Trust in cryptocurrency?

[Fatunad]

~snip

Change is constant that what theorist said. The young generation believe that cryptocurrency is legit asset which can change their life one day but the old people but old people still tag Bitcoin as a fraudulent asset. That is one of the major challenges of the age.

Actually, not all. People who are willing to learn and read will understand more deeply. Many people who say just because they hear don't identify further. It is true, many people say Bitcoin is a scam, bitcoin is gambling and the majority of them do not understand before giving judgment. Perhaps when the older generation goes extinct there will be a major shift regarding Bitcoin. Because I believe the current generation of young people are more proficient in technology and more critical of something new. I feel confident Bitcoin will develop better.

Things like this can be realized or not now there are many who are like that.
You don't need to go far, in fact, even if there are many new ones in your environment, we will encounter something like this. Getting involved in bitcoin does seem amazing it's just that being in bitcoin without knowing what the goal is clearly this is a bit to be able to say they can make it through to the end.
A lot of people are in bitcoin now just because they followed the steps of some friends or relatives who were already in bitcoin before hoping they could do the same thing to earn money but they don't want more learning because their focus is only on profit so in this case it seems that now there are many people who are in crypto, especially bitcoin, but only some of those who are here want to learn about it, the rest they seem to be affected by the bitcoin hype which is becoming increasingly known.

We know that recognition and adoption is really on the move but we cant really that deny the fact that most people would really be hooked up on bitcoin or crypto is via that investment opportunity on which they could just simply hold and make profits with it and without even tending to learn up more something from it which it isnt really that a shocking thing anymore because it would really be just a common approach for someone
who are really just eager on making profits and not learning in depth in through it but for sure that sooner or later they would really be having those reconsiderations on the time that they would realize that this isnt
something really just that good on making money.On the time that they would really be making these realizations then this is where they would really be digging deeper and on the time that they would be realizing on whats the truth then this is where trust would be mold up and this is where it would be actually depending on a certain individual.

[1715086224]

1715086224

[1715086224]

1715086224

[1715086224]

1715086224

[Bushdark]

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.

We are already in the revolution of cryptocurrency and soon we cryptocurrency will be the world currency although we don't know if it's going to be Bitcoin or a new coin that would be accepted by all countries. There are old people who may not know about cryptocurrency but it will get to a time when both young and old would be exposed to what cryptocurrency and Blockchain is all about because it is going to be one of the trending and what people would be hearing ok no radio and seeing on tv everytime. This will not take too long to happen since we are already in the era.

[famososMuertos]

Trust in cryptocurrency?Bitcoin.
Another OP who talks about third parties and bases his analysis on his environment, I repeat, one cannot believe in the perception after 14 years, it is old speech, bitcoin reaches the ears of whoever wants to listen to them in these times.

I mentioned it in another post, I don't remember where or when, but the current nich of young people between 7 and 15 years old handle payment methods typical of the networks where they play, these little people who are the future, understand bitcoin very well, for a group of millions of users maybe more than those who use bitcoin now use tokens of their daily online life ecosystems for something, they buy-sell.

I hope you understand the point, the question is not who understands it or knows bitcoin, the persons trust in something when they start using it, then, adoption continues to grow and surely trust is a determining factor, that confidence is what keeps it vibrating.

And as a colleague from our local board said, we just celebrated the anniversary of lazlo pizza, they are people who did trust bitcoin, pioneers of daily consumption. Bitcoin is supported by buying, selling or holding it, not thinking about whether your neighbor or friend trusts bitcoin.

[dlightag]

The world is gradually growing up and improving, mostly here in Africa, technology has been introduced towards our system, before people believe in hard work or Job been done and get paid physical as salary, but currently cryptocurrency market has come into the system of youths but government are against it, because government has no control over crypto transaction, they are always interested what can benefit them alone base on transaction charge's fee, which is also applicable to other western world. Therefore nothing can stop cryptocurrency market as long the internet exist.

[erixter]

Things like this can be realized or not now there are many who are like that.
You don't need to go far, in fact, even if there are many new ones in your environment, we will encounter something like this. Getting involved in bitcoin does seem amazing it's just that being in bitcoin without knowing what the goal is clearly this is a bit to be able to say they can make it through to the end.
A lot of people are in bitcoin now just because they followed the steps of some friends or relatives who were already in bitcoin before hoping they could do the same thing to earn money but they don't want more learning because their focus is only on profit so in this case it seems that now there are many people who are in crypto, especially bitcoin, but only some of those who are here want to learn about it, the rest they seem to be affected by the bitcoin hype which is becoming increasingly known.

I do agree with your arguments on the subject topic Trust in cryptocurrencies, such as Bitcoin, is a complicated and individualized issue. Depending on a person's knowledge, past experiences, and personal values, they may or may not have a certain amount of faith in cryptocurrencies. Because of the advancement and pattern changing scenarios of business, the digitall currencies like bitcoiin and other are looking more reliable, trusted and secure. Trust in crypto currency, including Bitcoin, is a complex and subjective matter. Depending on their information, experiences, and personal beliefs, people's level of faith in cryptocurrencies can change. Educating yourself about the technology, market dynamics, can help inform your trust and decision-making process

[awik p]

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.

We are already in the revolution of cryptocurrency and soon we cryptocurrency will be the world currency although we don't know if it's going to be Bitcoin or a new coin that would be accepted by all countries. There are old people who may not know about cryptocurrency but it will get to a time when both young and old would be exposed to what cryptocurrency and Blockchain is all about because it is going to be one of the trending and what people would be hearing ok no radio and seeing on tv everytime. This will not take too long to happen since we are already in the era.

if we are familiar with cryptocurrencies it might be easier to believe in the future of cryptocurrencies, but not for other people. therefore many people will believe in crypto after there are official regulations from the government related to cryptocurrencies as well as legalizing them. maybe now many parents find it difficult to believe, but after the transfer of generations there will be more young people or the next generation who will find it easy to access cryptocurrencies

[Lbridges3001]

The world is gradually growing up and improving, mostly here in Africa, technology has been introduced towards our system, before people believe in hard work or Job been done and get paid physical as salary, but currently cryptocurrency market has come into the system of youths but government are against it, because government has no control over crypto transaction, they are always interested what can benefit them alone base on transaction charge's fee, which is also applicable to other western world. Therefore nothing can stop cryptocurrency market as long the internet exist.

That's the same over here in the US. It's always a pushback from the government until they're able to control something. They'll try to minimize every opportunity we have to basically control our own money because what would we need banks for? I'm all for crypto.

[AicecreaME]

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 the pandemic hits, some people here in our country engaged in cryptocurrency, but when they experience the bear market, they immediately pulled out their money in cryptocurrency. In short, people only like things in good times, not in bad times, I mean, they are not committed in cryptocurrency, so they don't fully know crypto, all they know is that if you invested on it, you'll make profit every single day.

Most people would still choose fiat, gold, real estate, or anything that is familiar to them, and there's nothing about it, since they just want to stay on their comfort zone of maybe that's where they are good at.

For now, I can't see most of the people in the community would totally trust Bitcoin or other cryptocurrency as their investment or a way to earn profits.

[Lbridges3001]

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 the pandemic hits, some people here in our country engaged in cryptocurrency, but when they experience the bear market, they immediately pulled out their money in cryptocurrency. In short, people only like things in good times, not in bad times, I mean, they are not committed in cryptocurrency, so they don't fully know crypto, all they know is that if you invested on it, you'll make profit every single day.

Most people would still choose fiat, gold, real estate, or anything that is familiar to them, and there's nothing about it, since they just want to stay on their comfort zone of maybe that's where they are good at.

For now, I can't see most of the people in the community would totally trust Bitcoin or other cryptocurrency as their investment or a way to earn profits.

I agree 1,000%! People are always going to stick with what's comfortable to them until it's taken away from them. Real estate and gold are better than fiat to me. I'll commit 100% to bitcoin if I was allowed to use it everywhere.

[zanezane]

I agree 1,000%! People are always going to stick with what's comfortable to them until it's taken away from them. Real estate and gold are better than fiat to me. I'll commit 100% to bitcoin if I was allowed to use it everywhere.

I agree, investing in fiat is not typically considered a good long-term investment strategy because of its lose value over time due to inflation or any other factors. As you said it's better to diversify investment across different assets like Real estate, gold and cryptocurrencies to protect against inflation and potentially earn higher returns. But consider the risk you will take investing.

[Lbridges3001]

I agree 1,000%! People are always going to stick with what's comfortable to them until it's taken away from them. Real estate and gold are better than fiat to me. I'll commit 100% to bitcoin if I was allowed to use it everywhere.

I agree, investing in fiat is not typically considered a good long-term investment strategy because of its lose value over time due to inflation or any other factors. As you said it's better to diversify investment across different assets like Real estate, gold and cryptocurrencies to protect against inflation and potentially earn higher returns. But consider the risk you will take investing.

I think once all/or the major financial institutions get on board with crypto, we'll be in a much better place with this thing. Prime example, I can't even purchase crypto with 2 of my bank accounts. I feel as if we're trying to be kept inside this box.

[Litzki1990]

The world is gradually growing up and improving, mostly here in Africa, technology has been introduced towards our system, before people believe in hard work or Job been done and get paid physical as salary, but currently cryptocurrency market has come into the system of youths but government are against it, because government has no control over crypto transaction, they are always interested what can benefit them alone base on transaction charge's fee, which is also applicable to other western world. Therefore nothing can stop cryptocurrency market as long the internet exist.

Plans should be made on how to further develop cryptocurrencies or how to increase their prevalence without banning cryptocurrencies. Unemployment is going away with crypto currency. I don't see anything wrong with people who can't get a job after finishing their studies and can earn good money in crypto currency. All workplaces should be given equal importance. I have a lot of faith in Cryptocurrencies I think if you have good knowledge about it you can improve your life a lot.

[bayudndy]

It is true that many people today still do not know much about cryptocurrencies, but that does not mean that the market is really inefficient and underdeveloped. When it comes to investing in assets, people are usually only interested in the old business models such as gold, houses, land, etc., and someone can naturally switch to talking about bitcoin-related topics. or cryptocurrencies are really rare. Although people know little about it, it will only be the beginning for more people who will later be interested in and learn more about cryptocurrencies. Surely cryptocurrency will be a good asset class, given that it can bring good returns to everyone. A new breeze makes people more interested and gradually learn about bitcoin, from which confidence in the cryptocurrency will become stronger.

[Hamza2424]

Today I was reading some news and I think that news was also related to the topic of discussion. Trust in cryptocurrency can be defined as Bitcoin and as already discussed many times the whole market cycle is based on Trust sentiments and potential sentiments. Bitcoin has faced many many ups and downs in the journey of a few years and it will face more as well but the reason that still Bitcoin is trading like a mountain is the community's trust in the goals of Bitcoin.

We have seen many other projects falling down to the bottom and those were never able to stand with dignity again as per the latest one we can see Luna and the news that I was discussing above was related to the trust issues between the community and the project was Multichain which has fallen to its keens recently about standing again I am not sure. But Bitcoin will surely stand strong against any type of crisis that is my belief and it's proven by the historical events with Bitcoin.

[Magic-Money]

Cryptocurrency business is a future business that makes things happen when is not expecting, because I have seen many coins that surprised crypto market, which one have to trust cryptocurrency by investing more coins and waiting for the next bull run.

[lizarder]

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.

Just knowing and having heard will not bring a conclusion to someone like that. I mean most people know bitcoin but they don't know how it works and this is based on some experimental data collected in the area where I live. Especially if you ask people over (40-60) years old whose internet knowledge is completely unknown to them, so they never know about bitcoin news at all.

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?

Technology and the internet are media that can introduce people to cryptocurrencies because most social media platforms advertise or we often find photos or videos about them.

Regarding normal or not depends on how curious people who don't know him are. If technology and the internet are part of them right now then it's probably normal for them, everyone has different beliefs about crypto, especially for those who don't know it. But are you sure that technology and the internet will lead them to find out what crypto is and how to use it?

[Smartvirus]

Bitcoin adoption is happening very fast, and it is almost impossible to stop, and no one can stop it. Bitcoin is only 14 years old, and if you compare its age with traditional assets that are hundreds of years old, it is no different than we compare babies to old people. So you can't expect global bitcoin adoption to take only a year or two.

You kno I would have even loved it to go a lot slower than its doing now. It's way too fast for my liking and I can imagine what the best halving will bring as there is always an unmatched awareness campaign by price which often forces most people to buy at a high price; being satisfied that the coin inst crashing and they stand the chance of making few sats with the pump (ignorant minds that could have as well be buying at this moment).

When itcomes to adoption, I just can't say. Just like bitcoin price, it's hard to predict what way the government would take in order to ensure there is some form of regulations to cryptocurrencies. It's still a problem but the thing is, they just can't stop it.

[Raflesia]

Things like this can be realized or not now there are many who are like that.
You don't need to go far, in fact, even if there are many new ones in your environment, we will encounter something like this. Getting involved in bitcoin does seem amazing it's just that being in bitcoin without knowing what the goal is clearly this is a bit to be able to say they can make it through to the end.
A lot of people are in bitcoin now just because they followed the steps of some friends or relatives who were already in bitcoin before hoping they could do the same thing to earn money but they don't want more learning because their focus is only on profit so in this case it seems that now there are many people who are in crypto, especially bitcoin, but only some of those who are here want to learn about it, the rest they seem to be affected by the bitcoin hype which is becoming increasingly known.

We know that recognition and adoption is really on the move but we cant really that deny the fact that most people would really be hooked up on bitcoin or crypto is via that investment opportunity on which they could just simply hold and make profits with it and without even tending to learn up more something from it which it isnt really that a shocking thing anymore because it would really be just a common approach for someone
who are really just eager on making profits and not learning in depth in through it but for sure that sooner or later they would really be having those reconsiderations on the time that they would realize that this isnt
something really just that good on making money.On the time that they would really be making these realizations then this is where they would really be digging deeper and on the time that they would be realizing on whats the truth then this is where trust would be mold up and this is where it would be actually depending on a certain individual.

Thoughts like that still happen a lot for now because indeed they only want simple things in their thoughts when they are in bitcoin or in altcoins so as long as they invest there it will be profitable. Even though it sounds quite convincing, it is a fact, of course when it is executed it is not that simple.
Thoughts like this must be pushed aside from the start because even though something like this is possible, the ratio is small. However, there is a process that must be carried out and for this, the process is that we must be willing to learn more, especially when it relates to the finances we have.
But there are indeed a lot of naive people who only see this as being more trivial and it is precisely with this that many people are trapped who in the end say this is fraud even though it happened because they were not aware of the risks involved because they did not want to learn more.

Things like this can be realized or not now there are many who are like that.
You don't need to go far, in fact, even if there are many new ones in your environment, we will encounter something like this. Getting involved in bitcoin does seem amazing it's just that being in bitcoin without knowing what the goal is clearly this is a bit to be able to say they can make it through to the end.
A lot of people are in bitcoin now just because they followed the steps of some friends or relatives who were already in bitcoin before hoping they could do the same thing to earn money but they don't want more learning because their focus is only on profit so in this case it seems that now there are many people who are in crypto, especially bitcoin, but only some of those who are here want to learn about it, the rest they seem to be affected by the bitcoin hype which is becoming increasingly known.

I do agree with your arguments on the subject topic Trust in cryptocurrencies, such as Bitcoin, is a complicated and individualized issue. Depending on a person's knowledge, past experiences, and personal values, they may or may not have a certain amount of faith in cryptocurrencies. Because of the advancement and pattern changing scenarios of business, the digitall currencies like bitcoiin and other are looking more reliable, trusted and secure. Trust in crypto currency, including Bitcoin, is a complex and subjective matter. Depending on their information, experiences, and personal beliefs, people's level of faith in cryptocurrencies can change. Educating yourself about the technology, market dynamics, can help inform your trust and decision-making process

There is a price to pay if you really want to get something you want.
When we want to be in bitcoin, we must be aware that we must have the qualifications so that we avoid the worst possibility. Risk is something that must be faced regardless of anything because it would be very naive to want to be in a scope like this but not want to take risks in it. so that learning is obviously very important. experience is also clear but that doesn't mean those of us who don't have experience can't be here because experience is obtained when we want to try.

[bluedeep]

Things like this can be realized or not now there are many who are like that.
You don't need to go far, in fact, even if there are many new ones in your environment, we will encounter something like this. Getting involved in bitcoin does seem amazing it's just that being in bitcoin without knowing what the goal is clearly this is a bit to be able to say they can make it through to the end.
A lot of people are in bitcoin now just because they followed the steps of some friends or relatives who were already in bitcoin before hoping they could do the same thing to earn money but they don't want more learning because their focus is only on profit so in this case it seems that now there are many people who are in crypto, especially bitcoin, but only some of those who are here want to learn about it, the rest they seem to be affected by the bitcoin hype which is becoming increasingly known.

I do agree with your arguments on the subject topic Trust in cryptocurrencies, such as Bitcoin, is a complicated and individualized issue. Depending on a person's knowledge, past experiences, and personal values, they may or may not have a certain amount of faith in cryptocurrencies. Because of the advancement and pattern changing scenarios of business, the digitall currencies like bitcoiin and other are looking more reliable, trusted and secure. Trust in crypto currency, including Bitcoin, is a complex and subjective matter. Depending on their information, experiences, and personal beliefs, people's level of faith in cryptocurrencies can change. Educating yourself about the technology, market dynamics, can help inform your trust and decision-making process

Here if I say bitcoin there was a time when bitcoin had no value. Now bitcoin is very valuable to everyone because of the position it is in. So I think if something has no value no one uses it. Bitcoin has value.  All people transact through Bitcoin. But Bitcoin has become very popular in few years. Expect Bitcoin to do well in next few years. And Bitcoin price will increase many folds. Those who have been humbled by Bitcoin will be very soon.  Will become the owner of money.

[minairia3]

It is true that many people today still do not know much about cryptocurrencies, but that does not mean that the market is really inefficient and underdeveloped. When it comes to investing in assets, people are usually only interested in the old business models such as gold, houses, land, etc., and someone can naturally switch to talking about bitcoin-related topics. or cryptocurrencies are really rare. Although people know little about it, it will only be the beginning for more people who will later be interested in and learn more about cryptocurrencies. Surely cryptocurrency will be a good asset class, given that it can bring good returns to everyone. A new breeze makes people more interested and gradually learn about bitcoin, from which confidence in the cryptocurrency will become stronger.

Many people still don't know cryptocurrency is more of a good thing for us than a bad thing. Rejoice that we are the pioneers of this revolution, and if we believe enough, we will achieve many successes that many people will later covet. It is true that anything new has risks, but if we succeed with it, we will also reap great benefits. There's no such thing as success without a price, and given the benefits cryptocurrencies have to offer, I think it's well worth a try.