What's stopping people from using bitcoin? - page 153.

newbitcoins

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Quote from: n691309 on November 14, 2015, 06:24:32 AM

The last pump of the price was a good chance for new people to use bitcoin, but now that the price is much more down this makes people to think to quit, sadly.

The price is up or down all the time. Some people will buy, some will sell. There is no difference. The most important is the adoption of the bitcoin.

fricircled

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When the price rises, the value of my coins is higher, I will use bitcoin to buy things. Otherwise, I will buy more coins.

n691309

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The last pump of the price was a good chance for new people to use bitcoin, but now that the price is much more down this makes people to think to quit, sadly.

knowhow

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People dont know bitcoin and what it has to offer to them,governments know if bitcoins get well know they will loose a huge fee taken from banks,and well banks will close,only country of the governement should stay open,or do you guys think anyone like to pay a montly fee to the bank because you have an account there ?

Bitcoin is safe and secure more then banks or others companies,but that is what miners do for us now protection ,the question will be when the btc mining be over what will be done to keep bitcoin safe?

Light

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Circa 2010

Quote from: RealBitcoin on November 14, 2015, 05:01:01 AM

Lack of security? Bitcoin is perfectly secure, more secure than bank accounts.

Of course if the user is newbie and he himself cant keep his PC secure, thats another problem, but that's not bitcoin's fault.

Just like if you fall down the stairs, it's not the stairs fault.

Not sure about the bank accounts part - depending on where you are banks can be stable or even backed by the government (i.e. Australia during the GFC) which makes them extremely safe unless the government itself becomes broke.

As to security - I feel that people find it too difficult/too much effort to learn how to keep their Bitcoin safely (take for example the people who just use insecure passwords which have lead to numerous hacks).

RealBitcoin

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Quote from: Bud Spencer on November 12, 2015, 03:03:38 AM

Its probably the lack of security and the narrow selection of where you can use it.

It will probably expand, but after some time

Lack of security? Bitcoin is perfectly secure, more secure than bank accounts.

Of course if the user is newbie and he himself cant keep his PC secure, thats another problem, but that's not bitcoin's fault.

Just like if you fall down the stairs, it's not the stairs fault.

danherbias07

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Quote from: DashCoinDark on November 12, 2015, 03:48:56 AM

some people are afraid of the adjustment of the bitcoin

some people are not even use to using a pc in their everyday life

I guess it really just depends on the person and if they know about the bitcoin then maybe they just don't believe in investing in it

Some still want it where they can have a real job. Like moving all their bodies. For me I still move my entire body I just use this for a side earning whenever I am free.

Yes and maybe some doesnt just want to sit in front of their personal computer for several hours.

lorylore

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it is not adjustment but bitcoin is not easy to enter and use it. first the ways to use btc is very limited. 2ndly, u need to research a lot a lot just how to save proof ur wallet etc. 3rd, spending/checking/getting/signing is all so new so you need to read a lot to make sure things r going right for u.

with so many things u need to do, why not just pay with ur cash in a local store. that is why people r reluctant to come in.

DashCoinDark

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some people are afraid of the adjustment of the bitcoin

some people are not even use to using a pc in their everyday life

I guess it really just depends on the person and if they know about the bitcoin then maybe they just don't believe in investing in it

Bud Spencer

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Its probably the lack of security and the narrow selection of where you can use it.

It will probably expand, but after some time

RealBitcoin

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I already have a thread discussing this, and showing my strategic observations:

https://bitcointalksearch.org/topic/delete-1171565

This is why bitcoin is not mainstream.

yenxz

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i think,the main reason is lack of knowledge..

danherbias07

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Quote from: tom555 on November 12, 2015, 12:55:30 AM

I believe the biggest reason besides lack of knowledge is fear, people are afraid of change, plus the fact that bitcoin are not physical unlike printed or minted currency. The average individual doesn't understand how digital currency works even though their own governmental currency is basically digital. The tangible will overshadow the intangible even if it is just an illusion.

Having something to hold on to is a big deal for a person now. Just like a pawnshop. It is really hard for them if it is just like a money in the air or internet. They want something and it is always a thing that can be touched or felt.

tom555

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I believe the biggest reason besides lack of knowledge is fear, people are afraid of change, plus the fact that bitcoin are not physical unlike printed or minted currency. The average individual doesn't understand how digital currency works even though their own governmental currency is basically digital. The tangible will overshadow the intangible even if it is just an illusion.

CoinSkipper

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The thing that's stopping most from using Bitcoin is the memory of what happened with Mt Gox. This has left the impression that BTC is a ponzi, or a scam. I've asked a few friends about this, and they all either don't know what Bitcoin is, or they say it's really sus. I've gotten a few into bitcoin, lets hope we all can, and help the bitcoin community.

knowhow

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The big fact is countries are trying to block it ,connected to black market ,when we all know that dollars or others are on those market on the last years,and well people keep buying holding it .The volatility of it may scare people ,if it were a value fixed we would see maybe it bigger ,but where to spend ,did you got an discount paying with it?

bieberluvr

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Convenience. It's inconvenient to get them and there aren't many places to use them. If BTC debit cards ever become mainstream, more people might be persuaded to buy in. Or more BTC Atms might entice people to check it out...

xdrpx

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Possible reasons I believe from my point of view and locality would include:

1) Possible places to spend the Bitcoins - There are almost negligible brick and mortar merchants in the place where I live that accept Bitcoins. This could be because they're not aware of it, or probably because they're afraid to risk its volatility, although Bitcoin might be quite stable these days, but at times it does tend to dump or rise the roller-coaster.

2) Ease of purchase - I honestly find it difficult to buy Bitcoins easily. I prefer paying using Debit cards, but I haven't found a single exchange where I live that supports it.

3) Tax concerns - There's not much clarity on whether it can be taxed, and probably people might fear if they're earning Bitcoins and not paying their taxes. I don't have much clarity on this either, so I'm honestly not sure. Probably if someone could explain how Bitcoin is treated in various countries whether as a commodity or currency, it'd be easier to trace if it can be taxed and to what extent.

Hellacopter

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I think nowadays as Bitcoin's price is up that's will encourage more people to use bitcoin more and to make their trades with bitcoins as well
and i guess the next halving will increase even more the bitcoin's price so it's not bad method to encourage more ppl to use bitcoin

danherbias07

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Quote from: Blawpaw on November 11, 2015, 08:23:49 AM

I guess that today what is still stopping people from using Bitcoin is that they don't really understand how it works. Besides, there is still the shadow of criminality related to the digital currency and so people are still afraid of using it.

Yes that dark side of bitcoin should be faded away by good examples and good things that will happen with the help of bitcoin. Bitgive is now trying to do that by helping people through the use of bitcoin and some contributions.

Topic: What's stopping people from using bitcoin? - page 153. (Read 202161 times)