Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin still a people's currency?
by
Youghoor
on 27/12/2019, 17:17:51 UTC
I've been discussing Bitcoin in a couple of forums, and I'm shocked by the vitriol and anti-Bitcoin passion that I'm finding. It seems that the mass media FUD has turned away the very people who could benefit most from Bitcoin. In contrast, Bitcoin is becoming stronger every day, and is moving towards becoming a store of wealth, and it seems to be moving into the ambit of the rich and the knowledgeable. I'm giving up on Bitcoin evangelism, and concentrating on fattening my wallet.

I thought that Bitcoin might become one of the currencies used by people when the fiat systems collapse, but I think this will only be a minor use. I believe that fiat cash will be used for a while, and silver coins could become a longer term solution. Of course it all depends on the cryptos that are introduced by the various governments, and whether there will be any trust in them.

This is very true. In my country, about 80% of the entire population have been fed with a FUD that Bitcoin is just an investment platform which has made some people lose a huge some of money. And this has been so because, scammers and fraudsters took advantage of the raise in the market value of bitcoin in 2017 to establish investment companies to lure people to invest in their so called bitcoin which will made them 30% profits within a month.  Due to this scam,  a lot of people in my country see bitcoin as  a scam.