i believe when people stop using bitcoin,they have two reason :
- they have rich enough,and dont care about other payment.
- they feel hard to get and use bitcoin on their place.
Topic: What's stopping people from using bitcoin? - page 145. (Read 202140 times)
Its the lack of knowledge about bitcoin which is preventing people from using it. Let the word spread .it does take time since its still a new technology,barely 5 years old. Let see the graph when internet came into existence,how long does it take to reach the masses. it took almost ten years to reach throughout the world and another ten years to reach the average joe. and so this is the time frame we have to keep in mind with a ten year halfing. will see the change in 2020 and u will definitely see the difference
Bitcoin is still very complicated to use for 99,9% of the people. Most users using Bitcoin are techy in any way.
Just need to explain what Bitcoin is to your grandmother and you will see why so many people stopping from using Bitcoin.
Just need to explain what Bitcoin is to your grandmother and you will see why so many people stopping from using Bitcoin.
We as investors like it but this volatility is not good for regular people. You can't tell this to regular Joe, he doesn't have the capacity. At this point we can't do anything but to wait for bigger audience and lower volatility. That doesn't happen overnight, we should wait. Maybe in 2020 we can see more than 10 million people who use Bitcoin. Right now only less than 5 million use it.
I think as a currency, it's horrible. Price stability is essential, otherwise you'll be facing wild swings in your spending power. Also, for micro payments, its not particularly advantageous over tradition bank systems. NFC Touch Pay systems have really made my life a-lot easier.
actually i prefer a price increase than a perfect stability, i would pay much less bitcoin for anything, so no price stability is not better than price increase it's only better than dumping, for obvious reason
Currencies should not float more than 20% of their price or else it is only a risk not a plan or strategy to invest in it.
Stability is the satisfaction and price increase is just hope/greed.
what i mean is that a steady increase is always the best thing, better stan having the prick stuck at the same value, and certainly better than a dump
Two things. It's very unstable which means for business that hold it from transactions it's risky. Still pretty complex to use different types of wallets etc.
But some big companies they earnings are holding in bitcoin because there is a future and maybe there will be good profit but not all do the same as these companies and yeah it is the unstable price.
Two things. It's very unstable which means for business that hold it from transactions it's risky. Still pretty complex to use different types of wallets etc.
I think as a currency, it's horrible. Price stability is essential, otherwise you'll be facing wild swings in your spending power. Also, for micro payments, its not particularly advantageous over tradition bank systems. NFC Touch Pay systems have really made my life a-lot easier.
actually i prefer a price increase than a perfect stability, i would pay much less bitcoin for anything, so no price stability is not better than price increase it's only better than dumping, for obvious reason
Currencies should not float more than 20% of their price or else it is only a risk not a plan or strategy to invest in it.
Stability is the satisfaction and price increase is just hope/greed.
so many reason, for example: they got bored , they think they dont need bitcoin anymore, they think that bitcoin dont have bright future (i believe bitcoin have bright future)
I think that is for the past users. Seeing how bitcoin drop made them dowm and got bored losing their invested money. But for new users like me. Seeing it grow makes me more excited.
I think as a currency, it's horrible. Price stability is essential, otherwise you'll be facing wild swings in your spending power. Also, for micro payments, its not particularly advantageous over tradition bank systems. NFC Touch Pay systems have really made my life a-lot easier.
actually i prefer a price increase than a perfect stability, i would pay much less bitcoin for anything, so no price stability is not better than price increase it's only better than dumping, for obvious reason
Knowledge and convenience are the reasons that people can not use bitcoin everywhere. There are a lot of businesses that would make out great with Bitcoin here in the USA. See the IRS has classified has classified Bitcoin as an asset. I am not completely knowledgeable on the IRS laws here in the USA yet, but this is a big help for Bitcoin. Once I do my research, I will clarify and publish.
I dont know much about IRS too but I will be following you in case you publish that it will a help for me too for greater knowledge about bicoin. Good luck with that my friend.
Knowledge and convenience are the reasons that people can not use bitcoin everywhere. There are a lot of businesses that would make out great with Bitcoin here in the USA. See the IRS has classified has classified Bitcoin as an asset. I am not completely knowledgeable on the IRS laws here in the USA yet, but this is a big help for Bitcoin. Once I do my research, I will clarify and publish.
So after reading this article and especially the ending:
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?
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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 think that the notion that bitcoin's value will gorw is stopping people from using. Why would I spend my bitcoins now, if its value will be higher next year. Thus i see many holding bitcoins, and spending fiat instead.
I think bitcoin is still a novelty thing so only people familiar with computers and the internet can operate with them. Probably next year with all the media interviews and articles it will get more and more mainstream.
It is still maybe confusing for some peope, doesn't have a time to learn about them even it is easy so they preffer national currency or whatever it is...
If we talk about my country Bosni and Herzegovina only small number of people accepting them cuz they think it is only a internet currency which is
If we talk about my country Bosni and Herzegovina only small number of people accepting them cuz they think it is only a internet currency which is
I think as a currency, it's horrible. Price stability is essential, otherwise you'll be facing wild swings in your spending power. Also, for micro payments, its not particularly advantageous over tradition bank systems. NFC Touch Pay systems have really made my life a-lot easier.
Today was/is good day for bitcoin as it has been rising good and if people are still hesitating then it is something else maybe trust.
Most people are reactionary, they will all jump onto bitcoin but only when it is too late. Look at any state that goes into hyperinflation, by the time they want to get things like gold it is way too late.
It's the same as safety. often an accident needs to happen before safety is considered even if it was obvious at the time that these safety features should have already been there.
It's the same as safety. often an accident needs to happen before safety is considered even if it was obvious at the time that these safety features should have already been there.
Bitcoin is openening several projects that will support and bring a bigger interest,the countries must readjust the way they act against bitcoins ,banning ,or blocking it,bitcoin is the future to protect our own savings better then bank or any kind of project.
I think part of the prevention is the buying process. It is not simple enough for the everyday person. Technology still gives people troubles, and only the technologically advanced can purchase bitcoin.
People don't see a need to buy when they can buy anything they want with fiat, but if you get the Bitcoin directly by doing some activity you are way more prone to use it. For example if you get paid in a sig campaign, you are more prone to spend this money. If I didn't had Bitcoin, I would have to buy it, and I would hold it but not treat it as something I would use to buy something.
Yes, buying bitcoin and spedning it for some purpose would only happen once bitcoin prices get stable (and the time 99% of total bitcoins will be mined out). Till then people will find it too hard to spend bitcoin for lower value. Yes, bitcoin is in it's investment phase. So, hold it.
You may be right. For the real bitcoin believer, who can understand the up coming value of bitcoin's worth. it is too hard and never will decide to spend bitcoin now itself.
Those who do not understand bitcoin's future would be ready to spend bitcoin now itself for any profit from their purchase price.
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