People still don't know about Bitcoin - page 20.

Axelseseclevz

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Quote from: Cryptomint9 on November 29, 2020, 10:46:42 AM

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?

I think everywhere bitcoin is not really familiar to others. Even they heard it but still doesn't know what bitcoin really is and how to use it. Specially those people live in remote areas where the internet connection is poor and there is only few people using gadgets and computer. But time will come when they will probably know about it and use it because bitcoin adoption continues to grow.

pawanjain

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Nothing lasts forever

Don't be surprised. There are many people in this world who don't know about bitcoin. Fortunately most people in my circle have heard about bitcoin although they have not bought any of it.
If any of them ask me what it is, I explain it to them without any hesitation. Even Yesterday I and my friends were a little high and one asked me about bitcoin.
I didn't had to put in much effort since I was keeping on saying him more about bitcoin. He was fascinated when he got to know that the creator of bitcoin is still unknown.
The point being that even if there are people who don't know what bitcoin is, we should try to make more number of people aware about bitcoin.

Yatsan

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It is actually not a surprising scenario anymore for the fact that despite Bitcoin's outstanding popularity, still there are lots of people who do not certainly know or do not really have any idea to identify what Bitcoin really is. We cannot blame them though for there are many reasons why they do not know it. Maybe they are not up to date into the world news which you can encounter Bitcoin actually even at local news. There could also be a possibility that they do not have any close friends or relatives that know Bitcoin so they do not have any idea about it or they certainly do not care about it anymore. It is just fine though we cannot push them to identify Bitcoin because we do have our own reasons to get into or not. It is just up to the willingness and available resources for people to know and be able to make use of Bitcoin. Some or most are just not being able to have enough knowledge about it which makes them somewhat ignorant about Bitcoin's existence.

Sterbens

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Quote from: Cryptomint9 on November 29, 2020, 10:46:42 AM

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?

it is true that not everyone knows what bitcoin is, especially for the general public. As for some who know only bitcoin it's expensive and many think that only rich people can buy it. that's what I often find in some circles of the general public.

therefore we as people who are struggling in the world of cryptocurrency, it is time to provide insight to friends, neighbors and family. explains what bitcoin is, its purpose and benefits. and the advantages of investing in bitcoin.

so that gradually the understanding of the general public is no longer limited by just knowing the price, but in terms of the aspects of its benefits and uses for daily life and the future.

Casdinyard

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Quote from: Cryptomint9 on November 29, 2020, 10:46:42 AM

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?

Maybe that is due to the prohibition in your country, and probably there is. Bitcoin is having wide popularity at this moment because of the impression created from it wherein profit is assumed to be easily earned due to the increase in its market price. Little do they know that the market price is not consistently increasing and there are times of market price downfall resulting to partial profit loss. These assumptions are simply what making this technology popular so if it is not having influence in your country there might be factors affecting the spread of its popularity or influence, more likely prohibitions.

finaleshot2016

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Always assume that some people still doesn't know about bitcoin because it's not part of the curriculum, it's just an application of technology and economics.

If we're talking about people in the provinces, I'm sure that most of them doesn't know about it. If you have studied about computers and finance, I'm sure they know about it but not all are using it.

Even they talk bitcoin in the news. I still doubt that some still remember what is it. So even bitcoin is getting popular right now, I guess it's just popular within our community.

Tushar Ramani

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Having a look at the comment, it seems everyone is facing the same situation. If people don't know about BTC, who are these guys trading BTC causing deep and bounce? Lol! Anyway, I would rate my country lower than yours in bitcoin awareness matter.

wxa7115

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Quote from: Cryptomint9 on November 29, 2020, 10:46:42 AM

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?

This is very common in my country as well, most people are only interested on their own lives and for the most part they are not interested in something that does not improve it immediately and when you add almost no financial education then they have no interest at all in bitcoin, stocks gold or anything related to things like that.

It is disappointing but this plays to our advantage if those people keep ignoring bitcoin then that means that we have a bigger window of time to get more of it while we can and by the time they get to know about bitcoin it will be too late for them while we will be enjoying or profits.

Alucard1

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Well, that is not surprising, even though the community of bitcoin is now bigger than before, there are still some people who don't know things about crypto, first of all, cryptocurrency is not a part of the program in school, so there is no way to learn about it unless you explore the internet and find things about it. The second is that not all countries have a stable internet connection so it would be a big struggle for them to access the cryptocurrency. The third is they already contented on fiat currency.
The number of people who don't know things about crypto is greater than those who know it.

ChrisPop

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Quote from: Cryptomint9 on November 29, 2020, 10:46:42 AM

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?

Yep, the same situation here. Although Bitcoin is making roars through the investment funds and big companies, a very small percent of the population actually knows what Bitcoin is. I don't expect the adoption to happen overnight, but I'm sure that a lot of people who standed on the fence will try to scoop up some satoshis once they see all these institutions chipping in. The numbers are a bit high so it takes a bit of education to realise that you can buy a fraction of a whole Bitcoin.

RapTarX

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Cryptocurrency is still fairly new concept among the majority of the people. I remember when I was talking about cryptocurrency with some of my friends (explaining how cheap and easy to transfer money), most of them had never heard about the word. Even though, some of them knew about bitcoin, their knowledge was very little in this space.

Imran232

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Quote from: Cryptomint9 on November 29, 2020, 10:46:42 AM

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?

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.

mk4

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Are you really surprised though? Even though a lot of people(especially in countries like the US) have heard of Bitcoin, most of them still doesn't really know what it is and what it's for; probably besides the fact that it's totally digital.

Do I see it as a problem? Nah. In the first place, I just don't randomly talk about Bitcoin(because $5 wrench attacks[1]). But if it comes to topic when I'm talking to someone, I'll gladly answer questions. I just always make sure to tell them that I lost my coins in a boating accident.

[1] https://cryptosec.info/wrench-attack/

Cryptomint9

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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?

Topic: People still don't know about Bitcoin - page 20. (Read 5718 times)