Topic: What's stopping people from using bitcoin? - page 63. (Read 202139 times)
Its way way to difficult to use and there is hardly any place to use.. And as soon as it goes through banking like companies there is no point.
People don't like to invest their money in something which is very new to them and they also hesitate in investing their money into it as they have fear of loosing everything.
Yes, risking money in new invention is not acceptable by many of the people. This might be a real stopper. But when I find some of my friends in this same way, I convinced them by making free bitcoin to use it for their spending initially. For that faucets are a real handy.Youth will always understand the importance of innovative technology but its really difficult to convince the older generation to get into the world of bitcoin.
People don't like to invest their money in something which is very new to them and they also hesitate in investing their money into it as they have fear of loosing everything.
Yes, risking money in new invention is not acceptable by many of the people. This might be a real stopper. But when I find some of my friends in this same way, I convinced them by making free bitcoin to use it for their spending initially. For that faucets are a real handy. 
People don't like to invest their money in something which is very new to them and they also hesitate in investing their money into it as they have fear of loosing everything.
i think that for someone who is not that much techy, it is hard to understand so anyone can put trust in something they not fully understand.
People are stopping using Bitcoins when they realize that they cant earn some money with it on the moment and that is a bad mentality because they have to waited a longer time.
And that can be nice if you have the patience for it to wait a longer time until the value will be much higher.
And that can be nice if you have the patience for it to wait a longer time until the value will be much higher.
i think the lack of information. less interest of the people. and the security risk are the points that hesitate the people from using bitcoins. but i think these problems will be overcome very soon.
I agree with the lack of information, They think bitcoin is just like a pyramiding scam that all networking does, they don't know what is the advantage of it. and how will they become rich on mining and trading. The pleasure of not having a boss and work for 8 hours a day. Having more time to your family while having passive earnings to mining is the most great opportunity that we have right now knowing bitcoin. Someday more and more will learn how to use bitcoin.
I don't see lack of information as the factor that's why people stop using bitcoin. If that is the problem and they are really interested, they will seek more of the information as internet gives all answers about their questions in bitcoin. There still some serious factors compare to that thing that's why they stopped using bitcoin.
i think the lack of information. less interest of the people. and the security risk are the points that hesitate the people from using bitcoins. but i think these problems will be overcome very soon.
I agree with the lack of information, They think bitcoin is just like a pyramiding scam that all networking does, they don't know what is the advantage of it. and how will they become rich on mining and trading. The pleasure of not having a boss and work for 8 hours a day. Having more time to your family while having passive earnings to mining is the most great opportunity that we have right now knowing bitcoin. Someday more and more will learn how to use bitcoin.
People fear technology.
There are people that still didnt use internet to buy things, bitcoin or credit card, simple because they dont trust that.
Imagine use bitcoin for everything, they just cant trust that.
Bitcoin is new(yeah, it still new), give it more time. And even if bitcoin die at some point another crypto will take it place.
There are people that still didnt use internet to buy things, bitcoin or credit card, simple because they dont trust that.
Imagine use bitcoin for everything, they just cant trust that.
Bitcoin is new(yeah, it still new), give it more time. And even if bitcoin die at some point another crypto will take it place.
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?
Extreme user unfriendliness, lack of wide spread adoption, non instantaneous transactions and extreme volatility relative to other assets we generally term as "money".
Next question.
Until people in general actually feels the need to use crypto currencies, mass adoption will just be a dream, or a hope at the most. There's no actual demand right now and maybe part of that is the lack of knowldege, fear over uncertainty and instability.
As mentioned fear of uncertainty and instability is found over most of the bitcoin users who had put lot of their hard earnings. Digital Currencies have not reached people as high as gold or other commodities, when digital currencies become common adoption will happen than the present.
But for that people should have faith in bitcoin, unless they don't have total faith in it its difficult to see them investing their money, bitcoin needs a promotion on higher level.
Faith in the unseen is sometimes really hard for people. They live in a traditional way of seeing something before believing in it. That is why growing of population here is so slow. They want something to hold on to.
I think they expected to make much more money with a bit more speed.
You cannot build Rome in a single day, it requires hard work and patience to earn more, and if you don't have patience then you will surely suffer from huge losses.
I think that mean why people are just quiting and not using Bitcoin anymore. I think it is because it is not what they expected it to be.
I think they expected to make much more money with a bit more speed.
If they think like that then there's no improvement from them in this kind of cryptocurrency. Bitcoin is money so like fiat they must put some work to earn and gained it. Even a rich one putting some work even they have lots of money.
i think the lack of information. less interest of the people. and the security risk are the points that hesitate the people from using bitcoins. but i think these problems will be overcome very soon.
Until people in general actually feels the need to use crypto currencies, mass adoption will just be a dream, or a hope at the most. There's no actual demand right now and maybe part of that is the lack of knowldege, fear over uncertainty and instability.
As mentioned fear of uncertainty and instability is found over most of the bitcoin users who had put lot of their hard earnings. Digital Currencies have not reached people as high as gold or other commodities, when digital currencies become common adoption will happen than the present.
But for that people should have faith in bitcoin, unless they don't have total faith in it its difficult to see them investing their money, bitcoin needs a promotion on higher level.
Faith in the unseen is sometimes really hard for people. They live in a traditional way of seeing something before believing in it. That is why growing of population here is so slow. They want something to hold on to.
I think they expected to make much more money with a bit more speed.
I think majority of people are not aware about bitcoin yet, and if they don't know then we cannot expect that they will start using it.
Exactly, lack of knowledge is a big issue here, as many people have not even heard about bitcoin so its difficult to expect that they will start using it.
Yeah lack of knowledge seems the issue why people doubting to use bitcoin and they are afraid to stake with it because they are afraid to lose their money because they dont know where to go and where to ask if they have problems about bitcoin and some other people are not really aware to it and seems it new to their eyes.
I think majority of people are not aware about bitcoin yet, and if they don't know then we cannot expect that they will start using it.
Exactly, lack of knowledge is a big issue here, as many people have not even heard about bitcoin so its difficult to expect that they will start using it.
Yeah lack of knowledge seems the issue why people doubting to use bitcoin and they are afraid to stake with it because they are afraid to lose their money because they dont know where to go and where to ask if they have problems about bitcoin and some other people are not really aware to it and seems it new to their eyes.
Until people in general actually feels the need to use crypto currencies, mass adoption will just be a dream, or a hope at the most. There's no actual demand right now and maybe part of that is the lack of knowldege, fear over uncertainty and instability.
As mentioned fear of uncertainty and instability is found over most of the bitcoin users who had put lot of their hard earnings. Digital Currencies have not reached people as high as gold or other commodities, when digital currencies become common adoption will happen than the present.
But for that people should have faith in bitcoin, unless they don't have total faith in it its difficult to see them investing their money, bitcoin needs a promotion on higher level.
Faith in the unseen is sometimes really hard for people. They live in a traditional way of seeing something before believing in it. That is why growing of population here is so slow. They want something to hold on to.
We will see many more companies in future that will start using bitcoin, and bitcoin will be more bigger in future, and people who are not using or not having faith in bitcoin will regret in future for sure.
Until people in general actually feels the need to use crypto currencies, mass adoption will just be a dream, or a hope at the most. There's no actual demand right now and maybe part of that is the lack of knowldege, fear over uncertainty and instability.
As mentioned fear of uncertainty and instability is found over most of the bitcoin users who had put lot of their hard earnings. Digital Currencies have not reached people as high as gold or other commodities, when digital currencies become common adoption will happen than the present.
But for that people should have faith in bitcoin, unless they don't have total faith in it its difficult to see them investing their money, bitcoin needs a promotion on higher level.
Faith in the unseen is sometimes really hard for people. They live in a traditional way of seeing something before believing in it. That is why growing of population here is so slow. They want something to hold on to.
Until people in general actually feels the need to use crypto currencies, mass adoption will just be a dream, or a hope at the most. There's no actual demand right now and maybe part of that is the lack of knowldege, fear over uncertainty and instability.
As mentioned fear of uncertainty and instability is found over most of the bitcoin users who had put lot of their hard earnings. Digital Currencies have not reached people as high as gold or other commodities, when digital currencies become common adoption will happen than the present.
But for that people should have faith in bitcoin, unless they don't have total faith in it its difficult to see them investing their money, bitcoin needs a promotion on higher level.
Faith in the unseen is sometimes really hard for people. They live in a traditional way of seeing something before believing in it. That is why growing of population here is so slow. They want something to hold on to.
Until people in general actually feels the need to use crypto currencies, mass adoption will just be a dream, or a hope at the most. There's no actual demand right now and maybe part of that is the lack of knowldege, fear over uncertainty and instability.
As mentioned fear of uncertainty and instability is found over most of the bitcoin users who had put lot of their hard earnings. Digital Currencies have not reached people as high as gold or other commodities, when digital currencies become common adoption will happen than the present.
But for that people should have faith in bitcoin, unless they don't have total faith in it its difficult to see them investing their money, bitcoin needs a promotion on higher level.
Faith in the unseen is sometimes really hard for people. They live in a traditional way of seeing something before believing in it. That is why growing of population here is so slow. They want something to hold on to.
Jump to: