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Author Topic: What's stopping people from using bitcoin?  (Read 202110 times)
Sandroxa
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April 28, 2016, 09:16:22 AM
 #1861

People is going to stop Bitcoin if the value is going to be low and if they cant make some profit and that is quite bad that people are going to stop that because of that reason.
They need some patience for it and must know that rising can takes a long time.
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April 28, 2016, 11:03:34 AM
 #1862

People is going to stop Bitcoin if the value is going to be low and if they cant make some profit and that is quite bad that people are going to stop that because of that reason.
They need some patience for it and must know that rising can takes a long time.

No. If they cared for low value why people still get hooked back in the price of cents per single coin. It's not because of the price that's why they still use it back then. The system around bitcoin is truly amazing that's why they have some nice source to believe.
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April 28, 2016, 12:08:43 PM
 #1863

People is going to stop Bitcoin if the value is going to be low and if they cant make some profit and that is quite bad that people are going to stop that because of that reason.
They need some patience for it and must know that rising can takes a long time.

No. If they cared for low value why people still get hooked back in the price of cents per single coin. It's not because of the price that's why they still use it back then. The system around bitcoin is truly amazing that's why they have some nice source to believe.

And i think thats what stopping for people they afraid of they stake they will lose money because of price downing of bitcoin ots not really possible for bitcoin because it relays om its user the more user the bigger the price, and also people are afraid to take risk because they dont have proper education about bitcoins and dont know were to go and how to earn with it, another instance is there afraid the system they are afraid that their wallet will be hack because its floating money in web world.


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YellowRiver
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April 28, 2016, 12:22:07 PM
 #1864

The falling of the value of biitcoin is stopping people to adopt bitcoin, whenever the price is going to decrease then no one is there to see their money decreasing and they withdraw every bit of their coins to fiat.
Xenophoto
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April 28, 2016, 01:13:02 PM
 #1865

People is going to stop Bitcoin if the value is going to be low and if they cant make some profit and that is quite bad that people are going to stop that because of that reason.
They need some patience for it and must know that rising can takes a long time.

If the price of bitcoin becomes very low then people might buy a lot of bitcoins and wait until bitcoin's price go back to a high value.

Yes, they have to wait a long time. That's what people need to do if they want to sell it in a higher price. Bitcoin's price doesn't just sky rocket frequently. If you can't wait for a long time or you're impatient, then buy and selling bitcoin isn't for you. Smiley

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April 28, 2016, 01:16:57 PM
 #1866

I think they stopped because they have a bad experience about bitcoin, They might be scammed or Lose all bitcoins in gamblings
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April 28, 2016, 02:49:03 PM
 #1867

I think they stopped because they have a bad experience about bitcoin, They might be scammed or Lose all bitcoins in gamblings

That reason is so simple and maybe not a very big deal if you ar ea serious bitcoin collector, scams would just be a lesson learned, and losing in gambling is another one...

But anyway, the only thing I see that stops people from using bitcoin is knowledge and most of all tools(computer and internet)...

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April 29, 2016, 06:40:58 AM
 #1868

I think they stopped because they have a bad experience about bitcoin, They might be scammed or Lose all bitcoins in gamblings

Yeah that could be a reason for people to stop using bitcoin because they have spent or lost all their bitcoins in scam sites or gambling and after that they were disappointed and left using it further.
And also they may have heard bad things about bitcoin like the electronic media always says that bitcoin is criminals currency and it is used mostly in criminal cases by criminals, so maybe that thing have took them away from bitcoin because they think it is not safe to use bitcoin.
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April 29, 2016, 07:15:05 AM
 #1869

Or they might be afraid because it is illegal in some countries? Just saying  Grin
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April 29, 2016, 08:51:58 AM
 #1870

Or they might be afraid because it is illegal in some countries? Just saying  Grin

There are few users who fear of using bitcoin just of its decentralized nature. Users can believe bitcoin and help more adoption through spreading. Only very few countries had banned bitcoin usage in their country. Recently one of the bitcoin exchange has got legal rights. So this might be a start of countries supporting bitcoin.

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April 29, 2016, 09:32:06 AM
 #1871

For many people bitcoin is a bit of mystery and causing fear of hawks, and losing money, but truth is that BTC is more secure than money in banks..
But how to convince people in this? Same as always, good advertisement would do a nice job.
 Best advertisements are people sharing real life experiences.

You can rent this space
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April 29, 2016, 09:47:14 AM
 #1872

For many people bitcoin is a bit of mystery and causing fear of hawks, and losing money, but truth is that BTC is more secure than money in banks..
But how to convince people in this? Same as always, good advertisement would do a nice job.
 Best advertisements are people sharing real life experiences.

only those people who have experienced bad things with bitcoin, so they stop using bitcoin. or those who can not do much to get bitcoin and ultimately frustrating then left bitcoin.

.
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cjmoles
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April 29, 2016, 09:51:25 AM
 #1873

It's technologically complicated to setup for many, it has a bad reputation, it's price changes too often, it attracts too many anonymous thieves, etc....The list goes on and on.  The question should be: What can we do as a community to change bitcoin's shortcomings and how can each of us personally contribute to the community to foster a larger working network?  We should be building networks of bitcoin users around ourselves; if we all do that, then it will grow, exponentially!  But....is bitcoin robust enough to handle that yet?
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April 29, 2016, 11:04:57 AM
 #1874

For many people bitcoin is a bit of mystery and causing fear of hawks, and losing money, but truth is that BTC is more secure than money in banks..
But how to convince people in this? Same as always, good advertisement would do a nice job.
 Best advertisements are people sharing real life experiences.

only those people who have experienced bad things with bitcoin, so they stop using bitcoin. or those who can not do much to get bitcoin and ultimately frustrating then left bitcoin.
If people had bad experiences then they won't stay off from bitcoin instead they don't repeat the same mistake again that's experience. Also there can be no people who don't know to earn from bitcoin in this forum, there are so many methods, if he don't know anything just join signature campaign and start posting there you can at least earn some from bitcoin later on you can move to other methods and earn even more.

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skinnyboy
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April 29, 2016, 03:11:17 PM
 #1875

It's technologically complicated to setup for many, it has a bad reputation, it's price changes too often, it attracts too many anonymous thieves, etc....The list goes on and on.  The question should be: What can we do as a community to change bitcoin's shortcomings and how can each of us personally contribute to the community to foster a larger working network?  We should be building networks of bitcoin users around ourselves; if we all do that, then it will grow, exponentially!  But....is bitcoin robust enough to handle that yet?

+1.

Spent a lot of time working on that and building local networks...slowly but surely it's taking shape :-)

DuckKeeper
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April 29, 2016, 03:22:45 PM
 #1876

People are going to stop with using Bitcoin when they are losing to much money with it and that is quite logic because you dont want to lose any money.
But people that is stopping now dont have the patience for it to wait for a better value and that is quite bad.
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April 29, 2016, 03:23:30 PM
 #1877

The fact that people need to buy it first is the biggest barrier, also the fact that the address system is a mess and not very aesthetically pleasing (the long string addresses). But I just learned about BIP75 and this will solve the problem. With BIP75 you can receive payments in a format that resembles an email address and it generates new addresses to avoid reuses.
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April 29, 2016, 03:31:30 PM
 #1878

I think nothing is stopping them, its laying about the fact the bitcoin is still no super popular and its also that people are scared.
The most people are thinking that the bitcoin is only used by criminals...
safari88
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April 30, 2016, 04:13:25 AM
 #1879

For many people bitcoin is a bit of mystery and causing fear of hawks, and losing money, but truth is that BTC is more secure than money in banks..
But how to convince people in this? Same as always, good advertisement would do a nice job.
 Best advertisements are people sharing real life experiences.

only those people who have experienced bad things with bitcoin, so they stop using bitcoin. or those who can not do much to get bitcoin and ultimately frustrating then left bitcoin.
If people had bad experiences then they won't stay off from bitcoin instead they don't repeat the same mistake again that's experience. Also there can be no people who don't know to earn from bitcoin in this forum, there are so many methods, if he don't know anything just join signature campaign and start posting there you can at least earn some from bitcoin later on you can move to other methods and earn even more.
I mean is when the person has a bad experience, like losing all bitcoin when investing and getting scammer. it is not likely that people will hate and stop using bitcoin.
was said by you is true, he should be able to find another way, because a lot of ways to get bitcoin.

.
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April 30, 2016, 04:07:12 PM
 #1880

The fact that people need to buy it first is the biggest barrier, also the fact that the address system is a mess and not very aesthetically pleasing (the long string addresses). But I just learned about BIP75 and this will solve the problem. With BIP75 you can receive payments in a format that resembles an email address and it generates new addresses to avoid reuses.

Never heard about BIP75, but Xapo wallet does the same thing, you can receive the funds in their if you give your email address verified on their website to the sender and tell him to send the coins to the email and they will be send directly to your Xapo wallet.
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