Most people dont even know what this is yet. - page 33.

andylowe

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Quote from: btc78 on August 13, 2017, 11:51:56 PM

Quote from: stergium on August 13, 2017, 11:21:04 PM

Quote from: White Christmas on August 13, 2017, 06:42:48 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...

Yes they didint know what bitcoin is because it was not that purely legalized by the governmnt. But its okay because we are lucky that we found and we knew what bitcoin is. Because it helps us a lot especially when it comes to our financial need.

agree with you that still majority of people do not know about bitcoin. because still less that 2% people know about bitcoin. but that is really good to know the users of bitcoin are increasing from time to time, now we can see that people are regularly taking interest in bitcoin which is making bitcoin as more stronger. hopefully that very soon the bitcoin community will increase too much.

I think more and more people now are going into bitcoin as compared to last year. But still not enough though to really penetrate the mainstream. Will take more years to really put bitcoin into the regular people from across the globe. But hey bitcoin is not even 10 years in its existence so there are a lot of leg room to make up.

Yes, bitcoin nowadays is not yet that popular. When I introduce it with my husband and family, they acted like, "what is that? Networking again?" And its hard to explain it to them because it takes time to fully understand them how it works and how to earn from it. As of now, they are not yet into bitcoin. I will first wait to have my first earned bitcoin so that I can show it show it to them that I have earned bitcoin for real. I am now joining my first signature campaign and I'm excited to finish it.

But on the other hand, all of us who knew already what bitcoin is, we are all lucky to know this now because we are the next elite bitcoiners in the near future!:)

exstasie

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Quote from: HeRetiK on August 13, 2017, 07:07:21 PM

From my experience it's quite the opposite, I actually noticed that a surprising amount of people already at least heard of Bitcoin. Also press coverage seems to have heavily increased.

It's true, Bitcoin is getting a lot of exposure recently. People at my work are talking about it because it's been all over CNBC. Friends I grew up with are talking about it on Facebook. And the people that I told about bitcoin have mostly all come back recently to ask for my opinions or advice. I hate giving investment advice! I just tell them that I've been dollar cost averaging for years, bit by bit, and trying to earn whatever BTC I can.

supandi wiharja

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At first i did not know, after i knew and told others that they did not know .. then i contacted some stores whether receiving bitcoin? And the answer from the store is completely ignorant and does not accept btc.
I think there are very few people and understand about bitcoin.

Idrisu

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Many people especially from my country of origin did not know what bitcoin is especially the local. I don't think there is any shop that is accepting bitcoin in my country! Then I keep on asking myself bitcoin has not getting mainstream but it value keep increasing, and when it gets mainstream what it price will be? Many holders has not understanding the impact of this great technology and what it will be in future and that is why they are selling out of panic.

BitcoinSupremo

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In my country they know bitcoin. The media , mainly the TV has been the biggest advocate of it. They even made a documentary (not specific to bitcoin but to ransomware) and even bitcoin was discussed in depth. The documentary which goes on every week is named "Voyager" and it has a really big audience here. It is from the RAI one of the most respected TV network here.

Sled

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Most of the people doesn't know bitcoin because most of us are still sticking with the old culture where we just stick with cellphones and doesn't even expand our experience to research and try new things like bitcoin. Most of the people are focusing in their job but they don't try to focus on opportunities that can help them to leave their job and be independent.

TheCoinFinder

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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 am not sure of percentage about knowing people but i think there would be all over 40% still unaware anong illiterates even if 60% would learn and use bitcoin in future.
Only new age youths and people somewhat related to internet can make use of it,others have to choose centralized cash currency method while making payments.

Schuyler

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Over the last 18 months or so, I have noticed that more and more of the people that I know are talking about bitcoin and are starting to witness just how big the potential of bitcoin is. We have also seen a lot of positive developments over time with more and more countries starting to welcome the usage of bitcoin. We can expect more of these things happening as more people are getting interested and open to the idea of a crypto currency being used on a daily basis.

trecore4

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Quote from: gabbie2010 on August 13, 2017, 08:15:43 PM

The more people know bitcoin the better for people who had already or are into bitcoin, although just people knew about it and gladly I am enjoying every bit of working and earning via bitcoin I am very sure as more people join this world of cryptocurrencies there is so much opportunities that is going to opened up for we that are already into it.

Yeah you are right about the opportunities but the OPs concern is completely different than what you thinking. He wants to express that bitcoin is still in backward stages where not much of goods and services are accepting the bitcoin. This is big concern because if you are earning big amounts of bitcoin but you don't have any places to spend then what would be the use of your earnings!

The opportunities will open up in the future no problem but what about today when the bitcoin is just at the highest peak of its valuation. W have lots of bitcoin but only few trusted sources to spend on that too online I guess. So hopefully we will get a way out in the financial system of bitcoin.

btc78

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Quote from: stergium on August 13, 2017, 11:21:04 PM

Quote from: White Christmas on August 13, 2017, 06:42:48 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...

Yes they didint know what bitcoin is because it was not that purely legalized by the governmnt. But its okay because we are lucky that we found and we knew what bitcoin is. Because it helps us a lot especially when it comes to our financial need.

agree with you that still majority of people do not know about bitcoin. because still less that 2% people know about bitcoin. but that is really good to know the users of bitcoin are increasing from time to time, now we can see that people are regularly taking interest in bitcoin which is making bitcoin as more stronger. hopefully that very soon the bitcoin community will increase too much.

I think more and more people now are going into bitcoin as compared to last year. But still not enough though to really penetrate the mainstream. Will take more years to really put bitcoin into the regular people from across the globe. But hey bitcoin is not even 10 years in its existence so there are a lot of leg room to make up.

boyptc

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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...

We just have to wait for that day to come. Today it will be 0.1 % people knows about bitcoin. But maybe next year or for the next years to come we will see that people are loving to use bitcoin. And once they started to know that it is a great investment, well they will rush on this thing and crave to have some.

stergium

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Quote from: White Christmas on August 13, 2017, 06:42:48 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...

Yes they didint know what bitcoin is because it was not that purely legalized by the governmnt. But its okay because we are lucky that we found and we knew what bitcoin is. Because it helps us a lot especially when it comes to our financial need.

agree with you that still majority of people do not know about bitcoin. because still less that 2% people know about bitcoin. but that is really good to know the users of bitcoin are increasing from time to time, now we can see that people are regularly taking interest in bitcoin which is making bitcoin as more stronger. hopefully that very soon the bitcoin community will increase too much.

HabBear

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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...

Absolutely. If Bitcoin is to be widely accepted as a currency, we haven't even begun yet. But i'm not so sure Bitcoin's destiny is as a currency. I think it's going to be an asset class, an investment only. What's the incentive to spend bitcoin today when we know it will likely be worth more tomorrow?

Equal to your point though is that most people don't own any bitcoin...but how many people own stock or bonds or a mutual fund? A lot. That's the community of adopters that I believe are on the horizon.

Bunsomjelican

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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...

Because it is shows only that bitcoin is still young for now, and we are the pioneering community of bitcoin. But even is like that for
a short period of years bitcoin became popular in many countries. So we are blessed, due to by at the right time when bitcoin become the famous currency in the whole world people will realize to use and adapt what bitcoin is, for sure by that time we are rich because of bitcoin.

bitlyre

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that would be true for now, but more and more people are becoming aware of its existence and its advantage over other currency especially when its price is still rising so i dont think it would take time before stores begin accepting bitcoin as payment.

Ayiranorea

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The digital currency community is very young that it haven't crossed just 10years time. The present year is good compared to the past years of spreading. Why I say is that, the users who regretted in the the past are now showing interest towards investing into bitcoin and other digital currencies.

BitcoinBallerina

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Fun fact: the market cap of Bitcoin is not even as much as some individual Humans' net worth, so there is plenty of room to grow.

gabbie2010

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The more people know bitcoin the better for people who had already or are into bitcoin, although just people knew about it and gladly I am enjoying every bit of working and earning via bitcoin I am very sure as more people join this world of cryptocurrencies there is so much opportunities that is going to opened up for we that are already into it.

entrepmind23

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Quote from: error08 on August 13, 2017, 06:06:33 PM

Indeed, we're still on the beginning of bitcoin development as maybe less than 0.1% world population that (only) know about bitcoin and even less who really have and use bitcoin. Imagine if more adopters, retailers, business, and more companies realize this better monetary system than centralized fiat currency, then it's not wrong if many people predict bitcoin could reach over $20,000 after halving in 2020.

I am glad that I know the existence of bitcoin because the price of it is not that high yet when we compare it to the price that the investors are expecting after a few years. It's slowly getting the attention of the investors even those that are trading in wall street and because of the conflicting situations of some countries now, people are taking refuge in converting some of their asset to bitcoin to diversify the risk. With the increasing demand and limited supply then the price would surely go up.

Dhaaaw

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And did you try to give them some documentation about it or tried to make them curious about it or did you just left them like that ? Roll Eyes

Because it would help alot if people spread out this BTC culture to people who have no idea about it instead of only talking about it to people who already use it. Tongue

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