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arwin100
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April 15, 2016, 10:16:34 AM |
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You can lose a lot of money with Bitcoin. You need to take the risk that you must invest in Bitcoins. And you dont know if you lose or win your money.
People are stopping because the value of Bitcoin is now very low and they are angry about it. They need all patience and then just wait for a good moment to sell it.
Yeah your right for that many people double thoughs for using bitcoin because they dont want to lose their hard earned money and dont have faith in bitcoin. Other factor is they are not educated bout bitcoin and it is new to their and they dont pay attention to bitcoin and that is people stopping using bitcoin. |
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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agustina2
Legendary
 Offline
Activity: 2436
Merit: 1008
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April 15, 2016, 10:29:18 AM |
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Some places can't touch bitcoin even if you have a lots. Let's say you have your bitcoin vaulted in your hardware wallet then you will go for a certain place where shop , merchants or even transfer to fiat is really impossible. Your bitcoin here is totally useless.
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Jemzx00
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April 15, 2016, 11:48:59 AM |
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Well from what I've experience from what people around me said to me when they heard that I'm earning money using bitcoin is that I'm earning in an illegal way. Well for some people they think bitcoin is something illegal since it's the main way of payment in Deepweb. Me too think that bitcoin was once a illegal money. This must be cleared to people.
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ajun96
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April 15, 2016, 12:42:33 PM |
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Everyone keeps on saying that Government is not supporting it but to be honest how many people around us knows what exactly bitcoin is, I hope you got your answer.
Makes sense...Government would probably watch over bitcoin if they see that half of their people are already using it...So it means it is our responsibility to spread bitcoin to the people around us.. I think if people love bitcoin and earn a substantial income from the bitcoin you're not going to stop using bitcoin. only due to the intervention of the government. my own country prohibits the use of bitcoin. but I still use it after all the government does not know if you're using bitcoin right ? |
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Hide_ip112
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April 15, 2016, 12:47:07 PM |
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Everyone keeps on saying that Government is not supporting it but to be honest how many people around us knows what exactly bitcoin is, I hope you got your answer.
I think those problems will not result in a person ceases to use the Bitcoin. Because if they Government does not support the Bitcoin, we can still use the Bitcoin easily for Bitcoin can be accessed by using the Internet |
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agustina2
Legendary
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Activity: 2436
Merit: 1008
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April 15, 2016, 01:10:03 PM |
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Government not supporting bitcoin. Nah. Bitcoin are not their priority why bother to think of that. In a country there are lots of things to be prioritized. Bitcoin is just a miscellaneous thing and they are not the one who will take time to watch this currency. There are people who in-charge of that.
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Lokfar
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April 15, 2016, 01:48:30 PM |
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They are stopping when they realize that they must wait a long time until the value will be more of Bitcoin and that is also bad because patience is really important in Bitcoin.
Some of them are also stopping because they lost some money with it and that is also bad.
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panju1
Legendary
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Activity: 1246
Merit: 1000
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April 15, 2016, 04:14:23 PM |
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Government not supporting bitcoin. Nah. Bitcoin are not their priority why bother to think of that. In a country there are lots of things to be prioritized. Bitcoin is just a miscellaneous thing and they are not the one who will take time to watch this currency. There are people who in-charge of that.
Governments don't need to support Bitcoin. If they leave it alone, Bitcoin will flourish.  In many countries, damaging statements by people in power have hurt Bitcoin. |
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romero121
Legendary
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Activity: 3164
Merit: 1213
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April 15, 2016, 04:18:47 PM |
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Government not supporting bitcoin. Nah. Bitcoin are not their priority why bother to think of that. In a country there are lots of things to be prioritized. Bitcoin is just a miscellaneous thing and they are not the one who will take time to watch this currency. There are people who in-charge of that.
True, government has lots of other responsibilities. Its our duty to take care of bitcoin and take it towards growing path. But in few countries bitcoin is supported by government, in those countries bitcoin has flourished high. |
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agustina2
Legendary
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Activity: 2436
Merit: 1008
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April 15, 2016, 04:19:39 PM |
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They are stopping when they realize that they must wait a long time until the value will be more of Bitcoin and that is also bad because patience is really important in Bitcoin.
Some of them are also stopping because they lost some money with it and that is also bad.
Well they lose money because of improper decision. And about the patience thing, they are not into bitcoin if they will just wait for the price increase without taking advantage of every price fluctuations. |
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treeguard
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April 15, 2016, 06:05:27 PM |
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So after reading this article and especially the ending: One thing is for certain: having made Bitcoin less of a security worry, transparency will now be key in attracting users to new models, placing control of funds and fees in an upfront way in their own hands. I'm wondering what's stopping people from using bitcoin? And now I'm talking about people who already aware of bitcoin and how it works but still not using it. The price is now pretty much stable for more then a year, security issues are out of the question - so why we can't see in 2015 more companies switching to it, especially considering the unstable condition of moden economy? I think that people are afraid to use bitcoin because it is still new, around 10 years old only and it is.popular for 5 years not more Ans also maybe they feel safer with fiat as you can have them in your pocket, not virtual, other people should explain how safe bitcoins are |
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richardsNY
Legendary
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Activity: 1232
Merit: 1091
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April 15, 2016, 06:28:10 PM |
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Government not supporting bitcoin. Nah. Bitcoin are not their priority why bother to think of that. In a country there are lots of things to be prioritized. Bitcoin is just a miscellaneous thing and they are not the one who will take time to watch this currency. There are people who in-charge of that.
True, government has lots of other responsibilities. Its our duty to take care of bitcoin and take it towards growing path. But in few countries bitcoin is supported by government, in those countries bitcoin has flourished high. Some governments support Bitcoin? I can't remember having seen or read about a certain government openly supporting Bitcoin. I know that they are quite interested in the block chain technology, but not Bitcoin as coin. |
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eddyubachs
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April 15, 2016, 06:39:45 PM |
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Government not supporting bitcoin. Nah. Bitcoin are not their priority why bother to think of that. In a country there are lots of things to be prioritized. Bitcoin is just a miscellaneous thing and they are not the one who will take time to watch this currency. There are people who in-charge of that.
True, government has lots of other responsibilities. Its our duty to take care of bitcoin and take it towards growing path. But in few countries bitcoin is supported by government, in those countries bitcoin has flourished high. Some governments support Bitcoin? I can't remember having seen or read about a certain government openly supporting Bitcoin. I know that they are quite interested in the block chain technology, but not Bitcoin as coin. That's true even the banks are interested in block chain technology but they will never support bitcoin as it is an threat to their banking system. |
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0day
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April 15, 2016, 07:51:43 PM |
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Government not supporting bitcoin. Nah. Bitcoin are not their priority why bother to think of that. In a country there are lots of things to be prioritized. Bitcoin is just a miscellaneous thing and they are not the one who will take time to watch this currency. There are people who in-charge of that.
True, government has lots of other responsibilities. Its our duty to take care of bitcoin and take it towards growing path. But in few countries bitcoin is supported by government, in those countries bitcoin has flourished high. Yeah, in those countries the adoption rate has increased to much height, A large community of there is aware with that coin and so they are facilitated with more facilities of it, like they are provided with ATM cards and ATM machines etc, |
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fkvidar
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April 15, 2016, 07:58:04 PM |
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If bitcoin gets the support from the Government then people will surely start using it but that clause is missing at a moment and that is the reason people are not using it.
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chichidori
Legendary
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Activity: 1694
Merit: 1003
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April 16, 2016, 03:53:27 AM |
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Using bitcoin in a 3rdworld country is more difficult than you think, they always stick on what they know and often adopt in new things. people like me need to be educated more. and its none refundable the possibility of scam is always their.
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DeDordtenaar
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April 16, 2016, 04:24:44 AM |
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If bitcoin gets the support from the Government then people will surely start using it but that clause is missing at a moment and that is the reason people are not using it.
many people have stopped because of the intervention and the role of government there may be some people who experience it. if the government legalize bitcoin. will certainly occur adoption of a great future |
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| CloakCoin | Private, Secure & Untraceable Cryptocurrency | Enigma
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delliaerd
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April 16, 2016, 04:53:08 AM |
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If bitcoin gets the support from the Government then people will surely start using it but that clause is missing at a moment and that is the reason people are not using it.
many people have stopped because of the intervention and the role of government there may be some people who experience it. if the government legalize bitcoin. will certainly occur adoption of a great future When the government prohibit to use of bitcoin, whether we want or not we should obedient for that law. I grateful that in my country bitcoin still legal to use. |
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NeilLostBitCoin
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April 16, 2016, 06:00:55 AM |
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First of all Resources (Computer and internet), what if your home suddenly burn and all of your things are burn to, or maybe your parents went bankrupt and all of your things need to sell. For me this also a reason.  |
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michietn94
Legendary
Offline
Activity: 1274
Merit: 1001
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April 16, 2016, 06:15:12 AM |
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I think most of people don't want to try something new so they are lack of bitcoin knowledge usage.
Even if they already know about bitcoin, some people may see negative effect of bitcoin for example : untraceable ( if we compare with BANK : you're sending money on bank address , they enable to refund because they are traceable ! )
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