Topic: Awareness as the major force for Bitcoin adoption (Read 574 times)
Awareness is very much important because it brings to consciousness the knowledge of something already existing which bitcoin is not exempted. If the bitcoin awareness is strong and massive, the growth or increase in adoption would be very fast and spread round the globe. I believe there are still a million and one person's out there that are yet to hear and have knowledge about bitcoin and I would also say this, if emphasis should be placed in convincing the government of nation's to accepting bitcoin, I believe it would be very much easier because their citizens will quickly take advantage of the opportunity as their government approval means a yes to bitcoin legality in their various countries. This alone would speak for itself and making the adoption rate scale up very fast as a result of its legality in the various countries as the case may be.
It's mind-boggling to think about the number of people being born every day. If more people had knowledge about Bitcoin, it could lead to increased adoption and market growth.
We all play a part in spreading the word about Bitcoin. Through proper channels and good publicity, we can make people aware of its benefits and the potential downsides. Imagine if we educated our loved ones and those we meet every day about Bitcoin - more interested investors would join the market competition, benefiting HODLers like us.
We all play a part in spreading the word about Bitcoin. Through proper channels and good publicity, we can make people aware of its benefits and the potential downsides. Imagine if we educated our loved ones and those we meet every day about Bitcoin - more interested investors would join the market competition, benefiting HODLers like us.
The adoption of Bitcoin is gradually taking place because a lot of advertisement and publicity as you said has been done over the years irrespective of the fact that a lot of countries are to adopt bitcoin and other cryptocurrencies but I can attest that people are
Very much aware of Bitcoin. When promoting Bitcoin it is very important for you to inform them of the problems that will be sold in the society if Bitcoin is adopted instead of telling them what the start to gain because they can not gain nothing if they have no knowledge because Bitcoin investment is not like other investments where you invest $50 to gain $150 within a short time.
As more and more countries have been aware and start to adopt bitcoin, then it simply proves that more people have now become aware of it and that global adoption is taking its place gradually. Not to mention a lot of crypto influencers have been attacking bitcoin and hype their own shitcoins, so even in this way, people will become more aware of bitcoin existence. But my only hope is that they should also be aware more on its positive points and all its advantages and benefits rather than seeing it as being banned or restricted in one’s country.Very much aware of Bitcoin. When promoting Bitcoin it is very important for you to inform them of the problems that will be sold in the society if Bitcoin is adopted instead of telling them what the start to gain because they can not gain nothing if they have no knowledge because Bitcoin investment is not like other investments where you invest $50 to gain $150 within a short time.
Newbies are most vulnerable to the pieces of advice of such influencers who are paid to promote certain tokens and have a bad mouth about the cryptocurrencies that are actually the reason why these shitcoins have come to existence in the first place.
People have become accustomed these days to crypto talks, Web3, ChatGPT and other great innovations as long as electronics, newspapers, social media and other individuals still exist.
More than enough awareness had been and is still being created.
I think where the force is strongest now is as concerns testimonials and proof of work/result upon successful investment or trade.
The more proof of work or success stories are shown mostly within P2P groups, and close acquaintances who have interest or seek alternatives to their income, catch a break and delve in, no doubt about the adoption spreading further.
More than enough awareness had been and is still being created.
I think where the force is strongest now is as concerns testimonials and proof of work/result upon successful investment or trade.
The more proof of work or success stories are shown mostly within P2P groups, and close acquaintances who have interest or seek alternatives to their income, catch a break and delve in, no doubt about the adoption spreading further.
Our don't know how many people are investing in btc, and our don't know the data of people who are interested in investing in btc in this world.
but it is true that only awareness makes people invest in btc, because without awareness of course no one will want to invest in btc.
but I'm sure that one day people will slowly accept btc and finally invest in btc.
the point is that people in this world are all aware
that adopting btc is something that will provide benefits for sure many will adopt it, but of course we have to enjoy this life because in this world there are always pros and cons.
but it is true that only awareness makes people invest in btc, because without awareness of course no one will want to invest in btc.
but I'm sure that one day people will slowly accept btc and finally invest in btc.
the point is that people in this world are all aware
that adopting btc is something that will provide benefits for sure many will adopt it, but of course we have to enjoy this life because in this world there are always pros and cons.
I think everyone here has invested. in this case, Usually people will be interested in logging in if we have done so because there is proof of authentication, otherwise they will only get a negative response. Just see how the response from someone if he knows we like trading, questions that arise. How much profit did you earn today from trading? Well, here's a live example.
Yes. this is like teaching someone to learn to drive a car properly and correctly so that the passengers in it can be safe and comfortable while traveling. Likewise in terms of investment education about how to invest with BTC that is good and right with the hope that if you have a family everyone can benefit from what is there.
Yes. this is like teaching someone to learn to drive a car properly and correctly so that the passengers in it can be safe and comfortable while traveling. Likewise in terms of investment education about how to invest with BTC that is good and right with the hope that if you have a family everyone can benefit from what is there.
But the question is how big and reputable companies will accept bitcoin as a currency when they are also subject to government control. i think being able to help people have full knowledge of bitcoin requires government intervention, otherwise, it is very difficult. By far, the government is arguably the biggest barrier to bitcoin's popularity.
In my locality, most people in the area have heard of bitcoin, including the elders. but they don't use and invest in bitcoin because of ignorance and fear of the government, so I think only with government support will we see the popularity of bitcoin.
Well, big companies might not be subject to government control but they can't just start doing things that are not legal in the jurisdiction where they are operating. So if there is a big company in China, even if it wants to start accepting Bitcoin, if cryptocurrencies are banned there, they simply can't go ahead with it until or unless the government lifts the ban.In my locality, most people in the area have heard of bitcoin, including the elders. but they don't use and invest in bitcoin because of ignorance and fear of the government, so I think only with government support will we see the popularity of bitcoin.
Big companies are still subject to regulations, they may bribe corrupt officials but eventually, when righteous officials take over, they will be controlled under the law and regulation. AS long as cryptocurrency is banned in china, no matter how much likings these big company is to establish Bitcoin start-up, they still need to follow the regulation and they might be forced to move out of Chinese regulation and start their Bitcoin startup in other country where Bitcoin is acceptable.
And governments don't really like the concept of cryptocurrencies, at least Bitcoin's, because it is decentralized and they can't have control over its network and be able to manipulate transactions, block them, delay them, seize funds, etc.
The one that government does not really like is anonymity and not decentralization. As you see some governments are accepting Bitcoin because of its transparent transaction and not being fully anonymous. This is another reason why the government is hesitant about privacy coins like Monero.
Adoption of Bitcoin starts with you and me and this is done by good publicity through appropriate channels making people to know what they tend to benefit as the market bum as well as the negative impact during the down- trend.
The adoption of Bitcoin is gradually taking place because a lot of advertisement and publicity as you said has been done over the years irrespective of the fact that a lot of countries are to adopt bitcoin and other cryptocurrencies but I can attest that people are
Very much aware of Bitcoin. When promoting Bitcoin it is very important for you to inform them of the problems that will be sold in the society if Bitcoin is adopted instead of telling them what the start to gain because they can not gain nothing if they have no knowledge because Bitcoin investment is not like other investments where you invest $50 to gain $150 within a short time.
Statistically 385,000 persons are born into different families across the globe, that's to say 385,000 offsprings come into this world everyday, just imagine all of this individuals having knowledge of Bitcoin.
The question becomes after acquiring the knowledge about this powerful digital currency (Bitcoin) by this group of people how many of them will purchase or invest later in other to keep it running to get attraction of more interested fellows.
Adoption of Bitcoin starts with you and me and this is done by good publicity through appropriate channels making people to know what they tend to benefit as the market bum as well as the negative impact during the down- trend.
That's some statistics although, its not always accurate but, having over 385,000 offspring is something that just might not happen. There would be issues of still birth, soke offsprings are not going to grow to adulthood and some would be disabled. All these are out on it.The question becomes after acquiring the knowledge about this powerful digital currency (Bitcoin) by this group of people how many of them will purchase or invest later in other to keep it running to get attraction of more interested fellows.
Adoption of Bitcoin starts with you and me and this is done by good publicity through appropriate channels making people to know what they tend to benefit as the market bum as well as the negative impact during the down- trend.
There would be those that would be naturally uninterested as they would view it to be unreal and only a handful of others would see reasons to take up cryptocurrency investments.
These would take some time to come through as, you don't birth today and expect them to grow to adulthood in a day. Even at that, there would be other that just won't have the resources to invest. There are so many things to look out for but still, bitcoin can't really be a thing that most people would dive into.
In many countries today still do not accept bitcoin even some countries completely ban this currency. So it is understandable that many people do not know about bitcoin. But that does not affect the huge impact that bitcoin brings. There are still a lot of people in the world who are learning about this currency day by day and openly accepting and using it in transactions. This is good news, so we need to raise their education about bitcoin and spread its presence. Despite changing eyes and tough challenges, the continued growth and awareness of bitcoin will be positive signs for its future.
In 2017 when I was introduced to this forum and Bitcoin, awareness about bitcoin wasn't that much but after the ATH that we have then, bitcoin publicity was on a high note. Today not in all states but I know Bitcoin is a household name in my country, though they might not invest yet they have heard of it at a particular place and time.
But the question is how big and reputable companies will accept bitcoin as a currency when they are also subject to government control. i think being able to help people have full knowledge of bitcoin requires government intervention, otherwise, it is very difficult. By far, the government is arguably the biggest barrier to bitcoin's popularity.
In my locality, most people in the area have heard of bitcoin, including the elders. but they don't use and invest in bitcoin because of ignorance and fear of the government, so I think only with government support will we see the popularity of bitcoin.
Well, big companies might not be subject to government control but they can't just start doing things that are not legal in the jurisdiction where they are operating. So if there is a big company in China, even if it wants to start accepting Bitcoin, if cryptocurrencies are banned there, they simply can't go ahead with it until or unless the government lifts the ban.In my locality, most people in the area have heard of bitcoin, including the elders. but they don't use and invest in bitcoin because of ignorance and fear of the government, so I think only with government support will we see the popularity of bitcoin.
And governments don't really like the concept of cryptocurrencies, at least Bitcoin's, because it is decentralized and they can't have control over its network and be able to manipulate transactions, block them, delay them, seize funds, etc.
That is the question, I asked my self early now about Bitcoin, and the world are just know about Bitcoin, because is going vary day by day, because Bitcoin has specific number created and few holder's has die, some people lost device or private key, and just imagine the number of people in the world start investing Bitcoin, what we happened, in other words Bitcoin just started the journey. Buy and hold for a long term,
Yes. this is like teaching someone to learn to drive a car properly and correctly so that the passengers in it can be safe and comfortable while traveling. Likewise in terms of investment education about how to invest with BTC properly and correctly with the hope that if you have a family, everyone can benefit from what we have invested.
Usually people will be interested in logging in if we have done it because there is proof of authentication, otherwise they will only get a negative response. Just see how the response from someone if he knows we like trading, questions that arise. How much profit did you earn today from trading? here is a direct example of us who have entered and invested.
Usually people will be interested in logging in if we have done it because there is proof of authentication, otherwise they will only get a negative response. Just see how the response from someone if he knows we like trading, questions that arise. How much profit did you earn today from trading? here is a direct example of us who have entered and invested.
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If you go through the region having more and more number of cryptocurrency accepted stores and other service providers in exchange for bitcoin and cryptocurrency we can experience how high the people are aware of bitcoin and this is simply
But in reality, only some governments can fully accept Bitcoin at the moment. If you go through the region having more and more number of cryptocurrency accepted stores and other service providers in exchange for bitcoin and cryptocurrency we can experience how high the people are aware of bitcoin and this is simply
Those that initially accepted Bitcoin are now starting to remove it from their list of payment options due to changing regulations.
In my country, Bitcoin can only be traded as an investment, it cannot be used as a means of payment in place of fiat.
This makes adoption unlikely to grow.
Awareness for Bitcoin adoption has started to grow, but regulations will oppose it because they don't have full control.
Even now, the implementation of the new crypto asset voter tax regulations is very strict.
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By far, the government is arguably the biggest barrier to bitcoin's popularity.
In my locality, most people in the area have heard of bitcoin, including the elders. but they don't use and invest in bitcoin because of ignorance and fear of the government, so I think only with government support will we see the popularity of bitcoin.
Governments are the biggest barrier , they won't just let Bitcoin go without giving them an advantage. By far, the government is arguably the biggest barrier to bitcoin's popularity.
In my locality, most people in the area have heard of bitcoin, including the elders. but they don't use and invest in bitcoin because of ignorance and fear of the government, so I think only with government support will we see the popularity of bitcoin.
There will be no escaping it. New regulations will always be made.
As long as Bitcoin is decentralized the government will not be able to fully regulate it.
Some local exchanges are also subject to government regulations, otherwise their business license will be revoked and they will be shut down.
In reality a lot of people are still not aware on how to invest in bitcoin, most probably they heard it but still they do not know how to use and invest with. It is hard to educate people about Bitcoin if they are not interested in crypto currencies. But if someone shows how interested they are you can share insights by educating them on the benefits of bitcoin. You can discuss how it can provide greater financial freedom, security and privacy compared to traditional forms of currency. Highlighting the increasing number of businesses that accepts bitcoin as a form of payment it can help raise awareness and encourage adoption. But of course it is up to the people if they want to know more about bitcoin. We cannot force them if they do not want to.
I believe that majority of people have already heard about bitcoin but only few have become interested to learn and increase their knowledge. So I can say that a lot are aware of it already, it’s just that they stick to believe that bitcoin is illegal and is never good to the government and to the people. That’s why most of them have turn their backs into bitcoin. However, it will still be changed if most of the big and reputable companies will start to adopt and accept bitcoin as a currency. Also, releasing ads and promotions about bitcoin online could still be helpful especially for those who have been eyeing for bitcoin as a potential investment.But the question is how big and reputable companies will accept bitcoin as a currency when they are also subject to government control. i think being able to help people have full knowledge of bitcoin requires government intervention, otherwise, it is very difficult. By far, the government is arguably the biggest barrier to bitcoin's popularity.
In my locality, most people in the area have heard of bitcoin, including the elders. but they don't use and invest in bitcoin because of ignorance and fear of the government, so I think only with government support will we see the popularity of bitcoin.
Even the tech driven people doesn't know about the existence and the successful functioning of bitcoin. This means one in hundred is aware of bitcoin and other cryptocurrencies. More the awareness more will be the usage, because bitcoin and cryptocurrencies weren't the same as we use fiat. Cryptocurrency need to be used based on trust. So, initially there'll be hesitation and people should be trained enough to overcome it.
If you go through the region having more and more number of cryptocurrency accepted stores and other service providers in exchange for bitcoin and cryptocurrency we can experience how high the people are aware of bitcoin and this is simply
If you go through the region having more and more number of cryptocurrency accepted stores and other service providers in exchange for bitcoin and cryptocurrency we can experience how high the people are aware of bitcoin and this is simply
In reality a lot of people are still not aware on how to invest in bitcoin, most probably they heard it but still they do not know how to use and invest with. It is hard to educate people about Bitcoin if they are not interested in crypto currencies. But if someone shows how interested they are you can share insights by educating them on the benefits of bitcoin. You can discuss how it can provide greater financial freedom, security and privacy compared to traditional forms of currency. Highlighting the increasing number of businesses that accepts bitcoin as a form of payment it can help raise awareness and encourage adoption. But of course it is up to the people if they want to know more about bitcoin. We cannot force them if they do not want to.
I believe that majority of people have already heard about bitcoin but only few have become interested to learn and increase their knowledge. So I can say that a lot are aware of it already, it’s just that they stick to believe that bitcoin is illegal and is never good to the government and to the people. That’s why most of them have turn their backs into bitcoin. However, it will still be changed if most of the big and reputable companies will start to adopt and accept bitcoin as a currency. Also, releasing ads and promotions about bitcoin online could still be helpful especially for those who have been eyeing for bitcoin as a potential investment. 
Adoption of Bitcoin starts with you and me and this is done by good publicity through appropriate channels making people to know what they tend to benefit as the market bum as well as the negative impact during the down- trend.
The adoption of Bitcoin is gradually taking place because a lot of advertisement and publicity as you said has been done over the years irrespective of the fact that a lot of countries are to adopt bitcoin and other cryptocurrencies but I can attest that people are
Very much aware of Bitcoin. When promoting Bitcoin it is very important for you to inform them of the problems that will be sold in the society if Bitcoin is adopted instead of telling them what the start to gain because they can not gain nothing if they have no knowledge because Bitcoin investment is not like other investments where you invest $50 to gain $150 within a short time.
Bitcoin looks very unreal to non bitcoiners because of lack of publicity and awareness, just imagine educating your siblings, your children, parents and people you come across everyday about Bitcoin their would have been more interested investors than we have now, this would have enable Bitcoin to rise because of the market competition and HODL will benefit more in this kind of situation.
It's not as easy as you say, you can educate as many people as you want you want but Bitcoin adoption get more attention when the government becomes less hostile to the currency and give a go ahead to approve the use of the currency in their countries. We can't push for adoption of Bitcoin if the government makes it illegal in the country it becomes a crime when you make use of it.
If the problem was that, we're not getting enough adoption because people don't know about Bitcoin then educating then would had been the solution but now it's because the government aren't approving the adoption that's why we're getting less people making use of Bitcoin.
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