Most NoCoiners Simply Don’t Understand Bitcoin, Finds Block Study
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Most NoCoiners Simply Don’t Understand Bitcoin, Finds Block Study
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Looking at what’s going on in the crypto space, I’d say the same about 90% of coiners too.
most flat-earthers don’t fly
tldr; Jack Dorsey’s financial company Block has unveiled a survey from January examining the top reasons that people don’t buy Bitcoin. The top reason, cited by 51% of respondents, was that they simply don’t understand it well enough. Other common reasons for avoiding Bitcoin included cybersecurity risks and price volatility.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
In all fairness, they probably do not understand most investment vehicles. I’m surprised “I don’tunderstand it” responses are not higher than 50% of responses.
For example, ask a nocoiner if they understand an ETF, REIT, or a mutual fund?
Thats why I educate people when they ask instead of treating them like they are stupid. I have had many friends and family members come over for dinner to have me teach them about bitcoin
It takes time. I urge most people to keep reading until they understand and not give up.
Some of them will never understand
I know them, I short them.
Many people do not understand Bitcoin and will never understand it. There are a lot of people who don’t understand among my friends.
They really don’t have to get it. There will be a point where Bitcoin adoption is so widespread that people will just use it without question.
Most people simply don’t understand Bitcoin
I own 0.099 bitcoin and I have to say I should have a better understanding of it.
Most people don’t even know what money is
It is fantastic! Bitcoin determines stupid people so simple! I would never believe that there are so many so stupid people in the world! It really becomes scary to see it, to aware it.