Topic: Wrong perspective towards Bitcoin investment - page 6. (Read 936 times)

Yeah, those kinds of experiences are just exactly the things that made most people have misconceptions about Bitcoin. In my country, if you ask some people who have not invested in Bitcoin the reason for their decision, they will come up with different stories that actually made them decide not to invest in Bitcoin. In some cases, it was actually the fault of some of them because they took the wrong steps while just starting their crypto journey.

As a matter of fact, that's not just the case here; some people fall victim to some shitcoin projects, and they totally made a decision not to interact with crypto ever again, so even if you try to talk to them as Bitcoin, they believe it's just the same thing as the altcoin that scammed them.

Some people feel that Bitcoin is used by scammers, probably because some scammers on the internet have asked them to invest in Bitcoin with the promise of a heavy reward.

Every crypto enthusiast, mostly newbies, should be very mindful of how they invest their money in the space. Every piece of information they get should be verified first before going ahead with it.

It sounded like a cloud mining scam. How come you didn't tell him Bitcoin mining websites are scams?  Maybe try telling him there are tons of scams in crypto.
Upon sending $10 worth of BTC, you shoulder the withdrawal fee?

Well. People who are victims of a scam would be the most cautious person and will not easily be convinced anymore about the kind of investment. Although you may feel obligated to tell them to invest once again, he may just be safer to be investing in Gold.

You could be right about your assumption  and this could be as a result of the newbies aiming on profits alone and not inquiring to know also if there's a risk part too as there is a profit part. Without questioning the introducer might assume that you ought to know that there should be risk in any thing called investment be it digital (online) or physical form of investment. I hate to say this but truth be told many newbies that are just coming in now are taking it as a burden to learn all they mostly care about is profit making and that's why they easily fall for any investment returns scam that promises quick profits even when the return sounds too outrageous to believe they still fall in out of greed and ignorance.

First, to sum everything up, I will say you made a mistake with the guy you met. You made a mistake by not educating him; there is nothing like bitcoin minning online anywhere. Those sites that advertise things like that are just scammers who want to scam those who don't know their left and right in crypto.
 
You should have educated him more than just given him a few dollars, and how sure are you that he is not going to fall into the wrong hands again and that he will end up giving the $10 to another scammer?
 
Given his vital information and how to avoid all of this, it is more important than the money you think you gave to him to uplift his spirit back with bitcoin, and how many more people who have been scammed are you going to give little from your holdings?

Doing this is as if you are buying him back into the network. You should have shown him right away to go. I saw no single moral in this your story, that's if they are actually not just fiction.

Depends on the enthusiasts or people who shares knowledge about it (how will they deliver the message) and also audiences (ones who will receive). Most of the time, once non-crypto investors heard about profit, they will have high hopes instantly without considering the risks involved. On the other hand, enthusiasts are sometimes biased of the information they are sharing probably because they have another motive with their action on why did they share it in the first place.Some sort of misunderstanding results to negative experience and eventually bad impression towards this industry. What's unfortunate is generalization. On the mentioned story, a guy was scammed by a Bitcoin mining website however he puts the blame to this industry in general. This is the risk of sharing; if you are aiming for a better future for this industry then it just makes sense to do so, however we should at least choose the people whom we will share things with. Be sure to know them whether they would be able to handle the risk present from this investment or not. Assess for yourself already and avoid too optimistic approach that will catch most of their attention. In reality, we all know it is not always a sunny day on our crypto investments.

Of course it is usually common to come across people who dislike crypto. overtime, I have come to notice that most people who dislike crypto are as a result of scam or hack related issues.
This is because many of these people may have tried making investments in the past and got either hacked or scammed especially because of their low understanding of the cryptocurrency concept at that time.
Many persons dive into making crypto investments without sitting back to take their time to understand the risks and concept.

Alot of crypto haters have their hate coming as a result of their losses from especially altcoins. Which possibly dipped after they tried to invest.

And finally op, sending a Bitcoin hater BTC doesn't change anything.from the image you provided, you sent the person USDT which is an altcoin. So you actually didn't promote Bitcoin here but rather altcoin.

How can we be so sure that you are telling the truth and that this is not self made up story?

If someone is not careful of scammers, crypto scammer are easy to locate someone. When I was new to crypto, I saw many cloud mining services but users on this forum helped me to know that they are scammers.

In crypto, it is good to be careful and avoid scam.

The issue of getting rich quick isn't something that many adopters take seriously, as they've come to believe it is the only way to make a quick profit. It still saddens me to see that some adopters in our community have taken the wrong step towards Bitcoin investment.

I recently stumbled upon a guy few days back who happens to be a anti-bitcoinist. He showed his frustration and condemned Bitcoin in a way that got my attention. I was eager to know why someone would have hatred for a life changing opportunity like Bitcoin, so I had to ask.

From his reply, he said he came across a Bitcoin mining website that was shared via a YouTube video. The mining site mines Bitcoin in small quantities, which he decided to buy some mining power to accumulate faster. He successfully purchased one of the mining power worth $80, but the site eventually shut down a week later without allowing any withdrawals.

His reply got me laughing because I quickly pointed out two things from what he said:
1. He was eager to get quick profit from an $80 investment but ended up getting scammed.
2. During my early days in crypto, I often came across these demo-like websites and have also fallen victim.

It was very clear to me that some ethusiast who promote Bitcoin don't talk about the risk part of it, while those who adopt Bitcoin on their own don't learn about the risk part of it.

I couldn't just leave him hanging with that mentality towards Bitcoin. I showed him some love by converting $10 worth of Bitcoin from my personal funds, sending it to him, and also sent him the BTT link so he can learn from a large Bitcoin community. I have done my part, and I repeat: there is no such thing as getting rich quick. I am glad he has joined the community, but wouldn't want to be mentioned.

Thanks for reading, and do well to share your opinion.