Public Perspective towards Bitcoin - page 2.

RockBell

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Quote from: Twentyonepaylots on April 02, 2023, 02:58:37 AM

Quote from: Mate2237 on April 01, 2023, 02:47:55 PM

Frankly speaking, the majority of people that in the public space is still thinking that bitcoin is for bad people in the society. They think that anyone who uses bitcoin is a bad person. So they do not see anyone who uses bitcoin as a good person. But that is a misconception of the whole thing and that is why serious orientation need to be given to the public space about the good aspect of bitcoin so that those who thought that bitcoin is a bad asset will be convinced to accept bitcoin if not people are still blindfolded with the Ponzi schemes which were rampart around the whole world. Some church pastors do not even want their members to go close to bitcoin because as for them using bitcoin is against the faith and it is a sin. And it is committed awareness orientation that can remove this barricade from the mentality of these people.

In our country, it is not directly reflected on the individual using it but the Bitcoin itself since they see it as a way to scam people. This, I think, is due to the cases of scam using bitcoin platform. It makes a bad image on it. Although, majority have awareness towards it, only half expresses interest in investing. I think these perspective on bitcoin and other cryptocurrency can be turn into a good one if we let people see how advantageous to use it and making sure that it is secure enough through having deeper understanding of the processes in regards to this.

The most annoying aspect is that some people see investing in Bitcoin as a Ponzi scheme and have a bad experience with Ponzi, which has led them to not want to hear anything about Bitcoin. That is one thing I find annoying about people because they don't really know much about Bitcoin and they are already labeling it as a scam. Even in my country, there are many crimes of scamming people all in the name of Bitcoin. Who would have thought that El Salvador would embrace Bitcoin as a legal tender? With bitcoin, things will quickly improve over time.

BVeyron

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Quote from: TitanGEL on March 27, 2023, 12:27:08 PM

I've been thinking for a while on how the perception of the public will turn into positive in regards to bitcoin and other cryptocurrency? There is a big problem on how the public see the bitcoin because the 1st ever thought that pops in their mind is something negative and I don't blame them because there are reasons or past history why they have thoughts thats comes to them like that. One of the reasons that I've been thinking is what they perceive when they first hear or read the word bitcoin, we usually consume a lot of contents not only in television but of course in a lot of social media platforms. One of them are the articles online or influencers who shares their opinion of the bitcoin. If the public watch or consume negative opinions or story regarding bitcoin, their mental perspective to it will immediately turn to bad. So when the topic regarding bitcoin brought up, they usually says negative because of what they perceived in the past. My question is how we can turn their perspective into positive? I have good motive on that because I also want them to have a better lives by understanding how it works and also how we can chance their way of living by using it.

BTC and cryptocurrencies in general are becoming popular among people not working in IT field. Crypto has good potential in becoming stable trusted currency. The currency becomes stable when people become quite sure that it won't be a trouble for them to collect it. The actual value in economy is, in fact, psychological image of currency. People see themselves surrounded with good and useful things after they will have collected some money, and these dreams are the real drivers of economy.

wahyuagung26

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Quote from: woez on April 19, 2023, 01:08:50 PM

Yes, It is unfortunate that most of the people do not know what Bitcoin is or think negatively of it due to misinformation. Your observations about major misconceptions and negative views of Bitcoin are quite accurate.

As time goes by and so does the development of Bitcoin in the world, it is increasingly presenting the perspectives of different people in understanding it, as well as the impact that will come whether it is positive or negative, maybe for those who are not interested in Bitcoin, of course they will think negatively about Bitcoin. , and the media also plays a role here when someone's perspective thinks negatively about Bitcoin when the media is unable to tell the true background of Bitcoin.

ItsCrafty

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Quote from: Twentyonepaylots on April 02, 2023, 02:58:37 AM

In our country, it is not directly reflected on the individual using it but the Bitcoin itself since they see it as a way to scam people. This, I think, is due to the cases of scam using bitcoin platform. It makes a bad image on it. Although, majority have awareness towards it, only half expresses interest in investing. I think these perspective on bitcoin and other cryptocurrency can be turn into a good one if we let people see how advantageous to use it and making sure that it is secure enough through having deeper understanding of the processes in regards to this.

Same case here also. In our country most of Forsage companies using crypto currency as a payment method. Recently some Forsage scammed million of doller to our country users which create very bad environment here in my country. Some money laundering cases also happen here. The crypto hater (Banks owner) tried there best to make full ban on crypto and Btc but not succeeded. Many users are holding btc here but because of government issue no one can freely talk about Btc. People and government leaders should be aware of its benefits and we should play some role in this situation.

ZAINmalik75

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Quote from: Baoo on April 19, 2023, 12:30:33 PM

Unfortunately, we are living in a pessimistic world, the social media is full of negativity and triviality. In fact, they usually spread fake news , article and misinformation on anything related to Bitcoin and generally cryptocurrencies, their main goal to affect on Bitcoin’s reputation in a terrible way. Fortunately, Bitcoin’s community is getting bigger by time despite all the successive attacks from the governments and banks to break it. In my opinion, we should not be worried with the public perspective on Bitcoin. The more we spread positive , real information and educational resources , the more global outlook will be changed positively toward Bitcoin.That would be the best way turn to negative thoughts into positive actions instead of wasting your time with convincing the category who are against the digital currencies.

Here I agreed with you about this all social media which needs to be positive and improve our life have too much negativity which is creating feud badly and many better things are also going into negative list specially Bitcoin which is surely one of the best thing which we have in recent years and surely which is bringing revolutionary changes in millions lives need to be had better awareness but due to some competition mostly are going against this which is surely never been idea thing.

Right now many are trying their best for bringing positive ways about this bitcoin but still this is not enough because we have competition with the Mafia which is holding independence of peoples and their money control, and they will never allow the changes like this but positive thing we are spreading around the world, and surely we will have bigger community in coming days as well.

woez

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Quote from: thecodebear on March 27, 2023, 03:53:33 PM

Yes the vast majority of the public either doesn't know what Bitcoin is or thinking it is something negative.

Usually they think:
1. It's bad for the environment (it isn't, its actual a huge benefit)
2. It's a scam or pyramid scheme / ponzi or some other scheme the don't know the actual definition of
3. It's outdated tech (lol)
4. It's only good for criminals
5. It'll just be banned
6. It's a bubble (and they apparently don't know its been through several market cycles)
7. It's something people lose money on / it's going to zero (lol facepalm)

I think I hit all the major misconceptions / negative views.

How do we fix these. Simple: education! There is so much misinformation about Bitcoin passed around by people who don't have a clue about it and those people greatly outnumber the people who are actually educated on Bitcoin. We as a community need very good very public educational resources to point people to. As more and more people get educated on Bitcoin eventually the momentum will swing in favor of education instead of misinformation. But we're a very long way from that. It would of course help if some big people in media and politics were educated on Bitcoin and could spread the world. As currently its the government that is engaging in the next big attack on Bitcoin.

Yes, It is unfortunate that most of the people do not know what Bitcoin is or think negatively of it due to misinformation. Your observations about major misconceptions and negative views of Bitcoin are quite accurate.

I think it is also important for influential people in media and politics to be educated about Bitcoin and spread the word. Right now, governments are embroiled in their next big attack on Bitcoin, so it is very important to educate policy makers about the benefits of Bitcoin and how it can positively impact the economy. Thanks for bringing the public's perspective on Bitcoin.

Baoo

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Unfortunately, we are living in a pessimistic world, the social media is full of negativity and triviality. In fact, they usually spread fake news , article and misinformation on anything related to Bitcoin and generally cryptocurrencies, their main goal to affect on Bitcoin’s reputation in a terrible way. Fortunately, Bitcoin’s community is getting bigger by time despite all the successive attacks from the governments and banks to break it. In my opinion, we should not be worried with the public perspective on Bitcoin. The more we spread positive , real information and educational resources , the more global outlook will be changed positively toward Bitcoin.That would be the best way turn to negative thoughts into positive actions instead of wasting your time with convincing the category who are against the digital currencies.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: tygeade on April 12, 2023, 11:48:46 AM

I believe that we owe a lot to those people. Sure they are ignorant and have absolutely no clue and they are losing a lot of money. But that doesn't mean that we haven't benefited from that, they lose their money and who do they lose it to? People like us who would hold for a long time. We buy from them when it is low, and sell to people when it is high, which means that people who sell when the price is low are people we owe our wealth to.

Weak hands selling means profit for the strong hands who have the experience of years in this sector. Surely they should learn from this that they are making a mistake selling at the loss but there will always be someone who dumps early and accepts a loss than holding through a painful bear market. Same happens in the stock market with newbies buying at the bull market and being unable to hold for long, sell at the bear market. These things need to be learnt by any new speculative trader through dummy trading before real life trading.

Quote

I have bought bitcoin when it was under 20k for example, which means that there was someone who sold it when it was under 20k, and now I can sell that and make a profit, which is a proof that we are talking about people who lost money that became my gain and that's amazing to me.

We can keep cycling this money to multiply the profits over years to come while those who dont will only wait and watch and never be able to grow their wealth.

martyns

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Quote from: romero121 on April 10, 2023, 06:52:03 PM

Public doesn't have much information regarding bitcoin in my locality. Even if something is broadcast about bitcoin, they doesn't care much about it as the awareness is quite low. In my region bitcoin isn't much associated with scams, because the people are fed up with different types of scams through traditional system have fooled people. Now slowly some people have started to scam people in the name of cryptocurrency. I don't know how long this could go, once myself encountered to meet the person and asked few questions. Informed him soon you're gonna be under the police custody for what you've been doing. He said he's just an agent and working for few dollars. His company is clearly registered and so on. I've suggested people not to get into traps, better understand what cryptocurrency is all about and move forward and take decision.

You just spoke my mind mate,because my locality and the the people around this area have same perspective about Bitcoin as well.The moment they see that you do online work that pays you,they label you a scam,and I don't blame them atimes because most of them have their different ordeal about different people that have scammed them using the name Bitcoin,therefore,on the whole,they see Bitcoin as scam,but it is left for us who know how legit and how true it is to enlighten the public about Bitcoin,telling them the advantages and benefits of Bitcoin.

I have been able to convince a couple of friends around me now that BTC is never a scam,and that it is a legit source of income.Kudos to those of my friends who heard me and switched to Bitcoin,today they are thanking me for introducing and explaining in detail what Bitcoin is to them.

bosede1

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Experience has shown that you can only convince people with your own experience, but seriously most times I tell people about Bitcoin they don't doubt or hold any negative thoughts because they know I won't involve them in any dubious thing, the only issue is just funding with them. You don't need to change the public perspective about Bitcoin but if your little group or family is well-informed, then it will grow from there.

tygeade

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Quote from: TheUltraElite on April 10, 2023, 10:33:22 AM

Quote from: Gyfts on April 01, 2023, 03:51:52 PM

The only reason Bitcoin is valuable is because there's a demand for it. Prices increase with demand.

It is against the interests of a Bitcoin holder for the public perspective of crypto to be negative because that means less users, less demands, and a lower price.

A few negative users means discounted prices if they FUD the market, so that is good for us to accumulate, of course not sell - but then which one of us are selling away all their holdings right now? The ignorant people make the mistake of dragging the price down is when we can buy and then we will dump on them when they come in with new enthusiasm. This is what whales have been doing to profit.

I believe that we owe a lot to those people. Sure they are ignorant and have absolutely no clue and they are losing a lot of money. But that doesn't mean that we haven't benefited from that, they lose their money and who do they lose it to? People like us who would hold for a long time. We buy from them when it is low, and sell to people when it is high, which means that people who sell when the price is low are people we owe our wealth to.

I have bought bitcoin when it was under 20k for example, which means that there was someone who sold it when it was under 20k, and now I can sell that and make a profit, which is a proof that we are talking about people who lost money that became my gain and that's amazing to me.

romero121

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Public doesn't have much information regarding bitcoin in my locality. Even if something is broadcast about bitcoin, they doesn't care much about it as the awareness is quite low. In my region bitcoin isn't much associated with scams, because the people are fed up with different types of scams through traditional system have fooled people. Now slowly some people have started to scam people in the name of cryptocurrency. I don't know how long this could go, once myself encountered to meet the person and asked few questions. Informed him soon you're gonna be under the police custody for what you've been doing. He said he's just an agent and working for few dollars. His company is clearly registered and so on. I've suggested people not to get into traps, better understand what cryptocurrency is all about and move forward and take decision.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Gyfts on April 01, 2023, 03:51:52 PM

The only reason Bitcoin is valuable is because there's a demand for it. Prices increase with demand.

It is against the interests of a Bitcoin holder for the public perspective of crypto to be negative because that means less users, less demands, and a lower price.

A few negative users means discounted prices if they FUD the market, so that is good for us to accumulate, of course not sell - but then which one of us are selling away all their holdings right now? The ignorant people make the mistake of dragging the price down is when we can buy and then we will dump on them when they come in with new enthusiasm. This is what whales have been doing to profit.

Quote

And we can only hope the mainstream accepts Bitcoin sooner rather than later, because the attempts from government I've seen to regulate crypto have been concerning. Any passive observer would probably not be too receptive to such regulations, but they don't care enough because they aren't crypto users. These are the type of people we need on board if crypto has a chance against government derangement/ineptitude.

We do need more users to join this sphere but only those who understand how this market works and thus have a strong holding game. Not the short term sellers who only see crypto as a mode of quick money and complain about it not going up right after they buy.

Twentyonepaylots

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Quote from: Mate2237 on April 01, 2023, 02:47:55 PM

Frankly speaking, the majority of people that in the public space is still thinking that bitcoin is for bad people in the society. They think that anyone who uses bitcoin is a bad person. So they do not see anyone who uses bitcoin as a good person. But that is a misconception of the whole thing and that is why serious orientation need to be given to the public space about the good aspect of bitcoin so that those who thought that bitcoin is a bad asset will be convinced to accept bitcoin if not people are still blindfolded with the Ponzi schemes which were rampart around the whole world. Some church pastors do not even want their members to go close to bitcoin because as for them using bitcoin is against the faith and it is a sin. And it is committed awareness orientation that can remove this barricade from the mentality of these people.

In our country, it is not directly reflected on the individual using it but the Bitcoin itself since they see it as a way to scam people. This, I think, is due to the cases of scam using bitcoin platform. It makes a bad image on it. Although, majority have awareness towards it, only half expresses interest in investing. I think these perspective on bitcoin and other cryptocurrency can be turn into a good one if we let people see how advantageous to use it and making sure that it is secure enough through having deeper understanding of the processes in regards to this.

samcoin

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Quote from: TitanGEL on March 27, 2023, 12:27:08 PM

I've been thinking for a while on how the perception of the public will turn into positive in regards to bitcoin and other cryptocurrency? There is a big problem on how the public see the bitcoin because the 1st ever thought that pops in their mind is something negative and I don't blame them because there are reasons or past history why they have thoughts thats comes to them like that. One of the reasons that I've been thinking is what they perceive when they first hear or read the word bitcoin, we usually consume a lot of contents not only in television but of course in a lot of social media platforms. One of them are the articles online or influencers who shares their opinion of the bitcoin. If the public watch or consume negative opinions or story regarding bitcoin, their mental perspective to it will immediately turn to bad.

The reason for the negative thinking about Bitcoin and the whole crypto sector, is the scam stories that show up from time to time. Today, I read somewhere in the news that $30 Billion was wasted on crypto scam projects, but I'm not sure about the period. Oppositly, this market has many advantages that might make it attractive to the crowd, like the high ROI it offers compared with other markets, so we shouldn't always judge it the bad way. Actually, the crowd sentiment about the crypto sector started to shift recently after the big investment companies joined the market, and with the support of some regulation papers that were presented in some countries. In addition, the volatility, which caused a lot of people to leave the market, started to decrease as the total market cap is going up. However, I think more time and regulations are needed before we can say that most of the world's popularity is positive about crypto.

Quote from: TitanGEL on March 27, 2023, 12:27:08 PM

My question is how we can turn their perspective into positive? I have good motive on that because I also want them to have a better lives by understanding how it works and also how we can chance their way of living by using it.

Unfortunately, we as supporters can't do anything as the domain is controlled now by big companies and exchanges, who control Bitcoin prices and big shares in the well known altcoins. Even the biggest crypto news websites and media are supported and fully paid by some companies.

Gyfts

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Quote from: TheUltraElite on March 29, 2023, 01:24:31 AM

Keep them ignorant, why bother? After all it is your advantage anyway because you will keep accumulating bitcoin as it's price keeps increasing and then you can dump on these no-coiners with sky high prices, profits for you 😈

The only reason Bitcoin is valuable is because there's a demand for it. Prices increase with demand.

It is against the interests of a Bitcoin holder for the public perspective of crypto to be negative because that means less users, less demands, and a lower price.

And we can only hope the mainstream accepts Bitcoin sooner rather than later, because the attempts from government I've seen to regulate crypto have been concerning. Any passive observer would probably not be too receptive to such regulations, but they don't care enough because they aren't crypto users. These are the type of people we need on board if crypto has a chance against government derangement/ineptitude.

Kgdktac

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To turn the public's perception of Bitcoin into a positive one, education is key. One effective way to educate the public about Bitcoin is by sharing accurate and reliable information about how it works, its benefits, and its potential impact on the financial industry.

Another way to promote the positive perception of Bitcoin is by highlighting its success stories and real-life use cases. For example, showcasing how Bitcoin has helped people in developing countries to access financial services, or how it has enabled individuals to make cross-border transactions without the need for intermediaries.

it is essential to address the concerns of the public regarding the risks and challenges associated with Bitcoin, such as market volatility and security risks. This can be done by providing transparent and accurate information on the risks involved and how to mitigate them.

Mate2237

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Frankly speaking, the majority of people that in the public space is still thinking that bitcoin is for bad people in the society. They think that anyone who uses bitcoin is a bad person. So they do not see anyone who uses bitcoin as a good person. But that is a misconception of the whole thing and that is why serious orientation need to be given to the public space about the good aspect of bitcoin so that those who thought that bitcoin is a bad asset will be convinced to accept bitcoin if not people are still blindfolded with the Ponzi schemes which were rampart around the whole world. Some church pastors do not even want their members to go close to bitcoin because as for them using bitcoin is against the faith and it is a sin. And it is committed awareness orientation that can remove this barricade from the mentality of these people.

imamusma

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Quote from: Captain Corporate on April 01, 2023, 01:54:39 PM

The perspective changed a ton from the first time I got it. The day I joined crypto was early march of 2013 if I am not wrong, I heard about it in late 2012 but got it in early 2013 basically. During those days it was all drug money and money laundering and all the troublesome stuff and not the real things, like an investment. Obviously, that has changed a ton lately and there are a lot of people who are considering this as a bad thing even today but most of the people in the world ended up liking it and investing in it and now we have a lot better. Obviously, the price changed as well when the perspective changed, and that is still growing.

You're right, a lot of negativity about bitcoin is still being talked about and that isn't going to change among those who hate it. While anyone who is smart enough will not easily believe in anything until they prove it themselves. So, in the past, bitcoin was often called ponzi scheme, that was because they only believed what other people said, while they themselves didn't know what ponzi was.

Even today some people still believe that bitcoin can have a negative impact on a country's economy, but I think it is only because they are afraid that bitcoin is increasingly in demand by the public.

panganib999

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First, you have to get rid of negative preconceptions about bitcoin as well as other biases that have been instilled to the public's mind since time immemorial, this is one of the hardest things to do without indoctrinating the people and making them look like zombies or cultists which we don't want. For that to become possible, we need to at least have a concrete plan, and thus far, holding informative seminars and community town hall meetings with incentives for attending and coming back proves to be the best way to catch the people's attention.

Next, you have to let them spread the word about bitcoin through word of mouth, this part is tricky because at the same time, you have to take into consideration the fact that they shouldn't think of bitcoin as this get-rich-quick scheme which might be instilled in their brains from the lessons you gave, but in any case, these are but some of the things I found out to be effective per se in relinquishing prejudice against bitcoin and allowing the public to see it in a better light.

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