Post
Topic
Board Bitcoin Discussion
Re: Bitcoin and Ponzi Schemes - People are confused.
by
Henrobakkara
on 15/03/2023, 17:19:40 UTC
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.