The reason why people do not get Bitcoin. - page 32.

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Quote from: slapper on January 14, 2017, 05:22:06 AM

People should learn more about Bitcoin since it is a new kind of technologies which can bring hope and advantage to all of us. However, I think this process will take at least a century.

It doesn't matter how long it takes before people understand Bitcoin properly. Why?

These are very common reasons I hear from people around me;

# It's a ponzi scheme. (No matter how much explaining I do, they don't change from the way they see Bitcoin)
# Volatility. (I can agree that this may play a role of importance, sure)
# Bitcoin as currency? Why would I buy Bitcoin to pay for things, while I can pay for everything right now already? (Once again I can't blame them)
# Who is in control of Bitcoin to see if everything goes according the rules? (They fail to understand that there isn't a central authority needed)

The only thing they see as being interesting, is that when the price will fall back to $100-$200 that they will jump in, and sell at a massive profit as soon as the price increased again. If you tell them that it's highly unlikely that Bitcoin will go back to such levels due to the growth and demand, they just turn their face like you're talking bs. I even adviced certain people close to me to invest while the price was sitting below $500 not that long ago. But still, they wanted to wait for the $100-$200... Ignorance from the highest levels.

emezh10

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Quote from: Babayega31 on January 15, 2017, 06:42:53 AM

Quote from: topesis on January 14, 2017, 09:55:29 PM

I think the reason for misconception or abstract understanding of BTC is because of the way our mind understand money, some people can differentiate the difference between money and currency. Most people thought money is the same with currency which is not.

People doesn't get bitcoin by these reasons like they are not getting used to it and they only knew one type of currency which is we are mainly using, a fiat currency money. There is no proper information feed to them and some believed that we are only talking a myth here, and they don't vision out bitcoin can turn to reality in their lives and can be profitable extra income for them.

In our country people don't use bitcoins because of the security. Lot of cases here are goes boom because their wallet are getting hacked. If bitcoin have a better security like paypal I think lot of people will use bitcoin. The only people uses bitcoin are the earners and the investors but using bitcoin as a bank is not advisable. I think blockchain and other wallets need to add more security features. For bitcoin became more useful to people here in our country and other countries too.

Babayega31

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Quote from: topesis on January 14, 2017, 09:55:29 PM

I think the reason for misconception or abstract understanding of BTC is because of the way our mind understand money, some people can differentiate the difference between money and currency. Most people thought money is the same with currency which is not.

People doesn't get bitcoin by these reasons like they are not getting used to it and they only knew one type of currency which is we are mainly using, a fiat currency money. There is no proper information feed to them and some believed that we are only talking a myth here, and they don't vision out bitcoin can turn to reality in their lives and can be profitable extra income for them.

Xester

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One of the biggest reason why many people are not using bitcoins is that they are not knowledgeable how to use computers and internets especially people from the outskirts in the third world country whose concern is to at least once a day. To some people who are also well versed in computer but do not engage in bitcoin its simply because bitcoin investment is not that simple you need to be really skilled to earn in trading and earn in any investments. For them traditional business is more profitable and so they stick to it.

target

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I tried sharing bitcoin to an old friend from high school and surprise that he already learned it from someone else. He don't own one but yes he already know about BTC, he isn't just aware that its being used today by lots of people. He only knew it exist because it was highlighted when it hit the news on 2009, he even though it wasn't successful due to the speculations of the critics.

Media can really make things unsuccessful when backed by people who wants it not to be.

topesis

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I think the reason for misconception or abstract understanding of BTC is because of the way our mind understand money, some people can differentiate the difference between money and currency. Most people thought money is the same with currency which is not.

electronicash

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maybe compile the list of movies that mentioned bitcoins or perhaps edit to that part and post it on youtube.
if the rest of the world know about bitxoin thru these movies, i guess we're going to see its rise to 1K again.

Wind_FURY

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Quote from: bravehearth0319 on January 14, 2017, 01:13:41 AM

It is because they are not open minded in this opportunity, if that applies to their mind it will never be understandable ever to get what bitcoin is really all about. which means they are totally blinded on the unique system it has.

Oh like you really "get it". Who are you, or we for that matter to say that "they" do not really get it? Be honest, you are here only to hold Bitcoin because you think you can sell it for more fiat. Is that how you "get it"? If you really got it you would be here for the science not the profit. So please enough talking like that and get off your high horse.

LeGaulois

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People won't mass adopt Bitcoin as long there is a high volatility

abel1337

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I think people are lazy that they can get aint bitcoin. Some of people too doesnt have the knowledge in earning bitcoin. They just didnt know the way on earning some of it. Some too just hate bitcoin that in the way they dont want to see it they are just haters of bitcoin.

xuan87

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The reason why people don't get bitcoin is because some of them already block themselves from bitcoin because the media keep on posting the bad news and some of them even label the bitcoin as criminal coin, so bitcoin need to be introduced properly and we need to balance the news, we need the media to posting the positive side of bitcoin

maku

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I pondered about this problem a little and I concluded that we are early adopters, technology enthusiasts and visionaries. Mass adoption will come later.
It was the same as with other groundbreaking inventions. For example: Laser was invented in 1960 it took years for it to be used as something people would use in their daily lives.
Unfortunately with bitcoin it will be the same story, years will pass until it will be regarded as real fiat alternative.

marcoman22

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Most people dont know about bitcoins and some people even if they know about it, they feel insecure to use it and they just stay away from it, satisfied with their fiat currency.The price volatility of bitcoin also make them feel insecure about bitcoins.They cannot use bitcoins for their day to day needs whereas their paper currency is accepted by all shops nearby.

slapper

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Quote from: vrm86 on January 14, 2017, 04:15:38 AM

Some possible reasons:
- People do not even heard about Bitcoin
- they do not treat BTC seriously
- they do not see any reason to being involved in BTC
- they associate BTC with criminal activities and/or gambling only
- they could be discouraged by price volatility
- technical background can be discouraging as well

I agree with those reasons. They probably the main reasons causing all those troubles. People should learn more about Bitcoin since it is a new kind of technologies which can bring hope and advantage to all of us. However, I think this process will take at least a century.

bitjoin

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Why people dont get BTC? guys come on people in general dont get the concept of money of any kind. Examples... generally people dont understand fiat is just made up paper value or that gold is a form of money. Whatever the gov says is money the public currently follow.

numismatist

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Quote from: jossiel on January 14, 2017, 04:24:00 AM

Quote from: vrm86 on January 14, 2017, 04:15:38 AM

Some possible reasons:
- People do not even heard about Bitcoin
- they do not treat BTC seriously
- they do not see any reason to being involved in BTC
- they associate BTC with criminal activities and/or gambling only
- they could be discouraged by price volatility
- technical background can be discouraging as well

All of the points that you have mentioned are really possible reason why people don't have and doesn't want to have bitcoin.

I want to add also that there are places that aren't modernized and not updated with current trends with technology.

So that can be another factor why people don't get bitcoin.

"not even heard about Bitcoin" sounds like nonsense. Safe bet they do know, but the discouraging news keep them at distance, keeping them safe.

jossiel

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Quote from: vrm86 on January 14, 2017, 04:15:38 AM

Some possible reasons:
- People do not even heard about Bitcoin
- they do not treat BTC seriously
- they do not see any reason to being involved in BTC
- they associate BTC with criminal activities and/or gambling only
- they could be discouraged by price volatility
- technical background can be discouraging as well

All of the points that you have mentioned are really possible reason why people don't have and doesn't want to have bitcoin.

I want to add also that there are places that aren't modernized and not updated with current trends with technology.

So that can be another factor why people don't get bitcoin.

vrm86

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Some possible reasons:
- People do not even heard about Bitcoin
- they do not treat BTC seriously
- they do not see any reason to being involved in BTC
- they associate BTC with criminal activities and/or gambling only
- they could be discouraged by price volatility
- technical background can be discouraging as well

molsewid

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The first reason i see about people don't have interest to use bitcoin is they think that they gonna waste their money into bitcoin currency. They think that this currency is a full of BS Second they don't know how to use it in proper way people know only bank and they don't know other currency they using bank even they investing.

Kevin77

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The possible reason people don’t get bitcoin is because some of them don’t know what bitcoin is, in many places where internet is limited knowing hence bitcoin is a difficult thing to get familial with.

Others even if they know what bitcoin is they don’t bother using it because it is still not that popular and not being used in everyday life needs.

Finally there are people who finds too many difficulties in finding bitcoin seller nor any compatible services with respect to their available payment options and their country regulations.

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