Most people dont even know what this is yet. - page 17.

finzyoj

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Quote from: radjie on September 20, 2017, 05:32:52 AM

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.

All people around the world will not be aware what bitcoin is including its usage and benefits without commercialize it on tv. But once they know about it they will make way to learn and earn from it also. Spreading the word about bitcoin for family and friends is helpful for them to know and learn, have income, and invest in bitcoin as time comes.

Don Pedro Dinero

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Although most people don’t know about it, I think it won’t take much time until cryptocurrencies are familiar in most people daily lives.

Economic news usually report about cryptos, so I bet between people who invest, even very small investors, cryptos knowledge is widely spread. Bear in mind that most people don’t know what is an ETF either. Nonetheless, most people, even those who are not financially educated, hear about btc when it hits al ATH .

Other facts help as well. In my country, for example, a supermarket has started selling bitcoin cards, and that’s being widely reported in the news.

So, I think it doesn’t matter if we, users, try to actively spread knowledge about btc. In no more that 4 or 5 years most people in developed countries will be familiar with it.

baedrill

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What exactly do you think will happen if people find out what this is? I am going to assume the role of a skeptic here, and say that most are going to brush it off. Bitcoins are awesome, and truly have the potential to replace paper money someday, but it has less than a stellar reputation thanks to it being known as a currency used for cybercrime. It doesn't help that major players are spreading FUD to manipulate its value. As things stand, Bitcoin still has a lot of room for maturity, and the mainstream will not be ready for it until then. There will be people who will be interested and get into it, don't get me wrong, but they will be fewer in number than those who will not.

PokerFace3

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Quote from: fishbonez11 on September 20, 2017, 08:58:36 AM

Just consider it a privilege to be amongst the first few who already knew about bitcoin. Yes, more people may mean higher bitcoin price, but it will also mean a tougher competition for everyone. You now have the opportunity to make yourself expert and profit more now ahead of ohers.

It is a privilege indeed. Some wont really know the importance of being here today participating in the future until the next few years when they look back to discover that they have made the perfect decision to secure their own future even before it arrived. The reason I keep telling people not to bother trying to buy 1BTC now. All they need do is buy what they would have afforded to buy 8-9 years ago and see the rapidness at which their story turns out positively soon.

SiDtHeBeSt

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Its true there are a very few people who know about bitcoins and even fewer ones who use/ earn bitcoins, people will come to know about this in future and get more and more into bitcoins i think

naidray

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Quote from: SmallCapCoins on August 13, 2017, 03:58:49 PM

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...

This is a way to let some people who feel they are late already understand that they are still very much early. Few countries have declared their adoption of the currency, wait until more declares in the coming years.
It is so obvious that so many people do not have an idea of what bitcoin is and it is interesting to know the present value even at this stage. If you still think you are late, give yourself some few more years and you will know you are one of the elites.

ngacengan

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Quote from: SmallCapCoins on August 13, 2017, 03:58:49 PM

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...

if everyone knows bitcoin then bitcoin prices will soar as all buy and buy bitcoin even want to master it, everyone wants to have a chance to have bitcoin and total bitcoin supply is very limited, it makes bitcoin price becomes very expensive.

hajimasan

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Quote from: SmallCapCoins on August 13, 2017, 03:58:49 PM

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 this is the problem of awareness among the people .
I also seen that many people who are making bulk earnings but still don't want to be advance .
I told a person who have a shopping mall in my city , i said him to accept Bitcoin as an payment .
In the starting he asked me that what us advantage of accepting bitcoin payment , i told every profit , but when he asked me that is there any chance of loss or any problem that he can face .
I told him about the confirmation timing and fee and how does the fee system works in the bitcoin transaction .
After all these conversation he got stuck and said that he will never use such types of payment system which is complicated and also the users are not available in bulk for the bitcoin payment .
So here we can say that it is a type of non awareness where people don't want leave the traditional ways of earnings.

Kakawate

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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.

Astvile

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Ofcourse dont expect that all people and shops already knows bitcoins,bitcoins is still at its early stage of being well knowned in the world wait untill it dominated all marktets and see if people dont know bitcoins

Johansson6

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Quote from: jaysabi on September 20, 2017, 09:26:38 PM

Quote from: Lumining on September 20, 2017, 04:14:32 PM

Quote from: EdenHazard on September 20, 2017, 12:56:27 PM

Quote from: taxmanmt5 on September 20, 2017, 11:31:45 AM

In order to use bitcoins you need internet and not everyone uses internet . Most of people don't know how internet/computer works so maybe its the main reason why Most people don't even know what this is yet. For knowing or starting buying selling bitcoin, you need to have basic know how of the Internet so how will those people operate and use bitcoin who are totally uneducated.

that is not the point, we are living in the world where internet have been the primary needs just like you need to eat. so i think in most places internet available already , the point are when even a classy full of technology store won't adopt a new big thing like bitcoin.

they could do it easily btw. just the matter of time to make them convinced and feel not fear using bitcoin with its volatility.

Amazob, Ebay etc will have to accept Bitcoin one day, and then the smaller stores will follow. Some german online shops for computer hardware accept Bitcoin already.

Why will Amazon and eBay have to accept Bitcoin someday? It's not necessarily a given that even if they do, smaller companies will follow suit (although it's probably more likely than not), but there's argument presented as to why you think those large companies will eventually have to, and the rest of your point reiesnkn this assumption.

We that know about bitcoin should do everything within our means to invest in bitcoin and cryptocurrency to make their life better. From my country over 95% of our citizens do not know about bitcoin and cryptocurrency. We should to make campaign or a tv add to promote it.

bebejhen

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That's true. I think bitcoin is not yet that popular. Most of them doesn't have any knowledge about bitcoin yet. And we're lucky because we found bitcoin earlier than them. But I am sharing this with my family because I want to share the blessing given by got by using bitcoin.

Choyor

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We are low-level people familiar with bitcoin, we are still at the beginning of bitcoin development because probably less than 0.1% of the world's population knows about bitcoin and even less that actually owns and uses bitcoin. Those who know it because they love to surf in cyberspace and find out about it. So we are blessed, because at the right moment when bitcoin becomes a world-famous currency people will be conscious to use and adjust what bitcoin is. and it becomes an advantage for us.

Lenzie

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Quote from: Clover_Faith on September 20, 2017, 05:38:31 PM

Quote from: SmallCapCoins on August 13, 2017, 03:58:49 PM

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...

Actually it's really good that all of people don't not know yet the bitcoin. If all people know what bitcoin is they all try to use bitcoin until the currency and the profit of bitcoin affect because of the user of bitcoin.

If you are an early holder it will be an advantage because you will profit a lot from it. If you are just starting to acquire some you will also profit but you did not maximize the gain. I guess the thing that you don't want to make other people know about bitcoin will not have a good effect on the market. The more people are into bitcoin, the greater the volume in the market ,the better.

jaysabi

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Quote from: Lumining on September 20, 2017, 04:14:32 PM

Quote from: EdenHazard on September 20, 2017, 12:56:27 PM

Quote from: taxmanmt5 on September 20, 2017, 11:31:45 AM

In order to use bitcoins you need internet and not everyone uses internet . Most of people don't know how internet/computer works so maybe its the main reason why Most people don't even know what this is yet. For knowing or starting buying selling bitcoin, you need to have basic know how of the Internet so how will those people operate and use bitcoin who are totally uneducated.

that is not the point, we are living in the world where internet have been the primary needs just like you need to eat. so i think in most places internet available already , the point are when even a classy full of technology store won't adopt a new big thing like bitcoin.

they could do it easily btw. just the matter of time to make them convinced and feel not fear using bitcoin with its volatility.

Amazob, Ebay etc will have to accept Bitcoin one day, and then the smaller stores will follow. Some german online shops for computer hardware accept Bitcoin already.

Why will Amazon and eBay have to accept Bitcoin someday? It's not necessarily a given that even if they do, smaller companies will follow suit (although it's probably more likely than not), but there's argument presented as to why you think those large companies will eventually have to, and the rest of your point reiesnkn this assumption.

Sled

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Quote from: Ljanesanti on September 20, 2017, 08:19:32 PM

As bad as it goes, yeah I agree. I think we here are lucky enough to learn maybe not at first hand but at least among the few who knew it earlier while it was still in its growing stage. This opens the idea as well that plenty of opportunities will still come.

The most important thing is, we are here to get into the revolutionary cryptocurrency that will change the world. If we are in this cryptocurrency then we can say that our life is about to change because of the opportunities that we can grab to get some money for improvements of our life and lifestyle which we really like to happen.

Ljanesanti

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As bad as it goes, yeah I agree. I think we here are lucky enough to learn maybe not at first hand but at least among the few who knew it earlier while it was still in its growing stage. This opens the idea as well that plenty of opportunities will still come.

Harlot

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Quote from: richminded on September 20, 2017, 06:23:20 PM

Quote from: radjie on September 20, 2017, 05:32:52 AM

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.

Yes that's true, when the time comes that everyone know about bitcoin and using it the price will surely goes up, as of now the demand for bitcoin are quiet increasing as we can see the volatility of the price, i see this bitcoin with a bright future and hopefully the demand for this one will continue to increase.

More users does not automatically translate to more demand, in short it does not always increase the price. This is always a wrong understanding on how the demand and supply works as clearly what affects it more are the buyers and sellers of Bitcoin, a user who is just earning Bitcoin from faucets and other ways online will only affect the supply side of Bitcoin but only a little as the quantity they will be holding is not as big as the people who are trading it.

richminded

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Quote from: radjie on September 20, 2017, 05:32:52 AM

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.

Yes that's true, when the time comes that everyone know about bitcoin and using it the price will surely goes up, as of now the demand for bitcoin are quiet increasing as we can see the volatility of the price, i see this bitcoin with a bright future and hopefully the demand for this one will continue to increase.

Xetonica

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Quote from: radjie on September 20, 2017, 05:32:52 AM

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.

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