What's stopping people from using bitcoin? - page 64.

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Quote from: romero121 on May 12, 2016, 04:14:39 AM

Quote from: Doms on May 11, 2016, 03:02:15 AM

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.

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Quote from: Doms on May 11, 2016, 03:02:15 AM

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.

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Quote from: CoinsRoyal on May 11, 2016, 04:21:17 AM

People are stopping using Bitcoin when they see that they can earn profit with it and that is bad because they have to wait a longer time for a price increase.
And that is because people are greedy this time and that is bad for them.

There is no difference between the currency aspect of Bitcoin and fiat currencies around the world.

People interested in the currency aspect of Bitcoin can and will use it regardless of a higher or lower price.

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Quote from: tabas on May 12, 2016, 02:29:51 AM

Quote from: CoinsRoyal on May 11, 2016, 04:21:17 AM

People are stopping using Bitcoin when they see that they can earn profit with it and that is bad because they have to wait a longer time for a price increase.
And that is because people are greedy this time and that is bad for them.

I don't think people will trigger to stop using bitcoin because of they are earning with it. That is one the things that will encourage people use bitcoins, because they are earning from it. And it is benefit to them.

If they are able to make money then they will continue to use it the only thing stopping people from using it the lack of knowledge how to use it and how to make money from it.

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Quote from: tabas on May 12, 2016, 02:29:51 AM

Quote from: CoinsRoyal on May 11, 2016, 04:21:17 AM

People are stopping using Bitcoin when they see that they can earn profit with it and that is bad because they have to wait a longer time for a price increase.
And that is because people are greedy this time and that is bad for them.

I don't think people will trigger to stop using bitcoin because of they are earning with it. That is one the things that will encourage people use bitcoins, because they are earning from it. And it is benefit to them.

Properly, that people shouldn't only wait until the price of bitcoin increase, but that people must to try another ways aside that people holding their bitcoin. They can try trading or invest their bitcoin anymore.

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Quote from: CoinsRoyal on May 11, 2016, 04:21:17 AM

People are stopping using Bitcoin when they see that they can earn profit with it and that is bad because they have to wait a longer time for a price increase.
And that is because people are greedy this time and that is bad for them.

I don't think people will trigger to stop using bitcoin because of they are earning with it. That is one the things that will encourage people use bitcoins, because they are earning from it. And it is benefit to them.

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Quote from: CoinsRoyal on May 11, 2016, 04:21:17 AM

People are stopping using Bitcoin when they see that they can earn profit with it and that is bad because they have to wait a longer time for a price increase.
And that is because people are greedy this time and that is bad for them.

I can't actually pick up the point you are trying to give, but somehow i think your point matching to mine.
My point is that people see that the price is fluctuating a lot and that could cause them loss, and for earning profit they would have to wait for too long, but they don't know about all the factors of bitcoin, they don't know that meanwhile when price is growing they can increase the amount of their bitcoins by doing other things like sig campaigns altcoin trading or selling their services etc.

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People are stopping using Bitcoin when they see that they can earn profit with it and that is bad because they have to wait a longer time for a price increase.
And that is because people are greedy this time and that is bad for them.

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Quote from: sempak on May 08, 2016, 01:54:06 AM

everyone uses bitcoin because they like the way it works. bitcoin is very easy to use and very fast in delivery of funds bitcoin. people will never stop using bitcoin !!!

Even I don't know anyone who used bitcoin before and stopped using it. I don't agree that people stopping from using bitcoin.. It is little difficult for new user to start using bitcoin. because the do not know how to start using bitcoin and where to earn bitcoin. but if some one start using bitcoin. then he won't stop using it.

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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.

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Quote from: Pitchblackroom on May 10, 2016, 09:45:41 AM

I think a reason by the lack of adoption is that you need to go out of your way for buying some. You will only need Bitcoin when you actually need it. Besides some niche markets, there really isn't a huge demand for Bitcoin which Credit Cards do.

There's a lot of truth to this statement. It's getting it into peoples hands in the first place which is an issue. When they've got it, they'll use it, so we need to develop use cases which compel people to acquire it, not necessarily through going out and buying it, but by selling their goods and services in exchange for it.

If you know a web developer or someone that sells their services online, put them on to something like Open bazaar and see what happens.

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Quote from: senyorito123 on May 08, 2016, 01:50:20 AM

Quote from: JessicaSe on May 08, 2016, 01:43:45 AM

Quote from: fkvidar on May 08, 2016, 01:33:35 AM

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 that a lot of people have heard about Bitcoin but they haven't investigated anymore than that. That is the real reason people don't use Bitcoin.

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I think that some people think that the price of bitcoin will drop or bitcoin will become corrupt as free money seems to good to be true

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Quote from: umaOuma on May 10, 2016, 09:54:52 AM

I think lack of knowledge is an major issue here, as if people are not aware about bitcoin it makes difficult for them to start using it or invest their money in some new product.

That's is definitely true. I agree with you, people needs to know first all the things about bitcoin or not all the things either but some of the basic things about bitcoin, mostly, that bitcoin that be exchange into real money.
If people will understand that it can help them to get into bitcoin.

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I think lack of knowledge is an major issue here, as if people are not aware about bitcoin it makes difficult for them to start using it or invest their money in some new product.

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I think people just dont see it as an actual currency. Also it goes up and down in price all the time. But the biggest probelm for me is the
confirmation time . Some shop will honor the payment when they see the transaction on the blockchain (within seconds) but for larger purchases retailer needs 3+ confirmation which sometimes ends up being an hour.

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I think a reason by the lack of adoption is that you need to go out of your way for buying some. You will only need Bitcoin when you actually need it. Besides some niche markets, there really isn't a huge demand for Bitcoin which Credit Cards do.

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Quote from: sempak on May 08, 2016, 01:54:06 AM

everyone uses bitcoin because they like the way it works. bitcoin is very easy to use and very fast in delivery of funds bitcoin. people will never stop using bitcoin !!!

I have used the bitcoin to buy things online. It is very easy to use. I think the retailer used the Bitpay system.

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everyone uses bitcoin because they like the way it works. bitcoin is very easy to use and very fast in delivery of funds bitcoin. people will never stop using bitcoin !!!

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Quote from: JessicaSe on May 08, 2016, 01:43:45 AM

Quote from: fkvidar on May 08, 2016, 01:33:35 AM

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.

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