Bitcoin Forum

The future of crypto currencies is unknown,  but it is a new generation of Money which is already replacing the paper currency, especially Bitcoin been the most popular and successful among other crypto currencies so far, bitcoiners need to know that currently Bitcoin is trading low from its all time high, Bitcoin should not be viewed as a short term Investment, but should be seeing as a long term life changing investment due to its liquidity and high returns when trading high.
Bitcoin is a digital currency that has come to stay, as long as the internet stays , most persons that didn't believe in Bitcoin 10years ago regretted it, that will be also be the case for people who don't be in it now come 2034.so think positively take the risk and Investment in Bitcoin today.

This was the part that struck me, because that's what it actually is. It is what it is  ;D.

Just the other day, someone who picked up interest to invest in Bitcoin was actually seeking my attention so I could explain to him a few things about Bitcoin. In the middle of our discussion, he asked me if I think he can still make any good profit from Bitcoin, due to the fact that the price is currently too high; the price for that day was $42k. Then, I returned the question to him and asked him: How much was the last all-time high price for Bitcoin?

He stare in confusion before saying that he didn't know about Bitcoin's all-time high.

So my question to anyone reading this now is: do you guys believe that there are people who may have an interest in Bitcoin but don't know the last ATH price of Bitcoin?

OP, you are right in your statement. Considering the 2021 Bitcoin ATH, the price is still cheap now, and there is still every possibility that those who invest now will make a profit.

Yes, absolutely, especially those who are new to bitcoin and those who invest in or have an interest in bitcoin because of the hype, and because of that, they ignore the necessary things they need to know about bitcoin and proceed to finding ways on how to earn or just buy bitcoin and hold it without understanding first what bitcoin is all about, and those beginners tend to lose their investment as they are not used to the volatility of the bitcoin market. I once had a colleague that does bitcoin hold and trade, but when I asked how he does it, he just said that by intuition, he really doesn't have an idea of what he is doing, just hoping he will earn from what he is doing. From that, I gave him the advice that he should know what he is doing first because bitcoin investment is not a joke or just relying on intuition to earn. So yeah, many people are not aware of the existence of bitcoin, but there are also those who know about it and start investing but don't know the true essence of what bitcoin is.

Really i don't see the essence of creating this thread, and from the very beginning of this thread I can see that this was not a well-thought-out thread and at that could have missed alot of vital content,  for you to say that the future of cryptocurrency is uncertain, it then means that you too lack the basic knowledge of the existence of bitcoin and what it stands for, because we can't have all those developments and still be uncertain of the future of Bitcoin,  that is not right mate.


You will need to take another look at what exactly you mean by the future of cryptocurrencies being uncertain because for sure we already have a traction as to where we are going and what we should expect along the line.

People must stop comparing from the all time highs and check that all time lows, I think with that perspective, you'll get a better view about Bitcoin.

But we're all in agreement here. I've talked to my friends and when they've heard that Bitcoin has been increasing dramatically, they've approached me.

So, this is for the perspective of average citizens but don't own any Bitcoin. They will just like it when it pumps but when it dumps, they'll leave you alone.

In my area people view bitcoin as kind of investment, people around the circle of my family knew i invest and have knowledge in bitcoin and crypto so they tend to ask me whatever they have in mind. They are somewhat shock when i'm telling them you can pay things online and offline using bitcoin because they just see bitcoin as just like stock.

Most people around me are still thinking that bitcoin and other cryptocurrencies are get-rich quick schemes that made overnight millionaires, when in reality, it takes years of holding before the benefits are reaped. They also think that most of those who got rich with cryptocurrencies are scammers due to the fact that some of the news entering the mainstream media here in our country only reports of crimes related to cryptocurrencies. They know that crypto is the real deal, but you can only make it if you are scamming and accumulate tons of bitcoins in a short span of time.  ;D

Cryptocurrencies such as bitcoin and so on, do have good potential in the future. Because crypto currency seems to be integrated with the sophistication and progress of today's era. Therefore, the potential of cryptocurrencies like bitcoin looks brighter in the future. But we actually don't know what the future will be like, because sometimes the world changes.

However, in my opinion, even though bitcoin and cryptocurrency do have good potential, if they want to replace paper currency, it seems like it is still just a theory. Because it is not that easy to replace the currency that is already circulating throughout the country, and replace it with crypto currency. Indeed, now El Salvador has proven that cryptocurrency or bitcoin can be used for transactions, but what I want to know is, do El Salvadorans still use paper money or not?

But regarding investment, I really agree that investing in them (btc, crypto) is very good. Because currently bitcoin continues to experience significant price increases. So to use it as an investment asset, it would be very good.

Most people who currently knew Bitcoin were the ones stumbled it somewhere because it's getting pump up that's why there's a lot of hype everywhere and that includes scammers creating ads on their fake website. So anyway, I think some people in my area knew already about the Bitcoin but doesn't really care much while the rest are excited about their investment to grow. There are also some who was misinformed or didn't know the whole truth about how Bitcoin works because they were scammed one time in the past but didn't bother to do some research that's why they believe that it's still part of the scam tactics whenever they hear about Bitcoin.

Replacing paper currency, Bitcoin won't be able to do this. There are many choices for people to store and move their funds and Bitcoin will forever be one of options.

From all time high in 2021, Bitcoin now is down about 30% from the ATH, not too much. It already rallied a lot from the bottom in 2022 after two big fiasco, Terra and FTX exchange.

To have a view of a long term Bitcoin investor, people must understand about Bitcoin's controlled supply. How it was defined, enforced and how many bitcoins will be available for future supply as well as how many bitcoins probably lost as donation to everyone.

Controlled Supply (https://en.bitcoin.it/wiki/Controlled_supply)
Equivalent Network Time (https://bitcointalk.org/index.php?topic=5331087)
How is the 21 million Bitcoin cap defined and enforced? (https://blog.lopp.net/how-is-the-21-million-bitcoin-cap-defined-and-enforced/)
Lost Bitcoin: 3.7 million Bitcoin are probably gone forever (https://decrypt.co/37171/lost-bitcoin-3-7-million-bitcoin-are-probably-gone-forever)

Bitcoin is not replacing paper Currency.  Not yet.  The average citizen still has doubts about the legitimacy of Cryptocurrencies, particularly the more elderly.  Younger people present more interest due to trends in my opinion.  The NFT trend, particularly the Apes, has done a lot of damage but also a lot of good by turning meme sharers into Cryptocurrency believers.

The AVERAGE view is a thing that must be studied.  But even then a study would not provide too accurate information.  How do you do it?  Polls on Bitcoin Talk?  They are obviously going in favor of Bitcoin for the most part.  A poll on Twitter would be different than polling a community where there are more adults over 35.

It depends strongly on the areas you are looking at.  Some people would say their area is highly supportive of Cryptocurrencies.  I say it depends on each person but the younger the person is, the more they are susceptible to gathering interest in Bitcoin or other Shit Coins.

It is actually not replacing the traditional currency. We are using fiat on a daily basis and unfortunately we cannot do that with Bitcoin due to some reasons like high fees and it's volatility. We are up into it right now for investment purposes, I think most of us do.

Exactly and I agree with you on this. I recently checked the chart of Bitcoin in 1 year perspective and that confirmed your words. Based on that timeframe of the chart Bitcoin keeps on moving upward from 2011 to 2024. So what are we waiting for? Accumulating Bitcoins via DCA right now even in portions will surely give us the higher chance to make pretty decent profit in the future.

It is your personal view about Bitcoin. I am sure a lot of common people do not think the same way as yours. Bitcoin is indeed a life changing investment. But when Bitcoin was initially launched, it was a currency system and not an investment. But as per the free market, it has become an investment.

Also it is not necessary to think that everyone who invest in Bitcoin will make a whole lot of money. There are people who had lost money in Bitcoin. So it is always better to take a cautious route to invest in Bitcoin and one should not invest 100% of their money into Bitcoin.

The greater part of the global population does not know about cryptocurrency, so it might not be correct to assume that it is replacing paper currency. I don't also think that Bitcoin is designed to replace fiat but to be a viable alternative. However, Bitcoin awareness and adoption are gradually increasing which means that more people will keep joining the crypto space. Most people in my locality think that Bitcoin is a scam because they expect to make quick money from investing in the coin. When they fail to make a profit within a few months, they assume that it is not worth investing in. Bitcoin is a long-term investment and not like shitcoins that can be pumped and dumped cheaply.      


Bitcoin faced so many attacks and opposition from governments, corporations and some influential individuals. But it has been able to withstand these attacks and keep breaking new ground. The recent approval of the ETF by the US SEC is an indication that Bitcoin has become a major player in the global financial system. Just like other dominant currencies, it has come to stay.  

You're wrong, Bitcoin's ATH was happen in 2017 and 2021, it's where the trading volume was completely low than 2015-2016 where Bitcoin price was around $400-$1K. That means trading volume doesn't necessary increase Bitcoin price.

Bitcoin price increase when many people not willing to sell their coins at low price and there are a lot people want to buy it due to scarce.

https://imgvb.com/images/2024/01/12/c482cee1f42e6b40e91b543e2d0065bd.png
https://data.bitcoinity.org/markets/volume/

It is always the same story, bitcoin goes up in value and makes it to the news and then all the people that know that you are into bitcoin begin to ask all kind of questions about it, as they want some of those profits for themselves, but the issue is that if they had begun their research years ago, when bitcoin was pronounced dead for who knows how many times already, then they would have invested years ago and made profits, instead they want to do this when bitcoin is ready to skyrocket and they have no time to learn, save and invest in it.

The future of cryptocurrencies especially bitcoin is not UNKNOWN. Seeing the progress of bitcoin from the last 10 years and here we have now the bitcoin EFT approved. This would mean that bitcoin is not going anywhere and it is the future.

If the average citizen thinks and denies the bitcoin and cryptocurrencies then we can have no words for the ignorance of such people. They will just remain back in society if they are still conservative about accepting bitcoin.

I see bitcoin ETF as a catalyst to bitcoin adaptation, ETF could possibly help the distribution of bitcoin among US citizens thus increasing the bitcoin knowledge and could spread bitcoin curiosity on US. I believe that 3/4 of the earth population possibly didn't know what bitcoin is or heard about it but I think with the help of ETF and other similar way to distribute it, it can help people to understand what bitcoin truly is. I think that people outside crypto space should learn more about bitcoin and over all cryptocurrency as I believe it will our future.

Haven't looked into further problems where bitcoin completely replaces paper money because in the country where I live bitcoin is only legal as an investment asset and that means the relationship between bitcoin and paper currency still has enough of their respective roles without replacing each other. Bitcoin can be invested as a short-term or long-term step because it depends on how someone expects rewards, although sometimes investing in Bitcoin has much more potential if done in the long term because it is able to maintain value and provide maximum profits.

There are many people who don't believe in bitcoin and that is the case until now, but the growth of bitcoin is increasingly widespread with support for greater adoption. People do not realize how bitcoin can maintain the value of investments made as long as it is not influenced by panic and perhaps because knowledge narrow makes people unable to see the opportunities generated by bitcoin.

When I say it's future is uncertain I mean crypto currency is very difficult to predict due to its high volatility, crypto currency has the potential to shake our financial industries  in the future ,more than they have done now.
Bitcoin enthusiasts are very positive with not too possible predictions , when it comes to predicting crypto currencies, BTC has seen several decline in market value but always become stronger every time this happens.

To the very average citizen who is neither too poor or too rich, their views on bitcoin differs. At some point I was an average citizen. When it comes to knowledge about Bitcoin and what it can generally be thought about as was that it is a scam waiting to happen, it is an investment that only the fortunate early adopters will profit from, it is too late to invest now. Because of some of these opinions on Bitcoins from average citizens it is holding them back from investing and for others who were able to skip that hurdle and invest, their opinions is stopping them from investing as much as they can.

The most common view of an average citizen on cryptocurrencies is unfamiliarity. They know the word Bitcoin and that it's an internet currency, but anything which goes behind this basic concept is unknown for them. All the informations they have come from the mainstream media, meaning they are bombarded by news telling it's something dangerous to deal with, at same time it's highly profitable, as traditional news also notice when Bitcoin price pumps a lot.

However, they don't dare getting involved with cryptocurrency, because they have no clue how to do this, neither enough will to do their own research and start from zero, like probably many of us have done in the past. Average citizens are on this average position because they aren't willing to leave their comfort zone, what would inevitably demand them to take some risks and think by themselves in search for what can be benefical for their lives.

I still see many people have this misconception, they think that anyone who invests in bitcoin will profit and become rich , and they will also achieve it easily . They are so naive that they do not know that bitcoin and crypto are a financial market and there will be winners and losers , even very few winners and majority losers.

The only difference between bitcoin and other assets is that its volatility is greater and that can help us make huge profits but can also make us lose everything . It's up to us to earn money or not , it's not like we just invest in bitcoin and we will definitely become rich .

op I agree with you. That's because Bitcoin newbies must have enough knowledge about Bitcoin, if they don't have enough knowledge, they won't be successful in trading Bitcoin. Because many may not understand how to trade in Bitcoin many trade for a very short period of time. If you trade bitcoin for a short period of time, you will never succeed. When it comes to Bitcoin trading, you should always have a long-term plan because if you don't have a long-term plan, you will never be successful with Bitcoin.

That's the fact that most people don't want to acknowledge, which is there will be always risks or pros and cons with Bitcoin cause they are too optimistic that it reaches the point where they disregard the negative side. If people tried to skip the process as they always want to experience win, they would not learn and grow without the losses as well. Bitcoin's volatility is one of the reasons why people love it as they take advantage of it, but there's nothing that you would be rich in just a day, it really takes time for your money to grow it could even take years.

I do agree with the sentiment, and that Bitcoin will be greater in 2034 than it currently is, but there's also a lot of mixing of 'currency' and 'investment' here. Bitcoin is a good long-term investment, many will agree with that. But is Bitcoin a good currency, a good medium of exchange? Adoption of Bitcoin as a form of money seems to be slower than adoption of it as a form of investment. We can see major investment funds working or planning to work with Bitcoin, but can we say the same about major marketplaces? So I think it's important to distinguish these two, even though Bitcoin can be both.

How does your topic correlate with this thread now? Nevertheless, If you say the future of Bitcoin is unknown, aren't you discrediting the reliability of Bitcoin? Assuming I am a newbie with no knowledge about bitcoin but I'm interested to learn and invest in Bitcoin and suddenly you said the future of Bitcoin is unknown, how do you think I will feel? You shouldn't expect me to invest in what has no future. I know how risky and volatile bitcoin is, but saying it's future is unknown is very demarketing. Cryptocurrency and particularly bitcoin, is actually here to stay and already playing a great role in our financial system since we are in the era of technology.

Bitcoin replacing money? I don't see that happening anytime soon because it's not the aim bitcoin was created in the first place but rather created that no central authority would be able to control it. Even if government approved bitcoin today, our traditional can not just vanished like that because we need it for daily transaction. You already said bitcoin is a long time investment project and we can not use it to settle petty payments especially in a time like this we are having fees upsurge.

I don't really understand that what you are really want to mean by this topic? Where you are once saying that the future of cryptocurrency is unknown and on the others hand you are saying for investment. Whhere the future is unknown why people will invest there?
But some of your points are correct.  Because if anyone wants to invest in Bitcoin, he must adopt a long term strategy to get a good and secure profit. Moreover, there is DCA method for risk management. Moreover, we should not think that investing in Bitcoin will get you quick rich.

The interest is on and off with them.

They are interested if the market is profitable but if it's too sluggish, they will just have to forget it and lose that interest they have.

And there are people that likes to see the market go down because they know that you're an investor too and what they want is to see the people they know who are investors of BTC to incur losses.

Everyone in this market sees this issue, but most traders get distracted by short-term fluctuations, making it challenging to hold for an extended period. However, there's a crucial aspect we need to establish in investing: at what profit level should we take our gains? Bitcoin is an undoubtedly valuable asset, nobody can deny that so far, but fundamentally, it's just an investment we have. And what's the ultimate purpose of investing? It's still to take profits and gain, right?
Everything we do, including investing, is ultimately to serve our lives. Don't focus too much on long-term investments and forget that we also need to enjoy life. Therefore, in my opinion, it's best to maintain a certain amount of Bitcoin in our asset portfolio, but alongside that, if you feel there's enough profit, it's advisable to cash in a bit and savor our current lives.

Bitcoin has not replaced paper money or Fiat, because globally fiat transactions still dominate, even for online transactions Bitcoin is not yet the main choice because there are still other types of online payments that are considered safer, faster and also have lower transaction costs, but we don't know for certain developments in the future, maybe Bitcoin will be the main choice but as payment for online transactions because fiat will still be the choice for offline transactions.
In my opinion, currently more people are focusing on price rather than the main purpose of making it as a means of payment, especially at this time which is predicted to soon enter a bullish period, Bitcoin will become increasingly famous but only about price because that is what is more often reported by the media unless people find out about technology and other things about Bitcoin.

What do you mean by "the future of crypto currencies is unknown"? Are you talking about bitcoin? Altcoins? Shitcoins? Because besides the last category at this point is pretty clear that the cryptocurrencies are here to stay, no more stories about the governments banning them after the ETF, all the stories about criminals using them are pointless, bitcoin is not a Ponzi. The ETFs approvals for me changed everything because the US governments and the big international funds had to kneel down in front of BTC, they couldn't fight it anymore.

Indeed, we can use Bitcoin to support our future, but before we start, of course learning about it first is mandatory. considering that many people fail due to their own mistakes and lack of knowledge about bitcoin. I think this also applies to all areas of investment, to study it first before deciding to invest. currently the price of bitcoin has started to rise but I think it is still worth investing in, in the next 10 years maybe we can feel the benefits, but what you need to know is that there is no time limit for making a profit

If we are going to believe what is happening now then you will he harder to see its potential for
Average citizen   because their Eyes are close favoring banks to store their money , but with our help mentoring
them and explaining the best thing that Bitcoin and altcoins can bring them then we will be giving much better
future for all of them.

Bitcoin is a revolution in money perception and use, not merely a trend. I've witnessed its financial transformation. Like reliving the internet's birth! Its unpredictability can be scary, but isnt that part of its attraction? The ups and downs are part of growth and resiliency.

I often advise new investors to think long-term. Bitcoin takes longer than sprint. Understanding its core financial infrastructure transformation is key. Always thought Bitcoin is to money what email was to communication - a game changer. Early adoption of any pioneering technology has hazards but potential rewards. It takes patience and intelligent decision-making.

Bitcoin's future looks good. Not just a currency, but a movement. Its decentralized philosophy is gaining popularity daily. I think it'll be a successful investment and the foundation of a fairer financial system by 2034. I advise people on the fence to jump into Bitcoin's future. Its great to join the digital money revolution!

Bitcoin will always be cheap against the USD because even though people are interested in both; one of them has limited supply, while the other (USD) doesn't. One can simply not put a future price on BTC. We are talking about long term right? Let's say 10 years. 10 years later, I am pretty sure the price of a bitcoin will be higher than what it is now and it won't be just a little bit higher. It will be much much much higher. If you are a long term investor, these prices are quite cheap. Will it really matter if you bought btc from $30k or $40k when the price hits $500k+? I don't think so.

are you asking or just giving a statement? but the views of people in my area about bitcoin are not very good because they associate bitcoin with gambling and ponzi schemes where when someone puts their money in bitcoin it means they are gambling and they will get their money back with profits when other people join bitcoin. even though it's quite funny, that's the view of most people in my area.

moreover, some time ago there was a group of criminals who were arrested by the police and most of their criminal money was laundered in bitcoin and that made the image of bitcoin even worse here. that's why it's quite difficult to educate people about bitcoin in my area because people's views on bitcoin are quite negative.

Well crypto is like Bitcoin are changing the money game. Sure, Bitcoin's trading a bit low now, but it's not a quick win like think of it as a life-changing, long-term play. Bitcoin's digital vibes are here to stay, and those who shrugged it off a decade ago wish they hadn't. Take the plunge, roll the dice, and invest in Bitcoin today.We'll all get there

Does anyone know which person/team/country/earth/universe/... determines the future of bitcoin?

The truth is that I see bitcoin differently from the rest in that value is built with trust (as of now), indeed positive/negative thoughts always exist and the future story just lets everyone adapt naturally. And the newness of Bitcoin creates volatility which is also an opportunity for us to see and take advantage of it, I'm not too sure about the short/long term but from what I have experienced it is true accept/really grateful for bitcoin.

This standpoint only comes from experienced investors and those who have stayed around investing in assets for a long period of time. I have seen too much in a short time not to agree with your point.

Bitcoin seems to be the only asset that has outpaced other assets in comparison to the time it has been around and others.

It therefore should be a lifetime consideration but its unfortunate, people who are myopic about its potentials would agree less.

Not only do they not believe, but I was still unfamiliar with Bitcoin 10 years ago.
If I knew about Bitcoin when it was first launched, I would mine it in large quantities and hoard it somewhere.
Yes, but that's a story that will never happen, even when I knew Bitcoin only bought about 5 Bitcoins and sold them during ATH 2017-2018.
It's sad enough, but it's a history that is never forgotten.

Now, people who have positive thoughts on Bitcoin really should hold it before it reaches a new ATH.
Bitcoin is a long-term investment, people should be aware of the benefits it will provide in the future.
But some people just consider Bitcoin as a useless digital currency.

Bitcoin is here to stay, and one things I admire so much about Bitcoin is it's decentralisation, which does not give any government power over it,  onlike other cash currencies that are centralised,  people really need to key into the fact that Bitcoin is here to stay and invest in it, for his or her own good, Bitcoin will make young millionaires in future, just know when to invest in it, we wait to see the value of Bitcoin in ten years time.

What I find alarming is that people only always talk about the profits that bitcoin brings , they never mention the risks or losses when investing in bitcoin .Even when they advise or give bitcoin investment advice to others, they never mention it , and I don't know if they do it on purpose or if they are so naive that they don't know about the risks when investing . 

I even think investing in bitcoin is riskier than many other investments because its volatility is so great . It can help us make big profits but it can also make us lose everything we have .

It's really confusing when people only always say good things about bitcoin as if it's completely perfect and has no downsides .

Has anyone sat down to consider why Bitcoin or cryptocurrencies is dominant in most regions than some?

In my opinion, the view of any average citizen who live in cities, and have grown accustomed to earning in fiat from regular jobs or hustle, the subject of Bitcoin as understood by them is that it is money;
It is a kind of money one can have and no one knows about it, mostly when they know that their accounts could be monitored by hackers or anyone else.
They care less for trading crypto as a means to earn profit also, because also, modern way of life would require a bank statement or credentials in order to get by, pay bills. They only see it as necessary means to purchase items or do some transactions they want no one to know about.

Besides this, unless it is allowed or regulated, no one wants to invest in a Crypto currency where all their funds might be lost in an instant without trace. This is some of the view of an average citizen about crypto currency according to my understanding.

since the existence of Bitcoin many people does not have a confidence that bitcoin Will Survive from the day one that it's been launched as a digital currency or a cryptocurrency but people that know about Bitcoin continuously welcoming bitcoin because they know the value why some of us who recently know about Bitcoin is the one finding it very difficult to understand the impacts of Bitcoin on Earth

Let me say that bitcoin is another form of currency that will be generally accepted across the nations if government legalize it as a currency because they are seeing bitcoin as a form of forms or way people use and they commit a money laundry without more stress or threats and that is why they are fighting bitcoin today but that is not the plan why bitcoin was created it is meant for easy transaction and bitcoin did not come to supersede the traditional currency that will have been using why from time

When you understand the technology and the reason why it becomes a massive adoption then you will now value Bitcoin if you don't have value bitcoin already currently people condemn the act of using Bitcoin that was then but currently there are massively embracing Bitcoin so therefore people have known the important of Bitcoin and also differentiate it from another currency

Average person doesn't know what they are or what they do, thinks its a scam/fraud/ponzi, thinks its a bubble (likely the bubble already popped so now its too late to get in), thinks bitcoin and all others are all the same, thinks bitcoin is bad cuz of energy use, thinks its main use is for criminals, thinks it "isn't backed by anything / has no intrinsic value".


This is the misinformation that Bitcoin has to slowly fight against in the coming years/decades to continue growing adoption. Gone are the days of exponential growth during bull markets because everyone is jumping in to get rich quick. And for those who still do that they are gonna buy some useless random crypto like a meme token or something, whatever happens to be the flavor of the month, rather than Bitcoin which could actually grow their wealth safely, though is no longer a get rich quick vessel.


Most of the news about Bitcoin that is spread around the internet is negative and is wrong. So for the general public, who doesn't know much or anything about Bitcoin, they little that they do "know" is going to be negative and wrong.

From my knowledge there is no day bitcoin is replacing paper money and it's not created to replace paper (fiat) neither was it created to compete with fiat. Bitcoin is created to be a supporter to fiat (https://en.wikipedia.org/wiki/Bitcoin) where fiat payment can't scale through bitcoin will solve the problem, for instance you can be at your home to transacts some billions of dollars through Bitcoin without have to go queue in bank where they would start asking some silly questions about huge amount you are sending out to people, also in bank there are always some certain amount you can send per day or months but with bitcoin you won't experience those barriers.

Bitcoin, altcoins, bankcoins, stablecoins; all get place for global economy. Some go dey use strictly as store of value, others as Inter-bank currencies, others as cross-border liquidity.

E go reach time wey all currencies go be cryptographic, and even if you hate Bitcoin, you go gots accept your pay for bankcoins or stablecoins. More than likely, most people go store their pay for their smartphone inside cryptographic wallet, with option to get insurance for your wallet if you want am.

Bitcoin and other cryptocurrencies indeed became more popular however, there is a mixed of impression towards this industry; some are positive about sits development and some are not. Basically, we cannot do anything about it 'coz you would only appreciate this blockchain if you're one of the users or if you benefit from it through profit and it just happened that they don't which is why they are more likely against its adoption. If we would look back from the past, this industry has gone far already and that is by means of just allowing things to be known by itself. Allow them to seek for that curiosity which pushed us towards this industry on our early years. Spoon-feeding them will just result to misconception if they won't have the least initiative to read things about this industry for them to know more about it.
Not even close; there is a higher chance that fiat and digital currencies will co-exist in the future as alternative modes of payment.  Bitcoin and cryptocurrency in general won't be an option to be the main currency across countries given that it is decentralized and that of restrictions from other countries, despite of its advantages over the other; it has its own flaws such as high transaction fees to name one.

You are right, and Bitcoin has not and most likely will not be able to replace fiat currencies and this will not happen due to its volatility and other reasons. Bitcoin is just an alternative that perfects the shortcomings of banks and fiat as you said especially in terms of security and transparency, and Bitcoin and fiat will coexist and will not eliminate each other.
And I think the future of Bitcoin is very bright in terms of profits if we implement the DCA strategy as early as possible and stick with it for the long term. However, to be able to replace fiat completely, in my opinion it is impossible but both can be an option for transactions.

This is evidently the case. In fact. I wouldn’t wish for a feature without fiat money where we would have all transactions to be digitalized. Not like that would be the case but, imagine a feature without fiat, what happens when there is a glitch in the network, when your device gets faulty or when you have issues with network congestion as we do now. How would we run our lives and transactions? This is the space where fiat actually fills in and that’s why, both fiat and Bitcoin as a currency becomes complimentary. They fill in for themselves and that makes it relevant.
There is no way the government would give up on centralization which is there very essence and most of all, fiat currency which is there product and the very means by which, they control its citizens.

It’s ironic that you talk about decentralization being the element you admire most about Bitcoin and yet you only see Bitcoin for the profit you can generate from investing in it.

You’re being too optimistic. Bitcoin is not replacing fiat, there is no way that is happening in the near future even if nations around the world have all gone digital. As someone who cares about decentralization, shouldn’t you be worried about a future where there is no cash and the only currencies available are digital currency controlled by the government.

One thing I want you to understand bitcoin is meant for a digital market and it is not meant to compete with the traditional currency so but when people think that why bitcoin come into existence is because it's want to take over the existence of traditional currency which has been in existence for long period of time, so that is why many people seen Bitcoin like what is good because it has its own privacy and it owns security and the investing on it you are sure of your investment based on nobody monitors it for you except to you

The traditional fiat system have got many flaws and bitcoin with the blockchain technology made people understand well about value of money and people realised that we should have control over our money. As said the system is developed as an alternate and there is no talk of replacing the traditional fiat. The purpose for which bitcoin got innovated took a different turn when people started to prioritise it as a means of investment asset than currency.

You have good expectations about the great potential of BTC in the future and that is the reality. Yes. The value of all these amazing features is captured in the value of Bitcoin and that is why many predict its price will become even more valuable in the future and for the volatility that still occurs frequently like today, I think it is very natural when it goes up and down.

Just sectoral ego. Currently, there are still many who do not really understand this great potential and I personally still consider it normal, especially if there are still some people with the views of the average citizen who are still skeptical about cryptocurrencies as they are now. However, over time I have confidence that the paradigm will change by itself.

  Bitcoin is seen differently by different people. Some still see Bitcoin as a Ponzi Scheme which they are not interesting to invest in it. And the religious people are the ones always having that thought on cryptocurrency. Op Bitcoin is not here to replace the fiat currency (paper money) but it's an alternative to it. Bitcoin can not be printed and it can only be used online. So that your already replacement phrase is wrong. And yes Bitcoin changed life but we should not see from that angle too. If you want to invest in Bitcoin you should do that for the long term . Remove profit from your mind so that you won't get disappointed. Always be focused.

The advantages of bitcoin are much greater compared to fiat and this is what reflects how someone has strong confidence in bitcoin. Volatility is indeed normal behavior in bitcoin because speculative assets will show the process much more, but this does not limit the other advantages contained in it. Also talking about volatility is what makes Bitcoin able to move up regardless of market conditions and vice versa when it goes down.

Being skeptical is normal because maybe they don't understand the process of Bitcoin's journey, but when they start learning it will be easy for someone to understand. Technology has developed so much and the internet has spread so quickly that the reason for knowledge may just be part of someone's laziness to learn it. Refusing to accept Bitcoin adoption is a form of someone's failure to protect the value of the currency they own because it talks about the depreciation of the value itself.

 

There are varying views about bitcoin. It is from good, bad to ugly. I will explain how different people see bitcoin to the best of my understanding based on my experience.

The average Government offices and officers: I am from Nigeria in West-Africa. There are diverse views in different government offices but the general sentiments towards bitcoin within the government is that it is used to perpetrate criminal activities example - fraud. The security agencies have caught many youths that have used bitcoin and crypto in committing crime. Secondly, generally, the government lack good knowledge about bitcoin or so I think and instead of

The average Business Start-up: Many business start-ups have built their tech start-ups around bitcoin. These are the folks who understand what bitcoin is all about and are using it. And many of them have started to use it one of the exchanges is Roqqu. Lately, one of those businesses was hacked and thousands of crypto currencies were stolen. Despite this, their indirect support of bitcoin is increasing.

The average Religious leader - Although most religious leaders haven't openly said anything about bitcoin, there is an indifferent view about bitcoin. For example, Zugacoin was founded by a religious leader. There are other religious leaders that have invested in bitcoin, Ethereum and other cryptocurrencies.

The Average Young Individual: As a young person, our sentiments are very positive towards bitcoin. This is why in crypto ranking Nigerians are top ten in adopting bitcoin and other cryptocurrency. It is economic freedom, from poverty and it possibilities in creating generational wealth.

Bitcoin was created with the intention of being an alternative to the traditional monetary system, but so far. I hardly see many people talking about using bitcoin as a currency anymore and instead we all consider bitcoin an asset just like gold. Therefore, I think bitcoin's purpose of replacing fiat is gone, in our eyes bitcoin is already an asset for speculation. People were happy when bitcoin ETFS was approved, meaning people have long considered it an asset rather than a fiat alternative.

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.

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.

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 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.

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.

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 ).

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.

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paradise, members of the State Council, and members of the Government shall attend and respond, and the Prime Minister or the Council of State may require members of the State Council or members of the Government to attend when they receive a request for attendance. Government officials attended and answered.

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.

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.

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.

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.

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.

 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.  

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.

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.

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.

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.

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.

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.

We can't blame them, although bitcoin has had certain achievements, it is still a highly volatile asset, susceptible to price manipulation. So, for those who prefer safety, bitcoin is clearly not their choice. If you notice, most people who invest in bitcoin are people willing to take risks, people who want to get rich with little capital, get rich quickly...As for those who have become rich, it is understandable that they have no reason to risk investing in bitcoin.

People who are rich enough don't prefer to take risks with bitcoin because the volatility could make a huge difference in their net worth. As said, bitcoin is much preferred by the common people who live with their daily earnings and by people who want to move to the next level of living. When we want to achieve something, we need to sacrifice as well as have the ability to take risks. This way, bitcoin has turned out to be a favorite of more common people than rich ones.

Compared to the past, people are much more aware of bitcoin. I've explained to people about bitcoin years ago, and none had any idea about it. Now people who don't have much knowledge about technology and smart development are also aware of cryptocurrencies, which is real progress.

The average citizen's view of cryptocurrencies is likely to vary depending on their level of knowledge and experience with the technology. For those who are familiar with cryptocurrencies, they may view them as a revolutionary technology with the potential to disrupt traditional financial systems. Others may view them as risky and volatile investments that are not worth the risk. And still others may be unaware of what cryptocurrencies are or how they work. Overall, the average citizen's view of cryptocurrencies is likely to be a mix of these perspectives, depending on their individual knowledge and experience.
One thing that is certain is that there is a growing interest in cryptocurrencies, as more people learn about them

So Bitcoin is a digital currency that has come to stay as a means of earning money and making your investment as long as internet is existing,..

Bitcoin is the new generation of money that has replaced paper money? I don't feel that until now because after all, if you look at the conditions until now bitcoin is still bitcoin as an alternative not as a substitute so I don't see that there is a change in this especially for Fiat.

Bitcoin is indeed until now they are still one of the prima donnas that is quite popular in some circles, especially with the movement of bitcoin which seems to have shot up when their covid is clearly very well known to many people in various regions now but that does not mean they have replaced paper money because in my opinion such things do not exist and may not even happen.
Although indeed in the end in the future paper money does not exist but that does not mean it is replaced by bitcoin because bitcoin exists today not as a substitute but as an option.

After all, everyone has different economic conditions and circumstances, so we cannot criticize or blame anyone if they do not invest in bitcoin. Furthermore, bitcoin is one of millions of ways to make money in the world, not the only one. Many people don't even know bitcoin and don't care what bitcoin is but they still have a better life than many bitcoin investors. They are richer than us, what right do we have to laugh or criticize them when they don't invest in bitcoin?

In addition to rich people who do not need bitcoin, there are also people whose income is not too high and they are struggling to take care of their daily lives. They don't have enough money they can afford to lose, so how can they invest in bitcoin? Bitcoin is an investment that can bring profits but can also cause us losses, there is no 100% guarantee that investing in bitcoin will not cause losses.

In my experience, they're curious enough to learn more about it especially the money making part but that's the part where I stop explaining stuff because I want them to know that it's not fun and games to learn about bitcoin and that if they get into it, they're going to be experiencing lots and lots of emotions. I also don't like talking too much about it so I introduce them the basics and tell them that it's not all good when you invest in bitcoin and that they need to do their own research if they want to go further because I don't want to be responsible for what they may come to be when they invest, so far no one's mad at me for introducing them to bitcoin.

People's needs have also changed with the change of era. The people interest in gold has gradually started to decline where Bitcoin is considered a symbol of financial freedom by the new generation due to its decentralized nature. Where earlier people would never dream of transferring money without the support of a third party, they are now seamlessly able to transfer money as they wish without any restrictions. The only contributor to this freedom is Bitcoin. Bitcoin has freed every human being from centralization. While governments around the world are trying to control Bitcoin by outlawing it, public confidence in Bitcoin is growing and people are expressing confidence that Bitcoin will form a reliable foundation globally in the future.

Bitcoin is just more than an investment.  Bitcoin is money that can but a quality money that can be invested.  Many people see bitcoin more to be invested because of it value. They prefer to spend their traditional currency instead to spend bitcoin because it is seen as waste because this same money can be invested to gain more bitcoin after sometime.  In my own view I see bitcoin just more than a money but also a type of investment .

If you want to explain the basics of Bitcoin to someone, providing basic information is sufficient. If the person is interested in Bitcoin, they will likely seek out more helpful information to better understand it. It is also important for them to learn how to properly find information on the internet. Avoid spoon-feeding others, as they need to develop their understanding and skills.

Everyone has a different view on cryptocurrencies it's good to introduce what I know about bitcoin. But if someone is not interested to know about crypto currency then it is never possible to convince him about crypto currency. Interested individuals have a lot of needs they find helpful information by researching different sites through their own experience. You have to go ahead in your own research by knowing its main points.

Money is personal and contextual. In my experience, investment tactics vary based on risk tolerance and circumstances.

Bitcoin isnt vital for wealth generation. Numerous financial growth options dont require bitcoin's funding or risk attitude. Watching bitcoin-agnostic people succeed elsewhere is intriguing. Success stories demonstrate the variety of investment and life choices.

Hence, bitcoin debates must be humble and open. With all its potential, Bitcoin is part of a financial ecosystem where different tactics satisfy different demands. Bitcoin is a great investment, but its just one approach to achieve financial security. You may learn a lot from how people handle their economic situations.

Those who want to know about Bitcoin will of course look for various kinds of information about how to collect it and how to make a profit from what they collect, because if they only listen to explanations from other people and they have no interest in having knowledge about Bitcoin, of course they will just listen what we say and will not care about what we explain.

Seeking our own knowledge about Bitcoin is very important, we will be able to learn what we know and what we don't yet get from explanations that tell us about Bitcoin, because it is impossible for people to teach us everything about Bitcoin that they know and we need to find out for ourselves. and if we encounter problems we can ask the friend who taught us.

There are so many people who don't want to work online still, and when something like digital currency comes to their notice they believe it to be completely scam, without any research, something doing better than Fiat money can't be digest for them, this is what is happening in my environment, most still don't want Bitcoin.

Those who do are on a race of making life changing money in a short period of time, that's why some are getting into scam cloud mining, which I tried to confuse them but since some are getting payouts they strongly believe in the projects, average investors mind is on a race, all the time.

I was like this when I started investing in Bitcoin, when price dumps I get panic and fear for my money, but after seeing a bull market I get to understand that this whole Bitcoin investment is like seasonal money making idea, it's for the patience investors and it always serves them right.

It depends on your convincing abilities, however, there is no point in spending time with people trying to convince them about Bitcoin or cryptocurrencies if they don't have any interest in them. It is not our responsibility to educate every single person about Bitcoin or cryptocurrencies and make them realize that it's a good technology and innovation and that it can be beneficial for them if they adopt it on time and invest money when the price is low.
Those who have some interest will try and learn everything themselves without requiring someone else to spoonfeed them every single point and make them learn what Bitcoin and cryptocurrencies are, how they work, how they are stored, etc.

One of the sentences we should tell people who ask us about Bitcoin is "Checking the all-time lows." We always focus on the top and sometimes we can run out of words to say. What you say may help look at Bitcoin from a different perspective.

One of the things needed to explain Bitcoin to those around us is how curious they are. If they are truly curious, they can understand and analyze Bitcoin better when we explain it to them. What they do next is entirely up to them.

Something that is quite surprising if anyone thinks this is something new unless they don't know bitcoin and how to run it. Bitcoin has achieved worldwide adoption where many people consider it to be one of the best investment assets and its power is much stronger when used as a long-term investment. Bitcoin changes many things for people because the financial freedom we get is much more independent and does not need to involve other people, the power of Bitcoin has shown big changes especially for those involved in it.

There is nothing to worry about the journey of bitcoin because as time goes by people will realize many things about its advantages. Now that we have seen how many people have taken this approach to bitcoin and it is growing, this is showing a positive side as we are starting to realize that bitcoin can provide a sense of security storing value in the long term.

I just want to correct you on something else. You said that if you mentioned that cryptocurrency is a new generation of money that is already replacing paper currency, When you say this, we are not yet at the stage where cryptocurrency has replaced paper money, so don't be fooled by what you say.

Maybe it can be said that cryptocurrency in our generation today is one of those that gives people opportunities that can be used to make money. But not to the point that paper currency has been replaced; there is no news yet that crypto has replaced paper or fiat currency.

Do you mean people actually prioritize searching for ways to make money over learning how the technology functions? Rather than diving straight into information on how to make money, it is more appropriate for them to comprehend the risks involved. The more they understand the risks, the better equipped they are to make informed decisions.

Bitcoin is a successful Currency and no one can deny this fact but it cannot replace fiat currency because in our daily uses we use fiat currency more than a bitcoin. Well bitcoin is a currency but more than as a currency it used as investment tools for increasing money so I think people will rarely use it as a currency.

If we talk about the success of bitcoin then yes bitcoin was not such a successful Currency in past but now people know about its success and everyone wishes to put some money into it. As people are now regret to miss the chance of investment in Bitcoin when the price was low at start then I think they will also regret in future if they miss out this current opportunity of investment because in coming years we will not see the lower price that was in previous years.

People who heard about Bitcoin 10 years ago and experienced using Bitcoin now not only regret Bitcoin but seriously regret it. The only regret we have from our side is that if we had known about Bitcoin earlier, it might have been better for us. If there is so much regret left among us then how much regret is accumulated among those who learned about Bitcoin 10 years ago. But we may not think anything from the position that Bitcoin is in now, but in 10 years from now we will regret Bitcoin.

Learning how to make money and how technology works and understanding the risks that can arise through this way of making money I think can be done by everyone at the same time. Because in one full day someone can see how to produce and the risks that arise from these methods and that person can also use time on the same day to see how any technology works with full focus on these three things. Because for someone who has full focus in studying anything, I think it won't take long to understand all three while learning something.

Average citizens do not actually see bitcoin as a long term and life changing investment, but more of a short term lived and after that, it will suddenly vanish and replace with something new in the market. I knew it because that was also my perspective about bitcoin when I still didn’t know it this much. But eventually, when you happen to witness and study the history of bitcoin, and how its price moves amazingly, your whole perspective will change and most likely don’t want to miss any opportunity related to bitcoin.

However, even if bitcoin becomes the trend in the internet these days, it’s still a safe idea to make your own research about it. Don’t be carried away by the different stories of the people that have engaged with bitcoin, some might be overrated that one may start doubting it if it’s actually real or not. Have your own research and discover on your own the reality about bitcoin. You can never testify about bitcoin until you start to experience and get engaged with bitcoin.

Unfortunately they'll witness how great Bitcoin will become and they won't be part of the beneficiaries of Bitcoin profits. Anybody having the thought of Bitcoin being a short term investment assets won't benefit fully from Bitcoin. You get more benefits when you're a hodler. The average person still thinks Bitcoin is a scam and online scammers are those making use of it. The government aren't helping as they're contributing to the negative publicity that Bitcoin is getting but everything is temporary as the true nature of Bitcoin will come out to the public eventually.


Carrying out your personal investigation before investing into any assets is vital, when Bitcoin stories get overrated with too good to be true stories, there's always an agenda behind such stories and in most cases, the story teller is trying to sell his altcoins or other projects that he's involved in. People have made unbelievable gains from investing in Bitcoin but don't believe everything you read on the web as the web is full of lies and lasting what the average man thinks about Bitcoin can always change as they get to understand Bitcoin more better.

People's mindset about crypto should have changed so far and they are starting to realize that bitcoin is a good investment asset to hold in the long term. There are many influencers who tell them on social media, it makes the public more educated because of it. Of course the public still needs to understand and learn for themselves about the justification, but as far as I can see, they already know bitcoin is an asset that can provide long-term returns based on its history and value volatility.

Bitcoin is not a legal currency in many countries, including Indonesia. So the average Indonesian citizen only uses bitcoin as an investment and trading asset instead of currency. The law prohibits us from using bitcoin as a legal currency, but the government legalizes and regulates us to trade and invest. This can change people's paradigm towards bitcoin so that they know what the use of bitcoin is in the long term.

Many people consider cryptocurrencies to be a fraudulent investment tool, while some see it as an investment that can yield quick profits by merely investing. In our country, news programs only cover cryptocurrency when someone falls victim to a scam involving it. In contrast, in other countries, developments such as the acceptance of Bitcoin as payment by a business or area are seen as positive news that deserves coverage.

Average people never see bitcoin as a gem or long term asset, but most likely like a passing trend that will lost its way when a better one is coming. And they don’t believe that the future is in bitcoin, since bitcoin is just a digital currency that will not even over power fiat currency and the traditional investments. They’re happy with bitcoin, but they’ll never be sad and affected when bitcoin is gone. That’s make them different from us as we might go broke and completely upset if one day bitcoin will be gone.

Being a currency and wish to have put some money in it are two very different concepts. Until now I would say that bitcoin worked extremely well as investment, and the growth of value helped a lot to get more interest from people; regarding the currency part we are still quite far from any kind of mass adoption, we can't deny that, we still have a long path in front of us.

As the price goes up... more people will notice, driving more people in. After a couple more halvings, we might see some sort of black hole effect

Perhaps because they operate in a more uncontrolled atmosphere than traditional financial markets, maybe that is why some people view cryptocurrencies as fraudulent investment tool. I believe that in particular places, the lack of complete oversight can give rise to fraudulent schemes. Another factor is that the bitcoin market is notoriously volatile, as we are all aware. As a result, there can be large and sudden fluctuations in cryptocurrency prices. This can lead some people to think that the market is rigged, which could make investing riskier for them.
 
However, due to the huge price increase that bitcoin has had since it was introduced, some people may view it as a chance to make quick money through investment. I believe that the hype surrounding cryptocurrencies in the media can sway public opinion and draw in more investors looking for easy money. Specifically, individuals who share their success stories can mislead the general public into believing that investing in cryptocurrencies will result in large, rapid profits, which is untrue because patience and waiting for the right opportunity are prerequisites for making a profit.

Learning while making money in crypto doesn't always work in the same way for everyone. There are two main ways to learn crypto, by studying and through experience. Some people may not grasp a concept fully, even if they spend a lot of time studying cryptocurrency. Reading and doing research alone may not be enough to give them the same level of understanding as crypto enthusiasts who have been involved in the field for years. To understand what crypto is, newbies need to experience it for themselves. This can take time, but it is an important step in building a strong foundation of knowledge.

You just expressed precisely what I was thinking. Although it's simple to get swept up in the excitement around Bitcoin's price explosion, it's important to maintain balance and take into consideration the all-time lows as well. I completely agree with your analysis of the views of average individuals toward Bitcoin. It appears that most people are more interested in quick profits than in long-term investments. They overlook the fact that Bitcoin isn't like any other token you may invest in today and start making profit on the following year. Long-term Hodling of Bitcoin is required to realize its full potential.

I have relatively similar thought on average citizen as either they consider Bitcoin as a scam or something which can make them rich as there are lot of people who invest in Bitcoin through third parties or through agents without even knowing about its functionality and these users have been interest in Bitcoin for profit who got to now after Bitcoin during bullrun rally. They don't care about what goes around with Bitcoin as long as they don't lose their money and continue earning profit. It's just like any other investment asset or digital payment method for them.

Many people make the mistake of entrusting their investments to others. They believe that by simply investing their money, they can sit back and wait for their investment to generate returns and earn interest, similar to HYIP. They do not take the time to educate themselves about the process of investing in Bitcoin and instead rely on others to invest on their behalf, which can be problematic.

If we should start considering people's view about crypto or bitcoin then we will hear different opinions and sometimes those opinions are not valid so it's best to focus on how they can adopt and know more about bitcoin.
Some might tag such investment as a get rich scheme, scam scheme due to past experience dealing with the internet, most people tag the internet as something that's related to scammers but this is not actually right, people like this have refused to grow their mindset that's why we still hear stories and lament about scammers. Bitcoin has come to stay and with the adoption increase it shows people have accepted the fact that bitcoin investment can be use to store wealth for future purpose.

That is exactly how people think about Bitcoin in my city some believe it's more like a Ponzi scheme due to it price fluctuation, some set of people never believe in any form of online or digital currency they classified it as fraud probably it's due to their lack of exposure and not knowledgeable about digital currency unfortunately some would never succumb to pressure in accepting it, they only believe in fiat thus deals with bank directly this is common among the elderly individuals, however some set of enlightened young individuals mostly youths and highly educated ones believe in crypto currencies and infact invested in it, though I believe with time there is going to be gradual adoption of crypto currencies.

In my country, people are still not interested in Bitcoin and cryptocurrency because they prefer a more conventional type of investment. A few per cent of people invested in Bitcoin. Waqar Zaka, A crypto influencer, influenced many people to invest in Bitcoin. At the government level, our state bank warned banks and investors not to indulge in any crypto-related activity because of market fluctuation and the risk of fraudulent projects.

Your question is what the view of an average citizen is regarding crypto currency. Though you digress from your question, the fact remains that the view of citizens regarding crypto currency depends on the country. For some country I can tell you categorically that they haven't even heard of cryptocurrency and its a novel idea to them, so I will say, it is relative. It depends on the country.

If there are few educated people in the society then it is very difficult to discuss or describe bitcoin in that society. People in the rural environment where I live are not that educated. I couldn't get them to understand Bitcoin in any way. On the other hand, while explaining about Bitcoin among some of our citizens, they explained to me that it is like gambling.

With all due respect, we also need to take in consideration the average level of knowledge of the people we are talking about because the same situation could be very different depending on the country: you can still live in a rural environment but if you are used to take advantage of new technologies for your work, even if you're a farmer for example, there is a good chance that you can understand what bitcoin is. On the other hand, if you are used to do things like your father and your grandfather did, meaning that you don't really care about new things, then you won't get it.

I think it doesn't only depend on the country, but more depends on the environment around you because everyone can still use Bitcoin for investment or to trade on certain exchanges even though the country itself has not made a statement about wanting to fully support Bitcoin. So even though it is not supported by the state, every citizen can still buy Bitcoin without having to tell everyone in their own country so the view about Bitcoin actually depends more on each individual themselves in terms of understanding it.

How can they say Bitcoin is like gambling if they themselves are not familiar with Bitcoin and do not have standard education to understand how the Bitcoin system and the financial system that has been formed at this time. So it would be very strange if they judged it like that as long as they still don't know about Bitcoin and if in your area there are still more people like that, I think you need to implement the option not to tell about Bitcoin directly to every resident there.

So that you don't waste more time arguing with them, but on the one hand you have to influence them to read more news that can direct them into Bitcoin. So that they can have the intention to find out for themselves about Bitcoin and other cryptocurrencies after feeling curious about what they have read on the internet or in other media.

Yes, it true that people who are novice to Bitcoin are likely to call it all sort of names, such as gambling, Ponzi scheme and many others e.t.c, but does that change it from being Bitcoin? The answer is "NO". Hence, it is our duty as lovers and enthusiast of Bitcoin to correct people when they seems to fall out of track for what Bitcoin stands for, to help educate them that Bitcoin remains the number digital currency and the best medium for long term investment in this 21st century, because each individual will always have diverse view regarding what Bitcoin stands for, base on their level of exposure, which is always normal in every geographical location.

But on the contrary, the average view of  citizen about crypto currencies is that it is a get rich quick investment asset.

It does not only happen in my country or your country, but it does happen in every land around the world. There are still individuals who do not believe that digital currency is a legitimate form of currency in today's world. They argue that since it is not a tangible asset, it will likely burst like a bubble or vanish into thin air at any moment.

   I think that we are in that phase where a lot of people know about bitcoin and other cryptos but still the percentage of people involved that buy crypto through exchanges like Binance, Primexbt, Kraken etc.. is still relatively tiny when you look the big picture. The internet. The only way you’d be exposed to it and have an idea about it would be to be able to go online. A basic understanding of computers and money. What would you need to access the internet? A smartphone, at the very least. 1 fifth of the world does NOT own a smartphone. This rules out over 1.5 billion people. And only 59.5% of the world population uses the internet — meaning, almost half of the people who DO have access (smartphones let’s say) don’t even use the internet. So for the majority of the world to KNOW about crypto, that would require over 80% of internet users to know about it.
   The majority don’t know what they are doing and are simply looking for the “moon” token. They want to make a lot of money overnight. They all end up being the short term losers. Most of these people don’t know more about Bitcoins and altcoins than what they have read about in the media. Why it was introduced in the first place and how blockchains work is neglected. The difference between having heard of it and actually understanding it is so big that misinformation has become common.

I completely agree; it is really hard to predict what the future of cryptocurrencies will hold! Because of its volatility, it is difficult to predict its long-term trajectory, and different experts have different predictions for it. Supporters of bitcoin certainly are optimistic about its future, and they frequently cite previous dips as proof that it will keep rising.

That is for sure a thing if we are going to see an all-time high there are for sure a lot of room for profit, investing and accumulating Bitcoin while the market price is still low is the best strategy for sure, If we are going for a long term investment Dollar-cost averaging is a going strategy, I mean it wouldn't really matter that much as long as we are going to sell at the top or even higher than the all-time high you going to make a good profit anyway.

I guess people already knew about the all-time high thing before even they started investing in Bitcoin they for sure made a few things and research about Bitcoin investment, but the thing is they just can't wait and hold to make a profit, they doesnt know when is the right time that they can expect to make a profit, most of the time they are just thinking about how to make a profit easily, I mean that would make sense since it would probably take years for a Bullrun if they started cryptocurrency at a Bullrun where cryptocurrency just skyrocket most of the time they could easily think that cryptocurrency is just easy money without even realizing how risky it is.

Average citizens do not dwell much on cryptocurrency or most likely bitcoin knowing it’s still not completely accepted by the government, which means it’s under observation by the government itself. And regardless if the price of bitcoin will surge high or resort into an instant decline, that will not leave an impact to these average citizens because at the end of the day, all they think is that bitcoin is nothing but a big scam.

However, not all average citizens have that mindset. There are also few who are open to bitcoin success in the future. But since these citizens are still following what the government commands them, it’s still hard for them to submit theirselves into bitcoin.

Yeah, you are correct. Your immediate environment and your circle of friends have a lot of influence on you. Like you said, though your country may not even openly support Bitcoin, but your circle can influence you to invest in it. I am a testament to that. My friend actually first introduced me into cryptocurrency and Bitcoin, I have never heard of it before, until he started educating me about it, and eventually I started to learn and put what I have learnt into practice.

This writing above doesn't sit well with me as this is imposing how exactly we should use Bitcoin..when in fact BTC is a multipurpose asset that isn't restricted to one use only!!!
As far as I know, BTC use depends on its user and not a one size fits all kind of use , think of it as gold 2.0. With gold, the contempt behind having it is usually for long-term investment purposes which is the traditional way of handling it but with the coming of Bitcoin aka digital gold, we surely can't go the same path...if you want to treat it as gold you are welcome go ahead and do so, and if you want to treat it as a daily currency as a medium of exchange then you are also welcome to do so without any restrictions!

Bitcoin is here to stay for sure, but an average citizen will be put off by price as they have the misconception that to own Bitcoin one needs to buy a whole bitcoin which is far from the truth. If we want more users to jump on board then more work needs to go into this to remove such barriers and to disseminate the right information to eliminate all kinds of FUD.
Otherwise in the the digital age we live in, you can not afford to miss out on this crypto revolution which comes with numerous advantages.

Many people still never see the value of Bitcoin and many we're still confused about the purpose of this technology. There is a strong misconception about Bitcoin which is why adaption takes so long to complete. We've been in 12 years of its existence and people heard about this but are not interested in it because of wrong information and scams spread that affect their views. Having this sentiment makes us think that even 10 years from now, many we're still never appreciate Bitcoin and ignore the potential use of this technology.

A friend of mine knows I'm in Bitcoin and she knows nothing about investing, has nothing invested, but she said she put one dollar into bitcoin at some point recently I guess and she recently saw it's at like $1.63 or something. We briefly talked about investing and I said they (her and her husband) should start investing their money. Her husband is a doctor and so makes a ton of money but with several kids and buying a nice house they are I guess just recently getting to the point where they are starting to have a excess cash that could be invested.

In talking about it she was confused when I said Bitcoin isn't a stock. She also said I should use my Bitcoin to buy a house as an investment and I said as an investment it would be an awful decision to buy a house instead of just keeping the bitcoin, she again was confused, thinking there is no way bitcoin will increase in value faster than a house.

She's very smart, but clearly knows absolutely nothing about investing.

I'd say such a conversation could be representative of the amount of knowledge the average person has about bitcoin. They think its a stock investment but somehow a new kind of stock I guess, but they also think something more traditional like a house is a stronger investment. Most people don't have a financial education. I know I had zero financial education until the past 10 years as I've gradually learned more and more thanks to being into Bitcoin. And thanks to the ton of negative misinformation out there about Bitcoin, when people do THINK they know stuff about it they are usually wrong: its a scam, its destroying the environment, its a ponzi, its fake money, its only for criminals, people only lose money on it, govt will ban it, etc.

And those that value BTC in the past to take a good step to embraced it are doing well in their various places and, it will make them to remain in the decentralized currency to open other people eyes to know that there is a great future ahead of those that will continue investing or hodling it for future purpose.

 Many people thought that BTC will not reach 1 year before it will disappear from the market that made many not to show interest on BTC but BTC has reached 12 years to display the highest price people have never experience before from BTC since it came to exist in the market.

For those that have invested in bitcoin earlier or have known most about it several years before now, they can tell more about the vast opportunity in bitcoin investment when invested for the long term. The new birds that are coming into the cryptocurrency space should be aware of that and view bitcoin as a long term investment that can make them rich when patience is applied to it. Bitcoin is very high in volatility and its recent surge and volatile nature it has been experiencing is a sign of how rewarding it can be to the short traders by trading it while undergoing this constant volatility this days.


From the time when bitcoin was invented to what it has come to be today, the number of people that don't believe in it it are now few compared to what it was several years ago. Those that still find it hard to believe are people not willing to take the little risk to make it big in bitcoin but are after some of their selfish interest that will stop bitcoin from being a legal tender to be used globally portraying it as a risk investment.

Some people are wrong in receiving information about Bitcoin, of course it will be very difficult for them to believe that by collecting Bitcoin they will be able to gain profits for those who hold it for a long period of time and for those who are convinced of Bitcoin will certainly try to be able to take advantage of the opportunity. collect Bitcoin as an investment for their future, I think to avoid misunderstandings in understanding Bitcoin it would be better for those who want to learn about Bitcoin not to just look at the media reports and it would be better for them to meet someone who understands it well so they can ask questions. that they don't understand and this will be easier than just looking at the news which could give us wrong information.

Bitcoin is essentially for the majority but not everyone would find it necessary, most people do not invest due to benefits of doubt on how the system operates, not being controlled by anyone with thought of if Bitcoin might just vanish and seize to exist unlike other physical currencies whose authencity is controlled by the government. Funny how they do not understand the sole reason of Bitcoin as a currency, what distinguishes it from others is the level of decentralization, free from the coarse and manipulation from the government.

  One thing you should know mate is that people have different apprehension skill, some are better off on their own, while some prefer to be tutor for guidance, either way as long as you are doing the right thing you are on the right track. It is important one gather all the information necessary before one begins his bitcoin journey. Another thing people fail to understand is that, they market will still be here no matter how long you take studying. Irrespective of how much bitcoin price is,  as a well informed crypto investor you will always find a way of infiltrating the market. After all people still make money in the bear market. I think that we are in that phase where a lot of people know about bitcoin and other cryptos but still the percentage of people involved that buy crypto through exchanges like Binance, Primexbt, Kraken etc.. is still relatively tiny when you look the big picture.
  In a world where so many of our transactions are online, and our savings and credit rating are at stake at all times, anything that provides increased transactional security is a plus. And there is currently no transaction mechanism that is currently more safe and secure than those that use cryptocurrency. Crypto investments don't require large sums, and it's crucial to prioritize financial responsibility and risk management. Starting small and gradually increasing your investment as you become more confident and informed is a smart approach. The important thing is to enter the crypto market with a well-thought-out strategy and an understanding of the risks involved.

As an ordinary citizen I consider Bitcoin to be essentially a significant means of investment. However, due to the amount of popularity that Bitcoin is gaining in the world and the amount of popularity that it will gain in the future, due to the limited supply of Bitcoin, one day the standard of wealth of people all over the world will be imagined only through Bitcoin. The more bitcoins a person has, the richer they are.

This is what often happens among the public, lack of information about Bitcoin and continuing to have opinions about Bitcoin, so that sometimes and even makes Bitcoin look scary with the risk of losing it,
However, if we are invest in the right coin, the risk of losing is very small, even if that happens, Bitcoin is already dead from its center

A basic awareness of Bitcoin exists, fueled by media portrayals.  Imagine headlines screaming about its volatility – "Highly Profitable!" one day and "Dangerous Investment!" the next.  This creates confusion and discourages deeper exploration.

The lack of knowledge and the unwillingness to venture outside their comfort zone are crucial points.  Imagine someone hesitant to invest due to a lack of understanding about cryptocurrency fundamentals, trading platforms, and security measures.  Learning about a new financial system can be intimidating.

The choice to stay uninvolved is a valid one, but it's important to consider the potential benefits and drawbacks.  Imagine missing out on a potentially lucrative investment opportunity while also avoiding the inherent risks associated with a volatile market.

Bitcoin is something of an enigma to the common people and those who have no exposure to it. But we as a community can help people understand and demystify this enigma to a simpler form without going too much into technical details. That can increase the acceptance and use of crypto but a big impact would be the government's stance on crypto because people fear legal troubles when investing their hard earned money.

There are people who are staying away from crypto but the reason for same needs to be clarified first and then we can tackle those points better.

I don't think so and I believe that you know already that the future of Bitcoin still uncertain. If that you say is true, you already assume that people are not investing in the stock market, bonds, real estate, etc but only for Bitcoin only? And also you mean that people are not using fiat money but only Bitcoin? And also you think that people showing the amount of their Bitcoin investment to the public? I'm sure they won't, so I disagree because they prefer to keep anonymous rather than showing their name in public. And I was certain that people, including average people will not just rely in crypto as their means of sources of income.