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Topic: People still don't know about Bitcoin - page 2. (Read 5717 times)

jr. member
Activity: 700
Merit: 1
Bisq Market Day - March 20th 2023
July 28, 2021, 06:21:40 PM
Most of the people I my country don't have enough ideas about bitcoin and virtual cryptocurrency because most of the people here living below poverty line and they don't have enough knowledge about internet and cryptocurrencies. A few amount of people here know something about cryptocurrencies and few people know Bitcoin as a illegal source.
hero member
Activity: 2968
Merit: 687
July 28, 2021, 02:59:22 PM
This post has been up for almost 6 months, the biggest problem here is that no matter how big technology is, a huge number of the population (of the world) isn't capable of learning or able to learn about Bitcoin or cryptocurrency, some numbers are the people who are not familiar with technology, people who are too old for this, and people who are too stubborn to learn anything new about the future, and that is why it is impossible for everyone to know about Bitcoin, unless if it's us who are old, maybe in the next 50 or 60 years I guess.
Simply means that there still a big room for adoption and its true that there are parts of the world which people doesn't able to hear or know bitcoins existence and if they do then expect there might

be some influx of users that would jump in into this market.Adoption is on the move and as the years would pass then expect that numbers or the community would even go bigger and bigger as we go ahead.

Lets not just rush things up because we would really be heading there.Even though we wont really make it as a mainstream thing but at least we are seeing some progress.
sr. member
Activity: 1218
Merit: 279
July 28, 2021, 02:38:06 PM
This post has been up for almost 6 months, the biggest problem here is that no matter how big technology is, a huge number of the population (of the world) isn't capable of learning or able to learn about Bitcoin or cryptocurrency, some numbers are the people who are not familiar with technology, people who are too old for this, and people who are too stubborn to learn anything new about the future, and that is why it is impossible for everyone to know about Bitcoin, unless if it's us who are old, maybe in the next 50 or 60 years I guess.
I know many people who thinks Bitcoin is scam. They don't believe in Cryptocurrencies and they don't even want to learn how it operates. Bitcoin is gaining popularity everyday, but I don't understand why some people don't still know about it. Although, many people are seeking for someone to coach them about the Crypto world and how it works.
sr. member
Activity: 1344
Merit: 261
July 28, 2021, 02:24:27 PM
This post has been up for almost 6 months, the biggest problem here is that no matter how big technology is, a huge number of the population (of the world) isn't capable of learning or able to learn about Bitcoin or cryptocurrency, some numbers are the people who are not familiar with technology, people who are too old for this, and people who are too stubborn to learn anything new about the future, and that is why it is impossible for everyone to know about Bitcoin, unless if it's us who are old, maybe in the next 50 or 60 years I guess.
member
Activity: 364
Merit: 10
July 28, 2021, 11:42:36 AM
Most of the people who know about bitcoin are young people who are passionate about new technology, while old people have very little understanding of the bitcoin market, many people think bitcoin is a scam because they heard incorrect information.  actually bitcoin market is still new so i think bitcoin will be more popular soon for everyone in the world.
full member
Activity: 257
Merit: 102
July 28, 2021, 07:32:47 AM
In here, the majority of people don't have any idea about it. Some people knows but they have bad impression on it, a scam or something.
Bitcoin is really good and will soon be adopted by many. All we need is support from anyone who has a wide knowledge about it to make us understand how it works, what its advantages, good side sides and profit that they can have. And also make us understand it's risk and other disadvantages, by having a seminar or education. A social media can also be used to explain it. By having famous influencer to attract people and be interested on it.
Because if they can't understand it, how they can use and adapt it.
 
sr. member
Activity: 882
Merit: 252
July 26, 2021, 09:06:58 AM
there.are so many ordinary people who do not understand the real world of bitcoin, but they only hear it.through the people around them.or they browse it.on the internet, but they have absolutely.no idea.how the real bitcoin business process.is, but if.they want to learn more then we will try to provide a detailed.explanation to study.bitcoin more deeply.to those who don't know it.yet, so that it.doesn't become.a negative.opinion of bitcoin in the eyes of the public
legendary
Activity: 1778
Merit: 1009
Degen in the Space
July 26, 2021, 06:24:16 AM
There used to be a lot of people who didn't know bitcoin. But since the 2021 bullrun, many people are already familiar with bitcoin. But still many people are still not aware of the technology that is in bitcoin. They just think of bitcoin as gambling. I'm sure they will all understand.
It's true that in my country there are still many who don't understand bitcoin.. However, this year there have been many important people such as artists, youtubers, or other celebgrams who already understand a little about bitcoin. Because they are more or less ordinary people also know bitcoin even though they don't know it fully.

Of those you mentioned, let's be honest here many of them jumped onto the bandwagon because they realized there is money to be made, especially when you got some reach on social media like Instagram. Some of them even launched their own coin, but seriously why would you entrust your money with a person that usually posts half naked pics on Instagram? ... For them it is not about spreading the word because they understand decentralization, it is about spreading the word because at the end of their promotion you'll get a code that you should use to buy crypto in order to make them rich.
I believe that the majority of folks who invested in cryptocurrency were just intrigued and wanted to take advantage of the potential to make money by investing. If no one is seeking to enter the market, the market will remain stable, with only a modest proportion of 24 hour gain/loss. So I don't think that jumping on the crypto bandwagon is a terrible thing; it helps the community expand, and most of us will profit if we enter and exit at the proper times, It's fine to go FOMO with good research. On the other hand, if you don't do any research, you'll be in big trouble. You shouldn't enter if it's merely a very shitcoin that'll probably rug pull soon or devs will leave after gaining.
full member
Activity: 584
Merit: 100
$CYBERCASH METAVERSE
July 26, 2021, 06:12:29 AM
This is due to the two facts people don't know about it because due to our government . Because government in most of the countries don't tell the people about bitcoin and don't want to do work in a way it should be. And another one is our education system doesn't tell about this that's why most of the people are unaware about bitcoin.
jr. member
Activity: 152
Merit: 1
July 26, 2021, 05:55:59 AM
Crypto market is one of the best growing investment platform in the world where bitcoin is the best crypto currency among the crypto market. So it should be known to all people who are known to crypto market. Without having internet how will people known to bitcoin because bitcoin is the internet base crypto currency. So there are many people who don't have scope to operate internet they are unknown to the bitcoin naturally. So its nothing matter for bitcoin also crypto market because vast smart people in the globe have already involved in the crypto market.
hero member
Activity: 1428
Merit: 538
July 26, 2021, 04:43:16 AM
There used to be a lot of people who didn't know bitcoin. But since the 2021 bullrun, many people are already familiar with bitcoin. But still many people are still not aware of the technology that is in bitcoin. They just think of bitcoin as gambling. I'm sure they will all understand.
It's true that in my country there are still many who don't understand bitcoin.. However, this year there have been many important people such as artists, youtubers, or other celebgrams who already understand a little about bitcoin. Because they are more or less ordinary people also know bitcoin even though they don't know it fully.

Of those you mentioned, let's be honest here many of them jumped onto the bandwagon because they realized there is money to be made, especially when you got some reach on social media like Instagram. Some of them even launched their own coin, but seriously why would you entrust your money with a person that usually posts half naked pics on Instagram? ... For them it is not about spreading the word because they understand decentralization, it is about spreading the word because at the end of their promotion you'll get a code that you should use to buy crypto in order to make them rich.
full member
Activity: 1106
Merit: 101
July 22, 2021, 11:49:54 AM
We cant say bitcoin is something new but for some areas and parts of world it is. There is no internet always, no proper news and education about crypto and main facts. Unfortunately many people have existential problems-food, wather or place to live. We dont think about it often. On the other side lack of knowlege is big risk and danger for newbies who want to invest.

Bitcoin was released 12 years ago, it's not exactly a new thing. But still very many people don't know about Bitcoin, maybe some people have
heard of it, but most still don't understand Bitcoin. There are still many places that do not have internet access, this is what makes many people
who ultimately do not get information about Bitcoin. Moreover, there are still many countries that reject Bitcoin, this is also a factor that makes
many people receive wrong information, because they think something the government refuses is a bad thing. It is very important for those of us
who already understand Bitcoin, help educate people around us who don't really understand Bitcoin. Little things we do by educating others
about Bitcoin, can have a big impact if done by many people.

The scope of information relies mostly with the internet and both of you are right,

Those who don't have internet are not aware with this investment currency while those who have and capable are still doubtful with
the way volatility really affecting the market. With said so, we still need to help the awareness  by sharing our knowledge that simple
act can deliver possible interest to more people around.

Most of people love to have paper money in hands and keep it in home still. We have others too , in usa or western europe who do it other way but big part of world we have many poor people without internet and no way to know about crypto, coins and other details. Bitcointalk as big forum helps to novice sure.
sr. member
Activity: 1820
Merit: 418
Telegram: @worldofcoinss
July 22, 2021, 10:35:27 AM

With those little steps, those people that think bitcoin is only for gambling, they will eventually understand that it can be used for almost every purchase and transaction, the same as fiat.

Yes, it can but most of the time people have a hard time believe something else other than what they heard about something the very first time.
I don't think that people who think Bitcoin is only worthy of being Gambled away will believe anything else unless their thought process is changed by some backed up practicality and they're open minded to perceive what's information being given to them but that doesn't work with everyone, Most rely on true and tried methods and can't use imagination.
sr. member
Activity: 1218
Merit: 279
July 22, 2021, 09:29:58 AM
There used to be a lot of people who didn't know bitcoin. But since the 2021 bullrun, many people are already familiar with bitcoin. But still many people are still not aware of the technology that is in bitcoin. They just think of bitcoin as gambling. I'm sure they will all understand.
Many people still believes bitcoin is scam. While Some just know the name "Bitcoin",  but don't know how it works and the benefits of investing in it. The Bullrun in early 2021 contributed to the popularity of Bitcoin. Bitcoin price rises to around $63k in April 2021. And I see the drop in price of Bitcoin now as an opportunity to invest more in Bitcoin, because it will surely rise. However, Bitcoin is getting popular everyday. With Time, more people will see and understand Bitcoin.
sr. member
Activity: 882
Merit: 252
July 22, 2021, 09:20:57 AM
I will always provide solutions.or explanations.for people who want to start a crypto business.especially for lay people who don't understand how the crypto world will perform for the future in.starting a business.they only know bitcoin on the internet and don't understand how.it works.the crypto world, such.as what steps.must be needed to start a.business
full member
Activity: 504
Merit: 100
The Standard Protocol - Solving Inflation
July 22, 2021, 07:53:33 AM
There used to be a lot of people who didn't know bitcoin. But since the 2021 bullrun, many people are already familiar with bitcoin. But still many people are still not aware of the technology that is in bitcoin. They just think of bitcoin as gambling. I'm sure they will all understand.
sr. member
Activity: 485
Merit: 250
July 22, 2021, 03:56:51 AM
There are about 7.6 Billion people on the planet and a recent survey showed that 9% of the world's population own Bitcoin. But the awareness of Bitcoin is strong across all age groups. Almost 50% people hared the name Bitcoin but even a smaller percentage of those that actually know what it is or how it works.

As people become more familiar with Bitcoin do they think of it more positively or negatively? that's the question.
legendary
Activity: 2492
Merit: 1215
July 22, 2021, 03:22:31 AM
My parents still know little about Bitcoin and cryptocurrency.

Once I've made a mistake, giving a wrong example of Bitcoin usage. When we were discussing some technical stuff with my father, I've told him that he should get a separate notebook for car diagnostics programs and other programs and dont install everything on his notebook he uses for work. I've told him how hackers got into someone's PC, lock it and extort money for unlocking. They ask money to be send in Bitcoin or crypto, as it will allow them to stay anonymous.

He thinks now that Bitcoin is used for bad deeds and is a pyramid. 
full member
Activity: 1554
Merit: 123
Buzz App - Spin wheel, farm rewards
July 22, 2021, 03:10:10 AM
I agree that a lot of people between their 20s and 40s understand bitcoin and digital currency investing. Parents over the age of 50 are more likely to believe in real-world investments such as restaurants, food businesses, or clothing sales.
full member
Activity: 658
Merit: 101
July 22, 2021, 02:46:02 AM
Bitcoin is just about 11 year in existence, so we shouldn't expect everyone to know about it especially in a country that has limited access to the internet and low exposure to things happening around the world. Cryptocurrency is still spreading with time and more persons are still going to know about it in less than no time. Some people in the developing countries or under develp are very much with high percentage of being ignorant about it.

Many individuals still don't believe in online investment due to their past experience or news that had been flying around about how dangerous Bitcoin can be since it's has some level of privacy which can be difficult to track. With the nature of risk that are imbedded in cryptocurrency, many still see no reason of taking such adventure that could be detrimental as some level, creating discouragement and disappointment to people that might be interested in it.
Agree with you for those people who don't have access to the internet i think it's normal for them to don't know about bitcoin, in my country there still many people don't know about bitcoin especially for those people who has age in range (40+).

Bitcoin is very popular on range age 20-40 because at that age there still productive and want to be rich instantly and they think bitcoin is the key to reach their dreams.
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