Bitcoin and misinformation

[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.

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.

It's so true. Today's people want you to have proof to show them so they will believe what you say. Scamming is also widespread today, so we can't blame them for their behavior. Maybe those people that are so hard to believe have experienced a scam before. So if they want proof, just provide it.

There are scammers who can provide more proof than those who don't, so sometimes they are still confused if the proof is real or not. But even so, it's still gratifying because there are still people willing to learn about Bitcoin.

[Ale88]

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.

The fact that in 2023, almost 2024, there still are people who consider bitcoin a scam is kind of mind-blowing. Not only we have internet, now we even have AI, so if you really don't understand what bitcoin is and how it works just ask the AI and it'll do all the work for you. We live in a time where ignorance is a choice, if people want to live without learning ok, that's fine, at the end of the day not everybody can be smart.

[Z_MBFM]

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.

Who take bitcoin as a scam? It is certainly true that the first crypto coin was Bitcoin and Bitcoin itself is called the father of cryptocurrencies. the popularity of Bitcoin has led to the emergence of other coins. thats why it definitely can be called bitcoin as a father of cryptocurrencies.

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.

It's commendable that you've done deep research on Bitcoin and realized your misconception. But not only Bitcoin, but in any case, it is not right to falsely discuss any subject without gaining complete knowledge.

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 is definitely a good decision. yes Bitcoin is a thing where everyone is self motivated to invest so there is no need to force Bitcoin on anyone, it can lead to people having negative thoughts on Bitcoin as well as you as you mentioned

[Ayers]

snip

It's so true. Today's people want you to have proof to show them so they will believe what you say. Scamming is also widespread today, so we can't blame them for their behavior. Maybe those people that are so hard to believe have experienced a scam before. So if they want proof, just provide it.

There are scammers who can provide more proof than those who don't, so sometimes they are still confused if the proof is real or not. But even so, it's still gratifying because there are still people willing to learn about Bitcoin.

OP is not the only person I see trying to share and educate people about bitcoin after they realized what they were missing with bitcoin. But I think what they should do better is focus on themselves first instead of thinking about bigger things. Because if they have not had any achievements with bitcoin, sharing bitcoin with others will not bring the results they expect. Instead, they should find ways to improve their investments first, and then they will have enough confidence and enough evidence to convince anyone without too much difficulty.

[angrybirdy]

snip

It's so true. Today's people want you to have proof to show them so they will believe what you say. Scamming is also widespread today, so we can't blame them for their behavior. Maybe those people that are so hard to believe have experienced a scam before. So if they want proof, just provide it.

There are scammers who can provide more proof than those who don't, so sometimes they are still confused if the proof is real or not. But even so, it's still gratifying because there are still people willing to learn about Bitcoin.

OP is not the only person I see trying to share and educate people about bitcoin after they realized what they were missing with bitcoin. But I think what they should do better is focus on themselves first instead of thinking about bigger things. Because if they have not had any achievements with bitcoin, sharing bitcoin with others will not bring the results they expect. Instead, they should find ways to improve their investments first, and then they will have enough confidence and enough evidence to convince anyone without too much difficulty.

Sad but true, Once you educate a person, they will never believe you unless you have a proof of what you've accomplished in life or how bitcoin affects your life.  It's more like they want to see the reflection of bitcoin to yours before you convinced them that bitcoin is not a scam or what. So for me, it's better to focus in our own crypto journey than sharing it to others, I've done my part and it's up to them if they will going to believe me or not. It's easy for them to make a research, I dont want to spoonfeed others.

[fuguebtc]

snip

It's so true. Today's people want you to have proof to show them so they will believe what you say. Scamming is also widespread today, so we can't blame them for their behavior. Maybe those people that are so hard to believe have experienced a scam before. So if they want proof, just provide it.

There are scammers who can provide more proof than those who don't, so sometimes they are still confused if the proof is real or not. But even so, it's still gratifying because there are still people willing to learn about Bitcoin.

OP is not the only person I see trying to share and educate people about bitcoin after they realized what they were missing with bitcoin. But I think what they should do better is focus on themselves first instead of thinking about bigger things. Because if they have not had any achievements with bitcoin, sharing bitcoin with others will not bring the results they expect. Instead, they should find ways to improve their investments first, and then they will have enough confidence and enough evidence to convince anyone without too much difficulty.

Sad but true, Once you educate a person, they will never believe you unless you have a proof of what you've accomplished in life or how bitcoin affects your life.  It's more like they want to see the reflection of bitcoin to yours before you convinced them that bitcoin is not a scam or what. So for me, it's better to focus in our own crypto journey than sharing it to others, I've done my part and it's up to them if they will going to believe me or not. It's easy for them to make a research, I dont want to spoonfeed others.

We should still share bitcoin with everyone, but let's share selectively , only share with people who are really interested in bitcoin and listen to what we have to say instead of arguing or criticizing us. If we encounter these types of people , it's best to ignore them to avoid wasting time.

I also think it's true, life today is very pragmatic and we should prove ourselves before giving advice to someone to avoid wasting both of our time. As for me , I don't like recommending bitcoin to people because I prefer privacy over being bothered and I don't want to cause trouble for myself.

[Queentoshi]

I don't try to force it on anyone so they won't see me as a scam.[/b]

I will not care about people I do not know so much, but I will force the correct information to people who are close friends of mine and I know have the wrong information about bitcoins and what it really is. I cannot be their friend who is knows the benefit of bitcoins and is benefiting from it to now allow them to be misled, I will not be a good friend to allow that especially when I know that these my friends and close people just need a little effort of mine to be convinced. Some people with wrong information just need a little effort from you to change.

[GeorgeJohn]

The core reason why people think that Bitcoin is a scam is a lack of understanding. Not everyone understands the concept of Blockchain, some people hear the "chain" and think it's a cycle just like Ponzi while some others find something to read meaning into. However, the most recent and prevailing reason is fraudulent activities that go on with the help of Bitcoin (You can't blame Bitcoin, it's a currency, anyone can do what they want with it be it good or bad). Today there are a lot of scams out there and it's just too much that it obscures the view of newbies. All the hacking incidents that have happened are also a contribution somehow. So, for these reasons, many people just feel it is not a straight path and that it is a scam.

Those people who says bitcoin is a scam they know themselves and they have not make a proper research of bitcoin, whatever they said about a bitcoin is like information without evidence, so when you feel that bitcoin is a scam, then you ask yourself while bitcoin being a scam without a proper investigation of bitcoin, so right now we say that the people who is carrying out a propaganda concerning bitcoin been a scam is government personnel's because most of the countries does not allow bitcoin to operate as a legal tender.

[kentrolla]

Yes, There is no doubt that people still have wrong assumption about Bitcoin as some still thinks it's a Ponzi scheme wherein some thinks it as gamble but they are not the problem because it's purely due to lack of knowledge and exposure they think that way but the major problem are the users who knows about Bitcoin but they were reluctant to invest into it or adopt Bitcoin at the early stage hence they are not ready to accept the facts about Bitcoin and still term it as bubble.

The worst sort of misinformation is that some think Bitcoin will make you richer and assume that it was created as n investment medium but they need to understand it was created for financial freedom and later people use it as investment and Bitcoin has it's own uses. Because those who thinks it just as an investment medium will never understand why was it even made. only proper education and awareness can stop these misinformation.

[karabiber]

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.

It is very difficult to tell people something they have not seen and do not know. In this case, people cannot be expected to easily adopt what they are told. However, Bitcoin has been in our lives for almost fifteen years, and I think the recognition, development and spread of Bitcoin worldwide in fifteen years is not bad at all. Bitcoin has some principles that haven't changed since its inception and never will. Imagine fifteen years of wearing the same dress, wearing the same accessories, having the same hairstyle. Imagine that this dress has not deteriorated for fifteen years, and that the accessories have never worn out. Since the first day of its emergence, Bitcoin has continued its working life without stopping with the values it offers uninterruptedly. Bitcoin is a proven asset, but we still have some time before it is fully adopted in the world. We're only at the beginning.

[Mpamaegbu]

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.

Yeah, this situation in the disparity of everyone not being on the same page goes to buttress that aphorism in my (our) community – Whenever one wakes from their slumbers is their morning. You've to understand that there are also many that won't catch the drift even as you're trying to make them understand what Bitcoin is ATM until when the scales literally fall off their eyes. Those I won't bother wasting my time talking to about Bitcoin are those who won't even bother to try it out. It's a waste of precious time. Just move on. They will catch on at their own time and become the late bloomers we've in every discovery.

[legendbtc]

The worst sort of misinformation is that some think Bitcoin will make you richer and assume that it was created as n investment medium but they need to understand it was created for financial freedom and later people use it as investment and Bitcoin has it's own uses. Because those who thinks it just as an investment medium will never understand why was it even made. only proper education and awareness can stop these misinformation.

Don't you also invest in bitcoin for that reason? Whether Bitcoin was created as currency or investment, that is no longer important, what is more important is how it is used by us. And it cannot be denied that everyone here sees it as an investment that brings wealth, including you and me. So I don't see anything wrong or bad when people take advantage of its volatility to seek wealth for themselves.
I also don't know what bitcoin is, I joined because I wanted to make a profit, but the more I learned about it later, I realized it brings more benefits than just investing.

[Ryu_Ar1]

The worst sort of misinformation is that some think Bitcoin will make you richer and assume that it was created as n investment medium but they need to understand it was created for financial freedom and later people use it as investment and Bitcoin has it's own uses. Because those who thinks it just as an investment medium will never understand why was it even made. only proper education and awareness can stop these misinformation.

Indirectly, actually for this I do not consider that this is a mistake because after all it is indeed an investment medium as well as when saying that bitcoin can be used as a tool to make you rich it is also not a mistake, it's just that in this case it is not too precise when saying that this will provide instant wealth.
In perspective this is just an assumption of some new people who are here but indeed I think almost everyone who is here will assume the same thing at first but when their understanding is greater about bitcoin when they learn more then indeed words like this will be reduced because after all this needs a process in learning and getting to know more about bitcoin because when they start to understand more about bitcoin then their views on bitcoin will be different depending on how each perspective is.

[Timbulance]

Honestly, I wouldn't worry about it. Bitcoin isn't going anywhere.

BTCExactlyBTC

[KiaKia]

I know some people that are fully aware about how Bitcoin is profiting some people but they still believe that it's a scam, I do get this one sentence from most people, 'just because it's giving people money doesn't make it a scam free investment, they do say this using my local language and since I've seen how serious they are about this I zero my mind and in fact I stop teaching people about Bitcoin.

But lately because I was annoyed about the mentality of people that judge without doing their own research I ended turning someone away, someone i shouldn't have, and I believe that's why this person decided to risk things himself and he cost him a lot of money, he fell victim to scam. If I have just teach him about how to Buy Bitcoin and hold, he wouldn't become a victim to that scam.

Honestly,  bitcoin can be very complicated for beginners, it's not a business where someone can just teach you straight away, and its not also something that's been thought in the schools, so obviously people will believe that it's another scamming method, but why condemn something you know nothing about? Sadly this is very common among people this days.

[oktana]

The core reason why people think that Bitcoin is a scam is a lack of understanding. Not everyone understands the concept of Blockchain, some people hear the "chain" and think it's a cycle just like Ponzi while some others find something to read meaning into. However, the most recent and prevailing reason is fraudulent activities that go on with the help of Bitcoin (You can't blame Bitcoin, it's a currency, anyone can do what they want with it be it good or bad). Today there are a lot of scams out there and it's just too much that it obscures the view of newbies. All the hacking incidents that have happened are also a contribution somehow. So, for these reasons, many people just feel it is not a straight path and that it is a scam.

Those people who says bitcoin is a scam they know themselves and they have not make a proper research of bitcoin, whatever they said about a bitcoin is like information without evidence, so when you feel that bitcoin is a scam, then you ask yourself while bitcoin being a scam without a proper investigation of bitcoin, so right now we say that the people who is carrying out a propaganda concerning bitcoin been a scam is government personnel's because most of the countries does not allow bitcoin to operate as a legal tender.

No, that’s not true. Like I said in my reply, one of the core reasons is lack of understanding. These people do not know and they are just saying based on what they’ve heard or the superficial things they’ve seen (maybe around volatility). Before you got to know about Bitcoin, If your friend told you that Bitcoin is a scam and he lost his money, just because you know him, you’re gonna have the same mindset. Hence, his lack of understanding is what will keep you from the truth.

[nurilham]

We should still share bitcoin with everyone, but let's share selectively , only share with people who are really interested in bitcoin and listen to what we have to say instead of arguing or criticizing us. If we encounter these types of people , it's best to ignore them to avoid wasting time.

I also did this way, I only share any information about crypto or Bitcoin to the people who are really interested in it. If the people aren't serious and seems not really interested in Bitcoin, surely it is better to ignore them because they will never care about Bitcoin. They will always claim Bitcoin as a scam although we show the real fact about Bitcoin. It is because they only view the Bitcoin from the bad (negative) side. They never try to view Bitcoin from a positive side and they have no intention to know the reality (fact) about Bitcoin.

We only waste time with the people who aren't serious to know Bitcoin. Don't debate with them because they will never try to understand the truth!!

[Forever101]

Every technology has its generation, the generation ahead of us will find it difficult to accept bitcoins since they are sticked to their former way of investment. Telling them about bitcoins is just like introducing foreign element to their system. But the fact about bitcoins is that, it is difficult for a newbie to understand the working mechanism, no humans cares only about making money but love to understand it's technicality to be more sure and give their trust to the process

[GbitG]

We should still share bitcoin with everyone, but let's share selectively , only share with people who are really interested in bitcoin and listen to what we have to say instead of arguing or criticizing us. If we encounter these types of people , it's best to ignore them to avoid wasting time.

We only waste time with the people who aren't serious to know Bitcoin. Don't debate with them because they will never try to understand the truth!!

This is absolutely true: we don't need to waste our time with those people who don't know about Bitcoin, what it is, and what the main aim of this is. Because if we told them thousands of times every once, they would call it sccame or blah blah. They didn't know what the purpose of the Bitcoin invention was.

The fact is that they are not aware of what Bitcoin actually is, how it can be earned by investing in it, and how it can benefit. But in my opinion, it has become old-fashioned to say that Bitcoin is a scam. When Bitcoin created a new ATH in 2021–22, the whole world accepted that nothing good could happen from Bitcoin. Before that, people also said the same thing. We were that Bitcoin is nothing but a scam, but when Bitcoin made its new ATH, the first people who had this objection started investing. Said

So the meaning of the saying is that you should not waste your mind and time on these people, but you should leave them on their own and think about yourself. How can I get better knowledge and become rich by investing more? Become one because Bitcoin is not only a technology but also a better investment asset.

[Assface16678]

Every technology has its generation, the generation ahead of us will find it difficult to accept bitcoins since they are sticked to their former way of investment. Telling them about bitcoins is just like introducing foreign element to their system. But the fact about bitcoins is that, it is difficult for a newbie to understand the working mechanism, no humans cares only about making money but love to understand it's technicality to be more sure and give their trust to the process

Also, it's normal that if something is new to a certain person or to the crowd, they will be hesitant about it or have speculation about it without fully knowing what it is. You're right, it's like a foreign thing to them, and anything foreign or new tends to be scary or suspicious for almost all people. But what they lack is understanding and knowledge about bitcoin or crypto currency. The internet only worsens the image of bitcoin for those who are newbies in this field.

That's why information and advertising for bitcoin or crypto currency are very important and impactful. With more advertising, many people will be interested in this field, but of course, with the right advertising, we need to educate them about the whole purpose of bitcoin and crypto currency. In that way, they can utilise the opportunities that bitcoin can give, and in that way, bitcoin will become more known and become more popular in the mainstream.