What's stopping people from using bitcoin? - page 30.

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Quote from: fkvidar on June 29, 2016, 07:22:11 AM

Price volatility can be one of the reason for people not using bitcoin, as bitcoin is new in terms of an investment and the future is unpredictable, to be honest people don't have faith in bitcoin.

Agreed, most users have the same thinking. The price fluctuation happening without being stable for a long time is the major reason for which users hesitate to be a part of bitcoin.

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Quote from: TemplarKnightUK on June 29, 2016, 07:07:55 AM

To quote a good friend of mine, "because it doesn't have the backing [I kid you not] of government if it fails: no FSCS protection, etc...".

Or, variously, "I trust the government"

Madness.

I don't trust the government. In most cases, I hate the government. However, I do trust them slightly more than some stranger (like Mark Karpeles), halfway around the world, holding my personal information (even drivers license, credit card or debit card info), running a business that may or may not be around tomorrow.

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Quote from: zigzag007 on June 26, 2016, 06:59:45 AM

People may not trust the security around bitcoin.

That's really an issue and reason why people are stopping from using bitcoin. Because there are some people that are tackling about the security of
bitcoin wallet addresses.
Thinking about that an hacker can easily penetrate to their accounts and get the balance they have.

I think bitcoin is one of the safest things... Because the wallet does not show your information and the id of the wallet are really long .. I the real bank they have the Id, email, contact no., and various personal info, but this wallet are safe...So security may not be the major cause !
and i don't think its an easy job to do !

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Quote from: fkvidar on June 29, 2016, 07:22:11 AM

Price volatility can be one of the reason for people not using bitcoin, as bitcoin is new in terms of an investment and the future is unpredictable, to be honest people don't have faith in bitcoin.

in my opinion that is the biggest thing what makes people not starting using bitcoins, but it also attracts more traders to bitcoin so i guess that doesnt make too much negative impact

also governments sometimes stop people from using their bitcoins to be honest because people are sometimes not allowed to use their bitcoins as they might be punished with prison

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Price volatility can be one of the reason for people not using bitcoin, as bitcoin is new in terms of an investment and the future is unpredictable, to be honest people don't have faith in bitcoin.

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To quote a good friend of mine, "because it doesn't have the backing [I kid you not] of government if it fails: no FSCS protection, etc...".

Or, variously, "I trust the government"

Madness.

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People aren't using bitcoin because they have bank accounts, credit cards, and fiat. To most, there isn't a very large incentive to link their bank account information to a possibly fraudulent bitcoin gateway to get a currency that may, or may not, be worth what they paid for it an hour from now. Besides, isn't it easier to use cash?

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Quote from: Akupuniard on June 27, 2016, 11:00:11 AM

Very hard to detect why people don't using bitcoin, it's individual problem for everybody, somebody don't like bitcoin, somebody is too old to start and many other reasons.

Maybe they don't use it sometimes because of the double spend thing, I had a friend who was scammed earlier by some exchange who send him funds that were double spent. Maybe that is a reason for most ?

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Quote from: Supercrypt on June 29, 2016, 01:04:54 AM

Quote from: QuestionAuthority on June 27, 2016, 09:19:13 PM

Intelligence, logic, ease of use, lack of business support, volatility, 6 years of bad press, scamming (by the exchanges too), hacking (by the exchanges too). Take your pick.

Yes, I think the hacking and scamming are the main reasons behind it, mainly because innocent people do not know how to keep their money secured and how to check if a transaction is done in right way or not ( as some people scam others by sending bitcoin with 0 fees and reversing it )

Yes we can't remove that kind of reason why people are stopping from using bitcoin is that they are frightened to get hacked and scammed by people.
Hacking is very possible because it is an online currency, but with scamming it is a negligence of the user if he doesn't get to know what he is investing for his bitcoin.

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Quote from: QuestionAuthority on June 27, 2016, 09:19:13 PM

Intelligence, logic, ease of use, lack of business support, volatility, 6 years of bad press, scamming (by the exchanges too), hacking (by the exchanges too). Take your pick.

Yes, I think the hacking and scamming are the main reasons behind it, mainly because innocent people do not know how to keep their money secured and how to check if a transaction is done in right way or not ( as some people scam others by sending bitcoin with 0 fees and reversing it )

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Quote from: chineseprancing on June 28, 2016, 09:04:02 PM

Quote from: boyptc on June 28, 2016, 08:52:37 PM

Quote from: betohell on June 28, 2016, 08:41:24 PM

Quote from: MaritiJames3 on June 28, 2016, 08:38:14 AM

Some people are afraid that they will get hacked or something if they spend there own money to invest in to Bitcoin. I can understand that because the feeling of someone else stealing your money and not even knowing who it is is the worst feeling.

I think the fear of losing money will always be there for each user. but I think that's not a reason to get out of bitcoin. you can use a special safety

Most people they are thinking that they need to invest in bitcoin before entering it. So maybe that's a reason why they are stopping in using bitcoin.
But not knowing they are setting up a conclusion without studying it first.

Yes, Thats my experience before, I think i need to invest first before gaining bitcoin, But now i focused and i now how can i earn without investing on a ponzi sites

Ponzi's are not really a good way in investing because you will just end up getting scammed. And for sure why many people are stopping from using bitcoin is that they failed in investment in hyip's.
Because of the frustration they have experienced they will just turn to stop using bitcoin.

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Quote from: boyptc on June 28, 2016, 08:52:37 PM

Quote from: betohell on June 28, 2016, 08:41:24 PM

Quote from: MaritiJames3 on June 28, 2016, 08:38:14 AM

Some people are afraid that they will get hacked or something if they spend there own money to invest in to Bitcoin. I can understand that because the feeling of someone else stealing your money and not even knowing who it is is the worst feeling.

I think the fear of losing money will always be there for each user. but I think that's not a reason to get out of bitcoin. you can use a special safety

Most people they are thinking that they need to invest in bitcoin before entering it. So maybe that's a reason why they are stopping in using bitcoin.
But not knowing they are setting up a conclusion without studying it first.

Yes, Thats my experience before, I think i need to invest first before gaining bitcoin, But now i focused and i now how can i earn without investing on a ponzi sites

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Quote from: betohell on June 28, 2016, 08:41:24 PM

Quote from: MaritiJames3 on June 28, 2016, 08:38:14 AM

Some people are afraid that they will get hacked or something if they spend there own money to invest in to Bitcoin. I can understand that because the feeling of someone else stealing your money and not even knowing who it is is the worst feeling.

I think the fear of losing money will always be there for each user. but I think that's not a reason to get out of bitcoin. you can use a special safety

Most people they are thinking that they need to invest in bitcoin before entering it. So maybe that's a reason why they are stopping in using bitcoin.
But not knowing they are setting up a conclusion without studying it first.

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Quote from: MaritiJames3 on June 28, 2016, 08:38:14 AM

Some people are afraid that they will get hacked or something if they spend there own money to invest in to Bitcoin. I can understand that because the feeling of someone else stealing your money and not even knowing who it is is the worst feeling.

I think the fear of losing money will always be there for each user. but I think that's not a reason to get out of bitcoin. you can use a special safety

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Quote from: Adrayrd on June 28, 2016, 07:33:03 PM

People are just scared to invest they are thinking its gonna let them lose money or they also thinking it will never be big.
I honestly think that people just need more faith.

Well if they only know, they don't have to invest immediately in bitcoin. They can work for it and wait for good offers if they have skills.
They can offer their services to the people here and earn instant bitcoin once they completed their jobs.

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People are just scared to invest they are thinking its gonna let them lose money or they also thinking it will never be big.
I honestly think that people just need more faith.

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Quote from: MaritiJames3 on June 28, 2016, 08:38:14 AM

Some people are afraid that they will get hacked or something if they spend there own money to invest in to Bitcoin. I can understand that because the feeling of someone else stealing your money and not even knowing who it is is the worst feeling.

I agree with that. Hackers and hacking methods have been scattered all over the internet so it is one reason to reject this currency for you dont know when it could happen.

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Quote from: jerowacik on June 13, 2016, 04:08:54 AM

Quote from: Galiatram on June 13, 2016, 04:03:00 AM

People are stop using Bitcoin because of the fact that it can be stable sometimes and people just do not like waiting a ling time before they make some money with it.

instabilities become the most important point. bitcoin is designed like that. bitcoin digital currency is difficult to predict. only those who dare to take a decision which will be used bitcoin.

I think there are some people who do't like the prices as stable as possible some of them are a trader and I know. because if bitcoin prices stable will give effect to their income. probably will be reduced because of the price to be stable. yeah maybe they quit because of that?

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Quote from: Bitcoinbro on June 28, 2016, 02:35:01 AM

Quote from: serjent05 on June 28, 2016, 01:57:58 AM

Quote from: Hide_ip112 on June 27, 2016, 09:39:00 PM

Quote from: Akupuniard on June 27, 2016, 11:00:11 AM

Very hard to detect why people don't using bitcoin, it's individual problem for everybody, somebody don't like bitcoin, somebody is too old to start and many other reasons.

True, but I think that the reason all those who do not use the bitcoin because they thought that only a tool Bitcoin MLM or a scam. We know that bitcoin has no physical and a company that overshadows it, it could be a reason that is complained of by everyone

Yes, PONZI company gave BITCOIN a bad impression specially to those who have not heard of BITCOIN yet. For example, here in my country there are lot of PONZI MLM company that prey on the people who does not know anything about BITCOIN. Funny, they even claim that they are the pioneers of BLOCKCHAIN. I was like wth LOL. Then after sometime this company shut down with their investors money. So whenever someone heard about BITCOIN they think automatically that it is a SCAM company. Pretty much misconception and deception are stopping people from using BTC.

For the general public which are new into bitcoin they are faced with 2 very big problems.
First there are the ponzi sites, then there are the scammers. It's a hard world for them.

That's really a threat for the bitcoin industry because of those kind of activities it is really the reason why people are stopping from using bitcoin.
But I'm thinking to be fair it is not there fault if they get into ponzi sites.

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Some people are afraid that they will get hacked or something if they spend there own money to invest in to Bitcoin. I can understand that because the feeling of someone else stealing your money and not even knowing who it is is the worst feeling.

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