What's stopping people from using bitcoin?

[goinmerry]

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.

What you believe can be right for some people. Specially those who have bought at a low price. Then, what about those people who have bought it while it was too high on price? Different stories in here but we should have the same goal and that is to tell people who dont have any idea about it that this bitcoin exist.

[naidray]

I heard some hackers who hack others via ransomeware virus are asking bitcoins in return. So people are a bit worried and maybe that is stopping them, but that is no reason, hackers use USD also so stop using it !

No this is the reason why they are not using it, I even find this the stupidest reason you could thing.
I do think people keep away from it due to the bad name the bitcoin has these days, its still a investment right.

Yes, that is not the reason which stop people from using bitcoin as only those people are aware with it that hackers are trying to hack bitcoins who are experienced in the usage of bitcoin, and along with that they know well that if we do more security to our coins then their attempts will be failed.

[katrimans]

I heard some hackers who hack others via ransomeware virus are asking bitcoins in return. So people are a bit worried and maybe that is stopping them, but that is no reason, hackers use USD also so stop using it !

No this is the reason why they are not using it, I even find this the stupidest reason you could thing.
I do think people keep away from it due to the bad name the bitcoin has these days, its still a investment right.

Yes , I also have saw some people even legendary calling bitcoin as an investment only, and with that a lot of people who are not interested in investment do not adopt bitcoin, if we spread its image as a currency then people will think to learn about it.

[Mastsetad]

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 the question is what is stopping peoeple from using bitcoin, it is not if what will stop people from using bitcoin and you are talking about that.
And one more thing, bitcoin is not gonna come to the value of $1.

[Karolus]

I heard some hackers who hack others via ransomeware virus are asking bitcoins in return. So people are a bit worried and maybe that is stopping them, but that is no reason, hackers use USD also so stop using it !

No this is the reason why they are not using it, I even find this the stupidest reason you could thing.
I do think people keep away from it due to the bad name the bitcoin has these days, its still a investment right.

Yes , I also have saw some people even legendary calling bitcoin as an investment only, and with that a lot of people who are not interested in investment do not adopt bitcoin, if we spread its image as a currency then people will think to learn about it.

The price of bitcoin has dropped 20% in the last 3-4 days. It seems that would affect the people who were using it as a currency. If a person only uses bitcoin, should he buy 20% less food?

I don't want hungry babies to get 20% less food.

[JumperX]

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 the question is what is stopping peoeple from using bitcoin, it is not if what will stop people from using bitcoin and you are talking about that.
And one more thing, bitcoin is not gonna come to the value of $1.

People who have faith in bitcoin will continue to use it irrespective of the price, even price drop won't affect them and they will continue to buy more coins if price drops.

[poplolnman]

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 the question is what is stopping peoeple from using bitcoin, it is not if what will stop people from using bitcoin and you are talking about that.
And one more thing, bitcoin is not gonna come to the value of $1.

People who have faith in bitcoin will continue to use it irrespective of the price, even price drop won't affect them and they will continue to buy more coins if price drops.

but we must admit it that kind person are very few exist nowadays, people would only care about the price and get profit. once they think bitcoin is not profitable anymore to be played, they leave it and forget it.

[elobizph]

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 the question is what is stopping peoeple from using bitcoin, it is not if what will stop people from using bitcoin and you are talking about that.
And one more thing, bitcoin is not gonna come to the value of $1.

People who have faith in bitcoin will continue to use it irrespective of the price, even price drop won't affect them and they will continue to buy more coins if price drops.

but we must admit it that kind person are very few exist nowadays, people would only care about the price and get profit. once they think bitcoin is not profitable anymore to be played, they leave it and forget it.

Well that's the reality about the fact that people tend just to think about price and profit. Since that's the most purpose of everyone is to earn.
But I guess, it is also the reason why people are stopping from using bitcoin when they can see that they are not getting profit to it.

Exactly i also stop using bitoin if i can not earn profit on it that will be wasting my time but for now i will continue doing what i do and iam happy with my earnings today.

[Wilhelmer]

I think one of the biggest issue is the fluctuation of Bitcoin value. One day it's $637 USD another week it might be $800 USD, and one month later it might be $300 USD.

I was trying to push fourth the idea to a friend on cryptocurrencies and real life usage, for example via Plutus or any other similar platforms that helps to bridge bitcoin to the real world to make purchases on daily items. But he did ask a good question on fluctuation. At that time, I don't have an answer. Perhaps one of you might be able to better address it? If BTC isn't hedged to a local FIAT, e.g USD or AUD for that matter, then one day a coffee that's $4 USD may cost me less bitcoins and another day may cost me way too much bitcoins.

Doesn't make sense to be using much of it if it's not hedged.

[goinmerry]

I think one of the biggest issue is the fluctuation of Bitcoin value. One day it's $637 USD another week it might be $800 USD, and one month later it might be $300 USD.

I was trying to push fourth the idea to a friend on cryptocurrencies and real life usage, for example via Plutus or any other similar platforms that helps to bridge bitcoin to the real world to make purchases on daily items. But he did ask a good question on fluctuation. At that time, I don't have an answer. Perhaps one of you might be able to better address it? If BTC isn't hedged to a local FIAT, e.g USD or AUD for that matter, then one day a coffee that's $4 USD may cost me less bitcoins and another day may cost me way too much bitcoins.

Doesn't make sense to be using much of it if it's not hedged.

Your will understand it once he go deep in knowing what bitcoin is. I was just taught with the basics and if he is really in to bitcoin then he should be the one who will be willing to get more about it. The attraction from earning free is the first goal but later on you should teach yourself.

[Wilhelmer]

I think one of the biggest issue is the fluctuation of Bitcoin value. One day it's $637 USD another week it might be $800 USD, and one month later it might be $300 USD.

I was trying to push fourth the idea to a friend on cryptocurrencies and real life usage, for example via Plutus or any other similar platforms that helps to bridge bitcoin to the real world to make purchases on daily items. But he did ask a good question on fluctuation. At that time, I don't have an answer. Perhaps one of you might be able to better address it? If BTC isn't hedged to a local FIAT, e.g USD or AUD for that matter, then one day a coffee that's $4 USD may cost me less bitcoins and another day may cost me way too much bitcoins.

Doesn't make sense to be using much of it if it's not hedged.

Your will understand it once he go deep in knowing what bitcoin is. I was just taught with the basics and if he is really in to bitcoin then he should be the one who will be willing to get more about it. The attraction from earning free is the first goal but later on you should teach yourself.

From a trading perspective, it's a great currency to be trading. From a consumer perspective, it really stifles mass adoption. If anything, Bitcoin is only serving the Cryptocommunity and investors mostly. Other Cryptos built around it will bridge that gap and achieve mass adoption with proper hedging so that it can be used on a daily basis.

As you know, the price of Bitcoin just fell and seems like it's gonna fall further. As a consumer, I won't be using my precious Bitcoins to purchase coffee at a higher price.

[gentlemand]

The humongous drop that just happened now?

The exchanges control the price. As a newcomer you're far more likely to use coinbase or localbitcoins than an exchange therefore new money never arrives at the places where it counts.

[tabas]

I think one of the biggest issue is the fluctuation of Bitcoin value. One day it's $637 USD another week it might be $800 USD, and one month later it might be $300 USD.

I was trying to push fourth the idea to a friend on cryptocurrencies and real life usage, for example via Plutus or any other similar platforms that helps to bridge bitcoin to the real world to make purchases on daily items. But he did ask a good question on fluctuation. At that time, I don't have an answer. Perhaps one of you might be able to better address it? If BTC isn't hedged to a local FIAT, e.g USD or AUD for that matter, then one day a coffee that's $4 USD may cost me less bitcoins and another day may cost me way too much bitcoins.

Doesn't make sense to be using much of it if it's not hedged.

Your will understand it once he go deep in knowing what bitcoin is. I was just taught with the basics and if he is really in to bitcoin then he should be the one who will be willing to get more about it. The attraction from earning free is the first goal but later on you should teach yourself.

Well you are a good listener and follower if you are just taught only with the basics. Because I taught a lot of people regarding bitcoin, but it seems they are having hard time to cope up what bitcoin really is.
But in the end they learned as the day passes each by each thing with bitcoin they are learning but they stopped when they saw the price is falling.

[chineseprancing]

If i am giving you a reason to stop myself using bitcoin, that would, I stop using bitcoin cause lately my transactions taking very long confirmations it takes 14 hours to get it into my wallet, Or maybe , i stop bitcoin cause i was bankcrupt cause i have get scammed by other person or i invested in a wrong sites

[elyas772]

The humongous drop that just happened now?

The exchanges control the price. As a newcomer you're far more likely to use coinbase or localbitcoins than an exchange therefore new money never arrives at the places where it counts.

no exchanges can control bitcoin, it's pure decentralization, this is just a manipulation rate from whales, he want to buy more bitcoin before pump it.

[teilwalL05]

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.

i think your mother rejected it because she don't know and she can't understand carefully how to use bitcoin. For sure if she is interested in this kind of topic she will be using it of she will listen to you on how to use this bitcoin, or how does it works.

[goinmerry]

I think one of the biggest issue is the fluctuation of Bitcoin value. One day it's $637 USD another week it might be $800 USD, and one month later it might be $300 USD.

I was trying to push fourth the idea to a friend on cryptocurrencies and real life usage, for example via Plutus or any other similar platforms that helps to bridge bitcoin to the real world to make purchases on daily items. But he did ask a good question on fluctuation. At that time, I don't have an answer. Perhaps one of you might be able to better address it? If BTC isn't hedged to a local FIAT, e.g USD or AUD for that matter, then one day a coffee that's $4 USD may cost me less bitcoins and another day may cost me way too much bitcoins.

Doesn't make sense to be using much of it if it's not hedged.

Your will understand it once he go deep in knowing what bitcoin is. I was just taught with the basics and if he is really in to bitcoin then he should be the one who will be willing to get more about it. The attraction from earning free is the first goal but later on you should teach yourself.

From a trading perspective, it's a great currency to be trading. From a consumer perspective, it really stifles mass adoption. If anything, Bitcoin is only serving the Cryptocommunity and investors mostly. Other Cryptos built around it will bridge that gap and achieve mass adoption with proper hedging so that it can be used on a daily basis.

As you know, the price of Bitcoin just fell and seems like it's gonna fall further. As a consumer, I won't be using my precious Bitcoins to purchase coffee at a higher price.

Yes it is dropping like $200 dollars for just days. Real trust in bitcoin is needed now or a strong chest to take what is happening. Some people bought at a higher price thinking it will gain more. But look what happened. Who knows what will happen?

[saiha]

The humongous drop that just happened now?

The exchanges control the price. As a newcomer you're far more likely to use coinbase or localbitcoins than an exchange therefore new money never arrives at the places where it counts.

no exchanges can control bitcoin, it's pure decentralization, this is just a manipulation rate from whales, he want to buy more bitcoin before pump it.

Yeah, no one is controlling the price of bitcoin but all of us who are users and on what is happening to it is cause by us.
This applies the law of supply and demand.
Since many are selling there bitcoins supply is getting high so the demand decreases as the price would do.
This is really going to stop people from using bitcoin.

[hermanhs09]

I'd say the main thing stopping people from using bitcoin is the pain and hassle of all the confusion but you can't disagree that people are just lazy to try to learn about BTC as a whole just because they think it is some super complicated thing that would take a lot of work and time off of them to just get a few hundred bucks.

That's the issue in my opinion.

[kelapayo]

minor reason maybe for some newbies like me , it looks easy to earn some bitcoin , well when i see my friend he look easy to get bitcoin from trading , but when i try to do it , i just noticed if it is hard to do ,  maybe some people now only want instant , much and earn bitcoin easy , and when they know it is hard to do, they fell bored and stop to learn about bitcoin