It's true that misinformation and negative propaganda surrounding Bitcoin has led to a lack of widespread adoption and investment in the asset. However, as more people become educated about Bitcoin and its potential for long-term growth, we may see a shift in attitudes towards it. makeWhile there are risks associated with any investment, the potential rewards of Bitcoin cannot be ignored.
The skepticism and doubt surrounding Bitcoin is not surprising given its disruptive nature and the traditional systems it threatens. However, history has shown that innovations and advances often face initial resistance before gaining acceptance. Yes, that's right I think it's important here to critically examine sources of information and not take negative narratives for granted without research like you mean. Only by challenging the prevailing notions can we move towards a more open-minded and informed society.
It's okay to be sceptical about BTC's nature but what is wrong is if you are sceptical after hearing those fake information about BTC but indeed it is no surprise since everywhere we go, there will always be haters. BTC doesn't threatens anything because it is unique.
It is digital while traditional fiat systems are offline. There are still other differences between them but I think I am not going to tackle them anymore. It's already in the nature of people to resist things and it's funny that they will regret later on. We have seen a lot of complaints like that here in Bitcoin. We need a society which are open-minded so that our lives can improve quickly.
I agree with these since, in our country, majority of those who are not fully aware with it are not only skeptical with it but also have their mind stamped on the idea that bitcoin or anything related to the cryptocurrency is nothing but a scam. But these are really due to the incidents of scam that uses the cryptocurrency platform thereby affecting the integrity of it and how the people viewed it. Also, those who do not really know that volatility is a nature of cryptos makes them view the pump and dump of cryptos to be overwhelming that they do not want to invest on it since they see more the potential losses rather than the great opportunity to earn with it. So, having effort to have knowledge on the cryptos and sharing it with others would help minimize the negative connotation related it. Also, we should always assess the news related to cryptos so that the real news will not be affected by the fake information as well as analyzing each news by looking through its sources so that only the useful information can be extracted to it to help the overall integrity of cryptocurrencies.
Yes.. it is true. Almost everything related to crypto is a scam.
Fuck crypto and fuck shitcoins.
We are talking about bitcoin here..
so if you are able to start out your discussion (and even your thinking and your framing of the matter) in terms of bitcoin, then likely there are some ways in which we might be able to consider some of the shitcoins, crypto and/or bitcoin adjacent projects in terms of not being scams..
but if you start out your discussion with some bullshit vague-ass terms.. such as talking about "crypto" then who the fuck is going to treat you seriously?
I would suggest that you rewrite your post and address the matter of bitcoin first before devolving into talk about those scams called shitcoins and/or vague terms such as "crypto" whatever the fuck that is? or whatever you had meant to say when using those kinds of terms? Now if you had meant to talk about bitcoin, then go ahead.. use the word bitcoin so that readers of this thread will know what you are talking about Twentyonepaylots.
In the country that I live, Bitcoin has a stigma of being a scam because our own government warn the public to not engage on Bitcoin investment due to a lot of scam involves it and the volatility is high. Most of the people here including the old professional don’t dare to touch it despite Bitcoin already has good price history.
Bitcoin is officially banned in my country(Bangladesh) like yours to the point where we can't talk about Bitcoin openly. If the government police force deals on Bitcoin or does any activity online, They identified and brought under the law and faces exemplary punishment. Money Laundering Act of 1972 was passed in Parliament in our country to prevent people from getting addicted to Bitcoin.
However, for the past few years, some politicians of our country have discussed the legitimacy of Bitcoin several times in the Parliament, but there is no positive response from the government. Our country's neighboring country India has legalized bitcoins by taxing them above 30% in parliament while my country is afraid to even research on bitcoins.
But the happy thing is that about 4M people in our country are indirectly familiar with Bitcoin and involved in Bitcoin investment and transactions. However, if there is a positive response from the government, people in our country will be able to spontaneously engage in Bitcoin transactions and use.
Now coming to the main point, my country is facing tough economic problems and especially due to inflation common people are afraid to save money in banks. In such a situation, the government has taken a tough precautionary decision on investing in bitcoins and the government has termed investing in all types of bitcoins as a tough risk. Such a situation people of my country are not trusting the banks but quietly they are deciding to invest in bitcoins and make long term holdings.
Wow.. Sometimes it is not easy in some locations, and it seems to me that it will be more and more likely when governments are so hostile to something like bitcoin, then more and more underground systems are going to be created and potentially even causing people to revolt (or rebel) against the kinds of informational and infrastructure controls that they are trying to achieve...
Even having high tax levels (of 30%) such as in India, is also likely going to push people towards more and more underground systems in terms of their bitcoin transactions and/or managing their holdings (to the extent that they can get and/or use bitcoin through peer to peer mechanisms rather than through KYC mechanisms).