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Author Topic: Most people dont even know what this is yet.  (Read 13059 times)
kelseydustin
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August 26, 2017, 04:51:08 AM
 #181

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..
I agree with you. In my local area, there is no store or shop that accept bitcoin. Most of the people know about bitcoin but only a few of them truly invest their money in it. And investors are the one who put most of their money in bitcoin. Many bitcoiners only care about the profit they have and they sell all of their bitcoin whenever they have a chance

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Macai
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August 26, 2017, 07:09:53 AM
 #182

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.

Therefore we should start earning bitcoin right now so that we will become rich in the near future. I believe that someday bitcoin has been accepted by local areas because I believe that in a digital country we need a digital money and If that so bitcoin will become a necessities of people.


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August 26, 2017, 07:17:59 AM
 #183

It is true that currently only a few countries have legalized bitcoin, and not all people are willing to trade using bitcoins, perhaps by the time they are willing to accept payments using bitcoin and must have a big influence in the real world that first recognizes paper currency
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August 26, 2017, 07:46:46 AM
 #184

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.

Therefore we should start earning bitcoin right now so that we will become rich in the near future. I believe that someday bitcoin has been accepted by local areas because I believe that in a digital country we need a digital money and If that so bitcoin will become a necessities of people.
its not that easy as you think earning bitcoin is still working hard as you could, it is not like just you are only playing around or tricking some children to earn money. well it is also nice and one of the advantage that even if we are not an early adopters we have been working for a while and we know how is it done, compared to other people that doesn't give care to opportunities and just sticking to what they commonly known.

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August 26, 2017, 07:56:11 AM
 #185

It is true that currently only a few countries have legalized bitcoin, and not all people are willing to trade using bitcoins, perhaps by the time they are willing to accept payments using bitcoin and must have a big influence in the real world that first recognizes paper currency

It will take a long time before that changes dude. People will always first recognize the currency they've known all their lives. Bitcoin is a revolutionary way of doing transactions and as with all revolutions that precede change, it's not going to be overnight that everyone will recognize it.

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August 26, 2017, 08:00:41 AM
 #186

It is true that currently only a few countries have legalized bitcoin, and not all people are willing to trade using bitcoins, perhaps by the time they are willing to accept payments using bitcoin and must have a big influence in the real world that first recognizes paper currency

It will take a long time before that changes dude. People will always first recognize the currency they've known all their lives. Bitcoin is a revolutionary way of doing transactions and as with all revolutions that precede change, it's not going to be overnight that everyone will recognize it.

What you are saying is true and even it will be more soon recognized if it gets legalized as most of the traders are not accepting bitcoin as it is not legalized and tax status is pending. Once it gets legal status then you can see the growth of bitcoin very fast.
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August 26, 2017, 08:10:33 AM
 #187

Yes, now a lot of people do not know about bitcoin, despite the fact that most have Internet. You need to tell as much as possible about it to all your friends and acquaintances.

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August 26, 2017, 10:19:02 AM
 #188

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.
Many restaurants and other famous business have started accepting bitcoins but this is not very common yet. With time, bitcoins as a payment mode will become popular. It’s cool and your good luck if you can easily cash out your bitcoins and enjoying buying your favorite things.

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August 26, 2017, 10:35:31 AM
 #189

Yes. Because how would they know if the people around them and also teacher wouln't know about this. They are lack of informations and ideas.

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August 26, 2017, 01:28:45 PM
 #190

there is still few people know about bitcoin even in big city which have good technology and good internet connection. maybe they don't really know about what is new technology so they are not searching. there are many online store is not trying yet to accepting bitcoin as payment but the others store online is started to accepting bitcoin.

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August 26, 2017, 01:42:03 PM
 #191

Yes. Because how would they know if the people around them and also teacher wouln't know about this. They are lack of informations and ideas.
I think there is a lack of advertisement. As bitcoin is decentralized asset. Nobody care about making it more famous or putting any effort at high scale to advertise it. This restrains the growth as nobody is going to know about it naturally. Most of the people aren't even aware of it existence. This trend can only change if there is some large scale campaign to make Bitcoin popular. Might we in this forum can try something in that direction.

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August 26, 2017, 01:48:33 PM
 #192

there is still few people know about bitcoin even in big city which have good technology and good internet connection. maybe they don't really know about what is new technology so they are not searching. there are many online store is not trying yet to accepting bitcoin as payment but the others store online is started to accepting bitcoin.

Bitcoin can draw attention of people only if it starts getting accepted at physical shops, malls or restaurants as the percentage of people who goes for offline shopping are higher in compare to that of online shopping so if people will come across that bitcoin is accepted as a mode of payment then will start to research about bitcoins and it will also create an awareness level in them.

BitSat
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August 26, 2017, 01:54:37 PM
 #193

there is still few people know about bitcoin even in big city which have good technology and good internet connection. maybe they don't really know about what is new technology so they are not searching. there are many online store is not trying yet to accepting bitcoin as payment but the others store online is started to accepting bitcoin.

Bitcoin can draw attention of people only if it starts getting accepted at physical shops, malls or restaurants as the percentage of people who goes for offline shopping are higher in compare to that of online shopping so if people will come across that bitcoin is accepted as a mode of payment then will start to research about bitcoins and it will also create an awareness level in them.
Your point is valid but its need some hard work to convey peoples about this and its not stable just because of this most of shopkeepers not want to accept this if its came some stable then we can hope we have too many shops and other shopping places where peoples will enjoy with use of this bitcoins
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August 26, 2017, 01:55:27 PM
 #194

The popularity of bitcoin is not wide as of this time most of the people does not aware of crypto currency I think that's the reason why bitcoin value is not that high and just starting to appreciate because it depends on the demand of people

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August 26, 2017, 02:13:18 PM
 #195

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..
Your right,  even if you ask the public about this only afew recognize this. Its because most people hardly believe in this thing because there is a lot of scam in the internet.  But once they know how this really works and how bitcoin can help us minimize the waste of time for the services they offer I think many will join this.

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August 26, 2017, 02:53:44 PM
 #196

Every new place which starts to work with bitcoin seemed to be announced here on the forum in press section. But of course they cannot lead every news about it. In my place there is also no any place that would accept bitcoin for payment and I think we will need much more time to some businessman get involved.
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August 26, 2017, 02:56:43 PM
 #197

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...
There are many people in our society that is still not yet aware to the bitcoin. I think 10 years from now before they will have a knowledge about bitcoin. I think we need to make a move to spread our knowledge about bitcoin to the other people.

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August 26, 2017, 03:00:13 PM
 #198

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.


Bingo. I get annoyed hearing it so much among bitcoiners so often, but it's very true: we are still early adopters. IMO, scoop up all the coins you still can, and be mindful of opportunities in altcoins to accumulate more bitcoins. Cryptocurrencies aren't going anywhere, and I'm very confident that Bitcoin will remain the king that rules them all.

I couldn't agree more.  I played around with Bitcoin years ago just to see how it worked.  I considered making a sizable investment in it at the time (boy I wish I had!), but I honestly thought that if it were to grow and become a real threat to traditional fiat currencies it would be quickly outlawed.

Instead I see the opposite happening.  Yes, regulation of crypto in general is coming/here (at least some of which is probably needed, but we need to be careful that regulatory overreach does not occur), but the technology itself is not going anywhere.  A certain amount of regulation legitimizes cryptocurrency.

Most of my colleagues have no idea what bitcoin is, despite it being discussed here and there in various (non-crypto specific) financial and technology media.  But more are aware of it this year than there were last year, and I expect that will continue until it reaches a "tipping point".

I am confident that blockchain and crypto technologies will reshape society, and we are the 1%, the early adopters.

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August 26, 2017, 03:22:44 PM
 #199

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...
There are many people in our society that is still not yet aware to the bitcoin. I think 10 years from now before they will have a knowledge about bitcoin. I think we need to make a move to spread our knowledge about bitcoin to the other people.
When somebody ask you about this and you told them how good is bitcoin to us, probably they are doubt and they say  that bitcoin is a kind of scam. That's why most people don't know about bitcoin because of their bad thinking but don't knowing how bitcoin can do for us. Because lack of interest and they don't want to be apart of a new world generation of currency.

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August 26, 2017, 03:30:17 PM
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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 know the legalization of the government will make the adoption of a very big time. because people will be sure and believe in bitcoin. Because the government has legalized and allowed. But legalization can not be obtained easily? Many countries even ban bitcoin. But do not bother with it. Because without legalization though. The spread of bitcoin will continue

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