Saw this upsetting comment on a financial depression prepping video…too many people still have misconceptions about Bitcoin

“Cryptocurrencies are the stupidest thing ever. No thanks, I’ll trust my wealth to something I can protect with a gun. Some 0s and 1s in the database somewhere on the other side of the world that can disappear without me being able to do anything about it is not my idea of prepping. Giving someone else control of what is yours is just stupid.”

This comment had tons of likes and other comments agreeing it was a scam. I commented that he clearly had misunderstandings, but I wasn’t sure if it was worth my time to explain. (

View Reddit by bj2183View Source


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  1. We have a lot of newcomers entering the Bitcoin space recently who are exploring different exchanges and such. Some users are developing a habit of asking if various random websites some complete stranger PM’d them is a scam or not. Sometimes these sites are completely unrelated to Bitcoin. This is not the purpose of r/Bitcoin.

    * Do not trust unsolicited messages telling you to check out some shady website.
    * Do not trust Discord randos telling you that you won a prize.
    * Do not trust anyone who promises guaranteed profits.
    * Do not trust website with unpronounceable domain names
    * Do not trust anyone claiming to give away free Bitcoin. (YouTube, Twitter, Discord)
    * Do not trust anyone claiming they will double however much Bitcoin you send them.
    * Do not trust ‘pretty girls’ on Tinder telling you about new investment opportunities.
    * **If you have to ask** if some sketchy website or special offer is a scam, **then it probably is.**

    You have to learn to think for yourselves. Recognize that there are many tricksters out there who will go to great lengths to separate you from your Bitcoin. Use your head and stay safe. If you send your Bitcoin to a scammer, it’s gone forever. There are no refunds!

    *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Bitcoin) if you have any questions or concerns.*

  2. You have to understand their view.

    They prepare for a collapse, that probably means most now available stuff won’t be, that easy, available any more.

    That includes, normal medical service, groceries that are properly stocked, a police force that will come to help if you call them, electricity, the internet, etc etc.

    In that context they prefer something tangible and that makes in that scenario perfect sense.



What do you think?

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