Awareness as the major force for Bitcoin adoption

[michellee]

Not all those people will own Bitcoins because many of them still don't know about them or don't want to know about them. They are still comfortable with their current condition so they don't want to know more about Bitcoin.

Indeed, Bitcoin adoption is still going on, but that doesn't mean it will reach all the people out there because investing in Bitcoin is a choice for them and they can choose it or not. And even if they know Bitcoin, that also doesn't mean they will invest in it immediately.

And when Bitcoin is more popular than now, they still don't decide to invest in Bitcoin because they feel Bitcoin is not for them. After all, they'll say they don't have enough money to start investing in Bitcoin so they won't start.

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[Jawhead999]

People will blame us if they do not fully grasp the reminders we have told them when we suggest Bitcoin as an investment.  It is reasonable to blame us because we are the one who suggested it and failed to emphasize to the point of making them understand the risk involved in the investment.

That why it's pointless to teach and remind them if investing in Bitcoin has a risk of downturn, you can't control them and they will use their ego when it's all about money. It's not about we're suggest or force them to invest in Bitcoin, they don't care about it.

How can we hold their coins when they are already hacked?  

When they're still interested to invest in Bitcoin, but they don't want to hold it. They not ask to recover their coins, but they will start a new investment and ask someone who's professional (the one who teach them) to hold their coins.

That is why we must keep our bitcoin holdings a secret, to avoid unnecessary things like these.

If you have teach them about Bitcoin, they already know you're Bitcoin holder regardless how much you have, you still has a chance to become a target. That's why to completely avoid it, make sure you didn't ever talk or have a conversation about Bitcoin/crypto niche.

[axxo]

In reality a lot of people are still not aware on how to invest in bitcoin, most probably they heard it but still they do not know how to use and invest with. It is hard to educate people about Bitcoin if they are not interested in crypto currencies. But if someone shows how interested they are you can share insights by educating them on the benefits of bitcoin. You can discuss how it can provide greater financial freedom, security and privacy compared to traditional forms of currency. Highlighting the increasing number of businesses that accepts bitcoin as a form of payment it can help raise awareness and encourage adoption. But of course it is up to the people if they want to know more about bitcoin. We cannot force them if they do not want to.

[avikz]

Statistically 385,000 persons are born into different families across the globe, that's to say 385,000 offsprings come into this world everyday, just imagine all of this individuals having knowledge of Bitcoin.

The question becomes after acquiring the knowledge about this powerful digital currency (Bitcoin) by this group of people how many of them will purchase or invest later in other to keep it  running to get attraction of more interested fellows.

Having knowledge will be great but may bring disaster for the Bitcoin network. If you are seeing the current situation with crazy high fees just because of some BRC-20 token, then you can imagine what the Bitcoin network would face if we add 385,000 people to the Bitcoin network every single day!

Bitcoin network can't handle such high traffic. LN can help but to a certain extent and also it is a sidechain. Unless the Bitcoin network goes through an overhaul to be capable of handling such exorbitant traffic, it will be great if they stop at acquiring knowledge only.

[Tony116]

Statistically 385,000 persons are born into different families across the globe, that's to say 385,000 offsprings come into this world everyday, just imagine all of this individuals having knowledge of Bitcoin.

The question becomes after acquiring the knowledge about this powerful digital currency (Bitcoin) by this group of people how many of them will purchase or invest later in other to keep it  running to get attraction of more interested fellows.

Having knowledge will be great but may bring disaster for the Bitcoin network. If you are seeing the current situation with crazy high fees just because of some BRC-20 token, then you can imagine what the Bitcoin network would face if we add 385,000 people to the Bitcoin network every single day!

Bitcoin network can't handle such high traffic. LN can help but to a certain extent and also it is a sidechain. Unless the Bitcoin network goes through an overhaul to be capable of handling such exorbitant traffic, it will be great if they stop at acquiring knowledge only.

You cannot claim absolute perfect bitcoin, everything has its pros and cons, and bitcoin is no exception. The sudden fee increase of the past few days is a matter of concern to everyone, but I believe it will return to normal soon, and the developers will find a solution to fix that problem in the future so that the bitcoin network becomes better. Moreover, if we compare the pros and cons, it is clear that the benefits of bitcoin give us more than its disadvantages. We do not need to worry too much just because we look at a few disadvantages that forget the outstanding benefits it brings us.

[kryptqnick]

I don't think relying on newborns when thinking of Bitcoin adoption is very helpful because, well, they're newborns (so it'll take 18 years till they're allowed to invest), and because of child mortality.
Of course, knowing about Bitcoin is necessary for investing in Bitcoin, but it's also insufficient. Education is important, and telling people here and there about Bitcoin is useful, but only if they want to hear about it and if it feels safe to tell them about it. Introducing Bitcoin into school education (as some are doing) is a great way to reach the children and make them aware of Bitcoin. Bitcoin being mentioned in movies and TV shows is also helpful to at least spark initial interest.

[Mr.suevie]

A significant portion of the global population remains unaware of Bitcoin, and there is currently no precise data available on the percentage of people who are familiar with it. While only a few countries recognize Bitcoin as legal tender, it becomes challenging to raise awareness in other countries where Bitcoin is not accepted due to various restrictions. Nonetheless, those of us who are familiar with Bitcoin can still promote awareness by sharing information with our family and close friends, even in situations where the government does not accept it.

Thats exactly what have been done in most third world countries like mine although their are massive restriction on bitcoin by the government but that doesn't stop those people who are expose to this Wonderful knowledge about bitcoin to start sharing among folks who have wrongs perception about bitcoin. Bitcoin have so far grown so fast since its early creation and there have serious misconception about it created in the minds of the public by the government but we are once to help clear this misconception and aid more people to properly understand this bitcoin technology.

[isaac_clarke22]

Statistically 385,000 persons are born into different families across the globe, that's to say 385,000 offsprings come into this world everyday, just imagine all of this individuals having knowledge of Bitcoin.

But those 385k just happens to have different preference when they grow up. Some might appreciate the Gen Z setup and some would be brainwashed or get used to the oldies setup like the traditional adding up to the fact that surely there would be those that would come from 3rd world country and even living in the rural areas where accessibility to technology is quite......bare.

It's fine if people wouldn't happen to learn Bitcoin in the first place. It's not like we're really desperate to invite people in here.

If they seek for freedom with their money, surely they'll find Bitcoin in no time.

I don't think relying on newborns when thinking of Bitcoin adoption is very helpful because, well, they're newborns (so it'll take 18 years till they're allowed to invest), and because of child mortality.
Of course, knowing about Bitcoin is necessary for investing in Bitcoin, but it's also insufficient. Education is important, and telling people here and there about Bitcoin is useful, but only if they want to hear about it and if it feels safe to tell them about it. Introducing Bitcoin into school education (as some are doing) is a great way to reach the children and make them aware of Bitcoin. Bitcoin being mentioned in movies and TV shows is also helpful to at least spark initial interest.

Surely the topic is assuming that they'll be now over the legal age although that kinda grabs my attention if there's like ELI5 of Bitcoin or crypto.

[demonica]

Over the past years, there's an obvious growth in Bitcoin adoption and awareness. The use of the internet helps a lot in spreading awareness about Bitcoin easier to a lot of people. But of course, the majority of the population still probably don't know anything about Bitcoin. Others may have heard of Bitcoin but they are not interested to engage with it maybe because they don't know anyone who can teach them closely about Bitcoin. But I think there's no need to worry about the increasing world population and the number of people who are familiar with Bitcoin. It's already good to know that Bitcoin adoption is increasing every year.

[KingsDen]

Bitcoin looks very unreal to non bitcoiners because of lack of publicity and awareness

It all depends on the part of the world you come from. When you talk about awareness, Bitcoin is among the new technologies that have gotten the most awareness.
During every bull run, you will see how Bitcoin will trend in every social media, especially twitter. In fact, everyone that uses internet should in one way or the other hear about Bitcoin.

So people who do not have access to internet, are the people that aren't that informed about Bitcoin. However, if they do not have access to internet, they did not also deserve the information of Bitcoin because they cannot operate Bitcoin being offline. At least they should have internet accessibility before they talk about investing in Bitcoin.

[RockBell]

Statistically 385,000 persons are born into different families across the globe, that's to say 385,000 offsprings come into this world everyday, just imagine all of this individuals having knowledge of Bitcoin.

The question becomes after acquiring the knowledge about this powerful digital currency (Bitcoin) by this group of people how many of them will purchase or invest later in other to keep it  running to get attraction of more interested fellows.

Adoption of Bitcoin starts with you and me and this is done by good publicity through appropriate channels making people to know what they tend to benefit as the market bum as well as the negative impact during the down- trend.

Bitcoin looks very unreal to non bitcoiners because of lack of publicity and awareness, just imagine educating your siblings, your children, parents and people you come across everyday about Bitcoin their would have been more interested investors than we have now, this would have enable Bitcoin to rise because of the market competition and HODL will benefit more in this kind of situation.

The price is not encouraging, and many people still seem uninterested, but they may not be aware that this is the best time to buy. You'll notice that once the price starts increasing, that's when you start seeing a lot of people interested in investing in bitcoin. The government made a great decision by investing in bitcoin when the bull run began, which should strengthen the country's economy even though El Salvador made cryptocurrency legal tender. Not everyone will still utilize it, however.  Since a few years ago, increased public knowledge has increased interest in bitcoin relative to earlier years. Nowadays, you can hear bitcoin almost everywhere and everyday.

[Die_empty]

Adoption of Bitcoin starts with you and me and this is done by good publicity through appropriate channels making people to know what they tend to benefit as the market bum as well as the negative impact during the down- trend.

Your view is correct to some extent. For us to enjoy some of the benefits of bitcoin such as P2p trading that promotes privacy we need to promote bitcoin. I am also elated that you included that as we do our publicity both the positive and negative consequences of hodling bitcoin should be unveiled to our listeners or target. But Bitcoin is not for everybody, so you might not receive the attention you might expect from them. And due to the economic challenges and the get-rich-quick syndrome that is popular now, people prefer to invest in projects that promise instant returns. But this will not stop us from telling people about what we are benefitting from.

Bitcoin looks very unreal to non bitcoiners because of lack of publicity and awareness, just imagine educating your siblings, your children, parents and people you come across everyday about Bitcoin their would have been more interested investors than we have now, this would have enable Bitcoin to rise because of the market competition and HODL will benefit more in this kind of situation.

I want to tell everybody I know about bitcoin but some factors are restricting me. One of them is security concerns. People might feel that you have become rich if tell them that you hodl Bitcoin. Some people will blame you if they incur losses. You can only enlighten them but let them decide to invest or abstain.

[avikz]

Statistically 385,000 persons are born into different families across the globe, that's to say 385,000 offsprings come into this world everyday, just imagine all of this individuals having knowledge of Bitcoin.

The question becomes after acquiring the knowledge about this powerful digital currency (Bitcoin) by this group of people how many of them will purchase or invest later in other to keep it  running to get attraction of more interested fellows.

Having knowledge will be great but may bring disaster for the Bitcoin network. If you are seeing the current situation with crazy high fees just because of some BRC-20 token, then you can imagine what the Bitcoin network would face if we add 385,000 people to the Bitcoin network every single day!

Bitcoin network can't handle such high traffic. LN can help but to a certain extent and also it is a sidechain. Unless the Bitcoin network goes through an overhaul to be capable of handling such exorbitant traffic, it will be great if they stop at acquiring knowledge only.

You cannot claim absolute perfect bitcoin, everything has its pros and cons, and bitcoin is no exception. The sudden fee increase of the past few days is a matter of concern to everyone, but I believe it will return to normal soon, and the developers will find a solution to fix that problem in the future so that the bitcoin network becomes better. Moreover, if we compare the pros and cons, it is clear that the benefits of bitcoin give us more than its disadvantages. We do not need to worry too much just because we look at a few disadvantages that forget the outstanding benefits it brings us.

I wouldn't disagree with the fact that everything in the world has pros and cons and Bitcoin is no exception. Do you think I will be very happy if Bitcoin stays like that? Absolutely no! I too want Bitcoin to back to normal sooner than later. But with all these nonsense ordinals are making the network unusable. So at this point, Bitcoin seems like an investment more than a currency system.

Bitcoin network honestly needs an overhaul. not via the sidechain but in the main chain. Probably block size increase is one of the long term solutions devs can bring in. But it's ongoing since a long time and nothing has happened till date.

[SOKO-DEKE]

I don't think the term "Bitcoin" is new to the world anymore. I think many people have heard of it, but they weren't particularly interested, which is why they chose not to learn more about it. I also think that people are talking about Bitcoin and cryptocurrency on social media, so I think anyone who uses the internet should be aware of it.

Given that not all nations permit the use of Bitcoin, it will be challenging to raise awareness in those nations where the government has prohibited it uses. As for me, I've tried to spread awareness of Bitcoin among my closest people, but not all of them seem to develop interest. Nevertheless, I have faith that more people will join the cryptocurrency industry over time. Bitcoin has only been around for a few years now, and at the rate at which people are adopting it despite  government restrictions, I can say that things are progressing. People will adopt Bitcoin gradually; we don't need to push them to do so.

[Botnake]

A significant portion of the global population remains unaware of Bitcoin, and there is currently no precise data available on the percentage of people who are familiar with it. While only a few countries recognize Bitcoin as legal tender, it becomes challenging to raise awareness in other countries where Bitcoin is not accepted due to various restrictions. Nonetheless, those of us who are familiar with Bitcoin can still promote awareness by sharing information with our family and close friends, even in situations where the government does not accept it.

Until bitcoin not globally adopted as a legal currency or even investment, majority of the people in the world will stay unaware and uneducated about bitcoin and crypto market. However, with the few bitcoiners all over the world, although it’s hard to make a successful promotion for bitcoin, but if we do it altogether, we can still make a big difference and at some point, we can change the negative mindset of the people towards bitcoin. With patience and persistency on our goal for bitcoin promotion, I guess it will still be possible to expect positive changes in the long run.

[GreatArkansas]

Adoption of Bitcoin starts with you and me and this is done by good publicity through appropriate channels making people to know what they tend to benefit as the market bum as well as the negative impact during the down- trend.
(....)

Exactly, a simple act will help Bitcoin to grow and become known to most people in the world. For example, accepting Bitcoin businesses, small or big businesses will be helpful.
Government support also will be helpful because there are some countries that don't support Bitcoin for their people.
Convenient platforms, where people will not find difficulty using these platforms that interact with Bitcoin, could be a personal wallet, centralized or decentralized exchange, because expect that these people will use it on their daily lives.

[Yatsan]

Awareness alone, of the existence of this technology won't be enough to trigger mass adoption. For ure you know people who are aware of what Bitcoin is, but are choosing not to engage into it. One reason is probably regulation. They don't trust this technology enough and also, usage and accessibility. Only a few companies are accepting cryptocurrencies as a mode of payment and it happened that not all prople are into investments which leaves them a choice to not be too interested in this industry. The risk involved regarding market price volatility is also another thing that they consider. It would take initiative in order for mass adoption to totally happen.

[romero121]

Even now we were able to see a very small percentage of people aware about bitcoin and other cryptocurrencies. People have known about it, but they're not getting used to it. Even in the country (El Salvador) where bitcoin is considered legal tender people aren't much aware of it. After years the government have begun different awareness programs to make people use bitcoin on their needs.

For now the acceptance of bitcoin and other cryptocurrencies can be seen accumulated in specific region. This will change through the awareness, however the role of government is always a big thing. If governments were supportive bitcoin could've got a big usage. We can't expect government stand for bitcoin as they're fearful about its decentralised usage.

[Claymore2]

Bitcoin's awareness is rapidly expanding as the world leans towards technology. It has the potential to revolutionize transactions and gain widespread adoption. As a digital asset, Bitcoin offers individuals the opportunity to make secure online payments and purchase goods. In an increasingly digital world, Bitcoin emerges as a unique and compelling option for financial transactions and online commerce.

[famososMuertos]

This issue of thinking that adoption depends on certain factors such as the "hi, bitcoin,"  its learning, governments or the classic teaching bitcoin with your friends... etc.

Adoption is really something that vibre, it is there, with its deficiencies but have "flow" in how it is happening. Hence things like "they do not want to be knowing bitcoin" or "learn bitcoin" are brief speeches or thoughts inherited from of the recent past of bitcoin.

Today. There is nothing, absolutely nothing preventing you from learning about bitcoin and then accessing it;buying selling it, or just holding it, no rocket science with that.

So, why think that adoption is never good or bad, that is relative from the point of view from which you look at it, bitcoin only needs trust. Then, as long as there are two guys who want to exchange bitcoin, adoption It will be present, it is something cyclical. The point is that a quantitative adoption item does not necessarily determine the success or failure of bitcoin.