Is bitcoin really not for everyone?

[Ndabagi01]

So for me, no amount of educating people about bitcoin is enough, if an individual has the energy to go round his community to talk to people about bitcoin, I think is a welcome development, as long as his giving them the right knowledge on bitcoin education.

Bitcoin has now progressed beyond that point. You don't have to go around with placards and speakers explaining what bitcoin is. We live in a technological age where you can watch anything that is going on in the world from the comfort of your own home. If people do that, it's OK, but it sounds like additional stress to me because some would regard it as forcing them to come and join bitcoin rather than them doing it on their own volition.

In telling people about bitcoin, even if they don't seem to accept it at first, you will see a good number coming to pick interest much later. Just because a person didn't accept your idea presented to him immediately doesn't perfectly mean he has totally rejected for at some point in life he might find reasons to give the idea a try even without you knowing about it. Let's keep the ball rolling bitcoin is here to stay.

People are free to make their own decisions and to think carefully about them, especially when it comes to money. You can only tell and advise, but utilising some of the benefits of bitcoin as a persuasive tactic to draw people into bitcoin is extremely risky because their expectations may not be satisfied, causing them to lose interest completely. It is a gradual process, and no one should be pushed into investing in bitcoin.

[Vaskiy]

Bitcoin is for everyone and the time taken by each individual vary based on the level of understanding as well as their financial situation. If a person was a victim of some ponzi scheme/pyramid scheme and had lost much of money, and we introducing bitcoin to them will surely make them into dilemma whether to believe it or not.

Bitcoin is for everyone, because of the denomination it is possible for everyone to invest/buy based on their affordability. The high price makes the unknown have a thinking that bitcoin is for the rich ones which isn't the reality as there are more possible ways through which one can increase the volume of holding.

[serjent05]

Bitcoin can be used by anyone and its creation is supposed to be the freedom of transaction where any person can do a transaction without the mediation of a third-party financial institution but whether Bitcoin is for everyone or not can be answered by people's preference.  I also agree with what @OP had cited that adoption is a process, people may not understand and don't accept Bitcoin today but somewhere along the way, these people will start learning and using Bitcoin due to circumstances.  Bitcoin is for everyone to use but people has the right and freedom to choose which of the existing currency to use.

[Patrol69]

Bitcoin is not for certain people i.e. everyone can use Bitcoin if they want. No one can stop you from using Bitcoin whether you know about Bitcoin or not. That's why everyone is asked to acquire adequate understanding or knowledge about Bitcoin so that they can protect their Bitcoins properly. I have money I bought bitcoins with that money but if I can't protect the bitcoins then that bitcoin purchase will have no value. Right now I think people in developing countries are also currently using Bitcoin. Since Bitcoin has no specific limit, people from any country in the world can use Bitcoin.

[bayu7adi]

As of now, Bitcoin remains open for adoption by anyone, but certain governments of specific nations have chosen to impose restrictions on its usage. If we were to reverse the question and ask, "Will everyone adopt Bitcoin?" you might reconsider the title you have chosen.

In our current reality, we coexist with the rich and the poor, the intelligent and the less knowledgeable, the young and the elderly. Humanity's diverse backgrounds serve as another constraint that prevents a pure, universal adoption of Bitcoin.

Indeed, anyone is welcome to adopt Bitcoin, but regrettably, there are still some individuals who, due to various circumstances, cannot partake in its adoption.

[isaac_clarke22]

If you care so much about attracting people to Bitcoin, show them the example of your life. If you have achieved something, if you have changed your life, and it is noticeable to others, then you will get a lot of followers for you and your interests.
But as long as a person remains poor and preaches something to people, people, starting from other information, which is very much in the media, will believe those who, in their opinion, have more reliable information.
Do not force people to invest where they are not yet ready to invest, especially since they do not have the funds to take the risk.

Haters gonna hate. I had told some people about my stories with Bitcoin, not for profiting from it but the freedom it can give but that's where I know that even when it comes to money, some people would still be close-minded. Not that I am forcing my knowledge into them anyway, and I am not even aiming to get followers, just plainly saying that it could be interesting to them.

I can imagine what more if I told them about investment. I guess it could be other way around for the outcome. It's definitely not for everybody just like how credit cards do not fancy all.

[purinZ14]

Since we came from a lot of different backgrounds, it’s possible that other people will understand or grasp the concept of bitcoin much easier compared to others. However, this doesn’t mean that the ones who don’t understand it should give up already. You don’t exactly need a degree relating to economics or technology (altho ofcourse it’ll help) to understand btc and investment in general. Like you said there are some of us who are in developing countries where cryptocurrencies isn’t part of the norm but i think if properly educated about the way btc works, anyone can succeed in it. Anyone who is willing and hardworking, that is.

[cryptoaddictchie]

I dont know who said that bitcoin isnt for everyone but considering its decentralized nature, it can be for everyone. Yes it is being purchased with real money but it doesnt mean you cant buy one at a small fraction isnt it? Its not like a premium item like louie vuitton whose not really for everyone since its an expensive product. A tech like bitcoin should be spread and dessiminate for everyone.

[Cvetik56]

I dont know who said that bitcoin isnt for everyone but considering its decentralized nature, it can be for everyone. Yes it is being purchased with real money but it doesnt mean you cant buy one at a small fraction isnt it? Its not like a premium item like louie vuitton whose not really for everyone since its an expensive product. A tech like bitcoin should be spread and dessiminate for everyone.

Everyone is able to buy and use Bitcoin, but it requires at least some research and learning. And not everyone wants to do that, so I don't think Bitcoin will go global anytime soon.

[Mauser]

So for me, no amount of educating people about bitcoin is enough, if an individual has the energy to go round his community to talk to people about bitcoin, I think is a welcome development, as long as his giving them the right knowledge on bitcoin education.
In telling people about bitcoin, even if they don't seem to accept it at first, you will see a good number coming to pick interest much later. Just because a person didn't accept your idea presented to him immediately doesn't perfectly mean he has totally rejected for at some point in life he might find reasons to give the idea a try even without you knowing about it. Let's keep the ball rolling bitcoin is here to stay.

I don't think that education should play a role in wether someone should own bitcoin or not. Of course it's a good thing to fully understand crypto currencies and bitcoins before buying them, but even people that have no clue get advantages from owning bitcoins. Just compare it to stocks, I think everybody would agree that owning stocks makes sense for longterm investing. And even in the case when someone has no clue about stocks and the companies behind them, owning ETFs or investment funds is going to make a much better return than a savings account. The same holds true for owning bitcoins, the long term profit from bitcoins are visable and everybody can profit from them. The key to building resilient portfolios is to diversify in a large number of different assets, cryptos should definitely be a part of it.

[Agbe]

Bitcoin is for everyone who cares about their financial future, especially to have it more in their hands than in the hands of governments and central banks. Everyone to the best of their financial ability.

Bitcoin is not meant for illiterates. Bitcoin is meant for those who can navigate the internet and bitcoin is not meant for the fearful ones. Bitcoin is meant for those who can browse the internet with mobile phones, laptops, desktops and other internet devices. There are some youths I was trying to introduce bitcoin to but all my efforts were null and void because they are 100% illiterate so there is no way I can teach them with bitcoin and they do manual labour to feed themselves. Such farming, cutting grass for neighbors, and other domestic works. Then I came to the understanding that bitcoin is not meant for everyone. Those who are afraid to take risk can not involved themselves in bitcoin because they are afraid to loss their money, and also thinking that they would be scammed through the investment. I told a lecturer about bitcoin and she told me that they would scam her so she will not invest in it so I have to leave her alone.
I still believe that bitcoin is not meant for everyone because it is not the physical cash one can easily use to get what they want but it is a digital currency and not everyone is good with the ICT.

[Alpha Marine]

Bitcoin can be for everybody, but it won't be for everyone. Not everybody will accept Bitcoin and that's fine. You can't force people to accept things that they don't want to. Doing that will go against what Bitcoin stands for. If you can go about preaching the gospel of Bitcoin, then fine, but I don't think that's the way forward.
Educating people on Bitcoin is the reason why this forum exists.
I believe people should find their way when Bitcoin is involved. They don't need to be coerced.

[Popkon6]

Bitcoin is open to everyone just depending on the acceptance of individuals. Middle-aged people may have the best understanding of Bitcoin because they have the highest capacity to receive Bitcoin in any way you can. There are many traders who convert fiat money into Bitcoin without depositing it in the bank. Buying bitcoins with fiat money keeps the key with you and can be used whenever you want and helps you accumulate money.
If you accept bitcoins then the bitcoins are yours. But if you don't accept Bitcoin then Bitcoin is not yours. You can criticize Bitcoin in front of everyone because then if someone shows interest then he should be interested in accepting Bitcoin. But I like to discuss Bitcoin locally so people can know the community about Bitcoin and understand the correct information.

[RewFrew]

Bitcoin is not individualistic it is holistic i think. I think everyone has a right to be involved in Bitcoin. Although There has some problems from government restrictions. But day by day they are being positive considering it’s necessity. Where still Bitcoin restricted There too many people involving quietly. Moreover small investors and Big investors all has right to involve here. I know some small investor who are investing on bitcoin from his salary, and they investing here regularly. I think after certain time they will aslo be a big investor. Both big investors and small investors are coming here. So i think bitcoin is really for everyone.

[KiaKia]

People need to be educated about Bitcoin but we can't force them to learn, if they say NO why must we keep trying to confuse them? Just like you said, it's not going to be easy for many people to accept Bitcoin and that's because we are living in a world where we are raised in a centralized environment, we follow rules and regulations from the government, and they keep the country from falling apart, now Bitcoin was thrown at their faces, something that's created to be free from the same centralized environment that people grown from, it's surely going to be hard.

I saw a reason to break free from that same centralized rulers and Bitcoin seem to be the perfect thing close to what I desire, if people are going to accept Bitcoin it will be because they can make money from it, but if their government tell them that Bitcoin is bad they will stay away, it's this simple, instead of trying to confuse them, the time will come where they will be the ones rushing into Bitcoin.

[qwertyup23]

Like its current status around the world, BTC should not be forced to someone who is not interested with it at all. This also applies to people, despite knowing its potential and opportunities, who really avoids transacting in BTC in the market.

There was a thread which discussed the possibilities of explaining the fundamentals of BTC to a stranger or even a kid. While it may be noble to let anyone understand BTC, it is really not for everyone and you cannot just shove it directly to others and expect them to actually have interest on it.

To conclude, just like any possible investment or idea, nothing is permanent. Meaning, no idea is perfect; there will always be a group of people who hate or just refuse to use BTC despite knowing its positive effects.

[Yatsan]

Only for people who understand its advantages and benefits as a digital currency and as a volatile asset. It is easy to know what Bitcoin is but it would take not a single day or week to fully understand it. If Bitcoin and this technology will be exposed to wrong set of people or individuals who are more in doubt and suspiscious of this technology, we cannot expect for a better future in this industry. All things to spread naturally. We should not force other people towards this industry and rather wait for them to have the initiative to engage and let their curiousity be fed by information. They'd be biased of its downsides more than the pros of this technology or blockchain which will just yield to dissatisfaction afterwards with the outcome.

[PeRo]

Nothing is for everyone, every individual has their own interests which can be vastly different.

Even though Bitcoin is made for anyone to use and the community is mostly beginner friendly, not everyone will be interested in it. Yes, education and adopting could help with more people stepping in since they could understand Bitcoin and it's use more clearly, but there are people who wouldn't do anything even with the knowledge acquired. Not everyone needs Bitcoin for the features it has and not everyone is into investing, it's just a personal choice and even if it is a wrong one, it shouldn't be forced upon.

Bitcoin could help everyone and anyone, the people just need to want it. The rest is easy, to teach and to learn.

[AprilioMP]

Before now, I've seen some forum members argue that bitcoin is not meant for everyone.

From what I've read, I haven't met any writing that states Bitcoin is not intended for everyone. What I know Bitcoin was created for everyone and all walks of life. I can say that the opinion you see is wrong.

So for me, no amount of educating people about bitcoin is enough, if an individual has the energy to go round his community to talk to people about bitcoin, I think is a welcome development, as long as his giving them the right knowledge on bitcoin education.

It seems that information about Bitcoin has spread everywhere through various media platforms. This makes it easy for people to find out more specifically for those who are willing to learn.
The type of information about Bitcoin that is spread may be some that are cornering and some that are good.
In educating people about Bitcoin, I agree with those who say there is no need to do it because the information that has been spread can be an assessment in itself for learning and avoiding being blamed when the desired goals are not achieved.

[lousie9]

Before now, I've seen some forum members argue that bitcoin is not meant for everyone.

Even though Bitcoin was actually created for everyone without "exceptions" but in my opinion logically the sentence "Bitcoin is not for everyone" is true, the reality is that Bitcoin is not for people who don't believe or think it's just a scam, Bitcoin is not for people who don't care about benefits and advantages of Bitcoin has, Bitcoin is not for someone who is not ready financially and confidently to adopt it.
Not everyone can own and adopt Bitcoin because this depends on the conditions and choices of each individual.

So for me, no amount of educating people about bitcoin is enough,

Providing and spreading education or knowledge about Bitcoin actually is good for opening the minds of people who don't understand the benefits and advantages that Bitcoin has, but it's not easy.
If talking isn't enough, yes, of course it will never be enough or optimal if it's only "theory" or only giving explanations or education to many people about Bitcoin. Not everyone is willing to take existing risks and because everyone's condition is different, there are those who are "able" but "not ready" and there are also those who are "ready" but "unable".
And most of the general public will easily believe and follow if they are presented with real evidence that they can see and feel right away, right?.