Cryptocurrency industry is an industry like other industries that need caution from the players. It was yesterday, one of the members of a WhatsApp group i belong made series of comment, and in all his posts he said Bitcoin is a ponzi Schem, people doing btc are thieves.
Well, as a crypto expert (to an extent) i knew what has happened to him and i needed to educate him on what he should know about bitcon. I asked him what was his basis for this kind of derogatory comments, he said i should never mind, i later gathered that he gave his money to another person to invest in crypto and the person screwed him.
I tried to explain and educate him with the following;
1. How to invest in bitcoin.
2. the importance of trading or investing yourself.
3. why Holding and Timing are very important.
4. why it is scary to entrust your cash into someone.
5. Why knowledge is one of the most important tool you need in this industry.
He later admitted that he made a mistake.
If you were in my shoe, what would you've told a person that says bitcoin is a ponzi scheme created to scam people?
Firstly i think this person have no knowledge about what is bitcoin. But he knows or hear about that bitcoin is the most potential coin. For this reason he give his money to other for investing. But this person was a cheater. He get all the money. For this reason that person tell that bitcoin is a scam.
I will advise him to do research on bitcoin. And show him the Price chart of Bitcoin. Also told him that there is no chance to loss all the money. And finally told him that never trust any offer where they tell to give you 2x or 3x profit.