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lionheart89
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July 18, 2017, 02:43:58 AM
 #1

What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh
Because as we know that currently not many people know about btc or altcoin.

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July 18, 2017, 04:41:45 AM
 #2

What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh
Because as we know that currently not many people know about btc or altcoin.
Nothing, the important part is what people do when they get to know that information if they decide to not adopt it then things continue as usual, if they have a negative reaction then a ban may follow, and if the reaction is favorable then the price will go up a lot.

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July 18, 2017, 04:46:48 AM
 #3

if a lot of people started to know more about bitcoins and or other altcoins., so it will increase demand for such coins and if the supply is limited e.g. case of bitcoin then the price will be increased a lot., and if the supply is unlimited e.g. stellar coin , then not much difference.,

but i may be wrong., about altcoin , but it surely will increase bitcoin price.

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July 18, 2017, 06:06:34 AM
 #4

Bitcoin will go to the Moon! Currently not a lot of people know about Bitcoin or what they have heard was negative. If we can spread the word about this technology and dismiss all the negativity, we will see Bitcoin prices reach levels like $10 000 to $1 000 000 per bitcoin.

Bitcoin has only been around since 2009 and for emerging technologies that is still infancy and early days.  ^smile^

Keep telling people about Bitcoin and correct the FUD that are being spread by the media and the shills. There are a lot of people being paid to bring Bitcoin down and we have to counter these attacks.

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July 18, 2017, 08:00:31 AM
 #5

What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh
Because as we know that currently not many people know about btc or altcoin.

knowing is not enough. the cryptocurrency in question needs to be useful to be adopted and be able to keep its price up.
for bitcoin we saw that the news about Japan spread through the media a lot and that has increased awareness and led to a big price rise which it kept the price up because bitcoin is useful and it has lots of usages as currency.

but the same thing happened for altcoins, the news or rather say fake news for them hit the media the same way. ethereum for example has been advertising nonstop but you can see it only formed a bubble which then popped because you can keep the price of something up based on pure speculation and no usage.

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July 18, 2017, 08:18:32 AM
 #6

What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh
Because as we know that currently not many people know about btc or altcoin.

I think that everything would remain the same and nothing much would change. Only the popularity would be increased and that nothing else was to really change.
Bitcoin is still in its 'development phase' and will still take plenty of time before it is converted from an asset, an investment, to a fully operational cryptocurrency that is widely accepted all over the world and has the capacity to replace current currencies such as the USD and EURO. This will still take some time, but we are getting there....

Also, we need to let others know more about the use and benefits that come with cryptocurrencies as there has been a lot of media scrutiny surrounding bitcoin in the past few years. Most of these campaigns are fueled by banks and large financial services that do not want to get involved with the decentralised nature that bitcoin offers. If we are to gain a lot of popularity, I certainly think this is one of the ways to get started.
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July 18, 2017, 08:49:25 AM
 #7

If lot of people knowing about bitcoin and altcoins there is definitely big demand for the coins where oldest existing coins will gain popularity because newbies always looking for longest and safest investment.

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July 18, 2017, 08:55:25 AM
 #8

When something goes beyond limits, it might get a increased value or else the value might gets a sustained limit within which the price moves forward and backward. In terms of growth more countries might have legalised the bitcoin as well other digital currency. However developments happen digital currency won't go mainstream.

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July 18, 2017, 08:58:56 AM
 #9

What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh
Because as we know that currently not many people know about btc or altcoin.

If that happens, that will be good and bad at the same time for crypto currency market. If more people knows about bitcoin and start investing in it, the market cap of bitcoin or any other altcoin will be increased and the price of that coin will be increased. So people associated with trading and investing of crypto currency world will be benefited.

On the other hand, the governments may step in to reduce the money laundering possibilities associated with crypto currencies by declaring it illegal. There are many countries where the legal status of bitcoin is not clear and hence people are freely using it. But if a government wants to curb the usage of crypto currencies in their country. It will hamper the growth of crypto currencies big time. So if the right people known about bitcoin it's ok, but if the governments know about it more, that may be a disaster for their countrymen.

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July 18, 2017, 09:00:55 AM
 #10

What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh
Because as we know that currently not many people know about btc or altcoin.

The price should rise for sure, since the more people who are interested the more media attention Bitcoin will get, the more investors Bitcoin will have, and since everyone wants Bitcoin, and the demand is going up, while the demand is relatively the same, then Bitcoin will rise.  I would probably expect a bunch of new alt coins being made and also government regulations and taxes being put in for crypto currencies. Generally, more people knowing about Bitcoin should be a good thing, but that will never happen since it is unlikely for crypto currencies to go mainstream.


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July 18, 2017, 09:01:58 AM
 #11

What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh
Because as we know that currently not many people know about btc or altcoin.
Knowing could be in 2 different categories. Knowing and doing something with what you know or knowing and not doing anything with what you know. Before we can start getting to the stage where we start having huge global adoption, I think a lot must have been in place already and I still see the phase we are as the testing phase. A lot of reviews will still be done by devs and gradually we will get to a full point of no return and one thing that I am sure of is that, most of us that totally believe and know now, will be smiling hugely then! That is what will happen!!


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July 18, 2017, 09:11:06 AM
 #12

What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh
Because as we know that currently not many people know about btc or altcoin.

Its really going to be a cool thing but its not enough to know about all this but be active in it because as at now, alot of people know about bitocin but not a lot are even taking the bold step in getting involved. Eventually when that happens, then we get to see a high level of stability where the volatility will be reduced to a great level compared to what we are seeing now as the only time we see a major shift will when a major even happens aside that all changes will be marginal.

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July 18, 2017, 09:23:14 AM
 #13

Crypto currencies do not have total control so I think that the problem with volatility will always be. In Fiat we don't see because they are run by banks. The stability of Fiat currency will not save them from inflation, but with crypto currencies we do not see.

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July 18, 2017, 09:35:58 AM
 #14

What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh
Because as we know that currently not many people know about btc or altcoin.

The price should rise for sure, since the more people who are interested the more media attention Bitcoin will get, the more investors Bitcoin will have, and since everyone wants Bitcoin, and the demand is going up, while the demand is relatively the same, then Bitcoin will rise.  I would probably expect a bunch of new alt coins being made and also government regulations and taxes being put in for crypto currencies. Generally, more people knowing about Bitcoin should be a good thing, but that will never happen since it is unlikely for crypto currencies to go mainstream.

Definitely the price of bitcoin will surely rise exponentially if a lot of people, meaning globally will adopt btc and altcoin as well. But the thing is, if they don't used or transact bitcoin then I guess it will not contribute as much to the price if I'm not mistaken. Look at Japan, they have adopted it so it means that they should used it just like regular fiat. We did see a dramatic increase in price once Japan has done that because then the demand has increase X folds causing the price to touch $2000++ easily in just a matter of months.

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July 18, 2017, 09:46:02 AM
 #15

If everyone or if the number of people who have knowledge or have some idea what cryptocurrency is was bigger than it is now then obviously the very first thing that would happen is more and more services and goods were available for buying with bitcoin. And the price of bitcoin would be much more higher than it is now. Another thing which one would see is that there would be huge number of altcoins there as every other business would have introduced their own altcoins.

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July 18, 2017, 10:04:22 AM
 #16

What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh
Because as we know that currently not many people know about btc or altcoin.

Up, up, up we go. If the entire world knew about bitcoin there is no doubt that bitcoin will reach at least 5k, unless the way they found out about bitcoin was really dodgy and they had a bad view of bitcoin. Even altcoins wll be going through the moon and there will be heaps of new companies that try to profit off this like companies that make altcoins or trading exchanges. Probably something else we will see are super slow confirmation times due to a congested blockchain.


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July 18, 2017, 10:12:44 AM
 #17

What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh
Because as we know that currently not many people know about btc or altcoin.
If people on the entire world would able to know bitcoin and other altcoins then expect for growth or adoption which means the more the demand the more the value it has. Prices would really increase since people will surely use this one but this thing is somehow impossible to happen or might take long time because knowing that cryptocurrencies are decentralized which means it cant be controlled and government doesn't really like that thing.



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July 18, 2017, 10:35:08 AM
 #18

What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh
Because as we know that currently not many people know about btc or altcoin.

This is such a vague question, you have loosely worded it and there could be multiple answers from different people, so my answer is if that would be the case that would be be good and it would help the Bitcoin community on a whole. It would lead more and more people to buy it and make it even more active, this in case help it reach new lands and make it far more useful.

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July 18, 2017, 12:30:05 PM
 #19

nothing happens actually it will still depend on people's decision. Perhaps, somehow people will not join or adopt cryptcurrency it's because they think this is SCAM. With the advent of blockchain and cryptocurrencies being as new and revolutionary as it is, predicting the five-year projected value of each of the currencies and requires numerous factors to be considered. Smiley
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July 18, 2017, 07:29:35 PM
 #20

What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh
Because as we know that currently not many people know about btc or altcoin.

People knowing about digital assets is one thing. It's whether or not they decide to become market participants that will make the difference.

Higher levels of participation is always a healthy thing - in any market.

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