Does the world know about Bitcoin? - page 2.

AnonBitCoiner

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Quote from: oktana on May 17, 2024, 05:27:41 PM

Of course there are many people who don’t know about Bitcoin. We have at least 8 billion people on earth and it’s almost impossible for all of them to know. However, I think that Bitcoin has grown really well because the average person even in developing countries may have at least heard the name. The only challenge I see is that they may have a misconception about it.

Some people don't know about bitcoin while others know the name but don't know the reality whereas most of the people know very well about Bitcoin but due to volatility they ignore its benefits. It does not mean that those who don't have invested in Bitcoin don't know about it but some people don't have money to invest in Bitcoin so they cannot utilise their knowledge to get profit from investment in Bitcoin.

I think the old people don't believe in Bitcoin easily because the thing which is not visible with the naked eye is not trusted for them. Bitcoin is one of the best investment tools and there are no boundaries for anyone but still people are afraid to invest in it.

Bitco55

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Quote from: Emmybit001 on May 11, 2024, 08:53:55 PM

To me i think there are some part of the world that still don't know anything about Bitcoin, because there are people in USA, UK, Australia, Canada, China,etc. even in Nigeria there are people that don't know anything about Bitcoin, they always think that Bitcoin is a scam, but people that know about it are making thousand of Dollars,($) I think they don't know that we are in a digital world now.

Do you know why the price of Bitcoin has been increasing? The price of Bitcoin has been increasing because more people are currently investing in it. The higher it's popularity, the higher it's price. It doesn't really matter, and it's not our business if the entire world doesn't know about Bitcoin, or knows but believes it's a scam, deal with, some places in the world aren't even developed to have phones. So, instead of focusing on unimportant stuff, why don't we focus on who knows and believes in it and focus on increasing our crypto assets, yeah ?.... Yeah.

Fiasem20

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Bitcoin has grown so popular round the globe but only few people knows what the coin is all about.People do hear Bitcoin everyday but don't a full knowledge of what Bitcoin is.Most people still have the mentality that Bitcoin is a scam,when they barely know nothing about who invented it,how it works and how it has played a vital role in an economy.The world we are is a digitalized world and bitcoin is a decentralized digital currency and a technological advancement with a high potential, people just have to enlightened about Bitcoin and stop thinking is a scam.

bettercrypto

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Quote from: Emmybit001 on May 11, 2024, 08:53:55 PM

To me i think there are some part of the world that still don't know anything about Bitcoin, because there are people in USA, UK, Australia, Canada, China,etc. even in Nigeria there are people that don't know anything about Bitcoin, they always think that Bitcoin is a scam, but people that know about it are making thousand of Dollars,($) I think they don't know that we are in a digital world now.

There are still many people who don't know about Bitcoin or cryptocurrency because not all places have internet or have a data connection, such as people in tribal groups or those who live in remote provinces where it can be said that it is very difficult to earn money.

It's also often because the internet is in areas that are covered by the internet or there is a gap in it, because if there is no internet, they will not really know about Bitcoin, and the others are also not aware of social media platforms.

Adams0001

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Quote from: oktana on May 17, 2024, 05:27:41 PM

Of course there are many people who don’t know about Bitcoin. We have at least 8 billion people on earth and it’s almost impossible for all of them to know. However, I think that Bitcoin has grown really well because the average person even in developing countries may have at least heard the name. The only challenge I see is that they may have a misconception about it.

People have heard of bitcoin, but they don't want to know what it is because they don't know anything about it, and they aren't ready to learn about it because they are already involved in other businesses that bring money to the table. So they will not be interested in learning about bitcoin. If you go to some country and ask someone about bitcoin, he will answer no, since he don't know anything about it, he is only hearing about it and does not want to know what it is. Now that bitcoin's value is increasing every time new users will be interested to buy because friends will tell friends to buy, to generate profit and that is how he will spearing and all over the word because bitcoin will be strong coin that anyone will be interested to buy without complaining about it. People that no about bitcoin and they are deceiving them that is scam i don't think they will succeed through any online investment.

Mrbluntzy

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Quote from: Emmybit001 on May 11, 2024, 08:53:55 PM

To me i think there are some part of the world that still don't know anything about Bitcoin, because there are people in USA, UK, Australia, Canada, China,etc. even in Nigeria there are people that don't know anything about Bitcoin, they always think that Bitcoin is a scam, but people that know about it are making thousand of Dollars,($) I think they don't know that we are in a digital world now.

There is a little difference not know about Bitcoin at all and to only have a little knowledge about Bitcoin. Those that thinks that Bitcoin is a scam are people who have already knew about Bitcoin but they only have a slight knowledge about it and the slight knowledge they have is a misunderstanding of what Bitcoin really stands for.

Every country in the world know about Bitcoin, they do but not everyone in that country may know but most of them knows. Give it 100 years from today and more people will know about Bitcoin.

Tmoonz

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Quote from: Emmybit001 on May 11, 2024, 08:53:55 PM

To me i think there are some part of the world that still don't know anything about Bitcoin, because there are people in USA, UK, Australia, Canada, China,etc. even in Nigeria there are people that don't know anything about Bitcoin, they always think that Bitcoin is a scam, but people that know about it are making thousand of Dollars,($) I think they don't know that we are in a digital world now.

Bitcoin has already gain a widespread adoption, the publicity and the awareness of Bitcoin existence can no longer be overemphasize as even most country has adopted as a currency, a golden fish don't have a hidden places, majority are only being indicisive as regards to the true potential Bitcoin holds the reason why they procrastinate using it as a means of investment but a lot are going to regret not to have investmented already those that started in the most earliest age of Bitcoin will testify.

Catenaccio

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Quote from: Emmybit001 on May 11, 2024, 08:53:55 PM

To me i think there are some part of the world that still don't know anything about Bitcoin, because there are people in USA, UK, Australia, Canada, China,etc. even in Nigeria there are people that don't know anything about Bitcoin, they always think that Bitcoin is a scam, but people that know about it are making thousand of Dollars,($) I think they don't know that we are in a digital world now.

Knowing nothing about Bitcoin and knowing something about Bitcoin can lead to a same decision, don't invest money in Bitcoin.

Knowing something about Bitcoin from media, educational resources can be good starts for a debut of investment in Bitcoin but it does not guarantee that these people will surely do investment.

Have knowledge about Bitocoin and have investment don't mean they will be rich with Bitcoin. Only people with good investment strategy and good capital management, will get profit with Bitcoin.

Saint-loup

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Quote from: Emmybit001 on May 11, 2024, 08:53:55 PM

To me i think there are some part of the world that still don't know anything about Bitcoin, because there are people in USA, UK, Australia, Canada, China,etc. even in Nigeria there are people that don't know anything about Bitcoin, they always think that Bitcoin is a scam, but people that know about it are making thousand of Dollars,($) I think they don't know that we are in a digital world now.

People knowing Bitcoin are making thousands of Dollars? Could you explain how they are doing that? Because if you've just invested money into it and you've hold your assets till a higher price before selling them, you had to invest a quite large amount of money to earn thousands of USD as you say. In addition most crypto investors are not doing that because they are "hodling" their bag actually that is to say their profits are only virtual and they won't make money at the end if the price decreases and goes back to the level where they've bought their assets. Furthermore, you should speak in the past tense, because nobody can say if its price will continue to grow in the same way as it did untill now, it's a highly volatile asset so pumps don't mean its intrinsic value increases.

Abu-Naim

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Quote from: Emmybit001 on May 11, 2024, 08:53:55 PM

To me i think there are some part of the world that still don't know anything about Bitcoin, because there are people in USA, UK, Australia, Canada, China,etc. even in Nigeria there are people that don't know anything about Bitcoin, they always think that Bitcoin is a scam, but people that know about it are making thousand of Dollars,($) I think they don't know that we are in a digital world now.

In Nigeria, yes I will believe you that there some parts of the country that didn’t know anything about bitcoin nor cryptocurrency which are mostly the rural areas where they don’t have access to network and probably no any civilization in the village.

USA, UK, Australia, China, and Canada you mentioned are hard to believe especially because of their advancement in any technology. They definitely know Bitcoin more than some of us but their governments are just too strict and are putting regulations on crypto transactions because of task and others. They should know Bitcoin wella because of its decentralized nature in order to avoid task and other charges from the banking sector.

Mame89

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Quote from: oktana on May 17, 2024, 05:27:41 PM

Of course there are many people who don’t know about Bitcoin. We have at least 8 billion people on earth and it’s almost impossible for all of them to know. However, I think that Bitcoin has grown really well because the average person even in developing countries may have at least heard the name. The only challenge I see is that they may have a misconception about it.

With bitcoin being more than a decade old, I think many people are already familiar with bitcoin in both developed and developing countries. It's just that there are still many people who are skeptical of Bitcoin because many still view Bitcoin as an investment that has no future and is even a fraud. However, as time goes by, we have to admit that the development of the bitcoin community is increasing day by day, this may be because in the current era information is very easy to obtain. We just need time so that everyone can see Bitcoin as an investment for the future, like investing in gold, which currently everyone knows that gold is the best investment.

In essence, many people only know about bitcoin because its price has soared fantastically and allowed people to achieve financial freedom. But few know the advantages of blockchain, with the technology making bitcoin more secure and transparent than other assets.

Jascrypt

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Quote from: Emmybit001 on May 11, 2024, 08:53:55 PM

To me i think there are some part of the world that still don't know anything about Bitcoin, because there are people in USA, UK, Australia, Canada, China,etc. even in Nigeria there are people that don't know anything about Bitcoin, they always think that Bitcoin is a scam, but people that know about it are making thousand of Dollars,($) I think they don't know that we are in a digital world now.

Yeah, I agree and i think this is because enough awareness is not created although rural dwellers may find it difficult to understand bitcoin because most of them are still in the analog age and this is why i expect exchanges to help create awarenes not just for bitcoin but for the growth blockchain tech and adoption.

oktana

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Of course there are many people who don’t know about Bitcoin. We have at least 8 billion people on earth and it’s almost impossible for all of them to know. However, I think that Bitcoin has grown really well because the average person even in developing countries may have at least heard the name. The only challenge I see is that they may have a misconception about it.

virasog

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Quote from: GbitG on May 17, 2024, 02:23:15 PM

Quote from: Issa56 on May 17, 2024, 12:02:42 PM

No matter what you tell some people about bitcoin, they will still think it is a scam. So if I can introduce bitcoin to anyone and the person thinks it is a scam, I don’t disturb myself, I will just leave the person, because if I can force them to invest in bitcoin and anything happens to the person’s investment, they will think I am the one who scammed them.

Yep since there are no gains attached to it, we don't need to tell people about Bitcoin or cryptocurrencies, let them come to know about it themselves or from somewhere else. It is not like we are going to get some referral commission or something if they make an investment in Bitcoin, if they think it is a scam, let them be with their thoughts that they will regret in the future like the ones who called Bitcoin a scam and a bubble back in the day who are in deep regret these days.

Never force anyone to like Bitcoin or make investments in it, even if it's a family member, because as you said, in case their investment goes wrong, they buy at the wrong time and see their investment losing value, they are going to blame you for it because you forced them to do it. Don't even recommend it to anyone, let people decide for themselves what they want to do with their money.

One reason why people think that bitcoin and cryptocurrency are scams is that it is not backed by the government in many countries and still, there are countries in the world that will not encourage the use of bitcoin for investments or transactions. Those people take special note of the negative propaganda being done by the government against bitcoin and many new persons who does not have much information , thinks what government is saying is right and they keep themselves away from it.

There are another group of people who may be scammed by some shit coin or they invest in bitcoin at a time when the price is on the high and once they buy the bitcoin starts dumping and they consider it a Ponzi scheme.

Mr.suevie

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Quote from: Emmybit001 on May 11, 2024, 08:53:55 PM

To me i think there are some part of the world that still don't know anything about Bitcoin, because there are people in USA, UK, Australia, Canada, China,etc. even in Nigeria there are people that don't know anything about Bitcoin, they always think that Bitcoin is a scam, but people that know about it are making thousand of Dollars,($) I think they don't know that we are in a digital world now.

That's basically how the whole system is designed, you don't expect everyone in the whole to know about Bitcoin, I mean not everyone is open minded or even literate enough to understand that there is actually something called Bitcoin and people use it to transact and also as investment that could possibly earn them tangible returns in the future. Okay I could go religious and even state a claim about the christian faith that is actually being preached and spread to every corner of earth but yet some places still don't know about JESUS and even Christianity as a whole.

GbitG

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Quote from: Issa56 on May 17, 2024, 12:02:42 PM

No matter what you tell some people about bitcoin, they will still think it is a scam. So if I can introduce bitcoin to anyone and the person thinks it is a scam, I don’t disturb myself, I will just leave the person, because if I can force them to invest in bitcoin and anything happens to the person’s investment, they will think I am the one who scammed them.

Yep since there are no gains attached to it, we don't need to tell people about Bitcoin or cryptocurrencies, let them come to know about it themselves or from somewhere else. It is not like we are going to get some referral commission or something if they make an investment in Bitcoin, if they think it is a scam, let them be with their thoughts that they will regret in the future like the ones who called Bitcoin a scam and a bubble back in the day who are in deep regret these days.

Never force anyone to like Bitcoin or make investments in it, even if it's a family member, because as you said, in case their investment goes wrong, they buy at the wrong time and see their investment losing value, they are going to blame you for it because you forced them to do it. Don't even recommend it to anyone, let people decide for themselves what they want to do with their money.

Gaza13

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Quote from: Emmybit001 on May 11, 2024, 08:53:55 PM

To me i think there are some part of the world that still don't know anything about Bitcoin, because there are people in USA, UK, Australia, Canada, China,etc. even in Nigeria there are people that don't know anything about Bitcoin, they always think that Bitcoin is a scam, but people that know about it are making thousand of Dollars,($) I think they don't know that we are in a digital world now.

I think you are wrong, for example, I personally live quite far from urban areas, I live on the outermost island of my country but I can know about this asset. In every country, city governments and regional governments certainly provide communication access to their communities, such as internet access. This internet access also speeds up local government communication in providing any information to the city. This depends on each individual, at first I didn't really believe in this asset, because there was a lot of fraudulent news regarding this asset. I am increasingly curious, there are those who say this asset has a pretty good future, I studied it. From the information I got from various sources, finally I found this forum and I searched for many things and knowledge here, finally I understood that it is true that this asset deserves to be obtained as much as possible and sold whenever we want.

Issa56

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Quote from: Emmybit001 on May 11, 2024, 08:53:55 PM

To me i think there are some part of the world that still don't know anything about Bitcoin

You don’t expect everyone to know about bitcoin all at once, it’s going to be spreading gradually. When bitcoin was created, only a few people knew about it, and most of the people who know about it don’t really have confidence in it. But gradually, bitcoin keeps on spreading. I know there are still lots of people who don’t know about bitcoin or haven’t heard anything about it before, but I am sure with time, bitcoin awareness is going to get to them. Let’s give bitcoin a time 5 years to come, bitcoin adoption and awareness will have increased.

Quote from: Emmybit001 on May 11, 2024, 08:53:55 PM

even in Nigeria there are people that don't know anything about Bitcoin, they always think that Bitcoin is a scam,

No matter what you tell some people about bitcoin, they will still think it is a scam. So if I can introduce bitcoin to anyone and the person thinks it is a scam, I don’t disturb myself, I will just leave the person, because if I can force them to invest in bitcoin and anything happens to the person’s investment, they will think I am the one who scammed them.

Churchillvv

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Quote from: Emmybit001 on May 11, 2024, 08:53:55 PM

To me i think there are some part of the world that still don't know anything about Bitcoin, because there are people in USA, UK, Australia, Canada, China,etc. even in Nigeria there are people that don't know anything about Bitcoin, they always think that Bitcoin is a scam, but people that know about it are making thousand of Dollars,($) I think they don't know that we are in a digital world now.

One that is very certain about technological advancement is that not every one moves or advance at the same time. A lot of people are not acquainted with the technologies that are been created in this modern age. So for hearing or knowing about bitcoin it might seem weird to for people in remote environments to know about bitcoin.

I don't really know how many people in the world population that knows about bitcoin but I believe it's very much lower compared to the total number of people in the world. Bitcoin has made its way to the top and most powerful digital currency and infact it's the first of its kind so it's growing or spreading gradually to the world at large. Some time ago a lot of people in my local community never knew about bitcoin but today I think the popularity of bitcoin in my community has amazed me without it being advertised it still made it way deep in to a rural community so i believe bitcoin is growing gradually.

Kelward

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Quote from: Emmybit001 on May 11, 2024, 08:53:55 PM

To me i think there are some part of the world that still don't know anything about Bitcoin, because there are people in USA, UK, Australia, Canada, China,etc. even in Nigeria there are people that don't know anything about Bitcoin, they always think that Bitcoin is a scam, but people that know about it are making thousand of Dollars,($) I think they don't know that we are in a digital world now.

Some people haven't heard about Bitcoin, some of the people that have heard about it doesn't know what it is, while some knows what it is but either they don't have interest in digital currency or they just don't care. Before I came to understand how Bitcoin works, I used to think that it's one of those Ponzi schemes, where people will be investing their money and they'll be getting returns on their investments, that one day when the developers have amersed enough wealth, they'll just shut down, I know that some people that have heard about Bitcoin, still holds this untrue notion. I believe that Bitcoin adoption is increasing gradually, and one-day, everybody in every corner of the world will own a crypto wallet, just like bank accounts.

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