What's stopping people from using bitcoin? - page 12.

jamalaezaz

copper member

Activity: 1876

Merit: 533

Quote from: Lionidas on July 17, 2016, 05:42:36 PM

Nothing really can stop people from using it. Only if they are banned to use in your country where you live. This is the only thing that I can think of that will prohibit someone from stopping someone from using it,

bitcoin is completely anonymous. and decentralize currency. I don't think someone can ban bitcoin. no govt no anyone. if poeple leave bitcoin then they must leave for something else reason. but because of bitcoin.
even I didn't see anyone to leave bitcoin. might some people leave it because they got scammed from there. as you know bitcoin full of scammers.

0day

hero member

Activity: 742

Merit: 500

Hire me for your campaign management.

Quote from: vero on July 17, 2016, 05:28:43 PM

Quote from: blackmachinegun on July 17, 2016, 05:05:14 PM

Quote from: lionheart78 on July 17, 2016, 03:03:01 PM

I think one of the main reason that stopping people from using bitcoin is the lack of knowledge coupled with bad press. This explain much for some people are afraid to have a connection to things that have something to do with illegal activities. Due to their lack of knowledge about bitcoin, they think that bitcoin itself is illegal.

yeah their knowledge of bitcoin are still few and poor they were so afraid of bitcoin, such as fear when prices fall and will make them into bankruptcy this happens because they do not have much knowledge about bitcoin. if cases like this what we should do

I guess it will all be done by every person to tried not to lose money on that investing more so when prices fall would sell these investment, it does not mean that their knowledge was poor.

At least the traders do not do like that, they know the tricks of trade and when the price for bitcoin decrease they do not sell their coins but they buy more and more and with that the price of bitcoin increases and so they then start to sell their extra coins.

Akupuniard

sr. member

Activity: 406

Merit: 250

It's can be anything honestly, very hard to pick out only one reason, but mostly people just don't know what bitcoin is. For example in my city almost everyone don't know what is it.

ajun96

hero member

Activity: 658

Merit: 500

Quote from: Gahs on July 14, 2016, 04:34:15 PM

I think these companies do not use bitcoins because they do not see any special need to do so, some bitcoin exchanges have fees as high as 20% - this is higher than a simple bank transfer.

They might also have this nagging fear that bitcoins might collapse one day like some of the other cryptocurrencies have done in time past.

I think not all exchanges provide a 20% withdrawal fee even in local exchange in my country only provides a fee of 1% for the withdrawal of bitcoin? it was very cheap and I think every exchange has a different fee. I think you have to look for exchanges that provide an inexpensive fee. but it is not a good reason to quit in using bitcoin

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: danherbias07 on July 17, 2016, 11:40:47 PM

Quote from: Blitzboy on July 17, 2016, 06:31:18 PM

Quote from: ?? on ??

Bitcoin really has no advantages for the average person making purchases in a store. Credit cards rule because they provide consumer protection. Bitcoin gives merchants more protection. It should be merchants driving the use of Bitcoin. For the average person, Bitcoin has better applications in money transfers and contracts involving escrow.

Escrow works only here in our forum i dont know for other site.. its risky to use bitcoin if you deal for someone not well known you may scam.. and you can retrieve your bitcoin back unlike paypal..

An escrow is like the middle man. So I think it also work even outside this forum. Examples are bets from different sports. Without it risk of the other betting person may happen. So that is why people here hate when there is no escrow.

I believe there are escrow also even not here in forum. As long as there is money involved. Escrows are everywhere and you are right they are middleman for real.
Because when having transactions people don't trust each other so they are getting escrow and maybe when they don't find good escrow they are just stop using it.

danherbias07

legendary

Activity: 3262

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

Quote from: Blitzboy on July 17, 2016, 06:31:18 PM

Quote from: ?? on ??

Bitcoin really has no advantages for the average person making purchases in a store. Credit cards rule because they provide consumer protection. Bitcoin gives merchants more protection. It should be merchants driving the use of Bitcoin. For the average person, Bitcoin has better applications in money transfers and contracts involving escrow.

Escrow works only here in our forum i dont know for other site.. its risky to use bitcoin if you deal for someone not well known you may scam.. and you can retrieve your bitcoin back unlike paypal..

An escrow is like the middle man. So I think it also work even outside this forum. Examples are bets from different sports. Without it risk of the other betting person may happen. So that is why people here hate when there is no escrow.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: Blitzboy on July 17, 2016, 06:31:18 PM

Quote from: ?? on ??

Bitcoin really has no advantages for the average person making purchases in a store. Credit cards rule because they provide consumer protection. Bitcoin gives merchants more protection. It should be merchants driving the use of Bitcoin. For the average person, Bitcoin has better applications in money transfers and contracts involving escrow.

Escrow works only here in our forum i dont know for other site.. its risky to use bitcoin if you deal for someone not well known you may scam.. and you can retrieve your bitcoin back unlike paypal..

And it is hard to trust if you are not going to trust escrow here in forum and of course there are merchants that are going to deal with escrows too.
People are really pissed of scams, that's why many are just stopping in using bitcoin.
Because they don't want to become a victim again.

Blitzboy

hero member

Activity: 1316

Merit: 561

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

Bitcoin really has no advantages for the average person making purchases in a store. Credit cards rule because they provide consumer protection. Bitcoin gives merchants more protection. It should be merchants driving the use of Bitcoin. For the average person, Bitcoin has better applications in money transfers and contracts involving escrow.

Escrow works only here in our forum i dont know for other site.. its risky to use bitcoin if you deal for someone not well known you may scam.. and you can retrieve your bitcoin back unlike paypal..

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: blackmachinegun on July 17, 2016, 05:05:14 PM

Quote from: lionheart78 on July 17, 2016, 03:03:01 PM

I think one of the main reason that stopping people from using bitcoin is the lack of knowledge coupled with bad press. This explain much for some people are afraid to have a connection to things that have something to do with illegal activities. Due to their lack of knowledge about bitcoin, they think that bitcoin itself is illegal.

yeah their knowledge of bitcoin are still few and poor they were so afraid of bitcoin, such as fear when prices fall and will make them into bankruptcy this happens because they do not have much knowledge about bitcoin. if cases like this what we should do

It's actually shocking that even some hero members here in this forum don't have the basic Bitcoin knowledge. This is based on the way they post in this forum. Not to mention the normal people that have never done anything with Bitcoin. I know some people that still think Bitcoin is one big ponzi scheme. No matter how hard I try to explain them that it isn't the case and point them on all the good features of Bitcoin, it's just not enough. Very hard headed people.

Lionidas

hero member

Activity: 1008

Merit: 1012

Nothing really can stop people from using it. Only if they are banned to use in your country where you live. This is the only thing that I can think of that will prohibit someone from stopping someone from using it,

vero

hero member

Activity: 518

Merit: 500

Quote from: blackmachinegun on July 17, 2016, 05:05:14 PM

Quote from: lionheart78 on July 17, 2016, 03:03:01 PM

I think one of the main reason that stopping people from using bitcoin is the lack of knowledge coupled with bad press. This explain much for some people are afraid to have a connection to things that have something to do with illegal activities. Due to their lack of knowledge about bitcoin, they think that bitcoin itself is illegal.

yeah their knowledge of bitcoin are still few and poor they were so afraid of bitcoin, such as fear when prices fall and will make them into bankruptcy this happens because they do not have much knowledge about bitcoin. if cases like this what we should do

I guess it will all be done by every person to tried not to lose money on that investing more so when prices fall would sell these investment, it does not mean that their knowledge was poor.

blackmachinegun

hero member

Activity: 532

Merit: 500

Quote from: lionheart78 on July 17, 2016, 03:03:01 PM

I think one of the main reason that stopping people from using bitcoin is the lack of knowledge coupled with bad press. This explain much for some people are afraid to have a connection to things that have something to do with illegal activities. Due to their lack of knowledge about bitcoin, they think that bitcoin itself is illegal.

yeah their knowledge of bitcoin are still few and poor they were so afraid of bitcoin, such as fear when prices fall and will make them into bankruptcy this happens because they do not have much knowledge about bitcoin. if cases like this what we should do

Blitzboy

hero member

Activity: 1316

Merit: 561

Leading Crypto Sports Betting & Casino Platform

Quote from: 1Referee on July 17, 2016, 04:32:40 PM

Quote from: utkarshm on July 17, 2016, 03:04:57 PM

Quote from: RKing on October 16, 2015, 11:53:44 AM

The volatility of the price. If the price is not steady, we will not hold and use bitcoin as we do not know the purchasing power tomorrow.

Yes this might be the reason but i think the main reason is the less knowledge about bitcoins or ecurrency

The following options are the most common reasons for non tech people to skip Bitcoin.

- Volatility.
- Lack of knowledge.
- They got brainwashed by the media.
- Think Bitcoin is a scam.

Yeah when i was new about bitcoin one of the best reason why i am thiking to stop using bitcoin is the 3rd thinking that bitcoin is scam and i will lose some money when i was bought some bitcoins before..

lister storm

hero member

Activity: 770

Merit: 500

Quote from: Omegasun on July 17, 2016, 12:12:02 AM

Quote from: TastyChillySauce00 on October 16, 2015, 11:51:34 AM

so many reason, for example: they got bored , they think they dont need bitcoin anymore, they think that bitcoin dont have bright future (i believe bitcoin have bright future)

Because bitcoin nowadays is more in gambling and ponzi scam. I hope that this image will be removed soon.

though nowadays i think that it is impossible to make people forget about all the scams i think it is better to make people think that we will be able to use bitcoin for good

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: utkarshm on July 17, 2016, 03:04:57 PM

Quote from: RKing on October 16, 2015, 11:53:44 AM

The volatility of the price. If the price is not steady, we will not hold and use bitcoin as we do not know the purchasing power tomorrow.

Yes this might be the reason but i think the main reason is the less knowledge about bitcoins or ecurrency

The following options are the most common reasons for non tech people to skip Bitcoin.

- Volatility.
- Lack of knowledge.
- They got brainwashed by the media.
- Think Bitcoin is a scam.

just_Alice

hero member

Activity: 1274

Merit: 622

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?

Because people have always worried about new innovative things, and especially when it comes to the money question. Even though it is pretty stable, it's still quite a risk to use bitcoin, I mean..you can't even touch it, or see. I think it will be widely used someday, just give it some time.

AioFox

member

Activity: 84

Merit: 10

Quote from: [email protected] on July 15, 2016, 10:49:05 PM

Quote from: Omegasun on July 15, 2016, 08:49:43 AM

Based on my own experience. First i dont want btc because of lack og knowledge about that. Only my friend guide thats why im hook now on btc. This forum also teach me a lot knowledge about btc

Yeah I agree to you. I experience that too.when i was a newbie, Its hard for me cause no one is teaching about it. I am the only one teaching by myself i make trial and error. 2 Months before i get on how can i earn every day in bitcoin and how can i dont get scammed by other peoples

It was a bit more of a gradual process for me. A friend of mine introduced me to a free faucet to get Bitcoins, i didnt exactly understand it at first but i just didnt anyway cause he said he needed some help with getting money. After a while, i realised the credit card payments were quite costly so on looking for an alternitive i learnt more about Bitcoin and got used to it.

utkarshm

full member

Activity: 154

Merit: 100

Quote from: RKing on October 16, 2015, 11:53:44 AM

The volatility of the price. If the price is not steady, we will not hold and use bitcoin as we do not know the purchasing power tomorrow.

Yes this might be the reason but i think the main reason is the less knowledge about bitcoins or ecurrency

lionheart78

legendary

Activity: 2954

Merit: 1153

I think one of the main reason that stopping people from using bitcoin is the lack of knowledge coupled with bad press. This explain much for some people are afraid to have a connection to things that have something to do with illegal activities. Due to their lack of knowledge about bitcoin, they think that bitcoin itself is illegal.

langedwig

full member

Activity: 238

Merit: 100

Quote from: boyptc on July 17, 2016, 12:28:09 PM

Quote from: crairezx20 on July 17, 2016, 12:13:27 PM

Quote from: Omegasun on July 17, 2016, 12:12:02 AM

Quote from: TastyChillySauce00 on October 16, 2015, 11:51:34 AM

so many reason, for example: they got bored , they think they dont need bitcoin anymore, they think that bitcoin dont have bright future (i believe bitcoin have bright future)

Because bitcoin nowadays is more in gambling and ponzi scam. I hope that this image will be removed soon.

I think its impossible right now to remove those activity mostly for ponzi scam they are still alive even this forum are restricted it and inform people to dont invest they are still victim for other ponzi sites.. gambling is not a big problem..

Definitely that is really a big problem in bitcoin because of those greedy people that doesn't know how to work hard.
But by means of creating those scamming sites they are able to eat their living.
And when someone is already victimized by it, tendency they are really going to stop using it.

Nothing should stop people from using the btc when it has lots and lots of benefits. It may the government rules and regulations that is stopping people use them. They fear and obey the rules. I dont thing anything else would cause them not to use.

Topic: What's stopping people from using bitcoin? - page 12. (Read 202139 times)