Topic: What's stopping people from using bitcoin? - page 112. (Read 202161 times)

They have to learn that Bitcoin's price isn't stable anyway and can get down or up easily, so with time and patience i think they can make profit by holding bitcoins

They will stop if they lose a lot of money and that is not good. Than they are very angry and they will not like it and that is the problem.
But the most important is that you need some patience. It takes a long time to have some profit later in the future.

If you look at the history if the Bitcoin price of the last couple of years, then you'll see that there were persiods of a couple months long in which there was hardly aany volatility.
Not even that long ago, if I remember correctly. So it could definitely be possible that we'll see another period like that, after the halving hype has gone perhaps.

agree with you everyone always alert to this coin. because the price at any time can go down very sharply. therefore when prices began to climb many people selling directly This would make the price back down.
if you are not good at that you will be more losses maybe it makes a lot of people stop using bitcoin

Banks? But those are controlled by the government. It would be the same mistake just like fiat and some commodities if this will be done. We cannot control our own money anymore. And they will be the one who will get rich again. Pfft.

And here is me thinking the banks are the criminals.  In Iceland they put the people that crashed the economy in prison, in UK they gave them a golden handshake.  There are many criminals in the western establishment and governments and financial sectors just like there are some very honest people running underground gangs.  The intelligence services do not trust the police, the military don't trust politicians.  Money is power and the only law is you conscience. So if they use bitcion it is good to me.

Anyway, what kind of media do you guys consume?? I hear only good things of Bitcoin. Although I never hear it mentioned on mainstream media (Not that i consume much of that).
 I do hear the bitcoin users i know complain about how long conformations take. Although people are usually happy to pay a larger (up to 3/4 mBTC) transaction fee than the wallet default of about 1/10th mBTC. Bitcoin looses out to Western Union and paypal in my opinion because it can take so long. 
Also i have had ebay listings taken down for stating that i accept bitcoin.

For me, mining is getting expensive for the small miner and pools want to keep the transaction fees.   The mining is becoming centralised in China.  Pools are often under DDos or block withhold attacks.  No one can trust anyone anymore.  Who knows what will happen when the block payment halves.

What? I dont think many bitcoins would like banks to have anything do with with bitcoin.

Yeah I think that's true but the major reason would be the price volatility I guess, as people find it more fluctuating and are not sure what would be the value tomorrow, so they just ignore to get into in it.

I think the biggest turn off would be the volatility of it all. No one wants to wake up everyday having to worry about their coins turning to dust. We need the banks to back the blockchain.

There is nothing stopping people from using Bitcoin. They are just lazy and aren't bothered to try something new out.

Yeah, but the fact is that criminals are not only using bitcoins, they are using fiat too, and I think they are using fiat more in compare to bitcoins, but people have more issues with bitcoins and not with fiat.

I'm thinking the same thing, the point that the bitcoins is bad named because of the media that is giving the bitcoin a bad name.
The people are scared to invest in the bitcoin because they think its bad an used by criminals.

I think because of the many cases of
fraud will make people leave bitcoin

Negative publicity of bitcoin is creating an havoc here, as the majority of people have heard only bad news related to bitcoins and that is the reason they have fear and hesitation in using bitcoins.

Trust is a very important think. But this is caused by a lot of misinformation. A lot of people are not well informed about bitcoin.
They think it's dangerous or being used by dangerous people. Which essentially is false.

I dont think anything stoping people for using bitcoins.
Those who know about bitcoins trust it and always want to use it.

Bitcoin often getting a decrease in the price, and the misunderstanding of the digital currency with
the paper money is the main backlog which keeps most interested people out of the bitcoin.

That is really true, i also think that if bitcoin gets accepted everywhere like paypal or some other payment processors like that then it's users will also increase and people will start using bitcoin as well like paypal or all other payment processors.

People who have started to use bitcoin, it will be really difficult for them to stay away from bitcoins,  but if you take proper care of your bitcoin wallet, then I don't think that is that easy for anyone to hack your bitcoins.

I thought to number 1 and 2 are very similar. it is not possible to make someone stop using bitcoin for the long term. I know it would make a sad and make us despair. but not long after they would have to rise. because he could find bitcoin again with very easily.