Bitcoin is only new to the newbie - page 3.

Oilacris

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Quote from: KaliLinux on September 05, 2021, 12:19:43 PM

Quote from: Zilon on September 04, 2021, 01:39:10 AM

I am still not surprised that many people leaving in this era still don't know about Bitcoin or digital currencies. I was discussing with some one about bitcoin and it's achievements over the years and how this past few years has gained massive ROI for investors and he was so concerned about how people got scammed using online platforms giving negative attributes to Bitcoin to him bitcoin is a Ponzi scheme.

Many still find it difficult to accepting this digital era because of their past experience with internet fraudsters and looters who made many bankrupt when ponzi was introduced. How do you think this stigma can be dealt with and how do we get people out of this so the don't get left out due to their FUD letting them settle on their negative notion about crypto generally would only make them aggressive with crypto investors and would still see the world the way men in the 80s saw it with lots of limitations

The thing to me is, I don't believe we can convince everyone to Invest in Bitcoin or cryptocurrencies in general even if those people have never been scammed in any way via internet scams or fraud. The human race is wired differently and people will approach investments differently. Some people already know about bitcoin and not having negative feelings towards it but still won't invest in it just for their own reason. I believe we should know that not everyone will invest in Bitcoin or accept it even with the continuous prove of success.

Just let adoption to do its move and its true that we cant really force everyone on engaging to bitcoin because not all would really be having that interest and some doesn't really have sufficient literacy on learning up something new but honestly it doesnt really need some technical or crucial knowledge to deal with bitcoin.

Simple understanding is enough but in reality this might be simple as it sounds.Lucky for those who do able to engage with bitcoin and do know on how to take advantage and grasp those chances
for them to make profits.

This isnt only talking about money making but also into its actual use-case.

Slow death

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Leading Crypto Sports Betting & Casino Platform

It's strange to hear that there is still someone who doesn't know or has never heard about bitcoin, from what I see even in my country in poorer areas (see I live in a poor country) people know about bitcoin and its great advantages and they know about altcoin and mining, so if people from a poor country like mine know this as other people from countries that are better off don't know about bitcoin and its advantages and are still talking about ponzi schemes of the past

KaliLinux

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Quote from: Zilon on September 04, 2021, 01:39:10 AM

I am still not surprised that many people leaving in this era still don't know about Bitcoin or digital currencies. I was discussing with some one about bitcoin and it's achievements over the years and how this past few years has gained massive ROI for investors and he was so concerned about how people got scammed using online platforms giving negative attributes to Bitcoin to him bitcoin is a Ponzi scheme.

Many still find it difficult to accepting this digital era because of their past experience with internet fraudsters and looters who made many bankrupt when ponzi was introduced. How do you think this stigma can be dealt with and how do we get people out of this so the don't get left out due to their FUD letting them settle on their negative notion about crypto generally would only make them aggressive with crypto investors and would still see the world the way men in the 80s saw it with lots of limitations

The thing to me is, I don't believe we can convince everyone to Invest in Bitcoin or cryptocurrencies in general even if those people have never been scammed in any way via internet scams or fraud. The human race is wired differently and people will approach investments differently. Some people already know about bitcoin and not having negative feelings towards it but still won't invest in it just for their own reason. I believe we should know that not everyone will invest in Bitcoin or accept it even with the continuous prove of success.

Pejoh Asu

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Quote from: V-t.Ester on September 05, 2021, 06:44:47 AM

In my country only totally disconnected from mass media person doesn’t know about crypto currencies. Sure only some of them invest and trade, ever less mine, but people are informed about BTC as digital money that cost excessive amount of money per coin. But it's still uncertain when they will start to use crypto, because they get sallaries in fiat, all shops sell products in fiat. People don't need crypto in everyday life. So BTC is not new but is not in very big demand yet.

There are not many enthusiasts because they do not understand and feel the benefits or profits when investing in bitcoin, indeed without bitcoin we can remain comfortable but with bitcoin investment it can help many things that I want, our role is to introduce bitcoin to the public so that they also benefit from bitcoin.

concept2

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People always changes. And this process might take a lot of time. However, they will, eventually. And if at the end of their life, they still do not want to involve with bitcoin, it is their choice. You have to respect that. But our world will keep moving on and bitcoin (as well as cryptocurrency) will be used for daily purposes. Change is necessary. Always seek for new development and enhance our knowledge.

marine4u

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Quote from: Zilon on September 04, 2021, 01:39:10 AM

I am still not surprised that many people leaving in this era still don't know about Bitcoin or digital currencies.

I think not really, in fact, for developing countries, the rate of promoting industrialization and modernization is still rudimentary and slow to progress, but people's knowledge is still a luxury. The media is mostly young people, so bitcoin awareness may be lower than in many other countries. They take time, but we should be glad that anyone who knows bitcoin is still early at this stage. Many people will be grateful for that

xSkylarx

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Quote from: swiftbits on September 05, 2021, 08:36:40 AM

These newbies should accept that Ponzis victimized them during the time it was prevalent; reliable information is more accessible now than before. The community is much cleaner now. Being swayed by scam programs and platforms is a phase that newbies usually experience; some learn it instantly, but unfortunately, some learn things the hard way. Doing our own research and asking someone trusted would help.

Yes, it is cleaner now than before. Even though there are still a few, it has failed because people are aware of it and are aware that it will turn out to be a scam. Well, I was in this phase where there were a lot of easy returns at the time, and I was also scammed when I was new to bitcoin, thinking it was bitcoin but it wasn't, so I lost hope at the time, but after a few months, I was able to recover. I believe that the majority of newbies are duped by easy money and promises of a return. However, even though you are a newbie, you are aware of it or have doubts about it.

Fesatmas

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Quote from: V-t.Ester on September 05, 2021, 06:44:47 AM

In my country only totally disconnected from mass media person doesn’t know about crypto currencies. Sure only some of them invest and trade, ever less mine, but people are informed about BTC as digital money that cost excessive amount of money per coin. But it's still uncertain when they will start to use crypto, because they get sallaries in fiat, all shops sell products in fiat. People don't need crypto in everyday life. So BTC is not new but is not in very big demand yet.

This kind of stigma needs to be clarified, that the public can actually easily be given an understanding of Bitcoin investment, if you yourself are able to illustrate Bitcoin's integration with everyday trading life. If you realize that it's all just about implementation, that investing and trading in Bitcoin is often found in the daily lives of traders, online and offline sales stores. So, your job is to be able to illustrate it all and then relate it to the current era.

swiftxi

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Its also new to us who spent it all Grin

I spent 20ish btc in the past 5 years. Sold my first @300$ and 1000$ the rest.

swiftbits

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These newbies should accept that Ponzis victimized them during the time it was prevalent; reliable information is more accessible now than before. The community is much cleaner now. Being swayed by scam programs and platforms is a phase that newbies usually experience; some learn it instantly, but unfortunately, some learn things the hard way. Doing our own research and asking someone trusted would help.

V-t.Ester

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In my country only totally disconnected from mass media person doesn’t know about crypto currencies. Sure only some of them invest and trade, ever less mine, but people are informed about BTC as digital money that cost excessive amount of money per coin. But it's still uncertain when they will start to use crypto, because they get sallaries in fiat, all shops sell products in fiat. People don't need crypto in everyday life. So BTC is not new but is not in very big demand yet.

QueenVera

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Quote from: Zilon on September 04, 2021, 01:39:10 AM

I am still not surprised that many people leaving in this era still don't know about Bitcoin or digital currencies.

Do not be surprised, we still have people that have not made use of the traditional banking system while some do not know about it . We also have those would do not have access to mobile phone neither do they have access to the internet so if there is a finding of people still yet to know about bitcoin, it can be justifiable because other technology/development in life are yet to be known by all.

While those technology are century old, Bitcoin is merely a decade old and has achieve the milestone it currently has so let give it more time and it will achieve more when the adoption goes more global than it currently is.

fileo

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Newbies that invest in Bitcoin is possible to get panic if the price slowly decrease. They will negativity feedback Bitcoin investment and possible to post in social media. They didn't realize that before they should invest, they should know first what is Bitcoin investment and the possibilities. They think it is new investment but actually not.

SmallBT

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Quote from: Kong Hey Pakboy on September 05, 2021, 03:51:59 AM

Quote from: mk4 on September 04, 2021, 01:49:41 AM

With time. Some will attempt to educate themselves online and realize that Bitcoin is not a scam, some will FOMO in at some point in the next huge price rise, while some will pridefully think that Bitcoin is a scam no matter what happens. There are enough material online for Bitcoin education; just let Darwinism take its course.

That's the most passive approach in my opinion but wouldn't it be better if we as a community at least try and continue to educate as much people as we can reach, remember that it's better to move even though you're losing than not doing anything.

We need to educate people about bitcoin.
The more people know about bitcoin, the quicker we will have adoption.

Xinarae*

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Bitcoin is only new to newcomers because they have less knowledge about the market and are more prone to scammers. Lose everything when you can't choose the right place to invest before seeing this you need to gain experience about bitcoin investment and experience cannot be gained by force unless there is a will. Manage the markets well and analyze which site is better for investing in crypto so that new people can easily learn.

Coyster

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Quote from: Zilon on September 04, 2021, 01:39:10 AM

How do you think this stigma can be dealt with and how do we get people out of this so the don't get left out due to their FUD letting them settle on their negative notion about crypto generally would only make them aggressive with crypto investors and would still see the world the way men in the 80s saw it with lots of limitations

There is actually no particular thing Bitcoin investors can do about people who are indifferent about the network, I mean, investing in Bitcoin is a personal decision and if people due to one reason or the other feel they do not want to get involved in anything relating to the decentralized network, then there is nothing you or I can do about it, but moving from the general to the personal, you can try teaching people who are close to you, family, friends or close relatives, you can try to correct some of the erroneous news they must have seen or heard on the media and swallowed it hook, line and sinker, imo, that's more like the best one can do.

Having said that, many people would get involved in the network not by anyone talking to them about it, but by just noticing how good it is, just like the scenario of the influx of institutional investors right after the pandemic struck, with the years more and more people would want to control their finances, they would want to be their own bank, thus they'll have one very good option with Bitcoin and go on to join the network for good.

Kong Hey Pakboy

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Quote from: mk4 on September 04, 2021, 01:49:41 AM

With time. Some will attempt to educate themselves online and realize that Bitcoin is not a scam, some will FOMO in at some point in the next huge price rise, while some will pridefully think that Bitcoin is a scam no matter what happens. There are enough material online for Bitcoin education; just let Darwinism take its course.

That's the most passive approach in my opinion but wouldn't it be better if we as a community at least try and continue to educate as much people as we can reach, remember that it's better to move even though you're losing than not doing anything.

Wawa2013

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Quote from: Xinarae* on September 04, 2021, 11:22:53 PM

Bitcoin is only new to newcomers because they have less knowledge about the market and are more prone to scammers. Lose everything when you can't choose the right place to invest before seeing this you need to gain experience about bitcoin investment and experience cannot be gained by force unless there is a will. Manage the markets well and analyze which site is better for investing in crypto so that new people can easily learn.

Indeed, the reality is that there are a lot of newbies who are victims of scammers, because they really lack knowledge about Bitcoin. So don't
understand how Bitcoin works, then scammers take advantage of it by offering instant profits. Finally, newbies who don't have experience too,
are more easily fooled, because beginners are still new to the crypto world. Do not understand the dangers of the crypto world without knowledge,
only people who have knowledge can avoid being scammed. So it's best for newbies to learn all things related to the crypto world, before deciding
to invest in Bitcoin.

Hippocrypto

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Quote from: Zilon on September 04, 2021, 01:39:10 AM

I am still not surprised that many people leaving in this era still don't know about Bitcoin or digital currencies. I was discussing with some one about bitcoin and it's achievements over the years and how this past few years has gained massive ROI for investors and he was so concerned about how people got scammed using online platforms giving negative attributes to Bitcoin to him bitcoin is a Ponzi scheme.

Many still find it difficult to accepting this digital era because of their past experience with internet fraudsters and looters who made many bankrupt when ponzi was introduced. How do you think this stigma can be dealt with and how do we get people out of this so the don't get left out due to their FUD letting them settle on their negative notion about crypto generally would only make them aggressive with crypto investors and would still see the world the way men in the 80s saw it with lots of limitations

I want to clarify things about ponzi, with respect on bitcoin there's a lot of schemes that used btc as their mode of investment without even letting the holders handle their asset. What they only offer to somebody was the promises that they'll earn more than their capital, and through huge expectations many innocent people fell on their traps and lost a lot of money.
Newbies without proper understanding what digital currency is, they're more vulnerable from ponzi scheme offerings.

blackened515

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Many of them have at a time been scammed by online frauders and with that experience, they find it difficult to believe anything concerning Cryptocurrency. While a lot of people haven't heard of Bitcoin yet, it sounds strange to them. When I basically want to talk about Cryptocurrency to someone new to it, I often start by explaining in a language they will understand what Bitcoin is all about, when tell them the benefits of investing in Bitcoin. However, I believe with time, majority of the world population will know about Cryptocurrency and how it works.

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