Misinformation about crypto (bitcoin). - page 2.

drwhobox

full member

Activity: 756

Merit: 133

- hello doctor who box

Quote from: Kara3 on March 04, 2023, 08:47:54 AM

While growing up in the cryptocurrency industry I have had my own fair share of losses while engaging in ponzy scheme believing that they were legit, not knowing that they were all fraud.

We all have a fair amount of losses from the cryptocurrency industry. But you had engaged with ponzy schemes, so your loss is not linked with crypto or bitcoin, if you had used any currency you had the same result.

Quote

So since then, I believed that anything virtual currency online are fraudulent.
In 2021 a friend of mine introduced bitcoin to me, but base on my fear for online business, I wasn't even interested even when he broke every details down too me on how it works, but I refuse to even give it a try.

I don't get your point here, why would you blame currency for your involvement in the Ponzi scheme? You failed to do your own research on the project and involved your money in it and you are the one who is responsible here.

JamesBorn

member

Activity: 84

Merit: 18

Quote from: Kara3 on March 04, 2023, 08:47:54 AM

While growing up in the cryptocurrency industry I have had my own fair share of losses while engaging in ponzy scheme believing that they were legit, not knowing that they were all fraud.
So since then, I believed that anything virtual currency online are fraudulent.
In 2021 a friend of mine introduced bitcoin to me, but base on my fear for online business, I wasn't even interested even when he broke every details down too me on how it works, but I refuse to even give it a try.
In 2022 I decided to do my own research about it, which i discovered so many positive things about it, and what gives me more confidence about it is that I found out that most establishment and government are into it, an it's been blend into their financial system.
When I started my bitcoin journey is when I knew how ignorant and misinformed I have been all this while.

Is normal this days to be scarce of online business because of the high rates of fake sites, fraud, bonzi and wrong investors but as for BTC is a long time project which I know many people have verified the opinion of the project and stick to it. BTC is not just about establishments and Government that makes it real but massive bitcoiners who for no reason have no doubt about the well doing of the project. Is not too late you decided to queue in but you still have to learn, I hope you're aware BTC is not a get rich quick scheme but a financial technology that operates on principles of trading, investment and mining. Anything you wish to engage in I advise you learn effectively, no business that do not incur losses including BTC but BTC required time and patients to navigate through the market. Welcome onboard goodluck all the way.

Eureka_07

sr. member

Activity: 1764

Merit: 260

Binance #SWGT and CERTIK Audited

Quote from: Kara3 on March 04, 2023, 08:47:54 AM

I've read a lot of people having the same story as you. Bunch also experiences being victims of scams by the Ponzi schemes. I also had the encounter with those, the first one was the "Mining Factory" bots from Telegram, I was a complete newbie at that time. Ever since I learned a lot and made more research before letting out any amount from my pocket.

Good luck with the journey.

Getmon

sr. member

Activity: 1400

Merit: 273

It is pitiful that so many individuals fall victim to scams before conducting their own research and recognizing bitcoin's true significance and benefits. If we know that investments that appear too good to be true do not work, ponzi schemes are easy to spot. However, there were times when we were able to comprehend, but our greed caused us to put some of our hard earned money at risk.

This year is an ideal time to purchase bitcoins before the price explodes. It could also help and a friendly reminder to DYOR as always.

Jawhead999

legendary

Activity: 1708

Merit: 1187

Although many governments have been regulate Bitcoin and there's few countries already accept Bitcoin as a legal tender, it do increase newbie or someone who haven't invest in Bitcoin will think Bitcoin is safe. But actually the purpose of Bitcoin is being used as a currency without need help of central entity as the third party between the relation of the sender and the receiver.

aysg76

legendary

Activity: 1960

Merit: 2124

Quote from: Kara3 on March 04, 2023, 08:47:54 AM

While growing up in the cryptocurrency industry I have had my own fair share of losses while engaging in ponzy scheme believing that they were legit, not knowing that they were all fraud.
So since then, I believed that anything virtual currency online are fraudulent.

What crypto currency you were trading in the past because if you were active in this market then you would have known about bitcoin also as it was the first cryptocurrency with complete decentralisation introduced by Satoshi back in 2009? All other cryptos have followed it's path but have failed to deliver what bitcoin has provided as most of the altcoins are actually centralised setup for personal benefits first of all and there are many ponzi scams also in shitcoins but is there any specific coin you have been victim of?

Quote from: Kara3 on March 04, 2023, 08:47:54 AM

When I started my bitcoin journey is when I knew how ignorant and misinformed I have been all this while.

This is what happens with most of people like they have been under some negative influence which says bitcoin is not good or say too expensive like they can't afford to buy satoshis with small amounts also or any other misconceptions but they all break once you are familiar with the true working of bitcoin.If you are interested in watching more videos about bitcoin then you can see it here

You can also read Mastering Bitcoin by Andreas Antopoulos which will give you enough knowledge about it and you will be more interested in this coin and why should invest in it.

btc_angela

hero member

Activity: 2660

Merit: 551

Quote from: Kara3 on March 04, 2023, 08:47:54 AM

While growing up in the cryptocurrency industry I have had my own fair share of losses while engaging in ponzy scheme believing that they were legit, not knowing that they were all fraud.
So since then, I believed that anything virtual currency online are fraudulent.
In 2021 a friend of mine introduced bitcoin to me, but base on my fear for online business, I wasn't even interested even when he broke every details down too me on how it works, but I refuse to even give it a try.
In 2022 I decided to do my own research about it, which i discovered so many positive things about it, and what gives me more confidence about it is that I found out that most establishment and government are into it, an it's been blend into their financial system.
When I started my bitcoin journey is when I knew how ignorant and misinformed I have been all this while.

It's good though that at least you did your part and try to investigate it by your own and see what and how bitcoin can help you it. Don't blame your self though, everyone has gone to that same painful start and think that bitcoin is a scam.

And what makes it hard like in my case I fell on a bitcoin doubler scam in 2017. But still though I remain very positive and keep pushing and truly understand how bitcoin can be very positive as you can gave financial freedom.

Lida93

hero member

Activity: 742

Merit: 529

casinosblockchain.io

So many persons has a bit of a story to share about their initial knowledge to cryptocurrency. Most of us didn't start it right, we either fell into virtual scam or invested into a shit coin with a loss and ended up having an all round view that everything cryptocurrency is fraud. I believe bitcoin has been like a game changer to every cryptocurrency user, making them to understand that the crypto industry is dependable and reliable to invest and trade, and this reliability is gotten when you take time to DYOR on it.

Kara3

member

Activity: 96

Merit: 13

While growing up in the cryptocurrency industry I have had my own fair share of losses while engaging in ponzy scheme believing that they were legit, not knowing that they were all fraud.
So since then, I believed that anything virtual currency online are fraudulent.
In 2021 a friend of mine introduced bitcoin to me, but base on my fear for online business, I wasn't even interested even when he broke every details down too me on how it works, but I refuse to even give it a try.
In 2022 I decided to do my own research about it, which i discovered so many positive things about it, and what gives me more confidence about it is that I found out that most establishment and government are into it, an it's been blend into their financial system.
When I started my bitcoin journey is when I knew how ignorant and misinformed I have been all this while.

Topic: Misinformation about crypto (bitcoin). - page 2. (Read 219 times)