What's stopping people from using bitcoin? - page 118.

Mitchow

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Quote from: wadili89 on February 15, 2016, 05:45:52 PM

Quote from: gregyoung14 on February 13, 2016, 02:51:13 AM

Quote from: 23dzmaz on February 13, 2016, 01:59:42 AM

when bitcoin have no price or the bitcoin price decrease so down around $100. i'm sure people will stop using bitcoin, because it's like bitcoin is not worth anymore.

Yep, and this right here also is why tons of people are having doubts using BTCs. The value is simply too erratic.

are you sure ? if bitcoin price dropped to 100$ it will bankrupt some people but i dont think so this drop can be the end of bitcoins even with 100$ it will be worlds biggest value currency digitally or physically both the more important is stability

Yeah, price stability is the major concern, but as the market cap of bitcoin is too small, its difficult it can ever remain stable, and if price falls that down, people will try to collect as many coins as possible.

wadili89

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Quote from: gregyoung14 on February 13, 2016, 02:51:13 AM

Quote from: 23dzmaz on February 13, 2016, 01:59:42 AM

when bitcoin have no price or the bitcoin price decrease so down around $100. i'm sure people will stop using bitcoin, because it's like bitcoin is not worth anymore.

Yep, and this right here also is why tons of people are having doubts using BTCs. The value is simply too erratic.

are you sure ? if bitcoin price dropped to 100$ it will bankrupt some people but i dont think so this drop can be the end of bitcoins even with 100$ it will be worlds biggest value currency digitally or physically both the more important is stability

ctlaltdefeat

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Quote from: JforJoker on October 16, 2015, 09:09:54 AM

So after reading this article and especially the ending:

Quote

One thing is for certain: having made Bitcoin less of a security worry, transparency will now be key in attracting users to new models, placing control of funds and fees in an upfront way in their own hands.

I'm wondering what's stopping people from using bitcoin?

And now I'm talking about people who already aware of bitcoin and how it works but still not using it.

The price is now pretty much stable for more then a year, security issues are out of the question - so why we can't see in 2015 more companies switching to it, especially considering the unstable condition of moden economy?

many reasons for people to stop using bitcoin,i believe some people quit frombitcoin because the price,they stop using or collect bitcoin because they think the price not interest anymore,and some people have a lack knowledge about bitcoin,so they stop using it,they dont know what will happen next to bitcoin.

fricircled

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Quote from: diodio5 on February 15, 2016, 03:41:12 AM

Quote from: angryrob on February 12, 2016, 12:29:46 PM

Price fluctuation can be the most important reason for people not using bitcoins, as the price of bitcoin is too volatile that makes newbie to think twice before investing the money into it, and other reason is lack of knowledge of bitcoins.

I think nope. someone who already joined with bitcoin. of course have known this problem and I am sure they have understood and understand the fluctuations, so I thought fluctuation is not an important issue for the people stopping in using bitcoin

For the people who just know the bitcoin, they will see the volatility of the price and think it is just a tool for speculation.

diodio5

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Quote from: angryrob on February 12, 2016, 12:29:46 PM

Price fluctuation can be the most important reason for people not using bitcoins, as the price of bitcoin is too volatile that makes newbie to think twice before investing the money into it, and other reason is lack of knowledge of bitcoins.

I think nope. someone who already joined with bitcoin. of course have known this problem and I am sure they have understood and understand the fluctuations, so I thought fluctuation is not an important issue for the people stopping in using bitcoin

teilwalL05

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Quote from: gregyoung14 on February 13, 2016, 02:51:13 AM

Quote from: 23dzmaz on February 13, 2016, 01:59:42 AM

when bitcoin have no price or the bitcoin price decrease so down around $100. i'm sure people will stop using bitcoin, because it's like bitcoin is not worth anymore.

Yep, and this right here also is why tons of people are having doubts using BTCs. The value is simply too erratic.

yup! just like in all the scam site that has a big comeback of money when you invest with them people will have second though on doing bitcoin or buying bitcoin will be a doubt to them and I think a lack of knowledge is a primary suspect that is why lots of person having a difficult time in taking in bitcoin.

gregyoung14

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Quote from: 23dzmaz on February 13, 2016, 01:59:42 AM

when bitcoin have no price or the bitcoin price decrease so down around $100. i'm sure people will stop using bitcoin, because it's like bitcoin is not worth anymore.

Yep, and this right here also is why tons of people are having doubts using BTCs. The value is simply too erratic.

23dzmaz

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when bitcoin have no price or the bitcoin price decrease so down around $100. i'm sure people will stop using bitcoin, because it's like bitcoin is not worth anymore.

blackmachinegun

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I think the price decline would be devastating for most people, you can see. when the price reduction. many people who sell their bitcoin, I'm sure if prices fell 90%. many people will stop using bitcoin

ajun96

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Quote from: angryrob on February 12, 2016, 12:29:46 PM

Price fluctuation can be the most important reason for people not using bitcoins, as the price of bitcoin is too volatile that makes newbie to think twice before investing the money into it, and other reason is lack of knowledge of bitcoins.

after someone joins bitcoin supposed he must know what risks he would face. such as fluctuation of bitcoin. after he knew that, I'm sure he would not stop using bitcoin when the price falls

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Quote from: DOGE12321 on February 12, 2016, 11:39:17 PM

there isnt really a definite answer for that. it depends on the person. Each person is different.Everyone would have their own limitations. one of the main reasons would be that most of our senior population have no idea of as to what Bitcoin is.

however, this doesnt mean that i dont support everyone using bitcoin. i do recommend bitcoin now in our modern world. Now at least.

There may not be a definite answer, but there sure is a few main points -

Illegal trade: bitcoin is notorious for its anonymity, and how much black-market traders love to keep that. Regular people like you and me don't want to be affiliated with them, and don't use bitcoin

Attachment to fiat: exactly as dumb as it sounds.

DOGE12321

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there isnt really a definite answer for that. it depends on the person. Each person is different.Everyone would have their own limitations. one of the main reasons would be that most of our senior population have no idea of as to what Bitcoin is.

however, this doesnt mean that i dont support everyone using bitcoin. i do recommend bitcoin now in our modern world. Now at least.

angryrob

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Price fluctuation can be the most important reason for people not using bitcoins, as the price of bitcoin is too volatile that makes newbie to think twice before investing the money into it, and other reason is lack of knowledge of bitcoins.

blunderer

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Quote from: andulolika on February 11, 2016, 06:41:27 PM

... why meeting in a shady place is considered safer?

Because robing & raping you in a "poorly-lit, rat-infested dead-end alley, behind the dumpster" *is* safer.

andulolika

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Quote from: blunderer on February 11, 2016, 06:13:27 PM

Quote from: romero121 on February 11, 2016, 06:09:35 PM

Some people just watch from th outside and create a negative statements.
People who were not experienced using bitcoin also believe things said
by those useless and fear to get involved into the bitcoin community.

Wait, are you talking about this?

Quote from: ?? on ??

Quote from: Xialla on February 11, 2016, 04:27:34 AM

mainly? price is not rising..

and sure, it is still quite hard to use, complex, slow...there is really not point to use bitcoin these days, except you are tech savvy guy or buying drugs over internet..

I agree with you about price is not rising, but "hard to use, comples , slow " What can make it difficult to use bitcoin ? and I think it is more difficult to use bitcoin than paypal. And slow ? send bitcoin from Asia to America just in 2 sec or less. Cheesy

If you already own BTC, and if the person you wish to transact with accepts BTC, but those are pretty hefty ifs.
Buying BTC requires sending a bunch of personal info to some shady exchange (which may disappear/get h4xx0red), and keeping IRL money there, waiting for a good buy opportunity.

Yes, you may bypass this intrusive procedure by setting up IRL "meetup" (usually in some poorly-lit, rat-infested dead-end alley, behind the dumpster, for "security reasons"), but this can easily turn into a rape/robbery,

Of course, there's also the "why would I wanna go through all this trouble just to avoid buyer protection/cash back/perks/free loan, for up to a year, from some legacy credit card company?" question, but that's just trolling...

What if localbitcoins? Besides, why meeting in a shady place is considered safer?

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