Bitcoin Forum

https://medium.com/datadriveninvestor/why-your-annoying-friend-wont-stop-ranting-about-bitcoin-9808a132480

The author of this article believes that putting a small amount of currency you have into BTC can help you protect your wealth.

He says, “If enough other people believe BTC is money and use it; it’s money even if it doesn’t follow the old rules our nobel prize winning economists have told you. The old rules are being taught a new lesson by the market.”

What do you think about it? If you or your friends don’t buy any bitcoin, what is the reason?

To be honest, I believe that most of us are scared to adopt the change because there is a misunderstanding that it might affect the value of our wealth in a negative way. I have discussed the idea of adopting cryptocurrencies for day to day transactions with many shopkeepers and merchants but I found that they don't have an exact clear picture of what cryptocurrency is all about and how it can help them. On the other hand, the government and centralised bank are constantly issuing warning notices to stay away from cryptocurrency and it is planting the fear directly among those who don't have any idea about the benefits of cryptocurrency.

I want to focus on the main question that you asked!

There are more than one reason for people not buying or investing into bitcoin:

1. Legal framework - Many people would argue me on this, but I believe this is the main roadblock for people not to buy or invest into bitcoin. A majority of the mass is a law abiding citizens. They would not want to do anything financially which doesn't go well with the current legislative framework. A majority of the countries have not yet recognized bitcoin or any other crypto as a legal tender and they don't have any specific legal framework for it. That's why these class of people thinks it is illegal. Since these class of people don't want to engage in any confusing financial matter, they would not want to buy or invest into bitcoin.

2. Lack of technical knowledge - It is another bottleneck for many people not to accept or buy bitcoin. In majority of the Asian/African/South American countries, people are not knowledgeable about the internet banking system. They still prefer to go to the bank branch to fulfill their banking needs. They just simply don't want to learn the new things. They are mainly old age people who are sitting on a considerable amount of wealth. But due to their fear of learning new things, they would never show interest in learning about bitcoin because it is hard for them to digest the process of sending or receiving money using cryptos.

3. Banking and government propaganda - Banks are using this weapon to effectively discourage people from investing into cryptos. I often receive such emails from my bank stating that cryptocurrency is not a legal tender. That is true because my country specifically said so. But when you receive such information directly from your banks, it makes you believe that using crypto is a punishable offence, which discourages people from using it.

I believe these three are the major bottlenecks in 2019 which is making a lot of us uncomfortable in using bitcoin or cryptos. You are welcome if you would like to add few more points.

As we say in the country, the road spoon for dinner. For example, when bitcoin cost $ 20,000 to accept it for payment was not the wisest decision, but when its price fell I think it's time to take it as you can attract your capital. I remember that Microsoft accepted bitcoins when its price was not at the peak but after aggressive growth Microsoft will cease to accept bitcoins for payment of its product.

I think a lot of people are scared by its price.
If you accept a BTC payment today, you could potentially lose 10/20% of its value in few hours.

Volatility is the primary culprit I see why there's a huge number of people not wanting to have their money involved with bitcoin, or get paid with bitcoin in exchange for their services and/or merchandise. Also, the association of bitcoin with illegal entities and activities may have also affected the perception of people with the said cryptocurrency as they fear that they might get in trouble if ever they meddled with it. These factors are the ones I can think of that strongly changes the opinion of a person with bitcoin, though there are lots of other reasons a person might have why they avoid using or getting associated with the said currency.

Ignorance. Majority didn't know what Bitcoin or crypto is all about. And then there's the media who keeps on floating negativity about the ecosystem. You will hear them saying that it is big "Ponzi scheme", or it's "fraud" or something. That's why I totally stop promoting or even mentioning about crypto to some of my friends, I want them to learn it first hand by investing on it and see how it goes for them. Of course the risk involved is very high as well, so there are people who don't like to involved themselves wherein there's no guarantee returns, they might as well invest on bank notes or mutual funds. But for us, this is not the case though, we all know that crypto is the future and the chance to make lots of money in the future is worth the risk.

Fiat money also fluctuates, I think this will depend on the people because cryptocurrency is really good if you fully understand its technology. Yes, its highly volatile but it doesn’t mean its not good, those who don’t want to use cryptocurrency now will have no more choice but to adopt in the future.

We do not blame if some of our friends or people are not want to buy bitcoin.
Maybe they have some reason on why, Just like they are scared if the money they on bitcoin was a scam only or else the money they have are not back.

The price of bitcoin is one valid reason why some people refused to accept bitcoin but if the price of bitcoin is high many people will prefer to accept it than fiat. For me, I will not refused because I know there will be a time that the price will increase and will help me to gain more money.

Its either fear of change, cost of implementation or just pure ignorance since most of these questions can be resolved by flicking through by reading through: https://bitpay.com/ — then again, how would they discover these services in the first place?

it has nothing to do with believing in anything, it is all about the reality. we are not running some kind of cult here that people have to blindly follow some ideology!!!

it all comes down to the "real utility" that bitcoin provides. when people use it and see the benefits of that, then they will continue using it and if they don't see it then they simply give up.
and that is exactly what has been happening so far even if it is not clear. people come along, ignore the utility and only stick to the profit, they lose some money in the roller coaster and go away. some others see the benefits, and potential and then stick around for them.

of course in this process having more places accepting bitcoin as payment helps a lot with the "adoption".

Some people refuse to accept bitcoin due to uncertainty thinking it's value will become zero one day and this situation has occurred due to false information that are spread by media and governments that there is no future for bitcoin so even many existing investors try to sell bitcoin and abandon the market but the truth is much different from it because unlike before it is expanding in the financial sector in a rapid rate due to its potential qualities so I hope this situation that people refuse to accept bitcoin will change in the future 

What I love about this article is I can relate to all the arguments he made an example of at the end all the arguments I have with my friend in relation to this made me go on the losing side. After all the years I am in touch with Bitcoin what I have learned is you can never win to anyone even with your friends who are not an open minded person as we are about cryptocurrencies, at the end I almost always change the subject immediately as I know nothing what I will say to him/her would convince him that Bitcoin is better than Fiat currency, I cannot even talk back now as the prices in the market are on my friends' side.

Non-crypto-oriented media releases an article titled "Bitcoin is dead" or "The Bitcoin Bubble To Burst Soon" like every 5 minutes. Go figure.

I understand the reason why some people do not accept bitcoin is because of governments stand towards Cryptocurrency.
Government seems not to be supporting Cryptocurrency and this has made it almost difficult for people to accept it too .
They believe it's scam .

Well, the friend who have mentioned to me that they're not going to be buying BTC, have pretty much all mentioned that it's just too much of a hassle to get into it.
When they hear about how you need to set up a wallet and use these 'complicated addresses', they say that it's just too hard for them.

Though they have asked me to set it up for them, which I outright refuse to do. No Bitcoin for them in that case...
Not a responsibility I want to bear.

I'm willing to explain it to them, but not just set it up.

The reason why they don't buy bitcoin is because they don't know bitcoin, they don't understand what bitcoin is, but what they know is only bitcoin as a gambling place, a place for money laundering, terrorist funding tools or even a currency that can replace the existence of money fiat. The main factor is only one that is incitement from the government, every government does not like the existence of bitcoin or even they place it as a currency that can threaten the stability of a country's economy. So don't be surprised, when many people value bitcoin as a negative form and no one will accept it.

I think due to its high volatility because bitcoin prices increase and decrease very often with significant ranges that makes majority of people reject bitcoin and specially businesses because high volatility can always make huge risks to there day to day businesses and that is a main reason bitcoin into new businesses adaptation rate has been decrease today but this high volatility has given short term traders to make huge profits through investments so there are both sides

That's because the value of bitcoin is very volatile and considers it a risk so it's afraid to accept bitcoin. For myself, I believe in the future of bitcoin, bitcoin will grow and there will be many people who will accept bitcoin.

Forgetten that you could also gain as equally your lose. In my opinion many potential investors are scared of bitcoin just because of it legal frame work yet to be activated by respective bodies in concern. When this is done i believe that many people who were afraid to accept bitcoin will join happily. Others refuse to accept it because of bitcoin lack of usability in the real world, example be use as a mode of payment in companies for salaries and wages of workers in the real world, this very soon will be solve by this mainstream manifestation of the blockchain technology.

You have to be aware that Bitcoin is still relatively new technology and still not so much people are familiar with it and people are usually sceptic to new things and don't trust them. Also, many still think that Bitcoin is some kind of scam scheme and are afraid of volatility and aren't willing to accept the risk. I beleive this will change with time but we also need more education and awarness campaigns about Bitcoin and cryptocurrencies in general.

Volatility is one of the main problems. It makes some people believe it is nothing but a ponzi scheme. As well volatility is the reason, why it is not accepted widely as a commonly accepted payment method.

The reality is that bitcoin is currently being used as an investment option, and its value is prone to volatility, this does not protect wealth, its value constantly changes. This is it's limitation to mainstream adoption.

It is unadvisable at this point ro convert the entirety od your wealth to BTC or any digital asset. Only invest amounts you can afford to lose.

That's actually the rule for every currency in the world. All money is held by our trust in it.

That's perfectly normal. Mankind did not accept that the world was round in the first period. They wait for certain things to come out. Make sure they will soon understand ...

My government said that it can cause inflation and it's become the tool of money laundry.
IMO, bitcoin is just the investment tool like gold but it's riskier.
I hope there will be more people that accept crypto because this is digital era where transaction usually cashless !

If bitcoin was created to replace some system, would not it be natural to try to create systems to replace bitcoin?
In my opinion, Bitcoin has already allowed a world or worlds of infinite possibilities, the idea, the conception is already with people and things.
It is natural that behavior and sound, Bitcoin came up with this purpose and I do not think that the ambition of it is simply to unify things, in fact, Bitcoin unifies a way, the way to decentralize ideas, possibilities and achievements.

People refuse Bitcoin as somebody thinks it's a scam due to its complexity. If you're new to bitcoin, you need to catch up and know lots of things about it in a short period of time. Because of the advertisements, the people see on social media about earning through bitcoin, it affects their idea and perspectives that bitcoin is a scam or a big scheme of network marketing which is very wrong.

Well for the most part  people would like to accept bitcoin as a payment system or solution but in the wake of the 2018 crash, most businesses lost interest in accepting bitcoin against fiat. Fine, it is often regarded as a digital store of value, but imagine you received bitcoin as payment in 2018 February, and loosing over 80% in value.

This article is not completely right.
This, for example, is not true. While most of the countries rely on stable inflation rate, because people are thus more motivated to buy goods and services, knowing that the cost will increase, Japan has shown that deflationary economics can still work. Some argue that this approach is just not well-known and researched, but things could still work this way, because people buy the goods they need today right now, even if they'll be cheaper in months.
And another problematic point is here:
You see, when some cryptos increase their marketcap, it doesn't mean that others go down. The total crypto market can increase altogether with the purchasing power of cryptos as such increasing.

Even if bitcoin have already shown its goodness in which many people has benefitted a lot, but there are saying that you csn not please everybody , so there are some people who refuse to accept bitcoin, but in other way maybe ,these people has lack of information and education about cryptocurrency and bitcoin, even until now they are doubtful,but if bitcoin will be accepted and adopted by the government , then tthere will be more who will like bitcoin and crypto.

If you're a person knows there perfect usage of Bitcoin then he will definitely not to be refused the Bitcoin uses because it is the most profitable and most useful where money making so I definitely say no one will refuse Bitcoin after they know about the uses.

This dude is correct, if enough people think it is used as a type of money then it will be used as one. The number of users is increasing year by year, especially in Venezuela and other troubled countries. This will ensure bitcoin's longevity and in time the price will rise with the higher number of users

yep.

I think it's correct. Money is a medium of exchange that people freely accept to use to exchange value. As long as bitcoin will be accepted, it will always have a value.

Some people still don't understand what is going here now in today situation also that's why they are remain unchanged with their decision but they are also not important for the Bitcoin uses if a person trust with kind completely they will not definitely refuse the usage of it.

Its normal for the government to make statement like this and we should not depend on that. People refuse to accept bitcoin for so many reason, we cannot force them to invest. I also hope for that, because cryptocurrency is good for everyone, people should learn how to take risk.

Bitcoin, in this case, can be compared to the moon landing. There will always be someone who refuses to accept that is real. Same with Bitcoin, there will always be hates and disbelievers.

I think that bitcoin is not yet ready to become a means of payment. The main problem is the instability of its price. Also, the problem is that not all people fully understand what a cryptocurrency is and this very much hinders the development of bitcoin as a means of payment. So we should first try to explain to the person the benefits of bitcoin before paying them.

That's some flimsy and unreasonable excuse, I've read about people who successfully and effectively launder money through gold and diamonds as well paintings or artworks all of which are considered to a better investment strategy by the same set of governments.

Because they scared to scam and scared to lose or take a risk of losing their investment. If we want to use bitcoin or invest on it we need a lot of time to research and study about bitcoin so we have idea how bitcoin it works and how will you manage it.

Since many scam incidents in the past, it discourage people to invest on cryptocurrency and it creates panic. I know in time they cannot refuse anymore to invest on bitcoin because it will grow more. We can also educate people so they can invest confidently and without any doubt in the market.

Because some tend to see posible outcome rather than risking into something. Also earning doesnt garranty overnight, but you have work for it before earning it.

For me if I have chance to pay with bitcoin I will really accept it because I know somewhere in the near future it will become more valuable. I do not know why some people refuse but for me I will really accept it.

Main reason for me why most merchant or people dont want to accept Bitcoin on their business is because of the government.
If one business under one country will not comply on the rules under law then they will go in jail.
Bitcoin will have a hard time of acceptance from different field unless it is regulated. due to TAXES issues.

I think for them the value of bitcoin is  fluctuating  , and some of them don't understand how to get bitcoin, so they will be afraid to buy bitcoin.

if normal people i dont know why they refuse to accept bitcoin in their life, but if the government refuse to accept bitcoin because its not fit with the regulation of that country,

I believe no one is under a mandate to believe in the same thing as every other.
Some people thought bitcoin is a ponzi scheme that will soon crash.
Some has thought it is one of those internet fraud. And medium to scam people. Even though for this people are already doing it. Promising to make exchange for others and later swindle them.

There are many reasons why people don't want to accept bitcoin. In my opinion people want to work by getting a clear salary. In order to fulfill their daily needs, they work to get a daily or monthly salary without worrying. So people who have not accepted Bitcoin are people who have permanent jobs and a steady income. Because the assumption that they work with bitcoin is a fluctuating result.

People do not believe in Bitcoin because its current price is too low compared to the highest rate is achieved. Too many investors lose money when investing in Bitcoin, so people don't believe in it, always saying that this is one of the biggest scams in history. But I find that this is the foolishness of investors to accept investing in it for profit.

Pretty simple, people are just frightened. The high volatility, country-specific restriction, and restricted usage are making people refuse accepting or using Bitcoins. Also, not all are tech user-friendly, in simple words, they like orthodox culture, this is another reason. Even young people like to use cash rather than online payments, cryptos are not even in the scene. Proper crypto usage will take a few more time, maybe a few years.

I believe that the main reason some people refuse to accept Bitcoin, it's because of its volatility and regulatory uncertainty. There have been many hackers in crypto land, as well as, scammers which have stolen funds from many crypto users. Also, Bitcoin's extremely volatile prices, could make it valuable or worth nothing within a short time frame. Because of these obvious reasons, many people are afraid to use Bitcoin for their daily payments.

Add to this, the slowness and high costs of the Bitcoin blockchain, which makes it terrible to use as a currency for real life. In some occasions, people are afraid to get into something that's new. However, sometimes new stuff brings you an opportunity of a lifetime to become highly wealthy and successful in the future. With enough education about Bitcoin and other cryptocurrencies, as well as, regulatory compliance within crypto exchanges, Bitcoin could gain the confidence of many people worldwide.

Until this happens, then I'm afraid that many people will stay away from Bitcoin as much as possible. As for my experience, nearly all my friends I've talked to about Bitcoin, have refrained from joining it because of the many risks involved. Someday, I hope that with Bitcoin's growth in price, and mostly, development, more people would join Bitcoin to make it stronger than ever. Just my thoughts ;D

Peoples scared at bitcoin because of the volatility and the internet bitcoin has being used for a bad reason so much like ponzi scheme and fast rich scheme. This is why not educated peoples will think bitcoin is a must no to be involved at.

Many people have many different reasons, I guess.
As we know, some people even refuse to use Internet banking or credit cards online.
Why?
Maybe because they don't believe in tehnology, Internet, don't trust security etc.
Also, recently we could see a lot negative posts about bitcoin in the media, many rumors, speculation etc.

Majorly, the reason I haven't key into the bitcoin ideology is because of the price instability the coin have experience overtime, I have been waiting for the perfect time to buy bitcoin but unfortunately, there's no such time as a perfect time, As we cannot influence pricing, i will wait patiently for bitcoin to hit 2k usd before i invest.

I have really devoted some of my time to educate, enlightened and teached as many people as I can on his to use and accept  bitcoin while few of them had keyed and bought the idea while others refused thinking that its a ponzi scheme due to its volatility, however if we can find a way of showing them how to use btc so as to convince them it will go a long way in making more people to accept btc.

You're somehow right but not totally right because the people which has permanent and steady income job still accept and invest into bitcoin. However, the basic why some people dont accept bitcoin is because they dont know what the bitcoin network really entails while some were scammed on their first time to try out bitcoin which what happen in some countries in the South America desist their citizen from bitcoin.

They don't refuse, they just don't understand the ideology of Bitcoin. Once they understand, more likely, they would buy and hodl. Problem with people who don't understand the concept of Bitcoin or Cryptocurrency, they will listen to negative news first and accept it as the truth withiut even testing by themselves what Bitcoin or Cryptocurrency is.

For these 3 reasons the Bitcoin is not very accepted yet:
  - The fluctuating prices of Bitcoin.
  - Bitcoin transactions are very expensive and
  - The value of Bitcoin for consumers.
When we have these well structured reasons we will have an excellent transaction in cryptocurrencies

https://www.icte.io/ (https://www.icte.io/)

Most of those who don't acknowledge bitcoin as a currency and do not accept it are the people who don't have adequate information about bitcoin and are having a misconception about it, some of them some time refer to bitcoin as a ponzi scheme and at it they see as a trap for them to lose they Money.

As much as the price fluctuation associated with Bitcoin is excessive, our local banks and government policies are known to use this starategy to discourage people from investing in cryptocurrencies in general. In Nigeria, I've received several emails from my bank stating that cryptocurrency is not a legal tender and that my bank account could be frozen if I'm found trading in cryptocurrencies. This kind of messages often make people desist from purchasing cryptocurrencies and makes them view it as an offence punishable by law.

I think it's still more about people getting into understanding this system. New things are scary and people don't want to learn about its benefits

Joining in investing in cryptocurrency we need lot's of brave to face all the challenges and don't be coward to take a risk. If we want to become successful we need to study and learn more research about in cryptocurrency to gain our knowledge on how bitcoin works in the market.

I believe people who don't accept bitcoin are those who basically don't understand the use of Bitcoin and the purpose for the creation of it. First people need to understand the benefits bitcoin brings to the financial ecosystem before they can accept it. Refusal to accept bitcoin by some people is as a result of low knowledge with regards to the solutions bitcoin present to the financial ecosystem..

I think the reason why some people do not accept bitcoin is because they are of the opinion that bitcoin is Ponzi scheme, scam and a bubble that could burst any moment.
It's no gainsaying that these set of people, do not understand orare not knowledgeable about the potentials and how bitcoin works.

I disagree with your second point about Lack of technical knowledge. I have no knowledge about how Gold ore is mined nor do I have technical knowledge about refining the ore to get gold. Only thing I know is Gold is appreciated by the masses and my investment in gold will always have some value.
I have written about my hardship faced while explaining my village farmers about bitcoin please read my post https://bitcointalk.org/index.php?topic=5098721.0 (https://bitcointalk.org/index.php?topic=5098721.0).
The main problem of any cryptocurrency is that the community expect everyone to be a software engineer or technology expert. Now my village farmers don't know what is internet but they have a bitcoin paper wallet. They can't even read it but know its valve.

People who are afraid of investing money and something that will not be 100% safe they will be definitely refuses the investment and the development of Bitcoin yes it will not also suitable for them that kind of people only will be there refusing people of Bitcoin.

I agree stability is needed but easy access to liquidity during highly volatile market is also more important.
Take a look at my post about how my village farmers now invest in bitcoin.https://bitcointalk.org/index.php?topic=5098721.0 (https://bitcointalk.org/index.php?topic=5098721.0)

Why would I accept BTC?
It was cool in 2013 when it attracted all the hipsters to your business.
After the Store of Value bullshit, the LN delays, the BCH failure to stabilize and hash wars, no merchant wants to deal with all of this...

Very true, the extreme price volatility is off-putting for new investors and the lack of stability probably scares merchants. Bitcoin will develop and as the Lightning Network improves scaling I believe we will start to see it become a user-friendly payment option and bitcoin will be widely accepted by retail companies & services industry.

• Lack of acceptability by masses.
• Lack of local reliable exchanges. Has to depend on offshore exchanges with zero liability.
• All personnel information has to be given to Offshore Exchanges.

I think some people should start Local Independent Micro Exchanges, initially just for friends and family then for neighbourhood or community. This will introduce the general non-technical people to bitcoin. This will slowly grow the user base. The general acceptability will increase, bitcoin valve will rise and market volatility will reduce. https://bitcointalk.org/index.php?topic=5098721.0 (https://bitcointalk.org/index.php?topic=5098721.0)

It could be that people don't buy Bitcoin mainly because they don't know more about it, on how it works and how it will survive for the next couple of years. They are afraid of something like bearish market, security breach and other technical reasons that could push them away from using Bitcoin. In my case if I don't have to buy Bitcoin, the reason is that if only fiat money would function like Bitcoin.

Thats why we will look for the root of the problem. why they reject this very innovative bitcoin system. when I asked my friends why
they refused. they only know that bitcoin is just a scam, ponzi and mlm investment. I think it's just their disobedience

It is a fact of life that things that have no intrinsic value would be held with suspicion, especially one that has also been attacked by the media and by several trustworthy people in the investment world.

For me, in my own opinion, the reason why some people still refuse to accept bitcoin in their lives is that they still don't know how to start with it. Moreover, is that there are some negative and false information spreading regarding the Bitcoin crypto currency. People have only a vague knowledge about Bitcoin that triggers them to avoid using it.

Bitcoin is not easy to be accepted by people because of many various reasons, but the most common are they don't understand about bitcoin, they don't want to know about it and a lot of negative news from media, some people still think bitcoin as ponzi scheme because of some stupid article, once people can understand the usage and the potential they will know how useful bitcoin

Many benefit using bitcoin as payment transaction not only for buyer but also for seller, how ever by using bitcoin seller could sent transaction by easy and faster, needed short time to sent and use low fee, for buyer have benefit with bitcoin speculative price where could take profit when bitcoin is growing up and keep hold when bitcoin is lower price, its why using bitcoin as transaction more benefit than we have use cash money.

Yes they don't know how to start with it. We should make things simpler for non-technical peoples.
https://bitcointalk.org/index.php?topic=5098721 (https://bitcointalk.org/index.php?topic=5098721)

I think there will always be some people who are afraid to buy and use bitcoin because the values of bitcoin are too volatility for them, they could purchase bitcoin at the rate of $3600 USD per bitcoin with their fiat money, but once the values of bitcoin starts to drop to $3400 USD per bitcoin, some people might not be able to accept this price loss within a short period of time.

People who seeking for safe investment will avoid to buy bitcoin, mostly the poor will always think twice to buy bitcoin as the extreme price fluctuations of bitcoin the risk is too big for them, if they understand bitcoin clearly then I think the poor will also try to collect bitcoin as much as they can because the future will good for bitcoin.

maybe it could be what makes some people afraid to use bitcoin, the price of bitcoin is indeed very difficult for us to be able to predict the price, and the price of bitcoin can change very quickly, even many people fear that the price of bitcoin will suddenly change lowering the price, of course that's where they were very afraid of losing some of their estimated assets.

the reason some people reject bitcoin is because they don't know in detail what bitcoin is, how to use it, and how to get it. besides that many people think that bitcoin is a detrimental investment. well, many people take advantage of this moment to deceive people who are just learning about this, and that makes them increasingly distrustful of bitcoin. well, I think this is just one reason why some people still reject bitcoin.

Lack of proper knowledge is one of the reasons why people refuse to use or accept bitcoin. Others might be afraid of the risk its contains like high volatlity and rapid price fluctuations. The media reports of some criminal elements that uses the coin to scam people might add to the fear of those who want to invest in bitcoin. Everyone who want to get involve in bitcoin should learn the basics of cryptocurrency first.

I guess there many reasons why some people refuse to accept the use of bitcoin like the unstable/fluctuating crypto market it offers, some people are afraid that this may scam, lack of knowledge about this mainstream technology and many others. I guess it would just be beneficial to the early adopters of Bitcoin that they may earn potential profits when the market recovers soon.

Bitcoin is a volatile cryptocurrency to start with, they should know that.

Bitcoin being a decentralized cryptocurrency, it is really common for it to have a volatile price. Bitcoin may change its price but it will depend on the investors how will they hold their money and how will they be able to earn their profit. Even if the price is not rising, a great investors can come up with a good solution to either still earn some profit or lessen his loss.

My friends do not buy bitcoin because:
1) they do not understand why they should do it
2) do not want to do all these money transfer manipulations
3) are afraid of scammers
4) are afraid of Bitcoin devaluation

Therefore, the most rational decision in this case, in my opinion, is this: to show by your example how convenient it is, moreover, it will bring you profit in the near future.

With the development of a technology, everyone will judge a problem with two sides, they will see the positive and negative sides of the problem and then make a decision.

As you already know, there are still many countries that prohibit bitcoin from developing in their country, they always try to make bitcoin fade again every time it shines. This is what happened in my country, in the previous year the price of bitcoin reached $20,000 all time high that was achieved and made bitcoin popular even though everyone talked about bitcoin, some of them made purchases with the intention of making a profit.

However, after this happened the government gave a decision to reject bitcoin and for anyone who buys bitcoin they will be put into custody, as their threat. I think they have arranged this plan in such a way as to make everyone regret having bought bitcoin. About your question, if I see someone not buying bitcoin I think that's their problem, they already know the risk of buying bitcoin and for those who have bought bitcoin then I'm sure they have seen bitcoin shine again soon.

With the development of internet were unstopable i think it's not difficult to find knowledge related to bitcoin and some of sites sometimes provide us with good article to makes us more know about cryptocurrencies especially bitcoin and currently the problem is not in the knowledge side because i think majority most of people who fear to buy bitcoin because they says bitcoin is too volatile and they fear if they bought bitcoin then they will lost their money

I don't actually understand howcan fiat money bring digitalization?
Peoples should turn on to digital ways of payment which does include bitcoins and all other cryptocurrencies. Not all the peoples over the globe are aware about cryptocurrencies so we can't expect that too happen soon but atleast the current youth should start onto it.

The main reason why people around me are not investing in Bitcoin is because Bitcoin price is very volatile. Another reason is because they do not have interests in learning how Bitcoin work and find maintaining a wallet to be troublesome.

Lacking of knowledge thats why they have not giving interest or if does still afraid of being scammed or fooled comes to their mind.just like us when we first hear about this community that time what we have is considering the risk of becoming a victim but eventually because of chances we come to learn more and now here we are,investors and traders without a doubt that more of us use to have profit here though the 2018 turns as burden to many

bitcoin is the risk way to earn money. and in every ways to earn it, there are something that make your fund is gone. for some people, i think they will think rational, have good reason to refuse bitcoin, but for some people they have absurd reason.
people refuse it because they dont know about it. if they know about bitcoin from bottom, im sure there is no reason to reject it

well, that could also be a reason. that's because the price of bitcoin is very easy to move, so they don't accept bitcoin. but, many people use this to make a profit every day, or a week. well, maybe when the price of bitcoin has stabilized, it can be slowly received by the public.

Most people think it is not real as always. So not as it is otherwise, they understand what they want to understand. Price volatile is used as an evidence and this is the reason why they think so. Most precisely, they avoid risk and like to live  conventional continuous life.

I think why people doing the not confident mind for Bitcoin was if they lost something they will not accept it anytime this is the main reason people will not fully accept the usage of Bitcoin and many people will change their mind but kind will not leave our hand but still a lots of people are there to be refused the usage of Bitcoin.

Yes this is one of the most common reason why people refuse to accept bitcoin. Many people are already burned with scams or online frauds in the past. Thy judge bitcoins based on that experience only. It means that they think that in case of bitcoins also, there money will get looted. In addition to this there are other reasons also why people refuse like lack of technical knowledge.

I think that a lot of people refuse to accept BTC because they are scared about the instability of the market and the fact that here the coins aren't stable and they could lose their money and there is other category of people who even now don't believe in Bitcoin or in the future of it.

We cant push them neither. Mostly their reason are due to unstable price,  fake news they heard around, capital to start with and their courage to take the risk.
They have fears in their heart and stopping them from accepting the challenge and learn from the new developments.

First reason, there is a possibility of difficulty selling it and their country does not accept payments using digital currency, and does not understand how to use Bitcoin, actually there is not so many who know about Bitcoin among the elderly or who do not have enough education, it does not mean I belittling them but it's proven ...

And few and still hesitate to use Bitcoin !!

Lack of knowledge is the main reason why many people are do not have care to what is bitcoin. There are also misinformation that spreading around the society that makes them scared to use and accept bitcoins.

This facts are holding people's views regarding to Bitcoin, they are lack of knowledge and simply being moved by people who also don't any good ideas about this new digital currency, bad media exposures are also have a big influence why people deny changes in terms of payment transactions using Bitcoin.

some people refuse to accept bitcoin because they feel the government has not yet approved it and so may be worth nothing, secondly people think if you pay them in bitcoin, the price may drop causing the bitcoin to loose value. people also think bitcoin may get banned and the dont want to be caught in between

They do not want to accept it probably due to the volatility of the price. Even though, the price isn't that much volatile, they do not want to go through all those hassle to convert back the coins to fiat. Another reason might be the spread of negativity of bitcoin and other crypto currencies. The media spreads the negative news about bitcoin like a wild fire. Newbies read those news and ends up being ignorant and hating bitcoin.

Bitcoin is pretty young, and also negatively on the people's confidence in him influence his instability and skepticism on the part of the state. But I think that this will not last forever and eventually everyone will understand the benefits of bitcoin and start using it.

People don't want to use Bitcoin for buying stuff because cash is a bit easier to use and Bitcoin has a volatile price so they can lose a lot of money. As for imvesting, some people don't have time or the nerves to do that or are just scared of losing money. I really do understand those people, but ai don't have an explanation for those who hate Bitcoin or have something against it.

The main reason people reject Bitcoin is because the price of Bitcoin is very volatile. And the second reason is that, because people don't know how to buy or use Bitcoin.

There are few reasons for this:
1. Many governments not adopted as a legal tendor for payment.
2. Banks are not supporting.
3. Many Ponzi schemes are associated with this
4. Traditional approach of thinking and mindset.
5. It is not available in physical form so that people can trust on it like fiat currencies or gold or any other commodity.
6. It is not user friendly to spend / purchase / sell.
7. In many countries it cant be converted to their currency as government not supporting.
8. Negativity is more about crypto currency.
9. Difficult to understand its basic concept.
10. Safety concerns.
11. High Volatility.
12. It is still considered that this is more used for illegal purposes.

because people still don't know about bitcoin fully, besides there are also some who know about bitcoin but are afraid to invest or buy bitcoin because of the ever-changing value

some people reject bitcoin because they don't understand bitcoin and some people don't know how to use bitcoin. many people are afraid because of the price of bitcoin which always changes up and down.

Yeah right, some people don't know about Bitcoin, so they will quickly reject Bitcoin, because they don't know how to operate Bitcoin. And for people who understand Bitcoin, they might refuse because they know that Bitcoin is vulnerable to hacking and so on, so that the person rejects Bitcoin.

Exactly. A good example of this is Warren Buffet, who doesn't believe in Bitcoin no matter what. Considering that he doesn't understand the true potential of Bitcoin's blockchain technology to change the world, it's the reason why he behaves that way. Despite this, what most people read is mainly negative news spread all over mainstream media. However, they don't take their time to make a research about how Bitcoin and other cryptocurrencies work, and their true purpose for the world.

For this reason, there are still many people which are refusing to accept Bitcoin as their alternative currency for daily payments. The only thing that could attract them, is if there's proper regulatory measures in place across cryptocurrency exchanges, as well as, quality education about how it exactly works. Other than that, people will continue to refrain from using Bitcoin or any other cryptocurrency on top of Fiat. Just my thoughts ;D

Yeah that's a lot of reasons I see, of course they don't really know much about bitcoin, but have interpreted that bitcoin is a detrimental investment because fluctuations bring prices down very deep, which makes them not interested in using them as investments or currencies

Yes I agree on that, I believe that there are so many people that didn't even know what is bitcoin yet and some other people didn't trust bitcoin as form of investment. Will I believe that we cannot blame everyone for not trusting bitcoin because this is really a profitable yet a risky type of investment so if we want to earn we needbti take a big risk on this feild.

maybe you say there is a truth that people are afraid of too much risk in investing in crypto currencies so that not accepting bitcoin may also be because the government forbids crypto currency to be used

There are so many reasons for people refusing to accept bitcoin. One of these reasons is the lack of support from their government. Instead of allowing bitcoin some countries really banned it. Other reason could be the volatility of bitcoin, which makes it not so useful for storing money especially if prices keeps getting lower in value. These are things I have observed as a very common reason. But should people use bitcoin everyday for a specific purpose I think the volatility of the coins can be eradicated as much and it will become stable.

Around me people many refuse to accept bitcoin is that most of them hard to understand how this currency works, and they do not care anymore about bitcoin. Even though they know the benefits to be gained if using or investing in bitcoin.

I am one of those who believes in Bitcoin as a financial system that will be used in the future.
Bitcoin has a system that is so good because it has security features and excellent flexibility.
To convince someone to use Bitcoin is easy, we just have to use them to use Bitcoin and look at the person's reaction.

I think the main reason for that is that other people who have not yet engage to the crypto currency community is those people who have not have enough knowledge and ideas how Bitcoin really works and a thw goodness it may bring to us. Well, I am a proud Bitcoin user and I greatly accept Bitcoin will all my heart since I come engage to it even how hard the crypto market it is now.

most people today are afraid of buying bitcoin because they see a fall in prices that are so uncontrolled that they fear that the price decline will have no limits and make a big loss for them. this is very human because no one wants to lose money.

What do you mean worth nothing? Bitcoin's price has grow tremendously for all we know? Even if government doesn't approved it, bitcoin will continue to flourish because of its decentralization. Volatility and risk involved are the biggest reasons why there's a lot of people still not willing to try to invest or enter the market, for majority of them, the risk is greater and they afraid that they will lose big money.

I'll put my shoe to the people that don't want to buy bitcoin. The very reason is that most of them are scared of it to fluctuate to the point that they don't like.

Most of them knew that the price went to $20,000 and went down to $3,200 so at this point, they aren't willing to put that much money and risk it knowing that it can go lower.

When I told my friends about bitcoin, most of them thought it was mlm or bubble money because I told them a chance to make profit. I realized they didn't want to involve with it then I changed the information and just told them how cool and fast to transfer money abroad even I provide some information about exchange. Finally few of them want to involve into crypto world.

yes, what you say is a lot of reasons why people don't invest or accept crypto currency, which is the most reason is risk, and the second is the legal issue of the government with crypto currencies.

Most of my friend still think that bitcoin is risky investment.
IMO, government play the important role to decide whenever crypto is good or not but since my government against crypto, the situation will be difficult especially for convincing someone to use crypto for daily transaction

 They think so because cryptocurrencies have no intrinsic value. Nothing is backing them. Like a stamp collection or a work of art, their value depends on what other people are willing to pay for them. In the 1600s in Holland, there was a tulip bulb bubble, where some bulbs were worth as much as a house. Overnight, it collapsed and the next day they were worthless.

There is no doubt that recently no one is buying Bitcoin because of its price drops over the last few months. People who do not know what Bitcoin is and what technology behind it, unfortunately, are only managed by the simplest information, i.e. the price. Therefore, the most important thing is to educate people first, and later to encourage them to use Bitcoin.

Everyone has his own opinion and that's right, but we can not condemn something that we have not tried, or just say, and we conclude on that. We should know well about bitcoin, to talk to others, we can not invent and say that it's bad if we have never worked with it. Most think it's an online money scam, and they do not know there are ways to win for free, for that are the news curve, more precisely the journalists who write and do not know about it, but the writing because it's popular.

I think most people don't fully understand this digital currency and they still doubt the existence of bitcoin because it cannot be formalized by all countries, even many crimes involving bitcoin digital currency are used as illegal transaction tools so most people are hesitant to use it because the government has separate rules

Some refuse no matter how bitcoin is doing great and It seems like even experienced investors refuse to invest bitcoin when comes to invest but I think bitcoin will have a great future and the price will rise very soon because even the now the market seems to recover from its drop and some say this is due to the decline of the stock market but what ever the reason behind what we all know is bitcoin is going through a successful path than the past by adapting into businesses and expanding its areas and gaining more users day by day so I think smart holders should able believe in there investments without any doubt and there is no reason to refuse bitcoin

Do people hate Bitcoin? I don't think this is true if everyone tries to find out about it. Communications give false messages about Bitcoin that make people aware of it in a negative way. I think people don't hate Bitcoin.

People may hesitate or refuse to accept something that they don't understand. Critics about bitcoin made by these people have to be tolarated at a reasonable level and a person who is from our community should patiently tell facts about bitcoin to this kind pf people.

These some people are among my friends also. They don't want to buy bitcoin, explaining that they don't consider it a real currency but rather a financial pyramid. That is, they have never had bitcoin and never had some business with it, and don't even want to figure out what it is. I can't convince them and will not do it because I understand that it's useless.

The no. 1 reason was they are afraid or scared to do it because they may heard a lot of negative feedback about in bitcoin, especially Bitcoin has been used as front in any of the network marketing system online in this business industry. Which is in my opinion, those people who got interest on bitcoin was just turned into a wrong direction, but to be honest bitcoin was really a great things that can give a big help to anyone, honestly speaking.

I think these people have many doubts about Bitcoin and cryptocurrencies generally, because the volatility of the prices, and they think it is safer to deal with fiat currencies instead of using crypto. There is also some people ignore the nature of cryptocurrencies and they think it is not real money.

Why would anyone accept bitcoin if its value can drop 70/80 percent within a year. This is certainly not a store of value and if there is a collapse in confidence, people will go to what they understand which are currencies backed by the government.

This is almost everywhere. No statistics to back this up, but nearly everyone that has been on the net or is using internet must have been a victim of scam in one way or the other or had a encounter with online fraudster. This experience will make people think twice before investing in an "invisible (intangible) asset" or digital product like bitcoin. I agree with you, friends and family are afraid of being scammed which is slowing down mass adoption of bitcoin.

Well that is obvious. People will just use the currencies they are familiar with and they can trust, that is the fiats. It is true that crypto currencies are so volatile and it will really drive off other people. Also, in my country, some people are thinking that Bitcoin is a scam. It is funny though since they are believing such things.

Simply because they can't still trust bitcoin because of volatility and it is not stable unlike fiat money. Also they don't want to take the risk in accepting bitcoin.

Right.I honestly think that some people refuse to accept bitcoin because of its high volatility.Price changes from time to time.Since people are used to fiat currencies wherein its value is already stable,they found it hard to adjust to cryptocurrency since there is no fixed value.I know this only happens right now knowing the government still not accepted and legalize cryptocurrency.But soon i know things will be better.

All the problems in misunderstanding. I think that if we could explain to people what cryptocurrency is and how it is convenient and profitable for them, then there would be more crypto users. Of course, do not forget about the risks, too. About all this we need to convey to people.

It's up to them if they don't want to buy and they didn't believe  on bitcoin because of the influence of others and those on what negative posting on social media that affect what is the literally  mean of bitcoin but my friends reason why he didn't  believe  on bitcoin because he think that is scam and because of the falling bitcoin value.

People just have little knowledge about blockchain and bitcoin and this causes them to refuse to accept the use of bitcoin for their transactions. In order for people to accept bitcoin, they must first understand whole ecosystem of cryptocurrency and blockchain.

So many people are living in the past and only consider things like gold or paper fiat currency as money. People also around the world, especially us older folks, are technologically impaired, to say the least, and just don't want to learn about other forms of technology that might advance us in the future and improve our lives. Also, there are those who believe that Bitcoin is a bubble and seeing how the price dropped so much over the last year are too afraid to invest in such a volatile instrument. I don't think though that the price can always stay low forever, but bringing in new users to use Bitcoin nowadays is quite a hard task because first and foremost, it's all about building trust.

Many factors cause people not to buy bitcoin, besides the price that is unstable, it is also vulnerable to theft or even because there is indeed a ban on the use of bitcoin. Based on that they do not want to suffer losses and lose or even violate the law so they do not want to buy bitcoin.

yes, bitcoin is unstable and risky because it's sticky to the nature of bitcoin, if we want to use it, we are ready to accept it. but if it's a matter of loss, loss and theft it depends on how they secure it and use their own bitcoin.

High volatility of bitcoin is a major fact why most individuals and companies refuse to accept bitcoin and like you have mentioned someone can loose significant amount of money instantly due to it and that is why bitcoin adoption is very slow because organizations are afraid to receive bitcoin payments from there clients because they might loose significant amount of value if bitcoin price drop which is a really bad thing for any business but other than that I think bitcoin is a potential currency to accept

I will quote one sentence from article, its basically the same like my comments here about the same matter. "99.9% of people in the world don’t understand yet that they need Bitcoin". About how it works, about value, it`s on a side, ordinary people don`t know where money come from generally.
People don`t get how banks work, what governments do, how can we expect from people to understand crypto when they can`t understand the system where they live for years?
Bottom line is that people don`t know that they need bitcoin, we all need bitcoin and crypto, just that can save us from greedy banking system that make majority of human race into a slaves, and they are doing that for centuries.

maybe they are scared due to the FUds, maybe they don't like BTC - we cant force anyone to take BTC.

2 reasons that I know why they are refusing to accept Bitcoin.

1. They planted in their mind already that Bitcoin is a big scam for them. This is one problem why we can't adopt Bitcoin or it takes time to adopt it. For some reasons like wrong explanation, they think that Bitcoin is a big scam that is why they don't accept Bitcoin.

2. The volatility of Bitcoin is one of the problems too why others refuse to accept Bitcoin. They are afraid to lose their money or their profit if they accept it. They are thinking "What if the price of it goes down then we will be in a loss" which is somewhat can happen to Bitcoin.

Lack of the education is still the main reason why many people are refusing to accept bitcoin. There are only few people who are aware to what is bitcoin and majority of the people are still not aware. They will probably use it if they are aware and fully understand the blockchaint technology.

Like @logitechmouse said, volatility is one of the main factors on why people do or don't buy bitcoin, they are too afraid of losing all their earnings.

Also it might be the technology too, some people / most people in bitcoin don't even know how to sign a message with their bitcoin address.
Most "investors" use exchanges to hold their coins in and don't keep their private keys to themselves. 
Even sending a transaction with a custom fee is a hard task for a beginner or some people in crypto because they are just profit-driven.

if they only knew that volatility is the main advantage of cryptos on why it is verry profitable  . i think they will accept the risk if they really wanted to earn big income


its not that hard to sign a message because there are guides online that can be easily followed  .  signing a message is not really necesary before someone will use thier first bitcoin .


yes . im one of them . i use many wallet that doesnt have the ability to extract my own private keys but i dont experience any issues  . its really up to the users if he is careless or not  .


most wallets are now built with automated process . we didnt need to modify the fees  whenever we send coin  

Its is one of the reason but many people don't have any knowledge about bitcoin they have been said by others that bitcoin is ponzi and scam so they are thinks that people who invested on it as idiots and wasting their time.If we can teach them what is bitcoin then they may accept it so not having the understanding is main reason.

Most people simply don't care about crypto. They don't see any advantage and getting started still too complicated to overcome their lazyness.

Bitcoin prices fluctuate coupled with poor market conditions so they would consider it a big risk. They get scared because they think bitcoin will end.

nowadays people are very afraid to buy or store bitcoin because now the price of bitcoin is decreasing day by day, but let's see when prices continue to increase without stopping in the past few years people will be very brave to buy even in large quantities. this is very rational because everyone wants to make a profit.

People tend to think that crypto is ponzi scheme , because news chanells always show bitcoin from darkside . In my country there was TV show about cryptocurencies and you know what they did show there ? Yes ''Bitconnect'' and how it went down . They never told what Ethereum , Bitcoin was and how it could help in some ways =]

yes, as we see today, there are so many people who don't want to jump into the world of bitcoin. because they only see the negative side. like the risk that we get if the investment will fear loss. yes the name of investment must also have a loss and how we want to go forward if we avoid challenges.

maybe there are some people who don't accept bitcoin because they see that bitcoin has a price that is easy to change, besides that bitcoin is still illegal in some big countries so maybe having bitcoin will be very risky according to them

Because Bitcoin is a place to find profits quickly and can also make losses quickly, so someone who rejects bitcoin is a person who is afraid to invest in it, because Bitcoin is very fast when it experiences price declines, so some people hate this.

Banks are hate bitcoin or crypto currency in general because they have possible to destroy banking industry in the near future that's why banks blaming people adopting bitcoin possible their money become lost.
But so far so good even do bitcoin facing struggle now Ihear some more good news cryptocurrency adoption continue to accept of some big companies and some country learn about how to get benefits into bitcoin this an indication bitcoin acceptance are very helpful if they understand well what is the function of bitcoin as future currency in the worlwide.

I think they cannot accept bitcoin because of the perceived high value, price instability and not being able to play the way it works. It's not easy to run a bitcoin that is full of profit, must be able to understand how it works and its system properly.

They haven't seen the benefits of bitcoin, but see from the lack of bitcoin.
Even though the future of digital currencies is a necessity because the financial system is done digitally.
Bitcoin with decentralization has provided evidence that transactions can be done peer to peer, not through the banking system.

They just don't know much about the benefits of fluctuations. yeah they only know about the negative side only. so they only hear that fluctuations will only bring the value of your money down very deeply. whereas fluctuations can be used for quick profits. they just don't know about that

Because some people tend to see possible outcome rather than risking for a different system that are new to them.

those who can't stand the rapid rise and rapid decline of bitcoin are those who reject it. well, besides, for those who feel that bitcoin is a difficult thing to use, I think they will reject bitcoin. well, there are many factors that make people refuse to accept bitcoin.

It is new technology and we are just getting started. I have many new ideas I will implement in my new coin that I am developing.

If I am doing it I can imagine how many other developers are working right now on new blockchain technology and help it become more widely used.

Speculative price is why many people refuse to accept bitcoin, almost all of bitcoin and altcoin have speculative price where some time at higher and some time could be down, when price is down many people will panic for selling with take lost their money.

People who don't accept bitcoin are people who no knowledge about it and blockchain technology. Most of them see digital currency as a means to scam them for their money in exchange for a digital something that can just vanish within the shortest possible time. Some also have the idea that bitcoin is used for illegal trading on the dark web which promotes illegal activities.

I think some people refused to accept bitcoin because they are luck of trust or they don't want a challenge or risk.  Lucky also of knowledge is one of the reason.

Most of them dont want to buy because bitcoin dont provide protection. Unlike any other investments that is under legal protection. Bitcoin is decentralized and most people would want to be safe.

Surely those who refuse and don't want to buy bitcoin have a certain reason that maybe they think bitcoin is not something real because bitcoin doesn't have a real physical form so some people don't believe in bitcoin and believe in real money. In addition, the lack of understanding of bitcoin and the risk of theft and loss makes some people refuse to accept bitcoin and don't want to buy or own bitcoin.

I think that still, some people cannot understand that virtual money can bring them profit. They do not simply trust the cryptocurrencies as they think that they can lose everything if they invest in crypto.

I believe that another problem is bitcoin are holder by couple of rich person that are waiting some miracle on laws regularization, if we want to make grow bitcoin we need to make the economy move with bitcoin; it is only possible if rich people on bitcoin are dispose to distribute some satoshis for free, across purchase vouchers for example, in such a way when people that receive some satoshis have to spend it and they can not holder save it anymore, in this way we can revolution the economic making grow Bitcoin; then, rich people can get back your investment cross bitcoin valorization, because if bitcoin increase in use, the price increase as we well know.

Besides that, they are too afraid to invest in bitcoin because they heard much negative news including about regulations in many countries. They heard about many program investment which using bitcoin as the payment and some of them invest their money, but suddenly, the programs were closed too early, so they conclude that bitcoin is a scam. We need to explain to them that is not bitcoin mistake, but the programs investment which will need to blame because they use bitcoin and they run away with the investor's money.

Agree I think everyone is required to keep up with the times and they will definitely follow it. for example such as when a post is still the main method for sending messages. then text or WA/BBM comes. then everyone will definitely follow it as part of the development. as well as bitcoin as time goes by the cash will be abandoned and inevitably they will switch to digital currency

The fear of transitioning from fiat to crypto is normal because of humans generally are afraid of change. The same fear has occurred before back in the 16th and 17th century where people were afraid to transition from commodities such as silver and gold as currency to paper money.

Furthermore, Bitcoin and crypto in general are not user friendly and convenient enough for mass adoption yet. Although it will take time for it to change completely, but no doubt this is the future of money and it will revolutionize the financial system.

There are a lot of factors why people refuse to accept bitcoin, first the volatility of its price, lack of knowledge on how to use it, and they don't want to be involved in this kind of method because they heard a lot of fraudulent activities.

 Bitcoin is a digital currency hence it is money. Investing in Bitcoin does't protect your money. Every investment has risk. So you have to bear risk to increase your money. Some people don't like to change anything first but they realize  when others already accepted.

Yes, volatility is the main reason why it is difficult to accept as a currency. In addition, there is a total supply in bitcoin that will definitely bring other problems in the future if bitcoin will be accepted as a currency in the whole world. What if people keep holding their bitcoins in their wallets and there are only a few bits of bitcoin on the market? To my knowledge, the currency is under government control, so if there are things that require special handling, the government can intervene. Whereas with bitcoin, there is no institution or person who can control it. This certainly can cause extraordinary issues.

In my country as cryptocurrency is ban so using it is not legal that is why the people and merchants are afraid to use it. Apart from that as everyone knows that most of the people think that cryptocurrency is a big bubble which will burst one day and they dont want to be included in scam. I think until cryptocurrency get legal status normal people will be afraid to use it