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Author Topic: What's stopping people from using bitcoin?  (Read 202202 times)
shane
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June 25, 2016, 04:33:29 AM
 #2601

I'd say aprox a quarter of whats stopping people from using Bitcoin is the media made conception that Bitcoin is associated with criminal activity.

There are actually a lot of reasons stopping people from using bitcoin but you are right, that is a big reason in some places where media is working dawn to dusk to kill the positive concept of bitcoin from the minds of people, and the people who were never aware about it are believing it with blind eyes without doing their own research about bitcoin.

Well I am pretty sure that media is controlled by the government. They want to take it down rather than accepting or adapt it. This currency is free and they dont want any people to be free. Democracy is a joke it is just a reason for government to steal from people. Yeah freedom of stealing.

goverment hate the growing of bitcoin, they want to ban it, but the technology behind bitcoin make goverment can't touch it.
in future maybe each country will create his own cryptocurrency, then bitcoin can be the 1st global currency like U.s. dollar at this time.

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Enotche
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June 25, 2016, 07:10:57 AM
 #2602

goverment hate the growing of bitcoin, they want to ban it, but the technology behind bitcoin make goverment can't touch it.
in future maybe each country will create his own cryptocurrency, then bitcoin can be the 1st global currency like U.s. dollar at this time.

Yeah, maybe you're right. The banking system is afraid of its own destruction by promoting Bitcoin. It is rumored that Bitcoin could destroy banks. However, I think the banks simply have to accept and adjust to blokchain, Bitcoin,

I do not want that each government had its own cryptocurrency. I would like to single currency to pay for goods and services in any country.
hermanhs09
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June 25, 2016, 08:41:01 PM
 #2603

goverment hate the growing of bitcoin, they want to ban it, but the technology behind bitcoin make goverment can't touch it.
in future maybe each country will create his own cryptocurrency, then bitcoin can be the 1st global currency like U.s. dollar at this time.

Yeah, maybe you're right. The banking system is afraid of its own destruction by promoting Bitcoin. It is rumored that Bitcoin could destroy banks. However, I think the banks simply have to accept and adjust to blokchain, Bitcoin,

I do not want that each government had its own cryptocurrency. I would like to single currency to pay for goods and services in any country.

No no no, the banking system is not afraid of crypto currencies lol they actually most likely love them because they make a shitload of profit from bank transfers from btc to usd or usd to btc they make hundreds of thousands of dollars daily from just simple transactions of people that want btc or want to sell btc.

Hope this information helps you guys out!
Cyaren
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June 26, 2016, 12:13:07 AM
 #2604

goverment hate the growing of bitcoin, they want to ban it, but the technology behind bitcoin make goverment can't touch it.
in future maybe each country will create his own cryptocurrency, then bitcoin can be the 1st global currency like U.s. dollar at this time.

Yeah, maybe you're right. The banking system is afraid of its own destruction by promoting Bitcoin. It is rumored that Bitcoin could destroy banks. However, I think the banks simply have to accept and adjust to blokchain, Bitcoin,

I do not want that each government had its own cryptocurrency. I would like to single currency to pay for goods and services in any country.

No no no, the banking system is not afraid of crypto currencies lol they actually most likely love them because they make a shitload of profit from bank transfers from btc to usd or usd to btc they make hundreds of thousands of dollars daily from just simple transactions of people that want btc or want to sell btc.

Hope this information helps you guys out!

There's not much STOPPING people from using btc but the fact of the matter is people are just scared of their ignorance in something so they dont try to learn, they're just lazy and they are too scared to ask people, So lets all help them out lol share what you know with your friends (even if they dont ask) lol.
richardsNY
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June 26, 2016, 12:30:49 AM
 #2605

goverment hate the growing of bitcoin, they want to ban it, but the technology behind bitcoin make goverment can't touch it.
in future maybe each country will create his own cryptocurrency, then bitcoin can be the 1st global currency like U.s. dollar at this time.

Yeah, maybe you're right. The banking system is afraid of its own destruction by promoting Bitcoin. It is rumored that Bitcoin could destroy banks. However, I think the banks simply have to accept and adjust to blokchain, Bitcoin,

I do not want that each government had its own cryptocurrency. I would like to single currency to pay for goods and services in any country.

No no no, the banking system is not afraid of crypto currencies lol they actually most likely love them because they make a shitload of profit from bank transfers from btc to usd or usd to btc they make hundreds of thousands of dollars daily from just simple transactions of people that want btc or want to sell btc.

Hope this information helps you guys out!

There's not much STOPPING people from using btc but the fact of the matter is people are just scared of their ignorance in something so they dont try to learn, they're just lazy and they are too scared to ask people, So lets all help them out lol share what you know with your friends (even if they dont ask) lol.

Ignorance plays a big role indeed. I have experienced several people around me that thought to know for sure that Bitcoin was the currency of the underworld. That was their reason to not use or learn more about Bitcoin. It's the media that is brainwashing people as they take everything that comes from the media for granted. It took me a lot effort to explain them what Bitcoin really is and how it can help them securing their wealth and stuff. They finally showed some interest instead of disliking Bitcoin directly.
patronis
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June 26, 2016, 12:35:24 AM
 #2606

goverment hate the growing of bitcoin, they want to ban it, but the technology behind bitcoin make goverment can't touch it.
in future maybe each country will create his own cryptocurrency, then bitcoin can be the 1st global currency like U.s. dollar at this time.

Yeah, maybe you're right. The banking system is afraid of its own destruction by promoting Bitcoin. It is rumored that Bitcoin could destroy banks. However, I think the banks simply have to accept and adjust to blokchain, Bitcoin,

I do not want that each government had its own cryptocurrency. I would like to single currency to pay for goods and services in any country.

No no no, the banking system is not afraid of crypto currencies lol they actually most likely love them because they make a shitload of profit from bank transfers from btc to usd or usd to btc they make hundreds of thousands of dollars daily from just simple transactions of people that want btc or want to sell btc.

Hope this information helps you guys out!

There's not much STOPPING people from using btc but the fact of the matter is people are just scared of their ignorance in something so they dont try to learn, they're just lazy and they are too scared to ask people, So lets all help them out lol share what you know with your friends (even if they dont ask) lol.

Ignorance plays a big role indeed. I have experienced several people around me that thought to know for sure that Bitcoin was the currency of the underworld. That was their reason to not use or learn more about Bitcoin. It's the media that is brainwashing people as they take everything that comes from the media for granted. It took me a lot effort to explain them what Bitcoin really is and how it can help them securing their wealth and stuff. They finally showed some interest instead of disliking Bitcoin directly.

This is so true. I know people to this say who say Bitcoin is failed or Bitcoin is only used by sketchy people etc even when companies like Steam now take Bitcoin for payment and  the whole Coinbase-Paypal deal.
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June 26, 2016, 02:16:46 AM
 #2607

I simply don't think the general public can get used to the virtual currency where a string of characters translates to monetary value.
The distance between a malware/phishing scam is the computer and the bank.  Now that you move your money into your computer, stored as a string,
the distance between your money and it getting stolen feels a lot smaller. Hence the trust issue.

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sishendaoye
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June 26, 2016, 02:39:22 AM
 #2608

I simply don't think the general public can get used to the virtual currency where a string of characters translates to monetary value.
The distance between a malware/phishing scam is the computer and the bank.  Now that you move your money into your computer, stored as a string,
the distance between your money and it getting stolen feels a lot smaller. Hence the trust issue.

People really have issues with the trusting part of the bitcoin this is without doubts true, the bitcoin also simply has a bad name due to the media that only told some bad stories about it..
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June 26, 2016, 04:17:00 AM
 #2609

I simply don't think the general public can get used to the virtual currency where a string of characters translates to monetary value.
The distance between a malware/phishing scam is the computer and the bank.  Now that you move your money into your computer, stored as a string,
the distance between your money and it getting stolen feels a lot smaller. Hence the trust issue.

People really have issues with the trusting part of the bitcoin this is without doubts true, the bitcoin also simply has a bad name due to the media that only told some bad stories about it..

The thing is trust now can be gained simply by being there for a long time. Look at paypal, that is an exame of just beiing there for quite some time. Although their fees are hugh people still use it.
nischal88
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June 26, 2016, 04:26:07 AM
 #2610

I simply don't think the general public can get used to the virtual currency where a string of characters translates to monetary value.
The distance between a malware/phishing scam is the computer and the bank.  Now that you move your money into your computer, stored as a string,
the distance between your money and it getting stolen feels a lot smaller. Hence the trust issue.

People really have issues with the trusting part of the bitcoin this is without doubts true, the bitcoin also simply has a bad name due to the media that only told some bad stories about it..

The thing is trust now can be gained simply by being there for a long time. Look at paypal, that is an exame of just beiing there for quite some time. Although their fees are hugh people still use it.
Human tendency of protection and security may be the major reason of avoiding the some other virtual currency as per the security is not completely abundant for the investment.
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June 26, 2016, 06:45:48 AM
 #2611

I'd say aprox a quarter of whats stopping people from using Bitcoin is the media made conception that Bitcoin is associated with criminal activity.

There are actually a lot of reasons stopping people from using bitcoin but you are right, that is a big reason in some places where media is working dawn to dusk to kill the positive concept of bitcoin from the minds of people, and the people who were never aware about it are believing it with blind eyes without doing their own research about bitcoin.

Well I am pretty sure that media is controlled by the government. They want to take it down rather than accepting or adapt it. This currency is free and they dont want any people to be free. Democracy is a joke it is just a reason for government to steal from people. Yeah freedom of stealing.
Yes indeed possible in some countries prohibit crypto like bitcoin for violating the rules. It is going to make bitcoin difficult to develop. But I believe bitcoin will evolve and users are still using bitcoin.
People would always worry about the price of bitcoin, so I think one of major reasons to stop use bitcoin are the price. Would you still use bitcoin if the price down to $5 and it's stuck there where you have bought  $100k at $400 ?
I believe more than half of bitcoin users have struck with this reason as they might had bought around $1000.
Bitcoin price becomes the main reason but has some reason can support the main reason and make people who are getting a strong to leaving from bitcoin, or maybe they ever deceived.

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June 26, 2016, 08:11:23 AM
 #2612

People who live in provinces wherein there's no internet connection , Because to use Bitcoin we all need internet connection , We need to communicate with others to trade, to sell and to buy Bitcoins.
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June 26, 2016, 08:16:43 AM
 #2613

People would always worry about the price of bitcoin, so I think one of major reasons to stop use bitcoin are the price. Would you still use bitcoin if the price down to $5 and it's stuck there where you have bought  $100k at $400 ?
I believe more than half of bitcoin users have struck with this reason as they might had bought around $1000.
Bitcoin price becomes the main reason but has some reason can support the main reason and make people who are getting a strong to leaving from bitcoin, or maybe they ever deceived.
im just thinking about changing the hot wallet service if the support can't help much, after you can resolve the thing before you go into the another wallet of course
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June 26, 2016, 08:30:14 AM
 #2614

There's not much STOPPING people from using btc but the fact of the matter is people are just scared of their ignorance in something so they dont try to learn, they're just lazy and they are too scared to ask people, So lets all help them out lol share what you know with your friends (even if they dont ask) lol.
Yes, there is a psychological barrier. I would also add that people are afraid of the unknown, and because it does not want to develop. Looking for a press conference and promotion.

People who live in provinces wherein there's no internet connection , Because to use Bitcoin we all need internet connection , We need to communicate with others to trade, to sell and to buy Bitcoins.
Yes, it is necessary to establish the structure and functioning of the Bitcoin system. 21, and the internet still does not know how to use it.
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June 26, 2016, 08:46:29 AM
 #2615

There's not much STOPPING people from using btc but the fact of the matter is people are just scared of their ignorance in something so they dont try to learn, they're just lazy and they are too scared to ask people, So lets all help them out lol share what you know with your friends (even if they dont ask) lol.
Yes, there is a psychological barrier. I would also add that people are afraid of the unknown, and because it does not want to develop. Looking for a press conference and promotion.

People who live in provinces wherein there's no internet connection , Because to use Bitcoin we all need internet connection , We need to communicate with others to trade, to sell and to buy Bitcoins.
Yes, it is necessary to establish the structure and functioning of the Bitcoin system. 21, and the internet still does not know how to use it.
the only thing that I think stop people from using bitcoin is the instability of the rate of bitcoin. people some time worried about the fluctuation of the ups and down of the bitocin which stop people from using and buying bitcoin.
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June 26, 2016, 09:17:24 AM
 #2616

I simply don't think the general public can get used to the virtual currency where a string of characters translates to monetary value.
The distance between a malware/phishing scam is the computer and the bank.  Now that you move your money into your computer, stored as a string,
the distance between your money and it getting stolen feels a lot smaller. Hence the trust issue.

People really have issues with the trusting part of the bitcoin this is without doubts true, the bitcoin also simply has a bad name due to the media that only told some bad stories about it..
yes I think the media as an enemy to bitcoin, they always give bad news about bitcoin which in fact is not like that and I'm sure one day when the bank began to adopt their bitcoin will give you the good news about bitcoin to the public. so this is just a time for bitcoin taking a world.

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June 26, 2016, 09:56:26 AM
 #2617

I simply don't think the general public can get used to the virtual currency where a string of characters translates to monetary value.
The distance between a malware/phishing scam is the computer and the bank.  Now that you move your money into your computer, stored as a string,
the distance between your money and it getting stolen feels a lot smaller. Hence the trust issue.

People really have issues with the trusting part of the bitcoin this is without doubts true, the bitcoin also simply has a bad name due to the media that only told some bad stories about it..
yes I think the media as an enemy to bitcoin, they always give bad news about bitcoin which in fact is not like that and I'm sure one day when the bank began to adopt their bitcoin will give you the good news about bitcoin to the public. so this is just a time for bitcoin taking a world.

The thing that's stopping people from using btc is that people cannot understand it,  but you cannot blame them and they're not stupid they're just missing out on big money that we've come upon people we're the lucky ones to be honest with you

Dont let your friends miss out on this opportunity.
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June 26, 2016, 10:58:11 AM
 #2618

So many reasons that are a cause to stop using bitcoin, the major reason is that people are busy in other thing like some are the student of university and some are doing jobs in other companies so they don't have enough time to spend on bitcoin..
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June 26, 2016, 11:34:40 AM
 #2619

So many reasons that are a cause to stop using bitcoin, the major reason is that people are busy in other thing like some are the student of university and some are doing jobs in other companies so they don't have enough time to spend on bitcoin..
Yeah that will consider another reason on why people stopped using bitcoin but i think there is a big reason like getting scammed (because of the HYIPs that manipulated them to invest all their btc) and financial loss (like getting negative profit because of panic selling because the price of bitcoin in their time is continue dropping).
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June 26, 2016, 11:59:45 AM
 #2620

People may not trust the security around bitcoin.
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