Topic: What is the biggest misconception of Cryptocurrency in your country? - page 2. (Read 875 times)
September 12, 2018, 08:24:37 AM
Same thing in our country. Even some of my relatives told me to stop because it's a scam and no matter how I explain it to them, their mind is closed about it.
September 12, 2018, 08:19:11 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?
in my country there is nothing strange with bitcoin, the government says it's true that digital currencies like bitcoin are very risky, because bitcoin has an unstable price. there is a lot of fraud in cryptocurrency, therefore the government prohibits bitcoin trading. How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?
September 12, 2018, 08:14:50 AM
In my nation, most people regard cryptocurrency as a ponzi scheme, the skepticism around it has hindered most from acquiring the basic knowledge of cryptocurrency.
Most people like to join a bandwagon, and by then it might be quite late.
Most people like to join a bandwagon, and by then it might be quite late.
September 12, 2018, 08:14:06 AM
Same as in other countries. Most people believe that the crypto-currency market is a bubble, a casino and a scam.
September 12, 2018, 08:10:46 AM
My country has no misconception about cryptocurrency. Only about 10% of the total population of my country have knowledge about cryptocurrency, and out of this 10% about 2% are into bitcoin investment and the remaining 8% just have knowledge on what cryptocurrency is.
September 12, 2018, 08:09:48 AM
People are now thinking that whenever anyone starts to join the crypto world, that means the person is corrupt and at the same time a hacker as well but this shouldn't be. Even now what they frown to is always sitting by your PC and browsing.
September 12, 2018, 08:02:30 AM
The biggest misconception in my country about bitcoin is that, bitcoin is just a means for people to steal and laundered money without being traced. I believe people don't want to accept change and adopt to the change.
September 12, 2018, 07:58:34 AM
it is absolutely true and I think in your country it is also not much different from my country, in my country there are also many people who think that bitcoin is just a fraud and a scam.
September 12, 2018, 07:52:48 AM
Till date, so many people still take cryptocurrency to be scam, especially bitcoin. Many of them have had the bitter experience of scam in the past and tend to want to steer clear once they hear cryptocurrency. This is a big misconception because cryptocurrency is not what they think it is.
September 05, 2018, 09:56:23 PM
One pretty obvious and common misconception about cryptocurrency in our country, particularly Bitcoin, is that it's a scam. Many of my countrymen do not understand that cryptocurrency cannot be a scam in its very sense. Crypto is just being used as a tool by frauds who want to take advantage of others. This is what stains the image of Bitcoin and crypto as a whole.
The mentality of being a quick way to earned money and calling its system as an scam when things won't favor their side, I guess that's the factorsof misconceptions from my end, many people here didn't bother to understand and make things clear before investing their money, they are just hoping that by joining their money will grow faster, the big mistake is they already didn't bother to understand the risk and when the time comes and downfall
happen for long term, they will begin to cry out loud and call this chain being an scam one.
September 05, 2018, 09:40:00 PM
In my country a lot is wrong about understanding bitcoin. Not infrequently this misunderstanding is more easily spread than true Bitcoin understanding, there are five things about bitcoin misunderstanding.
1. Bitcoin is just a giant ponzi scheme
2. Bitcoin is widely used by criminals
3. Bitcoin can only be used online
4. Bitcoin is easily stolen
5. Transactions are completely anonymous
For that bitcoin education is very important to do so that people avoid mistakes in perceiving about bitcoin.
1. Bitcoin is just a giant ponzi scheme
2. Bitcoin is widely used by criminals
3. Bitcoin can only be used online
4. Bitcoin is easily stolen
5. Transactions are completely anonymous
For that bitcoin education is very important to do so that people avoid mistakes in perceiving about bitcoin.
September 05, 2018, 08:59:28 PM
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 ..
September 05, 2018, 08:52:49 PM
One pretty obvious and common misconception about cryptocurrency in our country, particularly Bitcoin, is that it's a scam. Many of my countrymen do not understand that cryptocurrency cannot be a scam in its very sense. Crypto is just being used as a tool by frauds who want to take advantage of others. This is what stains the image of Bitcoin and crypto as a whole.
September 05, 2018, 08:32:02 PM
Most people believe that bitcoin and other cryptocurrencies are a scam or just a vehicle to do criminal things. I guess the fact that it’s digital, gives it an air of mystery –like the black market. It’s obvious that skepticism is brought about by ignorance. People need to be educated about cryptocurrencies. And thank goodness there are schools now teaching it. Education is the foundation of trust, which will then help establish this new financial paradigm. But what other ways do you think we can help society trust in cryptocurrency more?
September 05, 2018, 07:06:45 AM
Because of some bad experience from ponzi schemes in my country rendering some participants homeless and causing divorce due to greed. So the public who are yet to research about Cryptocurrency think is another well packaged ponzi to send many to hell of financial ruin.One has to pursue his believe.
September 05, 2018, 06:59:01 AM
My country is like that, so sad. The government prohibits Bitcoin because it does not enrich the national budget, it also implies the risk of crime. In addition, most people have a bad view of Bitcoin in particular and virtual currency in general, they think it is scam.
September 05, 2018, 06:07:33 AM
In my country, as in most countries, it is believed that bitcoin is a bubble that should soon burst.
September 05, 2018, 05:10:43 AM
Rumors about the fact that this is all a big bubble and deception, that this is a new pyramid, designed to take money away and deceive people.
September 05, 2018, 05:01:16 AM
Many people in my country think that Bitcoin is only used by crimes for illegal activities. That is the biggest misconception of Bitcoin that I have ever heard. It seems to me that those people don't know anything about Bitcoin as well as cryptocurrency. they say that due to the lack of governmental control and proper regulations, Bitcoin is irresittible for crimes and frauds. I don't know how to deal with them.
September 05, 2018, 05:00:20 AM
I always find some people really ridiculous to deem Bitcoin as a Ponzi Scheme. It is absurd to label bitcoin a Ponzi scheme. At any rate a Ponzi scheme uses current inflows to pay “profits” to the earliest “investors” and the earlier you get in the more you make while the last one into the scheme finds he has no chair when the music stops. Bitcoin market, in contrast, works exactly the same as stocks market, nowhere near being a Ponzi Scheme. I can't understand what they are thinking.
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