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Topic: "Everyone already knows about bitcoin" no.. no they do not.. - page 23. (Read 14833 times)

sr. member
Activity: 602
Merit: 252
Of course it isn't necessary at all that anyone and everyone may know about Bitcoins. There are also people who carry out most of their transactions in cash and would have no clue what a cryptocurrency means. You can't blame them either its not even their fault.
sr. member
Activity: 406
Merit: 252
Veni, Vidi, Vici
I told your friends about Bitcoin and parents, but no one believes him, thinking that this is an unnecessary dummy
maybe they're not too concerned about the function bitcoin what you say, or do you give him only a bitcoin just a currency. so that they are not interested in bitcoin?
Maybe what you can do is teach them properly. Not just tell them about it. Of course the very idea of bitcoin would really be hard to grasp, specially when it is there very first encounter with digital currency. A brief explanation like tell them what it can do and what are the basic features that would be an advantage over fiat currency.

I think its useless trying to teach people about bitcoin, they will never see the point as long as fiat currency works as expected. Except niche cases, in the first western world nobody needs bitcoin. Why would they? they can use digital dollars and euro and get anything they want.

Until the governments remove physical cash, bitcoin will remain as a speculative asset to most of the developed western world, but for chinese, Argentinian, Venezuelans etc it is a vital way to move their collapsing wealth out of their countries.

Sooner or later we will see the necessity in the western world and that's when bitcoin explode to 1 million per coin.


I have a completely different position. I am confident that is very useful for people learn to use bitcoin. There is no need to learn all the technical details; only the basics. Bitcoin is not only for western world. On the contrary I would say that has more benefits for other countries. China, India and Venezuela do not belong to western world, do they?
legendary
Activity: 1372
Merit: 1252
I told your friends about Bitcoin and parents, but no one believes him, thinking that this is an unnecessary dummy
maybe they're not too concerned about the function bitcoin what you say, or do you give him only a bitcoin just a currency. so that they are not interested in bitcoin?
Maybe what you can do is teach them properly. Not just tell them about it. Of course the very idea of bitcoin would really be hard to grasp, specially when it is there very first encounter with digital currency. A brief explanation like tell them what it can do and what are the basic features that would be an advantage over fiat currency.

I think its useless trying to teach people about bitcoin, they will never see the point as long as fiat currency works as expected. Except niche cases, in the first western world nobody needs bitcoin. Why would they? they can use digital dollars and euro and get anything they want.

Until the governments remove physical cash, bitcoin will remain as a speculative asset to most of the developed western world, but for chinese, Argentinian, Venezuelans etc it is a vital way to move their collapsing wealth out of their countries.

Sooner or later we will see the necessity in the western world and that's when bitcoin explode to 1 million per coin.
legendary
Activity: 1554
Merit: 1054
advantages involved.... And what it can bring in the future
The best feasible way of making people interested into bitcoin must be explaining about the investment opportunities of bitcoins. I guess 99% of people will get interested into a high potential investment opportunities.

I think many don't really understand what Bitcoin is, and how to go about it
Practically we cannot make people to understand about bitcoin unless they themselves start shows interest. Fortunately Satoshi had included the investment characteristics with bitcoin and we need to make use of it properly.
hero member
Activity: 882
Merit: 506
I told your friends about Bitcoin and parents, but no one believes him, thinking that this is an unnecessary dummy
maybe they're not too concerned about the function bitcoin what you say, or do you give him only a bitcoin just a currency. so that they are not interested in bitcoin?
Maybe what you can do is teach them properly. Not just tell them about it. Of course the very idea of bitcoin would really be hard to grasp, specially when it is there very first encounter with digital currency. A brief explanation like tell them what it can do and what are the basic features that would be an advantage over fiat currency.
hero member
Activity: 1190
Merit: 500
I told your friends about Bitcoin and parents, but no one believes him, thinking that this is an unnecessary dummy
maybe they're not too concerned about the function bitcoin what you say, or do you give him only a bitcoin just a currency. so that they are not interested in bitcoin?
hero member
Activity: 1316
Merit: 514
Yes not everyone knows about bitcoins, and not everyone is ready to accept bitcoins as a real monetary currency. its up to use to spread the uses of bitcoins and its advantages of using it
sr. member
Activity: 338
Merit: 250
Here most people have heard about it and the blockchain technology has passed the news several times.
But having heard about it and knowing what it is, is different. People here do know the value and the unpredictability of the currency, from which I think it is holding them back to look deeper in it.

I agree with what you said. People may know about bitcoin but are afraid to use it mostly due to the fluctuations in price. They still do not consider this virtual currency to be safe and it will take some time before they trust it.
sr. member
Activity: 280
Merit: 253
I think many don't really understand what Bitcoin is, and how to go about it....and advantages involved.... And what it can bring in the future
I think this is true. I would add that even people on this forum have no clue how it works. Not everybody has to know all the details about Bitcoin and its technology, but if you are going to talk to people and tell them to put money into it, then you should know what you are talking about. And many just do not know and still tell everyone and this is bad for Bitcoin.
sr. member
Activity: 334
Merit: 250
I think many don't really understand what Bitcoin is, and how to go about it....and advantages involved.... And what it can bring in the future
hero member
Activity: 770
Merit: 500
I told your friends about Bitcoin and parents, but no one believes him, thinking that this is an unnecessary dummy
currently most of the people do not believe on bitcoin but in fact they do not know the importance of bitcoin, hope that a time will come when all the people of the world will start using bitcoin as crypto currency.
sr. member
Activity: 434
Merit: 250
I told your friends about Bitcoin and parents, but no one believes him, thinking that this is an unnecessary dummy
sr. member
Activity: 448
Merit: 250
Americans do it better
No they don't. There are people who live off the grid that don't even watch the media or have very much contact with the outside world. They have never even touched the internet.
There are people like that you do know.
hero member
Activity: 1078
Merit: 514
Of course not so much people know about bitcoin. In the all mass of people there is just like 2% people who use bitcoin. And that is not surprisingly. Bitcoin as technology doesn't provoke so many interest from ordinary people. And only bitcoin as money is interested to the most number of people. But it's new and not so known. So bitcoin will need couple more years to people start to talk about it in  a daily talks.
hero member
Activity: 910
Merit: 525
Every time I go to the bank I like to ask them if they have heard of BTC, most of the time the answer is no.   
I do ask a lot of people about BTC.. a restaurant near me.. near ish use to accept it as well, I asked to pay with it, they said it no longer exists.. .... ...

Most people I find still have zero idea what BTC is unless they are friends with the likes of us.. I don't think we are even in early adoption stage.. we are in "the chasm" .. it would appear we are going to survive though... appear anyways..

I dunno just something I have taken note of. 

Pretty much everyone that has heard of it assumes it's worth like 5 cents and shits themselves when I say it's $1k (Cad) .. we are in very interesting times with BTC.

Hey where are you from?
Me too here, in my place bitcoin is like nothing. No one ever heard about bitcoin. But in some local forums, they talk about that.
I really don't understand why just me here knowing about this legit commodity to trade. Peoples should know about bitcoin more.
hero member
Activity: 966
Merit: 517
In my place even some of the software engineers do not know about bitcoin. Mostly those people know about bitcoins who are online earners or who were the PTC users once as people from those PTC sites found in advertisements about bitcoin and then they started to work for bitcoin.


Same here, I know some serious smart people in the computer development industry and they have not heard about bitcoin... let alone the average joe out there. Im sure that I can go out right now and ask 100 people, and not a single one will know what bitcoin is. Only a small % of the population know what bitcoin is, and only a SMALLER portion of that same % actually owns bitcoin. The exposure is insanely tiny. Anyone owning ONE satoshi is already a pioneer.
In that case you need to inform them about bitcoin if you know that in your area some people do not know about bitcoin then you have to tell them that there is a new currency which is much stronger and better than all other currencies and in the future that will be the global currency and teach them about the benefits of today time.
legendary
Activity: 1204
Merit: 1028
In my place even some of the software engineers do not know about bitcoin. Mostly those people know about bitcoins who are online earners or who were the PTC users once as people from those PTC sites found in advertisements about bitcoin and then they started to work for bitcoin.


Same here, I know some serious smart people in the computer development industry and they have not heard about bitcoin... let alone the average joe out there. Im sure that I can go out right now and ask 100 people, and not a single one will know what bitcoin is. Only a small % of the population know what bitcoin is, and only a SMALLER portion of that same % actually owns bitcoin. The exposure is insanely tiny. Anyone owning ONE satoshi is already a pioneer.
hero member
Activity: 770
Merit: 500
In my place even some of the software engineers do not know about bitcoin. Mostly those people know about bitcoins who are online earners or who were the PTC users once as people from those PTC sites found in advertisements about bitcoin and then they started to work for bitcoin.
sr. member
Activity: 686
Merit: 253
i think nowadays a huge number of people know about bitcoin because bitcoin is modern currency and bitcoin getting much more popularity day by day so bitcoin users increasing too much faster.

That is correct, a lot of people don't know about bitcoins but the few that know are gradually bringing many into the known and I believe it will take quite some time for it to sink deep into people's heart. In a nutshell I'd say it is fairly known.
member
Activity: 97
Merit: 10


Most people don't know about Bitcoin. And most of the people who know that there is something called Bitcoin, don't actually know what it is. It's something that they've seen talked about on TV, at times when Bitcoin makes big gains in value. And especially older generations, they just think of it as some high tech stuff that they rather not even try to learn about.

For more people to learn about Bitcoin, they would have to see it more often and become familiar with it. For example, if a lot of the ATMs have the Bitcoin Logo, or when people make payments in a shop or restaurant, if they see the Bitcoin sign, they'll start thinking about it as some other method of payment, just like Dollars or Euros.
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