Topic: People still don't know about Bitcoin - page 19. (Read 5715 times)
Even in our country only few people knows bitcoin because its hardly being advertise on mainstream media and the awareness of people about is limited that's why bitcoin still not recognized by majority of people. Only i saw bitcoin being show on our national television that being used on scam investments, so that's why the negativity carries it only to people's mindset that bitcoin is scam and that's what make it hard to for bitcoin to get a positive feedback. Nonetheless, the information and education will only be the tool to spread positive awareness about bitcoin to the public.
There are many people who still don't know about bitcoin or other cryptocurrencies. I don't know about others I am talking about my country and about my society. Whenever I ask from people about or talk about the Bitcoin. They ask what is this?
How much there is who face this problem?
Use that Opportunity to Help the growing community of Bitcoin By extending your time Explaining and encouraging them to at least check it our In Internet.How much there is who face this problem?
That would be the first approach and then Add them in social media and send them good things about Bitcoin and other altcoins.
In this action you are not only helping the cryptocurrencies but also those people that has been denied of opportunity to understand Bitcoin and Maybe invest in this market.
There are many people who still don't know about bitcoin or other cryptocurrencies. I don't know about others I am talking about my country and about my society. Whenever I ask from people about or talk about the Bitcoin. They ask what is this?
How much there is who face this problem?
How much there is who face this problem?
Its common thing in all crypto irregulated country. There has some reason:
1: Government : First of all government dosen't tell about this technology to their people. That is why lots of people dosen't know about this.
2. Education : lots of countries people dosen't know because they are not aware about online or online share market. They don't understand blockchain.
In my country it is also same.
Many people ever heard about cryptocurrency or bitcoin through news or ads on the internet but only a few who really interested to learn more about bitcoin, we can assume probably around 1-2% of people worldwide know and own bitcoin.
Only a few governments that issued regulation about bitcoin in their country, such as the US, Japan, and Ukraine which recently the Ukrainian Ministry of Digital Transformation educate its citizens with the launch of an education cryptocurrency and blockchain television series.
source
With one study suggesting ~25 million cryptocurrency traders outside the USA & Europe, it seems quite likely there are over 100 million owners of bitcoins. If true, it means about 1.3% of the world's population owns bitcoin.source
I would say that when I observe people around me (I'm from Croatia) majority heard about bitcoin but they don't really know even basics. Out of those that heard about it, most of them still have rhinos that it's some kind of ponizi/pyramid scheme made for sole purpose by the rich to steal money from the poor and naive.
I know it sounds ridiculous, but that's what many people here think. What surprises me though is how many of the them are in IT business (programmers etc) and should be able to understand bitcoin concept better than some average Joe, and no amount of reasoning can change their mind.
I know it sounds ridiculous, but that's what many people here think. What surprises me though is how many of the them are in IT business (programmers etc) and should be able to understand bitcoin concept better than some average Joe, and no amount of reasoning can change their mind.
By looking at this we can see the importance of being informed and not being ignorant. I still regret not being informed enough in the past when Bitcoin has been launched and nobody knew about it.
Moreover, I have noticed that IT guys are overrated. Just because someone knows how to think algorithmically and write some code using a programming language, doesn't mean he/she is smarter than an engineer or a mechanic. Also there are so many branches of programming. If someone is a front-end coder, he might have never even heard about blockchain.
I would say that when I observe people around me (I'm from Croatia) majority heard about bitcoin but they don't really know even basics. Out of those that heard about it, most of them still have rhinos that it's some kind of ponizi/pyramid scheme made for sole purpose by the rich to steal money from the poor and naive.
I know it sounds ridiculous, but that's what many people here think. What surprises me though is how many of the them are in IT business (programmers etc) and should be able to understand bitcoin concept better than some average Joe, and no amount of reasoning can change their mind.
I know it sounds ridiculous, but that's what many people here think. What surprises me though is how many of the them are in IT business (programmers etc) and should be able to understand bitcoin concept better than some average Joe, and no amount of reasoning can change their mind.
Same situation here in my country only few are knowing about bitcoin even though most people here are using social media and because students are studying at home and uses internet the reason why internet coverage has widen up. But many still have no interest in bitcoin even though they seen some advertisement on social media about it, others think it is a scam. But I don't see it's our problem if they don't believe in bitcoin it's their lost not ours.
I'm not really surprised at all. I still believe only less than 0.5% of the world's population are actually adopting or knowledgeable about Bitcoin right now. Even if it's more than a decade old, Bitcoin still has long ways to go before the whole world would finally recognize it. Just like the evolution of money, transitioning from barter to gold to physical coins/bills really takes a lot of time (like we're talking about decades for instance). We just have to be grateful that we are the early adopters of Bitcoin, etc.
Not only that, there are still places that are not recognizing the usage of bitcoin because the government doesn't allow it to. There are also places that are not really innovated in terms of technology so we can say that the only ones that are using bitcoin are those who can access the internet and able to use technology with their own knowledge. But still, the knowledge about bitcoin is continuously spreading because of some reason like adopting, just like what happened when Paypal accepting bitcoin as payment. We are hoping that while technology is innovating the people are also gaining new knowledge and can understand the nature and benefit of using cryptocurrency. 
in my country i think less than 5% of people know bitcoin and note that in my country thousands of people use facebook, whatsapp and instagram and youtube and make purchases on the internet, so i can say that people from my country use social networks and technology. I wonder why people in my country don't know about bitcoin? and the only answer I have is lack of interest, perhaps because few people believe in making money on the internet or investing money on the internet
There are many people who still don't know about bitcoin or other cryptocurrencies. I don't know about others I am talking about my country and about my society. Whenever I ask from people about or talk about the Bitcoin. They ask what is this?
How much there is who face this problem?
Indeed they are so many people who have absolutely no idea what bitcoin or cryptocurrency is about, like in my country there are some thick interior villages who have no idea about bitcoin they normally make use of fiat for their daily transactions, even if they would decide to use bitcoin they don't even have good network to operate with, also 99% of them don't even know how to browse on the internet, so there's definitely no way they can know about bitcoin if they don't even browse at all, but I think it's up to us to educate them about it, and make them see the bright side of crypto. How much there is who face this problem?
There are many people who still don't know about bitcoin or other cryptocurrencies. I don't know about others I am talking about my country and about my society. Whenever I ask from people about or talk about the Bitcoin. They ask what is this?
How much there is who face this problem?
How much there is who face this problem?
I don't see it as a problem if a person I talk to about bitcoin doesn't know about it. you can't expect people to know what you know just because you know it. but if you want them to know or learn about bitcoin. just tell it, explain it on a way that they would understand it. what I see a problem is that when a person talking shit and spew false information about bitcoin without knowing about it and just following the crowd who hates it.
There are many people who still don't know about bitcoin or other cryptocurrencies. I don't know about others I am talking about my country and about my society. Whenever I ask from people about or talk about the Bitcoin. They ask what is this?
But it's limited and also rare for people at these present time not to know what is bitcoin because looking at digital world it's quite understood that cryptocurrency dominates majority of the countries, cryptocurrency is all about bitcoin because bitcoin is the mother of any other coins, from my views I would like to say that anyone that don't wants to know anything concerning cryptocurrency don't have interest or passion on it, because the advert or news of crypto is everywhere across the countries. There are many people who still don't know about bitcoin or other cryptocurrencies. I don't know about others I am talking about my country and about my society. Whenever I ask from people about or talk about the Bitcoin. They ask what is this?
How much there is who face this problem?
How much there is who face this problem?
Not all countries have access to good technology so it's normal that there are people who don't know about bitcoin or don't have any idea what is bitcoin at all.
If your not a techie person you probably end up not knowing anything about crypto, that is why bitcoin is still adapting in a lot of countries since there is no education about it.
Most of the people in my country are just afraid to try bitcoin just because of the scams online and they don't know what bitcoin really is because of the bad image of bitcoin on the news related to a lot of scams.
Until Bitcoin becomes mainstream it is only a concept that is heard of by others. This may be for the better as it allows people who know about it to take advantage of bitcoin before the it is adopted in the future. When Apple or Microsoft first came out it was simply a concept. As time transcended, it was finally adopted to the monopolies we see today.
I'm not really surprised at all. I still believe only less than 0.5% of the world's population are actually adopting or knowledgeable about Bitcoin right now. Even if it's more than a decade old, Bitcoin still has long ways to go before the whole world would finally recognize it. Just like the evolution of money, transitioning from barter to gold to physical coins/bills really takes a lot of time (like we're talking about decades for instance). We just have to be grateful that we are the early adopters of Bitcoin, etc.
It's not that most of the people don't know Bitcoin as most of us have heard the term Bitcoin but the understanding of bitcoin is limited to most of the people as some of them think it's illegal wherein few think it's like a gambling platform wherein a good number of tech geek and ordinary people understand what Bitcoin is really about. We cannot say people don't know Bitcoin especially after 2017 which made Bitcoin hot topic of the decade but it's rather people don't kniw it's functionality and features which they will gradually learn as we make further development.
Basically, it's how the majority of the people react whenever you ask them what bitcoin is. Are you expecting that each from your neighborhood knows bitcoin? they don't. Even in my neighborhood, I guess only a few of them knew about it but I don't know who exactly they are that knows it and the majority isn't aware of it. It will take time that most people will be aware of bitcoin. Not everyone has access to the internet and a tech-savvy.
This is why I don't buy it when people say Bitcoin is like early days of the Internet. The Internet was rapidly growing in ts early days, people knew about it and wanted to use it, but it was so expensive at the beginning, that few could afford it. Bitcoin does not follow the same road, its adoption and recognition are much much slower, because fundamentally they are too different - the Internet allowed us to exchange information like never before, while Bitcoin is only interesting to people who distrust fiat currency, which is a minority.
There are many people who still don't know about bitcoin or other cryptocurrencies. I don't know about others I am talking about my country and about my society. Whenever I ask from people about or talk about the Bitcoin. They ask what is this?
How much there is who face this problem?
How much there is who face this problem?
Truth is, in decades time; there will be no one that would know about bitcoi n; i say this categorically because people are just uninterested in bitcoin, not that they have not heard or witnessed its functionalities. A saying says, you cannot please everyone; so just do your bits; educate few around you and continue to learn more about the blockchain and bitcoin yourself.
There are many people who still don't know about bitcoin or other cryptocurrencies. I don't know about others I am talking about my country and about my society. Whenever I ask from people about or talk about the Bitcoin. They ask what is this?
How much there is who face this problem?
How much there is who face this problem?
Crypto market isnt still into its full adoption so its nor surprise that you will see these kind of reactions or questions from people who doesnt even know
that it did exist. 10 years time is still young and theres still lots of rooms for us to grow so dont get frustrated or got stressed when someone dont know about it.
So the best thing to do is to tell them even on the most basic information about Bitcoin and they might be get interested to it.
So far, i have explained bitcoin to my family and my relatives but it seems they arent that much of interested with it.
Bitcoin is a modern technology which is still new and will require time to be fully known by all around the world, the fact is this information is gradually getting to the people and at that very soon even the most remotely known place will start accepting bitcoin and other digital currency that will be easy to use across borders.
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