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gerXhonza
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June 17, 2016, 04:45:52 AM |
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For most people bitcoin seems to be dangerous. It's online money and people don't fully understand or trust online.
Think about the hacks/ criminals that happen. Most people are just scared.
Half true. Some think that way. But some goes to the internet to enjoy it. They dont want anything to do with another work. They think internet is just for that. Fun and knowledge not working again. The fact is people hesitate in investing their money into something they really don't know as they have fear of loosing their money and may that is the reason they prefer to stay away from it. |
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Xenophoto
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June 17, 2016, 05:14:37 AM |
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For most people bitcoin seems to be dangerous. It's online money and people don't fully understand or trust online.
Think about the hacks/ criminals that happen. Most people are just scared.
I have introduced this forum to two of my colleagues and they were just like, "What?", "Uhm, Okay.", "Lame.", "Scam." and "No proof.". I have no proof to show them about the money in my wallet because I'm still waiting for the halving before I withdraw my coins. Oh well, it seems that it is a fact that people are scared of what they don't understand. If they can't understand a thing, they will just leave it as "not understood" instead of trying to work on it, and actually learning and understanding the whole thing. |
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BitAficionado
Newbie
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Activity: 14
Merit: 0
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June 17, 2016, 05:22:23 AM |
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For most people bitcoin seems to be dangerous. It's online money and people don't fully understand or trust online.
Think about the hacks/ criminals that happen. Most people are just scared.
Half true. Some think that way. But some goes to the internet to enjoy it. They dont want anything to do with another work. They think internet is just for that. Fun and knowledge not working again. The fact is people hesitate in investing their money into something they really don't know as they have fear of loosing their money and may that is the reason they prefer to stay away from it. yeah it's true the lack of knowledge is what keeping them away. They don't know what bitcoin really is, that's why they're staying away. but the good thing is nowadays more more people showing their interest in bitcoin and the day will come when even the smallest shop in the corner of a street will accept bitcoin. |
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morantis
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June 17, 2016, 05:23:42 AM |
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What I would like to see is a buffer zone for the price. I think the highly flucuating price can throw people off. Just last week a person wanted to buy $50 in BTC using EUROS. They sent me the EUROS and I think the price was about $435 at that moment. They started changing their mind and took some time to think, then they said go ahead and send the BTC. Our exchange put a security hold on that one transaction and it took almost eight hours, this happens about once per month. They finally got their coins and the price had gone up to $500 by the end of the transaction.
They were happy, but asked if we were pissed that they were now sitting on about $75 worth of coins. I said no because we spent $50 at the beginning of the TX and that is how business goes. This was a little confusing for the guy, but he is cool. That is just one transaction. Imagine a grocery store that stocks its shelves with groceries when the price is $450 and has to sell those groceries over hours, days and weeks at whatever the market value of BTC is at the moment. In one sense, it always works out, a $1 bag of chips cost the grocer 75 cents when bought and sold for $1, no matter what the price of BTC. The other side of the coin is the customer trying to wrap their head around the fact that at the beginning of an hour bout of shopping the Bitcoin was $450 and now that they hit check out it is $500.
I can picture a customer standing just outside of check and staring at their phone, trying to figure the best moment to check out versus the price of BTC. Simple is simple, the price always works itself out from one exchange to another and the only major effect of the price changes is with an investment style holding. If you get paid $15 an hour in Bitcoins for one hour and that buys 15 bags of chips, it is always $15 per hour and the chips are always $1 per bag.
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GreenBits
Legendary
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Activity: 1148
Merit: 1048
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June 17, 2016, 05:24:17 AM |
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Merchants that actually accept bitcoin, rather than merchants that accept their own gift cards that were purchased with btc. It's a huge difference  I'm looking at you, Gyft and Walmart. |
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morantis
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June 17, 2016, 05:28:46 AM |
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Merchants that actually accept bitcoin, rather than merchants that accept their own gift cards that were purchased with btc. It's a huge difference I'm looking at you, Gyft and Walmart. That confused me. How would a company store, like Walmart know how a given gift card was purchased? I know that they all have serial numbers and the info can be looked up, but are you just referring to the fact that they allow their cards to be traded against Bitcoin without attacking the fact? |
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Doms
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June 17, 2016, 05:32:36 AM |
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Bitcoin are not tied to any country so there's no reason they would stop using bitcoin if they already know about usefulness of bitcoin.
I will say value fluctuation is the main reason for stopping this. Currently its pretty good. Also i heard from thi forum that many people are losing their BTC by hackers. They have stop this and secure this. Price stability is something that a lot of people are worried about. Compared to dollar which is more stable and more accepted, bitcoin is probably not in the list of things that most ordinary people would use as currency. But with more years of development and hopefully speedier transaction times, bitcoin would surely be wanted by more and more people. |
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Mvaporis1961
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June 17, 2016, 07:57:29 AM |
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For most people bitcoin seems to be dangerous. It's online money and people don't fully understand or trust online.
Think about the hacks/ criminals that happen. Most people are just scared.
Yeah that is one of the common reasons why other people hates or don't use bitcoin because they only think that it's a scam because it just a online thing lol, actually my parents thought about that. |
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mishra1994u
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June 17, 2016, 08:30:26 AM |
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Bitcoin still needs to introduce itself, and we are part of it...Yeah that's tru, it's very impressive that bitcoin is being known and being spread through out the world faster and faster each year..So probably if many in the world know bitcoin, its all up to them if they will use it or not...
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Doraiimon
Newbie
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Activity: 42
Merit: 0
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June 17, 2016, 09:46:37 AM |
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nothing
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Jmild1
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June 17, 2016, 10:38:34 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.
Yeah i also think about that "they only used by criminals". People around me thinks the same because they think that bitcoin is designed to use in deep web to use for illegal activities but they're wrong  . They are partially true actually, some people indeed using it for illegal activities. And media has made it become worse by telling only the bad effect of bitcoin. Even media will keep on showing news about the bad side of bitcoin, I see it's not a big deal after all. If people really want to know more about bitcoin, they will take time to learn what bitcoin really is. And every bad news is just a shit to them because they are the one who will found out if bitcoin is bad or not. Media has never shown their support towards bitcoin and that is the reason many people hesitate in investing into bitcoin as they have more faith in news and media. Except Japan though. From what I heard, Japan's media has quite a good support towards bitcoin and I do think China does the same. It is usually the western countries that has never really shown much support on bitcoins. I thought china doesnt support bitcoin on their country and its the chinese people that doing their own way to be able to use bitcoin. |
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newcoins1978
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June 17, 2016, 11:18:57 AM |
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Bitcoin are not tied to any country so there's no reason they would stop using bitcoin if they already know about usefulness of bitcoin.
You are right but I also think they are scared to invest in the bitcoin because it also had a pretty good name due to this people do not want to take the risks. |
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tabas
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June 17, 2016, 12:48:38 PM |
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Bitcoin are not tied to any country so there's no reason they would stop using bitcoin if they already know about usefulness of bitcoin.
You are right but I also think they are scared to invest in the bitcoin because it also had a pretty good name due to this people do not want to take the risks. Well investing I guess is always something for those people who have open up their minds. Because even in the real life. Investing is always a risk. And many people tend to think out of it. |
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salmanahmedone
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June 17, 2016, 12:57:39 PM |
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Bitcoin are not tied to any country so there's no reason they would stop using bitcoin if they already know about usefulness of bitcoin.
You are right but I also think they are scared to invest in the bitcoin because it also had a pretty good name due to this people do not want to take the risks. Well investing I guess is always something for those people who have open up their minds. Because even in the real life. Investing is always a risk. And many people tend to think out of it. Investment is a big risk itself. People who dont use bitcoins are of the view that this coin can fall anytime and they are therefore not willing to invest in this coin. I think we need to tell them so see the history of this coin and it has never disappointed us and has never come even close to be died. |
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X-ray
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June 17, 2016, 01:01:10 PM |
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Bitcoin are not tied to any country so there's no reason they would stop using bitcoin if they already know about usefulness of bitcoin.
You are right but I also think they are scared to invest in the bitcoin because it also had a pretty good name due to this people do not want to take the risks. Well investing I guess is always something for those people who have open up their minds. Because even in the real life. Investing is always a risk. And many people tend to think out of it. Investing is always had some risk we don't run away from this problem. Some who have intentions to invest I think they always deal with risk there can get it. risk are not the big problem. |
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tabas
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June 17, 2016, 01:05:08 PM |
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Bitcoin are not tied to any country so there's no reason they would stop using bitcoin if they already know about usefulness of bitcoin.
You are right but I also think they are scared to invest in the bitcoin because it also had a pretty good name due to this people do not want to take the risks. Well investing I guess is always something for those people who have open up their minds. Because even in the real life. Investing is always a risk. And many people tend to think out of it. Investing is always had some risk we don't run away from this problem. Some who have intentions to invest I think they always deal with risk there can get it. risk are not the big problem. Yes that's what I'm saying risk is not a problem that stops people when it comes to investing from it. But I can think about the risk of using bitcoin because many are thinking about it from being called as a scam. Since in internet there are lots of scamming strategies and bitcoin's name has been used for it. |
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elDano
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June 17, 2016, 02:14:39 PM |
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People are stopping using Bitcoin when they know that they cant earn profit with it and that is bad because you have to be patience with it.
And yeah it can takes a long time until the value will be higher so that is really bad.
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talkbitcoin
Legendary
Offline
Activity: 1372
Merit: 1032
All I know is that I know nothing.
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June 17, 2016, 02:41:31 PM |
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People are stopping using Bitcoin when they know that they cant earn profit with it and that is bad because you have to be patience with it.
And yeah it can takes a long time until the value will be higher so that is really bad.
using bitcoin doesn't mean taking a profit out of it, that would be using fiat. USING bitcoin means people start treating it more as a currency, and businesses start accepting it as a payment so people can spend bitcoin instead of cash. but if you want to buy bitcoin to sell it high and get out fast, you better use your fiat and don't even bother with bitcoin. |
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tampazeus
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June 17, 2016, 02:44:43 PM |
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People are stopping using Bitcoin when they know that they cant earn profit with it and that is bad because you have to be patience with it.
And yeah it can takes a long time until the value will be higher so that is really bad.
using bitcoin doesn't mean taking a profit out of it, that would be using fiat. USING bitcoin means people start treating it more as a currency, and businesses start accepting it as a payment so people can spend bitcoin instead of cash. but if you want to buy bitcoin to sell it high and get out fast, you better use your fiat and don't even bother with bitcoin. Until the time doesn't come that it will be used and accepted everywhere people will keep on converting it to fiat as there is no other option left for people to spend their bitcoins. |
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isen
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June 17, 2016, 02:45:52 PM |
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Most of the people have wrong information about bitcoin and cryptocurrencies in general,when i talk with someone who only heard about bitcoin but doesn't know full details i usually get the aswers from them that btc is scam,ponzi or even gambling...ofcourse i am always trying to explain them the whole concept of cryptocurrencies with full details some of them understand some don't.
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