rahmawati6718
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March 22, 2016, 02:38:13 PM |
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The simple fact is that bitcoin isn't widely accepted. The consumers need something to spend it on. The sellers will not accept it unless there's a big demand. We're stuck
That is one fact. But there are still a lot more. Knowledge and some bad past of bitcoin through the creation if media and the government are one more. Lazy people dont want to listen to a person who will explain thoroughly what bitcoin is. That is another problem. easier to use cash and credit cards for everyday shopping, and I doubt it will change. Cash can always be used without internet, bitcoin not. Credit cards and paypal confirmations are instant, whereas for bitcoin it is about 10 min, but usually more. Also people get their salaries with fiat or directly to their bank.
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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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ajun96
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March 22, 2016, 11:07:42 PM |
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The simple fact is that bitcoin isn't widely accepted. The consumers need something to spend it on. The sellers will not accept it unless there's a big demand. We're stuck
That is one fact. But there are still a lot more. Knowledge and some bad past of bitcoin through the creation if media and the government are one more. Lazy people dont want to listen to a person who will explain thoroughly what bitcoin is. That is another problem. therefore the adoption of many people and community is very influential for bitcoin can be widely used. because if the adoption of increasingly large and growing user. bticoin demand course will continue to grow and automatically stores and merchants will add a payment option to bitcoin
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mikehersh2
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March 23, 2016, 01:37:52 AM |
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Major adjustments such as this take time to go underway. The concept of online currency might still be pretty foreign to many people, and can seem complicated or untrustworthy, despite the statistics that prove otherwise.
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kuntulu
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March 23, 2016, 06:08:17 AM |
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Major adjustments such as this take time to go underway. The concept of online currency might still be pretty foreign to many people, and can seem complicated or untrustworthy, despite the statistics that prove otherwise.
if are ordinary people who don't know about bitcoin. they will not be interested and close the page if it's about bitcoin, and therefore need an introduction and advertisement. so bitcoin could be known by the public.
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ASHLIUSZ
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March 23, 2016, 06:21:11 AM |
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some reasons for stopping people from using bitcoin are, bitcoins are not widely accepted wallets can be lost bitcoin valuation fluctuates no buyer protection etc...
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DuckKeeper
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March 23, 2016, 08:28:48 AM |
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I think people are stopping using Bitcoin because It can take a while before you can make some good money out of it. Some people just have the patient.
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MaxTax
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March 23, 2016, 08:31:03 AM |
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They will stop if they will be scammed or something, or they lost a lot of money and that is not good. But they will only stop with Bitcoin if they lost a lot of money and that will be bad. Because you can see now that Bitcoin will be more worth and more used so that will not be the reason.
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blackmachinegun
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March 23, 2016, 09:16:27 AM |
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Major adjustments such as this take time to go underway. The concept of online currency might still be pretty foreign to many people, and can seem complicated or untrustworthy, despite the statistics that prove otherwise.
many people say that using an online currency is very difficult although they have not tried they keep saying it. bitcoin is the first online currency thats why bitcoin still not so trusted. but age bitcoin will continue to grow and thrive. bitcoin will prove highly trusted
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DeDordtenaar
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March 23, 2016, 10:10:20 AM |
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I think people are stopping using Bitcoin because It can take a while before you can make some good money out of it. Some people just have the patient.
to be able to benefit from bitcoin You do not need to wait a long time. Siganture campaign as you only need a few posts to get free bitcoin. I think the reason they stopped is not like this mate
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Pollak
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Pollak
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March 23, 2016, 10:13:58 AM |
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The only reason that they will stop is that they lost a lot of money. Than they will stop because they dont like it anymore. But that is very bad, because there are greedy and that is not good, they are going to sell it to early and that is bad. They must wait when the value will be higher.
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ChronoGN
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March 23, 2016, 12:56:38 PM |
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For me, its that nothing that I pay for accepts payments in Bitcoin yet (Gas, car insurance, electric bill, AT&T bill, etc.) Also, another thing is, why pay 1% in transaction fees when you can get 1-5% cash back using your credit card?
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Zuminest
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March 23, 2016, 01:05:28 PM |
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Only few corporate are using and accepting bitcoin. When the corporate use increases automatically large number of people will adopt bitcoin. Now its the reason for avoiding bitcoin.
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BrockHunter
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Activity: 67
Merit: 10
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March 23, 2016, 01:12:27 PM |
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They stop it only when they lost some money. And that is the only reason, because they are greedy they are going to sell it too early. And that is quite bad. I hope later that there will be more people that is waiting for some good profit in the future.
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Gloiri
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March 23, 2016, 01:17:10 PM |
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You're asking a very complex question. This question can not be answered with a reason or two. There are many factors in play. Maybe Bitcoin is still too complex for some people. Besides, the majority are ignorant and closed-minded (change is hard to accept).
I completely agree, some people just don't have the mind and patients do become successful with Bitcoin. You have to be patient. If you really like to make money you should be patient.
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richmcrich
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March 23, 2016, 01:33:43 PM |
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For me, its that nothing that I pay for accepts payments in Bitcoin yet (Gas, car insurance, electric bill, AT&T bill, etc.) Also, another thing is, why pay 1% in transaction fees when you can get 1-5% cash back using your credit card?
You don't pay %1 unless you are doing micro-transactions "and you can do this in bulk if you want to save the fees", The cashback is from the fees the creditcards get and BTC is just 0.0001 BTC fee for miners... I agree that BTC has a long way to go for getting globally accepted, if it does then BTC field as a whole would improve.
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Aamir1
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March 24, 2016, 11:46:35 AM |
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They stop it only when they lost some money. And that is the only reason, because they are greedy they are going to sell it too early. And that is quite bad. I hope later that there will be more people that is waiting for some good profit in the future.
They stop using it when they lose but only if they start using it, and the question is that what is the reason why people are not coming towards bitcoin, i guess this is the exact meaning of the question, and i think the biggest reason for this is that they are not aware of it or maybe not totally aware of it and its advantages they can have that is the reason why people are not using bitcoin yet.
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Erzatium
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March 24, 2016, 01:47:44 PM |
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They stop it only when they lost some money. And that is the only reason, because they are greedy they are going to sell it too early. And that is quite bad. I hope later that there will be more people that is waiting for some good profit in the future.
They stop using it when they lose but only if they start using it, and the question is that what is the reason why people are not coming towards bitcoin, i guess this is the exact meaning of the question, and i think the biggest reason for this is that they are not aware of it or maybe not totally aware of it and its advantages they can have that is the reason why people are not using bitcoin yet. Yes indeed. But many people are also going to stop it if it will be not more acceptable, because you cant spend it. And that is very bad. If the value will be very low in the future, than there will be also another reason to stop with Bitcoin.
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simonloff
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March 24, 2016, 03:11:29 PM |
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They stop it only when they lost some money. And that is the only reason, because they are greedy they are going to sell it too early. And that is quite bad. I hope later that there will be more people that is waiting for some good profit in the future.
Not necessary, Allot of people stopped and did not even start using bitcoin despite not making any losses from bitcoin, I think the majority still find it a difficult topic to understand.
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wildan88
Legendary
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Merit: 1046
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March 24, 2016, 03:15:40 PM |
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I think maybe if someone is difficult to get bitcoin and just get some satoshi each week. and then he got a job or something else bigger. then he tried to leave.
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KennyR
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March 24, 2016, 04:07:10 PM |
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The price fluctuations along with steep increase and decrease at times. Most alts has used the same technology and near to thousands of alts has failed.
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