Topic: What will keep people from getting into cryptocurrency? - page 6. (Read 3512 times)
maybe a weak economic factor that makes people afraid to plunge into the crypto world because of the high risk potential, especially the level of knowledge is very low, from that we can know why people are afraid of going into cryptocorency
I thought about the unpredictability of bitcoin and its current status and it made me realized that this might drive people away from getting into cryptocurrency. What do you think are the other reasons that will keep people from using bitcoin?
a very dominant factor is probably the place where we live, if in a country that supports crypto it is most likely that the community is very interested in using bitcoin and participating in the sale of bitcoin, but it is difficult if we live in a country that rejects bitcoin, the community is less interested in Infestation in bitcoin, another factor might be for business people between countries who have a need for fast, secure and non-convoluted payment devices they might be able to switch to using bitcoin as a means of payment. 
I thought about the unpredictability of bitcoin and its current status and it made me realized that this might drive people away from getting into cryptocurrency. What do you think are the other reasons that will keep people from using bitcoin?
There are 2 factors, for me, that affects the people's decision into using bitcoins: the slow transfer rate and the hella expensive transaction fee per transfer of bitcoins. It'll definitely keep people from using and transacting with bitcoins due to these limitations. I hope somehow experts find a way to alleviate the problem present.
For me it's just like money and it's also act as investment so it's different with other currency that I've ever known
When most people decide to keep use bitcoin because they have fully understand that cryptocurrency was being build for digital era especially for transaction purpose !
People are keep going into crypto because we find here money, an extra income that sometimes much higher than we always have from stable jobs. Digital currency become more popular even for investment because of expensive exchange in any other currency even fiats despite of every bad news that people claimed because of careless managing of accounts and experienced scams. When most people decide to keep use bitcoin because they have fully understand that cryptocurrency was being build for digital era especially for transaction purpose !
The surrounding news is possibly one of the biggest factors that might drive people away from looking into its benefits. Once someone reads something negative about crypto, this can strongly affect one's perception in an instant. Of course, there's also the fear of volatility, safety, and the longevity of it. Stepping outside of your comfort zone is not exactly a walk in the park. I guess it's hard to compete with something that's been around for who knows how long.
Getting to know crypto can be quite a task but I do hope that it draws more interest now that more are beginning to embrace the technology, especially major companies around the globe.
Getting to know crypto can be quite a task but I do hope that it draws more interest now that more are beginning to embrace the technology, especially major companies around the globe.
You’re right. The negative news isn’t helping at all and people feel safest within their comfort zones. But I’m still hopeful they’ll eventually learn to adopt crypto the same way we embraced the internet or other technologies. I mean, we pushed ourselves to learn how to email or how to use a smartphone because we knew it was convenient. We also learned it was the future of communication. Maybe the same can be said about crypto? Once people realize how much safer and cheaper it is, they’ll learn to embrace it.
I thought about the unpredictability of bitcoin and its current status and it made me realized that this might drive people away from getting into cryptocurrency. What do you think are the other reasons that will keep people from using bitcoin?
Help them understand the meaning and application of Blockchain technology rather than making a lot of money from itLike when you love a girl, love her, not her looks
most people don't have the privilege of getting the tools and skills needed by Cryptopreneurs.
One thing that tends to prevent people from entering Crypto is that it is easy to change, it is never stable with so much up and down. Also another thing is the technology involved in it.
One thing that tends to prevent people from entering Crypto is that it is easy to change, it is never stable with so much up and down. Also another thing is the technology involved in it.
hey guys, there is a piece of news today, we can discuss further.
If we consider big banks in US as institutions with high level of trust themselves,
and they can transfer trust to the products they trade with,
have a look at this
https://cointelegraph.com/news/bloomberg-morgan-stanley-plans-bitcoin-trading-for-clients
If we consider big banks in US as institutions with high level of trust themselves,
and they can transfer trust to the products they trade with,
have a look at this
https://cointelegraph.com/news/bloomberg-morgan-stanley-plans-bitcoin-trading-for-clients
I see no reason why people can simply forget about bitcoin and cryptocurrencies. They are at the peak of popularity, interest in them is growing every day.
Lack of security , government support and scare of lose ,this three issues is affecting cryptocurrency as we speak and it will still take a very long time before we can see any improvements like years to come for example.
Only one thing-money. Everyone came for easy and quick money, and now that the price has fallen, people are gone just as quickly.
The first thing that can make use of bitcoin is to let people know what bitcoin is, how to use it, what its advantages are. After that, people will begin to understand what bitcoin is and will use it.
I think sooner or later, the crypto currency will be needed by everyone. It's new for people, as new as a mobile phone 30 years ago. The need to have digital money will force people to enter the world of crypto currency.
I think that the adoption of cryptocurrencies by the government can encourage people to use and buy bitcoin.
A currency needs to grow with the people, not past them. To get real mass adoption for bitcoin or any other cryptocurrency, we need better currency conversion, remittance, ATM withdrawals and other financial services with lower fees than fiat systems. In other words, it can be used as intended — as money. This is what will ultimately attract a mainstream audience and will actually incentivize them to make the switch to bitcoin or cryptocurrency.
Bitcoin is a future money that has many advantages compared to ordinary fiat money, whether it's value, security and ease of transaction Bitcoin is far superior to Fiat, I think this is what will encourage people to enter bitcoin, even though the government has not legalized bitcoin. many benefits can be obtained too, after entering bitcoin.
The volatility has been a major hindrance to Btc adoption. I however think ignorance is the sindle most important factor why people are scared to invest in Btc. With enough knowledge on this technology, you can understand most of its dynamics and at least for the fact that this technology has a good potential to make exploits will keep you here.
The ultimate reason why people have been afraid to enter into crypto has been the fact that it is not legalised. I believe any other reason will be insignificant if Btc is worldly legalised. It wouldn't be easy for this to happen though but I do hope that as Btc becomes more stabilised, more people will be drawn into it.
I thought about the unpredictability of bitcoin and its current status and it made me realized that this might drive people away from getting into cryptocurrency. What do you think are the other reasons that will keep people from using bitcoin?
I think the biggest factor is ignorance and fear of the unknown. People fear what they don't understand and many are also weary of things that "seem too good to be true" and bitcoin is usually even touted as a can't lose investment or a money that drug dealers and terrorists like to use, so people are often weary. The mere mentioning of the 'darknet' or 'deepweb' is enough to scare a lot of people off and lets not forget that there was a time when 99% of the times it was mentioned in the media it was done so with negative connotations like its use in drug deals and darknet markets and that puts a lot of people off from even investigating it and seeing the brilliance of the underlying technology. If you ever encounter someone who is skeptical or cyncial then just explain to them the actual uses genuine of it and how fiat cash can just as easily be used for bad stuff and bitcoin is so much more than just 'anonymous' money.
I thought about the unpredictability of bitcoin and its current status and it made me realized that this might drive people away from getting into cryptocurrency. What do you think are the other reasons that will keep people from using bitcoin?
We need to spread the good news about cryptocurrency as our future of digital currency and educate every person the basic of this technology as they will not be the victims of those scammers. If people can fully decide what is a good project then we can minimize those fake and hype and people will have confidence to invest and use this technology in their daily lives. Although we need to push mass adoption to fully utilize the potential of this technology and help one another. Jump to: