I don't know — but there's a clear distinction between bitcoin and bfiCoin. If a person doesn't see the difference between the two, then he's bound to lose money in this industry.
Not only in this industry imo
Topic: Caution Newbies Bitcoin is BTC - page 2. (Read 438 times)
Not only in this industry imo
I am also from that country and I will say that people are so dumb and that's why they loose a lot of money. And in my country I know how much challenges I am facing.
This is how the young generation can easily get detracked because of a lack of knowledge. I was really sad to see people don't want to accept reality or even research.
It's a sad truth, but I won't mourn those people. If they get scammed and lose money, they deserve it because they are too lazy to research before investing. You don't have to try to explain it to them, losing money will teach them a lesson, a lesson they will never forget. Sometimes free knowledge does not bring any value, but when they spend money, they will appreciate it.
Most newbies are ignorant. They don't like to listen to the truth. At times, when I explained a little and I see that they are not listening, I will just ignore them and stop talking.
This is why most of them get scammed. They want cheap things and they look for fast money also. Whenever I see any one who listen, I always try not to make them regret in any way.
This is why most of them get scammed. They want cheap things and they look for fast money also. Whenever I see any one who listen, I always try not to make them regret in any way.
many parties want to take advantage by deceiving other people, most of them use tricks with big profits so many people are tricked with big profits, even people are willing to spend money buying scam coins in the hope that they will get a profit in the future, therefore do not be careless in drawing conclusions, learn and understand so that you are not easily swayed by the lure of big profits.
Kind of confusing? Maybe for some who are not attentive enough to make a research or not looking at it twice.
I mean even a newbie knows the spelling of Bitcoin right? The project is a different project and that's based on Ethereum blockchain. I don't know why your friend sees Bficoin as Bitcoin? Does your friend having a hard time reading the same word twice? Maybe teach your friend to read the same word twice.
I remember FTX with this one. 
Spending huge amounts of money thru advertisements. They also spend some money giving donations to the politicians in the last elections. They even changed American Airlines Arena into FTX Arena. Ending? SBF scammed the users, the advertisers and all that is connected to the exchange.
I mean even a newbie knows the spelling of Bitcoin right? The project is a different project and that's based on Ethereum blockchain. I don't know why your friend sees Bficoin as Bitcoin? Does your friend having a hard time reading the same word twice? Maybe teach your friend to read the same word twice.
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Scammers can spend money to ensure that they get victims. An advertisement of National TV should not still be trusted, you must always do your own research.Spending huge amounts of money thru advertisements. They also spend some money giving donations to the politicians in the last elections. They even changed American Airlines Arena into FTX Arena. Ending? SBF scammed the users, the advertisers and all that is connected to the exchange.
Looking at the website, it seems the developer has no intention to create fake Bitcoin project because the project discuss about ETH layer 2 solution. It's a clear difference, maybe your friend just really new with crypto space, so whenever he heard or see about any coin, he will think it's a Bitcoin. Just like how people always refer a fried chicken to KFC. He just need to learn from the basic, he might learn after he make a mistake too.
Your friend wants to invest in a coin because he saw it advertised on TV, that is not how to invest in cryptocurrencies because there are many scam coins being advertised everywhere, even on TV, he believes what he is watching is real because he saw it on TV, and not because he did any research. This person would surely lose money if they eventually invest in any crypto at all, it is obvious they don't know what they are doing.
I think it is only in crypto you can see people investing without knowing what they are doing because they think crypto was created to make them rich, i don't think you will see people buy stocks without knowing the particular one they are buying, but your friend wants to buy something he thinks is BTC because its name ends with "coin".
I think it is only in crypto you can see people investing without knowing what they are doing because they think crypto was created to make them rich, i don't think you will see people buy stocks without knowing the particular one they are buying, but your friend wants to buy something he thinks is BTC because its name ends with "coin".
In my case, I'll just tell my friend the difference, give him link and other references. I will advise him to do a deeper research, and if after all the explanation and showing proof, my friend don't believe me and insist on the things he know then I'll just let him be. There is no need to push the truth to anyone who is in denial of the fact. At least I have done my part of informing him the difference between BFIC and BTC.
there is a huge difference, they don't sound alike bi-fi-coin sounds different from Bit-coin. Even its ticker is way different see. BFIC - BTC.
We can't tell that the coin is a scam, the thing that it promoted itself on a mass media platform says that the project plans to be legit. But I think @OP's friend is trolling him, since there is a huge different on price between BFIC and BTC. So anyone will never think that BFIC is Bitcoin.
Actually, they were advertising the Bficoin BFIC coin to which my friend thought that it was bitcoin. 
I told him that this is not real bitcoin but he insisted that I was wrong. I told him that bitcoin has 21 million supply and he told that this coin also had the same supply
Bficoin? bitcoin? both sound alike and can be confusing to newbies who may just think it is a typo. It reminds me of how people in my country copy the design of original products from companies and use very similar names that they may just change a letter in the spelling to ensure that people who do not look well before buying make mistake of thinking those products are the original. I told him that this is not real bitcoin but he insisted that I was wrong. I told him that bitcoin has 21 million supply and he told that this coin also had the same supply there is a huge difference, they don't sound alike bi-fi-coin sounds different from Bit-coin. Even its ticker is way different see. BFIC - BTC.
He was of the view that since BFIC was advertised on national TV, it is a real coin and Bitcoin is just a clone or a scam.
He was not agreeing with me as he said if bitcoin was real, then it would have been showing at the PSL matches and not this coin.
Scammers can spend money to ensure that they get victims. An advertisement of National TV should not still be trusted, you must always do your own research.He was not agreeing with me as he said if bitcoin was real, then it would have been showing at the PSL matches and not this coin.
We can't tell that the coin is a scam, the thing that it promoted itself on a mass media platform says that the project plans to be legit. But I think @OP's friend is trolling him, since there is a huge different on price between BFIC and BTC. So anyone will never think that BFIC is Bitcoin.
Actually, they were advertising the Bficoin BFIC coin to which my friend thought that it was bitcoin. I told him that this is not real bitcoin but he insisted that I was wrong. I told him that bitcoin has 21 million supply and he told that this coin also had the same supply
Bficoin? bitcoin? both sound alike and can be confusing to newbies who may just think it is a typo. It reminds me of how people in my country copy the design of original products from companies and use very similar names that they may just change a letter in the spelling to ensure that people who do not look well before buying make mistake of thinking those products are the original. I told him that this is not real bitcoin but he insisted that I was wrong. I told him that bitcoin has 21 million supply and he told that this coin also had the same supply He was of the view that since BFIC was advertised on national TV, it is a real coin and Bitcoin is just a clone or a scam.
He was not agreeing with me as he said if bitcoin was real, then it would have been showing at the PSL matches and not this coin.
Scammers can spend money to ensure that they get victims. An advertisement of National TV should not still be trusted, you must always do your own research. He was not agreeing with me as he said if bitcoin was real, then it would have been showing at the PSL matches and not this coin.
Well then crypto isn't for him obviously if he has no idea about bitcoin. Recently there are so many shitcoins advertised and promoted by influencers out there, and your friend might be a victim , then blaming crypto as a big fraud. Though it's not hard for him to google the info himself about the difference between bitcoin and othercoin but instead he argued it to you. I checked if there is a bficointalk.org but luckily found none lol.
Maybe he just thought about the last part of hearing 'coin' on BFICoin as bitcoin but nonetheless, hearing both of it really can be determined the difference between the two.
Well, forget about that argument and just let your friend believe what he wants to believe as soon it will be dumped with what it has something to do with the advertisement. I don't know why but I have this feeling that this coin might collapse soon. Looking at coinmarketcap with its name as "Best Fintech Investment Coin" https://coinmarketcap.com/currencies/best-fintech-investment-coin/
Well, forget about that argument and just let your friend believe what he wants to believe as soon it will be dumped with what it has something to do with the advertisement. I don't know why but I have this feeling that this coin might collapse soon. Looking at coinmarketcap with its name as "Best Fintech Investment Coin" https://coinmarketcap.com/currencies/best-fintech-investment-coin/
The difference is very clear but their are some person that don't pay attention to details. The sound and the spelling looks somehow alike and many uninformed persons might be deceived. In my country many people have been misinformed and scammed because some set of fraudulent individual choose to clone a particular product making it look like the original. Many shitcoins promoters claim that their coins are the same or even better than Bitcoin. That's why I always encourage anyone that engage in Bitcoin awarenesses projects because we really need them. We need to keep spreading the news of Bitcoin until it becomes a household name globally.
In this case, I personally don't think so. If you check their website, it doesn't seem to be trying to copy Bitcoin at all. And if they wanted to be masquerading as the "real" Bitcoin, they could literally pick other names like the hundreds of Bitcoin shit forks we have.
One of my friend told me that he has heard about bitcoin as it is being advertised in that tournament and he asked me if he should buy Bitcoin as it was advertised in PSL ?
Was this the first time your friend hears about Bitcoin or you have discussed it before? I am curious because if he is hearing about it for the first time then why is he coming to you to discuss what he has never known before instead of asking for clarification of what it is 
Definitely, newbies to the crypto space could make these mistakes especially when they don't take the time to first know even though they are quite DIFFERENT. 
I don't know — but there's a clear distinction between bitcoin and bfiCoin. If a person doesn't see the difference between the two, then he's bound to lose money in this industry.
I agree with @mk4, there's only one daddy bitcoin. There's a million other clones, scams, and traps that are disguised as the real thing just for the intention of taking money from innocent people thinking it's a safe vehicle of investment. It's really sad actually.
P.S. If someone's profession is soccer, some other sport, making music, or entertaining people online, and they try to get you to buy anything other than a legitimate market leading coin, RUN. Run as fast away as you can and tell everyone you know that your favorite online/television personality or sports player is now a scammer. I bet you every single person in OP's picture has no idea what the heck bfiCoin even is. They are just being told to stand in front of the sign I'd imagine.
The difference is very clear but their are some person that don't pay attention to details. The sound and the spelling looks somehow alike and many uninformed persons might be deceived. In my country many people have been misinformed and scammed because some set of fraudulent individual choose to clone a particular product making it look like the original. Many shitcoins promoters claim that their coins are the same or even better than Bitcoin. That's why I always encourage anyone that engage in Bitcoin awarenesses projects because we really need them. We need to keep spreading the news of Bitcoin until it becomes a household name globally.
There are indeed many ordinary people who view cryptocurrencies as bitcoins, and these coins use ordinary people to deceive them, considering that currently bitcoiners are only a small minority of most people. therefore for ourselves personally it would be better to learn beforehand to know something even in everything, so that we have broad insight and do not fall into deception using various modes, and if our friends insist on their stance, then let it go , because in the end they will realize it themselves, at least we reminded them
What some people do is to use the brand name of btc to attract attention in the process to advertise their own interest, they sometimes make comparisons to equate their own project as being thesame with bitcoin since they all fall under crypto, they have enough distractions confusing enough from believing that they are not bitcoin or associated with Satoshi, this are the things we should always be careful about, especially the newbies in this bitcoin era.
Your friends should be able to tell the difference between BFIC and Bitcoin or BTC because the difference is obvious from the letters and pronunciation.
And you've also made it clear that it's a different coin with a different purpose and market ranking.
But if your friend doesn't want to accept your explanation, you shouldn't force him and let him see what will happen with BFIC.
At least that's what I do when I run into a friend who won't accept my explanation and it's up to them to decide.
So there's nothing wrong with thinking like that. It's just that he will see the truth later at the bull run.
And you've also made it clear that it's a different coin with a different purpose and market ranking.
But if your friend doesn't want to accept your explanation, you shouldn't force him and let him see what will happen with BFIC.
At least that's what I do when I run into a friend who won't accept my explanation and it's up to them to decide.
So there's nothing wrong with thinking like that. It's just that he will see the truth later at the bull run.
The whole story is just proof of how much influence the media has on the average person who has "heard" about Bitcoin, and in fact cannot make a clear difference between Bitcoin and all other cryptocurrencies that in some way imitate the same, whether it is about max supply or they just have a name starting with B.
I don't like to interfere in other people's decisions when it comes to finances, but I would definitely warn everyone that this is not the Bitcoin they may be thinking of. However, if someone really wants to invest in altcoins, it is his decision and we should respect that decision. I know some people who bought BTC forks and still keep them today, but I guess it's a good feeling to have one whole Bitcoin, no matter what it was called and how meaningless it was.
I don't like to interfere in other people's decisions when it comes to finances, but I would definitely warn everyone that this is not the Bitcoin they may be thinking of. However, if someone really wants to invest in altcoins, it is his decision and we should respect that decision. I know some people who bought BTC forks and still keep them today, but I guess it's a good feeling to have one whole Bitcoin, no matter what it was called and how meaningless it was.
It is very easy to detect the difference between Bitcoin and BFicoin, who the hell fell for this? They can easily fall for BiCoin, Bytcoin, and others, this is simple idiocy, even as a crypto newbie it is stupid not to be able to tell the difference unless you don't have any level of education, sorry OP, this is unacceptable.
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