Bitcoin is not for everyone, but is for everybody, because the world is moving towards digital and technology where everyone buy or sell products online or make a purchase payment online, which is Bitcoin has a roll to play, mostly develop countries that has internet service. In other words if Bitcoin was not used by a person now, have in mind next
generation will be using Bitcoin either believe it or not.
Topic: Is bitcoin really not for everyone? (Read 848 times)
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Bitcoin is for everyone who cares about their financial future, especially to have it more in their hands than in the hands of governments and central banks. Everyone to the best of their financial ability.
True, bitcoin and cryptocurrencies are not as simple as it seems. For many experienced users of the forum, this is already familiar and simple, because over the years we have not noticed how many details we have gradually studied, trying to understand cryptocurrencies. But in fact, cryptocurrencies require any person to know many areas, including economics and the ability to use financial instruments, knowledge of exchanges and the laws of price levels. You also need to know English perfectly well if it is not your native language. Plus, you need to know the basics of algorithms, have basic knowledge of the IT sphere in order to understand how blockchain and new projects work. Therefore, bitcoin and cryptocurrencies are not for everyone. This is a complex system that seems simple to us because we already know a lot.
The knowledge you are referring to is necessary for someone to be able to enter the market. It looks quite complicated but I believe that anyone who is really passionate and determined, that knowledge is not something that cannot be learned. Most are just the basics and we can learn on our own in no time.
My brother is a barber, does not know about information technology, is not good at English…but with his passion he is also quite proficient in investing and trading. I don't think it's as complicated as you say.
Bitcoin is for everybody for hose that are interedited, due to the limitations such as not being a computer literate and versatile in knowledge and not really understanding the procedure,processes and how it works.Understanding all these will help you know how the Cryptocurency world works.Everybody cannot be involved at the same time.Bìtcoin transactions are processed by miners using huge amounts of computing power in return for rewardsin form of Bitcoin, seeking permission to buy Bitcoin is prohibited, it is not limited except for those who want to be limited, so anyone who is limiting it from other's is not doing the right thing because Bitcoin is decentralized.
Before now, I've seen some forum members argue that bitcoin is not meant for everyone.
However in their own right, they have some point, but on the other hand, let's look at it from this angle.
For some of us that are from developing countries, is not easy to convince someone about bitcoin or educating somebody about it at first instance and you expect them to accept it wholeheartedly.
They need lots of education and convincing because they do not have an idea of what your saying or what bitcoin looks likes especially for those of them above middle age, because the semantics of bitcoin is a bit different and the approach towards accepting new idea's that is different from the conventional ways they know of, always comes with some level of resistance.
To a large extent you can even argue that some of our leaders in government don't have an idea of what this innovation is all about hence the few restrictions here and there.
So for me, no amount of educating people about bitcoin is enough, if an individual has the energy to go round his community to talk to people about bitcoin, I think is a welcome development, as long as his giving them the right knowledge on bitcoin education.
In telling people about bitcoin, even if they don't seem to accept it at first, you will see a good number coming to pick interest much later. Just because a person didn't accept your idea presented to him immediately doesn't perfectly mean he has totally rejected for at some point in life he might find reasons to give the idea a try even without you knowing about it. Let's keep the ball rolling bitcoin is here to stay.
Bitcoin is for everyone who sees it as a good way and accepts it, but we can still say that it is not for everyone. The majority of people out there who believe that Bitcoin is a good way to invest still lack the funds to begin investing, so you can see that Bitcoin is probably not for them. There are also many people who even have a lot of money to invest in Bitcoin but lack knowledge and trust, as they all perceive it as a scam.If you look at it, most governments consider Bitcoin to be illegal, which makes it difficult for the nation's youth to start investing as they see it. In most countries, if they learn that someone is in possession of Bitcoin or other investments, they will be put in jail. This is the reason why bitcoin is not meant for everyone. However in their own right, they have some point, but on the other hand, let's look at it from this angle.
For some of us that are from developing countries, is not easy to convince someone about bitcoin or educating somebody about it at first instance and you expect them to accept it wholeheartedly.
They need lots of education and convincing because they do not have an idea of what your saying or what bitcoin looks likes especially for those of them above middle age, because the semantics of bitcoin is a bit different and the approach towards accepting new idea's that is different from the conventional ways they know of, always comes with some level of resistance.
To a large extent you can even argue that some of our leaders in government don't have an idea of what this innovation is all about hence the few restrictions here and there.
So for me, no amount of educating people about bitcoin is enough, if an individual has the energy to go round his community to talk to people about bitcoin, I think is a welcome development, as long as his giving them the right knowledge on bitcoin education.
In telling people about bitcoin, even if they don't seem to accept it at first, you will see a good number coming to pick interest much later. Just because a person didn't accept your idea presented to him immediately doesn't perfectly mean he has totally rejected for at some point in life he might find reasons to give the idea a try even without you knowing about it. Let's keep the ball rolling bitcoin is here to stay.
Bitcoin is for everyone who cares about their financial future, especially to have it more in their hands than in the hands of governments and central banks. Everyone to the best of their financial ability.
True, bitcoin and cryptocurrencies are not as simple as it seems. For many experienced users of the forum, this is already familiar and simple, because over the years we have not noticed how many details we have gradually studied, trying to understand cryptocurrencies. But in fact, cryptocurrencies require any person to know many areas, including economics and the ability to use financial instruments, knowledge of exchanges and the laws of price levels. You also need to know English perfectly well if it is not your native language. Plus, you need to know the basics of algorithms, have basic knowledge of the IT sphere in order to understand how blockchain and new projects work. Therefore, bitcoin and cryptocurrencies are not for everyone. This is a complex system that seems simple to us because we already know a lot.
Bitcoin is for everyone who accepts it so if you accept it, Bitcoin is for you. In contrast, if you don't accept it, it is not for you.
So if you say or want Bitcoin is for everyone, it is unrealistic but use it or not, accept it or not, it is simply personal choice and Bitcoin developers only do their development works. The rest belongs to communit to learn, research, do their choices.
Bitcoin does not care that you like or dislike it, it is here to give everyone a choice to own their keys for their own banks. If you choose Bitcoin, are knowledgeable about basics, you will use non custodial wallets and own your wallet keys.
So if you say or want Bitcoin is for everyone, it is unrealistic but use it or not, accept it or not, it is simply personal choice and Bitcoin developers only do their development works. The rest belongs to communit to learn, research, do their choices.
Bitcoin does not care that you like or dislike it, it is here to give everyone a choice to own their keys for their own banks. If you choose Bitcoin, are knowledgeable about basics, you will use non custodial wallets and own your wallet keys.
Yes, you are absolutely right, Bitcoin is for everyone but it's your own personal choice as you say. If you want to buy Bitcoin you can buy it easily. If you have paper money then you should convert it into Bitcoin.
There's no discrimination to own Bitcoin.
You can buy Bitcoin regardless the color of your skin, your race, your religion, the law in your country, your financial status etc, as long as you have money to buy Bitcoin, it's always possible. It might be harder if your country ban Bitcoin, but there's P2P and decentralized exchange that can help you.
Exactly, each person has the right to own Bitcoin. But there is a country that forbid/ban crypto and Bitcoin, so people who live on the country can't own Bitcoin. In this matter, the possibility of someone who wants to own Bitcoin, depends on where he/she lives as well. So, it is not only about the money, the legality of the crypto/Bitcoin on a country also has a crucial role. Although you have a lot of money, you can't buy Bitcoin if it is not allowed in your country. You can force buying it on DEX, but the government probably confiscate your Bitcoin if they know it.You can buy Bitcoin regardless the color of your skin, your race, your religion, the law in your country, your financial status etc, as long as you have money to buy Bitcoin, it's always possible. It might be harder if your country ban Bitcoin, but there's P2P and decentralized exchange that can help you.
I know crypto is a decentralization space. However, it is not something impossible to track someone's assets. The government always improves their capability to track people's activity related to crypto space. It is too risky investing in something which is prohibited by the government.
If you are in a place where they don't accept bitcoin you don't need to tell people about bitcoin anyone that wants to invest in bitcoin can do their own research about it
Bitcoin is not for any particular group, Bitcoin is for everyone. No one can ban anyone from using Bitcoin, so there is no question of getting blocked from using Bitcoin, because Bitcoin is decentralized. But it is true that there are some people who don't know about Bitcoin and even if someone tries to explain it to them they don't even try to learn about Bitcoin.
I have come across many people like this, I tried so hard to tell them about Bitcoin but they always think negatively. What would you say to those who have this mentality? I also know that such people have little value in coming to the Bitcoin community.
So I also think these negative minded people don't need to come to bitcoin community. If they can acquire the knowledge about Bitcoin then they must be very interested in Bitcoin, but they don't want to use their knowledge in the right place.
I have come across many people like this, I tried so hard to tell them about Bitcoin but they always think negatively. What would you say to those who have this mentality? I also know that such people have little value in coming to the Bitcoin community.
So I also think these negative minded people don't need to come to bitcoin community. If they can acquire the knowledge about Bitcoin then they must be very interested in Bitcoin, but they don't want to use their knowledge in the right place.
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Is bitcoin really not for everyone?
Bitcoin is an investment opportunity for everyone ,but not for those who think they can become millionaires overnight by investing in Bitcoin.Investing in Bitcoin without knowledge is not wrong. This is the reason why people lose everything by investing in Bitcoin. because when he invested in Bitcoin the price of Bitcoin was high and when he withdrew money from Bitcoin the price of Bitcoin was low.whenever the price of Bitcoin goes down,after some time its price goes up even more,so if he hold his investment in Bitcoin for some time ,so he can get quite a good profit. Exactly, each person has the right to own Bitcoin. But there is a country that forbid/ban crypto and Bitcoin, so people who live on the country can't own Bitcoin. In this matter, the possibility of someone who wants to own Bitcoin, depends on where he/she lives as well. So, it is not only about the money, the legality of the crypto/Bitcoin on a country also has a crucial role. Although you have a lot of money, you can't buy Bitcoin if it is not allowed in your country. You can force buying it on DEX, but the government probably confiscate your Bitcoin if they know it.
I know crypto is a decentralization space. However, it is not something impossible to track someone's assets. The government always improves their capability to track people's activity related to crypto space. It is too risky investing in something which is prohibited by the government.
Sometimes even by legality issues comes by, people would find ways just to get a single handful of Bitcoin. Not sure how strict their ISPs are in their countries, but people would sometimes go far as to get a VPN in order to avoid being tracked and/or being blocked by their ISPs from accessing exchanges. My country doesn't ban Bitcoin or any crypto, but sometimes I am legit curious on what people see when they access crypto sites while their government bans it.I know crypto is a decentralization space. However, it is not something impossible to track someone's assets. The government always improves their capability to track people's activity related to crypto space. It is too risky investing in something which is prohibited by the government.
Not everything in crypto is decentralized though just to correct ya there. Lots of stablecoins in the market are centralized.
~Snip
Time is a very important part of this evolution. People changes according to their surroundings. They change, they adapt, they learn. But in that process, the only thing which is common and important is time. Given enough time, people can experiment with things, learn how it works, how to get the best out of it, and what's the easiest way to do everything. In case of Bitcoin, people already got that time. Those who are engaged with Bitcoin, they have found many ways to use, buy, sell, or bring out the best in every aspect. It's just those people who didn't give the importance to Bitcoin. But that's going to change with generation. The more we move towards the future, the more advance we will get. And in that time, everyone will be able to access Bitcoin. And that's should also answer the OP's question. It is for everyone.
It is not that Bitcoin is not meant for everyone. It's the fact that not everyone is willing to accept Bitcoin. I am not gonna argue about that, as this is totally a personal preference. You can not force Bitcoin onto someone. But Bitcoin is open for everyone in the world. If a person chose to use it, they can. There's no boundaries or anything to stop them.
But then comes the topic about understanding the concept and usability. If you are unable to understand how to use it, you can not use Bitcoin. Using Bitcoin is a complicated process. Yeah, it seems quite easy to us. But people who are not technologically advance, they will have a hard time grasping the full concept. Worst case scenario, they can't use it at all. So it is true that Bitcoin is for everyone but not everyone can use it to its full potential.
Our lives are being shaped by technology advancement, and Bitcoin is one example of this advancement. The alphabet is available to everyone, but if you don't grasp the letters or how they fit together, its just nonsense. This is similar to learning to read.But then comes the topic about understanding the concept and usability. If you are unable to understand how to use it, you can not use Bitcoin. Using Bitcoin is a complicated process. Yeah, it seems quite easy to us. But people who are not technologically advance, they will have a hard time grasping the full concept. Worst case scenario, they can't use it at all. So it is true that Bitcoin is for everyone but not everyone can use it to its full potential.
This does not lessen Bitcoin's global appeal, though. Every technological development that has occurred throughout history has initially seemed complicated. Consider this: was everyone able to use the internet when it first came out? No. But over time, with exposure and instruction, it has for many people become as natural as breathing.
It is real. If you dont understand the technology underlying Bitcoin, trying to put the puzzle together can feel impossible. But overcoming that difficulty requires learning and adapting. Maybe it will eventually become as typical as using a credit card as more people learn about it and make it simpler!
It is not that Bitcoin is not meant for everyone. It's the fact that not everyone is willing to accept Bitcoin. I am not gonna argue about that, as this is totally a personal preference. You can not force Bitcoin onto someone. But Bitcoin is open for everyone in the world. If a person chose to use it, they can. There's no boundaries or anything to stop them.
But then comes the topic about understanding the concept and usability. If you are unable to understand how to use it, you can not use Bitcoin. Using Bitcoin is a complicated process. Yeah, it seems quite easy to us. But people who are not technologically advance, they will have a hard time grasping the full concept. Worst case scenario, they can't use it at all. So it is true that Bitcoin is for everyone but not everyone can use it to its full potential.
But then comes the topic about understanding the concept and usability. If you are unable to understand how to use it, you can not use Bitcoin. Using Bitcoin is a complicated process. Yeah, it seems quite easy to us. But people who are not technologically advance, they will have a hard time grasping the full concept. Worst case scenario, they can't use it at all. So it is true that Bitcoin is for everyone but not everyone can use it to its full potential.
Bitcoin is not for the weak minded, timid and easily fainted. Because if they ever invest in bitcoin and they see their money lost or lost, they will never invest here again and some new ones who want to come to bitcoin will discourage and give bad comments about bitcoin. Because they are cowards, they will never invest in Bitcoin themselves and never allow others to invest. And Bitcoin is not for all these people.
This is why before someone want to buy Bitcoin, they must understand what is Bitcoin, how it's work, how to use it, and the purpose beside than making profit. I believe they're not understand about anything and only want to make money through Bitcoin, that's why when Bitcoin goes wrong, they will angry and call Bitcoin is scam. If you're a Bitcoin holder, it's better to avoid those people because it's not good for your mental health.Bitcoin is for everyone because anyone can invest or own it, but the problem is that many people have not researched or done any analysis before investing in it. They think it is easy to make money and after losing they realize that it is not suitable for them. There are some people who will shut up and leave the market but there will also be those who blame bitcoin and refuse to admit that it is their stupidity. Bitcoin is also just a tool created to serve people, and whether we accept it or not is for us to decide, bitcoin cannot decide that.
Bitcoin is not for the weak minded, timid and easily fainted. Because if they ever invest in bitcoin and they see their money lost or lost, they will never invest here again and some new ones who want to come to bitcoin will discourage and give bad comments about bitcoin. Because they are cowards, they will never invest in Bitcoin themselves and never allow others to invest. And Bitcoin is not for all these people.
This is why before someone want to buy Bitcoin, they must understand what is Bitcoin, how it's work, how to use it, and the purpose beside than making profit. I believe they're not understand about anything and only want to make money through Bitcoin, that's why when Bitcoin goes wrong, they will angry and call Bitcoin is scam. If you're a Bitcoin holder, it's better to avoid those people because it's not good for your mental health.
Bitcoin is not for the weak minded, timid and easily fainted. Because if they ever invest in bitcoin and they see their money lost or lost, they will never invest here again and some new ones who want to come to bitcoin will discourage and give bad comments about bitcoin. Because they are cowards, they will never invest in Bitcoin themselves and never allow others to invest. And Bitcoin is not for all these people.
There's no discrimination to own Bitcoin.
You can buy Bitcoin regardless the color of your skin, your race, your religion, the law in your country, your financial status etc, as long as you have money to buy Bitcoin, it's always possible. It might be harder if your country ban Bitcoin, but there's P2P and decentralized exchange that can help you.
Exactly, each person has the right to own Bitcoin. But there is a country that forbid/ban crypto and Bitcoin, so people who live on the country can't own Bitcoin. In this matter, the possibility of someone who wants to own Bitcoin, depends on where he/she lives as well. So, it is not only about the money, the legality of the crypto/Bitcoin on a country also has a crucial role. Although you have a lot of money, you can't buy Bitcoin if it is not allowed in your country. You can force buying it on DEX, but the government probably confiscate your Bitcoin if they know it.You can buy Bitcoin regardless the color of your skin, your race, your religion, the law in your country, your financial status etc, as long as you have money to buy Bitcoin, it's always possible. It might be harder if your country ban Bitcoin, but there's P2P and decentralized exchange that can help you.
I know crypto is a decentralization space. However, it is not something impossible to track someone's assets. The government always improves their capability to track people's activity related to crypto space. It is too risky investing in something which is prohibited by the government.
Before now, I've seen some forum members argue that bitcoin is not meant for everyone.
However in their own right, they have some point, but on the other hand, let's look at it from this angle.
For some of us that are from developing countries, is not easy to convince someone about bitcoin or educating somebody about it at first instance and you expect them to accept it wholeheartedly.
They need lots of education and convincing because they do not have an idea of what your saying or what bitcoin looks likes especially for those of them above middle age, because the semantics of bitcoin is a bit different and the approach towards accepting new idea's that is different from the conventional ways they know of, always comes with some level of resistance.
To a large extent you can even argue that some of our leaders in government don't have an idea of what this innovation is all about hence the few restrictions here and there.
So for me, no amount of educating people about bitcoin is enough, if an individual has the energy to go round his community to talk to people about bitcoin, I think is a welcome development, as long as his giving them the right knowledge on bitcoin education.
In telling people about bitcoin, even if they don't seem to accept it at first, you will see a good number coming to pick interest much later. Just because a person didn't accept your idea presented to him immediately doesn't perfectly mean he has totally rejected for at some point in life he might find reasons to give the idea a try even without you knowing about it. Let's keep the ball rolling bitcoin is here to stay.
However in their own right, they have some point, but on the other hand, let's look at it from this angle.
For some of us that are from developing countries, is not easy to convince someone about bitcoin or educating somebody about it at first instance and you expect them to accept it wholeheartedly.
They need lots of education and convincing because they do not have an idea of what your saying or what bitcoin looks likes especially for those of them above middle age, because the semantics of bitcoin is a bit different and the approach towards accepting new idea's that is different from the conventional ways they know of, always comes with some level of resistance.
To a large extent you can even argue that some of our leaders in government don't have an idea of what this innovation is all about hence the few restrictions here and there.
So for me, no amount of educating people about bitcoin is enough, if an individual has the energy to go round his community to talk to people about bitcoin, I think is a welcome development, as long as his giving them the right knowledge on bitcoin education.
In telling people about bitcoin, even if they don't seem to accept it at first, you will see a good number coming to pick interest much later. Just because a person didn't accept your idea presented to him immediately doesn't perfectly mean he has totally rejected for at some point in life he might find reasons to give the idea a try even without you knowing about it. Let's keep the ball rolling bitcoin is here to stay.
For sure Bitcoin is not for everyone there are going to be limitations even though you really want Bitcoin right, I guess if you really want Bitcoin you can have Bitcoin like if Bitcoin has been banned in your country or something like that if you really want to buy Bitcoin you could find ways on that if you really want it. If they just don't like what Bitcoin is then they don't like it just let it be that way because we cannot really expect everyone to like Bitcoin on what it is because there are always people that are not going to like it that is for sure. Let's just take fiat money even though it is fiat money and we need it there are people that do want the idea of using fiat money, or we bank there are people that are not going to like the idea of banks or don't have any bank account at all.
I think the thing here is just don't force anyone to learn about cryptocurrency or bitcoin if they just don't want to because just like I say not everyone is going to like or want it. The easiest way to teach them is just to give them an idea of what it is and they tell them that they should do the research on their own.
Let us know that Bitcoin was created for everybody, but not everyone will understand and take part in the system of Bitcoin technology. No matter how hard we try to explain to people the importance of Bitcoin, not all of them will believe it. Even though the government legalized Bitcoin as an alternative payment to fiat currency, there will still be those who do not make use of it. I believe that not everyone will make use of Bitcoin because of their level of illiteracy, especially in some parts of some countries.
It is true, many will not be able to understand Bitcoin even if it is explained several times why they do not believe in this monetary change, unfortunately it is a limitation that many people have and cannot face. It still takes a long time for people to be convinced of this but I am sure that when there is good adoption someone will wake up and the new generations will use bitcoin in a very natural way, this is how things go and it will be the same for Bitcoin.
Let us know that Bitcoin was created for everybody, but not everyone will understand and take part in the system of Bitcoin technology. No matter how hard we try to explain to people the importance of Bitcoin, not all of them will believe it. Even though the government legalized Bitcoin as an alternative payment to fiat currency, there will still be those who do not make use of it. I believe that not everyone will make use of Bitcoin because of their level of illiteracy, especially in some parts of some countries.
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