Topic: What Are Reasons for 1% only in Cryptocurrency - page 2. (Read 202 times)
1% only in cryptocurrency because that is hard to understand to many people what is that totally and how it is working at all if colledge will educate people how block chain technology works and what is crypotcurrency in nera future more and more people will enjoy in crypto world .
Although only 1% know bitcoin, I think that's pretty much all of the world's population, their ignorance may be due to the lack of Internet facilities in their unexpected areas, or their fears because of the bad news about bitcoin.
What type of reasons do you think that only 1% of the world is really into bitcoin and other cryptocurrency?
Its just a speculation, nobody has ever conducted any survey on that and most of the data that is supposed to give estimation on number of people involved in crypto is just number of wallets people have created on webwallets and number of downloads of crypto wallet apps from appstore. But all this things can't give accurate number and I don't think we will ever gonna know the exact number because there is no any actual method to find out and survey might also not give feasible number as people will not give info because most of the crypto users are concerned about their personal privacy. 
There's a lack of understanding of how it works.
There's a perception that it called itself currency, but it's not "backed by anything," so therefore it's a scam.
The number of people in the US on some kind of public assistance is higher than ever. So a lot of Americans don't have money to invest in anything, much less learn about new technology that has little direct relevance to their lives.
People who are dependent on government would tend to be fine with government fiat currency I would imagine, as long as its buying power meets their needs.
There's a perception that it called itself currency, but it's not "backed by anything," so therefore it's a scam.
The number of people in the US on some kind of public assistance is higher than ever. So a lot of Americans don't have money to invest in anything, much less learn about new technology that has little direct relevance to their lives.
People who are dependent on government would tend to be fine with government fiat currency I would imagine, as long as its buying power meets their needs.
What type of reasons do you think that only 1% of the world is really into bitcoin and other cryptocurrency?
why is it if you go out on the street and ask around, not many people know what bitcoin or cryptocurrency is?
thoughts and suggestions reasons?
why is it if you go out on the street and ask around, not many people know what bitcoin or cryptocurrency is?
thoughts and suggestions reasons?
First, I doubt even that number.
There are just ~ 30 millions addresses with a balance in the blockchain so the numbers might be lower at least by a factor of 3-4.
Second bitcoin is not that simple compared to other technologies that have gained popularity.
For example, the debit card.
You just insert it and type a pin (even that is no longer required with contact less) and yet there a lot of people who are afraid to use them.If they are afraid of using money via a cc where your funds are somewhat protected, how are you going to convince them to use bitcoin with no insurance and irreversible transactions?
It will take a long time for bitcoin to grow to 10% adoption and even longer to 10% daily usage.
Technology behind blockchain is quite complex for average man on the street to grab, hence people find it hard to believe about the use of electricity with mining instruments to create a coins which can be bought and sold over the internet. It might take time for everyone to appreciate what bitcoins and altcoins really stands for.
What type of reasons do you think that only 1% of the world is really into bitcoin and other cryptocurrency?
why is it if you go out on the street and ask around, not many people know what bitcoin or cryptocurrency is?
thoughts and suggestions reasons?
why is it if you go out on the street and ask around, not many people know what bitcoin or cryptocurrency is?
thoughts and suggestions reasons?
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