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Author Topic: Why most people think Bitcoin is probably wrong  (Read 804 times)
B-BossMan
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April 30, 2026, 10:12:30 AM
 #61

But nevertheless there is still chances of giving it a go, there isn’t late time to invest in it so since we have little understanding of it we can think of giving it a chance due to it history so far.
Those days of fears among investors are gone, many was left behind because they didn't believe earlier but regardless no time is actually late as long as Bitcoin is concerned. Now is still the best time to invest if you ask me, because it's better for you to take advantage of the opportunity today than never. Moreover you don't have any reason to be afraid of when investing in Bitcoin investment, with just your discretionary funds you're good to go and again with a little consistent in accumulation using the DCA method every thing will just be going smoothly. However, you don't have to be among those that are still doubting Bitcoin because the earlier you start accumulating some stash of Bitcoin to your portfolio the better for you because a time is coming when Bitcoin starts unveiling the bigger picture, then you will understand how unfair you have been to yourself.
Right mate, no time is late to investing in bitcoin the moment a user understands the potential and value of bitcoin investment then such user can grab the opportunity as soon as possible and make proper use of it by investing in bitcoin.
 Many users do feel fell out already since they have let so many opportunities of investing in bitcoin slide in many years ago but still right now they can start the Journey and invest in it because it never to late to join the system afterall we are doing ourselves a big favor by being part of the journey.


Nice one, this is what I want to hear.  I don't like hearing, I will invest later mindset or I will buy and hold when there's a dip or always thinking that it's already too late to buy. In my own points of view there's no or never a perfect time to invest in bitcoin, though some people preferred waiting for the the dip and buy, but the truth is timing the market is uncertain and can leads someone to loses. Just stay consistent and focuses on the long-term investment or holding. Bitcoin investment isn't about chasing for the low price, but it about building yourself over a period of time, the overall Is patience and discipline than trying to predict the perfect time or chasing a short-term approach.

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April 30, 2026, 03:21:54 PM
 #62

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.
The investor shouldn't depend on the end result of his Bitcoin holding because Bitcoin isn't guaranteed, Bitcoin is an investment made on beliefs and not expectations, Bitcoin is surely a store of value and it's history shows a good profitability potential, the investor is right if he goes long-term to attempt securing his financial future in Bitcoin, yet there's no guarantee Bitcoin would continue doing well, although it still has its potentials and keeps proving itself everyday, but for a guarantee for future expectations, there's none.

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April 30, 2026, 03:52:23 PM
Merited by Stable090 (1)
 #63

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.

Some people they don't get deep into knowledge, some just hear other explanations and they will agree with that. Many people that probably see bitcoin as a wrong investment, is because they have others that used bitcoin and they scammed through online investments or platforms that will probably ask you should send some funds and you will get bitcoin as a return so some think is scam. And the things is that they don't know is not bitcoin that is scam because bitcoin is uncontrollable. Is the official that control the platforms are the scammers. So if you can take your time and study bitcoin you will definitely realise that bitcoin is real and is not a scam that others think is it.

Others says bitcoin is wrong because they don't have the Interest or money to invest and they will like to look for excuses to give other that are interested to do, so that is why is advisable you should make your personal research before starting anything because sometimes others will explain something to you and later you will realise that they are lying about it, but when you make your research by yourself you will realise that anything you're doing is real and no one can deceive you.

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May 03, 2026, 06:08:50 PM
 #64

But nevertheless there is still chances of giving it a go, there isn’t late time to invest in it so since we have little understanding of it we can think of giving it a chance due to it history so far.
Those days of fears among investors are gone, many was left behind because they didn't believe earlier but regardless no time is actually late as long as Bitcoin is concerned. Now is still the best time to invest if you ask me, because it's better for you to take advantage of the opportunity today than never. Moreover you don't have any reason to be afraid of when investing in Bitcoin investment, with just your discretionary funds you're good to go and again with a little consistent in accumulation using the DCA method every thing will just be going smoothly. However, you don't have to be among those that are still doubting Bitcoin because the earlier you start accumulating some stash of Bitcoin to your portfolio the better for you because a time is coming when Bitcoin starts unveiling the bigger picture, then you will understand how unfair you have been to yourself.
Right mate, no time is late to investing in bitcoin the moment a user understands the potential and value of bitcoin investment then such user can grab the opportunity as soon as possible and make proper use of it by investing in bitcoin.
 Many users do feel fell out already since they have let so many opportunities of investing in bitcoin slide in many years ago but still right now they can start the Journey and invest in it because it never to late to join the system afterall we are doing ourselves a big favor by being part of the journey.
I understand your hopefulness, but I think stating that it is never too late to start investing in Bitcoin is really misleading. Investors have to have the right timing and manage their risk when investing in anything. What is more likely true is that anyone can start investing at this time by conducting the necessary research and developing a clear plan to follow. There is no point in trying to find a way to catch up with something you have already missed; it is simply a failing effort. It is much more prudent to begin small, manage your risk, and think about it over the long haul than to rush into something due to pure emotion.
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May 03, 2026, 07:12:14 PM
 #65

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.
The investor shouldn't depend on the end result of his Bitcoin holding because Bitcoin isn't guaranteed, Bitcoin is an investment made on beliefs and not expectations, Bitcoin is surely a store of value and it's history shows a good profitability potential, the investor is right if he goes long-term to attempt securing his financial future in Bitcoin, yet there's no guarantee Bitcoin would continue doing well, although it still has its potentials and keeps proving itself everyday, but for a guarantee for future expectations, there's none.
We should not forget the reality of anything, we must have faith in Bitcoin, but having this faith does not mean that it will definitely bring you success and you will sell everything you have and invest in Bitcoin. In fact, along with faith, it is equally important to have a clear idea of ​​​​our reality and risk. Bitcoin has a lot of potential, but there is no guarantee of success. And we have to accept this risk, this is the risk of Bitcoin. Those who accept this risk and believe in the potential and can keep investing, in the end, they get good results. Now we have to understand that just because there is a good potential, this does not mean that success is guaranteed, and also just because there is no guarantee of success, but it does not mean that it will definitely not bring us success.

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May 03, 2026, 07:41:05 PM
 #66

‎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.
First, I would advice you try as much as possible to keep posts like this short, it will really help you to make more sense, writing walls of text like this often leads to mistakes, sometimes saying one thing and then moments later, going against the same thing you said probably without knowing.

In a part of your posts I bolded, you said bitcoin is not an alternative to cash (fiat currency), but in another part which I also bolded, you went ahead to say that bitcoin gives people control over their own money in places where there are no reliable banks, read this two statements again and tell me what the difference is?
Bitcoin remains an alternative to cash (fiat currency), where it can be used for payment for goods and services where fiat fails, or as a choice, I've had the opportunity of using bitcoin to pay for a bike I bought because my bank won't allow me send money that day, and it was amazing.

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May 04, 2026, 12:21:21 PM
Merited by SmartCharpa (1)
 #67

We should not forget the reality of anything, we must have faith in Bitcoin, but having this faith does not mean that it will definitely bring you success and you will sell everything you have and invest in Bitcoin. In fact, along with faith, it is equally important to have a clear idea of ​​​​our reality and risk. Bitcoin has a lot of potential, but there is no guarantee of success. And we have to accept this risk, this is the risk of Bitcoin. Those who accept this risk and believe in the potential and can keep investing, in the end, they get good results. Now we have to understand that just because there is a good potential, this does not mean that success is guaranteed, and also just because there is no guarantee of success, but it does not mean that it will definitely not bring us success.

Faith is more religious word to use for an asset like Bitcoin, it's not something of miracle that one should have faith but just believe on how it's created, how it has been working and how the growth has been over the years. Bitcoin has set a standard and that is what it has been doing since it was created in 2009. For instance, in every bull run there is halving, these things are the booster for growth of Bitcoin, so this are the things you should believe in all the time

There are properties like the unique ones such as resistance to censorship, no government can seize your Bitcoin, institutional adoption, these are the things that fuel Bitcoin growth, the more we have people that buy Bitcoin, the more price swell and we hope that even the governments that doesn't like Bitcoin will change their mind. One day we will wake up and see that most government now use Bitcoin even if it's all some will be using Bitcoin.

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May 04, 2026, 02:00:47 PM
 #68

This is a good post but a bit confusing and some misleading information. "BITCOIN IS A PART OF THE INTERNET" is an information that most newbies would find misleading but i think its a bit more specific than that. Bitcoin operates on the internet as every bitcoin activity requires an online operation.

So its not a part of the internet but rather a decentralized digital system that runs on the internet.  This is a more defined way to describe bitcoin.

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May 04, 2026, 05:47:59 PM
 #69

A lot of Nigerians still think that Bitcoin is a scam because they have not really taken out their time to understand what it is all about. Some beginners started out and got scammed because they refused to ask questions or seek knowledge and there are those that hear about these scams and just conclude that Bitcoin itself a scam. Everything about Bitcoin is wrong to people that don't understand it. Lastly, a lot of Nigerians also see Bitcoin as another ponzi scheme that they are familiar with but this is all due to the lack of knowledge.

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May 04, 2026, 10:25:25 PM
 #70

This is a good post but a bit confusing and some misleading information. "BITCOIN IS A PART OF THE INTERNET" is an information that most newbies would find misleading but i think its a bit more specific than that. Bitcoin operates on the internet as every bitcoin activity requires an online operation.

So its not a part of the internet but rather a decentralized digital system that runs on the internet.  This is a more defined way to describe bitcoin.
I think I read that post more like 2 times and it was still bit confusing in my head and I was really trying to connect so much dot from his text I think the only part I would want to talk about is the part where he said why people think bitcoin is misleading well from the first part it looks like a scam but having to fully understand bitcoin is one of the gift any man could ever ask for now…

Well I have noticed most older guys don’t even understand or want to believe in it a bigger picture of investors saving their assets for the future and this is what they should understand the more..

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May 05, 2026, 06:42:23 AM
 #71

A lot of Nigerians still think that Bitcoin is a scam because they have not really taken out their time to understand what it is all about. Some beginners started out and got scammed because they refused to ask questions or seek knowledge and there are those that hear about these scams and just conclude that Bitcoin itself a scam. Everything about Bitcoin is wrong to people that don't understand it. Lastly, a lot of Nigerians also see Bitcoin as another ponzi scheme that they are familiar with but this is all due to the lack of knowledge.
Funnily enough,how Nigerians participated in the previous ponzi scheme(CBEX),but when it comes to legit asset like bitcoin they would start finding excuses that may not be valid.Most times,greed could be the major reason why most individual are scammed,when unrealistic promises have been made to them they can even go an extra mile to borrow just to invest.When you understand bitcoin you would know it’s not a scam rather evil people are the ones using it to scam others.It may be very difficult to convince an individual that’s in quest of making quick profit to participate in bitcoin because bitcoin isn’t a get quick rich scheme.

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May 05, 2026, 08:18:58 AM
Merited by Stormisover (2), DYOR+BTC (1)
 #72

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.
Its true there are people you will tell about bitcoin investment they will see it as a scam investment because of several online investment now and most of them has also fall vitim of this online scam investment, if they have study about bitcoin investment they wouldn't have wrong impression about bitcoin those who has understanding about bitcoin wouldn't think like that i believe that fake things don't last if bitcoin was to be a scam investment we wouldn't have been hearing about it now.
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May 05, 2026, 10:40:29 AM
 #73

Its true there are people you will tell about bitcoin investment they will see it as a scam investment because of several online investment now and most of them has also fall vitim of this online scam investment, if they have study about bitcoin investment they wouldn't have wrong impression about bitcoin those who has understanding about bitcoin wouldn't think like that i believe that fake things don't last if bitcoin was to be a scam investment we wouldn't have been hearing about it now.
Before I got the knowledge of Bitcoin investment, I've been previously involved in a lot of ponzi schemes, some favoured me and most didn't, I've even tried in investing in some shitcoins that left me holding the bag, and I must confess that all these failed investments really punctured my trust in anything online investment, and it made me feel skeptical about them. It sure did take me sometime to rebuild my trust on Bitcoin, and when I got into bitcoin, all I felt was regret for all the time and money I wasted on the wrong investments.

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May 05, 2026, 12:58:00 PM
 #74

Before I got the knowledge of Bitcoin investment, I've been previously involved in a lot of ponzi schemes, some favoured me and most didn't, I've even tried in investing in some shitcoins that left me holding the bag, and I must confess that all these failed investments really punctured my trust in anything online investment, and it made me feel skeptical about them. It sure did take me sometime to rebuild my trust on Bitcoin, and when I got into bitcoin, all I felt was regret for all the time and money I wasted on the wrong investments.
Most of us felt the same as you did, I could remember one deadly ponzi called MMM and many of them, most of us were jumping from oke to another, the ones they'll tell you that the system will merge you to either pay someone or someone to pay you, shitty has always been there but I hate them right from time because I never believed they existed, I just see them as those garbage some niggas dey one side build to deal with men wey lose guild, so wetin I the talk be say e no been too dey easy for people to truly trust the system after all they went though in the hands of unrealistic quick money shits, but just as you talk men still felt bad when them come know say Bitcoin na baba but nothing be that thing since no matter how we feel bad na to start first because e don be em don be, na to just face front.

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May 05, 2026, 02:16:26 PM
 #75

Before I got the knowledge of Bitcoin investment, I've been previously involved in a lot of ponzi schemes, some favoured me and most didn't, I've even tried in investing in some shitcoins that left me holding the bag, and I must confess that all these failed investments really punctured my trust in anything online investment, and it made me feel skeptical about them. It sure did take me sometime to rebuild my trust on Bitcoin, and when I got into bitcoin, all I felt was regret for all the time and money I wasted on the wrong investments.
Yes you are very correct, those time on MMM days truly mess some people up some many individuals got burned looking for fast money so it's understandable why some persons doubted anything that looks similar at first , but Bitcoin is a different thing entirely. At the end of the whole day no use of dwelling on the past what matters is the knowledge it is now or moving forward with understanding.


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May 06, 2026, 10:53:21 AM
Merited by Silikiem (1)
 #76

Its true there are people you will tell about bitcoin investment they will see it as a scam investment because of several online investment now and most of them has also fall vitim of this online scam investment, if they have study about bitcoin investment they wouldn't have wrong impression about bitcoin those who has understanding about bitcoin wouldn't think like that i believe that fake things don't last if bitcoin was to be a scam investment we wouldn't have been hearing about it now.
Before I got the knowledge of Bitcoin investment, I've been previously involved in a lot of ponzi schemes, some favoured me and most didn't, I've even tried in investing in some shitcoins that left me holding the bag, and I must confess that all these failed investments really punctured my trust in anything online investment, and it made me feel skeptical about them. It sure did take me sometime to rebuild my trust on Bitcoin, and when I got into bitcoin, all I felt was regret for all the time and money I wasted on the wrong investments.
Though i haven't been into any ponzi scheme before but there was a day i almost fell for them what saves me that was that i didn't have any money with me because that my friend told me that he couldn't recover back his money after he invested, i have been hearing about bitcoin for some years now which means it's a good online investment imagine starting investing when it was out till now i believe it would have yeld alot of profit, i will start investing in bitcoin immediately i start earning income so that i won't regret for not getting started.
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May 06, 2026, 11:30:37 AM
 #77

The investor shouldn't depend on the end result of his Bitcoin holding because Bitcoin isn't guaranteed, Bitcoin is an investment made on beliefs and not expectations, Bitcoin is surely a store of value and it's history shows a good profitability potential, the investor is right if he goes long-term to attempt securing his financial future in Bitcoin, yet there's no guarantee Bitcoin would continue doing well, although it still has its potentials and keeps proving itself everyday, but for a guarantee for future expectations, there's none.

Bitcoin investment profit is guaranteed. It all depends on the strategy, finances, consistency, and the ability to hold your investment for the long term. An investor who does things the right way has every right to depend on the result. I know there is risk in all investments, including Bitcoin investments, but the risk in Bitcoin is different. The risk is not about the asset being unsustainable. The risk is if you do not have a well structured plan you may fall for the ups and down that comes along the investment path.

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May 06, 2026, 01:27:18 PM
 #78

Bitcoin investment profit is guaranteed. It all depends on the strategy, finances, consistency, and the ability to hold your investment for the long term. An investor who does things the right way has every right to depend on the result. I know there is risk in all investments, including Bitcoin investments, but the risk in Bitcoin is different. The risk is not about the asset being unsustainable. The risk is if you do not have a well structured plan you may fall for the ups and down that comes along the investment path.
Are you sure about what you said that Bitcoin investment profit is guaranteed? You've stated your reasons maybe I will want more reasons from you on this, although longer-term is the goal, many of us know that whatever anyone has in mind for in Bitcoin should be on a long-term but what I can say is if anything is guaranteed but I can not stop anyone from reasoning as you do because Bitcoin has been doing the long-term thing up till date, the price at which it was when it was created is not where it is today, so when we premise on that, one will easily agree with what you have said here which in other way round you're right.

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May 06, 2026, 02:00:18 PM
 #79

A lot of Nigerians still think that Bitcoin is a scam because they have not really taken out their time to understand what it is all about. Some beginners started out and got scammed because they refused to ask questions or seek knowledge and there are those that hear about these scams and just conclude that Bitcoin itself a scam. Everything about Bitcoin is wrong to people that don't understand it. Lastly, a lot of Nigerians also see Bitcoin as another ponzi scheme that they are familiar with but this is all due to the lack of knowledge.
Because BTC is not control by the government and it pump and dump without the influence of the government officials. Anything that government is not control in some countries some people don't believe is a good project people can invest their money to earn good profits, but once they discover that government is the one controlling the price they will believe in that coin and they will start putting their money to see the difference between that coin and BTC.

Despite their fake information about BTC many people are still investing their money on BTC, because the years they predicted that BTC will disappear from the market has passed and BTC has break into higher price that help people to make massive profits from their investment.


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May 06, 2026, 09:50:33 PM
 #80

The point is that not everyone has to believe in Bitcoin, and those who think or say negative things about Bitcoin fall into two groups: some lack knowledge, and some actually have knowledge but choose to speak negatively intentionally.So, let’s understand that not everyone will adopt Bitcoin, no matter how much it continues to grow. There will always be a set of people who go against it, and some of them are even parts of the government. They may never support Bitcoin, despite knowing its importance in this world.

But most people who think Bitcoin is a bad idea are simply ignorant of the technology. This ignorance affects them, and they are often too lazy to do their own research.For example, there was a guy I once met. No matter how much I tried to explain Bitcoin to him, he refused to understand and kept coming up with weak arguments. I later realized that he lacked knowledge about Bitcoin, which was why he spoke that way, thinking he was making valid points.People like that rarely listen, so it is very possible that they may never adopt Bitcoin

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