What's stopping people from using bitcoin? - page 143.

dothebeats

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Cashback 15%

Quote from: kyrios_ on December 19, 2015, 12:46:16 PM

Quote from: orryde on December 19, 2015, 09:20:42 AM

Quote from: Luqman on December 18, 2015, 08:53:55 PM

When bitcoin become worthless, then people will starting leave bitcoin for sure, But I am pretty sure this will not happen cause bitcoin will be the future of money..

Except this will never happen, because the Bitcoin market is too large for something like this to happen. A market this large simply CANNOT go to $0.

the market is u forgiving. anything can happen honestly

Agreed, if bitcoin's price from 0 to a thousand dollars is possible, such a journey downwards is also possible though highly improbable at this point in time. Maybe after some kind of catastrophe or some vulnerability in bitcoin is found and is already exploited, chances are this could lead to the massive decline in price with the possibility of bitcoin becoming worthless, again.

knowhow

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Rumors always affect bitcoin value that happen last month when some exchange werent processing something i dont remember the problem and price went from 300 to 180 dollars in a flash moments,then to recover hell it took sometime,soo say that is impossible bitcoin being worth 0 dollars is insane,if a problem ,that bitcoin should have one,and someone may find it,it can easy kill the altcoins,but i doubt can happen otherwise crypto world would die with bitcoin i doubt others altcoins can survive without the father or the king.People connect bitcoin as some scam attemp or black market currency.

kyrios_

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Quote from: orryde on December 19, 2015, 09:20:42 AM

Quote from: Luqman on December 18, 2015, 08:53:55 PM

When bitcoin become worthless, then people will starting leave bitcoin for sure, But I am pretty sure this will not happen cause bitcoin will be the future of money..

Except this will never happen, because the Bitcoin market is too large for something like this to happen. A market this large simply CANNOT go to $0.

the market is u forgiving. anything can happen honestly

Supercrypt

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Quote from: n2004al on December 19, 2015, 05:12:30 AM

Quote from: Luqman on December 18, 2015, 08:53:55 PM

When bitcoin become worthless, then people will starting leave bitcoin for sure, But I am pretty sure this will not happen cause bitcoin will be the future of money..

Sorry but you must decide if bitcoin will be worthless and the people will starting to leave it, or bitcoin will be the future of money. Cannot happen both of those as you predict in your post. And you cannot be "pretty sure" that something will not happen when you firstly (before) accept that this something will become true. So, you predict in the first part of your unique precious sentence of your post that bitcoin will become worthless and the people will start to leave it FOR SURE and then immediately are pretty sure that this will not happen because bitcoin will be the future of the money. With which part of yourself do you are? With the first half of yourself who write the first part of your sentence or with the second half of yourself (which, as I can see, is in an open war with the first one) who write the total opposite of the first one?

Well what’s making people not to accept Bitcoin is because they are afraid.
In their view bitcoin is not stable and it is highly "volatile currency”. The swinging price prevent many merchants as well users make to have second thoughts on accepting bitcoin. Only long term investors and technical people easily adopting bitcoin.

lixer

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Quote from: betohell on December 19, 2015, 11:14:02 AM

Quote from: orryde on December 19, 2015, 09:20:42 AM

Quote from: Luqman on December 18, 2015, 08:53:55 PM

When bitcoin become worthless, then people will starting leave bitcoin for sure, But I am pretty sure this will not happen cause bitcoin will be the future of money..

Except this will never happen, because the Bitcoin market is too large for something like this to happen. A market this large simply CANNOT go to $0.

yeah true now volume bitcoin so large. when prices begin to down. everyone will be interested to buy back. so there's no chance for bitcoin price to go down too long

Yes, bitcoin is becoming dominant, and lots of people accepting Bitcoin.
Some people are not accepting it as a currency or investment. They took wrong example from the past of $1200 to $200 which is the main reason for them not accepting bitcoin as a payment or investment.

betohell

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Quote from: orryde on December 19, 2015, 09:20:42 AM

Quote from: Luqman on December 18, 2015, 08:53:55 PM

When bitcoin become worthless, then people will starting leave bitcoin for sure, But I am pretty sure this will not happen cause bitcoin will be the future of money..

Except this will never happen, because the Bitcoin market is too large for something like this to happen. A market this large simply CANNOT go to $0.

yeah true now volume bitcoin so large. when prices begin to down. everyone will be interested to buy back. so there's no chance for bitcoin price to go down too long

orryde

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Quote from: Luqman on December 18, 2015, 08:53:55 PM

When bitcoin become worthless, then people will starting leave bitcoin for sure, But I am pretty sure this will not happen cause bitcoin will be the future of money..

Except this will never happen, because the Bitcoin market is too large for something like this to happen. A market this large simply CANNOT go to $0.

n2004al

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Quote from: Luqman on December 18, 2015, 08:53:55 PM

When bitcoin become worthless, then people will starting leave bitcoin for sure, But I am pretty sure this will not happen cause bitcoin will be the future of money..

Sorry but you must decide if bitcoin will be worthless and the people will starting to leave it, or bitcoin will be the future of money. Cannot happen both of those as you predict in your post. And you cannot be "pretty sure" that something will not happen when you firstly (before) accept that this something will become true. So, you predict in the first part of your unique precious sentence of your post that bitcoin will become worthless and the people will start to leave it FOR SURE and then immediately are pretty sure that this will not happen because bitcoin will be the future of the money. With which part of yourself do you are? With the first half of yourself who write the first part of your sentence or with the second half of yourself (which, as I can see, is in an open war with the first one) who write the total opposite of the first one?

ajun96

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Quote from: Luqman on December 18, 2015, 08:53:55 PM

When bitcoin become worthless, then people will starting leave bitcoin for sure, But I am pretty sure this will not happen cause bitcoin will be the future of money..

all could happen dude, bitcoin will be useless when gold bitcoin price plummeted, when everyone sell all their bitcoin
and the price of bitcoin will fall, people will not wear it again

Luqman

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When bitcoin become worthless, then people will starting leave bitcoin for sure, But I am pretty sure this will not happen cause bitcoin will be the future of money..

betohell

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if the features of the bitcoin begin to disappear as fast transactions and there are no administrative costs,
now to get 1 transaction confirmation takes quite a long time. if you want to quick you have to pay more for administrative costs. I think it would make people stopping from using bitcoin?

richardsNY

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Quote from: Newcoins2020 on December 18, 2015, 10:10:19 AM

I almost stop using bitcoins when the price was not looking good that is one of the reason. People don't use bitcoin, because they are old. Some of them don't use it, because they are not sure if it is stable. I tell to them is not going to be stable any sooner is good that is so that when you buy low price of bitcoin you can earn a lot later. The another thing that people is stopping of using it is that they just have to much experience with fiat money and they don't want something new.

Just because the price was probably not as high as you were hoping isn't a reason not to use Bitcoin. And what is 'using' Bitcoin for you? Using it as currency? Using it as an investment?

topiOleg

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Quote from: Your Point Is Invalid on December 18, 2015, 09:55:14 AM

People cannot be bothered with using bitcoin, lets look at one aspect, wallets, using bitcoin core is probably the safest but it takes up a tonne of space on your hard drive, and then there are online wallets like blockchain.info which just cannot be trusted, its too much work for someone who isnt heavily invested, also price fluctuates alot

blockchain.info is not just online wallet, you have the private key, blockchain.info does not. But wallets are as secure as is your computer, which is not much because of security holes in operating systems, mostly Windows.

The future is in hardware wallets, cheap and secure solution, but not there yet especially the price of today hardware wallets is not cheap.

Newcoins2020

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I almost stop using bitcoins when the price was not looking good that is one of the reason. People don't use bitcoin, because they are old. Some of them don't use it, because they are not sure if it is stable. I tell to them is not going to be stable any sooner is good that is so that when you buy low price of bitcoin you can earn a lot later. The another thing that people is stopping of using it is that they just have to much experience with fiat money and they don't want something new.

Your Point Is Invalid

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People cannot be bothered with using bitcoin, lets look at one aspect, wallets, using bitcoin core is probably the safest but it takes up a tonne of space on your hard drive, and then there are online wallets like blockchain.info which just cannot be trusted, its too much work for someone who isnt heavily invested, also price fluctuates alot

RodeoX

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The revolution will be monetized!

Nothing is stopping me. Huh

The war is over and we won. I don't care why other people are missing out.

knightkon

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Quote from: znickelbackz on December 17, 2015, 12:53:51 AM

The internet itself was distrusted for several years before its use took off and exploded to where 80% of the world is connected to the net. Bitcoin will take off in a similar matter

With the internet, email made the common everyday man begin to understand it's potential. Because email virtually promoted itself... In all the schools, and offices world wide people were talking about this free method of communication and before too long the whole world wanted in.

I agree with this that the internet started int he same way and I also think that bitcoin will grow like this. I do not think it will get as huge as the internet, but I would guess it will soon be as popular as Facebook and such.

ultimatesky

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SkyFall

I think some are just scared because it's not mainstream, if they run into issues, they can't just make a report and say that their paper wallet has been stolen.
I'm hoping for this to change and that more people will adapt to bitcoin next year.

coinplus

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Quote from: blackmachinegun on December 18, 2015, 08:54:25 AM

Quote from: cluit on December 18, 2015, 01:14:13 AM

Another problem is that Bitcoin is not like other payment processors, where you will need just your email to receive payments, but with bitcoin, you will have to make use of some codes, which is, if you make a single mistake, you send it to the wrong address, but with sites like Xapo, you will have to make use of emails like you will do with PayPal and the rest of them.

I think it includes the risk of the use of the wallet, you have to be smarter in using, and you can also use xapo for your wallet

Yes Xapo simply uses email for sending or receiving payments similar to some online payment processors. Xapo's this way of payment processing would help some people feel comfort on regular payment routines to avoid any error on selecting payee payment address.

blackmachinegun

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Quote from: cluit on December 18, 2015, 01:14:13 AM

Another problem is that Bitcoin is not like other payment processors, where you will need just your email to receive payments, but with bitcoin, you will have to make use of some codes, which is, if you make a single mistake, you send it to the wrong address, but with sites like Xapo, you will have to make use of emails like you will do with PayPal and the rest of them.

I think it includes the risk of the use of the wallet, you have to be smarter in using, and you can also use xapo for your wallet

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