What's stopping people from using bitcoin? - page 33.

tygeade

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Quote from: Dwelach on June 27, 2016, 08:47:48 AM

Quote from: shorena on October 16, 2015, 08:41:20 AM

Quote from: JforJoker on October 16, 2015, 08:09:54 AM

So after reading this article and especially the ending:

Quote

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?

Would you change your local currency to a better local currency for a 1% fee if you want to buy something? The other currency is better, but you have to wait a few days, pay an exchange fee and care about the security yourself.

The issue IMHO is that there are not enought ways to earn bitcoin for the majority of people you have in mind.

Using bitcoins can make allot of difference for the price value. If more people are using the bitcoin the price will rise allot off coure not if they
are only holding their coins.

Higher number of users means higher price of bitcoin, and that will surely happen in next few years when bitcoin will reach everywhere, so we can expect higher price in future for sure.

Dwelach

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Quote from: shorena on October 16, 2015, 08:41:20 AM

Quote from: JforJoker on October 16, 2015, 08:09:54 AM

So after reading this article and especially the ending:

Quote

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?

Would you change your local currency to a better local currency for a 1% fee if you want to buy something? The other currency is better, but you have to wait a few days, pay an exchange fee and care about the security yourself.

The issue IMHO is that there are not enought ways to earn bitcoin for the majority of people you have in mind.

Using bitcoins can make allot of difference for the price value. If more people are using the bitcoin the price will rise allot off coure not if they
are only holding their coins.

umaOuma

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Lack of knowledge and lack of trust in bitcoin is stopping majority of people to use it, as they are not aware what is bitcoin and how it works so we cannot expect them to use bitcoins.

2double0

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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.

Correct. The only thing that it lacks of, is security itself. People nowadays try to get everything through shortcuts, they don't want to work for this.
This is why hack attempts has risen to an extremely dangerous level.

akosimakulit

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Some people think is scam? I would say they must be wrong. Bitcoin is not a scam, I also thought the same when I first heard about it from my friend. The way he explained it made me think it's scam, but it's not. If it's a scam, many users would have discovered that since. But people's imagination is real stopper I too believe.

Ryananda

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Quote from: DoublerHunter on June 26, 2016, 06:34:40 AM

Quote from: CoinFoxs on June 26, 2016, 05:58:11 AM

So many reasons that are a cause to stop using bitcoin, the major reason is that people are busy in other thing like some are the student of university and some are doing jobs in other companies so they don't have enough time to spend on bitcoin..

Yeah that will consider another reason on why people stopped using bitcoin but i think there is a big reason like getting scammed (because of the HYIPs that manipulated them to invest all their btc) and financial loss (like getting negative profit because of panic selling because the price of bitcoin in their time is continue dropping).

Getting scammed might make people feel annoyed but I do not think it will make them stop using bitcoin because they can try another. But I do not know because each person is very different. Perhaps many people stop using bitcoin because bitcoin does not develop and can not make their own profits.

zigzag007

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People may not trust the security around bitcoin.

DoublerHunter

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Quote from: CoinFoxs on June 26, 2016, 05:58:11 AM

So many reasons that are a cause to stop using bitcoin, the major reason is that people are busy in other thing like some are the student of university and some are doing jobs in other companies so they don't have enough time to spend on bitcoin..

Yeah that will consider another reason on why people stopped using bitcoin but i think there is a big reason like getting scammed (because of the HYIPs that manipulated them to invest all their btc) and financial loss (like getting negative profit because of panic selling because the price of bitcoin in their time is continue dropping).

CoinFoxs

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So many reasons that are a cause to stop using bitcoin, the major reason is that people are busy in other thing like some are the student of university and some are doing jobs in other companies so they don't have enough time to spend on bitcoin..

Cyaren

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Quote from: vero on June 26, 2016, 04:17:24 AM

Quote from: sishendaoye on June 25, 2016, 09:39:22 PM

Quote from: will_k on June 25, 2016, 09:16:46 PM

I simply don't think the general public can get used to the virtual currency where a string of characters translates to monetary value.
The distance between a malware/phishing scam is the computer and the bank. Now that you move your money into your computer, stored as a string,
the distance between your money and it getting stolen feels a lot smaller. Hence the trust issue.

People really have issues with the trusting part of the bitcoin this is without doubts true, the bitcoin also simply has a bad name due to the media that only told some bad stories about it..

yes I think the media as an enemy to bitcoin, they always give bad news about bitcoin which in fact is not like that and I'm sure one day when the bank began to adopt their bitcoin will give you the good news about bitcoin to the public. so this is just a time for bitcoin taking a world.

The thing that's stopping people from using btc is that people cannot understand it, but you cannot blame them and they're not stupid they're just missing out on big money that we've come upon people we're the lucky ones to be honest with you

Dont let your friends miss out on this opportunity.

vero

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Quote from: sishendaoye on June 25, 2016, 09:39:22 PM

Quote from: will_k on June 25, 2016, 09:16:46 PM

I simply don't think the general public can get used to the virtual currency where a string of characters translates to monetary value.
The distance between a malware/phishing scam is the computer and the bank. Now that you move your money into your computer, stored as a string,
the distance between your money and it getting stolen feels a lot smaller. Hence the trust issue.

People really have issues with the trusting part of the bitcoin this is without doubts true, the bitcoin also simply has a bad name due to the media that only told some bad stories about it..

yes I think the media as an enemy to bitcoin, they always give bad news about bitcoin which in fact is not like that and I'm sure one day when the bank began to adopt their bitcoin will give you the good news about bitcoin to the public. so this is just a time for bitcoin taking a world.

PsursV

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Quote from: Enotche on June 26, 2016, 03:30:14 AM

Quote from: Cyaren on June 25, 2016, 07:13:07 PM

There's not much STOPPING people from using btc but the fact of the matter is people are just scared of their ignorance in something so they dont try to learn, they're just lazy and they are too scared to ask people, So lets all help them out lol share what you know with your friends (even if they dont ask) lol.

Yes, there is a psychological barrier. I would also add that people are afraid of the unknown, and because it does not want to develop. Looking for a press conference and promotion.

Quote from: BossMacko on June 26, 2016, 03:11:23 AM

People who live in provinces wherein there's no internet connection , Because to use Bitcoin we all need internet connection , We need to communicate with others to trade, to sell and to buy Bitcoins.

Yes, it is necessary to establish the structure and functioning of the Bitcoin system. 21, and the internet still does not know how to use it.

the only thing that I think stop people from using bitcoin is the instability of the rate of bitcoin. people some time worried about the fluctuation of the ups and down of the bitocin which stop people from using and buying bitcoin.

Enotche

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Quote from: Cyaren on June 25, 2016, 07:13:07 PM

There's not much STOPPING people from using btc but the fact of the matter is people are just scared of their ignorance in something so they dont try to learn, they're just lazy and they are too scared to ask people, So lets all help them out lol share what you know with your friends (even if they dont ask) lol.

Yes, there is a psychological barrier. I would also add that people are afraid of the unknown, and because it does not want to develop. Looking for a press conference and promotion.

Quote from: BossMacko on June 26, 2016, 03:11:23 AM

People who live in provinces wherein there's no internet connection , Because to use Bitcoin we all need internet connection , We need to communicate with others to trade, to sell and to buy Bitcoins.

Yes, it is necessary to establish the structure and functioning of the Bitcoin system. 21, and the internet still does not know how to use it.

dragonusa9

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Quote from: shinratensei_ on June 26, 2016, 01:45:48 AM

Quote from: ?? on ??

People would always worry about the price of bitcoin, so I think one of major reasons to stop use bitcoin are the price. Would you still use bitcoin if the price down to $5 and it's stuck there where you have bought $100k at $400 ?
I believe more than half of bitcoin users have struck with this reason as they might had bought around $1000.

Bitcoin price becomes the main reason but has some reason can support the main reason and make people who are getting a strong to leaving from bitcoin, or maybe they ever deceived.

im just thinking about changing the hot wallet service if the support can't help much, after you can resolve the thing before you go into the another wallet of course

BossMacko

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People who live in provinces wherein there's no internet connection , Because to use Bitcoin we all need internet connection , We need to communicate with others to trade, to sell and to buy Bitcoins.

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Quote from: ?? on ??

Quote from: Imoote on June 24, 2016, 10:37:22 PM

Quote from: danherbias07 on June 24, 2016, 09:59:48 PM

Quote from: Aamir1 on June 24, 2016, 03:31:24 PM

Quote from: Ravi Helios on June 23, 2016, 05:27:23 PM

I'd say aprox a quarter of whats stopping people from using Bitcoin is the media made conception that Bitcoin is associated with criminal activity.

There are actually a lot of reasons stopping people from using bitcoin but you are right, that is a big reason in some places where media is working dawn to dusk to kill the positive concept of bitcoin from the minds of people, and the people who were never aware about it are believing it with blind eyes without doing their own research about bitcoin.

Well I am pretty sure that media is controlled by the government. They want to take it down rather than accepting or adapt it. This currency is free and they dont want any people to be free. Democracy is a joke it is just a reason for government to steal from people. Yeah freedom of stealing.

Yes indeed possible in some countries prohibit crypto like bitcoin for violating the rules. It is going to make bitcoin difficult to develop. But I believe bitcoin will evolve and users are still using bitcoin.

People would always worry about the price of bitcoin, so I think one of major reasons to stop use bitcoin are the price. Would you still use bitcoin if the price down to $5 and it's stuck there where you have bought $100k at $400 ?
I believe more than half of bitcoin users have struck with this reason as they might had bought around $1000.

Bitcoin price becomes the main reason but has some reason can support the main reason and make people who are getting a strong to leaving from bitcoin, or maybe they ever deceived.

nischal88

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Quote from: goinmerry on June 25, 2016, 11:17:00 PM

Quote from: sishendaoye on June 25, 2016, 09:39:22 PM

Quote from: will_k on June 25, 2016, 09:16:46 PM

I simply don't think the general public can get used to the virtual currency where a string of characters translates to monetary value.
The distance between a malware/phishing scam is the computer and the bank. Now that you move your money into your computer, stored as a string,
the distance between your money and it getting stolen feels a lot smaller. Hence the trust issue.

People really have issues with the trusting part of the bitcoin this is without doubts true, the bitcoin also simply has a bad name due to the media that only told some bad stories about it..

The thing is trust now can be gained simply by being there for a long time. Look at paypal, that is an exame of just beiing there for quite some time. Although their fees are hugh people still use it.

Human tendency of protection and security may be the major reason of avoiding the some other virtual currency as per the security is not completely abundant for the investment.

goinmerry

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Quote from: sishendaoye on June 25, 2016, 09:39:22 PM

Quote from: will_k on June 25, 2016, 09:16:46 PM

I simply don't think the general public can get used to the virtual currency where a string of characters translates to monetary value.
The distance between a malware/phishing scam is the computer and the bank. Now that you move your money into your computer, stored as a string,
the distance between your money and it getting stolen feels a lot smaller. Hence the trust issue.

People really have issues with the trusting part of the bitcoin this is without doubts true, the bitcoin also simply has a bad name due to the media that only told some bad stories about it..

The thing is trust now can be gained simply by being there for a long time. Look at paypal, that is an exame of just beiing there for quite some time. Although their fees are hugh people still use it.

sishendaoye

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Quote from: will_k on June 25, 2016, 09:16:46 PM

I simply don't think the general public can get used to the virtual currency where a string of characters translates to monetary value.
The distance between a malware/phishing scam is the computer and the bank. Now that you move your money into your computer, stored as a string,
the distance between your money and it getting stolen feels a lot smaller. Hence the trust issue.

People really have issues with the trusting part of the bitcoin this is without doubts true, the bitcoin also simply has a bad name due to the media that only told some bad stories about it..

will_k

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I simply don't think the general public can get used to the virtual currency where a string of characters translates to monetary value.
The distance between a malware/phishing scam is the computer and the bank. Now that you move your money into your computer, stored as a string,
the distance between your money and it getting stolen feels a lot smaller. Hence the trust issue.

Topic: What's stopping people from using bitcoin? - page 33. (Read 202160 times)