What's stopping people from using bitcoin?

[animalroam]

Most people have never heard of Bitcoin, and those who have think it offers no large advantages over cash. People like to stick to what they know.

[X-ray]

Most people have never heard of Bitcoin, and those who have think it offers no large advantages over cash. People like to stick to what they know.

In the development countries, this situation will happen because the limited connection and facilities but different on developed countries maybe a lot of people knows about bitcoin.

[FlipBit]

1. It should be called Internet Money. When referred to as so it makes it easier to understand its purpose.
2. It's usually not tangible. Prepaid BTC cards will help spread awareness because it's how most people are accustomed to shopping.

[DoublerHunter]

nothing stops people from using bitcoins to be honest, people themselves might be afraid of it

I think the things that stops people from using bitcoin is because of the HYIPs that scammed them. So they think that the bitcoin is not a good way to get another source of income. But they didn't know that there are many opportunity to make money with bitcoin like trading.

[philipma1957]

Bit coin does less then 300,000 transactions per day and we have volume crowding issues.

So 300,000 and how many people 7,000,000,000 .  simple math bitcoin can't handle  the volume.

so world wide acceptance will not happen until a proper amount of transactions are possible.

BTW  at 300,000 transactions per day that comes to 1 s-7 per transaction  or 1 s-9  per 3 transactions.

It is not that people do not want to try it.  It is that if everyone tried it  even if 1 in 1000 people tried it the BTC network would crash due to volume.

As 1 in 1000 people would mean an increase in volume from 300,000 to 7,000,000

[FlipBit]

It is not that people do not want to try it.  It is that if everyone tried it  even if 1 in 1000 people tried it the BTC network would crash due to volume.

As 1 in 1000 people would mean an increase in volume from 300,000 to 7,000,000

Good point.

[afriezalie]

There are many reasons why people stop to use bitcoin or avoid to use it. First, bitcoin network isn't fast and stable enough to handle worldwide transaction as we can see from confirmation time today, many companies won't accept transaction without confirmation, so credit card is faster today. Second, currently bitcoin has very fluctuate value. Many companies and businessmen don't want to accept bitcoin to avoid loss. The last thing is negative report of bitcoin, from its anonymity which is abused by criminals till scam problem. Those negative reports will make people stop to use bitcoin. But if they are smart enough to avoid those things, they won't stop using bitcoin

[chineseprancing]

Most people have never heard of Bitcoin, and those who have think it offers no large advantages over cash. People like to stick to what they know.

Yes thats right, like my mother i introduce her bitcoin, But she rejects it. She just want to stick to our local currency, she dont want to expand her knowledge about other currencies

[blackmachinegun]

Most people have never heard of Bitcoin, and those who have think it offers no large advantages over cash. People like to stick to what they know.

Yes thats right, like my mother i introduce her bitcoin, But she rejects it. She just want to stick to our local currency, she dont want to expand her knowledge about other currencies

Lol if you tell parents about bitcoin. who did not know about the technology of course they will reject it. parents actually prefer simple? whereas bitcoin also provide financial transactions more simple than paper money or fiat?
bitcoin. is the currency of the future so it's not a problem if the parents are not interested

[saiha]

Most people have never heard of Bitcoin, and those who have think it offers no large advantages over cash. People like to stick to what they know.

Yes thats right, like my mother i introduce her bitcoin, But she rejects it. She just want to stick to our local currency, she dont want to expand her knowledge about other currencies

Lol if you tell parents about bitcoin. who did not know about the technology of course they will reject it. parents actually prefer simple? whereas bitcoin also provide financial transactions more simple than paper money or fiat?
bitcoin. is the currency of the future so it's not a problem if the parents are not interested

Well actually that's a good thing that he introduced bitcoin to her mother. But if his mother is just an open minded and taking up the suggestions and recommendation of her son. For sure she will be great to use bitcoin and going to think that 'My son is thinking about earning' only if that's the
mindset of his mother.

[Jmild1]

There are many reasons why people stop to use bitcoin or avoid to use it. First, bitcoin network isn't fast and stable enough to handle worldwide transaction as we can see from confirmation time today, many companies won't accept transaction without confirmation, so credit card is faster today.

Confirmation time on every transaction depends on priority fee you input, it is the miners who confirm your transaction not the bitcoin system.

Second, currently bitcoin has very fluctuate value.

Volatility of the coin has good and bad side, sometimes it make  you profit and sometimes it make you loss a profit. It is depend on how you trade

The last thing is negative report of bitcoin, from its anonymity which is abused by criminals till scam problem

It is not bitcoin's fault if you get scam it is your problem if you don't know how to secure every transaction you make and make yourself aware. This has nothing to do with bitcoin's technicality.

[shinratensei_]

Most people have never heard of Bitcoin, and those who have think it offers no large advantages over cash. People like to stick to what they know.

Yes thats right, like my mother i introduce her bitcoin, But she rejects it. She just want to stick to our local currency, she dont want to expand her knowledge about other currencies

Lol if you tell parents about bitcoin. who did not know about the technology of course they will reject it. parents actually prefer simple? whereas bitcoin also provide financial transactions more simple than paper money or fiat?
bitcoin. is the currency of the future so it's not a problem if the parents are not interested

You tell your mother with difficult explained and then she rejected your suggestion. but you can tell her about the advantages of bitcoin and can earn this for free and withdrawal it for you.

[Enotche]

In my opinion, the main reason that people do not use Bitcoin is that this is not an official currency. In addition, Bitcoin is not controlled by anyone, so increasing the number of fraudulent transactions. People used to trust the government and believe the media, which day after day talking about "bad" Bitcoins.

[adibe]

I think the main reason why people stop using bitcoin is when the price of bitcoin become $1 or small price. People will leave bitcoin and change into another coin.

[Cyaren]

Well, one of the most common things that is stopping people from using bitcoin is probably government interventions. There are lots of places on the Earth where bitcoin is banned from trading.

But they can probably easily still access the BTC network.

[Jmild1]

Well, one of the most common things that is stopping people from using bitcoin is probably government interventions. There are lots of places on the Earth where bitcoin is banned from trading.

But they can probably easily still access the BTC network.

Yeah, but the main reason is the lack of knowledge with bitcoin, few people in every country has a little information or doesn't even know at all what bitcoin is.

[gkv9]

Well, one of the most common things that is stopping people from using bitcoin is probably government interventions. There are lots of places on the Earth where bitcoin is banned from trading.

But they can probably easily still access the BTC network.

Yeah, but the main reason is lack of knowledge with bitcoin, few people in every country has a little information or doesn't know at all what bitcoin is.

True...
I asked my friend yesterday to just invest some of his money into bitcoins, and he's a big party, but he just asked me one thing, that what is it and where do the money go... I said it's people buying and selling it all the way through exchanges, so he said, "No, I ain't interested in investing into something which is not under control..." We need to give proper knowledge to people about this coin, else it won't have a better future...

[Sled]

I think the main reason why people stop using bitcoin is when the price of bitcoin become $1 or small price. People will leave bitcoin and change into another coin.

I think if the price will reach to that. It will be opposite on what you think because bitcoin is know my many people for being expensive, so if the price reach that i think many people will get into bitcoin and buy bitcoins as much as they can because they know that if they continue buying for that price they can make a lot of money because demand on buying can result for price hike anytime .

[futurebit640]

Well, one of the most common things that is stopping people from using bitcoin is probably government interventions. There are lots of places on the Earth where bitcoin is banned from trading.

But they can probably easily still access the BTC network.

Yeah, but the main reason is lack of knowledge with bitcoin, few people in every country has a little information or doesn't know at all what bitcoin is.

True...
I asked my friend yesterday to just invest some of his money into bitcoins, and he's a big party, but he just asked me one thing, that what is it and where do the money go... I said it's people buying and selling it all the way through exchanges, so he said, "No, I ain't interested in investing into something which is not under control..." We need to give proper knowledge to people about this coin, else it won't have a better future...

If we give full knowledge to people, also new people will step back to invest here. Why because price variation yes it is fluctuating a huge amount so new people will scare to invest here simply why people loose there own money.

[devil11]

Well, one of the most common things that is stopping people from using bitcoin is probably government interventions. There are lots of places on the Earth where bitcoin is banned from trading.

But they can probably easily still access the BTC network.

Yeah, but the main reason is lack of knowledge with bitcoin, few people in every country has a little information or doesn't know at all what bitcoin is.

True...
I asked my friend yesterday to just invest some of his money into bitcoins, and he's a big party, but he just asked me one thing, that what is it and where do the money go... I said it's people buying and selling it all the way through exchanges, so he said, "No, I ain't interested in investing into something which is not under control..." We need to give proper knowledge to people about this coin, else it won't have a better future...

People are not aware from this currency. If a currency accept bitcoin then a few people of it are known about it. First of all, you are true that knowledge is of great importance. If a person becomes known about it, there is many way of profit for it. If he not like to be trading, then he can uses its bitcoin in other ways like gambling, mining etc. This, I sure will changes his minds and he started using it. Bitcoin is, no doubt, very interesting but if only people get knowledge about it. It is profitable in long terms, I believe.