Topic: Why only 6.2 percent of American citizens own Bitcoin? - page 7. (Read 1526 times)
6.2% of all the citizens of the United States I think quite a lot. if counted there are around 20 million people who use bitcoin. and I'm sure the numbers will continue to grow. most people are not familiar with bitcoin they are accustomed to using fiat money or credit cards or paypal for daily transactions, and also not everyone has more money to use bitcoin investments. so it's natural if in each country the number of bitcoin users is below 10%. but I am optimistic that when bitcoin next year can become bullish again like 2017 then more people will be interested in investing in bitcoin.
6.2 its a pretty nice percent for Americans as they have a high number of population so there is still a lot of space to grow that number in the next months/years. My guess would be that as soon as Libra projects gets approval a lot of Americans will jump into the crypto train especially on Bitcoin and XRP. Another things is that I'm glad that the number of world wide adoption is growing on a decent pace every day and this is why Bitcoin was created right ? To be used by everyone , everywhere.
Amercias should get knowledge about crypto currencies and their benefits and mass adoption should increase in america then we can expect more btc owners
i think, in every country also have that number, but some country have high user and maybe above 10%. if we join on internet, some site, maybe many people of different country, but actually maybe it just same person with many account. the spread of bitcoin is not fully conpleted. thats why, if we want to world, all of people know about bitcoin, we must spread. to known person until strange
The idea of owning and keeping your money in a form digital currency scares people even if the platform of bitcoin looks good and flawless. This discourages people from owning bitcoin since they are scared they might lose their money with the least mistake. To further add to this regarding why just a few percentage of Americans own bitcoin, bitcoin as been referred to as nerd money. This means that only people who are into computer programming and science know about Bitcoin and own some of it. This can somehow 6.2% have knowledge about Bitcoin and own bitcoins...
Likely it's a convenience issue. Americans love their credit cards and loans! I doubt they haven't heard it yet, most major network has made at least one story about Bitcoin.
It's hard to believe that people haven't heard of Bitcoin yet, so your observation is something I can agree with. People here just need to accept that the demand for Bitcoin isn't all that high yet in relation to the entire US population.Taking above into consideration, it shows how much potential demand there could be for Bitcoin, so if we have gone up to where we are today with low adoption, imagine what's going to happen when mass adoption actually takes place.
At today's price the risk v reward ratio seems pretty solid, so I am adding to my spot position twice a month.... if we fall even lower then I'm getting even more satoshis for my fiat so you won't see me complain.
Solid economy and low employment. The historic 10+ year bull run, coupled with low volatility, and ease of access to traditional assets over the past decade. It will be telling to see how Bitcoin responds during the next bear market and whether more Americans adopt if it is able to produce uncorrelated returns as a safehaven to store assets - similar to the role of gold in a down market.
Bitcoin remains too complicated to understand and difficult to buy for the average person. Time, education and new service offerings from the large institutions is needed.
Bitcoin remains too complicated to understand and difficult to buy for the average person. Time, education and new service offerings from the large institutions is needed.
At first thought, I didn't think many of them really owns bitcoin.
Why?
1. They want ease with their everyday necessities and that means payments. That is why credit cards are the mostly used by them.
2. Their president is against it. Although they are now divided, the guy is a businessman which means it could be reliable. (although not)
3. They already know about gold which is more trusted to them since it was discovered. They would rather pick something into which they could hold on to physically than something which is not.
There are more answers to that why question but I am getting tired. I guess to summarize it all, they are pessimistic about the bitcoin technology.
Why?
1. They want ease with their everyday necessities and that means payments. That is why credit cards are the mostly used by them.
2. Their president is against it. Although they are now divided, the guy is a businessman which means it could be reliable. (although not)
3. They already know about gold which is more trusted to them since it was discovered. They would rather pick something into which they could hold on to physically than something which is not.
There are more answers to that why question but I am getting tired.
I guess to summarize it all, they are pessimistic about the bitcoin technology. 
Likely it's a convenience issue. Americans love their credit cards and loans! I doubt they haven't heard it yet, most major network has made at least one story about Bitcoin.
I really don't think people are aware it exists. Sure you have quite a few people that have heard of Bitcoin but many have never really put much thought into what it exactly is or how it exactly works. Crypto-currency is well known bought not well adopted. Until their is an easy to explain concept, the understanding of Blockchain & Bitcoin will float above most peoples heads. It really isn't taught in school unless you find a specific course related to cryptocurrency and Blockchain. Try explaining Bitcoin and Block chain to average JOe in society or the elderly or disfranchised. Just try and explain it to my grand mother or nieces and nephews ( 
), I promise, you wouldn't get far.
), I promise, you wouldn't get far. 
According to this article , only 6.2% of a highly developed country like the US of America own Bitcoin , which seems unreasonable among the crypto community who rely on the Americans for Bitcoin to be mass adopted quite fast around the world. Here is the link of the news:
https://www.tronweekly.com/bitcoin-advisory-founder-shares-research-that-shows-6-2-percent-of-american-citizens-own-bitcoin/
https://www.tronweekly.com/bitcoin-advisory-founder-shares-research-that-shows-6-2-percent-of-american-citizens-own-bitcoin/
Assuming that the 6.2 % figure is correct, which I will take with a grain of salt since I don't see a published scientific paper, I will say the numbers look pretty good!
After all, bitcoin and cryptos are still too complex for the average joe and let's be honest... pretty useless, at least from their perspective! What I really wonder though is how many people out of that 6.2 % are actually into because of the technology and usecases and how many for the moons and lambos
That’s a lot for high population country like United State, a 6.2% equalivalent to 15 millions people, I don’t think many no coiner know nothing about bitcoin, they may be too lazy to want to learn more about it, most of them have too much commitment in their life, they need to go work work early in the morning, take care of family on the night, I think one hour of free time is too luxury to them, I’m looking at all my peer, in comparison none of them seem to be interest in bitcoin when I told them about it, I think I’m the only one who has bitcoin, which make me feel awkward among them, for them working is more important than anything else, their life is about work! Work! And more work!
Majority of Americans still dont understand what bitcoin is. 6 percent is already not so bad
According to this article , only 6.2% of a highly developed country like the US of America own Bitcoin , which seems unreasonable among the crypto community who rely on the Americans for Bitcoin to be mass adopted quite fast around the world. Here is the link of the news:
https://www.tronweekly.com/bitcoin-advisory-founder-shares-research-that-shows-6-2-percent-of-american-citizens-own-bitcoin/
Obviously because of the complications involve with BTC. Not everyone around the world want to remain anonymous in their ventures and realize that banking are scam. They feel banks and markets are perfect and swift. So they use banks for quicker remittances. Moreover even out of the 6.2% I think only 20% might only be using bitcoin for transactions everyday rest of them might only be using it for store of Value. I think problem lies with the transaction times and costs. Maybe Lightning Network could provide a solution for this problem and payments could become swift and convenient. https://www.tronweekly.com/bitcoin-advisory-founder-shares-research-that-shows-6-2-percent-of-american-citizens-own-bitcoin/
I fell like this kind of statistic comes from the fact that bitcoin and other crypto are used mostly by the undeveloped countries, where people are constantly struggling to find ways and things to earn money through the internet because their jobs are not paying as much, People in developed countries don't go out of their way to find a way to make money because the average salary is different that is why in my opinion the percentage of the ones that are involved in it are either big investors or ones that actually support the cause and really want to change the state of currencies.
although bitcoin is the main crypto, but it seems like people prefer to hold other alternative crypto, I myself am holding altcoin more often than bitcoin, like in China more people use eos than bitcoin, I think Americans prefer holding altcoin to bitcoin.
According to this article , only 6.2% of a highly developed country like the US of America own Bitcoin , which seems unreasonable among the crypto community who rely on the Americans for Bitcoin to be mass adopted quite fast around the world. Here is the link of the news:
https://www.tronweekly.com/bitcoin-advisory-founder-shares-research-that-shows-6-2-percent-of-american-citizens-own-bitcoin/
https://www.tronweekly.com/bitcoin-advisory-founder-shares-research-that-shows-6-2-percent-of-american-citizens-own-bitcoin/
Hmmm, I am not surprised, moreover I even thought that the total amount much less than 5% so everything is not so bad. I am absolutely unfazed because I consider it is an excellent situation when every the 20th person has bitcoin(s). Undoubtedly much less people invest in precious metals, in % I mean. Step by step bitcoin goes towards to success conquering hearts and minds of million people and I am sure that it is time to enter bitcoin and other crypto technologies in our life.
...only 6.2% of a highly developed country like the US of America own Bitcoin, which seems unreasonable among the crypto community who rely on the Americans for Bitcoin to be mass adopted quite fast around the world.
I thought people were relying on the unstable parts of the world for mass adoption.
There isn't any need for Americans to adopt bitcoin - they still trust the dollar (which has been gaining value against other fiat currencies since 2014), they have a solid economy and low unemployment. And their banking system is sound (it got fixed properly after the 2008 crash).
Adoption is more likely to happen in Europe due to problems with their banking system and the potential break-up of the euro. (If the euro looks like breaking up, watch for money to flow into dollars, yen, pounds, swiss franc and yes, bitcoin).
According to this article , only 6.2% of a highly developed country like the US of America own Bitcoin , which seems unreasonable among the crypto community who rely on the Americans for Bitcoin to be mass adopted quite fast around the world. Here is the link of the news:
https://www.tronweekly.com/bitcoin-advisory-founder-shares-research-that-shows-6-2-percent-of-american-citizens-own-bitcoin/
https://www.tronweekly.com/bitcoin-advisory-founder-shares-research-that-shows-6-2-percent-of-american-citizens-own-bitcoin/
It is still a bit complicated for newcomers to figure it out easily, there are no regulations, Trump himself bashed it, thus becoming the first US President to even acknowledge the existence of cryptocurrencies... Not to mention that, for all the use cases BTC already has, it's still not enough for mass adoption. Things will change over time, but we need to be patient and tenacious.
According to this article , only 6.2% of a highly developed country like the US of America own Bitcoin , which seems unreasonable among the crypto community who rely on the Americans for Bitcoin to be mass adopted quite fast around the world.
Then just 6.2% of Americans would be in the next generation of people who could say, "We are the new wealthy elite, ladies and gentlemen".
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Link that goes to a shitcoin news site?
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