Bitcoin and misinformation

[GeorgeJohn]

Bitcoin as the father of all cryptocurrency have hard it ups and down since it came into existence, but what I observe lately is the misinformation about Bitcoin that got me worried like in this time and age, people still take Bitcoin as a scam.

People who do take bitcoin as a scam are the people who is very myopic of bitcoin, so I have to let some people know that bitcoin have to do with something that people who haven't verified well or inquire well will not understand the process of bitcoin, so therefore, I stand to say that bitcoin stand as elevation to support fiat currency but people who is myopic of bitcoin call a bitcoin a scam.

I wouldn't deny that in my early days of investment, I really was unconvinced by the presentation i had about Bitcoin, which I took it as one of these fraudster trying to milk the general public as mmm did, but with time, after doing some research and finding I discovered how misinformed I was about it.

What I really want you to understand concerning bitcoin precisely is that you have to conduct a research of bitcoin before you conclude of bitcoin, some people said its a scam but they have not verified well concerning bitcoin investment, so therefore I will say that bitcoin is good currency but when you listen to government condemnation about bitcoin you will be discouraged to embrace bitcoin but when you take out your time to invest in bitcoin you also have to inquire as well

[gunhell16]

Usually, people who say that Bitcoin is a scam are those who don't know or lack knowledge about it. But those who know and understand the concept of Bitcoin don't think it's a scam. Most people may think that Bitcoin is a scam, but for most of them, it has not been proven that Bitcoin is really a scam.

You can only be misinformed if the person who tells or talks to you about Bitcoin either hates Bitcoin or is just saying it because he can't make a profit from it.

[komisariatku]

but in as much as am trying to share knowledge about Bitcoin to those who lack it, I don't try to force it on anyone so they won't see me as a scam.

Telling about bitcoin to people who don't know anything about bitcoin is difficult, often bitcoin will be associated with fraud or gambling. Usually I will start by telling about the financial system and how paper money is often printed blindly, resulting in inflation. Apart from that, paper money is also influenced by the power, influence and dominance of a country. I will explain this before I talk about bitcoin and how bitcoin with the blockchain system works as the antithesis of fiat currency

Usually they will understand if we explain the financial system first, although there are still those who don't believe it, especially if they know that the price of bitcoin is very expensive. But actually it's not a serious problem because even though many people don't like bitcoin, the price of bitcoin is always high, especially if everyone knew about bitcoin, maybe the price would be many times higher than now.

[o48o]

Bitcoin as the father of all cryptocurrency have hard it ups and down since it came into existence, but what I observe lately is the misinformation about Bitcoin that got me worried like in this time and age, people still take Bitcoin as a scam.

I wouldn't deny that in my early days of investment, I really was unconvinced by the presentation i had about Bitcoin, which I took it as one of these fraudster trying to milk the general public as mmm did, but with time, after doing some research and finding I discovered how misinformed I was about it.

Right now most people are like me years back, they are totally misinformed about Bitcoin, the best I do for them right now is to educate them about it, which some even told me what they think Bitcoin was, which is totally untrue about it.
but in as much as am trying to share knowledge about Bitcoin to those who lack it, I don't try to force it on anyone so they won't see me as a scam.

It's really hard to combat misinformation when you don't say what it is exactly. You didn't say how you or others are misinformed.

I mean i can think of several fud reasons that are easy to brush off, but there are many different angles people are using to spread misinformation, and not all of them can be brushed off in same way. Some of them are not misinformation, but just data without context. Some of them are exaggerated claims, some pure lies, and some have seed of truth, some of them aren't really lies but told with bunch of lies. So that truth gets mixed with lies.

Most of the time people don't just understand the concept, or arguments get heated because apparently some protocols are too dangerous for people to play with.

I mean i have spoken for bitcoin, but i can't argue that all use cases are going to be positive. Like any tool, it can be used in many ways. And it's hard to say if all the people should have access to all the tools that can hurt there. It's whole another argument all together imho.

[ajiz138]

People who think bitcoin is a common scam are laymen who don't know what's what but they are only able to comment with the dirty word "scamers" even though they don't know about understanding bitcoin, this for me is no longer common because in our area there are still some who think bitcoin is deceptive because they see drastic price increases/decreases or their perspective leads to ponzi schemes.

I will educate those who come to me and want to learn about understanding bitcoin further about the basics that must be understood, I will not get involved so much in educating stubborn people because it will only spark unnecessary debates, people like that will remain skeptical of bitcoin, and usually when bitcoin flies high they will come and ask how to invest in bitcoin, it's not strange anymore.

[Rruchi man]

Bitcoin as the father of all cryptocurrency have hard it ups and down since it came into existence, but what I observe lately is the misinformation about Bitcoin that got me worried like in this time and age, people still take Bitcoin as a scam.

Your past is some people's present, so some people are currently as misinformed and have doubts like you were just some time ago. Some people are not lucky enough and the first people they come across are people who do give them the correct information concerning bitcoins and that is what they then carry along. Misinformation has made many people not want to hear about investment in bitcoins and the bad thing is only a few of the misinformed will get to find out later that they had the wrong information.

[The Cryptovator]

I am not sure how you have been misinformed about Bitcoin. So far, I know that due to a lack of knowledge, a few people spread misinformation about Bitcoin; they just present it as an investment opportunity. Very few individuals know about Bitcoin technologies and uses. That's the most common misinformation spreading around us. If we know how Bitcoin works, then anyone can't say Bitcoin is a scam. So it's most important to learn and spread the right information.

[hugeblack]

No, some people believe that stocks are a scam. You cannot change people’s thinking over the course of several years, but it requires patience, and over a certain period you will find that all the people who were wary of investing in Bitcoin have become more open to it, either because they read more about it, or because more people bought Bitcoin because of the existence of a general regulatory framework for investing in Bitcoin, although I believe that such people would prefer to invest in Bitcoin indirectly.

You should avoid clicking on sites that provide misleading information because high views are what push them to continue lying.

[Oasisman]

Bitcoin as the father of all cryptocurrency have hard it ups and down since it came into existence, but what I observe lately is the misinformation about Bitcoin that got me worried like in this time and age, people still take Bitcoin as a scam.

You were not alone with that misconception and I don't blame those people who remained skeptical about bitcoin up until now, because of the several news articles that tackles about negativity about bitcoin and some crypto related scams.
You have no obligations to teach or educate these people, you will only get the same results just like when you were not convinced by other people who engaged in crypto before.

[oktana]

The core reason why people think that Bitcoin is a scam is a lack of understanding.

...
6. They personally got burnt by getting into Bitcoin during a bull run and selling at a loss on the ensuing crash, because they didn't actually know what they were doing when they bought it.
...

I had a friend who behaved exactly this way. He is into the crypto sphere however, when he makes an investment and waits for a while, a day or two after patiently waiting, the prices come back up and then he gets sad for selling too early. Afterward, he then calls crypto a scam (but he earns from it) because he feels someone could be regulating the price to not favor him. But I won't call his case misinformation, it looks more like frustration. Anyways, I generally think that it's easier to see the bad part than to see the good part so people tend to hold on to the bad side of Bitcoin so much that they don't see the good it does.

[Mame89]

Bitcoin as the father of all cryptocurrency have hard it ups and down since it came into existence, but what I observe lately is the misinformation about Bitcoin that got me worried like in this time and age, people still take Bitcoin as a scam.

You were not alone with that misconception and I don't blame those people who remained skeptical about bitcoin up until now, because of the several news articles that tackles about negativity about bitcoin and some crypto related scams.
You have no obligations to teach or educate these people, you will only get the same results just like when you were not convinced by other people who engaged in crypto before.

Misunderstandings are true in all countries, something like this is bound to happen, there are so many people who misjudge Bitcoin, even if it is explained, they still don't believe it because they have consumed wild information on social media. So it's not surprising that many people have pros and cons to Bitcoin, even in my country there are still many like that, there are more people who are skeptical of Bitcoin.

Sometimes I realize the situation, maybe in this world we really need balance. If everyone is pro bitcoin, demand is too high, the price will be very expensive, and I don't have many bitcoins yet. We really need people like Peter Schiff, Nouriel Roubini who are anti-bitcoin and who scare people to get people to sell bitcoin.

[Cryptomultiplier]

The core reason why people think that Bitcoin is a scam is a lack of understanding.

...
6. They personally got burnt by getting into Bitcoin during a bull run and selling at a loss on the ensuing crash, because they didn't actually know what they were doing when they bought it.
...

I had a friend who behaved exactly this way. He is into the crypto sphere however, when he makes an investment and waits for a while, a day or two after patiently waiting, the prices come back up and then he gets sad for selling too early. Afterward, he then calls crypto a scam (but he earns from it) because he feels someone could be regulating the price to not favor him. But I won't call his case misinformation, it looks more like frustration. Anyways, I generally think that it's easier to see the bad part than to see the good part so people tend to hold on to the bad side of Bitcoin so much that they don't see the good it does.

Bitcoin always seems like a scam to many people who don't understand how it works. I was in same category at first until I joined this forum and had to learn if its capabilities.
The media does more in enabling misinformation wherebeit the scam of FTX and other failed crypto projects has done well to give it such a say.

The misinformation also shows itself in the cases wherein it isn't the legal tender of a country or the government is trying so hard to control or regulate its activities.

[BitDane]

There are indeed stubborn people that keep on believing on the misinformation they get without even digging the truth themselves.  As far as I observed, people who think Bitcoin is a scam are people  who got victimized by fraud company.   While other simply does not believe on the economics and system of Bitcoin.

If one encounter this kind of people, better try to have patience and never offer any Bitcoin investment idea because they may even tag us as one of those scammers.

When informing people about Bitcoin, we should not push the investment part.  I believe giving the basic information about Bitcoin and its revolutionary idea will make people interested.  There is no need to discuss about the profitability of Bitcoin market because they will find it themselves when they started researching about Bitcoin.

[Smack That Ace]

If it were me, I wouldn't take the time to explain bitcoin to anyone, let those who consider it a scam continue with that thinking. I would only give time to people who really want to learn about bitcoin and focus their time on their investment.

Furthermore, as you also said, you also considered bitcoin to be a scam and then you realized everything. So let's let people approach bitcoin that way, we need to give people and bitcoin more time. There is no need to rush to force people to do things they are not ready for or do not need.

   wish I could just scream NO at anybody who ask this question and tell them how Bitcoin is going to change the world. I will first start with features of Bitcoin. It is Easy Fast Secure Works 24*7 Decentralised Permissionless Then I will tell how it is better form of currency.It has limited supply. Unlike Fiat currency, only 21 millions Bitcoins will come to existence with the startup cryptocurrency investment company where you get double of your invested cryptocurrency.  No central government or organisation have monopoly over it. Only Federal Reserve reserves the right to print the US Dollars and on their own wish. You either buy or earn Bitcoins.You do not need permission of any bank or card to transact in bitcoins.
  it is excellent medium for exchange of goods and services It can be used to maintain accounts It is fungible. Moreover people like Bill Gates and John McAfee endorse Bitcoin. Then there are people like Andreas Antonopolis who works as evangelist for Bitcoins and make people aware about How Bitcoins is going to change the world and is not a get rich quick scheme.I would discuss about the poor condition of the world’s economy. Countries like Venezuela and Zimbabwe are on the brink economic meltdown. Bitcoins can give them freedom to transact again with the money which has value and not a piece of paper.Lastly I would tell story about immigrants in western countries and how expensive and slow it is for them to send money to their family. With Bitcoin is cheaper and faster way to send money back home to your parents, wife or kids. But I also know that nothing is permanent. With good there comes evil. Bitcoins has its own share of problems.

Once they have doubts and don't believe it, even if you explain it a thousand times and provide them with thousands of benefits about bitcoin, they will never bother. For me, giving advice to others is not explaining everything about bitcoin, it's just a waste of our time. Instead, you should show them proof, how you have changed thanks to bitcoin. Many people are even skeptical when you present living proof, let alone just tell them about empty theories. So I think we should only talk about bitcoin with people who have heard about it and are interested in it.

[Antotena]

Bitcoin as the father of all cryptocurrency have hard it ups and down since it came into existence, but what I observe lately is the misinformation about Bitcoin that got me worried like in this time and age, people still take Bitcoin as a scam.

I wouldn't deny that in my early days of investment, I really was unconvinced by the presentation i had about Bitcoin, which I took it as one of these fraudster trying to milk the general public as mmm did, but with time, after doing some research and finding I discovered how misinformed I was about it.

Right now most people are like me years back, they are totally misinformed about Bitcoin, the best I do for them right now is to educate them about it, which some even told me what they think Bitcoin was, which is totally untrue about it.
but in as much as am trying to share knowledge about Bitcoin to those who lack it, I don't try to force it on anyone so they won't see me as a scam.

Scams happen everywhere even in the fiat system. Dozens of fraud are been committed everyday moving funds from bank to bank and are reported to banks but do you know that banks don't do anything about it? They just ignore the victims and move on like their customers are not important, I'd that system better than decentralized currency.

Bitcoin is not a scam, anyone scam of their bitcoin are only ignorant of how badly scammers are perpetrating and disguising into different means to get away bitcoin from the original owners of the bitcoin. The genesis of how this can be protected is making sure that your private key and seed phrase is never exposed, to make sure that they don't send their bitcoin to anyone incase or impersonation.

Always make sure you don't put your information in a wrong places, don't live your coins on the exchange and custodial services because if this places run away, you may lose your bitcoin. This are just few ways you can lost access to your bitcoin. Beginners should also embrace learning if they have bitcoin and should also make sure they read about bitcoin in reputable platforms.

[Essential10]

Bitcoin is considered by many to be a scam. The reason is (MLM) business i.e. mobile letter marketing, in some countries this technology is used to mislead strangers so that they can get money. It was once widespread. Attempts to make illegal gains using this type of technology are generally considered fraud. At this time, more people are getting to know about Bitcoin technology and its utility and it is becoming more secure and trustworthy. However, it may take time for those who are involved with this technology (MLM) first. Bitcoin is a technology that is completely dependent on technology and geographical location. It is important to know what it is, how it works, and its social and financial impact. To create enthusiasm for Bitcoin, you can increase its institutional knowledge and trust. It is important for a user to know how to buy bitcoins and where to store them. This can be local or online enhancements, and can mean hardware or software manuals to stay secure at all times, as we say. In fact, the main point is that depending on my or your ability to explain or the process of explaining, Bitcoin is wrong information or correct information.

[savetheFORUM]

The time has passed when people could believe that Bitcoin is a scam. The reality imposed by Bitcoin through its strong presence and overcoming all the great difficulties it faced, especially by governments, proves that Bitcoin is not a fraud and that it is here to stay.

Therefore, you do not have to convince people that Bitcoin is not a scam. Let them discover that for themselves. When they see Bitcoin reaching astronomical numbers and that large institutions begin to accept Bitcoin and invest in it strongly, then they will know the truth. But they will regret it at that time.

Many people already know the truth and are convinced that BTC is not a scam but there are still a small percentage left who are in doubt. There are people who are not yet aware of BTC and once they heard it, their reaction can still be dual. Either they will also doubt or they are now excited to join it. So, don't say that there is no need for us anymore to convince people that BTC is not a scam coin.

We should still do it and we should hurry because I'm afraid these people will heard the wrong info about it. BTC overcoming all of its obstacles won't be possible if without the help of the people and of course the man behind it which is Satoshi Nakamoto. So we should also give credits to them. You should be proud of your self if you are one of those people who didn't leave BTC through thick and thin.

[Furious 7]

Bitcoin as the father of all cryptocurrency have hard it ups and down since it came into existence, but what I observe lately is the misinformation about Bitcoin that got me worried like in this time and age, people still take Bitcoin as a scam.

Actually in this case when it is said that bitcoin is considered a scam it is not a very taboo thing because in my opinion it is a condition where it has become commonplace when there are a handful of people saying that for several reasons such as losing money or indeed control of the bitcoin is small so start trying to provide other doctrines so that other people do not want bitcoin because it is considered detrimental.

The average beginner also who has lost money says that this is a scam. but is it bitcoin's fault? of course not because in the end when someone feels a loss in bitcoin when trying to invest and trade it doesn't mean the bitcoin is wrong but they are the ones who don't really understand what bitcoin is that makes it difficult for them to be in bitcoin and consider this a scam.

[knowngunman]

I wouldn't deny that in my early days of investment, I really was unconvinced by the presentation i had about Bitcoin, which I took it as one of these fraudster trying to milk the general public as mmm did, but with time, after doing some research and finding I discovered how misinformed I was about it.

I can confidently say that your experience is definitely not unique because a lot of people including myself initially dismiss Bitcoin as a scam because we don't understand how it works or what it's for but once we take the time to learn about it, we often change our minds. The truth is that we don't need to force anyone into bitcoin. It's something that everyone will understand and eventually adopt if they can dedicate out time to learn about it and how the system operates. It's normal thing to assume something as scam in the first experience but it is not normal to conclude and affirm your assumption without making more research about the thing in question. This misinformation are being disseminate by people who are still new in the system and believe that bitcoin is like a ponzi or get rich quick investment.

[Youngkhngdiddy]

I can confidently say that your experience is definitely not unique because a lot of people including myself initially dismiss Bitcoin as a scam because we don't understand how it works or what it's for but once we take the time to learn about it, we often change our minds. The truth is that we don't need to force anyone into bitcoin. It's something that everyone will understand and eventually adopt if they can dedicate out time to learn about it and how the system operates. It's normal thing to assume something as scam in the first experience but it is not normal to conclude and affirm your assumption without making more research about the thing in question. This misinformation are being disseminate by people who are still new in the system and believe that bitcoin is like a ponzi or get rich quick investment.

   I fell like its ignorant that cause most people not to invest in bitcoin, the lack of knowledge make them formulate all this rumor about bitcoin being scam, and those who fall for the scammers they basically do not have any idea about what they are getting into and how to go about it  that was why there were scam ignorance still comes to play. Knowledge is power and a very important tool to fight ignorance. Though not everyone will invest in Bitcoin, some people just like to invest in what they can have hold of, we still have the old fashioned folks too as well that don’t want to go with the transitioning.
   When making investments without being confident of the outcome, it is crucial to exercise caution. The assistance of roll consults limited can be used to recover cryptocurrency scams. It's critical to be aware of these con artists games and to stay away from anything that seems too good to be true. Before engaging in any transactions, always conduct due diligence to confirm that the source you are working with is reliable.