Bitcoin overshadowed by economic lie

[Bitcoin_people]

Bitcoin is in circulation in almost every country in the world. Bitcoin has been approved in many countries and Bitcoin has not been approved in many countries. But still Bitcoin is gaining massive popularity constantly. Very few people in the world are not interested in investing in Bitcoin but it is seen that almost everyone who is related to crypto world is involved in Bitcoin investment. Countries that have not approved Bitcoin believe that legalizing Bitcoin will cause economic damage to the country. But I don't think it's like that, the way Bitcoin price increases, all countries will benefit economically if Bitcoin is legalized. Even in the country where I live Bitcoin is not legal, it is legally a crime to circulate Bitcoin. Bitcoin is not legalized in my country because the government thinks that if bitcoin is legalized in the country, a lot of illegal work will be done with bitcoin. And the people of the country will be involved in criminal activities including various economic and political that is why bitcoin is not allowed in my country which is still legal crime bitcoin circulation.

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[MarjorieZimmermanGinger]

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.

I don't think it's entirely due to the bank's negative propaganda economic lies, but people need to adapt to bitcoin where we have to learn the basis for running investments, so that when it first appeared people were still very hesitant to invest. My own closest example, when bitcoin was introduced, 1 to 8 years of its journey, I was still hesitant to invest.

Because I'm not fully familiar with bitcoin and what it has to offer, but on my way I started to learn bit by bit the advantages of bitcoin and in the end I found advantages of bitcoin that other investment models don't have. Even gold, one of the investments that is able to maintain value, is also not the same as bitcoin, because the profit process that we get takes a very long time. Meanwhile, bitcoin fluctuations are a force for maximum profit returns in a relatively short period of time according to our ability to analyze the market and this advantage is one of the choices for people to choose 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.

The bitcoin stigma is a bigger scam propagated by the mainstream media, both structured and government planned. However in general, this stigma disappears by itself with regulations in each country that bitcoin and crypto are legal as commodity assets and not as legal tender.

So that people's involvement in it sometimes depends on the understanding they receive, but as far as the development of bitcoin until now many people are starting to open up to accept and try to invest in bitcoin, even though there are some countries that still prohibit bitcoin to this day.

[Rabata]

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.

Bitcoin is still not supported by the government of most countries. The banking sector also consider Bitcoin as their enemy. Bitcoin is moving forward in such a situation. As Bitcoin has a strong foundation that is why Bitcoin continuing to move forward even in such a negative situation. There are a few things that make me wonder. We have seen the tendency of some government employees of our country to use Bitcoin. Although they use it secretly. According to my assumption i think the number of Bitcoin users could be countless. Especially 1.5 out of 3 parts of the total literate population is connected with Bitcoin. Its number is increasing day by day. But the good news is that despite this adversity, Bitcoin usage continues to grow. Citizens of every country are now trusting Bitcoin but the government is opposing it. But it should also be accepted that the government of a country is established by the people of that country. So there is no way to stop Bitcoin by restricting.

[Sidra101]

 However, there are also many supporters and believers in Bitcoin who see it as a revolutionary technology that has the potential to transform the financial industry and create a more decentralized and transparent system of exchange.

[Popkon6]

Bitcoin is going through its downsides but the banking sector in particular feels the most hostile. As I am talking about my own country Bitcoin is illegal in my country, but secretly often 4/1 people are connected to Bitcoin. Because the government of my country also deals in bitcoins like importing goods from abroad but the transaction is completed through dollars or bitcoins but they don't let people understand that. Like Bitcoin is illegal in our country but we have a lot of people coming from banking sector and there are countless people who are connected to Bitcoin. Bitcoin has been on this journey for a decade but it is true that governments and politicians in many countries will be more connected in the future. At some point, Bitcoin will spread its influence in almost all countries except the least developed countries.

[Rigon]

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.

I have been involved with this forum for 10 years. Bitcoin is not valid in my country. Yet I continue to work without harassment in my country with Bitcoin transactions. I can exchange bitcoins from the bank to my local currency. But I never got into administrative trouble. I appeal to the government to legalize bitcoin in the next budget considering the unemployment rate in my country. Since Bitcoin is not legal, we can use it without any tax, but if Bitcoin is legal, we can use it more boldly in transactions and all activities. We will be able to enable Bitcoin transactions in various businesses, which we cannot do now. I have always respected Bitcoin because I have been able to run my life beautifully with Bitcoin. But I hope very soon all countries will accept Bitcoin and we will move forward to live a better life using Bitcoin.

[cozytrade]

Bitcoin is going through its downsides but the banking sector in particular feels the most hostile. As I am talking about my own country Bitcoin is illegal in my country, but secretly often 4/1 people are connected to Bitcoin. Because the government of my country also deals in bitcoins like importing goods from abroad but the transaction is completed through dollars or bitcoins but they don't let people understand that. Like Bitcoin is illegal in our country but we have a lot of people coming from banking sector and there are countless people who are connected to Bitcoin. Bitcoin has been on this journey for a decade but it is true that governments and politicians in many countries will be more connected in the future. At some point, Bitcoin will spread its influence in almost all countries except the least developed countries.

From what I can see Bitcoin is still banned in several countries. Almost people in countries where Bitcoin is still banned are now involved in Bitcoin and they are using Bitcoin and doing many transactions through Bitcoin despite Bitcoin being banned. Hopefully in countries where Bitcoin is still illegal.  They will be legitimized very soon. When the countries that have more representatives understand what Bitcoin is then they will declare it legit. They have no idea about Bitcoin which is why they have declared Bitcoin illegal.

[Altryist]

It's not necessarily easy, and frequently when we interact with others in terms of talking about bitcoin, we are likely going to ongoingly find instances in which we either do not know the answers or we are not able to explain very well in order that the person on the other side of the conversation sufficiently understands and/or is able to get enough from our conversation in order to research into the matter further.  People learn at their own pace, and frequently they have difficulties finding information, and even if we might share information sources with other people (by sending links), they might not read matters that we sent to them or be inspired to look into the matter further, in terms of information sources that we had provided.. and sure, the information (like we presented) may well not be "on the news" from the sources that they are accustomed.

I like people who do not take a word for what they hear, those who think and check any information that they are given for review. But people are often lazy and it is easier for them to miss something that may take a long time to study than to understand this issue.

Bitcoin require a lot of time, since this is a very broad topic and in order to understand it, we need to have a desire for this, so that a person wants it himself, otherwise this is will be a superficial acquaintance, according to which he can remain with his original opinion. I believe that there should be a time for everyone to embrace and understand bitcoin, those who do so early will be able to gain an advantage.

[JayJuanGee]

It's not necessarily easy, and frequently when we interact with others in terms of talking about bitcoin, we are likely going to ongoingly find instances in which we either do not know the answers or we are not able to explain very well in order that the person on the other side of the conversation sufficiently understands and/or is able to get enough from our conversation in order to research into the matter further.  People learn at their own pace, and frequently they have difficulties finding information, and even if we might share information sources with other people (by sending links), they might not read matters that we sent to them or be inspired to look into the matter further, in terms of information sources that we had provided.. and sure, the information (like we presented) may well not be "on the news" from the sources that they are accustomed.

I like people who do not take a word for what they hear, those who think and check any information that they are given for review. But people are often lazy and it is easier for them to miss something that may take a long time to study than to understand this issue.

Bitcoin require a lot of time, since this is a very broad topic and in order to understand it, we need to have a desire for this, so that a person wants it himself, otherwise this is will be a superficial acquaintance, according to which he can remain with his original opinion. I believe that there should be a time for everyone to embrace and understand bitcoin, those who do so early will be able to gain an advantage.

Yes.. it probably takes many exposures (more than 6), and if the exposure is misinformation, it could take way more information to clarify inaccurate information rather than to just understand accurate information... sometimes the inaccurate information might line up with a person's view of the world and perhaps even the inaccurate information will reinforce other inaccurate information, so then the inaccurate information might become more believable for some people, and more difficult to both understand and start to give credibility to the accurate information.

In the case of bitcoin there are a lot of different angles in which there can be difficulties in understanding, even beyond a potential belief that "government has to approve monetary-like assets" or "debt is needed in order to facilitate 'growth' and "prosperity.'"  So, it could take a long time, just to understand bitcoin's role, and of course, there are other angles that have been mentioned, too.. in terms of the various other kinds of misinformation in regards to bitcoin that people will tend to believe.... such as it does seem to be so fantastical.. and that there is confusion between bitcoin and crypto..and those kinds of confusions are purposefully reinforced and contributing towards difficulties for normies to really wrap their heads around what bitcoin is and what makes bitcoin valuable for everyone as a kind of "people's money."

[Dimitri94]

and that there is confusion between bitcoin and crypto..and those kinds of confusions are purposefully reinforced and contributing towards difficulties for normies to really wrap their heads around what bitcoin is and what makes bitcoin valuable for everyone as a kind of "people's money."

It is true that most of us lack of knowledge about bitcoin and we can say that we have poor knowledge about bitcoin. I have ‍also doubt about how reliable that little knowledge. But I have been able to understand that it definitely takes time to get good knowledge. Only when we understand ourselves better will I be able to expand it rapidly. I've seen a few national newspaper that report on Bitcoin, they report a lot of negative things about Bitcoin, but the main thing is that their reports seem completely baseless because their reporter mingle Bitcoin with altcoins when they report on it. But the problem is that when they are good media reporters, the news is spread all over the country. Even if misinformation is over-reported, it seems true to people. That is why one should know Bitcoin well first otherwise a false information sometimes wants to take the place of the truth. So everybody should acquire proper knowledge about bitcoin.

[Lamkuthang]

.. and that there is confusion between bitcoin and crypto..and those kinds of confusions are purposefully reinforced and contributing towards difficulties for normies to really wrap their heads around what bitcoin is and what makes bitcoin valuable for everyone as a kind of "people's money."

It is true that there are many complexities surrounding Bitcoin and its role in the financial system. si. Many people are skeptical of Bitcoin because they don't understand it, and they may have heard misleading information about it and one of the common misconceptions is that Bitcoin is only for criminals and illegal activity. This is not true, because Bitcoin has many legitimate uses and can be used for everyday transactions, just like any other currency. Another misconception is that Bitcoin is the same as any other cryptocurrency, when in fact it was the first and most famous cryptocurrency.

[Kaliandra]

Bitcoin is going through its downsides but the banking sector in particular feels the most hostile. As I am talking about my own country Bitcoin is illegal in my country, but secretly often 4/1 people are connected to Bitcoin. Because the government of my country also deals in bitcoins like importing goods from abroad but the transaction is completed through dollars or bitcoins but they don't let people understand that. Like Bitcoin is illegal in our country but we have a lot of people coming from banking sector and there are countless people who are connected to Bitcoin. Bitcoin has been on this journey for a decade but it is true that governments and politicians in many countries will be more connected in the future. At some point, Bitcoin will spread its influence in almost all countries except the least developed countries.

yes indeed the existence of bitcoin has pros and cons, but in my opinion if everyone already understands about bitcoin of course no one will feel disadvantaged, and in my opinion it does not rule out even less developed countries in my opinion will definitely be interested and may adopt bitcoins as long as there is internet in the country and so on.

[Gallar]

All the bad assumptions that have been built by some parties about bitcoin to the public in various countries are already running and many people are consumed by these bad assumptions. I think it will be difficult to fix the problem, because that assumption is deeply ingrained in their minds. So it definitely takes a long process to change their negative thoughts about bitcoin. To be honest, the people around me who know about bitcoin mostly still consider bitcoin as an uncertain asset and prone to fraud.
And I also read a post on the website, about the company Block inc doing a survey to people about their opinion on bitcoin and one of the points they got from the survey result is

the higher their level of knowledge, the more optimistic they are about the future of Bitcoin. People in Nigeria, India, Vietnam and Argentina have the highest levels of optimism globally about the future of Bitcoin.

Source: https://id.beincrypto.com/block-inc-find-the-main-reasons-why-there-people-who-don't-have-bitcoin/

And I can also conclude that people who know about bitcoin and dig deeper, will have more positive thoughts about the existence of bitcoin.

[Popkon6]

Bitcoin is illegal in our country, but many people are secretly using Bitcoin. People of our country will have a lot of trouble to know about bitcoin (what is bitcoin and use of bitcoin). Because not all people are literate, (about 70% of people are literate) 4/1 people are experienced about crypto currency but the rest of the people may have difficulty in understanding when you talk to them about Bitcoin. However, they can be given some knowledge about Bitcoin, but it takes a lot of time to motivate them.
When discussing Bitcoin in particular, the most important thing will be the difference between (Bitcoin and Cryptocurrency). Discussing this will certainly increase people's interest in Bitcoin.

[ajiz138]

All the bad assumptions that have been built by some parties about bitcoin to the public in various countries are already running and many people are consumed by these bad assumptions. I think it will be difficult to fix the problem, because that assumption is deeply ingrained in their minds. So it definitely takes a long process to change their negative thoughts about bitcoin. To be honest, the people around me who know about bitcoin mostly still consider bitcoin as an uncertain asset and prone to fraud.
And I also read a post on the website, about the company Block inc doing a survey to people about their opinion on bitcoin and one of the points they got from the survey result is

the higher their level of knowledge, the more optimistic they are about the future of Bitcoin. People in Nigeria, India, Vietnam and Argentina have the highest levels of optimism globally about the future of Bitcoin.

Source: https://id.beincrypto.com/block-inc-find-the-main-reasons-why-there-people-who-don't-have-bitcoin/

And I can also conclude that people who know about bitcoin and dig deeper, will have more positive thoughts about the existence of bitcoin.

Usually the government always gives bad assumptions about bitcoin so that absorption into the community will be stronger that some of them don't believe in bitcoin because they follow the views of the government, about the negatives and positives of course that's for sure because several problems often arise which cause links to bitcoin but I wouldn't be surprised because where any government doesn't want bitcoin as a serious asset or even an investment for society the government also doesn't want bitcoin as a rival to fiat.

Including myself, who have been with bitcoin for a long time by learning many things, so this will be very positive for me with the existence of bitcoin now, not only that bitcoin can change financially, those involved in bitcoin can buy whatever they want.

[JayJuanGee]

.. and that there is confusion between bitcoin and crypto..and those kinds of confusions are purposefully reinforced and contributing towards difficulties for normies to really wrap their heads around what bitcoin is and what makes bitcoin valuable for everyone as a kind of "people's money."

It is true that there are many complexities surrounding Bitcoin and its role in the financial system. si. Many people are skeptical of Bitcoin because they don't understand it, and they may have heard misleading information about it and one of the common misconceptions is that Bitcoin is only for criminals and illegal activity. This is not true, because Bitcoin has many legitimate uses and can be used for everyday transactions, just like any other currency. Another misconception is that Bitcoin is the same as any other cryptocurrency, when in fact it was the first and most famous cryptocurrency.

The value of bitcoin does not come merely from the fact that it was first, even though it is factually true that bitcoin came first (well it was built on other principles and experiences too in order to combine some previous innovations in somewhat unique ways to have the communication of valid coins to take place over a network with competing entities/individuals pursuing their own self-interests therein).... ...

so there is likely some advantage that comes from a kind of bitcoin protocol that builds upon itself.. and any potential replacement would likely need to be somewhere in the ballpark of 10x better or else any potential replacement would just be absorbed into bitcoin... so many of the shitcoins and supposedly competing products are not even close to better than bitcoin, even if they claim that they are, but even if they were, they would need to be around 10x better otherwise the incumbent (ie king daddy bitcoin) is going to continue to dominate.. even if it is attacked by a variety of actors, including nation-states and traditional banking institutions and status quo richie peeps who see bitcoin as a threat, but likely they can do nothing about it, even though they will try and likely continue to try to beat bitcoin, which might cause difficulties for king daddy bitcoin, but with the passage of time value is likely to continue to gravitate into bitcoin because it is superior to any other current system and likely superior to any system that would need to be 10x better than it, in order to replace my lil precious (aka dee cornz).

[Lantind]

Bitcoin is in circulation in almost every country in the world. Bitcoin has been approved in many countries and Bitcoin has not been approved in many countries. But still Bitcoin is gaining massive popularity constantly. Very few people in the world are not interested in investing in Bitcoin but it is seen that almost everyone who is related to crypto world is involved in Bitcoin investment. Countries that have not approved Bitcoin believe that legalizing Bitcoin will cause economic damage to the country. But I don't think it's like that, the way Bitcoin price increases, all countries will benefit economically if Bitcoin is legalized. Even in the country where I live Bitcoin is not legal, it is legally a crime to circulate Bitcoin. Bitcoin is not legalized in my country because the government thinks that if bitcoin is legalized in the country, a lot of illegal work will be done with bitcoin. And the people of the country will be involved in criminal activities including various economic and political that is why bitcoin is not allowed in my country which is still legal crime bitcoin circulation.

There are many factors that might cause a government not to legalize Cryptocurrency, one of which is that most of them want to keep their currency, even though Bitcoin is worldwide and it is a digital currency that is decentralized because of this maybe the government and also an organization still don't provide license to Bitcoin.

[lizarder]

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.

That's the role of the government in playing the power to restrict bitcoin, but frankly they failed to create a barrier for society regarding the stigma bitcoin is a fraud. The collapse of several bank-managed fiat systems made people increasingly aware that the existing system was much riskier than bitcoin travel. Today people are starting to realize that the concept of bitcoin is much more rational and control over investments is much lighter on behalf of individuals and does not need other parties.

Adoption of bitcoin has continued and has met equity levels, although for now it only acts as a commodity asset in most countries and some countries' bans restricting bitcoin have also had no impact on its journey. Bitcoin continues to live up to the desires of many people in investing and there is great hope when people try to believe in this system of freedom.

[Agbe]

The value of bitcoin does not come merely from the fact that it was first,

Exactly, and overtaken is allowed, if any cryptocurrency is capable of overtaken bitcoin, the ecosystem is allowed but I doubt if any crypto is or have the ability to overtake bitcoin. Only the popularity of bitcoin alone is threat to other cryptocurrencies.

even though it is factually true that bitcoin came first (well it was built on other principles and experiences too in order to combine some previous innovations in somewhat unique ways to have the communication of valid coins to take place over a network with competing entities/individuals pursuing their own self-interests therein).... ...

Well the pressure Bitcoin used came was more stronger, higher than any other coin. Because of the way (the goal and the aim) Bitcoin was created and no any other coin can compete with it. As you said, the uniqueness nature of bitcoin is making it to be a super coin in the space.

so there is likely some advantage that comes from a kind of bitcoin protocol that builds upon itself.. and any potential replacement would likely need to be somewhere in the ballpark of 10x better or else any potential replacement would just be absorbed into bitcoin... so many of the shitcoins and supposedly competing products are not even close to better than bitcoin, even if they claim that they are, but even if they were, they would need to be around 10x better otherwise the incumbent (ie king daddy bitcoin) is going to continue to dominate.. even if it is attacked by a variety of actors, including nation-states and traditional banking institutions and status quo richie peeps who see bitcoin as a threat, but likely they can do nothing about it, even though they will try and likely continue to try to beat bitcoin, which might cause difficulties for king daddy bitcoin, but with the passage of time value is likely to continue to gravitate into bitcoin because it is superior to any other current system and likely superior to any system that would need to be 10x better than it, in order to replace my lil precious (aka dee cornz).

The advantages in Bitcoin are plenty. And because of that the adoption of bitcoin is in various countries in the world is increasing every day. And no coin or crypto can overcome bitcoin in anywhere.

[Bd officer]

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.

Another 20 years will pass but some people will still not trust Bitcoin. Bitcoin is a digital cryptocurrency whose price will always fluctuate more or less. We cannot be disappointed. We have to believe that success can never be achieved without risk. And now it is heard that the bank is closing due to bankruptcy. Gradually people will lose confidence in banks. At some point it will be seen that most people will trust Bitcoin and invest in 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.

I got the idea about Bitcoin a year ago. Bitcoin is not negotiable where I live. Bitcoin is still illegal in my country yet I cannot stop investing in Bitcoin even though it is totally banned. Caution should be exercised when investing in countries where Bitcoin is still illegal.

Slowly I think Bitcoin will be legalized all over the world one day.