Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: shadowgun1102 on May 16, 2019, 08:05:31 AM



Title: The key to configuring
Post by: shadowgun1102 on May 16, 2019, 08:05:31 AM
The overwhelming majority of highly intelligent people I talk to still have no idea why Bitcoin is valuable. (http://google.com)

We are extremely early.

The ability to identify opportunity before others and take advantage of the information asymmetry is key.


Title: Re: The key to configuring
Post by: CryptoBry on May 16, 2019, 08:24:26 AM
The overwhelming majority of highly intelligent people I talk to still have no idea why Bitcoin is valuable. (http://google.com)

We are extremely early. The ability to identify opportunity before others and take advantage of the information asymmetry is key.

Getting something like bitcoin to the mainstream is not that easy given the fact that there is no advertising budget and campaign for bitcoin similar to big corporations and well-oiled organizations can do. Since this is a decentralized kind of a beast, no one can claim its ownership that is why in the very early days bitcoin spread from one mouth to another. Right now, there are already many in the mainstream media that can pick up news on bitcoin especially if there is a bull run just what is happening right now...

I could not cite some statistics but it is safe to assume that majority of our people are not yet into bitcoin though a big percentage may have heard of it in the media so if one is into investing then the field remains to be wide and open for anyone to participate. Of course, one has to do his own due diligence and then understand that there will always risks involved. Good luck.


Title: Re: The key to configuring
Post by: Haunebu on May 16, 2019, 12:24:58 PM
Obviously. Bitcoin is still growing and no one said that it is fully ready to serve as an alternate payment solution currently, but regular developments(LN developments, segwit etc) will help make this possible by pushing adoption rates higher sometime in the future.


Title: Re: The key to configuring
Post by: Leonardo7 on May 16, 2019, 03:57:36 PM
A lot of persons daily visit my office and I talk to them about bitcoin, the first thing they say is "I heard it has crashed as per price wise" I will ask them "do you how it works? they would say not really but I know it's like a Ponzi Scheme. Well, people need to be carefully educated. We that are here at this time are extremely fortunate.


Title: Re: The key to configuring
Post by: Genemind on May 16, 2019, 04:21:54 PM
A lot of persons daily visit my office and I talk to them about bitcoin, the first thing they say is "I heard it has crashed as per price wise" I will ask them "do you how it works? they would say not really but I know it's like a Ponzi Scheme. Well, people need to be carefully educated. We that are here at this time are extremely fortunate.


I agree with you. People nowadays are just aware of bitcoin's price but they didn't know how it works and how it functions.
Some of them even thought of it as scam. If people would only know the importance and function of cryptocurrency, they will surely invest and switch to it.


Title: Re: The key to configuring
Post by: traderethereum on May 16, 2019, 04:22:58 PM
And while not many people know what bitcoin can give to them, we should take the opportunity from bitcoin first before them.
We have much time to use the opportunity, and we could have time to collect more and more money from bitcoin.
And after many people know about the benefits of bitcoin, I am sure that they will start to competing for each other to get more bitcoin and meanwhile, we already have much bitcoin in our wallet, and we don't have to bother with the competition.


Title: Re: The key to configuring
Post by: Ailmand on May 16, 2019, 06:39:49 PM
Lucky are those who have learned and earned bitcoin when most people are doubting about it years ago. Since bitcoin is now facing a lot of adoption, I'm sure that most people would get into it so we still have an advantage over them. Not being selfish, we should take all the chance to earn while we are able to access it without too much complications.


Title: Re: The key to configuring
Post by: edisystem on May 17, 2019, 10:17:23 AM
Not only you OP, it's the same situation here. Most people that i know here also have no idea about bitcoin and the potential of bitcoin.

Bitcoin and cryptocurrency are still early indeed, i guess it will takes years to make people realize the benefit and the potential of bitcoin.


Title: Re: The key to configuring
Post by: jakelyson on May 17, 2019, 02:48:29 PM
The overwhelming majority of highly intelligent people I talk to still have no idea why Bitcoin is valuable. (http://google.com)
Not all highly intelligent people are interested in bitcoin thus, they cannot see its value. Have they read its Whitepaper or studied the blockchain? Everything you need to learn in order to see the value of bitcoin is in the blockchain.

We are extremely early.
You bet we are, and we are extremely lucky that we got in this early. Bitcoin is still very young and still can improve a lot in its technology and its value.


Title: Re: The key to configuring
Post by: livingfree on May 17, 2019, 03:55:26 PM
If you can cite what are the occupation of those highly intelligent people that you have talked to, we can conclude that they really are highly intelligent.

And no arguments on how early we are, as long as we arent seeing the price with 6 digits, we are definitely early and has that advantage to take that opportunity.