People still don't know about Bitcoin

[josepaez]

Even though BTC and custom cryptocurrencies have been existing for a long time, there are still people who don't know because that's what they have chosen. Many don't even know that BTC itself isn't "money" but an asset with monetary value. Time will say if people will open their minds and start knowing more about this great technology and "money" which is already a great part in our lives.

[Ladyvirgo]

   Bitcoin is a modern technology that is new and not yet known to the majority.And it needs to focus time to time to fully get to known the field of technology of the majority and reach people and soon even the farthest place will begin to acceot bitcoin.And they will known the importance of bitcoin.

[jademaxsuy]

Because they are not open minded and that bitcoin is still.new not like gold which has been there for ages. Anyway, since we are in the new or modern days with new technology it might be interesting for the new generation to own an asset like bitcoin with a unique value. It is a matter of time where people can learn about bitcoin because it is an optional or needed like for example when bitcoin will become part or option for payment which one could need to learn about bitcoin and bitcoin transaction.

[Sirait]

In this digital world, we need digital things. In our society there is a number of people are unknown to bitcoin. They have to learn more about internet, blockchain and bitcoin. We should teach them about bitcoin.

^ we are just wasting our time teaching the public about Bitcoin, it's better if they are alone to find out about Bitcoin when they want to. we are faced with public who do not want to know about technology and think pessimistic about new things.

[sort_cirkit]

There are many underdeveloped countries where bitcoin is banned. As a result, people there don't know what bitcoin is. There are some developed countries where they are busy with Facebook and Twitter. They may not have heard of Bitcoin. There are also problems in developed countries. Those who know do not persuade others to reveal it.

They ask what is this?

The question is constantly revolving everywhere, always, in all environments.

[bitbunnny]

In our country as well is having the same thought as your country as well, there only few people who has a knowledge about bitcoin because I think for them cryptocurrencies are not part of mainstream transaction and also our country is somehow left behind with regards to innovations and online technology that is why people here dont know the importance and benefits of bitcoin and other cryptos.

I think that is the case in most countries. Majority of people are still not familiar with Bitcoin or crypto in general, there is not enough knowledge and awareness. I"ve read somewhere that only about 2 million people in the world is using cryptocurrencies and that is really small number havimg in mind overall population. So, maybe we here in forum have the feeling that Bitcoin is something normal, familiar to everyone but that is not the case and for a long period of time it will not be.

[Noctis Connor]

Don't Rush them Mate,instead Help them Know and find Bitcoin in your own special way,Because ordinary people Knows nothing about this or if they had sometimes it is Negative site.

It is our Part to let them know that this is circulating and with a Good promise of convenience Payment method.
They might not know this today but with your help they become investor tomorrow.

Its true don't rush people to use bitcoin instantly without any knowledge because when they lose some money from bitcoin they will think that bitcoin is scam , nowadays many ponzi scheme are open from internet where promising people to double their money by investment big money nor small money, People should take a part of learning from the basic and learn from step by step not just they already heard from it they can easily use it.

Yes they are the future of new investors however are they willing to take the risk? We are now in the future of bitcoin digital currency where people can easily transact money all over the world easily.

[ShowOff]

Among the 10 people I ask about bitcoin in my real community especially in my work environment, no one knows what bitcoin is. I took the initiative to tell them what bitcoin actually is, but since they are still quite confused about what bitcoin is, I can only tell them about bitcoin in general.

Frankly, there are some of them who are interested in knowing the use of bitcoin because it can be traded, but because they still don't know much about trading, I stopped a little and asked them to understand bitcoin first before they started their activities as a trader.

The conclusion is, there are still too many people in society in various countries who don't know about bitcoin and other cryptocurrencies. This will be the reason why bitcoin cant be adopted globally as a mean of payment so that it will inhibit bitcoin adoption rate. Even so, I believe people will find out about bitcoin sooner or later.

[TedMosby]

If top tier countries still facing this problem, you can imagine how most of the people in a third wolrd country like indonesia have no idea what is bitcoin. Internet means facebook, instagram, tiktok, and youtube here.
They think bitcoin is like a cheap trash, that we can collect by spamming other people with invite code 

IMO, the best way to introduce bitcoin is to make it featured/attached on a popular thing first.
I wonder if bitcoin can be introduced by featuring it on a popular series like Startup. It is popular among teenagers and adult in here. it’s also relateable. 

[catur123]

Perhaps it is not surprising that there are still many people who are not familiar with Bitcoin.
Because little news about Bitcoin on social media and local news.
Therefore it takes a lot of promotion on social media and local news.

[Zanab247]

Here are some of the things that make people not to know bitcoin:
1) Lack of research: many people are very lazy to make use of internet to really know what bitcoin is all about,and how people can use it to develop their country.
2) illegalize: many citizens don't know bitcoin Because the digital currency does not legalized in their country, that make them not to have any idea on bitcoin.
3)Scam: many people still think bitcoin is a scam currency that can reduce someone wealth to zero level in their Investment.

[oktana]

I don't know what country you're from but, I think it's somewhat difficult to see someone who knows bitcoin when you're offline. But when online, you will find people from your country who has interest in it and also knows it. I don't see people when I go out my house. But only, there are a lot of people.

[Searing]

I don't know what country you're from but, I think it's somewhat difficult to see someone who knows bitcoin when you're offline. But when online, you will find people from your country who has interest in it and also knows it. I don't see people when I go out my house. But only, there are a lot of people.

This is not quite true, everyone I know is talking about it and know that I've been into Bitcoin/Crypto from way back when in 2013.

BUT..they all say that for the most part, I quote: "We missed the boat".

I  TRY to tell them that even a 'little' dust now has a pretty good chance of being much, much greater in 5 to 10 years from now.

What if they invested say $100 say...that could be 10x or 100x, IF, Bitcoin as the Bitcoin Twins state...it 'replaces gold' (I frigging hope so!)

https://cointelegraph.com/news/bitcoin-s-market-cap-will-flip-gold-winklevoss-twins

So for little risk and high reward, 'why not'...assuming you go full HODL mode for the hell of it? Sell stuff you don't need on eBay, buy 'dust BTC' rinse/wash/repeat and HODL!

I know people for 'years' have talked about this guy below on CNBC.

https://cointelegraph.com/news/mike-novogratz-has-50-of-net-worth-in-crypto-advocates-up-to-5-for-investors

as he states...if you can 'afford' it ... it makes sense...and BTC will never go to zero again.

But if some of the things being said of $200,000 Bitcoin in say 5 years a $1,000 investment would be $20,000 then. So why not clean

the 'attic' out, sell some clutter on eBay with the pandemic and boredom and all..just in case?

But alas, I'm 'zero out of around 10 folks on this' (if you count the ONE almost like an adopted niece.that put $50 in PayPal into BTC) sigh

Somehow, now, years past since 2013-2016 say, when I tried to get people into this, they claim I never pushed them enough

I 'try' to point out I can really only 'nudge' friends and family in this kinda thing, but I think they feel I should have sat on them to make

them buy back in the day. So taking that in stride I now try to get them into BTC/Crypto via (i mean frigging easy) PayPal or Coinbase

and it feels pushy....so again they comment on my good fortune..but can't for the life of them see that Bitcoin being Bitcoin STILL

may pull its same stunts and go up 8x,16x, or whatever in the next 5-10 years.

I'm not sure even 'filming' them with my cell phone would convince their future selves that I tried hard enough.

So it goes, but I thought I'd as least get 'some' more traction the 2nd time around, but seems not to be so.

Brad

[LittleBitFunny]

Most of the people in the world stay away from the touch of current technology. A handful of people are accustomed to using technology properly. So even though most people know about Bitcoin, they don't know about its proper use. But now as the adoption of Bitcoin is increasing in different countries, people will soon learn more about Bitcoin and its use will also increase.

[samputin]

Most of the people in the world stay away from the touch of current technology. A handful of people are accustomed to using technology properly. So even though most people know about Bitcoin, they don't know about its proper use. But now as the adoption of Bitcoin is increasing in different countries, people will soon learn more about Bitcoin and its use will also increase.

I see your point here. Some people just like to remain in their comfort zones and when talking about the financial aspect, their comfort zone is the conventional paper currency. They do not want to explore more and try other things like bitcoin. Maybe they know about it but they feel like it's too complicated for them that's why they just settle on what's convenient for them. Well, we cannot please everyone you know. We cannot push someone to use bitcoin just because we are using it. They still have their free will. What we can do now is to be living proofs that bitcoin shows a lot of potential and we already benefitted from it.

[adzino]

There are many people who still don't know about bitcoin or other cryptocurrencies. I don't know about others I am talking about my country and about my society. Whenever I ask from people about or talk about the Bitcoin. They ask what is this?

How much there is who face this problem?

Not surprised at all. Blockchain is a new technology and still in its infant stage. Most people aren't interested in "new technologies" until it goes main stream. Some of them might heard of it, but didn't pay much attention to it. Others think its a scam and eventually forget about it. At least over here, most of the people know what bitcoin is since there are bitcoin ATMs in most of the downtown areas, and people are curious as to what it is and eventually learns about it.

[Kasabus]

Most of the people in the world stay away from the touch of current technology. A handful of people are accustomed to using technology properly. So even though most people know about Bitcoin, they don't know about its proper use. But now as the adoption of Bitcoin is increasing in different countries, people will soon learn more about Bitcoin and its use will also increase.

Yes. Since internet is worlwide, i assumed that most of the people have heard about bitcoin already but never been aware about it's true usage and its advantages. And the fact that bitcoin is not adopted mostly in any government, then people are not force to know it and definitely its value. But with big companies that are into bitcoin right now, we will not be surprised if one day bitcoin will be a global currency as what its suppose to be use and not just as a pure investment only.

[royalfestus]

I usually want to ask which country the OP with such challenge comes from.

 With reference to Willy woo.
The growth rate of bitcoin was not affected by the covid 19 pandemic and prediction expect a larger adoption next year. The space is still growing with the help of internet and with time everyone will be reached.

unique KYC-verified exchange accounts in Sep 2020 (1.3% of the world), the growth rate of 2.2x per year puts us beyond 2.9% next year

[Lordhermes]

1: Government : First of all government dosen't tell about this technology to their people. That is why lots of people dosen't know about this.

In my country, the banks frown against bitcoin and cryptocurrency at large every  bitcoin or cryptocurrency transactions is at the owner's risk if you got scammed the bank won't listen to you.

The government try as much as possible to keep crypto world hidden from the masses cause this is where they hide their loots without any trace.

[matchi2011]

Most of the people in the world stay away from the touch of current technology. A handful of people are accustomed to using technology properly. So even though most people know about Bitcoin, they don't know about its proper use. But now as the adoption of Bitcoin is increasing in different countries, people will soon learn more about Bitcoin and its use will also increase.

I see your point here. Some people just like to remain in their comfort zones and when talking about the financial aspect, their comfort zone is the conventional paper currency. They do not want to explore more and try other things like bitcoin. Maybe they know about it but they feel like it's too complicated for them that's why they just settle on what's convenient for them. Well, we cannot please everyone you know. We cannot push someone to use bitcoin just because we are using it. They still have their free will. What we can do now is to be living proofs that bitcoin shows a lot of potential and we already benefitted from it.

Most of them just simply ignore things that they don't understand, they are afraid of something that they don't even started to learn.
Like what you've said they will remain from their comfort  zone.

So even they've heard about it, knowing it for real or in a much deeper meaning will not interest them. They will continue using what
they know is already enough for them.