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Author Topic: What's stopping people from using bitcoin?  (Read 202106 times)
dhimasnk
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January 21, 2016, 12:42:34 PM
 #701

I think that makes people stop using bitcoin is afraid at price very volatile and too many negative news

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Jaxelrell
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January 21, 2016, 12:44:35 PM
 #702

I think that makes people stop using bitcoin is afraid at price very volatile and too many negative news

Yeah I think more with the volatile of the price I think with the bad news they don't care that much than just the price. People love to see those numbers going up that is why some is going to be interested with bitcoin and yeah some are sacred.
Nameless Coin
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January 21, 2016, 01:08:29 PM
 #703

I think that makes people stop using bitcoin is afraid at price very volatile and too many negative news

Volatility is my main concern yes. The price going up so much or down so much in a matter of days, scares the hell out of me.
Altynbekova
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January 21, 2016, 01:14:29 PM
 #704

I think that makes people stop using bitcoin is afraid at price very volatile and too many negative news

Volatility is my main concern yes. The price going up so much or down so much in a matter of days, scares the hell out of me.

Don't be that scared, because the price of bitcoin have always has been this way.
I am sure that at the end of this year or in November we will see a high price.
So I think you can just hold your bitcoins until the price goes up.
Rotator
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January 21, 2016, 02:00:15 PM
 #705

Maybe all those story that connecting bitcoin with Silkroad and similar..
Maybe folks are afraid if they use coin that will have some trouble..with law!
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January 21, 2016, 04:51:56 PM
 #706

Well, would you wait for 30 mins to 1 hr to pay for your grocery items? No. It takes a while for btc to be have confirmations so I guess some altcoins can try to squeeze themselves in that area since some of them can be transferred in just a few minutes. Still slow as compared to paying with FIAT but that's still way better than 30 minutes or more.

I would rather have a better mechanism to pay for groceries than to have it bare metal protocol at this point...unless gyft got their act together and stepped up to provide a real grocery store...though its hard to beat the btc brokers that have $0 transfer services aka coinbase and circle.

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January 21, 2016, 04:54:49 PM
 #707

Maybe all those story that connecting bitcoin with Silkroad and similar..
Maybe folks are afraid if they use coin that will have some trouble..with law!

Folks are not afraid, they just use what is available. You can't pay a lot of thing with bitcoin.
baazju
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January 22, 2016, 12:17:56 PM
 #708

Maybe all those story that connecting bitcoin with Silkroad and similar..
Maybe folks are afraid if they use coin that will have some trouble..with law!

Folks are not afraid, they just use what is available. You can't pay a lot of thing with bitcoin.

Plus for many people there is no reason to use Bitcoin yet. Why go through the effort when there is no immediate benefit. Eventually though things will pick up.

Beware of scammers.
Asseb
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January 22, 2016, 03:02:40 PM
 #709

Maybe, ten years later, bitcoin has become a very popular way to pay
In China 10 years ago, many people still do not know Alibaba, did not go online shopping, and now, almost every 90 years after the birth of people have used online shopping.
smodern
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January 22, 2016, 03:08:46 PM
 #710

i think,the main reason is lack of knowledge
Newcoins2020
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January 22, 2016, 03:11:06 PM
 #711

i think,the main reason is lack of knowledge

That is not it they know what it is but they are just scared of using it what if there money is gone or something.
Also that is true that people don't know what is bitcoins.
We should try to tell them that is easy to use and just try to earn so you don't lose money.
newcoins1978
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January 22, 2016, 03:16:28 PM
 #712

Well, would you wait for 30 mins to 1 hr to pay for your grocery items? No. It takes a while for btc to be have confirmations so I guess some altcoins can try to squeeze themselves in that area since some of them can be transferred in just a few minutes. Still slow as compared to paying with FIAT but that's still way better than 30 minutes or more.

Same goes with payments with a bank.
Sometimes it could take up a week until 1 transaction goes through
I don't see anyone waiting in store for a week to get that through.
MTBTT
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January 22, 2016, 04:18:32 PM
 #713

f the price drops to $ 1, maybe a lot of people who would leave bitcoin, and bitcoin be unused
mtnsaa
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January 23, 2016, 08:47:20 PM
 #714

I've replied a long while ago in this thread and the main issue (besides usability which is completely impossible to comprehend for a common person) is that there's actually no need for Bitcoin to be adopted besides as an investment. What can Bitcoin do better than Paypal or CCs? Absolutely nothing. it is of course a complete unique technology and a new way of thinking just as the internet was in the 90s. But as like that example, it's in its infancy so right now it's not very usable, let's hope it can eventually evolve and make its potential a reality.
wadili89
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January 23, 2016, 10:01:26 PM
 #715

I think that makes people stop using bitcoin is afraid at price very volatile and too many negative news

i dont know what is wrong with the media they just dont want to accept change and revolution or those are fake paid negative review you never know ?

i dont think so there is anything which can stop people using bitcoins other then price drop or increase by 20% in one day

MoneyChanger
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January 23, 2016, 10:17:28 PM
 #716

Price should be stable, people don't like roller coaster.
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January 23, 2016, 10:53:54 PM
 #717

1. They don't know exactly what it is yet 2. It is kinda hard to switch fiat to bitcoin 3. Not everyone is interested in technology

1 BTC = 1 BTC
phreaky
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January 24, 2016, 12:16:12 AM
 #718

1. They don't know exactly what it is yet 2. It is kinda hard to switch fiat to bitcoin 3. Not everyone is interested in technology

Correct, and I think most of them are also very afraid.
They read bad things about bitcoin, which makes them terrified to be scammed out of their bitcoins.
-Tx-Rider
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January 24, 2016, 12:26:35 AM
 #719

People are too used to just using fiat to pay for things. They really have no reason to change to Bitcoin. I love Bitcoin though.
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January 24, 2016, 03:03:07 AM
 #720

People are too used to just using fiat to pay for things. They really have no reason to change to Bitcoin. I love Bitcoin though.

That is reality. You cant even tell your friend you a bitcoin. They wont understand. But if you say you have 400 dollars worth of bitcoin. Then thats when their eyes will grew.

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