More Awareness needed, 100$ or Bitcoin???

Artem Sereda

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Quote from: JeremyW99 on March 09, 2023, 03:43:58 PM

I remember seeing similar videos where people were offered an ounce of gold or a chocolate bar, and some people took the chocolate bar.
Never underestimate the stupidity of the general population. Huh

The problem here is not stupidity. Financial illiteracy is not the same as stupidity. Well, most people just don't know what to do with gold.

MusaPk

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Quote from: Dr.Osh on March 17, 2023, 07:25:37 AM

I also heard that they have also heard about bitcoin before, but they don't know anything other than that. However, the introduction of bitcoin is now widespread, and most people already know what the real price is but probably don't know how to use it. However, education is still needed to make people like that realize how valuable bitcoin is today.

Bitcoin is gaining popularity but still there is large number of people that are yet to be introduced to bitcoin. The question posted by OP just confirm this thing that there are people who are absolutely ignorant about bitcoin. If you ask anyone here on this forum that 100$ or bitcoin then majority will opt for bitcoin. Its because majority fully understand bitcoin. Those who don't know bitcoin think that fiat is the gold.

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Quote from: Dr.Osh on March 17, 2023, 07:25:37 AM

Quote from: pawel7777 on March 10, 2023, 04:29:09 PM

Quote from: rodskee on March 10, 2023, 07:29:16 AM

and also why ask KIDS ? why not mature people ? maybe they will at least have second thought on what to choose.

Mature people are more likely to have heard at least a little bit about Bitcoin to know it's probably worth more than $100. And if they didn't know, they'd probably make some level-headed response (e.g. "I'm not sure what Bitcoin is so I'll take $100"), which wouldn't be as entertaining as two ignorant teenage girls.

And as posted above, it might have taken a while for that guy to find anyone choosing $100 over 1bitcoin.

I also heard that they have also heard about bitcoin before, but they don't know anything other than that. However, the introduction of bitcoin is now widespread, and most people already know what the real price is but probably don't know how to use it. However, education is still needed to make people like that realize how valuable bitcoin is today.

Bitcoin is known worldwide even the new generation and the old generation have idea what bitcoin is, and the real value of it. They might heard it at the news, people and in the internet but we all know the complicated situation of trading or investing in bitcoin for beginners. They don't even know the volatile situation of it all they know is that the bitcoin has a huge value. From my experience, I told someone that I gained money thru the help of bitcoin and he responds with "you must be rich right now" then I concluded that even people who have zero knowledge about bitcoin they still know the worth of it. Even me I rather choose 100$ knowing the fact that bitcoin value more because I don't know how to convert it to fiat money which I think a hassle.

Dr.Osh

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Quote from: pawel7777 on March 10, 2023, 04:29:09 PM

Quote from: rodskee on March 10, 2023, 07:29:16 AM

and also why ask KIDS ? why not mature people ? maybe they will at least have second thought on what to choose.

Mature people are more likely to have heard at least a little bit about Bitcoin to know it's probably worth more than $100. And if they didn't know, they'd probably make some level-headed response (e.g. "I'm not sure what Bitcoin is so I'll take $100"), which wouldn't be as entertaining as two ignorant teenage girls.

And as posted above, it might have taken a while for that guy to find anyone choosing $100 over 1bitcoin.

I also heard that they have also heard about bitcoin before, but they don't know anything other than that. However, the introduction of bitcoin is now widespread, and most people already know what the real price is but probably don't know how to use it. However, education is still needed to make people like that realize how valuable bitcoin is today.

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Quote from: rodskee on March 17, 2023, 04:04:13 AM

Quote from: pawel7777 on March 10, 2023, 04:29:09 PM

Quote from: rodskee on March 10, 2023, 07:29:16 AM

and also why ask KIDS ? why not mature people ? maybe they will at least have second thought on what to choose.

Mature people are more likely to have heard at least a little bit about Bitcoin to know it's probably worth more than $100. And if they didn't know, they'd probably make some level-headed response (e.g. "I'm not sure what Bitcoin is so I'll take $100"), which wouldn't be as entertaining as two ignorant teenage girls.

And as posted above, it might have taken a while for that guy to find anyone choosing $100 over 1bitcoin.

And it is reality , it happened unless it is scripted? not sure about that but yeah if people had understanding about bitcoin then surely this will never be the response as choosing 100 dollars for a thousand dollars valued coin lol.
imagine if they have to choose a grams of Gold ring over 100 dollars then they will choose that ring , but instead not towards bitcoin .

Whether it was scripted or not but a kid's mind will simply take what they can see physically rather than thinking about an imaginary thing Bitcoin. Besides, they don't have an idea what that thing is and what they do with them. And it was obvious that they will choose money.
In fact, even matured people that already heard about Bitcoin still have no idea what is it. Lack of education is really the reason but these misinformations that we get online will certainly confuse readers.

Kasabus

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Quote from: DeathAngel on March 03, 2023, 04:15:47 PM

It depends who you ask & where you ask it. Some people are just really dumb, you can take a horse to warer but can’t make it drink. I’d like to think if you asked people on Wall Street or some other high profile financial district they’d take the bitcoin.

I guess as humans there is a psychology around risk levels. Nobody ever gets rich playing it safe, the people who choose the bitcoin will probably do better in life. I’d love to see a study that followed the people over 30 years & see who did better in life, the guy who chooses the $ or the BTC.

I guess those kids do not know bitcoin at all or they have heard it and think that bitcoin has no real value that’s why they quickly chose dollar over bitcoin. Regardless of which country they came from, it’s a fact that bitcoin is not really that well known compared to dollar and still needs people to be educated on it so they will gain insights and knowledge about bitcoin. However, for crypto friendly country like El Salvador, you don’t have to ask them about it because it’s an obvious fact that they will chose bitcoin over a $100.

rodskee

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Quote from: pawel7777 on March 10, 2023, 04:29:09 PM

Quote from: rodskee on March 10, 2023, 07:29:16 AM

and also why ask KIDS ? why not mature people ? maybe they will at least have second thought on what to choose.

Mature people are more likely to have heard at least a little bit about Bitcoin to know it's probably worth more than $100. And if they didn't know, they'd probably make some level-headed response (e.g. "I'm not sure what Bitcoin is so I'll take $100"), which wouldn't be as entertaining as two ignorant teenage girls.

And as posted above, it might have taken a while for that guy to find anyone choosing $100 over 1bitcoin.

And it is reality , it happened unless it is scripted? not sure about that but yeah if people had understanding about bitcoin then surely this will never be the response as choosing 100 dollars for a thousand dollars valued coin lol.
imagine if they have to choose a grams of Gold ring over 100 dollars then they will choose that ring , but instead not towards bitcoin .

Quote from: JeremyW99 on March 09, 2023, 03:43:58 PM

I remember seeing similar videos where people were offered an ounce of gold or a chocolate bar, and some people took the chocolate bar.
Never underestimate the stupidity of the general population. Huh

funny about choosing chocolate against gold lol , but if that is a real score then I condemned that person Grin

Inwestour

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Quote from: pawel7777 on March 10, 2023, 04:29:09 PM

Mature people are more likely to have heard at least a little bit about Bitcoin to know it's probably worth more than $100. And if they didn't know, they'd probably make some level-headed response (e.g. "I'm not sure what Bitcoin is so I'll take $100"), which wouldn't be as entertaining as two ignorant teenage girls.

And as posted above, it might have taken a while for that guy to find anyone choosing $100 over 1bitcoin.

It’s not hard to assume that there are a lot of teenagers who don’t know about bitcoin, but at least it should have sparked their interest, if they are offered something to choose from with a hundred dollars, then it can be priced equally, or even cost more.

By the way, this one may also be true that he had to spend some time finding suitable, teenagers who don't know about bitcoin in order to create a headline that would attract attention.

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Quote from: rodskee on March 10, 2023, 07:29:16 AM

and also why ask KIDS ? why not mature people ? maybe they will at least have second thought on what to choose.

Mature people are more likely to have heard at least a little bit about Bitcoin to know it's probably worth more than $100. And if they didn't know, they'd probably make some level-headed response (e.g. "I'm not sure what Bitcoin is so I'll take $100"), which wouldn't be as entertaining as two ignorant teenage girls.

And as posted above, it might have taken a while for that guy to find anyone choosing $100 over 1bitcoin.

rodskee

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Quote from: Vaskiy on February 15, 2023, 11:10:49 PM

Came across this video in which a person questions whether they prefer to take 100$ or Bitcoin. The kids never took time, all of the sudden chosen 100$. I'm not specific about the location this had taken place, but it looks like they're are Western people. This makes me think, awareness is not upto the mark and in all means we need to educate people. Even the Western young generation unaware of it is really unbelievable.

100$ or Bitcoin

Lol clearly that those kids has no even a small idea waht bitcoin is all about this is why they answered directly about 100 dollars and also they even think that it is from the game?
and also why ask KIDS ? why not mature people ? maybe they will at least have second thought on what to choose.
though my kids has an idea or knowledge about bitcoin and its importance but those tiktok videos ? obviously a random people that has no idea about what they are choosing .

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Quote from: EarnOnVictor on March 09, 2023, 06:57:59 AM

More adoption is expected in the nearest years, but as you had rightly iterated, there can't be 100% adoption of the coin. Even gold that was introduced over 4000BC ago still has around $12.250T market capitalization. This amount is way lower than the money circulating around the world.

Also, what many don't think about is that Bitcoin has its peg, which means that there is a limit to its circulation and only a few fractions of the world's population could hold the coin at a time.

This is another constraint even if more people want to adopt it with time.

Also this not really about "adoption". Adoption is when people start using it, this is awareness and I think 100% public awareness is possible, we are already at a high rate and there are people who respond "what is the capital of England" with an answer like "Europe?" so yeah, they won't know the difference without a doubt but anyone who should, will know the difference and majority already do.

I think the best case would be just letting time fix this, the more time bitcoin is around, the more people will hear about it and then we will have a lot more people aware that one bitcoin is far more valuable than 100 dollars, just requires a bit more time.

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We all know that Bitcoin is the future of the financial world. But there are many people who wanted to get a bit of bitcoin right now but don't know how to do it. We want to prevent this problem by making a awareness video and hope it becomes one of the best videos on how to invest in Bitcoin.

Many stores accept bitcoin, but you have to educate them on how to use it. We see lots of people complaining about ordering something online and having it take forever to get to them. The most common reason for this is not enough awareness. Bitcoin is a great option for those who want direct transactions between buyer and seller without the middle man.

You can spend money on everything in life, especially to make your child's education better! It would be better if we can get bids from real people, instead of just banks or financial institutions.

Bitcoin is one of the most profitable investments you can make. You can earn thousands of dollars every month by buying and selling Bitcoin on an exchange, or keep the money in your cold wallet and just buy whatever you want with it. If you were to continue holding your Bitcoin for a year and earn an average 7% return each year, this would mean that your investment would be worth over $89,000 at the end of year 1.

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Quote from: EarnOnVictor on March 09, 2023, 06:57:59 AM

More adoption is expected in the nearest years, but as you had rightly iterated, there can't be 100% adoption of the coin. Even gold that was introduced over 4000BC ago still has around $12.250T market capitalization. This amount is way lower than the money circulating around the world.

I haven't seen any stats on this, but I'd be guessing that there already are more people holding crypto as an investment than people holding gold as an investment (excluding jewelry), at least that's my observation from my social circles. If that's true, that's kind of crazy how fast Bitcoin got it's popularity.

Quote from: EarnOnVictor on March 09, 2023, 06:57:59 AM

Also, what many don't think about is that Bitcoin has its peg, which means that there is a limit to its circulation and only a few fractions of the world's population could hold the coin at a time.

That's irrelevant really. Bitcoin is easily divisible, and if needed to be more decimal places could be added, so it's not like there will be a shortage of bitcoin to hold. Sure not everyone can hold 1 or even 0.1 of a coin, but that's just a unit of measure that means almost nothing, apart from having a psychological factor.

JeremyW99

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I remember seeing similar videos where people were offered an ounce of gold or a chocolate bar, and some people took the chocolate bar.
Never underestimate the stupidity of the general population. Huh

EarnOnVictor

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Quote from: pawel7777 on March 07, 2023, 04:47:18 PM

Quote from: samcoin on March 06, 2023, 05:55:50 PM

According to some estimations, there are around 420 million crypto currency users over the world, which equals to nearly 0.06% of the world population. Thus, we can't expect all people to know about Bitcoin and crypto. I know this percentage could differ from one country to another, but the result is the same everywhere. Not all people know about crypto. That might look strange to us as we have been in crypto for years and got used to it. However, Bitcoin still has a long path and some hurdles to overcome before it becomes a global currency.

You will never achieve 100% public awareness. That will never happen unless in some weird scenario when bitcoin becomes the official global currency (it won't). Essentially only people who are at least a little bit interested in either technology or investing will have a decent grasp of crypto - others simply don't care and never will.

Gold has been around since the dawn of civilisation and still only a small percent of the population would know a rough price per ounce.

More adoption is expected in the nearest years, but as you had rightly iterated, there can't be 100% adoption of the coin. Even gold that was introduced over 4000BC ago still has around $12.250T market capitalization. This amount is way lower than the money circulating around the world.

Also, what many don't think about is that Bitcoin has its peg, which means that there is a limit to its circulation and only a few fractions of the world's population could hold the coin at a time.

This is another constraint even if more people want to adopt it with time.

MIner1448

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From the perspective of what is more relevant, it can depend on the specific context and needs of the target audience. For example, in communities with high levels of financial instability or limited access to financial education, increasing financial literacy may be more relevant. In other cases, such as among individuals interested in investing or using digital currencies, increasing awareness of Bitcoin may be more relevant.

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'The Matrix' star Keanu Reeves: #Bitcoin is "an amazing tool for exchange of resources"

Criticizing it "is only going to make it better" 👏

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Quote from: samcoin on March 06, 2023, 05:55:50 PM

According to some estimations, there are around 420 million crypto currency users over the world, which equals to nearly 0.06% of the world population. Thus, we can't expect all people to know about Bitcoin and crypto. I know this percentage could differ from one country to another, but the result is the same everywhere. Not all people know about crypto. That might look strange to us as we have been in crypto for years and got used to it. However, Bitcoin still has a long path and some hurdles to overcome before it becomes a global currency.

Bitcoin is not intended for everyone; rather, it is for a small group of people who are willing to take significant risks to achieve their goals or to become financially stable. Throughout my years in crypto, I've witnessed a lot of terrible experiences as well as positive aspects of the trading sector, which has stimulated my curiosity in learning more about the market. Although the world's population is growing quickly, there are still many people who are unaware of what cryptocurrency is all about, There's high probability or chance, Bitcoin definitely have a promising future, in the case of people unaware, is probably due to ignorance or scared of the losses results that envolved round the market. Fiat currency is also one of the big retrain that keep individual off bitcoin and go about their various lives.

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Quote from: samcoin on March 06, 2023, 05:55:50 PM

According to some estimations, there are around 420 million crypto currency users over the world, which equals to nearly 0.06% of the world population. Thus, we can't expect all people to know about Bitcoin and crypto. I know this percentage could differ from one country to another, but the result is the same everywhere. Not all people know about crypto. That might look strange to us as we have been in crypto for years and got used to it. However, Bitcoin still has a long path and some hurdles to overcome before it becomes a global currency.

You will never achieve 100% public awareness. That will never happen unless in some weird scenario when bitcoin becomes the official global currency (it won't). Essentially only people who are at least a little bit interested in either technology or investing will have a decent grasp of crypto - others simply don't care and never will.

Gold has been around since the dawn of civilisation and still only a small percent of the population would know a rough price per ounce.

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Quote from: Vaskiy on February 15, 2023, 11:10:49 PM

Came across this video in which a person questions whether they prefer to take 100$ or Bitcoin. The kids never took time, all of the sudden chosen 100$. I'm not specific about the location this had taken place, but it looks like they're are Western people. This makes me think, awareness is not upto the mark and in all means we need to educate people. Even the Western young generation unaware of it is really unbelievable.

100$ or Bitcoin

There are tons of videos like this and I am pretty sure that its edited to make it look like this. I remember a ton of videos back in the day that showed "how stupid Americans are" and asked like "name a country that starts with U" and none of them realized their nation is united states of America, or stuff like what is the capital of USA, and who is the president and all of that.

Of course there are stupid people who have no idea which one is bigger, if you ask 100 people, you can find 5 people who have no idea, if you ask 1000 people you could find multiple videos worth of it, but I bet you that they asked a lot of people who knew the answer that didn't showed up on the video.

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