What's the view of an average citizen About crypto currencies

[Stepstowealth]

...

To the very average citizen who is neither too poor or too rich, their views on bitcoin differs. At some point I was an average citizen. When it comes to knowledge about Bitcoin and what it can generally be thought about as was that it is a scam waiting to happen, it is an investment that only the fortunate early adopters will profit from, it is too late to invest now. Because of some of these opinions on Bitcoins from average citizens it is holding them back from investing and for others who were able to skip that hurdle and invest, their opinions is stopping them from investing as much as they can.

[1714612290]

1714612290

[uneng]

The most common view of an average citizen on cryptocurrencies is unfamiliarity. They know the word Bitcoin and that it's an internet currency, but anything which goes behind this basic concept is unknown for them. All the informations they have come from the mainstream media, meaning they are bombarded by news telling it's something dangerous to deal with, at same time it's highly profitable, as traditional news also notice when Bitcoin price pumps a lot.

However, they don't dare getting involved with cryptocurrency, because they have no clue how to do this, neither enough will to do their own research and start from zero, like probably many of us have done in the past. Average citizens are on this average position because they aren't willing to leave their comfort zone, what would inevitably demand them to take some risks and think by themselves in search for what can be benefical for their lives.

[fuguebtc]

-.-

Also it is not necessary to think that everyone who invest in Bitcoin will make a whole lot of money. There are people who had lost money in Bitcoin. So it is always better to take a cautious route to invest in Bitcoin and one should not invest 100% of their money into Bitcoin.

I still see many people have this misconception, they think that anyone who invests in bitcoin will profit and become rich , and they will also achieve it easily . They are so naive that they do not know that bitcoin and crypto are a financial market and there will be winners and losers , even very few winners and majority losers.

The only difference between bitcoin and other assets is that its volatility is greater and that can help us make huge profits but can also make us lose everything . It's up to us to earn money or not , it's not like we just invest in bitcoin and we will definitely become rich .

[synchronym]

op I agree with you. That's because Bitcoin newbies must have enough knowledge about Bitcoin, if they don't have enough knowledge, they won't be successful in trading Bitcoin. Because many may not understand how to trade in Bitcoin many trade for a very short period of time. If you trade bitcoin for a short period of time, you will never succeed. When it comes to Bitcoin trading, you should always have a long-term plan because if you don't have a long-term plan, you will never be successful with Bitcoin.

[Lorence.xD]

-.-

Also it is not necessary to think that everyone who invest in Bitcoin will make a whole lot of money. There are people who had lost money in Bitcoin. So it is always better to take a cautious route to invest in Bitcoin and one should not invest 100% of their money into Bitcoin.

I still see many people have this misconception, they think that anyone who invests in bitcoin will profit and become rich , and they will also achieve it easily . They are so naive that they do not know that bitcoin and crypto are a financial market and there will be winners and losers , even very few winners and majority losers.

The only difference between bitcoin and other assets is that its volatility is greater and that can help us make huge profits but can also make us lose everything . It's up to us to earn money or not , it's not like we just invest in bitcoin and we will definitely become rich .

That's the fact that most people don't want to acknowledge, which is there will be always risks or pros and cons with Bitcoin cause they are too optimistic that it reaches the point where they disregard the negative side. If people tried to skip the process as they always want to experience win, they would not learn and grow without the losses as well. Bitcoin's volatility is one of the reasons why people love it as they take advantage of it, but there's nothing that you would be rich in just a day, it really takes time for your money to grow it could even take years.

[kryptqnick]

The future of crypto currencies is unknown,  but it is a new generation of Money which is already replacing the paper currency, especially Bitcoin been the most popular and successful among other crypto currencies so far, bitcoiners need to know that currently Bitcoin is trading low from its all time high, Bitcoin should not be viewed as a short term Investment, but should be seeing as a long term life changing investment due to its liquidity and high returns when trading high.
Bitcoin is a digital currency that has come to stay, as long as the internet stays , most persons that didn't believe in Bitcoin 10years ago regretted it, that will be also be the case for people who don't be in it now come 2034.so think positively take the risk and Investment in Bitcoin today.

I do agree with the sentiment, and that Bitcoin will be greater in 2034 than it currently is, but there's also a lot of mixing of 'currency' and 'investment' here. Bitcoin is a good long-term investment, many will agree with that. But is Bitcoin a good currency, a good medium of exchange? Adoption of Bitcoin as a form of money seems to be slower than adoption of it as a form of investment. We can see major investment funds working or planning to work with Bitcoin, but can we say the same about major marketplaces? So I think it's important to distinguish these two, even though Bitcoin can be both.

[knowngunman]

The future of crypto currencies is unknown,  but it is a new generation of Money which is already replacing the paper currency, especially Bitcoin been the most popular and successful among other crypto currencies so far, bitcoiners need to know that currently Bitcoin is trading low from its all time high, Bitcoin should not be viewed as a short term Investment, but should be seeing as a long term life changing investment due to its liquidity and high returns when trading high.
Bitcoin is a digital currency that has come to stay, as long as the internet stays , most persons that didn't believe in Bitcoin 10years ago regretted it, that will be also be the case for people who don't be in it now come 2034.so think positively take the risk and Investment in Bitcoin today.

How does your topic correlate with this thread now? Nevertheless, If you say the future of Bitcoin is unknown, aren't you discrediting the reliability of Bitcoin? Assuming I am a newbie with no knowledge about bitcoin but I'm interested to learn and invest in Bitcoin and suddenly you said the future of Bitcoin is unknown, how do you think I will feel? You shouldn't expect me to invest in what has no future. I know how risky and volatile bitcoin is, but saying it's future is unknown is very demarketing. Cryptocurrency and particularly bitcoin, is actually here to stay and already playing a great role in our financial system since we are in the era of technology.

Bitcoin replacing money? I don't see that happening anytime soon because it's not the aim bitcoin was created in the first place but rather created that no central authority would be able to control it. Even if government approved bitcoin today, our traditional can not just vanished like that because we need it for daily transaction. You already said bitcoin is a long time investment project and we can not use it to settle petty payments especially in a time like this we are having fees upsurge.

[Crypto Library]

The future of crypto currencies is unknown,  but it is a new generation of Money which is already replacing the paper currency, especially Bitcoin been the most popular and successful among other crypto currencies so far, bitcoiners need to know that currently Bitcoin is trading low from its all time high, Bitcoin should not be viewed as a short term Investment, but should be seeing as a long term life changing investment due to its liquidity and high returns when trading high.
Bitcoin is a digital currency that has come to stay, as long as the internet stays , most persons that didn't believe in Bitcoin 10years ago regretted it, that will be also be the case for people who don't be in it now come 2034.so think positively take the risk and Investment in Bitcoin today.

I don't really understand that what you are really want to mean by this topic? Where you are once saying that the future of cryptocurrency is unknown and on the others hand you are saying for investment. Whhere the future is unknown why people will invest there?
But some of your points are correct.  Because if anyone wants to invest in Bitcoin, he must adopt a long term strategy to get a good and secure profit. Moreover, there is DCA method for risk management. Moreover, we should not think that investing in Bitcoin will get you quick rich.

[boyptc]

People must stop comparing from the all time highs and check that all time lows, I think with that perspective, you'll get a better view about Bitcoin.

But we're all in agreement here. I've talked to my friends and when they've heard that Bitcoin has been increasing dramatically, they've approached me.

So, this is for the perspective of average citizens but don't own any Bitcoin. They will just like it when it pumps but when it dumps, they'll leave you alone.

It is always the same story, bitcoin goes up in value and makes it to the news and then all the people that know that you are into bitcoin begin to ask all kind of questions about it, as they want some of those profits for themselves, but the issue is that if they had begun their research years ago, when bitcoin was pronounced dead for who knows how many times already, then they would have invested years ago and made profits, instead they want to do this when bitcoin is ready to skyrocket and they have no time to learn, save and invest in it.

The interest is on and off with them.

They are interested if the market is profitable but if it's too sluggish, they will just have to forget it and lose that interest they have.

And there are people that likes to see the market go down because they know that you're an investor too and what they want is to see the people they know who are investors of BTC to incur losses.

[SeriouslyGiveaway]

Bitcoin should not be viewed as a short term Investment, but should be seeing as a long term life changing investment due to its liquidity and high returns when trading high.

Everyone in this market sees this issue, but most traders get distracted by short-term fluctuations, making it challenging to hold for an extended period. However, there's a crucial aspect we need to establish in investing: at what profit level should we take our gains? Bitcoin is an undoubtedly valuable asset, nobody can deny that so far, but fundamentally, it's just an investment we have. And what's the ultimate purpose of investing? It's still to take profits and gain, right?
Everything we do, including investing, is ultimately to serve our lives. Don't focus too much on long-term investments and forget that we also need to enjoy life. Therefore, in my opinion, it's best to maintain a certain amount of Bitcoin in our asset portfolio, but alongside that, if you feel there's enough profit, it's advisable to cash in a bit and savor our current lives.

[Strongkored]

The future of crypto currencies is unknown,  but it is a new generation of Money which is already replacing the paper currency, especially Bitcoin been the most popular and successful among other crypto currencies so far, bitcoiners need to know that currently Bitcoin is trading low from its all time high, Bitcoin should not be viewed as a short term Investment, but should be seeing as a long term life changing investment due to its liquidity and high returns when trading high.
Bitcoin is a digital currency that has come to stay, as long as the internet stays , most persons that didn't believe in Bitcoin 10years ago regretted it, that will be also be the case for people who don't be in it now come 2034.so think positively take the risk and Investment in Bitcoin today.

Bitcoin has not replaced paper money or Fiat, because globally fiat transactions still dominate, even for online transactions Bitcoin is not yet the main choice because there are still other types of online payments that are considered safer, faster and also have lower transaction costs, but we don't know for certain developments in the future, maybe Bitcoin will be the main choice but as payment for online transactions because fiat will still be the choice for offline transactions.
In my opinion, currently more people are focusing on price rather than the main purpose of making it as a means of payment, especially at this time which is predicted to soon enter a bullish period, Bitcoin will become increasingly famous but only about price because that is what is more often reported by the media unless people find out about technology and other things about Bitcoin.

[Ale88]

The future of crypto currencies is unknown,  but it is a new generation of Money which is already replacing the paper currency, especially Bitcoin been the most popular and successful among other crypto currencies so far, bitcoiners need to know that currently Bitcoin is trading low from its all time high, Bitcoin should not be viewed as a short term Investment, but should be seeing as a long term life changing investment due to its liquidity and high returns when trading high.
Bitcoin is a digital currency that has come to stay, as long as the internet stays , most persons that didn't believe in Bitcoin 10years ago regretted it, that will be also be the case for people who don't be in it now come 2034.so think positively take the risk and Investment in Bitcoin today.

What do you mean by "the future of crypto currencies is unknown"? Are you talking about bitcoin? Altcoins? Shitcoins? Because besides the last category at this point is pretty clear that the cryptocurrencies are here to stay, no more stories about the governments banning them after the ETF, all the stories about criminals using them are pointless, bitcoin is not a Ponzi. The ETFs approvals for me changed everything because the US governments and the big international funds had to kneel down in front of BTC, they couldn't fight it anymore.

[Xampeuu]

The future of crypto currencies is unknown,  but it is a new generation of Money which is already replacing the paper currency, especially Bitcoin been the most popular and successful among other crypto currencies so far, bitcoiners need to know that currently Bitcoin is trading low from its all time high, Bitcoin should not be viewed as a short term Investment, but should be seeing as a long term life changing investment due to its liquidity and high returns when trading high.
Bitcoin is a digital currency that has come to stay, as long as the internet stays , most persons that didn't believe in Bitcoin 10years ago regretted it, that will be also be the case for people who don't be in it now come 2034.so think positively take the risk and Investment in Bitcoin today.

Indeed, we can use Bitcoin to support our future, but before we start, of course learning about it first is mandatory. considering that many people fail due to their own mistakes and lack of knowledge about bitcoin. I think this also applies to all areas of investment, to study it first before deciding to invest. currently the price of bitcoin has started to rise but I think it is still worth investing in, in the next 10 years maybe we can feel the benefits, but what you need to know is that there is no time limit for making a profit

[rodskee]

If we are going to believe what is happening now then you will he harder to see its potential for
Average citizen   because their Eyes are close favoring banks to store their money , but with our help mentoring
them and explaining the best thing that Bitcoin and altcoins can bring them then we will be giving much better
future for all of them.

[Blitzboy]

Bitcoin is a revolution in money perception and use, not merely a trend. I've witnessed its financial transformation. Like reliving the internet's birth! Its unpredictability can be scary, but isnt that part of its attraction? The ups and downs are part of growth and resiliency.

I often advise new investors to think long-term. Bitcoin takes longer than sprint. Understanding its core financial infrastructure transformation is key. Always thought Bitcoin is to money what email was to communication - a game changer. Early adoption of any pioneering technology has hazards but potential rewards. It takes patience and intelligent decision-making.

Bitcoin's future looks good. Not just a currency, but a movement. Its decentralized philosophy is gaining popularity daily. I think it'll be a successful investment and the foundation of a fairer financial system by 2034. I advise people on the fence to jump into Bitcoin's future. Its great to join the digital money revolution!

[mindrust]

Bitcoin will always be cheap against the USD because even though people are interested in both; one of them has limited supply, while the other (USD) doesn't. One can simply not put a future price on BTC. We are talking about long term right? Let's say 10 years. 10 years later, I am pretty sure the price of a bitcoin will be higher than what it is now and it won't be just a little bit higher. It will be much much much higher. If you are a long term investor, these prices are quite cheap. Will it really matter if you bought btc from $30k or $40k when the price hits $500k+? I don't think so.

[moneystery]

are you asking or just giving a statement? but the views of people in my area about bitcoin are not very good because they associate bitcoin with gambling and ponzi schemes where when someone puts their money in bitcoin it means they are gambling and they will get their money back with profits when other people join bitcoin. even though it's quite funny, that's the view of most people in my area.

moreover, some time ago there was a group of criminals who were arrested by the police and most of their criminal money was laundered in bitcoin and that made the image of bitcoin even worse here. that's why it's quite difficult to educate people about bitcoin in my area because people's views on bitcoin are quite negative.

[Natsuu]

Well crypto is like Bitcoin are changing the money game. Sure, Bitcoin's trading a bit low now, but it's not a quick win like think of it as a life-changing, long-term play. Bitcoin's digital vibes are here to stay, and those who shrugged it off a decade ago wish they hadn't. Take the plunge, roll the dice, and invest in Bitcoin today.We'll all get there

[bluebit25]

Does anyone know which person/team/country/earth/universe/... determines the future of bitcoin?

The truth is that I see bitcoin differently from the rest in that value is built with trust (as of now), indeed positive/negative thoughts always exist and the future story just lets everyone adapt naturally. And the newness of Bitcoin creates volatility which is also an opportunity for us to see and take advantage of it, I'm not too sure about the short/long term but from what I have experienced it is true accept/really grateful for bitcoin.

[wallet4bitcoin]

The future of crypto currencies is unknown,  but it is a new generation of Money which is already replacing the paper currency, especially Bitcoin been the most popular and successful among other crypto currencies so far, bitcoiners need to know that currently Bitcoin is trading low from its all time high, Bitcoin should not be viewed as a short term Investment, but should be seeing as a long term life changing investment due to its liquidity and high returns when trading high.
Bitcoin is a digital currency that has come to stay, as long as the internet stays , most persons that didn't believe in Bitcoin 10years ago regretted it, that will be also be the case for people who don't be in it now come 2034.so think positively take the risk and Investment in Bitcoin today.

This standpoint only comes from experienced investors and those who have stayed around investing in assets for a long period of time. I have seen too much in a short time not to agree with your point.

Bitcoin seems to be the only asset that has outpaced other assets in comparison to the time it has been around and others.

It therefore should be a lifetime consideration but its unfortunate, people who are myopic about its potentials would agree less.