Re: Caution Newbies Bitcoin is BTC

Yesterday i came across an unfortunate incident and i never thought people will be so dump here Sad

We are having a PSL season 8 (a very popular cricket tournament where local and International players play the game) and it is being broadcast over the national sports channel locally and also worldwide.

One of my friend told me that he has heard about bitcoin as it is being advertised in that tournament and he asked me if he should buy Bitcoin as it was advertised in PSL ?

I was shocked as I never saw a bitcoin advertisement on national TV but later the whole story fold up.

Actually, they were advertising the Bficoin BFIC coin to which my friend thought that it was bitcoin. Sad

I told him that this is not real bitcoin but he insisted that I was wrong. I told him that bitcoin has 21 million supply and he told that this coin also had the same supply https://www.coingecko.com/en/coins/bficoin Sad

The difference between both coins are clear, both in spelling and price value, of which even a new born baby can testify to that. Because since Bitcoin is a very popular project, the developers of this coin "bficoin" must have used a similar name, so as to lure people into investing in their coin, and at such campaign through football sponsorship, hence, making ignorant newbies believe it's the true Bitcoin, whereas, it's just a shitcoin.

However, I'm happy you were there to enlighten your friend on the difference between both coins, because just as the price value of "bficoin" is currently $18.5, the current price of Bitcoin is $21,488

True, even a simple read up and using up your own common sense could be able to tell on whats the main difference and you wouldn't really be that blind nor really that dumb on not to notice it out. Grin

If you are a noob which did really make out some mistake then for sure on next time you would really be that aware because we know that experience is the best teacher and out of those errors and mistakes
are the things which would really make you that learn.Its not necessary for you to commit out some mistakes which you could eventually be able to avoid if you are really that
reading up others experiences.

But for newbie who doesn't have knowledgeable person beside them this new information to read is kinda bit confusing especially when searching it up on media platform for sure they will lead to hyip or many ponzi schemes which offer to good to be true returns if they invest using bitcoins.

But if they know how to digest the learnings thru their experiences maybe they can learn a lot from those things.