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Author Topic: Do you think majority of the people heard or read Bitcoin one time or another  (Read 534 times)
Genemind
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October 06, 2019, 06:12:11 AM
 #41

I believe, yes. Bitcoin has reached a lot of countries. It has been on the mainstream and it could even go more. My colleagues already know what Bitcoin is. It's even being advertised in our country. A lot of information about it is also everywhere in the internet and social media sites. I'm sure that a lot of people will easily get informed about this digital currency. If massive adoption would happen, it could also be adopted in most countries around the world.
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October 06, 2019, 07:00:16 AM
 #42

The popularity of bitcoin makes bitcoin more famous throughout the world and because in the country where I live, bitcoin is more popular than other cryptocurrency because news about bitcoin is easily found or seen on all social media, advertisements, You Tube and many others.
and that will make bitcoin the main topic in cryptocurrency because they only know a few cryptocurrency besides bitcoin.
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October 06, 2019, 07:21:45 AM
 #43

I believe, yes. Bitcoin has reached a lot of countries. It has been on the mainstream and it could even go more. My colleagues already know what Bitcoin is. It's even being advertised in our country. A lot of information about it is also everywhere in the internet and social media sites. I'm sure that a lot of people will easily get informed about this digital currency. If massive adoption would happen, it could also be adopted in most countries around the world.
People will easily understand the use of bitcoin due to the fact that this era was informative because of the internet. And if massive adoption will do occur then probably this could become an alternative payment for our daily transactions.
Bitcoin is already familiar to people because it has already been in the news before however, not the way we want it supposed to be known, media focuses only on the negative impact that is why folks are doubting to use this technology and the worse is getting banned from other countries.

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October 06, 2019, 07:46:53 AM
 #44

I think the majority already knew about bitcoins existence they just don't bother to pay time to dig into its information and what really it is. The number of social media users we have nowadays are millions and that is the main medium where bitcoins news are circulated, plus some news that got broadcasted about bitcoin im sure millions of people already have heard of bitcoin.

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October 06, 2019, 10:09:33 AM
 #45

~snip~

Research shows that cryptocurrency is used by 0.5% to max 1% world population, which in numbers gives us a maximum number of 75 million people. Given the world’s population of 7.5 billion people, that 1% is just like a joke and shows us that a very small number of people are directly involved with crypto.

On the other hand, I think that at least 50-70% of people heard about Bitcoin, especially in times of big bull run in 2017, but most don't even understand the basics and considers it an internet scam that will end sooner or later.

Another very important fact is that 45% of the world's population does not have internet access, and they probably never even heard of Bitcoin, and even if they are, they have no ability to use it.

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October 06, 2019, 04:23:13 PM
 #46

Bitcoin has come along way we have seen massive adoption and so many videos, news, and articles about websites and many people have invested and are now using Bitcoin do you think after ten years majority of people around the world have heard or read Bitcoin one time or another?

Definitely, our technology is advancing and nowadays people use smartphones to watch videos, and surf the internet and with many bitcoin enthusiast using social media to increase awareness with bitcoin, it is possible that it will reach to millions of people who haven’t known bitcoin. Social media now is like part of every people lives that is why I strongly believe that in the span of 10 years majority of the people will know bitcoin and probably invest in bitcoin as well.
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October 07, 2019, 02:20:37 PM
 #47

i ever ask to my neighbour about bitcoin and some of them have no idea, but the other know about bitcoin but its not bitcoin, its trading. they said that its like gamble, you just play your luck on internet. and i ever explain to someone and he like dont believe with what i said.

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October 07, 2019, 07:22:12 PM
 #48

Bitcoin has come along way we have seen massive adoption and so many videos, news, and articles about websites and many people have invested and are now using Bitcoin do you think after ten years majority of people around the world have heard or read Bitcoin one time or another?

I was shocked to learn that most people do NOT know it. The author of the Bitcoinist news resource went to the most progressive countries in the world in terms of using Bitcoin, with the exception of Malta and Switzerland, to find out what the inhabitants of the country know about the main cryptocurrency. The result was unexpected - over 99%  people around the world do not know anything about BTC.
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October 07, 2019, 07:51:23 PM
 #49

Bitcoin has come along way we have seen massive adoption and so many videos, news, and articles about websites and many people have invested and are now using Bitcoin do you think after ten years majority of people around the world have heard or read Bitcoin one time or another?
I think it will be safer to say "heard about Bitcoin" than "read about Bitcoin" The truth is that people hardly read. Even now, not many will read the OP before responding. Sometimes, I don't even blame those who say they don't understand jack about Bitcoin. It's really technical stuff. The technicalities of Bitcoin perplexes me too.

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October 07, 2019, 09:03:31 PM
 #50

I think the majority of people have heard about Bitcoin somewhere at least once. There are advertisements, news etc. about Bitcoin. It seems hard to me that most of the people didn't even hear about it.

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October 07, 2019, 09:31:49 PM
 #51

I think the majority of educational people has heard about bitcoin, but problem is most of the time is promoting as a way to money not as a solution to a real problem. That's the reason why most crypto people are at the space just for money in first place and the funny thing, they want other people to join in order to bring more money to the space so the price can moon and they become rich by selling their bitcoin at high price to those newcomers. Because the focus is on making money, Some outsiders see bitcoin as a scam and bubble that will have a sad ending.
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October 07, 2019, 09:50:14 PM
 #52

Bitcoin journey that has been 10 years, with a lot of news in various mass media. Make bitcoin known by all people in the world.
I think at least everyone has heard about bitcoin. But unfortunately most people recognize bitcoin as something negative,
like illegal, money laundring, terrorist funds, money games, gambling, etc. It was all caused by wrong reporting by the media. Only
a small number of people who think positively about bitcoin and invest in bitcoin. Therefore let's struggling to introduce bitcoin to
the world positively, so that all people throughout the world understand that bitcoin not something bad or a threat to human life.

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October 07, 2019, 10:25:54 PM
 #53

Bitcoin has come along way we have seen massive adoption and so many videos, news, and articles about websites and many people have invested and are now using Bitcoin do you think after ten years majority of people around the world have heard or read Bitcoin one time or another?

I am not sure about the majority of people knows something about Bitcoin. But there is so many people today recognize Bitcoin and have some information about it. People are getting more informed day by day.

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October 07, 2019, 10:30:56 PM
 #54

Comparing the awareness of Bitcoin during it period of creation and this period, we can see great developments in adoption and usage. Truly, a lot have changed.
So, by 10 years I believe most country will have come to realise that Bitcoin is something that a country payment system so have (hopefully). Also, by then the blockchain technology might have been implemented in many sectors of some states.
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October 07, 2019, 10:42:09 PM
 #55

Bitcoin has come along way we have seen massive adoption and so many videos, news, and articles about websites and many people have invested and are now using Bitcoin do you think after ten years majority of people around the world have heard or read Bitcoin one time or another?

Yes, there is a chance of bitcoin massive adoption in the next coming 10 years as we saw what happened with Social Media in the last decade. No doubt, lots of people heard and read about bitcoin but the only thing stopping them from using bitcoin is FEAR of losing their money in bitcoin because of price volatility. Once many people start using bitcoin that may reduce the price volatility a lot.
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October 07, 2019, 10:46:13 PM
 #56

Well most of my friends have heard about bitcoin but most of them don't want to adopt Bitcoin or to posses bitcoin which is bad for them but everyone is free to make their own decision.

Also I do think that most of the people heard about bitcoin as it went viral on TV and Social Medias back in the bull run but most of them are on the same boat like my friends , they don't want to invest something that they cannot have it in their hands...and on the next bull run they will cry ...again. I think only after 2025 people will really start to look into bitcoin as something with real value when they could hold some of their investments.

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October 07, 2019, 10:47:44 PM
 #57

If we count in the fact that at least  30% of the world has no internet access. Even in rich countries like Italy 40% of the population don't have Internet access and not because it's expensive or unavailable. https://www.thelocal.it/20170712/40-percent-of-italians-dont-use-the-internet-technology-eu

My parents don't use the Internet and I know many people age 60+ who don't. They don't know what Bitcoin is and maybe heard the word once or  twice but have no idea what it is.

Is it really important that you heard the word if you don't know what it means? I know some foreign words that I wouldn't be able to use in a sentence Cheesy

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October 07, 2019, 11:13:32 PM
 #58

Until recently, I have always assumed that most literate people across the globe might have heard of bitcoin by now. But to my surprise, I attended a workshop recently that involved mostly the youth under the age of 30 years, I decided to do a quick survey as to whether they knew about bitcoin and to my surprise, only 3 of the 10 people that I queried had a fair knowledge on bitcoin.

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October 07, 2019, 11:24:58 PM
 #59

Bitcoin has come along way we have seen massive adoption and so many videos, news, and articles about websites and many people have invested and are now using Bitcoin do you think after ten years majority of people around the world have heard or read Bitcoin one time or another?

People surely have heard about Bitcoin and other Cryptocurrency. The only problem is, it didnt caught their attention ( base on my observation here in my place ).
With the continued rise of Bitcoin, people have turned their head once again to the technology they've once ignored.
Videos, news, and articles isnt enough for mass adoption. We need merchants and other service providers to accept Bitcoin as a mod of payment. In that way, people would have their second thought on why Bitcoin has a market value.
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October 07, 2019, 11:59:18 PM
 #60

Until recently, I have always assumed that most literate people across the globe might have heard of bitcoin by now. But to my surprise, I attended a workshop recently that involved mostly the youth under the age of 30 years, I decided to do a quick survey as to whether they knew about bitcoin and to my surprise, only 3 of the 10 people that I queried had a fair knowledge on bitcoin.

Bitcoin is not that popular yet even to those age of 30 below. Only the people that are interested in it are the ones looking for some investments for their future or knows the potential of blockchain technology. I am one of those 30 below but I am earning bitcoin any way I can for my better future.
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