Topic: People still don't know about Bitcoin - page 5. (Read 5717 times)
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 is a new currency. And there are many areas where internet is not available. So, without internet crypto currency is nothing. Because it is used only over the internet. In developed countries internet facility is available. So, there peoples know about this currency and trade in this currency. So, i think this is the reason.
For your information Bitcoin is 12 years old! I don't think we can consider it still new but rather a mature and great accomplishment in the realm of economics!As for the rest of your comment, it really depends on what you want to do with BTC because even if there's no internet and I want bitcoin long term, I can easily create a paper wallet and have the BTC sent to it. And I can do it without Internet.
There might be a less possibility of medias spreading news on bitcoin or on any other crypto currencies in and around where he lives. It does even matter of whom he is surrounded with.
Recent height of BTC to $61k, really astounded huge investors and brought them into crypto currencies. There was a talk everywhere on medias about bitcoin and doge if you remember of Elon's tweets impacts on crypto market. Media plays a great role here.
Bitcoin is a new currency. And there are many areas where internet is not available. So, without internet crypto currency is nothing. Because it is used only over the internet. In developed countries internet facility is available. So, there peoples know about this currency and trade in this currency. So, i think this is the reason.
For your information Bitcoin is 12 years old! I don't think we can consider it still new but rather a mature and great accomplishment in the realm of economics!As for the rest of your comment, it really depends on what you want to do with BTC because even if there's no internet and I want bitcoin long term, I can easily create a paper wallet and have the BTC sent to it. And I can do it without Internet.
some people who understand what bitcoin is but they don't know fully how the definition of bitcoin and how it works from bitcoin, because many people give their definition unilaterally with bitcoin and continue to give bad opinions in their own way, maybe that's the basic principle people who don't know about bitcoin
There would be someone who would really be making out reactions or their own views towards bitcoin without even having done their assignment or making our some research firstand then they do really make out some conclusions that something which is on negative or totally a false one.Honestly it is really just not that complicated for someone
to understand bitcoin but there are circumstances which do really prohibit someone on able to do so. Ex. remote places doesnt have internet.
some people who understand what bitcoin is but they don't know fully how the definition of bitcoin and how it works from bitcoin, because many people give their definition unilaterally with bitcoin and continue to give bad opinions in their own way, maybe that's the basic principle people who don't know about bitcoin
Bitcoin is a new currency. And there are many areas where internet is not available. So, without internet crypto currency is nothing. Because it is used only over the internet. In developed countries internet facility is available. So, there peoples know about this currency and trade in this currency. So, i think this is the reason.
May need the role of the state to provide easy internet access so that everyone can benefit from bitcoin. unfortunately bitcoin only works in the internet network and this is the biggest problem for development of bitcoin, many countries find it difficult to get internet.
Bitcoin is a new currency. And there are many areas where internet is not available. So, without internet crypto currency is nothing. Because it is used only over the internet. In developed countries internet facility is available. So, there peoples know about this currency and trade in this currency. So, i think this is the reason.
People may have heard of it by now but are still skeptical bc they haven't done their own research. I asked a relative overseas yesterday if its in the mainstream news there and the answer was no. Also they were skeptical bc its not something physical so they have a hard time understanding how it works.
But in gaming, AXIE and other games like AnRKeY X are gaining popularity as people can never believe that they can play to earn and sell their NFT. Future is bright for DeFi Gaming.
But in gaming, AXIE and other games like AnRKeY X are gaining popularity as people can never believe that they can play to earn and sell their NFT. Future is bright for DeFi Gaming.
Unfortunately, there are still many people who have no idea about Bitcoin. But this pandemic period helped many more people meet Bitcoin and the market. But many of them are making investments blindly also. They don't have much information about the market. They just make some investments randomly or trusting someone's advices. And this is really bad and very risky.
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?
There are many people who are 50+ who will only have heard about vague references to Bitcoin in the news and will never know anything about it. They will never need to use it in their lifetime, especially as it has become more like a commodity rather than a functional token used to buy stuff. It is probably for the best because they will be much more susceptible to losing money in things like scams or fake adverts.
there.are so many people who don't understand about bitcoin and how it works.therefore we need to shed light on how bitcoin actually works.for a business process that is very, very profitable.in its.business processes.for our lives in the future, and not there.is another.negative opinion.towards the crypto world
it is true that there are still many people who do not understand bitcoin in depth but people know bitcoin is just a name but do not know the use of bitcoin. if we explain to them then surely they will understand the use of bitcoin, I try to explain bitcoin to my friends and they are easy to understand.
there.are so many people who don't understand about bitcoin and how it works.therefore we need to shed light on how bitcoin actually works.for a business process that is very, very profitable.in its.business processes.for our lives in the future, and not there.is another.negative opinion.towards the crypto world
it is true that there are still many people who do not understand bitcoin in depth but people know bitcoin is just a name but do not know the use of bitcoin. if we explain to them then surely they will understand the use of bitcoin, I try to explain bitcoin to my friends and they are easy to understand.
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?
This is one of the few daily surprises that I get. Everyday when I meet people, I asked them about bitcoin and I find it surprising that large percentage of them do not know what bitcoin is and those that know it know nothing more than it is digital money.
What makes this surprising is the fact that bitcoin is over decade old and has risen exponentially in terms of adoption in the mainstream but the fact is that there are a whole lot of people who don't know bitcoin. This just proves that there's is a lot to do in terms of adoption in the mainstream world.
We cannot help to notice that the awareness of Bitcoin or cryptocurrencies, in general, is different across zones and regions. In my country, the southern part is well more knowledgeable in crypto trading than the North, and not that crypto is not known up north but when we start looking at the percentage of people that know and are engaged in trading crypto. Most people north don't know what it is and even if they did know, are not willing to invest in something they can't physically hold, it is just their nature but one thing is clear that most of the people that are engaged in crypto right now up north are millennials and with time it will even be widespread.
Probably because it depends on how widespread technology or how knowledgeable are people with the current trends that is affecting the popularity of bitcoin and cryptocurrencies in different regions, plus we don't really feel it because we are surrounded by people who are knowledgeable about cryptocurrencies. My experience is also like this, many are quite understanding, but many do not dare to try to invest in Bitcoin...
it's really hard to make ordinary people believe that Bitcoin is a very good investment when that person believes more in FUD about Bitcoin that is spread in cyberspace. they will surely be very sorry for refusing to believe in Bitcoin today.
Nothing but regrets after refusing to invest and support this great opportunities from Bitcoin investment.
Hard to convince if you are just talking about it, but once they witness how big the profits that you gained from your investment,
they'll start trying to find ways to imitate your success, worry not about them, just let them explore and engaged for their own benefits.
there.are so many people who don't understand about bitcoin and how it works.therefore we need to shed light on how bitcoin actually works.for a business process that is very, very profitable.in its.business processes.for our lives in the future, and not there.is another.negative opinion.towards the crypto world
it is true that there are still many people who do not understand bitcoin in depth but people know bitcoin is just a name but do not know the use of bitcoin. if we explain to them then surely they will understand the use of bitcoin, I try to explain bitcoin to my friends and they are easy to understand.it's really hard to make ordinary people believe that Bitcoin is a very good investment when that person believes more in FUD about Bitcoin that is spread in cyberspace. they will surely be very sorry for refusing to believe in Bitcoin today.
there.are so many people who don't understand about bitcoin and how it works.therefore we need to shed light on how bitcoin actually works.for a business process that is very, very profitable.in its.business processes.for our lives in the future, and not there.is another.negative opinion.towards the crypto world
it is true that there are still many people who do not understand bitcoin in depth but people know bitcoin is just a name but do not know the use of bitcoin. if we explain to them then surely they will understand the use of bitcoin, I try to explain bitcoin to my friends and they are easy to understand.
Bitcoin is a cryptocurrency created in 2009 using the alias Satoshi Nakamoto. Normally, transactions are anonymous and are made with no brokers or intermediaries. You can't physically use bitcoin, it's a digital currency. And it's decentralized, meaning that it isn't controlled by a bank or government.
Man in my own country Indonesia, some people even store their money under the bedroom!
yeah, it's on villager place but the reason was so funny, because they don't trust the bank, they said something along this line " What if the bank got on accident like a fire spread over or the bank or robber rob the bank, what about our money? "
Yeah it's still more and more popular over here, but I can say, we are still early.
the same as in my country, it is the effect of many people who are too ordinary and tempted by the quick profits of bitcoin so that scammers use it to commit fraud with the promise of making big profits in a short period of timeyeah, it's on villager place but the reason was so funny, because they don't trust the bank, they said something along this line " What if the bank got on accident like a fire spread over or the bank or robber rob the bank, what about our money? "
Yeah it's still more and more popular over here, but I can say, we are still early.
I think we should give a lot of education to beginners before they enter the market because it will tell you the safest and best way to invest in cryptocurrency
Man in my own country Indonesia, some people even store their money under the bedroom!
yeah, it's on villager place but the reason was so funny, because they don't trust the bank, they said something along this line " What if the bank got on accident like a fire spread over or the bank or robber rob the bank, what about our money? "
Yeah it's still more and more popular over here, but I can say, we are still early.
the same as in my country, it is the effect of many people who are too ordinary and tempted by the quick profits of bitcoin so that scammers use it to commit fraud with the promise of making big profits in a short period of timeyeah, it's on villager place but the reason was so funny, because they don't trust the bank, they said something along this line " What if the bank got on accident like a fire spread over or the bank or robber rob the bank, what about our money? "
Yeah it's still more and more popular over here, but I can say, we are still early.
I think we should give a lot of education to beginners before they enter the market because it will tell you the safest and best way to invest in cryptocurrency
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