I can see why ill-informed/un-informed people believe that Bitcoin is a scam, because they are told that it as a high-risk money making scheme where there are winners and losers. In some respects that is a valid view, depending on your approach to Bitcoin i.e. blindly daytrading.
I enjoy telling people at work etc about Bitcoin, I don't think that I would advise them to invest as I wouldn't be able to accept any losses or stress that they incurred as a result. But I think that it's important for your friend to accept the points you make about Bitcoin as a solution to financial, security and trust problems, rather than just the naysaying wife who views it for the thing than 99% of noobs see it as, a money spinner.
Topic: Talked someone into bitcoin only to bail because his bank saying its a scam (Read 3095 times)
July 12, 2014, 03:34:13 AM
July 12, 2014, 12:29:09 AM
Well, I know how it is. Can't say no to the wife. 
Story sounds pretty crazy, though -- illegal/scam? I've never heard of banks to hold that position, certainly at this point. But some are still stuck in the past.
Story sounds pretty crazy, though -- illegal/scam? I've never heard of banks to hold that position, certainly at this point. But some are still stuck in the past. July 12, 2014, 12:25:19 AM
Thanks for sharing so the banks now are seriously misinformed on Bitcoin and turning away potential investors by calling it a scam.
I think I would go to the branch and show them all the vendors accepting it, the best counter here is adoption and proof the system is being used by organizations that are far from scams.
My bank is known to be Bitcoin-hostile. I don't mention Bitcoin at all. I just quietly opened an checking account at a competing bank instead (disclosing my intention to buy/sell Bitcoin approximately monthly).
That was not my only reason for leaving: they also took money out of the wrong bank account and charged a double overdraft fee for my trouble.
July 11, 2014, 07:10:11 PM
i've only spoken to a few people irl about bitcoin. my family and friends generally see it as some kind of pyramid scheme or scam. however, i did meet one older man who was a libertarian and very interested in bitcoin, but he would not invest because he believed governments worldwide would ban it, and they would become worthless.
if i do talk to someone about bitcoin, i just give them a quick explanation and suggest they research it on their own and form their opinion. if they think its a scam, so be it.
if i do talk to someone about bitcoin, i just give them a quick explanation and suggest they research it on their own and form their opinion. if they think its a scam, so be it.
You deserve a 'bing'. Told my family about it, also, they also seem to think it's a scam, calling it 'drug money'. I've just stopped trying to say otherwise completely, since everyone has opinions. But, meh.
July 11, 2014, 06:30:18 PM
Who goes to his bank toa ask for advice? Seriously?
Haha, banks from here make commercials all the time about that. Honestly, it's the last place I'd go but apparently a lot of people still think they're experts.
July 10, 2014, 11:23:39 PM
I told Bank of America that I couldn't wait until bitcoin put them out of business...
and thats the fastest way to get your account closed. i done the opposite and my bank loves me and for 2 years+ of being into bitcoin, i have had no issues at all....
if your going to talk badly to them, be prepared for them to think badly of you.
yea, i dont like the banking system, but you gotta learn the game if you want to win
July 10, 2014, 09:44:05 PM
Dont worry, the dumb money will eventually come in at much higher prices.
July 10, 2014, 09:16:30 PM
its fine, it gives BTC much more time to consolidate and gives buying opportunities.
when btc gets to 100K a pop, so many people will be kicking themselves, including they person at the bank (now defunct) that gave that advice.
BTC almost selects out people who can understand it according to its uptake.
when btc gets to 100K a pop, so many people will be kicking themselves, including they person at the bank (now defunct) that gave that advice.
BTC almost selects out people who can understand it according to its uptake.
July 10, 2014, 09:02:30 PM
my bank loves my bitcoin business and is fully aware, all because i explained the simple fact that when i sell bitcoins, it involves people putting FIAT into my bank account.. meaning my bank is making money.
What bank is this? I'd love to open a business account with them.
Another point I want to bring up is that you're using the term "my bank" very loosely. There are many departments, and only one department, usually the fraud department, determines whether your bitcoin business is acceptable or not. The bankers that work inside the physical branches have no say in whether your bitcoin business is ok or not.
July 10, 2014, 07:56:36 PM
I don't think your quite getting what my intentions were and it wasnt to act as a "fucking salesman". I let him know all the beneficial reasons that bitcoin is about,and if he was interested how to get started. As as as i'm concerned there was nothing I said that was even remotely close to what a pyramid scheme is. What my OP was about is how the general people including ones who work for banks view bitcoin.
ofcourse their going to personally not like bitcoins because they think their jobs are at risk if people start using bitcoin and start not needing FIAT.
its like a person at a farmers market selling naturally grown apples (now classed as organic so the GM apples can steal the term 'apples' to not have to admit they are GM, but anyways).. these organic apple sellers are worried that other apple sellers(GM) will make perfectly round, shiny, colorful apples that never get pests or worms eating them and able to sell them cheaper.. so organic farmers will shout to the heavens that GM foods cause cancer and turn you into lizard people.
diverging back to topic..
my bank loves my bitcoin business and is fully aware, all because i explained the simple fact that when i sell bitcoins, it involves people putting FIAT into my bank account.. meaning my bank is making money. (conversations were longer and more indepth, but that was the simple version)
I told Bank of America that I couldn't wait until bitcoin put them out of business...
For like a million times, your hubby should chain you to the kitchen. You're too dumb to let you loose.
Who talks like that? Bank is a business with their own right of their services, you dont like it fck off.
July 10, 2014, 07:49:36 PM
I told Bank of America that I couldn't wait until bitcoin put them out of business...
and thats the fastest way to get your account closed. i done the opposite and my bank loves me and for 2 years+ of being into bitcoin, i have had no issues at all....
if your going to talk badly to them, be prepared for them to think badly of you.
yea, i dont like the banking system, but you gotta learn the game if you want to win
July 10, 2014, 06:40:59 PM
I cringe whenever I hear of people telling their friends/family they should buy bitcoins. Seems you have no issues with offering unsolicited investment advice? Actually calling and visiting them to see if they bought bitcoin is kind of bizarre behavior imho
Bitcoin is extremely volatile, all too easily you will have people that used to be your friend pissed off at you because they're losing money.
If you really want your friends/family to have some coin, give them a few bucks worth. The ones that are truly interested will buy more on their own.
Bitcoin is extremely volatile, all too easily you will have people that used to be your friend pissed off at you because they're losing money.
If you really want your friends/family to have some coin, give them a few bucks worth. The ones that are truly interested will buy more on their own.
July 10, 2014, 05:10:18 PM
Who goes to his bank toa ask for advice? Seriously?
Haha, banks from here make commercials all the time about that. Honestly, it's the last place I'd go but apparently a lot of people still think they're experts.
Yep I've seen a lot of advertisements about going to see their Financial Advisers for one thing or another. come see our representatives today.
But perhaps those ones are fine since they had to take the finance courses for it, just not the tellers lol.
But its still all about making money most of the time.
July 10, 2014, 05:09:24 PM
I don't think your quite getting what my intentions were and it wasnt to act as a "fucking salesman". I let him know all the beneficial reasons that bitcoin is about,and if he was interested how to get started. As as as i'm concerned there was nothing I said that was even remotely close to what a pyramid scheme is. What my OP was about is how the general people including ones who work for banks view bitcoin.
ofcourse their going to personally not like bitcoins because they think their jobs are at risk if people start using bitcoin and start not needing FIAT.
its like a person at a farmers market selling naturally grown apples (now classed as organic so the GM apples can steal the term 'apples' to not have to admit they are GM, but anyways).. these organic apple sellers are worried that other apple sellers(GM) will make perfectly round, shiny, colorful apples that never get pests or worms eating them and able to sell them cheaper.. so organic farmers will shout to the heavens that GM foods cause cancer and turn you into lizard people.
diverging back to topic..
my bank loves my bitcoin business and is fully aware, all because i explained the simple fact that when i sell bitcoins, it involves people putting FIAT into my bank account.. meaning my bank is making money. (conversations were longer and more indepth, but that was the simple version)
I told Bank of America that I couldn't wait until bitcoin put them out of business...
July 10, 2014, 05:08:10 PM
Who goes to his bank toa ask for advice? Seriously?
Haha, banks from here make commercials all the time about that. Honestly, it's the last place I'd go but apparently a lot of people still think they're experts.
July 10, 2014, 04:26:05 PM
I don't think your quite getting what my intentions were and it wasnt to act as a "fucking salesman". I let him know all the beneficial reasons that bitcoin is about,and if he was interested how to get started. As as as i'm concerned there was nothing I said that was even remotely close to what a pyramid scheme is. What my OP was about is how the general people including ones who work for banks view bitcoin.
ofcourse their going to personally not like bitcoins because they think their jobs are at risk if people start using bitcoin and start not needing FIAT.
its like a person at a farmers market selling naturally grown apples (now classed as organic so the GM apples can steal the term 'apples' to not have to admit they are GM, but anyways).. these organic apple sellers are worried that other apple sellers(GM) will make perfectly round, shiny, colorful apples that never get pests or worms eating them and able to sell them cheaper.. so organic farmers will shout to the heavens that GM foods cause cancer and turn you into lizard people.
diverging back to topic..
my bank loves my bitcoin business and is fully aware, all because i explained the simple fact that when i sell bitcoins, it involves people putting FIAT into my bank account.. meaning my bank is making money. (conversations were longer and more indepth, but that was the simple version)
July 10, 2014, 04:04:27 PM
wow reading some replies here and ...:facepalm:
You must be a moron to tell your friends to invest into something/anything.
Instead, you should only educate them about bitcoin while retaining from giving financial advice.
As for OP, stop pushing like a fcking saleman, You're making it looks like a pyramid scheme now.
You must be a moron to tell your friends to invest into something/anything.
Instead, you should only educate them about bitcoin while retaining from giving financial advice.
As for OP, stop pushing like a fcking saleman, You're making it looks like a pyramid scheme now.
I don't think your quite getting what my intentions were and it wasnt to act as a "fucking salesman". I let him know all the beneficial reasons that bitcoin is about,and if he was interested how to get started. As as as i'm concerned there was nothing I said that was even remotely close to what a pyramid scheme is. What my OP was about is how the general people including ones who work for banks view bitcoin.
July 10, 2014, 03:18:38 AM
wow reading some replies here and ...:facepalm:
You must be a moron to tell your friends to invest into something/anything.
Instead, you should only educate them about bitcoin while retaining from giving financial advice.
As for OP, stop pushing like a fcking saleman, You're making it looks like a pyramid scheme now.
You must be a moron to tell your friends to invest into something/anything.
Instead, you should only educate them about bitcoin while retaining from giving financial advice.
As for OP, stop pushing like a fcking saleman, You're making it looks like a pyramid scheme now.
July 10, 2014, 01:30:21 AM
Who goes to his bank toa ask for advice? Seriously?
Some people apparently
But there's a nice audio here of a banker lol.
https://bitcointalksearch.org/topic/m.7760483
http://vocaroo.com/player.swf?playMediaID=s0u4rwNFT0A4&autoplay=0
Listening to it myself just going darn Chase bank.
July 10, 2014, 01:20:13 AM
Who goes to his bank toa ask for advice? Seriously?
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