What's stopping people from using bitcoin?

[bearex]

I just figured another thing. When buying online, sure the irreversable transactions are better for merchants but what about the buyers? They have all the guarantee when using Paypal or credit cards, they can chargeback if the item doesnt arrive, if the item is fake etc. With Bitcoin however you cannot do that. So you cant really buy with Bitcoin from stores with zero-to-none reviews hassle free.

[Moneyburner]

I think what stops people the most is that there is no perceived value into switching to bitcoin. Not many online stores take the currency. And even if they did, it adds no benefit to most users.

If the common man or woman wants to buy something off of overstock.com, it is simpler to just use their credit card and then pay it off.

[Blawpaw]

The process of using digital currency is still pretty much complicated for people who are not too much tech savvy to use it. Either that or to bet on a new and easy teaching method. It is still pretty much like the internet in its beginnings...

[knowhow]

Some people calculate all pennies they saved ,they will use bitcoin if they get introduced to it,but the big fact is bitcoin is related to porn and black market,currently bitcoin is being avoid by governments to show off what it is.Someone said about chargeback well bitcoin doesnt allow to that happen,to get scamed, you get with fiat and now with bitcoin is possible as well the difference is that you can trace the funds with bitcoin,and with fiat you wont know where they are.

[angaper]

There are several limitations that prevent many people to access the bitcoin possibilities. I have talked about btc among friends and family and most of them have never heard about it, or other have erroneous concepts about what bitcoin actually is, but most ordinary people always will have problems to understand this technology and how to use it, especially older generations.

[quad588]

because it is not exactly the simplest currency to buy daily needs with, and buying in general is not easy

[dothebeats]

because it is not exactly the simplest currency to buy daily needs with, and buying in general is not easy

How does one scan and a few keystrokes on your phone seem hard? What's hard is understanding the whole concept of bitcoin and how it would help people in their daily lives seeing that not all merchants are ready on accepting bitcoin yet.

[quad588]

because it is not exactly the simplest currency to buy daily needs with, and buying in general is not easy

How does one scan and a few keystrokes on your phone seem hard? What's hard is understanding the whole concept of bitcoin and how it would help people in their daily lives seeing that not all merchants are ready on accepting bitcoin yet.

that's not what I mean necessarily, acquiring bitcoin itself takes a few days (for amounts over $1k anyway) due to bank transfers...
Right now I can't see anyone going to the grocer and using bitcoin, because no one accepts it. I'm talking in current tense, not future. If markets accepted btc then sure this would be a soon reality and you are right, but what I am saying is what you said, not all merchants are ready.

[dothebeats]

because it is not exactly the simplest currency to buy daily needs with, and buying in general is not easy

How does one scan and a few keystrokes on your phone seem hard? What's hard is understanding the whole concept of bitcoin and how it would help people in their daily lives seeing that not all merchants are ready on accepting bitcoin yet.

that's not what I mean necessarily, acquiring bitcoin itself takes a few days (for amounts over $1k anyway) due to bank transfers...

Depends on where you are and the regulations present in your place. Here in our place, I could place an order at 8 am and get my coins at 9 am as soon as my payment is confirmed via a cash transfer as long as I'm a verified user. NY is the only place I could think of where you would really get a hard timr acquiring bitcoins.

[Wapinter]

I think it is a wrong assumption that something is preventing people from using bitcoin.In my own experience,whoever learns about bitcoin,wants to earn it but due to its price volatility they dont want to spend it.I think the question of this thread title should be rephrased as "What is stopping people from spending bitcoin? "

[quentincole32]

many reason stoping people from bitcoin.
1. lack of knowledge
2. boring
3. give up because they lose so many
4. they have no time
5. etc

[ThunderThomas]

Most people don't use bitcoin because they either are not aware of it or don't know how to use it.

It's possible that they don't have any knowledge about or just afraid to use it.

For some people it's hard to adapt to something else when they're used to something they've used all their lives.

[yurinov]

I think it is the hard way to buy (for example credit/debit card is very hard to get it instant) same with bank....
also because can not be used everywhere in real life

[Struble]

I think the main reason for people not to use bitcoin is because they're not used to it. Also because I think it's not mainstream, once bitcoin takes off more commercially more people will start to use the bitcoin.

[frendsento]

people stop using bitcoins i think because if they are paying goods they can't reverse the payment when they get scammed ,unlike paypal if you get scammed you can file a dispute and retrieve your money , bitcoins has pros and cons i guess they stopped because of those cons .

[goinmerry]

I think the main reason for people not to use bitcoin is because they're not used to it. Also because I think it's not mainstream, once bitcoin takes off more commercially more people will start to use the bitcoin.

Yeah but i think it is also a good thing that not so many people knows about it. Once it go popular we dont know what might happen. It might start going down because of many people using it. It just unpredictable what might happen.

[margarete11]

I guess people stopped using bitcoins because they had bad experience about it , imagine if you invested in bitcoin and just get scammed ? why will you still continue using bitcoin . I guess those people who using bitcoin are those people who didn't know risk of using bitcoins.

[fricircled]

people stop using bitcoins i think because if they are paying goods they can't reverse the payment when they get scammed ,unlike paypal if you get scammed you can file a dispute and retrieve your money , bitcoins has pros and cons i guess they stopped because of those cons .

This is one of the biggest problem of bitcoin. When paypal integrates bitcoin into its payment system, this problem can be solved.

[bob123]

I guess a lot of people just dont like the fact that BTC is not backed up by anything.
For people who are not in touch with coins yet.. it may seem like something not understandable how the whole system works.
Mining, private addresses, public addresses, transaction fees, confirmations, blockchain..
Guess they dont want to trust anything they dont fully understand yet.

[loreykyutt05]

people stopped using bitcoins because they are afraid with the consequences whenever they are using bitcoins.