Topic: Education and money as the key to Bitcoin adoption. - page 2. (Read 735 times)

Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,

Government rules and policies surely affect Bitcoin and other cryptocurrencies' broad adoption. They can ease or hinder change. Bitcoin is widely stated to be used in illegal activities, although this is an oversimplification. Remember that conventional currencies have also been used illegally, but they have escaped the moniker "money for illegal things." Criminals can't hide on the blockchain, and Bitcoin transactions may be traced. Bitcoin has improved from its darknet market days. We must overcome these illusions to appreciate Bitcoin and other cryptocurrencies.

Government rules and policies surely affect Bitcoin and other cryptocurrencies' broad adoption. They can ease or hinder change. Bitcoin is widely stated to be used in illegal activities, although this is an oversimplification. Remember that conventional currencies have also been used illegally, but they have escaped the moniker "money for illegal things." Criminals can't hide on the blockchain, and Bitcoin transactions may be traced. Bitcoin has improved from its darknet market days. We must overcome these illusions to appreciate Bitcoin and other cryptocurrencies.

Your knowledge and money will be useless if the government bans Bitcoin in your country. You are right, the government is really the key because if the government supports it, the people will follow. Though it is not the only reason why they aren't adopting bitcoin is because they heard about it from illegal things that were shown or heard in the news. That is the first time those people heard about it, and if they hear it again, they will be thinking again that it is like money for illegal things.

Lack of education or too many scams are among the reasons many people stay away from bitcoin. But in my opinion, education or money is not the main key for people to accept bitcoin. I have always held the view that if the government legalizes bitcoin and allows people to use it to the fullest extent, then bitcoin adoption can happen quickly. Governments are key in helping bitcoin achieve global popularity. Education will also be ineffective without government approval.

In addition to this, many people proclaim themselves as an expert and created their own assumptions which also arises confusion and doubts. While there is a contradict opinions on the internet, we can still see people remain doubtful and ignore Bitcoin. And as long as scams still happening, the more it thinks that Bitcoin is not safe and is a scam thing.
It could be a proper education could help it out but I can't think it really convince everyone to adopt, some will still low and remain on fiat money.

I'm sure everyone knows about bitcoin because nowadays there are a lot of advertisements on social media, television and so on and maybe because they don't understand how it works.
and this being the main reason why they don't buy bitcoin is the confusion and lack of understanding of bitcoin and the main finding is that having basic crypto knowledge is the most likely driver of adoption.
so education is a major factor and this cannot be found in school or anywhere else, and the self awareness to find and learn it on their own will allow them to use their money to buy bitcoins after realizing that bitcoin is the best investment and also the safest.
and in my opinion from time to time many bitcoin user investors continue to improve and develop, so let bitcoin run as it is because in the end everyone gets involved after realizing and finding their own way to educate about bitcoin as a whole and get involved.

When there is a need then there is business opportunity, Cryptocurrency related company can help those people who don't have access to internet by build infrastructure and help them to get education that they need. This kind of CSR will benefits the company a lot. the company will gain popularity and environment to grow it's business. if the problem is related to infrastructure, it seems that it can be solved by individual person. it's must be a big legal group so they can cooperate with the government. but every effort is meaningful, it's better than didn't do anything.

Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,

This group of people might not have access to an internet service to get involved in this technology or even funds to invest but for sure many of them want the knowledge to prepare them for future possible investments.

In the absence of internet service the diagrammatic explanation of how the technology works can also help locally.

Generally, the teaching of system transparency may encourage mass adoption when the example is been shown practically.
Some of us never thought of being where we are today in the Bitcoin world, but because of the knowledge we got on how reliable, fast, and decentralized Bitcoin is, we tried and it worked perfectly as we expected.

Some people don't care about Bitcoin because they don't understand how
It works and how it is, and I have made it an obligation to help people that I tell about Bitcoin, that has found it interesting to reach the extent of comprehending what Bitcoin is, and also make them know that the technology has come to stay, irrespective of the availability of cash for investment, acquire the knowledge.

We know that money plays a major role in Bitcoin investment and adoption, over the time many people have complained that money has deprived them of the opportunity to partake in Bitcoin, after getting the knowledge of how the currency works, please my advice to every Bitcoin enthusiast is that no knowledge is a waste, you may not have the money to invest today, but learning about this technology is the first stage you have to cross in other to get the main thing.
So the other stuff which is money becomes secondary, continue pushing, any day you get the funds to invest in your own time, stop limiting yourself by not being prepared before the money comes will be considered as the greatest mistake, be yourself don't be in a hurry more things may unfold before you invest maybe you might be lucky bitcoin for one bitcoin for everyone.

When I joined this forum in 2017, I didn't join with any money with me, as I was still an undergraduate but my mentor introduced me to this forum knowing that and things were pretty good then because I joined many airdrops and did many signatures for a year which earn me five figures as at then before I sold the coin to invest in bitcoin. It's a matter of diligence, money will come and you will invest.

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Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,

In addition to many people's illusion that bitcoin will soon be accepted globally. Many people are still delusional and spreading false information about bitcoin like it is a tool to help alleviate poverty, reduce unemployment or will help the world economy prosper...too much exaggerated news is unnecessarily being spread. I think this also contributes to the fact that many people understand bitcoin well but still hate it because they are realists and like the truth. We spread misinformation like we are turning bitcoin into a Ponzi scheme that makes many people dislike bitcoin, dislike bitcoin community.

...snip...but I also believe it's doing relatively well, because I know stuff like this takes time but we should also not delude ourselves into thinking Bitcoin will be accepted globally anytime soon. We just have to keep playing whatever small part we're playing however insignificant it might seem.

Unlike what many people always say, I personally think that bitcoin is doing great in terms of adoption. Rarely will you see anyone who uses the internet that have not heard about Bitcoin. Many people have heard about bitcoin and many also understand that bitcoin is not scam.

Talking about technicality of bitcoin, it is true that not everyone understands the technical aspect of bitcoin but the most important thing is that you do not need the technical knowledge of bitcoin in order to invest in it. Knowing how to send and receive bitcoin is OK for anyone who wants to invest in bitcoin.

Unlike what many people always say, I personally think that bitcoin is doing great in terms of adoption. Rarely will you see anyone who uses the internet that have not heard about Bitcoin. Many people have heard about bitcoin and many also understand that bitcoin is not scam.

Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,

even funds to invest but for sure many of them want the knowledge to prepare them for future possible investments.

Starting any business, whether in real life or with Bitcoin, requires a combination of knowledge and financial resources. Both elements are essential for success. Without knowledge, money alone is insufficient, and without money, knowledge alone cannot enable you to initiate a business venture. Therefore, the same principle applies to Bitcoin. Engaging in Bitcoin investments requires both expertise and capital. It is crucial to educate oneself about Bitcoin, particularly its technical aspects, in order to effectively embrace the technology and capitalize on its potential for financial gain. Neglecting this educational aspect may lead to regrettable consequences down the line.