People still don't know about Bitcoin

[blackened515]

There used to be a lot of people who didn't know bitcoin. But since the 2021 bullrun, many people are already familiar with bitcoin. But still many people are still not aware of the technology that is in bitcoin. They just think of bitcoin as gambling. I'm sure they will all understand.

Many people still believes bitcoin is scam. While Some just know the name "Bitcoin",  but don't know how it works and the benefits of investing in it. The Bullrun in early 2021 contributed to the popularity of Bitcoin. Bitcoin price rises to around $63k in April 2021. And I see the drop in price of Bitcoin now as an opportunity to invest more in Bitcoin, because it will surely rise. However, Bitcoin is getting popular everyday. With Time, more people will see and understand Bitcoin.

[worldofcoins]

With those little steps, those people that think bitcoin is only for gambling, they will eventually understand that it can be used for almost every purchase and transaction, the same as fiat.

Yes, it can but most of the time people have a hard time believe something else other than what they heard about something the very first time.
I don't think that people who think Bitcoin is only worthy of being Gambled away will believe anything else unless their thought process is changed by some backed up practicality and they're open minded to perceive what's information being given to them but that doesn't work with everyone, Most rely on true and tried methods and can't use imagination.

[velosepur]

We cant say bitcoin is something new but for some areas and parts of world it is. There is no internet always, no proper news and education about crypto and main facts. Unfortunately many people have existential problems-food, wather or place to live. We dont think about it often. On the other side lack of knowlege is big risk and danger for newbies who want to invest.

Bitcoin was released 12 years ago, it's not exactly a new thing. But still very many people don't know about Bitcoin, maybe some people have
heard of it, but most still don't understand Bitcoin. There are still many places that do not have internet access, this is what makes many people
who ultimately do not get information about Bitcoin. Moreover, there are still many countries that reject Bitcoin, this is also a factor that makes
many people receive wrong information, because they think something the government refuses is a bad thing. It is very important for those of us
who already understand Bitcoin, help educate people around us who don't really understand Bitcoin. Little things we do by educating others
about Bitcoin, can have a big impact if done by many people.

The scope of information relies mostly with the internet and both of you are right,

Those who don't have internet are not aware with this investment currency while those who have and capable are still doubtful with
the way volatility really affecting the market. With said so, we still need to help the awareness  by sharing our knowledge that simple
act can deliver possible interest to more people around.

Most of people love to have paper money in hands and keep it in home still. We have others too , in usa or western europe who do it other way but big part of world we have many poor people without internet and no way to know about crypto, coins and other details. Bitcointalk as big forum helps to novice sure.

[temple]

There used to be a lot of people who didn't know bitcoin. But since the 2021 bullrun, many people are already familiar with bitcoin. But still many people are still not aware of the technology that is in bitcoin. They just think of bitcoin as gambling. I'm sure they will all understand.

It's true that in my country there are still many who don't understand bitcoin.. However, this year there have been many important people such as artists, youtubers, or other celebgrams who already understand a little about bitcoin. Because they are more or less ordinary people also know bitcoin even though they don't know it fully.

Of those you mentioned, let's be honest here many of them jumped onto the bandwagon because they realized there is money to be made, especially when you got some reach on social media like Instagram. Some of them even launched their own coin, but seriously why would you entrust your money with a person that usually posts half naked pics on Instagram? ... For them it is not about spreading the word because they understand decentralization, it is about spreading the word because at the end of their promotion you'll get a code that you should use to buy crypto in order to make them rich.

[raisajahan]

Crypto market is one of the best growing investment platform in the world where bitcoin is the best crypto currency among the crypto market. So it should be known to all people who are known to crypto market. Without having internet how will people known to bitcoin because bitcoin is the internet base crypto currency. So there are many people who don't have scope to operate internet they are unknown to the bitcoin naturally. So its nothing matter for bitcoin also crypto market because vast smart people in the globe have already involved in the crypto market.

[checkmatesir]

This is due to the two facts people don't know about it because due to our government . Because government in most of the countries don't tell the people about bitcoin and don't want to do work in a way it should be. And another one is our education system doesn't tell about this that's why most of the people are unaware about bitcoin.

[finaleshot2016]

There used to be a lot of people who didn't know bitcoin. But since the 2021 bullrun, many people are already familiar with bitcoin. But still many people are still not aware of the technology that is in bitcoin. They just think of bitcoin as gambling. I'm sure they will all understand.

It's true that in my country there are still many who don't understand bitcoin.. However, this year there have been many important people such as artists, youtubers, or other celebgrams who already understand a little about bitcoin. Because they are more or less ordinary people also know bitcoin even though they don't know it fully.

Of those you mentioned, let's be honest here many of them jumped onto the bandwagon because they realized there is money to be made, especially when you got some reach on social media like Instagram. Some of them even launched their own coin, but seriously why would you entrust your money with a person that usually posts half naked pics on Instagram? ... For them it is not about spreading the word because they understand decentralization, it is about spreading the word because at the end of their promotion you'll get a code that you should use to buy crypto in order to make them rich.

I believe that the majority of folks who invested in cryptocurrency were just intrigued and wanted to take advantage of the potential to make money by investing. If no one is seeking to enter the market, the market will remain stable, with only a modest proportion of 24 hour gain/loss. So I don't think that jumping on the crypto bandwagon is a terrible thing; it helps the community expand, and most of us will profit if we enter and exit at the proper times, It's fine to go FOMO with good research. On the other hand, if you don't do any research, you'll be in big trouble. You shouldn't enter if it's merely a very shitcoin that'll probably rug pull soon or devs will leave after gaining.

[randegibran]

there.are so many ordinary people who do not understand the real world of bitcoin, but they only hear it.through the people around them.or they browse it.on the internet, but they have absolutely.no idea.how the real bitcoin business process.is, but if.they want to learn more then we will try to provide a detailed.explanation to study.bitcoin more deeply.to those who don't know it.yet, so that it.doesn't become.a negative.opinion of bitcoin in the eyes of the public

[Charot12345]

In here, the majority of people don't have any idea about it. Some people knows but they have bad impression on it, a scam or something.
Bitcoin is really good and will soon be adopted by many. All we need is support from anyone who has a wide knowledge about it to make us understand how it works, what its advantages, good side sides and profit that they can have. And also make us understand it's risk and other disadvantages, by having a seminar or education. A social media can also be used to explain it. By having famous influencer to attract people and be interested on it.
Because if they can't understand it, how they can use and adapt it.
 

[Hughes_Ryan]

Most of the people who know about bitcoin are young people who are passionate about new technology, while old people have very little understanding of the bitcoin market, many people think bitcoin is a scam because they heard incorrect information.  actually bitcoin market is still new so i think bitcoin will be more popular soon for everyone in the world.

[dupee419]

This post has been up for almost 6 months, the biggest problem here is that no matter how big technology is, a huge number of the population (of the world) isn't capable of learning or able to learn about Bitcoin or cryptocurrency, some numbers are the people who are not familiar with technology, people who are too old for this, and people who are too stubborn to learn anything new about the future, and that is why it is impossible for everyone to know about Bitcoin, unless if it's us who are old, maybe in the next 50 or 60 years I guess.

[blackened515]

This post has been up for almost 6 months, the biggest problem here is that no matter how big technology is, a huge number of the population (of the world) isn't capable of learning or able to learn about Bitcoin or cryptocurrency, some numbers are the people who are not familiar with technology, people who are too old for this, and people who are too stubborn to learn anything new about the future, and that is why it is impossible for everyone to know about Bitcoin, unless if it's us who are old, maybe in the next 50 or 60 years I guess.

I know many people who thinks Bitcoin is scam. They don't believe in Cryptocurrencies and they don't even want to learn how it operates. Bitcoin is gaining popularity everyday, but I don't understand why some people don't still know about it. Although, many people are seeking for someone to coach them about the Crypto world and how it works.

[Lanatsa]

This post has been up for almost 6 months, the biggest problem here is that no matter how big technology is, a huge number of the population (of the world) isn't capable of learning or able to learn about Bitcoin or cryptocurrency, some numbers are the people who are not familiar with technology, people who are too old for this, and people who are too stubborn to learn anything new about the future, and that is why it is impossible for everyone to know about Bitcoin, unless if it's us who are old, maybe in the next 50 or 60 years I guess.

Simply means that there still a big room for adoption and its true that there are parts of the world which people doesn't able to hear or know bitcoins existence and if they do then expect there might

be some influx of users that would jump in into this market.Adoption is on the move and as the years would pass then expect that numbers or the community would even go bigger and bigger as we go ahead.

Lets not just rush things up because we would really be heading there.Even though we wont really make it as a mainstream thing but at least we are seeing some progress.

[Qikiye]

Most of the people I my country don't have enough ideas about bitcoin and virtual cryptocurrency because most of the people here living below poverty line and they don't have enough knowledge about internet and cryptocurrencies. A few amount of people here know something about cryptocurrencies and few people know Bitcoin as a illegal source.

[NicNacCoin]

Most of the people I my country don't have enough ideas about bitcoin and virtual cryptocurrency because most of the people here living below poverty line and they don't have enough knowledge about internet and cryptocurrencies. A few amount of people here know something about cryptocurrencies and few people know Bitcoin as a illegal source.

Not only your country's people guys my Bangladeshi people don't know anything about Bitcoin and they always spreading negative news about cryptocurrencies and it's uses. I am sure Bitcoin never legalize in my country.

[n0ne]

If it has got some physical appearance same as the fiat now majority of the population would've known about bitcoin and other cryptocurrencies. Even now there are people who don't believe bitcoin just because it doesn't have any physical state to feel. The technology wise knowledged people are much into cryptocurrency and this has to reach all levels of people.

[Brendanaltmoon]

Having a look at the comment, it seems everyone is facing the same situation. If people don't know about BTC, who are these guys trading BTC causing deep and bounce? Lol! Anyway, I would rate my country lower than yours in bitcoin awareness matter.

Based on my personal experience. When I started off in the crypto space, I immediately engaged in leverage. Leverage did do me well in the early stage of trading. I was riding the uptrend, which mean all green in my portfolio. Things started to crumble when big drops came. I came to a point where I was already gambling. I started from 2X leverage until I was using x25 to x50. I ended up losing pretty much all of my crypto investments. It took me a long time to get back on my feet. I joined a few cypto community and learned that I was not alone. I've seen SO MUCH people who were in the same situation.

Going back to the topic, I believe this is a major deal on why big drops happen. A big chunk of new investors and very new in crypto and in trading in general.

Lesson learned, I am no longer using Leverage on the platforms I use.

No expert here. Just a regular guy.

Thanks

[Charot12345]

Yes, it was not something new. Not everyone knows bitcoin. There are people who don't have an access on internet. Also not all people are open minded to accept the changes and modernization, and that people can never learn what it is that can make them stop spreading information or news about bitcoin.And also bitcoin was not a subject in school that can help educate others about bitcoin instead you really need to do the research about it if you really want to understand it.
And also there are countries that ban.

[Kayum10029]

Most people in my country are ignorant and little educated.Most of them live in villages and villagers are reluctant to learn about modern world civilization.They think that online currency other than paper money is nothing but a hoax.They still fill the quota with money and keep it buried under the bed.

[geegaw]

Most people in my country are ignorant and little educated.Most of them live in villages and villagers are reluctant to learn about modern world civilization.They think that online currency other than paper money is nothing but a hoax.They still fill the quota with money and keep it buried under the bed.

Don't blame me for saying too much, you should stop your grudge against the people living in the villages in your country, they are not receptive and not oriented towards creativity maybe their conservative but if they have guaranteed a life filled with satisfaction and no more asking, you should also accept their way of thinking. Not knowing about bitcoin can not be considered a sin, obsolescence will sometimes be a gift to reduce thoughts and calculations, sometimes knowing about bitcoin will no longer be comfortable and in return for work fatigue and burnout