Quote from: 0t3p0t on Today at 10:26:21 AM

Quote from: electronicash on February 22, 2024, 06:20:16 PM

Quote from: Asuspawer09 on February 22, 2024, 06:12:39 PM

Quote from: Parklane777 on February 22, 2024, 05:16:29 PM

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 really normal for some people who dont know about Bitcoin to say a lot of things that are not true because they just trust Bitcoin and do not know anything about it, they just do not have enough knowledge yet to understand how Bitcoin technology operates, but at the same, it's not really their fault because there are already a lot of rumor in the internet about Bitcoin, and if they are going to rely on the news Bitcoin and cryptocurrency really have a bad image overall because it is already involved in a lot of illegal activities, people used to seeing Bitcoin being involved in scams, pyramids, etc where people lose money, aside from that people are using it as well to scam people, something like encouraging people to invest saying that they are going to invest it on cryptocurrency and Bitcoin hoping that they are going to earn but end up losing it to a scammer.

There was obviously no way around it, the only way to do encourage them is if they are the one going to learn it or research about it that way they are going to understand it by themselves and know the potential of Bitcoin.

there are interviews where a youtuber is asking random people on the streets whether they know about BTC. surprisingly, the majority of those random people don't know BTC. i think there's still more than 90% of people around the world don't know BTC but trust banks with their fiat money issued by the government that is backed by nothing.

it's common for people to just trust the government because after all it's the government. and if the money is issued by the government then it's good enough for them. not asking anymore more than that. and i think because most people are in the rat race too. too busy to make money working 12 hours a day and have no time to ask whatever is there that the discovery channel is talking about.

Yeah easy to trust a physical form of money than the electronic one. That is the most common reason why majority of people around the world are still into fiat currency. Only few smart people who are interested with cryptocurrency or Bitcoin really appreciate it's value, potential and opportunities. We cannot blame these people because most of them aren't tech savvy or having knowledge about blockchain technology and the like.

Bitcoin is still a new thing even though it is already running for years some people still doesnt know it for them it's still a new thing, and even in the market, there is no proof or any guarantee that the market is going to sustain its value because it is just a digital asset there was no some kind of backup or any kind of value when it comes to tangible assets. The Market is just driven by the supply and demand of the market, other than that there was no other value to it, I mean we still know people who don't trust Bitcoin because of it, even though they are already successful people. And we know how risky investment in cryptocurrency is even though we invest our money on it and witness it skyrocket its market price.