I understand your surprise to discover that knowledge of Bitcoin is spreading in areas you did not expect given that you are considered a beginner. But all the spread that you see is still limited if we take into account that only two countries in the world recognize Bitcoin as a legal tender (El Salvador and Central Africa) and that the major financial institutions do not officially support it. It is true that many exchanges that list Bitcoin and crypto have official activity licenses in many countries, but their services are still limited for traders and those looking for investment opportunities.
Recently, Binance exchange announced that it has more than 200 million users, which is considered a huge number of people registered on one exchange, but it remains a small number compared to the total number of the world’s population, although it indicates a significant increase in the number of crypto users globally.
Topic: Do you know that bitcoin has spread all over the world. - page 4. (Read 679 times)
I have seen you post in the Nigerian local board so I believe you’re from Nigeria. With the level of enthusiasm Nigerians have shown for cryptocurrencies, it is not surprising that Bitcoin has reached even the rural areas. I find it interesting that the farmers were open to accepting bitcoin as payment for their crops. To my knowledge, most of the farmers in the rural areas practice subsistence farming which makes me wonder if they make enough money from the business to invest in Bitcoin.
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I think it is good that folks are discussing about Bitcoin, especially in rural areas. No denying its catching on more and more, but we cannot forget it is not universally accepted yet. Good old cash is still #1 for most, especially out in the sticks.
That said, prolly smart to keep the crypto conversations on the down low. Some folks might wanna take advantage if they know you got skin in that game. Not everyone's intentions are pure, so trust your gut if something seems off.
As a beginner in this potential forum, I never knew that bitcoin has spread round the whole world, I thought is only this forum and few countries that know bitcoin, but what I saw in the village when I traveled for local business to buy with cash because this is the season of the crops, I was so surprised seen two of my customers discussing about bitcoin in the local market,
The people in this village know bitcoins due to effort that some people put into trying to make sure that people around them know about bitcoins. If this people had not made the effort, maybe you would have been the only person in that village with the knowledge of bitcoins. We all have to keep making efforts to try make sure people get the right information about what bitcoin is because as much as you will like to think that bitcoin has spread all over the world, it has not, and there is still much to be done because there are still places in the world where people have never heard about bitcoins. 
You shouldn't be surprised that people in the rural areas know about Bitcoin. Bitcoin knowledge is limited or doesn't discriminate against religion, geographical location, gender, age, sexuality. As long as one has internet connection, a smart phone, can read and write and is curious to know Bitcoin, they'll find it and learn know as much as they desire. I won't be surprised that native tribes in the Amazon forest have heard or know about Bitcoin if they have the two qualities/characteristics already described.
Which is the power of bitcoin Many people will be aware of bitcoin, because the goodness of bitcoin benefits many people. Anyone who enjoys investing in bitcoin will want to tell others about his profits, and he will want to encourage others to invest and benefit from it as well. So I am not shocked that Bitcoin has spread over the world. Many people have heard about bitcoin, but some do not understand how it works and some do not have enough money to invest in it, This is why you may believe that people do not know about bitcoin since they do not have enough money to begin investing. Bitcoin will eventually be ubiquitous and everyone will want to receive and invest and be profitable. I'm seeing bitcoin prices dropping these days, so it's a good idea to invest now and leave it for the long term because some investors invest when the price is falling and buy for the long run.
Only a few people know about Bitcoin here in my area I know people know about Bitcoin and crypto but they experience losses that they thought Bitcoin would make them rich but the fact is they don't know much about Bitcoin. They know much about other altcoins like Ethereum it is one of the popular crypto here in my country during the pandemic because most of the P2E games are from Ethereum base compared to Bitcoin only 2 or 3 friends that I know knows about Bitcoin even they know bitcoin they are afraid to invest because of volatility.
I'm sure many people knows Bitcoin since it's always on the news and sometimes posted on facebook reels or in TikTok and Youtube but more people here in my country interested on P2E than Bitcoin.
I'm sure many people knows Bitcoin since it's always on the news and sometimes posted on facebook reels or in TikTok and Youtube but more people here in my country interested on P2E than Bitcoin.
Good to see people are discussing it locally. Maybe they are thinking of investing but have no idea how to buy.
Been seeing some stores downtown having BTC-accepted stickers in front of their store. But when asked about it, they just said it was posted there by someone lol. There are a few who actually know BTC but not entirely, they just know it is a payment option.
We're living in a global era where Information spreads across the world much faster than most of us thinks. You could be surprised to know that someone in a remote African villages knows quite much about the US presidential election way more than the actual citizens and this is what the information age we're in has helped us to attain.
Anyone that has a mobile device and knows about financial system should have in one way or the other known about Bitcoin and cryptocurrency. The issue is that although Bitcoin has spread around the world, it hasn't gotten to a stage where you can easily transact with it in local market for so many factors. Business people don't HODL there money but rather prefer it to be in liquid and flexible form such that they can use it for business purpose whenever they want to. For daily business transaction, fiat does better job compaired to Bitcoin so although it has gotten to all the part of the world, it's not yet gotten to the position where it can become a legal tender that's usable for most business activities.
Anyone that has a mobile device and knows about financial system should have in one way or the other known about Bitcoin and cryptocurrency. The issue is that although Bitcoin has spread around the world, it hasn't gotten to a stage where you can easily transact with it in local market for so many factors. Business people don't HODL there money but rather prefer it to be in liquid and flexible form such that they can use it for business purpose whenever they want to. For daily business transaction, fiat does better job compaired to Bitcoin so although it has gotten to all the part of the world, it's not yet gotten to the position where it can become a legal tender that's usable for most business activities.
If it is about bitcoin being spread all over the world, it has, and people have known about it. The major problem people mostly face is lacking the basic knowledge of bitcoin, having nobody to properly educate them on the volatility of bitcoin, and what they shouldn't do or do when they invest in bitcoin.
Because of the lack of the aforementioned knowledge of people not knowing about bitcoin fully. you and I are then advised to help to spread the awareness of bitcoin to people who doesn't have basic knowledge of bitcoin but only know it by its name
Because of the lack of the aforementioned knowledge of people not knowing about bitcoin fully. you and I are then advised to help to spread the awareness of bitcoin to people who doesn't have basic knowledge of bitcoin but only know it by its name
You don't need to be surprised op because you saw people from the rural area discussing about bitcoin, most people in the rural areas are well informed and are affected by the economic hardship which is all over the world right now and some of them are taking advantage of the information they have heard about bitcoin to invest while they keep working and making arrangements for the good omen that will come as a result of their investment.
Personally, I know some youth in my village (rural area who are old time investors I don't know when they got the information but having a discussion with some of them you will be convinced to know that they are well informed about bitcoin than some of us in the city.
Personally, I know some youth in my village (rural area who are old time investors I don't know when they got the information but having a discussion with some of them you will be convinced to know that they are well informed about bitcoin than some of us in the city.
(...)that bitcoin has spread all over the world.
I feel like that's what you see
of the positive that people's attention to bitcoin is. But I think the truth is that it is not too common in most places, maybe it is mentioned in the place you are talking about but it is only a rare story and there is no need to talk too much about its popularity. But I admit that the acceptance of bitcoin is growing, but similar to many other things in life, there are different barriers to access, such as simply having the internet to use problems that cannot satisfy all needs.
You shouldn't be surprised that people in the rural areas know about Bitcoin. Bitcoin knowledge is limited or doesn't discriminate against religion, geographical location, gender, age, sexuality. As long as one has internet connection, a smart phone, can read and write and is curious to know Bitcoin, they'll find it and learn know as much as they desire. I won't be surprised that native tribes in the Amazon forest have heard or know about Bitcoin if they have the two qualities/characteristics already described.
A smartphone and an internet connection are only what anyone needs to learn anything in the world. It seems crypto awareness has increased this year in every corner of my locality people are either discussing crypto or tapping their phones to get some airdrop. However many of them don't have solid knowledge about Bitcoin because most of them see the sector as a get-rich-quick scheme. If you ask them simple questions about the industry, they don't know the answers. Most of these people in rural areas are cheap prey to scam projects.
I never knew that bitcoin has spread round the whole world, I thought is only this forum and few countries that know bitcoin
The forum alone constitute a representative of all countries or virtually all the continents of the world, you discover diverse people coming onboard and discussing about bitcoin from all over the world, which is one of the successful achievement of Satoshi Nakamoto intentions for establishing this platform, no gender or ethnicity race barrier to join this forum, its meant for everyone to join, learn and benefit from bitcoin adoption.
Well, it's a bit contradictory if you said that bitcoin is known all over the world when you're a newbie, that's bound to happen that you know of things or not know of things when you're a newbie in something, you're supposed to not know anything about that so it's really something that's obviously going to happen to you. Now that you know of how widespread the renown that bitcoin has, I think that should tell you something about how good of an investment and currency bitcoin is, it's something that you should talk about your friends with, this is an opportunity of a lifetime and people will tell you that it's too pricey right now but in the near future, you will not be saying that because bitcoin is a long-term investment and a present full of doubts is going to be filled with a future of regrets that you didn't invest right now.
Remember to learn how to DCA with your investments though, it's always smart to invest but even smarter when you time and manage how you invest, DCA is pretty easy, at it's most basic, it's buy low, sell high but there's some carefulness and timing surrounding it.
Remember to learn how to DCA with your investments though, it's always smart to invest but even smarter when you time and manage how you invest, DCA is pretty easy, at it's most basic, it's buy low, sell high but there's some carefulness and timing surrounding it.
It's not actually a new thing mate. A lot of persons much have heard about Bitcoin from someone or somewhere online and since Bitcoin has Being a life changer for so many early investors, alot of these people have spread the word through what they have been able to accomplish over the years. I'm most countries some have heard but don't actually know what it can do or even how to use it. The rate of adoption is still growing though so I believe that with time, they will get to know more about Bitcoin and consider investing on it.
You shouldn't be surprised that people in the rural areas know about Bitcoin. Bitcoin knowledge is limited or doesn't discriminate against religion, geographical location, gender, age, sexuality. As long as one has internet connection, a smart phone, can read and write and is curious to know Bitcoin, they'll find it and learn know as much as they desire. I won't be surprised that native tribes in the Amazon forest have heard or know about Bitcoin if they have the two qualities/characteristics already described.
As a beginner in this potential forum, I never knew that bitcoin has spread round the whole world, I thought is only this forum and few countries that know bitcoin, but what I saw in the village when I traveled for local business to buy with cash because this is the season of the crops, I was so surprised seen two of my customers discussing about bitcoin in the local market, that if they can see someone that will buy crops from them and pay them with bitcoin they will be very happy, but I smile over the issues and told them that very soon government will do it to make bitcoin legal tender in the country, becauss I know bitcoin is not legal tender in my country, and I don't know if those guys are agent of government agencies to know if am a bitcoiners which is the reason I didn't let them know am a bitcoin lover, but I was very happy in my mind that my village people know bitcoin because I know for village people to know bitcoin, it show that it has gone round the whole world, that is what make me to create this topic, that bitcoin has spread all over the world.
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