langedwig
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June 15, 2016, 06:03:38 PM |
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I think people just don't see it as an actual currency. It goes up and down in price always. None can predict tomorrow. Some shop will honor the payment when they see the transaction on the blockchain (within seconds) but for larger purchases retailer needs 3+ confirmation which sometimes ends up being an hour.
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n3o111
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June 15, 2016, 07:09:40 PM |
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What i guess isnt the question,but who is stoppling trying to block bitcoin.Companies like paypal,visa and mastercard has a lot to loose if bitcoin gets everywhere,they will loose their costumers very fast,a huge part of them not all,as the oldest may not dropp them.Soo they are in a buble trying to keep and make bitcoin unknow to the most,but well the buble is getting bigger,soo the way to fight is attack saying its is a good thing to black market and many others things,rumors to make bitcoin not grow.
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tampazeus
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June 15, 2016, 07:13:06 PM |
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What is stopping people from using it is that the bitcoin is unpredictable, not stable and has a bad name because of the media that is talking bad about it these days.
instabilities become the most important point. Bitcoin is designed this way. Bitcoin digital currency is difficult to predict . Only those who dare to take a decision that will be used Bitcoin . It is difficult to predict since people take this as investment. If most people will take this as currency I see people will much involved here since comfortability of doing money transactions is the priority of other people rather than investment. Actually the fact is that people listen to what people around them talks about bitcoin, if price drops they start assuming that bitcoin will not survive in long term and that hesitates them to invest in bitcoin.
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Altcoinmoney
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June 15, 2016, 07:23:55 PM |
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What is stopping people from using it is that the bitcoin is unpredictable, not stable and has a bad name because of the media that is talking bad about it these days.
instabilities become the most important point. Bitcoin is designed this way. Bitcoin digital currency is difficult to predict . Only those who dare to take a decision that will be used Bitcoin . It is difficult to predict since people take this as investment. If most people will take this as currency I see people will much involved here since comfortability of doing money transactions is the priority of other people rather than investment. Actually the fact is that people listen to what people around them talks about bitcoin, if price drops they start assuming that bitcoin will not survive in long term and that hesitates them to invest in bitcoin. Indeed this and I think a lot of people are hesitating because they do not trust such investments due to the media that is talking bad about the bitcoin!
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gtglener
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June 15, 2016, 08:42:45 PM |
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People should be interested in using bitcoin, cause without it, nobody will do someting. People who still don't use bitcoin just not interested at my opinion.
Well we can't please people just for getting their interest to bitcoin, if they are not really interested in bitcoin. Then we can't do something to force them using bitcoin, but if they can see the convenience of it. Maybe they will change their minds for not using it and in the end they will regret their decision. That's the thing, if they are not already interested in Bitcoin a majority of people have no reason to get themselves into the Bitcoin economy. For a majority of people, the fiat system is fine for them and they don't need anything that Bitcoin offers. Most of the time they won't bother to learn more about Bitcoin and find out more about what Bitcoin offers, because they aren't interested in it. That will be hard to convince if they are not really interested to use bitcoin. But I guess, teach them how to earn bitcoin and how you can get it and exchange it to real money and show it to them. For sure, they will be convince as long as they can see a proof of monetary unit. They will become interested into it. The best thing to redirect a person to bitcoin is only that we teach them how they can earn bitcoin without investment in the start after that when they learn about bitcoin they will invest ment as much as possible.
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diodio5
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June 15, 2016, 10:06:40 PM |
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what a very complex question, of course its because of price fluctuation... Lol yeah it could happen. many new users who do not have experience and more knowledge about bitcoin. so when they invest and lower prices due to fluctuations. they panic and sell. The thing that often happens ?
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shinratensei_
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June 15, 2016, 10:16:40 PM |
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what a very complex question, of course its because of price fluctuation... Do not consider price fluctuation as a threat but treat it as an opportunity to earn quick profits and everything will be fine people are not using it because they don't know how to use it. That's Right, This question is have some answer. Because many factors can make someone is stop using bitcoin. Price fluctuation only one of Many factors can make people want to stop using bitcoin.
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logocreator
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June 15, 2016, 10:24:02 PM |
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What's stopping people from using bitcoin? Well, regular person is very hard to to buy Bitcoins in the first place. Even if he manage to buy some, because he dont know how blockchain works, he don't know how to transfer them. he don't even know what is that numbers an letters (his address) He don't know how to track the transaction, he might not be refunded if he made a mistake, or simply he don't want a product... and you know, people fear from uknown..... thats why i think that cryptocurrency in general is still very young to be used as a currency, but blockchain itself has may other possibilities.
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morantis
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June 15, 2016, 10:24:57 PM |
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Bitcoin is being used all over the place. I just ate at Burger King an hour ago and paid Bitcoin. What makes you think that no one is using it?
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greatr
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June 15, 2016, 10:48:07 PM |
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i think that only people themselves might be stopping from using the bitcoins because they are afraid of it
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BeGoods
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June 15, 2016, 11:59:53 PM |
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People stop using Bitcoin because maybe they think that it is not what they expected it to be. With Bitcoin you will have to be very patient if you want to make money if not then this is just not for you.
If you don't have patience then you should not invest your money into it, as to earn huge profits from it you need to hold it for a really long time. Maybe that's it people stops using bitcoin because they don't have patience, they don't have patience for waiting the price increase and they don't value it that they can really earn from it. Patience is really need in bitcoin and we all know there are people that doesn't have enough patience for something and it is one of the reason maybe. yeah sometimes the investment in bitcoin require extra patience. sometimes price below very long time or price in a stable condition long time. if you're not the one who had endless patience, maybe bitcoin is not a place for you. if you can not wait then you will only get a whopping
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goinmerry
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Merit: 1083
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June 16, 2016, 12:40:37 AM |
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i think that only people themselves might be stopping from using the bitcoins because they are afraid of it
Why they are afraid of using bitcoin? Maybe they are afraid that other people won't believe them if they are going to use bitcoin, since it is a digital currency and no one will believe them that it is also a true money by means of online money. They are afraid of being ignored also, I think. So it is like what people around you will tell if they knew you are in to this kind of investment. I dont care what they say as long as I profit from it and make my budget more stretched.
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Legasean
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June 16, 2016, 01:07:19 AM |
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They are simply scared to invest because they are thinking its a investment with a big risks and other people are even thinking that its only used by criminals.
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boyptc
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June 16, 2016, 01:08:05 AM |
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i think that only people themselves might be stopping from using the bitcoins because they are afraid of it
Why they are afraid of using bitcoin? Maybe they are afraid that other people won't believe them if they are going to use bitcoin, since it is a digital currency and no one will believe them that it is also a true money by means of online money. They are afraid of being ignored also, I think. So it is like what people around you will tell if they knew you are in to this kind of investment. I dont care what they say as long as I profit from it and make my budget more stretched. Yeah I don't mind if what people will tell about it and on what reason they stops from using it. As long as I'm benefiting on the use of bitcoin. And if they can see that I benefit from it, then maybe that's somehow a good thing they can see it. And they will going to start using bitcoin.
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sobsitesearch
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June 16, 2016, 01:09:00 AM |
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People stop using Bitcoin because maybe they think that it is not what they expected it to be. With Bitcoin you will have to be very patient if you want to make money if not then this is just not for you.
If you don't have patience then you should not invest your money into it, as to earn huge profits from it you need to hold it for a really long time. Maybe that's it people stops using bitcoin because they don't have patience, they don't have patience for waiting the price increase and they don't value it that they can really earn from it. Patience is really need in bitcoin and we all know there are people that doesn't have enough patience for something and it is one of the reason maybe. yeah sometimes the investment in bitcoin require extra patience. sometimes price below very long time or price in a stable condition long time. if you're not the one who had endless patience, maybe bitcoin is not a place for you. if you can not wait then you will only get a whopping That's true patience is really needed if you are going to enter in the investment of bitcoin because without it for sure you will just get bored, and I think not just bitcoin needs patience but almost all things need it. It just depend on the person, but patience really is one thing to consider for those people that stops using bitcoin. The things can stop people in bitcoin if they are busy in their real jobe and also they focus in their family but those people are not serious and they treat bicoin as their past time. But if you are dedicated in bitcoin i do not see how people can stop using bitcoin.
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boyptc
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June 16, 2016, 02:26:49 AM |
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The things can stop people in bitcoin if they are busy in their real jobe and also they focus in their family but those people are not serious and they treat bicoin as their past time. But if you are dedicated in bitcoin i do not see how people can stop using bitcoin.
That's somehow legit, that why should get into bitcoin and earn bitcoin, if they already have their own businesses, job and other ways of earning fiat money. But in the future I know it will happen that they will adopt bitcoin and no one can stop it.
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Altcoinmoney
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June 16, 2016, 03:04:17 AM |
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The only thing that is stopping them in my eyes is that its a investment,people are considering it as a investment and not as a pay method and that makes it for people to risky in my eyes.
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bitcoineverything
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June 16, 2016, 04:30:34 AM |
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I think for some people, it is the volatility of the value of bitcoin. Some people are afraid to risk their bucks in this fast changing currency.
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sana9827
Newbie
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Activity: 56
Merit: 0
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June 16, 2016, 04:39:20 AM |
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What stopping people from using bitcoin is the availability of store /merchant where they can use their Bitcoin, literacy is another factor, it is a sad fact that lots of people even though heard about something dare not to research what it is even if it will benefited them. They always tend to listen to negative criticism without base rather than knowng the truth. Fear of losing their BTC holdings coz of hacking and other unexpected event is another reason too.
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vero
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June 16, 2016, 04:49:07 AM |
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The only thing that is stopping them in my eyes is that its a investment,people are considering it as a investment and not as a pay method and that makes it for people to risky in my eyes.
yes i also think that's one factor that until now the growth of bitcoin is not growing too rapidly and there are some people who bitcoin leaving because they suffer losses when some exchange give a announcement if they are collapse now.
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