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Author Topic: A lot of Americans still don't know what Bitcoin is  (Read 1131 times)
Josefjix (OP)
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June 28, 2020, 10:12:36 AM
 #1

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

R


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June 28, 2020, 10:16:06 AM
 #2

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.

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Josefjix (OP)
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June 28, 2020, 10:20:20 AM
 #3

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.

I am more surprised because as big as America is; they have some of the biggest channels which information is passed through across the world. A simple Google check up of what Bitcoin is wouldn't cost a thing.

We are still in the early stage of Bitcoin

I think I have to go with this.

R


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June 28, 2020, 10:21:23 AM
 #4

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.

Up until now, people who are into crypto is a very small percentage among global population. So yes, it's not really surprising even if we are already in the digital age. Maybe a lot of them have heard bitcoin, but I don't think ethereum will be familiar to them. The thing is, even if they heard about bitcoin, they don't even know where to start, or how to deal with it. But if big companies will start to accept bitcoin and other alts as payment method, maybe it will start the adoption stage to the masses or regular online shoppers.
Josefjix (OP)
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June 28, 2020, 10:30:26 AM
 #5

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.

Up until now, people who are into crypto is a very small percentage among global population. So yes, it's not really surprising even if we are already in the digital age. Maybe a lot of them have heard bitcoin, but I don't think ethereum will be familiar to them. The thing is, even if they heard about bitcoin, they don't even know where to start, or how to deal with it. But if big companies will start to accept bitcoin and other alts as payment method, maybe it will start the adoption stage to the masses or regular online shoppers.

They night have heard about Bitcoin bit Ethereum isn't very likely and certain.

I read here: https://www.google.com/amp/s/paybis.com/blog/companies-that-accept-bitcoin/amp/ some companies are accepting Bitcoin as a tool of payment.

R


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June 28, 2020, 10:40:02 AM
 #6

It's understandable as many business men still not open or interested in new adaptions or scared to try new innovations as it may lead to scam, they probably knew it but not really interested to use it. Here in my country only see Bitcoin before as a form of scam as some people use it in negative way for their advantage like in pyramid schemes but since many companies and some banks were willing to accept or use crypto in banking then people mindset were changing mostly for millenials but not in some oldies whose already contented in using the traditional system.

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June 28, 2020, 10:43:35 AM
 #7

Some of them might not read any financial news, subscribed to tech podcast, or interact with any crypto-related business so I'm not that surprised. It's not like crypto is a major payment tool either. Merchant are different of course because they need to interact with a lot of users and some of them might prefer crypto, while the other couldn't care less about it.

For example, I don't use any social media, and spend most of my time doing my job which does not involve any follow-up to the recent headline. If you talk to me about something trending on Twitter for example, I wouldn't now at all.

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June 28, 2020, 10:51:28 AM
 #8

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
Even in any other countries there  are people who don have any idea of what is bitcoin is in how to use it, since you give them a choice to receive your payment as crypto I am sure they will also look and search about bitcoin since they will became confused how that things works after you mention it to them .
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June 28, 2020, 11:05:38 AM
 #9

Not everyone knows bitcoin because of different work backgrounds, even people in international countries or maybe you don't deal with people from the crypto community or have a history of cryptocurrency users. To me, that is not surprising because they will easily adapt to cryptocurrency users if they want to.
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June 28, 2020, 11:19:41 AM
 #10

A lot of Americans think that chocolate milk comes from Brown cows
If you find one who does not know what is Bitcoins and other cryptocurrencies then I do think thats completely a safe bet , you can tell the person about it and explain how it works , if they own any small businesses they can might as well think about adding Bitcoins and etherum in their payment options.
It's not just America , not most people watch news nor are they active regarding what's going on in the world , therefore I do think you can try and make that a habit. Try asking people if you can pay in Bitcoins ?
This way they will at least search after you are gone that what the hell was that 😂. Maybe 30-40% not everyone. But still you will be indirectly able to help the community grow as a whole.


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

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June 28, 2020, 11:25:22 AM
 #11

this is not only in America but in any part of the world.
I have seen a lot of people be "aware" of the terms bitcoin but they totally ignore how it works and why there is a big hype behind.
Due the media campaign related illicit shops and hidden payments a lot of people think that all cryptos are used only for illegal purposes.
Moreover no one is already understanding why there is so interest in this technology.
Because first of all, before talking about the value people should be focused in TECHNOLOGY! After this there is a value...

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June 28, 2020, 11:29:46 AM
 #12

Actually, it's not that surprising. I don't expect that majority of them already know about Bitcoin. Even if Bitcoin is starting to gain attention in some Americans, it doesn't mean that most people you will encounter already have an idea of what it is. The percentage of the recognition of Bitcoin is still lesser compared to the whole population in America.

We should not expect much nor rush things when it comes to bitcoin and crypto adoption because we are still at the beginning of it. If that already surprised you, what more in other countries? But I think, asking them for crypto payments can be a contribution since they might consider looking about bitcoin and ethereum.
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June 28, 2020, 11:45:48 AM
 #13

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.

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June 28, 2020, 11:50:40 AM
 #14

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.

Up until now, people who are into crypto is a very small percentage among global population. So yes, it's not really surprising even if we are already in the digital age. Maybe a lot of them have heard bitcoin, but I don't think ethereum will be familiar to them. The thing is, even if they heard about bitcoin, they don't even know where to start, or how to deal with it.
Or maybe they already heard about it but didn't try to look forward to it or they are not interested at all, coz even if we adopt bitcoin to a new level there would be more people that will use fiat and other payment method than cryptocurrency. The crypto community now is in its biggest since the beginning, but it does not mean that the world already has it. It is global, yes, but not everyone knows about it. However when you tell someone or said the word crypto they will mostly think of the bitcoin. If someone really wants to know it, they would not mind searching to it.

But if big companies will start to accept bitcoin and other alts as payment method, maybe it will start the adoption stage to the masses or regular online shoppers.
As far as I know there are already companies who are trying to adopt it, the most recent rumor is with Paypal and Venmo, I honestly think they could really help crypto to grow.

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20kevin20
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June 28, 2020, 11:54:06 AM
 #15

Even if you heard of it, it doesn't mean you understand it. A lot of people "buy BTC" on centralized platforms just for the profit, without having a single idea about the actual aspects of the coin.

I noticed a change in the circle of friends I hang around with - it was usually me talking about Bitcoin whenever we met; now, to my surprise, it's them starting the subject first. Friends that I haven't spoken with for a long time now even own some coins themselves. Although your customers might've not had a single clue, chances are a few months later they'll be BTC owners too! Smiley
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June 28, 2020, 12:51:18 PM
 #16

Why would it be weird that most people no matter where they live don’t know what Bitcoin is? People have no idea about some of the most basic things, like who their current president is or where a very famous country is on the world map. And those optimistic surveys stretch the number of those who own and use Bitcoin to as much as 1% of the world's population, which is actually fewer people than the population of Germany or almost 5 times less than the population of the USA.

It's not just Americans, stop 100 people anywhere in the world and ask them to explain to you in layman's terms what Bitcoin is - at least 95% won't say anything or will give a completely meaningless answer. I would mostly blame the media for that, but most of them are just a tool of big capital that wants to shape the world according to their wishes. Today, the USA has 4 or 5 large media corporations that occupy 99% of the media market, and the media are a very powerful weapon.

People who are poorly educated, who are constantly exposed to misinformation and are constantly afraid of something are a very grateful audience that can be manipulated in all possible ways, as much as necessary.

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June 28, 2020, 01:05:36 PM
 #17

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
I won't be surprised if an American or even any country citizen didn't know about bitcoin. I don't know the updated exact population of the bitcoin users on each country and the only thing I know is not everyone is well informed or it is the first time they hear the word 'bitcoin' from you.

as BitcoinGirl.Club said
We are sill in the early stage of bitcoins.
I can agree with this, Knowing that some companies are still adopting bitcoin on their own and many bitcoin users are pushing bitcoin as their main currency for transactions.
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June 28, 2020, 01:12:32 PM
 #18

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

It's not surprising if your client is old school guy since for sure he didn't know about it, bitcoin has not been advertise and no big adoption has coming up yet.

But it's a good opportunity to help bitcoin to widen the market and introduced it to your boss and make him understand on what is the use as well on how he can earn a benefits from it.

Don't get dismay is bitcoin still unknown since it's pretty normal.

R


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June 28, 2020, 01:24:00 PM
 #19

I wouldn't suprised if someone don't know bitcoin or crypto-currency either from USA or from my own country. Perhaps still no one introduced bitcoin to them. I had watched a TV news report from my country where even educated students from university don't know about bitcoin even they hadn't heard this name. Reason is very simple as I said above. But when you asked your clients to pay with bitcoin then most likely they will research about it and we can say it's one kind of adoption. Wherever we worked we might share about bitcoin with our nearest friends and clients. So we will see more adoption into bitcoin. Rather than laugh to them better to explain briefly about bitcoin and that's how we could keep out role on bitcoin promotion.

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June 28, 2020, 01:32:22 PM
 #20

They have some of the early crypto exchange which is the coinbase and America is known to be one of the country with quick explore of latest technologies. I wont believe many of them still don't know what bitcoin is. Maybe probably you have met one of the few people that knows about bitcoin
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