Awareness as the major force for Bitcoin adoption

[Agbe]

Statistically 385,000 persons are born into different families across the globe, that's to say 385,000 offsprings come into this world everyday,

How do you come to know that figure from bedroom without making research? I am a little bit confused of a mortal being knowing that number with a link is... All what I mean is where did you get that number of persons giving birth everyday. For the bitcoin awareness, I can't not say no country in the world is ignorant of bitcoin just that they the people in various countries that even aware of the currency refused to use it because they have different believe on the coin.
That is almost everyone is aware of the coin but not everyone is interested to use it because different orientation have been given to them.

[Viscore]

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 only motivating factor for people to invest is profit.  As long as they know they can get profit from the investment, they won't hesitate to put their money in that venture.  It is expected that if we keep on telling people about the opportunity and the possible profit they get from investing in Bitcoin, there will be surely new investors created every day.  If they don't see a profit on the topic we are sharing, they will never get interested to invest in Bitcoin.  Like when we shared Bitcoin and discuss the technicalities of it, I doubt there will be interest to invest.  

So it all goes down to how well we are in informing people about the benefits and profits if they participate in Bitcoin.

This has a good point. People invest not only because they are highly knowledgeable about it, but because bitcoin investment yields huge profits particularly for those who knows well when to enter and exit in the market. So awareness is not enough, but it’s an essential key so that people will gain interest and be convinced to invest in bitcoin. And as long as profits are always attached to bitcoin, people will develop more eagerness to educate themselves so they can come up profitable through investing in bitcoin.

[Tony116]

I wouldn't disagree with the fact that everything in the world has pros and cons and Bitcoin is no exception.

If you disagree, can you tell me which product has no disadvantages and is absolutely perfect?

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.

No one is happy when fees are rising, and congestion is happening on the bitcoin network. But it happened, and we need to accept the problem and find the solution to the problem, not complain.

So at this point, Bitcoin seems like an investment more than a currency system.

I suspect even if bitcoin has cheaper transaction fees like when we use LN, I don't believe it will ever become a monetary system. The problem is not with bitcoin, but with us, because we want it as an investment to make a profit, no one wants to use it as currency.

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.

I also heard about it years ago, but it hasn't happened yet as the bitcoin network has been considered stable for many years. But through this incident, I think the problem is more present, it is more likely that the developers will accelerate the block expansion to fix the problem completely.

[Fesatmas]

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 only motivating factor for people to invest is profit.  As long as they know they can get profit from the investment, they won't hesitate to put their money in that venture.  It is expected that if we keep on telling people about the opportunity and the possible profit they get from investing in Bitcoin, there will be surely new investors created every day.  If they don't see a profit on the topic we are sharing, they will never get interested to invest in Bitcoin.  Like when we shared Bitcoin and discuss the technicalities of it, I doubt there will be interest to invest.  

So it all goes down to how well we are in informing people about the benefits and profits if they participate in Bitcoin.

I don't think you need to do it as great as that, we will find a surge in adoption when the market is bullish and bitcoin will print new ATH or bitcoin really print a new ATH, it will cause a surge of adoption, if seen now it is quite quiet and only a few people are consistent Investing in Bitcoin because the market conditions are boring and there is no significant movement, so that maybe among Bitcoiners just silent because the price is still below, usually they tell stories when Bitcoin gets the best price, and makes people become interested in investing in Bitcoin.
If I am too hard to motivate others to invite investing and connect it with profits, it will only make us considered fraudsters because Bitcoin runs stagnant in this phase.

[bangjoe]

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.

Precisely because of that, there is still a prohibition or restriction in accessing Bitcoin in other countries, some of us prefer to hide the ownership of Bitcoin that we have, both from friends or closest people like family, to maintain the security of their assets.
I am a person who agrees when other people introduce Bitcoin to their families and their environment, but I personally better be quiet and hold my bitcoin safely. Bitcoin that I have seems to be a part of me and is one of the privacy of myself even though in my country Bitcoin has been legitimate in its trade.

Maybe I will invite others when I already have a decent advantage from Bitcoin, because to be honest when my life hasn't changed, those I introduce to Bitcoin and invite them to invest in bictoin, of course they laugh at me if my economic situation is still stagnant, then from I better keep quiet first and invite them after I get changes.

[hannahB4]

For my country among the youth and teenagers, I think the publicity is enough for us to be ranked 2nd. Whenever I see this subject, it bothers me because we take Bitcoin as food, not everybody has eaten 3 Square Meal for them to be taught about Bitcoin, majorly I take Bitcoin as an investment on a long-term basis anybody who doesn't have this same view can't even introduce you to it. Awareness is good bitcoin only if the utility is met.

[TimeTeller]

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.

Precisely because of that, there is still a prohibition or restriction in accessing Bitcoin in other countries, some of us prefer to hide the ownership of Bitcoin that we have, both from friends or closest people like family, to maintain the security of their assets.
I am a person who agrees when other people introduce Bitcoin to their families and their environment, but I personally better be quiet and hold my bitcoin safely. Bitcoin that I have seems to be a part of me and is one of the privacy of myself even though in my country Bitcoin has been legitimate in its trade.

Maybe I will invite others when I already have a decent advantage from Bitcoin, because to be honest when my life hasn't changed, those I introduce to Bitcoin and invite them to invest in bictoin, of course they laugh at me if my economic situation is still stagnant, then from I better keep quiet first and invite them after I get changes.

I can understand why a lot still has hesitations in introducing bitcoin even to their closed families.
They don't want to be judged according to what they have in this market aside from the privacy they want to keep.
It would take time for them to let others know what he's into because of some personal considerations.
In any case, we can't expect anyone who is into crypto to be open about his crypto dealings because of the stigma surrounding it.
The adoption usually comes from the social media, attracting the interests of newcomers. However, there are many misconceptions they can formulate within them.
Only the actual experience can teach them how it is being in this market, and the see the reality about this technology.

[BVeyron]

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.

Awareness surely is the thing in the adoption of cryptocurrencies. And, in general, the more people get knowledge about crypto, the more business initiatives start working directly with crypto without BTC to $ transfers. This is the chance (weak but however existing) for people to have financial stability in case of dollar (or other fiat) inflation.

[JoyMarsha]

Educating people about BTC is difficult because the discussion usually ends up in their desire to get wealth from it

You can't really blame them for that since that's how the people who introduced them to bitcoin or what they've heard about it as a means of wealth generation are portraying it to them.

People will find it extremely challenging to shift their attitudes toward bitcoin. The only components of bitcoin that are genuinely discussed are how to invest, hodl and profit. When the money is not made as anticipated, people start spewing nonsense about how they put a large sum of money in bitcoin and are yet to have enough profits out of it.

However, given that people are interested in bitcoin for its potential to increase wealth, we shouldn't stop there. We should only impart to them what is necessary, such as the fact that bitcoin does not create riches. They should invest at their own risk

[flyingcarpet]

Most of the world's population has no idea about Bitcoin. Among those who know Bitcoin, the number of those who invest and use it is small. These numbers will increase over time, but it may take a very long time to reach the desired level. These numbers may seem a lot to us because our environment is composed of people like us, but fewer people know and use bitcoin than we think. However, I see from my environment that there is a great increase compared to the past. In this way, it will continue to increase. We must attract those around us to the bitcoin world and inform them as much as we can. By doing so, bitcoin can touch all of humanity.

[landheer]

for now it can still be said that very few people know about bitcoin because there is rarely news on television or newspapers that contains news about bitcoin
but even if someone knows about bitcoin but there are still many who reject it on the grounds that they are afraid of being deceived and so on.

so i agree with your point that awareness is what will make people adopt bitcoin
but I'm sure that one day many people will adopt bitcoin because what I know is that bitcoin enthusiasts are increasing.

[Kaliandra]

I think what will make people mentally adopt bitcoin is the awareness, of wanting to invest in btc. while physically must have money and other tools such as mobile phones, computers and others.

so in my opinion the biggest factor people don't want to invest in btc is mostly due to weak economic factors, because if the economic factor is weak, of course people will only be concerned with living expenses such as buying rice, bread and so.
so I think the main factors that make people adopt btc are awareness and a lot of money.

[Davidvictorson]

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.

Indeed bitcoin awareness plays a vital role in its adoption. Even in awareness about bitcoin, we should know that there are two categories of people that I have seen. The first group are those who are curious about bitcoin. They may be professionals or business people and they want to know more about bitcoin and whether they should add it to their investment portfolio. The second category of people are the regular people who are willing and immediately ready to invest in bitcoin because they have seen how much their friends and colleagues speak about it.

The only motivating factor for people to invest is profit.  As long as they know they can get profit from the investment, they won't hesitate to put their money in that venture.  It is expected that if we keep on telling people about the opportunity and the possible profit they get from investing in Bitcoin, there will be surely new investors created every day.  If they don't see a profit on the topic we are sharing, they will never get interested to invest in Bitcoin.  Like when we shared Bitcoin and discuss the technicalities of it, I doubt there will be interest to invest.  

So it all goes down to how well we are in informing people about the benefits and profits if they participate in Bitcoin.

I remember telling someone about bitcoin and the question the individual asked was, what would be his profit at the end of every month should they invest $1000 into bitcoin. They told me they have that money to spare but do not have the time to learn about it. That they would give me the $1000 to invest in bitcoin but what is the turn over at the end of each month. No other aspect of bitcoin interested them. I left them because even though they are interested in investing in bitcoin they, already started with the wrong mindset about it and where unwilling to change their minds. The don't even want to hear about HODLing for them money shouldn't be sitting idle.

[dr.hopkins]

Bitcoin's rise depends on our collective efforts to educate and inspire others. Let's be the pioneers who ignite the spark of curiosity and fuel the adoption flame.

[irhact]

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.

It's not as easy as you say, you can educate as many people as you want you want but Bitcoin adoption get more attention when the government becomes less hostile to the currency and give a go ahead to approve the use of the currency in their countries. We can't push for adoption of Bitcoin if the government makes it illegal in the country it becomes a crime when you make use of it.

If the problem was that, we're not getting enough adoption because people don't know about Bitcoin then educating then would had been the solution but now it's because the government aren't approving the adoption that's why we're getting less people making use of Bitcoin.

[GiftedMAN]

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.

The adoption of Bitcoin is gradually taking place because a lot of advertisement and publicity as you said has been done over the years irrespective of the fact that a lot of countries are to adopt bitcoin and other cryptocurrencies but I can attest  that people are
Very much aware of Bitcoin. When promoting Bitcoin it is very important for you to inform them of the problems that will be sold in the society if Bitcoin is adopted instead of telling them what the start to gain because they can not gain nothing if they have no knowledge because Bitcoin investment is not like other investments where you invest $50 to gain $150 within a short time.

[Distinctin]

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.

I believe that majority of people have already heard about bitcoin but only few have become interested to learn and increase their knowledge. So I can say that a lot are aware of it already, it’s just that they stick to believe that bitcoin is illegal and is never good to the government and to the people. That’s why most of them have turn their backs into bitcoin. However, it will still be changed if most of the big and reputable companies will start to adopt and accept bitcoin as a currency. Also, releasing ads and promotions about bitcoin online could still be helpful especially for those who have been eyeing for bitcoin as a potential investment.

[romero121]

Even the tech driven people doesn't know about the existence and the successful functioning of bitcoin. This means one in hundred is aware of bitcoin and other cryptocurrencies. More the awareness more will be the usage, because bitcoin and cryptocurrencies weren't the same as we use fiat. Cryptocurrency need to be used based on trust. So, initially there'll be hesitation and people should be trained enough to overcome it.

If you go through the region having more and more number of cryptocurrency accepted stores and other service providers in exchange for bitcoin and cryptocurrency we can experience how high the people are aware of bitcoin and this is simply

[Texac]

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.

I believe that majority of people have already heard about bitcoin but only few have become interested to learn and increase their knowledge. So I can say that a lot are aware of it already, it’s just that they stick to believe that bitcoin is illegal and is never good to the government and to the people. That’s why most of them have turn their backs into bitcoin. However, it will still be changed if most of the big and reputable companies will start to adopt and accept bitcoin as a currency. Also, releasing ads and promotions about bitcoin online could still be helpful especially for those who have been eyeing for bitcoin as a potential investment.

But the question is how big and reputable companies will accept bitcoin as a currency when they are also subject to government control. i think being able to help people have full knowledge of bitcoin requires government intervention, otherwise, it is very difficult. By far, the government is arguably the biggest barrier to bitcoin's popularity.
In my locality, most people in the area have heard of bitcoin, including the elders.  but they don't use and invest in bitcoin because of ignorance and fear of the government, so I think only with government support will we see the popularity of bitcoin.

[taufik123]

-snip-
If you go through the region having more and more number of cryptocurrency accepted stores and other service providers in exchange for bitcoin and cryptocurrency we can experience how high the people are aware of bitcoin and this is simply

But in reality, only some governments can fully accept Bitcoin at the moment.
Those that initially accepted Bitcoin are now starting to remove it from their list of payment options due to changing regulations.

In my country, Bitcoin can only be traded as an investment, it cannot be used as a means of payment in place of fiat.
This makes adoption unlikely to grow.

Awareness for Bitcoin adoption has started to grow, but regulations will oppose it because they don't have full control.
Even now, the implementation of the new crypto asset voter tax regulations is very strict.

-snip-
By far, the government is arguably the biggest barrier to bitcoin's popularity.
In my locality, most people in the area have heard of bitcoin, including the elders.  but they don't use and invest in bitcoin because of ignorance and fear of the government, so I think only with government support will we see the popularity of bitcoin.

Governments are the biggest barrier , they won't just let Bitcoin go without giving them an advantage.
There will be no escaping it. New regulations will always be made.
As long as Bitcoin is decentralized the government will not be able to fully regulate it.

Some local exchanges are also subject to government regulations, otherwise their business license will be revoked and they will be shut down.