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Author Topic: What's stopping people from using bitcoin?  (Read 202143 times)
beerlover
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April 20, 2016, 08:39:28 PM
 #1721

Sometimes people do not want to use things and they worry what actually crypocurrency is and hence they do not try BTC . Like last week I was talking to someone and told about BTC , he simply said " Only known some e-processors "  Shocked.

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diodio5
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April 21, 2016, 01:40:23 AM
 #1722

People have fear of loosing their money by investing in digital currency as bitcoin is still new and majority of the people are not aware about it and they don't want to invest in new product.
therefore before you try to invest in bitcoin you should know the risks involved in investing in bitcoin.
so you know the problem of investment in bitcoin. so when the problem came.
you do not panic and do not stop at using bitcoin
TheCarrotBaou
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April 21, 2016, 03:41:31 AM
 #1723

I've said it before and I'll say it again: the reputation.
Xenophoto
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April 21, 2016, 04:16:52 AM
 #1724

I've said it before and I'll say it again: the reputation.


The ponzi scammers scares out the newbies whom they have scammed. Those talkative newbies then will tell people as if it's a breaking news. This therefore gives bitcoin a bad reputation.

Although it's the newbie's fault and no one else's that he had fallen victim into one of those HYIP/ponzi scams. Roll Eyes



As for me, now that I've started using bitcoin as one of the major currencies, I will not stop from using it. Simply because all the advantages it gives like anonymity and being tax-free. This is the privileges that we are not getting and will never get from fiat money.

dhimasnk
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April 21, 2016, 04:38:48 AM
 #1725

perhaps, people stop using bitcoin in frustration after being exposed Ponzi schemes and other scams

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RealPhotoshoper
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April 21, 2016, 04:42:08 AM
 #1726

Actually there's no right thing that stopping people from using bitcoin. Those people are just not want to try this currency because of some major factors they are experiencing if they use this kind of currency rather than in their usual system of financing.
I think there is no urgent reason to stop using bitcoin. because in fact bitcoin has all the advantages that exist.
so people need a good reason to get out of the bitcoin
People would always worry about the pice of bitcoin, so I think one of major reasons to stop use bitcoin are the price.
Would you still use bitcoin if the price down to $5 and it's stuck there where you have bought  $100k at $400 ?
I belive more than half of bitcoin user would leave bitcoin for this reason.
znickelbackz
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April 21, 2016, 04:49:51 AM
 #1727

People have fear of loosing their money by investing in digital currency as bitcoin is still new and majority of the people are not aware about it and they don't want to invest in new product.
therefore before you try to invest in bitcoin you should know the risks involved in investing in bitcoin.
so you know the problem of investment in bitcoin. so when the problem came.
you do not panic and do not stop at using bitcoin


stop using bitcoin when there is no problem is regretful, but when the problem came, keep a hard head and not stop using it is not a good decision. you can stop and come back later when the problem was solved. you should be flexible about it.
Superways
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April 21, 2016, 04:53:04 AM
 #1728

People have fear of loosing their money by investing in digital currency as bitcoin is still new and majority of the people are not aware about it and they don't want to invest in new product.
yes only those people who are new to it and have not any knowledge about it are feeling fear about its price and are not going to invest in it, they also have the fear the it will be hard for them to redeem their money back to their local currency.
BeGoods
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April 21, 2016, 05:30:41 AM
 #1729

It is in human nature to be scared from something that is new and on the first hand complicated. This must be clarified, good videos are needed. Especially those for dummies. Most people are mediocre users without much knowledge about cryptography..

Yeah someone creates a videos for teaching bitcoin to dummies. But who will promote it. Do we have a good community here that will do something for it to be popular to those people that dont have enough knowledge.
yeah it is a natural thing people protect themselves with something unfamiliar. therefore we must help bitcoin. that we could become bitcoin mainstream. so that people will not feel strange and scared of bitcoin. because bitcoin is already widely used by others. so bitcoin is not something new again
Superways
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April 21, 2016, 05:38:20 AM
 #1730

It is in human nature to be scared from something that is new and on the first hand complicated. This must be clarified, good videos are needed. Especially those for dummies. Most people are mediocre users without much knowledge about cryptography..

Yeah someone creates a videos for teaching bitcoin to dummies. But who will promote it. Do we have a good community here that will do something for it to be popular to those people that dont have enough knowledge.
yeah it is a natural thing people protect themselves with something unfamiliar. therefore we must help bitcoin. that we could become bitcoin mainstream. so that people will not feel strange and scared of bitcoin. because bitcoin is already widely used by others. so bitcoin is not something new again


I think the best way to promote it among the people is that we promote it locally in our own communities, we have to tell about it to our friends our family and people living in our neighbor, so with that bitcoin will be promoted with much faster speed.
Mastsetad
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April 21, 2016, 11:23:18 AM
 #1731

It is in human nature to be scared from something that is new and on the first hand complicated. This must be clarified, good videos are needed. Especially those for dummies. Most people are mediocre users without much knowledge about cryptography..

Yeah someone creates a videos for teaching bitcoin to dummies. But who will promote it. Do we have a good community here that will do something for it to be popular to those people that dont have enough knowledge.
yeah it is a natural thing people protect themselves with something unfamiliar. therefore we must help bitcoin. that we could become bitcoin mainstream. so that people will not feel strange and scared of bitcoin. because bitcoin is already widely used by others. so bitcoin is not something new again


People will always keep ignoring it until they don't see some real merchants or markets or some other places using it.
Because electronic media has made a bad concept of bitcoin in their minds, so they just think that it is not something normal to be used by normal people.
They think maybe it is something that just criminals use or some particular people use, they don't know that they are a lot of people like us out there who are using and earning it daily.
thend1949
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April 21, 2016, 11:46:28 AM
 #1732

So after reading this article and especially the ending:

Quote
One thing is for certain: having made Bitcoin less of a security worry, transparency will now be key in attracting users to new models, placing control of funds and fees in an upfront way in their own hands.

I'm wondering what's stopping people from using bitcoin?

And now I'm talking about people who already aware of bitcoin and how it works but still not using it.

The price is now pretty much stable for more then a year, security issues are out of the question - so why we can't see in 2015 more companies switching to it, especially considering the unstable condition of moden economy?
I think its impossible to stopped the people from using bitcoin if the price goes down the traders want it, if the price goes up the traders, miners, and collecting in faucet is happy so what reasong why they stopped using this? This is easier work on computer than others work why they stopped this? No reason
Scream
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April 21, 2016, 12:03:13 PM
 #1733

many factors, those who have been cheated in invest with big amount, so frustrating.
there is no good investment sites in bitcoin, because too many scammers.
it is difficult to grow or bored because it is difficult to earn bitcoin.

as if they were normal, bitcoin is the most profitable.
senyorito123
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April 21, 2016, 12:15:47 PM
 #1734

many factors, those who have been cheated in invest with big amount, so frustrating.
there is no good investment sites in bitcoin, because too many scammers.
it is difficult to grow or bored because it is difficult to earn bitcoin.

as if they were normal, bitcoin is the most profitable.

Yeah indeed to that many scammers are scattered everywhere and make an investment hyip site to scam people and thats other whats stopping people because they are afraid to lose money and dont want to stake in it. Same other case with that they are not indulge in crypto world and they dont know much information about bitcoin and they are have doubts to earn by it.


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skinnyboy
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April 21, 2016, 12:18:15 PM
 #1735

Another thing which will stop people from using it is lack of opportunities to earn it.

I'm not talking about everyone ere who wants to get rich off of price rises, I'm talking about actually going out and providing something of value in return for Bitcoin.

There's plenty of ways to spend it, and a number which can provide decent discounts for its use, but if people can't get it easily, why would they go out of their way?

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April 21, 2016, 02:34:03 PM
 #1736

So after reading this article and especially the ending:

Quote
One thing is for certain: having made Bitcoin less of a security worry, transparency will now be key in attracting users to new models, placing control of funds and fees in an upfront way in their own hands.

I'm wondering what's stopping people from using bitcoin?

And now I'm talking about people who already aware of bitcoin and how it works but still not using it.

The price is now pretty much stable for more then a year, security issues are out of the question - so why we can't see in 2015 more companies switching to it, especially considering the unstable condition of moden economy?
Maybe the problem is that the price is to stable, what people want is the price to be low when they want to buy and when they have bought they want the price to rise as soon as possible.
ElpadroBitcoin
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April 21, 2016, 02:56:18 PM
 #1737

The fact that making money can be a slow process whit Bitcoin. Most people want to make fast and easy money and do not have the patient for something that takes time like Bitcoin talk. Maybe they tried Bitcointalk and saw that it goes pretty slow so they left.
thend1949
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April 21, 2016, 05:57:38 PM
 #1738

Whats stopping people from using bitcoin? Heres the Reason
 They always lose in betting they lose 1bitcoin..
 They not know that theres free bitcoin in faucet site.
 They lose in trading..
SquallLeonhart
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April 21, 2016, 06:00:52 PM
 #1739

The fact that making money can be a slow process whit Bitcoin. Most people want to make fast and easy money and do not have the patient for something that takes time like Bitcoin talk. Maybe they tried Bitcointalk and saw that it goes pretty slow so they left.

What are you saying mate? Bitcoin is the only currency that gives an opportunity to make quick money, and if you don't know how to do that then you still need to explore your knowledge related to bitcoin.
n0ne
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April 21, 2016, 06:26:33 PM
 #1740

The fact that making money can be a slow process whit Bitcoin. Most people want to make fast and easy money and do not have the patient for something that takes time like Bitcoin talk. Maybe they tried Bitcointalk and saw that it goes pretty slow so they left.

What are you saying mate? Bitcoin is the only currency that gives an opportunity to make quick money, and if you don't know how to do that then you still need to explore your knowledge related to bitcoin.

As suggested bitcoin gives very fast earning as well a long time earning. It's completely upon us, we need to explain users the cause of quick earning. So better stay strong and give hope to the regular people.

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