Topic: What's stopping people from using bitcoin? - page 160. (Read 202140 times)
In my opinion, may be because the price is fluctuated and the price can drop fast and up fast too
i think its price flctuations that do it
This is the major reason I would think as well.That and the barrier of not understanding what to do with it. But that is changing now with so much education information available in all forms of media.
Price fluctuations is the major reason why many people do not want to hold for long term which leads to immediate conversion into fiat resulting affecting business in bitcoins. Price fluctuation is the biggest strong point of bitcoin but in down trend it has turned as a problem.
i think its price flctuations that do it
This is the major reason I would think as well.That and the barrier of not understanding what to do with it. But that is changing now with so much education information available in all forms of media.
Ignorance. People do not know about bitcoin. If we promote bitcoin more, more people will realize the benefit of bitcoin and use it.
i think its price flctuations that do it
For many people it is still unknown, misterious and strange thing. Many of them, who have heard about it, still don't understand how to use it. I think it's the main reason. Many people are still afraid to buy via the Internet, so what can we say about Bitcoin. It is need time and more information have to be spread about Bitcoin
Unawareness.
It is simple; people don't know what is bitcoin is. So how can you use it, if you don't know that something like bitcoin exists?
We need promotion!
It is simple; people don't know what is bitcoin is. So how can you use it, if you don't know that something like bitcoin exists?
We need promotion!
The government.
I don't believe that governments are doing anything at the moment to stop people using bitcoins. Even the most strict governments as China and Russia still haven't done anything major that would cripple this technology.
Yes, everybody has issued warnings, etc, but this is nothing compared to what they can really do if they want to, the governments.
The problem lies with the people that use it and what they are using it for. If it is against their laws then of course they will come down on those individuals just not by the means on which they came to possess such things.
The government.
I don't believe that governments are doing anything at the moment to stop people using bitcoins. Even the most strict governments as China and Russia still haven't done anything major that would cripple this technology.
Yes, everybody has issued warnings, etc, but this is nothing compared to what they can really do if they want to, the governments.
For the tech savvy there are plenty of uses for it and it's use is easy.
There are a lot of companies accepting it and even the ones not using it, there are ways around for it's use.
I think there will always be fear associated with something new and being uninformed about.
It will take time for the other 95% of people to see it as another way of paying for goods and services and not a rival as the other companies see it now.
There are a lot of companies accepting it and even the ones not using it, there are ways around for it's use.
I think there will always be fear associated with something new and being uninformed about.
It will take time for the other 95% of people to see it as another way of paying for goods and services and not a rival as the other companies see it now.
FEAR.
on one hand there is the unstable price (especially looking at the history) going from <$1 to $1200 and then fall down to $200 in a couple of years and all the market manipulation.
on the other hand the media is terrorizing bitcoin by associating it with criminal activities and articles like master card saying it is not secure.
on top of all that, there is not enough use cases for bitcoin .
on one hand there is the unstable price (especially looking at the history) going from <$1 to $1200 and then fall down to $200 in a couple of years and all the market manipulation.
on the other hand the media is terrorizing bitcoin by associating it with criminal activities and articles like master card saying it is not secure.
on top of all that, there is not enough use cases for bitcoin .
The government.
uhm, that's what actually incite me to use bitcoin, because i want to get rids of their lazy ass-printed-inflated money
it has more to do with the fear of using an unregulated thing
The government.
I also think that somehow, governments will try to do everything so as to regulate bitcoin and stop it from becoming the standard currency that we *would* be using if in case the dollar falls so hard. But is it enough to stop bitcoiners in continuing this coin? No, I think not. It would require more than the governments to stop this revolution in an instant.
I think the people that are not using bitcoin are either don't know about btc or are too comfortable with current payment method to change. that's why bitcoin needs more adoption and media attention.
The government.
i believe that a lot of people are afraid of massive fluctuations that happen to bitcoin price and that its price might drop in the future
The stability of Bitcoin's price need some time to happen, but i think the price will increase to some level and then it will be stopped to some stable price in the near future
When the bitcoin is in every day use, the market capitalization will increase. The volatility will decrease as a result. So more people will use it.
Complexity, people's trust needs so much time, bitcoin's price's unstability.
Also there is no other local bank to adjust bitcoin price.
Also we so much need banking system to support bitcoin. Banking gives trust.
Also there is no other local bank to adjust bitcoin price.
Also we so much need banking system to support bitcoin. Banking gives trust.
i believe that a lot of people are afraid of massive fluctuations that happen to bitcoin price and that its price might drop in the future
The stability of Bitcoin's price need some time to happen, but i think the price will increase to some level and then it will be stopped to some stable price in the near future
The price has actually been relatively stable (as in more stable than mainstream currencies and economies) lately. Of course, price increases are fundamentally a symptom of volatility, but I think the recent charts have painted Bitcoin as stable enough for usage. I feel like the bigger problem is the psychological perception of Bitcoin from a lot of the rest of the world, which is undeniably piss poor.
i believe that a lot of people are afraid of massive fluctuations that happen to bitcoin price and that its price might drop in the future
The stability of Bitcoin's price need some time to happen, but i think the price will increase to some level and then it will be stopped to some stable price in the near future
There will be a tipping point
Take fiat money as example, although it is backed by government bonds, which is a promise of paying back with fiat money itself in future, thus have no real value, but as long as everyone believe the value of it, it will automatically maintain its value without any external help, people even desperately seek for it when they don't have it
Similar thing will happen on bitcoin, once a large group of people accept the value of it, it will automatically maintain its value without any help, and a stable value will get more people on board
Take fiat money as example, although it is backed by government bonds, which is a promise of paying back with fiat money itself in future, thus have no real value, but as long as everyone believe the value of it, it will automatically maintain its value without any external help, people even desperately seek for it when they don't have it
Similar thing will happen on bitcoin, once a large group of people accept the value of it, it will automatically maintain its value without any help, and a stable value will get more people on board
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