Post
Topic
Board Bitcoin Discussion
Re: What's the view of an average citizen About crypto currencies
by
Youngkhngdiddy
on 04/02/2024, 22:31:34 UTC
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 think that we are in that phase where a lot of people know about bitcoin and other cryptos but still the percentage of people involved that buy crypto through exchanges like Binance, Primexbt, Kraken etc.. is still relatively tiny when you look the big picture. The internet. The only way you’d be exposed to it and have an idea about it would be to be able to go online. A basic understanding of computers and money. What would you need to access the internet? A smartphone, at the very least. 1 fifth of the world does NOT own a smartphone. This rules out over 1.5 billion people. And only 59.5% of the world population uses the internet — meaning, almost half of the people who DO have access (smartphones let’s say) don’t even use the internet. So for the majority of the world to KNOW about crypto, that would require over 80% of internet users to know about it.
   The majority don’t know what they are doing and are simply looking for the “moon” token. They want to make a lot of money overnight. They all end up being the short term losers. Most of these people don’t know more about Bitcoins and altcoins than what they have read about in the media. Why it was introduced in the first place and how blockchains work is neglected. The difference between having heard of it and actually understanding it is so big that misinformation has become common.