Most people dont even know what this is yet. - page 5.

Bitcoinjheta

full member

Activity: 798

Merit: 104

Quote from: spyerf on October 14, 2017, 02:49:24 AM

Many people do not know it or may not want to know because they have not understood what it is and what its advantages. Because they rarely surf in cyberspace maybe. But I am sure that bitcoin will soon be many. From pengunanya, because many already feel the results of the bitcoin itself

Not all people who are using the internet or the social media are familiar with bitcoins since this is not yet that known in the Philippines though there are already succesful persons who benefited its financial advantages.But with the abrupt growth of people who are now enjoying the financial and technical gains if bitcoins,no wonder that it would be known to many if not all.

spyerf

full member

Activity: 378

Merit: 103

Many people do not know it or may not want to know because they have not understood what it is and what its advantages. Because they rarely surf in cyberspace maybe. But I am sure that bitcoin will soon be many. From pengunanya, because many already feel the results of the bitcoin itself

lordquanta

sr. member

Activity: 770

Merit: 268

Quote from: Jenna_G on October 13, 2017, 01:49:25 PM

Some ppl in Africa still don't know about Internet, so just give ppl some time
I think it's normal situations

Many people on this planet earth are not familiar with crypto currencies. In fact many from countries with internet access and fairly net savvy are still unaware of cryptos in general. Many people are unware of concepts of currency in first place. Except students of economics very few understand what fiat currency is. Slowly but steadily people from advanced countries are using the bitcoin or crypto currency. Countries like japan who are actively using bitcoin and showing signs of successful adoption.
The global level adoption of crypto will take its time. This is beginning and once there is enough momentum in adoption then there is less chance of resistance.

PrinceCaspian

sr. member

Activity: 378

Merit: 250

A lot of people doesn't know bitcoin yet because they are not into technology and they will start accepting bitcoin if the government will promote it and tell the people in their country that bitcoin is a good currency to use. Bitcoin is not about being an option for paying because they can also use it to put their money in bitcoin and make bitcoin as an investment.

Bohxz M4p4gm4h4l25

full member

Activity: 339

Merit: 120

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...

Inthink we are lucky to be part of those 0.1 % given the fact that we are the one who can fully absorb Bitcoin's opportunity, since Bitcoin is not yet being advertise worldwide maybe that's because of most of the country doesnt accept this yet new system, maybe soon they will conduct study regarding system. When the time comes that every people in the world knew bitcoin already the price will sky crochet and this is good but the opportunity will be less.

portotoi

full member

Activity: 280

Merit: 101

Blockchain with a Purpose

Quote from: ymirymir on August 13, 2017, 05:15:41 PM

Quote from: Rozita on August 13, 2017, 04:34:44 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.

Totally agree with this, just imagine if bitcoin spread out through out the world. People would panic and would want to learn how to earn BTC, the competition on earning bitcoin would be too high. The tendency is, earning through bitcoin would be lesser.

Yes you are right. I just realized it now...Then when the time comes that other people will recognize this BTC, we are already rich.

Tubig

full member

Activity: 212

Merit: 100

Quote from: Rozita on August 13, 2017, 04:34:44 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.

You're right, frankly, if few people knows bitcoin there's more chance for us to get rich. And if btc gets chronic, there will be more competition for all of us on earning, just like the typical job seeking.

viktors7

newbie

Activity: 39

Merit: 0

In our country really couple of people know about this and a lot of do not believe in crypto forex. Because they believe that this is a economic pyramid. It takes even a lot more time to provoke trust.

Jenna_G

newbie

Activity: 42

Merit: 0

Some ppl in Africa still don't know about Internet, so just give ppl some time
I think it's normal situations

rhodelmabanal

full member

Activity: 1140

Merit: 103

Buzz App - Spin wheel, farm rewards

This is true because 5 % in our population only know this thing and seems like other places are now learning this thing. My friend told me this and it seems more and more of my co workers know this thing. The time comes when people realize about this advantages of BTC they will leave their works.

jaysabi

legendary

Activity: 2044

Merit: 1115

★777Coin.com★ Fun BTC Casino!

Quote from: cryptocurious18 on October 13, 2017, 12:44:28 AM

Yeah, Bitcoin will become the premium way for people to pay online because feasibility and many other advantages, all people want to make more money for their family, price will increase people will more rich

Except nobody is using bitcoin to pay for stuff online. The vast majority of bitcoin is held as a speculative investment. There is an investment thesis that bitcoin will increase in value because it will become indispensable to future commerce, and it in no way is playing out that way. Bitcoin has become a hype machine, and the higher it climbs, the more the hype builds. People see new highs as validation that they're investing geniuses for recognizing this trend, when in fact, they're just piling on a bandwagon with little economic regard for the consequences or thoughts of utility. And the issue of utility is an important one, because without it, bitcoin is a bubble. When momentum runs out, the bubble bursts. So the best thing for bitcoin would be people using it as a currency and not a speculation vehicle, and in order for that to happen, it has to stop being so volatile, which is what has drawn so many people into it in the first place. It's a Catch-22.

cryptocurious18

full member

Activity: 140

Merit: 100

Yeah, Bitcoin will become the premium way for people to pay online because feasibility and many other advantages, all people want to make more money for their family, price will increase people will more rich

Deathgamer

member

Activity: 322

Merit: 10

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 most of the people didnt know bitcoin yet because it is not yet popular to all the people but if bitcoin will keep on increasing its value then the people will be surprise that bitcoin was totally exist and it is still growing and growing.

anhhung409

full member

Activity: 318

Merit: 100

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, we have not found a solution to make Bitcoin even more popular except when the government and the bank accepted it and considered it as a formal payment method. I think Bitcoin needs approval from the government and the government. For the people, Bitcoin is something so luxurious and untouchable that people can use it as cash.

Sendibere

full member

Activity: 196

Merit: 101

Many people really do not know this. And we can say they are not lucky. I think the time will come when the bitcoins themselves will come to them so they will know it and it is approaching. So let's get ready in the modern world where bitcoins are one of the means of payment.

putrii

full member

Activity: 420

Merit: 100

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 i know why bitcoin price is getting more expensive and this month bitcoin price is more expensive, because total bitcoin is limited and this month bitcoin do hardfork same as last month hardfork produce free BitcoinCash coin for those who have bitcoin balance.

chiepichie

newbie

Activity: 15

Merit: 0

I think so. Just like me when not yet belonged here, knowing that only few people are doing this even if we are lots.

TheKeyLongThumbI

full member

Activity: 448

Merit: 100

Quote from: Kelvinid on October 12, 2017, 06:18:18 PM

Quote from: Deathgamer on October 12, 2017, 05:39:54 PM

Quote from: Rozita on August 13, 2017, 04:34:44 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.

Its better that not all the people knoe bitcoin because im afraid that if most of the people will already know bitcoin and how to earn bitcoin im afraid that the price of bitcoin will drop so for me its better thay there are only few people know bitcoin so that it will still in a very high price.

IMO i'm quite afraid too that if most of the people will discover about bitcoin,it will be suddenly gone like any other cryptocurrencies.There will appear lot of scammers too that might destruct the potential of bitcoin.If this happens,i might lost my biggest source of income,and i know most of the people here in bitcoin community will feel the same too.

I understand you my friend. It's like more members here in this forum means more competition. I'm also praying that before the world discovers the cryptocurrencies, please let me be a millionaire first.

Sadlife

sr. member

Activity: 1400

Merit: 269

I guess this differ from country to country and the progress of that country if it's first world country or third world for example japan and US many people has knowledge about it because of most it's citizens use some modern gadget and they get easily informed by social media or other sources. If everyone can use the internet then they will probably come across bitcoin or will see it, this is one of the disadvantages of bitcoin but soon the devs will find out a way once it gets popular i hope bitcoin will be decentralized.

niceone

member

Activity: 88

Merit: 11

Yup bitcoin is not that popular same here in my country there are few store who accept btc. Is it really better if few people know's about bitcoin?? I mean there are advantages and disadvantages if bitcoin finally recognized by a lot of people, the only thing that i don't want to change in bitcoin is it being decentralized...

Topic: Most people dont even know what this is yet. - page 5. (Read 13571 times)