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Author Topic: What's stopping people from using bitcoin?  (Read 202150 times)
talkbitcoin
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April 01, 2016, 12:01:25 PM
 #1401

No internet connection. People in other places doesn't have a stable internet connection and much worse no connection available. So they are not into using uᴉoɔʇᴉq and preferred only the one that easy to access.
yeah it might happen I sometimes see areas that do not have an internet signal. so I think the users who have homes in that area. would be difficult to use uᴉoɔʇᴉq
because uᴉoɔʇᴉq can only be used in online right ? not in offline.
maybe that's one reason


Yes definitely that is one of the reason why we can't say that the mass adoption of bitcoin will really spreadout in the whole world. Just be happy today that we are lucky, we can feel and see the advantage of using bitcoin.

bitcoin is not going to be used by every single person on the planet.
obviously there will always be some people who don't use bitcoin. as there are currently many who don't use paypal, westernunuion,...
besides the internet has been spreading all over the world, almost everybody nowadays have access to internet or even the shop can provide a simple cheap wireless network

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romero121
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April 01, 2016, 12:18:12 PM
 #1402

Well most of the people that I know do not even know the uᴉoɔʇᴉq itself and some people do in fact its just the fact that they do not know it.
Another reason is also that they are thinking its used by criminals, the media is always bringing bad news about the uᴉoɔʇᴉq.

Yeah now only it is getting spread little by little, so at present as said it is very tough to find a person aware of bitcoin in your locality or next to you. The second statement is also true, people stay out of it thinking bitcoin is used for criminal activities.
delliaerd
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April 01, 2016, 12:27:01 PM
 #1403

so many reason, for example: they got bored , they think they dont need uᴉoɔʇᴉq anymore, they think that uᴉoɔʇᴉq dont have bright future (i believe uᴉoɔʇᴉq have bright future)

Yeah you're absolutely right, they think that bitcoin don't have bright future, it also means that bitcoin not profitable and disadvantages for them. These reasons is the most mainstream people do.

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SquallLeonhart
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April 01, 2016, 01:02:04 PM
 #1404

so many reason, for example: they got bored , they think they dont need uᴉoɔʇᴉq anymore, they think that uᴉoɔʇᴉq dont have bright future (i believe uᴉoɔʇᴉq have bright future)

Yeah you're absolutely right, they think that uᴉoɔʇᴉq don't have bright future, it also means that uᴉoɔʇᴉq not profitable and disadvantages for them. These reasons is the most mainstream people do.

Yeah people hold negative mindsets towards bitcoin and that is the reason they prefer to stay away from it as they have a feeling that bitcoin will not survive in future.
Altcoinsupporter
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April 01, 2016, 01:37:47 PM
 #1405

They will stopping using Bitcoin, when they lose a lot of money with Bitcoin and that can be really bad for them so they regret and they will stop using it.
I think that it their own fault if they losing to much money with it, because you must have some patience to make some good profit and dont sell it too early.

Because patience is the most important role in Bitcoin, otherwise it is not possible to make profit.
landoadog
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April 01, 2016, 01:50:35 PM
 #1406

so many reason, for example: they got bored , they think they dont need uᴉoɔʇᴉq anymore, they think that uᴉoɔʇᴉq dont have bright future (i believe uᴉoɔʇᴉq have bright future)

Yeah you're absolutely right, they think that uᴉoɔʇᴉq don't have bright future, it also means that uᴉoɔʇᴉq not profitable and disadvantages for them. These reasons is the most mainstream people do.

Yeah people hold negative mindsets towards uᴉoɔʇᴉq and that is the reason they prefer to stay away from it as they have a feeling that uᴉoɔʇᴉq will not survive in future.


They will think that but when they see in the street and look at a shop that accept bitcoin then they will change their mind and use bitcoin too.
chaosknight
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April 01, 2016, 02:00:53 PM
 #1407

so many reason, for example: they got bored , they think they dont need uᴉoɔʇᴉq anymore, they think that uᴉoɔʇᴉq dont have bright future (i believe uᴉoɔʇᴉq have bright future)

Yeah you're absolutely right, they think that uᴉoɔʇᴉq don't have bright future, it also means that uᴉoɔʇᴉq not profitable and disadvantages for them. These reasons is the most mainstream people do.

Yeah people hold negative mindsets towards uᴉoɔʇᴉq and that is the reason they prefer to stay away from it as they have a feeling that uᴉoɔʇᴉq will not survive in future.


They will think that but when they see in the street and look at a shop that accept uᴉoɔʇᴉq then they will change their mind and use uᴉoɔʇᴉq too.

That will take a long time where we can see shops accepting bitcoin but before that people should have basic knowledge of  bitcoins then only they will feel to use it.
Pattart
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April 01, 2016, 02:26:24 PM
 #1408

Well most of the people that I know do not even know the bitcoin itself and some people do in fact its just the fact that they do not know it.
Another reason is also that they are thinking its used by criminals, the media is always bringing bad news about the bitcoin.
yeah people only understood a glimpse of bitcoin is from the media or television shows. where they only received bad news from the bitcoin. so that they may be a bit anti the things that smelled of criminal
then they do not use bitcoin and stops interested
CiaraB
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April 01, 2016, 02:34:17 PM
 #1409

For me personally, (although I'm only new to this), is the lack of being able to use it in everyday life like cash or card.
BitHodler
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April 01, 2016, 02:37:03 PM
 #1410

They will stopping using uᴉoɔʇᴉq, when they lose a lot of money with uᴉoɔʇᴉq and that can be really bad for them so they regret and they will stop using it.
I think that it their own fault if they losing to much money with it, because you must have some patience to make some good profit and dont sell it too early.

Because patience is the most important role in uᴉoɔʇᴉq, otherwise it is not possible to make profit.

People make mistakes that will cost them a lot money and blame Bitcoin for their wrong doings.

Patience is what a lot people here don't have and probably never will have.

I really believe that only the governments can make people stop using Bitcoin as they can force banks and payment services to directly stop allowing Bitcoin transactions, which will eventually dry out everything.

BSV is not the real Bcash. Bcash is the real Bcash.
fredashton
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April 01, 2016, 02:39:26 PM
 #1411

For me personally, (although I'm only new to this), is the lack of being able to use it in everyday life like cash or card.


This is one of the few reason why people are not using bitcoin because there are few or no shop available for you to spend your coins with.
nejibens
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April 01, 2016, 03:31:45 PM
 #1412

May be the price volatility isn't encouraging people to use Bitcoin as payment processor or even to own it
skinnyboy
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April 01, 2016, 03:53:16 PM
 #1413

I've spent a lot of time pondering this, and a lot of time since I stopped pondering and started doing, learning about what motivates people to use it and how more people can be encouraged to join in.

One thing I've come to realise is that people are especially wary of trying anything new.  It doesn't matter if it's bitcoin, their ISP, their bank or their utilities providers, people will simply show a preference for keeping things exactly as they are, even if it's doing them harm (or at the very least, not working to their greatest advantage).

Of course, infrastructure is a big part of that.  People need to be able to use to to even consider for a moment hat they might.  Luckily there are now loads of ways to use it, which leaves us with just one problem.

How do we get people to want to have it in the first place?

It needs to be put into the hands of people.  Not just speculators, but people who can't afford to just sit on cash, people who will be looking for ways to spend it and use it, either with companies or amongst each other.  To that end I'm working on something which I'll be announcing here hopefully within the next few weeks.  It'll be a great new way to get new blood involved and it wont involve them having to buy bitcoin, which they wouldn't otherwise do anyway, and it doesn't involve clicking captures for 40 hours a week to get 0.0001 btc.

CiaraB
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April 01, 2016, 04:38:11 PM
 #1414

I reckon it has to do with the volatility as well. A business can't really risk accepting payment for something at X value and then the price drops within a few hours or a day as they have to resupply which could result in them having a net loss.

I would imagine that's why a lot of hipster coffee places accept it, because coffee has a large profit margin so it wouldn't affect it too much.
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April 01, 2016, 04:39:15 PM
 #1415

May be the price volatility isn't encouraging people to use uᴉoɔʇᴉq as payment processor or even to own it

Yes price volatility is the major factor behind people not using bitcoins as they have a fear of loosing their money if bitcoin price falls in future.
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April 01, 2016, 04:44:38 PM
 #1416

Yes price volatility is the major factor behind people not using moondollars as they have a fear of loosing their money if uᴉoɔʇᴉq price falls in future.

Sorry, moondollars? I'm new to the whole bitcoin thing. Are they related. I googled it but just came across dollars with an eagle on the moon.
greBit
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April 01, 2016, 04:47:48 PM
 #1417

May be the price volatility isn't encouraging people to use uᴉoɔʇᴉq as payment processor or even to own it


According to me...most of the people are not aware about it and some people have less faith in it....but you have to understand without taking any risk you cant acheive anything...Rather than that i dont think any main reason whats stopping them from using it....
pocarime32
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April 01, 2016, 05:00:49 PM
 #1418

May be the price volatility isn't encouraging people to use uᴉoɔʇᴉq as payment processor or even to own it

Yes price volatility is the major factor behind people not using moondollars as they have a fear of loosing their money if uᴉoɔʇᴉq price falls in future.

Yes i agree with you. I think price is the most stopping people from using bitcoin, like when the price decrease so down around $200+, There are many of my friends stop using bitcoin.
stromma44
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April 01, 2016, 05:03:33 PM
 #1419

May be the price volatility isn't encouraging people to use uᴉoɔʇᴉq as payment processor or even to own it

Yes price volatility is the major factor behind people not using moondollars as they have a fear of loosing their money if uᴉoɔʇᴉq price falls in future.

Yes i agree with you. I think price is the most stopping people from using uᴉoɔʇᴉq, like when the price decrease so down around $200+, There are many of my friends stop using uᴉoɔʇᴉq.

If it falls to that level then I think majority of us will loose trust in it and will stop using it as it will take a long time to grow again.
Bestwishes745
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April 01, 2016, 05:09:58 PM
 #1420

May be the price volatility isn't encouraging people to use uᴉoɔʇᴉq as payment processor or even to own it

Yes price volatility is the major factor behind people not using moondollars as they have a fear of loosing their money if uᴉoɔʇᴉq price falls in future.

Yes i agree with you. I think price is the most stopping people from using uᴉoɔʇᴉq, like when the price decrease so down around $200+, There are many of my friends stop using uᴉoɔʇᴉq.

yes it was the price, when it started to decrease and reached to $200, everyone felt fear and and worried about their money and at that time a lot of people have lost a large amount of their wealth and so these people now have fear from bitcoin.
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