Topic: Bitcoin overshadowed by economic lie - page 5. (Read 1616 times)

Expecting the government to say something good I think this is just a waste of time because it is very likely, only seali say bitcoin is good even now only a few fingers do that because they realize if they do that to bitcoin then they will definitely will get a boomerang.
I personally don't really expect something like that because this is a condition that really isn't really possible either.
The most important thing is as long as they don't cross the limits with bitcoin then it's already very good with regulations that can be said to be soft enough and I can still access it without fear of anything then that's enough for me.
Even though the government's acknowledgment will ultimately determine a better fate, but on the other hand it is clear that the possibility of such a thing from the government is small and even tends to be impossible.

Something is really not clear when it comes to Bitcoin, is like the government doesn't want a situation where the public would only be in control over their money, they also want to know what revolve in an individual account, the governments of some countries let me say like mine, give negative impression about Bitcoin and it's also makes the public to abstain from it [Bitcoin].
Yes we have lots of scammers when it comes to dealing on Bitcoin but if they [They Government] don't create a good picture about Bitcoin I don't see it coming out plain to the public especially the old ones. No matter how it is been said I don't see these lies dying off any time soon.

For anyone who has actually come to realize that bitcoin remains the main prize, then it is quite likely that upon a 10 year or longer time horizon,  they are going to be way advantaged as compared to the overwhelming majority of people in the world who still have not arrived at that realization in regards to bitcoin. 

So of course, there are no guarantees, but even if you had fucked up a lot in the past and made a lot of mistakes, if you become somewhat prudent in terms of stacking and accumulating sats, even if it might ONLY be $10 per week (but surely preferable if you could at least do $100 per week - but each of us can ONLY do what we are able to do in terms of our budget), in 10 years, you will have been able to experience more than 520 weeks of sats stacking.. (52 weeks per year).. so those weeks can add up and also you can reassess your finances on a regular basis in terms of how much you are putting in and if you are being sufficiently aggressive without over doing it.

There are likely a lot of people who still are NOT going to get started in their sats stacking journey until one or two more cycles down the road, and even though there are no guarantees, it is likely that anyone starting stacking sats today.. or even in a recently short history of ONLY having had been stacking sats for a short period of time, are still likely going to be way ahead of those later arrivers to bitcoin who are likely going to be starting their sats stacking way down the road.. perhaps 1 to 2 cycles or later down the road..


I believe that it is not as simple as you are proclaiming it to be famososMuertos.

A lot of people are still mislead by information and/or being able to sort through information that they see and to figure out the better information from the worse information, and even real smart people have difficulties with recognizing and appreciating good information as compared to bad information.

Here's a good article on the topic.

Why The Yuppie Elite Dismiss Bitcoin


I doubt that you are going to get a bitcoin friendly mass PR campaign beyond having those duties carried out for free by various BTC hodlers.

Shitcoins, fraudsters and scammers have mass-friendly PR strategies, and sure good luck with not getting deceived by those various campaigns.
 
Part of the issue of not having centralization is that bitcoin does not have a budget, and the best campaign that is carried out in bitcoin comes out from HODLers doing it for free... and another best way for bitcoin to campaign, is actual facts that are likely going to continue to be shown through gresham's law .. but those kinds of gresham law dynamics tend to be more obvious over longer time frames.. and for people who are able to distinguish better money and worse money... spend your worse money first, but does not mean that you should be holding it... to the extent that you are able to manage your finances sufficiently well in order to be able to have money left over and able to invest it.. then what you going to invest into?

Sooner or later people are going to figure out that bitcoin is superior, even though it could take 20 to 50 to 150 years to really start to get the momentum and to stop getting tricked by the various snake-oil salesmen imitations.  A lot of people love to believe snake oil salesmen, and there are lures for any of us to doubt our bitcoin convictions based on the varying ways that shitcoiners are attempting to appeal to us, even though the facts of strong money and the strongest money that the world has ever seen (aka bitcoin) is right in front of our faces. 

Anyone can get lured into believing that they are smarter and going to beat the market by failing/refusing to invest into bitcoin and investing into various inferior asset classes (including shitcoins and also including various other ways that people are lured into either not investing or investing poorly into various inferior ways).


Exactly.  Each of us has to have the conviction to NOT be lured out of our bitcoin... and there is ONLY so much that any of us can do in order to persuade skeptics to start to allocate to bitcoin, even if they might start out small and build up over the years after becoming more and more familiar with bitcoin.. so yeah.. it can take a long time to build up a position, and even in the process of one or two bitcoin cycles, even bitcoin HODLers can get shaken from their position to sell too much BTC too soon or to fail/refuse to sufficiently and adequately stack up BTC in order to sufficiently/adequately prepare themselves for possible upwards BTC price moves that are likely to come, but that are not guaranteed to come.

Even if the intention is something good but on the other hand I would not really believe that it is useful because in my opinion with conditions like this convincing that we are different is tantamount to a defense as well as in this case by claiming that bitcoin is very much different even if it is true it will make it seem as if this is an excuse especially saying to people who are skeptical of bitcoin.

Skepticism like this will continue to exist and indeed will continue to exist but I think it doesn't matter for that, I personally feel that there is no need to convince skeptics that what we choose is right because indeed they have their own perspective and we have our own perspective. I'd rather continue to convince myself that this is a very worthy thing rather than telling others especially the skeptics. The risk is obviously there when we say this is a feasible thing such as when there are people who are interested it will focus on us because we are like inviting them, on the other hand for skeptics will always make this a defense reason even though what we say is true.

I mean, you have said it yourself, the public does not buy into Bitcoin even if it has good price history because it was involved in many scams. These past few months alone, many rug-pulls and scam coins have been exposed and brought into the mainstream and many people associate cryptocurrency with Bitcoin, they would have assumed that Bitcoin may also be another crypto scam.

Bitcoin really needs a mass-friendly PR strategy launch to distinguish itself from fraudsters. Spread awareness and information that can be easily understood even by the most computer-illiterate, maybe even publish real experiences of people who gained something out of Bitcoin. But that would be really difficult since Bitcoin is not really a company so it must really to its users to uphold its image.

I think that this opinion matrix wears out over time, I think it is something more generational, "lies" on the part of governments have always existed and will exist to benefit, it is well documented how dictators and politicians have used traditional media to guide the lies over the truth.

And that is where I say that it is generational, each generation is not so "dumb" to not understand things on their own, they may tell you lies and manipulate information but today we live in an era of so much information, check it yourself.

Therefore after so many years, adoption opts for the generational laziness of some, we live in an informational era that if they tell you "truths" you check them, it's simple.

Thanks for your great reminder and concern, don't worry. I've been into the bottom rock situation of my life and that's why I'm just trying to be the better me with the hopes of having a greater future with these assets, mainly with bitcoin. But at the same time, I don't want to compromise my future and still making myself aware that unexpected things might come in terms of these decisions that I've been holding not limiting only to bitcoin but also to the performance of the other assets that I am holding and soon, may be added to my portfolio. I'm still not firm with my plans beyond 10 years but, hopefully that this bitcoin ride and journey that we all are having will set us for life and that's what I'm leaning and moving forward to everyone's success and not to panic when bad times comes again after such bull runs.

The skepticism and doubt surrounding Bitcoin is not surprising given its disruptive nature and the traditional systems it threatens. However, history has shown that innovations and advances often face initial resistance before gaining acceptance. Yes, that's right I think it's important here to critically examine sources of information and not take negative narratives for granted without research like you mean. Only by challenging the prevailing notions can we move towards a more open-minded and informed society.

Bitcoin can potentially disrupt the current financial system, which could pose a threat to the interests of elite class in every country. This is because Bitcoin has the ability to empower common man/woman, therefore they won't let it happen so easily and use media and all other power centers to create obstacles for Bitcoin wide spread adoption. Despite all these challenges, I think there is significant number of people who consistently support Bitcoin and its potential to create a more transparent and equitable financial system.

Yes, I agree that it's important to continue educating those around us about the fundamentals of bitcoin. After all, no matter how much a government discourages its citizens from doing so, that won't stop the bitcoin from progressing, and I'm confident that the number of investors in bitcoin today is rising. Those who are discouraged by the government are those who don't want to advance because, as citizens of a nation, we all recognize the difficulties that arise as a result of the actions of the latter. Even while it is our duty as citizens to uphold the law, there are moments when we require our own independence from government misrepresentation.
The government simply wants people to trust in banks, thus scammers these days are more interested in banks than bitcoin. There are some things in life you have to take a risk to succeed. Not only bitcoin but also banks have been scammed this days.

The government, media channels, and banks are fighting war over Bitcoin. These bodies won't let bitcoin outperform them in a few years without attempting to destroy it with all the lies and resources they can muster. But no matter what they do, Bitcoin will keep winning the battle race.
The best aspect of everything that people are starting to understand and accept the fact that Bitcoinn has good intentions for humanity, but the government prefers to portray it negatively through the media to prevent people from accepting it fully.

there will always be pros and cons regarding bitcoin, and i as a bitcoin investor would not care about people who don't like bitcoin.
and I think even though we are bitcoin investors, I still want to be friends with banks and governments because after all we still need banks and governments.
so I in this case try to be positive and for sure I invest passionately in btc because investing in btc is something that makes me happy and full of freedom.
so we have to address all of this with full discretion.

and most importantly, in my opinion, this btc investment must use idle money and must be ready when the money is invested
in btc lost. because usually what causes someone to look negatively at btc is because there are people who are frustrated by losing money as a result of investing in btc.
and people who invest don't know the science of investing in btc.

So try to be a smart investor.

Businesses that millions of dollars using cryptocurrencies like exchanges, casinos, DeFi, GameFi, NFT, and all other kinds of projects, don't really care about it at all, and all they do is only their own businesses and not aimed at empowering the technology or Bitcoin at all. Even if they show support over social media or anywhere, that is just to get more attention towards their businesses.

What I believe is that even if they have access to mass media and can spread wrong information on a very wide scale, the success of Bitcoin won't be much affected in the long run by all that, and it will come out at the top eventually.

This is right approach to make efforts towards educating family members, friends and community about benefits of Bitcoin. it is a good way to raise awareness about its potential to transform our lives and change the current financial system based on fiat currencies which is showing signs of cracks.

However, it is also important to note that there are risks associated with Bitcoin, such as high level of volatility which we need to learn to manage them effectively to mitigate their impact.

 It's a normal occurrence for the media to spew lies about Bitcoin because somehow, they only have to do what their bosses tell 'em. The government has always being anti Bitcoin since it's being viewed as a threat to their role as the sole providers of the security to your funds.
 It is true that Bitcoin's growth is being overshadowed by economic lies reason behind this is some people find it difficult to adapt to change, are more interested in the traditional way of banking. And as such are easy to be manipulated when ill is said of the digital coin.

bro i agree with you actually our duty is to inform people about bitcoin and attract people about bitcoin it is good for all, another thing when people who are against bitcoin can't stop it everyone is watching how it is developing that's why everyone is getting so much attracted  And Tarabi is hiring and hopefully it will reach all locations around the world

The government always prevents citizens from getting involved in bitcoin investment because they can't control it so there will be pros and cons and this won't go away because some media are certainly more inclined to the government so that they corner bitcoin into a bad thing while those of us who have been involved in bitcoin for a long time will think positive and still believe bitcoin will be much better.

Even now, there are still negative views, including in several countries, they always give bad remarks about bitcoin, and don't respond too much to them because basically bitcoin has never been controlled by anyone.

The reason why I've always believed bitcoin has limited supply, the more demand in the market and the stronger the technology, the more meaning we make it easier for transactions between countries without going through any bank because the bitcoin P2P system.

The side of the media that feeds the unsuspecting public with lies, propaganda and gross misinformation about bitcoin are the pro-government media and this agenda is being aggressively pushed by the traditional financial sector.
They cause fear, doubt and anxiety so that people will not invest in bitcoin. Even though bitcoin is a highly volatile asset these people know the real truth about its future potential. I feel that traditional media and the garbage they serve the public should be boycotted.

Well, be careful tabas.

I know that a lot of people get tempted to trade and they also get tempted to try to accelerate their returns based on volatility, including that many of us likely realize that volatility in bitcoin is inevitable, but we still cannot really have any level of confidence in short term volatility, even though we likely can have a decent amount of confidence that if we continue to accumulate bitcoin and not get too risky with our approach and do not fuck around with trying to gamble with our bitcoin, then likely we can continue to build our bitcoin holdings over time, and maybe it could still take 15 to 30 years before we really get to a financially comfortable position (and that is not even guaranteed), and our odds of getting to such financially comfortable position is better if we continue to build our stacks of satoshis.. and then maybe at some point into the future, we will be able to recognize that we have a decent amount of financial cushion and we have largely reached the goals that we have set for ourselves, whether we want to reach a kind of fuck you status or if we merely want to just be better off than we would have had been if we had not invested into bitcoin.

Accordingly, if you measure getting to fuck you status by the amount of annual income that you have built up, then you may well need to get between 20 to 30x the size of how much that you need per year in order to be able to feel comfortable in terms of living off of that amount, and frequently people will get greedy before reaching those levels or maybe not be able to manage their wealth once they have reached a full years of income within their investment portfolio.. so it can take a lot of discipline to continue to pursue and persist and to not lose your principle when you have reached 1x your annual income and in the process of trying to get to a decently high level such as 20x to 30x.. and yeah, I understand that a lot of people do not make it, and yeah, I understand that some people believe that they do not need 20x to 30x, so those kinds of opinions can vary in terms of how much is needed and how to valuate the value of your assets (which ones that you hold - hopefully including but not necessarily limited to bitcoin... and I am not referring to any need to hold shitcoins, even though some folks might choose to hold some shitcoins).

Yes, gone through with 2016 and 2020 halving and saw the cycles how it had through and done many mistakes as well. But despite that, I did some allocation into some other investments and ventures and still have the most chunk of my assets in bitcoin and vice versa. And all of that thanks to Bitcoin that has likely it's the one that has pushed me to go into learnings more about itself and what's actual investing. So, it's like one asset/investment but had taught me more about the actuality of investing, for real.

Exactly, I've understood this by looking at the stock investors and traders. I've got nothing against them but I've learned this from a friend of mine that's investing into stocks and had expressed that he's optimistic with it but it's a slow progress unlike what we've got with Bitcoin's volatility which I like more obviously.