Most people dont even know what this is yet. - page 27.

basyang

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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...

Yes, some of peoples did not know about this kind of cryptocurrency. Even my family have no idea about bitcoin. For sure, some people know about bitcoin or this digital currency is teenagers or people who are a computer literate. It also take time to other people to understand it value just like we are doing we still digging more information about bitcoin so before they can fully understand bitcoin we need to gain more information of it before we can spread it to other people.

Hui8

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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...

Bitcoin is popular but not in the every corner of the world. It still needs to be recognised because bitcoin was never got advertised publicly on mass scale. It is being know to other people like us with the help of mouth to mouth marketing. However it also takes time and people should also believe in it as it is hard to digest something came out of nothing is worth thousands of dollars. The way bitcoin works is very futuristic and it will need time for people to understand about it.

potatopower

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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...

It is really hard to find real life stores that accept bitcoins, even if you live in strong rich country. Imo they don't accept bitcoins yet because people still wouldn't use them to pay, either because they don't want to or they don't know what it is.

This is different in online stores though, there are lots of online stores that accept bitcoins, some even ships products to whole world, so i am sure that you will find some local ones too.

Alpinat

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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...

yeah many of the people right now didn't now what is cryptocurrency, bitcoin today is like 4000$ per piece the reason why almost all of the stores are not accepting it is the bitcoin is just starting, this is not the real price of it, it will increase in just a matter of time, and soon they will know about it all.

QueenOf

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Quote from: suryati on August 22, 2017, 07:01:10 AM

Quote from: Choyor on August 22, 2017, 03:50:08 AM

Bitcoin around the world, that's right. Bitcoin in the community, I do not think so. Actually there are still many people who do not know and understand using bitcoin. As for the store or restouran way of payment using bitcoin only in certain cities, and even not much. For me personally hope bitcoin can be more popular again, and there will be many stores that way of payment using bitcoin, because it will facilitate payment of bitcoin users.

Yes it is true only a few stores and in certain areas they receive a payment with bitcoin, because here I see if a shop receives bitcoin as payment may have available the means used to transact bitcoin which in this case is still limited to use the internet network. Perhaps this makes one of the important factors for popularizing the bitcoin in the community.

do not close the possibility when it's been more understanding of the bitcoin I guess a country will join the growing and will raise the income of the country's area, But if the Government has already set up certainly will be no taxes for residents who generate bitcoin.

ahmia39

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And this is our chance, people who have known and have little bitcoin like me. The reason is simple, if bitcoin later known to many people as well and accepted offline store as means of payment. At least we already have a better btc amount. And certainly when it's very high value.

Cloud27

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The misinformation in our place is the culprit why it is not popular in our place. If it is done on the internet they will associate it in a pyramiding scam or ponzi scheme scam. In our place only if you are an internet geek , a social media enthusiast or investor most probably you know crypto currency.

Danielpeters

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In germany it's pretty common actually. You can also order food online paying with bitcoin... Cool

harizen

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Quote from: kimpena on August 22, 2017, 08:11:08 AM

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...

Well, there are countries where bitcoin is still illegal, therefore bitcoin would not be known by others. There are countries where bitcoin is legal. There are limited establishments who accept bitcoins but most establishment is not familiar with it. Maybe if it become legal to most countries in the world, bitcoin will become popular and most establishments will accept bitcoin for payment or an exchange for services rendered.

Recognization is one of the key for merchants to accept bitcoin as mode of payment.

One good example is the legalization of Japan government in bitcoin after many years in the making. After the legalization of the said cryptocurrency, numbers of merchants who accepts bitcoin as one of their payment method really blooms in the country and hence give positive output from the market. Just imagined, in a country where bitcoin is just considered but not yet recognized, there are few merchants who accepts the deal of accepting it so how far more it will expand in a country where bitcoin is officially legal.

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Quote from: kimpena on August 22, 2017, 08:11:08 AM

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...

Well, there are countries where bitcoin is still illegal, therefore bitcoin would not be known by others. There are countries where bitcoin is legal. There are limited establishments who accept bitcoins but most establishment is not familiar with it. Maybe if it become legal to most countries in the world, bitcoin will become popular and most establishments will accept bitcoin for payment or an exchange for services rendered.

Adoption would really depend if a certain country would let the informations would reach its citizens because there are countries which do blocks informations when regarding to bitcoin or either they do give only the negative things related to it on which it makes people to hesitate to engage with it. We would really love to see a place on which bitcoin payments would really be implemented.

KroFly

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Despite the fact that bitcoin does not exist for many years, many people have not even heard of it, so that people usually distrust every new development with distrust. It takes time for development.

kimpena

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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...

Well, there are countries where bitcoin is still illegal, therefore bitcoin would not be known by others. There are countries where bitcoin is legal. There are limited establishments who accept bitcoins but most establishment is not familiar with it. Maybe if it become legal to most countries in the world, bitcoin will become popular and most establishments will accept bitcoin for payment or an exchange for services rendered.

suryati

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Quote from: Choyor on August 22, 2017, 03:50:08 AM

Bitcoin around the world, that's right. Bitcoin in the community, I do not think so. Actually there are still many people who do not know and understand using bitcoin. As for the store or restouran way of payment using bitcoin only in certain cities, and even not much. For me personally hope bitcoin can be more popular again, and there will be many stores that way of payment using bitcoin, because it will facilitate payment of bitcoin users.

Yes it is true only a few stores and in certain areas they receive a payment with bitcoin, because here I see if a shop receives bitcoin as payment may have available the means used to transact bitcoin which in this case is still limited to use the internet network. Perhaps this makes one of the important factors for popularizing the bitcoin in the community.

DrGuns4Hands

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yep in my country also they don't even know what is bitcoin. some companies online accepting bitcoin as a payment but they're not investing in bitcoin they 're just using bitcoin as a payment method.but look bitcoin is now popular now because forbes featured it when bitcoin price reach $4000 barrier that's awesome about news they can make a thing more popular.

Choyor

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Bitcoin around the world, that's right. Bitcoin in the community, I do not think so. Actually there are still many people who do not know and understand using bitcoin. As for the store or restouran way of payment using bitcoin only in certain cities, and even not much. For me personally hope bitcoin can be more popular again, and there will be many stores that way of payment using bitcoin, because it will facilitate payment of bitcoin users.

Ronaldcoin2017

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Yes many people didnt know about it because bitcoin is not yet publish.i think only 5% over 100% people of people know about bitcoin.

karmamiu

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As I even observe in my community, bitcoin for them are just a waste of time and effort, they do think that it is just another scheme, i barely understand their feelings due to lack of knowledge about bitcoin, and so many spreading false news that involves bitcoin as an illegal thing to use. But when someday people in my community would open up their eyes and realize how is it done or what is this all about maybe they would understand somehow. I am even thinking that they are sticking to their own wrong principle and ideas, just because they have heard so many issues that has nothing to do with bitcoin or just rumors, they fully believed it.

@prashant

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Quote from: rikybrosh on August 22, 2017, 02:21:39 AM

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...

Where was the store that you called, if you call some store in china probably you will find one. Because most of btc is at there. Good luck.

some of the country has started accepting and declare btc as a legal but there are plenty of countries that have yet shown their support towards cryptography.it will take some years ,as blockchain is spreading and started widely used by different start up project as well some giant companies.just wait for few years ,blockchain will become next big thing.

rikybrosh

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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...

Where was the store that you called, if you call some store in china probably you will find one. Because most of btc is at there. Good luck.

Blackdeath

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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...

Actually that is really right because even bitcoin has been already used by many people worldwide, there are still a big percentage of people who does not know yet of bitcoin's existence. Maybe because some cointries are not yet legalizing bitcoin due to the reason that their government has not yet permitting it. This results to the abduction of bitcoin usage in that nation leading to establishments do not accept bitcoin but rather prefer fiat as a term of payment.

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