Bitcoin and misinformation

[Japinat]

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.

Education is always the key. A lot of us have been claiming that bitcoin is like this or like that, and that its a get-rich quick thing, and it turned out that everything we believe about bitcoin are not actually the facts since we never get the chance to do due diligence to research since we only rely on information coming from youtubers who have nothing to do but to hype bitcoin or to attack bitcoin negatively.

This was exactly like me way back before. However, when I enter the bitcointalk forum, I realized that I've been living with lies on bitcoin and maybe that's the reason that I fail to appreciate it. Bitcoin is the key to experience freedom from the shadows of the government. Bitcoin is our future. And with its decentralized blockchain, it's giving us the opportunity to use and invest bitcoin freely without the interruption of the government or from any third party or group.

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[Ryu_Ar1]

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.

In the end, all lay people who do not know about bitcoin will definitely have some kind of wariness about bitcoin and that is a normal thing and even when talking about experience, I previously even became one of the haters who moved many people not to be in bitcoin even though it came from work demands that did require me to convince people against fiat and banks but the hatred grew when bitcoin continued to rise and rise so that I did not like bitcoin. But now it is reversed where I who initially hated it was in bitcoin and became one of the people who invested in bitcoin.

All have such a process but in the end when we really study seriously then we will definitely choose bitcoin as one of the options for investment and I am such an example.

[puloweh555]

Education is always the key. A lot of us have been claiming that bitcoin is like this or like that, and that its a get-rich quick thing, and it turned out that everything we believe about bitcoin are not actually the facts since we never get the chance to do due diligence to research since we only rely on information coming from youtubers who have nothing to do but to hype bitcoin or to attack bitcoin negatively.

This was exactly like me way back before. However, when I enter the bitcointalk forum, I realized that I've been living with lies on bitcoin and maybe that's the reason that I fail to appreciate it. Bitcoin is the key to experience freedom from the shadows of the government. Bitcoin is our future. And with its decentralized blockchain, it's giving us the opportunity to use and invest bitcoin freely without the interruption of the government or from any third party or group.

Correct. Education is very important in investing in bitcoin. Indeed, what you said is true, previously I also thought that Bitcoin was the same as other cryptocurrencies which did not have clear fundamentals, because at the same time I also saw that many cryptocurrencies ended up being scams and were not suitable for investment, especially for the long term. , I couldn't differentiate bitcoin and altcoin before because I thought they were the same.

After I was on this forum, I just studied more deeply, it turns out that Bitcoin is different from altcoin, even though they are both Cryptocurrencies, but their goals and fundamentals are very different. So it's important for us to learn about something fundamentally, don't just follow along with other people, education is the most important thing. Likewise, for many people who consider bitcoin to be a scam, perhaps they have not learned everything about bitcoin, this is a task for all of us to continue to educate bitcoin as the freest investment without the control of other parties.

[GbitG]

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.

Hmm, I never heard that anybody said that Bitcoin is However, it must have been heard that Bitcoin is highly volatile and there is nothing else but loss from investing in it. Anyway, it is probably their ignorance and stupidity that they consider Bitcoin a scam.

Honestly, guys, you know what Bitcoin is, whether it is a scam or not. I think there will not be a single person on this forum who is not aware of the benefits of Bitcoin. And everybody knows that Bitcoin is not a scam, but there can be no more authentic thing than that.
Moreover, you all are witnesses to bitcoin and have also experienced its benefits.

So it means that those people who consider Bitcoin a scam are ignorant; they have not benefited from something as valuable as Bitcoin. A rare invention like Bitcoin has not happened in the history of finance so far. If it were a coin, why would so many people in the world adopt it and earn money by investing? Rather, this is the argument that Bitcoin is not a scam.

[Orpichukwu]

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 don't have to be worried; don't bother me any more. We can't expect everyone to accept whatever we accept; we all worship different religions; our faiths are different from each other; our beliefs are different from each other; what one likes and sees as the right thing might be the wrong one for the next person;

the issue of people seeing bitcoin as a scam; and all of that is not just based on misinformation because even most of those who are on the tech side and I believe know the true potential of the currency due to some personal reasons have been spreading fudz about the coin.
 
We just have to live with it, and everyone will not invest in bitcoin. Most people see everything only as a scam, not just bitcoin. Until those welcome reality and technological advancement into their lives, it will be hard for them to live in the modern age.

Get those surprises off your mind and take them for what they are. There will always be those who will never like bitcoin and see it for what it is. Even if you turn their heads into a memory circuit and transfer bitcoin knowledge into them, they will still choose to disagree.

[Viscore]

You know, we can't expect the people to believe the same thing that we opted to believe. We all have different points and views about bitcoin and what is right for us may be wrong for their own interpretation. And that's okay since bitcoin is not perfect as it should be. And these people will eventually learn the reality about bitcoin in time when the rest of the people are into bitcoin and there's only few left who believed in fiat.

But if we can educate them about bitcoin as early as today then it would be better. However, convincing them to stick with bitcoin and believe just like how we see bitcoin is another story. That could end up as a scam. And we are obviously do not want to scam them, but to open their eyes on the realities about bitcoin that they fail to understand because their minds are focus more on fiat.

[rachael9385]

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.

One of the reasons why many people are still behind bars is because they are too lazy to do their own research after getting some information from both legit and fake people. misunderstanding has led many people to stray more, especially those that fail to do their own research.
Bitcoin is a good means for investment and it can profit those that do their research and learn good strategies for them to hold for long. Some of those that fail to believe that Bitcoin is a good source of investment are being controlled by the government in one way or the other. They might also be scared, since when their government banned crypto-currency (Bitcoin) in their country, they might be scared of the government or lacking the knowledge of how to keep their privacy.

[Makus]

It is obviously annoying seeing that people tag cypto currency as scam, most especially the original of them all Bitcoin, most times I wander if some certain person are even ok, seeing with pure evidence what Bitcoin has offered to many life yet, they still tend to believe its a scam project that is about to crash in the next few months. Misinformation has lead to many conflict even in the early days when our fore father were never civilized, a piece of misinformed information could lead to war between two community. Same in the case of Bitcoin, the misinformation from other persons like president of a country has lead to the restriction of its adoption. They think, they are protecting their citizens, unknown to them that they are destroying the solution to their country's economy. I believe with time all will realize the mistake they made be fighting against Bitcoin network in the first place.

[Wakate]

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.

Education is always the key. A lot of us have been claiming that bitcoin is like this or like that, and that its a get-rich quick thing, and it turned out that everything we believe about bitcoin are not actually the facts since we never get the chance to do due diligence to research since we only rely on information coming from youtubers who have nothing to do but to hype bitcoin or to attack bitcoin negatively.

This was exactly like me way back before. However, when I enter the bitcointalk forum, I realized that I've been living with lies on bitcoin and maybe that's the reason that I fail to appreciate it. Bitcoin is the key to experience freedom from the shadows of the government. Bitcoin is our future. And with its decentralized blockchain, it's giving us the opportunity to use and invest bitcoin freely without the interruption of the government or from any third party or group.

The forum had really open our eyes to understand what Bitcoin is truly is and what is capable of doing. There people complaining that the mempool is conjested and it will take high fees for a transaction to be processed which is true but it good for us to understand why this is happening. There are so many benefits we can get from just be an investor or trader giving us the opportunity to make some reasonable profits from the market. We should be looking at the future of Bitcoin and what we tend to benefit as a contributor of the platform.

[Raflesia]

But if we can educate them about bitcoin as early as today then it would be better. However, convincing them to stick with bitcoin and believe just like how we see bitcoin is another story. That could end up as a scam. And we are obviously do not want to scam them, but to open their eyes on the realities about bitcoin that they fail to understand because their minds are focus more on fiat.

IMO this method is too classic I think because if in the end they are really interested in bitcoin without the need for us to invite them they will look for themselves so educating is actually even good but it also depends on the situation and conditions because educating someone about bitcoin we also have to see who we will educate.
Now the development of technology is very rapid there is no need to ask other people if you really intend to find out about bitcoin because with the internet and the desire to do research, things like this will be easy to get but when there are still many people who until now think bitcoin is bad then there is something going on where when they only follow the views of others about bitcoin in their environment or indeed have learned but the way they do it is wrong so that it makes them lose and consider this a scam.

[serjent05]

   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.

It is indeed ignorance as the reason why most people do not invest in Bitcoin but rather invest in Ponzi schemes and scams that uses Bitcoin as a front to lure people into their trap.  Worst this ignorance is paired with greed that makes them unable to think rationally and determine that the offer is too good to be true.

In the early years of Bitcoin in my country, many people are lured into a trap by these fraud companies.  This company uses Bitcoin trading as a front so that their members will get a fixed interest per week or day which blinds the investors because of huge returns.  Many of these investors especially those who are late to participate lost all their investment thinking that it was Bitcoin's fault that they lost their money and from then think Bitcoin was a huge scam.  But if we analyze, Bitcoin has nothing to do with it, and it was these fraud and scam companies that are responsible for these investors losses.

   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.

I agree, exercise caution and don't be blinded by greed.  Always verify if the investment scheme is legit or when it comes to Bitcoin, better to buy Bitcoin directly and hold it than participating in any companies Bitcoin investment scheme.

[Winterfrost]

I will not blame those persons that still think Bitcoin is scam. This is because there are a lot of crypto scams in the world entirely and the easiest and fastest way to receive payment form distance without a third party is by cryptocurrency especially Bitcoin as the pioneer.

Just the same way you go to know about Bitcoin and your previous view on it changed that is how others will. The widespread of Bitcoin knowledge and adoption is gradually coming into place and in no due time everyone will be using Bitcoin. I am predicting the future lol   and it is gradually happening.

[Sexylizzy2813]

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.

People who get this wrong information are those same people that doesn't want to hear anything concerning Bitcoin, they see it as scam because is something they know people use it to scam people of their money, and having fiat on the mix has already spoken their mind, the people need what they can be able to see and is like the reality to them. Believe me if you weren't that exposed to the crypto world you would have thought of Bitcoin to be a scam.

These days is hard to get the best information about Bitcoin, even the government are ready to make sure many people see Bitcoin as something bad that can eat their money in just a second. That's why you always hear of some countries that doesn't support the use of Bitcoin. This misinformation is just from the government and they're happy to make Bitcoin die off, but is not that easy.
With you doing some findings and research it really helped you alot, but if you hadn't, you would have been like those people who ignore things that are important.
And is best you spread all you know about Bitcoin to educate them but you talk less without enforcing it on them so that their mindset about you won't change completely, talk less and let them see something as proof, that way it will be easy to buy their heart.

[panganib999]

you dont need to bombard them in techno-speak straight away

years ago the quickest way i convinced people was to order pizza/fast food with it. and while answering questions the food would arrive, they soon realised it was an accepted currency, then they got more interested in knowing the techno-speak stuff

these days the quickest way is to tell them about established institutions like blackrock. and how they have invested billions into bitcoin with all their projects and services. just show them their application to offer ETF shares rated in stored bitcoin. explain how blackrock spent years looking into the technicals and seen its a valid asset

still a tricky way to introduce people to bitcoin in my opinion. Not a lot of people are aware of what blackrock is, even to those who are inclined into investing. The company for christ’s sake made it a point to not reveal themselves as the one pulling the strings in the background for decades now lol.

In any case I would agree with the rest of what you say, make it easy for them to grasp the concept of what crypto and bitcoin is by relating it to something they are very familiar with. In my case I used money in the bank, as well as retirement money for my old dog relatives who aren’t really interested in cryptocurrencies but are eager to know about it at the very least.

[jeraldskie11]

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.

I really appreciate your sacrifices and help to make other people learn about Bitcoin. I believe that you did it well, we just can't force them what their beliefs on Bitcoin. The most important here is that you are helping Bitcoin to change the mindset of people. We know that the art of teaching is really important since it helps to make people convince and make their closed minded open from years. If you feel that you need to improve your art of teaching, you can do, but we have to make sure that not only you are experiencing this.

As long as you did your best for Bitcoin it really appreciated, just never force them.

[libert19]

That's quite true, there is lot of misinformation about btc, even when myself learned about it for the first time, I thought it's some illegal thing, but I guess eventually one learns what reality is.

[traderethereum]

People don't want to look for more information about bitcoin because they still think that bitcoin will give them a scam. This is because there are still programs out there that make false promises to those who want to join in order to get big profits in a short time.

This makes them deceived by those programs and causes them to lose their money. That's what makes them still say that bitcoin is a scam.
In fact, if they were willing to look for more information, they would find it interesting that bitcoin is a long-term investment. Bitcoin is different from other investments they may have used.

But if they still don't want to learn more about bitcoin, that's up to them. We can only give them suggestions and then it will be their choice.

[Ayers]

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.

I really appreciate your sacrifices and help to make other people learn about Bitcoin. I believe that you did it well, we just can't force them what their beliefs on Bitcoin. The most important here is that you are helping Bitcoin to change the mindset of people. We know that the art of teaching is really important since it helps to make people convince and make their closed minded open from years. If you feel that you need to improve your art of teaching, you can do, but we have to make sure that not only you are experiencing this.

As long as you did your best for Bitcoin it really appreciated, just never force them.

The OP's intentions are good but I don't think the OP will be successful in educating people about bitcoin. I mean, bitcoin is an investment and we can only convince them if we achieve success in investing in bitcoin. And if we still don't get any success from our bitcoin investment then no one will listen to our explanation. Today's society is very pragmatic, you need to have evidence for what you say for people to trust you, otherwise, don't expect yourself to be able to enlighten anyone when you have nothing.

[pinggoki]

That's quite true, there is lot of misinformation about btc, even when myself learned about it for the first time, I thought it's some illegal thing, but I guess eventually one learns what reality is.

A lot of people are subjected to negative or misinformation about bitcoin because that's what sells the most for mainstream, misinformation and negativity. Can't blame people that experienced the same as you, in fact I admire you because people like you are in a way thinking for yourself and that people like you also decided to explore even though a lot of people around you are discouraging you from doing this, so to the people that are being too hard on themselves about the fact that they're once like that, don't be too hard because people like me admire you because that shows that there's character development. Now to what OP is concerned about, I think you not forcing them or being such a hard sell for bitcoin is the best route you can go to, you will know that the people that you're giving information about bitcoin are the people that will not easily fall prey to scams and such because they can think for themselves and they've decided to try it out for themselves out of the information that you've given.

[bettercrypto]

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.

Until now, Bitcoin has still been misunderstood by many people in different parts of the world. The only important thing is that we or you do not destroy the good understanding that we have seen in bitcoin.

Well, honestly, if they are relatives, I will just chat with my other cousins when they find out that Bitcoin's price value has increased again in the market, and they will ask me about it again. In short, they will buy Bitcoin when it is expensive.