Debunking misconceptions about Crypto Currencies - page 2.

Dunamisx

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Quote from: Master of Shitcoins on July 02, 2022, 11:49:08 AM

It is up to us to debunk misconceptions about Crypto Currencies because education is very important to research tech and basics.
When doing research about a Coin, people need to do a good DYOR

Good and fine, we can decided to carryout our own research about Cryptocurrency but what measure are we to take in convincing those people out there that cryptocurrency is not what they thought it was, because we need to realize that scams im cryptocurrency is also one of the reasons why this keep repeating itself about people's disbelieves on cryptocurrency, are we ourselves within the system faithful? are we contributing for or against scam activities? before you can convince an outsider about something in your possession then you yourself must exercise confidence and mastery over it with proven results good enough for convincing others.

jamyr

sr. member

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Most common misconception in my experience:

Cryptocurrencies are most likely a scam, well according to my social media friends who knows very little about cryptocurrency. Bitcoin for example, most of them would have the same misconceptions.

"naku padadamahin ka lang nyan sa simula pero pag malaki na pinasok mo tatakbo na yan"

Translation:

It will just trick you by making you comfortable then when you invest a larger amount, they will run.

I just replied to them, I did not convert any cash I've earned outside of cryptocurrency to Bitcoin. Instead I use bitcoin that I earned outside of crypto, paying bills for example. I told them that they can choose to invest cash to crypto but again the volatility is very high, or he can look for ways to earn crypto without investing money. Just some elbow grease and time of course.

Then I gave them this link

how to earn bitcoins

Maybe they changed their view if they really paid some time to read more here on the forum.

xSkylarx

hero member

Activity: 2366

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Quote from: Master of Shitcoins on July 02, 2022, 11:49:08 AM

Which misconceptions do you know and what are you doing to debunk it?

The most common misconception I know and often hear this from older generations is that cryptocurrencies are just a ponzi scheme. Best example would be my parents, they don't believe on the concept of money on the internet. They told me it was a scam when I invested some of my money on it. They said that where is the money coming that I used to withdraw when I do trading or get it as payment from freelancing. Their generation is really hard to educate because they are born with no many technology existing yet. They don't really know how it works so what I just do is correct them sometimes when I hear them telling other people that these crypto are scam.

OcTradism

hero member

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Debunk a wrong thinking that cryptocurrencies are related closely with quick rich adventure.

Cryptocurrencies can be used for many use cases and financial incentive is not a main reason to convince a person to use one cryptocurrency or invest in it. Cryptocurrency industry needs more time to get rid of this wrong thinking. When it happens, we will have a cleaner and more sustainable cryptocurrency market. Because people will use a cryptocurrency from their belief in tech, convenience or invest in it with a same background.

Now if you ask people, 95% or more, you will receive answer like "I don't understand blockchain, I don't know that this project does, but I heard people say crypto market is very potential to get rich very quickly". It's absurd.

Rruchi man

legendary

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Merit: 1108

Use chips.gg

Quote from: Master of Shitcoins on July 02, 2022, 11:49:08 AM

It is up to us to debunk misconceptions about Crypto Currencies...

Unfortunately, some people as a result of the misconceptions that they have accommodated, they have even without knowing taken wrong conclusions that crypto is not good for them, while others that crypto is a scam. As crypto hodlers we must try as much to assist those who have been ill informed with proper information and proof. In trying to debunk a certain misconception, we must do it constructively and not in a manner that can mistaken for being rude or forceful.

Master of Shitcoins

member

Activity: 217

Merit: 10

Education is always key when doing a detailed research about Crypto Currencies.
We really need to find a good coin to invest in.

But sometimes, misconceptions are very common, where misinformation is spread and it's difficult to find out, what's true.

Debunk misconceptions!

It is up to us to debunk misconceptions about Crypto Currencies because education is very important to research tech and basics.
When doing research about a Coin, people need to do a good DYOR.

Sometimes, people fail to do a basic research. We really need to do a good research and also share our knowledge.
So, I shared mine!

I have created recently some new topics, where I debunked a misconception:

Misconceptions about Avalanche - Avalanche is a Coin, not a Token
Very important to do our research: Avalanche [AVAX] is a capped asset

Probably, you know about more Crypto Currency misconceptions and in my opinion, it's very important to create educational content and debunk misconceptions.
Because some people use wrong information to spead lies about a Crypto Currencies as a marketing offensive to damage competitor coins.

People need to do more research here to spot misconceptions about Crypto Currencies and we need to write good education to debunk misconceptions about Crypto Currencies!
Writing a good education is up to us!

Which misconceptions do you know and what are you doing to debunk it?

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