Topic: Assumptions of People who don't know about bitcoin... Ki (Read 519 times)

I remembered long ago when I first heard about bitcoin, all I heard about it was everything negative you can ever think of. I never believed in it as I thought that they were myths surrounding it which are unknown to us. After several years, seeing how bitcoin has developed and still developing and making raves in the world I had to have a rethink about it and do my own research also by asking questions and reading online about it. But now I know fully the advantage of bitcoin and don’t care what others think about it as I have also venture into it full time. I believe bitcoin is here to stay forever.

Unfortunately, lots of people will mostly cling to their own biased opinion even if you show them facts about the claim. With people regarding cryptocurrencies, they seem to go against cryptocurrencies without even providing any reason on why they hate them- it's just plain hatred.

I just hope that these people would start opening their minds about their view on cryptocurrencies. Though there may be lots of issues that it faced before (e.g. scams and hacks of exchanges, dark web, etc.), its positive effects outweigh greatly negative impact as a whole.

Once someone sees a use of Bitcoin they will definitely try to learn how to use it. Necessity is the thing here, otherwise the inertia to remain ignorant about Bitcoin remains as it is. In most countries bitcoin is something that is already having a negative picture plus there is no use of it among merchants. In other words, the marketing of Bitcoin as a payment system with advantages over fiat is lacking.

Because centralized systems exist Hance bitcoin is facing this problem. This cannot be changed by force because that leads to aversion among common people. But I am hopeful that th situation will chang in future.

I see this first two assumptions to be the most trending one ongoing, lot of people out there see bitcoin as a ponzi scheme because their orientation is tuned to believing any online business or investment as a proxy gamble, that can swindle away ones entire capital or cease to operate the following day which is wrong, another convincing factor is it volatility nature in which they taught its unstable to be trusted.

The other one is government perpetrated, lots of event are happening whereby government tend to assume that bitcoin mining constitute environmental pollution as much energy is wasted through the process. you can click on this congress hearing on bitcoin energy use where lot has been talked about on the forum regarding bitcoin energy use and it impact on the environment. and also another thread which talked about Debunking the bitcoin is an environmental disaster argument this environmental challenges assumed by the government is aimed as a result of Cryptocurrency (bitcoin) not being regulated by the government because of it decentralization. [/list]

This is a common problem among the people right now, they intend to judge at the beginning without verifying.
To be honest, if I have their own situation in don't have an idea about the thing, I rather keep silent than tell some things that may not be true, in short, it is judging.
But yeah, we can't blame them also as we have different minds, but yeah maybe at the beginning it is the most common issue but once they will really know what Bitcoin is, I guarantee that their mind will change.

most people just want to stick with what they have been doing all their lives, like traditional payment method. only mostly younger gen are willing to try this new payment option and put hands into it. but don't expect older people to be open minded with this option. though some are but most of them prefer to what they have been doing for years or decades in their lives. also, a lot of people have different notion on btc, those are people who don't have the time to read about crypto or not willing to educate themselves.

There are really people who are close minded on which they dont really let new changes and innovations for them to get convinced but rather they do stick out on something that they do have in mind.
Just like been said that it is mind boggling on why someone does really have that kind of thinking on where they are close to changes and they do call it scam directly without even knowing
but soon they would realize and be regretting that they had lost too much time and opportunity to make profits not only into investment matter but also into its utility.

It's true! There are many people who do not know what bitcoin is and worse still say anything about bitcoin lightly. I remember once I wanted to motivate an Asian merchant in my country to accept bitcoin as a payment method to pay for my groceries.
She told me that she didn't know and I told her I can teach you, I thought she would accept and she didn't dare one bit. While talking I could tell that she had the wrong idea about bitcoin. She told me I still don't know a millionaire who invests in bitcoin.
Since she had no interest in learning, I couldn't tell her you don't need to be a millionaire to invest in bitcoin, I also think that in relation to money, people without knowledge don't dare to venture.

People will always believe in it as long as they refused to be educated in bitcoin and become one sided. Because i always believe that if you have enough knowledge about bitcoin and the rest of cryptocurrencies, you will never stick to this foolish idea that bitcoin is  a bubble. Bitcoin has definitely its high potentials that will create a good store of value. And if its really a bubble, i cannot think of a valid reason why bitcoin has still survive up to this present time.

Seriously there are lots of people who has a limited understanding and it baffles me a lot.

I have met someone once and we are talking about cryptocurrency, there were also other people there and it was a discussion that we were all having about cryptocurrency. And this one guy kept saying that cryptocurrency is a scam because it is not centralized and doesn’t have any central authority that controls everything that happens.

Despite how hard a lot of people tried to prove to him that Bitcoin is not a scam, he still kept on with his belief that it is. But you can’t force them, everyone is free to have their own opinion.

People got mistakes and even believing false information because they have no knowledge on the subject (Bitcoin). The more they listen to the news, social media influencers, the more they bring misconceptions toward crypto. I respect their opinion as we know they don't have an idea about Bitcoin but to insist that they are right, is absolutely wrong. We can no longer hear positive responses from these negative people and even those who have a lack of knowledge but instead hearing from them a sort of criticism and misconceptions.

Tons of tons of information are out there but yes, some info are misleading especially if it is written by a blogger or an endorser of a specific alt. So they need to find a reliable sources where they can really get the right information. They should know how to filter things because if not, these articles can mislead them from facts. If they happen to get on this forum and read the right threads, they will get very substantial information that can enrich their knowledge anything about crypto.

Honestly it isnt really that too complicated on understanding bitcoin even with just sticking with the basics because simple understanding would suffice which would lead into engagement but well we do have different

perception when it comes to things thats why whether we do encounter various informations but still you arent interested on learning or knowing it then it would be still useless.We are already on high-tech

era where internet could reach out almost corner of the world which it is impossible not to think about reaching those people about the information about bitcoin or crypto's existence.

Although there is too much information about Bitcoin on the internet, doesn't mean all people get valid information. Some people also may not easy to understand what Bitcoin is. So, it is no problem to assume that people may speculate about Bitcoin. Each people should have a different understanding of Bitcoin, depending on how well they learn Bitcoin. If someone already learned Bitcoin for a long time, very possible for him to understand it well. But for newbies, they may misunderstand what Bitcoin is.

One of the things that has made me laugh the most that I want to share (in another thread I also said it) is that one of the things that a lady told me one day that BTC was part of the antichrist, lol, I really didn't know what to answer because I was an old lady, I only told her that things were not like that, that things improve as time goes by and that there are new technologies that make even the economy advance because the traditional economy under which we were born is the most corrupt of all , where there is no opportunity to acquire financial freedom.

There is no dearth of information about bitcoins on the internet. In fact, you can get more information than you require in general. So, there has to be no point in people assuming anything about bitcoin. They can simply search on the internet and see how valid and real something is.

It is not just only those who hate cryptocurrencies, even people who do not understand Bitcoin do make such statements as well. Especially the one that Bitcoin is a Ponzi, I have seen a lot of people who have no idea of what Bitcoin is all about make that statement that Bitcoin is a Ponzi and a scam.

In fact, that is always the word that is mainly being used by people who do not know anything about Bitcoin, and it is not because they hate Bitcoin, it is simply that they have no idea of what Bitcoin is all about so they tend to say that it is a Ponzi.

Because, that’s what it looks like to them. As for those who say that Bitcoin mining is harmful to the environment, those are the ones who I would say are making such a statement because they hate Bitcoin. That is clear hatred, and they are trying to do anything possible to bring it down, but it wouldn’t work.

People who prefer to create speculations rather than to stick with the facts mostly end up making wrong assumptions. Lack of education has always been the main cause. However, in terms of bitcoin, the facts are already spread in the internet, so there is no valid reason why some people end up being misinformed. Maybe they are just too lazy to do research and study it, or they stick to believe on the people who made attacks on bitcoin. That's another story i guess.

I have posted this many times here but I believe this to be one of the best bitcoin quotes ever and it fits in well here ..

"I think many of the intellectually honest people eventually stop being critics, because they suddenly realize that the flaws they are identifying are temporary features, issues, and not inherent problems. There are very few inherent problems in a dynamically evolving design or ecosystem of different designs all competing, that cannot be resolved.  There are critics who criticize this technology primarily based on their world view.   It is politically inconsistent with their world view.  It’s not that they do not like the technology it’s that they do not like the implications of this technology and the primary criticism you get then is “this should not be” to which all I can answer is ..and yet it is.  “but we mustn’t”… and yet we did, “but you shouldn’t”.. but yet we did"- Andreas Antonopoulos.

Nothing to doubt about Bitcoin   

Ahh, I heard again and again in areas around me, there are many more people who say that "Bitcoin is not investment, Bitcoin is a scam, and Bitcoin is gambling, everything about trading in gambling". Stay away from Bitcoin and all things about trading, because they are gambling and specualtions."

Whatever I tried to explain and give more data, they will not listen to me, because they only believe in bigger media or influencers that are opposed to Bitcoin. Moreover, this is because they similarize Bitcoin with a kind of binary options that are now very booming in my country.

People have difference of understanding about cryptocurrency. Recently met with a brother who is working in Canada and on discussion about investment I said about cryptocurrency. Immediately he said why should you go for it when you've got more other choice. It shocked me, because I've thinking that people from USA and Canada are much adopted to cryptocurrency. This was against that and further he added about a life incident. His friend lost $100k investing in cryptocurrency and I wasn't able to understand how it happened. Even if he have invested in any worst project it'll not be such a loss. From that incident he doesn't look into cryptocurrency. From this I understood, someone's mistake will also create a bad opinion on cryptocurrency.

This is not new to everyone as skeptics have always asked this. But is bitcoin really a bubble? The fact that until at the present time bitcoin is very alive simply defines that bitcoin is not a bubble and its not going to burst out.

People always have their own misinterpretations about bitcoin but we can't blame them because they lack the knowledge and the facts about bitcoin. However, if they can go depth in research with bitcoin, that's the time they will clearly understand the real potentials of bitcoin instead.

I googled it, if fiat money is a bubble and it says yes. It can be true because fiat money's value can decrease over time due to inflation and after the creation of btc, it was then said to be the fiat killer. Btc is immune is to inflation. Despite of how good btc was versus to fiats, there are still people that claims to be that btc is a huge bubble therefore we can also say that btc is a needle to its own bubble.

Btc market is not small mate but it is huge and it's now being compared to apple and other huge names in the industry. It can do an impact to the financial market and others can do an impact too to bitcoin. They just give and take. People change so don't say that people that don't understand btc or blockchain can stay the same.

Going over the first time I heard of bitcoin, I was intrigued but did not find any use for myself and therefore I removed it from my thoughts. But then I found that donating to certain sites was possible anonymously through bitcoin and then I took interest in it. Frankly, the technical aspects of bitcoin are not a part of my current line of work so I keep that to a bare minimum.

But getting put off by these words is a common thing that I also have encountered while trying to discuss the topic of bitcoin with peers and colleagues. It will take a long time, in my opinion to come out from this and make no-coiners to bitcoiners. What I have seen is that those who are already into bitcoin remain in bitcoin because they know the ins and outs of the currency.

It may be true that if governments start patronizing crypto it will take a different turn.

There are some which are helpful but overall they do just simply stick out with the basics which is somewhat do but there are always some hidden agendas out of those vlogs and videos which newbie
would easily be victimized with those kind of intents which is sad and on the time that that they had lost money then those impressions would really be going into negative side
on where people would be having that long lasting kind of wrong impression but once they do realize things up then they would be definitely be changing their mindsets.

I have spend my good years in studying and researching about bitcoin and have gone through various articles and books to know how it works,what makes it decentralised and deflationary currency so slowly and gradually have developed faith in it myself and educating others also about it.

I am bitcoin supporter and past nine months DCA investor aslo if you go through my post history you would find it also.People need to understand it in some more level as layman's language simply say it is digital currency like digital cash so what's the difference? All cryptos are digital but why btc is the best they need to know and then only these assumptions could be avoided.

You have forgotten to mention the oldest and the original source where you could have the accurate information about bitcoin on various topics and in layman's language also this Bitcointalk forum which is the library for those who wish to read and enhance their knowledge while for some it's some earning place with bounties.How many good and educated youtubers are out there who can give you in depth knowledge about it other than Andreas Antonopoulus the writer of Mastering Bitcoin? All of them are giving out crap knowledge just to earn through paid promotions and other articles may contain inaccurate information.

The information on the forum can't be tampered because there are members who will guide you in the right direction with their knowledge and experience in the bitcoin of which you could take advantage to know and clear your doubts about it.The true way leads to your success.

Not all in Social Media and even in Youtube are helpful, many of these influencers teach the wrong strategies and ideas to the viewers and followers. I agree this helps to spread the name of crypto but not I appreciate them all as some of them are misconceptions. These wrong assumptions towards Bitcoin can be corrected by ourselves if we clearly understand the nature of the market. For as long as it wasn't yet changed, many were still thinking negatively against Bitcoin, against cryptocurrencies.

The criticism show the reality of bitcoin to those countries that refused to make it legalized in their societies. Many countries that adopted bitcoin ,will never say anything bad about bitcoin because it has helped the country economy to grow and to reduced unemployment in different societies. It will be difficult for such countries to say negative things about bitcoin than to advise other countries to make it legalized for their citizens to enjoy in the country.
People who don't understand what bitcoin is all about are the one that criticism or hate decentralized currency because their leaders refused to make it legalized for their citizens. 

Change the mindset of yourself and then others. Provide an explanation that is easy to understand by lay people who do not understand what bitcoin is.
Bitcoin is just a tool that can be used for anything, just like a knife that can be used to peel an apple and can also be used to harm someone.

Currently, there is more and more education about bitcoin, explanations on youtube, social media, etc., will provide insights about bitcoin for beginners.
So some negative assumptions about bitcoin exist because they didn't study it completely.

Then, I guess we don't have to live that forever, this was the time to change it. We help them to realize that what they heard about rumors, fake news, or anything that talks negatively about Bitcoin is wrong.

*Bitcoins is a scam
*Bitcoin is a bubble
*Bitcoin is a Ponzi scheme

Assumptions can be wrong and it was definitely wrong seeing Bitcoin by now. Misconceptions, misunderstanding, it will just happen if we keep our mind close to reality, we instead open it and accept the changes.

The internet has made searching for information much easy and faster, like they always say, Google is your friend. Yeah I know people in remote areas without no Internet access can not be included in this description, but for those people who have access to internet and the means yet not doing any research (even as little typing what is Bitcoin in the Google search engine) has no excuse.

They say information is power,  no knowledge is wasted, for the purpose of knowledge and knowing, it is important to seek this information (even if no intention to invest)  unfortunately some people only pick interest on things that are very pressing to them, or rely on rumour instead of doing little search. It true, there a lot of misconception about btc which is not supposed to be if only people can spare a bit of time to be informed .

The highlited word rumour in your post is what i am trying to explain in this thread that people who don't have knowledge about it mainly are sorce of spreading FUD's and fake things in the market.This is common in most of the spaces where people who don't like it for example the government and banks those holding the central chain of authority and fear btc could break it up spread rumours about it so common people don't trust it.But the problem with majority is they don't try to understand it in detail like how it works and the brilliant idea setup by Satoshi that still makes it decentralised with security.

I am also not imposing bitcoin on anyone but just saying them to once read about it in detail and then choose their path and faith about it.

Yeah I completely understand that for some it's best option while for some it's not.But the main concern is with people who think their zero utility shitcoin is better than bitcoin and can survive the market while btc bubble will burst but that's not true which they can understand or don't.The people has full right to choose the path but guiding as a community member to help someone secure their future with clearing these small fake assumptions is better way to go through according to me.Rest we all can decide what's best for us.

No i didn't design the image and came across it through social platforms and like to see these crypto related information and memes over the internet.So just shared it with you all.For many investors it is source of gaining fast profits but that's not right.You can surely make profits but in the long run but over it observe it as financial tool that provides you freedom from government monopoly that can restrict you of your funds anytime as we have seen in Russia.

I would say it is good if we are exploring the good and bad facts of anything to find out how good it is but the problem with some people is who don't like it is that they already have some pre-assumptions in mind that it's highly volatile and risky and used by criminals or any other which automatically restricts them from investing in it.But if you have some time then first of all go in the depth analysis and then jump to conclusions.

Bitcoin is slowly gaining faith of people with time as many are now educated and aware about it but still less know about its technical working but fiat has been here from ages and btc can't vanish it but can dilute the usage.The progress is necessary which we are making.

There could be some related threads but the talks are real in the market and people ignore these posts.I also don't want to convince people by explaining them what are the myths about bitcoin but only a small try to make a little percentage of people that we all have some perceptions in our mind the way we have encountered with that thing like what's happening with those who don't completely understand bitcoin but if we make some efforts then it could be cleared.

The trends changes with time but bitcoin will still remain preferable options for many whose effect could be easily seen in long run.

In the past bitcoin was always underestimated by most people including me, because at that time many people didn't care about it and only knew the name but didn't want to know and understand more about bitcoin and its work.
and as time went by i saw some of my friends whose life changed because of bitcoin and in the end i tried to find an answer to find out on the internet more about bitcoin and how it works, and also asked some of my friends and they taught him which in the end i got involved and also enjoy the benefits that make me more excited until now.
and when i got involved i heard a lot of people disparaging bitcoin because it is a scam and also used by criminals for money laundering and so on.
and I don't care about it all because they don't know and study it well which in the end people who used to belittle it now regret it because they see its price and popularity continues to increase.

I don't agree with that statement.
Bitcoin isn't bursting any fiat bubbles anywhere.The BTC market is just too small to have any significant impact over the bigger financial markets,like stocks,commodities,FOREX and real estate.
Bitcoin isn't interrupting the growth of fiat bubbles.Actually the fiat money printing helps for pumping the Bitcoin/crypto bubble.Basically every financial market(including the crypto market) creates and bursts price bubbles.
Anyway,I kinda agree with your view about the people,who mildly understand BTC(or don't understand it at all).I'm sure that the vast majority of the people will always be ignorant in regards to Bitcoin/blockchain technology and this will never change.

get-rich-quick schemes that some people assume because they see successful people come from Bitcoin. Without seeing what's behind the bitcoin. Indeed can't blame them if they assume that way. When they don't know what bitcoin is, their point of view will be different, some say that bitcoin is just a digital asset that has no future, MLM business, just a toy and so on.
I also didn't understand at first what the use and purpose of bitcoin was, but by studying and doing in-depth research, I understood and started to be in the bitcoin circle.

Did you design the image? It says a lot, I think a part about plugging of money from Bitcoin should be included. When you try to discuss bitcoin as internet money, they think it's just a place where they can come and plug their own shares, which is funny to me how they view bitcoin.

There was a time when I had to keep things to myself, the Bitcoin revolution is real, and many people are informed about bitcoin, however, not everyone will want to adopt the positive aspects of Bitcoin as they've been distracted by the traditional system, try to convince them, teach them, they will continue to call bitcoin various names and see it in various images.

Some people don't just want to hear about bitcoin, that word irks them and always view it as gambling, try to educate them about bitcoin, they wrongly assume you are attempting to initiate them into gambling. I have concluded that those who will learn and embrace bitcoin's workings will, while the zombies who are tied to traditional money will remain until the end of the world.

On the other hand, there is a big difference between you don't know Bitcoin and you simply hate Bitcoin for whatever reasons.

I admit that there are a lot of people who have these wrong perceptions of Bitcoin. But I suspect that a lot of the negative Bitcoin descriptions are not coming from those who truly don't understand Bitcoin but from those who have so much at stake in the system that Bitcoin is trying to correct. So these descriptions are not actually misunderstanding or misperception of Bitcoin but plainly attacks on Bitcoin.

To add to Bitcoin is a bubble and Bitcoin is used for crimes, there are also:

• Bitcoin is a Ponzi
• Bitcoin destroys the environment
• Bitcoin is a gambler's money
• Bitcoin is a money-launderer's tool
• Bitcoin doesn't have intrinsic value
• Bitcoin is not money (you can't spend Bitcoin, you can't convert it, you can't withdraw it)
• Bitcoin is risky
• Bitcoin is a creation of the CIA
• Bitcoin is a fintech fad
• And more

Bitcoin wasn't created to served as anonymous asset, it's pseudonymous: all address and transactions can be viewed/tracked by anyone if they search on blockchain explorer, don't forget if you ever KYCed centralized exchanges... you don't have any privacy anymore.

Many articles on 2017 and 2021 back often discuss about Bitcoin price breaking new ATH, obviously they're already know the value of Bitcoin. But they're invest on peak and when the price decrease, they blame Bitcoin.

I have no idea why you include gambling among darknet and illegal stuffs, you need to look offline gambling do exist and it's legal (depends on which country is).

Maybe I'm not well aware of, is there really a lot of underground or deepweb/darknet stuff BTC transactions that continuesly growing? I mean I know there are still silk road like market exist.  but it's not really that rampant now.  I haven't heard much about it.
I don't see any problems about gambling though. Because fiat currency is also used for gambling. The increase of crypto gambling platform means a lot of were adopting and it's really good for Bitcoin growth.

That meme is funny but still that is relatively positive way for people to be describing Bitcoin and their experience with it. On the negative side of things, the best description of Bitcoin is that it is a big scam and just another Ponzi scheme and therefore will not survive and will eventually get a zero value into the future. And there are so many famous and intelligent critics of Bitcoin who believe the same kind of thinking. Still, we in the crypto industry know that there is always two sides to the coin but why concentrated on the darker side when we already saw the light...the same conviction that lead El Salvador and its current president to declare BTC to be a legal tender?

This is mostly what I've to hear from the people around before but today, upon asking them, you can hear different stories some will say "it was a profitable investment and any got rich" , while the others will still think it was a scam and it burst. It is likely to say that many were still not aware of the situation by now, many were never appreciates Bitcoin, in fact, it has already been proven so many times. And to argue with these negative people is just a waste of time, but I believe they'll change somehow sooner and they realize that they are wrong.

Education is really the key to change the perspective of someone towards a specific topic or subject. If you are ignorant with something, the tendency is really to get away with it or have hesitations to touch it. But if you educate yourself, you will slowly understand things and you will not be scared of dealing with it. The more you know, the better understanding you have for the subject, which makes you less scared of the topic on hand. You will be more equip also when dealing with it if you have more knowledge.

You cant please everybody in short or directly speaking.  . It is true that we do really have different kind of interest on things on which whether we do get curious on everything that we newly encounter
and some people doesnt really care or ignore it directly without having some in depth research and on the time that it do became main trend then this is where perception do really changes up.
You would normally assume on things that you dont even know and make out some direct comments and words without being knowledgeable on  it.

There are always positives and negatives, from a society's point of view, Bitcoin is something terrible, but it is also something that is quite extraordinary. No wonder a lot of people will hate Bitcoin because they don't dig deep. It happened to me before it was on this forum. But as we all know there is a saying "don't know, then don't love" I have experienced it until now. Curiosity will haunt what we think is bad to encourage us to know more. And finally, we come to the conclusion that what we consider bad, will disappear as we get to know more deeply.

And that all applies to people who until now still think of Bitcoin as a terrible threat.

People who are afraid and dont have any knowledge, think that bitcoin is a bubble, but smart people dont. And literally no one has a clue what they are talking about. I believe that once bitcoin and other crypto are totally accepted, then it will be taken a lot seriously worldwide.

About 5 years ago, it seems to me there were more negative rumors about bitcoin than there are today.Thanks to some states that have accepted bitcoin as a means of payment, and perhaps such as Elon Musk, people's trust in bitcoin has become greater, but there are of course people who cannot be persuaded of their correctness, so how many people have so many opinions.

In the world of ignorance careless assumption is inevitable. When i first heard of bitcoin i likened it to some sort of reserved virtual token earned by super mario players. because when i first saw the logo online i flashed back to some sort of similar logo seen on Mario game. But as time went on i discovered it was a different technology entirely

Same as that, I first heard about Bitcoin around 2013 and my assumption were that
"the tokens were for gamers".

Unfortunately there will always be people who wont be interested, wont do enough
research, will think they know about it and will spread false information. The same
could be said about a lot of other things.

Talks about Bitcoin are fast spreading than expected, being the best amongst Crypto Currencies but I want to say not everyone knows about it already.
I paid a visit to my old mate's in junior school,had a brief talk about it and  funny enough they're totally blank about Bitcoin...Did a little brief about it's merit and how far it has gone and deeply in me I was happy I have advocated about Bitcoin.
Before it's adoption all over the world, more people still ignorant about it, this is why I don't find them irksome and boring.

About the crime aspect, this is true no doubts, but they fail to see the merits than demerits of Bitcoin.
While sharing news about this, teach people how to be on a low and live a private life, privacy will take them a long way when they posses Bitcoin.

xx Thanks.

Some even call it a ponzi scheme because they lack the knowledge that bitcoin is a digital currency, that's why they tend to look at it with the ponzi approach that it may not last, but i will with time those wrong perspective will be corrected as bitcoin is evident in it results.


The misconception here is that some people believe once you are into an online digital form of business they tend to categorize everyone as a scammer, doing irrelevant and dirty stuff online just to cheat others which is a wrong mentality, crime rate in dealing with fiat is far higher than in bitcoin.

I don't know but these posts talking about how "Bitcoin is misunderstood" are becoming old. Everybody knows that Bitcoin is the original cryptocurrency. Everybody knows that a lot of OGs got rich off of it. That is the most that newbies know and thats all they care about.

Most new people these days flock to communities in Web3, Alt-coins and the multiple chains out there. BTC is kind of like always in the background but in terms of sheer engagement, nobody really cares anymore.

Its like the boring old grandpa holding the keys to the fortune while everybody else wonders who will find a name in their will.

I think a lot of such misconceptions and assumptions stems from a lack of proper research, quite a lot of people get their understanding of Bitcoin from the media or from individuals who do not tell them the most important aspects of it, of course we all know the media is famous for highlighting Bitcoin as being negative, and also, more often than not people only tell others about how much they can make from Bitcoin, thus through such means, many individuals get the wrong perception about the network that prolly would not get corrected.

Having said that, for as many people that do their research about Bitcoin, they would want to be 'associated' with this network, if they can at least grasp a thing or two from their research, they will understand its pros and cons and know how well to handle them, and specifically understand that the network is not a get rich quick scheme as quite a lot of people assume it is.

While it sucks, I really can't blame everyone. The first time I've heard about Bitcoin, I immediately shrugged it off after like 5 minutes of research because of how bizarre the concept is and how unlikely it was to succeed(this was like in 2013 or something). It took me a second time and with actual dedication(not half-assed) in learning about it that I finally grasped it. Hopefully the uneducated critics would also have their sort of "second coming" sometime in the near future.

It's true, there are a lot of rumors about bitcoin, and they often make me smile when I realize that people are spreading all these horror stories without understanding what they are talking about. If we talk about friends, I will always find time to explain everything to them and successfully convince them otherwise. But I will not impose love for bitcoin on people who have not matured it.
They say that the road to God is individual for everyone, someone is born with faith, and someone grows up to it.
I won't put bitcoin on that high level of faith, but it's comparable to understanding the value. For bitcoin, a person also needs to rise. Everyone has their path, and let people choose how to get to this path.

We all are aware that bitcoin is no longer unknown to the people and i would say now enough of the population has come to know about that something like bitcoin exist ignoring the fact at the moment that whether through negative or positive sources.The world has now been introduced with bitcoin at much big level.

But we also know that it creates some types of divisional groups or say communities like who understands it and support the usage while others who don't understand it completely or say nothing but still spread rumours about it as the market provides free opportunities to express your thoughts to others.

So we all must be familiar with meme trends these days and enjoy sharing and watching them.But they are related to something that is happening really in the market at this time (speaking generally) presented in funny manner.There are lot of bitcoin memes also but some have deep meaning in them which we need to understand.

So here in this thread i also want to share one such image which truly represents how people who don't understand shit about bitcoin have their own perceptions about it and start talking the same way about it without prior investigation which we also say jumping to conclusions fast.They have blur picture of bitcoin in their mind but still believes they know whole fu*king thing about it.

Here is the image :


See how people make their own assumptions about bitcoin without fully knowing about it? This thread has created with the intention to make you aware that all the  negative assumptions people have in their mind about bitcoin are false because they have not learnt about it in detail.

It's same like the terms you have heard many times like :

1) Bitcoin is a bubble : This is the most common thing the community has said against it from the past and it could burst anytime but they are proved wrong each time.The prices increase they say it will burst out and when they falls they say it's crash but in reality they don't know anything about it.It is a currency and like any other asset can go up and down in value so what do you expect from it? But in reality btc is needle that is bursting fiat bubbles.

2) Used for crimes : No need to say fiat is used more but spreading rumours about bitcoin is common practice.It is traceable if you don't use some mixing service but people assume it to be anonymous but in actual it's pseudo-anonymous

There are many more things which people have developed according to what they read about Bitcoin over those fake and paid articles but DYOR before that and read about it in detail.I am not convincing anyone to belive in bitcoin but if you make some efforts yourself there is no need to do that.

I have shared this image in WO but felt that also need to share along with you guys so if some newbie induces himself to be safe from some shitcoins in the market then it will be good.

Rest you make your choice but for me Bitcoin is the best.