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Author Topic: why some people don't believe in bitcoin?  (Read 67358 times)
Jmmerquita
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August 21, 2017, 03:36:35 PM
 #1

I always educate them about bitcoin? but they usually resist about digital currency.
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August 21, 2017, 03:40:48 PM
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They may be uninformed. Usually people who do not know or do not trust bitcoin that lack information. If they know the value of the current bitcoin, surely they will soon want to have bitcoin.

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August 21, 2017, 03:42:20 PM
 #3

Are you sure you're giving them the correct information though? And not like "magic internet money is the future!!!!!!!!!!"

Usually people don't get interested in bitcoin or any other cryptocurrency is because people mostly prefer a currency that they can physically hold, especially to the older and non-tech-savvy crowd. Can't blame them. Some or most grandparents can't even navigate through a smartphone, what more with using bitcoin? Also, fiat bills have been around since forever, so expect them to believe that fiat is definitely not going anywhere in the near future.

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August 21, 2017, 03:42:27 PM
 #4

You are not the only one. 99% of people have no idea what "a Bitcoin" even is. It goes over their head when you try explaining it. The reality is, on the front end or at least from a consumer point of view, it is simply virtual money/currency. That's it. It is digital cash you can use to buy stuff.

I think people do not believe in it mostly because they fail to understand the structure behind it. See, Bitcoin is essentially built or programmed just like physical gold. There is only a certain amount of gold available and it becomes harder to mine, thus more valuable over time. Bitcoin is the exact same, but most people are unaware of this, hence why they don't believe in it..

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August 21, 2017, 03:44:18 PM
 #5

Because people need to show only in a clear example, what Bitcoin is, and how you can make money on it. Who will be interested in the goods, if you just tell about it, but do not show how it works.
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August 21, 2017, 03:47:01 PM
 #6

i often asked my friend who speculation on stocks to buy some btc, he never did, because he think the risk is too high due to the policy, its hard to change peoples mind than change his money

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August 21, 2017, 03:52:22 PM
 #7

You are not the only one. 99% of people have no idea what "a Bitcoin" even is. It goes over their head when you try explaining it. The reality is, on the front end or at least from a consumer point of view, it is simply virtual money/currency. That's it. It is digital cash you can use to buy stuff.

I think people do not believe in it mostly because they fail to understand the structure behind it. See, Bitcoin is essentially built or programmed just like physical gold. There is only a certain amount of gold available and it becomes harder to mine, thus more valuable over time. Bitcoin is the exact same, but most people are unaware of this, hence why they don't believe in it..

Some people only think that bitcoin is a titan ponzi chain. That's the problem with those people. They never search, never read, never investigate, they just blame good performing new technologic innovations. They don't accept new things in conventional economy.

When they understand the real value of bitcoin, it will be too late for some of those. But, we will enjoy!
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August 21, 2017, 03:54:42 PM
 #8

How are you going to deliver it? To explain bitcoin to people who are really blind about cryptocurrency do have to be extra patient, because they do not know the basic ground, so they refuse to know.

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August 21, 2017, 03:56:10 PM
 #9

I always educate them about bitcoin? but they usually resist about digital currency.
In my opinion, I think believing in bitcoin is a choice. If you are willing to see yourself some day living a better life, don't be so ignorant to the extend that end up missing out on money. We all need money to survive and bitcoin can open the doors for you and give you all the better opportunities you never had in life. Bitcoin is the future currency, if you don't believe in it now, you will believe in it later.
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August 21, 2017, 04:01:58 PM
 #10

To understand why bitcoin matters you also have to understand the true nature of money - where it comes from, who controls it, what it's designed to do.

Almost no one out there has taken the time to actually educate themselves on this so don't expect them to get crypto either.

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August 21, 2017, 04:05:42 PM
 #11

Their mistake... People didn't believe in bitcoin at 2012. But it clear that soon bitcoin will be 10000$ and they will again don't believe?
Anyway need just time. And more and more news will come.

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August 21, 2017, 04:43:20 PM
 #12

I always educate them about bitcoin? but they usually resist about digital currency.
I find it hard to understand when many people still do not believe in Bitcoin. Bitcoin is flying high, it is one of the most developed currencies today, dominating the electronic money world with great value, no reason to doubt it. Even Bill Gates has a positive outlook on Bitcoin. I think they think Bitcoin is still a virtual asset. You should explain them again, clearly, in detail, and give proof of Bitcoin's great benefits. Maybe they will change their opinion.

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August 21, 2017, 04:45:19 PM
 #13

Other people have had the idea that this is some kind of Ponzi, or something like the tulip mania thing they talk about.  Lots of FUD also doesn't help.
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August 21, 2017, 04:46:19 PM
 #14

The first thing people say when i mention Bitcoins to them is you can get hacked. People have no clue how safe it is if your careful!

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August 21, 2017, 04:47:47 PM
 #15

they dont really know about bitcoin sir, and for every bitcoin owner didnt show off their wealth to public and make it invisible.
so they dont take any interest, even wannacrypt virus make bitcoin to worldwide news though
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August 21, 2017, 04:48:06 PM
 #16

I always educate them about bitcoin? but they usually resist about digital currency.
If they do insist or neglect bitcoin then its their own loss and they would really miss the opportunity. If those people do resist always then most likely they dont have any information on it and dont bother on educating them because once they resist they would not listen to you until the end. Later on they would realize that they should enter on bitcoin on earlier times.

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August 21, 2017, 04:56:30 PM
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I always educate them about bitcoin? but they usually resist about digital currency.

It is simply because they don't trusted you. There is what we called credibility issue about giving information. They don't trust you because maybe you are not close enough with each other. But what if your bestfriend is the one who told you about bitcoin, I believe you will trust him/ her.

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August 21, 2017, 05:00:06 PM
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The main reason is that they have been misinformated by the medias. There are some people that react to the word Bitcoin by saying it is either a scam, a ponzi or made for criminals. They are somehow brainwashed, and I think unless their friends or their family will start use it, they will keep saying the same stupid things.
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August 21, 2017, 05:04:15 PM
 #19

They may be uninformed. Usually people who do not know or do not trust bitcoin that lack information. If they know the value of the current bitcoin, surely they will soon want to have bitcoin.
It is pretty simple for them to don't believe in bitcoin and that is they don't have enough knowledge and information about bitcoin at the first place. It is quite normal for people to hesitate on trying thing they've usually do not used to with. So bitcoin as a form of crypto-currency which is set to be anew form of currency that is aligned to technology it is hard for them to take risk and to deal with bitcoin system. So the best thing to do is to informed people about the real system of bitcoin and how could they make profit out of bitcoin.

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veleten
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August 21, 2017, 05:07:21 PM
 #20

some people just do not need it at all
it is good to know mandarin language,for example,but it doesn't belong in the list of your priorities
so you do not learn it,untill you realise that hlaf of the world is speaking it and you will need it to run your business etc. Smiley
people tend to believe in what they are told to believe by media or authorities,if you do not have enough authority
nobody would listen to you

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