kingntking
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Activity: 98
Merit: 11
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March 11, 2016, 07:46:19 AM |
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it should be what is encouraging people to use BTC rather than what is stopping them from using it, I think people need some stimulation and knowledge about the advantages of btc to actually use it.
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Carlsen
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March 11, 2016, 08:13:43 AM |
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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 One of the reasons why I'm here too. But most people want the feeling of safety. Especially when it comes up to their money. Irreversability of course is not the only thing that makes people feel not safe when they think about bitcoins. |
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Daimon88
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March 11, 2016, 08:31:57 AM |
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People are not machines in my opinion and looking at it like that is wrong IMO, it should be what is encouraging people to use bitcoin, Creditcards are easier and simpler to use and if bitcoin is to defeat it then it should have advantages that actually attract people to it and make them use it rather than simply not knowing about it at all.
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betohell
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March 11, 2016, 08:44:59 AM |
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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 fluctuations actually made me a little hesitant to invest with a high amount of money. but if there is no fluctuations off course. there is no great profit in bitcoin. there is advantages and disadvantages |
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LarryHocks
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March 11, 2016, 08:51:27 AM |
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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 fluctuations actually made me a little hesitant to invest with a high amount of money. but if there is no fluctuations off course. there is no great profit in bitcoin. there is advantages and disadvantages There are advantages and disadvantages but keep in mind every currency has this so that is no excuse. I think its more the fact that people are just scared to lose a lot of money, also the fact that the bitcoin has a bad name is causing this. |
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blackmachinegun
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March 11, 2016, 03:36:52 PM |
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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.
agree with you other than that. fluctuations can make newcomers fail interested in bitcoin. This is certainly very unfortunate. where bitcoin is aggressively looking for new members. fluctuation does have advantages and disadvantages. but usually seen only shortage |
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Digital_Lord
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March 11, 2016, 04:51:36 PM |
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i wished more people would start using btc
I wish that too.. I can happily say this I didn't see anyone who used bitcoin, and then leaved it with negative opinion, everyone I know in bitcoin community have trusted on bitcoin and has positive thought about bitcoin and they want to use bitcoin for lifetime. good thing for bitcoin. |
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Sengoko
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March 11, 2016, 05:17:09 PM |
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it's not about what is stopping them it should be about what is encouraging them, when you want people to change how they consider money of course it won't be a simple change but a very complicated process overall.
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GamingBro
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March 11, 2016, 05:37:42 PM |
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Everybody want to instant profit and fully safety of theirs welth,so that's is the core of problem.
Also it's not so popular thing nowdays.
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darewaller
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March 11, 2016, 05:52:04 PM |
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Everybody want to instant profit and fully safety of theirs welth,so that's is the core of problem.
Also it's not so popular thing nowdays.
Popularity of bitcoin is highly dependent of your geographic locations. Instant profits and full safety are not possible with any format of money or investment in real life. Fortunately we can enjoy high profits from bitcoin in quicker time and highest protections to our wealth. Bitcoin is heading towards main stream in my view. |
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kyrios_
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March 11, 2016, 06:00:21 PM |
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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.
I think these price fluctuation stems from people's mindset towards bitcoins. they view it as a speculative asset rather than a currency. this causes the fluctuations and in turn causes people to avoid Bitcoin as what it is meant to be, a currency |
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offlinedragon
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March 11, 2016, 06:10:29 PM |
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I think the volatility is one of the reasonsa why mainstream adoption has not completely happened but the volatility is in part because of the way the people use the market and can't say completely it is not the fault of those using the market...
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twister
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March 11, 2016, 06:19:27 PM |
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I think the volatility is one of the reasonsa why mainstream adoption has not completely happened but the volatility is in part because of the way the people use the market and can't say completely it is not the fault of those using the market...
Services like Bitpay can be used to minimize the effects of price fluctuations if that is what a company is worried about, so I don't think its that, I think the concept is bit difficult for a lot of people to still understand. |
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bearexin
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March 11, 2016, 06:22:13 PM |
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People need encouragement and big support to actually move from something they are so used to like USD to something irregular and not used to like bitcoins and how the virtual money idea is away from people, I think people just need time to get used to bitcoin.
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kiloiko
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March 11, 2016, 06:36:46 PM |
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The lack of motivation probably, the motivation to completely change the financial world and how and what you consider money is not a small jump, allot of people would not do such a big move this easily.
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zergenyt09
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March 11, 2016, 06:53:08 PM |
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IMO People must know and search about bitcoin to know about bitcoin seriously ,the same happen with the internet just some were able to use it before but after sometime it grown and became an important part of the people so I suppose it is a gradual process and would take time.
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Freshmen
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March 11, 2016, 07:01:12 PM |
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probably very much the lack in ease of using BTC is one of the things preventing people from using it, now with a credit card you simply do not need to do anything but hold the card and pass it in a scanner and the transaction gets completed while bitcoins require some effort more than that.
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Thepuj
Newbie
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Activity: 52
Merit: 0
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March 13, 2016, 11:44:23 PM |
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These are bitcoin payment conditions from an ebay seller: Due to ever changing prices and volatile nature, once you are ready to pay, you must message me and wait for my reply. Once I reply, you must reply back and state you are "ready" to immediately initiate transfer/payment, and I will send you the "locked" in rate and total due in coins, and will message you the correct wallet address to send coins to. Once you receive my message with amount due and wallet address, you will need to send coins within 10 minutes so transaction can be completed within 30 min total with confirmations. (otherwise, I reserve the right to adjust the amount due higher if market fluctuates.) I do not want to complain about that seller. Because of the volatility he has to reduce his risks. But with such conditions only the most dedicated bitcoin user will use it. |
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63854
Newbie
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Activity: 17
Merit: 0
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March 14, 2016, 12:11:56 AM |
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We don't need random eBay sellers accepting Bitcoin since usually this is instantly converted to FIAT, lowering Bitcoin's value and increasing volatility, we need people getting paid in Bitcoin so that sellers don't ditch it as soon as they get it.
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n0ne
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March 14, 2016, 08:33:25 AM |
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We don't need random eBay sellers accepting Bitcoin since usually this is instantly converted to FIAT, lowering Bitcoin's value and increasing volatility, we need people getting paid in Bitcoin so that sellers don't ditch it as soon as they get it.
That's not fair. At this growing level bitcoin surely need sellers accepting bitcoin in all firms, even if they convert instantly to fiat also, it won't impact much in price. |
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