Awareness as the major force for Bitcoin adoption - page 4.

Z-tight

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Quote from: Churchillvv on May 19, 2023, 02:37:00 PM

It is generally acceptable for one to think of getting wealth from Bitcoin because everyone most satisfy their needs. And you can't get involved with something that will decrease your little wealth rather you go for increase in income (economically speaking).
Mind you if Bitcoin doesn't have profit or is not giving me and you increase in income we wouldn't have been here.

I support the believe that people should use their BTC's the way they want to, but this should only happen after they have understood what BTC is, it is risky for someone to start their BTC journey with the thought of getting wealthy through it, they'll not be interested in the more important things like their privacy and operational security. If your interest in BTC is because it is a censorship resistant currency, you will desire to learn so many very important things about the network, including how to invest and get returns on your investment.

Jawhead999

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Quote from: Promocodeudo on May 19, 2023, 12:34:48 PM

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.

Guess what, people will start to blame you when their investment aren't going like their own expectation, even you've said about risk and dump season, they won't listen to you and keep blaming you.

When their wallet got hacked or there's unauthorized transaction that make all of their coins moved, they ask you to hold their coins because they know you're capable about it.

People will start to follow you and ask you money because they think someone who hold Bitcoin is rich, also don't forget you will become a target of $5 wrench attack.

BenCodie

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Quote from: Promocodeudo on May 19, 2023, 12:34:48 PM

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.

I suppose you have raised an unseen force that people are not fully aware of. Of this 385,000 born daily, it could be argued that at least 1% of their parents would be knowledgeable in Bitcoin, and would teach them about Bitcoin and its power between their birth and when they are of age. At the same rate, that is 1,405,250 new accumulators expected in 20 years, per year. I have no doubt that this rate would improve significantly over the next years too, as the next cycle begins Cheesy

Bananington

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Quote from: Promocodeudo on May 19, 2023, 12:34:48 PM

Adoption of Bitcoin starts with you and me

With collective efforts we can really achieve a lot promoting bitcoins. In our own little ways, you must not talk to a large number of persons for it to be a credible effort that you have made, talking to someone as close to you as a family member or friend can help in making bitcoin more popular. Telling one person who gets convinced is more recognised than talking to many people at once thinking you are reaching many without being able to convince anyone if them. If we all talk to one person, and those people talk to other people, there will be more awareness on bitcoin, it starts with us.

Onset

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There’s no lack of publicity but too much misinformation. You get so many articles talking shit about Bitcoin and spreading negativity and Bitcoin doesn’t deserve it. But it changes a lot of people’s minds because if you’ve never researched Bitcoin what else will you use to form an opinion about it other than FUD articles..

I think today over half of the world’s population knows about Bitcoin. By knows I mean they’ve heard of it. What needs to happen next is either Bitcoin to survive strongly during a fiat crash or news agencies to start finally spreading some positivity so people will have more will to look into BTC..

Churchillvv

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Quote from: Z-tight on May 19, 2023, 01:12:36 PM

Educating people about BTC is difficult because the discussion usually ends up in their desire to get wealth from it

Sociologically the society tenders to get involved in what they see not what they believe in, putting myself in the shoes of some who haven't heard of Bitcoin or have heard of it via the trends of how people got rich with Bitcoin the first thing that comes in to my mind is "I will also be rich like those who invested in it earlier or those who i hear about."
The daily struggle of our life is to put food on our tables, so people generally thinking of getting wealth from Bitcoin because they most survive. In order to survive one most eat, get shelters etc and this essential needs for survival don't come without income before you invest in something you most have an extra profit that will come from it.
It is generally acceptable for one to think of getting wealth from Bitcoin because everyone most satisfy their needs. And you can't get involved with something that will decrease your little wealth rather you go for increase in income (economically speaking).
Mind you if Bitcoin doesn't have profit or is not giving me and you increase in income we wouldn't have been here.

so98nn

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I am not sure how peeps are lacking knowledge about Bitcoin, or not knowing Bitcoin at all if Bitcoin has already been in the news, financial budget meetings of nations, and powerful nations like the USA always making headlines about it. Have you seen the news articles circulating around the Google tabs, phone tabs, and notification bars? Man, there would be at least a single piece of news floating around us throughout the day. I am not saying that everyone is aware of bitcoins core idea but what I am saying here is simple, they at least heard about it for sure.

Everyone is a talker, and mouth-to-mouth publicity of Bitcoin is surely there. What to say about the biggest event that happened on the SNL, Twitter's new founder talking about bitcoin, G20 meet ups talking about the bitcoin, US congress talking about it, SEC/CBDC, and other regulatory bodies. I mean come on it has been everywhere by now and definitely a person knows about te bitcoin or at least the Name of it.

serjent05

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Quote from: Promocodeudo on May 19, 2023, 12:34:48 PM

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.

Baofeng

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Quote from: Promocodeudo on May 19, 2023, 12:34:48 PM

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.

We can't and we really don't know the numbers, to be honest, it's a bad analogy. Others say that the numbers of bitcoin wallets doesn't mean that those equate numbers of individuals who are into BTC.

Quote from: Promocodeudo on May 19, 2023, 12:34:48 PM

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.

It's really hard to do that if your government is anti-Bitcoin in the beginning. For those who are living in a country wherein it was open, one negative thing though that I heard is that it is being used to scam people.

Quote from: Promocodeudo on May 19, 2023, 12:34:48 PM

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.

Bitcoin has been growing in the last couple of years, we've hit all time high in 2017 and 2021. And with that in then next bull run, we might see a new all time high with or without promoting it to the masses.

Dr.Bitcoin_Strange

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OP, you should also know that Bitcoin is being declared illegal in some countries, and that's why a lot of people in those countries will not get to know much about Bitcoin unless some citizens of those countries will grow to an extent where they are personally prompted to do research themselves and discover Bitcoin. Also, in these current days, the rate of Bitcoin investors is increasing every year, which means that the publicity of Bitcoin is even better nowadays compared to five or eight years ago. Again, bitcoin knowledge is not just what people can learn in a hurry; otherwise, there will be some mistakes by people misplacing their seed phrase or even losing their bitcoin to hackers and scammers. Currently, there are a lot more people introducing Bitcoin education to their children, and some Bitcoiners are also going to schools to educate students about Bitcoin. Some universities are also accepting Bitcoin payments, which is helping Bitcoin publication and adoption compare to how slow it was before. Lastly, some business are also adopting Bitcoin payment.

Zaguru12

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This statistics also might include those who are not familiar with the use of internet it self and this will certainly make it hard to get this people to bitcoin. Bitcoin involves money and it is certainly the hardest thing to try and convince people on. The stereotype about everything investment been done online are likely Ponzi schemes will be hard to eliminate from some people most people in rural areas, couple with the fact that bitcoin is a volatile asset.

Quote from: The Cryptovator on May 19, 2023, 12:48:00 PM

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.

This is another big obstacle to bitcoin awareness. There are people that only trust what is under the regulations of the government only, so inviting people to something that government has portrayed bad is definitely going to be hard. Furthermore it is also risky to create public awareness to bitcoin in countries in which it is restricted or banned.

I would just say, talk to close relative about it and do not force any one into it and allow things unfold

Z-tight

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Quote from: Promocodeudo on May 19, 2023, 12:34:48 PM

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.

I feel that so many have 'heard' about BTC, the number of people that have 'heard' about BTC is far more than the people using it, and that is because you can't force the interest on people, some do not know what it is useful for, but they know that it is risky, while naive people think it is a scam.

Educating people about BTC is difficult because the discussion usually ends up in their desire to get wealth from it, and because many people correctly want to avoid giving people investment advice about BTC, they do not try to talk about it. Needless to say that if you find someone interested in BTC because it is a censorship resistant and permissionless currency, you should educate them about it, and if they have understood that aspect well, they can then learn how BTC is an asset or investment.

The Cryptovator

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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.

Promocodeudo

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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.

Topic: Awareness as the major force for Bitcoin adoption - page 4. (Read 583 times)