Why do people avoid bitcoin? | Bitcointalksearch.org

3meek

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Quote from: FIFA worldcup on February 07, 2021, 06:13:33 AM

Quote from: Rruchi man on February 07, 2021, 06:04:55 AM

Quote from: Wesleyeric on October 07, 2020, 01:35:57 AM

I do notice that some people naturally don’t allow bitcoin in any of their daily transactions.

It is a common mode of action for people to fear what they have little or no understanding about. It is also a common thing that some people respond and accept changes a lot more slower than others. You do expect a man who normally receives his salary in dollars, to suddenly accept bitcoin as a new tender without proper information on what bitcoin is and its prospects. However, with time as popularity increases and acceptance is gained, people will come around.

There are people in the world who think that fiat and paper currency is the real money, rest all is scam or short term money making opportunity. Due to their lack of high vision thinking they are unable to realize that the future is of digital currency and bitcoin will be the king of those currency. Even with institutions adopting it, they still think it is a scam, strange Huh

I don't think many people consider bitcoin a scam... It's just that most people are used to the old stuff... The same way people used to not trust plastic cards, and even earlier they didn't trust paper money... It was the same with the Internet and cell phone service... I am sure that bitcoin has a good future! Cheesy

Innerpumper

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I don't think it's easy to accept the existence of bitcoin in the middle of society. Because some of the uniqueness is a little bit logical. Just like how can bitcoin be created and then abandoned and not taken care of by its creator? If people think this way it's possible they think bitcoin is illegal. However, over time, in reality, bitcoin is one of the best passive income and one of the means of investing with tremendous profits.

geegaw

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Quote from: FIFA worldcup on February 07, 2021, 06:13:33 AM

Quote from: Rruchi man on February 07, 2021, 06:04:55 AM

Quote from: Wesleyeric on October 07, 2020, 01:35:57 AM

I do notice that some people naturally don’t allow bitcoin in any of their daily transactions.

It is a common mode of action for people to fear what they have little or no understanding about. It is also a common thing that some people respond and accept changes a lot more slower than others. You do expect a man who normally receives his salary in dollars, to suddenly accept bitcoin as a new tender without proper information on what bitcoin is and its prospects. However, with time as popularity increases and acceptance is gained, people will come around.

There are people in the world who think that fiat and paper currency is the real money, rest all is scam or short term money making opportunity. Due to their lack of high vision thinking they are unable to realize that the future is of digital currency and bitcoin will be the king of those currency. Even with institutions adopting it, they still think it is a scam, strange Huh

Considering bitcoin as a scam is never an accurate one but considering bitcoin is a gambling game, a form of investment without government control, it is relatively accurate and when governmental organizations have no authority to participate or decide here, the ratio of risk and losses would belong to the user, not including the responsibility of the government. The government has made announcements about these issues, strong media have kept people away from bitcoin, fortunately a portion of the young are still understanding how bitcoin works.

FIFA worldcup

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Quote from: Rruchi man on February 07, 2021, 06:04:55 AM

Quote from: Wesleyeric on October 07, 2020, 01:35:57 AM

I do notice that some people naturally don’t allow bitcoin in any of their daily transactions.

It is a common mode of action for people to fear what they have little or no understanding about. It is also a common thing that some people respond and accept changes a lot more slower than others. You do expect a man who normally receives his salary in dollars, to suddenly accept bitcoin as a new tender without proper information on what bitcoin is and its prospects. However, with time as popularity increases and acceptance is gained, people will come around.

There are people in the world who think that fiat and paper currency is the real money, rest all is scam or short term money making opportunity. Due to their lack of high vision thinking they are unable to realize that the future is of digital currency and bitcoin will be the king of those currency. Even with institutions adopting it, they still think it is a scam, strange Huh

Rruchi man

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Quote from: Wesleyeric on October 07, 2020, 01:35:57 AM

I do notice that some people naturally don’t allow bitcoin in any of their daily transactions.

It is a common mode of action for people to fear what they have little or no understanding about. It is also a common thing that some people respond and accept changes a lot more slower than others. You do expect a man who normally receives his salary in dollars, to suddenly accept bitcoin as a new tender without proper information on what bitcoin is and its prospects. However, with time as popularity increases and acceptance is gained, people will come around.

volodar_v_

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People who think Bitcoin is a scam and people who believe in Bitcoin know Bitcoin, because you only have a thorough understanding of Bitcoin before you are qualified to approve or deny Bitcoin.

But in fact, more than 90% of people do not understand Bitcoin. And these people who don't understand Bitcoin will slander Bitcoin for some inexplicable reasons.

OblivionFlorido

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Because the price of bitcoin is very volatile. At the time of sending it may be one price, and in an hour it will be a different amount. If it comes to large transfers, then you can lose a lot + commission.

Fredomago

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Quote from: ?? on ??

Human ignorance never ends at once. However, with the change of days, their thinking also changes. Many people are reluctant to use Bitcoin due to lack of knowledge about cryptocurrency and its many basic uses. In this case, they must acquire sufficient knowledge about cryptocurrency.

The needs of learning before they can actually use or invest with this system is very important, way back there are lots of doubts regarding to this chain but the pandemic helps the industry.

With more people got stuck inside their houses, there are lots of free time to use learning the system and taking the opportunities to go deeper,

To those who study and deal with their research, avoiding is not a good option but going inside and start
venturing is the best decision to take, knowing that there's a good opportunities that awaits them in terms
of gaining decent benefits.

age7393

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I completely agree with you, there are indeed people who are very negative about Bitcoin. Here it seems to me that 2017-2018 influenced a lot. And because of this, people treat it very badly ... Because of the sharp fall ... I think that when the cryptocurrency becomes less volatile, then only then will people start to change their attitude.

maxi786

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Bitcoin is the most expensive coin in cryptocurrencies.I think people avoid it because it's too expensive

MyCryptoDomains

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IMO the biggest thing that keeps people away is that BTC gets its value by consensus and isn't backed by anything. Esp. elder people, they just ask "why do I have to pay for this? what's the value?". And when you tell them how BTC works and why a decentralized thing can't be backed by anything they just lose you at some point.

3meek

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God, save BTC!

Quote from: ?? on ??

Human ignorance never ends at once. However, with the change of days, their thinking also changes. Many people are reluctant to use Bitcoin due to lack of knowledge about cryptocurrency and its many basic uses. In this case, they must acquire sufficient knowledge about cryptocurrency.

Why should people use bitcoin?
I am of course a supporter of cryptocurrencies and I like the idea of decentralization... I understand that my bitcoins belong only to me and no one else! That I can send them without any barriers and government oversight anywhere in the world!
But still, why should people use bitcoin and not VISA or MasterCard?

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Quote from: Nunoluck on February 06, 2021, 08:57:51 AM

Actually the main reason why people avoid bitcoin is because they don't understand. Not all people like to learn something new. Some people only follow something that is familiar in their environment so they can feel safer because they know what will happen next. What we need to do to solve this problem is by make bitcoin popularity increase, if bitcoin become more familiar to them then there are less people avoid bitcoin. And the other reasons are maybe bitcoin is not legal in their country yet and as cryptocurrency market is very volatile bitcoin value maybe decrease. But I think this is not problems because many investors like bitcoin volatility.

The main factor as to why certain individual doesn't consider bitcoin as their main way of transaction isn't because of it's popularity rather because of the usage of it. Yes, bitcoin's transaction is faster compared to wire transfer or bank transfer to confirm but not everyone has the grasp to use it and even transact with through fiat. Conversion of bitcoin to fiat isn't available to everyone which makes it harder for users to use it as their main way of transaction.
Another reason is the volatility of bitcoin which can change at anytime. Imagine buying something at 1000$ and receiving a payment on bitcoin which later became 700$ after a few hours. There are a lot of factors as to why bitcoin isn't the choice of someone and not just because of popularity and fast transaction.

maculeth

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legality, something that is related to money or assets if the government hasn't legalized it, it is difficult for people to believe. for those who already use bitcoin, it will be easy to say that bitcoin is easy to use and also very profitable if it is stored for a certain period of time. but for people who do not use bitcoin, it is difficult to accept because the government does not legalize it.

Nunoluck

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Actually the main reason why people avoid bitcoin is because they don't understand. Not all people like to learn something new. Some people only follow something that is familiar in their environment so they can feel safer because they know what will happen next. What we need to do to solve this provlem is by make bitcoin popularity increase, if bitcoin become more familiar to them then there are less people avoid bitcoin. And the other reasons are maybe bitcoin is not legal in their country yet and as cryptocurrency market is very volatile bitcoin value maybe decrease. But I think this is not problems because many investors like bitcoin volatility.

Jenningss

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People are divided into two types: 1 - Bitcoin fans, 2 - those who consider it a bubble, and they cannot be convinced otherwise.

Issa56

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I will like to contribute to this topic from my research and experience I think lots of people avoid bitcoin due to so many reasons, some people avoid bitcoin due to illiteracy some people don't really know much about bitcoin and I also think some people also avoid bitcoin due to high rate of scam always attached to it, lots of people have been scammed with bitcoin and they don't want to fall for that same mistake any more.

cyriljundos

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Quote from: Wesleyeric on October 07, 2020, 01:35:57 AM

I do notice that some people naturally don’t allow bitcoin in any of their daily transactions even when it faster and easier, they still don’t prefer using it, I have noticed this a lot, Some classes of human,Sometimes when they are to receive money from another country like international transfer sometimes it takes 2 3 days to arrive,They will advise them to use bitcoin and they still don’t accept it even it faster and easier. Now how come we make bitcoin come to people.

people avoid bitcoin because simply many people still don't trust bitcoin, even though bitcoin popularity boost these early month people still don't believe that bitcoin will be our daily transaction, security issues still questionable in bitcoin holders and future investor. If the bitcoin wallets will enhance their security surely many company or investor should invest in.

seramania

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Quote from: Wesleyeric on October 07, 2020, 01:35:57 AM

I do notice that some people naturally don’t allow bitcoin in any of their daily transactions even when it faster and easier, they still don’t prefer using it, I have noticed this a lot, Some classes of human,Sometimes when they are to receive money from another country like international transfer sometimes it takes 2 3 days to arrive,They will advise them to use bitcoin and they still don’t accept it even it faster and easier. Now how come we make bitcoin come to people.

because someone does not know the mechanism of bitcoin and they are still afraid of the risk of bitcoin. this should be straightened out and explained to someone that bitcoin is very useful and profitable, not avoided

samputin

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Quote from: SmokerFace on January 15, 2021, 09:44:03 AM

The greatest reality is misleading and less information in terms of putting resources into bitcoins. The individuals who as of now lose their cash in bitcoin in frenzy sell consistently deceive individuals to keep away from bitcoins and consider it as a scam. ~

Yep, you've said it right. That mindset of people that bitcoin is a scam is still alive up until now. Whenever they hear it, the analogy is bitcoin is to scam. And that's so sad. They miss opportunities to experience such breakthrough. Maybe they got started with the wrong foot with bitcoin. I mean, maybe they experienced something bad with it that made bitcoin look bad to them. Well, let me say this: it's not bitcoin's fault but theirs and their decision.

Maybe the should learn to do a bit of a research first if what they get into is legit or not and not jump into conclusions that crypto is a scam in itself.

Topic: Why do people avoid bitcoin? (Read 9320 times)