Trust in cryptocurrency?

[bounceback]

-snip-
We are living in a world of big changes in every aspect of life. But do you think it will be time when cryptocurrency will come into our lives and be normal for all people? Will people be able to trust crypto?

I'm wondering what your opinion is about this.

The presence of Cryptocurrency has changed people's view of finance so that over time it is likely that Cryptocurrency will become part of many people's lives, but so far bitcoin is the only Cryptocurrency that we can trust besides that most of it is fraud so be wise when you want to choose a coin to be used as a investment assets because not all of them are reliable, in the future Cryptocurrency will have a big impact on the world economy which can save people from recession.

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[mv1986]

We are living in a world of big changes in every aspect of life. But do you think it will be time when cryptocurrency will come into our lives and be normal for all people? Will people be able to trust crypto?

I'm wondering what your opinion is about this.

There is no doubt that very few people know about cryptocurrencies and there is hardly any discussion about cryptocurrencies or Bitcoin in daily life.  Buying and selling of land and Gold 🪙 has been a part of our life since the beginning. And older people trust it a lot. But Bitcoin or Cryptocurrency is also slowly coming to the knowledge of people and whoever knows about Bitcoin or Cryptocurrency.  Then everyone thinks how good it would have been if they had known about Bitcoin earlier. Surely Bitcoin and cryptocurrency will be the best investment source in our future ,However, about digital currency.  No adequate effort has yet been made for complete awareness. There is an urgent need to think about it.In this way, people will be attracted to bitcoin and crypto and their belief in crypto currency and bitcoin will become stronger.

It fully depends on where you are located or live. There are some areas in the world and also age groups that simply know less about cryptocurrencies in general and Bitcoin in specific. However, media outlets do talk about Bitcoin in many places of the world, but it also clearly depends on public interest. As we know public interest or awareness is raised when either something really bad happens or when  someone flies towards the moon with a rocket and jumps out of it in a space suit wearing the Red Bull logo. Whenever Bitcoin is stable and moving sidewards, you hardly read or hear anything about it in pubic media. But when Bitcoin goes nuts either way, the media is jumping on it and cannibalize on the topic in the most amateurish ways possible. It almost hurts to read and listen to what media outlets not educated on the topic talk about Bitcoin.

[justdimin]

It fully depends on where you are located or live. There are some areas in the world and also age groups that simply know less about cryptocurrencies in general and Bitcoin in specific. However, media outlets do talk about Bitcoin in many places of the world, but it also clearly depends on public interest. As we know public interest or awareness is raised when either something really bad happens or when  someone flies towards the moon with a rocket and jumps out of it in a space suit wearing the Red Bull logo. Whenever Bitcoin is stable and moving sidewards, you hardly read or hear anything about it in pubic media. But when Bitcoin goes nuts either way, the media is jumping on it and cannibalize on the topic in the most amateurish ways possible. It almost hurts to read and listen to what media outlets not educated on the topic talk about Bitcoin.

I think bull period gets a lot more attention because at the end of the day bull period is when we all make a lot of profit, it is not a news to get your 1000 dollars into 1100 dollars, but when you hear about someone that turns 1k dollars into 1 millions dollars suddenly it becomes a deal.

I feel like that has happened before and even the famous 100x we talk about means that your 10k could become a million dollars, there are plenty of people with 10k on their accounts, but not that many with a million dollars. Which is why I believe that we are a lot more famous during the bull period since that is the moment that could turn regular people into rich people in a month or so.

[Asuspawer09]

Recently, I've been wondering, and based on the people I live with, I'd say that only 20% of them know what cryptocurrency is.
Sometimes I ask my friend or colleague if he knows what Bitcoin is, and if they're young (20-35 years old), they say, "Yes, I've heard about it. But I don't know much about it."
If I'm talking to older people (40–60), mostly they don't know what it is.

We are living in a world of big changes in every aspect of life. But do you think it will be time when cryptocurrency will come into our lives and be normal for all people? Will people be able to trust crypto?

I'm wondering what your opinion is about this.

It obviously understandable why our parents, grandfather, and grandmother do not know what cryptocurrency is, And even these days there are only a few people that know and understand bitcoin or cryptocurrency is, and they are probably traders or investors that buy bitcoin, Bitcoin was created on 2009 and probably started to get popular in 2011 I just stated my bitcoin or investment journey around 2017 so it takes years before I even know what bitcoin is and learn what it is.

Bitcoin is slowly being adopted in different countries and surely most people are getting an idea of what bitcoin is because they heard something about it or heard it from the news etc. Some of the banks here in my country are starting to promote bitcoin and encouraging people to buy bitcoin or cryptocurrency, so probably most of the users are already adopting it so in the future I can see bitcoin as a part of people's normal lives something like banks.

Trust in cryptocurrency is I think the hardest part for most people and probably will take a lot of time for them before they accepted it, bitcoin and cryptocurrency have a bad image because of scams, and some of the old generations don't trust everything online when it comes to online transactions they always have a doubt that it might be or there's a possibility of a scam.

[Zanab247]

In my country people trust Bitcoin and cryptocurrency, and they are ready to know more about BTC and cryptocurrency despite it's not legal tender in the country but they have heard about some country like El Salvador how their government made BTC legal tender for their people to trust BTC and, use BTC to buy any kind of products they want and pay with BTC. I believe the whole world will soon have the knowledge of cryptocurrency so that they will trust cryptocurrency investment more than other investment in the community.

[mv1986]

It fully depends on where you are located or live. There are some areas in the world and also age groups that simply know less about cryptocurrencies in general and Bitcoin in specific. However, media outlets do talk about Bitcoin in many places of the world, but it also clearly depends on public interest. As we know public interest or awareness is raised when either something really bad happens or when  someone flies towards the moon with a rocket and jumps out of it in a space suit wearing the Red Bull logo. Whenever Bitcoin is stable and moving sidewards, you hardly read or hear anything about it in pubic media. But when Bitcoin goes nuts either way, the media is jumping on it and cannibalize on the topic in the most amateurish ways possible. It almost hurts to read and listen to what media outlets not educated on the topic talk about Bitcoin.

I think bull period gets a lot more attention because at the end of the day bull period is when we all make a lot of profit, it is not a news to get your 1000 dollars into 1100 dollars, but when you hear about someone that turns 1k dollars into 1 millions dollars suddenly it becomes a deal.

I feel like that has happened before and even the famous 100x we talk about means that your 10k could become a million dollars, there are plenty of people with 10k on their accounts, but not that many with a million dollars. Which is why I believe that we are a lot more famous during the bull period since that is the moment that could turn regular people into rich people in a month or so.

The 100x times are over, at least when you look at things in the short- or mid-term. I doubt that we will go from 22k to 2.2 million within four years time like we went from let's say 150 to 15k between 2013 and 2017. I know the numbers are bit off as we went up to 20k I believe from 120 or something, but you my point. A 100x would bring Bitcoin's total market capitalization close to 50 trillion USD and I believe we agree that this is not going to happen within just a few years. I know we all have seen a lot of things we never thought were possible, but this time I can't imagine in my wildest fantasies that Bitcoin hits such a market cap.

[solehdavid]

Cryptocurrencies are designed as a technology that works without depending on a central authority. As such, they can be seen as a trusted currency for some people, but may be perceived as unsafe for others. Therefore, more information and understanding is needed for cryptocurrencies to gain general acceptance. I believe that cryptocurrencies will enter our lives in the future, but it is unclear how long this process will take and how widespread they will be. Accelerating this process depends on wider adoption and increased use of cryptocurrencies.

Cryptocurrencies should be secured in the same way as other currencies. With the development and implementation of security protocols, cryptocurrencies can become more secure. However, this process can be volatile and, like any technological development, can carry risks.

[D ltr]

Recently, I've been wondering, and based on the people I live with, I'd say that only 20% of them know what cryptocurrency is.
Sometimes I ask my friend or colleague if he knows what Bitcoin is, and if they're young (20-35 years old), they say, "Yes, I've heard about it. But I don't know much about it."
If I'm talking to older people (40–60), mostly they don't know what it is.

We are living in a world of big changes in every aspect of life. But do you think it will be time when cryptocurrency will come into our lives and be normal for all people? Will people be able to trust crypto?

I'm wondering what your opinion is about this.

when you explain bitcoin to millennials they will immediately respond
but on the other hand, if you give an idea of what bitcoin is for people aged 40 and over, it is difficult and they will not enter crypto if they are from technology-illiterate circles
the level of possibility they will believe is very small, but for those who know technology, I am a little pessimistic for them to invest in crypto because the level of thinking is old-fashioned, I believe more in investing in gold, land and property

[Bitcoin_people]

We are living in a world of big changes in every aspect of life. But do you think it will be time when cryptocurrency will come into our lives and be normal for all people? Will people be able to trust crypto?

I'm wondering what your opinion is about this.

Cryptocurrency has evolved a lot with the current era. Most of the people I hang out with and my friends and younger brothers in the area have some idea about Bitcoin. As our days go by and the world changes. I think there will come a time when cryptocurrency will be used by people all over the world. Then all people will trust cryptocurrency widely. It has already been seen that many hotels and large shopping malls in different countries accept payment by Bitcoin. So I think Bitcoin will be used in every transaction of people in the future.

[bangjoe]

We are living in a world of big changes in every aspect of life. But do you think it will be time when cryptocurrency will come into our lives and be normal for all people? Will people be able to trust crypto?

I'm wondering what your opinion is about this.

I am confident enough that crypto will enter the financial system where people no longer question what bitcoin is and how to make it, as is the case with FIAT currency, the same thing happened to me when I already had a mind and was given by my parents fiat money and I don't reflect on what money is and how it becomes valuable as a medium of exchange, nor in the future when my child or grandson gives them bitcoin he will do the same thing as me and won't ask too many questions about how bitcoin can be valuable.
we don't know what the future will be like but I quite believe in cryptocurrency, now is the time when people start to see, pay attention to and try to use cryptocurrency, maybe we still need time for bitcoin to become a normal thing in society.

[summonerrk]

Time goes by and generations are being updated - today's newcomers will become the norm tomorrow. More and more people are learning about cryptocurrencies, which means fewer and fewer people who do not know what bitcoin is. And what's nice is that over the years there will be less and less confidence in the dollar, which is not secured by anything, and at the same time is managed by a bunch of people. And I am sincerely glad that we are one of those who seek to decentralize finance.

[RealMalatesta]

Cryptocurrencies are designed as a technology that works without depending on a central authority. As such, they can be seen as a trusted currency for some people, but may be perceived as unsafe for others. Therefore, more information and understanding is needed for cryptocurrencies to gain general acceptance. I believe that cryptocurrencies will enter our lives in the future, but it is unclear how long this process will take and how widespread they will be. Accelerating this process depends on wider adoption and increased use of cryptocurrencies.

Cryptocurrencies should be secured in the same way as other currencies. With the development and implementation of security protocols, cryptocurrencies can become more secure. However, this process can be volatile and, like any technological development, can carry risks.

The creation of bitcoin was so that you would have a coin that you wouldn't have to "trust", it was decentralized and that means there was no trust needed at all, there was no need for trust, there was no use for trust in this market.

It was your money and nobody could touch it at all. First they created a situation where people would give tens of thousands of bitcoins worth to exchanges and other centralized figures, then they created tokens and coins where centralized dev teams would control it fully, and now they are asking if crypto is to be trusted. Well it didn't need it back when it started, then we happen to make it require it after a while, that's the sad thing.

[lalabotax]

Recently, I've been wondering, and based on the people I live with, I'd say that only 20% of them know what cryptocurrency is.
Sometimes I ask my friend or colleague if he knows what Bitcoin is, and if they're young (20-35 years old), they say, "Yes, I've heard about it. But I don't know much about it."

Sometimes, some people put their high trust on cryptocurrency because of some good chances and conditions that they are experiencing so far in the crypto business. Or it will also happen when they really can utilize every chance to earn money from the crypto business, whatever the need, in fact, cryptocurrency worth will really influence the trust. Moreover the reputation.

Nowadays the crypto market is getting worse and becoming big problem for new investors. Some panic enough with the recent situation. That is why people cannot stand the high risks. that is why trust on altcoins will not be high as it.

[Fivestar4everMVP]

We are living in a world of big changes in every aspect of life. But do you think it will be time when cryptocurrency will come into our lives and be normal for all people? Will people be able to trust crypto?

I'm wondering what your opinion is about this.

With adoption, absolutely yes, a time will come when people will trust in bitcoin and in crypto currencies at large, a time will come when businesses will accept crypto payment easily and normally like their currently accept payment with credit or debit card.

Everything in history started by some people likening it and some people hating it, and some other not giving a damn about it.

Remember when the internet started, many called a shamble and took it for nothing, others cared less about it, while some others embraced it, today, the internet have become a major source of living for more than half the population of the entire world.

So surly, that time is coming when crypto currencies are gonna become part of every life in this world, might take some time, but indeed, it will happen.

[Bushdark]

-snip-
We are living in a world of big changes in every aspect of life. But do you think it will be time when cryptocurrency will come into our lives and be normal for all people? Will people be able to trust crypto?

I'm wondering what your opinion is about this.

The presence of Cryptocurrency has changed people's view of finance so that over time it is likely that Cryptocurrency will become part of many people's lives, but so far bitcoin is the only Cryptocurrency that we can trust besides that most of it is fraud so be wise when you want to choose a coin to be used as a investment assets because not all of them are reliable, in the future Cryptocurrency will have a big impact on the world economy which can save people from recession.

cryptocurrency had chenges many peoples' life and it will continue if there are money people that are ready to invest in cryptocurrency. It is obvious that cryptocurrency is very volatile but that is not the problem because we need to be ready to face the market if we want to make gold profits from the market. There are various ways we can make money from cryptocurrency which had major categories of people earning through various way from the market. Let's keep making the money and leave those who don't want to invest in it.

[Quidat]

Recently, I've been wondering, and based on the people I live with, I'd say that only 20% of them know what cryptocurrency is.
Sometimes I ask my friend or colleague if he knows what Bitcoin is, and if they're young (20-35 years old), they say, "Yes, I've heard about it. But I don't know much about it."

Sometimes, some people put their high trust on cryptocurrency because of some good chances and conditions that they are experiencing so far in the crypto business. Or it will also happen when they really can utilize every chance to earn money from the crypto business, whatever the need, in fact, cryptocurrency worth will really influence the trust. Moreover the reputation.

Nowadays the crypto market is getting worse and becoming big problem for new investors. Some panic enough with the recent situation. That is why people cannot stand the high risks. that is why trust on altcoins will not be high as it.

Depends on a certain approach of a certain individual because speaking about on how to deal up with this unpredictable market then this is something that depends on someones approach and actions
to be made of and since each person does have their own mindset or goals then its up to them on what actions they would really be doing.Trust is ofcourse subjective on which if people would see that
that the price that they are dealing with is volatile then it is depending on someone whether they would be easily be shaken of or would really be able to withstand those risks.
This is why it would really be that basing on whether you would be pursuing out on your crypto career or not.

[S A KHAIR]

Recently, I've been wondering, and based on the people I live with, I'd say that only 20% of them know what cryptocurrency is.
Sometimes I ask my friend or colleague if he knows what Bitcoin is, and if they're young (20-35 years old), they say, "Yes, I've heard about it. But I don't know much about it."
If I'm talking to older people (40–60), mostly they don't know what it is.

We are living in a world of big changes in every aspect of life. But do you think it will be time when cryptocurrency will come into our lives and be normal for all people? Will people be able to trust crypto?

I'm wondering what your opinion is about this.

Cryptocurrency is still very young, so people don't know and use it yet. Even in my area, many people have never heard of it. And we should be proud and take advantage of the opportunity because we are the pioneers in this revolution. Take advantage of the opportunity because when people know about it, the opportunity will not be as many as it is now.

[Mpamaegbu]

Recently, I've been wondering, and based on the people I live with, I'd say that only 20% of them know what cryptocurrency is.

I'm sure it will come as a shock to you too if you get to find out that an appreciable number of people globally don't also know how fiat works apart from it's use as a means of exchange for financial transactions. You see, the point isn't even to know how something works before we can use it. Just trust the process.

But do you think it will be time when cryptocurrency will come into our lives and be normal for all people? Will people be able to trust crypto?

I believe for those of us here, cryptocurrency is already in our lives. I'm here because I trust in cryptos and what it can achieve. With time this is likely going to be the largest financial market globally, well above the Forex market of over $6 trillion daily cap.

[andriarto]

Recently, I've been wondering, and based on the people I live with, I'd say that only 20% of them know what cryptocurrency is.
Sometimes I ask my friend or colleague if he knows what Bitcoin is, and if they're young (20-35 years old), they say, "Yes, I've heard about it. But I don't know much about it."
If I'm talking to older people (40–60), mostly they don't know what it is.

We are living in a world of big changes in every aspect of life. But do you think it will be time when cryptocurrency will come into our lives and be normal for all people? Will people be able to trust crypto?

I'm wondering what your opinion is about this.

Cryptocurrency is still very young, so people don't know and use it yet. Even in my area, many people have never heard of it. And we should be proud and take advantage of the opportunity because we are the pioneers in this revolution. Take advantage of the opportunity because when people know about it, the opportunity will not be as many as it is now.

the main advantage of not knowing many people is that we have more opportunities to make money from investing in bitcoin, so that in the end when a bull run occurs, more and more media will report about it, and more and more new bitcoiners will emerge, so that we will benefit from current investment. although many obstacles were encountered in its development, now people are starting to understand the characteristics of bitcoin, to the point that the decline in bitcoin is an opportunity to buy, there is no need to worry

[aylabadia05]

[snip]

We are living in a world of big changes in every aspect of life. But do you think it will be time when cryptocurrency will come into our lives and be normal for all people? Will people be able to trust crypto?

I'm wondering what your opinion is about this.

If you search for the definition of crypto on Google or other browsers, it will come out that it is a digital currency that is a form of payment.
Unknowingly, many countries around the world are now dealing with it. Digital currency will be an alternative to the fiat currency competition in the market.

Many digital applications (e-Wallets) are being created as a means to pay for things without having to hand over fiat money.
Maybe that's different from the crypto you're referring to, but it illustrates that crypto will be one of the tangible forms of major changes in the world today and the world to come.
You probably know what I mean.

I'll ask you again, do you believe Bitcoin will become a currency that is familiar in normal life?
In particular, crypto is too common and too numerous.