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Author Topic: Most people dont even know what this is yet.  (Read 13057 times)
exstasie
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August 24, 2017, 01:42:24 AM
 #161

I called around some stores to see if they accept BTC, no one has even heard of it except like 0.1% of people.  Wait till people actually find out this exists...
Because it is not yet legal to most of the countries. And the legalization will be the way for the retailers to recognize what Bitcoin is. Or if it will be demanded by their customers.

It's not about that. With grey markets, there are always entrepreneurs who are willing to test the law in order to gain the first mover advantage. We've seen that in the cryptocurrency markets to a large extent. There are bitcoin/crypto services that offer service to all countries.

At this point, it's still a matter of gaining mainstream confidence. For years, governments and central banks have been discouraging people from investing in cryptocurrencies like Bitcoin. Only recently are we starting to see mainstream acceptance. And that's what the average joe wants to see -- mainstream acceptance.

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August 24, 2017, 06:52:02 AM
 #162

I called around some stores to see if they accept BTC, no one has even heard of it except like 0.1% of people.  Wait till people actually find out this exists...
This really means that there are lot of people that have not yet about bitcoin maybe there are times that they only heard it but they didn't hesitate to ask what it is. They just ignored bitcoin as well as ignoring the opportunities to earn bitcoin for their future. I'm glad that I was one of early people that already know about bitcoin and bitcoiner's that already earn some bitcoins, it's like a blessing for me.
People will hardly accept accept bitcoin in local stores, so what you have to do is use your Bitcoin debit card, if you have one. The only stores that can easily accept bitcoin is online stores, but if you go around expecting local stores to do that, then you’re wasting time.


 
 
 
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August 24, 2017, 07:16:36 AM
 #163

I called around some stores to see if they accept BTC, no one has even heard of it except like 0.1% of people.  Wait till people actually find out this exists...
This really means that there are lot of people that have not yet about bitcoin maybe there are times that they only heard it but they didn't hesitate to ask what it is. They just ignored bitcoin as well as ignoring the opportunities to earn bitcoin for their future. I'm glad that I was one of early people that already know about bitcoin and bitcoiner's that already earn some bitcoins, it's like a blessing for me.
People will hardly accept accept bitcoin in local stores, so what you have to do is use your Bitcoin debit card, if you have one. The only stores that can easily accept bitcoin is online stores, but if you go around expecting local stores to do that, then you’re wasting time.
I do agree with you. RIght now, there are not many stores that accept bitcoin and finding these kinds of store will waste your time. And I do not think that bitcoin debit card can do that. I usually cash out my bitcoin whenever I want to buy something. It is very fast since I know reliable seller

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August 25, 2017, 10:26:35 AM
 #164

Bitcoin around the world, that's right. Bitcoin in the community, I do not think so. Actually there are still many people who do not know and understand using bitcoin. As for the store or restouran way of payment using bitcoin only in certain cities, and even not much. For me personally hope bitcoin can be more popular again, and there will be many stores that way of payment using bitcoin, because it will facilitate payment of bitcoin users.
Every new innovation needs time to be accepted widely by people. Bitcoins have best technology so far and are successful in attracting big traders and markets. With time, their popularity will increase pushing their common use. We just need to be little patient to witness all this.

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August 25, 2017, 10:56:20 AM
 #165

Bitcoin around the world, that's right. Bitcoin in the community, I do not think so. Actually there are still many people who do not know and understand using bitcoin. As for the store or restouran way of payment using bitcoin only in certain cities, and even not much. For me personally hope bitcoin can be more popular again, and there will be many stores that way of payment using bitcoin, because it will facilitate payment of bitcoin users.
Every new innovation needs time to be accepted widely by people. Bitcoins have best technology so far and are successful in attracting big traders and markets. With time, their popularity will increase pushing their common use. We just need to be little patient to witness all this.
Sooner it will be a trend,it just needs some adoption by the big companies like malls, restaurants . Once it implemented ,people will get curious and might try it. So for now let's do our best to have more of it until it will be too hard to have some for it will be too expensive .

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August 25, 2017, 01:20:39 PM
 #166

This is one of the reasons why investing in bitcoin is not yet too late. Just imagine when it is in the peak of its popularity and then many people will buy bitcoin and its price will go high. We are very lucky to know about bitcoin today.

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August 25, 2017, 01:49:33 PM
 #167

Where have you done this?
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August 25, 2017, 03:12:11 PM
 #168

This is one of the reasons why investing in bitcoin is not yet too late. Just imagine when it is in the peak of its popularity and then many people will buy bitcoin and its price will go high. We are very lucky to know about bitcoin today.

Right, it will be a great advantage to start now in learning what is bitcoin and more importantly earning it. Many people still don't know what bitcoin is and if mor people will invest in the future, bitcoin's price will get higher and higher eventually.  Many people ignored bitcoin when its price was at its lowest and it had been a big mistake for them. To be honest, I wish I have known bitcioin much earlier because with its price now, it is hard for me to invest.

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August 25, 2017, 03:20:23 PM
 #169

The more people know bitcoin the better for people who had already or are into bitcoin,  although just people knew about it and gladly I am enjoying every bit of working and earning via bitcoin I am very sure as more people join this world of cryptocurrencies  there is so much opportunities that is going to opened up for we that are already into it.
Bitcoain is a smart solution to help the economy for us. I'm sure the development is very good because if everyone understands about bitcoin and knows it will be interested and try to learn it in order to help its economy.
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August 25, 2017, 03:22:32 PM
 #170

You should be glad that they don't know it yet. Just save your bitcoins until they all do, after that, welcome to the rich club.  Grin

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August 25, 2017, 03:29:09 PM
 #171

If we go by statistics provided by many institutions, then only some millions know about Bitcoin or in general cryptocurrencies. That account for less than 1% of world's population(7 billion). so, I would say not most rather almost everyone don't have any idea about Bitcoin or are confused about it. So, if you know about Bitcoin and are investing in it. Then you can officially say you are one of million. There is lack in advertising effort. Even where Bitcoin has been legalized, people don't have any idea about it. I have friends in Japan and they know nothing about Bitcoin. This is still an initial phase. There is long to go.

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August 25, 2017, 03:32:59 PM
 #172

that give you reason for investments in btc when 20/30% off worlds people used btc the valore will bee very high maybe 20k/30k
soo for sure btc not die veey soon so go investing in btc

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August 25, 2017, 04:28:51 PM
 #173

I called around some stores to see if they accept BTC, no one has even heard of it except like 0.1% of people.  Wait till people actually find out this exists...

That is the number one thing to do as a Bitcoin user, to share what is Bitcoin but there are some people saying that they don't like to share knowledge about Bitcoin because their profit might lessen. They dont know that it is very important to share their knowledge about bitcoin to everyone, it can make it widely known and accepted.

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August 25, 2017, 04:44:43 PM
 #174

You are right about that! 99% of people have no idea what Bitcoin is and yet it is already worth $4,000+ just imagine in a few years it will be a fortune!


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August 25, 2017, 04:48:07 PM
 #175

I think it is really good that most of the people don't know what is bitcoin. This means that we are among the 1% (not sure about the percentage) of people that have known bitcoin sooner. That time when all of people know what is bitcoin and need that for their life, the price will be much higher than today. So we will be rich.


Totally agree with this, just imagine if bitcoin spread out through out the world. People would panic and would want to learn how to earn BTC, the competition on earning bitcoin would be too high. The tendency is, earning through bitcoin would be lesser.
Indeed , it its actually true that the support of people is can consider as one of the vital part for Bitcoin development. So if people are going to be a part of Bitcoin in a form of having transactions, investment and trading could result a good effect on Bitcoin development and progress. Just imagine all people dealing with the same form of transaction and having a universal crypto-currency that can be used in transaction wherever and whenever. So it is a good thing to consider adverting Bitcoin to other people for them to experience the system of Bitcoin in terms of faster transactions.


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August 25, 2017, 10:53:40 PM
 #176

Full adoption can take 5-10 more years. But people still use it to transfer funds easily and quickly. There is continuous money flowing in from investors as well, adoption will happen. Technology only gets better over the years. bitcoin is still a new thing to many, it will be amazing to see how it evolves from here on as this year it got the most publicity and hype. Also the entire market cap is still undervalued by a ton.
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August 26, 2017, 12:12:08 AM
 #177

There are 8 billion people living day after day and working hard outside of the internet in the real world and only less than a billion other people are active internet browsers, from this 1 billion people only half truly need something like Bitcoin, a decentralized currency and half of them yet are unaware of it for now, there are currently less than 100 million people engaged and invested in crypto and yet look at the prices, they're skyrocketing.
Indeed when the number of people involved doubles we will see huge increases in all the crypto prices, buy before it's too late should we write on paper and hold in front of cameras.lol

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Kersh768
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August 26, 2017, 12:52:09 AM
 #178

I called around some stores to see if they accept BTC, no one has even heard of it except like 0.1% of people.  Wait till people actually find out this exists...
That's why we need to encourage more people into Bitcoin. If more people will be awared om the advantages of Bitcoin and how profitable it is, its demand will increase. And in the line with that, it will be recognized by the locals, retailers, companies and the likes that will lead for Bitcoin to be accepted as a currency once proven that it is potent enough.

iMark
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August 26, 2017, 12:57:49 AM
 #179

I called around some stores to see if they accept BTC, no one has even heard of it except like 0.1% of people.  Wait till people actually find out this exists...
Because it is not yet legal to most of the countries. And the legalization will be the way for the retailers to recognize what Bitcoin is. Or if it will be demanded by their customers. That's the advocacy of Bitcoin, which is to ebcourage more people, organizations and companies to invest, use and be one of the Bitcoin community to make its demand higher. If we will be able to encourage more people, it will be more popular to the market.
I think without legalization bitcoin will still spread to all corners of the world. But its spread is not massive or slow I admit that there are still many people who don't know about bitcoin. But it is a natural thing because bitcoin is still young. but over time. people will start to recognize bitcoin because bitcoin spreads

ongels
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August 26, 2017, 01:09:49 AM
 #180

Yeah right! Most people don't know this yet, even in public store's and market, are not accepting bitcoin as payment, since there are only few people have broad knowledge on it.. they tend to invest because this might be our money in the future.. and we all agreed that it is not yet recognized by everybody.. investors are craving to collect bitcoins, for they know that the value will rose up higher and higher in upcoming years..

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