Topic: What is the biggest misconception of Cryptocurrency in your country? - page 3. (Read 840 times)
September 05, 2018, 04:59:59 AM
In my country, Bitcoin is cracked down and the government always discourages people from investing in and using Bitcoin. They declared that Bitcoin and other virtual currencies are not legal tender or permitted means of payment in the country. Also, they said that services hosting bitcoins have been shown to be at high risk of being hacked, stolen, or have their database exchanges and exchanges stopped. Really sad.
September 04, 2018, 09:43:40 PM
Biggest misconception I’ve heard so far is that crypto is all hype and just a fad. Which is frustrating because it simply means that there are still people who don’t understand what it is and what it can do for society. What do you think will help people trust bitcoin or the concept of cryptocurrency?
September 04, 2018, 10:12:16 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?
We are in the same position dude.
People in my country are too skeptical towards cryptocurrency as they told me if all crypto coins are definitely scam and used for illegal activity. And the funny thing is they didn't want to understand any words from me when I explained them what cryptocurrency and blockchain.
September 03, 2018, 11:56:50 AM
I think in my country cryptocurrency is very neutral and some cities already have offices and cryptocurrency ATMs or Bitcoin ATMs that can be used to carry out bitcoin cryptocurrency transactions.
September 03, 2018, 11:49:33 AM
Bitcoin often hits the media when there is a big crypto jacking virus running wild like wannacry, this makes bitcoin guilty by association. Not helped by people buying drugs on the dark net. Overall, not a great reputation so there is work to be done
September 03, 2018, 11:46:35 AM
They think that Cryptocurrency is completely anonymous--no one can track you. This then leads them to believe that bitcoin and all other cryptocurrencies are only used for illlegal things. To make matters worse, the people who are not scared of crypto thinks that it is just another investment tool that will make them rich in a short time--which leads to plenty getting scammed.
September 03, 2018, 11:39:22 AM
My country does not recognize bitcoin and see it as a virtual currency that is illegal, easy to deceive.
September 03, 2018, 11:27:47 AM
People in my country have this strong belief that bitcoin is for fraudsters. So most people who are into it usually hide it from the society
September 03, 2018, 10:59:08 AM
In my country too, they probably have not grasped the trend and potential of bicoin. In my opinion bitcoin is not bad, you need to spend time to learn it thoroughly, follow it every day, evaluate its potential development will bring good profit for you.
September 03, 2018, 10:25:21 AM
so everytime they will hear bitcoin people will say you should stop that because its a Scam.
It's nearly the same for most countries, bitcoin is perceived to be a scam.
Mainly because the only newsfeed the general masses usually receives from the tube revolves around the same aspect. And if by chance they do try to explain what bitcoin is, people are left with mouths gape open wondering what they just heard.
It's really exhausting trying to make people understand what bitcoin is and more so to convince them that it is not a scam. Sadly, a lot of people are still taking advantage of the hype that bitcoin produced deterring the image of cryptocurrencies more and more.
September 03, 2018, 07:51:08 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?
i think its like in your country. bitcoin is scam, ponzi, and the other thing like that. bitcoin is gambling, but there are people say that bitcoin is trading's activity. so, when i say im collecting bitcoin, they think im trader. in a fact, there are many ways to earn bitcoin.How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?
i dont care about what they say, as long as its not harm them, ill do what i want.
September 03, 2018, 07:22:32 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 not just in my country but all over the world that cryptocurrency has been misconceived as a scam. Many people are trying to take it down because they tend to believe it's a scam. Well right now let me tell you that it is legit and a great system indeed. Don't let ignorance make you a fool and just educate yourself about crypto currency. 
September 03, 2018, 07:15:31 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?
As a Indonesian person, i think the biggest misconception about cryptocurrency in my country is cryptocurrency only for scammer and criminal action, we can not expect the benefit from cryptocurrency. I think thats the biggest misconception. How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?
September 03, 2018, 06:15:50 AM
There are still limits in my country, they are not really aware of the importance of bitcoin, although the world has talked about the virtual currency. Some people do not understand the concept of bitcoin. When it comes to developing countries like China (which has a very high bitcoin ratio)
September 03, 2018, 06:12:40 AM
In my country, really bitcoin is not well known, especially young people present when referring to bitcoin also do not know what it is? Only those who learn and work quietly know about it and they are less likely to point out each other about using bitcoin, almost exclusively working individually unless they do. Working together for a long time or some other special case.
September 03, 2018, 06:09:02 AM
In my country people are mostly positive about cryptocurrencies but also a lot of them, especially the older ones are scared of it and call it a ponzischeme.
September 03, 2018, 06:07:26 AM
a friend of mine says: "you all shake on the money!"at the same time spends on drink every day more than it earns per month) the question is, who rocked on the money?)
September 03, 2018, 06:06:06 AM
in Russia, 90 % of people know nothing about cryptocurrency. and out of the 10 % who know, half think it's a Scam, a pyramid scheme, financial and other nonsense.
September 03, 2018, 05:14:19 AM
In my country, bitcoin is though to give a source of income trough this forum and I am one of those who become interested. At first, I search what is bitcoin, altcoin, how it works, what is blockchain etc. until I get the answer I want and the overview of what is cryptocurrency all about. The biggest misconception in my country is that cryptocurrency is money making scheme although its half true, the other side makes it worst for those who try it because of someone telling them to invest as it guarantees profit which is not true. Actually, only a few percentage that gets in the industry that makes millions in a shorter period of time. Most of the millionaires here are invested their money in bitcoin 5 years ago which is I think a good time to invest if we just believe in bitcoin.
September 03, 2018, 04:55:15 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?
I always have an hectic task convincing people about the misconception about bitcoin in my country, a lot of them opinionated that it is a scam and ponzi scheme of course we all knew that bitcoin doesn't a fixed value ie always fluctuating in view of that convincing people to adopt and invest in it becomes difficult. How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?
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