What's stopping people from using bitcoin?

[CrankyBite]

I like to purchase BTC on occasion to help the currency but for the bigger purchases that occur often I turn back towards the other methods simply because the ease of access to the going rate requires me to sign up and hand over countless documents just to buy bitcoins at a rate that the majority of stores ask for. That I feel is what stops me contributing to the currency and maybe that is something that I just have to accept in the near future.

[ajun96]

People are going to stop using Bitcoin when they are realizing that it can takes a long time until the value will be more worth and that is bad because they need patience for it.
So you also can better wait a longer time to hold and sell it later after the price increase.

yeah it might just happen. to invest in bitcoin requires patience that is high enough to drive up prices and profit. but not everyone has the patience more. so maybe someone out there who can not wait for prices to rise and he stopped

[saiha]

People are going to stop using Bitcoin when they are realizing that it can takes a long time until the value will be more worth and that is bad because they need patience for it.
So you also can better wait a longer time to hold and sell it later after the price increase.

Any investment will take certain time to  give you returns so you need to have patience and you cannot expect profits overnight so I don't think this is valid reason.

Yes me too, this is not a valid reason why people are stopping for using bitcoin.
And we all , know even in fiat money investments are just the same with bitcoin that needs patience and no fast return of investments.

If you are expecting returns in short time then you are playing with your investments and also with profits, but I think people are scared to invest their money in bitcoin.

There is no fast investment returns because only ponzis are guaranteeing that. People tend to think that when they are already in bitcoin they can earn bitcoin easily but most of them are wrong and the encouragement maybe they are lack of it. And that is also one of the reason
why people stop from using btc.

[jeffthebaker]

The only correct answer is that the thing stopping people from using Bitcoin is the reputation of the community as a batshit-crazy cult following. The Bitcoin community is regarded as one of the least respected communities on the internet. A lot of this has to do with the extremist roots that early adopters come from, and a lot of it has to do with all the people who came here expecting to realize their wildest riches. We are slowly overcoming this now obsolete label, but it will take an extended period of time until Bitcoin has a favorable or even neutral opinion from a wider audience.

[Enotche]

Recently I interviewed people about Bitcoin, and the ability to have the same impression:
Most people trust banks. This is especially felt in the developed countries where the banking infrastructure is well developed. Consumers love and appreciate the stability and reliability, for this they are even ready to pay more for financial products. They do not want to understand how the product works, they need affordable and simple solutions. People who have heard of Bitcoins, consider it illegal tool, and the rest believe that cryptocurrency can only be used for the purchase of drugs and weapons.

[LoyceV]

For me, it is the fear that the value of bitcoin gets down to its lowest and eventually loose their money...they just don't know what bitcoin promises in the future

That's not a reason not to use it, it's a reason not to hold it for a long time. If you expect inflation it's better to spend it fast.
Long term (assuming bitcoin is here to stay) bitcoin is designed for deflation, unlike fiat money. So while your dollars lose value, your bitcoins gain value over time.

Recently I interviewed people about Bitcoin, and the ability to have the same impression:
Most people trust banks.

Really? Have they missed the 2008+ financial crisis? A lot of banks wouldn't even exist anymore if tax payer's money didn't safe them! Meanwhile they continue having huge bonusses for risking entire countries.
Banks are a necessary evil, that take up a large share of the real economy simply by ruling the money. I trust my money won't be gone tomorrow, but that doesn't mean I trust the banks itself. I would prefer to see the financial sector lose 90% of its size.

[Doms]

This is a technology-driven currency so people with limited knowledge or have no access to such technology will have a hard time accepting it, even as an alternative. For those people whose access to internet is still very limited, banks seem to be the best option for them.

[salmanahmedone]

There are number of reason which is stopping people from using Bitcoins. The main reason is ignorance of knowledge and existence of bitcoins.
We should teach about bitcoin in business colleges  that would be really interesting. In the developing countries, no one would even consider going online because internet is expensive and it is a privileged to have one. So bitcoin wouldn't really be known by many people But the way the dollar grew, im confident the bitcoin will grow as well. It only began in 2004 after all; its only been 12 years.

[sishendaoye]

I also do not know why people are stopping with Bitcoin. Maybe did expected something else from Bitcoin or thought that making money with it would be allot faster then they expected.

[davinchi]

Recently I interviewed people about Bitcoin, and the ability to have the same impression:
Most people trust banks. This is especially felt in the developed countries where the banking infrastructure is well developed. Consumers love and appreciate the stability and reliability, for this they are even ready to pay more for financial products. They do not want to understand how the product works, they need affordable and simple solutions. People who have heard of Bitcoins, consider it illegal tool, and the rest believe that cryptocurrency can only be used for the purchase of drugs and weapons.

Well I'm not surprised that they think banks are secure. And I also understand those who think bitcoins are used for illegal purposes, which infact, back in the past is kinda true.

However, we need to remove that stigmata and reintroduce them to bitcoins, which is now currently the dominant cryptocurrency used all over the world and the network.
They should also know and understand that bitcoin is getting ready for real world adoption.

[DavidoAlto]

I also do not know why people are stopping with Bitcoin. Maybe did expected something else from Bitcoin or thought that making money with it would be allot faster then they expected.

It may be that some optimistic people found bitcoin to late and they saw it's hard to make money and left it. Which is good, such people can't contribute anything to bitcoin as it is now.
But my belief is that most people are not aware of the possibilities.

[Altynbekova]

I think that people are not using it because the bitcoin has not such a good reputation.
Another reason could be because its maybe risky for some people they are thinking its just a risky investment..

[bamboylee]

There are a lot of people that don't know about bitcoin and don't understand it.  It is also difficult to obtain for most people.  Also there aren't many businesses that accept it yet.  It's going to take some time.

But many people trying to learn something if they don't know about it and i know manyny peoples who doing the same. I think the main reason is they scared of scammers and other illegal stuff.

do not know about bitcoin and do not understand, it's not a big deal. because we came from does not know anything about bitcoin, but if we want to learn You can do it. Another thing is so many scammers investment in bitcoin and bitcoin is still limited for use as payments.

Scammers are everywhere whether you are using fiat or bitcoin. It is up to you to avoid them. About bitcoin being still limited use as payment scheme, well only time can make it better. If more merchandizers accept bitcoin as payment, then it will spread wide easily. If this happens, surely more people will appreciate and use bitcoin.

[martinacar]

People are using the bitcoin for profit but some people do not want to step in because they are simply thinking its a wasted time.
The most of them are not sure about the bitcoin and are scared to lose money because of it.

[MTBTT]

People are using the bitcoin for profit but some people do not want to step in because they are simply thinking its a wasted time.
The most of them are not sure about the bitcoin and are scared to lose money because of it.

yeah a lot of people come just to get a big advantage. and they do not want menggunakam way faucet or a small income. because it will be wasting their time. so when they do not have a job then they will come out

[DeDordtenaar]

People are using the bitcoin for profit but some people do not want to step in because they are simply thinking its a wasted time.
The most of them are not sure about the bitcoin and are scared to lose money because of it.

Yeah believe it or not that person is only intended to benefit only in bitcoin will not be too concerned about the future of bitcoin
so they not believe in bitcoin so that when the price falls they would panic and fear and then immediately sell it and maybe they will stop

[Doms]

People are using the bitcoin for profit but some people do not want to step in because they are simply thinking its a wasted time.
The most of them are not sure about the bitcoin and are scared to lose money because of it.

Yeah believe it or not that person is only intended to benefit only in bitcoin will not be too concerned about the future of bitcoin
so they not believe in bitcoin so that when the price falls they would panic and fear and then immediately sell it and maybe they will stop

It's pretty normal for ordinary individuals to doubt bitcoin, because it is still in its early stages of development. With that, the stability is a big question and we all know that most people are risk-averse, especially when it comes to their finances. Right now, most of us here are mere speculators, because there's no certainty as to what the price of bitcoin would be in the coming years, let alone months.

[bestluck]

This is a technology-driven currency so people with limited knowledge or have no access to such technology will have a hard time accepting it, even as an alternative. For those people whose access to internet is still very limited, banks seem to be the best option for them.

Nice point, those people who do not have computer and internet, or who do not have any knowledge about internet and computer and they come to know about bitcoin from some people and find it beneficial, they will hate the way of bitcoin, and will wish that bitcoin come to them like other normal currency in coin or currency note form.

[jerowacik]

People are using the bitcoin for profit but some people do not want to step in because they are simply thinking its a wasted time.
The most of them are not sure about the bitcoin and are scared to lose money because of it.

ya need to be improved is the way people think about bitcoin. Most people may be a little frightened by the word bitcoin. people think is bitcoin is not recommended to use by the government.

[jak1]

Recently I interviewed people about Bitcoin, and the ability to have the same impression:
Most people trust banks. This is especially felt in the developed countries where the banking infrastructure is well developed. Consumers love and appreciate the stability and reliability, for this they are even ready to pay more for financial products. They do not want to understand how the product works, they need affordable and simple solutions. People who have heard of Bitcoins, consider it illegal tool, and the rest believe that cryptocurrency can only be used for the purchase of drugs and weapons.

Well I'm not surprised that they think banks are secure. And I also understand those who think bitcoins are used for illegal purposes, which infact, back in the past is kinda true.

However, we need to remove that stigmata and reintroduce them to bitcoins, which is now currently the dominant cryptocurrency used all over the world and the network.
They should also know and understand that bitcoin is getting ready for real world adoption.

Well i'm a bitcoin user; the main problem that i face is finding a place to actually use that money. I have no credit card so i cant actually convert the bitcoins to usd and transfer to a bank account. Its just there for doing online payments that accept bitcoin.