Education and money as the key to Bitcoin adoption.

[bitzizzix]

I'm sure everyone knows about bitcoin because nowadays there are a lot of advertisements on social media, television and so on and maybe because they don't understand how it works.
and this being the main reason why they don't buy bitcoin is the confusion and lack of understanding of bitcoin and the main finding is that having basic crypto knowledge is the most likely driver of adoption.
so education is a major factor and this cannot be found in school or anywhere else, and the self awareness to find and learn it on their own will allow them to use their money to buy bitcoins after realizing that bitcoin is the best investment and also the safest.
and in my opinion from time to time many bitcoin user investors continue to improve and develop, so let bitcoin run as it is because in the end everyone gets involved after realizing and finding their own way to educate about bitcoin as a whole and get involved.

[serjent05]

Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts

I don't need to understand technical things of Bitcoin, its open source code to use it. If you want to use it, it's simple than you think. If you want to use it more effectively, learn a little bit. If you want to engage in development, learn to code with deep technical knowledge. Different Bitcoin enthusiasts, different needs and different approaches.

We still need to understand the basic procedure of Bitcoin.  Because without knowing the basic technical aspect of Bitcoin, we will be worrying for nothing.  Like when your transfer is delayed, you might be worrying to death especially when you send a huge amount of BTC if you don't know about the transaction fee charges and the CPNP and RBF that will enable us to hasten the confirmation of our transaction if we accidentally send the transaction with minimal fee.

We know that money plays a major role in Bitcoin investment and adoption, over the time many people have complained that money has deprived them of the opportunity to partake in Bitcoin, after getting the knowledge of how the currency works, please my advice to every Bitcoin enthusiast is that no knowledge is a waste, you may not have the money to invest today, but learning about this technology is the first stage you have to cross in other to get the main thing.

You can learn with Bitcoin Testnet, use Bitcoin Testnet if you want to understand it, practice with its testnet blockchain before use it on the main chain.

This is a great advice which many of us forgotten.  Most of us does not bother to use the Bitcoin testnet and immediately jump to the main net and do transactions.

You don't need to have money, it is not a mandatory requirement. If you have knowledge and skills, you can work to get bitcoin. You don't even have to spend money to buy it. Using money to buy bitcoin is only one of many options. Besides using your knowledge, skills about Bitcoin to work and get it, you can get it if you have a small business, a grocery and accept Bitcoin from your customers.

Money is the mandatory requirement if a person wanted to invest in Bitcoin.  Even if he wanted to invest in knowledge, a person needs to buy the necessary devices to learn and process  Bitcoin.

[hannahB4]

When I joined this forum in 2017, I didn't join with any money with me, as I was still an undergraduate but my mentor introduced me to this forum knowing that and things were pretty good then because I joined many airdrops and did many signatures for a year which earn me five figures as at then before I sold the coin to invest in bitcoin. It's a matter of diligence, money will come and you will invest.

[AmoreJaz]

Starting any business, whether in real life or with Bitcoin, requires a combination of knowledge and financial resources. Both elements are essential for success. Without knowledge, money alone is insufficient, and without money, knowledge alone cannot enable you to initiate a business venture. Therefore, the same principle applies to Bitcoin. Engaging in Bitcoin investments requires both expertise and capital. It is crucial to educate oneself about Bitcoin, particularly its technical aspects, in order to effectively embrace the technology and capitalize on its potential for financial gain. Neglecting this educational aspect may lead to regrettable consequences down the line.

that is true, bitcoin market is no different with other businesses. and every business you want to venture with, you definitely need to do your due diligence before you start spending money on any of it. because if you invest blindly, the likelihood of losing it is high.
and when it comes to bitcoin adoption, people are heading that way already. as they are seeing feeds about crypto, bitcoin, doge and other alts in social media platforms, some are getting curious and try to learn about it. education is the key to understand what's going on here and not be ignorant about the facts.

[Dzwaafu11]

Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,

What you mentioned are not the major challenges of bitcoin right now, and for everyone who wants to invest in bitcoin, the technical aspect of bitcoin is not necessary for them, and those who want to use bitcoin for transactions still don't need the technical aspect, in my opinion. What this type of person wants is just a little knowledge about bitcoin; for investors, what they need is how the market operates and some other key knowledge about it, how they store their bitcoins, and also the risks involved. However, do you know that the technical aspects of bitcoin can discourage someone from investing? The fact that some people don't like stress and some wealthy men today also like to invest in bitcoin means that they don't have time to focus on the technical aspects of bitcoin.
 

even funds to invest but for sure many of them want the knowledge to prepare them for future possible investments.

Money is crucial to investing; in fact, you can't do it without it. However, if a person is prepared to invest in bitcoin and other crypto currencies, they can do so. If you are prepared to invest, you can earn money in these forums and use it to buy bitcoin. Many of us arrive at the forum with no money to invest, but we have hodl some bitcoin today. We will use the money we have here to invest in bitcoin instead of using it for our everyday expenses.

[Alpha Marine]

Unlike what many people always say, I personally think that bitcoin is doing great in terms of adoption. Rarely will you see anyone who uses the internet that have not heard about Bitcoin. Many people have heard about bitcoin and many also understand that bitcoin is not scam.

There's a difference between hearing about Bitcoin and understanding what it is. There's also a difference between understanding what Bitcoin is and using Bitcoin. There are those who understand it, yet are still against it.

I agree that a lot of people that use the internet have heard of Bitcoin, but a very good number of them have the wrong idea about Bitcoin. Some see it the way people see stocks in those days; an investment that only the rich can partake in.
Some don't even know that it's a currency. It was sold to them as something they can invest in and get profit within a certain period.

I believe Bitcoin can do better in terms of adoption , but I also believe it's doing relatively well, because I know stuff like this takes time but we should also not delude ourselves into thinking Bitcoin will be accepted globally anytime soon. We just have to keep playing whatever small part we're playing however insignificant it might seem.

[JoyMarsha]

Unlike what many people always say, I personally think that bitcoin is doing great in terms of adoption. Rarely will you see anyone who uses the internet that have not heard about Bitcoin. Many people have heard about bitcoin and many also understand that bitcoin is not scam.

Talking about technicality of bitcoin, it is true that not everyone understands the technical aspect of bitcoin but the most important thing is that you do not need the technical knowledge of bitcoin in order to invest in it. Knowing how to send and receive bitcoin is OK for anyone who wants to invest in bitcoin.

Correct. In addition to that, If you can know how to invest with the amount you can afford to lose, knows how to be a patient investor, know how not to be moved by the bitcoin price, knows when to apply a DCA strategy, and also has a long term investment plan of bitcoin. That will be more okay for someone who wants to go on with bitcoin investment.

[Wend]

...snip...but I also believe it's doing relatively well, because I know stuff like this takes time but we should also not delude ourselves into thinking Bitcoin will be accepted globally anytime soon. We just have to keep playing whatever small part we're playing however insignificant it might seem.

In addition to many people's illusion that bitcoin will soon be accepted globally. Many people are still delusional and spreading false information about bitcoin like it is a tool to help alleviate poverty, reduce unemployment or will help the world economy prosper...too much exaggerated news is unnecessarily being spread. I think this also contributes to the fact that many people understand bitcoin well but still hate it because they are realists and like the truth. We spread misinformation like we are turning bitcoin into a Ponzi scheme that makes many people dislike bitcoin, dislike bitcoin community.

[n0ne]

...snip...but I also believe it's doing relatively well, because I know stuff like this takes time but we should also not delude ourselves into thinking Bitcoin will be accepted globally anytime soon. We just have to keep playing whatever small part we're playing however insignificant it might seem.

In addition to many people's illusion that bitcoin will soon be accepted globally. Many people are still delusional and spreading false information about bitcoin like it is a tool to help alleviate poverty, reduce unemployment or will help the world economy prosper...too much exaggerated news is unnecessarily being spread. I think this also contributes to the fact that many people understand bitcoin well but still hate it because they are realists and like the truth. We spread misinformation like we are turning bitcoin into a Ponzi scheme that makes many people dislike bitcoin, dislike bitcoin community.

In one part of the world things were taking place with the positive news about bitcoin getting shared whereas in the other side the negative thing is happening around. As said this can be kept in control only through the proper awareness and education that lets people to understand the real purpose for which bitcoin existed and how good it is getting used around.

[Fullcoinese]

Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,

as you mentioned there are many background issues that cause someone still doesn't understand Bitcoin. then there is another thing, namely the prohibition of the use of Bitcoin by the government will also discourage someone from learning Bitcoin as well.
teaching and introducing Bitcoin is fine as long as we have to make sure we are capable and have good knowledge first before preaching about Bitcoin to others and we have to have a mature and structured plan to introduce Bitcoin not just introduce it then after that there is no further Again.

[isaac_clarke22]

~

Well there were news that some schools and universities are now adopting courses for blockchain as well as crypto. It's a good curriculum actually for Economics subject. Stuff like Bitcoin can be taught anyway, but it would help to still self study it since resources out there are free anyway.

It's just like learning hobbies that you aren't naturally good at. Courses out there in Youtube are free. If I would be given a choice in earning another Bachelor Degree specializing in Economics with curriculum of Bitcoin written into it or just learning Bitcoin around the internet, I would prefer just doing it via the internet.

 

[Afnan_faizah]

When there is a need then there is business opportunity, Cryptocurrency related company can help those people who don't have access to internet by build infrastructure and help them to get education that they need. This kind of CSR will benefits the company a lot. the company will gain popularity and environment to grow it's business. if the problem is related to infrastructure, it seems that it can not be solved by individual person. it's must be a big legal group so they can cooperate with the government. but every effort is meaningful, it's better than didn't do anything.

[Stella Mese]

When I joined this forum in 2017, I didn't join with any money with me, as I was still an undergraduate but my mentor introduced me to this forum knowing that and things were pretty good then because I joined many airdrops and did many signatures for a year which earn me five figures as at then before I sold the coin to invest in bitcoin. It's a matter of diligence, money will come and you will invest.

yes, perseverance is one of the requirements to become a good btc investor, with perseverance someone will certainly have the opportunity to be successful in the future. but of course money is really needed in investing in btc because many people who invest in btc have failed but that person learned from the experience of his failure and finally he managed to become a successful investor because he learned from his experience. so in this case experience is also very necessary.

[tread93]

Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,

This group of people might not have access to an internet service to get involved in this technology or even funds to invest but for sure many of them want the knowledge to prepare them for future possible investments.

In the absence of internet service the diagrammatic explanation of how the technology works can also help locally.

Generally, the teaching of system transparency may encourage mass adoption when the example is been shown practically.
Some of us never thought of being where we are today in the Bitcoin world, but because of the knowledge we got on how reliable, fast, and decentralized Bitcoin is, we tried and it worked perfectly as we expected.

Some people don't care about Bitcoin because they don't understand how
It works and how it is, and I have made it an obligation to help people that I tell about Bitcoin, that has found it interesting to reach the extent of comprehending what Bitcoin is, and also make them know that the technology has come to stay, irrespective of the availability of cash for investment, acquire the knowledge.

We know that money plays a major role in Bitcoin investment and adoption, over the time many people have complained that money has deprived them of the opportunity to partake in Bitcoin, after getting the knowledge of how the currency works, please my advice to every Bitcoin enthusiast is that no knowledge is a waste, you may not have the money to invest today, but learning about this technology is the first stage you have to cross in other to get the main thing.
So the other stuff which is money becomes secondary, continue pushing, any day you get the funds to invest in your own time, stop limiting yourself by not being prepared before the money comes will be considered as the greatest mistake, be yourself don't be in a hurry more things may unfold before you invest maybe you might be lucky bitcoin for one bitcoin for everyone.

Ah yes, was just discussing this idea with another forum member. There definitely needs to be a better education of bitcoin, a timeline and layout of important events that have transpired, and so much more is crucial to maximizing adoption. There are a lot of ways to do this, which way is best and who can come up with it is the question. Hopefully we will see something good develop in this regard in the future 👍

[bayu7adi]

When there is a need then there is business opportunity, Cryptocurrency related company can help those people who don't have access to internet by build infrastructure and help them to get education that they need. This kind of CSR will benefits the company a lot. the company will gain popularity and environment to grow it's business. if the problem is related to infrastructure, it seems that it can be solved by individual person. it's must be a big legal group so they can cooperate with the government. but every effort is meaningful, it's better than didn't do anything.

In this relatively small cryptocurrency realm, providing substantial initial support proves to be exceedingly challenging. Both internet infrastructure and cryptocurrency operations entail significant costs. As long as education about cryptocurrencies remains unevenly spread, these infrastructural elements won't effectively serve as supportive tools.

In certain countries, cryptocurrency start-ups face a lack of trust from the government, which indeed poses a major obstacle for those seeking to contribute to the world of cryptocurrencies.

[Questat]

I'm sure everyone knows about bitcoin because nowadays there are a lot of advertisements on social media, television and so on and maybe because they don't understand how it works.
and this being the main reason why they don't buy bitcoin is the confusion and lack of understanding of bitcoin and the main finding is that having basic crypto knowledge is the most likely driver of adoption.
so education is a major factor and this cannot be found in school or anywhere else, and the self awareness to find and learn it on their own will allow them to use their money to buy bitcoins after realizing that bitcoin is the best investment and also the safest.
and in my opinion from time to time many bitcoin user investors continue to improve and develop, so let bitcoin run as it is because in the end everyone gets involved after realizing and finding their own way to educate about bitcoin as a whole and get involved.

In addition to this, many people proclaim themselves as an expert and created their own assumptions which also arises confusion and doubts. While there is a contradict opinions on the internet, we can still see people remain doubtful and ignore Bitcoin. And as long as scams still happening, the more it thinks that Bitcoin is not safe and is a scam thing.
It could be a proper education could help it out but I can't think it really convince everyone to adopt, some will still low and remain on fiat money.

[fuguebtc]

I'm sure everyone knows about bitcoin because nowadays there are a lot of advertisements on social media, television and so on and maybe because they don't understand how it works.
and this being the main reason why they don't buy bitcoin is the confusion and lack of understanding of bitcoin and the main finding is that having basic crypto knowledge is the most likely driver of adoption.
so education is a major factor and this cannot be found in school or anywhere else, and the self awareness to find and learn it on their own will allow them to use their money to buy bitcoins after realizing that bitcoin is the best investment and also the safest.
and in my opinion from time to time many bitcoin user investors continue to improve and develop, so let bitcoin run as it is because in the end everyone gets involved after realizing and finding their own way to educate about bitcoin as a whole and get involved.

In addition to this, many people proclaim themselves as an expert and created their own assumptions which also arises confusion and doubts. While there is a contradict opinions on the internet, we can still see people remain doubtful and ignore Bitcoin. And as long as scams still happening, the more it thinks that Bitcoin is not safe and is a scam thing.
It could be a proper education could help it out but I can't think it really convince everyone to adopt, some will still low and remain on fiat money.

Lack of education or too many scams are among the reasons many people stay away from bitcoin. But in my opinion, education or money is not the main key for people to accept bitcoin. I have always held the view that if the government legalizes bitcoin and allows people to use it to the fullest extent, then bitcoin adoption can happen quickly. Governments are key in helping bitcoin achieve global popularity. Education will also be ineffective without government approval.

[xSkylarx]

I'm sure everyone knows about bitcoin because nowadays there are a lot of advertisements on social media, television and so on and maybe because they don't understand how it works.
and this being the main reason why they don't buy bitcoin is the confusion and lack of understanding of bitcoin and the main finding is that having basic crypto knowledge is the most likely driver of adoption.
so education is a major factor and this cannot be found in school or anywhere else, and the self awareness to find and learn it on their own will allow them to use their money to buy bitcoins after realizing that bitcoin is the best investment and also the safest.
and in my opinion from time to time many bitcoin user investors continue to improve and develop, so let bitcoin run as it is because in the end everyone gets involved after realizing and finding their own way to educate about bitcoin as a whole and get involved.

In addition to this, many people proclaim themselves as an expert and created their own assumptions which also arises confusion and doubts. While there is a contradict opinions on the internet, we can still see people remain doubtful and ignore Bitcoin. And as long as scams still happening, the more it thinks that Bitcoin is not safe and is a scam thing.
It could be a proper education could help it out but I can't think it really convince everyone to adopt, some will still low and remain on fiat money.

Lack of education or too many scams are among the reasons many people stay away from bitcoin. But in my opinion, education or money is not the main key for people to accept bitcoin. I have always held the view that if the government legalizes bitcoin and allows people to use it to the fullest extent, then bitcoin adoption can happen quickly. Governments are key in helping bitcoin achieve global popularity. Education will also be ineffective without government approval.

Your knowledge and money will be useless if the government bans Bitcoin in your country. You are right, the government is really the key because if the government supports it, the people will follow. Though it is not the only reason why they aren't adopting bitcoin is because they heard about it from illegal things that were shown or heard in the news. That is the first time those people heard about it, and if they hear it again, they will be thinking again that it is like money for illegal things.

[Blitzboy]

`

Your knowledge and money will be useless if the government bans Bitcoin in your country. You are right, the government is really the key because if the government supports it, the people will follow. Though it is not the only reason why they aren't adopting bitcoin is because they heard about it from illegal things that were shown or heard in the news. That is the first time those people heard about it, and if they hear it again, they will be thinking again that it is like money for illegal things.

Government rules and policies surely affect Bitcoin and other cryptocurrencies' broad adoption. They can ease or hinder change. Bitcoin is widely stated to be used in illegal activities, although this is an oversimplification. Remember that conventional currencies have also been used illegally, but they have escaped the moniker "money for illegal things." Criminals can't hide on the blockchain, and Bitcoin transactions may be traced. Bitcoin has improved from its darknet market days. We must overcome these illusions to appreciate Bitcoin and other cryptocurrencies.

[serjent05]

`

Your knowledge and money will be useless if the government bans Bitcoin in your country. You are right, the government is really the key because if the government supports it, the people will follow. Though it is not the only reason why they aren't adopting bitcoin is because they heard about it from illegal things that were shown or heard in the news. That is the first time those people heard about it, and if they hear it again, they will be thinking again that it is like money for illegal things.

Government rules and policies surely affect Bitcoin and other cryptocurrencies' broad adoption. They can ease or hinder change. Bitcoin is widely stated to be used in illegal activities, although this is an oversimplification. Remember that conventional currencies have also been used illegally, but they have escaped the moniker "money for illegal things." Criminals can't hide on the blockchain, and Bitcoin transactions may be traced. Bitcoin has improved from its darknet market days. We must overcome these illusions to appreciate Bitcoin and other cryptocurrencies.

Yeah, government regulation is one of the great challenges of Bitcoin adoption.  But it looks like the path for Bitcoin adoption is somehow clear now because there are politicians who intend to back up Bitcoin and one US presidential candidate even wanted to make Bitcoin as back up to the dollar.  If this happen I could not imagine how huge the market will be boosted.

Although Bitcoin had been tarnished by being used in illegal activity before, Bitcoin blockchain being transparent gives light that it is very risky for criminals to use it for their illegal engagement.