What's stopping people from using bitcoin? - page 7.

umaOuma

hero member

Activity: 938

Merit: 1000

Quote from: BitFinnese on July 23, 2016, 08:48:22 AM

I thing ignorance is stopping people from using bitcoin. They don't know the real usage or feature and bitcoin and only rely on what they heard negatively about bitcoin. This is very unfair because they already judge bitcoin without even knowing what it really is.

Knowledge plays an key role in it, if they are not knowledgeable enough then we cannot expect them to use bitcoin as they should be taught about it initially.

BitFinnese

copper member

Activity: 1050

Merit: 500

I think ignorance is stopping people from using bitcoin. They don't know the real usage or feature and bitcoin and only rely on what they heard negatively about bitcoin. This is very unfair because they already judge bitcoin without even knowing what it really is.

Munna98

newbie

Activity: 48

Merit: 0

Most of the people don't have the exact concept of bitcoin. Besides there always has a security problem.another thing is that bitcoin is not using largely in most countries.

CryingMidget

sr. member

Activity: 434

Merit: 250

Quote from: ardentvolcanoes on July 23, 2016, 07:51:07 AM

Quote from: Beinglove on July 22, 2016, 07:09:15 AM

A lack of knowledge about even the existence of Bitcoin keeps a majority of consumers away. For the rest of us - there are some who know but don't bother simply because it's more effort to buy Bitcoins and then spend them than just use your credit card to buy whatever you want to buy.

That was the one of the main reason , they don't have enough knowledge about bitcoin and they don't even know what is it . Some people stopped to use it and the other didn't want to use it ever because of losing their interests from investimg on bitcoin people don't want to buy bitcoin or they don't know how to get a decent earning .

I think people are holding off on using bitcoin because it's not mainstream knowledge and other things are later. Most popular people use or buy is when it's new and hot and everyone is using it. Look at cell phones, once more people started using it a lot of people adapted to that as well. I think that's what bitcoin needs. It's slowly going into the world, some people know about it but because you can't pay with it everywhere they don't want to waste their time on it.

ardentvolcanoes

sr. member

Activity: 1050

Merit: 252

Quote from: Beinglove on July 22, 2016, 07:09:15 AM

A lack of knowledge about even the existence of Bitcoin keeps a majority of consumers away. For the rest of us - there are some who know but don't bother simply because it's more effort to buy Bitcoins and then spend them than just use your credit card to buy whatever you want to buy.

That was the one of the main reason , they don't have enough knowledge about bitcoin and they don't even know what is it . Some people stopped to use it and the other didn't want to use it ever because of losing their interests from investimg on bitcoin people don't want to buy bitcoin or they don't know how to get a decent earning .

Aamir1

hero member

Activity: 756

Merit: 500

Quote from: qiman on July 23, 2016, 02:21:29 AM

I think for many people, they think there is a lot of mambo-jumbo and it seems very complicated for them. I feel they find it way too advance and nerdy, but once they start getting to understand what it is and how it works, I firmly believe they can benefit greatly from its usage.

I've always seen a lot of people dont trust you if you talk about the benefits of something like bitcoin when they come to know it is something online.
They feel it is not possible to have so many benefits with a currency that is used online, they need proves in practical world and they are too lazy themselves to have a look at what bitcoin actually is and what it can be in the future.

ImHash

hero member

Activity: 924

Merit: 506

I think as long as people can't see who is doing what behind the scenes of coding they wont trust while only the new generation aware of ups and downs of coding get involved as soon as they find out about something specially bitcoin.

qiman

hero member

Activity: 1036

Merit: 504

I think for many people, they think there is a lot of mambo-jumbo and it seems very complicated for them. I feel they find it way too advance and nerdy, but once they start getting to understand what it is and how it works, I firmly believe they can benefit greatly from its usage.

nevi111

newbie

Activity: 26

Merit: 0

I think that people can't start using bitcoin cause they don't understand what is this or they are not interested. Sometimes people just trying to solve their poblems by doing nothing .

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: Mastsetad on July 23, 2016, 01:36:06 AM

Quote from: [email protected] on July 22, 2016, 12:41:42 AM

People stop using bitcoin because they have their own reasons, They Can be scammed and go broke when they use bitcoins, They might have a bad feedback in it. They might be bankrupt when they use bitcoin like they might lose large number of money when they play bitcoin gambling games

Actually many people stop using bitcoin when they lose everything somewhere like in a HYIP or ponzi scheme or in gambling, and those are the people who wants to get a lot of bitcoins at once and when they fail they just get irritated or hurt and then they just stop using bitcoin again.

That is really disgusting and discouraging if you are going to be a victim of that kind of scamming investments. But it is their negligence, because they are not doing some proper research about it and it is your duty to know first and study the investment that you are entering.

Mastsetad

sr. member

Activity: 672

Merit: 250

Quote from: [email protected] on July 22, 2016, 12:41:42 AM

People stop using bitcoin because they have their own reasons, They Can be scammed and go broke when they use bitcoins, They might have a bad feedback in it. They might be bankrupt when they use bitcoin like they might lose large number of money when they play bitcoin gambling games

Actually many people stop using bitcoin when they lose everything somewhere like in a HYIP or ponzi scheme or in gambling, and those are the people who wants to get a lot of bitcoins at once and when they fail they just get irritated or hurt and then they just stop using bitcoin again.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: Beinglove on July 22, 2016, 07:09:15 AM

A lack of knowledge about even the existence of Bitcoin keeps a majority of consumers away. For the rest of us - there are some who know but don't bother simply because it's more effort to buy Bitcoins and then spend them than just use your credit card to buy whatever you want to buy.

Well for me they just don't know what bitcoin is and they don't believe that bitcoin is really a true money at all. But supposedly if they are going to know what bitcoin really is for sure they are going to start using bitcoin for sure. But we can't force them to do it so, what we need to do is to educate them what bitcoin really is.

peta4e

hero member

Activity: 672

Merit: 500

Quote from: abugseuf on July 22, 2016, 04:22:06 AM

Quote from: [email protected] on July 22, 2016, 12:41:42 AM

People stop using bitcoin because they have their own reasons, They Can be scammed and go broke when they use bitcoins, They might have a bad feedback in it. They might be bankrupt when they use bitcoin like they might lose large number of money when they play bitcoin gambling games

yes that may also be a reason but to me the biggest reason is that most of the people have no opportunity uf using bitcoin. therefore most of the people first change bitcoin in fiat currency and then use it in their local markets.

Even if they are selling it and using it then its good but the fact is there are many people who have not heard about bitcoin yet so we cannot expect them to use it.

Aamir1

hero member

Activity: 756

Merit: 500

Quote from: Beinglove on July 22, 2016, 07:09:15 AM

A lack of knowledge about even the existence of Bitcoin keeps a majority of consumers away. For the rest of us - there are some who know but don't bother simply because it's more effort to buy Bitcoins and then spend them than just use your credit card to buy whatever you want to buy.

From the rest of us who dont bother buying bitcoins for spending them maybe doesnt know that if we buy and hold them for a while they will grow with the time maybe that is why we dont bother buying it, if we come to know about that or any other factor of bitcoin we would definitely bother to buy bitcoins if we can afford.

Beinglove

newbie

Activity: 55

Merit: 0

A lack of knowledge about even the existence of Bitcoin keeps a majority of consumers away. For the rest of us - there are some who know but don't bother simply because it's more effort to buy Bitcoins and then spend them than just use your credit card to buy whatever you want to buy.

abugseuf

full member

Activity: 238

Merit: 100

Quote from: [email protected] on July 22, 2016, 12:41:42 AM

People stop using bitcoin because they have their own reasons, They Can be scammed and go broke when they use bitcoins, They might have a bad feedback in it. They might be bankrupt when they use bitcoin like they might lose large number of money when they play bitcoin gambling games

yes that may also be a reason but to me the biggest reason is that most of the people have no opportunity uf using bitcoin. therefore most of the people first change bitcoin in fiat currency and then use it in their local markets.

[email protected]

hero member

Activity: 560

Merit: 500

Crypterium - Digital Cryptobank with Credit Token

People stop using bitcoin because they have their own reasons, They Can be scammed and go broke when they use bitcoins, They might have a bad feedback in it. They might be bankrupt when they use bitcoin like they might lose large number of money when they play bitcoin gambling games

btcdiggingmaster

hero member

Activity: 644

Merit: 500

Transact Safer / Chase Better

There are many reasons behind this questions people are getting their coins with in minutes by purchasing through credit cards, bitcoin are not legit currency though, because it surrounded with online wallet and we have to maintain lot of securities for it. Mainly because of hacking we don't know who hacked our coins and also holding bitcoin for long time is also not safe due to price fluctuations.BTC

JeffBrad12

hero member

Activity: 2954

Merit: 533

Leading Crypto Sports Betting & Casino Platform

Quote from: Bitcotalk on July 21, 2016, 05:25:36 PM

Quote from: PsursV on July 21, 2016, 05:18:28 PM

Quote from: ezehy2014 on July 21, 2016, 04:50:08 PM

They don't want to use bitcoin because it is not a Physical cash but a cryptocurrency they are still scared

i think there are so many reasons which make people think about not to use it the first thing is the transaction conformation the second is the security issue and the third one is the limited shopping center for using bitcoin.

I think confirmation is not the issue for any person, and those who know about bitcoin and banks both will be well aware that bitcoin confirmations are more faster than the banks confirmations, banks often take 2 o 3 days for a wire transaction while bitcoin take a few minutes.

I never feeling about your said, in this time I made any transaction in the bank and just needed to have waited for a few minute.the confirmation is always become the issue by everyone getting a long time to reach the first confirmation.

btcdiggingmaster

hero member

Activity: 644

Merit: 500

Transact Safer / Chase Better

Many countries are not allowing bitcoin is one of the legal one to buy any type good , only in some countries they are accepting bitcoins for stores and many other things. Some people is stopping bitcoin of using it, because they just afraid to lose there money and they don't know how to use it.BTC

Topic: What's stopping people from using bitcoin? - page 7. (Read 202160 times)