Topic: Bitcoin overshadowed by economic lie - page 6. (Read 1616 times)

I really have difficulties with the various arguments that relate to "if x had not happened, then bitcoin would have higher levels of adoption than it has now."

It just seems like failures/refusals to accept whatever is, is (or whatever happens, happens)... There are all kinds of factors that affect BTC price, and some of those factors have to do with ongoing and likely inevitable battles and manipulation attempts (whether in the realm of physically pushing the price or whether in the realm of information warfare and whether successful or not).

In some sense, any of us involved in the investment of bitcoin have to be ready, willing and able to deal with the various extremes and irrationalities that comes from being invested in a kind of battle zone investment asset.

I frequently like to assert that the powers that be are going to push bitcoin prices (and even expectations about bitcoin) down as far as they can and keep it down for as long as they can.. until they cannot do it any more, and that's part of the reason that when they lose control of the price, there ends up being various upward explosions.... .. and specifically, I like to give the example of keeping BTC below $500 in 2015/2016... at a certain point, it became impossible to keep the price below $500, but if they could have had kept the price below $500 they would have... those fucks... hahahahaha..


....and they ended up losing that battle for $500 even though it stretched on for well over a year.. maybe even a few years, if you think about it.. they won the battle to keep the BTC price below $500 in 2014 and 2015 and part of 2016.. until they no longer won it., and in some sense there was humor in all of that, so long as you continued to buy BTC, hold BTC and not to get flushed out of your ability to maintain some BTC (or even to build your BTC position during that time), even while, at the same time, there was ongoing and ever-present fear, when you are actually a BTC holder because you do not know if "they" are going to be successful in keeping the BTC price below whatever the price point might be at the time (in the case of 2016.. and even going into 2017 the price point threshold seemed to have had been $500), and in March 2017, there were all kinds of folks scared out of either buying BTC or selling too much BTC too soon or selling what BTC they had because they believed that diptwat Vinny Lingham about BTC prices going back below $500 because that is what the powers that be wanted (and were going to be able to do), and how did that "waiting for $500" work out for those folks in March 2017?  Not so well... especially, if they are still waiting or bitter about having had believed that bullshit.. and did not buy BTC or sold too much of their BTC too soon because they were "expecting a lower price."


Yeah going by your forum registration date tabas, you have had 7 years registered in the forum and perhaps a possibility of having had gotten involved in bitcoin for nearly two full cycles - however, we know that many times, it can take a decent amount of time to build an investment position - unless you are bringing resources from the outside and reallocating some of your investment portfolio into bitcoin.

A brand new investor might take 10 years or more just to build his/her investment portfolio into something in which s/he is starting to feel as if the investment portfolio is starting to become of a substantial size that is meaningful and potentially life changing.


You spend your whole post focusing on the negatives that people think about bitcoin, but so fucking what?  We know a lot of people think negatively about bitcoin, and so if the school is teaching bullshit and dumb topics, and you happen to have a kid, or a relative or even friends who have kids in school, there can be opportunties to ask the kids what they are learning in school and then to ask the kids if they believe that bullshit (if it happens to be bullshit that they are learning)..

There is always going to be a certain amount of bullshit that is taught, and I doubt that we get anywhere by merely proclaiming that everyone believes bullshit and everyone is believing in bullshit, and so when any one of us is interacting in the world, then we can talk about these various topics and to say why we believe some topics are bullshit (such as various ways in which money is used to control people).. and how other topics are more liberating and empowering.. such as bitcoin giving various ways in which people can control, preserve and manage their wealth and for sure none of the systems of disinformation are going to change overnight, but I doubt that we get very far by merely complaining that they exist without figuring out various ways to interact with such systems and continue to spread the word about bitcoin and the importance that everyone - whether kid or adult  - whether rich or poor, whether governmental representative, institutional representative or individual.. learn about bitcoin and to invest into bitcoin in a variety of ways in order that some preparations are being made for the various ways in which the world is going to continue to change in favor of more and more bitcoin allocation, and those people who are ignoring bitcoin or failing/refusing to allocate into bitcoin are going to continue to lose out to bitcoin... so that remains their choice.. and to the extent that any of us is able to interact with people in our lives and to get their attention, we can discuss these matters, and many people are way more receptive to bitcoin than we might believe so long as we continue to be persistent in our own beliefs, and even though it could take some of these people 10, 20 or more years before they finally start to recognize and appreciate the power of king daddy... aka dee cornz.

I have noticed that about people in today's society. Kids would undoubtedly choose a well-known method of saving money, such as a bank, given that kids are taught about it in class and how it operates, etc. Only a few schools worldwide have recognized Bitcoin as a subject, and Bitcoin doesn't receive the respect it rightfully deserves. Some schools don't even educate students about the significant influence of Bitcoin. because they could find it difficult to teach it in schools. In contrast to decentralized systems like Bitcoin, which are vulnerable to fraud and scams, many individuals prefer centralized systems because they provide confidence and protection for their money. They find it difficult to accept Bitcoin since they only perceive it as a difficult alternative currency, which is exacerbated by its volatility. Most people would consider Bitcoin to be a "scam" or "complicated system" if you asked them about it in this country, which is accurate given that you would require prior knowledge of this sector.

Bitcoin could likened to a candle that's burning and shinning brightly and an enemy of progress using a blanket to cover it.... Do I need to tell you what will happen? The blanket will definitely get burnt. The government has tried to halt the widespread adoption of bitcoin by spreading misinformation and promoting propaganda against Bitcoin but the harder they try, the more stronger Bitcoin becomes. They see Bitcoin as a threat because with Bitcoin they cannot control the masses, so they use the media to tell all sorts of lies. The good news is that adoption might be slow but it's spreading like a wildfire, cutting across nations and giving power back to the people.

I reckon that Bitcoin is the best asset that I've ever invested and there's no lie to that. It had even made me an investor despite of having not so good background investing. And with those people with the collaboration of media, they're portraying Bitcoin as something bad and only used by criminals or used to get paid illegal services. I think that this thought will never be gone but at least it's changing. From those people that have the idea that they'll be scammed through investing in Bitcoin, they probably have the experience of being scammed once online and that's why they don't dare to invest in Bitcoin. Anyway, results will be the noise later on and they can't ignore how Bitcoin moves as an asset that's highly volatile and they will not deny that fact once they've started to open their minds.

You are absolutely right that negative propaganda and misinformation has played a key role in shaping up unfavorable public perception of Bitcoin and this is the reason, it has not achieved the level of adoption and investment what potentially it could have attained by now. However, we need to acknowledge that there are also unique risk associated with this digital asset, such us extreme volatility which has been the main barrier to its widespread  adoption. despite all these issues, it is important to acknowledge that Bitcoin remains the best performing asset during the past more than 10 years.

I mean everyone was using fiat money and banks, comparing it to Bitcoin, Bitcoin didn't really have enough investors and users. We wouldn't really trust something that easily especially when we heard a lot of bad things about it like for example scams, illegal activities, etc. So it would make sense that even though a lot of know that Bitcoin was a great investment it would not matter to some people because they don't know what is Bitcoin and if it is actually better than fiat or as an investment.

For now, I think the Bitcoin adaptation growth increased a lot compared to the past years, there are so many platforms in my country that are starting to adopt Bitcoin even online banks were starting to add buying and selling cryptocurrencies to their platforms. So there are also a lot of people that have a bad perception of bitcoin and could easily change their mind because even legitimate banks here already support cryptocurrency. For me its already a big improvement and would convince a lot of people and investors to invest and pick Bitcoin.

Its just a clear fact that the only reason the government are against it this much is because they can't control the movement of this currency based on the decentralized nature it has. Back in my place the government had to ban all bank that are actually doing transaction directly with bitcoin and the funds that were inside these accounts were frozen. Imagine the measure taken to actually stop the spread of bitcoin but this measure didn't stop the use and spread of it as the use of bitcoin through peer to peer transaction serve as an alternative way to purchase and sell your bitcoin. But the funny part of it now is that the government are now looking for a way to actually tax the bitcoin transaction and now ready to train youth on blockchain technology  here   to help them properly understand the technology that behind this bitcoin trend. I guess this saying "if you can't beat them you join them' has surface again in the situation around bitcoin in my place. I just time will when all nations will start joining the bitcoin adopting nations like el Salvador the rests.

To us, it's called dirty competition, but for them, it's what they should do so they can continue to exist. It can be said that in any field, there is always competition, and eliminating each other is necessary if we do not want to die. Although bitcoin is still overshadowed because the negative news from those businesses or the government is spreading. But honestly, I'm not worried about that because bitcoin is really good, has real potential, and that's what everyone needs. Sooner or later, everyone will find it, and bitcoin will get bigger and bigger no matter what the liars out there do.

Bitcoin is still going in the right direction and honestly a decades time is such short to expect world wide acceptance of the same. If bitcoin had to be circulated throughout the world then imagine every type of peeps will have to come to the same page! Right now world is divided by flags, religions and their local currencies. It would obviously take whole lot of time for everyone to understand that “Bitcoin” is universal asset and it can be traded through internet anywhere in the world without any government permission or banks tedious overseas transfer remittance process. Peeps are attached to their fiat. Let us not forget there are old age peeps group, middle age groups that won’t be just ready enough to enter the bitcoin trivia because they have used fiat for more than 50-60 years! They will have to understand the entire system, look after the safety concerns, and most important they need end point payment processors everywhere so that they can spend the money.

Bitcoin is of no use for such group of peeps. I mean take a millionaire whose only time of life is to spend those millions on his/her leisure. Bitcoin is of no use because they can’t spend it everywhere they go.

Remaining youth is what making up bitcoins crowd right now. In that also many of them are victim of scams for real and thus sometime pull back to reality of fiat and solid jobs.

You and me are highly positive about bitcoin because we are maximalist for the same. We keep talking about it every minute so that’s entirely different story.

All we can do is, give it time to prosper through proper channel.

In my opinion, bitcoin, even though it has been more than a decade, still cannot be called long in this world because of course bitcoin needs a process to be accepted by everyone.
 pros and cons of course there will always be.
so i think we as btc holders should take all of this with a positive response.

and indeed there are always people who have a negative view of btc
and in my opinion the reason they underestimate btc is because they don't know about btc and how to invest properly.

so we have to respond to all this positively.

What do you expect from those Big businesses ? if I remember it right , there is a person who invented a car that can run using water but what happened?
while in a Meeting to a potential Investor(though maybe a paid by Oil Companies) he is poisoned to death but says a natural death , and right after His death?
His shop was being destroyed , so what is the difference of this from bitcoin?
those businesses will destroy anything or anyone that may hinder their money bagging.

Yes, it's understandable Bitcoin volatility is a double-edged sword while it can generate significant returns for investors, it also makes it difficult for the general public to see it as a legitimate form of currency. This perception is compounded by a lack of education about the cryptocurrency industry, which makes it appear complex and inaccessible.

This is where the importance of education-based humanist education and understanding to use it properly. As more people become educated and become aware of the potential benefits of Bitcoin, such as increased privacy and reduced transaction fees, the perception of Bitcoin as a complicated or fraud-like system may gradually change. For the cryptocurrency community let's continue to advocate and educate others about the potential benefits and uses of Bitcoin.

You know one thing in this world when someone wants to tarnish you with no course. They would used one big lie level against you. And that is what is happening to bitcoin. Since government and it's authorities hate bitcoin, they are using or calling it with different names which has nothing to do with it. But they will not succeed with their evil plans. Bitcoin has come to stay and nobody can do anything again. The only thing they can try to do is to centralized the system so they can control it which the most impossible aspect of it.  The decentralized nature of bitcoin is really giving them more reasons to hate it. But p2p has make it easy for us so we are not waiting for banks to do any transactions.

It's true that misinformation and negative propaganda surrounding Bitcoin has led to a lack of widespread adoption and investment in the asset. However, as more people become educated about Bitcoin and its potential for long-term growth, we may see a shift in attitudes towards it.  makeWhile there are risks associated with any investment, the potential rewards of Bitcoin cannot be ignored.

I doubt that the evolution of systems are as clean as you seem to be suggesting them to be DaNNy001.  Sure there is likely evolution in systems and frequently there are systems that are overlapping one another and even difficulties to be able to figure out which system is better, so people make choices regarding how much of their own value they are going to put in each of the systems that exist, and whether it is potentially to their benefit to either place value in new systems or to retain value in already existing systems.

As individuals our lives are finite, and we cannot be waiting around for new systems to take over, and there may well be set backs along the way, so we continuously will be needing to determine how to allocate our resources, in order that we might feel that we are making decisions that are better for ourselves and maybe even accepting that we may well make some mistakes too.. in terms of how much to allocate or how to allocate.

For example, it could take anywhere between 50 years and 250 years or maybe even more for bitcoin to really become embedded as a reserve system.. and sure some people consider that it could take ONLY 20years, or that our current system may well come crashing down at any minute, and so in those cases, we may well want to be mostly allocated in the new system rather than the old system, and for myself, I would not feel comfortable overly allocating into "the new system" if the odds of such a calamitous crash is not very likely.. and not even as close to as likely as a lot of the dooms-dayers want to proclaim, yet at the same time, none of us would necessarily be hurt if we might end up ONLY allocating 10% into the new system rather than 100% - even if such a calamitous outcome were to end up playing out.


For sure you are right about these matters thecodebear, and one of the things that I frequently tell these dumbass bitcoin naysayers (bitcoin deniers; fence sitters) is that it is way the fuck better to just put a small amount of their wealth into bitcoin, such as 1% of their investment portfolio rather than for them to continue to sit on their hands and end up doing nothing.. so in the longer run, yeah maybe bitcoin does not end up going up and in that sense they have ONLY allocated 1% to it.. but at the same time, they may well falsely conclude that pro-bitcoin folks (such as many of us longer term forum members) are trying to sell them something, and many of us could give less than two shits about whether they get into bitcoin or not, and it is merely to their advantage to get some kind of stake in bitcoin rather than to ongoingly (and likely wrongly) presume that bitcoin has reached its peak.. there is no more profit potential.. there is a lot of downside risk and blah blah blah nonsense failures /refusals to invest any energy into looking into it further and/or putting some kind of financial, psychological and/or time stake into it... so yeah, in that regard, they end up getting into bitcoin at the price that they deserve, even if the BTC price ends up being way higher than $1 million before they start to realize that it (bitcoin) is not going away, and it (bitcoin) happens to be more of a thing than they had (likely wrongly) presumed it to be.


You are not wrong, Kakmakr.. .but still there is something wrong with your framing.

There are a lot of outlets to spread information these days; however, large financially backed institutions (including media institutions) remain scared of bitcoin and even scared of decentralization and even scared of what various aspects of decentralization represents, so in some sense there is a kind of battle in terms of the ability to spread the news (whether true or otherwise) - which also happens to be tied in with finances and government, and surely news and information (and truth) should be products of the people - yet it is likely that various news sources have been based on various kinds of centralized control of information (and money) in that they end up perceiving bitcoin and non-centralized forms (forces) of information to be threats that they have to battle through whatever means that they perceive might be able to preserve the various status quo arrangements... Even some of the adventurous news entities have troubles to actually attempt to describe bitcoin for what it really is and for what it really represents, and from time to time we do get some of the individuals and institutions to be breaking out with pieces of information that are factually and logically accurate rather than misleading.. but then there could be backlash that ends up coming from the information that comes out in such ways that we continuously have both lies and truth being spread at the same time and various kinds of internal and external battles to try to figure out what it is that people want.. and trying to figure out is bitcoin good or not good, and do the various spokespersons actually know the difference between bitcoin and shitcoins when they are trying to represent what is happening in light of what has already happened, where we are currently and where we might be going with these various matters that also include scams (in the space) and a large number of legitimate purposes too.. and which parts of the news happens to be more interesting.. the scams or the legitimate purposes, and do they feel comfortable to talk about the various legitimate purposes without potentially subjecting their news organization to a law suit or even prosecution for promoting tax evasion and money laundering?..   

Actual peer to peer  that is backed up by computing power that is located all over the world (including being embraced by some possible enemies) brings a lot of power to individuals (good guys and bad guys), and ain't nobody gots time for that, right?   

I think it's for those who are aware of this, either individuals or groups to educate themselves on the potential benefits and risks of investing in Bitcoin and stay up to date with the latest developments in the market.

This can involve seeking information from a variety of sources, such as industry experts, financial advisors and reputable news outlets. So that way there is a good filter and not quickly consumed with negative propaganda issues and misinformation that can eventually create barriers to Bitcoin adoption.

Well, For a stigma around Bitcoin in certain countries in my opinion it can be discouraging to potential investors. I think that here the role of government is seen as necessary. It is very important for the government to provide accurate and impartial information to the public about Bitcoin and other cryptocurrencies, and to develop a regulatory framework that protects investors while encouraging innovation in the industry.

While I agree with the fundamental sentiment of your worries, a few points to consider:
- the current age of around 14 years for Bitcoin may seem long, however it's not compared to any other payment method or store of value. Adoption for completely new technologies tends to take longer than one may thing. Mainly because the original structures are strong and working and people tend to be very inflexible when it comes to completely new things they are not familiar with or that are kind of hard to grasp in the beginning
- The general sentiment of Bitcoin in mainstream media may still be slightly negatively biased, however more and more you can hear and read reasonable voices on the topic of Bitcoin - usally coming from those that did indeed spend some time for real research about it.
- Bitcoin does not have a massive marketing department - every little bit of adoption comes either from a real need for a new payment and/or store-of-value-soluton or because a company or individual is convinced that Bitcoin does indeed provide something, that is not achiveable with fiat etc.
- I believe the stigma of Bitcoin as a scam is slowly but surely disappearing. Yes, it still exists but there are a lot of resources now clearly showing it is the opposite of a scam - a true revolution in digital trust that is.

They can spread misinformation, because they have control over mass media platforms and there are nobody concentrating on spreading the correct information. Do you see billboards saying "Bitcoin is not a scam" or educational programs on television to educate people on the facts?

No, we do not have centralized organizations stepping in to fund campaigns like this, so people listen to what mainstream media are saying. Where are all the companies that are making millions from Crypto currencies? Do they really care about the technology or do they care about the profits. 

Yes it is unfortunate that the layer of misinformation over Bitcoin is so thick. But that's because it is a new technology. It's been around 14 years yes, but it was only 6 years ago that most people even first heard of Bitcoin. And most people only know about Bitcoin because of the price. They literally don't know anything else about it, so it is easy to believe the false negative stories that are commonly put out about Bitcoin.


This will change over time, but it will take a long time to get people educated on Bitcoin and to understand what it is other than just some asset with a very volatile price. And volatility scared people, because people focus on the fear. Even though Bitcoin every market cycle gets significantly more valuable, most people think it is some sort of a scam because of the crashes. The mind more easily focuses on fear and so people focus on the crashes and ignore the fact that even with the crashes Bitcoin always goes up in value.

A few years ago I showed a coworker the long term chart of Bitcoin, showing him that it always keeps going up. And a short time later when I was talking to him about Bitcoin he said "but it always crashes!" People remember the crashes and ignore the long term gains because fear is their overriding emotion.


Bitcoin is still new and it'll take many years for the lies to fade away and for people to see it as a revolutionary money and technology rather than just a scammy asset. But it'll happen. It may take a generation (once the 30 years olds have grown up with Bitcoin being completely normal and the 60 year olds have had decades to get used to it). But yes it will happen.

That's the whole evolution theory I have been trying to emphasise, bitcoin adoption and resistance now is actually natural because the world financial system is about to go through a massive change, which i can i say have already started@#el salvador and its only normal for the current system to resist as its a show of tussle of power but its quite unfortunate that no one actually can cheat evolution as humans are bound for changes and this change in the financial sector will definitely come to realization whether the FCK face banks or government likes it or not. Before now the world was using the barter system then we evolved to cowry then metals then paper and now digital so time is
the grandmaster of everything and we all have to wait patiently for his final verdict.