Topic: Is bitcoin really not for everyone? - page 6. (Read 919 times)

Like its current status around the world, BTC should not be forced to someone who is not interested with it at all. This also applies to people, despite knowing its potential and opportunities, who really avoids transacting in BTC in the market.

There was a thread which discussed the possibilities of explaining the fundamentals of BTC to a stranger or even a kid. While it may be noble to let anyone understand BTC, it is really not for everyone and you cannot just shove it directly to others and expect them to actually have interest on it.

To conclude, just like any possible investment or idea, nothing is permanent. Meaning, no idea is perfect; there will always be a group of people who hate or just refuse to use BTC despite knowing its positive effects.

People need to be educated about Bitcoin but we can't force them to learn, if they say NO why must we keep trying to confuse them? Just like you said, it's not going to be easy for many people to accept Bitcoin and that's because we are living in a world where we are raised in a centralized environment, we follow rules and regulations from the government, and they keep the country from falling apart, now Bitcoin was thrown at their faces, something that's created to be free from the same centralized environment that people grown from, it's surely going to be hard.

I saw a reason to break free from that same centralized rulers and Bitcoin seem to be the perfect thing close to what I desire, if people are going to accept Bitcoin it will be because they can make money from it, but if their government tell them that Bitcoin is bad they will stay away, it's this simple, instead of trying to confuse them, the time will come where they will be the ones rushing into Bitcoin.

Bitcoin is not individualistic it is holistic i think. I think everyone has a right to be involved in Bitcoin. Although There has some problems from government restrictions. But day by day they are being positive considering it’s necessity. Where still Bitcoin restricted There too many people involving quietly. Moreover small investors and Big investors all has right to involve here. I know some small investor who are investing on bitcoin from his salary, and they investing here regularly. I think after certain time they will aslo be a big investor. Both big investors and small investors are coming here. So i think bitcoin is really for everyone.

Bitcoin is open to everyone just depending on the acceptance of individuals. Middle-aged people may have the best understanding of Bitcoin because they have the highest capacity to receive Bitcoin in any way you can. There are many traders who convert fiat money into Bitcoin without depositing it in the bank. Buying bitcoins with fiat money keeps the key with you and can be used whenever you want and helps you accumulate money.
If you accept bitcoins then the bitcoins are yours. But if you don't accept Bitcoin then Bitcoin is not yours. You can criticize Bitcoin in front of everyone because then if someone shows interest then he should be interested in accepting Bitcoin. But I like to discuss Bitcoin locally so people can know the community about Bitcoin and understand the correct information.

Bitcoin can be for everybody, but it won't be for everyone. Not everybody will accept Bitcoin and that's fine. You can't force people to accept things that they don't want to. Doing that will go against what Bitcoin stands for. If you can go about preaching the gospel of Bitcoin, then fine, but I don't think that's the way forward.
Educating people on Bitcoin is the reason why this forum exists.
I believe people should find their way when Bitcoin is involved. They don't need to be coerced.

Bitcoin is not meant for illiterates. Bitcoin is meant for those who can navigate the internet and bitcoin is not meant for the fearful ones. Bitcoin is meant for those who can browse the internet with mobile phones, laptops, desktops and other internet devices. There are some youths I was trying to introduce bitcoin to but all my efforts were null and void because they are 100% illiterate so there is no way I can teach them with bitcoin and they do manual labour to feed themselves. Such farming, cutting grass for neighbors, and other domestic works. Then I came to the understanding that bitcoin is not meant for everyone. Those who are afraid to take risk can not involved themselves in bitcoin because they are afraid to loss their money, and also thinking that they would be scammed through the investment. I told a lecturer about bitcoin and she told me that they would scam her so she will not invest in it so I have to leave her alone.
I still believe that bitcoin is not meant for everyone because it is not the physical cash one can easily use to get what they want but it is a digital currency and not everyone is good with the ICT.

I don't think that education should play a role in wether someone should own bitcoin or not. Of course it's a good thing to fully understand crypto currencies and bitcoins before buying them, but even people that have no clue get advantages from owning bitcoins. Just compare it to stocks, I think everybody would agree that owning stocks makes sense for longterm investing. And even in the case when someone has no clue about stocks and the companies behind them, owning ETFs or investment funds is going to make a much better return than a savings account. The same holds true for owning bitcoins, the long term profit from bitcoins are visable and everybody can profit from them. The key to building resilient portfolios is to diversify in a large number of different assets, cryptos should definitely be a part of it.

Everyone is able to buy and use Bitcoin, but it requires at least some research and learning. And not everyone wants to do that, so I don't think Bitcoin will go global anytime soon.

I dont know who said that bitcoin isnt for everyone but considering its decentralized nature, it can be for everyone. Yes it is being purchased with real money but it doesnt mean you cant buy one at a small fraction isnt it? Its not like a premium item like louie vuitton whose not really for everyone since its an expensive product. A tech like bitcoin should be spread and dessiminate for everyone.

Since we came from a lot of different backgrounds, it’s possible that other people will understand or grasp the concept of bitcoin much easier compared to others. However, this doesn’t mean that the ones who don’t understand it should give up already. You don’t exactly need a degree relating to economics or technology (altho ofcourse it’ll help) to understand btc and investment in general. Like you said there are some of us who are in developing countries where cryptocurrencies isn’t part of the norm but i think if properly educated about the way btc works, anyone can succeed in it. Anyone who is willing and hardworking, that is.

Haters gonna hate. I had told some people about my stories with Bitcoin, not for profiting from it but the freedom it can give but that's where I know that even when it comes to money, some people would still be close-minded. Not that I am forcing my knowledge into them anyway, and I am not even aiming to get followers, just plainly saying that it could be interesting to them.

I can imagine what more if I told them about investment. I guess it could be other way around for the outcome. It's definitely not for everybody just like how credit cards do not fancy all.

As of now, Bitcoin remains open for adoption by anyone, but certain governments of specific nations have chosen to impose restrictions on its usage. If we were to reverse the question and ask, "Will everyone adopt Bitcoin?" you might reconsider the title you have chosen.

In our current reality, we coexist with the rich and the poor, the intelligent and the less knowledgeable, the young and the elderly. Humanity's diverse backgrounds serve as another constraint that prevents a pure, universal adoption of Bitcoin.

Indeed, anyone is welcome to adopt Bitcoin, but regrettably, there are still some individuals who, due to various circumstances, cannot partake in its adoption.

Bitcoin is not for certain people i.e. everyone can use Bitcoin if they want. No one can stop you from using Bitcoin whether you know about Bitcoin or not. That's why everyone is asked to acquire adequate understanding or knowledge about Bitcoin so that they can protect their Bitcoins properly. I have money I bought bitcoins with that money but if I can't protect the bitcoins then that bitcoin purchase will have no value. Right now I think people in developing countries are also currently using Bitcoin. Since Bitcoin has no specific limit, people from any country in the world can use Bitcoin.

Bitcoin can be used by anyone and its creation is supposed to be the freedom of transaction where any person can do a transaction without the mediation of a third-party financial institution but whether Bitcoin is for everyone or not can be answered by people's preference.  I also agree with what @OP had cited that adoption is a process, people may not understand and don't accept Bitcoin today but somewhere along the way, these people will start learning and using Bitcoin due to circumstances.  Bitcoin is for everyone to use but people has the right and freedom to choose which of the existing currency to use.

Bitcoin is for everyone and the time taken by each individual vary based on the level of understanding as well as their financial situation. If a person was a victim of some ponzi scheme/pyramid scheme and had lost much of money, and we introducing bitcoin to them will surely make them into dilemma whether to believe it or not.

Bitcoin is for everyone, because of the denomination it is possible for everyone to invest/buy based on their affordability. The high price makes the unknown have a thinking that bitcoin is for the rich ones which isn't the reality as there are more possible ways through which one can increase the volume of holding.

Bitcoin has now progressed beyond that point. You don't have to go around with placards and speakers explaining what bitcoin is. We live in a technological age where you can watch anything that is going on in the world from the comfort of your own home. If people do that, it's OK, but it sounds like additional stress to me because some would regard it as forcing them to come and join bitcoin rather than them doing it on their own volition.


People are free to make their own decisions and to think carefully about them, especially when it comes to money. You can only tell and advise, but utilising some of the benefits of bitcoin as a persuasive tactic to draw people into bitcoin is extremely risky because their expectations may not be satisfied, causing them to lose interest completely. It is a gradual process, and no one should be pushed into investing in bitcoin.

Is there ever a thing that's for everybody? Nope, there isn't. So, why make it look like it's an aberration if Bitcoin isn't? When we see it from that angle then we should know that this wiping up unnecessary sentiment for Bitcoin is uncalled for.

Don't beat yourself up on that and think it's because your part of the world is uncivilized and uneducated that's why. Even in America with all its civilization there are people who don't accept whatever Bitcoin stands for. I guess it's a mindset thing that we choose whatever we think benefits us. Years to come, there are people even in China who will tell you they haven't heard about Bitcoin, let alone accepting it.

Bitcoin gives everybody an equal opportunity to own or use it but everybody can't access it because of some factors. These factors are the reason why Bitcoin is currently not for everybody. Some of the factors are:
1. Illiteracy: In developing nations, the majority of its population are illiterate. Most of them can't even read or write. So teaching such people about Bitcoin will be a waste of time because they would not understand anything.

2. Preference: Using or investing in Bitcoin is by choice and not by force. Some people prefer using fiat and investing in other sectors. I have seen people that don't want to hear anything about Bitcoin or other altcoins. The reason is that they don't have interest. This set of people doesn't have any interest in Bitcoin, so it is not for them.

3. Government policies: If the use of Bitcoin is illegal in my country, Bitcoin is not for me. Some countries have criminalized ownership and use of Bitcoin. Persuading such a person to buy Bitcoin is like encouraging him to commit a crime.

4.  Poverty: A poor man is only concerned about how to satisfy his basic needs and not how to invest. All he wants to hear is how to get money to buy food, clothing, or pay house rent. When his income is not enough to meet his needs, he will not listen to your Bitcoin lectures. Even if he listens, he has no extra funds to buy.

Nobody is stopping you from engaging in a Bitcoin awareness program because the community needs all the publicity. But as long as Bitcoin is still not a global legal tender, it is not for everybody.

Do you think education is enough? let's imagine I know Bitcoin, how it works, exchange, wallet, seed phrase, node, code and anything about technical. But I'm poor and I don't have any money to invest, so how can I own Bitcoin? You might argue you can offer your skill and get paid directly with Bitcoin, but that's not the point, you're must need money to buy Bitcoin.

It need both of knowledge and money in order to start your journey as Bitcoin adopter.

but if you want to live discreetly about your crypto life, there's no need to show to everyone that you're doing good in this industry.  nowadays, people have so much advantages when it comes to gaining information as you only need to put your keyword to search for basically anything under the sun. so if one is indeed interested on any topic or subject, he can easily obtain such info. but should know if the site is giving legit or fake info.
this market is not for everyone, especially for those who have no patience in understanding what this market or this new tech really is. if they are here for quick profit, more then likely, they will exit this market broke and accusing that this one is fraud.