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Author Topic: A lot of Americans still don't know what Bitcoin is  (Read 1135 times)
pawanjain
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June 28, 2020, 01:58:54 PM
 #21

I had two clients from America I want offer graphics designing jobs for, I demanded my payment would be in BitcoinBTC or Ethereum. To my greatest dismay, they were dumfounded on what Bitcoin or Ethereum is. I am still suprised up to this very moment. Cheesy Roll Eyes
There's nothing to be surprised of because there are still many people out there who don't know what bitcoin is and there's a bigger population who knows what bitcoin is but have never used it before because of their reasons.
But at the same time there are also people who accepts BTC as payment for designing and development stuff.
There are both kinds of people around the world.
What you can do is try to convince them to pay in bitcoin while educating them on how to use it.

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June 28, 2020, 02:15:21 PM
 #22

Quote
Largest Bitcoin Ownership Survey Reveals 6.2% of Americans Own Bitcoin, While 7.3% are Planning to Buy Some. NEW YORK, Oct. 1, 2019 /PRNewswire/ -- A new survey of 5,000 Americans between the ages of 18 and 65+ reveals the American population's position when it comes to Bitcoin ownership

Check these out op:

https://www.google.com/amp/s/www.coindesk.com/survey-nearly-80-of-americans-have-heard-of-bitcoin%3famp=1
https://www.google.com/amp/s/cointelegraph.com/news/93-of-brits-have-heard-of-bitcoin-but-only-4-have-bought-it-survey-shows/amp

These surveys are just a couple of examples to prove that most of the world has heard of BTC, but very few invested in it which is why adoption rates are low currently.

This happens when you believe all the so-called studies and polls made by companies that deal with crypto. Ever wondered how a poll on drinking coffee would look if it was made by Starbucks or by Dilmah ?
All those numbers with 10% 20% of the population owning crypto...don't they sound strange to you? Look close to you, to your family, to your friends, to your co-workers, do the figures stand up?

I've continuously said that a lot of you a biased view on the rest of the world perception and adoption of BTC, it's like a gamer that plays 18/7 WoW and suddenly when he is at a table with some different friends is amazed not everybody is playing that game and nobody at that table knows what the game is about.

You've found two Americans that don't know or don't want to deal with BTC, search better you're going to find a thousand, and it's not just Americans, Spanish, Polish, Italians, Russians, Thai or Brazilians there are millions who haven't heard of it out there. Ther are just 22m addresses with a balance over 1$ in the chain, 0.3% of the world if it would be one address per person..although I own 11 of those..
Make that 3 per person and it means only 1 in a thousand people own some dust.

Nothing to be surprised, it's reality!


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June 28, 2020, 02:23:30 PM
 #23

I had two clients from America I want offer graphics designing jobs for, I demanded my payment would be in BitcoinBTC or Ethereum. To my greatest dismay, they were dumfounded on what Bitcoin or Ethereum is. I am still suprised up to this very moment. Cheesy Roll Eyes

The world is filled with ignorants who prefer to live in their own "cozy" worlds, but when something happens with the "system" it is never their fault.
This just shows how much more exposure can cryptocurrencies gain - the average joe doesn't know what Bitcoin is, not even talking about using it. Anyway - you can get that payment in FIAT and DUMP it like a boss for some precious crypto. Wink
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June 28, 2020, 02:25:51 PM
 #24

There is nothing to be surprised. Still there are a lot of people around the world even did not hear about Bitcoin and American people are no different of course. Even those who heard about bitcoin to them it's a scheme or something which will pop up soon.

We are sill in the early stage of bitcoins.
People always listens to their government and whatever it says they think that it is right and only a few question the government. The same is with bitcoins, government is on its propaganda to stop the usage of bitcoins so it is campaigning against the acceptance of bitcoins and people are also believing the government but only a few like us knows the truth that how bitcoins is revolutionising the payment systems and also the currency as we know it.

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June 28, 2020, 02:37:05 PM
 #25

There is nothing to be surprised. Still there are a lot of people around the world even did not hear about Bitcoin and American people are no different of course. Even those who heard about bitcoin to them it's a scheme or something which will pop up soon.

We are sill in the early stage of bitcoins.

It's kinda funny Bitcoin is over a decade old and yet not even half of the world has embraced it yet Grin

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June 28, 2020, 02:38:54 PM
 #26

This is not isolated case in America, in many countries in the world there are many people who still haven't heard of Bitcoin or cryptocurrencies in general. Any many of those who did don't want to use it or don't trust it.
We have global problem with awareness about Bitcoin, not only in America and it seems that problem is hard to be solved. If there is no awareness there will be no adoption too.

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June 28, 2020, 02:39:44 PM
 #27

There are still many people who really do not know bitcoin, even in America the largest number of bitcoin ATM machines in the world, still exists
people who don't know bitcoin. But this is a natural thing to happen, because bitcoin users around the world still have a small percentage. It is
also possible that the two clients from America are not active on social media, and have never entered the world of investment. So the two people
it still doesn't know about bitcoin.

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June 28, 2020, 02:47:47 PM
 #28

This is quite surprising that lot of Americans yet do know about it. Because its fine if people do not invest or trade with crypto out there. But not knowing itself is a very big thing for me to know. Because now even smaller countries which are under developed know about it though may not be all of them but still its more than a decade old bitcoin being existing.
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June 28, 2020, 02:51:59 PM
 #29

I am not surprised with that story, even though the bitcoin community is really big, there are still so many people who don't even use this kind of cryptocurrency because their government didn't allow it on their country or some people do not even explore things about cryptocurrency, there are still so many countries that do not accept the bitcoin in their country, just like in my country, our president does not allow bitcoin because of some reasons but there are still some people like me who are still using it for some online transactions, investing and trading purposes.
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June 28, 2020, 03:11:06 PM
 #30

This is sad reality, for those who are dreaming of btc taken over fiat should get ready for along dream, this just goes to show that we are very far from the dream of getting btc use by the majority, the government of each country are not helping in this situation, their constant threat to ban btc is part of the reason why many people don't embrace it, all the bad publicity surrounding btc also scare people away, this is for those who hear about it and don't want to use it because of the obvious mentioned,

The worst is for those who haven't heard of it at all even with several years of existence, it is very surprising to hear though, at least they must have come across adverts online about btc or other crypto to make them wonder. This is 21st century people.

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June 28, 2020, 03:41:43 PM
 #31

I had two clients from America I want offer graphics designing jobs for, I demanded my payment would be in BitcoinBTC or Ethereum. To my greatest dismay, they were dumfounded on what Bitcoin or Ethereum is. I am still suprised up to this very moment. Cheesy Roll Eyes

Yeah who would think as big as America and as technologically advance as they are very few people in that country knows about btc, I would think they have the largest number of people who are aware of btc but surprisingly that's not the case here, maybe they don't need btc since they are rich folks there and the government takes care of the citizens.
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June 28, 2020, 04:02:55 PM
 #32

I had two clients from America I want offer graphics designing jobs for, I demanded my payment would be in BitcoinBTC or Ethereum. To my greatest dismay, they were dumfounded on what Bitcoin or Ethereum is. I am still suprised up to this very moment. Cheesy Roll Eyes
There is nothing to be surprised about it we all have different interest and some would just ignore what other find interesting so there isn't something to be surprised when someone doesn't know about something that is in trend or popular.
Just because it is in trend or popular doesn't mean that everyone would know it , This would also apply on some great hit songs but others wouldn't know the title of the music or some great movies or series.
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June 28, 2020, 04:11:05 PM
 #33

How did you conclude that most Americans do not know Bitcoin? Is it because two customers do not know about it.
Recent reports talk about the knowledge of more than 60% of Americans with bitcoin, and confirmed that about 5% of them are ready to invest.
Adoption is created by the movement of capital heads. a single wealthy can buy what millions of investors cannot buy.
if you had three of those we will make price rise to 100000
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June 28, 2020, 08:44:36 PM
 #34

How did you conclude that most Americans do not know Bitcoin? Is it because two customers do not know about it.
Recent reports talk about the knowledge of more than 60% of Americans with bitcoin, and confirmed that about 5% of them are ready to invest.
The OP have every right to be surprised when his two customers which is from the US seems not to be aware of bitcoin because 60% of all people in the US have heard about bitcoin while 14% own bitcoin and i dont know where you get your own statistic information.

Adoption is created by the movement of capital heads. a single wealthy can buy what millions of investors cannot buy.
if you had three of those we will make price rise to 100000
I agreed with you on this one and the wealthy accumulator you mentioned are called whales and they are the major player in this current market.

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June 28, 2020, 08:50:25 PM
 #35

I had two clients from America I want offer graphics designing jobs for, I demanded my payment would be in BitcoinBTC or Ethereum. To my greatest dismay, they were dumfounded on what Bitcoin or Ethereum is. I am still suprised up to this very moment. Cheesy Roll Eyes

This might be a year old but numbers wont really be that far off into the current numbers that americans being aware on bitcoins existence.
https://cointelegraph.com/news/11-of-americans-own-bitcoin-major-awareness-increased-since-2017 When it comes to those numbers then it wont be surprising that you would really encounter those people
that who doesnt even know on what bitcoin is and considering the entire population then it isnt really that a shocking thing even here on my place with lesser entire population
but still lots doesnt even know on whats btc but somehow adoption is still on the move.

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June 28, 2020, 09:13:24 PM
 #36

You are likely to people who never heard of bitcoin before in America but that shouldnt cause worry, America still have high number of bitcoin holders in the world, is a country with wide variation of exposure, culture and information dissemination, it also has one of the largest in land area and disperse of people. American Government is conservative with bitcoin in the news and this could have negative effect in the spread.

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June 28, 2020, 09:16:16 PM
 #37

It's the same in Europe.

I was asked a few times what I do as a hobby or do I have any part time jobs and my answer was Bitcoin. Most people reacted like I was working in a ponzi scheme, some thought of me as a victim, that poor person who is being scammed and the rest had no idea what I'm talking about.

Don't be discouraged by it. Many people think stock market is a scam, but then maybe it is. Cheesy
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June 28, 2020, 09:29:13 PM
 #38

The knowledge of bitcoin isn't based on race or maybe gender; even in my country, a lot of people don't have any clue while some haven't even heard the name before. However, we must do our best to inform them.

Get a wallet and move some BTCs, here's mine: [12GZz7hegu8VCkJYHSuP3WTXg7LGXgL1vT]
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June 28, 2020, 09:56:23 PM
 #39

I had two clients from America I want offer graphics designing jobs for, I demanded my payment would be in BitcoinBTC or Ethereum. To my greatest dismay, they were dumfounded on what Bitcoin or Ethereum is. I am still suprised up to this very moment. Cheesy Roll Eyes

If this is in our country, you might not be surprised by it. My countrymen are not that familiar to technologies, even crypto currencies. The Internet is the newest thing for them and if they can access their mobile phones on the internet and surf their Facebook account, they are good. We are a third world country and I am also living in a province, I am used to it.

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June 28, 2020, 10:10:40 PM
 #40

Just Americans ? I would say that more than 80% of global people don't really know what Bitcoin is or how it works , where it comes from and what are it's goals because if someone comes to them and tries to teach them about Bitcoin, more than 70% will say that you want to scam them of money ( without even saying the investing word ) as this is what TV's , newspaper's were saying about Bitcoin in the beginning : It's used for black markets, it's the bubble of the century where you will lose money and so on, so don't judge them, just give them time and make them curious to discover the Blockchain by themselves.

Personally the youths are reacting so well to Bitcoin and no wonder why because most of them are coders, devs or even working in IT or doing financial or economy studies or simply are not afraid of new currencies/assets.

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