What's stopping people from using bitcoin? - page 129.

madmat

legendary

Activity: 966

Merit: 1000

Quote from: Rotator on January 21, 2016, 10:00:15 AM

Maybe all those story that connecting bitcoin with Silkroad and similar..
Maybe folks are afraid if they use coin that will have some trouble..with law!

Folks are not afraid, they just use what is available. You can't pay a lot of thing with bitcoin.

frankenmint

legendary

Activity: 1456

Merit: 1018

HoneybadgerOfMoney.com Weed4bitcoin.com

Quote from: Lutzow on January 21, 2016, 06:29:01 AM

Well, would you wait for 30 mins to 1 hr to pay for your grocery items? No. It takes a while for btc to be have confirmations so I guess some altcoins can try to squeeze themselves in that area since some of them can be transferred in just a few minutes. Still slow as compared to paying with FIAT but that's still way better than 30 minutes or more.

I would rather have a better mechanism to pay for groceries than to have it bare metal protocol at this point...unless gyft got their act together and stepped up to provide a real grocery store...though its hard to beat the btc brokers that have $0 transfer services aka coinbase and circle.

Rotator

sr. member

Activity: 308

Merit: 250

Maybe all those story that connecting bitcoin with Silkroad and similar..
Maybe folks are afraid if they use coin that will have some trouble..with law!

Altynbekova

sr. member

Activity: 476

Merit: 250

Quote from: Nameless Coin on January 21, 2016, 09:08:29 AM

Quote from: dhimasnk on January 21, 2016, 08:42:34 AM

I think that makes people stop using bitcoin is afraid at price very volatile and too many negative news

Volatility is my main concern yes. The price going up so much or down so much in a matter of days, scares the hell out of me.

Don't be that scared, because the price of bitcoin have always has been this way.
I am sure that at the end of this year or in November we will see a high price.
So I think you can just hold your bitcoins until the price goes up.

Nameless Coin

sr. member

Activity: 308

Merit: 250

Quote from: dhimasnk on January 21, 2016, 08:42:34 AM

I think that makes people stop using bitcoin is afraid at price very volatile and too many negative news

Volatility is my main concern yes. The price going up so much or down so much in a matter of days, scares the hell out of me.

Jaxelrell

member

Activity: 85

Merit: 10

Quote from: dhimasnk on January 21, 2016, 08:42:34 AM

I think that makes people stop using bitcoin is afraid at price very volatile and too many negative news

Yeah I think more with the volatile of the price I think with the bad news they don't care that much than just the price. People love to see those numbers going up that is why some is going to be interested with bitcoin and yeah some are sacred.

dhimasnk

hero member

Activity: 546

Merit: 500

I think that makes people stop using bitcoin is afraid at price very volatile and too many negative news

GannickusX

hero member

Activity: 490

Merit: 500

Quote from: Lutzow on January 21, 2016, 06:29:01 AM

Well, would you wait for 30 mins to 1 hr to pay for your grocery items? No. It takes a while for btc to be have confirmations so I guess some altcoins can try to squeeze themselves in that area since some of them can be transferred in just a few minutes. Still slow as compared to paying with FIAT but that's still way better than 30 minutes or more.

It will never be as fast as paying in cash, obviously not even as fast as a credit card since that's instant. I don't see bitcoin as something you would use to buy grocery products but more for bigger transactions. At the moment bitcoin is not better than fiat a part from being anonymous you don't get much more benefit from it.

TravisNeko

member

Activity: 85

Merit: 10

I believe it's mostly people who are hearing things from the media who are preferring not to use bitcoin because of the negative news.

DavidoAlto

sr. member

Activity: 364

Merit: 250

I think that people are afraid of using bitcoin, because they want to lose there money when they buy bitcoin and that is why a lot of people is going to panic when the price is going low.

mayax

legendary

Activity: 1470

Merit: 1004

Quote from: diodio5 on January 21, 2016, 07:00:32 AM

I ever stopped a few months to use bitcoin, but then I use bitcoin again
I stopped at the time because bitcoin prices plunge fall to $ 150- $ 180

you made a wise decision. you have debit cards with ZERO fees and instant transactions and guess what? the debit cards are electronic money too

diodio5

hero member

Activity: 490

Merit: 500

I ever stopped a few months to use bitcoin, but then I use bitcoin again
I stopped at the time because bitcoin prices plunge fall to $ 150- $ 180

praprata

sr. member

Activity: 420

Merit: 250

Quote from: Lutzow on January 21, 2016, 06:29:01 AM

Well, would you wait for 30 mins to 1 hr to pay for your grocery items? No. It takes a while for btc to be have confirmations so I guess some altcoins can try to squeeze themselves in that area since some of them can be transferred in just a few minutes. Still slow as compared to paying with FIAT but that's still way better than 30 minutes or more.

Yeah that is also the problem it will be just nice if we have a lot more ATM for bitcoin so you just can cash out with your phone.
I hoping that it will happen this year more and more ATM in other country too.

Lutzow

hero member

Activity: 728

Merit: 500

Well, would you wait for 30 mins to 1 hr to pay for your grocery items? No. It takes a while for btc to be have confirmations so I guess some altcoins can try to squeeze themselves in that area since some of them can be transferred in just a few minutes. Still slow as compared to paying with FIAT but that's still way better than 30 minutes or more.

Boosterious

sr. member

Activity: 308

Merit: 250

The mind is everything. What you think you become.

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?

i just know that some of my friends stop using bitcoin because they feel hard to get and annoying when bitcoin price fall down,and i think its major problem for newbie to stop using bitcoin,

danherbias07

legendary

Activity: 3262

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

Quote from: sishendaoye on January 20, 2016, 09:25:03 AM

The most important thing that's stopping people from using bitcoin is what the media puts out about bitcoin. Whenever the media gets involved, it's always a negative thing what they say or write about bitcoin. This is not helping bitcoin at all.

I agree with you. It is the output of have they been telling people about bitcoin. And how it is used by different kinds if syndicate. But there will be a time that they wont even listen to them. Without trust with the government the media comes with that .We all now that those media are also controlled by the government.

nerFohanzo

hero member

Activity: 631

Merit: 500

Quote from: sishendaoye on January 20, 2016, 09:25:03 AM

The most important thing that's stopping people from using bitcoin is what the media puts out about bitcoin. Whenever the media gets involved, it's always a negative thing what they say or write about bitcoin. This is not helping bitcoin at all.

That's correct media has played an very important role in spreading the negative publicity related to bitcoins and media has a great influence on the mindsets of the people they just get carried away with the news that is displayed my the media and also the government is not coming in the support of bitcoins, if bitcoin gets support from the government then it can be more popular.

sishendaoye

sr. member

Activity: 434

Merit: 250

The most important thing that's stopping people from using bitcoin is what the media puts out about bitcoin. Whenever the media gets involved, it's always a negative thing what they say or write about bitcoin. This is not helping bitcoin at all.

Premium Account Reseller

member

Activity: 62

Merit: 10

People dont know bitcoin and what it has to offer to them, governments know if bitcoins get well know they will loose a huge fee taken from banks,and well banks will close, only country of the governement should stay open, or do you guys think anyone like to pay a montly fee to the bank because you have an account there?

GannickusX

hero member

Activity: 490

Merit: 500

Quote from: Hellacopter on January 18, 2016, 10:22:16 AM

Quote from: GannickusX on January 18, 2016, 09:01:29 AM

I'm pretty sure one of the biggest problem is that is actually hard to buy bitcoins, for example with visa/mastercard, there are not many trusted websites that you can go and just buy bitcoins without first validating your account with id and bla bla. Localbitcoins is also a poor choice, again the same problems + insane prices compared to the market.

There is a lot of trusted exchange sites selling Bitcoin online like Localbitcoins, Coinbase, and so on.
But the problem this exchange sites don't offer their services worldwide usually and there is some payment methods (like Paypal for example) not available worldwide as well

What? I talked about localbitcoins, don't you read before posting? ''Localbitcoins is also a poor choice, again the same problems + insane prices compared to the market.'' You would pay way more for 1 bitcoin on localbitcoins than other exchanges. Don't you have to validate your account on coinbase first with credentials?

Topic: What's stopping people from using bitcoin? - page 129. (Read 202140 times)