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Author Topic: Most people dont even know what this is yet.  (Read 13063 times)
Deathgamer
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October 13, 2017, 05:41:57 AM
 #581

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...


Yes most of the people didnt know bitcoin yet because it is not yet popular to all the people but if bitcoin will keep on increasing its value then the people will be surprise that bitcoin was totally exist and it is still growing and growing.

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October 13, 2017, 05:44:28 AM
 #582

Yeah, Bitcoin will become the premium way for people to pay online because feasibility and many other advantages, all people want to make more money for  their family, price will increase people will more rich
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October 13, 2017, 05:56:16 PM
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Yeah, Bitcoin will become the premium way for people to pay online because feasibility and many other advantages, all people want to make more money for  their family, price will increase people will more rich

Except nobody is using bitcoin to pay for stuff online. The vast majority of bitcoin is held as a speculative investment. There is an investment thesis that bitcoin will increase in value because it will become indispensable to future commerce, and it in no way is playing out that way. Bitcoin has become a hype machine, and the higher it climbs, the more the hype builds. People see new highs as validation that they're investing geniuses for recognizing this trend, when in fact, they're just piling on a bandwagon with little economic regard for the consequences or thoughts of utility. And the issue of utility is an important one, because without it, bitcoin is a bubble. When momentum runs out, the bubble bursts. So the best thing for bitcoin would be people using it as a currency and not a speculation vehicle, and in order for that to happen, it has to stop being so volatile, which is what has drawn so many people into it in the first place. It's a Catch-22.


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October 13, 2017, 06:25:31 PM
 #584

This is true because 5 % in our population only know this thing and seems like other places are now learning this thing. My friend told me this and it seems more and more of my co workers know this thing. The time comes when people realize about this advantages of  BTC they will leave their works.

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October 13, 2017, 06:49:25 PM
 #585

Some ppl in Africa still don't know about Internet, so just give ppl some time
I think it's normal situations
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October 14, 2017, 01:24:18 AM
 #586

In our country really couple of people know about this and a lot of do not believe in crypto forex. Because they believe that this is a economic pyramid. It takes even a lot more time to provoke trust.
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October 14, 2017, 01:54:52 AM
 #587

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.

You're right, frankly, if few people knows bitcoin there's more chance for us to get rich. And if btc gets chronic, there will be more competition for all of us on earning, just like the typical job seeking.

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October 14, 2017, 02:28:50 AM
 #588

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.


Yes you are right. I just realized it now...Then when the time comes that other people will recognize this BTC, we are already rich.

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October 14, 2017, 03:02:18 AM
 #589

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...

Inthink we are lucky to be part of those 0.1 % given the fact that we are the one who can fully absorb Bitcoin's opportunity, since Bitcoin is not yet being advertise worldwide maybe that's because of most of the country doesnt accept this yet new system, maybe soon they will conduct study regarding system. When the time comes that every people in the world knew bitcoin already the price will sky crochet and this is good but the opportunity will be less.

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October 14, 2017, 03:06:26 AM
 #590

A lot of people doesn't know bitcoin yet because they are not into technology and they will start accepting bitcoin if the government will promote it and tell the people in their country that bitcoin is a good currency to use. Bitcoin is not about being an option for paying because they can also use it to put their money in bitcoin and make bitcoin as an investment.



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October 14, 2017, 07:39:45 AM
 #591

Some ppl in Africa still don't know about Internet, so just give ppl some time
I think it's normal situations
Many people on this planet earth are not familiar with crypto currencies. In fact many from countries with internet access and fairly net savvy are still unaware of cryptos in general. Many people are unware of concepts of currency in first place.    Except students of economics very few understand what fiat currency is. Slowly but steadily people from advanced countries are using the bitcoin or crypto currency. Countries like japan who are actively using bitcoin and showing signs of successful adoption.
The global level adoption of crypto will take its time. This is beginning and once there is enough momentum in adoption then there is less chance of resistance.
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October 14, 2017, 07:49:24 AM
 #592

Many people do not know it or may not want to know because they have not understood what it is and what its advantages. Because they rarely surf in cyberspace maybe. But I am sure that bitcoin will soon be many. From pengunanya, because many already feel the results of the bitcoin itself
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October 14, 2017, 08:07:00 AM
 #593

Many people do not know it or may not want to know because they have not understood what it is and what its advantages. Because they rarely surf in cyberspace maybe. But I am sure that bitcoin will soon be many. From pengunanya, because many already feel the results of the bitcoin itself


Not all people who are using the internet or the social media are familiar with bitcoins since this is not yet that known in the Philippines though there are already succesful persons who benefited its financial advantages.But with the abrupt growth of  people who are now enjoying the financial and technical gains if bitcoins,no wonder that it would be known to many if not all.

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October 14, 2017, 08:18:43 AM
 #594

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...


It's not just finding it out. People should have trust and believe it and price will boost.

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October 14, 2017, 08:19:45 AM
 #595

In my local area, there is no store or shop that accept bitcoin. some of them know about bitcoin but don't accept payment through bitcoin because they prefer to use cash money

I do not think they like cash so they use it, for a more precise reason, they do not want to use bitcoin which they do not really understand to carry out the transaction. In other words, bitcoin is not yet fully available.
What do you mean by not yet fully available? Bitcoin is available in almost all the countries and they just need to buy it from an exchange or a local wallet that offers buying and selling bitcoin and that is how it is so easy to use bitcoin and make it fully available to the people who want to use it.
I 100% agree with you that most of the people even never heard the name of bit coin but as this is the introduction stage of bit coin most of people are now educating about bit coin but the problem with bit coin is the use of internet.

As the aged people have low idea of internet and the world money is mostly with these aged people in their businesses or banks accounts so that’s why they don’t have any interest to learn internet and invest in bit coin
Bitcoin does not need any improvement at all. All the features exhibited by bitcoin are amazing and are according to the needs of time. The decentralized nature of bitcoin meets the need of people who want not to be controlled by corrupt governments. All those people who are not willing to pay nay tax which is being utilized by government in wars etc. can easily use bitcoin as an alternative.

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October 14, 2017, 09:33:47 AM
 #596

For me yes most of people don’t even know bitcoin yet, but I’m some people heard it and not willing to try it. Bitcoin are becoming famous but other people don’t want to try bitcoin and not even believing what can bitcoin can make, change or done. But I’m sure that bitcoin will be well known in the future that most of the people are willing to using it.  Smiley
Yes I agree with that still a lot of people they don’t know about bitcoin and I think the reason is just about lack of information or advertisement if the people come to know about bitcoin through advertisement so the big challenge will be to teach them first that what is bitcoin and how it work and what are the advantages of bitcoin so I think bitcoin need more advertisement.

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October 14, 2017, 09:58:48 AM
 #597

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...

It is true nowadays, there are still many of the people in the whole world don't know yet what bitcoin really is, it maybe some they heard of it but they ignored. But there are country bitcoin was being legalized like Japan, Korea, and others. But like what I said, majority don't know yet bitcoin.

Absolutely. They heard it but choose to ignore because of the lack of awareness in the community. We can't blame them for that because they're just afraid to get scam and lose their money. If we just can raise awareness to to this then it will be all easy to the people to embrace this new digital currency and realized it will be a big help to their everyday living.

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October 14, 2017, 10:12:50 AM
 #598

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.


Yes definitely.most of the people dont even know it yet because bitcoin is not so familiar but all i can say is that bitcoin has a higher value so if you work hard in this site then you will earn alot because of your hardwork so you will get rich and you will be famous that you get rich because of bitcoin.

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October 14, 2017, 11:06:53 AM
 #599

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...

yes many still do not know about bitcoin, just imagine if they all know what bitcoin is and how to get bitcoin so everyone wants to join and have bitcoin, more and more bitcoin enthusiasts more expensive bitcoin price, because total supply of bitcoin is limited and demand is very high.

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October 14, 2017, 11:21:33 AM
 #600

Indeed many are illiterate about this thing, and here in my country only small percentage I think does know on this bitcoin thing. I know we are young when it comes to become popular in the whole world but I see that this gonna be fun if many would know and better aware about bitcoin. I see also that it will be known or be popular if the value of bitcoin will be that high by even a $10k, I may predict just between the two it may be a panic buying or vast bitcoin selling.



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