Topic: Trust in cryptocurrency? - page 5. (Read 1398 times)
I think that as technology improves, more and more people will learn about cryptocurrency. So that people can trust it, they should do more research and learn how to use it safely and securely.
Almost the average government is occupied by old people, so it's not surprising if some of them reject some of the new innovations, including in blockchain technology, maybe because they don't fully understand or they really want to go the traditional way, even though it's done, government policies will still be widely used for the people So do not be surprised if they still have great power in terms of what is implemented in their policies.
Provided that young people already know how cryptocurrency even though it takes a long time but if he later occupies a government position someday then the financial sector in application will be possible in its mass adoption, we must believe that technology is important if it does not develop then a sector will very outdated.
Provided that young people already know how cryptocurrency even though it takes a long time but if he later occupies a government position someday then the financial sector in application will be possible in its mass adoption, we must believe that technology is important if it does not develop then a sector will very outdated.
Or, pardon for my speculation, perhaps they know about crypto completely, but since the government can't control it, there is no reason for them to adopt it, even though they still can make regulations for that. Regarding new technologies, these people are on their current positions in the governments because of their capability. They might prefer old-school style, but it doesn't make sense if they don't know about technology. It's just them who not bothered to use newer system.
yes, but we certainly can't just blame older people who can't accept today's technological developments because they definitely have their own strong principles that have been formed during their lifetime.
it is true that most people currently sitting in government tend to still think and prefer traditional concepts, although not all of them, but most of them are still unable to be open to existing technological developments.
In my opinion, for Bitcoin to be better known and acceptable to the public, it's only a matter of time, because over time, changes will definitely be made by the next generation in the government or in public to keep abreast of existing developments so that their country is not left behind.
it is true that most people currently sitting in government tend to still think and prefer traditional concepts, although not all of them, but most of them are still unable to be open to existing technological developments.
In my opinion, for Bitcoin to be better known and acceptable to the public, it's only a matter of time, because over time, changes will definitely be made by the next generation in the government or in public to keep abreast of existing developments so that their country is not left behind.
Good point, but there is no guarantee that the next generation in the governments would apply the new technology or system, which they might believe the current system is still valid and applicable for them, especially if they can't control it like cryptocurrency.
It's very natural that people aged 35 and over have never heard of bitcoin, that's because the development period has passed, they lived from the absence of cell phones to the digital era as it is today. therefore many of them do not keep up with the times. unless bitcoin is bullish and penetrates a new year, of course there will be a lot of news appearing on television which is accessible to all ages and that is where bitcoin will be widely spread
For me, 35 - 40 is still considered as young age, and I believe in that age range, bitcoin is familiar for them. But yeah the bullish raise the awareness of people on bitcoin and crypto generally.
Most people in the society we live in do not know what is crypto currency? And when I ask the people I hang out with about it, they say they just heard the name Bitcoin but have no idea about cryptocurrency.
People of this generation have a rough idea about Bitcoin, but those who are now seniors or those who are 50 to 60 years old do not know what Bitcoin is. The reason behind this is because we are not as interested in Bitcoin as we are in various sports or web series, so we don't even know about it.
But most of the people will be aware of Bitcoin in future generations from now. Because social media or media are currently circulating various news related to Bitcoin. But this time we got a good idea about crypto currency is a lot for us. And I am proud of it.
People of this generation have a rough idea about Bitcoin, but those who are now seniors or those who are 50 to 60 years old do not know what Bitcoin is. The reason behind this is because we are not as interested in Bitcoin as we are in various sports or web series, so we don't even know about it.
But most of the people will be aware of Bitcoin in future generations from now. Because social media or media are currently circulating various news related to Bitcoin. But this time we got a good idea about crypto currency is a lot for us. And I am proud of it.
This is an important issue, can people trust cryptocurrency. Cryptocurrency is electronic money, many people don't trust it and most people don't know about cryptocurrency.However, out of all other coins Bitcoin is the least risky and cryptocurrency investment considered to be very safe.The number of people investing in cryptocurrencies is high among young people and their level of knowledge is also high. This trend is very less among older people, because they have very little knowledge about these accesses.The country is going digital day by day and I think cryptocurrency will come in everyone's life.
Actually, it's easy to trust or give it, the problem is those who don't know how to research first before giving trust in the industry we're going to enter.
Now, if you're going to enter cryptocurrency, you should know or have an idea why you're entering here, because it's difficult for those who invest right away without doing any research on the crypto you've chosen, because beginners usually have a negative impression because of the lack of knowledge. here.
Now, if you're going to enter cryptocurrency, you should know or have an idea why you're entering here, because it's difficult for those who invest right away without doing any research on the crypto you've chosen, because beginners usually have a negative impression because of the lack of knowledge. here.
Somehow they managed to trust in an experiment - juggernaut standing on 2 thin matches and wobbling from fall to collapse for the last 50 years called "fiat money" AKA paper backed by nothing. The only thing they needed was "bread and circuses".
"We don't need our gold ... just give us piece of paper, its better because its much easier to use... It doesn't matter it lose 97% of purchasing power per 100 year" - that's their attitude.
The question is not about the trust but about the collapse of current system. Thats the only way to shake majority and open their eyes on how modern monetary system changed them into slaves and called them "middle class" with 200$ in wallet and 30 year mortgage on "starter home".
"We don't need our gold ... just give us piece of paper, its better because its much easier to use... It doesn't matter it lose 97% of purchasing power per 100 year" - that's their attitude.
The question is not about the trust but about the collapse of current system. Thats the only way to shake majority and open their eyes on how modern monetary system changed them into slaves and called them "middle class" with 200$ in wallet and 30 year mortgage on "starter home".
Trust in cryptocurrency is an important factor that affects its adoption and value. Since it is not backed by any physical commodity or government, trust in the technology and the network is essential for users to believe in its value and use it as a medium of exchange.
One aspect of trust in cryptocurrency is the security of the network. Since transactions are recorded on the blockchain, they are immutable and cannot be altered or reversed. This means that users can trust that their transactions are secure and cannot be tampered with.
Another aspect of trust is the transparency of the network. The blockchain allows for anyone to view the transaction history of any given cryptocurrency, which promotes transparency and trust in the system.
However, trust in cryptocurrency is not without its challenges. The decentralized nature of the network means that there is no central authority to regulate and oversee transactions, which can lead to issues such as fraud and market manipulation.
Moreover, the value of cryptocurrency can be highly volatile, which can lead to trust issues among users who may be hesitant to invest in a currency that can fluctuate rapidly in value.
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We are living in a world of big changes in every aspect of life. But do you think it will be time when cryptocurrency will come into our lives and be normal for all people? Will people be able to trust crypto?
I'm wondering what your opinion is about this.
If you search for the definition of crypto on Google or other browsers, it will come out that it is a digital currency that is a form of payment.We are living in a world of big changes in every aspect of life. But do you think it will be time when cryptocurrency will come into our lives and be normal for all people? Will people be able to trust crypto?
I'm wondering what your opinion is about this.
Unknowingly, many countries around the world are now dealing with it. Digital currency will be an alternative to the fiat currency competition in the market.
Many digital applications (e-Wallets) are being created as a means to pay for things without having to hand over fiat money.
Maybe that's different from the crypto you're referring to, but it illustrates that crypto will be one of the tangible forms of major changes in the world today and the world to come.
You probably know what I mean.
I'll ask you again, do you believe Bitcoin will become a currency that is familiar in normal life?
In particular, crypto is too common and too numerous.
The only problem is how to introduce the concept of crypto, and since the banks are the ones doing that in our country although it isn't legally accepted yet then it is much easier for us to teach them whenever they ask us what is this new feature called cryptocurrency.
The main challenge is, these old people are sitting on some important positions in the government, which of course, it affects the government policies for cryptocurrency. Not only crypto, there are still some of them who even don't want to adopt new technologies and prefer the old-school style. Obviously younger people are the future, but it might take longer time than we expect for them to develop finance sector especially for cryptocurrency.
Almost the average government is occupied by old people, so it's not surprising if some of them reject some of the new innovations, including in blockchain technology, maybe because they don't fully understand or they really want to go the traditional way, even though it's done, government policies will still be widely used for the people So do not be surprised if they still have great power in terms of what is implemented in their policies.Provided that young people already know how cryptocurrency even though it takes a long time but if he later occupies a government position someday then the financial sector in application will be possible in its mass adoption, we must believe that technology is important if it does not develop then a sector will very outdated.
yes, but we certainly can't just blame older people who can't accept today's technological developments because they definitely have their own strong principles that have been formed during their lifetime.
it is true that most people currently sitting in government tend to still think and prefer traditional concepts, although not all of them, but most of them are still unable to be open to existing technological developments.
In my opinion, for Bitcoin to be better known and acceptable to the public, it's only a matter of time, because over time, changes will definitely be made by the next generation in the government or in public to keep abreast of existing developments so that their country is not left behind.
But do you think it will be time when cryptocurrency will come into our lives and be normal for all people? Will people be able to trust crypto?
Moving in balance on a normal line with ordinary currency maybe I don't think this is, but moving continues to expand one's knowledge in the city or in the hinterland in the village, I think this will happen even if slowly, after all so far Bitcoin has been very developed in various countries others, more precisely worldwide, I think the level of trust in Bitcoin will certainly increase, both from individuals, agencies or other organizations, they will slowly understand it by reading the real Bitcoin background.
This is why I see a lot of opportunities in cryptocurrency.
So far we have all seen opportunities and so have changes because of Cryptocurrency, one of which we take from the great opportunities to make investments, most people with the right measure and timing in developing their strategies for investing in order to get profits they have a very big chance to do it in at all times and this system is effective for those who do long term, and at least this is one of the great opportunities of Cryptocurrency.
Mass adoption is possible when most countries legalise cryptocurrency.
It may also be that central bank digital currencies will encourage the adoption of popular cryptocurrencies.
It may also be that central bank digital currencies will encourage the adoption of popular cryptocurrencies.
I'm not sure that central banks will encourage mass adoption of cryptocurrency, because we know that central banks have their own product, namely CBDC which they claim is an alternative to cryptocurrency and far better in all aspects than cryptocurrency. The central bank with all their efforts will discredit cryptocurrencies and they will do it with the various media they have like CNBC, CNN, etc. or they can manipulate the market by chasing crypto platform owners or other dirty ways so that people don't want to adopt cryptocurrencies.
Recently, I've been wondering, and based on the people I live with, I'd say that only 20% of them know what cryptocurrency is.
Sometimes I ask my friend or colleague if he knows what Bitcoin is, and if they're young (20-35 years old), they say, "Yes, I've heard about it. But I don't know much about it."
If I'm talking to older people (40–60), mostly they don't know what it is.
Sometimes I ask my friend or colleague if he knows what Bitcoin is, and if they're young (20-35 years old), they say, "Yes, I've heard about it. But I don't know much about it."
If I'm talking to older people (40–60), mostly they don't know what it is.
I think Bitcoin will be used by almost everyone and know that it will take a few more years. Because the new generations who are now have a lot of interest in Bitcoin. So when these new generations are 35 to 40 years old, everyone will Hoping to learn about and use Bitcoin.
We are living in a world of big changes in every aspect of life. But do you think it will be time when cryptocurrency will come into our lives and be normal for all people? Will people be able to trust crypto?
I'm wondering what your opinion is about this.
I think definitely people will believe about Bitcoin. And especially Bitcoin is the first to be trusted because people are not as stupid as they used to be. Now in the world of technology, people are very wise and can learn a lot. Technology is improving day by day. Hopefully Bitcoin will reach a position where people's daily spending is. Maybe try to settle with Bitcoin. It will be very soon we may see. I'm wondering what your opinion is about this.
The main challenge is, these old people are sitting on some important positions in the government, which of course, it affects the government policies for cryptocurrency. Not only crypto, there are still some of them who even don't want to adopt new technologies and prefer the old-school style. Obviously younger people are the future, but it might take longer time than we expect for them to develop finance sector especially for cryptocurrency.
Almost the average government is occupied by old people, so it's not surprising if some of them reject some of the new innovations, including in blockchain technology, maybe because they don't fully understand or they really want to go the traditional way, even though it's done, government policies will still be widely used for the people So do not be surprised if they still have great power in terms of what is implemented in their policies.Provided that young people already know how cryptocurrency even though it takes a long time but if he later occupies a government position someday then the financial sector in application will be possible in its mass adoption, we must believe that technology is important if it does not develop then a sector will very outdated.
yes, but we certainly can't just blame older people who can't accept today's technological developments because they definitely have their own strong principles that have been formed during their lifetime.
it is true that most people currently sitting in government tend to still think and prefer traditional concepts, although not all of them, but most of them are still unable to be open to existing technological developments.
In my opinion, for Bitcoin to be better known and acceptable to the public, it's only a matter of time, because over time, changes will definitely be made by the next generation in the government or in public to keep abreast of existing developments so that their country is not left behind.
The main challenge is, these old people are sitting on some important positions in the government, which of course, it affects the government policies for cryptocurrency. Not only crypto, there are still some of them who even don't want to adopt new technologies and prefer the old-school style. Obviously younger people are the future, but it might take longer time than we expect for them to develop finance sector especially for cryptocurrency.
Almost the average government is occupied by old people, so it's not surprising if some of them reject some of the new innovations, including in blockchain technology, maybe because they don't fully understand or they really want to go the traditional way, even though it's done, government policies will still be widely used for the people So do not be surprised if they still have great power in terms of what is implemented in their policies.Provided that young people already know how cryptocurrency even though it takes a long time but if he later occupies a government position someday then the financial sector in application will be possible in its mass adoption, we must believe that technology is important if it does not develop then a sector will very outdated.
With all the innovations that are taking place in this digital world, it’s certain that only young minds will be able to adopt the changes, but those old ones prefer to stick with the traditional means and just be contented whatever they have been used doing. Like in cryptocurrency, most of the active users are the not so old individuals, while those seniors stay as fiat users. This shows that most old people are not open minded when it comes to cryptocurrency and so it’s expected that they will never trust crypto, unlike those young individuals who love to explore new things around, and seize every new technology that comes, that shows that they are more open to crypto and are more likely yo develop trust in cryptocurrency. Which for me is a good thing, since they are the hope of the future, and are most likely to succeed whatever the world has to offer.
The main challenge is, these old people are sitting on some important positions in the government, which of course, it affects the government policies for cryptocurrency. Not only crypto, there are still some of them who even don't want to adopt new technologies and prefer the old-school style. Obviously younger people are the future, but it might take longer time than we expect for them to develop finance sector especially for cryptocurrency.
The biggest difference of young with older people is, the young one has access to any information where you can get any news and stories worldwide just from your device. Mostly people know about bitcoin because of its ATH record, when every news station in all countries mentioned bitcoin every day, and then some big names decided to join the train to invest in crypto. It's a thing that older people don't care, which they only just want to enjoy their retirements.
Talking about trust in cryptocurrency, Switzerland and some countries already take a further step for that. It takes time, but mass adoption is not an impossible thing.
With all the innovations that are taking place in this digital world, it’s certain that only young minds will be able to adopt the changes, but those old ones prefer to stick with the traditional means and just be contented whatever they have been used doing. Like in cryptocurrency, most of the active users are the not so old individuals, while those seniors stay as fiat users. This shows that most old people are not open minded when it comes to cryptocurrency and so it’s expected that they will never trust crypto, unlike those young individuals who love to explore new things around, and seize every new technology that comes, that shows that they are more open to crypto and are more likely yo develop trust in cryptocurrency. Which for me is a good thing, since they are the hope of the future, and are most likely to succeed whatever the world has to offer. Talking about trust in cryptocurrency, Switzerland and some countries already take a further step for that. It takes time, but mass adoption is not an impossible thing.
We have different sight about the future of crypto, it is normal that there are people who trust and there are also people that did not trust crypto, maybe the people who did not trust in crypto experience huge loss on investing and maybe the people who trust it earn a lot of profit.
It is certain that many will no longer trust cryptocurrency because of the loss of their investment. Especially if we go back what happened on December 2021, the price of Btc is around $60k, many believe that the price will reach $100k. If we can see in the chart if we look at it again, he broke the "all time high" price. The "all time high" has a lot of supply, and it is also acting as resistance. So when the ATH price got broken, people expect it to go up to $100k because there is no resistance to be seen above. But the opposite happened, the price of Btc dropped a lot and reached to $16k.
That's why so many people don't believe in cryptocurrency anymore, but they don't know that Bitcoin won't go down as much. It's a battle of institutions and big banks, small traders cannot move or affect the price of Btc.
There's one thing to consider, do you think institutions and big banks let it happen? Surely they have something to do to keep up the price to protect their investments.
Recently, I've been wondering, and based on the people I live with, I'd say that only 20% of them know what cryptocurrency is.
Sometimes I ask my friend or colleague if he knows what Bitcoin is, and if they're young (20-35 years old), they say, "Yes, I've heard about it. But I don't know much about it."
If I'm talking to older people (40–60), mostly they don't know what it is.
We are living in a world of big changes in every aspect of life. But do you think it will be time when cryptocurrency will come into our lives and be normal for all people? Will people be able to trust crypto?
I'm wondering what your opinion is about this.
We have different sight about the future of crypto, it is normal that there are people who trust and there are also people that did not trust crypto, maybe the people who did not trust in crypto experience huge loss on investing and maybe the people who trust it earn a lot of profit. Sometimes I ask my friend or colleague if he knows what Bitcoin is, and if they're young (20-35 years old), they say, "Yes, I've heard about it. But I don't know much about it."
If I'm talking to older people (40–60), mostly they don't know what it is.
We are living in a world of big changes in every aspect of life. But do you think it will be time when cryptocurrency will come into our lives and be normal for all people? Will people be able to trust crypto?
I'm wondering what your opinion is about this.
As with any new technology, trust is an essential factor in its adoption. Cryptocurrency has faced a lot of skepticism and criticism due to concerns about its volatility, security, and lack of regulation. However, as the industry continues to mature and address these issues, people may become more comfortable and confident in using cryptocurrency.
I can add that the value of Bitcoin is based on the fact that, unlike all other coins, it has survived more than one crisis, and is still in the top, under Bitcoin are created various projects and technologies. The development of the current era is increasingly sophisticated and has begun to dominate the digital world in all aspects of our life activities. I think for cryptocurrency to be known and said to be "normal" for everyone it will take a long time. Because at this time maybe it is still the beginning of the development of crypto itself for us humans.
We cannot hide that there are major concerns about cryptocurrencies and governments are supporting those concerns by defaulting on adoption. It is a much greater concern than the fear of using fiat money, although cryptocurrencies are much better in many respects.People do not differentiate between cryptocurrency and the services provided by sites using cryptocurrency. Once some projects turn into confirmed scams, they lose faith in cryptocurrencies as a whole. It is not easy to convince everyone that there is a difference between the two concepts.
Most of the people around us do not know about Crypto Currency. But those who know as much is through online. Where I live most people don't know what crypto currency is? But one thing I have noticed is that if they are asked about Bitcoin they say that they have heard about Bitcoin and they know about Bitcoin from different news media where there are various discussions about Bitcoin. But even if they don't know about Crypto Currency, they have a lot of interest to know about it. If they are given enough opportunities to learn about Crypto Currencies then I think they will learn them carefully and learn about Crypto Currencies.
That is if they are truly showing some signs of interests, yes, I believe that there may be some who have that attitude but that's the end of it because even if they are interested to know about what bitcoin is, they don't show or move like they are indeed interested to know more as they are not doing their own research. I mean, how can we know from such thing that takes our curiosity if we aren't doing something, right?
That said, it's way too obvious why people below 25 years of age do already know about bitcoin because this is their time and aside from that, they frequently see it on the internet, compared to us in our time that we ourselves should be the ones to equip ourselves with knowledge to know the latest news and happenings in the world because I do know that internet is already a thing before 2015 but not this far.
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