Topic: What's stopping people from using bitcoin? - page 52. (Read 202161 times)
The fear of the unknown is a very big reason for most people. And that alone can prevent them from getting into crypto.
So after reading this article and especially the ending:
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?
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?
In my country their only one reaso why they stopping in bitcoin. I think this is the also reason why other people in other country stopping in bitcoin. The reason is they loss many funds in bitcoin and they think that this bitcoin cant earn more. They loss in hyips, gambling, and many sites that promising their investors to double thier money.
I think that is just so not true, the fact is that if you believe in such kind of websites that can double your money its just bullshit...
The most here do not even trust it here..
So after reading this article and especially the ending:
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?
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?
In my country their only one reaso why they stopping in bitcoin. I think this is the also reason why other people in other country stopping in bitcoin. The reason is they loss many funds in bitcoin and they think that this bitcoin cant earn more. They loss in hyips, gambling, and many sites that promising their investors to double thier money.
The big reason people stopping using bitcoin is the price of bitcoin. Why ? Because, if the price of bitcoin goes down to $1 or more, i'm sure people will not using bitcoin again.
AHHA moment this is certainly true and everyone will immediately turned his on bitcoin. But I think this can only occur if in the future there is a digital currency is much better and much more friendly than bitcoin. I think that the future of the bitcoin will be much better and grow taller again.
brand new and difficult to understand blockchain .
I think bitcoin is still not yet brand new or maybe in the mind of people it is still brand new, but brand new things are easy to study.
And I guess block chain now is more easier to use you just need to explore things and learn it by yourself.
But I know there are some people that these reasons are really stopping them to use bitcoin.
brand new and difficult to understand blockchain .
People is stopping using Bitcoin when they are know that they cant earn money with Bitcoin on that moment and that is really bad because it will be later have a higher value.
But of course it will be nice if you can make fast profit but that is not every time possible.
But of course it will be nice if you can make fast profit but that is not every time possible.
nothing can stop someone for using bitcoin. bitcoin provides convenience and speed for each remittance transaction. everyone will be looking for things that can make them more easily.
There is still a reason why people are stopping in using bitcoin, just like those people that aren't techy, because they cannot get into the technology
trend especially with bitcoin, even we will tell them that bitcoin really gives convenience.
But if they don't know how to use it and they really tend not to gain some knowledge about it, it will just fall into avoiding using bitcoin.
It all comes down to a conclusion that people who aren't using Bitcoin doesn't know about bitcoin. They aren't eager to learn things about bitcoin though. They aren't aware of the fact that bitcoins can also be used in a good way. All of they can think of is that bitcoins are used by scammers and are used when you want to hire a hitman on the deep web. They don't want to dig up the advantages of bitcoins, all they see is the negative side of it.
what stops people from using facebook in 2004?
nothing, they just didn't know it yet.
or maybe their friends didn't use it yet
we are facebook in 2004 (or maybe 2005 by now).
give it 5 years, and we'll have 500 million users and coins will cost hundreds of thousands of dollars.
(fun fact i had a facebook account in 2007)
nothing, they just didn't know it yet.
or maybe their friends didn't use it yet
we are facebook in 2004 (or maybe 2005 by now).
give it 5 years, and we'll have 500 million users and coins will cost hundreds of thousands of dollars.
(fun fact i had a facebook account in 2007)
i think there are to many people who just think that the bitcoin is just for computer freaks or just for gamers and other pc freaks. But everybody can use it it is just a paying method.
These type of peoples are the real enemy of bitcoin. everyone think like that mean they don't even know the ABCD of bitcoin.
and I don't think so these people can really effect bitcoin and bitcoin usage, although these people in lose themselves because they are not in such an high quality technology. anyone using bitcoin who is in advance world, and anyone reject bitcoin after knowing about it, that mean he is just a stupid,
i think there are to many people who just think that the bitcoin is just for computer freaks or just for gamers and other pc freaks. But everybody can use it it is just a paying method.
nothing can stop someone for using bitcoin. bitcoin provides convenience and speed for each remittance transaction. everyone will be looking for things that can make them more easily.
There is still a reason why people are stopping in using bitcoin, just like those people that aren't techy, because they cannot get into the technology
trend especially with bitcoin, even we will tell them that bitcoin really gives convenience.
But if they don't know how to use it and they really tend not to gain some knowledge about it, it will just fall into avoiding using bitcoin.
some people stop using bitcoin because some cant control their gambling addiction , especially when using bitcoin every thing are easy to reach, they can gamble whenever they are because you only need internet and mobile or laptop to be able to gamble. well having a bitcoin is already a form of gambling ,
Well, that's AFTER using bitcoin. The question was what's stopping people from using bitcoin, meaning they have not used bitcoin and why they are not using bitcoin. I would have to agree with you though that bitcoin is somehow a form of gambling because it has risks eithier loosing or gaining money. So after reading this article and especially the ending:
i think that there are many reasons why some people don't use bitcoins, first one is that bitcoins is still very young and people don't know enough about them so they are afraid of them
and other reason is maybe that they heard sometimes on tv or saw on internet about hacked wallets and lost money so they think that bitcoins are very risky so they don't use them
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?
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 think that there are many reasons why some people don't use bitcoins, first one is that bitcoins is still very young and people don't know enough about them so they are afraid of them
and other reason is maybe that they heard sometimes on tv or saw on internet about hacked wallets and lost money so they think that bitcoins are very risky so they don't use them
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?
nothing can stop someone for using bitcoin. bitcoin provides convenience and speed for each remittance transaction. everyone will be looking for things that can make them more easily.
There can be several factors but the main two are, according to me: 1. the impossibility to use bitcoin in most of the everyday uses and the incapacity to compete with the cash and credit/debit cards in such actions. 2. most of the people are not high tech lovers and as such find difficult to substitute a simple way to make their everyday bought/sale actions (use of paper money and credit/debit cards) with a - in view - difficult way to make such operations.
I think the biggest flaw of Bitcoin is still volatility.
Let's ask it that way: If you had known of Bitcoin after the late-2013 bubble, would you use it for every transaction you have to do, even your salary? I guess for most people (above all, the poorer half) the answer is still clearly No. It's not fun if you get your salary and one day later it's 10% less worth. Or even 5%.
I have some time ago advocated for goods & services marketplaces with prices in BTC that are "locked" for some time, at least for 24 hours. That would give people possibilities to "back" Bitcoin a bit without much risk, and people concerned about possible price decreases would know even in a crash they could buy things for the same price than before the downswing there. Above all sellers of digital goods would not have even risk there, because in a downtrend / crash they could expect a rise in sells.
This is one possible model to attack volatility. There sure are more.
I know most people like volatility when price's going up like now (or when they are experienced traders and can short BTC) but most people would be more comfortable with a more stable Bitcoin.
Let's ask it that way: If you had known of Bitcoin after the late-2013 bubble, would you use it for every transaction you have to do, even your salary? I guess for most people (above all, the poorer half) the answer is still clearly No. It's not fun if you get your salary and one day later it's 10% less worth. Or even 5%.
I have some time ago advocated for goods & services marketplaces with prices in BTC that are "locked" for some time, at least for 24 hours. That would give people possibilities to "back" Bitcoin a bit without much risk, and people concerned about possible price decreases would know even in a crash they could buy things for the same price than before the downswing there. Above all sellers of digital goods would not have even risk there, because in a downtrend / crash they could expect a rise in sells.
This is one possible model to attack volatility. There sure are more.
I know most people like volatility when price's going up like now (or when they are experienced traders and can short BTC) but most people would be more comfortable with a more stable Bitcoin.
i do like to accept and yes i faced many peoples actully most peoples are like old religious type peoples bitcoin is hard to belive for them they only know one thing only trust banks and everything except it is a scam so when ever i try to explain them they dont listen to me and simple advice me to stay away from this because i will lose my money. well its actully based on how i use this stuff if i play it fare then i will make profit nd if i do bad options then i will get bad they should grow up their thinking
The big reason people stopping using bitcoin is the price of bitcoin. Why ? Because, if the price of bitcoin goes down to $1 or more, i'm sure people will not using bitcoin again.
Lack of knowledge is the main thing, thats why people dont use bitcoin
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