Why some people say Bitcoin has reached its "maximum exposure" level?

awesome31312

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Quote from: btcstomper on September 27, 2014, 03:35:34 PM

Quote from: bl4kjaguar on September 26, 2014, 02:22:36 AM

In the US, more than 50% of consumers have heard about bitcoin. Still, the majority – 65% – said they are unlikely to buy the currency.

http://www.coindesk.com/real-world-problems-bitcoin-actually-solve-right-now/

This is extremely UNREALISTIC. More like 20%. Just test it yourself, ask random people and they have no fucking idea what Bitcoin is at all.

Asking random people isn't carrying out a scientific study

btcstomper

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Quote from: bl4kjaguar on September 26, 2014, 02:22:36 AM

In the US, more than 50% of consumers have heard about bitcoin. Still, the majority – 65% – said they are unlikely to buy the currency.

http://www.coindesk.com/real-world-problems-bitcoin-actually-solve-right-now/

This is extremely UNREALISTIC. More like 20%. Just test it yourself, ask random people and they have no fucking idea what Bitcoin is at all.

inBitweTrust

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Quote from: DeboraMeeks on September 27, 2014, 09:59:41 AM

Not gonna but MIGHT (it "should"). Thats the reason people are buying in. But its speculative theory.

There is enough momentum and enough of us old timers that are committed to Bitcoin that we aren't dependent upon new adoption as we will drag bitcoin to greater values by divesting our own Fiat to fulfill our aspirations. Growing the market-share is merely a perk.

This is going to happen notwithstanding the fly by night speculators or detractors.

DeboraMeeks

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Quote from: Bitcoin Magazine on September 26, 2014, 12:25:56 PM

Quote from: awesome31312 on September 26, 2014, 08:18:24 AM

Because the media keeps reporting that the Bitcoin "bubble" has "burst"

the price is gonna go up every 4 years. with a period of flat, followed by a rally. Edison Style!

Not gonna but MIGHT (it "should"). Thats the reason people are buying in. But its speculative theory.

shanem

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Bitcoin still has not reached its maximum exposure level yet. You will know it when people around the world keeps their savings in bitcoin or invest in altcoins. People on the street still do not know much about bitcoin yet.

awesome31312

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Quote from: CoinDiver on September 26, 2014, 12:36:49 PM

Everyone I know that has any sort of intelligence know about bitcoin. Why? Because I've told them. I frequently comment on politics in casual conversation, and any time I've got someone who can obviously reason, I divert to economics/currency issues, and bring up bitcoin. Most have heard about it already, but know nothing about it. I usually tell them something like "It's like emailing money, but there is no central bank, corporation, or government controlling it." Pretty much everyone hates one of the three. Their questions direct the conversation after that. It get's easier to more you talk about it. At first it was hard to answer questions eloquently. I've got 7 people who are holding bitcoins now, that weren't when I talked to them. Two years ago there was 0, and even friends that were well versed in economics, monetary policy, and markets were unaware of bitcoin. We're up at least 50x since then, but it's still a very insignificant figure.

I know people who thought mining was "generating free money" hahaha

CoinDiver

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Everyone I know that has any sort of intelligence know about bitcoin. Why? Because I've told them. I frequently comment on politics in casual conversation, and any time I've got someone who can obviously reason, I divert to economics/currency issues, and bring up bitcoin. Most have heard about it already, but know nothing about it. I usually tell them something like "It's like emailing money, but there is no central bank, corporation, or government controlling it." Pretty much everyone hates one of the three. Their questions direct the conversation after that. It get's easier to more you talk about it. At first it was hard to answer questions eloquently. I've got 7 people who are holding bitcoins now, that weren't when I talked to them. Two years ago there was 0, and even friends that were well versed in economics, monetary policy, and markets were unaware of bitcoin. We're up at least 50x since then, but it's still a very insignificant figure.

Bitcoin Magazine

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Quote from: awesome31312 on September 26, 2014, 08:18:24 AM

Because the media keeps reporting that the Bitcoin "bubble" has "burst"

the price is gonna go up every 4 years. with a period of flat, followed by a rally. Edison Style!

Gleb Gamow

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Quote from: LFC_Bitcoin on September 25, 2014, 05:53:58 PM

I have to agree that we are still early adopters.

If you ask 1000 random people in the street if they own BTC you would be lucky to find 1 or 2 that do.

My percentages are higher. While heading to the LV conference last December, I stopped at a Wikieup, AZ, service station to fill up with fresh Java - leaded - and an early evening snack. All three women working there knew of Bitcoin to one degree or another.

On the way home, I stopped at a small cafe in Nebraska in a very small town near the interstate exit, again for leaded Java. The young gal wasn't that versed in Bitcoin, but stated that her sister was a big fan of it and this forum. She then asked for my autograph to give to her sister as a birthday present.

inBitweTrust

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Quote from: frankenmint on September 26, 2014, 10:02:36 AM

Quote from: LFC_Bitcoin on September 25, 2014, 05:53:58 PM

I have to agree that we are still early adopters.

If you ask 1000 random people in the street if they own BTC you would be lucky to find 1 or 2 that do.

Thats untrue. I know because I tell a ton of different people about bitcoin and since March, I've noticed more people will give me an 'inside nod' or chuckle about bitcoin when I mention it for the first time. I remember telling someone randomly about bitcoin and he was like "oh yea I'm looking at buying a rig right now, Im glad you mentioned it now I can ask you questions!"

So yea, I suppose it also depends on the area you live in but if you have an urban area I would venture to guess that maybe 70 of those 1000 people know about bitcoin on a casual level and that maybe 200 of them have heard the word but don't know much more about it.

Correct, I would even suggest that in US and Europe half of people have briefly heard about it and know its some form of digital money.

Bitcoin suffers from the same problem as the early internet because its so new and different that simply being aware of it isn't enough to know about it.
Most people have misunderstandings which prevent them from using and adopting bitcoin. This will change in time. I have flipped people personally from ridiculing bitcoin to accepting it for their small business.

frankenmint

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HoneybadgerOfMoney.com Weed4bitcoin.com

Quote from: LFC_Bitcoin on September 25, 2014, 05:53:58 PM

I have to agree that we are still early adopters.

If you ask 1000 random people in the street if they own BTC you would be lucky to find 1 or 2 that do.

Thats untrue. I know because I tell a ton of different people about bitcoin and since March, I've noticed more people will give me an 'inside nod' or chuckle about bitcoin when I mention it for the first time. I remember telling someone randomly about bitcoin and he was like "oh yea I'm looking at buying a rig right now, Im glad you mentioned it now I can ask you questions!"

So yea, I suppose it also depends on the area you live in but if you have an urban area I would venture to guess that maybe 70 of those 1000 people know about bitcoin on a casual level and that maybe 200 of them have heard the word but don't know much more about it.

sandykho47

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Knowledge its everything

We still in early adopters
But, already from in-development to alpha

When we reach final stage, most people will know bitcoin Cheesy

Beliathon

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