Topic: I will Never Fall Again - page 6. (Read 1257 times)

Indeed, Bitcoin is certainly Decentralised and it is not itself an investment platform although
with certain 3rd party platforms a lot of the community treat it as an investment.

As per the OP I think the sponsor from the radio programme has just got their facts
incorrect and maybe they were voicing their personal opinion. Even on a metaphorical
level what they said was not accurate, I mean its very very easy to find out what Bitcoin actually
is and there is no need to create a metaphor to explain it.

I correct you: Bitcoin is decentralized, unless you depend on exchanges for off-ramps. Everything else you said is true, but let me make it a bit more clear: Bitcoin is not an investment platform or stock, it is a currency.

In this world you have to be constantly on your guard against being ripped off. Scammers usually sell you their product with nice words, obviously, because they don't want you to be aware that they want to scam you. Even in the case of legal projects that are not technically scams, there is also a lot of marketing that doesn't tell you everything, such as trading courses that minimise the risk of losing money and focus on the fact that you are going to earn a lot of money easily.

Ponzi schemers has been using Bitcoin to and other crypto assets to carry out their fraudulent p2p activities in which after few weeks of commitment and trust from their victims  they just zoom off into thin air. My biggest discomfort with this scheme is how presenters go ahead to air this programs on their channels knowing how dangerous ponzi schemes are to the society. In the days of ignorance mistakes are inevitable i wish another program can be aired on that channel to correct the mistake that the victims of this presentation will bring about

Taking advantage of other people's ignorance to get more benefits, those are some things that people out there are starting to trend. They think that nothing is free even just by providing basic information about bitcoin and its uses. Unlike in forum, we always have free classes for correct information about bitcoin even it's technical knowledge.

There are indeed positives from spreading a lot of information about bitcoin, but such basic information is freely available on forum and official website. People don't have to pay for it, but they just need to be aware that there is a lot of correct information here or official sites that just require them to read.

You are right. many fraudsters carry the name bitcoin in an attempt to attract the people they target. be it in a ponzi scheme or in other fraudulent investments. even a few months ago in my country something like that happened that made the name bitcoin a little worse in the eyes of people who were not familiar with technology. So at that time in my area, parents thought that the name bitcoin was a fraudulent investment. they misunderstood because the media is also not good at conveying news so it is prone to misunderstanding for people who are technology blind.

even to the point that there are parents who forbid their children to approach things related to bitcoin. I also think that if this misunderstanding is allowed to continue, it will become even more chaotic and will be difficult to rectify when it reaches a severe level.
That's where I started to move to explain the real bitcoin to the people around me. With my limited knowledge, it turns out that the people around me are starting to not misunderstand anymore. But it takes extra effort to explain more easily to people who are elderly. but to my friends of the same age it is very easy to explain.

I've also found this kind of thing in the past in the city I live in now where there are some people who make seminars on cryptocurrency in hotels carrying the name Bitcoin, but in the end they tell everyone to put Bitcoin on their platform. Namely MMM Global And another one is a seminar about altcoins such as truecoin which is said to be worth more than Bitcoin so it made me laugh at the time and strangely enough they didn't know about Bitcointalk so I wasn't sure what they were saying.

Misinformation among the cryptocurrency communities is evident and will be rampant regarding newbies. There are a lot of people who are becoming a victim because of their lack of knowledge and self-research. Some people are lazy when reading facts and ensuring that they read suitable sources. Like here in the forum.

I do hope people would be more interested in the truth and verify that it's true or not. That kind of station should be somewhat penalized or something.

So basically, CMIIW, he's promoting an investment platform? Like this due is promoting some sort of another likely pyramiding scheme. I doubt it that he's said the truth about such platform that he had mentioned. It's actually true that bitcoin is centralized but if it's a platform where someone can invest their bitcoin and let it grow alone, that's a false introduction to the listeners that will certainly mislead a lot of them into thinking that it's easy to earn bitcoin if you already had it and just invest it in some platforms.

Getting a foundational knowledge of Bitcoin is the most essential step or procedure. People must be able to understand how Bitcoin works and the merit and demerits of using the currency. But in recent times we have seen these so called investors brainwashing people about quick returns from investing in Bitcoin. They showcase Bitcoin as a ponzi scheme or get rich quick investment thereby swindling people of their hard earned money. Our responsibility at all time is to ensure that we reorient and re-inform people and ensure that they get the right information about Bitcoin. 

I have encountered a number of Bitcoin or crypto-related seminars and talks in the past. I haven't attended even one of them. I always have reservations when it comes to this kind of activities. It is because Bitcoin doesn't have any PR or marketing team. So any team or group of individuals who shells out money to rent a hotel or a function room of a resort or a restaurant to explain Bitcoin must have some ulterior motives. It is either they are soliciting investment or they're promoting an exchange or centralized wallet or even scam. Whatever the products and services are, the primary objective is to make money.

There are few of them here in my area at first they said they would help people to make money fast and invest related to Bitcoin but in the end, after you pay the entrance fee you can now join their seminar and the seminar is almost related to trading and nothing else. It is almost all basic trading and a guide on having a Bitcoin wallet which the guide can easily find on the internet.

The only thing that I noticed is that why would they say fast without telling people that trading is risky or Bitcoin is risky?
I don't agree with most of what they said about Bitcoin without warning people about the risk.

And another thing is there is some seminar that leads you to crypto investment with instant profit which is a scam but still people believe they will make money by investing in such a scheme. Many ignorant people don't know anything about crypto yet and mostly are senior people who end up investing with a big amount and believe they will make a big money instantly.

That's really nice, that you made a call and gave a clear explanation about P2P. Same as you, many people might be hearing the program and know what he said isn't perfect and they just ignore. You've done a good job correcting the person with the knowledge acquired from Bitcointalk. Everyone wants to do this and such activities will make people learn the truth about the market than the hype.

Ignorant People are still falling for bitcoin seminars in the rural and some major cities in the world. I was listening to 93.1 Radio Station in my locality. And a programme pop up titled, "Metaphor of Bitcoin". Which the presenter and the sponsor of the programme were try to explain the Metaphor of Bitcoin and I was provoked, they provided a phone number for the interested people to send text. What the sponsor said that made me provoked was, he said, Metaphor of Bitcoin is an Investment Platform (wallet) whereby bitcoiners can used to make money. It is a decentralized system in which nobody can control another person coin (s) even the developer of the software. It also uses per to per (p2p) system. And the presenter was asked to explain the p2p system to the listeners and sponsor said, "it is just like meeting whereby members among themselves give money to the person that is due to collect". Later he put it in this way. It is a contribution of money among people. Although to some extend he was correct but I called the number  which was provided and explained p2p to them in detail.
I recorded part of the programme, I would have uploaded it but this forum doesn't accept audio. So I used another website to upload the audio. See link to the audio http://sndup.net/gchb

Finally. Then I thought to myself. The Knowledge getting from Bitcointalk is enough for me. They can't deceived anymore. I have learned and known. See    
My First Encounter/Experience With Crypto-Currency (Bitcoin) 2015