Topic: Why do people avoid bitcoin? - page 9. (Read 9320 times)

I don't think this could be a valid reason because BTCs policy and features are really unique and that's the popularity across the world makes it more famous, In my opinion due to high volatility and liquidity because it's extremely risky and people don't want to see any shocker for their investment and there are still lot of people's who think BTC as a Ponzi scheme.

Bitcoin is technical to learn and people run away from bitcoin because of so many reasons. Some feels it’s not secure enough to deposit or invest your funds into because of its anonymous and decentralized nature. They are bothered about the security strength of the bitcoin wallet and how protected it is in their device. People will continue to acts these way until they are well educated about bitcoin and Cryptocurrency as a whole.

Bitcoin doesn't have any tech support to treat the customers or anyone who buys it properly. It's the job of the exchange or whichever service a newbie buys.

Not very new. The importance of choosing a wallet should be prioritized. I've used several wallets and when in trouble, they're all approachable and answering for issues that I can't answer on my own. Mostly they have a Telegram channel for technical issues. Use only the wallets that are reputable.

its still far too technical

while that may seem incredulous to the nerds out there, its a fact, crypto needs to lose its pretentiousness

the other thing is that it treats people (customers) poorly, not much better than banks, which crypto is quite rightly trying to consign to history

too many wallets/sites have poor support, this take a ticket crap treats people like they are a "little person, waiting in line", its hardly good enough really

That's a major reason, people come to know about the scams and other cryptocurrency frauds prior than the true value of bitcoin. This makes them stand away and watch what is happening than making their involvement into cryptocurrency. People never avoid bitcoin, but the circumstances make them into a dilemma. Compared to the past days, now people are much active and aware to analyse and make their way into bitcoin.

From what I am seeing here, the general reason is indeed ignorance. Because if you don't know a particular subject, of course, you will be hesitant to touch it. But I guess, people should slowly learn about new things as sometimes there are benefits when you uncovered a specific subject. Just like these days, a lot of delivery services are now moving into digital payment, and those that are used to traditional payment of using cash are forced to learn how to do this digital payment. And actually, it has the benefits of not using cash (which is identified as potential source of transfer of virus). And people are accepting it to avoid the spread of infection.

Lack of knowledge + traumatic experience = fear of investing in bitcoin

People that are avoiding bitcoin because they have no interest to deal with it. Ignorance makes them fear to invest in bitcoin. Since bitcoin is broadcasted in television that it is a scam, people are fear to invest. That is why, we, pioneers of cryptocurrency must share also this knowledge that we have in our society (friends, colleagues and families). So that, we can help other people as well as bitcoin community to become knowledgeable in terms of investing and using of bitcoin as currency.

Most of them avoid bitcoin because they hear that is associated with fraud and scam and they think because of the decentralisation of bitcoin that in the case of been scamed there is no authorities to turn to but they all forget or are not familiar with the beneficts of crypto.

The lack of knowledge is the main reason people avoid Bitcoin. Besides that, Bitcoin has been given a negative reputation by mainstream media and governments worldwide. Most people don't have the desire to join the Bitcoin bandwagon, as they believe everything is a scam or Ponzi. As long as Bitcoin has a negative reputation in the mainstream world, only a handful of people will be using it and supporting it every step of the way. At least, the pioneer cryptocurrency works as intended. Its decentralized and open source nature will allow it to survive for a very long time. At this point, Bitcoin is truly unstoppable. There's nothing governments can do to stop people from using it worldwide.

Nonetheless, we should do our best to spread the word about Bitcoin's benefits to the world. Day by day, the pioneer cryptocurrency is growing as people are becoming aware of its benefits relative to Fiat. It's all a matter of patience in order to achieve great results in the future. I wouldn't worry about people avoiding Bitcoin as long as the project has a considerable amount of supporters backing it. Before you know it, Bitcoin will be able to last for many generations because of its non-stop growth in the mainstream world. As long as decentralization is put above everything else, nothing else matters. Just my thoughts

May be people do not use it because of the fear to loose assets, becuse they even do not try to understand how to use crypto or BTC, how to buy it or sell, how to use digital services for transactions. may be some people do not use it because of high transaction fees or it is just forbidden to use something like crypto in their country. but in most cases people just do not see other opportunities and just use may be more slowly but more clear way of transactions to them, they do what they used to do.

As for me, the lack of knowledge is one of the reasons why some people are avoiding it. Also, one common factor is a bad experience. Some of them have lost their funds, got scammed, and so on. However, if there are people who are avoiding Bitcoin, there are still people who accept it and tries to seek knowledge about it continuously especially now that more businesses and platforms are starting to adopt it.

One of Bitcoin's biggest drawbacks is a lack of standardized policy for chargebacks or refunds, as all credit card companies and traditional online payment processors have. Users affected by transaction fraud – for instance, they purchase goods that the seller never delivers – can't request a refund through Bitcoin.

Not really, I do not know if people really avoid bitcoin or they just avoid the people that uses bitcoin for their advantage like the scammers, fraud people and etc. This could be the reason why people hate bitcoin but I think it is opposite to what is happening now. More and more people are counting in to join in investing or utilizing bitcoin for their interest like making bitcoin an asset, investment and a digital currency at the same time. So, why would people would like to avoid bitcoin?

 Some people avoid bitcoin because is a digital currency which will hard them to understand digital transaction just that they are use to fiat money transaction in the community.
 Many still seems bitcoin transaction as a long process transaction to them just because they don't have any idea concerning the bitcoin in the area of transaction.
Some country don't still believe that bitcoin transaction is real in their that is making them to see bitcoin transaction as a scam currency because is not old as their own currency which they are use to in the country.

Since the greater part of the complete people is less capable about Bitcoin, and various Bitcoin hater is getting out the beguiling word.

As referred to, Bitcoin is commonly used for tax avoidance, mental aggressor financing, and other criminal activities. This makes various people avoid Bitcoin,

without a doubt, even in my country Bitcoin trading is known as a wagering game. All the misleading information that was spread was doubtlessly made by the governing body

to drop Bitcoin as I might want to think, considering the way that the council is stressed over the likelihood that that one day Bitcoin can override fiat.

I suggest that many people think there is a fair amount of fraud in the bitcoin market.Why am I saying this? This is because buyers and sellers are looking to trade bitcoin online, but since their rise in popularity, they think some of these exchange can be fake.

Hi
you know people are scared of things they do not understand and they don't know the exact benefits of bitcoin. if they knew the value and profits, they would have surely used this years ago. since they don't trust bitcoin, they won't use it. we have to gain their trust if we want to use bitcoin worldwide.

That's normal for the citizens of your country to not  believe in bitcoin or any cryptocurrency at the first time that they heard of it. Ofcourse, when you first hear it, you do not know anything about it yet, you're not aware of its benefits because no one does bitcoin transactions. But, if people will hear the testimony of the cryptocurrency users then maybe they will also patronize it. Knowledge is power and with learning how cryptocurrency works, it can make a difference in your life.

The way you see bitcoin is not the way everyone sees it.we are very much in haste to see people accept it, it's gradual. To be sincere,there are times making some exchange transaction does not move as fast as expected. People don't want to start taking time to solve for their urgent needs they use what is readily available and running the exchange at convinient time. Better still we know no one will queries your national currency, sometimes you go for it to avoid stories.

We cannot blame them because what they heard first about Bitcoin are those negative sides so they can't just accept all facts offered by cryptocurrencies.

We must help them fully understand what is the advantage of Using Bitcoin that Fiat most specially when it comes to Online transacting.
But of course we can just teach them and let them see what Bitcoin gives us so comapring to fiat it is more advantageous than Using paper money .