What's stopping people from using bitcoin? - page 132.

HarHarHar9965

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Quote from: nizamcc on January 12, 2016, 10:35:51 AM

The liquidity of bitcoin is stopping many newbies to get into the markets to buy and invest.
They think this is just a scheme and nothing.

It must be lack of awareness about the bitcoin is problem to reach the people around the world. Atleast need the social media light on bitcoin to make it fame around the people. Else we have share to our known people. When we can.

danherbias07

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Quote from: HostSurf on January 12, 2016, 01:00:49 PM

People probably run scared because it is an internet thing. In a way it is understandable because a hacker can steal all your money in a matter of seconds.

That would be hard for a simple hacker to just hack bitcoin like that or that would be an idiot person who would tell his/her password. Maybe for some great hackers they can do it but not for everyone.

stromma44

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Quote from: jt byte on January 12, 2016, 01:08:33 PM

Quote from: Bitcoinbro on January 12, 2016, 11:39:44 AM

I think it's because they either heard something negative about bitcoin
or they find it hard to understand how bitcoin works and they would rather stick with whatever they are used to.

Yeah negative news but also fear. Since it's new and they don't understand it.
It's logical too. If you are an outside and think of machines making money you will laugh about it

Yeah and it is really difficult to change the mindset of people as people resist change, they are so used to fiat currency that they hesitate in learning something new things and they also don't have faith in crypto as they believe how you can make money out of a digital currency and that is the one of the reason people are not using bitcoins.

lahm-44

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You're asking a very complex question. This question can not be answered with a reason or two. There are many factors in play. Maybe Bitcoin is still too complex for some people. Besides, the majority are ignorant and closed-minded (change is hard to accept).
Current trend is still towards getting their stash and hoarding, so obviously you don't see people using it to buy any tangible items, which also mainly because there's not many of these shops around which will allow you to buy with bitcoin but not fiat. Getting paid in btc is also another reason as there is not many companies that are actually doing it.

nerFohanzo

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Quote from: jt byte on January 12, 2016, 01:08:33 PM

Quote from: Bitcoinbro on January 12, 2016, 11:39:44 AM

I think it's because they either heard something negative about bitcoin
or they find it hard to understand how bitcoin works and they would rather stick with whatever they are used to.

Yeah negative news but also fear. Since it's new and they don't understand it.
It's logical too. If you are an outside and think of machines making money you will laugh about it

That's true but sometime I feel that we are also responsible for stopping people from using or earning bitcoins as we don't want that everyone around us should start earning bitcoins and should know about bitcoins, we don't introduce them to bitcoins in a proper way, may be our selfish nature or whatever it may be, on one hand we say that more and more people should get into bitcoins and on other hand we don't want that should be aware what we are earning.

jt byte

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Quote from: Bitcoinbro on January 12, 2016, 11:39:44 AM

I think it's because they either heard something negative about bitcoin
or they find it hard to understand how bitcoin works and they would rather stick with whatever they are used to.

Yeah negative news but also fear. Since it's new and they don't understand it.
It's logical too. If you are an outside and think of machines making money you will laugh about it

HostSurf

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People probably run scared because it is an internet thing. In a way it is understandable because a hacker can steal all your money in a matter of seconds.

Bitcoinbro

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I think it's because they either heard something negative about bitcoin
or they find it hard to understand how bitcoin works and they would rather stick with whatever they are used to.

newcoins1978

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Quote from: sishendaoye on January 12, 2016, 11:15:44 AM

Quote from: nizamcc on January 12, 2016, 10:35:51 AM

The liquidity of bitcoin is stopping many newbies to get into the markets to buy and invest.
They think this is just a scheme and nothing.

The media isn't helping with this either. The only thing about bitcoin that I have seen so far on television was all negative.
Where they were telling some story that bitcoin was being used for illegal activities such as using it to launder money.

That's true
That's pretty much all I've heard in the media and such
There's never a positive thing that you hear about bitcoin without looking it up yourself.

ATguy

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Quote from: nizamcc on January 12, 2016, 10:35:51 AM

The liquidity of bitcoin is stopping many newbies to get into the markets to buy and invest.

Bitcoin has generally low liquidity because not enought traders, especially LocalBitcoins with such high spreads. Pain to buy especially in high amounts, but good profit for traders especially on high spreads like on LocalBitcoins.

sishendaoye

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Quote from: nizamcc on January 12, 2016, 10:35:51 AM

The liquidity of bitcoin is stopping many newbies to get into the markets to buy and invest.
They think this is just a scheme and nothing.

The media isn't helping with this either. The only thing about bitcoin that I have seen so far on television was all negative.
Where they were telling some story that bitcoin was being used for illegal activities such as using it to launder money.

Amph

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Quote from: nizamcc on January 12, 2016, 10:35:51 AM

The liquidity of bitcoin is stopping many newbies to get into the markets to buy and invest.
They think this is just a scheme and nothing.

well then it's their mentality not the liquidity, bitcoin is there is well known already but simply the majority refuse to use it, for whatever reason

to problem clearl lie in their mentality nothing else, when something is new there is a certain fear, before it is embraced globally

nizamcc

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The liquidity of bitcoin is stopping many newbies to get into the markets to buy and invest.
They think this is just a scheme and nothing.

LuckyYOU

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Quote from: Altynbekova on January 12, 2016, 10:18:27 AM

Quote from: LuckyYOU on January 12, 2016, 10:02:50 AM

Quote from: gkv9 on January 11, 2016, 07:38:41 AM

Quote from: jethrorn99 on January 11, 2016, 06:49:35 AM

2) People tend to find using bitcoin harder than using fiats.

Can you please let me know how using Bitcoin is harder than fiat???
In fact, there are many apps that are being developed even for fiat currencies nowadays in regards to Bitcoins which are easy to use and sent in one go...
Also, you can do everything anonymously without leaking any of your information to anyone...

I don't think using bitcoin is hard, but I can see why some people find it difficult to understand
how bitcoin works exactly.
It's something they can't see and can't physically are able to hold.
It just takes time for people to used to bitcoin really.

Some people are to busy for knowing and using bitcoins is just difficult when you have a job and don't have a lot of free time.
At least is just fun to use aside when you have time with it you can actually earn a couple of bucks.

It's not really that hard to get into.
Using your job as an excuse is just silly.
Loads of people out here got a regular job besides bitcoin
How else would they buy and invest into bitcoin without a job?

praprata

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People don't want new things that is the old ones. Is better to tell the young one those are more curious to earn money. And with that we can say that later more and more people will use it.

The problem is that there is no way knowing bitcoin if there is no news about it. I just knew bitcoin thru a friend of mine.

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Quote from: LuckyYOU on January 12, 2016, 10:02:50 AM

Quote from: gkv9 on January 11, 2016, 07:38:41 AM

Quote from: jethrorn99 on January 11, 2016, 06:49:35 AM

2) People tend to find using bitcoin harder than using fiats.

Can you please let me know how using Bitcoin is harder than fiat???
In fact, there are many apps that are being developed even for fiat currencies nowadays in regards to Bitcoins which are easy to use and sent in one go...
Also, you can do everything anonymously without leaking any of your information to anyone...

I don't think using bitcoin is hard, but I can see why some people find it difficult to understand
how bitcoin works exactly.
It's something they can't see and can't physically are able to hold.
It just takes time for people to used to bitcoin really.

Some people are to busy for knowing and using bitcoins is just difficult when you have a job and don't have a lot of free time.
At least is just fun to use aside when you have time with it you can actually earn a couple of bucks.

LuckyYOU

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Quote from: gkv9 on January 11, 2016, 07:38:41 AM

Quote from: jethrorn99 on January 11, 2016, 06:49:35 AM

2) People tend to find using bitcoin harder than using fiats.

Can you please let me know how using Bitcoin is harder than fiat???
In fact, there are many apps that are being developed even for fiat currencies nowadays in regards to Bitcoins which are easy to use and sent in one go...
Also, you can do everything anonymously without leaking any of your information to anyone...

I don't think using bitcoin is hard, but I can see why some people find it difficult to understand
how bitcoin works exactly.
It's something they can't see and can't physically are able to hold.
It just takes time for people to used to bitcoin really.

blunderer

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Quote from: owm123 on January 11, 2016, 02:08:19 AM

Quote from: lottery248 on January 11, 2016, 01:48:01 AM

it is ponzi matter.
people starts to stop believing bitcoin because they were scammed via bitcoin which could be easily prevented. Huh

if you are smart enough then you are safe from them.

Ppl are being scammed for fiat as well all the time. Its not like bitcoin is an exception from scammers.

Right. Roughly the same number of people are getting scammed in fiat & bitcoin.
Caveats:
-Roughly 7 BILLION more people use fiat.
-When they get scammed while using CC, they can charge back.

goinmerry

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Quote from: jethrorn99 on January 11, 2016, 06:49:35 AM

1) There's a lot of people out there that doesn't know bitcoin, soo the information about bitcoin is lacking.

2) People tend to find using bitcoin harder than using fiats.

3) Fiats is still commonly used everywhere than bitcoin, people tend to use the common one rather than the one that's less used.

Number 1 is entirely correct. number 2 is like the continuation of number 1. And lastly for number 3 correct also. People tend to use what they have physically. They dont want something that they cant hold on to.

tertius993

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Quote from: gkv9 on January 11, 2016, 07:38:41 AM

Quote from: jethrorn99 on January 11, 2016, 06:49:35 AM

2) People tend to find using bitcoin harder than using fiats.

Can you please let me know how using Bitcoin is harder than fiat???
In fact, there are many apps that are being developed even for fiat currencies nowadays in regards to Bitcoins which are easy to use and sent in one go...
Also, you can do everything anonymously without leaking any of your information to anyone...

Do you really need to ask? Because 999 out of every 1000 people don't have any Bitcoin, so to use Bitcoin they first have to acquire some.

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