Topic: Is bitcoin really not for everyone? - page 5. (Read 850 times)

I believe that even if the government is legal and accepts it, there will be people who don't like bitcoin, not everyone likes high volatility, not everyone likes decentralization and self-storage of own assets...The society is colorful and colorful, not everyone has the same thoughts as us. So don't blame the government in this case, it's simply down to individual preferences and needs.
Nothing in this world is absolutely perfect, and bitcoin is no exception, some people will like it and some will not, we need to accept that fact.

I think bitcoin is for everyone, but not everyone is suitable for investing in btc, for example, people invest in btc but lack knowledge which ends up suffering losses because as we know the price of btc fluctuates, so btc is very suitable for people who invest their funds in btc using money that is ready lost. so basically investing in btc is perfect for people who know about btc and know which money is the best to invest.

Indeed, its something that represents the very essence of decentralization and freedom, and its beautiful, in a way. The intrinsic right to access Bitcoin, irrespective of who we are, where we are from, and what we know, gives it a sort of poetic justice in the world of finance, doesnt it?

However, caution is to be taken by those new to the investment world. You've rightly pointed out that Bitcoin investment isnt for everyone. Still, some find this warning rather puzzling. Bitcoin, being high-risk, should be a playground for the adventurous! Yet, those very adventures, sometimes are what lead to the unknown losses.

But shouldnt education about Bitcoin be the priority? Its like a garden filled with flowers; everyone can appreciate it, but only those with knowledge can truly understand the nature of the blossoms. Sometimes, learning about Bitcoin is not unlike learning about flowers, and perhaps its time we acknowledge that education is the key. Uneducated people can join Bitcoin, but the educated thrive.

Everyone can use and own Bitcoin, but it depends on their interest in owning it. If they are still not interested in Bitcoin, we shouldn't force them because owning Bitcoin is an individual decision. Let them find their own way and if they are interested in Bitcoin, they will learn more about it.

If you think it's not easy to convince someone about Bitcoin or educate someone about Bitcoin, so be it, don't waste your energy to meet people like that. What's important is that we can continue introducing Bitcoin to people willing to open their eyes to accept new things like Bitcoin so that we can teach or provide explanations according to what we know.

So Bitcoin is not for everyone but for people willing to accept it. So don't force those who don't want to accept Bitcoin to start accepting it because they will be resistant. Let them come to us and then we can explain in more detail what we know about Bitcoin.

Yes Bitcoin is not for everyone. But only those who are suitable for Bitcoin are those who are related to Bitcoin and have good experience and knowledge about BTC. Bitcoin investment is not for everyone those who are not in good financial condition will never use this virtual currency, but only those who are in good financial condition are interested in investing in Bitcoin. For example, if I don't have money and my family runs out of money to cover the deficit, I would never consider investing in Bitcoin. Because of my financial problems due to which I am not able to invest in Bitcoin even though I am involved with Bitcoin, nothing can ever be done without money. Even if a person likes Bitcoin and cannot invest in it due to financial problems, if he invests in it by taking a loan, he must be exposed to a huge risk. So one should invest only after having experience about Bitcoin and the volatility of the market and then do not take any risk as the market does not go up all the time. And trying to educate those people who have financial problems about Bitcoin, if they don't have money, I don't think they will be limited to Bitcoin at all.

Yep, you got a point here, but for the current situation, I can say that Bitcoin is not for everyone, and that's why no one is forced to use Bitcoin, Bitcoin is just an alternative to what we have now, fiat currency.
Bitcoin was created to become a payment method, we can already see these days that Bitcoin is being used for its purpose.

Satoshi created bitcoin with the intention that it will be used by everyone as another kind of global payment system.  It is designed for everyone, young or old, without regard to age or gender. It's only that because of how the media and the government portray bitcoin to the public, the majority find it difficult to believe, lack knowledge of it, question it, or think of it as a Ponzi scheme.

It will now be our responsibility as those with the necessary knowledge of bitcoin to attempt to educate people on the fundamentals of bitcoin without ever pressuring them to invest.

Prevent someone from getting involved in bitcoin is possible, nothing is impossible - an example would be if Kim Jong-un prevent you. But sorry - I was just kidding.

Investing in bitcoin clearly carries a high risk - of course not only because of the price volatility but also about how you secure your bitcoin. Besides, not everyone who understands risk will choose bitcoin as an investment asset - that's because they don't like high volatility compared to other investment assets. They are not forced to join bitcoin - but bitcoin is always open to anyone, whenever they change their mindset.

Bitcoin isn't suitable for everyone. Those who should get involved with Bitcoin are those who possess sufficient knowledge about it and also have the financial means to invest. If you lack the funds to invest or are primarily using your earnings for essential family expenses, then Bitcoin may not be the right choice for you. This is due to the potential for Bitcoin's price to decline, leading to potential regrets if you invest funds meant for daily needs. If someone has the financial resources, you can educate or inform them about Bitcoin, but if financial constraints are present, Bitcoin may not be the right fit.

Basically everyone has the same right, so everyone can join Bitcoin. It is also decentralized, how we can prevent certain people to join it? It is impossible.  

But since Bitcoin investment is high risk, people who have lack of knowledge and have weak mentality shouldn't join it because it is too risky for them. There are already many people become stressed because of investing in Bitcoin, they don't understand how to invest properly so they only get huge losses. They want instant profits and they think it is easy with Bitcoin. In fact, Bitcoin investment isn't as easy as they think.

Anyway, it is actually a suggestion only. It can't prevent people to join Bitcoin. Practically, both educated and uneducated people can join Bitcoin although they probably get a different result at the end.

Bitcoin can only be enjoyed by those who have a lot of money and those who have a high level of effort to get Bitcoin by working or otherwise, because, as you have explained, ordinary people who do not know technology will find it difficult to use and have Bitcoin because, when making transactions, you have to be careful with addresses that have very random writing, so you have to be careful when using Bitcoin because if the address is wrong, it can't be returned, so you can say that Bitcoin is not for everyone because Bitcoin has special characteristics that make people have to understand him.

I would say Bitcoin welcomes everyone who wants to invest and make use of this as a currency but it doesn't mean that we are forced to do it. That is why there is what we called "not for everyone" because many people are still not convinced about the potential benefit of Bitcoin, they're still doubtful and think that this is a big scam thing. We have the freedom to invest or adapt Bitcoin and it must be for our own good well. In fact, some have tried but they have also quit because of some market misunderstanding and losses.

Bitcoin is for everyone and yet not for everyone.
The technology is open to everyone to embrace and relate with, but the sad reality is that not everyone will embrace it.
No matter how interesting you sell the information about Bitcoin, there will still be people who will never want to have anything to do with it, especially in developing countries. They will see it as another way of you wanting to steal their money.

Yes. It’s definitely not for everyone but everyone is free to engage and own bitcoin. As freedom speaks on itself, then we are free to take advantage every bitcoin opportunity that comes. Some may go for it instantly, while some may have doubts and may hesitate at first if bitcoin can be a reliable source of investment, or just another too good to be true that will definitely end as a big scam. So if this is their mindset, which I think very common for beginners, then they will never be successful with bitcoin if they never put their faith and passion to it, and is never brave enough to take high risk with bitcoin.

This is true, I agree that education about bitcoin is very important, if it were not, as it is intended that people can be prepared for what bitcoin itself is, we must take advantage of the information that is currently handled about this asset, It helps users who want to enter this world too much, allowing them to be prepared and conditioned for everything that investing in this currency implies. I also understand that this scrutiny cannot be done in the traditional way as we are used to from childhood, since innovation should come with more innovation, the best way for people not to get bored and lose interest in this topic is with practical results, where they can observe and experiment with theoretical bases all the good that bitcoin can bring you, this as a result throws the answer to the question that OP raised, and that is that at the moment bitcoin, it is not for everyone !!, we are independent individuals whose Free choice causes to find disagreements and therefore not everyone chooses to use bitcoin and its methods to increase their capital, or because it is not in their capacity to do so.

Now, I would like to emphasize my comment that “at the moment bitcoin is not for everyone!!” …and it is for the simple reason that even governments do not want to get involved with this decentralized asset, which causes more people to be unwilling to try it, when this changes the majority will turn in favor of bitcoin, and even if it happens this, will still exist  those who are not in favor, it is a complicated issue, since it involves many factors for this currency to become fully adopted and it takes a long time to be able to see this

Every people have their taste, and belief and often times they don't stay the same.  I think same statement applies on Bitcoin.  Although Bitcoin is free to sue by everyone, not everyone is capable enough to use Bitcoin due to some reason like having no gadget to use Bitcoin or having no money to buy BTC.  Another major factor is the lack of the access to internet such as remote area where implementation of communication technology is very slow.  And those who prefer to use fiat money until their last days.

So with that I can say that people have choices to use Bitcoin but for sure many of them will stay in using fiat money because they find it more comfortable.

Even though Bitcoin was actually created for everyone without "exceptions" but in my opinion logically the sentence "Bitcoin is not for everyone" is true, the reality is that Bitcoin is not for people who don't believe or think it's just a scam, Bitcoin is not for people who don't care about benefits and advantages of Bitcoin has, Bitcoin is not for someone who is not ready financially and confidently to adopt it.
Not everyone can own and adopt Bitcoin because this depends on the conditions and choices of each individual.

Providing and spreading education or knowledge about Bitcoin actually is good for opening the minds of people who don't understand the benefits and advantages that Bitcoin has, but it's not easy.
If talking isn't enough, yes, of course it will never be enough or optimal if it's only "theory" or only giving explanations or education to many people about Bitcoin. Not everyone is willing to take existing risks and because everyone's condition is different, there are those who are "able" but "not ready" and there are also those who are "ready" but "unable".
And most of the general public will easily believe and follow if they are presented with real evidence that they can see and feel right away, right?.

From what I've read, I haven't met any writing that states Bitcoin is not intended for everyone. What I know Bitcoin was created for everyone and all walks of life. I can say that the opinion you see is wrong.

It seems that information about Bitcoin has spread everywhere through various media platforms. This makes it easy for people to find out more specifically for those who are willing to learn.
The type of information about Bitcoin that is spread may be some that are cornering and some that are good.
In educating people about Bitcoin, I agree with those who say there is no need to do it because the information that has been spread can be an assessment in itself for learning and avoiding being blamed when the desired goals are not achieved.

Nothing is for everyone, every individual has their own interests which can be vastly different.

Even though Bitcoin is made for anyone to use and the community is mostly beginner friendly, not everyone will be interested in it. Yes, education and adopting could help with more people stepping in since they could understand Bitcoin and it's use more clearly, but there are people who wouldn't do anything even with the knowledge acquired. Not everyone needs Bitcoin for the features it has and not everyone is into investing, it's just a personal choice and even if it is a wrong one, it shouldn't be forced upon.

Bitcoin could help everyone and anyone, the people just need to want it. The rest is easy, to teach and to learn.

Only for people who understand its advantages and benefits as a digital currency and as a volatile asset. It is easy to know what Bitcoin is but it would take not a single day or week to fully understand it. If Bitcoin and this technology will be exposed to wrong set of people or individuals who are more in doubt and suspiscious of this technology, we cannot expect for a better future in this industry. All things to spread naturally. We should not force other people towards this industry and rather wait for them to have the initiative to engage and let their curiousity be fed by information. They'd be biased of its downsides more than the pros of this technology or blockchain which will just yield to dissatisfaction afterwards with the outcome.