Post
Topic
Board Economics
Re: Most people dont even know what this is yet.
by
cexylikepie
on 02/10/2017, 15:42:40 UTC
Hey, guys, you will not believe... But I really know a few normal, regular people, who work at their work, who have families, children, do shopping and so on. But they even don't know... e-mails!!! Really, they can not use computer at all. And they consider themselves - normal, usual people. They work 12 hours a day and when they come home, they hardly have power to get to the sofa and switch on TV. So wht BITCOIn are we here talking about???  Wink


Absolutely right were still on the beginning of bitcoin era. Most people don't know what is bitcoin or a digit currency now a days. But it becoming the most uses as mode of payment by other people and that well accepted by merchants becoming popular in this present years.

Bitcoin is probably geared toward the younger generations. Computers, the internet, and emails were always harder to learn for the older generations but the younger people grew up with these technological advances so they were used to it from a young age. The same is happening with Bitcoin and other cryptocurrencies. The younger generation will be more used to it and will understand better than older generations. It's going to take time for Bitcoin to catch on but it will happen gradually. At some point, Bitcoin will be as well known as smartphones.
As your said, Bitcoin needs to wait much time to more popular, it can not grow in a short time as few years and become famous or common like Dollar or FIAT soon. Therefore, when you invest into Bitcoin for long term, you should to have a see long time as 10-20 years for receive the best profits.