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Topic: What happens in the world of cryptocurrency if.... (Read 1191 times)

sr. member
Activity: 672
Merit: 251
If people will learn everything about bitcoin then everybody will enter the world of cryptocurrency. Every people will now use bitcoin as a mode of payment, transportation and any mode of everything that the medium is money or currency. We should be happy about this. We will go to another world named the world of cryptocurrency.
sr. member
Activity: 322
Merit: 252
What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh
Because as we know that currently not many people know about btc or altcoin.

I think cryptocurrencies will be supported better, faster transactions and lower fees, BTC prices might peak at its highest price,
With this, i think Government will also pass bills to regulate transaction that uses cryptocurrencies as a type of payment
and it's equivalent value to fiat money.
sr. member
Activity: 854
Merit: 251
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What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh
Because as we know that currently not many people know about btc or altcoin.
The more people who uses it means the more investor's and more investors means the higher the demands would be,
And we all know what would happens if the demands would be high the price would really be pump so I really think that attracting more users would really be a great thing to do.
full member
Activity: 212
Merit: 100

There may already be many people who know about bitcoin and altcoin, many requests for old coins in order to be the longest and safest investment.
Because beginner populations are always looking for it.
full member
Activity: 350
Merit: 108
Thank you for all his opinion. I think it's true that more people know about bitcoin or altcoin positively, it will have a positive effect on the world of cryptocurrency. We who already know about bitcoin and altcoin should start introducing bitcoin and tell people in a good and understandable way. Wink Wink
full member
Activity: 158
Merit: 100
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What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh
Because as we know that currently not many people know about btc or altcoin.
It's lead that cryptocurrencies will be more stable without pump and dumps as know) The cryptocurrecy markets will be like traditional markets one time.
legendary
Activity: 1596
Merit: 1011
What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh
Because as we know that currently not many people know about btc or altcoin.
If everyone knows bitcoin they will use bitcoin / altcoin as a means of financial transactions. See its current function of digital currency has advantages compared with conventional currency. With digital currency we can perform various money transfer activities wherever and whenever we are. Besides its centralized use makes bitcoin / altcoin very safe to use.
copper member
Activity: 1050
Merit: 294
If more people will know about it the more people will use it and as the number of users increases the price will also increases, may be the price will be so high that we can buy even a house using 1 BTC.
newbie
Activity: 59
Merit: 0
Most people don't know about today's economic and finances. I don't think it would change anything.
sr. member
Activity: 798
Merit: 251
Small Trader
If people start to know cryptocurrency, some people definitely take steps to invest in cryptocurrency. And the rest, will assume that cryptocurrency is complicated. Some consider it unimportant. Because people's minds are different.
full member
Activity: 212
Merit: 110
What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh
Because as we know that currently not many people know about btc or altcoin.

People knowing about digital assets is one thing. It's whether or not they decide to become market participants that will make the difference.

Higher levels of participation is always a healthy thing - in any market.
newbie
Activity: 12
Merit: 0
nothing happens actually it will still depend on people's decision. Perhaps, somehow people will not join or adopt cryptcurrency it's because they think this is SCAM. With the advent of blockchain and cryptocurrencies being as new and revolutionary as it is, predicting the five-year projected value of each of the currencies and requires numerous factors to be considered. Smiley
hero member
Activity: 2646
Merit: 686
What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh
Because as we know that currently not many people know about btc or altcoin.

This is such a vague question, you have loosely worded it and there could be multiple answers from different people, so my answer is if that would be the case that would be be good and it would help the Bitcoin community on a whole. It would lead more and more people to buy it and make it even more active, this in case help it reach new lands and make it far more useful.
legendary
Activity: 3122
Merit: 1140
What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh
Because as we know that currently not many people know about btc or altcoin.
If people on the entire world would able to know bitcoin and other altcoins then expect for growth or adoption which means the more the demand the more the value it has. Prices would really increase since people will surely use this one but this thing is somehow impossible to happen or might take long time because knowing that cryptocurrencies are decentralized which means it cant be controlled and government doesn't really like that thing.
hero member
Activity: 1218
Merit: 683
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What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh
Because as we know that currently not many people know about btc or altcoin.

Up, up, up we go. If the entire world knew about bitcoin there is no doubt that bitcoin will reach at least 5k, unless the way they found out about bitcoin was really dodgy and they had a bad view of bitcoin. Even altcoins wll be going through the moon and there will be heaps of new companies that try to profit off this like companies that make altcoins or trading exchanges. Probably something else we will see are super slow confirmation times due to a congested blockchain.
hero member
Activity: 1428
Merit: 653
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If everyone or if the number of people who have knowledge or have some idea what cryptocurrency is was bigger than it is now then obviously the very first thing that would happen is more and more services and goods were available for buying with bitcoin. And the price of bitcoin would be much more higher than it is now. Another thing which one would see is that there would be huge number of altcoins there as every other business would have introduced their own altcoins.
hero member
Activity: 2632
Merit: 546
What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh
Because as we know that currently not many people know about btc or altcoin.

The price should rise for sure, since the more people who are interested the more media attention Bitcoin will get, the more investors Bitcoin will have, and since everyone wants Bitcoin, and the demand is going up, while the demand is relatively the same, then Bitcoin will rise.  I would probably expect a bunch of new alt coins being made and also government regulations and taxes being put in for crypto currencies. Generally, more people knowing about Bitcoin should be a good thing, but that will never happen since it is unlikely for crypto currencies to go mainstream.

Definitely the price of bitcoin will surely rise exponentially if a lot of people, meaning globally will adopt btc and altcoin as well. But the thing is, if they don't used or transact bitcoin then I guess it will not contribute as much to the price if I'm not mistaken. Look at Japan, they have adopted it so it means that they should used it just like regular fiat. We did see a dramatic increase in price once Japan has done that because then the demand has increase X folds causing the price to touch $2000++ easily in just a matter of months.
sr. member
Activity: 406
Merit: 255
Crypto currencies do not have total control so I think that the problem with volatility will always be. In Fiat we don't see because they are run by banks. The stability of Fiat currency will not save them from inflation, but with crypto currencies we do not see.
hero member
Activity: 1330
Merit: 569
What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh
Because as we know that currently not many people know about btc or altcoin.

Its really going to be a cool thing but its not enough to know about all this but be active in it because as at now, alot of people know about bitocin but not a lot are even taking the bold step in getting involved. Eventually when that happens, then we get to see a high level of stability where the volatility will be reduced to a great level compared to what we are seeing now as the only time we see a major shift will when a major even happens aside that all changes will be marginal.
sr. member
Activity: 644
Merit: 299
What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh
Because as we know that currently not many people know about btc or altcoin.
Knowing could be in 2 different categories. Knowing and doing something with what you know or knowing and not doing anything with what you know. Before we can start getting to the stage where we start having huge global adoption, I think a lot must have been in place already and I still see the phase we are as the testing phase. A lot of reviews will still be done by devs and gradually we will get to a full point of no return and one thing that I am sure of is that, most of us that totally believe and know now, will be smiling hugely then! That is what will happen!!
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