What's stopping people from using bitcoin? - page 78.

znickelbackz

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Quote from: diodio5 on April 20, 2016, 09:40:23 PM

Quote from: umaOuma on April 19, 2016, 12:07:20 PM

People have fear of loosing their money by investing in digital currency as bitcoin is still new and majority of the people are not aware about it and they don't want to invest in new product.

therefore before you try to invest in bitcoin you should know the risks involved in investing in bitcoin.
so you know the problem of investment in bitcoin. so when the problem came.
you do not panic and do not stop at using bitcoin

stop using bitcoin when there is no problem is regretful, but when the problem came, keep a hard head and not stop using it is not a good decision. you can stop and come back later when the problem was solved. you should be flexible about it.

RealPhotoshoper

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Quote from: betohell on April 20, 2016, 08:40:30 AM

Quote from: agustina2 on April 20, 2016, 07:58:01 AM

Actually there's no right thing that stopping people from using bitcoin. Those people are just not want to try this currency because of some major factors they are experiencing if they use this kind of currency rather than in their usual system of financing.

I think there is no urgent reason to stop using bitcoin. because in fact bitcoin has all the advantages that exist.
so people need a good reason to get out of the bitcoin

People would always worry about the pice of bitcoin, so I think one of major reasons to stop use bitcoin are the price.
Would you still use bitcoin if the price down to $5 and it's stuck there where you have bought $100k at $400 ?
I belive more than half of bitcoin user would leave bitcoin for this reason.

dhimasnk

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perhaps, people stop using bitcoin in frustration after being exposed Ponzi schemes and other scams

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Quote from: TheCarrotBaou on April 20, 2016, 11:41:31 PM

I've said it before and I'll say it again: the reputation.

The ponzi scammers scares out the newbies whom they have scammed. Those talkative newbies then will tell people as if it's a breaking news. This therefore gives bitcoin a bad reputation.

Although it's the newbie's fault and no one else's that he had fallen victim into one of those HYIP/ponzi scams. Roll Eyes

As for me, now that I've started using bitcoin as one of the major currencies, I will not stop from using it. Simply because all the advantages it gives like anonymity and being tax-free. This is the privileges that we are not getting and will never get from fiat money.

TheCarrotBaou

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I've said it before and I'll say it again: the reputation.

diodio5

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Quote from: umaOuma on April 19, 2016, 12:07:20 PM

People have fear of loosing their money by investing in digital currency as bitcoin is still new and majority of the people are not aware about it and they don't want to invest in new product.

therefore before you try to invest in bitcoin you should know the risks involved in investing in bitcoin.
so you know the problem of investment in bitcoin. so when the problem came.
you do not panic and do not stop at using bitcoin

beerlover

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Sometimes people do not want to use things and they worry what actually crypocurrency is and hence they do not try BTC . Like last week I was talking to someone and told about BTC , he simply said " Only known some e-processors " Shocked

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BitsandBites

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Quote from: Lauda on October 16, 2015, 09:40:19 AM

You're asking a very complex question. This question can not be answered with a reason or two. There are many factors in play. Maybe Bitcoin is still too complex for some people. Besides, the majority are ignorant and closed-minded (change is hard to accept).

Yeah I agree their are many reason why people are stopping with Bitcoin. They either find Bitcoin to hard to understand or they just do not like waiting.
If you want to make money with Bitcoin everyone knows that waiting is key.

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Quote from: agustina2 on April 20, 2016, 07:58:01 AM

Actually there's no right thing that stopping people from using bitcoin. Those people are just not want to try this currency because of some major factors they are experiencing if they use this kind of currency rather than in their usual system of financing.

I think there is no urgent reason to stop using bitcoin. because in fact bitcoin has all the advantages that exist.
so people need a good reason to get out of the bitcoin

agustina2

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Actually there's no right thing that stopping people from using bitcoin. Those people are just not want to try this currency because of some major factors they are experiencing if they use this kind of currency rather than in their usual system of financing.

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Quote from: Rotator on April 19, 2016, 12:33:02 PM

It is in human nature to be scared from something that is new and on the first hand complicated. This must be clarified, good videos are needed. Especially those for dummies. Most people are mediocre users without much knowledge about cryptography..

Yeah someone creates a videos for teaching bitcoin to dummies. But who will promote it. Do we have a good community here that will do something for it to be popular to those people that dont have enough knowledge.

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Quote from: n0ne on April 19, 2016, 02:25:49 PM

Quote from: umaOuma on April 19, 2016, 12:07:20 PM

People have fear of loosing their money by investing in digital currency as bitcoin is still new and majority of the people are not aware about it and they don't want to invest in new product.

Yeah everyone knew the reality of the bitcoin, only the hesitation is just based upon the fluctuations that happens as well the price being stable at unpredicted instances. This would surely change by the following years.

If price reaches to a descent level and remains stable for a long time then it can attract many users to think of start using bitcoin, and if it doesn't happen then bitcoin will need to put extra efforts to win the hearts of the people.

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Quote from: umaOuma on April 19, 2016, 12:07:20 PM

People have fear of loosing their money by investing in digital currency as bitcoin is still new and majority of the people are not aware about it and they don't want to invest in new product.

Yeah everyone knew the reality of the bitcoin, only the hesitation is just based upon the fluctuations that happens as well the price being stable at unpredicted instances. This would surely change by the following years.

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Quote from: Rotator on April 19, 2016, 12:33:02 PM

It is in human nature to be scared from something that is new and on the first hand complicated. This must be clarified, good videos are needed. Especially those for dummies. Most people are mediocre users without much knowledge about cryptography..

Bitcoin still not reached everywhere in the world .and some peoples who use it but still dont use it are because they think it has a lot of risk and i thonk they are also thinking right bitcoin is very violent when ever i saw it but i dont care about the price mostly i am here to understand the whole technology so price don't effect me but maximum peoples are here due to the bitcoin price they want just to grow their money without any risk bitcoin is profitable...

Rotator

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It is in human nature to be scared from something that is new and on the first hand complicated. This must be clarified, good videos are needed. Especially those for dummies. Most people are mediocre users without much knowledge about cryptography..

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Quote from: umaOuma on April 19, 2016, 12:07:20 PM

People have fear of loosing their money by investing in digital currency as bitcoin is still new and majority of the people are not aware about it and they don't want to invest in new product.

true, they may be afraid to try new investment with new or new product they know. very many stopped using bitcoin as always heard that bitcoin will become a thing of value, the price will drop to $ 5 or lower, it scares them and stop using bitcoin

umaOuma

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People have fear of loosing their money by investing in digital currency as bitcoin is still new and majority of the people are not aware about it and they don't want to invest in new product.

andrew24p

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personally I believe user friendliness. I think if we want to have bitcoin become mainstream we need to first have regulated insured central entities that let someone use and secure bitcoin without much knowledge. Along with this a mainstream etf for people to invest in the coins without having to worry about security. Then there can be another type of user who is knowledgeable and keeps their coins and private keys managed by themselves. Without having support for both types of these users I don't think we will continue to grow exponentially. A very unpopular opinion to some.

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Quote from: BitHodler on April 19, 2016, 10:33:47 AM

Quote from: Hashminers on April 19, 2016, 09:37:10 AM

The fact that you have to wait so long before something is happening with the price of Bitcoin. This annoys me as well and I thought about stopping with Bitcoin sometimes.
Especially when I need the money I want to sell everything but at the same time I think about what the price could be in the future.

It makes no sense to quit using Bitcoin just because there is no way to predict the price.

The recent stability in the price offers people a good amount of time to either buy or unload plenty of coins if they so wish. Use it in your advantage.

Exactly and I don't this is the right time to sell everything, in fact this is perfect time for buying, price is rising slowly at a moment, we can expect better price in future.

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Quote from: Hashminers on April 19, 2016, 09:37:10 AM

The fact that you have to wait so long before something is happening with the price of Bitcoin. This annoys me as well and I thought about stopping with Bitcoin sometimes.
Especially when I need the money I want to sell everything but at the same time I think about what the price could be in the future.

It makes no sense to quit using Bitcoin just because there is no way to predict the price.

The recent stability in the price offers people a good amount of time to either buy or unload plenty of coins if they so wish. Use it in your advantage.

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