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Author Topic: What's stopping people from using bitcoin?  (Read 202146 times)
Daniel91
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June 05, 2016, 01:13:40 PM
 #2221

perhaps because bitcoin prices fall further so that more people are leaving the bitcoin

Yes, this is very good reason but not the only one.
People, specially older generation, don't trust much virtual things, even Internet, and prefer to have cash in hard currency, paper Smiley
Also, there are some bad rumors about Bitcoin, like that drug dealers using bitcoin or that Bitcoin will collapse soon.
Other reason can be that people more trust their banks than some virtual currency without regulation, outside of law, decentralized etc.


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wikenpp
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June 05, 2016, 04:03:19 PM
 #2222

maybe lost it in gambling, hyip, trade or maybe get scammed or succesfuly scamming someone  Grin
why should gambling stop some one from using bitcoin. I think there is no concern of bitcoin with bicoin. it is not necessary that those people who are using bitcoin must be attached with gambling. I am earning from investing bitcoin and also fro a signature campaign. but I never do gambling. I use my earning for my family requirements.

People will not go into bitcoin and start massively gambling their money away :S What kind of logic is that?

Most people that never used bitcoin don't know the possibilities and perhaps are also afraid since bitcoin's users need some technical background.
The people who left bitcoin, fell for some ponzi/ scam and are hating it because of that. But eventually those people are coming back, since they already know what bitcon is and what is can do.
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June 05, 2016, 04:06:28 PM
 #2223

nothing is stopping anybody from using bitcoin except themselves.

anybody can start using bitcoin, even if it is just as an investment they can buy and hold it if there is no place to spend bitcoin.

to the moon with bitcoin...
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June 05, 2016, 04:11:47 PM
 #2224

perhaps because bitcoin prices fall further so that more people are leaving the bitcoin

Yes, this is very good reason but not the only one.
People, specially older generation, don't trust much virtual things, even Internet, and prefer to have cash in hard currency, paper Smiley
Also, there are some bad rumors about Bitcoin, like that drug dealers using bitcoin or that Bitcoin will collapse soon.
Other reason can be that people more trust their banks than some virtual currency without regulation, outside of law, decentralized etc.


I guess it makes sense. but that is certainly a big loss is what makes them stop using bitcoin. I guess some of them were disappointed when it does not correspond to their calculations. and after experiencing large losses, they certainly would not use bitcoin again. but some people also stopped using bitcoin because they are busy with the work they do

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jamalaezaz
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June 05, 2016, 04:19:18 PM
 #2225

As i see in many people who stop using bitcoin,i think they stop using bitcoin because they have no idea to make their bitcoin grown up and have better influence in their life..

That't ture, anyone who know how to take right advantage of bitcoin and how to earn bitcoin they will leave bitcoin. I also left bitcoin when I get tired using faucets and can't even earned a single dollar, but I adopt bitcoin again and now I am happy with it.

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BossMacko
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June 05, 2016, 04:24:19 PM
 #2226

some people stop using bitcoin because some cant control their gambling addiction , especially when using bitcoin every thing are easy to reach, they can gamble whenever they are because you only need internet and mobile or laptop to be able to gamble. well having a bitcoin is already a form of gambling ,
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June 05, 2016, 04:51:10 PM
 #2227

some people stop using bitcoin because some cant control their gambling addiction , especially when using bitcoin every thing are easy to reach, they can gamble whenever they are because you only need internet and mobile or laptop to be able to gamble. well having a bitcoin is already a form of gambling ,
That may be true, but isn't that the same with fiat? On top of that, said casinos are usually unknown people so that may put them offf.

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June 05, 2016, 04:54:28 PM
 #2228

Lack of knowledge is the main thing, thats why people dont use bitcoin
23dzmaz
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June 05, 2016, 04:56:40 PM
 #2229

The big reason people stopping using bitcoin is the price of bitcoin. Why ? Because, if the price of bitcoin goes down to $1 or more, i'm sure people will not using bitcoin again.
jak3
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June 05, 2016, 06:09:53 PM
 #2230

i do like to accept and yes i faced many peoples actully most peoples are like old religious type peoples bitcoin is hard to belive for them they only know one thing only trust banks and everything except it is a scam so when ever i try to explain them they dont listen to me and simple advice me to stay away from this because i will lose my money. well its actully based on how i use this stuff if i play it fare then i will make profit nd if i do bad options then i will get bad they should grow up their thinking
d5000
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June 05, 2016, 06:29:23 PM
 #2231

I think the biggest flaw of Bitcoin is still volatility.

Let's ask it that way: If you had known of Bitcoin after the late-2013 bubble, would you use it for every transaction you have to do, even your salary? I guess for most people (above all, the poorer half) the answer is still clearly No. It's not fun if you get your salary and one day later it's 10% less worth. Or even 5%.

I have some time ago advocated for goods & services marketplaces with prices in BTC that are "locked" for some time, at least for 24 hours. That would give people possibilities to "back" Bitcoin a bit without much risk, and people concerned about possible price decreases would know even in a crash they could buy things for the same price than before the downswing there. Above all sellers of digital goods would not have even risk there, because in a downtrend / crash they could expect a rise in sells.

This is one possible model to attack volatility. There sure are more.

I know most people like volatility when price's going up like now (or when they are experienced traders and can short BTC) but most people would be more comfortable with a more stable Bitcoin.

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June 05, 2016, 08:37:54 PM
 #2232

There can be several factors but the main two are, according to me: 1. the impossibility to use bitcoin in most of the everyday uses and the incapacity to compete with the cash and credit/debit cards in such actions. 2. most of the people are not high tech lovers and as such find difficult to substitute a simple way to make their everyday bought/sale actions (use of paper money and credit/debit cards) with a - in view - difficult way to make such operations.
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June 05, 2016, 08:48:15 PM
 #2233

nothing can stop someone for using bitcoin. bitcoin provides convenience and speed for each remittance transaction. everyone will be looking for things that can make them more easily.
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June 05, 2016, 09:13:12 PM
 #2234

So after reading this article and especially the ending:

Quote
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 think that there are many reasons why some people don't use bitcoins, first one is that bitcoins is still very young and people don't know enough about them so they are afraid of them

and other reason is maybe that they heard sometimes on tv or saw on internet about hacked wallets and lost money so they think that bitcoins are very risky so they don't use them

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?

 
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June 06, 2016, 11:42:28 AM
 #2235

some people stop using bitcoin because some cant control their gambling addiction , especially when using bitcoin every thing are easy to reach, they can gamble whenever they are because you only need internet and mobile or laptop to be able to gamble. well having a bitcoin is already a form of gambling ,
Well, that's AFTER using bitcoin. The question was what's stopping people from using bitcoin, meaning they have not used bitcoin and why they are not using bitcoin. I would have to agree with you though that bitcoin is somehow a form of gambling because it has risks eithier loosing or gaining money.
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June 06, 2016, 02:16:52 PM
 #2236

nothing can stop someone for using bitcoin. bitcoin provides convenience and speed for each remittance transaction. everyone will be looking for things that can make them more easily.

There is still a reason why people are stopping in using bitcoin, just like those people that aren't techy, because they cannot get into the technology
trend especially with bitcoin, even we will tell them that bitcoin really gives convenience.
But if they don't know how to use it and they really tend not to gain some knowledge about it, it will just fall into avoiding using bitcoin.

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June 06, 2016, 02:34:06 PM
 #2237

i think there are to many people who just think that the bitcoin is just for computer freaks or just for gamers and other pc freaks. But everybody can use it it is just a paying method.
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June 06, 2016, 04:09:22 PM
 #2238

i think there are to many people who just think that the bitcoin is just for computer freaks or just for gamers and other pc freaks. But everybody can use it it is just a paying method.

These type of peoples are the real enemy of bitcoin. everyone think like that mean they don't even know the ABCD of bitcoin.
and I don't think so these people can really effect bitcoin and bitcoin usage, although these people in lose themselves because they are not in such an high quality technology. anyone using bitcoin who is in advance world, and anyone reject bitcoin after knowing about it, that mean he is just a stupid,
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June 06, 2016, 04:18:07 PM
 #2239

what stops people from using facebook in 2004?

nothing, they just didn't know it yet.

or maybe their friends didn't use it yet



we are facebook in 2004 (or maybe 2005 by now).

give it 5 years, and we'll have 500 million users and coins will cost hundreds of thousands of dollars.

(fun fact i had a facebook account in 2007)
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June 07, 2016, 06:03:59 AM
 #2240

nothing can stop someone for using bitcoin. bitcoin provides convenience and speed for each remittance transaction. everyone will be looking for things that can make them more easily.

There is still a reason why people are stopping in using bitcoin, just like those people that aren't techy, because they cannot get into the technology
trend especially with bitcoin, even we will tell them that bitcoin really gives convenience.
But if they don't know how to use it and they really tend not to gain some knowledge about it, it will just fall into avoiding using bitcoin.

It all comes down to a conclusion that people who aren't using Bitcoin doesn't know about bitcoin. They aren't eager to learn things about bitcoin though. They aren't aware of the fact that bitcoins can also be used in a good way. All of they can think of is that bitcoins are used by scammers and are used when you want to hire a hitman on the deep web. They don't want to dig up the advantages of bitcoins, all they see is the negative side of it.

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