People Are Just Too Stupid to Use Bitcoin Right Now - page 18.

BitHodler

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Quote from: randy8777 on April 11, 2016, 05:49:13 AM

i kinda agree with this. if you ask people; what exactly is bitcoin? some of them answer with; i bought it because it will grow in the future and i will make a lot profit. if you ask them the same question again, but then more serious, they will admit that they don't know what it is. there are plenty of easy to understand 'how bitcoin works' and 'what is bitcoin' videos on youtube. just a simple search will be enough to find them.

People are too lazy to search for information about how Bitcoin works.

They just know enough to farm faucets and cash it all out to fiat, and that's enough for them.

If they at some point get seriously interested in Bitcoin, then they most likely will start to search for information.

bargainbin

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Quote from: pereira4 on April 11, 2016, 07:09:36 AM

...
Wrong, by this logic it would mean that gold should be dead because no one uses gold as a currency, only as an investment, and the other use cases are anecdotal, most of the gold is keep hoarded as a safe haven to hedge against a collapsing fiat economy. In this sense, Bitcoin can reach trillion of dollars of marketcap by this usage alone. Of course, if it's used in everyday transactions, that's cool too.

Stop comparing Bitcoin to gold. Gold has thousands & thousands years of history on Bitcoin, that's some first-mover advantage. And gold supply is not randomly and artificially limited, as is the case with Bitcoin.
A far better analogy (both in essence and timeframe) is BTCeanie BTCabies: deliberately limited supply, impractical to use as money, were hoarded because "will maek me milionair!!!"

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Quote from: armansolis593 on April 11, 2016, 05:48:05 AM

Quote from: ABCbits on April 11, 2016, 05:42:48 AM

Quote from: Hashminers on April 11, 2016, 04:35:32 AM

Yeah I also suggest that you do not use your bitcoin right now. Try to save them so you can sell them at a profit. Why people use their bitcoins to buy some stuff is something I cannot understand.

You can't understand because you use bitcoin as investment, not as currency.
This is reason why bitcoin can't grow at all.

Bitcoin will only grow if we use it as a currency and not just a money for investment,we can help bitcoin grow more if we rotate it more in the market and not just in trading.

Wrong, by this logic it would mean that gold should be dead because no one uses gold as a currency, only as an investment, and the other use cases are anecdotal, most of the gold is keep hoarded as a safe haven to hedge against a collapsing fiat economy. In this sense, Bitcoin can reach trillion of dollars of marketcap by this usage alone. Of course, if it's used in everyday transactions, that's cool too.

bargainbin

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Quote from: Wapinter on April 11, 2016, 06:00:44 AM

Quote from: Lauda on April 10, 2016, 02:21:01 AM

...
Well, among other things, yes. Additionally, what I find weird is when people ask me how Bitcoin works exactly (in-depth) when they don't even understand how the monetary system that they're using works at all.

They dont need to understand how the existing monetary system works because they have inherited it and learnt throughout their growing years. ...

+1.
I don't understand how my liver works either, just know that it does. And yet if Anon came up to me wanting to replace my legacy liver with a disruptive one he cooked up in his basement, which is to say a far superior liver, liver of the future, I'd want to figure out how it works before saying yes.

bitbunnny

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To use or not to use Bitcon is not a question of "stupidity" but some peole are very cautious and some are not well informed. Some are not very good with investing or other business options so you can't blame them. More education, more simple and acceptable information about good (and bad) sides of Bitcoin and other cryptocurrencies could help it.

Cendassi

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It is not that bad to us Bitcoin now around this time, you have only to choose the right moment to sell your but that is the hardest thing to know when you are want to sell your coins, it is hard to make that choice.
There are a lot of people that has made an investment in Bitcoin but they are waiting a long time to get some good profit with Bitcoin so please wait a bit longer.

Wapinter

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Quote from: Lauda on April 10, 2016, 02:21:01 AM

Quote from: FUBAR-BDHR on April 10, 2016, 02:14:37 AM

It's not just that people just don't like change (unless it's the coin kind).

Quote from: smashbtc on April 10, 2016, 12:17:37 AM

“Society’s understanding of where money comes from is the real challenge.

Well, among other things, yes. Additionally, what I find weird is when people ask me how Bitcoin works exactly (in-depth) when they don't even understand how the monetary system that they're using works at all.

They dont need to understand how the existing monetary system works because they have inherited it and learnt throughout their growing years.When I first heard about internet,I had lots of questions and confusion because it was a completely new thing to me and had to do lots of reading and research.Now my 12 years old nephew knows all about it without any trouble that I went through to understand it

randy8777

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i kinda agree with this. if you ask people; what exactly is bitcoin? some of them answer with; i bought it because it will grow in the future and i will make a lot profit. if you ask them the same question again, but then more serious, they will admit that they don't know what it is. there are plenty of easy to understand 'how bitcoin works' and 'what is bitcoin' videos on youtube. just a simple search will be enough to find them.

ABCbits

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Quote from: Hashminers on April 11, 2016, 04:35:32 AM

Yeah I also suggest that you do not use your bitcoin right now. Try to save them so you can sell them at a profit. Why people use their bitcoins to buy some stuff is something I cannot understand.

You can't understand because you use bitcoin as investment, not as currency.
This is reason why bitcoin can't grow at all.

armansolis593

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Quote from: ABCbits on April 11, 2016, 05:42:48 AM

Quote from: Hashminers on April 11, 2016, 04:35:32 AM

Yeah I also suggest that you do not use your bitcoin right now. Try to save them so you can sell them at a profit. Why people use their bitcoins to buy some stuff is something I cannot understand.

You can't understand because you use bitcoin as investment, not as currency.
This is reason why bitcoin can't grow at all.

Bitcoin will only grow if we use it as a currency and not just a money for investment,we can help bitcoin grow more if we rotate it more in the market and not just in trading.

btcltccoins

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Its just your own opinion, everyone has his own mind to use bitcoin, just like me, now i m using bitcoins and it is profitable for me, i have used bitcoins in different types of online working, i also invest it and i also hold my bitcoins for halving, and i m sure i will be get profit from bitcoins, so how i m stupid.?

Hashminers

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Yeah I also suggest that you do not use your bitcoin right now. Try to save them so you can sell them at a profit. Why people use their bitcoins to buy some stuff is something I cannot understand.

figmentofmyass

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Quote from: xuan87 on April 10, 2016, 06:38:35 PM

Its not that they are too stupid, but their knowledge about bitcoin is too little,

i am quite sure in some (probably most) cases, it's that they are too stupid. this is how things work. most people are stupid and buy into [stocks, technology, etc] long after its largest gains have already been made. even so, we don't need most people to use bitcoin for it to succeed.

Wendigo

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People are accustomed to things they have been doing for a long time. Bitcoin is no exception here as many don't believe in its usefulness in doing online business with digital money and still prefer to use their bank accounts and credit cards because they are afraid to try new things and change their methods. I think calling the Bitcoin pioneers stupid is a little bit too much though. Yeah the value of Bitcoin could change overnight but it is not the end of the world if one has 100$ in coins just for fun right? It's like going to the bar on two Fridays. I mean come on Grin

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Quote from: xuan87 on April 10, 2016, 06:38:35 PM

Its not that they are too stupid, but their knowledge about bitcoin is too little, and then some people are afraid to try new things, so its a common thing they reject to used bitcoin,old people prefer gold or fiat, something they can touch

Not everyone has a good use for bitcoin. Not everyone does online transactions, not everyone cares about privacy and security and most importantly not everyone cares about disruptive innovation. Many people would rather use their bank's services out of the convenience of not having to seek for alternatives.

xuan87

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Its not that they are too stupid, but their knowledge about bitcoin is too little, and then some people are afraid to try new things, so its a common thing they reject to used bitcoin,old people prefer gold or fiat, something they can touch

dollarneed

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Quote from: Bestwishes745 on April 10, 2016, 05:11:55 PM

Dear! Bitcoin is much interesting and attractive currency, anyone will redaily adopt it when they know about its earning, usage and features. The only thing we need is to spread the news of bitcoin to all those who are unaware with it.

i was using paypal for paying things online, everything i paid on internet i used paypal then some of my friends recommended me to try bitcoin, and i was suprising it's very cheap, simple, you don't need to verivicate your account,of course no one can't limit or froze your money,withdrawable to fiat 24 hours/ 7 days ,so right now i only use bitcoin, never using other payment processor aymore
the point is when peoples get in to the bitcoin for the first time, they will not move on from it

Bestwishes745

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Quote from: RoommateAgreement on April 10, 2016, 12:08:51 PM

Quote from: noormcs5 on April 10, 2016, 12:01:30 PM

Quote from: btccashacc on April 10, 2016, 07:05:41 AM

Quote from: Raimonn on April 10, 2016, 06:53:44 AM

All the people aren't too stupid, you made it too generic. Some need more information about what is and how could change its monetary system. Others never heard anything about bitcoin. And some could be stupid or wrong and don't want to use it.

it could be means the majority of the bitcoiner are smart and lucky,coz they already knew it and using it right now, isn't it? i personally agree with you that many peoples out there never heard anything about bitcoin, due to lack of promotion and adoption or something else

Those who know bitcoins will never leave them as they know the benefits of it.

i agree but the problem is that it doesn't matter if we who love bitcoin never leave it, because even if we all stay and continue using bitcoin and it doesn't reach the mass adoption we will never see the true usage of bitcoin and the high prices.

Dear! Bitcoin is much interesting and attractive currency, anyone will redaily adopt it when they know about its earning, usage and features. The only thing we need is to spread the news of bitcoin to all those who are unaware with it.

plost24

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i think is something great to use bitcoin for me bitcoin open for me the door for shopping online and it help me learn how to trade to gain skills i will do anything and i don't think the one who use bitcoin is stupid just make a close look to the price of btc and you will know the succes of it.

terman45x

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Quote from: The Sceptical Chymist on April 10, 2016, 02:33:29 PM

Quote from: erikalui on April 10, 2016, 10:01:47 AM

Quote from: The Sceptical Chymist on April 10, 2016, 05:50:46 AM

Quote from: erikalui on April 10, 2016, 04:23:00 AM

I agree here as many don't take Bitcoins as a way to not pay taxes and its decentralization and ability to own the private keys of a wallet don't go well with the mass. They still prefer PayPal/Cards over Bitcoins as many websites/brands only make use of these payment methods. Also, there are way too many negatives written by media about bitcoins that people fear that it can be illegal to use this currency which is a untrue. It's just that crypto currency is not a convenient payment method for many and it's not easy to buy bitcoins online as well.

If I'm the average Joe on the street and my paycheck is in dollars and things are priced in dollars, why go out of my way to buy bitcoin just to spend it on things that I could just as easily buy with dollars?

It's not that people are too stupid. Not by a long shot.

If salaried people are given the option to choose bitcoins as a part-payment option (just like I get the option of choosing Sodexo coupons as it's tax free), people would choose bitcoins in that case like people in my office do. It's not about being stupid here but it's that people who might be interested in investments as well don't find it easy to buy bitcoins and others just don't care.

Your situation sounds rare. Most people don't get paid in bitcoin and I'm not sure most people would choose to. The value of your paycheck could drop 20% overnight.

Yeah totally depends on the value of bitcoin if price is high you earn more and if price drops then only god can help you to survive.

Topic: People Are Just Too Stupid to Use Bitcoin Right Now - page 18. (Read 13463 times)