I called around some stores to see if they accept BTC, no one has even heard of it except like 0.1% of people. Wait till people actually find out this exists...
Which country are you in?
Topic: Most people dont even know what this is yet. - page 15. (Read 13513 times)
Which country are you in?
Yeah, when Bitcoin will become the premium way for people to pay online because of lower fees and many other advantages, as well for all people wanting to send money to their family abroad, price will rock for sure !
I dont think so, most of the people doesnt know bitcoin yet I think thats because butcoin wasnt introduced in the social media or even advertise in the televisiom because governments are not totally done with recognizing bitcpin through research and reviews. I think when most of the people will know about bitcoin I thi k their will be an instance where in the opportunities for us will be li ited , yes the price get really too high but we cannot find signature campaign to earn so what sense?
I called around some stores to see if they accept BTC, no one has even heard of it except like 0.1% of people. Wait till people actually find out this exists...
It's almost the same situation here, where the majority of the online store owners didn't know about Bitcoin or other alt coins at all (Some even think that Bitcoin is a part of ponzi scheme lol)
So is every new technology or invention it takes time for people to full understand and accept them into their daily lives.i think we should give it time for them to get acquainted with it rather than getting discouraged and quitting completely.
I called around some stores to see if they accept BTC, no one has even heard of it except like 0.1% of people. Wait till people actually find out this exists...
Lol! I'm not surprised. Even here, you can rarely, very rare hear people claim to know bitcoin. Some claims to have heard about it but no idea. Some does not know at all while in the social media i see a lot who posts about bitcoin. When I first found out about bitcoins I never really took it seriously untill my friends started to show changes in their lives, as well as changes in their bank acounts, then I started to get curious and eventually joined the community. I think that is what will happen if people would really find out about bitcoin.
Same do I as one of my friends told me about the increasing price of the bitcoin I thought it must be like the real coin so I though how the coin can increase in price like this but later on I searched about it on Goggle and I started using bitcoin. Now the price of the bitcoin is much high then before. Same the popularity of the bitcoin has increased a lot now almost every one want to use bitcoin and want to invest in bitcoin same I want now.
It is definitely still a ways away from being fully known and accepted. But as it gains popularity it will be interesting to see where things go with the price. No doubt as more merchants accept bitcoin it will influence the price in a positive way.
I called around some stores to see if they accept BTC, no one has even heard of it except like 0.1% of people. Wait till people actually find out this exists...
Of clurse even if bitcoin is more rampant now than before there are still a considerable amount of people that doesnt know or who still doesnt realize what the power of bitcoin can do to their lives and in their business. Most people are now hust starting and its up to us to further it.
1. some people just don't want to put their faith one more time on another internet money after all they have heard or experienced;
2. Bitcoin and the technology behind it, is knowledge based and that already is a barrier for many;
3. infrastructure and communication devices are elusive and a luxury in some part of the globe.
You have a point but rather than that i think its more of lack of knowledge and awareness of it. majority of people in this world don't even know that it exist just like the op
describes. how can they ignore something they don't even know. in my country people who have heard bitcoin but doesn't care lacks knowledge about it because if you talk to them
and ask what do you know about bitcoin and have you considered using it? i'm sure they will said a lot of misconceptions about bitcoin just like what always happens to me when i
talk about bitcoin to my peers.
Exactly, most people don't even know what Bitcoin is yet therefore we are in a great position to be leaders for future economic development, not just in the local community but on a global scale as well.
Yes, because there is no available information for them, there's no advertisements and demonstration on how they will do this. It's hard to explain this to them cause it's new to them. There are people who knows what bitcoin is but they don't know it's functions. At first i was hesitant to know what bitcoin is until my boyfriends sister explain everything she knows about bitcoin and how does it work.
I called around some stores to see if they accept BTC, no one has even heard of it except like 0.1% of people. Wait till people actually find out this exists...
It's almost the same situation here, where the majority of the online store owners didn't know about Bitcoin or other alt coins at all (Some even think that Bitcoin is a part of ponzi scheme lol)
A bunch of Americans discovered that only 42% could correctly identify what bitcoin is. A small minority (12%) thought bitcoin was either an Xbox game.
However, 42% is remarkably high considering how many Americans have actually come into contact with bitcoin. No one knows how many people own any of the digital currency, but the number is probably less than 1 million, many of whom are outside the US. So a 42% recognition rate is a triumph of mindshare for what, as we’ve argued before, is a largely media-generated phenomenon. These are the same Americans of whom 94% can’t name a single Chinese brand, after all.
So if that relatively high and still growing public awareness in the US translates into more people buying bitcoin—which it should, as buying bitcoin gets easier every day—the logical conclusion is that despite its meteoric increase in value this year the currency, worth around $900 per coin as of this writing, still has a long way to rise.
However, 42% is remarkably high considering how many Americans have actually come into contact with bitcoin. No one knows how many people own any of the digital currency, but the number is probably less than 1 million, many of whom are outside the US. So a 42% recognition rate is a triumph of mindshare for what, as we’ve argued before, is a largely media-generated phenomenon. These are the same Americans of whom 94% can’t name a single Chinese brand, after all.
So if that relatively high and still growing public awareness in the US translates into more people buying bitcoin—which it should, as buying bitcoin gets easier every day—the logical conclusion is that despite its meteoric increase in value this year the currency, worth around $900 per coin as of this writing, still has a long way to rise.
Some people heard about bitcoin but they dont know its functions..people do not know about cryptocurrency..even me wanted to know more about btc..what i know now is that it has a greater value compared to other cryptocurrencies..if people will know the price of bitcoin rest assured they all wanted to learn how to earn bitcoin,mineand trade btc.
People are still afraid to introduce bitcoin into their lives due to the fact that its course is too unstable or even not heard of it. In order for all to switch to the digital currency, more than one generation must change.
Yes that includes our parents and our eldest member of the family who are not familiar with bitcoin. They are always been afraid on things they are not familiar to. Bitcoin for them is complicated and they think that they have to be knowledgeable in computers. But teens are easier to teach because they can easily understand. 
People are still afraid to introduce bitcoin into their lives due to the fact that its course is too unstable or even not heard of it. In order for all to switch to the digital currency, more than one generation must change.
I called around some stores to see if they accept BTC, no one has even heard of it except like 0.1% of people. Wait till people actually find out this exists...
Of clurse even if bitcoin is more rampant now than before there are still a considerable amount of people that doesnt know or who still doesnt realize what the power of bitcoin can do to their lives and in their business. Most people are now hust starting and its up to us to further it.
1. some people just don't want to put their faith one more time on another internet money after all they have heard or experienced;
2. Bitcoin and the technology behind it, is knowledge based and that already is a barrier for many;
3. infrastructure and communication devices are elusive and a luxury in some part of the globe.
Yeah, when Bitcoin will become the premium way for people to pay online because of lower fees and many other advantages, as well for all people wanting to send money to their family abroad, price will rock for sure !
We should consider a lot when spreading information regarding Bitcoin, the tendency for us to earn will be lesser since people will start to panic and immediately will seek information about what goin on here, mere fact that price will raise but the opportunity for us to as a Forum user since then will be lesser we cannot run with the development of bitcoin I think, if that will happened.
For now a lot of people in my area already ever heard bitcoin because the media ever mention it few times when ransomware wannacry become global and when the price hit $4000, but a lot of peole choose to ignore this things according to them it is an illegal coin, I think it is time for the media covering the good side of bitcoin, bitcoin really help a lot of people out from poverty
Not many people know about bitcoin and very useful for bitcoin users including me, because we first know about the usefulness of this BTC and also its benefits so that if one day bitcoin is known all over the world then bitcoin price will increase and we will get more profit from it.
Just not all know bitcoin and i think they not explore bitcoin and they saw in the social about bitcoin but they ignore it because they dont know about bitcoin yet and useful of bitcoin.
I called around some stores to see if they accept BTC, no one has even heard of it except like 0.1% of people. Wait till people actually find out this exists...
I think it is a great thing just think about it if the percent of people who knows it is just as low as you said,Think about what would happen when almost everyone knows about it the price would surely be super high. I called around some stores to see if they accept BTC, no one has even heard of it except like 0.1% of people. Wait till people actually find out this exists...
I think the reason behind those people who still doesn't know the existence of bitcoin is because in their country or location, bircoin cryptocurrency has not yet been legalized or established for a wide usage. Maybe also lack of resources to rely on the basic informations about bitcoin cryptocurrency. I think it will be beneficial if they will do know about bitcoin so that the demands will be raised that can result to the rise of the bitcoin price rate. Jump to: