Topic: What's the view of an average citizen About crypto currencies - page 4. (Read 1206 times)

Despite the positive output of Bitcoin, many people are still not yet convinced and always think it was a scam or a Ponzi Scheme. But no urge the change their mind nor I would say they will regret it because that was their views and market opinion as well. Once a person is negative, it is hard for them to change but rather stay against it.

Although Bitcoin is popular now, it is not enough to drag people's attention. It is to say that those who want to invest will invest but those who are not are free to leave negative comments.

Indeed, no one can completely predict the price of Bitcoin. If someone can know when the price of Bitcoin is high, of course they will try to collect as much as possible and will even make loans for profits that they can know for sure, so because the price of Bitcoin has very high volatility, so It is very important for you to be careful when collecting or trading.

If we already know the benefits that will be obtained from owning Bitcoin, of course we will try to learn well about Bitcoin knowledge so that we can enjoy the benefits from the investment or trading that we will do.

Maybe that's true and requires more awareness. However, the spread of bitcoin has made a big difference compared to the past few years. This difference shows how people are getting into cryptocurrency and the purpose behind it. Most people don't know anything about the goodness of the technology, but through someone, they came to know about the profit, and they've taken the risk. Not everyone is prepared for the risk, and the bitcoin market is for people who prefer to take risks. With time, the word will reach all levels of people, and until then, it is our responsibility to take it deep into the minds of common people.

I can tell you that it is not well informed, that much is true. Most of us here speak English at a decent level, which means that we can read it very well too, and we keep on reading more and more about it. However, the average citizen in most nations do not have a second language, the majority of most nations speak one language, and even the ones who speak English, have different levels and some of them have very few understanding, they can't really read very well and understand everything.

It means that they are usually not well informed, and read from it in their own local language by some person who we do not know if telling the truth or their own opinion on the subject. So, it is not really an easy thing to do.

Bitcoin is entirely unpredictable,you don't what is in front,you don't know what is left behind or even what it holds for us that are its users.
  But it feels good to see and know it had a lot to offer and for the most times or years it has been in existence.Bitcoin is not just a second money to fait but a phenomenal digitalization to financial technology and management.

There might be some differences in countries that feel more open towards digital payments and countries that love their cash and don't want to stop using it. Without these cultural differences I would say the view of the average citizen of a country on bitcoin all depends on the age. The younger a person is the more likely he is to be open towards new forms of money and payment. The older generations are so used to their way of life that it's hard to change their point if view and become favorable to something new. I can see that in my family very well, my cousin is still in university and loves crypto currencies. He doesn't have a lot of money and doesn't trade any cryptos himself, but I gave him a few coins and a wallet for his last birthday. Every time we see each other we talk about cryptos. Then there is my grandmother who is above 90 and has no clue about cryptos, she doesn't even use credit or debit cards. In the middle is my uncle that is interested but doesn't own any coins. I would say the average citizen is positive towards cryptos as long as they are below 70 years.

 It a good thing Bitcoin made its name known few years back couple with the value it brings to the economy which made it seem as a very good prospect and good investment opportunity for people. Those who enjoyed the last night won’t wanna miss out on the next ride, the doubters have now been converted to the Bitcoin world with the coming of this bull run, a lot of like do not want to miss out on the next ATH of bitcoin. It might not happen almost immediately as we just discussed. Bitcoin requires  mostly Capital and Patience, with these two you are good to go.
   Another interesting thing about Bitcoin is that, it doesn’t require commercials to spread. People that know the importance of the project and they believe in it is a most have project for them . Bitcoin comes with a whole lot of potential and benefits for the masses. One just need to be informed about the crypto space because information is key, with the right information a person live can change for the good.  

Bitcoin is only a digital currency that is currently used optionally, as legal payment for countries that adopt it and has become a commodity currency in several countries that do not provide full regulation. Overcoming the problem of world inflation certainly won't be possible with Bitcoin alone, it's a big and complex problem so Bitcoin is not the only solution. There are indeed various factors that influence it.

This is the mindset most people have towards bitcoin that it can make them to get rich very quick, but a wrong mindset. One thing about people who think about bitcoin to be this way,  waiting for bitcoin to make them rich and it end up different for them they have no choice to learn and understand bitcoin.  Bitcoin is not a quick investment to become rich,  bitcoin is a longterm investment that requires investors to have patience to hodl to make good profits.

It was, now rather it is accepted that it is something for the future that is developing and has gained mainstream acceptance.

It cannot replace any currency. Going by that logic a future altcoin should also replace bitcoin. But that is not the case and hoping for one is also futile. It rather complements fiat currency.

Not everyone will see that long term goal, some are here for the short time. But to each their own, bitcoin can thus be both.

I am sure we will hear the same thing 10years from now so anytime to invest is now and missing opportunities should be a lesson to correct them in future dips.

I remember back then, about 8 years ago, people didn't really want to know about it. in fact, they just don't care how they will take advantage of the opportunity that comes with the cryptocurrencies. some took the opportunity and quickly adopted the idea that it could be used to save your assets in the form of digital currency and they even prepared for it by securing it in the best way possible they are those who we have seen in the videos living their lives to the fullest because they invested earlier than us and not only that, they invested with a huge amount of money due to their trust in bitcoins and its agenda.

Now that people have come to know that people are making money with it, they came to research about it and those who affirmed the idea behind it have already become one of us and also one of the promoters of real investment with bitcoins. I myself became one of the exposers of the Ponzi Scheme in our community because they had been using bitcoins as their props thankfully I was able to save my friends from nearly losing their money from those crooks and scammers.

Surely nowadays, there are few of them, and lots of people already know how to invest in bitcoins the right way because the scammers are already exposed and busted with the help of those who spread the real way of how to buy bitcoins and how to safely secure it.

The views and perspectives might differ from person to person according to me. But if you ask about a normal and average person about Bitcoins, then they will only invest in any type of coins or cryptocurrencies when they see profit in it. If someone sets an example of making millions of money from Bitcoins in front of them, then they will invest in that in the hope of winning like that. This is the mindset of average citizen regarding cryptos.

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The SEC has approved bitcoin ETFs, so I think the chances of it becoming a currency are gone. Even El Salvador, the first country to legalize bitcoin as a legal currency, but its government focuses on investing in bitcoin rather than using it as an currency. After the news of the ETF being approved, the whole world knows Bitcoin as an asset, I really doubt whether any country will use it as a currency. Even on this forum, we no longer see anyone talking about bitcoin as a currency, but people only discuss investment and profits.

Working in finance as an advisor I think I've got a pretty good feel on how to answer this question as my clients are constantly asking me about bitcoin/cryptocurrency.  The "average" view of most is one that is uninformed. Most people really have no clue how bitcoin works, regardless of whether they own any or not.  I also find that it's almost 50/50 when it comes to those whom are willing to listen and understand about bitcoin, and the other half being ones that have no interested in even learning about it as the theory of how crypto money works goes against what they know money to be ( or at leas think they know ).

He mixed up between value and price.

I think he want to say Bitcoin price will be very high in the next ten years later, he not meant Bitcoin is worthless right now.

But the value of Bitcoin is always stay regardless the price is, because Bitcoin's value are decentralization, security, peer to peer without KYC, limited supply, etc.

I can say the view of an average citizen concerning cryptocurrencies are mixed. To the optimists, they think any investment in cryptos is a shortcut to turning their poor status to affluence over night. To the pessimists, they think it's another scam waiting to happen. So the steer clear of it. While to the rest of us "shrewd" believers we think it's an investment that can go either way but should be handled with extreme carefulness to get the best out of it.

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I first heard of Bitcoin around December of 2016 and I immediately took that decision to embrace it without dillydallying on it. Even at that I still feel a bit sad I didn't know earlier. I just can't imagine how those who knew of it in 2009/2010 but never took the risk to invest in it would feel. I would be beating myself dead if I were one of them.

Because all covered up by investment discussion since there's a lot of people thinking to earn profit for short term or even for long term that's why the discussion about its purpose has been erased out for a while. Maybe one factor affect is the adoption since they can't use it to buy something on physical store that's why this is the current flow of discussion for now.

But I believe once there's another more country will make it as their legal tender for sure the discussion regarding bitcoin as currency will be the flow of discussion. So right now its fine to see if people talk about their investment of bitcoin since many aim to get profit from it.

I will use people within my location as a case study, the view of average citizen here is "Low" many of the average citizens here are still doubting the authenticity of crypto in general.
90% of people I have interact with have very limited knowledge about crypto hence their view is low. Till now, some people don't believe there are life changing opportunities in crypto both as an asset or a means of transacting business without any form of delay.

In my current work place, 99% of the staffs have little or no knowledge about cryptocurrency, Out of the 10% who are fully aware, only 5% i would say are actively involved, rest 5% are too scared to loss money because they are in doubt and not very trusting of the space. In my own opinion, the view of an average citizen in my location is low.

Does Bitcoin currently have no value? Is this so? Somehow I seriously doubt this. Many countries freely accept it as payment for goods, services, etc. How do you like this? Is this factor really not enough? Was the value determined many years ago when people realized the benefits of this electronic payment system? Or have you already forgotten what it is? Remember what fundamental base the Bitcoin crypto project has. Keep this in your head. This will help you remember the value of this asset in the future.