What's stopping people from using bitcoin?

[Slark]

Unawareness.

It is simple; people don't know what is bitcoin is. So how can you use it, if you don't know that something like bitcoin exists?
We need promotion!

[MrsHash]

For many people it is still unknown, misterious and strange thing. Many of them, who have heard about it, still don't understand how to use it. I think it's the main reason. Many people are still afraid to buy via the Internet, so what can we say about Bitcoin. It is need time and more information have to be spread about Bitcoin

[busybee7]

i think its price flctuations that do it

[RKing]

Ignorance. People do not know about bitcoin. If we promote bitcoin more, more people will realize the benefit of bitcoin and use it.

[Cereberus]

i think its price flctuations that do it

This is the major reason I would think as well.
That and the barrier of not understanding what to do with it. But that is changing now with so much education information available in all forms of media.

[Kevin77]

i think its price flctuations that do it

This is the major reason I would think as well.
That and the barrier of not understanding what to do with it. But that is changing now with so much education information available in all forms of media.

Price fluctuations is the major reason why many people do not want to hold for long term which leads to immediate conversion into fiat resulting affecting business in bitcoins. Price fluctuation is the biggest strong point of bitcoin but in down trend it has turned as a problem.

[vero]

In my opinion, may be because the price is fluctuated and the price can drop fast and up fast too

[bearex]

The price going up and down and the not-widespreadness. Where will they be able to spend it, there are not so many physical stores that accept Bitcoin.

[eternalgloom]

I would say that a large number of people are looking at Bitcoin as an investment rather than a currency.
Not everyone though, I for example spend quite a bit of Bitcoin every month because it's easier for me to get than Paypal funds.

[Amph]

i think its price flctuations that do it

This is the major reason I would think as well.
That and the barrier of not understanding what to do with it. But that is changing now with so much education information available in all forms of media.

Price fluctuations is the major reason why many people do not want to hold for long term which leads to immediate conversion into fiat resulting affecting business in bitcoins. Price fluctuation is the biggest strong point of bitcoin but in down trend it has turned as a problem.

price fluctuation is there because there are few people using it, so it's actually their fault(those that need an incentive to join, i mean...)that make the price fluctuate more

[ashour]

It is really difficult to obtain bitcoin nowadays. Most exchanges require you to have a verified account with and ID copy, mobile verification, bank verification etc etc. Most people just think that its too much hassle to just obtain  0.1 btc with all this verification process.

[Raimonn]

Bad publicity on Tv was one of the problems on bitcoin, people only saw bad news about bitcoin on Tv. Ponzis, drug news, ... Its difficult to explain to a friend that bitcoin is a secure payment system if they saw only these news.

[ranochigo]

Bitcoin is far too hard for an average joe to buy, it is open to market manipulation and the adoption rate is too small. An average joe interested about Bitcoin would either want to use an ATM without ID or prefer not to send out ID on internet. It is a valid concern as it would introduce the danger of identity theft. As seen in the Mt Gox saga, exchanges can potentially plant a bot to try to manipulate the price. The adoption rate is still relatively small, due to regulations and the bad reputation Bitcoin is getting. With so many theft incident happening, people wouldn't trust Bitcoin to be any safer than fiat.

[biggus dickus]

Bitcoin is far too hard for an average joe to buy....

If the banks stopped closing people's accounts for sending bank transfers to exchanges it would take some of the fear out of using Bitcoin. An Australian watchdog has started investigating all the account closures, and is asking the banks to explain why they closed so many accounts because they appear to be breaking anti-competition laws.

It will put a noob off Bitcoin if he starts using it and has his bank account closed without any explanation for a bank transfer to an exchange. They are closing Bitcoin business accounts, and Bitcoin users accounts because they are frightened of the competition.

[Hellacopter]

It is really difficult to obtain bitcoin nowadays. Most exchanges require you to have a verified account with and ID copy, mobile verification, bank verification etc etc. Most people just think that its too much hassle to just obtain  0.1 btc with all this verification process.

There is some famous ewallets started already using Bitcoin as deposit and withdraw method
I remember Payza nowadays, for example, support bitcoin for deposit and withdraw, i think it's good to help bitcoin users exchange their bitcoin for fiat easily

[Wapinter]

Bitcoin is vulnerable and perishable.One can lose it during transaction,wallet hack or theft and it is not recoverable.I think that is also one of the main reasons stopping people from using bitcoin.When it comes to money,safety takes the priority

[cjmoles]

I think the fear of being ripped off AND the fear of what actions the worlds governments might take against those who are holding bitcoin.  The state of the technology is very precarious and to many the risk outweighs the possible rewards.

[dothebeats]

Bitcoin is vulnerable and perishable.One can lose it during transaction,wallet hack or theft and it is not recoverable.I think that is also one of the main reasons stopping people from using bitcoin.When it comes to money,safety takes the priority

For personal uses, I think bitcoin is secure enough. The only time it becomes insecure is when you entrust it in a third-party service to hold it for you. Also, I think the governments isn't that too tight on their people in using bitcoin. There are regulations, yes, but it is not like NY in all of the world.

[danherbias07]

i think it is because some are afraid of the new things to learn. You will need to understand it. More to learn. Some just want to live on what they have. And dont want anymore to learn what is this and what is that.

[RKing]

i think it is because some are afraid of the new things to learn. You will need to understand it. More to learn. Some just want to live on what they have. And dont want anymore to learn what is this and what is that.

This is one of the reasons. For the time being, you need a bitcoin wallet and that need computer access. This is not suitable for most over 50s.