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Topic: This is the Real Reason people are interested in Bitcoin (Read 1854 times)

eid
hero member
Activity: 616
Merit: 500
I would say that the real reason that most people are interested in Bitcoin is because they are hoping that the price skyrockets and it makes them money.

Obviously there are some libertarians that like the thought of taking the power of money away from the Fed and Gov't, and then there is a smaller number of people that are interested in it's potential for micro-transactions.

At the end of the day, I would say the largest percentage of people are here because they are hoping to hit it big like some of the early adopters that got in in the single digits.  

Those reasons aren't mutually exclusive. A person can desire financial success and wish to change the world at the same time.

Yeah true, but I would say that 75% of people would rather have the wealth, than the ability to change the world.  Its not a coincidence that the wall/price observer thread is probably the most active thread on this entire forum.


Sadly I can't argue with this. People are very short sighted in general and often fail to see what really generates happiness, hence the state of the world.
full member
Activity: 165
Merit: 100
The train has left the building.

General public are usually the last wave of bag-holder.
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
I would say that the real reason that most people are interested in Bitcoin is because they are hoping that the price skyrockets and it makes them money.

Obviously there are some libertarians that like the thought of taking the power of money away from the Fed and Gov't, and then there is a smaller number of people that are interested in it's potential for micro-transactions.

At the end of the day, I would say the largest percentage of people are here because they are hoping to hit it big like some of the early adopters that got in in the single digits.  

Those reasons aren't mutually exclusive. A person can desire financial success and wish to change the world at the same time.

Yeah true, but I would say that 75% of people would rather have the wealth, than the ability to change the world.  Its not a coincidence that the wall/price observer thread is probably the most active thread on this entire forum.
sr. member
Activity: 266
Merit: 250
Money is a very strong incentive to get involved with things. If it wasn't for the stories about enormous gains over a relatively small time frame, bitcoin wouldn't have received that much exposure. That's also the reason why those coins that are directly backed by the USD 1:1 are going to fail.
People are hoping to have similar outsized gains in the price of bitcoin when they invest/speculate in bitcoin.

The main reason people want to use bitcoin is because it is more cost effective then alternative payment methods.
full member
Activity: 210
Merit: 100
Money is a very strong incentive to get involved with things. If it wasn't for the stories about enormous gains over a relatively small time frame, bitcoin wouldn't have received that much exposure. That's also the reason why those coins that are directly backed by the USD 1:1 are going to fail.
full member
Activity: 210
Merit: 100
★☆★ 777Coin - The Exciting Bitco
boy howdy!  gonna take me some of my near worthless fiat and try to make even more worthless fiat out of it!  that's the plan for me :-)
GTA
member
Activity: 90
Merit: 10
Its a shame its such a shit song
eid
hero member
Activity: 616
Merit: 500
I would say that the real reason that most people are interested in Bitcoin is because they are hoping that the price skyrockets and it makes them money.

Obviously there are some libertarians that like the thought of taking the power of money away from the Fed and Gov't, and then there is a smaller number of people that are interested in it's potential for micro-transactions.

At the end of the day, I would say the largest percentage of people are here because they are hoping to hit it big like some of the early adopters that got in in the single digits. 

Those reasons aren't mutually exclusive. A person can desire financial success and wish to change the world at the same time.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
Yes. People hoping bitcoin can go up in value so they can exchange it for "more" dollar.

As fiat "crumbles into dust", an increase in BTC/Gold is more desirable than BTC/cash_prices.
sr. member
Activity: 406
Merit: 250
Why must we proceed with the assumption that profit is a bad thing? Some of the most important inventions in history were invented because people wanted to use their talents to improve their lot in life.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
Nice video

I enjoyed the rap song and the ladies of course
He-he I was thinking thats fiat for you got some wet paper guys  Grin

Hmm more than money to Bitcoin now that is an interesting question
Perhaps a Civ 4 Song combined with a sweet video about Bitcoin
https://www.youtube.com/watch?v=HQfa5E1o_tc
full member
Activity: 154
Merit: 100
I would say that the real reason that most people are interested in Bitcoin is because they are hoping that the price skyrockets and it makes them money.

Obviously there are some libertarians that like the thought of taking the power of money away from the Fed and Gov't, and then there is a smaller number of people that are interested in it's potential for micro-transactions.

At the end of the day, I would say the largest percentage of people are here because they are hoping to hit it big like some of the early adopters that got in in the single digits. 

I'd have agree with this, I'd like to see the mentality change but it will likely take time!
full member
Activity: 181
Merit: 100
Yes. People hoping bitcoin can go up in value so they can exchange it for "more" dollar.
hero member
Activity: 798
Merit: 500
Time is on our side, yes it is!
The earnings are the smart incentivization scheme that satoshi designed for driving mass adoption. Let this group of people enjoy their game... As for the rest... just follow your principles (if you have them) and learn to dream




Exactly how i feel, people my have the wrong ideas for what Bitcoin is about and what financial freedom really means.  I believe in time we can change and learn new ways to appreciate success and happiness.
sr. member
Activity: 333
Merit: 250
Commander of the Hodl Legions
The earnings are the smart incentivization scheme that satoshi designed for driving mass adoption. Let this group of people enjoy their game... As for the rest... just follow your principles (if you have them) and learn to dream


legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
I would say that the real reason that most people are interested in Bitcoin is because they are hoping that the price skyrockets and it makes them money.

Obviously there are some libertarians that like the thought of taking the power of money away from the Fed and Gov't, and then there is a smaller number of people that are interested in it's potential for micro-transactions.

At the end of the day, I would say the largest percentage of people are here because they are hoping to hit it big like some of the early adopters that got in in the single digits. 
hero member
Activity: 616
Merit: 500
Nothing will be adopted if doesn't give personal advantage to the users, no matter how good or revolutionary it would be to the society in general.

 So it shows that bitcoin has some change of sucess, and not another good thing deemed to failure
hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU
How do we show people there is more then money to bitcoin?
We wait. Time will show all.
hero member
Activity: 616
Merit: 500
Crypto Knight
This is the real reason people are interested in Bitcoin:  https://www.youtube.com/watch?v=zzO4zqWQLvY


How do we show people there is more then money to bitcoin?
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