Topic: What's stopping people from using bitcoin? - page 15. (Read 202172 times)
FOR ME I think whay people stops the most is that there is no perceived value into switching to bitcoin dven though more and more e-commerce sites are accepting it, the reason people having doubt about bitcoin is its instability, right now bitcoin is able to compete side by side with fiat for some people don't like new things like bitcoin is a new type thing to buy and sell
I would say it just because of the government and their rules they made for using it. The fear the to going over the rules stops people using the btc. I dont thing any other reason would stop people to use.
That can be one reason and other reason could be that they have fear of loosing their money in it, as many people feel that bitcoin is an scam and will not survive in long term.
I think these companies do not use bitcoins because they do not see any special need to do so, some bitcoin exchanges have fees as high as 20% - this is higher than a simple bank transfer.
They might also have this nagging fear that bitcoins might collapse one day like some of the other cryptocurrencies have done in time past.
They might also have this nagging fear that bitcoins might collapse one day like some of the other cryptocurrencies have done in time past.
Fear of bitcoin collapsing is a fear we all had once, I know I did.
But seeing the market cap back at 10 Billion my faith is strong, much stronger then when I "started" with bitcoin
Yeah and I think we should tell the same people around us who are hesitating in investing their money in bitcoin as they feel that bitcoin will die very soon.
I think these companies do not use bitcoins because they do not see any special need to do so, some bitcoin exchanges have fees as high as 20% - this is higher than a simple bank transfer.
They might also have this nagging fear that bitcoins might collapse one day like some of the other cryptocurrencies have done in time past.
They might also have this nagging fear that bitcoins might collapse one day like some of the other cryptocurrencies have done in time past.
Fear of bitcoin collapsing is a fear we all had once, I know I did.
But seeing the market cap back at 10 Billion my faith is strong, much stronger then when I "started" with bitcoin
I dont care if bitcoin loose or gets value from one day to other as long as dont loose the base of 600dollars im happy.
I think these companies do not use bitcoins because they do not see any special need to do so, some bitcoin exchanges have fees as high as 20% - this is higher than a simple bank transfer.
They might also have this nagging fear that bitcoins might collapse one day like some of the other cryptocurrencies have done in time past.
They might also have this nagging fear that bitcoins might collapse one day like some of the other cryptocurrencies have done in time past.
Fear of bitcoin collapsing is a fear we all had once, I know I did.
But seeing the market cap back at 10 Billion my faith is strong, much stronger then when I "started" with bitcoin
I think these companies do not use bitcoins because they do not see any special need to do so, some bitcoin exchanges have fees as high as 20% - this is higher than a simple bank transfer.
They might also have this nagging fear that bitcoins might collapse one day like some of the other cryptocurrencies have done in time past.
They might also have this nagging fear that bitcoins might collapse one day like some of the other cryptocurrencies have done in time past.
I would say it just because of the government and their rules they made for using it. The fear the to going over the rules stops people using the btc. I dont thing any other reason would stop people to use.
I don't believe. BTC is traceless so if ever people like to use it, they can use it. No problems too when converting to fiat since they can find a way to deal with that transaction.
There are country that bitcoin is banned but if you will take a close look, there are still some using it since they really love using bitcoin.
I would say it just because of the government and their rules they made for using it. The fear the to going over the rules stops people using the btc. I dont thing any other reason would stop people to use.
That can be one reason and other reason could be that they have fear of loosing their money in it, as many people feel that bitcoin is an scam and will not survive in long term.
I would say it just because of the government and their rules they made for using it. The fear the to going over the rules stops people using the btc. I dont thing any other reason would stop people to use.
For people, it means choosing between a form of money that they've been familiar with for a long time and something that is new. Also, knowledge about bitcoin is not enough. Because, if they don't fully understand what bitcoin is, and its potential and advantages, they really won't be interested in using it.
To make bitcoin more secure and accessible, new features and services are being developed. Improvements in these areas will make people more comfortable using bitcoin.
To make bitcoin more secure and accessible, new features and services are being developed. Improvements in these areas will make people more comfortable using bitcoin.
Some people are just skeptical about Bitcoin and they think of it as magical Internet money and hesitate to try it out. Bitcoin is still not mainstream to warrant a more widespread adoption.
I just wanted to do the Real Thing. Paying by CC is paying by CC.
But to fund it you didn't put cash on it, instead of that you loaded your bitcoin debit card with bitcoin which i doubt anyone would ever think about this.P.S I was thinking that people have stopped using bitcoin maybe because of the holidays time this month until September or so.
There are many companies that offer bitcoin debit cards but first, you should check:
- Are they able to send you the bitcoin card in your country because not ships worldwide
- Then you should check for the fees, most of them have different fees.
- Withdrawal limit, some have low amounts some high depending if you are using as anonymous or as verified user.
As bitcoin is completely anonymous and decentralized more users think that bitcoin is used for illegal activities. On this basis people avoid it and stand away from it, though it has highest price than any other currency that have existed.
Every currency is used for both legal and illegal purposes. It depend on the activity and the people. At times for legal works, money is used for illegal purposes. It does not require government's authority. It does not happen only with BTC.I believe is that lack of places to spend bitcoin, In my country i can hardly buy anything from bitcoin, mostly i can just store and exchange and nothing beyond that. If i could live without fiat i would do that, but only thing stopping me from using it is unavailability to spend. I blame this on media and governments. From media we get that everything can be hacked, and we all know the governments part.
I don't think that people are not using bitcoin for the reason that they cannot spend it, as they can sell it and convert it to fiat anytime they want.
As bitcoin is completely anonymous and decentralized more users think that bitcoin is used for illegal activities. On this basis people avoid it and stand away from it, though it has highest price than any other currency that have existed.
Every currency is used for both legal and illegal purposes. It depend on the activity and the people. At times for legal works, money is used for illegal purposes. It does not require government's authority. It does not happen only with BTC.I believe is that lack of places to spend bitcoin, In my country i can hardly buy anything from bitcoin, mostly i can just store and exchange and nothing beyond that. If i could live without fiat i would do that, but only thing stopping me from using it is unavailability to spend. I blame this on media and governments. From media we get that everything can be hacked, and we all know the governments part.
Lack of knowledge is an major issue here, as if person is not aware about it then we cannot expect that they will start using bitcoins as its new to them and they have fear of loosing their money.
Unless people have come across certain rules and regulations on using the btc by the government, people would use the btc. People love to use the btc for many things. It is just the fear that is stopping people to use the btc.
It's fear that's stopping people from using Bitcoin? People should be fearing the constantly decreasing fiat value. Their wealth is becoming lower and lower even though the amount of money that they have stored is the same. People should be glad to have an option as Bitcoin to store their money in.
Maybe some people just do not believe in the future and do not think that they are going to see as much profit as they can. I am not going to stop using Bitcoin because for me it has become a part of my soul.
More do not see the benefits of holding it or saving them for a long time. Once the btc is saved and exchanged when the price goes high, they will see a good profit out of what they have saved. It is always welcomed to wait for a profit gain. As bitcoin is completely anonymous and decentralized more users think that bitcoin is used for illegal activities. On this basis people avoid it and stand away from it, though it has highest price than any other currency that have existed.
Every currency is used for both legal and illegal purposes. It depend on the activity and the people. At times for legal works, money is used for illegal purposes. It does not require government's authority. It does not happen only with BTC.You are right almost all of the currencies are used for legal and illegal activities including bitcoin, but people are blaming bitcoin more because they are of the view that bitcoin transaction is anonymous and with that the criminals do their crimes to buy drugs and weapons while hiding their identity.
I think people just don't see it as an actual currency. Also it goes up and down in price all the time. Few shops will honor the payment when they see the transaction on the blockchain (within seconds) but for larger purchases retailer needs 3+ confirmation which sometimes ends up being an hour.
Yes, the main price of the Bitcoin is stopping people from using Bitcoin. This will fluctuate daily, and we don't know when it will go down. And one more thing our country government is not accepting Bitcoin as a legal currency. So is govt accept Bitcoin as a legal currency then no one can stop people from using Bitcoin.
Unless people have come across certain rules and regulations on using the btc by the government, people would use the btc. People love to use the btc for many things. It is just the fear that is stopping people to use the btc.
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