Quote from: Henrobakkara on March 15, 2023, 05:19:40 PM

Quote from: Rruchi man on March 09, 2023, 01:49:36 PM

Quote from: Kakmakr on March 09, 2023, 05:38:57 AM

These Ponzi schemes collapsed and according to him ....many people lost money in Bitcoin. They have a WhatsApp group for the program and I immediately corrected that statement, because people did not lose money in Bitcoin.... they lost money in a Ponzi scheme that used Bitcoin as a payment option.

Misinformation has caused a lot of persons to not invest and be committed to investing in bitcoins, It is their loss because that misinformation will lead to regret if not corrected. I lost some money too to a Ponzi scheme that used bitcoins, and that was my very first exposure to bitcoins. It was not a pleasant period, but because I knew that since there were other Ponzi schemes during that time too that were not using bitcoins, I knew that It was not bitcoins to be blamed, but the Ponzi-scheme itself. Misinformation is even sometimes more better than no information, Instead of accepting wrong information, choose to remain uninformed. There is a lot of information flying around, For whatever information that you need that comes to you, it is your duty to verify.

Likewise. I have had a similar incident of losing Bitcoin to a Ponzi scheme very early on, in fact, that was my introduction to Bitcoin because my colleague then introduced me to this very Ponzi scheme and didn't know that we were both going to lose. Then we were to pay for a service with Bitcoin which he told me and we did as I said, my introduction to Bitcoin but that didn't stop me from investing afterward when I really got to understand Bitcoin. I also believe aside from misinformation, personal belief too matters.

What you just explained is where the main problem came from, people were swindled and are still being swindled with their hard-earned money using Bitcoin as a payment system. This is now more lucrative because of the privacy and anonymity that could be achieved through the coin.

But it's high time people know that Bitcoin is not any scheme, not a program that promises money in return, but a payment system and an asset.

Anyone who invested money in pyramid schemes in the name of Bitcoin is at the risk of losing their money.