Bitcoin Forum

As I toured the streets of downtown, I asked to question 10 people aged 25-30.

"Do you know of bitcoin or cryptocurrency?"

"Where do you get bitcoin information?" (If the answer to the first question is yes)

Of the 10 people I asked, 6 people answered never know about bitcoin and the rest replied that they know about bitcoin and cryptocurrency.

From the second question I gave to 4 people who answered that they know the average bitcoin replied that they know the bitcoin of the ads that appear in some social media services like BBM, Line, and Instagram. They told me that they were initially curious about the ads appearing so they tried to find out information about the ads.

The majority of people in this forum want bitcoin to be a world currency if viewed from the results of the survey above it turns out most people still do not know what is bitcoin or cryptocurrency.

How can bitcoin materialize into the world's currency if people do not know what bitcoin is? What do you think about to help the wishes of all bitcoin users come true in the future?

It's not the "existence".
Bitcoin doesn't lack "existence" as we would never be able to use it if so.

It's awareness or recognition or understanding...pick a synonym.

Out of pure curiosity where you asked this, as in country and location?
Because it's one thing to ask this question in Santa Clara and one thing to ask teenagers in Herman Gardens Detroit.
And I do hope you've asked them this question by using  better wording


Asking 10 people in the street a question is nowhere near conducting a global survey.
And BTW, how did you guess their age, especially in quite a narrow gap (25-30) ? 


Simple, when people will know about it and start using it, and things like this don't happen over night.
 

In a survey, the less people you ask, the lower the accuracy of your survey. If you asked only 10 persons in a specific area, they cannot represent the whole population or even the area itself. It might be true that bitcoin is not known to that area but it doesn't mean that bitcoin is not known in the whole world.

I think that day will come sooner or latter,
Surprisingly in SE Asia, I've getting a lot of job speaking about blockchain and cryptocurrency, well.. the majority is still from academics and bankers
Of course like Antonopoulos, i'll get to shill a little bit about bitcoin

IMO the best way is to educate people and frequently talk about bitcoin :)
Not about investment part, but about decentralize, open, borderless, etc..

So this poll was taken by 10 people in total? Yeah those results aren't anything to go by.
Certain countries have a crypto currency adoption rate of 30% and higher amongst the youth.

I think information best can be provided with the practical experience. But as we cant tell everyone to come to this forum and ask for the trial of using it or tell them to work here and earn some bucks in the form of BTC then that options is out of eye sight.

But I do know one option which is really involuntary of our efforts and thats the government! It might sound little weird at first glance but people do believe in things which re having some legal status. I mean if someday government accepts the bitcoin as legal tender and do publish that loud and clear to the nation or may be if president addresses to the nation and says that then we might see some results. What do you think about this option.  :D

Well many people bats an eye about it because in the first place they're blinded by the media saying negativity about bitcoin. Yeah it is pretty much helpful if all of the people engage into bitcoin, but in the eyes of the people what they've experienced will stay and maybe they've lost profit in bitcoin and lost their hopes and also they're influenced not to engage into various stuff because it is a scam which is not really. At the end of the day though, you decide on what is your strategy in a better future and life, and bitcoin is one way.

Bitcoin is not mainstream yet and if you are saying that 6 or more people out of 10 does not even know about Bitcoin, then

we should be glad about that. The market for Bitcoin is not saturated and that is good news for investors. You should be more

worried, when 8 out of 10 people knew about Bitcoin and if they are not interested to invest.  ::)

Your sample is just to small so you can't really get any data for it. I actually don't agree with Kprawn, and I think that bitcoin is mainstream already. Not in terms of adoption of course, but in terms of awareness. I know this goes against what the OP found in the survey he conducted, but like I said, questioning 10 random persons does not count as a sample from which you can get statistically significant results.

encourage people to know about bitcoin is not so easy, not all people have a will to know about crypto, if their daily activity from internet is just social media, then they might know it from ads or some link shared.


i think it depends on where (country) they actually did the survey, in some country there's also the lack of its existence. and of course not all of youth know about bitcoin.
youth with knowledge with technology, im sure they will.

Thats why when I see a question that am I still late to buy bitcoins than my only reply is unless the current adoption rate reaches a double digit percentage you aren't late into buying some bitcoins. It takes time for technologies like Bitcoin to reach world wide and become common among the general public.

Neither of you did not have a valid data proof about the Bitcoin awareness in the mainstream, and the subject can be measured by assumption.Nor OP data is unrealibe since it surely can't proof any legitimate statements. The fact is cryptocurrency is still at early age, mainstream still didn't know well about it.

Because Bitcoins is not yet popular, It's just like in my country for almost three years when I'm using bitcoins just now on the news, And the bad thing is wrong information. So much more is the bitcoins to get to know it and find out exactly what it will play in our lives and in the world.

This is what we should focus on, Identifying and knowing what bitcoins really are

Sadly it is not viewed as a currency with most people, but it is seen as an some speculative asset from where you can flip and earn some money. I can tell you that I have seen a lot more people who are familiar with bitcoin and crypto than the last year. For instance I even saw few people in buses on the mobile phone checking prices or reading some popular crypto news website so apparently adoption is slowly growing or at least awareness. It is not on the level we want it to be but just let the new bull run to begin, we need coverage by media to advertise it for free.

The bitcoin is still lacking from its existence an there are many reasons behind this and i think the major reason is lack of education, lack of knowledge among the people, traders and also employee and workers who are already working in any cryptocurrency firms. Actually many people don't know about the blockchain technology and about the bitcoin crypto transaction in detail and this can be solved by giving proper education on cryptocurrency and by giving exact knowledge about trading and mining those cryptocurrencies. Even the employee working in crypto firms are not aware of the crypto technology and they can't explain how the process moves on. ::)

In my city at least 9 of 10 people know what Bitcoin is... in a sense that it is a digital coin. However, I think that only 1 out of 10 knows more about it.

If you're going to try to use this as data to show people that bitcoin exists, you're going to have to go to different parts of the world, different areas (rural, urban, suburbs) and so on and so forth. And ask these people, I'll tell you that there are probably a lot fewer people that know about bitcoin. The US (or other first world countries) may have a good exposure to bitcoin and these new emerging techs, but other parts of the world don't.

We are lacking in adoption by businesses though, I can tell you that much. That's just by trying to buy stuff online with bitcoin.

The existence  of bitcoin is still lacking in some places because of lack of internet connection in that community  or state,  what can make bitcoin to thrive is internet connection  that will make people to be aware of it.  No internet  no bitcoin

Although the fanbase of Bitcoin is far better now than what it used to be few years back, there is still much room for growth. And Bitcoins success is enough to spread its existence to all and sundry; however should everybody introduce @least one person who is yet to know anything about Bitcoin will culminate in a rapid growth.

Yes indeed the spread of bitcoin is still not evenly distributed in every city, therefore there is nothing short to realize something to be great. Bitcoin only once shocked the world with its high prices, if bitcoin has stagger the world often and has surprised many people all over the city with its price that can penetrate the latest value later, it will be possible in the future bitcoin becomes more popular and will increasingly many are interested in investing in bitcoin.

This is really an issue that needs to be dealt with. Instead of showing ads leading to some websites to buy bitcoin, we should literate people about bitcoin. And most of the people are attracted to crypto just because they think they'll make huge profits from it. And in the lack of knowledge, it turns out that most of them incur losses.

Most of the world has an internet connection, I would have to say it is about 80 percent or more of the world at least has access to an internet connection (be it either public or private connection)

So I wouldn't blame on this, I would blame on it bitcoins volatility and other problems which is related with bitcoin and the tech itself (tx fees, tx confimration time, etc) That's the real problem here.

Maybe those people you asked doesn't have interest in investments, technology or assets. It also depends on what type of person you are asking but go in a street that's mainly full of business establishments or banks are close to each others. Your title says that existence of bitcoin is lacking? No bitcoin isn't lack of it, what bitcoin lacks is this.

That is how global surveys are conducted now a days.  :D They will conduct a survey of ten people and then try to calculate the percentage, that is the exact reason why Hilary won the polls conducted before the elections.  ;D

Good luck with that, if you find people who are interested in it, they already know those things, if you find someone who is willing to study new things then you can teach him, the worst part is that the common citizens wont understand anything you say because they are not familiar with the subject and i personally have experience teaching novice users and you will become mad after a few hours. :D It is a bit easy to teach people with trading experience better even if they do not know about the technology.

We can't make de decisions based on a survey where you asked juste 10 people.
We should ask at least 1000 people to have better results.
It's not your fault, at least you made an effort.
If we admit that 40% of people know about Bitcoin, I think it is a good result and more than I expected.

I think ita not lacking because the company of bitcoin will still alive no matter ehat happens, because they performed a excellent services and provide a wonderful service. 
Therefore they will stay here longer in our industry and will serve the people.

Bitcoin doesn't lack existence as we would never be able to use it what it does lack for me i'll say its awareness ,understanding and recognition.in your country or area what is the volume of people talking about bitcoin?people needs to know about bitcoin and its existence in our country's cause this sh** is real.there are hardly people who study's or research about something in the world today.spread the word.

Well, that's exactly what happens in real life. especially for people who are not so familiar with the internet world. regardless of what you do, I do not think that can be a powerful indicator of every research you do on a small scale. perhaps, in some developed and prosperous developing countries there will be differences in the mindset of the people.

yes its true, before i thought there are just few people who knew about bitcoin but then after joining in it i just realized that i am just one in a million people who knew it.

I agree with this information. I know some Bitcoin investors who don’t know how blockchain and Bitcoin network works. All of them invested in BTC because of ads or bloggers promotion on YouTube. People are lazy and want fast money instead of learning something new and understanding technologies.
Also mass media write that Bitcoin is risky and can give you a lot of profit. But where are education articles about blockchain and digital assets advantages?

I don’t think so because BTC is very sustainable crypto currency an resource which could never be exhausted and on contarary you are saying that the existence of bitcoin is still lacking then buddy I completely disagree with your statement because BTC is that virtual currency that has provided employment to millions of people and has helping a lot in reducing poverty to a very great extent and I don’t think that its existence is lacking anywhere.

I don’t think so that existence of bitcoin is still lacking because now a days bitcoin is going through very much of controversy that almost each and every country is now talking about the bitcoin where to centralise it or not and if you are saying that existence of bitcoin is still lacking then your statement is completely false . Though bitcoin has gone through many ups and downs, it doesn’t mean that bitcoin has no future with world economics, I am 100% sure that one day bitcoin will be the central currency.

I agree that people still know very little about cryptocurrencies. Although I think most people already know about bitcoin. With the exception of regions where difficult communication. For bitcoin to be recognized by all should take a long time. I think ten years.

Although, there are a lot of people aware of bitcoins their knowledge is still shallow in understanding how important and useful it could be.

Bitcoin is not the mainstream. Six out of 10 people do not know bitcoin, so will any of these four people be willing to invest in bitcoin?

Bitcoin is not the currency most people accept, it's just a speculative asset.

That is why we should have an active voice not just in the community but into the whole of the world as well. We should be active in campaigning and in helping other people especially the new one into transitioning seamlessly into the landscape of cryptocurrency. However I still do think that before we can really make an effort into the chaning of the regulation scheme we should first influence and drive the revoultion of our information to our peers firsto

gini friend, this bitcoin if in my area still lay / not everyone knows for example if we ask 10 people, only 1 person know, because this bitcoin for society is only less thing, so hard bitcoin this become world currency

It is precisely because most people do not know encryption, so the price of bitcoin will be likely to grow rapidly. I think the rapid growth of price is a good advertisement. It will not be long before more people know bitcoin.

In my country, less than 2 of 10 people know about Bitcoin. 3 of them think of it as a scam because of bad media publicity and remaining 5 dont care about new technologies. Its hard to see people neglecting something important, I try to make understand my friends and family about it and got success most of the time.

Those who really want to know, will find a way to research it. it is like a treasure that we should dig for us to unveil its power to make us earn and to get rich if we managed to do so.

Although we are in digital age but  still people uses Fiat currency as what they used to for many centuries, maybe they survey are focused on the elderly people but  for  the young generation bitcoin will become more popular and we should consider that  population is becoming younger.

The existence of bitcoin is not lacking as perceived. Not that the majority do not know Bitcoins; but the problem is the technicalities involved; blockchain technologies, complicated investment platforms among others scare people from cryptocurrencies.

Understanding of technological developments will also affect the understanding of Bitcoin. then do not be surprised if bitcoin is unknown evenly. it will depend on technology. especially the internet.

I think the lack of understanding of the bitcoin is a very bad thing to you when investing in it and risk of loss of capital. bitcoin is a smart digital currencies all time we should learn civil about it.

A lot of people still think bitcoin is a scam or a Ponzi Scheme because it is not regulated. They don’t want anything to do with something that is banned in some countries. Some are just too lazy to understand technology. People need assurance that this new technology is covered by laws. The recent agreement on the G2O Summit and the entry of giant conglomerates like Samsung into cryptocurrency erased some doubts from millions of skeptics. There are billions of us but we are getting there.

If you ask 10 randow guys in the streets about mechanisms of economic or credit system, they will also have nothing to say. Cryptos are new and not really used so far, we can't require everybody to learn about it

I think this is not a problem because Bitcoin is still alive and it will never end. Because they created it to serve the country and the people of the country. Currently it is a great service provider in the world. So it will be able to provide universal support to the people of our country from our country. So, the presence of Bitcoin is not yet uninterrupted, but is more effective and powerful.

Very interesting thoughts. Will be much more interesting when you share what research you will do to make the bitcoin stronger so that everyone will believe in bitcoin.

I completely agree. This is a dry statistics and you can not argue with it, you need a more global study of the problem

why only take 10 people to sample? is not that so much less? not to mention where you live. I think this research is not accurate. because seen from the number of samples was too little. I think samples must be taken from each country. each country will have different results.

Like this? Bitcoin exists, although it is a veritable currency, but for it you can buy a lot and conduct a lot of Internet operations, how it does not exist?...

 It might sound little weird at first glance but people do believe in things which re having some legal status. I mean if someday government accepts the bitcoin as legal tender and do publish that loud and clear to the nation or may be if president addresses to the nation and says that then we might see some results

I think that the existence of bitcoin is already proved but what is still lacking is the point of demise, with some volatility bitcoin keeps on increasing in price without any point of slowing down makes it hard to predict when and how it will collapse or will it be the ultimate standard

I my country most of the people heard about bitcoin back in 2012 when it start to become popular. Back then medias seem to be okay this digital currency they openly telecast about it. Bot most of the people actually dont know whats is this and how it works because of lack of publicity and awareness.

having small sample size means lesser accuracy.you try more people to have more accurate results.+

I agree with the author wherein how could bitcoin become a part of the world currency when only limited people had known it. Here in our country, bitcoin is not that very popular since people seems to have no idea what it is. I believe if bitcoin will be further promoted, well advertised and proper education, then this may be gradually be understood by the people. However, since bitcoin involves this blockchain technology, I think the normal people might be mislead with respect to it's technical use and find it more complicated for them to understand easily.