Most people dont even know what this is yet. - page 31.

severaldetails

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Quote from: hatshepsut93 on August 16, 2017, 10:17:07 AM

Quote from: SmallCapCoins on August 13, 2017, 04:58:49 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...

Most people who have heard about Bitcoin are those who work in IT, finance and those who read a lot of news (mainstream media are covering Bitcoin sometimes) or have friends who told them. It's really hard to say how much of the population knows about Bitcoin, but I would say it's around 20-30%. Out of those people, only few actually own some BTC, as many think that it's a bubble, or it's just too risky. This means that there's a lot of space for growth, and Bitcoin can be valued at $50,000-100,000 if mainstream adoption will be reached.

I think as well that bitcoin is only known to the financial sector and those who are willing to think out of the box.
Although more and more people have at least heared the term bitcoin already a few times, the percentage of people who are holding some ist still somewhere close to zero.
For example, I have never seen one of those bitcoin accepted stickers in an offline shop.
So the potential for bitcoin is magnificent!

hatshepsut93

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Quote from: SmallCapCoins on August 13, 2017, 04:58:49 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...

Most people who have heard about Bitcoin are those who work in IT, finance and those who read a lot of news (mainstream media are covering Bitcoin sometimes) or have friends who told them. It's really hard to say how much of the population knows about Bitcoin, but I would say it's around 20-30%. Out of those people, only few actually own some BTC, as many think that it's a bubble, or it's just too risky. This means that there's a lot of space for growth, and Bitcoin can be valued at $50,000-100,000 if mainstream adoption will be reached.

Wa(t)ch_night()

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We need to advertise bitcoin among our friends and acquaintances, we need to explain how it works and the number of users will increase. In my city, too, almost no one heard of Bitcoin.

Beparanf

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Quote from: Slow death on August 16, 2017, 06:35:13 AM

Quote from: SmallCapCoins on August 13, 2017, 04:58:49 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...

People who make money on the internet are more likely to know about bitcoin, this is also for stores, if you now go to a store to buy something using your bitcoin debit card (if you have one) the owner of that store or the manager Will be curious and will want to know more about bitcoin

People are only interested in something that benefits them, if bitcoin offers some benefit to people, then people will seek to have bitcoin.

You should bring more people to the bitcoin world, to increase the bitcoin community, this is an advantage both for you both for all.

When we share for some ways to earn online, it's still hard to find btc on it. Unless we trued to read some discussion on some websites. My friend who taught me found it on a wbsite whuch discusses about technologies. I tried before clicking sites and paid in paypal and affliate, still it's not a good way to earn. I'm thankful i have driend who shares his knowledge.

Slow death

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Quote from: SmallCapCoins on August 13, 2017, 04:58:49 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...

People who make money on the internet are more likely to know about bitcoin, this is also for stores, if you now go to a store to buy something using your bitcoin debit card (if you have one) the owner of that store or the manager Will be curious and will want to know more about bitcoin

People are only interested in something that benefits them, if bitcoin offers some benefit to people, then people will seek to have bitcoin.

You should bring more people to the bitcoin world, to increase the bitcoin community, this is an advantage both for you both for all.

Sled

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Quote from: popolite11 on August 16, 2017, 05:19:52 AM

Quote from: SvenBomvolen on August 16, 2017, 05:17:16 AM

Maybe around you the situation is really like this.
Couple days ago I was reading the article here on the forum, there was the information that 80% of people in China don't know bitcoin. I think we can move it to all the world, but 20% is not so little number actually. I remember, when I just joined two years ago, we already have discussed this topic already here on the forum. And that time the talk was about 2% as I remember. Two years needed to the number raised ten times. I suppose now the number of people who know bitcoin will be growing together with Bitcoin's price and it's popularity.

Is is very good information for long-term holders of bitcoin and altcoins.
Because people just start find out what is bitcoin and new money is coming. So it is still very good idea to invest to bitcoin!

If we will look for long term in bitcoin then investing is still good for bitcoin because the price of bitcoin is still not maxed pump and i think that it can move up even higher like double or even triple for what the price now. Bitcoin will help the current old financial system to be in a form a new and fast money and that is why bitcoin will become one of the most expensive money.

popolite11

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Quote from: SvenBomvolen on August 16, 2017, 05:17:16 AM

Maybe around you the situation is really like this.
Couple days ago I was reading the article here on the forum, there was the information that 80% of people in China don't know bitcoin. I think we can move it to all the world, but 20% is not so little number actually. I remember, when I just joined two years ago, we already have discussed this topic already here on the forum. And that time the talk was about 2% as I remember. Two years needed to the number raised ten times. I suppose now the number of people who know bitcoin will be growing together with Bitcoin's price and it's popularity.

Is is very good information for long-term holders of bitcoin and altcoins.
Because people just start find out what is bitcoin and new money is coming. So it is still very good idea to invest to bitcoin!

SvenBomvolen

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Maybe around you the situation is really like this.
Couple days ago I was reading the article here on the forum, there was the information that 80% of people in China don't know bitcoin. I think we can move it to all the world, but 20% is not so little number actually. I remember, when I just joined two years ago, we already have discussed this topic already here on the forum. And that time the talk was about 2% as I remember. Two years needed to the number raised ten times. I suppose now the number of people who know bitcoin will be growing together with Bitcoin's price and it's popularity.

Aventhe

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Quote from: SmallCapCoins on August 13, 2017, 04:58:49 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 agree with you. It is a sad sight to see so many not having heard about bitcoin at all. Even people involved in some sort of technology related careers have no idea what bitcoin is. This is also one of the main reasons why many businesses have yet to accept bitcoin as a payment method and have turned away from using it. Most customers / people are not ready for the change that bitcoin comes with, as they are just getting used to the current Fiat system - maybe.

We will definitely see a change in bitcoin's popularity over the next few years, where more and more users will start using bitcoin which will push the value up even higher.

Exotica111

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Yes there are many people in our community who doesn't know the real purpose and use of bitcoin but when all the people knew that bitcoin have an interesting offers that helps their daily life,I'm sure bitcoin will become goes up as we check the price now it may be better than this price because the demand become too high and the supply become too low that's why it result the high bitcoin price.

lilit

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Of course, many people still do not know about this and if they start actively using bitcoin, then its price will grow much and it will be practically impossible to earn it. It will become only an instrument for investment.

Zuilhsa

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Quote from: SmallCapCoins on August 13, 2017, 04:58:49 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 in our country people are not aware of bitcoin. there are no stores or malls to accept bitcoin. i think bitcoin is very young at this moment.

pugman

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Quote from: SmallCapCoins on August 13, 2017, 04:58:49 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...

True indeed,and if shops start using bitcoin for a payment option they will end up getting arrested.Why arrested? Government officials of a few countries think that bitcoin is used for hiding some shady crap even though not all people are corrupted. Also it is not official in any country so why would some one risk their whole business on something not official? Well,you can try explaining it to them and if they understand well and good ,otherwise its their loss....

omonuyak

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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 good comment on our facebook page and make free tweet about bitcoin.

d0flaming0

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Quote from: SmallCapCoins on August 13, 2017, 04:58:49 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 they are not yet being informed about it. Even in my country also it does, and I guess maybe they are not interested in Bitcoin, just maybe or maybe they didn't saw some news about it. Just be calm someday they will recognize and know what it is, maybe this time it is not that popular, as i knew that most people that knows about Bitcoin are people in the internet.

speem28

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Quote from: Rozita on August 13, 2017, 05:34:44 PM

I think it is really good that most of the people don't know what is bitcoin. This means that we are among the 1% (not sure about the percentage) of people that have known bitcoin sooner. That time when all of people know what is bitcoin and need that for their life, the price will be much higher than today. So we will be rich.

Yes, it is good for those early adopters of bitcoin. While we still can, before a mass adoption occurs, let us save as many bitcoin as we can so that when the time comes, we will have a great advantage over new adopters. The price of bitcoin will surely rise more by then. Let's take full advantage of this opportunity, we are lucky enough to one of the people who accept bitcoin earlier than others.

bucciarati

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and this is a good thing because when more people will be aware there will we another big fiat injection

Dudeperfect

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It is obvious in my country (and I guess same about rest of the world). Bitcoin is still in its early phase and currently, not even 1% population is using Bitcoin and the number of merchants accepting Bitcoin is very less. When I asked some friends or strangers about Bitcoin, they replied that they don't have any idea about it. There is huge scope for the growth as I can see the people who are capable of Using Bitcoin (as they are already using digital form of fiat) are not using it and the number is tremendous.

jamids

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Quote from: gabmen on August 16, 2017, 12:48:31 AM

Quote from: SmallCapCoins on August 13, 2017, 04:58:49 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 that's what we're trying to accomplish right now. Though its still not as widely accepted as we would have wanted, btc use is now more common than a year or two ago. We may not be there yet but we're well on our way for more businesses to know bitcoin

As the price of bitcoin is rising, the attention to it rise as well. Bitcoin is regarded as a fad before but when its price is three times compared to an ounce of gold then it certainly got more attention. Big companies planning to mine cryptocurrency, projects and ICOs implemented and many more events related to cryptocurrencies are factors as well that made some big whales invest in crypto. While it is not yet mainstream, we will grab as much as we can because we never know what the future will be.

SavvyOli

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Quote from: ngocbkcse on August 16, 2017, 12:42:42 AM

Quote from: Ararbermas on August 16, 2017, 12:28:12 AM

Yeah if all of the people knows that bitcoin is exist. I think lot of people will be interested on bitcoin. And also the bitcoin rates will go higher. .cause its so simple to earn if you have some knowledge if how its works. Ithink soon bitcoin will be in public .so that it can helps a lot on our community. For sure.

But many people don't know the risks. And they don't get what it is and why its valued.

It can either go up like crazy, or go to 0 the next day. the risk is high

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