Bitcoin overshadowed by economic lie

[vv181]

Bitcoin exist for over a decade yet there’s only few percentage of the human population is involved on Bitcoin investment. Not because that the majority of people is not aware nor exposed but because they are the victim of economic lie such disinformation towards Bitcoin through negative propaganda of Banks.

We are all being feed of wrong information of economic norms by the billionaires that benefiting the current system. Bitcoin is the best asset to invest in terms of price growth on long term period yet people are still scared to touch due the wrong information given by the main stream media.

A decade is minuscule compared to other investment assets. And I doubt there are a lot of people that are already aware and exposed to Bitcoin. Take the example of El Salvador, bitcoin is a legal tender and the government favours it, yet, the adoption is lacking. It does not necessarily mean that the lack of adoptions is caused by disinformation spread by banks, that things rather a conspiracy theory.

The Bitcoin ecosystem itself needs a lot of improvement in order to encourage more massive adoption, instead of shifting the blame to other unverifiable external factors. FUD will always be directed to Bitcoin, and we have to deal with it. The recent issue is that those who advocate Bitcoin switching to PoS, and then bitcoin community, which was initiated by one of the members here, are building an information site to combat that, that kind of act is what beneficial for the community.

[blockman]

That's okay if we're not yet that much because it's not about how many we've got but how many people truly believes on it just like the older and earliest days of bitcoin.
Those people that have stood up on what they think is really shown by bitcoin. No need to be an economic expert or what but we've been here and knew it from different reasons. Some are for the tech, for the new concept and other valid reasons.
It's just so happen that bitcoin as a P2P payment became better and popular due to the fact that it can be a store of value/asset.
And from there, it all had gathered the attention not just by small traders and investors but even the financial institutions that wants capital gains on this market and probably thinking that they can also dominate this market.

[serjent05]

Bitcoin exist for over a decade yet there’s only few percentage of the human population is involved on Bitcoin investment. Not because that the majority of people is not aware nor exposed but because they are the victim of economic lie such disinformation towards Bitcoin through negative propaganda of Banks.

Normal people are hesitant to jump in any innovations and technology especially when the government is somehow hostile on it.  It is not the misinformation but the fear to be persecuted once the government decided to become hostile to Bitcoin.  

We are all being feed of wrong information of economic norms by the billionaires that benefiting the current system. Bitcoin is the best asset to invest in terms of price growth on long term period yet people are still scared to touch due the wrong information given by the main stream media.

It is already known to majority of people.  Government and main stream media only shows people what they wanted us to know.  The appearance of Bitcoin news everytime there is a bad incident is one proof of it.  We seldom or never see mainstream news stating about the good effect of growing Bitcoin industry.  All they show to us are warnings to influence us to hesitate about Bitcoin.

In the country that I live, Bitcoin has a stigma of being a scam because our own government warn the public to not engage on Bitcoin investment due to a lot of scam involves it and the volatility is high. Most of the people here including the old professional don’t dare to touch it despite Bitcoin already has good price history.

We can't deny that in the early years until now a lot of scammers and fraudsters created companies and uses the term Bitcoin to scam people.  And they proliferate very fast that they even become more popular than Bitcoin in certain places.  Sadly, People who joined and experienced or know this scam have their minds set on Bitcoin being a scam not on the people and the company that actually scammed them.

[Hamza2424]

Failure of the economic policies is the reason for the capital gains in Bitcoin even the primary concept was the medium of exchange now the think tanks and major economists realized that Bitcoin has the potential for a digital store of value and here is where things get interesting because this can be a new narrative for the next bull run.

I was reading the posts in the economic section and then I visited a thread related to the Digital Euro and CBDS concept I cam to know now the officials are openly announcing their controlling power over the funds of civilians and the official stated that its all about Control. From here you can judge your future with the fiat money and Digital CBDS. Such types of stupidities are leading the shift or you call it the financial freedom revolution.

[landheer]

In my opinion, there are many reasons why people don't want to invest and one of them, in my opinion, is the economic factor.

because in my opinion nowadays not everyone has a lot of money and even there are still many people who don't have mobile phones, computers and so on.
so how can he invest if he doesn't have the tools to invest.

because I see so many people who want to invest in bitcoin but they don't have the facilities and money.

[Bazzu]

In my opinion, the existence of BTC, even though it has been many years, in my opinion, it can still be said that BTC has HAVEN'T LONGin the world, the proof is that there are still many people who don't know about bitcoin, and what is certain is that it requires a long process so that everyone knows about bitcoin.

and in my opinion what makes people not dare to invest in bitcoin, one of the reasons is because many people have lost as a result of investing in bitcoin so that in the end many people don't want to try investing in bitcoin.
and many more reasons...

but in my opinion btc takes a long time to be better known in the community,
but I'm sure one day btc will be more advanced and famous.
so now is the right time to invest in bitcoin.

[Jawhead999]

The government and many people are lying in order to mislead many people to choose their centralized money and investment which they have full control over it. If they tell a good thing about Bitcoin to everyone, most people might abandon fiat and choose to store their wealth in Bitcoin, it will make the banks fail since lack of liquidity and they will make a lot profit.

But thanks to this forum where many people will not mislead you about Bitcoin, even someone would give a wrong information, there's someone will correct it.

[davis196]

Saying that Bitcoin is a scam is definitely a lie. I don't want to discuss the conspiracy theorists, who say that Bitcoin is a sophisticated Ponzi scheme.
Saying that Bitcoin is a risky and volatile investment asset is true. I don't mind, when the bankers and financial advisors keep saying that Bitcoin/crypto is risky, because it really is. The people, who want to invest in Bitcoin/crypto must know what they are doing and that there's a possibility to lose their investment. I also don't want to tolerate the fanatic BTC/crypto supporters, who keep saying that Bitcoin is some sort of magical investment, that will miraculously make us rich in no time. This is also a lie.

[Iranus]

The government and many people are lying in order to mislead many people to choose their centralized money and investment which they have full control over it. If they tell a good thing about Bitcoin to everyone, most people might abandon fiat and choose to store their wealth in Bitcoin, it will make the banks fail since lack of liquidity and they will make a lot profit.

But thanks to this forum where many people will not mislead you about Bitcoin, even someone would give a wrong information, there's someone will correct it.

I find that normal, to put it simply, they are competing with bitcoin to survive and to stay in business, they need to find a way to smear their competitors. Just like us, bitcoin lovers are always critical of the banking system.
I really don't care what the government or the bank is saying about bitcoin because bitcoin is really a good solution, sooner or later, everyone will realize that. With the development of technology and everything available on the internet, they will never be able to hide it forever. Bitcoin is still going very well, and its popularity is spreading, I don't see bitcoin slowing or overshadowing.

[CarnagexD]

The government and many people are lying in order to mislead many people to choose their centralized money and investment which they have full control over it. If they tell a good thing about Bitcoin to everyone, most people might abandon fiat and choose to store their wealth in Bitcoin, it will make the banks fail since lack of liquidity and they will make a lot profit.

But thanks to this forum where many people will not mislead you about Bitcoin, even someone would give a wrong information, there's someone will correct it.

I think that what happens to most countries because the government tries to maintain control over the financial system and prevent the rise of a competing currency. And we can't deny it, some government officials do not fully understand Bitcoin and its potential benefits, leading them to be skeptical or even opposed to it. They associate it with criminal activities such as money laundering and terrorism financing as if they haven't done it themselves. As bitcoin threatens banks, maybe the governments are protecting the interests of these institutions by lying about Bitcoin and discouraging its use.

I think they just don't encourage the people to dive into the bitcoin world because of its decentralized feature. If in case one get scammed or anything, they don't want to take accountability of it because it is not government driven. But these don't help. They should provide factual info about bitcoin's benefits just as how much they provide cautiousness about it.

We are all being feed of wrong information of economic norms by the billionaires that benefiting the current system. Bitcoin is the best asset to invest in terms of price growth on long term period yet people are still scared to touch due the wrong information given by the main stream media.

In the country that I live, Bitcoin has a stigma of being a scam because our own government warn the public to not engage on Bitcoin investment due to a lot of scam involves it and the volatility is high. Most of the people here including the old professional don’t dare to touch it despite Bitcoin already has good price history.

In my country, we have somewhat mixed stance on Bitcoin and other cryptocurrencies. Our government has not banned the use of cryptocurrencies, but there have been some regulatory issues and concerns. Our central bank issued regulations that required virtual currency exchanges to register with the central bank as remittance and transfer companies but of course not everyone complies. And it's difficult to trace people who have to register since bitcoin is a decentralized system. They also issued a statement warning the public about the risks of investing in cryptocurrencies, stating that they are not backed by any government which I think just created fear towards investing in Bitcoin.

It is really our responsibility to educate ourselves. We cannot rely solely on what the government feed to us They lie too, most of the time.

[GreatArkansas]

(....)
In the country that I live, Bitcoin has a stigma of being a scam because our own government warn the public to not engage on Bitcoin investment due to a lot of scam involves it and the volatility is high. Most of the people here including the old professional don’t dare to touch it despite Bitcoin already has good price history.

It makes sense that people might be hesitant to invest in Bitcoin given the stigma that it carries in your nation.
Given the negative reputation that Bitcoin has in your country, it makes sense that some people might be cautious about investing in it.
Every people especially every nation got different perspective but I believe that most of these people who are talking negative about Bitcoin are people who don't know what Bitcoin is.

[BenCodie]

Bitcoin exist for over a decade yet there’s only few percentage of the human population is involved on Bitcoin investment. Not because that the majority of people is not aware nor exposed but because they are the victim of economic lie such disinformation towards Bitcoin through negative propaganda of Banks.

We are all being feed of wrong information of economic norms by the billionaires that benefiting the current system. Bitcoin is the best asset to invest in terms of price growth on long term period yet people are still scared to touch due the wrong information given by the main stream media.

In the country that I live, Bitcoin has a stigma of being a scam because our own government warn the public to not engage on Bitcoin investment due to a lot of scam involves it and the volatility is high. Most of the people here including the old professional don’t dare to touch it despite Bitcoin already has good price history.

Bitcoin's adversaries are always going to do everything in its power to ensure that people remain in their broken system rather than moving into a better alternative because they benefit heavily from the current system. It's unfortunate that this is the way that the world's powerful forces are like this, though eventually their lies will be clear to everyone and they will be left behind while the people benefit...(ideally).

[Ayers]

Bitcoin has been around for over a decade, but adoption and investment in it are still relatively low compared to traditional assets. This is partly due to negative propaganda and disinformation about Bitcoin spread by banks and billionaires who benefit from the current economic system. Despite this, many experts believe Bitcoin is a valuable asset for long-term price growth. As more people become aware of the benefits of Bitcoin and blockchain technology, we may see an increase in adoption and investment.

If you compare bitcoin to traditional assets, a decade is nothing, just like gold has been and is recognized for thousands of years while bitcoin is only 14 years old. For me, the growth of bitcoin is unprecedented and without delay.

Although negative news about bitcoin is spread daily, but with the growth of the internet and freedom of speech, there is also a lot of positive bitcoin news. Most people have heard of bitcoin. It's just that people are satisfied with their current lives and don't want to change or accept the new, only those who don't accept their fate are looking for the new, and bitcoin is an option. I know many people who know about bitcoin, but they are living a rich life, they say they have no reason to accept the challenge more because they worked so hard to get where they are today. Not everyone needs bitcoin, and bitcoin doesn't need everyone to accept it to survive.

[Plaguedeath]

If you compare bitcoin to traditional assets, a decade is nothing, just like gold has been and is recognized for thousands of years while bitcoin is only 14 years old. For me, the growth of bitcoin is unprecedented and without delay.

Although negative news about bitcoin is spread daily, but with the growth of the internet and freedom of speech, there is also a lot of positive bitcoin news.

Yeah Bitcoin is still nothing compared to traditional assets e.g. fiat, gold, stock etc, actually Bitcoin adoption is already widely accepted despite it's only exist 14 years, many bad news and it's not influenced by any countries, El Salvador and Central African Republic were accept Bitcoin as a currency on the previous year.

In social media you can talk anything, but don't think it's a freedom of speech because if you're radicalism and a government consider you're have a high risk or suspicious personal, don't be surprised either they will expose you or close your account.

[death69]

Oh, boy! It's crystal clear that the bigwigs up there are shaking in their boots over a tiny bit of Bitcoin action! But don't you worry, pal, 'cause as long as we keep trumpeting the awesomeness of Bitcoin, we're gonna ride this wave right to the top.

Yeah, it's a wild jungle of naysayers and Debbie Downers, but armed with some out-of-the-box thinking and a truckload of gusto, we'll show 'em Bitcoin is the cat's pajamas! From snappy catchphrases to wacky memes, we've got endless ways to make Bitcoin the talk of the town.

And hey, perhaps soon enough we'll inhabit a world where Bitcoin and the good ol' greenback are BFFs. I'm all fired up for the future! So let's keep spreading the gospel of Bitcoin, compadre, and turn it into the economic promised land!

[Bananington]

Not because that the majority of people is not aware nor exposed but because they are the victim of economic lie such disinformation towards Bitcoin through negative propaganda of Banks.

It is such a pity that some people still decide to trust and believe everything the government tells them. They are victims and have decided to remain victims to malinformation due to the laziness to research and find out the exact information for their knowledge to help form their decisions. The internet has made this possible, there is access to information.

We are all being feed of wrong information of economic norms by the billionaires that benefiting the current system.

Stop taking it if you are being fed, if your eyes have been opened from your access to information, you can share to others to help them too, but do not force them.

[MIner1448]

Indeed, there is a lot of opinion and misinformation regarding Bitcoin and cryptocurrencies in general. Bitcoin and other cryptocurrencies are still under development and regulation, which is why some people consider them unstable and risky to invest in. However, like any other asset, cryptocurrencies have their advantages and disadvantages, and each investor must make his own decision based on his knowledge and risk preferences.
The advantages of Bitcoin include high potential for price growth in the long term, decentralized nature and independence from central banks, and ease of use for international transactions. However, cryptocurrencies can also be subject to high volatility and instability, and can also be used for illegal purposes, which can lead to regulatory and legal issues.

[ImThour]

It's true that there is a lot of misinformation and negative propaganda surrounding Bitcoin, which has prevented many people from investing in it. However, as more and more people begin to understand the benefits of Bitcoin, the stigma surrounding it is slowly disappearing. Bitcoin has shown incredible growth in the past decade and has proven to be a valuable long-term investment. While there is certainly volatility, this is a common feature of any new and innovative asset class. Despite this, Bitcoin has continued to show consistent price growth over time, making it an attractive option for those looking to invest in the long term.

It's important to note that the negative propaganda surrounding Bitcoin is often perpetuated by those who benefit from the current financial system. These individuals and institutions are threatened by the idea of a decentralized currency that operates outside of their control. However, Bitcoin offers many benefits to the average person, including lower transaction fees, increased financial freedom, and protection against inflation.

TBH I see fiat being replaced with cryptocurrency in coming decade.

[SFMHodler]

I find the entire cypto industry worse than the banksters.

[Bushdark]

Bitcoin exist for over a decade yet there’s only few percentage of the human population is involved on Bitcoin investment. Not because that the majority of people is not aware nor exposed but because they are the victim of economic lie such disinformation towards Bitcoin through negative propaganda of Banks.

Even the so called bank are one of the big investors of Bitcoin and the reason why they are trying to lure us not make any potential investors is to delude us not to withdraw our money from the bank and invest in Bitcoin. We know ther trick and we are not going to be deceived by there evil agenda to keep holding large position as Bitcoin whales with our own money.
 

We are all being feed of wrong information of economic norms by the billionaires that benefiting the current system. Bitcoin is the best asset to invest in terms of price growth on long term period yet people are still scared to touch due the wrong information given by the main stream media.

We are bothered with the multiple lies the pass to the society through various social media to make us not to by and hold own Bitcoin. I am just sorry for those people that are deluded trying to form consensus with the economist liars. Those who will sell will sell and those that will keep hold will do that to there own advantage. The world is full of lies and we need to try as much as possible to believe in them.