Topic: What's the view of an average citizen About crypto currencies (Read 1206 times)

I don't think so and I believe that you know already that the future of Bitcoin still uncertain. If that you say is true, you already assume that people are not investing in the stock market, bonds, real estate, etc but only for Bitcoin only? And also you mean that people are not using fiat money but only Bitcoin? And also you think that people showing the amount of their Bitcoin investment to the public? I'm sure they won't, so I disagree because they prefer to keep anonymous rather than showing their name in public. And I was certain that people, including average people will not just rely in crypto as their means of sources of income.

Bitcoin is something of an enigma to the common people and those who have no exposure to it. But we as a community can help people understand and demystify this enigma to a simpler form without going too much into technical details. That can increase the acceptance and use of crypto but a big impact would be the government's stance on crypto because people fear legal troubles when investing their hard earned money.

There are people who are staying away from crypto but the reason for same needs to be clarified first and then we can tackle those points better.

A basic awareness of Bitcoin exists, fueled by media portrayals.  Imagine headlines screaming about its volatility – "Highly Profitable!" one day and "Dangerous Investment!" the next.  This creates confusion and discourages deeper exploration.

The lack of knowledge and the unwillingness to venture outside their comfort zone are crucial points.  Imagine someone hesitant to invest due to a lack of understanding about cryptocurrency fundamentals, trading platforms, and security measures.  Learning about a new financial system can be intimidating.

The choice to stay uninvolved is a valid one, but it's important to consider the potential benefits and drawbacks.  Imagine missing out on a potentially lucrative investment opportunity while also avoiding the inherent risks associated with a volatile market.

This is what often happens among the public, lack of information about Bitcoin and continuing to have opinions about Bitcoin, so that sometimes and even makes Bitcoin look scary with the risk of losing it,
However, if we are invest in the right coin, the risk of losing is very small, even if that happens, Bitcoin is already dead from its center

As an ordinary citizen I consider Bitcoin to be essentially a significant means of investment. However, due to the amount of popularity that Bitcoin is gaining in the world and the amount of popularity that it will gain in the future, due to the limited supply of Bitcoin, one day the standard of wealth of people all over the world will be imagined only through Bitcoin. The more bitcoins a person has, the richer they are.

  One thing you should know mate is that people have different apprehension skill, some are better off on their own, while some prefer to be tutor for guidance, either way as long as you are doing the right thing you are on the right track. It is important one gather all the information necessary before one begins his bitcoin journey. Another thing people fail to understand is that, they market will still be here no matter how long you take studying. Irrespective of how much bitcoin price is,  as a well informed crypto investor you will always find a way of infiltrating the market. After all people still make money in the bear market. I think that we are in that phase where a lot of people know about bitcoin and other cryptos but still the percentage of people involved that buy crypto through exchanges like Binance, Primexbt, Kraken etc.. is still relatively tiny when you look the big picture.
  In a world where so many of our transactions are online, and our savings and credit rating are at stake at all times, anything that provides increased transactional security is a plus. And there is currently no transaction mechanism that is currently more safe and secure than those that use cryptocurrency. Crypto investments don't require large sums, and it's crucial to prioritize financial responsibility and risk management. Starting small and gradually increasing your investment as you become more confident and informed is a smart approach. The important thing is to enter the crypto market with a well-thought-out strategy and an understanding of the risks involved.

Bitcoin is essentially for the majority but not everyone would find it necessary, most people do not invest due to benefits of doubt on how the system operates, not being controlled by anyone with thought of if Bitcoin might just vanish and seize to exist unlike other physical currencies whose authencity is controlled by the government. Funny how they do not understand the sole reason of Bitcoin as a currency, what distinguishes it from others is the level of decentralization, free from the coarse and manipulation from the government.

Some people are wrong in receiving information about Bitcoin, of course it will be very difficult for them to believe that by collecting Bitcoin they will be able to gain profits for those who hold it for a long period of time and for those who are convinced of Bitcoin will certainly try to be able to take advantage of the opportunity. collect Bitcoin as an investment for their future, I think to avoid misunderstandings in understanding Bitcoin it would be better for those who want to learn about Bitcoin not to just look at the media reports and it would be better for them to meet someone who understands it well so they can ask questions. that they don't understand and this will be easier than just looking at the news which could give us wrong information.

For those that have invested in bitcoin earlier or have known most about it several years before now, they can tell more about the vast opportunity in bitcoin investment when invested for the long term. The new birds that are coming into the cryptocurrency space should be aware of that and view bitcoin as a long term investment that can make them rich when patience is applied to it. Bitcoin is very high in volatility and its recent surge and volatile nature it has been experiencing is a sign of how rewarding it can be to the short traders by trading it while undergoing this constant volatility this days.


From the time when bitcoin was invented to what it has come to be today, the number of people that don't believe in it it are now few compared to what it was several years ago. Those that still find it hard to believe are people not willing to take the little risk to make it big in bitcoin but are after some of their selfish interest that will stop bitcoin from being a legal tender to be used globally portraying it as a risk investment.

And those that value BTC in the past to take a good step to embraced it are doing well in their various places and, it will make them to remain in the decentralized currency to open other people eyes to know that there is a great future ahead of those that will continue investing or hodling it for future purpose.

 Many people thought that BTC will not reach 1 year before it will disappear from the market that made many not to show interest on BTC but BTC has reached 12 years to display the highest price people have never experience before from BTC since it came to exist in the market.

A friend of mine knows I'm in Bitcoin and she knows nothing about investing, has nothing invested, but she said she put one dollar into bitcoin at some point recently I guess and she recently saw it's at like $1.63 or something. We briefly talked about investing and I said they (her and her husband) should start investing their money. Her husband is a doctor and so makes a ton of money but with several kids and buying a nice house they are I guess just recently getting to the point where they are starting to have a excess cash that could be invested.

In talking about it she was confused when I said Bitcoin isn't a stock. She also said I should use my Bitcoin to buy a house as an investment and I said as an investment it would be an awful decision to buy a house instead of just keeping the bitcoin, she again was confused, thinking there is no way bitcoin will increase in value faster than a house.

She's very smart, but clearly knows absolutely nothing about investing.

I'd say such a conversation could be representative of the amount of knowledge the average person has about bitcoin. They think its a stock investment but somehow a new kind of stock I guess, but they also think something more traditional like a house is a stronger investment. Most people don't have a financial education. I know I had zero financial education until the past 10 years as I've gradually learned more and more thanks to being into Bitcoin. And thanks to the ton of negative misinformation out there about Bitcoin, when people do THINK they know stuff about it they are usually wrong: its a scam, its destroying the environment, its a ponzi, its fake money, its only for criminals, people only lose money on it, govt will ban it, etc.

Many people still never see the value of Bitcoin and many we're still confused about the purpose of this technology. There is a strong misconception about Bitcoin which is why adaption takes so long to complete. We've been in 12 years of its existence and people heard about this but are not interested in it because of wrong information and scams spread that affect their views. Having this sentiment makes us think that even 10 years from now, many we're still never appreciate Bitcoin and ignore the potential use of this technology.

This writing above doesn't sit well with me as this is imposing how exactly we should use Bitcoin..when in fact BTC is a multipurpose asset that isn't restricted to one use only!!!
As far as I know, BTC use depends on its user and not a one size fits all kind of use , think of it as gold 2.0. With gold, the contempt behind having it is usually for long-term investment purposes which is the traditional way of handling it but with the coming of Bitcoin aka digital gold, we surely can't go the same path...if you want to treat it as gold you are welcome go ahead and do so, and if you want to treat it as a daily currency as a medium of exchange then you are also welcome to do so without any restrictions!

Bitcoin is here to stay for sure, but an average citizen will be put off by price as they have the misconception that to own Bitcoin one needs to buy a whole bitcoin which is far from the truth. If we want more users to jump on board then more work needs to go into this to remove such barriers and to disseminate the right information to eliminate all kinds of FUD.
Otherwise in the the digital age we live in, you can not afford to miss out on this crypto revolution which comes with numerous advantages.

Yeah, you are correct. Your immediate environment and your circle of friends have a lot of influence on you. Like you said, though your country may not even openly support Bitcoin, but your circle can influence you to invest in it. I am a testament to that. My friend actually first introduced me into cryptocurrency and Bitcoin, I have never heard of it before, until he started educating me about it, and eventually I started to learn and put what I have learnt into practice.

Average citizens do not dwell much on cryptocurrency or most likely bitcoin knowing it’s still not completely accepted by the government, which means it’s under observation by the government itself. And regardless if the price of bitcoin will surge high or resort into an instant decline, that will not leave an impact to these average citizens because at the end of the day, all they think is that bitcoin is nothing but a big scam.

However, not all average citizens have that mindset. There are also few who are open to bitcoin success in the future. But since these citizens are still following what the government commands them, it’s still hard for them to submit theirselves into bitcoin.

That is for sure a thing if we are going to see an all-time high there are for sure a lot of room for profit, investing and accumulating Bitcoin while the market price is still low is the best strategy for sure, If we are going for a long term investment Dollar-cost averaging is a going strategy, I mean it wouldn't really matter that much as long as we are going to sell at the top or even higher than the all-time high you going to make a good profit anyway.

I guess people already knew about the all-time high thing before even they started investing in Bitcoin they for sure made a few things and research about Bitcoin investment, but the thing is they just can't wait and hold to make a profit, they doesnt know when is the right time that they can expect to make a profit, most of the time they are just thinking about how to make a profit easily, I mean that would make sense since it would probably take years for a Bullrun if they started cryptocurrency at a Bullrun where cryptocurrency just skyrocket most of the time they could easily think that cryptocurrency is just easy money without even realizing how risky it is.

I completely agree; it is really hard to predict what the future of cryptocurrencies will hold! Because of its volatility, it is difficult to predict its long-term trajectory, and different experts have different predictions for it. Supporters of bitcoin certainly are optimistic about its future, and they frequently cite previous dips as proof that it will keep rising.

   I think that we are in that phase where a lot of people know about bitcoin and other cryptos but still the percentage of people involved that buy crypto through exchanges like Binance, Primexbt, Kraken etc.. is still relatively tiny when you look the big picture. The internet. The only way you’d be exposed to it and have an idea about it would be to be able to go online. A basic understanding of computers and money. What would you need to access the internet? A smartphone, at the very least. 1 fifth of the world does NOT own a smartphone. This rules out over 1.5 billion people. And only 59.5% of the world population uses the internet — meaning, almost half of the people who DO have access (smartphones let’s say) don’t even use the internet. So for the majority of the world to KNOW about crypto, that would require over 80% of internet users to know about it.
   The majority don’t know what they are doing and are simply looking for the “moon” token. They want to make a lot of money overnight. They all end up being the short term losers. Most of these people don’t know more about Bitcoins and altcoins than what they have read about in the media. Why it was introduced in the first place and how blockchains work is neglected. The difference between having heard of it and actually understanding it is so big that misinformation has become common.

It does not only happen in my country or your country, but it does happen in every land around the world. There are still individuals who do not believe that digital currency is a legitimate form of currency in today's world. They argue that since it is not a tangible asset, it will likely burst like a bubble or vanish into thin air at any moment.

Yes, it true that people who are novice to Bitcoin are likely to call it all sort of names, such as gambling, Ponzi scheme and many others e.t.c, but does that change it from being Bitcoin? The answer is "NO". Hence, it is our duty as lovers and enthusiast of Bitcoin to correct people when they seems to fall out of track for what Bitcoin stands for, to help educate them that Bitcoin remains the number digital currency and the best medium for long term investment in this 21st century, because each individual will always have diverse view regarding what Bitcoin stands for, base on their level of exposure, which is always normal in every geographical location.

But on the contrary, the average view of  citizen about crypto currencies is that it is a get rich quick investment asset.