Why most people think Bitcoin is probably wrong

[God Tim]

‎Many people since they did not get the right concept of Bitcoin and take it in the wrong way. They do not have the right knowledge and misunderstanding Bitcoin. Due to the scams that happened in the society very often, people believe Bitcoin is a method of scam and used by criminals which is totally wrong. Bitcoin is just like a part of the Internet that is concerned with money in the digital Way the problem way people are afraid to go into it is that scammers use it as a great opportunity to cheat people.

‎People also see Bitcoin as a quick and fast way of becoming rich, they rush into it without studying it first which is another wrong idea. They think they will make fast money not knowing that they can lose because the price of Bitcoin rises and falls. It will need lots of patience and understanding not greediness that pushes some people . There is an idea some people have that in the absence of cash, Bitcoin is an alternative which is a wrong motive it does not work like that Bitcoin is still growing and coming up many people and countries are still learning, knowing and studying how it can be used effectively and probably.

‎Meanwhile on the positive part of Bitcoin, it gives people control over their own money in place where there are no reliable banks, there is an alternative of Bitcoin which provides a means for people to send money to any person in the world without going through lots of stress it is very helpful and efficient in my understanding I didn't see Bitcoin as something that is wrong or bad the actual problem is lack of understanding and knowledge when the basic concept are learnt by people they with know that Bitcoin is actually a useful tool for the future and not something to fear or be afraid of as is not scam.
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[IceLincoln]

 “People who think bitcoin is wrong probably have no idea about bitcoin and that is certain. Your explanations and even the topic is a little bit off,….
If I’m a Newbie I might not understand most of what you’re trying to say here.
It’s with my little knowledge I’m trying to pick out one or two things from here.
Bitcoin is not also a tool for scammers….. the population of decent users is more than that of supposedly scammers.
Just like every thing money, there will always be those planning to cheat others, it’s not caused by bitcoin itself but the greed and wickedness of people.

[Creeper0]

Most people do not know what Bitcoin is and what is its function? That is why I do not see most people commenting on Bitcoin. However, there are some people who know Bitcoin partially and with this partially incomplete knowledge, they make negative comments about Bitcoin due to not knowing the correct use of Bitcoin. The blame they try to impose on Bitcoin reveals the ignorance of a person.

In this propaganda of Bitcoin, politicians are sometimes seen, who never want to see Bitcoin become popular in the country, because this popularity on Bitcoin may one day become a big obstacle in their path of corruption. Moreover, those people who fail by using Bitcoin as a means of earning money quickly, those people keep making negative comments in the name of Bitcoin.

[AVE5]

If you've such person's claiming to be bitcoin enthusiasts and as results of their trust issues with the technology they finds it as an excuse, such person will always be at their very courts to take their decisions and the delaying to buy bitcoin at the times you had the opportunity to buy and you didn't because of convincing yourself out of rumours and your skepticism with the risks of technology and decentralization, you'll definitely regret being biased.

‎Many people since they did not get the right concept of Bitcoin and take it in the wrong way. They do not have the right knowledge and misunderstanding Bitcoin. Due to the scams that happened in the society very often, people believe Bitcoin is a method of scam and used by criminals which is totally wrong. Bitcoin is just like a part of the Internet that is concerned with money in the digital Way the problem way people are afraid to go into it is that scammers use it as a great opportunity to cheat people.

Non financial system is scam free.
If you don't buy bitcoin because it has scamming news with vulnerability of careless users loosing their funds, don't forget your wallet, privacy and security lies by how you handles your wallet.
Moreover, the banks faces scams issues too. So looking at this this way too you won't need to have money or financial values because every monetary systems seems corruptible with no 100℅ security guarantee.
So don't expect it in the bitcoin just because it's decentralized snd digitalized.

[RockBell]

Most people with there own idea and some of them are just scared of losing money and when the u begin to invest then they will start understand that this is one of the best interests the only thing that you need to know and do is just to trust the system and then invest and when you do that, then that is the only way that other things can come from you because you will know how it works and many more they just need to know and trust the system and remove fear because a lot of times that is what is happening to them and only when you fully know then you can recommend.

[Yablee0]

‎Bitcoin is just like a part of the Internet that is concerned with money in the digital Way

Bitcoin a part of the internet you say?  in what way, I don't understand? Or you were trying to say Bitcoin is a digital asset that is decentralized in nature and also very volitile so to speak. However, Bitcoin has served as a store of value and it  has saves us from inflation especially now that our local currency is lossing  value almost on a daily basis. Furthermore, Bitcoin investment is a welcome development that has transformed the life's of so many investors that took advantage of opportunity when available, and even as we speak a serious person can still start now to invest and in a couple of years he will be made for life.

‎People also see Bitcoin as a quick and fast way of becoming rich, they rush into it without studying it first which is another wrong idea. They think they will make fast money not knowing that they can lose because the price of Bitcoin rises and falls.

Seeing Bitcoin from that angle is a red flag and I consider such investor as a trader that is only interested in Bitcoin investment just to take quick profits and walk away at will. Moreover Bitcoin is not a get rich schemes just as many has always thought so measuring it to be a normal shit coin is very wrong and can be misleading. However, if you're more experienced on how this things work you will know that Bitcoin is more profitable on a long run and their is no short way around it. However, for those aspiring great in their investment journey they should be rest assured to follow due process by investing from their discretionary funds, hold at least 4-10 years or even more to get the full benefits of what they have laboured for over the years.

[Itz-prisigold]

I believe that the majority of the population misunderstands Bitcoin because they quickly judge it without knowing the functionality of Bitcoin. To me,  it cannot be simply seen on the surface and a solid opinion can be made. Many of the people will respond according to what they hear about Bitcoin,  more especially the bad news without bothering to learn things about it first.

The other observation I have made is that people are treating Bitcoin as something that would generate immediate outcomes. When that does not occur,  they call it a scam or say that it does not work. However, such an attitude is the issue, not Bitcoin, to me.

I also believe that most people are not aware of the responsibility that comes with the usage. It is not like the traditional systems where you have someone that can correct your mistake. I view Bitcoin as an instrument at the end of the day, when you know how to use it, it can be helpful. Otherwise,  you can easily misinterpret it.

[Crakryptvest]

I believe that the majority of the population misunderstands Bitcoin because they quickly judge it without knowing the functionality of Bitcoin. To me,  it cannot be simply seen on the surface and a solid opinion can be made. Many of the people will respond according to what they hear about Bitcoin,  more especially the bad news without bothering to learn things about it first.

The other observation I have made is that people are treating Bitcoin as something that would generate immediate outcomes. When that does not occur,  they call it a scam or say that it does not work. However, such an attitude is the issue, not Bitcoin, to me.

I also believe that most people are not aware of the responsibility that comes with the usage. It is not like the traditional systems where you have someone that can correct your mistake. I view Bitcoin as an instrument at the end of the day, when you know how to use it, it can be helpful. Otherwise,  you can easily misinterpret it.

It is easy for people to criticize what they don't know but that's ignorance in action, criticizing a system when you know nothing about it means that such persons is not ready to make his own research about what he think that's true, there many reasons people see Bitcoin from a wrong side, let's flash back a bit, if you can remember the time of ponzi scheme that made many people poor today, some of those that has negative feelings about Bitcoin might be doing that as a result of what they went through in the hands of those developers but when they got it all wrong is that, they are supposed to make their won research, search engines are there if they really want to know, although there people that may not even have much reason to present, they don't just like it maybe because they think that it is scam or whatever.

[Dr.Bitcoin_Strange]

‎Meanwhile on the positive part of Bitcoin, it gives people control over their own money in place where there are no reliable banks,

Whether there's a reliable bank or not, Bitcoin remains a coin that gives users the privilege to have controls of their money because of its decentralized nature, but banks are centralized organizations which handles our personal information and transactions too. The banks takes instructions from higher authorities they can freeze customers account if they are asked to do so but Bitcoin is decentralized and allows you control your money.

[fredericktaylor]

Most people with there own idea and some of them are just scared of losing money and when the u begin to invest then they will start understand that this is one of the best interests the only thing that you need to know and do is just to trust the system and then invest and when you do that, then that is the only way that other things can come from you because you will know how it works and many more they just need to know and trust the system and remove fear because a lot of times that is what is happening to them and only when you fully know then you can recommend.

Yes, When an investor starts investing without having a proper understanding of Bitcoin, he is always in a state of panic, the investor does not know exactly how to reduce the investment risk by purchasing Bitcoin and how to get profit from Bitcoin in the long term. When an investor buy Bitcoin for a short period of time with the mindset of getting rich quick, the risk of losing money increases manifold. A person does not need to have much knowledge to start investing in Bitcoin, basically having a basic understanding of Bitcoin is very important, along with discretionary money is very important.

When an investor starts buy Bitcoin in small amount consistently, their knowledge and confidence about Bitcoin gradually increase, making it easi to hold Bitcoin in the long term. When an investor buy Bitcoin consistently with the right knowledge, has a long-term plan, and confidently hold Bitcoin during market volatility and wait for better times, the investor can expect to make long-term profits from Bitcoin.

[Marvelockg]

‎. Bitcoin is just like a part of the Internet that is concerned with money in the digital Way the problem way people are afraid to go into it is that scammers use it as a great opportunity to cheat people.
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Why don't you try to understand what bitcoin actually is and why some have refused to get invested in it before you try giving your opinion which clearly shows you're not spewing out fact. In some instances, scammers have made use of bitcoin for Thier activity but that's not just peculiar to bitcoin, all the countries of the world have thieves and kidnappers and wether such country adopt bitcoin or not, these unruly elements still find a way to extort or take up random in the form of fist or an available means. What does that now tell you,? Bitcoin in itself has more advantage than disadvantages. It's only with regard the way it's being used that makes the difference.

[SPIDERMAN008]

There will always be some people who will stay opposite ever in everything . Even if bitcoin becomes the world's most popular international digital currency one day, there will still be some people who will oppose it. However, this number will decrease with time. At some point, people will come back to reality.

They learn to judge good and bad things. They will choose whichever is more convenient and safe for them. That is why the popularity of bitcoin is increasing day by day. And most people consider the volatility of bitcoin's price a problem.

But with time, people will also accept it easily. People will learn to understand that this is the fundamental thing of bitcoin, which has been there since the beginning and will continue to be there in the future.

[Chilwell]

Most people do not know what Bitcoin is and what is its function? That is why I do not see most people commenting on Bitcoin. However, there are some people who know Bitcoin partially and with this partially incomplete knowledge, they make negative comments about Bitcoin due to not knowing the correct use of Bitcoin. The blame they try to impose on Bitcoin reveals the ignorance of a person.

In this propaganda of Bitcoin, politicians are sometimes seen, who never want to see Bitcoin become popular in the country, because this popularity on Bitcoin may one day become a big obstacle in their path of corruption. Moreover, those people who fail by using Bitcoin as a means of earning money quickly, those people keep making negative comments in the name of Bitcoin.

Our leaders are just doing that deliberately just to scare people away from it because they really know what it turned someone, and they don't want to see that in us that is why they continue to call it names and it's like they are succeeding but I know one day it will all bounce back, because by the time the suffering continue in Nigeria everybody will start looking for a way to survive and that is when they will realized that bitcoin is surely the way.

Despite the scary from our politician they are also involved because it helps them in looting our money, at least Nigeria should learn from other countries take for instance El Salvador, currently there are doing well and also make it as a course in their educational Institute, and I don't see any negative impact from it. At least Nigeria government should go their and find out for themselves.

[DiMarxist]

Anything that you have no idea and understand in detail the probability of misunderstanding it will be there, and so when talking about such a thing there is high tendency that you are going to present it on a wrong way. This is what is happening to Bitcoin Many people who has not taken out time to study what Bitcoin is all about in details talk about Bitcoin in a wrong way.I think that most of the people who were against Bitcoin as a result of ignorance today are regretting why they did get to know about it earlier than now. Bitcoin is a system that has been built so no amount of bad news can stop it.

[Ronsbit]

‎Meanwhile on the positive part of Bitcoin, it gives people control over their own money in place where there are no reliable banks,

Whether there's a reliable bank or not, Bitcoin remains a coin that gives users the privilege to have controls of their money because of its decentralized nature, but banks are centralized organizations which handles our personal information and transactions too. The banks takes instructions from higher authorities they can freeze customers account if they are asked to do so but Bitcoin is decentralized and allows you control your money.

You are right that Bitcoin gives us control over our assets, and that is why the government was initially against Bitcoin, but now they have started seeing the benefit of Bitcoin, and all they can do is to regulate exchanges to make sure they have a firm grip of them, but they can never get a grip of bitcoin as it is a decentralized network ledger and that is why bitcoin can never be controlled by anybody.

[EL MOHA]

You are right that Bitcoin gives us control over our assets, and that is why the government was initially against Bitcoin, but now they have started seeing the benefit of Bitcoin, and all they can do is to regulate exchanges to make sure they have a firm grip of them, but they can never get a grip of bitcoin as it is a decentralized network ledger and that is why bitcoin can never be controlled by anybody.

Aside the control, government were against bitcoin because they were sacred about bitcoin kicking out the traditional fiat currency and that’s what they didn’t want. They came to acceptance of bitcoin and started relaxing the restrictions put on it not because they simply started identifying the importance or advantages of bitcoin because I am confident that those benefits were evident from start but the reason for this recent acceptance is because they do not see a way to actually discourage people away from it and the growth of bitcoin was clear and that’s why they just had to come down to reality. There acceptance is like the saying “if you can’t beat them, then join them”

[Wiwo]

The thin be say, naija people the like waiten go give them correct money and were no go stress them back why most if them the take bitcoin like say na ponzi scheme were go promise them 300% return in 24 hours.

Bitcoin no dey like that, and if person no get good understanding,  him fit make mistakes for were him go wan take decisions, where concern bitcoin and how him go approach ammm were him no go get problem with bitcoin investment.

First thing be say, anything were go make you lose control of your money, has already taken away your financial freedom and na waiten bitcoin come to end be that.

[Versatile_choice]

You know, one thing that is affecting most people is that once they get information from a particular source they will just lock up not knowing that the information they have gotten might be wrong, although I noticed that some people usually ask beginners never to take other people's information and / or advice regarding bitcoin investment after they must have feed them with the ones they have that failure to do that will result scamming them, and you and I know the feeling when someone mentioned scam in something we start recently. In that case the beginner will start to disagree with whatever information you give them without even minding if it's coming from a reliable source or not, I know it's good to be security concious but we should try to figure out when good informations are coming or better still we can make our own research if we can't listen to what other people are saying.

[Humblevirus]

Knowledge is the key point that explains why some people see Bitcoin as a wrong asset to deal with. If they had proper knowledge about Bitcoin, I am very sure they would never see it as a wrong thing to deal with. Many people who are into Bitcoin now initially saw it as something wrong to deal with, but through further investigation, they ended up investing in it.So, I believe that if anybody has proper knowledge of Bitcoin, they will hardly see it as a wrong thing to deal with. Another reason why some people see Bitcoin as a wrong currency to deal with is because of the government and the actions it has taken regarding it. If the government had taken proper action about Bitcoin, most of those who doubt it would not doubt it again.

[gracreavix]

The thin be say, naija people the like waiten go give them correct money and were no go stress them back why most if them the take bitcoin like say na ponzi scheme were go promise them 300% return in 24 hours.

Bitcoin no dey like that, and if person no get good understanding,  him fit make mistakes for were him go wan take decisions, where concern bitcoin and how him go approach ammm were him no go get problem with bitcoin investment.

First thing be say, anything were go make you lose control of your money, has already taken away your financial freedom and na waiten bitcoin come to end be that.

I get your point wella. but I go talk say most people wey think say Bitcoin nor correct, na mostly because dem nor really understand am.

For Naija here, plenty people dey used to quick money.  anything wey nor promise fast fast profit, dem go just feel say e no legit or e no worth am. Meanwhile Bitcoin nor be that kind thing at all. na long term and control e dey about.

And like you talk, once something don collect control of your money comot for your hand, your financial freedom don go be that. Na why Bitcoin different, because if you sabi am well, na you get full control of your funds.
So nor be say Bitcoin wrong. na just say people dey enter am with wrong mindset, expecting ponzi kind result instead of learning how e really work.