What's stopping people from using bitcoin? - page 124.

vrm86

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Quote from: delliaerd on January 31, 2016, 11:25:40 PM

Quote from: Farma on January 31, 2016, 11:16:12 PM

Quote from: Rizky Aditya on January 31, 2016, 03:03:01 PM

I think one of the main reasons that people aren't using bitcoin, is because they like fiat and they don't want to change currencies.

I think you have a point, but I think the great thing that makes people stop using bitcoin is because the price is not stable, it is also the main reason that makes large investors stop using bitcoin because the invested capital at current prices $ 600-700 bitcoin still at that moment must have now will feel disadvantaged

Absolutely right, it's many reasons why someone stoping people for using bitcoin.. for some this week, fluctuations is so terrible. It can down almost one hundred dollars.

Some people may feel like playing on stock market, where they have to watch prices and make quick decisions. How can we convince them, that they will benefit from using bitcoin? Volatility is the main obstacle in the process of wide adaptation.

ajun96

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Quote from: Daniel91 on January 31, 2016, 09:23:03 AM

I can't say for people in other countries but in my country I can mention a few reasons.
No so many people use Internet.
People are skeptic and scared to send money or pay something over Internet.
People don't know about Bitcoin.
If they heard they don't believe in such concept of virtual money.
Only 1 Bitcoin ATM in whole country and only a few merchants accept Bitcoin.

I think if a few people who use the internet, it was very old fashioned
it is not the right reason, at this time we would face the digital era, and everyone had to use the internet, i think

delliaerd

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Quote from: Farma on January 31, 2016, 11:16:12 PM

Quote from: Rizky Aditya on January 31, 2016, 03:03:01 PM

I think one of the main reasons that people aren't using bitcoin, is because they like fiat and they don't want to change currencies.

I think you have a point, but I think the great thing that makes people stop using bitcoin is because the price is not stable, it is also the main reason that makes large investors stop using bitcoin because the invested capital at current prices $ 600-700 bitcoin still at that moment must have now will feel disadvantaged

Absolutely right, it's many reasons why someone stoping people for using bitcoin.. for some this week, fluctuations is so terrible. It can down almost one hundred dollars.

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Quote from: Rizky Aditya on January 31, 2016, 03:03:01 PM

I think one of the main reasons that people aren't using bitcoin, is because they like fiat and they don't want to change currencies.

I think you have a point, but I think the great thing that makes people stop using bitcoin is because the price is not stable, it is also the main reason that makes large investors stop using bitcoin because the invested capital at current prices $ 600-700 bitcoin still at that moment must have now will feel disadvantaged

danherbias07

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Quote from: Rizky Aditya on January 31, 2016, 03:03:01 PM

I think one of the main reasons that people aren't using bitcoin, is because they like fiat and they don't want to change currencies.

I dont think so. What if you are in a country where your money is really in low value. You want to make something out of other currencies. That is why people work overseas just too increase their income getting salaries from a different currency. Just think of this if you are tipped by a 1 dollar against a 1 mexican peso. I would prefer dollar right?

tbterryboy

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Quote from: eeaweeaws on January 31, 2016, 09:33:36 AM

Quote from: Anddos on January 29, 2016, 08:06:22 PM

I think people mostly don't know or don't understand what bitcoin is, that's why, as it is said in the thread for newbies - it is an ingenious mathematical technology - and sometimes that can be a little scary for people.

yes, i am totally agree. same moment is also here in my country. no one don't know about bitcoin. what is the bitcoin? how it is works ? how it is transacting? if they will know everything about it. here this is the main reason for people not using bitcoin.

Yes lack of knowledge is the biggest stopping for many people from using bitcoins. Unless all the bitcoiners feel their responsibility of spreading out bitcoin ecosystem's awareness to some people, this barrier may never be broken.

Rizky Aditya

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I think one of the main reasons that people aren't using bitcoin, is because they like fiat and they don't want to change currencies.

busybee7

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nothing stops them from doing that, i guess people are just afraid to have trouble with law

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Quote from: MrGodMan on January 31, 2016, 02:44:15 PM

Quote from: eeaweeaws on January 31, 2016, 09:33:36 AM

Quote from: Anddos on January 29, 2016, 08:06:22 PM

I think people mostly don't know or don't understand what bitcoin is, that's why, as it is said in the thread for newbies - it is an ingenious mathematical technology - and sometimes that can be a little scary for people.

yes, i am totally agree. same moment is also here in my country. no one don't know about bitcoin. what is the bitcoin? how it is works ? how it is transacting? if they will know everything about it. here this is the main reason for people not using bitcoin.

All the bitcoins users are now in the saving mode in their block chain or multi wallet for the price rise. The price is going down. When the price will go little up then may be all the users of bitcoins will start selling and buying something online and do trading too.

Most investors and speculators are trying to figure out what to do with the current political climate in the Bitcoin economy right now. Amid Classic, Core and Unlimited being at each other's throats, no-one wants to be caught up in the fallout of the argument. That's part of why we are seeing the Bitcoin price at the lower end of the spectrum for it right now. Once someone gives up and there's a definitive chain that will be used, we'll see the price be going back up.

MrGodMan

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Quote from: eeaweeaws on January 31, 2016, 09:33:36 AM

Quote from: Anddos on January 29, 2016, 08:06:22 PM

I think people mostly don't know or don't understand what bitcoin is, that's why, as it is said in the thread for newbies - it is an ingenious mathematical technology - and sometimes that can be a little scary for people.

yes, i am totally agree. same moment is also here in my country. no one don't know about bitcoin. what is the bitcoin? how it is works ? how it is transacting? if they will know everything about it. here this is the main reason for people not using bitcoin.

All the bitcoins users are now in the saving mode in their block chain or multi wallet for the price rise. The price is going down. When the price will go little up then may be all the users of bitcoins will start selling and buying something online and do trading too.

blunderer

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Quote from: RealBitcoin on January 31, 2016, 10:32:50 AM

They haven't experienced a 90% bank bail-in yet.

After that they will be so mad , that they will have to buy bitcoin.

Oh wait they wont, they wont have money after that HAHAHA!

90% haircut? Must feel something like this:

NXT is the Best Altcoin! Cheesy

RealBitcoin

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They haven't experienced a 90% bank bail-in yet.

After that they will be so mad , that they will have to buy bitcoin.

Oh wait they wont, they wont have money after that HAHAHA!

eeaweeaws

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Quote from: Anddos on January 29, 2016, 08:06:22 PM

I think people mostly don't know or don't understand what bitcoin is, that's why, as it is said in the thread for newbies - it is an ingenious mathematical technology - and sometimes that can be a little scary for people.

yes, i am totally agree. same moment is also here in my country. no one don't know about bitcoin. what is the bitcoin? how it is works ? how it is transacting? if they will know everything about it. here this is the main reason for people not using bitcoin.

Daniel91

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I can't say for people in other countries but in my country I can mention a few reasons.
No so many people use Internet.
People are skeptic and scared to send money or pay something over Internet.
People don't know about Bitcoin.
If they heard they don't believe in such concept of virtual money.
Only 1 Bitcoin ATM in whole country and only a few merchants accept Bitcoin.

Thekool1s

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Change is in your hands

From what i believe is that lack of places to spend bitcoin, In my country i can hardly buy anything from bitcoin, mostly i can just store and exchange and nothing beyond that. If i could live without fiat i would do that, but only thing stopping me from using it is unavailability to spend. I blame this on media and governments. From media we get that everything can be hacked, and we all know the governments part.

Anddos

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Quote from: vrm86 on January 31, 2016, 08:26:44 AM

Quote from: Anddos on January 31, 2016, 08:15:23 AM

Quote from: Mr. Big on January 31, 2016, 03:55:11 AM

Quote from: Anddos on January 30, 2016, 05:25:22 PM

It's not even about understanding about profit and transactioning. People do not get how can there be noney that doesn't exist and that no one governs. Like a bank. It's nothing, nowhere. But it's still money with real value.

It's really the knowledge that makes us different from those who do not use bitcoin, but if they too, know that it has a value and it can be use, then one day they'll be here...

Remember that once there were people using salt for money, or feathers at one point. Also, what gives gold value? Read about it - it's more than interesting. The simple fact is that it is not easily degradable. Salt, feathers, bitcoin - it has value because we say so.

Centuries ago salt was very hard to obtain (as gold) and therefore it's value was so high. Mean of payment have to be somehow rare to not inflate economical system with excessive supply.

Exactly.

And also to the user that said that the price of bitcoin fluctuates I want to tell him that in Europe for example there are countries where the euro hasn't been implemented yet and because of the exchange ups and downs there are people getting rich like crazy. It's the same with bitcoin, only that it's electronic.

vrm86

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Quote from: Anddos on January 31, 2016, 08:15:23 AM

Quote from: Mr. Big on January 31, 2016, 03:55:11 AM

Quote from: Anddos on January 30, 2016, 05:25:22 PM

It's not even about understanding about profit and transactioning. People do not get how can there be noney that doesn't exist and that no one governs. Like a bank. It's nothing, nowhere. But it's still money with real value.

It's really the knowledge that makes us different from those who do not use bitcoin, but if they too, know that it has a value and it can be use, then one day they'll be here...

Remember that once there were people using salt for money, or feathers at one point. Also, what gives gold value? Read about it - it's more than interesting. The simple fact is that it is not easily degradable. Salt, feathers, bitcoin - it has value because we say so.

Centuries ago salt was very hard to obtain (as gold) and therefore it's value was so high. Mean of payment have to be somehow rare to not inflate economical system with excessive supply.

Anddos

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Activity: 378

Merit: 250

Quote from: Mr. Big on January 31, 2016, 03:55:11 AM

Quote from: Anddos on January 30, 2016, 05:25:22 PM

It's not even about understanding about profit and transactioning. People do not get how can there be noney that doesn't exist and that no one governs. Like a bank. It's nothing, nowhere. But it's still money with real value.

It's really the knowledge that makes us different from those who do not use bitcoin, but if they too, know that it has a value and it can be use, then one day they'll be here...

Remember that once there were people using salt for money, or feathers at one point. Also, what gives gold value? Read about it - it's more than interesting. The simple fact is that it is not easily degradable. Salt, feathers, bitcoin - it has value because we say so.

Windpower

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Quote from: BruceLee007 on January 29, 2016, 01:20:12 PM

the main reason is that they think that bitcoin can be used only for doing the illegal things and that it can be illegal for people to use it though in most countries its not illegal

What the hell. Who in the world thinks that? I know there was some issues with that, but not that many.

jethrorn99

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There's still a lot of people that still didn't know what bitcoin is. If they don't know what bitcoin is, then how are they gonna use it?

And in here, there's a lot of people that doesn't understand how to use it, that's a factor.

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