Topic: Public Perspective towards Bitcoin - page 3. (Read 794 times)

The perspective changed a ton from the first time I got it. The day I joined crypto was early march of 2013 if I am not wrong, I heard about it in late 2012 but got it in early 2013 basically. During those days it was all drug money and money laundering and all the troublesome stuff and not the real things, like an investment. Obviously, that has changed a ton lately and there are a lot of people who are considering this as a bad thing even today but most of the people in the world ended up liking it and investing in it and now we have a lot better. Obviously, the price changed as well when the perspective changed, and that is still growing.

With the recent bull market, massive number of people learned and took the experience of using crypto. I believe that my country oponion about bitcoin is 50/50. There are people who really understand it and knows how it works but there are also people who only think of it as a negative investment or something that they can lose money. I believe this is the product of those scam projects which is prominent during bull market. I think it is the reason why they think bitcoin or crypto is a whole scam because they got scammed by some project. To be honest, most of my countrymen like easy money and can easily blinded by too good to be true offer that is why so many of my countrymen got scammed by fake/scam projects. This is the result of being unknowledgable on things you put your money on.

Feels like every year people becoming more positive towars btc due to time

There is an opinion in society that both Bitcoin and cryptocurrencies are something negative.But lately at least in my country, the attitude towards crypto has become much better and more people are joining the industry.Many young people have become interested in investments, as this is a more convenient way all you need is a phone and internet for this.One thing I can say for sure is that there is a positive trend towards the adoption and use of crypto in the community as there is much more information and instructions on the web.

Hold Up! Do some people believe Bitcoin is outdated tech?
I'm literary laughing loud at this because this is up there with the dumbest misconception I've heard about Bitcoin and trust me I've heard a lot. Lol. This is so funny

This is another thing I found funny. The internet also increased the crime rate, I don't see any of them calling for the ban of the internet. You can't blame the invention when it's people that abuse the invention. There are a whole lot of inventions that are been abused today. The benefits of Bitcoin in the society or economy greatly outweigh the demerits.

Actually, in conditions like this, I think we just need time for that because indeed the longer the conditions will change, especially the interest in bitcoin is now being felt more and more.
But for everyone's perspective and views on things like this I won't really mind too much if there are still many who think that bitcoin is a waste of energy or maybe one of the tools for crimes committed for ponzi or terrorist schemes because that's what they think and i don't care about that.
I just focus on myself regardless of what others think it is bad it doesn't matter even though this is a little disturbing the growth of bitcoin.

I would say that taking over the media would be a good way to start, and convincing the politician and the rich would be the first step for it. If the billionaires end up liking bitcoin, they would invest into it, and the media channels won't be able to say too many bad things about bitcoin because their overlords (the wealthy) would be investing into it and if they ever do that they would get fired.

This is why if we could make the rich people also stand with us on bitcoin topic, then we are going to see the media saying good things about it. Obviously there are people who go against things even when everyone supports it, but that's a smaller percentage and it's fine.

Show them. Don't tell them. There's too much talk about bitcoin. Too much trying to convince and persuade the naysayers. The public ( not everyone) has their different opinions and perceptions about Bitcoin based on their own experiences. Start with one person in the public and not like 5 people.

So, like I said show them don't tell them. Show them the practical application and real life use cases of Bitcoin in money transfer,  cross border payments, identity management, real estate, decentralized finance, in retail, in smart contracts,Send them video and audio links, send them books on Bitcoin and cryptocurrency, invite them to Bitcoin and cryptocurrency conferences where they will meet and network with professionals doing amazing work in the industry. If after you have done this and their perspective doesn't change then let them be.

It's not their fault or ours. Bitcoin is a currency, but somehow it has been used as an investment since its earliest years, and stories of early bitcoin investors have grown rich. All of that has spread to this day, so there's nothing wrong with later generations seeing bitcoin as a place to make money rather than to be used as currency.

I don't know if that view will change in the future or not. But the concept of bitcoin as an investment is still spreading more and more every day, even on this forum, people talk about investment more than a payment method.

When I first learned about crypto, I was curious and due to my curiosity, I had dived deep into it to learn more, and the first few months of my experience all I could say is that this number 3 or yours is what I definitely understood about what bitcoin is. Even until now, I still view bitcoin as something special and only few people who are lucky enough to adapt earlier and those who truly understood bitcoin deserved to own those. As what you've said about this being special, most people I met from way back years ago up until now, some of them only view bitcoin as an easy money that is in the middle of being legal and illegal. Nobody even bothered to understand that the first purpose of it is to become a currency, but instead they'd all go look at it and think "Yes! this is it! this is money, money and more money!". That's just how they view it, maybe time will come when they look at it very differently, and that's how people usually are, they have varying opinions and perception.

The public view on bitcoin is highly of the negative this is because the usage and awareness is very low compared to those oblivion about the technology entirely. And there are fundamentals factors leading to this limited usage and negative perspectives, which are;
1. Many of these persons has had a bad investment experience's with some online financial schemes like virtual mining, chain-investment a kind of an online invest where you put in a certain amount of money to get back out capital and a 100% percentage profit. But all of these eventually ended up becoming a scam and their assets cated away. These experiences makes them flew away from anything of that nature thereby earthing a wrong impression and perspective from them towards bitcoin liken it to be like those others.

2. An acceptance of bitcoin by the government of a country to operate is a key factor to making and improving confidence of it's citizens on the technology. So a situation where the government strictly place a ban on cryptocurrency operations the very citizens would ignorantly believe it to be unworthy of trust and usage.

3.  This is an ardent truth for me which is, I believe bitcoin is a special technology and it being special I don't expect everyone to partake in it except for the few special people that understands the benefits tied to it.

But that been said above, we should try in our own little way to change the narrative about bitcoin within our little space,

When the first appearance of bitcoint was popular in my country, there was a lot of confusing news regarding bitcoint until the government took the position that the state did not justify transactions or things related to bitcoint because this was a new thing in that year, another slow bitcoint became known to the public and business people joined because they were interested with the value of this Crypto currency, and now the government is facilitating it with special regulations related to Crypto currency, but there are still many people who don't know enough about this bitcoin, plus environmental problems due to miners that cannot be denied, especially those on an industrial scale with electric power thousands of megawatts which can affect the electricity around their area.

Bitcoin had a pretty negative public image when people were starting to learn about it, I think, and that was because it made the news due to Darknet websites using it. So it was literally perceived as a kind of money that criminals use online. But gradually, as different famous people and companies started getting interested and then some charity foundations started accepting Bitcoin as well, it started being something more, framed differently than before to the public. The only major negative sides to Bitcoin nowadays are IMO the belief that it is harmful to the environment and perhaps the belief that it helps launder money. But still, I think that the reputation of Bitcoin has greatly improved over time and will continue to do so.

I can relate to this one with the series and a movie that I was watching last year and suddenly Bitcoin's reference came in. So there are a bunch of FBI staff going around who are looking into drug smuggling and how the payment was made remains a mystery. Sooner FBI find out that they were not able to track the transaction because it was done through Bitcoin.

They also showed that it was next to impossible for them to track from where those bitcoins were sent. They have shown themselves completely confused and reaching a dead end. It was too much more exaggerated scene than what I am explaining here.

So yes they always show bitcoin in negative reference. It should be changed in the course of making such movies/series.

Independent of they see as a bad thing or scam or whatever, it usually comes down to Earning to them, how much they can win, that's why their interest goes from 0 to 100 real fast in ATH's, it's almost sickening. but maybe this time is different, who knows ,one more ath in 2 years and we will study again.

Do not waste too much time on anyone that does not believe in bitcoins or choosing to hold their negative perspective still. You can share the facts and give the person proper information, but do not try to force your opinion on them so they do not think that you will gain something from them joining or choosing to invest in bitcoins. Environment affects perspective, and you will be surprised how many people's perspective have been affected by public opinion, they choose to just accept what has been said about bitcoins without going out to try to find out on their own if what they have been told and made to believe is true. Many people have accepted wrong ideas and information about bitcoins. If you try to correct this people and if begins to want to turn into an argument, just stop talking and let them be.

The answer to your question is in your post, like if people are consuming bad opinions from whatever source and taking BTC as wrong then all we can do is show them the right path. It does not matter how you will do it like by talking to them directly or by increasing the good opinion to be consumed by them so they could think of it as good.

Overall, this factor has some significant importance but to some extent, people need basic knowledge and confidence in themselves so that they do not depend on the research or opinions of others. One thing that they assume about BTC as being bad is, regulatory restrictions and less educational content like if at the start, due to no access to the right knowledge I left BTC then again I step feet into crypto and found this forum and after some time I started to understand basics of crypto after which, I totally understand how things work.

I have seen most of the people who try to ask their friends or relatives involved in BTC about its origin and purpose, those who taught them like from an advanced level or try to teach them very hard idk why. But this confuses them and they tend to leave it. That's why we should teach those who find it hard to learn about BTC and blockchain.

I think against you, bitcoin is still very new, and the popularity of bitcoin varies from region to region. In my area, many people have never heard of bitcoin, let alone are willing to learn about it. We live in a world of 4G and 5G technology, but the internet has only been popular in my area for the last 2-3 years, which shows that many places do not have full access to the technology. The generation of my parents and uncle even had difficulty using Facebook or TikTok, so it was impossible for them to learn about bitcoin.

The reason why government is againest decentralized crypto not the centralized one is that government by no means can control it. Its really that simple.
Coming to bitcoin, I would say its not created to replace existing banking and Fiat system rather it has its own reason of existence and will exist side by side with traditional banking system.
The positive news for bitcoin is that despite governments hard stance on it, its community is gradually increasing. The only way bitcoin can progress is through its community since there are rear chances that government will accept it.

You can point some if the people managed to change their life into rich by investing at the right time and this will convince most of the people because money matters the most to everyone in this world. Explaining the importance of decentralized monetary system is the right way to do it but the common man can't be able to understand all these since we never thought about what is money anywhere, all we taught was work hard and make money.