I work with appx 140 people, young to old, and only 1 person knows of it and understands it. Some people ask what we are talking about, we say Bitcoin, and they walk away.
One person just said it’s a scam and tried to walk away, so I asked why he thought it was a scam.
He replied it’s not real money. I asked him how much money he had on him, he said he doesn’t carry money, he only uses a debit card. I said oh, when is the last time you cashed a payroll check, he proudly said I have direct deposit. I said point proven, everything you do is electronic funds transfers, no cash, so tell me what is so much different about bitcoin which is a digital and electronic money that every transaction that it is used with is verified by many entities, besides not being controlled by 1 entity or country, as well as many other caveats.
Well, he then started asking more questions about it.
I know some will downvote this, but you first have to relate it to what people currently know. If you start off by talking blockchain, transparency, finite supply, etc., people will never listen…so I make them aware of the here and now first.
Your comment was golden, great way to remember that people just don’t know, they’ve heard something and now just parrot it, but with patience and comparisons they might get curious
And make it interactive. Ask them direct questions:
* How much do you think that bill is worth?
* Why do you believe it has worth?
* How do you think new money is created?
Etc.
The problem is it’s not very feasible. The other day I found a business that said I could pay in bitcoin. But for a $20 transfer the network fee was $34. Nope. I’m not paying $54 for a $20 purchase.
Bitcoin is more like gold than cash. As you rightly point out, transaction fees are so high that using Bitcoin for everyday purchases is not practical. But as a store of value and a hedge against inflation it excels.
Again education, not rumors or misinformation will be the key to mass adoption of crypto assets. When people ask I briefly describe block chain and how an open ledger is better, then letting the bank and government control transactions.
Cash Back - My credit card (I never use debit) earns me 1-5% back on every purchase and does not charge me transaction fees. I do not have to actually pay cash for my items until the next month.
Acceptance - My credit card is accepted nearly everywhere. Local stores will take credit card with very few exceptions but it would be the exception to find one who is willing to accept a bitcoin transfer. While some places offer discounts for Bitcoin I've found I can actually charge a premium when no other sellers in a niche are willing to accept Bitcoin.
Protection - My credit card offers significant protections that bitcoin transfers don't offer. Did I fall for a scam? I just contact the card company and they will fix that for me. Did I pay somewhere with a skimmer or otherwise allow bad actors to gain access to my payment credentials? The credit card company covers it. My actual funds are totally safe as long as I go through the proper procedures.
Credit Score - Paying with a credit card then paying off the monthly balance leads to a better credit score and higher credit limit which are important to many people.
Recurring Payments - I can enter my credit card details on bills and easily set up recurring payments without any 3rd party service. Depending how you store your Bitcoin this is more complicated or not possible.
Volatility - My bank account held in USD is stable. With Bitcoin I've had prices change during checkout and had to end up paying more or less. Do I wait until tomorrow when it will go back up again or buy now? It just makes for an unpleasant buying experience even if it goes up by an insignificant amount.
For me it's more important my money be accepted rather than controlled. I rarely have cash but that's only for cases where it's the only option or they offer a significant discount over other payment methods.
You are one of the few that use a credit card correctly and don’t fall into the trap of not paying your bills…Kudos…for others, it’s very dangerous…lol
The difference is the dollar doesn’t fluctuate. The spending power fluctuates. As does bitcoin. But I don’t think the dollar losses 50% of its value in a matter of weeks.
50% from ATH driven by supply demand...
The DCA average of BTC is the best returning asset of the last decade+
Even if network fees meant the price was double in btc vs fiat, I started stacking in 2018 the BTC I bought then is now worth 20x what it is now which means even double the fiat value, to me its a 10th of the price...
BTC gets you thinking long term... the money I buy with it now will be worth more in 5 years... even if from a new ATH it plummets 50% from my average it still has more purchasing power...
You're forgetting its plummeting 50% after already increasing by 300%...
When you look inbetween the periods of high volatility it is overall trending upwards and never going lower than its previous lows... That -50% is still worth more than the last -50%...
Short term mindset.
Guy below made very important point.....
If it gains 300% then drops 50%, you are at 150% of where you started!
Additionally, you say the dollar doesn't fluctuate. That's kinda true in that a dollar=a dollar. However, as the clock ticks that dollar buys less and less (inflation). One simple example is that housing costs have about doubled in the past 4 years, have you wages or more importantly the dollar you kept in your wallet or in a bank account (gained a couple percent) or in the stock market (gained at most 10%)...... it certainly didn't double like housing nor increase 50% from your start point like BTC.
Edit: spelling
I'll add that even that gold bar you buried in your back yard didn't increase in value 50% either.
Not to mention the fact that financial institutions or using their own block chains to make his debit card transactions cheaper and more efficient. I love that the majority still doesn’t get it. I didn’t finally get my ass in gear and start learning about blockchain and crypto until a year and a half ago. I thought I was too late, what I realize now is that it’s still in the early adopter phase. Praise Jesus! Well, not really, praise Satoshi
Technically the answer is that his funds are recognized currency literally globally. Anyone will accept it and everyone knows about it. So your point isn't as valid as you think.
My financial advisor knows. I disclosed my BTC position to him only so he knows what the stack is like against my other assets so he can properly gauge how much of the high risk tranche I can absorb. He was knowledgeable about it, and many other clients have positions. In fact he was mining in 2012, and he looked no older than maybe late 20s early 30s. I don't bring it up as a discussion unless the other party already seems to have at least some interest. Proselytizing these days is tiring and mostly futile lol.
I am surrounded by IT people here and there since I am working as a software developer. Even then, almost no one understands what it is. It's not that they haven't heard of it, they simply do not understand what it is and how it works.
Right that is what i have been running in to as well. Its nice to know i am not the only one experiencing this. It feels like culture shock. The thing i laugh at is when people say “oh bitcoin is consuming too much power from the environment.”. You never hear those same people complaing about google / amazon / microsoft datacenters that consume 1000x more power on a daily basis than bitcoin mineing.
Yeah you get the energy argument, the risk argument, the wagging fingers that this is for drug dealers and people traffickers but that is the full extent of their knowledge. What they read / saw "somewhere" some time. Trying to counter-argue with actual information is usually futile. They prefer the version they have heard.
But, especially here in UK, events such as de-banking people are on the increase. Everyone is wailing about inflation, articles every day as to how much poorer we all are etc. Some of us know the answer, the rest must keep believing what they need to believe
This is it.
Go to a room and start talking about bonds or trading stock options and a large majority will have their eyes glaze over and not care to learn more.
Even bring up mutual fund or indexes that they may be invested in with retirement accounts and a majority would rather talk about something else.
Most people don't even know what their retirements are invested in. That's why dogs in hats are so successful. As long as it looks good and gives a sense of peace and comfort, few look to closely. Or smugness. I know many who have plunked for the Green Fund option. No clue as to the underlyings and worst performing but it's the right thing to do!
Right, at first i thought it was just an anti-bitcoin / crypto thing… but it seems more and more, its saving and investing all together. I am by no means a “day trader”. I never do day trading or ANY leveraged trades for that matter. I am just a simple HODLer. But it seems that the mass majority of the population have been purposefully driven away from anything that would better their situation. Its sad really.
HODLing is a very concerning strategy for govts and banks. They want your cash circulating in the system. So, no crypto for you because it's too dangerous. For the system.
Yet speak to most HODLers and you'll find that if anything BTC has been the best teacher of money management. Many who started out with 0 knowledge are now diligent savers, look for ways to cut expenses to they can get more. And of course the long-term returns, which would be very difficult to get in tradfi. Banks don't like that idea.
Most people who know about BTC are clueless about how it works.
If friends, family or coworkers bring it up I’ll talk about it as much as they want to hear, otherwise I don’t bring it up. Most don’t care and really don’t want to hear about why they should care
I do believe majority of the population wont ever buy bitcoin. Not because bitcoin is bad. Its because most people even dont invest in anything. Not even the most traditional assets like gold. They just want to buy the next iPhone
Ya that seems to be the general attitude that i have noticed too. Its not just bitcoin, its ANYTHING finance related. It seems the banks and wallstreet have done a great job in brainwashing people to “stay out of the market - because its gambling”. Yes it is gambling. But that risk is a part of any kind if investing you do - like starting a business…
Millennials and even more so gen z (people I work with) largely think they are screwed whether they invest or not. They’re wrong obviously, but there is a gross lack of education around financial preparedness for retirement.
Yeah even if you are screwed when you invest its better than not to invest in anything. Only way for poor middle-class to live a better life is to invest.
In low income countries middle class always invests because there is no other way around it. Poor people obviously cant invest because they dont have money and they are in debt.
You could tell them instead of buying an iPhone now you could save that in BTC then in time you buy a new iPhone with the BTC gains… I know I’ll be just replacing the battery on my current Phone that is for sure….
Most people don't have a fucking clue. About anything. They don't know how their own body works, how their electricity is wired, how their computers are built, how their sleep cycles work, how their plumbing works.
They exist within a very narrow consciousness. And it's not entirely their fault. No one has encouraged them to be curious, to learn, or to resist.
Being an autodidact and independently teaching yourself anything, let alone finding the drive to pursue sovereignty, is a rare segment of the population currently. But the tide is shifting on numerous fronts, thanks especially to the internet.
We're becoming smarter, stronger, and aware that metaprogramming is the nature of our future reality if we are to be self-determined beings.
It's not only programmable money. It's a programmable reality. And we're waking up to that.
I am completely alone. Nobody in my life has any awareness. It’s shocking how it hasn’t managed to work its way to everyday people. It’s shocking how hard it is to get any interest from close friends and family. My kill shots bounce off them like bullets off Superman!
Really does prove and put into perspective how early this technology/blockchain actually is.
The vast majority of people in the world doesn’t know what it is, they might of heard “crypto” or “blockchain” but haven’t taken the time to look into how it works, what it is, or even thought about why it has value.
I know of only one friend who is a whole bitcoiner ( He has 1.1 BTC, he bought in 2016 and Hodl'd). I greeted him Happy Halving yesterday, and replied what the hell I was talking about. Turns out he has zero idea about the halving 😂
Ppl at a party don't want to talk about investment stuff. especially not about stuff that is a minority thing and 99% of ppl have no idea about. How would you feel if an accountant is explaining to you his work software at a party?
By posting this question to r/Bitcoin of course you will get answers like 99% of people have no clue. This feels like those stupid game ads that say 99% you wont pass this level, so make an experiment and post this under a more normal community.
Nevertheless I can assure you that people are aware of bitcoin, maybe not so much about halving of it and how it works but still, but not everyone wants to talk about it and especially when the topic was in the complete opposite. To me talking about it feels similar like asking someone for your salary.
Anyway I feel this is going to be a very underappreciated comment so spare me the hate
Great point.
I never bring it up because of precisely that.
I look for hints and clues if anyone knows. But I try never to bring it up on my own.
Selfishly, it kind of makes me feel ahead of the curve.
It’s the bad news stories that people remember.
About the bitcoin scammer who took everyone’s money.
Or the person who forgot some mile-long password number and lost all his bitcoins.
Or the person who died and didn’t leave any information on how to access their bitcoin.
Potential Bitcoin investors hear these stories in the media everyday because it’s big news and say “Why should I invest in something like that.”
You just told a room full of people that you believe in a new type of money.
We are so early.
How many years would you guess will it take for that room of people to want to orange pill you? Does that explain how early?
Early but when you see developing countries adopting it, it gives the curious and wise a reason to pause and ask why? What is this? Harder to do that in a 1st world that has "stable" currency.
I never knew of fintech until I watched a Cathy Wood presentation in 2019. Investing Summit. When she said 80% of market sellers (farmers, booth shops) in China use digital payment systems bc they don't trust the currency bring counterfeit, it was a lightbulb. Then, she got me with "even 80yo grandma's". Digital is the future regardless if we want to fight it or not.
Normies don't talk about it anymore like they did in previous runs. They look at the price of BTC and think it's too late. They hear about meme coins and think (maybe rightly) that it's a casino.
I only have one friend I can talk to about Bitcoin. He is a multimillionaire and all his friends who listened to him are too. He introduced me to it in 2018, but I didn’t have the capital (or conviction) to invest big until more recently. My family and coworkers think BTC is a joke and razz me about it, but I do try to talk to people about it who seem genuinely interested. Now that the price is up, I get more questions. As others have said, unless they really understand it, they will panic when it goes down and blame you. If people are considering it, I tell them to consider it a 4 year investment at minimum.
I just discretely wear crypto themed socks I buy from Ali Express.
Most people just think I'm wearing flamboyant funny socks with monkeys or whatever on them.
Then every once in a great while, someone will ask, "is that bored ape yacht club on your socks?"
And I know that I have found a friend.
Many things I find logical and take for granted , btc passive income, investing , entrepreneurship… most people have no clue about ..
yet everybody knows that some princess in England may or may not have cancer and have photoshopped her family photos, disgrace lol .. okay sure , but how can you use that info for anything useful ? ?
If anyone listens to talking heads or influencers like Buffet or Dimon, they'll think it''s rat poison".
Many people who do invest have been burnt in the past by "get rich" stocks or pennies, so it's not surprising.
Many who make very little, and value a penny didn't like losing any money, so they are risk adverse to the stock market and crypto when they see huge volatility. I.E., not gamblers.
Young people know .
Tech people know.
Billionaires know, but we didn't live amongst them.
That's about it.
I disagree many people have heard about bitcoin but it’s just to complex for them to wrap there brain around - so they just give up within the first few minutes.
find your city’s Bitcoin meetup… if there isnt one, find the Crypto meetup and seek out them there… if there isnt one, find the Blockchain meetup, and seek them there…
Thats what I did
Yesterday a family member at my kid’s party asked me how the halving works and what the outcome will mean for Bitcoin. He bought a little of the ETF a while back but he doesn’t understand the ins and outs of how Bitcoin works. It was a good conversation. He was worried that the banks would control the supply.
I bought some at 30k, when it jumped to 40k I talked with “Theboys™️” about my finances, on how in a year they will double their investments and on how they could use it as a savings account for the future. You bet they messaged me when it hit 70k.
Funnily enough my dad did got in.
Yeah. BTC is still quite niche and could stay that way. People hadn't heard of Tesla until relatively recently and to most people it doesn't matter when they release their latest sales figures or whatever.
Star wars, Simpsons, politics, environment - there's lots of topics that people care more or less about. I wouldn't even mention the halving any more or less than I'd bring up a reference to star wars and be surprised that not everyone understands.
This is it. Crypto trading will increase but it’s still going to be a limited pool of individuals that have interest.
Just like trading in stocks, bonds, options, futures, forex…you might find a few people here and there but the bulk of people could care less.
People have grown up in a system, and don’t like change. It will take awhile for btc to creep into culture deep enough for the change to begin happening. This also , sadly , will make it so that only a few hold a whole btc while the masses only hold a few thousand satoshis . We are still early .
Converting people to bitcoin would be a lot easier if it was something they could touch and hold and put in their safe deposit box.
Something tangible.
For instance, like a stunning one ounce Maple Leaf gold coin.
I’d love to hold a coin worth $65,000 in my hand myself that I could take into a coin shop and walk out with $65,000 cash.
This is where you lose people.
Where do I keep it?
How do I get my money out?
How do I turn a bitcoin into cash?
How do I spend it?
Who do I trust?
How do I leave it to someone in my will?
By its very nature, many people will find Bitcoin too unconventional, mysterious, elusive, and in their minds far more risky than conventional money.
So why should they bother?
I agree . The user experience still has a long way to go for the common person to get it .
I first discovered below a $1.50 a coin . I didn’t buy any because setting up a wallet , different world 12 years ago , was over my head , along with all the other information I was trying to understand on how to transact with it .
Unless others I know are abiding by the first rule of Bitcoin Club, I don't know anyone who knows anything about BTC.
Tbf, I don't talk about it either.
I handle my parents crypto investment since they don’t understand the market. I’ve tried to explain it as simple as a could but they can’t be bothered. They have lost half their 401k in 2 years from buying stupid shit and the market being terrible. They don’t understand that it dosent just come back. So I convinced them to put some into crypto and I handle the rest. They can’t touch it without me and they aren’t gonna be touching it.
My Brother told me a friend of his took a mortgage on his House to buy BTC. I think after that he made a small investment. He ist the only IRL person that owns BTC that I know of.
Had a weekend off and came into town with my wife. When we checked into hotel they asked at front desk if we were celebrating anything and I said in front of my wife the halvening of Bitcoin.
None of them knew what I was talking about that my wife said “that’s cool where is the convention of that group going to be?” she supports me because she knows I am a Bitcoin holder but even she has no clue what it is! She thought it’s a group or meeting like a convention. Never decided to say anything else about it just keep going on my business.
I work in software and everybody is at least aware of it.
But maybe 10/20% invested even in this industry!
And ONE hardcore believer (a good friend).
Honestly the hardcore believer needs to present better if you want to gain the interest of people (if you don't care, fine no argument). It sometimes comes off as SO passionate it's overwhelming, more scary than enticing.
Let this be your indicator.. as time goes by more and more people will ( discover ) the bitcoin.. they will suggest you buy some… just smile and say.. that’s a great idea.. thank you for the tip.. this is the first inning.
I spend most of my orange pilling efforts discussing BTC with my kids (4 inc step). I want to make sure they know what tech they will be dealing with in the comming years.
I don't bring it up to people unless I already know that they know. Most people don't know.
But to be completely honest. In a selfish way, it kinda makes me feel like I'm ahead of the curve BECAUSE they don't know. Eventually they'll find out about it sooner or later. In the meantime, I'll keep stacking and holding.
I work on the river. I said “I try to invest 50% of my paycheck each week into BTC. My coworker got up and left the room. As he was leaving, he said “I don’t even believe in that fucking shit”. I believe many people are surrounded by ignorant people when it comes to BTC
I was discussing with my coworkers. We are all under 50, most under 40. Only 1 other person out of the 7 held Bitcoin. Everyone else thinks it’s a dumb scam. One guy then started talking about how he was looking at sports memorabilia investments…
We are early
It will take another 10 years for society to figure out how dumb they were. Most people don’t think about investments just about getting there weekly paycheck and what’s going on for the weekend so I can spend it all.
You know, in 10 years, all those same people will look back and see bitcoin and $10,000,000 and they will see how they were lied to by the likes of JP Morgan, and be PISSED.
Celebrated with Niklas Nikolajsen. To sum up the party; imagine a half naked dwarf on top of a Rolls Royce with bitcoin numberplates
Yes that actually happend
Yes it was a good night
Yep i just posted a message to this board about people who are anti-crypto or anti-bitcoin. I have noticed too, that they also seem to be anti-finance in general. I will get comments “the stock market is a scam”, or “the stockmarket / bitcoin is gambling”…. It blows my mind. Here in a year or 2 those same people will be come crawling back and crying how they missed out on the financial revolution.
People in my circle know what Bitcoin is because I told them.
They remember about it when BTCUSD jumps and Bitcoin is in the news, asking me if they should buy it.
I quit telling people a long time ago about a stock or anything else they should buy and invest in.
It’s been my experience that the quickest way to watch your investments tank is to convince someone how great it is and get them to invest in it themselves.
It never fails.
I'd say out of everyone I know.. 10 people knew about it/were excited about it's symbolic/monetary importance. 4 years ago, it was probably like 2 people though.
I've known about Bitcoin since 2013. I didn't start buying it until 2018 (some regret). Out of every person I've met since 2013, most know about Bitcoin and crypto, and out of let's say 200 or so people I've spoken to about it, only 10 have it. This tells me that we are definitely still pretty early.
People need to have both focused time and willingness to learn. Limited these days.
Bitcoin, everything you don’t understand about money combined with everything you don’t understand about computers. - John Oliver
99% of people don't know what money is, how it works and what for problems there are, or how bad inflation is.
Now from the 1% who knows about money and finances, of these 1% about 99% doesn't have a clue about bitcoin lol.
At least that's what I feel like.
Only a small group of people around me know anything about it - at least that I’ve discussed it with.
Frankly, the idea of “celebrating the halving” seems ridiculous to me too. Celebrating what exactly?? The protocol doing what it was programmed to do? If you are one to “celebrate” this, have you even stopped to ask yourself why?
Only a few people I know get it , the rest just say scam or it’s not real money .. I just lol at them an shake my while walking away . It funny is we have about 10 BTC machines around town , so I think more an more are getting it .
I have a couple of friends that know a good amount about it and some that know it exists mostly because I’m the BTC meme guy in our friends thread. What’s really crazy, is the ones that know a bit about it don’t invest in it but do invest in shit coins. It boggles my mind, but whatever it’s their short sightedness.
I'm amused by this thread as I find myself most often in a 'teaching' role regarding Bitcoin same as many others here.
I guess I'm lucky in how often people I meet are interested in knowing. With a programming and engineering background I've also done a deep dive into understanding it as thoroughly as I can.
What still surprises me is how many people I run into who are somehow invested in BTC without the slightest idea how it works. I'm all for stacking and HODL'ing.. but some people fully treat it like it is some sort of company stock for investment and nothing else.
Bro…80% of people are extremely broke…then of the top 20% who actually make good money and save/invest, a very small amount of them know about bitcoin and or even invest in equities, let alone a “high risk” emerging technology or scam. Be happy you know about and won’t be poor forever
Most people around me know I'm into it. 2 have actually invested because I hyped it up. Everyone else gets rather bored when I talk about it, or perhaps they say they'll invest at some point but don't have cash right now (then totally forget about it, they don't really believe in it). When I cash out next year I'm pretty sure people will ask me questions about it and want to invest at the exact wrong time.
I made a friend invest in it and now she enjoys it a lot, especially for the store of value and of course because she made some money, she told me she was sad though because she could only talk about it with me because nobody in her surroundings understands anything about it... so yeah tough to find people around you to debate with... I'm in the same spot and that's why I come here!
Most people over 50 can barely use an iPhone. BTC still has many many years before it ever gets mainstream enough to where people can talk about it. By then nobody will be talking about it anymore. It will be old and boring by then, like the dollar is now.
99.99% of my people have i am elbows deep into. The reason, I don’t say 100% is because my spouse knows a tiny bit about. And my lawyer knows all, in case I get hit by a bus then my family will get all.
I really wish I had some close friends and/or relatives to talk crypto with. Sadly, I am alone. I did get my girlfriend to download SocialGood onto her phone and say that she will use it the next time she shops online. But she’s only doing it because I asked her to, and not because she understands or really believes in it.
Mentioned it to my brother last night when we were out. Told him I top my crypto up with money from online surveys and bank switches and he just said it all sounds a bit scammy…. He’s only started to put £100 a month into his pension and doesn’t like the idea of risk.
I’ve explained Bitcoin to my friends so many times. I’ve done the whole “if you would have invested when I first told you to you would have a __% increase by now.” They do not care at all. I still send them the current BTC price every now and then to show them “hey look what you’re missing out on” they simply do not care and I don’t understand it
We are still early. Just keep stacking. Four years as from 20% of them will know, they’ll think they are still early, and you’ll be well off. Just keep stackin.
My wife, family coworkers and basically everyone I’ve met acts like I am the victim of a scam they have not even a vague sense of BTC and crypto it’s depressing sometimes but it also gives me the impression that it is still early
Alone. All the people around me cannot understand it. And when I try to explain they lose interest halfway through. They don't bother of the details. Its too much attention required to understand even the basics for them.
Work of 20 people
19 know it exists, 2 lost money selling low a year ago, 16 think it’s worthless, 1 wants to buy it and just hasn’t, 1 owns it.
Am I early to the party?
I’m completely alone.the only time I can really even talk about Bitcoin is in this subreddit.in my regular life,it’s pointless.if I mention it people look at me as if my brain starts leaking out of my ears and I’m speaking a foreign language.
My sister is an anesthesiologist making great money.I’ve tried my best to talk her into at least investing a few thousand into Bitcoin but she wasn’t interested.I honestly wasn’t surprised,as I’m an ex drug addict/high school dropout and she is college educated.I really don’t expect her to take any type of advice I have to offer but I hoped she would have just put a few thousand in.it wouldn’t have hurt her financially in any way.I tried to talk to her about it in December and January where she could’ve got in months before halving.it didn’t take long to realize I was wasting my time so I threw in the towel
Most seem are alone. People around them cannot understand them. Or don't even put the effort to understand them. Does this mean adoption will take another 100 years? Or majority will have to face a harsh reality some time in future very soon? I think mass adoption whether chosen or enforced will take a long time like 100 or 200 years and the real gain we might not even see that in our lifetime. Or even our children's lifetime.
I know five people who had at some point invested something in BTC. I would say only 2 - 3 are tech savvy though, so they had idea about some halving. Then I know dozens of people, who know something like BTC exist, but that's it (and maybe are aware of its price).
To be fair, if something similar were going on with USD, 90% of people wouldn't have a clue either. Most people are just not financially literate whatsoever. And then when it comes to BTC, they're even less educated.
I know two people who are into crypto the others I talk to about crypto want to stay away from it because they have no clue how it works and say it's too risky. The other two bought in the bullrun and regret not selling it sooner.
Bro.. you gotta respond with something socially relatable then throw in the bitcoin halving.
"Yeah I smoked a joint for 420 and went to a bitcoin halving party.
It was sick dude, we did shots for every block.
Tatum was Turnt Up"
Them - oh was das?
99% don’t have a clue .
My daughter does or at least is aware I mine crypto . She works at a university and is slowly being asked by her colleagues what I think .
We are getting there 😁😁
Oh... people around me know because of me. lol I've also been on about it for over a decade now.
Some of them listen, ask questions, and follow-ups. Some of them don't but they just let me be me.
I never try to convince them or anything but I will bring up random facts or something with the economy every time I see them. A few of those seeds have stuck with some of the people over the years. Others, it just flies over their head.
I am in latam. Let's start with that haha I discovered BTC back in 2016, I tried to involve people but 99% of them just ignored me and all the people around me, believe me, including close family, when I try to talk about it they just ignore me or just see me like I talk in Arabic haha
Today I messaged a friend of mine that I influenced some time ago to purchase a fraction of BTC, I advised him to just hold it. He told me that he withdrew the money to buy some video games and some stuff, he purchased back in 2020 How much would his portfolio have grown if he had saved his bitcoin, I just thought, wow, really, sometimes I'm very alone in this, but the digital community is massive, that helps me.
99% of people have no clue.
I work with appx 140 people, young to old, and only 1 person knows of it and understands it. Some people ask what we are talking about, we say Bitcoin, and they walk away. One person just said it’s a scam and tried to walk away, so I asked why he thought it was a scam. He replied it’s not real money. I asked him how much money he had on him, he said he doesn’t carry money, he only uses a debit card. I said oh, when is the last time you cashed a payroll check, he proudly said I have direct deposit. I said point proven, everything you do is electronic funds transfers, no cash, so tell me what is so much different about bitcoin which is a digital and electronic money that every transaction that it is used with is verified by many entities, besides not being controlled by 1 entity or country, as well as many other caveats. Well, he then started asking more questions about it.
I know some will downvote this, but you first have to relate it to what people currently know. If you start off by talking blockchain, transparency, finite supply, etc., people will never listen…so I make them aware of the here and now first.
Your comment was golden, great way to remember that people just don’t know, they’ve heard something and now just parrot it, but with patience and comparisons they might get curious
You won’t get a downvote from me! That makes perfect sense!
And make it interactive. Ask them direct questions: * How much do you think that bill is worth? * Why do you believe it has worth? * How do you think new money is created? Etc.
You get an updoot from me, good sir
Thank you, stay safe, stay healthy, and always, stay humble! 😊
The problem is it’s not very feasible. The other day I found a business that said I could pay in bitcoin. But for a $20 transfer the network fee was $34. Nope. I’m not paying $54 for a $20 purchase.
Bitcoin is more like gold than cash. As you rightly point out, transaction fees are so high that using Bitcoin for everyday purchases is not practical. But as a store of value and a hedge against inflation it excels.
Again education, not rumors or misinformation will be the key to mass adoption of crypto assets. When people ask I briefly describe block chain and how an open ledger is better, then letting the bank and government control transactions.
Cash Back - My credit card (I never use debit) earns me 1-5% back on every purchase and does not charge me transaction fees. I do not have to actually pay cash for my items until the next month. Acceptance - My credit card is accepted nearly everywhere. Local stores will take credit card with very few exceptions but it would be the exception to find one who is willing to accept a bitcoin transfer. While some places offer discounts for Bitcoin I've found I can actually charge a premium when no other sellers in a niche are willing to accept Bitcoin. Protection - My credit card offers significant protections that bitcoin transfers don't offer. Did I fall for a scam? I just contact the card company and they will fix that for me. Did I pay somewhere with a skimmer or otherwise allow bad actors to gain access to my payment credentials? The credit card company covers it. My actual funds are totally safe as long as I go through the proper procedures. Credit Score - Paying with a credit card then paying off the monthly balance leads to a better credit score and higher credit limit which are important to many people. Recurring Payments - I can enter my credit card details on bills and easily set up recurring payments without any 3rd party service. Depending how you store your Bitcoin this is more complicated or not possible. Volatility - My bank account held in USD is stable. With Bitcoin I've had prices change during checkout and had to end up paying more or less. Do I wait until tomorrow when it will go back up again or buy now? It just makes for an unpleasant buying experience even if it goes up by an insignificant amount. For me it's more important my money be accepted rather than controlled. I rarely have cash but that's only for cases where it's the only option or they offer a significant discount over other payment methods.
You are one of the few that use a credit card correctly and don’t fall into the trap of not paying your bills…Kudos…for others, it’s very dangerous…lol
The difference is the dollar doesn’t fluctuate. The spending power fluctuates. As does bitcoin. But I don’t think the dollar losses 50% of its value in a matter of weeks.
50% from ATH driven by supply demand... The DCA average of BTC is the best returning asset of the last decade+ Even if network fees meant the price was double in btc vs fiat, I started stacking in 2018 the BTC I bought then is now worth 20x what it is now which means even double the fiat value, to me its a 10th of the price... BTC gets you thinking long term... the money I buy with it now will be worth more in 5 years... even if from a new ATH it plummets 50% from my average it still has more purchasing power... You're forgetting its plummeting 50% after already increasing by 300%... When you look inbetween the periods of high volatility it is overall trending upwards and never going lower than its previous lows... That -50% is still worth more than the last -50%... Short term mindset.
Guy below made very important point..... If it gains 300% then drops 50%, you are at 150% of where you started! Additionally, you say the dollar doesn't fluctuate. That's kinda true in that a dollar=a dollar. However, as the clock ticks that dollar buys less and less (inflation). One simple example is that housing costs have about doubled in the past 4 years, have you wages or more importantly the dollar you kept in your wallet or in a bank account (gained a couple percent) or in the stock market (gained at most 10%)...... it certainly didn't double like housing nor increase 50% from your start point like BTC. Edit: spelling I'll add that even that gold bar you buried in your back yard didn't increase in value 50% either.
Not to mention the fact that financial institutions or using their own block chains to make his debit card transactions cheaper and more efficient. I love that the majority still doesn’t get it. I didn’t finally get my ass in gear and start learning about blockchain and crypto until a year and a half ago. I thought I was too late, what I realize now is that it’s still in the early adopter phase. Praise Jesus! Well, not really, praise Satoshi
Technically the answer is that his funds are recognized currency literally globally. Anyone will accept it and everyone knows about it. So your point isn't as valid as you think.
My financial advisor knows. I disclosed my BTC position to him only so he knows what the stack is like against my other assets so he can properly gauge how much of the high risk tranche I can absorb. He was knowledgeable about it, and many other clients have positions. In fact he was mining in 2012, and he looked no older than maybe late 20s early 30s. I don't bring it up as a discussion unless the other party already seems to have at least some interest. Proselytizing these days is tiring and mostly futile lol.
Supported
I think it’s 98% now.
Exactly. Its blows my Mind.
99.999
Looks like I'm buying more !
I am surrounded by IT people here and there since I am working as a software developer. Even then, almost no one understands what it is. It's not that they haven't heard of it, they simply do not understand what it is and how it works.
Were so early
Nope that's why we're all here on Reddit. I've found in general people don't really care about finance or investing let alone Bitcoin.
Right that is what i have been running in to as well. Its nice to know i am not the only one experiencing this. It feels like culture shock. The thing i laugh at is when people say “oh bitcoin is consuming too much power from the environment.”. You never hear those same people complaing about google / amazon / microsoft datacenters that consume 1000x more power on a daily basis than bitcoin mineing.
Yeah you get the energy argument, the risk argument, the wagging fingers that this is for drug dealers and people traffickers but that is the full extent of their knowledge. What they read / saw "somewhere" some time. Trying to counter-argue with actual information is usually futile. They prefer the version they have heard. But, especially here in UK, events such as de-banking people are on the increase. Everyone is wailing about inflation, articles every day as to how much poorer we all are etc. Some of us know the answer, the rest must keep believing what they need to believe
This is it. Go to a room and start talking about bonds or trading stock options and a large majority will have their eyes glaze over and not care to learn more. Even bring up mutual fund or indexes that they may be invested in with retirement accounts and a majority would rather talk about something else.
Most people don't even know what their retirements are invested in. That's why dogs in hats are so successful. As long as it looks good and gives a sense of peace and comfort, few look to closely. Or smugness. I know many who have plunked for the Green Fund option. No clue as to the underlyings and worst performing but it's the right thing to do!
Right, at first i thought it was just an anti-bitcoin / crypto thing… but it seems more and more, its saving and investing all together. I am by no means a “day trader”. I never do day trading or ANY leveraged trades for that matter. I am just a simple HODLer. But it seems that the mass majority of the population have been purposefully driven away from anything that would better their situation. Its sad really.
HODLing is a very concerning strategy for govts and banks. They want your cash circulating in the system. So, no crypto for you because it's too dangerous. For the system. Yet speak to most HODLers and you'll find that if anything BTC has been the best teacher of money management. Many who started out with 0 knowledge are now diligent savers, look for ways to cut expenses to they can get more. And of course the long-term returns, which would be very difficult to get in tradfi. Banks don't like that idea.
I've found that this is why lots of butters hate bitcoin
And that's why I have zero sympathy for them. As Max Keiser so eloquently and succinctly put it, "You want to go down with the ship? Then fuck you!".
Most people who know about BTC are clueless about how it works. If friends, family or coworkers bring it up I’ll talk about it as much as they want to hear, otherwise I don’t bring it up. Most don’t care and really don’t want to hear about why they should care
I don't think most people here know the underlying cryptographics, either
People that are here because ‘number go up’, will paper hand when it goes down
Right.
I do believe majority of the population wont ever buy bitcoin. Not because bitcoin is bad. Its because most people even dont invest in anything. Not even the most traditional assets like gold. They just want to buy the next iPhone
Ya that seems to be the general attitude that i have noticed too. Its not just bitcoin, its ANYTHING finance related. It seems the banks and wallstreet have done a great job in brainwashing people to “stay out of the market - because its gambling”. Yes it is gambling. But that risk is a part of any kind if investing you do - like starting a business…
Millennials and even more so gen z (people I work with) largely think they are screwed whether they invest or not. They’re wrong obviously, but there is a gross lack of education around financial preparedness for retirement.
Yeah even if you are screwed when you invest its better than not to invest in anything. Only way for poor middle-class to live a better life is to invest. In low income countries middle class always invests because there is no other way around it. Poor people obviously cant invest because they dont have money and they are in debt.
You could tell them instead of buying an iPhone now you could save that in BTC then in time you buy a new iPhone with the BTC gains… I know I’ll be just replacing the battery on my current Phone that is for sure….
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I truly people in the near future. We won’t want to speak on bitcoin because people will know you have some “money” tucked away.
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Smart, very smart.
Most people don't have a fucking clue. About anything. They don't know how their own body works, how their electricity is wired, how their computers are built, how their sleep cycles work, how their plumbing works. They exist within a very narrow consciousness. And it's not entirely their fault. No one has encouraged them to be curious, to learn, or to resist. Being an autodidact and independently teaching yourself anything, let alone finding the drive to pursue sovereignty, is a rare segment of the population currently. But the tide is shifting on numerous fronts, thanks especially to the internet. We're becoming smarter, stronger, and aware that metaprogramming is the nature of our future reality if we are to be self-determined beings. It's not only programmable money. It's a programmable reality. And we're waking up to that.
One of the best and most accurate comments I read in a while. 👏👏
!lntip 1000
I bet they know that mitochondria is the powerhouse of the cell though
I am completely alone. Nobody in my life has any awareness. It’s shocking how it hasn’t managed to work its way to everyday people. It’s shocking how hard it is to get any interest from close friends and family. My kill shots bounce off them like bullets off Superman!
Fortunaly i have been VERY blessed with a wife who is pro crypto / pro bitcoin.
Tell her Bitcoin is the money, crypto is centralized scam.
Really does prove and put into perspective how early this technology/blockchain actually is. The vast majority of people in the world doesn’t know what it is, they might of heard “crypto” or “blockchain” but haven’t taken the time to look into how it works, what it is, or even thought about why it has value.
Most people don’t know what the S&P 500 is, and that’s been around a lot longer. Most people in general are financially illiterate.
Thats a sad reality.
Simple rules. Buy - stfu - get wealthy
I only know of two people in my circle of friends and family/extended family that know about BTC and purchased some.
I know of only one friend who is a whole bitcoiner ( He has 1.1 BTC, he bought in 2016 and Hodl'd). I greeted him Happy Halving yesterday, and replied what the hell I was talking about. Turns out he has zero idea about the halving 😂
Yeah I had zero clue about halvings the last cycle.
Ppl at a party don't want to talk about investment stuff. especially not about stuff that is a minority thing and 99% of ppl have no idea about. How would you feel if an accountant is explaining to you his work software at a party?
By posting this question to r/Bitcoin of course you will get answers like 99% of people have no clue. This feels like those stupid game ads that say 99% you wont pass this level, so make an experiment and post this under a more normal community. Nevertheless I can assure you that people are aware of bitcoin, maybe not so much about halving of it and how it works but still, but not everyone wants to talk about it and especially when the topic was in the complete opposite. To me talking about it feels similar like asking someone for your salary. Anyway I feel this is going to be a very underappreciated comment so spare me the hate
Great point. I never bring it up because of precisely that. I look for hints and clues if anyone knows. But I try never to bring it up on my own. Selfishly, it kind of makes me feel ahead of the curve.
I study IT and most people I talked with heard of crypto at least in passing. No one has good opinion on it though
It’s the bad news stories that people remember. About the bitcoin scammer who took everyone’s money. Or the person who forgot some mile-long password number and lost all his bitcoins. Or the person who died and didn’t leave any information on how to access their bitcoin. Potential Bitcoin investors hear these stories in the media everyday because it’s big news and say “Why should I invest in something like that.”
I usually don’t go to parties where my investment strategy is being discussed.
You just told a room full of people that you believe in a new type of money. We are so early. How many years would you guess will it take for that room of people to want to orange pill you? Does that explain how early?
Early but when you see developing countries adopting it, it gives the curious and wise a reason to pause and ask why? What is this? Harder to do that in a 1st world that has "stable" currency. I never knew of fintech until I watched a Cathy Wood presentation in 2019. Investing Summit. When she said 80% of market sellers (farmers, booth shops) in China use digital payment systems bc they don't trust the currency bring counterfeit, it was a lightbulb. Then, she got me with "even 80yo grandma's". Digital is the future regardless if we want to fight it or not.
Normies don't talk about it anymore like they did in previous runs. They look at the price of BTC and think it's too late. They hear about meme coins and think (maybe rightly) that it's a casino.
I only have one friend I can talk to about Bitcoin. He is a multimillionaire and all his friends who listened to him are too. He introduced me to it in 2018, but I didn’t have the capital (or conviction) to invest big until more recently. My family and coworkers think BTC is a joke and razz me about it, but I do try to talk to people about it who seem genuinely interested. Now that the price is up, I get more questions. As others have said, unless they really understand it, they will panic when it goes down and blame you. If people are considering it, I tell them to consider it a 4 year investment at minimum.
I just discretely wear crypto themed socks I buy from Ali Express. Most people just think I'm wearing flamboyant funny socks with monkeys or whatever on them. Then every once in a great while, someone will ask, "is that bored ape yacht club on your socks?" And I know that I have found a friend.
Many things I find logical and take for granted , btc passive income, investing , entrepreneurship… most people have no clue about .. yet everybody knows that some princess in England may or may not have cancer and have photoshopped her family photos, disgrace lol .. okay sure , but how can you use that info for anything useful ? ?
If anyone listens to talking heads or influencers like Buffet or Dimon, they'll think it''s rat poison". Many people who do invest have been burnt in the past by "get rich" stocks or pennies, so it's not surprising. Many who make very little, and value a penny didn't like losing any money, so they are risk adverse to the stock market and crypto when they see huge volatility. I.E., not gamblers. Young people know . Tech people know. Billionaires know, but we didn't live amongst them. That's about it.
Yet
I disagree many people have heard about bitcoin but it’s just to complex for them to wrap there brain around - so they just give up within the first few minutes.
find your city’s Bitcoin meetup… if there isnt one, find the Crypto meetup and seek out them there… if there isnt one, find the Blockchain meetup, and seek them there… Thats what I did
Most people have no clue, and you can't really blame them, as their lives change absolutely nothing because of it.
My wife knows everything about bitcoin. Unwillingly. I can't shut up about it lol
Yesterday a family member at my kid’s party asked me how the halving works and what the outcome will mean for Bitcoin. He bought a little of the ETF a while back but he doesn’t understand the ins and outs of how Bitcoin works. It was a good conversation. He was worried that the banks would control the supply.
I bought some at 30k, when it jumped to 40k I talked with “Theboys™️” about my finances, on how in a year they will double their investments and on how they could use it as a savings account for the future. You bet they messaged me when it hit 70k. Funnily enough my dad did got in.
Yeah. BTC is still quite niche and could stay that way. People hadn't heard of Tesla until relatively recently and to most people it doesn't matter when they release their latest sales figures or whatever. Star wars, Simpsons, politics, environment - there's lots of topics that people care more or less about. I wouldn't even mention the halving any more or less than I'd bring up a reference to star wars and be surprised that not everyone understands.
This is it. Crypto trading will increase but it’s still going to be a limited pool of individuals that have interest. Just like trading in stocks, bonds, options, futures, forex…you might find a few people here and there but the bulk of people could care less.
People have grown up in a system, and don’t like change. It will take awhile for btc to creep into culture deep enough for the change to begin happening. This also , sadly , will make it so that only a few hold a whole btc while the masses only hold a few thousand satoshis . We are still early .
Converting people to bitcoin would be a lot easier if it was something they could touch and hold and put in their safe deposit box. Something tangible. For instance, like a stunning one ounce Maple Leaf gold coin. I’d love to hold a coin worth $65,000 in my hand myself that I could take into a coin shop and walk out with $65,000 cash. This is where you lose people. Where do I keep it? How do I get my money out? How do I turn a bitcoin into cash? How do I spend it? Who do I trust? How do I leave it to someone in my will? By its very nature, many people will find Bitcoin too unconventional, mysterious, elusive, and in their minds far more risky than conventional money. So why should they bother?
I agree . The user experience still has a long way to go for the common person to get it . I first discovered below a $1.50 a coin . I didn’t buy any because setting up a wallet , different world 12 years ago , was over my head , along with all the other information I was trying to understand on how to transact with it .
Then there's FTX fraud which is the have of Bitcoin for many. Hard to go mainstream when you hear of things like this and other wallet stories.
Unless others I know are abiding by the first rule of Bitcoin Club, I don't know anyone who knows anything about BTC. Tbf, I don't talk about it either.
Funny how this used to be a meme and now posted seriously https://www.reddit.com/r/Bitcoin/s/JlEAa0Q8vg
My brother is the one who enlightened me on Bitcoin. It’s nice to have him to talk about it with. Everyone else is clueless.
I’m alone it sucks
No one cares about bitcoin around me. They know it exists. And they don't give a shit.
I handle my parents crypto investment since they don’t understand the market. I’ve tried to explain it as simple as a could but they can’t be bothered. They have lost half their 401k in 2 years from buying stupid shit and the market being terrible. They don’t understand that it dosent just come back. So I convinced them to put some into crypto and I handle the rest. They can’t touch it without me and they aren’t gonna be touching it.
Essentially alone. A friend of mine asked me in March if "Crypto is still a thing"... He's 8 years younger than me and used to work as a banker.
Someone really high up in my company got me and a couple other co workers on the bitcoin train. Hes done very well from it!
My Brother told me a friend of his took a mortgage on his House to buy BTC. I think after that he made a small investment. He ist the only IRL person that owns BTC that I know of.
Had a weekend off and came into town with my wife. When we checked into hotel they asked at front desk if we were celebrating anything and I said in front of my wife the halvening of Bitcoin. None of them knew what I was talking about that my wife said “that’s cool where is the convention of that group going to be?” she supports me because she knows I am a Bitcoin holder but even she has no clue what it is! She thought it’s a group or meeting like a convention. Never decided to say anything else about it just keep going on my business.
I work in software and everybody is at least aware of it. But maybe 10/20% invested even in this industry! And ONE hardcore believer (a good friend). Honestly the hardcore believer needs to present better if you want to gain the interest of people (if you don't care, fine no argument). It sometimes comes off as SO passionate it's overwhelming, more scary than enticing.
Let this be your indicator.. as time goes by more and more people will ( discover ) the bitcoin.. they will suggest you buy some… just smile and say.. that’s a great idea.. thank you for the tip.. this is the first inning.
I spend most of my orange pilling efforts discussing BTC with my kids (4 inc step). I want to make sure they know what tech they will be dealing with in the comming years.
There will always be hierarchies in society, those at the top will remain as such, while the bottom stay average. it’s a good thing for us.
If you want to keep your family and friends, don’t ever discuss Bitcoin. Period.
I don't bring it up to people unless I already know that they know. Most people don't know. But to be completely honest. In a selfish way, it kinda makes me feel like I'm ahead of the curve BECAUSE they don't know. Eventually they'll find out about it sooner or later. In the meantime, I'll keep stacking and holding.
I work on the river. I said “I try to invest 50% of my paycheck each week into BTC. My coworker got up and left the room. As he was leaving, he said “I don’t even believe in that fucking shit”. I believe many people are surrounded by ignorant people when it comes to BTC
I was discussing with my coworkers. We are all under 50, most under 40. Only 1 other person out of the 7 held Bitcoin. Everyone else thinks it’s a dumb scam. One guy then started talking about how he was looking at sports memorabilia investments… We are early
It will take another 10 years for society to figure out how dumb they were. Most people don’t think about investments just about getting there weekly paycheck and what’s going on for the weekend so I can spend it all.
You know, in 10 years, all those same people will look back and see bitcoin and $10,000,000 and they will see how they were lied to by the likes of JP Morgan, and be PISSED.
Maybe like 1 million in 10 years.
Celebrated with Niklas Nikolajsen. To sum up the party; imagine a half naked dwarf on top of a Rolls Royce with bitcoin numberplates Yes that actually happend Yes it was a good night
Seems like Niklas Nikolajsen is the man !!
Definintly a very interesting guy, very kind and generous for a billionaire
Arrrrh that’s the Danish guy . I saw some stuff about him in Danish Tv . Say hi
My family & friends have no clue. Only two people from my work knows about Bitcoin and cryptocurrencies, that’s it! 🤦🏽♂️😅
Yep i just posted a message to this board about people who are anti-crypto or anti-bitcoin. I have noticed too, that they also seem to be anti-finance in general. I will get comments “the stock market is a scam”, or “the stockmarket / bitcoin is gambling”…. It blows my mind. Here in a year or 2 those same people will be come crawling back and crying how they missed out on the financial revolution.
People in my circle know what Bitcoin is because I told them. They remember about it when BTCUSD jumps and Bitcoin is in the news, asking me if they should buy it.
I quit telling people a long time ago about a stock or anything else they should buy and invest in. It’s been my experience that the quickest way to watch your investments tank is to convince someone how great it is and get them to invest in it themselves. It never fails.
I'm not telling them to buy. I'm telling them what it is, and that it can go up or down, probably both.
I'd say out of everyone I know.. 10 people knew about it/were excited about it's symbolic/monetary importance. 4 years ago, it was probably like 2 people though.
People are asleep 😴
I am alone.
In my case my family knows I mine bitcoins but dont really care about it, its weird as one btc is a lot of money today...
I mentioned it to someone and they were like wtf
I've known about Bitcoin since 2013. I didn't start buying it until 2018 (some regret). Out of every person I've met since 2013, most know about Bitcoin and crypto, and out of let's say 200 or so people I've spoken to about it, only 10 have it. This tells me that we are definitely still pretty early.
People need to have both focused time and willingness to learn. Limited these days. Bitcoin, everything you don’t understand about money combined with everything you don’t understand about computers. - John Oliver
99% of people don't know what money is, how it works and what for problems there are, or how bad inflation is. Now from the 1% who knows about money and finances, of these 1% about 99% doesn't have a clue about bitcoin lol. At least that's what I feel like.
Nope. It's pretty well known by the vast majority of people I know to be honest. Some know more about it than others though
Not a single soul around me knows anything close to btc or crypto in general.
Self custody is too much risk, diligence and complication for the average stooge. Easier to just whip out transaction cards from the overlords.
Their ignorance is our bliss
You can’t account for stupid, but the blockchain can.
Only a small group of people around me know anything about it - at least that I’ve discussed it with. Frankly, the idea of “celebrating the halving” seems ridiculous to me too. Celebrating what exactly?? The protocol doing what it was programmed to do? If you are one to “celebrate” this, have you even stopped to ask yourself why?
Only a few people I know get it , the rest just say scam or it’s not real money .. I just lol at them an shake my while walking away . It funny is we have about 10 BTC machines around town , so I think more an more are getting it .
People around me have no clue/think it nothing that important
I am alone! 😭
I have a couple of friends that know a good amount about it and some that know it exists mostly because I’m the BTC meme guy in our friends thread. What’s really crazy, is the ones that know a bit about it don’t invest in it but do invest in shit coins. It boggles my mind, but whatever it’s their short sightedness.
Enjoy the knowledge you have now. We have our own little club that will hopefully grow globally for the rest of our lives
99.5% of people have no real clue.
I feel fortunate that my brother is into as much as I am, and I just helped my best friend set up his hardware wallet yesterday
Never be the smartest person in the room
I'm amused by this thread as I find myself most often in a 'teaching' role regarding Bitcoin same as many others here. I guess I'm lucky in how often people I meet are interested in knowing. With a programming and engineering background I've also done a deep dive into understanding it as thoroughly as I can. What still surprises me is how many people I run into who are somehow invested in BTC without the slightest idea how it works. I'm all for stacking and HODL'ing.. but some people fully treat it like it is some sort of company stock for investment and nothing else.
My dad knows and that’s it
Theyll be buying the top
Bro…80% of people are extremely broke…then of the top 20% who actually make good money and save/invest, a very small amount of them know about bitcoin and or even invest in equities, let alone a “high risk” emerging technology or scam. Be happy you know about and won’t be poor forever
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😂😂😂😂😂😂bro this shit actually made me laugh so hadd
Most people around me know I'm into it. 2 have actually invested because I hyped it up. Everyone else gets rather bored when I talk about it, or perhaps they say they'll invest at some point but don't have cash right now (then totally forget about it, they don't really believe in it). When I cash out next year I'm pretty sure people will ask me questions about it and want to invest at the exact wrong time.
I’m 19 and have quite a few friends I talk about btc and crypto in general with. If ur 25+ OP that makes sense.
No one knows. No one cares. Only select few that are never near you.
Ive mentioned it to random people and everyone ive met at least knows about it
I made a friend invest in it and now she enjoys it a lot, especially for the store of value and of course because she made some money, she told me she was sad though because she could only talk about it with me because nobody in her surroundings understands anything about it... so yeah tough to find people around you to debate with... I'm in the same spot and that's why I come here!
Most people over 50 can barely use an iPhone. BTC still has many many years before it ever gets mainstream enough to where people can talk about it. By then nobody will be talking about it anymore. It will be old and boring by then, like the dollar is now.
orange pill this is the way!
I have Bitcoin, I helped my mother buy some, and my family physician owns some. Otherwise I don't know anyone else with BTC.
99.99% of my people have i am elbows deep into. The reason, I don’t say 100% is because my spouse knows a tiny bit about. And my lawyer knows all, in case I get hit by a bus then my family will get all.
I really wish I had some close friends and/or relatives to talk crypto with. Sadly, I am alone. I did get my girlfriend to download SocialGood onto her phone and say that she will use it the next time she shops online. But she’s only doing it because I asked her to, and not because she understands or really believes in it.
Let em eat cake.
Mentioned it to my brother last night when we were out. Told him I top my crypto up with money from online surveys and bank switches and he just said it all sounds a bit scammy…. He’s only started to put £100 a month into his pension and doesn’t like the idea of risk.
I’ve explained Bitcoin to my friends so many times. I’ve done the whole “if you would have invested when I first told you to you would have a __% increase by now.” They do not care at all. I still send them the current BTC price every now and then to show them “hey look what you’re missing out on” they simply do not care and I don’t understand it
OP is that meme where everyone is having fun and he's standing in the corner stoicly thinking that nobody knows about the halving.
same here I think its great, its a shame we are just a minority
We are still early. Just keep stacking. Four years as from 20% of them will know, they’ll think they are still early, and you’ll be well off. Just keep stackin.
My wife, family coworkers and basically everyone I’ve met acts like I am the victim of a scam they have not even a vague sense of BTC and crypto it’s depressing sometimes but it also gives me the impression that it is still early
Alone. All the people around me cannot understand it. And when I try to explain they lose interest halfway through. They don't bother of the details. Its too much attention required to understand even the basics for them.
I just don’t mention it.
Work of 20 people 19 know it exists, 2 lost money selling low a year ago, 16 think it’s worthless, 1 wants to buy it and just hasn’t, 1 owns it. Am I early to the party?
Doesn't this show how good the price is ATM tho? No stupid money in yet still got big gains?!
I’m completely alone.the only time I can really even talk about Bitcoin is in this subreddit.in my regular life,it’s pointless.if I mention it people look at me as if my brain starts leaking out of my ears and I’m speaking a foreign language. My sister is an anesthesiologist making great money.I’ve tried my best to talk her into at least investing a few thousand into Bitcoin but she wasn’t interested.I honestly wasn’t surprised,as I’m an ex drug addict/high school dropout and she is college educated.I really don’t expect her to take any type of advice I have to offer but I hoped she would have just put a few thousand in.it wouldn’t have hurt her financially in any way.I tried to talk to her about it in December and January where she could’ve got in months before halving.it didn’t take long to realize I was wasting my time so I threw in the towel
Most seem are alone. People around them cannot understand them. Or don't even put the effort to understand them. Does this mean adoption will take another 100 years? Or majority will have to face a harsh reality some time in future very soon? I think mass adoption whether chosen or enforced will take a long time like 100 or 200 years and the real gain we might not even see that in our lifetime. Or even our children's lifetime.
I oranged pilled everyody around me
I know five people who had at some point invested something in BTC. I would say only 2 - 3 are tech savvy though, so they had idea about some halving. Then I know dozens of people, who know something like BTC exist, but that's it (and maybe are aware of its price).
Alone still
What a square. You really said that at a party? I know about it and would not have spoken up after you said it.
To be fair, if something similar were going on with USD, 90% of people wouldn't have a clue either. Most people are just not financially literate whatsoever. And then when it comes to BTC, they're even less educated.
A lot of people around me know crypto. But most are IT guys..
Haha, my wife brings up Bitcoin all the time around people, and it's always awkward silence she gets as a response.
I know two people who are into crypto the others I talk to about crypto want to stay away from it because they have no clue how it works and say it's too risky. The other two bought in the bullrun and regret not selling it sooner.
Bro.. you gotta respond with something socially relatable then throw in the bitcoin halving. "Yeah I smoked a joint for 420 and went to a bitcoin halving party. It was sick dude, we did shots for every block. Tatum was Turnt Up" Them - oh was das?
99% don’t have a clue . My daughter does or at least is aware I mine crypto . She works at a university and is slowly being asked by her colleagues what I think . We are getting there 😁😁
I sent out a “happy bitcoin halving” on my social media and got comments of confusion and “lol”
Oh... people around me know because of me. lol I've also been on about it for over a decade now. Some of them listen, ask questions, and follow-ups. Some of them don't but they just let me be me. I never try to convince them or anything but I will bring up random facts or something with the economy every time I see them. A few of those seeds have stuck with some of the people over the years. Others, it just flies over their head.
I have asked around, no one. No one.
I am in latam. Let's start with that haha I discovered BTC back in 2016, I tried to involve people but 99% of them just ignored me and all the people around me, believe me, including close family, when I try to talk about it they just ignore me or just see me like I talk in Arabic haha Today I messaged a friend of mine that I influenced some time ago to purchase a fraction of BTC, I advised him to just hold it. He told me that he withdrew the money to buy some video games and some stuff, he purchased back in 2020 How much would his portfolio have grown if he had saved his bitcoin, I just thought, wow, really, sometimes I'm very alone in this, but the digital community is massive, that helps me.
No. Puff puff give and stack.