Post
Topic
Board Bitcoin Discussion
Re: Where are we going with cryptocurrency?
by
Betwrong
on 03/07/2017, 09:40:45 UTC
As soon as majority of the world is informed and knows about digital currency, what do you think will happen? No matter how good it sounds to traditional banking, how much of the population will make cryptocurrency grow? 

When majority of the world is informed I think there will be 100 times more users of cryptocurrency than it is now. The price of Bitcoin will probably not rise 100 times though, because there are many other cryptos which people will be using.

I'm with you with that because 100 times is a bit exaggerated on its price for now but who knows in the future. Altcoins is certainly catching up on bitcoin although the situation

now is even though many of us are already using altcoins, our main cryptocurrency is still bitcoin.

being informed is just a first stage, the question is are people willing to learn cryptocurrencies, do they have the resources for it? what i observed on the people around me is

they come and go. they come because of money and when things get hard, they simply go.

I Think there are still a majority of people that are not using bitcoin or not interested with it, and if you rate it in the percentage I think the number of people that is not interested is in a 80% and only 10% of people that has knowledge with it, if you don't believe me then go out and see for yourself by asking random person in your community if they know what is bitcoin and I think 1 out of 10 will say that they have not encounter the word yet or don't know anything about bitcoin.

I don't know maybe it's true where you live, but where I live only 1% at best will say to that they heard something about Bitcoin. That's why I said that there would be 100 times more users of cryptocurrency than it is now if everyone was informed.

10% is a lot. There are 7.35 billion people in the world. Do you really think that 735 million are using Bitcoin or have knowledge about it?