Topic: Why do people avoid bitcoin? - page 15. (Read 9320 times)

98% of people don't want to use new technology If big institutions don't use them, It could be the trust factor as well. However Bitcoin is kind of complicated to the normal people, when it gets easy to use, and every mobile had a bitcoin wallet, that's when people will have trust and use bitcoin or else people will keep avoiding bitcoin.

Not everyone knows what bitcoin is. So how can they (laypeople) be able to use bitcoin for transactions in remittances, such as transfers between countries or sending money between cities?
Before doing that, they should have knowledge of bitcoin or at least know a little about bitcoin. So it’s easy for them to get to the next stage. For example, like OP talks, so they can use Bitcoin as an alternative to remittances besides using conventional money.

Could it be the main reason people avoid using bitcoin? Investing and trading are too risky and not suitable for vast majority of people. If they think of bitcoin as an investmpent or tradable asset, they will definitely stay away from it. They don't want to lose their savings and therefore avoid dealing with risky bitcoin. But I think this is a common misconception. Bitcoin is primarily money and should be used as intended. It should be used for transactions and for savings. Moreover, it wouldn't be an profitable investment, it wouldn't be traded on exchanges, if it had no utility as a means of payment and a store of wealth. Try to explain to people that bitcoin is money, and they will stop avoiding it and they will use it more often and more willingly.

Bitcoin is used in a lot of things such as investment, transactions, etc., for sure a lot of people don't know what is cryptocurrency or bitcoin.

People who have knowledge of bitcoin do not really avoid, it in my opinion sometimes bitcoin is not really reliable all of the time where you could use it. In some cases, fiat money is also reliable in other places where bitcoin cannot be used.

Personally, I think bitcoin is best for investment or trading and not really for direct transactions in a store, but it really depends on your country if bitcoin use is supported.

I totally agree with you, ignorance is the main reason why people stay away from bictcion transactions, less knowledge about it makes them feel like they are going to lose their money if they do any transaction with it, I think its high time we start educating the society about the use of crypto for easier and faster transactions, we need to make them see the reason why it's the best way to transfer money from one country to another.

Bitcoin does really have pros and cons so we really need to be careful on choosing if we are going to use bitcoin or not. If you managed to use bitcoin, you can take advantage on those pros and cons so that you can earn more than what you are expecting. One of the bitcoin cons is you need to have enough knowledge before you go to trading or else you are just going to lose your money. You can take advantage to that cons and all you need to do is to study about bitcoin and learn more than enough so that you can make sure your earnings.

It does really have pro's and cons but in total then we can really say that it is beneficial for most people.Also it isnt really necessary to be active on making out conversions.
If people do really get involved with Bitcoin then most likely they would really just store it rather than on making active trades or pass up then convert it to cash.Yeah, for some
they've been doing this but people or majority do treat it as a store of value where they do save up the coins that they had accumulated instead.Reason some people do avoid
Bitcoin, just because of the wrong way of advertisement by media when bitcoin or crypto is been tied up with illegal things and other unfortunate events like hacks and scams.

But there are local wallets that can easily convert your Bitcoin into your own currency at a fair price. Using Bitcoin locally can be easy if the application you are using is user-friendly. Its also quite nice for people to use other modes of transaction or payments since Bitcoin can be invested by just leaving it there on your e-wallet.

Well the two people that are involved in the transactions should have bitcoin wallet in the first place because if they will consider using bitcoin in their transactions and then the other one isn't fully aware of what bitcoin is then they might have problems with the transaction. Its better to stick to the traditional way if you are not still comfortable using bitcoin and I can't really blame those people who are afraid or who avoid using bitcoin for you will really risk a lot in there, it takes good amount of knowledge.

Its no news that alot people do reject using using bitcoin for their daily transactions, I believe people will always stay away from something they have no clue about, can you just start using something you have the clue about? "No". So they will always pick the traditional bank transfer system, which they believe is the best way to do their daily transactions,it's all caused by "ignorance", I think its up to us the crypto enthusiasts to educate them about the use of crypto for their daily transactions, we have to make them see the bright side of using crypto in their daily transactions, maybe through that way they will see the bright side with us and also adopt it fully.

if you want to send money to someone, we better disburse it from Bitcoin to the currency we use, if we send it in bitcoin, the recipient has to create a bitcoin wallet first, so this will make it difficult for the recipient.

I actually asked it to myself before, if BTC already existing, why not most of the people around the world we're not using it as a currency in the market, especially in the world of trading. Moreover, it is truly possible due to advancement of technology, Bitcoin can be the future of currencies due to its efficiency, effectiveness and accessibility.
 
I research about it and I found out the reasons. (1) Bitcoin currency and cryptocurrency are too risky because of its volatility and can be a problem because of its security. (2) Most of the people are not literate about it and it is hard to understand because of its complexity, that's why they find it too difficult to use. (3) Using BTC and cryptocurrency is still on its way to be a reliable currency to the public, that's why there are some countries that has already implemented regulations about its usage such as US, Canada, Japan, Philippines and some more, in order to balance the user's protection while having technology innovation. (4) As said above, It is difficult to use or difficult to buy. Besides, what is the difference of using BTC and cryptocurrency if there are other easy methods of payments that can be use such as Paypal, credit cards, Apple Pay and etc. (5) Additionally, some people are relying on its historical background that there are negative events happened while using BTC, some evidences are hacking towards cryptocurrencies trading, crypto wallets and public blockchain, that leads them to have negative view about it. (6) Using BTC and cryptocurrency are somehow are of little usage on a massive basis.

Mentioned above are the reasons why BTC and cryptocurrencies are being avoided by most people. They find it unworthy and too risky. All the factors stated can be answered and solved by having PROPER EDUCATION, TIME and then having PROPER REGULATION can be helpful too. Hence, all obstacles and doubt about the usage of BTC and cryptocurrency will be removed in the near future.

Source: https://hackernoon.com/6-reasons-why-people-still-arent-buying-bitcoin-27c40f646617

Once after using bitcoin, no one will avoid using it. People will easily get used to it, and in reality people from banned countries too continue using it through some alternate ways. People don't get the convenience of using bitcoin same as traditional fiat. Maybe that's the reason why people avoid bitcoin. Somehow the usage as investment is increasing and common people are getting much aware about bitcoin.

There are many reasons people avoid Bitcoin transactions:
1. Fast fluctuation, so the value of bitcoin is unstable. 
2. did not receive a recommendation from the state financial services authority. 
3. Many people do not understand bitcoin transactions. 
4. bitcoin still gets negative value from society. 
5. Bitcoin is only a virtual currency that cannot be used for transactions.

Many people avoid any unknown and incomprehensible things to them, and naturally, since they do not know anything about bitcoin, they cannot do anything with their fear. It is easier for them to use some old methods in order to make money transfers, but they will not agree in any way to what they consider a "gamble". It is difficult to find an approach to such people. They are very conservative.

There may be multiple incentives for people to avoid it. But the incentive I guess the preponderance is not understanding bitcoin. In additional utterances, not having any knowledge about Bitcoin. People can avoid it because of the subterfuges that take place here. No one expects failure so try to avoid. Another incentive may be that the price of Bitcoin instability.

Yes, they refuse to use bitcoin because basically they don't really understand bitcoin. Many things are not easy to explain and for beginners they also don't want to waste too much time. Basically we also can't force it because cryptocurrency is full of high risk, but there are many things we have to change in their mind that bitcoin is not as bad as they think

For this, I think it leads to more knowledge and habits. Why some people dont use bitcoin for transactions? because all of this is not that easy for a beginner. Maybe for us it is easy because we already know a lot about how blockchain works but for beginners or people who don't understand at all,it will be very difficult to make them believe that transactions are safe.

i don't think they are avoiding it , they are just scared to try something new. Some people still stick with their accustomed way of receiving or depositing money. Either you teach them how or explain it to them, they would still do the things they are accustomed to or experienced. If you show them some comparison about receiving money in bitcoin and other transactions, perhaps that would change their minds.

it is a good topic for me to know more about bitcoin
and i think that bitcoin is very common around the world