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Author Topic: Doesn't exposure plays huge role in Bitcoin adoption  (Read 220 times)
Findingnemo
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October 16, 2024, 03:16:37 PM
 #21

There are lot of people invested in Bitcoin without actually knowing what's actually the Bitcoin is just because they got money to invest so the exposure of what and why is really important if we expect the Bitcoin to be used for the financial freedom not like buy and dump to make money and repeating it. Bitcoin is like a war against the censorship of the banking system and so far it's grown on its own way but you can't deny that it happened via everyone's little contribution of making it more visible.

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October 16, 2024, 03:55:08 PM
 #22

I have seen a few threads that happens to discuss on how to make Bitcoin more popular and how to communicate people into accepting Bitcoin which doesn't fit in as a good source to increase the Bitcoin population/activities. I see no essence why we need to persuade anyone into accepting Bitcoin, this is an adoption that should happen based on personal acceptation and free will attached to a particular reason either for transactions or investment.
You're right about that. We're past those times when everyone tried to contribute to give Bitcoin exposure to help the adoption. It's true that there's no need to persuade anyone anymore if they want to invest or not.

But it also depends on us if we're going to help others that keep on asking us how they can invest in Bitcoin. Those that don't know how to search and can't use their resources will certainly ask one of us on how-to.

Bitcoin has a good record for over time adoption which distinguishes it from every other digital assets, while we are restricted from making explicit discussions concerning our Bitcoin investment, yet the statistics shows that the rate of adoption increases every cycle. How possibly is this met?
Thanks to the past efforts by everyone. And right now, it is working on its own thanks to the media and the institutional investors and that's why the adoption is increasing every cycle.

It's only a matter of time that everyone who's got a phone, a device and TV will know or probably heard about what BTC is.

 
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October 16, 2024, 05:30:08 PM
 #23

It's not bad to discuss about bitcoin investments but talking about how much you invested is not a good decision and it's also for your safety. If you haven't know yet, there are some people who got their BTC stolen when someone knows how much bitcoin they have. If you value your privacy then you should think about it more than doing nothing. Having more exposure about bitcoin may bring a good news like another country accepted bitcoin as a legal tender. I think it will be much better for those stores that accepts payment in crypto.

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October 16, 2024, 09:55:28 PM
 #24

I have seen a few threads that happens to discuss on how to make Bitcoin more popular and how to communicate people into accepting Bitcoin which doesn't fit in as a good source to increase the Bitcoin population/activities. I see no essence why we need to persuade anyone into accepting Bitcoin, this is an adoption that should happen based on personal acceptation and free will attached to a particular reason either for transactions or investment.


I actually agree with you that it is not a good idea to actually persuade someone into investing into bitcoin, the risk around it is that many could actually take the advice in a wrong way and invest wrongly into an asset that is volatile due to maybe greed or some wrong way of investing. In as much as their is the warning of persuasion but to me that doesn’t affect someone who harmlessly spreading the information about bitcoin through either advocation or by actually accepting the bitcoin as a means of payment. This to me is not persuasiveness but rather advocation which bitcoin needs too to avoid the wrong spread of it

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October 19, 2024, 12:02:14 PM
Merited by Ivystar5 (3)
 #25

while we are restricted from making explicit discussions concerning our Bitcoin investment, yet the statistics shows that the rate of adoption increases every cycle. How possibly is this met?
You are not restricted from anything in the network, you are only advised not to talk too much about your bitcoins for your own safety and security and so you don't make yourself a target of $5 wrench attackers. That being said, there are a lot of avenues by which one can learn about bitcoin if they are interested, the internet has all the information they need and there's crypto forums like bitcointalk too. Close friends and family can also talk about bitcoin without giving too much away about your own personal hodlings.

I will also add that  adoption is not the same as investing in it.

Investing in bitcoin doesn't mean adopting it. When I think about bitcoin adoption I think about people buying stuff with it. I think investing is part of the adoption, but not the same.
Not too convincing, i think investing in Bitcoin is also a common part of adoption. Adoption deals with the sincerity of taking something into proper consideration and confining in it. Both investing and making use of it to purchase stuffs already categorize as part of adoption because every risk involved has been closely watched for and yet still choose to participate.

If we really want bitcoin to be accepted by every countries the government should use and implement digitization, where payments and other transaction will have an option to use crypto and also urges stores to use and accept this payments, this will help the adaptation faster and people will not look at it as a scam, since lots of people will follow the government and use what is available and is accepted by law without any consequences of being accuse or jailed.
Truly, the government can be a huge promoter of Bitcoin using their influence, but the reality of it is that they will have the urge to put everything under their administration, which means their is no importance while Bitcoin was created. The government are looking for ways to promote their local currencies, imagine a state in condition where people are no longer making use of local currencies to make payment but majority are all making use of Bitcoin, this will serve a huge threat to the government because certain financial institutes can undergo breakdown in their output.

while we are restricted from making explicit discussions concerning our Bitcoin investment, yet the statistics shows that the rate of adoption increases every cycle. How possibly is this met?
Who restrict "we" to discuss about our Bitcoin investment? people here only "advise" you to not doing that, after all you're the one who make the decision. Moreover there are many people with two face, they give you advise to not tell your Bitcoin in this forum, but actually they do that with their friends.

Even if you've read many people said they keep their Bitcoin investment secret, but "those many people" aren't reflection of the whole people in the world.
You made an interesting point, we are not totally restricted or even restricted but should be done to a limited extent. Not everyone could be the reflection of what we avoid but it is not written on faces who will become a threat, then this brings us to the state where everyone can become a suspect and only way to avoid is by limiting our resource of our Bitcoin success and how we surface it to others.

R


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October 19, 2024, 04:44:27 PM
 #26

One profound way i can think of is exposure, as times goes average users begin to get very fascinated concerning the digital world potentially elevating their concern to adopt certain legitimate technologies like Bitcoin. Physical interpretation is not sufficient enough to grow the community, instead it follows a pattern of exposure.

We don't necessary have to bother ourselves about adoption as when the time is right, it'll happen without any much efforts. Same thing was said about institution investors that we were once looking for them but when the time was right, they came knocking and not we looking for them.

With the use for Bitcoin in any way we can we're participating in the adoption already and the awareness is being created so if you have the opportunity to add Bitcoin as an acceptable payment in your business or service that you offer, you're contributing to the adoption.

Nobody should be forced or convinced to invest or adopt Bitcoin. Only lend a helping hand when they come to meet you and not you meeting them because the industry isn't one that you're to bring a newbie that'll likely blame you for everything that goes wrong when it isn't your fault but their ignorance.

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