What's stopping people from using bitcoin?

[simonloff]

People probably run scared because it is an internet thing.  Maybe In a way it is understandable because a hacker can steal all your money in a matter of seconds but still if you secure yourself it can be like a bank.

[Aamir1]

People probably run scared because it is an internet thing.  Maybe In a way it is understandable because a hacker can steal all your money in a matter of seconds but still if you secure yourself it can be like a bank.

Hacking your coins won't be easy or i would say he won't be able to steal your coins if you have a little knowledge and you can make your coins safe, all you need to do is a little research about how to keep your bitcoins safe.

[trickyriky]

People probably run scared because it is an internet thing.  Maybe In a way it is understandable because a hacker can steal all your money in a matter of seconds but still if you secure yourself it can be like a bank.

Hacking your coins won't be easy or i would say he won't be able to steal your coins if you have a little knowledge and you can make your coins safe, all you need to do is a little research about how to keep your bitcoins safe.

lol when guberments of the globe finally get sick of bitcoin and crypto they will destroy it be knocking out the electricity grids or the under sea fiber optic internet cables, never put all your eggs in 1 basket

[btc-facebook]

Lack of awareness and lack of knowledge is making people to stay away from bitcoins and also the price fluctuations is a major factor responsible for that.

My Goverment also take apart to prevent civilian for using it because using bitcoin as same as using crime money ( undetectable )
So although people still using it, they will use for their own risk !

[haileysantos95]

Lack of awareness and lack of knowledge is making people to stay away from bitcoins and also the price fluctuations is a major factor responsible for that.

My Goverment also take apart to prevent civilian for using it because using bitcoin as same as using crime money ( undetectable )
So although people still using it, they will use for their own risk !

People who have knowledge about bitcoin cant be stop by government,government see it as crime money but user see at as innovative payment system.

[CasioK]

yes there are a lot of problems that don't help "median" user to embrace btc:

- unstable prices
- scam risk
- you have to study how to use it
- you need to understand how save your coins

After all are these the best problems with btc....as my friends says when I talk about it.

The first one, which is “unstable price” matters more because with that those people who are unaware with trade and are not efficient to covert their bitcoin to fiat will try to stay away.

But not only for bitcoin, for all new currency which a person tries to adopt for the first time require to study about that currency and to learn how to manage for that currency in ororder for daily use.

[extrabyte]

People probably run scared because it is an internet thing.  Maybe In a way it is understandable because a hacker can steal all your money in a matter of seconds but still if you secure yourself it can be like a bank.

every one can secure his self. by just to getting some knowledge about how to safe bitcoins from hackers. hackers can hack everything. but if we use the right ways and follow all rules of saving our money then our money will be safe for long time. and we can also use paper wallets, paper wallet can't be hacked.

[jkrules]

People probably run scared because it is an internet thing.  Maybe In a way it is understandable because a hacker can steal all your money in a matter of seconds but still if you secure yourself it can be like a bank.

every one can secure his self. by just to getting some knowledge about how to safe bitcoins from hackers. hackers can hack everything. but if we use the right ways and follow all rules of saving our money then our money will be safe for long time. and we can also use paper wallets, paper wallet can't be hacked.

the main thing stopping people is the fact that its so hard to buy bitcoins you have to get so many verifications done to purchase.

[jula551]

fact of there still being made new coins and scamming bitcoins in the process,sure damage the concept of bitcoin, i dont understand why people keep creating coins instead being using the current ones, as i know have been made for everything you may need, one of them is bitcoin.

[Carlsen]

People probably run scared because it is an internet thing.  Maybe In a way it is understandable because a hacker can steal all your money in a matter of seconds but still if you secure yourself it can be like a bank.

every one can secure his self. by just to getting some knowledge about how to safe bitcoins from hackers. hackers can hack everything. but if we use the right ways and follow all rules of saving our money then our money will be safe for long time. and we can also use paper wallets, paper wallet can't be hacked.

the main thing stopping people is the fact that its so hard to buy bitcoins you have to get so many verifications done to purchase.

Agree with that. This detour makes it unatractive for the average user.

[Kevin77]

Well I think its mostly the bad name the bitcoin itself has because of the criminals that are using it, but that should be no risk.
The other thing I'm thinking is that people are to scared to invest in it because its still a risk you are taking.

The criminal make their way in any currency they find, it is true that it provide anonymity for the criminals but for that we do not have to be denied with such a beneficial currency, the states have to find legal methods for it.

[MaxTax]

Well I think its mostly the bad name the bitcoin itself has because of the criminals that are using it, but that should be no risk.
The other thing I'm thinking is that people are to scared to invest in it because its still a risk you are taking.

The criminal make their way in any currency they find, it is true that it provide anonymity for the criminals but for that we do not have to be denied with such a beneficial currency, the states have to find legal methods for it.

Criminals are low life scum bags. They jump into anything if they see it's profitable.
The reason people are not using bitcoin is not because of them though. I tend to believe most of the people are not aware of bitcoin.

[Dagwanoenyent]

Stories about cryptolocker and others.. People don't want their money to be stolen by
hackers or scammers so they don't believe in non regulated services!

[tampazeus]

Negative feedbacks from Government, Media and Press is diverting the minds of the people and they start thinking negative about bitcoins that it is illegal currency.

[kenot21]

Negative feedbacks from Government, Media and Press is diverting the minds of the people and they start thinking negative about bitcoins that it is illegal currency.

your right!!! most of the government hate it because they can't control it, helping the banks stay on their feet. And the press are making bitcoin a bad reputation without telling the good side on using it.

[Imoote]

Negative feedbacks from Government, Media and Press is diverting the minds of the people and they start thinking negative about bitcoins that it is illegal currency.

your right!!! most of the government hate it because they can't control it, helping the banks stay on their feet. And the press are making bitcoin a bad reputation without telling the good side on using it.

Yes indeed in some places there were legalized bitcoin, I do not know what the reason. But it will not make people stop using bitcoin in the area. I'm sure some people are desperate to use it. And I do not know why bitcoin on the illegal.

[Dr.Osh]

Negative feedbacks from Government, Media and Press is diverting the minds of the people and they start thinking negative about bitcoins that it is illegal currency.

your right!!! most of the government hate it because they can't control it, helping the banks stay on their feet. And the press are making bitcoin a bad reputation without telling the good side on using it.

Yes indeed in some places there were legalized bitcoin, I do not know what the reason. But it will not make people stop using bitcoin in the area. I'm sure some people are desperate to use it. And I do not know why bitcoin on the illegal.

yes, maybe bitcoin legalized because a lot of people who say that bitcoin is always used for illegal transactions, but if they know what exactly bitcoin, I believe they will use it. they only rate bitcoin from the government and the media are constantly making bad news about bitcoin

[bitgolden]

I think many Bitcoin's users enjoyed using it because it's good price, so if the price get down for less than 100$ i think that encourage some people to stopping from using it

Yes, dropping price discourage people from its use but I think if anyone have interest in bitcoin and it raising price then he should also have to learn about trading and have to learn about its pricing strategy.

[Aamir1]

I think many Bitcoin's users enjoyed using it because it's good price, so if the price get down for less than 100$ i think that encourage some people to stopping from using it

Yes, dropping price discourage people from its use but I think if anyone have interest in bitcoin and it raising price then he should also have to learn about trading and have to learn about its pricing strategy.

Ofcourse dropping price is always a discouragement for people but i don't think the price of bitcoin can drop so much in such a small period of time as the price took years to reach this place and it is predicted to go even higher this year so if it falls down then it will take quite a long time for that.

[kuntulu]

many of them have not even heard about bitcoins, so using it as a currency is a very big deal for them, and many countries don't accept bitcoins as a mode of payment so people don't know that they can make a payment using bitcoins.