What's stopping people from using bitcoin?

[owm123]

I think the biggest turn off would be the volatility of it all. No one wants to wake up everyday having to worry about their coins turning to dust. We need the banks to back the blockchain.

What? I dont think many bitcoins would like banks to have anything do with with bitcoin.

[greenuser]

I dont think anything stoping people for using bitcoins.
Those who know about bitcoins trust it and always want to use it.

Trust is a very important think. But this is caused by a lot of misinformation. A lot of people are not well informed about bitcoin.
They think it's dangerous or being used by dangerous people. Which essentially is false.

Negative publicity of bitcoin is creating an havoc here, as the majority of people have heard only bad news related to bitcoins and that is the reason they have fear and hesitation in using bitcoins.

I'm thinking the same thing, the point that the bitcoins is bad named because of the media that is giving the bitcoin a bad name.
The people are scared to invest in the bitcoin because they think its bad an used by criminals.

Yeah, but the fact is that criminals are not only using bitcoins, they are using fiat too, and I think they are using fiat more in compare to bitcoins, but people have more issues with bitcoins and not with fiat.

And here is me thinking the banks are the criminals.  In Iceland they put the people that crashed the economy in prison, in UK they gave them a golden handshake.  There are many criminals in the western establishment and governments and financial sectors just like there are some very honest people running underground gangs.  The intelligence services do not trust the police, the military don't trust politicians.  Money is power and the only law is you conscience. So if they use bitcion it is good to me.

Anyway, what kind of media do you guys consume?? I hear only good things of Bitcoin. Although I never hear it mentioned on mainstream media (Not that i consume much of that).
 I do hear the bitcoin users i know complain about how long conformations take. Although people are usually happy to pay a larger (up to 3/4 mBTC) transaction fee than the wallet default of about 1/10th mBTC. Bitcoin looses out to Western Union and paypal in my opinion because it can take so long. 
Also i have had ebay listings taken down for stating that i accept bitcoin.

For me, mining is getting expensive for the small miner and pools want to keep the transaction fees.   The mining is becoming centralised in China.  Pools are often under DDos or block withhold attacks.  No one can trust anyone anymore.  Who knows what will happen when the block payment halves.

[danherbias07]

I think the biggest turn off would be the volatility of it all. No one wants to wake up everyday having to worry about their coins turning to dust. We need the banks to back the blockchain.

Banks? But those are controlled by the government. It would be the same mistake just like fiat and some commodities if this will be done. We cannot control our own money anymore. And they will be the one who will get rich again. Pfft.

[diodio5]

I think the biggest turn off would be the volatility of it all. No one wants to wake up everyday having to worry about their coins turning to dust. We need the banks to back the blockchain.

agree with you everyone always alert to this coin. because the price at any time can go down very sharply. therefore when prices began to climb many people selling directly This would make the price back down.
if you are not good at that you will be more losses maybe it makes a lot of people stop using bitcoin

[eternalgloom]

I think the biggest turn off would be the volatility of it all. No one wants to wake up everyday having to worry about their coins turning to dust. We need the banks to back the blockchain.

agree with you everyone always alert to this coin. because the price at any time can go down very sharply. therefore when prices began to climb many people selling directly This would make the price back down.
if you are not good at that you will be more losses maybe it makes a lot of people stop using bitcoin

If you look at the history if the Bitcoin price of the last couple of years, then you'll see that there were persiods of a couple months long in which there was hardly aany volatility.
Not even that long ago, if I remember correctly. So it could definitely be possible that we'll see another period like that, after the halving hype has gone perhaps.

[Nameless Coin]

They will stop if they lose a lot of money and that is not good. Than they are very angry and they will not like it and that is the problem.
But the most important is that you need some patience. It takes a long time to have some profit later in the future.

[nejibens]

They will stop if they lose a lot of money and that is not good. Than they are very angry and they will not like it and that is the problem.
But the most important is that you need some patience. It takes a long time to have some profit later in the future.

They have to learn that Bitcoin's price isn't stable anyway and can get down or up easily, so with time and patience i think they can make profit by holding bitcoins

[greenuser]

Banks? But those are controlled by the government. ....

WRONG: Banks control the governments not other way around. Who do you think pays for election campaingns?

[Hellacopter]

Banks? But those are controlled by the government. ....

WRONG: Banks control the governments not other way around. Who do you think pays for election campaingns?

He meant that Banks are following the rules and legal of the governments and aren't decentralized like Bitcoin's currency, and that's true regardless what you noticed in some countries that banks pays for elections and so on

[nimbuz]

Believe it or not, there´s many people that would never understand what is, or how to use bitcoin, i think it´s a little bit hard to explain, that´s why is not widely used (yet)

[peta4e]

Price Fluctuation is the major issue here, volatility is the major concern that people are staying away from bitcoins, if this issue is solved than we can see many new investors entering into the world of bitcoins.

[Dmc123dmc]

Fear of the unknown

[TippingPoint]

Some of the advantages of Bitcoin involve the remote but private purchase of items and services, in a way that does not show up on a credit card or bank statement.  And there will always be a multi-billion dollar demand for these items and services.  They include completely legal things that people want discretion and privacy when purchasing, and things that are legal in some jurisdictions but not in others.

The acquisition of Bitcoin is a separate step from the private purchase of the items or services, but the general public has been slow to recognize the advantage of that two-step process.  The good news is that Bitcoin Market Capitalization is now at approximately 6.5 billion USD, and Bitcoin wallets can be downloaded from most of the major software sites.  That is progress.

[jpcfan]

i wished more people would start using btc

[Junko]

Some may feel they have already missed out with the price as high as it is and feel they can't afford to buy, not realizing they can buy less than one full bitcoin.

Others feel like its too much trouble to acquire bitcoin - setting up a wallet, understanding how a wallet works, understanding how bitcoin works, how to use it, send/receive it, etc, etc and just can't be bothered to learn what is needed. These people are happy with things as they are for them.

[makingwin1]

Price Fluctuation is the major issue here, volatility is the major concern that people are staying away from bitcoins, if this issue is solved than we can see many new investors entering into the world of bitcoins.

yeah, fluctuation is usually a bad thing, i offered my friend to use bitcoins though he said that he doesnt like it because the price is unstable

i dont care about the price because i believe that bitcoin is the future and it will be the main currency in the future of all the countries

[n0ne]

Price Fluctuation is the major issue here, volatility is the major concern that people are staying away from bitcoins, if this issue is solved than we can see many new investors entering into the world of bitcoins.

yeah, fluctuation is usually a bad thing, i offered my friend to use bitcoins though he said that he doesnt like it because the price is unstable

i dont care about the price because i believe that bitcoin is the future and it will be the main currency in the future of all the countries

Once they enter into the bitcoin, they feel this fluctuating price to be the attracting feature, because only of the fluctuating price we earn good profit.

[stiffbud]

Fear of the unknown

This provably explains the root of all the reasons why people won't. They have no knowledge of what bitcoin really is and what is the possibility once you got your bitcoin. They ca  onl see what the media tells and what is urrently being discussed. If they will be educated and learn more deeper informations about why it is a good thing to use bitcoin then maybe they will consider using it. Fluctuation in thw market is only a minor reason, if they have an idea what is happenin then they will want to use it.

[Carlsen]

And bitcoin transactions are not reversible.
Many people pay by paypal where it is possible be refunded without the blessing of the contracting party.
This security does not exist with bitcoins (escrows excluded, but you have to have some experience with bitcoins to use that).

[Mickeyb]

And bitcoin transactions are not reversible.

Which is the reason why most of the users here, including me have switched to bitcoin completely or haven't yet used Paypal at all. I don't like a company which has a horrible reputation of taking the side of the scammer, in control of my money