Intelligence and the application of knowledge.
I think you mean a shortage of Intelligence and the application of knowledge about bitcoin.the effect is when the price drops bitcoin they panic and sell their bitcoin and stopped using
Topic: What's stopping people from using bitcoin? - page 93. (Read 202139 times)
the effect is when the price drops bitcoin they panic and sell their bitcoin and stopped using
Intelligence and the application of knowledge.
That is the fast and basic answer for that. Ohhh one more it is the super laziness and some just want to focus on just one work or interest. Well for flexible people bitcoin is a great way to earn and there is a promise for a profit.
Intelligence and the application of knowledge.
May be the price volatility isn't encouraging people to use Bitcoin as payment processor or even to own it
The fluctuating price is not a problem for companies accepting payments in Bitcoins because at the end of the day they will get their profits converted to fiat through payment processors like Bitpay. I think the normal users like me and you will be far more affected by the big swings if we prefer to hold coins instead of fiat because we may win or lose money depending on what price the speculators will lead Bitcoin to at the end of the week for example.
This is what the companies are afraid of bitcoin the sudden drop in prices as it will put them in huge debt if that happens.
If there was a stable price then companies will invest in bitcoin.
May be the price volatility isn't encouraging people to use Bitcoin as payment processor or even to own it
The fluctuating price is not a problem for companies accepting payments in Bitcoins because at the end of the day they will get their profits converted to fiat through payment processors like Bitpay. I think the normal users like me and you will be far more affected by the big swings if we prefer to hold coins instead of fiat because we may win or lose money depending on what price the speculators will lead Bitcoin to at the end of the week for example.
May be the price volatility isn't encouraging people to use uᴉoɔʇᴉq as payment processor or even to own it
Yes price volatility is the major factor behind people not using moondollars as they have a fear of loosing their money if uᴉoɔʇᴉq price falls in future.
Yes i agree with you. I think price is the most stopping people from using uᴉoɔʇᴉq, like when the price decrease so down around $200+, There are many of my friends stop using uᴉoɔʇᴉq.
yes it was the price, when it started to decrease and reached to $200, everyone felt fear and and worried about their money and at that time a lot of people have lost a large amount of their wealth and so these people now have fear from bitcoin.
Volatility is irrelevant to a merchants choice to accept it as payment processors convert to fiat at very low cost.
However, to a person considering using it, yes, volatility is a concern. Why would someone who is not overly interested risk the value of what they have going down, having spent ages getting used to and learning about a whole new system of money?
However, if we look beyond them and we look at the people who would not want to just sit on it, but would be motivated to use it, and we find ways to get it into the hands of those people, then we have a recipe for success.
Don'e forget, people are extremely conservative in general and don't like change, so don't waste time trying to convert people to who it wouldn't bring any major significant benefit with no risk attached.
However, to a person considering using it, yes, volatility is a concern. Why would someone who is not overly interested risk the value of what they have going down, having spent ages getting used to and learning about a whole new system of money?
However, if we look beyond them and we look at the people who would not want to just sit on it, but would be motivated to use it, and we find ways to get it into the hands of those people, then we have a recipe for success.
Don'e forget, people are extremely conservative in general and don't like change, so don't waste time trying to convert people to who it wouldn't bring any major significant benefit with no risk attached.
May be the price volatility isn't encouraging people to use uᴉoɔʇᴉq as payment processor or even to own it
Yes price volatility is the major factor behind people not using moondollars as they have a fear of loosing their money if uᴉoɔʇᴉq price falls in future.
Yes i agree with you. I think price is the most stopping people from using uᴉoɔʇᴉq, like when the price decrease so down around $200+, There are many of my friends stop using uᴉoɔʇᴉq.
yes it was the price, when it started to decrease and reached to $200, everyone felt fear and and worried about their money and at that time a lot of people have lost a large amount of their wealth and so these people now have fear from bitcoin.
May be the price volatility isn't encouraging people to use uᴉoɔʇᴉq as payment processor or even to own it
Yes price volatility is the major factor behind people not using moondollars as they have a fear of loosing their money if uᴉoɔʇᴉq price falls in future.
Yes i agree with you. I think price is the most stopping people from using uᴉoɔʇᴉq, like when the price decrease so down around $200+, There are many of my friends stop using uᴉoɔʇᴉq.
If it falls to that level then I think majority of us will loose trust in it and will stop using it as it will take a long time to grow again.
May be the price volatility isn't encouraging people to use uᴉoɔʇᴉq as payment processor or even to own it
Yes price volatility is the major factor behind people not using moondollars as they have a fear of loosing their money if uᴉoɔʇᴉq price falls in future.
Yes i agree with you. I think price is the most stopping people from using bitcoin, like when the price decrease so down around $200+, There are many of my friends stop using bitcoin.
May be the price volatility isn't encouraging people to use uᴉoɔʇᴉq as payment processor or even to own it
According to me...most of the people are not aware about it and some people have less faith in it....but you have to understand without taking any risk you cant acheive anything...Rather than that i dont think any main reason whats stopping them from using it....
Yes price volatility is the major factor behind people not using moondollars as they have a fear of loosing their money if uᴉoɔʇᴉq price falls in future.
Sorry, moondollars? I'm new to the whole bitcoin thing. Are they related. I googled it but just came across dollars with an eagle on the moon.
May be the price volatility isn't encouraging people to use uᴉoɔʇᴉq as payment processor or even to own it
Yes price volatility is the major factor behind people not using bitcoins as they have a fear of loosing their money if bitcoin price falls in future.
I reckon it has to do with the volatility as well. A business can't really risk accepting payment for something at X value and then the price drops within a few hours or a day as they have to resupply which could result in them having a net loss.
I would imagine that's why a lot of hipster coffee places accept it, because coffee has a large profit margin so it wouldn't affect it too much.
I would imagine that's why a lot of hipster coffee places accept it, because coffee has a large profit margin so it wouldn't affect it too much.
I've spent a lot of time pondering this, and a lot of time since I stopped pondering and started doing, learning about what motivates people to use it and how more people can be encouraged to join in.
One thing I've come to realise is that people are especially wary of trying anything new. It doesn't matter if it's bitcoin, their ISP, their bank or their utilities providers, people will simply show a preference for keeping things exactly as they are, even if it's doing them harm (or at the very least, not working to their greatest advantage).
Of course, infrastructure is a big part of that. People need to be able to use to to even consider for a moment hat they might. Luckily there are now loads of ways to use it, which leaves us with just one problem.
How do we get people to want to have it in the first place?
It needs to be put into the hands of people. Not just speculators, but people who can't afford to just sit on cash, people who will be looking for ways to spend it and use it, either with companies or amongst each other. To that end I'm working on something which I'll be announcing here hopefully within the next few weeks. It'll be a great new way to get new blood involved and it wont involve them having to buy bitcoin, which they wouldn't otherwise do anyway, and it doesn't involve clicking captures for 40 hours a week to get 0.0001 btc.
One thing I've come to realise is that people are especially wary of trying anything new. It doesn't matter if it's bitcoin, their ISP, their bank or their utilities providers, people will simply show a preference for keeping things exactly as they are, even if it's doing them harm (or at the very least, not working to their greatest advantage).
Of course, infrastructure is a big part of that. People need to be able to use to to even consider for a moment hat they might. Luckily there are now loads of ways to use it, which leaves us with just one problem.
How do we get people to want to have it in the first place?
It needs to be put into the hands of people. Not just speculators, but people who can't afford to just sit on cash, people who will be looking for ways to spend it and use it, either with companies or amongst each other. To that end I'm working on something which I'll be announcing here hopefully within the next few weeks. It'll be a great new way to get new blood involved and it wont involve them having to buy bitcoin, which they wouldn't otherwise do anyway, and it doesn't involve clicking captures for 40 hours a week to get 0.0001 btc.
May be the price volatility isn't encouraging people to use Bitcoin as payment processor or even to own it
For me personally, (although I'm only new to this), is the lack of being able to use it in everyday life like cash or card.
This is one of the few reason why people are not using bitcoin because there are few or no shop available for you to spend your coins with.
They will stopping using uᴉoɔʇᴉq, when they lose a lot of money with uᴉoɔʇᴉq and that can be really bad for them so they regret and they will stop using it.
I think that it their own fault if they losing to much money with it, because you must have some patience to make some good profit and dont sell it too early.
Because patience is the most important role in uᴉoɔʇᴉq, otherwise it is not possible to make profit.
I think that it their own fault if they losing to much money with it, because you must have some patience to make some good profit and dont sell it too early.
Because patience is the most important role in uᴉoɔʇᴉq, otherwise it is not possible to make profit.
People make mistakes that will cost them a lot money and blame Bitcoin for their wrong doings.
Patience is what a lot people here don't have and probably never will have.
I really believe that only the governments can make people stop using Bitcoin as they can force banks and payment services to directly stop allowing Bitcoin transactions, which will eventually dry out everything.
For me personally, (although I'm only new to this), is the lack of being able to use it in everyday life like cash or card.
Well most of the people that I know do not even know the bitcoin itself and some people do in fact its just the fact that they do not know it.
Another reason is also that they are thinking its used by criminals, the media is always bringing bad news about the bitcoin.
yeah people only understood a glimpse of bitcoin is from the media or television shows. where they only received bad news from the bitcoin. so that they may be a bit anti the things that smelled of criminalAnother reason is also that they are thinking its used by criminals, the media is always bringing bad news about the bitcoin.
then they do not use bitcoin and stops interested
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