Common misconceptions about Bitcoin.

[jaberwock]

the question is how do we tackle this misconceptions?

The network kind of tackles it itself, i mean, some people have been waiting for the bubble to bust, they have been waiting for the network to collapse all these years, but none of that has happened, even the government now knows that BTC is here to stay, and they are now trying to regulate it and some are even campaigning with it.

However, if you know people who believe in some of these misconceptions, you can try to educate them, but that is if you yourself have enough knowledge to do that.

I think it's not us or the network is the ones that will do that but it's them who think negatively in Bitcoin. For those people who are lately been convinced that what they think is wrong or won't happen, I think they are also observing BTC from time to time or they are not totally against it, while for those who aren't like that, they will instantly walk away and won't look back anymore no matter what even if they saw that people around them are also into BTC now. No one knows the future even the government but only god knows. Anything seen in this world even BTC that are now healthy do have a chance to disappear one day but let's only for the best of all shall we?

[famososMuertos]

Perhaps it's a matter of jargon here, it misconceptions what you mention in your context are deductions based on personal criteria.

Regarding the price or volatile behavior of bitcoin, not even the most erudite conceptual users can predict behaviors, much less attribute real effects of volatility.

[Orpichukwu]

I knew once that he doesn't really know much about Bitcoin so I decided to back out of the argument.
Misconceptions like this are merely caused by lack of education (Bitcoin related) and sometimes education in general.
There even might be people in this forum who have similar misconceptions, the question is how do we tackle this misconceptions?

Most times, the main issue is not really those people being misinformed, but it's their ignorance that makes them think the way they think, because one can't just wake up and draw conclusions about something over little things that they have read about it without even making a proper investigation and consultation on how it works.

Even if you try to educate them on how what they are arguing about really works, they will still don't want to listen. Do you consider such people to be uneducated about bitcoin or ignorant?

[Zoomic]

I knew once that he doesn't really know much about Bitcoin so I decided to back out of the argument.
Misconceptions like this are merely caused by lack of education (Bitcoin related) and sometimes education in general.
There even might be people in this forum who have similar misconceptions, the question is how do we tackle this misconceptions?

Most times, the main issue is not really those people being misinformed, but it's their ignorance that makes them think the way they think, because one can't just wake up and draw conclusions about something over little things that they have read about it without even making a proper investigation and consultation on how it works.

Even if you try to educate them on how what they are arguing about really works, they will still don't want to listen. Do you consider such people to be uneducated about bitcoin or ignorant?

I have met quite a lot of people who have different opinions about bitcoin.  Most of this unverified opinions can be really annoying but that is their opinion and i won't force them to change how they  feel about bitcoin.
This is one of the reasons I do not bother convincing anyone to invest in bitcoin. A lot of people are so ignorant that they will only agree to invest in bitcoin because they believe it will make them rich quickly and that is the only information they know about bitcoin. This kind of people will come back blaming you if you eventually convince them to invest against their will. Convincing ignorant people who do not really want to be educated on what bitcoin truly is will be a total waste of time therefore, it is best to let them be inorder to save yourself from further stress.

[naira]

There even might be people in this forum who have similar misconceptions, the question is how do we tackle this misconceptions?

There are always two opposing camps, in our camp that clearly considers bitcoin everything including security and others, but for the other camp, especially the adherents of centralization, they consider bitcoin as a threat. Not a few governments are against bitcoin because of its anonymous nature, it cannot provide benefits to the state treasury. I will not correct what is considered a misunderstanding from one party because it will only end up at the same point. It is better to let them find it themselves over time and it is proven by the many countries, institutional investors, etc. who are finally pro bitcoin without having to be asked.

[Egii Nna]

>>They are so many misconceptions about Bitcoin, if I should start mentioning I could end up being bored while typing. The list goes on and on.
I had an argument with a friend just yesterday, who seemingly believes that Bitcoin is being controlled by a single entity and Bitcoin is not secure.
He said a lot to back his claims which although I can't remember his pin points though.
I knew once that he doesn't really know much about Bitcoin so I decided to back out of the argument.
Misconceptions like this are merely caused by lack of education (Bitcoin related) and sometimes education in general.
There even might be people in this forum who have similar misconceptions, the question is how do we tackle this misconceptions?

There is no other way of tackling something than to let the person know the advantages of bitcoin. You will let him know how useful bitcoin is and how it can help people, including him, if he believes in what you explain to him because that is the reason why he keeps arguing with you because of the knowledge he lacks, so you will be the one to let him understand, although people that have this type of mind set towards bitcoin may continue to see it this way, so most of the time you will allow them to be because you can't change their mind set towards bitcoin.

[LDL]

>>They are so many misconceptions about Bitcoin, if I should start mentioning I could end up being bored while typing. The list goes on and on.
I had an argument with a friend just yesterday, who seemingly believes that Bitcoin is being controlled by a single entity and Bitcoin is not secure.
He said a lot to back his claims which although I can't remember his pin points though.
I knew once that he doesn't really know much about Bitcoin so I decided to back out of the argument.
Misconceptions like this are merely caused by lack of education (Bitcoin related) and sometimes education in general.
There even might be people in this forum who have similar misconceptions, the question is how do we tackle this misconceptions?

You can never single-handedly tackle such a large undertaking because it is a global issue. There is no way you can make people who are not interested in gaining any knowledge about Bitcoin aware about Bitcoin and you cannot highlight all these mis-conceptions in them. Those who believe in paper money i.e. hard money and are totally dependent on the banking system, you can never alert them to the misconceptions of Bitcoin and they will never try to understand. For them the banking system is above all and they do not trust any financial system outside of it.

[Casdinyard]

>>They are so many misconceptions about Bitcoin, if I should start mentioning I could end up being bored while typing. The list goes on and on.
I had an argument with a friend just yesterday, who seemingly believes that Bitcoin is being controlled by a single entity and Bitcoin is not secure.
He said a lot to back his claims which although I can't remember his pin points though.
I knew once that he doesn't really know much about Bitcoin so I decided to back out of the argument.
Misconceptions like this are merely caused by lack of education (Bitcoin related) and sometimes education in general.
There even might be people in this forum who have similar misconceptions, the question is how do we tackle this misconceptions?

Biggest one is that this gig's gonna make them rich, to the point of lambos and million dollar yachts. While that is a thing of the past here, and some of the people who advertise crypto investing is also to blame for this fake notion it's time that people realize this is not meant to replace your 9-5. At best what bitcoin could do, like most investments are, is to allow you to have another facet of income that doesn't eat away at your life or your time, cause you can basically just invest, and wait for the bull run or maybe even a random price pump to happen, without having to watch it closely (although of course keeping a close eye still pays). Fortunately we're able to beat one of the biggest misconception about bitcoin in a span of a few years which is that bitcoin's an MLM or a Ponzi Scheme, meant to siphon money off of those at the bottom while the top whales are getting fatter and fatter.

In your case however, the best way to tackle these types of situation is just sitting it out and letting the other guy realize for himself that he's wrong. Nothing better than doing nothing and still being able to change their minds, and what's even better, you don't get to be blamed for everything when shit does go down and they lose their money.

[tottong]

There even might be people in this forum who have similar misconceptions, the question is how do we tackle this misconceptions?

When you argue with an stupid people there is no justification that we can give because they are stupid people.
But the way to overcome misconceptions about bitcoin is to not argue with them.
All the information is available on social media and they just need to learn about it to know. But because they don't want to know so they have no knowledge at all about bitcoin that they can draw conclusions from.

Explaining something that is unknown is complicated because they will never know and never understand it. This explanation will never help them because basically they themselves never want to know about Bitcoin, so forget about them and just focus on the investment we are running.

[dezoel]

We don't need to tackle anything, let them be with their thoughts and ideas if they think they are correct. They will understand their mistake one day and then they will regret it, we have nothing to lose in this, it's their loss if they are too lazy to do some research before spitting shit out of their mouths. It's not that hard to do a simple Google search if you want to know whether your knowledge about something is correct.

Not only about Bitcoin or cryptocurrencies, but generally when I see someone having wrong information about something while behaving and talking like they know everything about it, I stay silent instead of trying to correct their stupidity because I know they wouldn't understand. It will turn into an argument and arguing with stupid people is stupidity.

So whenever you meet such people, whether it's a friend or a relative or a complete stranger, try to correct them at first, but if you see that they are not ready to understand, just leave them with their thoughts.

[knowngunman]

Mostly the naysayers are people who get scammed over their own stupidity like buying shitcoins, invest in ponzi scheme, paying fee to unlock reward in fake CEX etc and some of them never buy Bitcoin at all.

This is one of the misconception about bitcoin as well. Most people who have no knowledge about cryptocurrency often mistakes bitcoin and cryptocurrency to be the same. They can not differentiate between the two and when they invest in other cryptocurrencies, they see it as bitcoin investment. When they lose the money to failed projects or probably being scammed, they attribute the blame to bitcoin. Ignorance is the primary cause of this misconception and some of them are not ready to seek knowledge and liberate themselves from having such beliefs.

>>They are so many misconceptions about Bitcoin, if I should start mentioning I could end up being bored while typing. The list goes on and on.
I had an argument with a friend just yesterday, who seemingly believes that Bitcoin is being controlled by a single entity and Bitcoin is not secure.
He said a lot to back his claims which although I can't remember his pin points though.
I knew once that he doesn't really know much about Bitcoin so I decided to back out of the argument.
Misconceptions like this are merely caused by lack of education (Bitcoin related) and sometimes education in general.

First of all, you don't need to engage in an argument with people over bitcoin especially if you know you can not win against them due to your limited knowledge about the technology. You might end up doubting yourself if they present better arguments than you with their misleading beliefs. If care is not taken, you might also begin to lose interest in bitcoin. It is good you back out from the argument but it would have been better if you didn't involved yourself in it in the first place.

By the way, can you remember some few things he said about bitcoin being controlled by a single entity? What is the entity controlling bitcoin? And the instances that prove insecurity of Bitcoin as well. The answer to these questions will help to know the right responses you ought to have given him and discredit his misconceptions.

[Woodie]

The number one misconception I have heard and seen all over social media is the get rich quick scheme, where people are invited to invest X amount and get a return of a 1000 more back which is a scam of the century and far from what Bitcoin or crypto is about...and usually scammers are able to pull this off because people out there are desperate for answers and think crypto currency is about free money that you just download from somewhere..

There even might be people in this forum who have similar misconceptions, the question is how do we tackle this misconceptions?

When you argue with an stupid people there is no justification that we can give because they are stupid people.
But the way to overcome misconceptions about bitcoin is to not argue with them.
All the information is available on social media and they just need to learn about it to know. But because they don't want to know so they have no knowledge at all about bitcoin that they can draw conclusions from.

Misconceptions mean someone is on the wrong path and need the guidance to be put on the right track, watching someone do the wrong thing while you know something can be done is selfishness if you ask me...but hey we all entitled to our choices.

[Rockstarguy]

He said a lot to back his claims which although I can't remember his pin points though.
I knew once that he doesn't really know much about Bitcoin so I decided to back out of the argument.
Misconceptions like this are merely caused by lack of education (Bitcoin related) and sometimes education in general.
There even might be people in this forum who have similar misconceptions, the question is how do we tackle this misconceptions?

Since the existence of bitcoin it is common to see different misconceptions about bitcoin and people with these doubts always claim what they know or think is the right thing. One common thing about people with misconceptions about bitcoin is that you can't really change or correct them of their misconceptions and it will be a waste of time trying to make them have the real sense of what bitcoin is. When I come across people like this I don't really blame them  the way they think but I understand that the reason for their misconceptions is because of lack of knowledge but some people still choose not to be wise after several research have been made and even after time might have them wrong.
I dont even stress myself to try to prove a point for those who don't understand what bitcoin is because trying to prove a point won't even make any difference because some of these people are very skeptical and stick to what they believe.

[Bloodseekers]

>>They are so many misconceptions about Bitcoin, if I should start mentioning I could end up being bored while typing. The list goes on and on.
I had an argument with a friend just yesterday, who seemingly believes that Bitcoin is being controlled by a single entity and Bitcoin is not secure.
He said a lot to back his claims which although I can't remember his pin points though.
I knew once that he doesn't really know much about Bitcoin so I decided to back out of the argument.
Misconceptions like this are merely caused by lack of education (Bitcoin related) and sometimes education in general.
There even might be people in this forum who have similar misconceptions, the question is how do we tackle this misconceptions?

There is no other way of tackling something than to let the person know the advantages of bitcoin. You will let him know how useful bitcoin is and how it can help people, including him, if he believes in what you explain to him because that is the reason why he keeps arguing with you because of the knowledge he lacks, so you will be the one to let him understand, although people that have this type of mind set towards bitcoin may continue to see it this way, so most of the time you will allow them to be because you can't change their mind set towards bitcoin.

If the person really wants to know the truth then they will find out the truth and also they can find out from those who already have a good understanding of Bitcoin because telling those who are wrong in understanding Bitcoin is certainly useless when they themselves do not want to find out the truth about Bitcoin and it happened because of their own mistakes and only they themselves can fix it.

At present, there are many people who understand Bitcoin and can make a profit from trading and investing, and even those who previously considered Bitcoin as something that was not profitable for them, after studying and doing research, they will use it as an asset that they invest in for their future.

[Samlucky O]

>>They are so many misconceptions about Bitcoin, if I should start mentioning I could end up being bored while typing. The list goes on and on.
I had an argument with a friend just yesterday, who seemingly believes that Bitcoin is being controlled by a single entity and Bitcoin is not secure.
He said a lot to back his claims which although I can't remember his pin points though.
I knew once that he doesn't really know much about Bitcoin so I decided to back out of the argument.
Misconceptions like this are merely caused by lack of education (Bitcoin related) and sometimes education in general.
There even might be people in this forum who have similar misconceptions, the question is how do we tackle this misconceptions?

You would have as well provide an information concerning his thoughts or misconception about bitcoin for us to know what to say atleast. What you really don't understand about humans is that everyone must not think thesame way. There is always an opposition to anything in life, people must disagree to agree. Even the most simplest thing for you may be the most difficult for someone else, so sometimes the best thing to do when you are in middle  of a meaningless conversation is to keep quiet because " you can't continue to fight with a pig , because pig gat nothing to lose" it always enjoy rubbing itself in the mud.

For me I don't have time trying to prove a point to someone who has already nurtured his or her mind with a negative vibe. Because instead of such person to learn and take correction, he/she will like to influence you negatively. And that is the last thing I will do. Investment in bitcoin is by choice not by force and I will not force anybody to agree with me about how important I see bitcoin.

[Smack That Ace]

There even might be people in this forum who have similar misconceptions, the question is how do we tackle this misconceptions?

When you argue with an stupid people there is no justification that we can give because they are stupid people.
But the way to overcome misconceptions about bitcoin is to not argue with them.
All the information is available on social media and they just need to learn about it to know. But because they don't want to know so they have no knowledge at all about bitcoin that they can draw conclusions from.

Misconceptions mean someone is on the wrong path and need the guidance to be put on the right track, watching someone do the wrong thing while you know something can be done is selfishness if you ask me...but hey we all entitled to our choices.

This depends because there are stubborn people who don't like to listen to others' explanations, refuse to admit they are wrong and always think they are right. We don't need to waste time explaining or arguing with stubborn people. Meanwhile, for those who are open, eager to learn and willing to listen to others to improve themselves, it is true that we should spend time with them.

But so far I believe that the majority of people who hate bitcoin are stubborn because knowledge about bitcoin is abundant on the internet. If they really want to know about bitcoin, they can search for answers themselves instead of waiting for others to help them.

[Dr.Bitcoin_Strange]

also some set of them who still retain those hatred for Bitcoin and they will continously try to prove their point to others but if anyone could be smart enough to not just accept what he/she heard and try to carry out further researches, only then can we clear those misconceptions.

Sometimes too, those people who have these misconceptions about Bitcoin actually need someone to help re-educate them and explain to them why Bitcoin is not bad the way they think, but they don't have the opportunity to meet those eloquent Bitcoiners that can educate them again about Bitcoin. Some people are so reluctant to do personal research for themselves; they rely on spoon-feeding information, and if there's no one to feed them with the right knowledge about something, they can just live on with the wrong perception about it.  So, the reason why some people will live with those misconceptions is because they have  not meet someone with the right knowledge of Bitcoin to educate them.

[CageMabok]

When you argue with an stupid people there is no justification that we can give because they are stupid people.
But the way to overcome misconceptions about bitcoin is to not argue with them.
All the information is available on social media and they just need to learn about it to know. But because they don't want to know so they have no knowledge at all about bitcoin that they can draw conclusions from.

I also agree more with your opinion on this one because usually fools will also not want to accept the truth from other people with various reasons that they have. So if we have met such a person, it is better not to argue with him immediately, but try to give him bait such as showing the level of profit someone has obtained by having Bitcoin because if we encourage fools to buy Bitcoin with a level of knowledge that is not there at all, it will also be very difficult and he will definitely tend to back down with a thousand reasons of his own.

[Wakate]

>>They are so many misconceptions about Bitcoin, if I should start mentioning I could end up being bored while typing. The list goes on and on.
I had an argument with a friend just yesterday, who seemingly believes that Bitcoin is being controlled by a single entity and Bitcoin is not secure.
He said a lot to back his claims which although I can't remember his pin points though.
I knew once that he doesn't really know much about Bitcoin so I decided to back out of the argument.
Misconceptions like this are merely caused by lack of education (Bitcoin related) and sometimes education in general.
There even might be people in this forum who have similar misconceptions, the question is how do we tackle this misconceptions?

Maybe you should take a look at your topic and what you have written so far. You write "Common misconception about Bitcoin" and I was waiting to see the list of the misconceptions and I am surprised that you have nothing to write about your title. You are your friend had an argument about Bitcoin, you cants even tell us what the argument is all about. The tittle is absolutely misleading and I think you just adjust next time because I was very curious to know what the misconceptions about Bitcoin could be but to surprised with nothing. You just have to emphasize on something better next time.

[CoinFoxs]

>>They are so many misconceptions about Bitcoin, if I should start mentioning I could end up being bored while typing. The list goes on and on.
I had an argument with a friend just yesterday, who seemingly believes that Bitcoin is being controlled by a single entity and Bitcoin is not secure.
He said a lot to back his claims which although I can't remember his pin points though.
I knew once that he doesn't really know much about Bitcoin so I decided to back out of the argument.
Misconceptions like this are merely caused by lack of education (Bitcoin related) and sometimes education in general.
There even might be people in this forum who have similar misconceptions, the question is how do we tackle this misconceptions?

Bitcoin is totally decentralised digital currency and there is no central power who controls bitcoin so no one can steal your bitcoins if you store them in wallets. Yes from exchanges you assets can be stolen but only when the exchange stops their operations but they send notifications before shutting their exchange so you can transfer your assets to wallet or another exchange.

Bitcoin is safe and secure but only if when you buy, sell or hold bitcoin without the involvement of any third party, people only got scammed when the broker or third party involves in any deal.