Topic: Bitcoin and misinformation - page 3. (Read 1224 times)

I agree with this, this is really outdated. At this point, if anyone still says that, it proves they are stupid and lagging behind the world. Or they are people who don't believe in bitcoin and now they think they missed out on bitcoin so they hate bitcoin and don't want others to invest in it like them. For these types of people, we should ignore them and don't try to argue with them because their ego is very big. Even when they know they are wrong, they still keep arguing with us, which only wastes our time.

There is no need to force that to someone that we know. We're just going to be looking like bunch of scammers if we're forcing them to invest.

Been there done that.

You let them go for themselves and don't encourage people that you know unless you are their first family. Or even with your first family, let them take care of themselves with their own assets and investments.

Isn't these things been debunked? The reason why many government is accepting Bitcoin in their jurisdiction?  They just need to have regulations on how Bitcoin can be used in their country without any negative implications to their sovereignty.


I believe MMM scam had spread out in many countries.  But I think it is not appropriate to compare Bitcoin to MMM because the two are very different.  While MMM is a centralized company that is proven to be a operating in a Ponzi scheme system, Bitcoin on the other hand is dependent on the Buy and Sell demand in an open market.


Sadly people are more on gossip and rumors than digging facts.  I think it can't be help until a person is serious in learning about Bitcoin.

The government makes it look like nothing good can come out of bitcoin, they damage the reputation of bitcoin, they make a lot of people believe that bitcoin can only be used for illegal things, and scammers are making everything worse. Scammers are using bitcoin to scam people, so anyone who has fallen victim will find it difficult to have trust in bitcoin. They won’t want to do more research and discover why they lost their bitcoin, they will just change their mind and start supporting people who believe bitcoin is a scam.


You should have just explained better what MMM is all about. I am from your country, and I know how MMM caused harm to lots of people that year, but you created the thread on the general board and not the local board, so you have to explain what you are talking about so that everyone will be able to understand what MM is all about. All I will say about Mmm is that it was a Ponzi scheme, and lots of people lost money in it during that time. I won’t be able to say much about it, I didn’t focus on it because I was not interested in it, but a lot of people wasted money on Mmm in my country.


Most people don’t understand what bitcoin is really all about, they just believe what they hear on the news about bitcoin, and they all believe that without doing more research about bitcoin to understand what bitcoin is all about, Some of these people hate bitcoin for no reason, if they understand what bitcoin is really about, I am sure they will be interested in it. Some people don’t understand what bitcoin is all about, and they don’t have anyone to guide them, so whenever anyone is opportune to explain bitcoin to people like this, we should try our best to do it properly and don’t even try to force anyone to invest in bitcoin.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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