Awareness is the biggest influence. - page 20.

DirtyMartini

full member

Activity: 277

Merit: 101

Quote from: Baimovic on December 14, 2017, 10:38:52 PM

wow. it's really amazing, but can you mention which country already provides ATM for bitcoin?
I am curious .

Many countries have Bitcoin ATMs.. In Australia we have several, particularly in Melbourne and Sydney

Awareness is certainly an influence but its not everything, its just the first step..
Many of my friends and family are "aware" of Bitcoin and cryptocurrencies but only a small percentage of them are actually adopting/using it.

And regarding the mall in South Korea, its a positive step on a local level but certainly not the reason Bitcoin has experienced the recent boom it has. There are MANY other contributing factors, with the most significant being futures trading, as others have already said.

IMO, right now its the price and bullish growth of Bitcoin that getting all the attention.
Do you think as many people would give a shit if the value wasn't so high? They wouldn't...

pridequail

newbie

Activity: 13

Merit: 0

Bitcoin has definitely increased with its reach for over the years. Owing to the constant rise in value many people have become interested in using them for more transactions.

Tatalk

full member

Activity: 146

Merit: 100

Obviously yess. If something is new to the people then awareness and advertising that thing to the people is the very helping hand. The same thing is applicable to BTC also. Though BTC is many years old child but it is still not known to thousands of people due to lack of awareness like in many remote areas. All the social networking sites, social media, all kind of advertisement, organising campaign and telling students about cryptocurrency in the school will generate awareness and thus would help millions of people to have a good life.

Vannie12

full member

Activity: 630

Merit: 130

Awareness is not effective as an influence to cryptocurrencies if the information disimenated are false. Many may misinterpret or misunderstood why such technology is created and what are its main purposes. Nowadays people may think that this is just one way of earning or have a decent income which the whole concept of bitcoins.

RamonBTC

full member

Activity: 392

Merit: 106

It isn’t a small step if it is biggest underground mall in South Korea, if this information is true and I need to verify it because it’s my first time knowing this. It is worth a fortune, to cryptocurrency and bitcoin popularity. Those who seem to disagree because of avoiding the truth are those wanted a lesser price to invest more.
This article maybe what Op have mentioned and it has 500,000 visitors per day alone. Then this is not a small move for nothing.

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: Baimovic on December 14, 2017, 10:38:52 PM

wow. it's really amazing, but can you mention which country already provides ATM for bitcoin?
I am curious .

its not new to see that some countries are implementing a bitcoin atm. some countries that i know are russia and philippines. soon almost all countries will follow it because bitcoin is indeed a verry popular currency that is now can be used not only online but also in an offline environment. awarenes is also a big influence for a thing to become popular just like happened on bitcoin , many people are now aware that bitcoin exists and it can be great investment tool to earn some quick bucks.

Manc89

member

Activity: 266

Merit: 10

Quote from: Games.Bitcoin on December 04, 2017, 08:09:06 AM

So we all know BTC drops when people sell their coins... but the peaking is purely because of investments...

The mall in S.Korea that started accepting BTC as of this month played a massive roll in BTC's growth. Obviously this is because BTC's awareness is growing!

Surely there are ways to bring the awareness of cryto to the population.

Are there any other 'blow ups' of crypto that you have heard of? Similar to the mall...
What are you doing to spread the awareness?

Why when people aware to bitcoin but now price is down?
In theory, if awareness increase, demand will imcrease too and make bitcoin price increase.

Baimovic

full member

Activity: 1210

Merit: 100

Quote from: postokenlover on December 05, 2017, 12:57:00 AM

Now in some of the developed cities in Asia, there is already a ATM automatic machine that supports bitcoin. Many young people begin to understand bitcoin and invest in bitcoin and other encrypted coins. The government has also begun to realize that the encrypted currency is not closed, only to embrace it will be in line with the trend of this era.

wow. it's really amazing, but can you mention which country already provides ATM for bitcoin?
I am curious .

PossibilityMiner

newbie

Activity: 34

Merit: 0

The awareness is a huge factor there are older people I know who have just sat up and taken notice of Bitcoin finally. As mentioned above though the transaction costs have got to come down if it is going to be used for payments.

jtipt

hero member

Activity: 1050

Merit: 529

Quote from: Games.Bitcoin on December 04, 2017, 08:09:06 AM

So we all know BTC drops when people sell their coins... but the peaking is purely because of investments...
The mall in S.Korea that started accepting BTC as of this month played a massive roll in BTC's growth. Obviously this is because BTC's awareness is growing!
Surely there are ways to bring the awareness of cryto to the population.
Are there any other 'blow ups' of crypto that you have heard of? Similar to the mall...
What are you doing to spread the awareness?

I don't think the mall accepting BTC played a huge role in the recent price surge, it was mainly because of bitcoin futures. But yes such awareness and acceptance of bitcoin is good, one mall is not enough but its a step forward. Though in current condition using BTC as a currency is a nightmare because of high fees and long confirmation times.

hadveach

full member

Activity: 448

Merit: 102

I will awaken them by explaining that today's bitcoin will get taller and growing, giving warning to meman about some scam projects

paul00

sr. member

Activity: 854

Merit: 257

I really agree that awareness is the biggest influence on bitcoins value fluctuation. For this years’ phenomena, I believe that it was due to higher number of user and investor of bitcoin. It is also good to know that there is already a s. korean mall accepting bitcoin as mode of payment since it will also be way of making more people aware of it

Faroxx

full member

Activity: 294

Merit: 100

Quote from: Games.Bitcoin on December 04, 2017, 08:09:06 AM

one mall accepting bitcoin? it is not exactly "blow up" to get excited about. it is a small step though.

Yes, it's a small step, but is not one of those small steps starts the big move?

liuqi

sr. member

Activity: 1092

Merit: 257

LuckyB.it is Back!

Quote from: ?? on ??

Quote from: Games.Bitcoin on December 04, 2017, 08:09:06 AM

So we all know BTC drops when people sell their coins... but the peaking is purely because of investments...

The mall in S.Korea that started accepting BTC as of this month played a massive roll in BTC's growth. Obviously this is because BTC's awareness is growing!

Surely there are ways to bring the awareness of cryto to the population.

Are there any other 'blow ups' of crypto that you have heard of? Similar to the mall...
What are you doing to spread the awareness?

Bitcoin that were spent on Pizza and Bitcoin spent on a t-shirt is one of the things that cause a investor wanting to put their money in btc.

Have analyzed it whether it is legit information or not. I think that we will find the bump if there is any adoption comes on bitcoin. Same time Korean government seems named the bitcoin then how mall store can accept the bitcoin openly when the government takes this step. I don't who is fool here.
Spent btc on pizza is 2009 but now bitcoin price and supply grows everyday but still there are many people doesn't know about the crypto currencies.

Games.Bitcoin

member

Activity: 322

Merit: 11

Tontogether | Save Smart & Win Big

Quote from: Kakmakr on December 05, 2017, 01:05:03 AM

Quote from: Games.Bitcoin on December 05, 2017, 12:49:26 AM

Quote from: pooya87 on December 04, 2017, 11:58:05 PM

Quote from: Games.Bitcoin on December 04, 2017, 08:09:06 AM

So we all know BTC drops when people sell their coins... but the peaking is purely because of investments...

not completely correct.
people are selling and buying at all times, even when price is rising and even when price is dropping. price goes down only because there are more sellers than buyers and in bitcoin it happens during corrections (small drops) and during panic sells due to FUD (big drops).

Quote

The mall in S.Korea that started accepting BTC as of this month played a massive roll in BTC's growth. Obviously this is because BTC's awareness is growing!

Surely there are ways to bring the awareness of cryto to the population.

Are there any other 'blow ups' of crypto that you have heard of? Similar to the mall...
What are you doing to spread the awareness?

one mall accepting bitcoin? it is not exactly "blow up" to get excited about. it is a small step though.

Thank you for the correction

However I have to disagree on the mall... it is the first mall in the world to accept BTC and it is the BIGGEST one in S. Korea... it gravitated a lot of attention and I think it's the reason btc shot to $11k

I have to disagree with you on that. The biggest driving factor behind the spike in the price is the announcement that Bitcoin futures will be offered on the CME Group and also later on NASDAQ. This is where the real money is coming from, with positive sentiments coming from the institutional capital side.

Japan previously opened up a merchant network of over 200 000 merchants that started accepting Bitcoin and we hardly saw any increase in the price, after that announcement. How many shops is there in that Mall? < not more than 200 000? >

Thank you for this information!

jseverson

hero member

Activity: 1834

Merit: 759

Quote from: Games.Bitcoin on December 04, 2017, 08:09:06 AM

The mall in S.Korea that started accepting BTC as of this month played a massive roll in BTC's growth. Obviously this is because BTC's awareness is growing!

I doubt that. May I know what mall this is? The market currently seems to be much more driven by investors, rather than people actually looking into using Bitcoin as a currency. I don't know the statistics of merchants because they don't really release it, but few people seem to actually pay with Bitcoin. I know I wouldn't.

I do agree about awareness, though. There's a lot more awareness than normal thanks to all the all time highs breaking, but it's not nearly enough to break into the mainstream. I don't think there's any way to fast track this though, because the more you shove it down people's throats, the more they will think it's a scam. Just talk about it in a positive light and explain in detail if someone asks.

Kakmakr

legendary

Activity: 3542

Merit: 1966

Leading Crypto Sports Betting & Casino Platform

Quote from: Games.Bitcoin on December 05, 2017, 12:49:26 AM

Quote from: pooya87 on December 04, 2017, 11:58:05 PM

Quote from: Games.Bitcoin on December 04, 2017, 08:09:06 AM

So we all know BTC drops when people sell their coins... but the peaking is purely because of investments...

not completely correct.
people are selling and buying at all times, even when price is rising and even when price is dropping. price goes down only because there are more sellers than buyers and in bitcoin it happens during corrections (small drops) and during panic sells due to FUD (big drops).

Quote

The mall in S.Korea that started accepting BTC as of this month played a massive roll in BTC's growth. Obviously this is because BTC's awareness is growing!

Surely there are ways to bring the awareness of cryto to the population.

Are there any other 'blow ups' of crypto that you have heard of? Similar to the mall...
What are you doing to spread the awareness?

one mall accepting bitcoin? it is not exactly "blow up" to get excited about. it is a small step though.

Thank you for the correction

However I have to disagree on the mall... it is the first mall in the world to accept BTC and it is the BIGGEST one in S. Korea... it gravitated a lot of attention and I think it's the reason btc shot to $11k

I have to disagree with you on that. The biggest driving factor behind the spike in the price is the announcement that Bitcoin futures will be offered on the CME Group and also later on NASDAQ. This is where the real money is coming from, with positive sentiments coming from the institutional capital side.

Japan previously opened up a merchant network of over 200 000 merchants that started accepting Bitcoin and we hardly saw any increase in the price, after that announcement. How many shops is there in that Mall? < not more than 200 000? >

postokenlover

member

Activity: 159

Merit: 10

Now in some of the developed cities in Asia, there is already a ATM automatic machine that supports bitcoin. Many young people begin to understand bitcoin and invest in bitcoin and other encrypted coins. The government has also begun to realize that the encrypted currency is not closed, only to embrace it will be in line with the trend of this era.

kevoh

full member

Activity: 448

Merit: 110

Quote from: Tatalk on December 04, 2017, 11:50:09 PM

For now, BTC is such h huge digital currency, that it needs no sort of introduction because it is known to millions of people throughout the world and the centralization of bitcoin by the government could be the biggest awareness for the cryptocurrency. Other methods by which we can create awareness among people is by organising debates, campaign, printing pamphlets, hoardings and introduction of cryptocurrency to the youth could prove the great awareness for BTC because youth and cyrptos, both are asset for the planet.

I think I disagree with the words in bold. Bitcoin still needs a lot of introduction throughout the world. If you are from my part of the world, you will understand how difficult it is to introduce and explain Bitcoin to people. Sometimes I get snide remarks from people I try to introduce bitcoin. The government of my country makes it worse releasing negative statements once in a while about bitcoin and blockchain technology.

As it stands, the best way for me and the few others in my country to create awareness on bitcoin and blockchain technology is the proof of wealth that is made at each time bitcoin value increase.

Games.Bitcoin

member

Activity: 322

Merit: 11

Tontogether | Save Smart & Win Big

Quote from: pooya87 on December 04, 2017, 11:58:05 PM

Quote from: Games.Bitcoin on December 04, 2017, 08:09:06 AM

So we all know BTC drops when people sell their coins... but the peaking is purely because of investments...

not completely correct.
people are selling and buying at all times, even when price is rising and even when price is dropping. price goes down only because there are more sellers than buyers and in bitcoin it happens during corrections (small drops) and during panic sells due to FUD (big drops).

Quote

The mall in S.Korea that started accepting BTC as of this month played a massive roll in BTC's growth. Obviously this is because BTC's awareness is growing!

Surely there are ways to bring the awareness of cryto to the population.

Are there any other 'blow ups' of crypto that you have heard of? Similar to the mall...
What are you doing to spread the awareness?

one mall accepting bitcoin? it is not exactly "blow up" to get excited about. it is a small step though.

Thank you for the correction

However I have to disagree on the mall... it is the first mall in the world to accept BTC and it is the BIGGEST one in S. Korea... it gravitated a lot of attention and I think it's the reason btc shot to $11k

Topic: Awareness is the biggest influence. - page 20. (Read 3261 times)