Quote from: Lorence.xD on Today at 04:39:54 PM

Quote from: KiaKia on Today at 04:03:19 PM

You are absolutely correct but let's not forget that what people are saying on the social media also have other hurtful agenda, if we can use social media to spread news about how wonderful Bitcoin investment can be, then we can also use this same social media to lure people into money traps and steal from them.

Instead of doing your own research on anything you decide to listen to people and make decision on what you are been told, it's the same way the media is brainwashing the masses, it's the same way religions are use to put millions of people in sleeping state where they don't know what's going on and yet same religion is the cause of major wars happening in the world since years ago.

The best advice I can give anyone is never make investment decisions based on what you are been told, learn to do your own research on your own, and remember that it's easier for bad actors to teach, they are doing it because it's favoring them one way or the other.

It's possible that they plan to use you.

Exactly, social media could be a good thing to spread news worldwide for everyone to get information. But it doesn't mean it would only aim for the good thing, of course there would be a negative effects as you've mentioned like scams. Plus if we could look into the new generation nowadays where they are already connected to media, I have observed their behavior which most of them are from the social media, it influence them to do things despite the age. It's the same way from the Bitcoin, if you're gonna follow something online despite the there's no fact check and having a background check then probably you could get scam. Good thing to do in situation like this is to invest to yourself with knowledge, we're knowledgeable enough to differentiate fake information by just the sources.

Social media has no direct responsibility of those scam instances but bad people's intention. Ofcourse it would be hard to determine which one but social media is jist a platform. Messages or contents running through it depends on who creates it and who reads or absorbs it. Scams would remain accusation until it really happened. Generalization and stereotype on the other hand are things which are not tolerated in any field of investment. If Social media is being used to take advantage of those who are naive of this industry, then people should be the one to make an adjustment. Indeed if one is equipped with knowledge, no matter what platform that is unfortunate events of such won't have any room to take place.