Topic: Common misconceptions about Bitcoin. (Read 880 times)

Apparently, Pepe like to results that can convince them to unlearn what they have learnt or what they have been assuming, just making counterarguments can't really change assumptions but evidence to backup your argument would and if well presented it might kead them to more interest in trying to figure out wgst true potentials it has.

One big thing is education, once people get enlightened the misconceptions would begin to die off. it's just a matter of time bitcoin is already on this way to make a more big difference that could lead to people regretting their actions of being stubborn towards it.

It can't be completely tacked, but it can be reduced by trying to pass the right information all the time to the right people. We can't force people to accept bitcoin, but we can somehow let them know that it's definitely not the way they picture it to be by creating a conducive environment for them to look at it from.
 
You can do this by creating a counterargument to any reason or example that they give that justifies their claims.
 
For instance, using the popular saying that the use of crypto currency promotes terrorism funding and every sort of illegal activity, you can give an instance of where fiats have been used for such cases, letting them know that crypto is not the problem but the people using it are.

I understand that look when, your friends looking at you like a demmy gods for owning what every other person is praying to have, in my country, once you allowed yourself to be identified as a cryptocurrency owner, not matters the amount in bitcoin they believe that you extremely rich for owning bitcoin.

This is true because after all as long as bitcoin exists and continues to have progress even though its increase will be a good thing but still it will also be hated by some people so they will try to bring up rumors and news with the power they have so that others who are still laymen and do not know about bitcoin feel that this is a wrong thing.
This is not a new thing because from the beginning I knew bitcoin I started by not liking bitcoin because I only saw negative news about this although over time my thoughts began to be more open and wanted to find out more about bitcoin but it cannot be denied that other lay people will also be the same as what I did.
There is nothing that can be done from this because after all as you say bitcoin is not everyone can be in it so we only need to do what must be done and if we can we only need to provide more understanding at least for the closest people so that understanding of bitcoin is more open and not just closing ourselves because of negative news about bitcoin.

Honestly, in any case or shape or data or idea, crypto is true wealth no matter what. I understand that if you keep it at an exchange that might be something scary for some people and I understand that and that's fine, but that doesn't mean that we are going to be doing terrible with that neither. However, if you are holding it in your own wallet, preferably a hardware wallet, then you are going to have the true wealth that we are talking about here, that's the most important part.

I believe that we need to make sure that we are dealing with something that will be something nobody can touch and it's all ours and it can move anywhere we want too. Hell, people took out their own savings with crypto across borders during the war, that should tell you enough about it.

The misconceptions can not be tackled, I must say because there is no way everyone can accept Bitcoin, it is a digital asset class and majority thought that everything that has to do with online is prone to be scammed, accepting Bitcoin is beyond being convinced by another person rather it has more to do with personal conviction to accept the very potentials that Bitcoin holds, it is a digital world and majority has refused to accept the civilization technology has brought for us, alot doubted the potency of Bitcoin at it's earliest days which they might have regretted today seeing Bitcoin doing well today hence, any one refusing to see the true values of Bitcoin should be left alone why the regrets awaits.

Bitcoin is totally decentralised digital currency and there is no central power who controls bitcoin so no one can steal your bitcoins if you store them in wallets. Yes from exchanges you assets can be stolen but only when the exchange stops their operations but they send notifications before shutting their exchange so you can transfer your assets to wallet or another exchange.

Bitcoin is safe and secure but only if when you buy, sell or hold bitcoin without the involvement of any third party, people only got scammed when the broker or third party involves in any deal.

Maybe you should take a look at your topic and what you have written so far. You write "Common misconception about Bitcoin" and I was waiting to see the list of the misconceptions and I am surprised that you have nothing to write about your title. You are your friend had an argument about Bitcoin, you cants even tell us what the argument is all about. The tittle is absolutely misleading and I think you just adjust next time because I was very curious to know what the misconceptions about Bitcoin could be but to surprised with nothing. You just have to emphasize on something better next time.

I also agree more with your opinion on this one because usually fools will also not want to accept the truth from other people with various reasons that they have. So if we have met such a person, it is better not to argue with him immediately, but try to give him bait such as showing the level of profit someone has obtained by having Bitcoin because if we encourage fools to buy Bitcoin with a level of knowledge that is not there at all, it will also be very difficult and he will definitely tend to back down with a thousand reasons of his own.

Sometimes too, those people who have these misconceptions about Bitcoin actually need someone to help re-educate them and explain to them why Bitcoin is not bad the way they think, but they don't have the opportunity to meet those eloquent Bitcoiners that can educate them again about Bitcoin. Some people are so reluctant to do personal research for themselves; they rely on spoon-feeding information, and if there's no one to feed them with the right knowledge about something, they can just live on with the wrong perception about it.  So, the reason why some people will live with those misconceptions is because they have  not meet someone with the right knowledge of Bitcoin to educate them.

This depends because there are stubborn people who don't like to listen to others' explanations, refuse to admit they are wrong and always think they are right. We don't need to waste time explaining or arguing with stubborn people. Meanwhile, for those who are open, eager to learn and willing to listen to others to improve themselves, it is true that we should spend time with them.

But so far I believe that the majority of people who hate bitcoin are stubborn because knowledge about bitcoin is abundant on the internet. If they really want to know about bitcoin, they can search for answers themselves instead of waiting for others to help them.

You would have as well provide an information concerning his thoughts or misconception about bitcoin for us to know what to say atleast. What you really don't understand about humans is that everyone must not think thesame way. There is always an opposition to anything in life, people must disagree to agree. Even the most simplest thing for you may be the most difficult for someone else, so sometimes the best thing to do when you are in middle  of a meaningless conversation is to keep quiet because " you can't continue to fight with a pig , because pig gat nothing to lose" it always enjoy rubbing itself in the mud.

For me I don't have time trying to prove a point to someone who has already nurtured his or her mind with a negative vibe. Because instead of such person to learn and take correction, he/she will like to influence you negatively. And that is the last thing I will do. Investment in bitcoin is by choice not by force and I will not force anybody to agree with me about how important I see bitcoin.

If the person really wants to know the truth then they will find out the truth and also they can find out from those who already have a good understanding of Bitcoin because telling those who are wrong in understanding Bitcoin is certainly useless when they themselves do not want to find out the truth about Bitcoin and it happened because of their own mistakes and only they themselves can fix it.

At present, there are many people who understand Bitcoin and can make a profit from trading and investing, and even those who previously considered Bitcoin as something that was not profitable for them, after studying and doing research, they will use it as an asset that they invest in for their future.

Since the existence of bitcoin it is common to see different misconceptions about bitcoin and people with these doubts always claim what they know or think is the right thing. One common thing about people with misconceptions about bitcoin is that you can't really change or correct them of their misconceptions and it will be a waste of time trying to make them have the real sense of what bitcoin is. When I come across people like this I don't really blame them  the way they think but I understand that the reason for their misconceptions is because of lack of knowledge but some people still choose not to be wise after several research have been made and even after time might have them wrong.
I dont even stress myself to try to prove a point for those who don't understand what bitcoin is because trying to prove a point won't even make any difference because some of these people are very skeptical and stick to what they believe.

The number one misconception I have heard and seen all over social media is the get rich quick scheme, where people are invited to invest X amount and get a return of a 1000 more back which is a scam of the century and far from what Bitcoin or crypto is about...and usually scammers are able to pull this off because people out there are desperate for answers and think crypto currency is about free money that you just download from somewhere..

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Misconceptions mean someone is on the wrong path and need the guidance to be put on the right track, watching someone do the wrong thing while you know something can be done is selfishness if you ask me...but hey we all entitled to our choices.

This is one of the misconception about bitcoin as well. Most people who have no knowledge about cryptocurrency often mistakes bitcoin and cryptocurrency to be the same. They can not differentiate between the two and when they invest in other cryptocurrencies, they see it as bitcoin investment. When they lose the money to failed projects or probably being scammed, they attribute the blame to bitcoin. Ignorance is the primary cause of this misconception and some of them are not ready to seek knowledge and liberate themselves from having such beliefs.


First of all, you don't need to engage in an argument with people over bitcoin especially if you know you can not win against them due to your limited knowledge about the technology. You might end up doubting yourself if they present better arguments than you with their misleading beliefs. If care is not taken, you might also begin to lose interest in bitcoin. It is good you back out from the argument but it would have been better if you didn't involved yourself in it in the first place.

By the way, can you remember some few things he said about bitcoin being controlled by a single entity? What is the entity controlling bitcoin? And the instances that prove insecurity of Bitcoin as well. The answer to these questions will help to know the right responses you ought to have given him and discredit his misconceptions.

We don't need to tackle anything, let them be with their thoughts and ideas if they think they are correct. They will understand their mistake one day and then they will regret it, we have nothing to lose in this, it's their loss if they are too lazy to do some research before spitting shit out of their mouths. It's not that hard to do a simple Google search if you want to know whether your knowledge about something is correct.

Not only about Bitcoin or cryptocurrencies, but generally when I see someone having wrong information about something while behaving and talking like they know everything about it, I stay silent instead of trying to correct their stupidity because I know they wouldn't understand. It will turn into an argument and arguing with stupid people is stupidity.

So whenever you meet such people, whether it's a friend or a relative or a complete stranger, try to correct them at first, but if you see that they are not ready to understand, just leave them with their thoughts.

When you argue with an stupid people there is no justification that we can give because they are stupid people.
But the way to overcome misconceptions about bitcoin is to not argue with them.
All the information is available on social media and they just need to learn about it to know. But because they don't want to know so they have no knowledge at all about bitcoin that they can draw conclusions from.

Explaining something that is unknown is complicated because they will never know and never understand it. This explanation will never help them because basically they themselves never want to know about Bitcoin, so forget about them and just focus on the investment we are running.

Biggest one is that this gig's gonna make them rich, to the point of lambos and million dollar yachts. While that is a thing of the past here, and some of the people who advertise crypto investing is also to blame for this fake notion it's time that people realize this is not meant to replace your 9-5. At best what bitcoin could do, like most investments are, is to allow you to have another facet of income that doesn't eat away at your life or your time, cause you can basically just invest, and wait for the bull run or maybe even a random price pump to happen, without having to watch it closely (although of course keeping a close eye still pays). Fortunately we're able to beat one of the biggest misconception about bitcoin in a span of a few years which is that bitcoin's an MLM or a Ponzi Scheme, meant to siphon money off of those at the bottom while the top whales are getting fatter and fatter.

In your case however, the best way to tackle these types of situation is just sitting it out and letting the other guy realize for himself that he's wrong. Nothing better than doing nothing and still being able to change their minds, and what's even better, you don't get to be blamed for everything when shit does go down and they lose their money.

You can never single-handedly tackle such a large undertaking because it is a global issue. There is no way you can make people who are not interested in gaining any knowledge about Bitcoin aware about Bitcoin and you cannot highlight all these mis-conceptions in them. Those who believe in paper money i.e. hard money and are totally dependent on the banking system, you can never alert them to the misconceptions of Bitcoin and they will never try to understand. For them the banking system is above all and they do not trust any financial system outside of it.