Topic: What's stopping people from using crypto currency? (Read 232 times)

Lack of knowldege about Cryptocurrency I think is one of the main factor why they are stopping from using it! I think if they had a huge knowledge about it and know how it works and how it can bless their lives, there's no reason to stop.

if we talk about the use of crypto currency in everyday life, then people do not use it because it is not regulated by many states, and if we are talking about investing in the crypto currency, people are afraid to do it because of the high volatility of the market 

Most of people afraid all new things. Doesn't matter what it is - crypto or internet.

Stupids governs, as always being the main obstacle to global contact and innovation
Restrictions to travel from one place to other.
Restriction/fees to buy goods from another country.
Restriction for what they just fear and cant put their hand on it, like crypto
Governs live leeching peoples profits, look some started to add taxes to mining.

We are really far of a better and unified world.

Sry if I went off topic.

I think the government does not want to use crypto because crypto is decenterized, the government can not control them and that will make government angry. So the governments are making policies to regulate the crypto.

Its almost entirely the mainstream media basically brainwashing people into thinking they are supporting pedophiles and terrorism if they participate in cryptocurrency. The last remaining reason thats holding it back is transaction speed. Ripple is the only network that can even come close to the VISA network. It needs to be at least as fast as VISA before retailers and consumers start adopting it.

if he has no internet connection.the govt ban is not reason. Chinese still trade crypto while the dictator ban crypto. Many countries who ban crypto earn nothing. people will trade in blackmarket. It is worse than legalize crypto as currency or asset. if crypto as asset the govt can draw tax from crypto exchanger. Black market will only cause black transaction.

There are people who don't want to deal with it because it is something they don't understand. There are also people afraid of regulatory problems.

None of these are good reasons for people to be afraid of Bitcoin, since understanding its use is quite simple, and in most countries in the world Bitcoin is not illegal.

There arw a lot of reasons as to why some people are not able to or is really discouraged to invest in bitcoin. These reasons may be financial, meaning they couldn't afford to invest in the first place. Otger reasons may be because of the fears and doubts the person has over bitcoin and cryptocurrency as a whole. And lastly, they might have been discouraged by relatives or close friends to invest.

People were not using crypto it's because they haven't know what are the benefits of using crypto, and they are afraid that crypto is illegal in their country, honestly, since i got into crypto, i can earn much money by myself, i can support my family, there's nothing wrong with crypto, crypto helps a lot of people, let's hope all of the government in this world will allow and legalize crypto as a payment currency

I think forward thinking individuals like most already in crypto can see the potential and want to be a part of this movement. Other people are more hesitant towards new tech. they will buy into them when 40-50% of their close family and friends get into it. They will most likely follow what is considered a norm today rather than what could be big in the future. How many of you know people who said some new idea or tech is stupid and before you know they have it when its the cool new item everyone is raving about. Everyone who isn't in it right now rest assured will eventually use crypto sooner rather than later. Whether consciously or using it indirectly when major brands start adopting it for micropayment etc.

Some people really don't know cryptocurrencies, they think it is a scam, a pyramid scheme or a ponzi scheme. They don't know how cryptocurrencies can improve the payment systems.
Nowadays there are many people really now cryptocurrencies and their advantages. But they don't invest in cryptocurrencies or they have left the market, because they think that governments won't allow cryptocurrencies to grow anymore.

Basically, there are considerations and factors why people from this current situation does not use cryptocurrency because currently the price of bitcoin and altcoins were successively declining where they might think it may not recover. Another factor could be that in a certain country cryptocurrency is illegal since there is a total ban therefore people from that country tend not to get involve. Negativity such as bad news from the media thus create FUD from the people who are cryptocurrency users.

There is many reasons but the most important  reason why people stop using crypto is that are scared of government because holding crypto is become illegal now in many countries.

I believe that a large number of people do not use crypto currency because of a lack of understanding of technology. Many do not have understanding even on the level of the basics of cryptography and digital money.

The reasons why people stop using cryptocurrency are first the government why? because the government is trying their efforts to regulate bitcoin via exchanges so, if you son't have any government issued IDs which is required in identity verification stuffs lastly the price why? because the price is very unstable that some inveator lose a thousand dollars or more if bitcoin price drops as a result many people will sell their bitcoin and lose their confidence to hold crypto again

Why other people dont use/invest on crypto its because of FUD i think thats the main reason because others spread non sense FUDS  we the crypto community knows the truth however others dont thus they fear investing in cryptocurrecy.

There are also subfactor like:
Some government dont support crypto

The government regulation only to protect investors from the scammers. Volatility couldnot be the reason for that. it seems  like people are stopping by using crypto due to the various reason. Just like they are feeling stressed to see the fact that they are loosing a lot in the trade caused by cutloss his amount.

There are many difficulties yet. If you are going to see the latest surveys of the average Internet user produced by the Mozilla Institute and MIT[1], you will see that the vast majority of people have no idea how the internet works.

A large portion of people restrict their time on the internet to some sites like facebook. Many believe that facebook represents the internet. They have no idea what a protocol is. They do not understand how different protocols can interact. And all the news that reaches this large part of the population treats Bitcoin only as a virtual currency that has increased in value. That is, we are very far from a global adoption, since knowledge about Blockchain and protocols is limited. It is still not clear that it is a much more efficient way to serve as an intermediary as an exchange of goods, goods, services and store of value.

So, answering the initial question, what prevents more people from using this new technology is the lack of sufficient knowledge to start using it. It needs to be clear that this represents a breakthrough, an economy and a greater speed when compared with traditional means. But the prospects are the best. The paper world is over. We will no longer have newspapers, books and paper invoices. Except in antique stores. That being so, paper money will also end. And the best and most reliable technology is the projects thats uses blockchain.

I think the lack of understanding is not only due to education but also because of the technical aspect in general.