What's stopping people from using bitcoin? - page 9.

Betwrong

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Quote from: ironm@n on July 20, 2016, 07:53:29 PM

Perhaps the uncertainty regarding the volatility.

Maybe you are right but this looks strange to me. Is Bitcoin the only volatile thing in the world? Just take a look at the price of gold in the last 5 years or some other countries currencies, many of them are volatile too.

IMO ignorance is the main reason why people are not using Bitcoin.

Mastsetad

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Quote from: StoreBit on July 20, 2016, 04:44:55 PM

i think the most important issue that people are facing and which make people from stopping bitcoin is that they do not have opportunities to use bitcoin in their local area.

I totally agree with that.
Lets say if using bitcoin is not considered illegal in a country and in that country a place or a market is just accepting bitcoin as a payment so the local people would surely have to take interest or use bitcoin for shopping in that market and in that way many people will start using bitcoin.

Schuyler

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Quote from: coinsocieties on July 20, 2016, 04:03:58 PM

One of the large things stopping people from using Bitcoin is the fact that bitcoin is still considered an asset and not considered a currency in most countries. This stops a lot of companies from taking bitcoin because they do not want to deal with their asset taxes. Just my opinion though.

You are correct. And also, people are not yet aware of it as an asset or as income generating digital currency. The common people would just shy away from these kinds of things because of the instability and the unsecured nature of cryptocurrencies altogether.

JeffBrad12

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Quote from: coinsocieties on July 20, 2016, 04:03:58 PM

One of the large things stopping people from using Bitcoin is the fact that bitcoin is still considered an asset and not considered a currency in most countries. This stops a lot of companies from taking bitcoin because they do not want to deal with their asset taxes. Just my opinion though.

I don't think so, for me having or investing on bitcoin is to avoid the asset taxes, for example like gold will getting a taxes and house and etc. but nothing for bitcoin. the taxes of bitcoin is at making any transaction in my minds.

elyas772

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Quote from: Coin_trader on July 20, 2016, 08:06:15 PM

another thing that stopping people from using bitcoin is their unawareness of the potential of bitcoin, maybe because of their illiteracy in computer their lack of knowledge about the internet and the fear of loosing their investment if being put on bitcoin.

agree it, goverment can control each bitcoin transaction, then goverment give warning to use bitcoin, and media expose bitcoin with something illegal activity.

Blackmet

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People just don't interested or don't know nothing about bitcoins, first one is the most known cause when people don't want to do something, they are just postpone it.

Coin_trader

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another thing that stopping people from using bitcoin is their unawareness of the potential of bitcoin, maybe because of their illiteracy in computer their lack of knowledge about the internet and the fear of loosing their investment if being put on bitcoin.

BeGoods

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Quote from: HarryKPeters on July 14, 2016, 05:27:38 PM

Quote from: Gahs on July 14, 2016, 03:34:15 PM

I think these companies do not use bitcoins because they do not see any special need to do so, some bitcoin exchanges have fees as high as 20% - this is higher than a simple bank transfer.

They might also have this nagging fear that bitcoins might collapse one day like some of the other cryptocurrencies have done in time past.

Fear of bitcoin collapsing is a fear we all had once, I know I did.
But seeing the market cap back at 10 Billion my faith is strong, much stronger then when I "started" with bitcoin

yeah i think it is the anxiety many users or large investors in bitcoin. because you understand that bitcoin users easily panic. when the price falls then many of them actually sell their bitcoin for fear, it was made into a bitcoin prices down? Imagine if the panic that occurs for most users? bitcoin probably could collapse

ironm@n

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Perhaps the uncertainty regarding the volatility.

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Quote from: StoreBit on July 20, 2016, 04:44:55 PM

Quote from: coinsocieties on July 20, 2016, 04:03:58 PM

One of the large things stopping people from using Bitcoin is the fact that bitcoin is still considered an asset and not considered a currency in most countries. This stops a lot of companies from taking bitcoin because they do not want to deal with their asset taxes. Just my opinion though.

yes that is a fact but i think the most important issue that people are facing and which make people from stopping bitcoin is that they do not have opportunities to use bitcoin in their local area.

Well you are right people tend to think that bitcoin is not real currency, and if they are thinking that way of course they are not going to put importance to it and it is going to be ignored at all.
That is really stopping people from using bitcoin at all. Hopefully they will going to realize that it is just not an asset at all.

StoreBit

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Quote from: coinsocieties on July 20, 2016, 04:03:58 PM

One of the large things stopping people from using Bitcoin is the fact that bitcoin is still considered an asset and not considered a currency in most countries. This stops a lot of companies from taking bitcoin because they do not want to deal with their asset taxes. Just my opinion though.

yes that is a fact but i think the most important issue that people are facing and which make people from stopping bitcoin is that they do not have opportunities to use bitcoin in their local area.

coinsocieties

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One of the large things stopping people from using Bitcoin is the fact that bitcoin is still considered an asset and not considered a currency in most countries. This stops a lot of companies from taking bitcoin because they do not want to deal with their asset taxes. Just my opinion though.

virtualkeybuyer

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Quote from: olubams on July 20, 2016, 01:08:22 PM

Quote from: Lauda on October 16, 2015, 08:40:19 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).

The only reason I can think of that is stopping people from using Bitcoin is the legalization of Bitcoin by government thereby making it a legal tender. At first, people might be skeptical at first but with the legalization of Bitcoin coin it will reduce the fear and probably increase its acceptance among the populace and this will also lead to various regulations and policy to the currency... My 2 cents...

You are right there are some countries whose people have fear that one day their government will also ban the use of bitcoin in their countries because of criminals interest in that coin and with that they remain restricted from that currency, I think if the governments give it legalization then they will work for it to make it detectable and s the crimes will be reduced.

olubams

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Quote from: Lauda on October 16, 2015, 08:40:19 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).

The only reason I can think of that is stopping people from using Bitcoin is the legalization of Bitcoin by government thereby making it a legal tender. At first, people might be skeptical at first but with the legalization of Bitcoin coin it will reduce the fear and probably increase its acceptance among the populace and this will also lead to various regulations and policy to the currency... My 2 cents...

crairezx20

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Quote from: torrentheaven on July 20, 2016, 12:27:52 PM

Quote from: diegz on July 20, 2016, 06:49:15 AM

Quote from: opossum on July 20, 2016, 06:44:13 AM

Quote from: diegz on July 20, 2016, 06:37:27 AM

Quote from: Bitcoinbro on July 20, 2016, 02:28:45 AM

I think that the biggest reason what is stopping people from using Bitcoin is that not everyone can afford the high prices from now.
The price only gets higher and many people miss the boat this way.

Well, that could be true, but I think not all the time, a new comer would always want to invest into it, so being late is not that big problem and not a hindrance not to try bitcoin..Most of the time one would not try bitcoin because they do not know what it is..

Yeah lack of knowledge is main issue in people not going for bitcoin as they are not aware about it and they don't know how to use it or how to earn it.

Mostly on those far areas where internet is not yet stable or to those places where information takes time before they could know about something that is happening in the world, that is where people almost don't have knowledge about bitcoin, not to mention that not all the people in the world own a computer..

Yeah and there are many people who hesitate in using internet and expecting from them to use bitcoin is a very big deal as they will prefer to use fiat currency.

Also many people not illiterate on PC thats why they didnt know about bitcoin.. or even people known how to use pc they are afraid because they always heard news that everything online are scams. like investing..

pearnapple

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Quote from: ?? on ??

no, i do not think that stopping people from bitcoin , because maximum people want to invest their money in bitcoin and maximum people use bitcoin for online shopping etc .

yeah a lot of people want to invest into bitcoins and it is a really great thing because that means that people are willing to spend their money to have an investment

torrentheaven

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Quote from: diegz on July 20, 2016, 06:49:15 AM

Quote from: opossum on July 20, 2016, 06:44:13 AM

Quote from: diegz on July 20, 2016, 06:37:27 AM

Quote from: Bitcoinbro on July 20, 2016, 02:28:45 AM

I think that the biggest reason what is stopping people from using Bitcoin is that not everyone can afford the high prices from now.
The price only gets higher and many people miss the boat this way.

Well, that could be true, but I think not all the time, a new comer would always want to invest into it, so being late is not that big problem and not a hindrance not to try bitcoin..Most of the time one would not try bitcoin because they do not know what it is..

Yeah lack of knowledge is main issue in people not going for bitcoin as they are not aware about it and they don't know how to use it or how to earn it.

Mostly on those far areas where internet is not yet stable or to those places where information takes time before they could know about something that is happening in the world, that is where people almost don't have knowledge about bitcoin, not to mention that not all the people in the world own a computer..

Yeah and there are many people who hesitate in using internet and expecting from them to use bitcoin is a very big deal as they will prefer to use fiat currency.

trickshot22

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Quote from: Bitcoinbro on July 20, 2016, 02:28:45 AM

I think that the biggest reason what is stopping people from using Bitcoin is that not everyone can afford the high prices from now.
The price only gets higher and many people miss the boat this way.

i dont think that it is such a huge problem, in my opinion people can still invest their money into it and make some good profit in the future that would make them rich

naidray

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Quote from: blackmachinegun on July 17, 2016, 04:05:14 PM

Quote from: lionheart78 on July 17, 2016, 02:03:01 PM

I think one of the main reason that stopping people from using bitcoin is the lack of knowledge coupled with bad press. This explain much for some people are afraid to have a connection to things that have something to do with illegal activities. Due to their lack of knowledge about bitcoin, they think that bitcoin itself is illegal.

yeah their knowledge of bitcoin are still few and poor they were so afraid of bitcoin, such as fear when prices fall and will make them into bankruptcy this happens because they do not have much knowledge about bitcoin. if cases like this what we should do

Yes, that is the fact that whenever the newbies see any down fall in the price they immediately sell all of their coins and do not know that fluctuations like that happens in any trading asset any time, and lose a big amount in there. Having enough knowledge on bitcoin might save their money and tension too.

diegz

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Quote from: opossum on July 20, 2016, 06:44:13 AM

Quote from: diegz on July 20, 2016, 06:37:27 AM

Quote from: Bitcoinbro on July 20, 2016, 02:28:45 AM

I think that the biggest reason what is stopping people from using Bitcoin is that not everyone can afford the high prices from now.
The price only gets higher and many people miss the boat this way.

Well, that could be true, but I think not all the time, a new comer would always want to invest into it, so being late is not that big problem and not a hindrance not to try bitcoin..Most of the time one would not try bitcoin because they do not know what it is..

Yeah lack of knowledge is main issue in people not going for bitcoin as they are not aware about it and they don't know how to use it or how to earn it.

Mostly on those far areas where internet is not yet stable or to those places where information takes time before they could know about something that is happening in the world, that is where people almost don't have knowledge about bitcoin, not to mention that not all the people in the world own a computer..

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