What's stopping people from using bitcoin? - page 4.

propofol99

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Quote from: agustina2 on July 29, 2016, 08:26:53 AM

Quote from: klf on July 28, 2016, 10:51:20 PM

Quote from: fiulpro on July 28, 2016, 10:57:50 AM

I think the price volatility, lots of incidents related to black market activities and many other anti-government activities are the major cause that's stopping people from using bitcoins.

I don't think BTC price volatility is the primary cause for not using it. But based on my knowledge as of now bitcoins are not accepted by many governments because they can't track the transactions and can't put taxes on to it so many businesses are not taking it as a payment method. Currently, bitcoins are used mostly in online gambling and for some limited online activities.

Price volatility is the main reason why there are additional person uses bitcoin. Because of the price volatility in bitcoin, we have the opportunity to earn big.

The only institution that don't like the price volatility of bitcoin are those companies/merchants since they are here for business. Also if that merchants are dealing with dollars, it will be hard for them to face the risk of accepting bitcoin as mode of payment.

The last month bitcoin price has stabled. I hope it will stay thst way or increase slowly without bubble building.
Without the big volatility it would attract even mor merchants!

agustina2

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Quote from: klf on July 28, 2016, 10:51:20 PM

Quote from: fiulpro on July 28, 2016, 10:57:50 AM

I think the price volatility, lots of incidents related to black market activities and many other anti-government activities are the major cause that's stopping people from using bitcoins.

I don't think BTC price volatility is the primary cause for not using it. But based on my knowledge as of now bitcoins are not accepted by many governments because they can't track the transactions and can't put taxes on to it so many businesses are not taking it as a payment method. Currently, bitcoins are used mostly in online gambling and for some limited online activities.

Price volatility is the main reason why there are additional person uses bitcoin. Because of the price volatility in bitcoin, we have the opportunity to earn big.

The only institution that don't like the price volatility of bitcoin are those companies/merchants since they are here for business. Also if that merchants are dealing with dollars, it will be hard for them to face the risk of accepting bitcoin as mode of payment.

mirakal

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Quote from: Mastsetad on July 29, 2016, 06:37:33 AM

Quote from: ?? on ??

We need more projects and sites to promote and incentive the use of bitcoin,
because if people don't know about it, the will not use it.

There are already a lot of websites for promoting it and the websites would only promote it to the people on internet, but we need bitcoin to spread in practical world because there are a lot of people who dont use internet or has no online activities so any practical bitcoin project would work great.

It is true and even if they will use internet but with less attraction with bitcoin they would not be interested in using it, we need to expound to them the real value of using bitcoin and we should start it with our family and relatives.

Mastsetad

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Quote from: ?? on ??

We need more projects and sites to promote and incentive the use of bitcoin,
because if people don't know about it, the will not use it.

There are already a lot of websites for promoting it and the websites would only promote it to the people on internet, but we need bitcoin to spread in practical world because there are a lot of people who dont use internet or has no online activities so any practical bitcoin project would work great.

klf

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Quote from: fiulpro on July 28, 2016, 10:57:50 AM

I think the price volatility, lots of incidents related to black market activities and many other anti-government activities are the major cause that's stopping people from using bitcoins.

I don't think BTC price volatility is the primary cause for not using it. But based on my knowledge as of now bitcoins are not accepted by many governments because they can't track the transactions and can't put taxes on to it so many businesses are not taking it as a payment method. Currently, bitcoins are used mostly in online gambling and for some limited online activities.

jamalaezaz

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Quote from: ImHash on July 26, 2016, 10:16:21 PM

I was thinking the same thing which is why my family are not jumping in bitcoin? first time I talked about it with my brother he said bitcoin is dead, I said wtf? he showed me an article that only was a speculation.

most of families are not ready to trust on bitcoin. just show them your earning. and prove them that bitcoin is alive and growing everyday. and you can earn bitcoin for free. this is the only way you can prove to your family that bitcoin is legit and not dead.
my family was also not ready to believe on bitcoin. but when I cashed out my first bitcoins and show to my famliy. then they believed that I am not wasting time.

newcripto

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Bitcoin was not having good reputation as pf early fraudulent incident and no backup of legislation. This was main reason which scared a common man to have courage to make step towards Bitcoin. Now situation has changed a lot many countries already started legalization procedure which will boost awareness. I am thinking we will see much more acceptance and usage in coming couple of years.

jonatuzc

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Quote from: mirakal on July 28, 2016, 09:29:03 AM

Quote from: Mastsetad on July 27, 2016, 11:20:32 AM

Quote from: ImHash on July 26, 2016, 10:16:21 PM

I was thinking the same thing which is why my family are not jumping in bitcoin? first time I talked about it with my brother he said bitcoin is dead, I said wtf? he showed me an article that only was a speculation.

That is exactly the case with everyone stops using bitcoin or dont even think of using it because they read or hear negative things about it and they just believe them without doing their own research or study about the reality of it.

Well, that is just normal as even how good a certain thing is there is always some negative news regarding the things but as real investors who believe in the future of bitcoins, we know better the potential so we can justify if any bad news or publicity will be circulated in the internet.

Yep, just as how there are people who love artists or musicians, there are those who hate them.
With this, we can blame those people who hate bitcoin from stopping people to use bitcoin. There really isn't any way we can stop them overall but we can reduce their effect if we can highly publicize bitcoin.

Bestwishes745

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Quote from: tabas on July 26, 2016, 09:58:57 PM

Quote from: madwica on July 26, 2016, 09:38:56 PM

Quote from: bobyhodob on July 26, 2016, 08:36:34 PM

when people have to get something bad because bitcoin, like the money they get scammer or stolen in large quantities, it would make someone trauma and stop using bitcoin.

This is true, loosing big amount of money in terms of bitcoin can result to users to stop using it because they already lose their trust in bitcoin that is why we need to avoid scammer and we need to have stronger security of each account to be safe our money.

Well it is their fault that they are losing big amount of bitcoins. But it is really hard if you are going to lose big amount of bitcoins. It tends to make you discourage and not going to pursue your usage of bitcoins because you are going to feel down about it.

A sensible person will know that it is not the fault of bitcoin when he is scammed by someone, and so he will never blame bitcoin and will never leave it, as with bitcoin he can recover his money by earning from different opportunities.

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Quote from: ?? on ??

We need more projects and sites to promote and incentive the use of bitcoin,
because if people don't know about it, the will not use it.

This too is stopping people from using bitcoin. the availability of where to spend bitcoin is one major problem why people would rather choose a payment method that he can use everywhere and anywhere. That is credit cards and visa cards. If only bitcoin can be use anywayre and everywhere then most people will surely come in and join Bitcoin.

fiulpro

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I think the price volatility, lots of incidents related to black market activities and many other anti-government activities are the major cause that's stopping people from using bitcoins.

mirakal

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Quote from: Mastsetad on July 27, 2016, 11:20:32 AM

Quote from: ImHash on July 26, 2016, 10:16:21 PM

I was thinking the same thing which is why my family are not jumping in bitcoin? first time I talked about it with my brother he said bitcoin is dead, I said wtf? he showed me an article that only was a speculation.

That is exactly the case with everyone stops using bitcoin or dont even think of using it because they read or hear negative things about it and they just believe them without doing their own research or study about the reality of it.

Well, that is just normal as even how good a certain thing is there is always some negative news regarding the things but as real investors who believe in the future of bitcoins, we know better the potential so we can justify if any bad news or publicity will be circulated in the internet.

Mastsetad

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Quote from: ImHash on July 26, 2016, 10:16:21 PM

I was thinking the same thing which is why my family are not jumping in bitcoin? first time I talked about it with my brother he said bitcoin is dead, I said wtf? he showed me an article that only was a speculation.

That is exactly the case with everyone stops using bitcoin or dont even think of using it because they read or hear negative things about it and they just believe them without doing their own research or study about the reality of it.

Strongkored

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Quote from: batang_bitcoin on July 26, 2016, 11:34:11 PM

Good thing that your family supporting you from using bitcoin but do you think they are going to use bitcoin soon? And that's nice to know that they gave you capital for trading and they are not an hindrance to you. I hope all of the families who has a child who do bitcoin is going to be like that supportive.

Yeah dude, you right because my family has their own busy life with their jobs. I think they are in the near future they will not use bitcoin directly. But I've been happy if they support me in using bitcoin.

batang_bitcoin

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Quote from: Strongkored on July 26, 2016, 11:16:30 PM

Quote from: ?? on ??

It is really hard for a family member to encourage to use bitcoin. They really expect that bitcoin is dead, woah! That's new and the first time to hear that someone says that here so it means they really not going to use bitcoin because they tend to think that bitcoin is already dead.
But they must try it before saying that.

In my family instead the opposite occurs, as it may be the first time I introduced the bitcoin to them in an appropriate manner. So now my family supported me using bitcoin. And not infrequently they gave me the capital to traded.

Good thing that your family supporting you from using bitcoin but do you think they are going to use bitcoin soon? And that's nice to know that they gave you capital for trading and they are not an hindrance to you. I hope all of the families who has a child who do bitcoin is going to be like that supportive.

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Quote from: tabas on July 26, 2016, 09:58:57 PM

Quote from: madwica on July 26, 2016, 09:38:56 PM

Quote from: bobyhodob on July 26, 2016, 08:36:34 PM

when people have to get something bad because bitcoin, like the money they get scammer or stolen in large quantities, it would make someone trauma and stop using bitcoin.

This is true, loosing big amount of money in terms of bitcoin can result to users to stop using it because they already lose their trust in bitcoin that is why we need to avoid scammer and we need to have stronger security of each account to be safe our money.

Well it is their fault that they are losing big amount of bitcoins.

Hahaha, sometimes I wanna to laugh that's people because they making a fault and blame bitcoin. I sure there are many examples about that. they never understand with their selves about theirs fault.

bamboylee

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Quote from: richkellj on July 26, 2016, 02:01:18 PM

Quote from: pearl11 on July 26, 2016, 08:31:20 AM

Most people are reactionary, they will all jump onto bitcoin but only when it is too late. Look at any state that goes into hyperinflation, by the time they want to get things like gold it is way too late.

It's the same as safety. often an accident needs to happen before safety is considered even if it was obvious at the time that these safety features should have already been there.

We can't really blame them for being like that since that trait can also be seen as some kind of a 'defensive mechanism' in terms of our assets since some people really just don't want to risk their assets in something that isn't a sure thing to give profit.

Almost everyone will react like that. Make sure that the water is safe before jumping in. But people who has tolerance for high risk will surely jump readily and enjoy the water. I hope when people realize how great bitcoin is, it is not yet too late.

Strongkored

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Quote from: ?? on ??

It is really hard for a family member to encourage to use bitcoin. They really expect that bitcoin is dead, woah! That's new and the first time to hear that someone says that here so it means they really not going to use bitcoin because they tend to think that bitcoin is already dead.
But they must try it before saying that.

In my family instead the opposite occurs, as it may be the first time I introduced the bitcoin to them in an appropriate manner. So now my family supported me using bitcoin. And not infrequently they gave me the capital to traded.

ImHash

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I was thinking the same thing which is why my family are not jumping in bitcoin? first time I talked about it with my brother he said bitcoin is dead, I said wtf? he showed me an article that only was a speculation.

tabas

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Quote from: madwica on July 26, 2016, 09:38:56 PM

Quote from: bobyhodob on July 26, 2016, 08:36:34 PM

when people have to get something bad because bitcoin, like the money they get scammer or stolen in large quantities, it would make someone trauma and stop using bitcoin.

This is true, loosing big amount of money in terms of bitcoin can result to users to stop using it because they already lose their trust in bitcoin that is why we need to avoid scammer and we need to have stronger security of each account to be safe our money.

Well it is their fault that they are losing big amount of bitcoins. But it is really hard if you are going to lose big amount of bitcoins. It tends to make you discourage and not going to pursue your usage of bitcoins because you are going to feel down about it.

Topic: What's stopping people from using bitcoin? - page 4. (Read 202172 times)