Topic: [Article] 10 Reasons Why Cryptocurrency Isn't Mainstream Yet - page 2. (Read 298 times)

I don’t think its difficulties spending because it’s easy to spend. Bitcoin user knows where to spend and it’s not poor understanding it’s up to you how you understand. In the matter of volatility is completely wrong people trust this system. It’s true that in some country there are some restrictions but most of the country using this currency. Based on 10 major problems there is something right or wrong because everything has pros and cons.

I totally agree with you . You have pointed out the reasons so beautifully that you really deserve a thumbs up. What I can add to it is I think another reason of its being not so popular is that it is banned in many countries and its advertisement are too banned in many socia sites making it unpopular to the mass.

I think the countries are being responsible for this because many countries have banned the advertisements of crypto currencies. People are more interested about online shopping, online gaming and other online stuffs. So, if they the online orgazations start trasacting with bitcoin, they will get more customers from the other countries more as transation will become very easy to do and people wil also get to know about bitcoin.

I see 5 main reasons that block options for cryptos: they are volatile, they are complicated, there are too many of them, there are not many real life applications except trading, bad reputation (darknet, landering, etx.). They have to prove to be stable and useful first

How is it not easily accessible? Signing up for an exchange is ridiculously simple, and they walk you through the entire process of buying, and even keeping, coins. They're typically very user friendly too, so complete newbies will at least be able to send/receive coins with little problems. I know people shouldn't be relying too much on exchanges, but they serve as a perfect gateway in my opinion.

That being said, pretty much everything the OP mentioned could very well be a factor. If the problem was so simple that we could easily point it out, people would have already come up with a good solution.

I agree with some of the reasons but not all of them like difficulties in spending you could easily use a bitcoin debit card.  These two reason learning curve and poorly understood should be together it looks unnecessary to see them listed as different reasons.Imo cryptocurrencies still needs time before it becomes mainstream.

This is not true there's more countries that accept Bitcoin than countries that banned Bitcoin.


It depends on which crypto you're investing on because not all crypto are volatile.

Bitcoin as well as other cryptocurrencies are widely spread and accepted by people. depends on consumers who decide it.

One more thing.
Cryptocurrency is less safety compared to any other invesments.
That's why people not brave enough to invest some of their money to crypto.
While the people who already involved, get much profits.

Crypto hasn't gone mainstream yet simply because most governments don't allow it. Most of your points are valid but not major. These are just some of the difficulties crypto users need to deal with. But when it comes to mainstreaming, these reasons have very little influence (except #4).

i think one of the biggest reason why still most of the people is still not interested in bitcoin because its unregulated, people wants assurances before they engage to it, so hearing bitcoin is not regulated by someone they lose interest of it and thats why they need to understand fully how the bitcoin works and why

In recent times bitcoins popularity increasing but it not reach top of the mark. There are many people who wants to decrease bitcoin popularity. It is a problem but it has the ability to overcome this problem.

you are just repeating yourself to increase the number of reasons! most of these "reasons" are basically the same for example you say "bitconnect" which falls under illegal activity an it is not even big enough to be its own reason. you may have said Mt Gox here which was a much better reason on its own but it is old now.

in my opinion the only reason why it is not yet adopted on massive scale is the fact that there is a lot of attacks against bitcoin in the media. this is starting to change, ever since last year Japan adopted bitcoin openly but it will take time. the rest are all too small a reason to be effective.

According to me, I guess the reason behind crypto not being a mainstream still now is that it is still illegal in many countries.  Moreover there is always flactuations in this market which might also be a reason.

Yes it has not been the mainstream currency yet but this is not definite that it will not be in future. Bitcoin as well as other cryptocurrencies are widely spread and accepted by people. And it already has been approved as payment method in my platform. So I believe it will be mainstream currency very soon. BTCBTC

you got some reasons right, along with bitconnect you could name some others like mt gox. But all in all, it's only natural the industry has some pitfalls holding them back, but that all will be overcome.

Digital currency is replacing fiat currency but the speed is slow.  The reasons being illiteracy; poverty etc in many countries.  We can not expect that an illiterate man can use crypto currency because he does not know how to operate internet on the mobile.
Due to poverty even large population is not having smart phones so impossible for them presently. 
But I am sure with the passage of time ;revolution is taking place; slowly the fiat currency is being replaced by crypto.

A good summation of the main points. Some of them such as regulations are getting there and when they do a lot of the others will cease to be problems soon after.

Very rich people are also at very great risk, like us all. Here s an example, if suddenly somewhere in the Arab Emirates decided to buy a long-line like many people do, but in a very large volume bitcoin. In this situation, large investors need to jump out of the window, the reasons for it are understandable

the real question is to first define mainstream

some define mainstream as able to buy toilet roll and a pack of bacon from any 7-11, by spending crypto (retail mainstream)
some define mainstream as being traded on the NYSE (professional investment mainstream)
some define mainstream as being being able to bye crypto from many places to hold (amateur investment mainstram)

i would say lack of regulations are preventing professional investment. but when you get into the details. its BUSINESSES handling fiat that get regulated and they can apply any time they like and then handle crypto as part of that business.

but for everything else regulations for crypto are not needed, nor should they be promoted to be required. this is because getting businesses to snoop on the businesses own customers(regulations) is just adding admin onto the business, costs and also not helping the customer. just to get a "certification" that doesnt mean anything. apart from getting to say "we are professionals"

what would be something worth promoting is consumer protection. where authorities are not just handing out certificates(licences) but actually policing the businesses to ensure they do no harm to the customers. that way businesses act morally and ethically and customers will then be more willing to use them

regulations push average joe away due to headaches of applications forms and submitting life stories... consumer protection welcome more people due to being more relaxed that te business cant just run off. or is already hiding on a secret island

i find it real strange how so many people think letting a business that handles our funds should have the right to hide its identity. but require every customer who gives a business money has to identify themselves.. that is a silly reverse reason for anonimty.
businesses should identify themselves and allow the customers to not have to be scammed, stolen from and identified

I do think these 2 reasons are the main thing people started to know more about bitcoin and also the reasons there are so many negative news shrouding bitcoin. Bitconnect might be the biggest ponzi coin scheme yet but the downfall of it make more people started to search about cryptocurrencies because it makes people more cautious about what investment is that all about.

Media influence on the other hand is the most corcening parts and i'm sure media has been the biggest free advertisement campaign for bitcoin although most recent news about it was negative news and comment. However it raise people awareness about cryptocurrency and i think media has done his job well until now