What's stopping people from using bitcoin?

[skinnyboy]

Volatility is irrelevant to a merchants choice to accept it as payment processors convert to fiat at very low cost.

However, to a person considering using it, yes, volatility is a concern.  Why would someone who is not overly interested risk the value of what they have going down, having spent ages getting used to and learning about a whole new system of money?

However, if we look beyond them and we look at the people who would not want to just sit on it, but would be motivated to use it, and we find ways to get it into the hands of those people, then we have a recipe for success.

Don'e forget, people are extremely conservative in general and don't like change, so don't waste time trying to convert people to who it wouldn't bring any major significant benefit with no risk attached.

[umaOuma]

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.

Patience is the key year, majority of us lack patience and sell coins at a wrong time thinking that it will not rise again or its an end of it, and gets panic and sell at lower price.

[Wendigo]

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

The fluctuating price is not a problem for companies accepting payments in Bitcoins because at the end of the day they will get their profits converted to fiat through payment processors like Bitpay. I think the normal users like me and you will be far more affected by the big swings if we prefer to hold coins instead of fiat because we may win or lose money depending on what price the speculators will lead Bitcoin to at the end of the week for example.

[benmartin613]

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

The fluctuating price is not a problem for companies accepting payments in Bitcoins because at the end of the day they will get their profits converted to fiat through payment processors like Bitpay. I think the normal users like me and you will be far more affected by the big swings if we prefer to hold coins instead of fiat because we may win or lose money depending on what price the speculators will lead Bitcoin to at the end of the week for example.

This is what the companies are afraid of bitcoin the sudden drop in prices as it will put them in huge debt if that happens.
If there was a stable price then companies will invest in bitcoin.

[QuestionAuthority]

Intelligence and the application of knowledge.

[danherbias07]

Intelligence and the application of knowledge.

That is the fast and basic answer for that. Ohhh one more it is the super laziness and some just want to focus on just one work or interest. Well for flexible people bitcoin is a great way to earn and there is a promise for a profit.

[hawkins]

Intelligence and the application of knowledge.

I think you mean a shortage of Intelligence and the application of knowledge about bitcoin.
the effect is when the price drops bitcoin they panic and sell their bitcoin and stopped using

[mikehersh2]

Its different, it doesnt seem trustworthy, and people aren't used to change. Give it time, and bitcoin will expand.

[Aamir1]

Its different, it doesnt seem trustworthy, and people aren't used to change. Give it time, and bitcoin will expand.

I actually agree with you that bitcoin will take its time but it will surely expand a lot in coming time, and the users will increase none-stop everyday when new places will start adopting bitcoin as a payment.

[rekinthis]

Its different, it doesnt seem trustworthy, and people aren't used to change. Give it time, and bitcoin will expand.

well yeah it might expand though i guess it would be a better thing if bitcoin started booming as soon as possible as it would surely attract a lot of people fast to it

i guess people actually are just afraid that they will somehow do illegal things against the law with it thats why they actually avoid using it

[chaosknight]

Its different, it doesnt seem trustworthy, and people aren't used to change. Give it time, and bitcoin will expand.

I actually agree with you that bitcoin will take its time but it will surely expand a lot in coming time, and the users will increase none-stop everyday when new places will start adopting bitcoin as a payment.

Yeah majority of the world is not aware about the bitcoin at a moment, but scenario will change in future when bitcoin will become more popular and will be accepted widely.

[bankingbtc]

i doubt that anyone actually stops them from using it, people just choose to either use it if they need it or not, thats their decision

the only thing that might stop them is governments if they banned bitcoin and disallow people to use it because governments are afraid of bitcoin

[eddyubachs]

i doubt that anyone actually stops them from using it, people just choose to either use it if they need it or not, thats their decision

the only thing that might stop them is governments if they banned bitcoin and disallow people to use it because governments are afraid of bitcoin

Yes Government have fear that if bitcoin will get on mainstream they will loose all their power that they hold on fiat currency, and they know even they cannot have control on bitcoins.

[QuestionAuthority]

Intelligence and the application of knowledge.

I think you mean a shortage of Intelligence and the application of knowledge about bitcoin.
the effect is when the price drops bitcoin they panic and sell their bitcoin and stopped using

Intelligent adults, unlike the children on this forum sig campaigning for beer money, are unwilling to risk their hard earned money on something as risky as Bitcoin. You can buy Bitcoin today to make a purchase tomorrow and find out tomorrow that you can't make the purchase because you lost money overnight.

[mirana12345]

i doubt that anyone actually stops them from using it, people just choose to either use it if they need it or not, thats their decision

the only thing that might stop them is governments if they banned bitcoin and disallow people to use it because governments are afraid of bitcoin

Yes Government have fear that if bitcoin will get on mainstream they will loose all their power that they hold on fiat currency, and they know even they cannot have control on bitcoins.

I agree on the notion that "them" are scared, but "them" is not government, but rather people behind the whole freakshow - banks and corporations.
It's still hard to imagine bitcoin winning in the end against such strong rival, i just hope people recognize who the real enemy is, then they will surely embrace bitcoin.

[co5hike]

i doubt that anyone actually stops them from using it, people just choose to either use it if they need it or not, thats their decision

the only thing that might stop them is governments if they banned bitcoin and disallow people to use it because governments are afraid of bitcoin

Yes Government have fear that if bitcoin will get on mainstream they will loose all their power that they hold on fiat currency, and they know even they cannot have control on bitcoins.

I agree on the notion that "them" are scared, but "them" is not government, but rather people behind the whole freakshow - banks and corporations.
It's still hard to imagine bitcoin winning in the end against such strong rival, i just hope people recognize who the real enemy is, then they will surely embrace bitcoin.

yeah on one hand people say that they don't have faith in their Government and on other had they just start following Government when they say that bitcoin is illegal.

[betohell]

i doubt that anyone actually stops them from using it, people just choose to either use it if they need it or not, thats their decision

the only thing that might stop them is governments if they banned bitcoin and disallow people to use it because governments are afraid of bitcoin

there may be some people who objected when the government prohibited the use of bitcoin. but I think it would not affect to them.  my own country prohibits bitocin. but I still use bitcoin and not stop using bitcoin

[danherbias07]

i doubt that anyone actually stops them from using it, people just choose to either use it if they need it or not, thats their decision

the only thing that might stop them is governments if they banned bitcoin and disallow people to use it because governments are afraid of bitcoin

I think it is saying about what people is not starting to use it. What is stopping them? Is it a who or what?

I think it is always a what. Lavk of knowledge and laziness to study it or learning how it can be done.

[BlackPanda]

no one can stop people using bitcoin. bitcoin provide convenience to its users. bitcoin provides comfort and security. people will start leaving the current conventional transaction.

[xIIImaL]

no one can stop people using bitcoin. bitcoin provide convenience to its users. bitcoin provides comfort and security. people will start leaving the current conventional transaction.

But I think many people don't know enough about bitcoin and crypto currencies generally, or may be they have wrong ideas about this currencies. That's why they don't use bitcoin usually. And that's why the bitcoin's community should advertise more Bitcoin in social medias like facebook and twitter.