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Author Topic: The existence of bitcoin is still lacking  (Read 502 times)
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April 21, 2018, 09:15:30 PM
 #21

This is really an issue that needs to be dealt with. Instead of showing ads leading to some websites to buy bitcoin, we should literate people about bitcoin. And most of the people are attracted to crypto just because they think they'll make huge profits from it. And in the lack of knowledge, it turns out that most of them incur losses.

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April 21, 2018, 09:16:23 PM
 #22

The existence  of bitcoin is still lacking in some places because of lack of internet connection in that community  or state,  what can make bitcoin to thrive is internet connection  that will make people to be aware of it.  No internet  no bitcoin

Most of the world has an internet connection, I would have to say it is about 80 percent or more of the world at least has access to an internet connection (be it either public or private connection)

So I wouldn't blame on this, I would blame on it bitcoins volatility and other problems which is related with bitcoin and the tech itself (tx fees, tx confimration time, etc) That's the real problem here.




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April 21, 2018, 09:22:45 PM
 #23

How can bitcoin materialize into the world's currency if people do not know what bitcoin is?
Maybe those people you asked doesn't have interest in investments, technology or assets. It also depends on what type of person you are asking but go in a street that's mainly full of business establishments or banks are close to each others. Your title says that existence of bitcoin is lacking? No bitcoin isn't lack of it, what bitcoin lacks is this.
It's awareness or recognition or understanding...pick a synonym.

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April 21, 2018, 10:52:23 PM
 #24

Asking 10 people in the street a question is nowhere near conducting a global survey.
And BTW, how did you guess their age, especially in quite a narrow gap (25-30) ? 
That is how global surveys are conducted now a days.  Cheesy They will conduct a survey of ten people and then try to calculate the percentage, that is the exact reason why Hilary won the polls conducted before the elections.  Grin

IMO the best way is to educate people and frequently talk about bitcoin Smiley
Not about investment part, but about decentralize, open, borderless, etc..
Good luck with that, if you find people who are interested in it, they already know those things, if you find someone who is willing to study new things then you can teach him, the worst part is that the common citizens wont understand anything you say because they are not familiar with the subject and i personally have experience teaching novice users and you will become mad after a few hours. Cheesy It is a bit easy to teach people with trading experience better even if they do not know about the technology.
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April 21, 2018, 11:07:20 PM
 #25

We can't make de decisions based on a survey where you asked juste 10 people.
We should ask at least 1000 people to have better results.
It's not your fault, at least you made an effort.
If we admit that 40% of people know about Bitcoin, I think it is a good result and more than I expected.

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April 26, 2018, 03:26:51 PM
 #26

I think ita not lacking because the company of bitcoin will still alive no matter ehat happens, because they performed a excellent services and provide a wonderful service. 
Therefore they will stay here longer in our industry and will serve the people.
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April 27, 2018, 04:47:24 AM
 #27

Bitcoin doesn't lack existence as we would never be able to use it what it does lack for me i'll say its awareness ,understanding and recognition.in your country or area what is the volume of people talking about bitcoin?people needs to know about bitcoin and its existence in our country's cause this sh** is real.there are hardly people who study's or research about something in the world today.spread the word.
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April 27, 2018, 08:15:28 AM
 #28



Well, that's exactly what happens in real life. especially for people who are not so familiar with the internet world. regardless of what you do, I do not think that can be a powerful indicator of every research you do on a small scale. perhaps, in some developed and prosperous developing countries there will be differences in the mindset of the people.
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April 27, 2018, 08:50:55 AM
 #29

In a survey, the less people you ask, the lower the accuracy of your survey. If you asked only 10 persons in a specific area, they cannot represent the whole population or even the area itself. It might be true that bitcoin is not known to that area but it doesn't mean that bitcoin is not known in the whole world.

yes its true, before i thought there are just few people who knew about bitcoin but then after joining in it i just realized that i am just one in a million people who knew it.
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April 27, 2018, 09:30:16 AM
 #30

I agree with this information. I know some Bitcoin investors who don’t know how blockchain and Bitcoin network works. All of them invested in BTC because of ads or bloggers promotion on YouTube. People are lazy and want fast money instead of learning something new and understanding technologies.
Also mass media write that Bitcoin is risky and can give you a lot of profit. But where are education articles about blockchain and digital assets advantages?

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April 29, 2018, 05:29:59 PM
 #31

As I toured the streets of downtown, I asked to question 10 people aged 25-30.

"Do you know of bitcoin or cryptocurrency?"

"Where do you get bitcoin information?" (If the answer to the first question is yes)

Of the 10 people I asked, 6 people answered never know about bitcoin and the rest replied that they know about bitcoin and cryptocurrency.

From the second question I gave to 4 people who answered that they know the average bitcoin replied that they know the bitcoin of the ads that appear in some social media services like BBM, Line, and Instagram. They told me that they were initially curious about the ads appearing so they tried to find out information about the ads.

The majority of people in this forum want bitcoin to be a world currency if viewed from the results of the survey above it turns out most people still do not know what is bitcoin or cryptocurrency.

How can bitcoin materialize into the world's currency if people do not know what bitcoin is? What do you think about to help the wishes of all bitcoin users come true in the future?
I don’t think so because BTC is very sustainable crypto currency an resource which could never be exhausted and on contarary you are saying that the existence of bitcoin is still lacking then buddy I completely disagree with your statement because BTC is that virtual currency that has provided employment to millions of people and has helping a lot in reducing poverty to a very great extent and I don’t think that its existence is lacking anywhere.
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May 02, 2018, 05:06:58 AM
 #32

As I toured the streets of downtown, I asked to question 10 people aged 25-30.

"Do you know of bitcoin or cryptocurrency?"

"Where do you get bitcoin information?" (If the answer to the first question is yes)

Of the 10 people I asked, 6 people answered never know about bitcoin and the rest replied that they know about bitcoin and cryptocurrency.

From the second question I gave to 4 people who answered that they know the average bitcoin replied that they know the bitcoin of the ads that appear in some social media services like BBM, Line, and Instagram. They told me that they were initially curious about the ads appearing so they tried to find out information about the ads.

The majority of people in this forum want bitcoin to be a world currency if viewed from the results of the survey above it turns out most people still do not know what is bitcoin or cryptocurrency.

How can bitcoin materialize into the world's currency if people do not know what bitcoin is? What do you think about to help the wishes of all bitcoin users come true in the future?
I don’t think so that existence of bitcoin is still lacking because now a days bitcoin is going through very much of controversy that almost each and every country is now talking about the bitcoin where to centralise it or not and if you are saying that existence of bitcoin is still lacking then your statement is completely false . Though bitcoin has gone through many ups and downs, it doesn’t mean that bitcoin has no future with world economics, I am 100% sure that one day bitcoin will be the central currency.
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May 02, 2018, 06:18:09 AM
 #33

As I toured the streets of downtown, I asked to question 10 people aged 25-30.

"Do you know of bitcoin or cryptocurrency?"

"Where do you get bitcoin information?" (If the answer to the first question is yes)

Of the 10 people I asked, 6 people answered never know about bitcoin and the rest replied that they know about bitcoin and cryptocurrency.

From the second question I gave to 4 people who answered that they know the average bitcoin replied that they know the bitcoin of the ads that appear in some social media services like BBM, Line, and Instagram. They told me that they were initially curious about the ads appearing so they tried to find out information about the ads.

The majority of people in this forum want bitcoin to be a world currency if viewed from the results of the survey above it turns out most people still do not know what is bitcoin or cryptocurrency.

How can bitcoin materialize into the world's currency if people do not know what bitcoin is? What do you think about to help the wishes of all bitcoin users come true in the future?
I agree that people still know very little about cryptocurrencies. Although I think most people already know about bitcoin. With the exception of regions where difficult communication. For bitcoin to be recognized by all should take a long time. I think ten years.
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May 02, 2018, 06:22:35 AM
 #34

Although, there are a lot of people aware of bitcoins their knowledge is still shallow in understanding how important and useful it could be.
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May 02, 2018, 06:24:00 AM
 #35

Bitcoin is not the mainstream. Six out of 10 people do not know bitcoin, so will any of these four people be willing to invest in bitcoin?

Bitcoin is not the currency most people accept, it's just a speculative asset.
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May 02, 2018, 06:33:43 AM
 #36

As I toured the streets of downtown, I asked to question 10 people aged 25-30.

"Do you know of bitcoin or cryptocurrency?"

"Where do you get bitcoin information?" (If the answer to the first question is yes)

Of the 10 people I asked, 6 people answered never know about bitcoin and the rest replied that they know about bitcoin and cryptocurrency.

From the second question I gave to 4 people who answered that they know the average bitcoin replied that they know the bitcoin of the ads that appear in some social media services like BBM, Line, and Instagram. They told me that they were initially curious about the ads appearing so they tried to find out information about the ads.

The majority of people in this forum want bitcoin to be a world currency if viewed from the results of the survey above it turns out most people still do not know what is bitcoin or cryptocurrency.

How can bitcoin materialize into the world's currency if people do not know what bitcoin is? What do you think about to help the wishes of all bitcoin users come true in the future?

That is why we should have an active voice not just in the community but into the whole of the world as well. We should be active in campaigning and in helping other people especially the new one into transitioning seamlessly into the landscape of cryptocurrency. However I still do think that before we can really make an effort into the chaning of the regulation scheme we should first influence and drive the revoultion of our information to our peers firsto

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May 02, 2018, 06:35:51 AM
 #37

As I toured the streets of downtown, I asked to question 10 people aged 25-30.

"Do you know of bitcoin or cryptocurrency?"

"Where do you get bitcoin information?" (If the answer to the first question is yes)

Of the 10 people I asked, 6 people answered never know about bitcoin and the rest replied that they know about bitcoin and cryptocurrency.

From the second question I gave to 4 people who answered that they know the average bitcoin replied that they know the bitcoin of the ads that appear in some social media services like BBM, Line, and Instagram. They told me that they were initially curious about the ads appearing so they tried to find out information about the ads.

The majority of people in this forum want bitcoin to be a world currency if viewed from the results of the survey above it turns out most people still do not know what is bitcoin or cryptocurrency.

How can bitcoin materialize into the world's currency if people do not know what bitcoin is? What do you think about to help the wishes of all bitcoin users come true in the future?

gini friend, this bitcoin if in my area still lay / not everyone knows for example if we ask 10 people, only 1 person know, because this bitcoin for society is only less thing, so hard bitcoin this become world currency
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May 02, 2018, 06:42:58 AM
 #38

It is precisely because most people do not know encryption, so the price of bitcoin will be likely to grow rapidly. I think the rapid growth of price is a good advertisement. It will not be long before more people know bitcoin.
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May 02, 2018, 06:47:17 AM
 #39

In my country, less than 2 of 10 people know about Bitcoin. 3 of them think of it as a scam because of bad media publicity and remaining 5 dont care about new technologies. Its hard to see people neglecting something important, I try to make understand my friends and family about it and got success most of the time.

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Armstand
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May 02, 2018, 06:50:30 AM
 #40

Although, there are a lot of people aware of bitcoins their knowledge is still shallow in understanding how important and useful it could be.
Those who really want to know, will find a way to research it. it is like a treasure that we should dig for us to unveil its power to make us earn and to get rich if we managed to do so.
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