Topic: What&#039;s stopping people from using bitcoin? - page 36. (Read 202139 times)

Quote from: Mastsetad on June 22, 2016, 04:42:39 PM

I think the main reason why people stop using bitcoin is when the price of bitcoin become $1 or small price. People will leave bitcoin and change into another coin.

I think the question is what is stopping peoeple from using bitcoin, it is not if what will stop people from using bitcoin and you are talking about that.
And one more thing, bitcoin is not gonna come to the value of $1.

People who have faith in bitcoin will continue to use it irrespective of the price, even price drop won't affect them and they will continue to buy more coins if price drops.

but we must admit it that kind person are very few exist nowadays, people would only care about the price and get profit. once they think bitcoin is not profitable anymore to be played, they leave it and forget it.

JumperX

hero member

Activity: 672

Merit: 503

Quote from: katrimans on June 22, 2016, 03:42:55 PM

I think the main reason why people stop using bitcoin is when the price of bitcoin become $1 or small price. People will leave bitcoin and change into another coin.

I think the question is what is stopping peoeple from using bitcoin, it is not if what will stop people from using bitcoin and you are talking about that.
And one more thing, bitcoin is not gonna come to the value of $1.

People who have faith in bitcoin will continue to use it irrespective of the price, even price drop won't affect them and they will continue to buy more coins if price drops.

Karolus

newbie

Activity: 42

Merit: 0

Quote from: Altcoinmoney on June 20, 2016, 03:01:20 PM

Quote from: CasioK on June 20, 2016, 02:51:24 PM

I heard some hackers who hack others via ransomeware virus are asking bitcoins in return. So people are a bit worried and maybe that is stopping them, but that is no reason, hackers use USD also so stop using it !

No this is the reason why they are not using it, I even find this the stupidest reason you could thing.
I do think people keep away from it due to the bad name the bitcoin has these days, its still a investment right.

Yes , I also have saw some people even legendary calling bitcoin as an investment only, and with that a lot of people who are not interested in investment do not adopt bitcoin, if we spread its image as a currency then people will think to learn about it.

The price of bitcoin has dropped 20% in the last 3-4 days. It seems that would affect the people who were using it as a currency. If a person only uses bitcoin, should he buy 20% less food?

I don't want hungry babies to get 20% less food.

Mastsetad

sr. member

Activity: 672

Merit: 250

Quote from: Altcoinmoney on June 20, 2016, 03:01:20 PM

I think the main reason why people stop using bitcoin is when the price of bitcoin become $1 or small price. People will leave bitcoin and change into another coin.

I think the question is what is stopping peoeple from using bitcoin, it is not if what will stop people from using bitcoin and you are talking about that.
And one more thing, bitcoin is not gonna come to the value of $1.

katrimans

hero member

Activity: 882

Merit: 500

Quote from: CasioK on June 20, 2016, 02:51:24 PM

I heard some hackers who hack others via ransomeware virus are asking bitcoins in return. So people are a bit worried and maybe that is stopping them, but that is no reason, hackers use USD also so stop using it !

No this is the reason why they are not using it, I even find this the stupidest reason you could thing.
I do think people keep away from it due to the bad name the bitcoin has these days, its still a investment right.

Yes , I also have saw some people even legendary calling bitcoin as an investment only, and with that a lot of people who are not interested in investment do not adopt bitcoin, if we spread its image as a currency then people will think to learn about it.

naidray

legendary

Activity: 1232

Merit: 1029

Quote from: Altcoinmoney on June 20, 2016, 03:01:20 PM

Quote from: CasioK on June 20, 2016, 02:51:24 PM

I heard some hackers who hack others via ransomeware virus are asking bitcoins in return. So people are a bit worried and maybe that is stopping them, but that is no reason, hackers use USD also so stop using it !

No this is the reason why they are not using it, I even find this the stupidest reason you could thing.
I do think people keep away from it due to the bad name the bitcoin has these days, its still a investment right.

Yes, that is not the reason which stop people from using bitcoin as only those people are aware with it that hackers are trying to hack bitcoins who are experienced in the usage of bitcoin, and along with that they know well that if we do more security to our coins then their attempts will be failed.

goinmerry

legendary

Activity: 2940

Merit: 1083

Quote from: devil11 on June 22, 2016, 03:47:30 AM

Quote from: gkv9 on June 22, 2016, 03:10:37 AM

Quote from: gkv9 on June 22, 2016, 03:10:37 AM

Well, one of the most common things that is stopping people from using bitcoin is probably government interventions. There are lots of places on the Earth where bitcoin is banned from trading.

But they can probably easily still access the BTC network.

Yeah, but the main reason is lack of knowledge with bitcoin, few people in every country has a little information or doesn't know at all what bitcoin is.

True...
I asked my friend yesterday to just invest some of his money into bitcoins, and he's a big party, but he just asked me one thing, that what is it and where do the money go... I said it's people buying and selling it all the way through exchanges, so he said, "No, I ain't interested in investing into something which is not under control..." We need to give proper knowledge to people about this coin, else it won't have a better future...

People are not aware from this currency. If a currency accept bitcoin then a few people of it are known about it. First of all, you are true that knowledge is of great importance. If a person becomes known about it, there is many way of profit for it. If he not like to be trading, then he can uses its bitcoin in other ways like gambling, mining etc. This, I sure will changes his minds and he started using it. Bitcoin is, no doubt, very interesting but if only people get knowledge about it. It is profitable in long terms, I believe.

What you believe can be right for some people. Specially those who have bought at a low price. Then, what about those people who have bought it while it was too high on price? Different stories in here but we should have the same goal and that is to tell people who dont have any idea about it that this bitcoin exist.

devil11

sr. member

Activity: 398

Merit: 250

Quote from: gkv9 on June 22, 2016, 03:10:37 AM

Well, one of the most common things that is stopping people from using bitcoin is probably government interventions. There are lots of places on the Earth where bitcoin is banned from trading.

But they can probably easily still access the BTC network.

Yeah, but the main reason is lack of knowledge with bitcoin, few people in every country has a little information or doesn't know at all what bitcoin is.

True...
I asked my friend yesterday to just invest some of his money into bitcoins, and he's a big party, but he just asked me one thing, that what is it and where do the money go... I said it's people buying and selling it all the way through exchanges, so he said, "No, I ain't interested in investing into something which is not under control..." We need to give proper knowledge to people about this coin, else it won't have a better future...

People are not aware from this currency. If a currency accept bitcoin then a few people of it are known about it. First of all, you are true that knowledge is of great importance. If a person becomes known about it, there is many way of profit for it. If he not like to be trading, then he can uses its bitcoin in other ways like gambling, mining etc. This, I sure will changes his minds and he started using it. Bitcoin is, no doubt, very interesting but if only people get knowledge about it. It is profitable in long terms, I believe.

futurebit640

hero member

Activity: 910

Merit: 1000

Well, one of the most common things that is stopping people from using bitcoin is probably government interventions. There are lots of places on the Earth where bitcoin is banned from trading.

But they can probably easily still access the BTC network.

Yeah, but the main reason is lack of knowledge with bitcoin, few people in every country has a little information or doesn't know at all what bitcoin is.

True...
I asked my friend yesterday to just invest some of his money into bitcoins, and he's a big party, but he just asked me one thing, that what is it and where do the money go... I said it's people buying and selling it all the way through exchanges, so he said, "No, I ain't interested in investing into something which is not under control..." We need to give proper knowledge to people about this coin, else it won't have a better future...

If we give full knowledge to people, also new people will step back to invest here. Why because price variation yes it is fluctuating a huge amount so new people will scare to invest here simply why people loose there own money.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

I think the main reason why people stop using bitcoin is when the price of bitcoin become $1 or small price. People will leave bitcoin and change into another coin.

I think if the price will reach to that. It will be opposite on what you think because bitcoin is know my many people for being expensive, so if the price reach that i think many people will get into bitcoin and buy bitcoins as much as they can because they know that if they continue buying for that price they can make a lot of money because demand on buying can result for price hike anytime Cheesy

.

gkv9

legendary

Activity: 1246

Merit: 1000

!!! RiSe aBovE ThE StoRm !!!

Well, one of the most common things that is stopping people from using bitcoin is probably government interventions. There are lots of places on the Earth where bitcoin is banned from trading.

But they can probably easily still access the BTC network.

Yeah, but the main reason is lack of knowledge with bitcoin, few people in every country has a little information or doesn't know at all what bitcoin is.

True...
I asked my friend yesterday to just invest some of his money into bitcoins, and he's a big party, but he just asked me one thing, that what is it and where do the money go... I said it's people buying and selling it all the way through exchanges, so he said, "No, I ain't interested in investing into something which is not under control..." We need to give proper knowledge to people about this coin, else it won't have a better future...

Jmild1

full member

Activity: 210

Merit: 100