Target Market of Bitcoin

[Harley29]

I personally believe that the target market of Bitcoin are the millenials. It is because they are the ones who doesn't resist change and advancement. They will most likely adapt Bitcoin especially if it is helping them.

The millennial obviously have an upper advantage anyway, with the fact that they reached their adulthood in the jet age. The old cargos are just living borrowed time presently and they are still so much in the past while just living in the present, since it is always going to be hard for them to easily adapt to the strong change in technology.

Additionally the target market is somehow still restricted to those who have access to the internet easily, since without that, you are in total darkness from the digital world.

Well apparently yes because here in my country the majority of people knows bitcoin is in the young age between of 15 years old up to 28 years old. Some people that are in their 30s have just a limited knowledge about this. No wonder the age bracket of it is the one young ones that's use their time in computer especially in internet. Their interest heightened as they're more exposed to new technology so we can somehow concluded that at least 60% of bitcoin users are millenials.

Beautify of bitcoin is that people of any age can use it, there is no restrictions for people to use bitcoin, if they want to earn they can earn high amount of profit and they will not suffer any kinds problem, as much as you think that being lack of knowledge is the bridge between achieving target then it is not like this as they can get fast and fine information and knowledge from bitcoin forum and they can take help in facebook group discussion or from you tube, so be calm bitcoin is going to achieve target nothing can stop bitcoin way of success.

[MD Milon]

I think target market of bitcoin is not only one person,or any one community.target market of bitcoin are those people,who believe decentralized and cryptocurrency.who believe bitcoin,also who want to earn money.

[Kevin77]

I think the true target market for me with bitcoin in the long term would be the cliche phrase "Banking the unbanked". But I really do think this is true. Smart phones now are everywhere and this is basically all you need along with access to the internet to now transfer funds outside of the banking system so I think this is both the most ethical target market and also potentially the most profitable.

Now banking is non banking only because people trust bitcoin more than bank, there are a lot of reasons for it as it is very easy to carry all the time your money with you if you use bitcoin but not fiat money, it is very easy to transfer a lot of bitcoin within few minutes so they found it reliable to use as compare to banking system, I think bitcoin gonna target banking system for fast payment and in future it gonna be only way to settle good marketing.

banks were still stable and legit than bitcoin , therfor many people will always prefer to use and put their hard earned money in banks than in investing on bitcoins. im pretty sure banks woudnt allow bitcoin to partner with their service because they think bitcoin can give them a threat if ever bitcoin becomes popular to the public because bitcoin will become more credible if banks and other big names will partner with it. however this might also affect that price of bitcoin because it will now become less volatile if it is regulated by banks.

Well, everybody have their own preference and in as much as most people are still trying to play safe, they would not want to put in what they cannot risk into bitcoin anyway. I would not be so sure of anything, because with the way cryptocurrency is going and the idea and perception governments are beginning to have about it.

I would not be surprised in the long run if banks find a way to benefit from it. Bitcoin however, cannot be regulated by banks with respect to your last statement, it still remains decentralized and nothing changes that unless the protocol is changed.

Apparently, it is a free world and no one is exempted from the show and some may have their skepticism but we also have to understand that over time, a lot of things can change and that can start turning to some hope for them. I still so much believe that over time, there would be some mass adoption which would help sky rocket the price, but for now, I guess the market is for only those who are willing to take the risk to be a part of the future.

[Sum24]

I think target market of bitcoin is not only one person,or any one community.target market of bitcoin are those people,who believe decentralized and cryptocurrency.who believe bitcoin,also who want to earn money.

No doubt bitcoin is not only a single parent currency but it has huge family, in which some members are investors, some are traders, some are gamblers and some are only holders so it is not about a city it is not about a country, bitcoin is our world currency, if we want to earn high profit then we will have to prepare our self about the falling and rising market of bitcoin, we will have to fix our own target price in your mind at the time when you invest then wait till you get your target profit from bitcoin.

[marsmyname]

Kindly enumerate all the target market of Bitcoin.

Many people now loves doing bitcoin because of the advantages of doing so but the fact is many of them are still not aware of what does the Bitcoin do and how does it work. And the list of knowledge about Bitcoin is too small.
Thats why I am asking now, who must be the Target Market of Bitcoin?
Thank you.

Bitcoin users run bitcoin client software on a computer called a node.

A large number of node computers are connected to each other to form a web of peer-to-peer networks.

The decentralization of bitcoin is called the blockchain. This is one of the simplest descriptions of how bitcoin works, and of course the actual running of bitcoin is far more complex than that.

The advantages of bitcoin in international remittances have led to the spontaneous use of bitcoin in some import and export trade.

I'm sure there will be more industries using bitcoin.

Agreed, all those who have invested their money into bitcoin combine to form a peer-to-peer network and that because of which bitcoin is being termed as a decentralized currency because there is no one who is governing bitcoin or controlling it. All of us have compete right to come and invest our money into bitcoin and that we can also make our lives far better by doing so.

[kingsters]

Bitcoin price breaks $10,000 for the first time - November 28, 2017

and i think growing 3 month ago

[upsidedown75]

Bitcoin is the global currency, so the target audience is not really a group or type of person (and not just humans in the futuristic AI world). But the majority of users will be people who value privacy, globalization, and decentralization. It's gaining in popularity with libertarian and anarchic types but has evolved into a more diverse audience as more and more people are attracted to it, and it's becoming easier to use.

The target market may vary in different countries because every region of the world has its own dynamics. Online shopping is the major target which bitcoin has locked and pursuing it with all its strength and it may soon take over this in some countries because of more securities being offered.

In other countries, it will take some time but after the governments will get involved, soon it will be implemented in those parts of the world.

Bitcoin is no doubt one of the best thing one can have in our life and that we can surely have a huge profit if we keep on investing our money into it. Bitcoin is such a coin which can help you in so many places and that it can be used anywhere in this world. However, this will take some time and that it very tough for the bitcoin to have such a good reputation in the international market.

I always imagine one thing so far, that if I had missed this, what would I have told my kids when they grow up ?
That I did not have access to internet or afraid to take risk? Bitcoin has shown great potentials and it is still showing a really huge one. So far, we have gotten to see how things have turned out with the government trying to embrace it rather than condemning it, and if we get to see this happen, this may start being a door for mass adoption kicking in.

[palle11]

I think when target group or target market in economics, is simply saying the class of people that a product is made for, its purpose and uses For instance, there are some products that are for adults and children, so we can say that the group for diapers are children and not adults  .
 
I can say that the target group for bitcoin is the people, the users. That is, the people who believe it and are investing on it.

[kwarto]

the target market of bitcoin is you! and the people who are using the coin to trade...bitcoin is a currency - it is a tool being paid to certain product or sevices rendered.

As to date, there are only few countries accepting the coin to paid to a purchase product... it is widely use as "digital asset" my term to trade in the marketplace to earn huge income as the price of the coin is getter higher. if u exchange your fiat money to the coin in lower price then sell it to big price it would means profit. depending on the price variance that dectates your profit.

[Starone1]

Bitcoin price breaks $10,000 for the first time - November 28, 2017

and i think growing 3 month ago

Well 10k is not a big deal because price of bitcoin has become more than this now and it can get more high if you will concentrate with your investment to let it grow without panic selling, I think bitcoin experts have fixed the price of bitcoin for this month more than 20k dollar so I am dreaming very high, 10k has become an old price now, it is time to think bigger and get bigger profit with this pump in price of bitcoin, so gradually merit of bitcoin is getting high and it is increasing for sure.

[hispout]

I’m not really understanding your question. Do you mean what’s the target of Bitcoin as in what price that is set to be achieved or do you mean those that Bitcoin was meant for, or do you mean the reason why it was made?

If you mean the target in price, then there is no particular target. As long as there is demand from the people, it will keep on fluctuating and will keep on achieving new higher rates.If you mean those it was meant for, then it’s meant for investors and not just everybody. And if you the reason why it was made, then there are lots of reasons.

[KorakPawon]

target? a bit confusing too to answer, but bitcoin is the digital currency, which means their target internet users, or arguably oranmg-people who are looking for income on the internet

[robynmario]

Really, I do not know your question. But if it is about the goal of bitcoin. That is becoming a popular payment method all over the world. And they get a share of success because we've seen that Dell, Microsoft accepts bitcoin as the payment method for their product. And there are many retailers in the world that accept bitcoin. However, the popularity and value of bitcoins are increasing and can not be controlled. Will they really change their original purpose?

[genology]

I think it is the millenials. It is because they are the ones who are digitally inclined. They don't reject new technologies invented since they know it will benefit them. Unlike the old people, they want the old way because they are much familiar with it.

[yurenchuang7125]

The ultimate goal of bitcoin is to replace traditional paper money and become the universal currency of the world, and is now moving towards that goal.

At present, bitcoin people directly transfer money to people - no intermediary agency is involved, no third party performs supervision or set restrictions.

Easy to use, quick.

[feby]

Target terbaik untuk pemasaran adalah mereka yang pengambil risiko dan tertarik dengan crypto. Dari pengusaha hingga karyawan biasa. Semua individu dipersilahkan untuk bergabung selama mereka bersedia menginvestasikan uang dan waktu untuk belajar dari cryptocurrency.

[Sadlife]

I guess people from a well develop country that has good economic status with lots of middle class or higher class citizens like the first world. We can't really teach bitcoin if a country is still suffering from poverty, has no electricity, no internet connection. So for now that would be the best target for bitcoin. People who can use internet of things.

[mpetyunov10]

Japan's new leader Bitcoin market
Regardless of all this, many experts expressed optimism towards Bitcoin. Some analysts, including Max Kaiser (head of RT's Keiser Repor) confirmed their short-term target price for Bitcoin. More importantly, Kaiser explained that the Japanese market is likely to overtake China in the coming months, as China continues to isolate itself from the global Bitcoin industry. Kaiser was accurate with his vision of the short-term Bitcoin trend. Most traders from China have already switched to the Japanese market Bitcoin exchanges, as predicted by Kaiser.
Today, Japan officially became the world's largest Bitcoin stock market, surpassing the United States by a staggering 50.8% stake in Bitcoin's global exchange market. At the same time, the volume of trading on the Chinese exchange market Bitcoin fell from 15 percent to 6.5 percent, despite the continuing operations of OKCoin and Huobi.

[richfinch]

Kindly enumerate all the target market of Bitcoin.

Many people now loves doing bitcoin because of the advantages of doing so but the fact is many of them are still not aware of what does the Bitcoin do and how does it work. And the list of knowledge about Bitcoin is too small.
Thats why I am asking now, who must be the Target Market of Bitcoin?
Thank you.

Who is the target audience for Internet?

Please understand bitcoin is not a product, company or any organisation. It's innovative technology , a technology has always changed the world.

and this time its no different.

the companies like amazon, HP and expedia have already accepting bitcoins. japan has considered bitcoin transaction in legal book.

Bitcoin is a global currency, so the target audience is not really one group or type of person (and not just humans in a futuristic AI world).  But the early majority of users would be people who value privacy, globalization, and decentralization.  It started out being popular with libertarian and anarchist types but has expanded to a more diverse audience as more people get interested in it, and it becomes easier to use.    

SO WHAT ARE BITCOINS? HOW DO BITCOINS WORK?
Bitcoin – the initial virtual banking currency of the internet – has existed for several years now and many people have questions about them. Where do they come from? Are they legal? Where can you get them? Why did they split into Bitcoin and Bitcoin Cash? Here are the basics you need to know.

 - Cryptocurrency Defined
Cryptocurrencies are just lines of computer code that hold monetary value. Those lines of code are created by electricity and high-performance computers.

Cryptocurrency is also known as digital currency. Either way, it is a form of digital public money that is created by painstaking mathematical computations and policed by millions of computer users called 'miners'. Physically, there is nothing to hold although you can exchange crypto for cash.

'Crypto' comes from the word cryptography, the security process used to protect transactions that send the lines of code out for purchases. Cryptography also controls the creation of new 'coins', the term used to describe specific amounts of code. There are literally hundreds of coins now; only a handful have the potential to become a viable investment.

Governments have no control over the creation of cryptocurrencies, which is what initially made them so popular. Most cryptocurrencies begin with a market cap in mind, which means that their production will decrease over time thus, ideally, making any particular coin more valuable in the future.

 - What Are Bitcoins?
Bitcoin was the first cryptocoin currency ever invented. No one knows exactly who created it – cryptocurrencies are designed for maximum anonymity – but bitcoins first appeared in 2009 from a developer supposedly named Satoshi Nakamoto. He has since disappeared and left behind a Bitcoin fortune.


Because Bitcoin was the first cryptocurrency to exist, all digital currencies created since then are called Altcoins, or alternative coins. Litecoin, Peercoin, Feathercoin, Ethereum and hundreds of other coins are all Altcoins because they are not Bitcoin.

One of the advantages of Bitcoin is that it can be stored offline on a person's local hardware. That process is called cold storage and it protects the currency from being taken by others. When the currency is stored on the internet somewhere (hot storage), there is high risk of it being stolen.

On the flip side, if a person loses access to the hardware that contains the bitcoins, the currency is simply gone forever. It's estimated that as much as $30 billion in bitcoins have been lost or misplaced by miners and investors. Nonetheless, Bitcoins remain incredibly popular as the most famous cryptocurrency over time.

 - How Bitcoins Work
Bitcoins are completely virtual coins designed to be 'self-contained' for their value, with no need for banks to move and store the money.

Once you own bitcoins, they behave like physical gold coins: they possess value and trade just as if they were nuggets of gold in your pocket. You can use your bitcoins to purchase goods and services online, or you can tuck them away and hope that their value increases over the years.

Bitcoins are traded from one personal 'wallet' to another. A wallet is a small personal database that you store on your computer drive (i.e cold storage), on your smartphone, on your tablet, or somewhere in the cloud (hot storage).

For all intents, bitcoins are forgery-resistant. It is so computationally-intensive to create a bitcoin, it isn't financially worth it for counterfeiters to manipulate the system.

 

[farukahmed]

This the target market in bitcoin of crypto market. There are many people are use in bitcoin they can buy bitcoin and some other coin from crypto market. If you can buy some coin hold on market i am sure you get a good profit. I think many people are many kinds of concept. there are many trader and seller and investor in this market so they are profit or loss from this crypto market. So at last i can say that the bitcoin target market on crypto market. I like and love this market.