Post
Topic
Board Bitcoin Discussion
Re: Why most people think Bitcoin is a scam?
by
minersday
on 08/08/2020, 13:36:24 UTC
Even though Bitcoin is 11 years old, many people don't understand Bitcoin, so many people (not users) think of Bitcoin as:
1. Ponzi schemes
2. BTC is a speculation bubble
3. Bitcoin exchanges are often Hacked
4. There is an assumption that BTC is too complicated to use
5. Bitcoin is not transparent and anonymous
6, Bitcoin facilitates money laundering.
7. Bitcoin is nothing more than a store of value and commodities
     not as a medium of exchange.

So I think it is very important for us to introduce Bitcoin to people around us, either via Whatsapp or live chat.

Personally, I don't really blame people who thinks Bitcoin is a ponzi scheme, a bubble and all sort of negative things about Bitcoin. The media is the primary source of this negativity about Bitcoin and the entire crypto space.  The media is always preaching negativity about Bitcoin without educating the entire world about the solutions Bitcoin and blockchain brings to the financial ecosystem. The media is the one enemy of Bitcoin and cryptocurrency.