Topic: Bitcoin overshadowed by economic lie - page 7. (Read 1616 times)

Even if you are able to use various search functions and/or you have potential access to "good" information as opposed to "bad" information, there are still needs to employ critical thinking in order to attempt to figure out what is good information and what is bad information.  

The development of good critical thinking skills does not come easily, and many times people might believe that they are employing good critical thinking skills merely because they are skeptical of the views of others, but still NOT necessarily easy to figure out why some information is better than others, and why some sources of information are better (and more credible) than others.  Are the sources showing their work and showing actual facts, or are the sources merely giving conclusions and you are supposed to agree with certain sources because the conclusions sound "right."

Many times bad information will be presented in very persuasive kinds of ways to make it seem as if it is good information when it is not.  It is not easy, and frequently a lot  of uneducated people still will come to the wrong conclusions, and it can take a while (including maybe that their friends start to tell them that the information that they had been believing and/or relying upon was actually wrong).


I doubt that there is any need to accept such labels and/or characterizations in order to continue to press on with potentially steadforth ongoing pro-bitcoin messages, even if there might be some need to acknowledge that some folks will perceive bitcoiners as nuts, but that remains their own issues rather than the fact that there is any kind of need to accept such framing.. even if there are plenty of others who believe such nonsense.

My approach continues to emphasize that almost everyone needs to get the fuck off of zero, even if they might choose to allocate in fairly whimpy ways.. and again that is on them in terms of their level of allocation into bitcoin psychologically, how much they study it and/or financially...

Also having a 4-10 year or even a longer investment timeline should help to demonstrate that bitcoin remains a long, rather than a short play, and even some acknowledgement that there may well be a decent amount of negative BTC price performance in shorter term periods and even in the long term there is no guarantees, so each person needs to decide for himself/herself the amount to invest and the ways to invest, even though I surely do not mind to give some suggestions, such as saying that there starting out at $100 per week might be good, but if there are some inabilities to afford $100 per week, then perhaps $10 or some other amount that might be affordable, and also the person may need to get their financial shit together (and their psychology) in order to even be in a position to invest into bitcoin or into anything else, part of the problem with a large number of folks is that they are not even in a position to invest into anything because they are unable to live within their means and/or to adequately handle their psychology and/or their finances.. so many times the bitcoiners would not be the clowns, to the extent to which they are exercising reasonableness and prudence in their own approach to bitcoin and sure, no problems with being somewhat aggressive in terms of investing into bitcoin, but there are also needs NOT to either overdo it or to gamble or to get yourself into any kind of pickle because you are too busy having fun and too much acting the role of a clown rather than someone who is attempting prudent, practical and reasonable investment approaches that may well be of a kind of 4-10 year time horizon, and surely it may well be an investment timeline that is much longer than that - such as in the neighborhood of 20-30 years.. since building an investment portfolio can take a long-ass time, even when the investment seems to be such a good one.. such as bitcoin.... or even somewhat bitcoin dominant.. and yeah some people come to bitcoin who have already built an investment portfolio, so they are largely just diversifying into bitcoin rather than starting from nothing.. so there can be variations of status that could cause they movement from accumulation status to maintenance status and or to liquidation status to be shorter for some folks who might be starting out with larger quantities of wealth (and/or a larger investment portfolio).

Uneducated people are left-out from bitcoin because of their lack of knowledge, but these negativity is spread by well-educated and people with authority. Uneducated people don't go the extra mile to spread unnecessary negativity.

Adopting new technology for people who don't have prior knowledge is hard, take internet as an example, people used to make fun of internet when it first came out but now life without the internet is unimaginable. So btc adoption will take time, it is normal that people have negative views about bitcoin.

The banks versus Bitcoin or cryptocurrency is the situation. It is a war situation because while the fiat banks don't want to loose its credibility, customers and importance in the society, crypto assuredly sets the tone of commerce with proof of work, speed of service and reliability, mostly as regards P2P transactions.
Bitcoin will continue to be in the shadows for now, unless the government openly acknowledge its existence and thus adopt it as legal tender.
We will keep hearing lies and experience market economic manipulation in order to hide how the traditional fiat system s inefficient in its service delivery method.

It is going to be interesting how the public image of bitcoin evolves during the next years as a great deal of that misinformation is being spread by politicians and bankers, misinformation which is later repeated by the mainstream media and then by all kind of people on social media, so while I expect more people to wake up and see bitcoin for what it is, I doubt that politicians will stop spreading that false information, and if anything they could intensify their attacks as a higher bitcoin adoption is precisely what they do not want to see happening.

I would say majorly of those people who see negativity side of Bitcoin are mostly uneducated. Not all people invest in things because they feel is safe, some do base on referrals and the availability of money.

The old system always fights back before the adoption like the new technology such as TV or cards. Before the TV was widely used, the radio companies also resist. So far even when the bank and government were trying to suppress BTC, its price and adoption are gradually rise up and is adopted.

The crisis the world is experiencing I think helped the BTC adoption, including the inflation which the BTC narrative about it is proven to be the greatest hedge for the declining value of currencies.

Yep, in rough terms, things like this are still easy to manipulate. sounds harsh, but believe it or not, current facts can indeed lead to something like that.
Even though in terms of using social media we can do whatever we can do but the fact is that with their power things like that can be embedded and indeed when looking at some of the conditions for social media, there is not a lot of information that actually could have been deepened if it had deviated from its initial function.

So that with things like this, bitcoin will still seem to have a bad stigma and it will continue to be maintained even though this is indeed like an open secret that is definitely known and understood but it is difficult to prevent such things with our strength as ordinary people.

Even though it's like that, I quite agree with what you said, because there really isn't anything that can stop us regardless of the conditions, everything will still be the same as long as we really believe in bitcoin, that's enough for ourselves.

Oh man, the fibs, the fake news, the skullduggery! It's enough to make any crypto buff weep into their altcoin stash. But don't sweat it, buddy! Keep buying Bitcoin and staying woke, and we'll conquer this storm of deception and come out on top.

Yeah, BTC's price might be squashed for years, eons, millennia even (alright, that's a stretch), but we gotta hold tight to our beliefs and our stacking tactics. C'mon, what's a smidge of suppression when we're in it for the long haul?

So, let's fix our gaze on that sweet crypto trophy, keep beefing up our Bitcoin smarts and collection, and never back down from the fake news and hogwash. We got this, gang—even if we're rocking clown shoes while we do it!

You are right, but people always have their final decision to make before carrying out any investment. Some people also invest wrongly in Bitcoin, and when they don't see the desired results as soon as possible, they become confused or traumatized and can believe some fuzzy and inaccurate information about Bitcoin. I just feel sorry for some people who don't have right-hand information about Bitcoin and who doesn't also read and learn; such people are the ones who can believe in this stigma that tries to overshadowed Bitcoin.

In the early days, I did not have anyone to give me good knowledge about Bitcoin. Knowing that I have managed to learn a lot and am still learning, why will some bullshit fuzzy change my perception? Hell no! Whoever is investing in Bitcoin should just really be sure they know what they are doing and are doing it right and not out of greed, because some only think they can become rich overnight because of their investment.


In a nutshell, all investments have little or huge risk attached, but the most risky thing in Investment is not knowing the risk involved at all and preparing for the different results that are likely to arise. I say this because some people who are buying Bitcoin now think that during the halving, the bull market will strike and they will make a hell of a lot of profit, but perhaps they should also assume and consider if they can hold and wait a little longer if the bull market does not just suddenly strike after the halving.

We can't do anything about those people who are still ignorant in this market.
Not many people have the initiative to do their own diligence to inform themselves.
Some are even spreading lies or fud without substantial proof. Ignorance is the common reason why many people are still hesitant to touch this market.
We can't also force these people to learn about this currency. Only time will tell when will they realize the truth about this market.
Til then, we are lucky that in today's generation, it is quite easy to search basically anything under the sun. Just use the search button and you're good to go.

It's unfortunate that there is still a lot of misinformation and stigma surrounding Bitcoin and cryptocurrency, preventing many people from realizing its potential as an investment opportunity. While it's true that the cryptocurrency market can be volatile, it's important to remember that any investment carries some level of risk. With the increasing adoption and mainstream acceptance of Bitcoin, it's possible that attitudes towards it will shift in the coming years.

In some sense the lies suppress the BTC price, and so those of us who can see through the lies are advantaged, in the sense that we have asymmetric information and so if we continue to buy BTC, then it seems that sooner or later, the abilities to fight the actual truth of bitcoin are going to end up resulting in BTC price rises beyond expectations.. while in the meantime, and in the shorter run, the BTC price could still end up being suppressed for years, and years and years, and maybe even suppressed for decades.. so in that sense, to continue to take into account what is actually happening, how much BTC are we individually accumulating and what remain our strategies to continue to build our bitcoin education and our bitcoin portfolio without overdoing it and without getting discouraged by the ongoing misinformation campaigns (aka lies) that exist in the world?

I believe that the government is the biggest reason why bitcoin acceptance is still low because they have fed people in their society misinformation about bitcoin, and people are now afraid of it because of what they have heard about it. Then there are the scammers, who currently like to target people who use bitcoin and other cryptocurrencies.When people see that someone close to them has been scammed in bitcoin and other cryptocurrencies, they will be scared about how they will allow their money to go in there. However, I believe that all of these things are happening due to incorrect information about bitcoin that people are telling, and some people become discouraged when they come to learn bitcoin but realize that the process isn't easy.

Do you say this because of the similar (deceptive) strategies that altcoins and exchanges take toward the individual? Market manipulation, false promises, etc.? If this is what you mean then I do agree with you, though this is definitely being weeded out over time. People are becoming more knowledgeable and with more knowledge means more power to be able to avoid the fly trap of these tactics.

If you are talking about the entirety of the industry, including Bitcoin and what it is all fundamentally about (economic freedom, privacy, self-sovereignty and so on) I do disagree. There are good and bad parts of every budding sector and Bitcoin/cryptocurrency is no exception to the good and bad parts...overall, it is good.

With bad experiences comes growth. A bad experience with a banker might lead a normal person to another banker. A bad experience with an altcoin or market manipulation will (hopefully) spark the knowledge to be able to deter similar mistakes again in the future, and help others to do the same. So even though people might fall victim, ultimately it is for the better.

This post got a bit longer than I anticipated - partly because I read the whole thread, and there were several good points that I wanted to respond to. 


Fuck crypto.. This thread is about bitcoin, and not about shitcoins...and surely part of the lies and disinformation talking points that we find involve confusing and convoluting ideas regarding crypto and somehow implying that maybe you are talking about bitcoin, too?  maybe?  Are you talking about bitcoin or some other amorphous and confusing topic? 

Those links that you provided fathafraink are gobbledy-gook too.. since there is a need to clarify the extent to which you might be referring to bitcoin or some other vague thing, and if you are referring to something other than bitcoin, then what is it that you are referring to? especially since there is no such thing as crypto.. except for people who are: 1) purposefully trying to confuse matters (such as shitcoin pumpers or bitcoin naysayers), 2) people who do not know what the fuck they are talking about (such as no coiners or shitcoin pumpers) or 3) people trying to appear smart (by abstracting away the word bitcoin from their discussion points) (such as shitcoin pumpers, bitcoin naysayers, no coiners or confused folks).

Which one of those are you fathafraink?  Are you more than one?

Also, you did not use the word bitcoin at one place in your post fathafraink.  Do you know what bitcoin is?  Do you know the difference between bitcoin and shitcoins?

Perhaps if you rethink your post in terms of talking about bitcoin first, then sure maybe it could make sense to talk about shitcoins too.. perhaps?  perhaps?   Maybe you should try rewriting your post and include the word bitcoin in various places, and then see how it goes once you rewrite it?   

Surely, many forum members realize that there still is a need for a lot of folks to both figure out what bitcoin is and to make sure that they understand that bitcoin is the leader in this space, and hopefully forum members can attempt to figure out how to stop using dumbass vague terms or try to appear to be smart by describing the "crypto" space.. and thereby muddying the discussion points.  Maybe you made a mistake fathafraink?
 
Focus... if you figure out how to talk about bitcoin first, then it will likely help you to focus in whatever it is that you are trying to tell us too... and maybe if you try posting your message again, and use the word bitcoin at various points, then it might help you to tell us what it is that you are wanting to say.  Go ahead.. give it a try.^**      Good luck.   

**by the way, this whole thread went pretty well - at least so far - since in this whole thread, there were ONLY a few members who seemed to confuse bitcoin and crypto and make vague references to crypto within their post.. the overwhelming majority of posters really were able to mostly focus on bitcoin and at least did not avoid using the term bitcoin within their post.  It seems that there is likely some increasing recognition, even from a lot of forum members, that part of the lies and confusion that exist in the world around king daddy bitcoin, even propagated by some government representatives and "the powers that be" status quo financial incumbents are frequently confusing and convoluting terms and even failing refusing to use the term bitcoin in order to clarify what they are talking about... We know that shitcoiners do like to convolute and confuse terms.. but also disingenuine folks do it too.. and sometimes it may not even be intentional, and I am not even taking away from the fact that there may well be some reasonable ways to talk about shitcoins or various non-bitcoin projects or projects that are tangentially related to bitcoin.. so the fact that there is some unintentional confusion seems to cause needs for a certain level of tolerance and clarification of terms from time to time. no?  I am not claiming to be a crypto/shitcoin rhetorical expert, but I will admit that sometimes it does get annoying to be hearing/reading vague references to crypto and failure/refusal to describe or point out where bitcoin might be (if at all) in the discussion.


For sure, I agree that bitcoin is not an easy topic, and that is part of the reason that a lot of people seem to either misunderstand it or even to miscommunicate about what they believe it to be... even a decent number of people who own bitcoin have trouble understanding bitcoin very well and/or communicating about it very well.. and I am not even excluding myself from such group of people who continues to struggle to understand various aspects of bitcoin and how to attempt to communicate about it.


There are ways to both deal with and to profit from bitcoin's inevitable volatility, and I am not even talking about fucking around with trading, but attempting to figure out ways to both accumulate bitcoin in ways that account for the inevitable volatility and also to attempt to maintain a position in bitcoin in spite of its inevitable volatility and part of the ways of taking advantage of bitcoin's inevitable volatility is recognizing it as an actual dynamic that exists in order to both financially and psychologically prepare for it.. and also buying/accumulating and maintaining a position in BTC in a way that accounts for such inevitable volatility... while also recognizing that bitcoin is amongst the greatest of asymmetric bets to the upside (if not the greatest?.. and part of the explanation for that is because bitcoin is the soundest of monies ever invented/discovered), while at the same time recognizing and appreciating that is upwards price movement is not inevitable.


I largely agree with you The Cryptovator in regards to bitcoin being a bunch of things at the same time, yet in the end, there is a pretty strong investment component in relation to bitcoin, and part of the reason that there is such a strong investment component has to do with the various ways that it can be used that include various descriptions and understandings of its technology and/or its resilience and even that it has been designed in a kind of resilient way that is difficult to fuck with.... has a kind of solid momentum and incentive structure built within.. to keep it alive.. and continuing to cause it to be resistant to attacks, even by incumbent and strong players who have been attacking it for years and even building the various levels and ways to attack it.. which largely seems to make is stronger in several ways including the fact that there is also truth built in, so in order to attack bitcoin, status quo strong incumbents end up resorting to untruths, and sooner or later people are going to see through the various bullshit attacks that are largely (if not exclusively ending up devolving into lies.. as OP pointed out as an apparent ever-existing pattern of attack upon bitcoin that is likely not going to work in the long run, even though it may work in the short term and it also will work on some people more than others, including people who are willing to follow authorities who resort to lies.. not exclusively lies.. but ultimately those attacking bitcoin are going to have to resort to lies in order to maintain their attack upon it).


Part of the modern world is attempting to differentiate between good information and bad information, and it is not always easy to do... so merely having access to the internet and/or having access to alternative information sources is not going to automatically cause people (normies) to arrive at the right conclusions in terms of being able to figure out which sources of information are better than others.


Well one of the advantages of bitcoin is that it is open to anyone and everyone who is ready, willing and able to put some effort into the matter, and you don't even need very much to invest on a regular basis, that's one of the revolutionary aspects of bitcoin, for those who are wiling to put in the effort... you can also be as poor as a mouse, and if you are able to put $1 per week, then you can profit from bitcoin... of course, if you cannot save any money, then you are not going to have as many direct advantages from bitcoin, and you would ONLY be advantaged by the fact that bitcoin is a more fair system that is not stealing from you... so there are ways to benefit from bitcoin, even if you do not buy any, but I would suggest that people try to buy some, even if they are not able to buy very much.. but you also have to get your shit (finances and psychology) in order in order to be able to invest as aggressively as you can but not so aggressively that you overinvest or end up recking yourself because you failed/refused to adequately account for your own finances and psychology.

Old traditional investors and economic experts doesn't really understand the concept of blockchain technology they think that it can be hacked at any time so they are propogating against bitcoin whereas the other side current rich people doesn't want the most people to attain financial freedom influence people in a wrong way.

Social media is also created by the government, so of course, they can control us, and freedom of speech, I don't mean you can say anything, or insult them or spread wrong things. But here, we have the right to express our views and use peaceful words, don't try to fight them, they have no reason to attack you, unless you live in a country with an extremist government. But in my opinion, no matter what measures they take, they can never stop the truth, if they could, bitcoin would not have developed as it is today.

The banks and the government have a plan and they're trying to centralized Bitcoin as much as possible before they allow the public to start investing in it. They want to be able to track everything happening on and off the blockchain before they can adopt it but their plans has already failed.

No matter what the government do, they can't centralized Bitcoin because it was built with that immunity. The government can make all the exchange undergo KYC to get customers information so they know who is sending Bitcoin or receiving but we'll always have alternatives.

This alternative will be decentralized so the government can't track who's using those platforms. It doesn't matter how many lies they tell about the market, at the end of the day. Bitcoin would be successful for those that ignores those fud and invested by buying and holding.

It's the banks that made any man who wants to engage in crypto to be fearful of their investment. You will, even banks have their own investment in crypto but they see it as in a very shallow supply that they would convince anybody not to buy but the truthful thing's now is the best time to buy. The government's risk aversion however depends on its economy. If they want to take a  lesser risk, then it's easy for them to create a regulation that would prevent their people to put their money on crypto assets. That would be in form of tax, restrictions, or limitations of engagement and transactions.



Bitcoin is stable. Its development and regulation, to its whitepaper is already clear. What's unstable is it's practical application and how people use it aside from how it should really be using into. That's why such countries restrict it because they can't control their people on how to use it for the common good. Its price was determined by how people perceived its value. It's simply the marketplace price. How much and how many people are willing to buy and sell. Crypto is very volatile and liquid but still stable.  What I agree on is its usage for the future and at the present. Incomparable decentralization, independence from central banks, ease to any kind of transactions, and high potential for price growth in the long term. You already see it trade from $10kish, to $30kish, to $60kish. And it will again. 2x more. 3x more.

Even the so called bank are one of the big investors of Bitcoin and the reason why they are trying to lure us not make any potential investors is to delude us not to withdraw our money from the bank and invest in Bitcoin. We know ther trick and we are not going to be deceived by there evil agenda to keep holding large position as Bitcoin whales with our own money.
 

We are bothered with the multiple lies the pass to the society through various social media to make us not to by and hold own Bitcoin. I am just sorry for those people that are deluded trying to form consensus with the economist liars. Those who will sell will sell and those that will keep hold will do that to there own advantage. The world is full of lies and we need to try as much as possible to believe in them.