Topic: Awareness as the major force for Bitcoin adoption - page 2. (Read 574 times)
Bitcoin's rise depends on our collective efforts to educate and inspire others. Let's be the pioneers who ignite the spark of curiosity and fuel the adoption flame.
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.
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.
Indeed bitcoin awareness plays a vital role in its adoption. Even in awareness about bitcoin, we should know that there are two categories of people that I have seen. The first group are those who are curious about bitcoin. They may be professionals or business people and they want to know more about bitcoin and whether they should add it to their investment portfolio. The second category of people are the regular people who are willing and immediately ready to invest in bitcoin because they have seen how much their friends and colleagues speak about it.
The only motivating factor for people to invest is profit. As long as they know they can get profit from the investment, they won't hesitate to put their money in that venture. It is expected that if we keep on telling people about the opportunity and the possible profit they get from investing in Bitcoin, there will be surely new investors created every day. If they don't see a profit on the topic we are sharing, they will never get interested to invest in Bitcoin. Like when we shared Bitcoin and discuss the technicalities of it, I doubt there will be interest to invest.
So it all goes down to how well we are in informing people about the benefits and profits if they participate in Bitcoin.
I remember telling someone about bitcoin and the question the individual asked was, what would be his profit at the end of every month should they invest $1000 into bitcoin. They told me they have that money to spare but do not have the time to learn about it. That they would give me the $1000 to invest in bitcoin but what is the turn over at the end of each month. No other aspect of bitcoin interested them. I left them because even though they are interested in investing in bitcoin they, already started with the wrong mindset about it and where unwilling to change their minds. The don't even want to hear about HODLing for them money shouldn't be sitting idle. So it all goes down to how well we are in informing people about the benefits and profits if they participate in Bitcoin.
I think what will make people mentally adopt bitcoin is the awareness, of wanting to invest in btc. while physically must have money and other tools such as mobile phones, computers and others.
so in my opinion the biggest factor people don't want to invest in btc is mostly due to weak economic factors, because if the economic factor is weak, of course people will only be concerned with living expenses such as buying rice, bread and so.
so I think the main factors that make people adopt btc are awareness and a lot of money.
so in my opinion the biggest factor people don't want to invest in btc is mostly due to weak economic factors, because if the economic factor is weak, of course people will only be concerned with living expenses such as buying rice, bread and so.
so I think the main factors that make people adopt btc are awareness and a lot of money.
for now it can still be said that very few people know about bitcoin because there is rarely news on television or newspapers that contains news about bitcoin
but even if someone knows about bitcoin but there are still many who reject it on the grounds that they are afraid of being deceived and so on.
so i agree with your point that awareness is what will make people adopt bitcoin
but I'm sure that one day many people will adopt bitcoin because what I know is that bitcoin enthusiasts are increasing.
but even if someone knows about bitcoin but there are still many who reject it on the grounds that they are afraid of being deceived and so on.
so i agree with your point that awareness is what will make people adopt bitcoin
but I'm sure that one day many people will adopt bitcoin because what I know is that bitcoin enthusiasts are increasing.
Most of the world's population has no idea about Bitcoin. Among those who know Bitcoin, the number of those who invest and use it is small. These numbers will increase over time, but it may take a very long time to reach the desired level. These numbers may seem a lot to us because our environment is composed of people like us, but fewer people know and use bitcoin than we think. However, I see from my environment that there is a great increase compared to the past. In this way, it will continue to increase. We must attract those around us to the bitcoin world and inform them as much as we can. By doing so, bitcoin can touch all of humanity.
Educating people about BTC is difficult because the discussion usually ends up in their desire to get wealth from it
You can't really blame them for that since that's how the people who introduced them to bitcoin or what they've heard about it as a means of wealth generation are portraying it to them.People will find it extremely challenging to shift their attitudes toward bitcoin. The only components of bitcoin that are genuinely discussed are how to invest, hodl and profit. When the money is not made as anticipated, people start spewing nonsense about how they put a large sum of money in bitcoin and are yet to have enough profits out of it.
However, given that people are interested in bitcoin for its potential to increase wealth, we shouldn't stop there. We should only impart to them what is necessary, such as the fact that bitcoin does not create riches. They should invest at their own risk
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.
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.
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.
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.
Awareness surely is the thing in the adoption of cryptocurrencies. And, in general, the more people get knowledge about crypto, the more business initiatives start working directly with crypto without BTC to $ transfers. This is the chance (weak but however existing) for people to have financial stability in case of dollar (or other fiat) inflation.
A significant portion of the global population remains unaware of Bitcoin, and there is currently no precise data available on the percentage of people who are familiar with it. While only a few countries recognize Bitcoin as legal tender, it becomes challenging to raise awareness in other countries where Bitcoin is not accepted due to various restrictions. Nonetheless, those of us who are familiar with Bitcoin can still promote awareness by sharing information with our family and close friends, even in situations where the government does not accept it.
Precisely because of that, there is still a prohibition or restriction in accessing Bitcoin in other countries, some of us prefer to hide the ownership of Bitcoin that we have, both from friends or closest people like family, to maintain the security of their assets.I am a person who agrees when other people introduce Bitcoin to their families and their environment, but I personally better be quiet and hold my bitcoin safely. Bitcoin that I have seems to be a part of me and is one of the privacy of myself even though in my country Bitcoin has been legitimate in its trade.
Maybe I will invite others when I already have a decent advantage from Bitcoin, because to be honest when my life hasn't changed, those I introduce to Bitcoin and invite them to invest in bictoin, of course they laugh at me if my economic situation is still stagnant, then from I better keep quiet first and invite them after I get changes.
I can understand why a lot still has hesitations in introducing bitcoin even to their closed families.
They don't want to be judged according to what they have in this market aside from the privacy they want to keep.
It would take time for them to let others know what he's into because of some personal considerations.
In any case, we can't expect anyone who is into crypto to be open about his crypto dealings because of the stigma surrounding it.
The adoption usually comes from the social media, attracting the interests of newcomers. However, there are many misconceptions they can formulate within them.
Only the actual experience can teach them how it is being in this market, and the see the reality about this technology.
For my country among the youth and teenagers, I think the publicity is enough for us to be ranked 2nd. Whenever I see this subject, it bothers me because we take Bitcoin as food, not everybody has eaten 3 Square Meal for them to be taught about Bitcoin, majorly I take Bitcoin as an investment on a long-term basis anybody who doesn't have this same view can't even introduce you to it. Awareness is good bitcoin only if the utility is met.
A significant portion of the global population remains unaware of Bitcoin, and there is currently no precise data available on the percentage of people who are familiar with it. While only a few countries recognize Bitcoin as legal tender, it becomes challenging to raise awareness in other countries where Bitcoin is not accepted due to various restrictions. Nonetheless, those of us who are familiar with Bitcoin can still promote awareness by sharing information with our family and close friends, even in situations where the government does not accept it.
Precisely because of that, there is still a prohibition or restriction in accessing Bitcoin in other countries, some of us prefer to hide the ownership of Bitcoin that we have, both from friends or closest people like family, to maintain the security of their assets.I am a person who agrees when other people introduce Bitcoin to their families and their environment, but I personally better be quiet and hold my bitcoin safely. Bitcoin that I have seems to be a part of me and is one of the privacy of myself even though in my country Bitcoin has been legitimate in its trade.
Maybe I will invite others when I already have a decent advantage from Bitcoin, because to be honest when my life hasn't changed, those I introduce to Bitcoin and invite them to invest in bictoin, of course they laugh at me if my economic situation is still stagnant, then from I better keep quiet first and invite them after I get changes.
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.
The only motivating factor for people to invest is profit. As long as they know they can get profit from the investment, they won't hesitate to put their money in that venture. It is expected that if we keep on telling people about the opportunity and the possible profit they get from investing in Bitcoin, there will be surely new investors created every day. If they don't see a profit on the topic we are sharing, they will never get interested to invest in Bitcoin. Like when we shared Bitcoin and discuss the technicalities of it, I doubt there will be interest to invest.
So it all goes down to how well we are in informing people about the benefits and profits if they participate in Bitcoin.
I don't think you need to do it as great as that, we will find a surge in adoption when the market is bullish and bitcoin will print new ATH or bitcoin really print a new ATH, it will cause a surge of adoption, if seen now it is quite quiet and only a few people are consistent Investing in Bitcoin because the market conditions are boring and there is no significant movement, so that maybe among Bitcoiners just silent because the price is still below, usually they tell stories when Bitcoin gets the best price, and makes people become interested in investing in Bitcoin.
If I am too hard to motivate others to invite investing and connect it with profits, it will only make us considered fraudsters because Bitcoin runs stagnant in this phase.
I wouldn't disagree with the fact that everything in the world has pros and cons and Bitcoin is no exception.
Do you think I will be very happy if Bitcoin stays like that? Absolutely no! I too want Bitcoin to back to normal sooner than later. But with all these nonsense ordinals are making the network unusable.
No one is happy when fees are rising, and congestion is happening on the bitcoin network. But it happened, and we need to accept the problem and find the solution to the problem, not complain. So at this point, Bitcoin seems like an investment more than a currency system.
I suspect even if bitcoin has cheaper transaction fees like when we use LN, I don't believe it will ever become a monetary system. The problem is not with bitcoin, but with us, because we want it as an investment to make a profit, no one wants to use it as currency.Bitcoin network honestly needs an overhaul. not via the sidechain but in the main chain. Probably block size increase is one of the long term solutions devs can bring in. But it's ongoing since a long time and nothing has happened till date.
I also heard about it years ago, but it hasn't happened yet as the bitcoin network has been considered stable for many years. But through this incident, I think the problem is more present, it is more likely that the developers will accelerate the block expansion to fix the problem completely. 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.
The only motivating factor for people to invest is profit. As long as they know they can get profit from the investment, they won't hesitate to put their money in that venture. It is expected that if we keep on telling people about the opportunity and the possible profit they get from investing in Bitcoin, there will be surely new investors created every day. If they don't see a profit on the topic we are sharing, they will never get interested to invest in Bitcoin. Like when we shared Bitcoin and discuss the technicalities of it, I doubt there will be interest to invest.
So it all goes down to how well we are in informing people about the benefits and profits if they participate in Bitcoin.
Statistically 385,000 persons are born into different families across the globe, that's to say 385,000 offsprings come into this world everyday,
How do you come to know that figure from bedroom without making research? I am a little bit confused of a mortal being knowing that number with a link is... All what I mean is where did you get that number of persons giving birth everyday. For the bitcoin awareness, I can't not say no country in the world is ignorant of bitcoin just that they the people in various countries that even aware of the currency refused to use it because they have different believe on the coin. That is almost everyone is aware of the coin but not everyone is interested to use it because different orientation have been given to them.
This issue of thinking that adoption depends on certain factors such as the "hi, bitcoin," its learning, governments or the classic teaching bitcoin with your friends... etc.
Adoption is really something that vibre, it is there, with its deficiencies but have "flow" in how it is happening. Hence things like "they do not want to be knowing bitcoin" or "learn bitcoin" are brief speeches or thoughts inherited from of the recent past of bitcoin.
Today. There is nothing, absolutely nothing preventing you from learning about bitcoin and then accessing it;buying selling it, or just holding it, no rocket science with that.
So, why think that adoption is never good or bad, that is relative from the point of view from which you look at it, bitcoin only needs trust. Then, as long as there are two guys who want to exchange bitcoin, adoption It will be present, it is something cyclical. The point is that a quantitative adoption item does not necessarily determine the success or failure of bitcoin.
Adoption is really something that vibre, it is there, with its deficiencies but have "flow" in how it is happening. Hence things like "they do not want to be knowing bitcoin" or "learn bitcoin" are brief speeches or thoughts inherited from of the recent past of bitcoin.
Today. There is nothing, absolutely nothing preventing you from learning about bitcoin and then accessing it;buying selling it, or just holding it, no rocket science with that.
So, why think that adoption is never good or bad, that is relative from the point of view from which you look at it, bitcoin only needs trust. Then, as long as there are two guys who want to exchange bitcoin, adoption It will be present, it is something cyclical. The point is that a quantitative adoption item does not necessarily determine the success or failure of bitcoin.
Bitcoin's awareness is rapidly expanding as the world leans towards technology. It has the potential to revolutionize transactions and gain widespread adoption. As a digital asset, Bitcoin offers individuals the opportunity to make secure online payments and purchase goods. In an increasingly digital world, Bitcoin emerges as a unique and compelling option for financial transactions and online commerce.
Even now we were able to see a very small percentage of people aware about bitcoin and other cryptocurrencies. People have known about it, but they're not getting used to it. Even in the country (El Salvador) where bitcoin is considered legal tender people aren't much aware of it. After years the government have begun different awareness programs to make people use bitcoin on their needs.
For now the acceptance of bitcoin and other cryptocurrencies can be seen accumulated in specific region. This will change through the awareness, however the role of government is always a big thing. If governments were supportive bitcoin could've got a big usage. We can't expect government stand for bitcoin as they're fearful about its decentralised usage.
For now the acceptance of bitcoin and other cryptocurrencies can be seen accumulated in specific region. This will change through the awareness, however the role of government is always a big thing. If governments were supportive bitcoin could've got a big usage. We can't expect government stand for bitcoin as they're fearful about its decentralised usage.
Awareness alone, of the existence of this technology won't be enough to trigger mass adoption. For ure you know people who are aware of what Bitcoin is, but are choosing not to engage into it. One reason is probably regulation. They don't trust this technology enough and also, usage and accessibility. Only a few companies are accepting cryptocurrencies as a mode of payment and it happened that not all prople are into investments which leaves them a choice to not be too interested in this industry. The risk involved regarding market price volatility is also another thing that they consider. It would take initiative in order for mass adoption to totally happen.
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.
(....)
Exactly, a simple act will help Bitcoin to grow and become known to most people in the world. For example, accepting Bitcoin businesses, small or big businesses will be helpful.(....)
Government support also will be helpful because there are some countries that don't support Bitcoin for their people.
Convenient platforms, where people will not find difficulty using these platforms that interact with Bitcoin, could be a personal wallet, centralized or decentralized exchange, because expect that these people will use it on their daily lives.
A significant portion of the global population remains unaware of Bitcoin, and there is currently no precise data available on the percentage of people who are familiar with it. While only a few countries recognize Bitcoin as legal tender, it becomes challenging to raise awareness in other countries where Bitcoin is not accepted due to various restrictions. Nonetheless, those of us who are familiar with Bitcoin can still promote awareness by sharing information with our family and close friends, even in situations where the government does not accept it.
Until bitcoin not globally adopted as a legal currency or even investment, majority of the people in the world will stay unaware and uneducated about bitcoin and crypto market. However, with the few bitcoiners all over the world, although it’s hard to make a successful promotion for bitcoin, but if we do it altogether, we can still make a big difference and at some point, we can change the negative mindset of the people towards bitcoin. With patience and persistency on our goal for bitcoin promotion, I guess it will still be possible to expect positive changes in the long run. Jump to: