Topic: What is the biggest misconception of Cryptocurrency in your country? (Read 840 times)
January 20, 2019, 07:25:00 PM
as I heard, in my country I did not approve the BTC because I was afraid of being harmed, because the BTC had no regulations and was not legal in the law. so my country hasn't agreed to bitcoin. but I still believe that over time btc will increase and be legalized.
January 20, 2019, 06:13:01 PM
Basically bitcoin is said to be a Scam. But no one can say why. Just too many skeptics who do not believe in the success of the currency in digital format. Perhaps the fact is that most people in my country are too conservative and do not perceive technological progress.
January 20, 2019, 06:09:04 PM
No one believes in the fact that this technology is really able to replace the conventional currency, or that it is possible to earn. And most people firmly believe in it and do not want to change their opinion.
January 20, 2019, 05:29:28 PM
Many of my friends, like most people in my country, still think that bitcoin is a currency for criminals and it was created only to buy drugs. This is a big stereotype, which can not be destroyed.
December 23, 2018, 10:32:08 AM
In my country many see crypto as a ponzi scheme and most people have not come with terms with the facr that you can store digital assets electronically. But as time goes on many will see the real usecase of crypto currency and blockchain technology
December 23, 2018, 01:48:43 AM
Yes...good question you ask here
I think the biggest misconception abour cryptocurrency in my country NIGERIA is that cryptocurrency is a ponzi scheme. Because a lots of ponzi scheme companies have come into the country, looted people's money and disappeared. So the country is now on the page, anything that comes through internet or any sort of is a ponzi and it's a dead end.
yes maybe they only think of themselves and don't think of other people's money, all they think about is getting money, money and money without guilt. it also doesn't happen in your country, but there are still countries like that.I think the biggest misconception abour cryptocurrency in my country NIGERIA is that cryptocurrency is a ponzi scheme. Because a lots of ponzi scheme companies have come into the country, looted people's money and disappeared. So the country is now on the page, anything that comes through internet or any sort of is a ponzi and it's a dead end.
December 22, 2018, 11:15:21 PM
Yes...good question you ask here
I think the biggest misconception abour cryptocurrency in my country NIGERIA is that cryptocurrency is a ponzi scheme. Because a lots of ponzi scheme companies have come into the country, looted people's money and disappeared. So the country is now on the page, anything that comes through internet or any sort of is a ponzi and it's a dead end.
yes maybe they only think of themselves and don't think of other people's money, all they think about is getting money, money and money without guilt. it also doesn't happen in your country, but there are still countries like that. I think the biggest misconception abour cryptocurrency in my country NIGERIA is that cryptocurrency is a ponzi scheme. Because a lots of ponzi scheme companies have come into the country, looted people's money and disappeared. So the country is now on the page, anything that comes through internet or any sort of is a ponzi and it's a dead end.
December 22, 2018, 06:14:21 PM
Yes...good question you ask here
I think the biggest misconception abour cryptocurrency in my country NIGERIA is that cryptocurrency is a ponzi scheme. Because a lots of ponzi scheme companies have come into the country, looted people's money and disappeared. So the country is now on the page, anything that comes through internet or any sort of is a ponzi and it's a dead end.
I think the biggest misconception abour cryptocurrency in my country NIGERIA is that cryptocurrency is a ponzi scheme. Because a lots of ponzi scheme companies have come into the country, looted people's money and disappeared. So the country is now on the page, anything that comes through internet or any sort of is a ponzi and it's a dead end.
September 12, 2018, 03:44:31 PM
There are as never been any misconception of crypto currency in my country. I have never heard about government talking any thing concerning bitcoin. Be it scam or ponzi scheme. There is nothing like that.
September 12, 2018, 03:37:36 PM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?
The strangest expressions I've heard from people in my country are: "what is your bitcoint?", "what it eats?
", "it's a pyramid that's about to burst."... LOL, But in general, in my country do not really know what bitcoin is, and that bitcoin in my country is not popular. 
September 12, 2018, 03:24:05 PM
In my country not so many people are familiar with cryptocurrencies and many of them are thinking that Bitcoin is some kind of scam or ponzi scheeme, other think that is highly complicated and sophisticated so they wouldn't understand it and some think it's connected to criminal and illegal activities so they don't want to have anything to do with it.
I beleive it's similar in many countries that is why we need more information and education about Bitcoin and cryptocurrencies and more positive promotion.
I beleive it's similar in many countries that is why we need more information and education about Bitcoin and cryptocurrencies and more positive promotion.
September 12, 2018, 03:19:50 PM
Probably the biggest misconceptions are:
Bitcoin is a ponzi scam and that people should avoid because it's scam and expensive.
Bitcoin is a currency in dark web that people use for illegal transactions; to avoid tracking from the government.
Bitcoin is a ponzi scam and that people should avoid because it's scam and expensive.
Bitcoin is a currency in dark web that people use for illegal transactions; to avoid tracking from the government.
September 12, 2018, 11:27:17 AM
here in my country people see bitcoin to be something without future since it has no legal backing. trust me despite the numerous misconceptions that people have about bitcoin most people has also taken it upon themselves to make something good and big out of it.
September 12, 2018, 10:37:23 AM
The misconception is that everything is too easy in cryptocurrency, it was very difficult to understand the current situation in the cryptocurrency market, which is trapped and many prices will jump.
September 12, 2018, 10:34:46 AM
Same thing here but only for those who are not really into it. You know, the traditionalist and we can't blame them because of the news that are going out about scams on cryptocurrency although those in the trading system are already quite comfortable with it already.
I think that is the biggest misunderstanding of my government.
In my country, the government has banned people from entering the crypto market in any way. Messages that are so important and emergency messages cannot come to us as soon as possible and we must suffer losses when we do not update the news as soon as possible.
September 12, 2018, 10:27:44 AM
Same in my country, they see the next big thing in internet as a scam. It's saddens me every time i hear people says that. That's why i educate those who i can reach. We as a believer of cryptocurrencies should spread the advantage of it.
September 12, 2018, 10:04:57 AM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?
Why not mention what country you belong so we can share thoughts,but talking misconceptions I believe that all the people in every country’s has this same first thought because truthfully who will believe in a virtual money that having this huge value and very unpredictable.so we cant blame them and admit it or not we all have this thing in mind the very moment we hear abiut crypto currency
September 12, 2018, 09:56:04 AM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?
people just hard to accept new things before they see the testimony from a lot of people, because there are too many scams in this world they think that crypto is a scam too, sometime i heard that they know the cryptos are misuse for subsidize the terrorist and if you join in it means you support the subsidize for terrorist How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?
September 12, 2018, 09:32:52 AM
they do not really believe because bitcoin is not physically like a country's legitimate money and most people think bitcoin is a fraud
indeed it is difficult to make it difficult for them to believe that bitcoin is true, because bitcoin which is intangible like banknotes is valid in my country, until they think that bitcoin is just a fraud ..
Here also, people think that bitcoin is not true because it is a cryptocurrency and exists only in the internet and not regulated. What fired up their thought that bitcoin is a scam is because of the news that some people who invested their money on bitcoin got scammed, and that bitcoin is associated with higher risks because of its volatility.
September 12, 2018, 08:25:48 AM
People tend to believe in my country that cryptocurrency and bitcoin is a mere ponzi schemes. Their misconceptions is not far fresh from the fact most people in my country got scam in a popular online pear to pear ponzi schemes which alot of them lost so much money. And they henceforth believe anything not tangible and regularise by government is purely ponzi schemes.
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