Btc and people knowledge

[Cryptomultiplier]

The various court cases that cryptocurrency and some exchanges who trade their coins have had with government agencies has surely helped to paint new ideas of what BTC is to people who may be considering owning some or trading with it.
Still, many can't differentiating BTC from crypto currency and that's the start of confusion. Until they can't tell the difference apart, would they be able to fully grasp it's concept, as well as join a forum like this where the knowledge is broadly discussed.

It's actually the younger generation and those who are yet to gain employment,  that does know much more than many of us who have grown accustomed to office hours for the fiat that is mainly recognized as legal tender for transactions and payments.

[Uhwuchukwu53]

That's true. They say they don't know bitcoin but they don't know what FIAT currency is too. The worst part is, they don't know what they don't know. They think they do... They are half-ignorant which is the worst kind of ignorance. It is because they will refuse to get educated even though they don't know shit. The good news is, bitcoin doesn't care what they think or do. When the time is right, they will have to learn what bitcoin is about. People didn't believe in cars too back in the day. Now nobody is riding horses anymore.

Laughable but of a Truth that's the nature of some human being, the worst is that even when they know they  are ignorant, refuse to put effort in place to know. I realized that not everyone one take opportunity even the fiat currency not everyone has bank account or have knowledge about it. Human operate in for stages those who seek for opportunity, take advantage at any given point ,the last four stage are those that venture into something when the thing is difficult to operate example before you can open bank account with Local government ID but today is not possible you most provide other details.that will be the nature of Bitcoin to those that don't seek to know or venture into it but waiting when all things made ready at there door step.

[Rufsilf]

People say that they don't know what is the btc and there is no clear story for them to trust btc.
But the same people don't know what is the money and how it's created and they are collateral or some type of security body by themselfes.
Little do they know how the banks even creating money.
So money the fiat currencies are unknown same like btc for many people.
Also all people live their lifes and nobody don't ask questions what's the purpose of life.
It's funny how they acting like they know everything but yet they don't nothing and then they say they know about money but don't know about btc.
Off course If some well known person will tell them let's use btc it's good and safe becouse i say so and Im trusted then people Will follow.
The same people who say things about cryptocurrency that it's unknown for them they act like they really know all about the other things what they trust,If you ask from average person can they explain the process of creating money debt and Fiat currency...they don't know.

It's human nature to hesitate and ask a lot of questions about some matters since it involves their money, so of course there's nothing wrong with being cautious about the things you become involved with, especially if money is involved. When we deposit money into traditional banks, for example, we naturally become comfortable because we believe that our funds are safe because banks have security measures in place and we can contact them directly if there is an issue or conflict with our account. However, with bitcoin, we merely have our wallets to store our bitcoin investments, and we are naturally accountable if we lose our account.
Despite the block chain technology, we still need to protect our private keys in order to guarantee the security of our bitcoin.

[Hypnosis00]

People say that they don't know what is the btc and there is no clear story for them to trust btc.
But the same people don't know what is the money and how it's created and they are collateral or some type of security body by themselfes.
Little do they know how the banks even creating money.
So money the fiat currencies are unknown same like btc for many people.
Also all people live their lifes and nobody don't ask questions what's the purpose of life.

So many questions that people must know but whom do they ask? We can't question why they don't trust Bitcoin because of the spread of wrong information on the internet and scam issues. I'm sure they hear Bitcoin but they don't bother to know it more because of the lack of interest. And the sad thing is that most of us usually believe what we have heard rather than believe of what really the purpose of Bitcoin is.

It's funny how they acting like they know everything but yet they don't nothing and then they say they know about money but don't know about btc.
Off course If some well known person will tell them let's use btc it's good and safe becouse i say so and Im trusted then people Will follow.
The same people who say things about cryptocurrency that it's unknown for them they act like they really know all about the other things what they trust,If you ask from average person can they explain the process of creating money debt and Fiat currency...they don't know.

It was easy to fool innocent people, influencers and many known personalities do this and many have followed. As I've said, many will listen and believe what they have heard and get satisfied without any verification if that is true or not.

[Ale88]

It's human nature to hesitate and ask a lot of questions about some matters since it involves their money, so of course there's nothing wrong with being cautious about the things you become involved with, especially if money is involved.

Personally, I have to disagree with this statement. Probably it's also a cultural thing but many people are very reluctant to talk about money, in several parts of the world is almost a tabu topic because some could be ashamed of their salaries and in general many countries don't have a high level of financial culture, so it's not even common to discuss about money and investment simply because they know nothing about it. It's like looking for people who talk about rocket science with their friends, I mean, who does that?

[boty]

It's human nature to hesitate and ask a lot of questions about some matters since it involves their money, so of course there's nothing wrong with being cautious about the things you become involved with, especially if money is involved. When we deposit money into traditional banks, for example, we naturally become comfortable because we believe that our funds are safe because banks have security measures in place and we can contact them directly if there is an issue or conflict with our account. However, with bitcoin, we merely have our wallets to store our bitcoin investments, and we are naturally accountable if we lose our account.
Despite the block chain technology, we still need to protect our private keys in order to guarantee the security of our bitcoin.

If we don't dare to ask about something related to money then this is very likely that we will use our money on the wrong things and it is very important to be careful in using money if we don't know it properly it would be better if we ask those who have understood better than using our money on the wrong things.
It is true that saving money in the bank will make the money we save more secure and if a problem occurs we can immediately resolve it with the bank and with Bitcoin we have to really look after the wallet in which we store the Bitcoin well and don't lose it. the account that we have.

[oktana]

They say you can take a horse to the river but can’t force it to drink. If I see an opportunity to converse and discuss about Bitcoin and its importance, I would. However if the person is claiming to know too much, I won’t force them. You can choose to be blinded or have an open mind to learn. People like to follow blindly; when maybe an influencer or a public figure asks them to use Bitcoin then maybe that’s when.

[AnonBitCoiner]

The purpose of life is not earning money but it should be earn for fulfilment of needs if we consider money as a purpose of life then we will be unable to enjoy life but will be busy in only earning. The bitcoin is popular currency but people living in villages are not familiar with it because they are only involved in doing jobs and their mind is not accepting online earning. There are also large number of people who are buying bitcoin, invest in bitcoin but don't want to trust it so I think they also don't know much about bitcoin.

[harapan]

That's true. They say they don't know bitcoin but they don't know what FIAT currency is too. The worst part is, they don't know what they don't know. They think they do... They are half-ignorant which is the worst kind of ignorance. It is because they will refuse to get educated even though they don't know shit. The good news is, bitcoin doesn't care what they think or do. When the time is right, they will have to learn what bitcoin is about. People didn't believe in cars too back in the day. Now nobody is riding horses anymore.

Humans are mainly obsessed with what they see physical or what they where born into, that is the reason Bitcoin is most likely adopted by the young ones. Most of this people still believe there is nothing like Bitcoin since it is nothing physical and getting to find out the person behind Bitcoin has remained anonymous upto this date this will cause them to avoid by all means yet we can term it ignorance.

They are so interested in shorter and quicker methods to make money.People like shortcut and they believe that nothing seems to come out of bitcoin.They just choose to be reluctant and hesitate on a life changing opportunity that seems easy.
Bitcoin is one of the easiest business to embark on compared to what is in circulation presently yet people find it difficult to acquaint themselves with bitcoin systems.

[Questat]

The purpose of life is not earning money but it should be earn for fulfilment of needs if we consider money as a purpose of life then we will be unable to enjoy life but will be busy in only earning. The bitcoin is popular currency but people living in villages are not familiar with it because they are only involved in doing jobs and their mind is not accepting online earning.

It was just in the past years but now, MONEY gives happiness to the people. You can't be happy if you are hungry and can't provide yourself a good living, Am I right? In fact, that is the reason why people work hard and have sleepless nights, do some investments, etc because they want to earn more money. Besides, that is also one reason why they are investing in Bitcoin.

There are also large number of people who are buying bitcoin, invest in bitcoin but don't want to trust it so I think they also don't know much about bitcoin.

That seems exceptional and you are right, yet that was a big mistake. Before starting to invest in Bitcoin or any form of investment, there should be TRUST exists. It means that we already acquired knowledge about this and fully understand it.

[Republikcoin.com]

They say you can take a horse to the river but can’t force it to drink. If I see an opportunity to converse and discuss about Bitcoin and its importance, I would. However if the person is claiming to know too much, I won’t force them. You can choose to be blinded or have an open mind to learn. People like to follow blindly; when maybe an influencer or a public figure asks them to use Bitcoin then maybe that’s when.

Indeed, in any case it will not be so good if there is a compulsion for us to follow it, even though that is a learning thing for Bitcoin. Because everyone can probably see the difference between people who are serious about studying without forcing themselves or being forced by others and people who really feel forced to learn something. And in this case I also agree more with what you said that everyone must see the right moment to learn and say more things when conditions are sufficient. But if you continue to push yourself to learn more about Bitcoin and it feels good enough for yourself, I think it's not wrong to do it as long as you have the ability.

[tygeade]

Btc comes with modern investment and is carried from community to community, activists and people who study it, over time until countries slowly adopt it for the public, so now it is not difficult to find and buy the easiest and smallest way, Bitcoin is very good for investment and it's never too late to start investing. Fiat money is legal tender in a country, although it does not have a fluctuating value but money is easier for all ages to use even with basic math for daily transactions and fixed value has not always had a bad image. I agree that money and bitcoin can be owned according to function and needs. Bitcoin is a good complement among other investments.

It is true that it is a gradual process that goes from people to people and growing group by group eventually reaching a nation sized place. I think it should be possible to make bitcoin even more public when the bull comes because everyone will want a piece of it, but the real trouble begins when people leave it during the bear run as well.

The trick is that, if you can invest and make money during bull period that's easy, but during bear period you can't invest and make money, so you need to show people how they could work for it during those times, not spend a dollar, just their time and they could make money during bear period that could double or triple even more in the future when the bull run comes to keep them involved.

[Rufsilf]

It's human nature to hesitate and ask a lot of questions about some matters since it involves their money, so of course there's nothing wrong with being cautious about the things you become involved with, especially if money is involved. When we deposit money into traditional banks, for example, we naturally become comfortable because we believe that our funds are safe because banks have security measures in place and we can contact them directly if there is an issue or conflict with our account. However, with bitcoin, we merely have our wallets to store our bitcoin investments, and we are naturally accountable if we lose our account.
Despite the block chain technology, we still need to protect our private keys in order to guarantee the security of our bitcoin.

If we don't dare to ask about something related to money then this is very likely that we will use our money on the wrong things and it is very important to be careful in using money if we don't know it properly it would be better if we ask those who have understood better than using our money on the wrong things.
It is true that saving money in the bank will make the money we save more secure and if a problem occurs we can immediately resolve it with the bank and with Bitcoin we have to really look after the wallet in which we store the Bitcoin well and don't lose it. the account that we have.

Because, when you actually get down to it, all that truly matters is the confidence that your money won't end up in the wrong hands. You can store your money anywhere you wish, be it a bank or on bitcoin. It is a positive thing, in my opinion, that more people will gradually learn about bitcoin and the progress it has achieved over time.  I think there's a chance that the market may become greater in value and turn into a bull market when more people understand it and how it operates. This is because more investors will be willing to put money into it.  Perhaps other people are also unaware of it, which is why I believe that there should be some people who will inform them and introduce them to bitcoin. However, people should be cautious about who they trust because there are a lot of scams these days due to the financial crisis that some countries are going through.

[KingsDen]

People question and double new innovations much. Especially when they are not forced to adopt it. When they are given freewill to choose they'll question every process and actions. But when they are coerced, they have no option than to adhere. In the case of fiat and banks, I think the older people also resisted the idea of banks and money when it was at the early stage. Maybe from the days of barter to advancing to the money stage was actually not easy.

People are doubting bitcoin today because they doubted television and gave it all sorts of names. People doubted electricity and vowed not to use it, but today many people are using it. So, it is nice if bitcoin is not fully embraced now, but then the future is bright.

[freedomgo]

It's human nature to hesitate and ask a lot of questions about some matters since it involves their money, so of course there's nothing wrong with being cautious about the things you become involved with, especially if money is involved.

Personally, I have to disagree with this statement. Probably it's also a cultural thing but many people are very reluctant to talk about money, in several parts of the world is almost a tabu topic because some could be ashamed of their salaries and in general many countries don't have a high level of financial culture, so it's not even common to discuss about money and investment simply because they know nothing about it. It's like looking for people who talk about rocket science with their friends, I mean, who does that?

Talking about money or personal investments, it’s always best to deal on it privately. I mean no one needs to know about your current earnings, and how high your money grows in your bank account. So never obligate other people to answer questions like these since you are already ruining their privacy, or some people would not want to talk about it since they are low income earners and they have no investments to share. As long as it involves money, one should put some privacy into it since it’s a very sensitive topic.

[Rufsilf]

It's human nature to hesitate and ask a lot of questions about some matters since it involves their money, so of course there's nothing wrong with being cautious about the things you become involved with, especially if money is involved.

Personally, I have to disagree with this statement. Probably it's also a cultural thing but many people are very reluctant to talk about money, in several parts of the world is almost a tabu topic because some could be ashamed of their salaries and in general many countries don't have a high level of financial culture, so it's not even common to discuss about money and investment simply because they know nothing about it. It's like looking for people who talk about rocket science with their friends, I mean, who does that?

In this context, I refer to individuals who invest in or keep their money in banks or bitcoin. If someone were to suggest to you that you invest in bitcoin with a friend or mentor, even though you have no prior knowledge of the cryptocurrency, you would understandably wonder why. If we invested our money there, what would we get from it? You have the right to know where your money is going because it's yours, even if you decide to invest in bitcoin and receive interest. I'm not stating how much money they make or how much they get paid; rather, I'm just curious as to how it functions or turns into money if you can't see that it's holding any. Naturally, I also want to know why we can profit from bitcoin—does it have funding sources or is it just something that the market has been selling?

[bitzizzix]

That's true. They say they don't know bitcoin but they don't know what FIAT currency is too. The worst part is, they don't know what they don't know. They think they do... They are half-ignorant which is the worst kind of ignorance. It is because they will refuse to get educated even though they don't know shit. The good news is, bitcoin doesn't care what they think or do. When the time is right, they will have to learn what bitcoin is about. People didn't believe in cars too back in the day. Now nobody is riding horses anymore.

Humans are mainly obsessed with what they see physical or what they where born into, that is the reason Bitcoin is most likely adopted by the young ones. Most of this people still believe there is nothing like Bitcoin since it is nothing physical and getting to find out the person behind Bitcoin has remained anonymous upto this date this will cause them to avoid by all means yet we can term it ignorance.

They are so interested in shorter and quicker methods to make money.People like shortcut and they believe that nothing seems to come out of bitcoin.They just choose to be reluctant and hesitate on a life changing opportunity that seems easy.
Bitcoin is one of the easiest business to embark on compared to what is in circulation presently yet people find it difficult to acquaint themselves with bitcoin systems.

This is a common problem for those who do not know the uses and benefits of Bitcoin if involved. And in my opinion, only a very detailed explanation of Bitcoin's functions and systems can make them interested in getting involved. However, it will be a problem if what happens is not as expected.
And currently only those with curiosity and intelligence can understand Bitcoin in detail and run it in their own way, or ask the right people to learn more about Bitcoin.
But I am sure that as time goes by, they will get involved because we know that the growth of Bitcoin continues to grow and also continues to be popular and this is proof that Bitcoin users continue to increase as time goes by.

[Mauser]

People say that they don't know what is the btc and there is no clear story for them to trust btc.
But the same people don't know what is the money and how it's created and they are collateral or some type of security body by themselfes.
Little do they know how the banks even creating money.
So money the fiat currencies are unknown same like btc for many people.
Also all people live their lifes and nobody don't ask questions what's the purpose of life.
It's funny how they acting like they know everything but yet they don't nothing and then they say they know about money but don't know about btc.
Off course If some well known person will tell them let's use btc it's good and safe becouse i say so and Im trusted then people Will follow.
The same people who say things about cryptocurrency that it's unknown for them they act like they really know all about the other things what they trust,If you ask from average person can they explain the process of creating money debt and Fiat currency...they don't know.

   

I think that it's fine if you don't know what crypto currencies or bitcoins in particular are. Nobody in the world knows everything, and to be open about what you don't know is a good thing. But if you have no clue about bitcoins, then you should be listening to people who have knowledge about the subject. The whole financial system is complex and I can understand if people feel overwhelmed and don't want to learn how everything works. Unfortunately, this is going to have a lot of negative consequences later in life. Without real knowledge about, finance, economics and money it will be hard to invest your money in the right place. My grandfather’s generation also had no idea about money, but they would believe in the bank. It was common back in the days to go regularly to the bank and have one fixed sales person looking after you for 30 years. There was a lot of trust between the bank and the investors, and they would be buying anything that the bank recommended, even if it was a bad investment. So, we shouldn't feel bad about the average person struggling to understand the financial and monetary system, let's try and teach them.

[Su-asa]

If you want to make a living from Bitcoin investment you should need  Bitcoin technology knowledge but you can also pay more attentions on investing as you learn alongside. Your level of success in making profits through Bitcoin investment depends on how much knowledge you have and what knowledge you have. If you have the knowledge of trading you get the rewards of trading, if you also have the knowledge, patient on holding and accumulating you will also get bigger rewards of holding. Alongside that, misconceptions of Bitcoin made people lose their money on Bitcoin, like I said the knowledge you have will give you what you want.

[summonerrk]

You have mixed quite a lot of topics in one statement. I do not think that knowledge about the crypto and lack of financial literacy are the same things.
They are in slightly different spheres. Most people do not know how to use money, this is a fact, but many people know how to invest in stocks and manage money, this is so.
However, many of them do not know about cryptocurrencies, which provide economically literate people with huge opportunities. This is like a multiplier with which you can earn quickly if you look at cryptocurrencies from a speculative point of view.