What's stopping people from using bitcoin? - page 138.

Newcoins2020

sr. member

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Quote from: Altynbekova on December 28, 2015, 02:24:46 PM

For the most of them bitcoin is too new and to hot.
They don't understand it, and lack interest or time to research it.
In time they will hear more and more about bitcoin and it will come out of themself.

You are right on this. Bitcoin is something you have to spend time before you can understand.
For me it was the same reason for not using it. It seemed to complex for me.

Altynbekova

sr. member

Activity: 476

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For the most of them bitcoin is too new and to hot.
They don't understand it, and lack interest or time to research it.
In time they will hear more and more about bitcoin and it will come out of themself.

manselr

legendary

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It's still a really step curve of learning how to get involved, and the fact that Bitcoin challenges teh notion of what money is is very mind blogging for the average person

knowhow

hero member

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One thing is sure bankers are making more money with our savings or investments,bitcoin returns those power to people again ,soo bankers will have to think about their comissions.

goinmerry

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Quote from: baazju on December 26, 2015, 05:39:34 PM

Quote from: coindoubling on December 26, 2015, 03:32:52 AM

that point that bitcoin could be just like any regular bank.

I hope it is never like a regular bank Tongue

Keep the power in the hands of the people. Although instead we need to watch for large mining pools.

I hope so too. I dont want it to become one of the colonized currency of the government. I want my own bank. I dont want them using my money and making their own ass rich for investments while we are the one who are the owners of that money and just a little percent is what we are getting from them.

baazju

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Quote from: coindoubling on December 26, 2015, 03:32:52 AM

that point that bitcoin could be just like any regular bank.

I hope it is never like a regular bank Tongue

Keep the power in the hands of the people. Although instead we need to watch for large mining pools.

coindoubling

newbie

Activity: 14

Merit: 0

People just don't know it yet.
It's around for small period of time only.
So give people the time to get to know it, it might be year, two or three, but we will come to
that point that bitcoin could be just like any regular bank.

kyrios_

full member

Activity: 210

Merit: 100

Quote from: greBit on December 25, 2015, 03:50:26 PM

Quote from: Kevin77 on December 25, 2015, 02:09:08 AM

Quote from: langedwig on December 25, 2015, 01:06:29 AM

Because of its anonymity people mostly donot use bitcoin.
Bitcoin transactiins cannot be traced so if scammed no one can help.
So most people donot use it

I guess you're talking about the reverse consequence of bitcoin payment system.
But here many people are looking for payment system like a human right without any involvement from government law.
Without believing into government or the central bank we can store our wealth into bitcoin.

Lack of awareness is the only stopping point in my perspective.

Exactly right it's just lack of awareness and exposure which is stopping people from using Bitcoin hence BTC should come up with some sort of exhibition or some conference to create awareness because Bitcoin is something which most of people are looking for I mean the model and kind of thing.

I think a lot of people are aware of Bitcoin. so many scams and the 2013 bubble, Bitcoin is featured heavily in the news. I think lack of understanding is the biggest factor

greBit

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Quote from: Kevin77 on December 25, 2015, 02:09:08 AM

Quote from: langedwig on December 25, 2015, 01:06:29 AM

Because of its anonymity people mostly donot use bitcoin.
Bitcoin transactiins cannot be traced so if scammed no one can help.
So most people donot use it

I guess you're talking about the reverse consequence of bitcoin payment system.
But here many people are looking for payment system like a human right without any involvement from government law.
Without believing into government or the central bank we can store our wealth into bitcoin.

Lack of awareness is the only stopping point in my perspective.

Exactly right it's just lack of awareness and exposure which is stopping people from using Bitcoin hence BTC should come up with some sort of exhibition or some conference to create awareness because Bitcoin is something which most of people are looking for I mean the model and kind of thing.

RealBitcoin

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JAYCE DESIGNS - http://bit.ly/1tmgIwK

Quote from: ?? on ??

they think it's gonna fall down..

The 400$ is now held for a few months, i can already see it stabilize.

I already put out a theory where bitcoin's value is way past it's price and the price grows slower than the value therefor the price is really cheap now.

Imagine when it gets to 20,000$, how would you feel about a 400$ price? It would be super cheap. So people dont see the perspective.

knowhow

hero member

Activity: 560

Merit: 500

Well there are milions invested behing the bitcoin ,with the big farmers,bitcoins is worth biliions soo they saying that bitcoin will colapse makes no sense since there is a huge investment inside it ,that make bitcoin being alive,sure price may return the 200 dollars but well even that worth still make bitcoin being bitcoin,when the most of us are expecting an exponencial gain of value over the years.

target

legendary

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Merit: 1041

Quote from: ?? on ??

they think it's gonna fall down..

I've read on other forums people are discussing about it and says bitcoin is not safe and that it will collapse sooner.
the forum is a webmaster forum and i can't believe non of the mare educated about btc, they were not reading much about bitcoin when they were all online for hours and hours a day.

topiOleg

full member

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Merit: 100

Not everyone needs to use Bitcoin, either you have some use for Bitcoin (buying Bitcoin only available products, investing or safe storage of wealth) or you simply dont.

Kevin77

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Quote from: langedwig on December 25, 2015, 01:06:29 AM

Because of its anonymity people mostly donot use bitcoin.
Bitcoin transactiins cannot be traced so if scammed no one can help.
So most people donot use it

I guess you're talking about the reverse consequence of bitcoin payment system.
But here many people are looking for payment system like a human right without any involvement from government law.
Without believing into government or the central bank we can store our wealth into bitcoin.

Lack of awareness is the only stopping point in my perspective.

langedwig

full member

Activity: 238

Merit: 100

Because of its anonymity people mostly donot use bitcoin.
Bitcoin transactiins cannot be traced so if scammed no one can help.
So most people donot use it

kyrios_

full member

Activity: 210

Merit: 100

I think it's the lack of understand of how this works. this leads to trust issues and hence low adoption

number2

member

Activity: 63

Merit: 10

Fear is the biggest contributor in my opinion. People fear what is new and what they do not know. Bitcoin is the future for a lot and this is the wave that they need to get on and ride up. There is a lot of potential when it comes to Bitcoin and those who do not want to try it are going to be left in the dust. I plan on being one of the ones who make their first million with Bitcoin.

vilain

full member

Activity: 126

Merit: 100

Quote from: sukamasoto on December 23, 2015, 07:01:39 PM

I think the lack of acknowledgement about bitcoin, most of them answer they are afraid of the wallet security is not secured enough and then because bitcoin still through process of adaptian so untill now not many stores accept bitcoin, so they feel kind of useless collecting bitcoin but cant spend on what they want

It's mostly knowledge. People in general have a hard time understanding the basics of economics. When you tell them there's a currency based on virtual coins, they just don't get the point, where the value is.

knowhow

hero member

Activity: 560

Merit: 500

There are several people that buy online ,anything online,these people dont buy at any store even when the price may be 100 dollars difference,the question is because they know and trust the company ,soo a new company must conquer the trust before be able to enter the market,with bitcoin is the same,bitcoin has no trust and well no refund if an adress is typed wrong.

ausbit

legendary

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Merit: 1019

Quote from: dhimasnk on December 22, 2015, 01:07:57 AM

Maybe when bitcoin prices plummeted, people became afraid

Actually this is not the reason. This is totally depends about the trust required to maintain any Kind of transactions. There are some people still doesn't know and doesn't believe totally in Bitcoins. We need to promote it.

Topic: What's stopping people from using bitcoin? - page 138. (Read 202161 times)