The general public still doesn't understand Bitcoin is still growing

[Cryptomultiplier]

At the bookstore today I saw some book about the rise and fall of crypto. On the front cover it was saying crypto went mainstream in 2021 and then collapsed in 2022 culminating in the FTX collapse. The book was definitely partially about the FTX collapse, but it also referred to the entire market as having collapsed, hence the "Fall" part of rise and fall. The final sentence on the front cover mentioned something about the collective delusion that led to this rise and fall of the $3 trillion market.

Would you mind sharing with us more info about the book and the author? Why do you want to keep the book name and the author name a secret? I can assume that this book was written back in 2022 and it's currently outdated. A lot of crypto haters are making the mistake of linking the crypto price drops with the doom of the entire crypto market. They also make the mistake of thinking that the collapse of a big crypto exchange would lead to the collapse of the entire cryptocurrency market. It's like thinking that the e-commerce industry is going to collapse just because Amazon or eBay go bankrupt. Total nonsense, if you ask me.
Anyway, the haters gonna hate, no matter what.

For the fact that the decentralized network houses many other cryptocurrencies is reason enough why the failure of one will make the others perform even better, because the truth is that cryptocurrencies are currencies of the future  and right now, the competition to be top and number one among others is what make investors have more money.
The price increase of BTC to almost 43k now, makes it have more value and make it become an over priced asset in the market now, mostly for those who don't understand how to use it or make profit from it.

Overlooking the halving, there is much anticipated growth with new user potential and legal adoption as a currency for transactions and payments.

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[arwin100]

How do we educate people that Bitcoin is a continuously growing global currency that is still in its early staged and each big boom and crash is just its early growing pains?

You don't really need to educate anyone, people will see it for themselves. Bitcoin has been proclaimed dead hundreds of times, every bear market is being called "a crash" as if it was a big deal, and yet Bitcoin is still strong and still growing. Each day someone new decides to invest in Bitcoin for long term, and that's already a good result.

Yes since somehow not people is open for every information they receive and if they show something unusual to them maybe they feel bad about it then call us a scammer since they might think that we are recruiting them for those scams. That's why sometimes I don't talk about bitcoin to other people especially if I don't see much any interest since I think its waste of time and would rather spend my energy to those people showing some interest to know about bitcoin.

People need to discover it and I think there are so many ways for them to discover that so its really up for the person to do a research if they are really have an interest to participate. Mainstream media nowadays are slowly sharing information about crypto so I think for now that's enough for people to know somethings about it and its up for them if they reach us then ask for help to educate them since this type of people is worth to teach since they are eager to know about bitcoin.

[tbterryboy]

Why do people read books about things that they can learn more about if they do simple research on the internet? I'm not saying that books are useless, but the fact that anyone can write absolutely anything about a subject, whether it's true or false, and the readers might get misguided by that information. Only books that are written by good and trusted authors should be given value and their information and details should be taken as right and true.

Some authors that don't have enough experience and knowledge about certain things will write a bunch of rubbish in the name of facts because the research they did doesn't cover all the details or they simply ignore the positive things deliberately because they are willing to show a negative picture regarding that topic to the general public.

This is why one should use multiple sources to verify what they read about, and one cannot read multiple books for that which is why it's better to do simple research on the internet regarding the subject.

[taufik123]

-snip-
People need to discover it and I think there are so many ways for them to discover that so its really up for the person to do a research if they are really have an interest to participate. Mainstream media nowadays are slowly sharing information about crypto so I think for now that's enough for people to know somethings about it and its up for them if they reach us then ask for help to educate them since this type of people is worth to teach since they are eager to know about bitcoin.

Now the mainstream media is increasingly aggressively reporting about crypto or about the development of Bitcoin.
I usually see a lot of crypto news via Twitter (X) and there will be a lot of the latest news that appears.

So if the general public doesn't already know about Bitcoin's development, they are completely untouched by any crypto news to date.
The need to inform the right information about crypto developments will be very helpful.

Sometimes they are interested and will come in to invest, this will be a good initial education to introduce Bitcoin.
Do not let crypto-hating media provide negative information about crypto so that those who are still early in are affected by FUD that is widely spread.

[Rruchi man]

At the bookstore today I saw some book about the rise and fall of crypto. On the front cover it was saying crypto went mainstream in 2021 and then collapsed in 2022 culminating in the FTX collapse. The book was definitely partially about the FTX collapse, but it also referred to the entire market as having collapsed, hence the "Fall" part of rise and fall. The final sentence on the front cover mentioned something about the collective delusion that led to this rise and fall of the $3 trillion market.

Shows that not all books and authors are worth reading.

How do we educate people that Bitcoin is a continuously growing global currency that is still in its early staged and each big boom and crash is just its early growing pains?

Simple correction of the misinformation that they have can go a long way. Some of the people who have been setback by this wrong information they possess about bitcoins are educated, and a proof of education is the ability to learn, unlearn and relearn. Providing the proper information to these folks, will assist in their unlearning and relearning process.

[ancafe]

It hit me that the author, who presumably did a lot of research into the industry in order to write the book, is basing his book on the idea that crypto has collapsed permanently after having a short moment in the mainstream in 2021 (though you coulda said the exact same thing about 2017).

I almost laughed out loud cuz here is an author that did enough research to write an entire book, far more research into the space than the average person does, and even the author doesn't understand what anyone who actually participates in the market easily understands - that the market is cyclical and the 2022 crash was not an end event for the industry but simply the end of a market cycle leading into the next larger market cycle.

This is about how a writer understands and knows the bitcoin journey process and maybe the book you are looking at still has other connections. But he didn't explain the bitcoin process completely in just one book because the author's habit is usually to make readers come back to wait for the release of the next book and this is just my assumption. But if he says out of thin air that bitcoin has irreversibly regressed or collapsed in 2021, then I conclude he's not one of the authors worthy of being a favorite.

Why do I say that because he is too lazy to look for references regarding sources regarding Bitcoin's journey from when it was created to the process of its journey in the market until now. We know the four-year cycle in bitcoin and but to say that crypto in general has experienced a collapse is also wrong because the industry is basically growing.

[boty]

This is about how a writer understands and knows the bitcoin journey process and maybe the book you are looking at still has other connections. But he didn't explain the bitcoin process completely in just one book because the author's habit is usually to make readers come back to wait for the release of the next book and this is just my assumption. But if he says out of thin air that bitcoin has irreversibly regressed or collapsed in 2021, then I conclude he's not one of the authors worthy of being a favorite.

Why do I say that because he is too lazy to look for references regarding sources regarding Bitcoin's journey from when it was created to the process of its journey in the market until now. We know the four-year cycle in bitcoin and but to say that crypto in general has experienced a collapse is also wrong because the industry is basically growing.

In my opinion, the writer was just trying to write a book and didn't study the process properly from the beginning until they wrote the book and the writer missed a lot so that when he wrote the book it was based on what he knew and was not correct with exact certainty.
What you say is very correct, the author's lack of references means they write based on what they see and don't look for various references that make their writing appropriate to what is happening and I really believe in the four year cycle in Bitcoin and we can see in these few months the price of Bitcoin has experienced good improvement.

[michellee]

This is about how a writer understands and knows the bitcoin journey process and maybe the book you are looking at still has other connections. But he didn't explain the bitcoin process completely in just one book because the author's habit is usually to make readers come back to wait for the release of the next book and this is just my assumption. But if he says out of thin air that bitcoin has irreversibly regressed or collapsed in 2021, then I conclude he's not one of the authors worthy of being a favorite.

Why do I say that because he is too lazy to look for references regarding sources regarding Bitcoin's journey from when it was created to the process of its journey in the market until now. We know the four-year cycle in bitcoin and but to say that crypto in general has experienced a collapse is also wrong because the industry is basically growing.

In my opinion, the writer was just trying to write a book and didn't study the process properly from the beginning until they wrote the book and the writer missed a lot so that when he wrote the book it was based on what he knew and was not correct with exact certainty.
What you say is very correct, the author's lack of references means they write based on what they see and don't look for various references that make their writing appropriate to what is happening and I really believe in the four year cycle in Bitcoin and we can see in these few months the price of Bitcoin has experienced good improvement.

A good writer will look for a lot of information from all sources to complete what he wants to write. It seems like the author didn't look for more information, so there is still something incomplete in his book. Hopefully, buyers of the book will look for other information through it so they can understand Bitcoin and crypto better.

If the author wants to look for information on the internet, he will find many trusted sources, especially if he wants to look for it in this forum. But it depends on his efforts in searching for the information because he may feel that what he is looking for is enough and immediately make a book. People now rely more on looking for information from the internet because there are more sources and they can get more information. And they can get this information for free by just browsing the internet.

If the book's author could have seen what would happen to Bitcoin, he would have felt that something was missing in his book. He will probably release future books about Bitcoin based on what he finds. But it depends on whether he wants to find out more information or not. Hopefully, other book authors can provide more complete information.

[ancafe]

In my opinion, the writer was just trying to write a book and didn't study the process properly from the beginning until they wrote the book and the writer missed a lot so that when he wrote the book it was based on what he knew and was not correct with exact certainty.
What you say is very correct, the author's lack of references means they write based on what they see and don't look for various references that make their writing appropriate to what is happening and I really believe in the four year cycle in Bitcoin and we can see in these few months the price of Bitcoin has experienced good improvement.

Professional writers will look for many sources to strengthen their writing because that is what a writer should do. If it is true that the author of the book did not learn the complete truth about Bitcoin then the book is not worth reading because it will create a misleading understanding for those who read it. That's why not all books are worth reading, and vice versa regarding videos made by people who don't have a clear source of truth.

The conclusion may be that the author is not very professional because he risked his credibility after publishing the book and now almost many people will never want to follow his writing after the facts about the book are quite misleading. Almost everyone knows the fact about four years in Bitcoin and maybe we need to provide education about this to the author of the book.

[reagansimms]

I'm curious who the author of the book is, his knowledge in the crypto field is very poor. The explanation of FTX's collapse without any positive reciprocity is increasingly giving crypto a bad impression. The amount of progress achieved by the crypto industry, especially Bitcoin, in a very short time, strengthens the perspective that Bitcoin remains a great entry point for institutional investors in the field of crypto investment. The future of Bitcoin is still very bright, I firmly believe that after taking a deeper look at Bitcoin's core value proposition, its fundamentals and recent developments around its network will make the case for investing in Bitcoin stronger than ever.

[boty]

Professional writers will look for many sources to strengthen their writing because that is what a writer should do. If it is true that the author of the book did not learn the complete truth about Bitcoin then the book is not worth reading because it will create a misleading understanding for those who read it. That's why not all books are worth reading, and vice versa regarding videos made by people who don't have a clear source of truth.

The conclusion may be that the author is not very professional because he risked his credibility after publishing the book and now almost many people will never want to follow his writing after the facts about the book are quite misleading. Almost everyone knows the fact about four years in Bitcoin and maybe we need to provide education about this to the author of the book.

What you say is very correct, of course we don't need to read books whose authors don't have clear reference sources because this will make it difficult for us to invest in Bitcoin and if we choose to read a book we have to first find out the background of the author, whether it is true. Whether an author has clear references or not, some people who make videos sometimes just take advantage for themselves and don't care whether what they say is in accordance with existing reality or not.

When someone finds out that the book they are reading contains wrong understanding, of course they will never read the book again and will look for a book that has an explanation and a clear reference source.

[retreat]

Many people still turn a blind eye to the development of Bitcoin at the moment. They still think that Bitcoin is just another Ponzi scheme and that it will shut down quickly if no one else buys it. Furthermore, they spread false news about Bitcoin which says that it will die, is having problems, and many other negative things. Despite the fact that Bitcoin is still developing today and its adoption will continue to increase even when many people are skeptical about it. Whatever negative things they say about Bitcoin, it will not make Bitcoin collapse, even more so it will continue to grow and get stronger.

[Smartvirus]

At the bookstore today I saw some book about the rise and fall of crypto. ~~

How do we educate people that Bitcoin is a continuously growing global currency that is still in its early staged and each big boom and crash is just its early growing pains?

People should draw much clearer lines between the term "crypto" or cryptocurrencies and "bitcoin".

The book you described seems crazy to talk about a fall just because the FTX thing. But we know that "crypto" that includes altcoins has had lots of falls.

Not just clear lines about Bitcoin, cryptocurrencies and cryptos but, they need to do their research to understand well enough that there are nominations, aspects to the functionality of every development.
How are they getting to bring an aspect (FTX), an exchange to represent a whole and they talk about it as such! An exchange that even when cut off, it could do nothing to the whole system but rather teach a lesson on how irrelevant or how Bitcoin or the cryptocurrency idea was first and foremost supposedly a p2p currency.

I guess the writer actually did bait the public with that as, some ignorant nerd who would rather see Bitcoin fail and have a good laugh would be eager to get in on the story rather than read a much more better written book on cryptography.

[Assface16678]

Many people still turn a blind eye to the development of Bitcoin at the moment. They still think that Bitcoin is just another Ponzi scheme and that it will shut down quickly if no one else buys it. Furthermore, they spread false news about Bitcoin which says that it will die, is having problems, and many other negative things. Despite the fact that Bitcoin is still developing today and its adoption will continue to increase even when many people are skeptical about it. Whatever negative things they say about Bitcoin, it will not make Bitcoin collapse, even more so it will continue to grow and get stronger.

There are still a lot of people who spread bad information or false information about bitcoin and its effect on anyone. Also,  about bitcoin being subject to crimes or because the transaction of bitcoin being hidden, they are stating that bitcoin or crypto currency can be used for illegal activities, which is yes, happening, but let's not blame bitcoin; we should blame the people who're using it for their intentions.
But even if there are a lot of people doing this, there are more people who think bitcoin is a blessing and a great help to anyone, and that's true. Over the years, many more investors are being added because they see the potential in bitcoin and its long-term plans or future things that it may be used for. Bitcoin technology, which is blockchain technology, still has a lot of potential; it can be used in many things, so bitcoin is powerful even if they try to take it down. They can't because they don't have the capability to do so.

[Blitzboy]

In my opinion, the writer was just trying to write a book and didn't study the process properly from the beginning until they wrote the book and the writer missed a lot so that when he wrote the book it was based on what he knew and was not correct with exact certainty.
What you say is very correct, the author's lack of references means they write based on what they see and don't look for various references that make their writing appropriate to what is happening and I really believe in the four year cycle in Bitcoin and we can see in these few months the price of Bitcoin has experienced good improvement.

Professional writers will look for many sources to strengthen their writing because that is what a writer should do. If it is true that the author of the book did not learn the complete truth about Bitcoin then the book is not worth reading because it will create a misleading understanding for those who read it. That's why not all books are worth reading, and vice versa regarding videos made by people who don't have a clear source of truth.

The conclusion may be that the author is not very professional because he risked his credibility after publishing the book and now almost many people will never want to follow his writing after the facts about the book are quite misleading. Almost everyone knows the fact about four years in Bitcoin and maybe we need to provide education about this to the author of the book.

I agree with you. Disappointingly, an author would produce a book without fully understanding Bitcoin. Authors owe readers well-researched, factual information. Failure to do so misleads readers and damages the author's reputation.

Could it not provide some useful insights, especially for novices, despite its flaws? Often, one source cannot cover a complex topic like Bitcoin. Cross-referencing multiple sources - including opposing views - is essential. Community forums are great for knowledge exchange and correcting misconceptions. As Bitcoiners, we may direct novices to better sources.

Educating the author is proactive! Why not give helpful feedback? Like everyone else, authors make errors and learn from them. We can correct misconceptions and build a Bitcoin community that values accuracy and depth by talking. This is about shaping an informed and responsible Bitcoin discourse, not one book or author.

[the rise]

they are carried away by the content of influencers whose every content shows off luxury trading products but never discusses how bitcoin continues to develop or the fundamentals of bitcoin itself. Therefore, when beginners join here and don't get the same results as the influencers they join, they will leave Bitcoin without getting the true potential of Bitcoin.

[demonica]

I wonder why the author published something he's not fully knowledgeable or saying something that could mislead readers with what he wrote on that book. Maybe it's more of an opinionated book about the collapse of FTX and the market at that time but if you're going to write something, especially publish something, he should be also aware that it's not equal to the fall of crypto in general. Also, writing a whole book comes with a lot of research regarding that certain topic for fact checking. Now it made me think, what if someone who's curious about Bitcoin and crypto happens to see that book and they might get the wrong idea/info because of it... I'm curious as well about the book and the background of the author regarding crypto.

[Mate2237]

The people that are not aware of Bitcoin in my area is not many again and the only thing they don't want is that they don't like to invest in it but they know that Bitcoin does exist. Many people even that Bitcoin is digital currency which can be invested in it and they don't have money to invest in it. The author of the book didn't make comprehensive research before publishing the book if not he would have known that good number of the masses understand Bitcoin.

That is why it is not all the authors and cryptocurrency influencers are needed to follow.

[jrrsparkles]

You can't expect every individual on the side of anything that is new to society and for the record still we have people who call it a flat earth even in developed countries.

Bitcoin is literally new and it may take a century or at least 30 to 40 years for people to understand it completely because it is proposed as an alternative for something that has existed over centuries and you can't expect them to change everything in just 15 years.

[0t3p0t]

I agree with the op that, by some accounts, cryptos became mainstream in 2017 because they gained tons of attention during that bull market. On the other hand, one could argue that Bitcoin (and cryptos in general) still isn't mainstream because only a tiny minority of the world population actually owns it. But as for FTX collapse, I'd actually say it had a pretty minor impact on the crypto market. Bitcoin went down from around $20k to below $17k, but then recovered to $20k+ in just a couple of months. And that was the end of its impact. Then the market started slowly recovering over 2023, so there was no market collapse.

Yeah people are crazy jumping in that time specially in the fourth quarter of the year 2017. I knew most of us gain profit that time and some other don't since newbies are hesitant to take part the trend or was too late in that bull run. That bull run is the time when people started being curious about Bitcoin and crypto and then NFT games came after that.