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Author Topic: What's stopping people from using bitcoin?  (Read 202103 times)
zigzag007
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June 26, 2016, 11:59:45 AM
 #2621

People may not trust the security around bitcoin.
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June 27, 2016, 07:04:23 AM
 #2622

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).
Getting scammed might make people feel annoyed but I do not think it will make them stop using bitcoin because they can try another. But I do not know because each person is very different. Perhaps many people stop using bitcoin because bitcoin does not develop and can not make their own profits.
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June 27, 2016, 11:09:33 AM
 #2623

Some people think is scam? I would say they must be wrong. Bitcoin is not a scam, I also thought the same when I first heard about it from my friend. The way he explained it made me think it's scam, but it's not. If it's a scam, many users would have discovered that since. But people's imagination is real stopper I too believe.  Smiley Wink

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June 27, 2016, 01:24:36 PM
 #2624

People may not trust the security around bitcoin.

That's really an issue and reason why people are stopping from using bitcoin. Because there are some people that are tackling about the security of
bitcoin wallet addresses.
Thinking about that an hacker can easily penetrate to their accounts and get the balance they have.

Correct. The only thing that it lacks of, is security itself. People nowadays try to get everything through shortcuts, they don't want to work for this.
This is why hack attempts has risen to an extremely dangerous level.
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June 27, 2016, 01:30:32 PM
 #2625

Lack of knowledge and lack of trust in bitcoin is stopping majority of people to use it, as they are not aware what is bitcoin and how it works so we cannot expect them to use bitcoins.
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June 27, 2016, 01:47:48 PM
 #2626

So after reading this article and especially the ending:

Quote
One thing is for certain: having made Bitcoin less of a security worry, transparency will now be key in attracting users to new models, placing control of funds and fees in an upfront way in their own hands.

I'm wondering what's stopping people from using bitcoin?

And now I'm talking about people who already aware of bitcoin and how it works but still not using it.

The price is now pretty much stable for more then a year, security issues are out of the question - so why we can't see in 2015 more companies switching to it, especially considering the unstable condition of moden economy?

Would you change your local currency to a better local currency for a 1% fee if you want to buy something? The other currency is better, but you have to wait a few days, pay an exchange fee and care about the security yourself.

The issue IMHO is that there are not enought ways to earn bitcoin for the majority of people you have in mind.
Using bitcoins can make allot of difference for the price value. If more people are using the bitcoin the price will rise allot off coure not if they
are only holding their coins.
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June 27, 2016, 01:55:25 PM
 #2627

So after reading this article and especially the ending:

Quote
One thing is for certain: having made Bitcoin less of a security worry, transparency will now be key in attracting users to new models, placing control of funds and fees in an upfront way in their own hands.

I'm wondering what's stopping people from using bitcoin?

And now I'm talking about people who already aware of bitcoin and how it works but still not using it.

The price is now pretty much stable for more then a year, security issues are out of the question - so why we can't see in 2015 more companies switching to it, especially considering the unstable condition of moden economy?

Would you change your local currency to a better local currency for a 1% fee if you want to buy something? The other currency is better, but you have to wait a few days, pay an exchange fee and care about the security yourself.

The issue IMHO is that there are not enought ways to earn bitcoin for the majority of people you have in mind.
Using bitcoins can make allot of difference for the price value. If more people are using the bitcoin the price will rise allot off coure not if they
are only holding their coins.

Higher number of users means higher price of bitcoin, and that will surely happen in next few years when bitcoin will reach everywhere, so we can expect higher price in future for sure.

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June 27, 2016, 02:03:30 PM
 #2628

People may not trust the security around bitcoin.

That's really an issue and reason why people are stopping from using bitcoin. Because there are some people that are tackling about the security of
bitcoin wallet addresses.
Thinking about that an hacker can easily penetrate to their accounts and get the balance they have.

Correct. The only thing that it lacks of, is security itself. People nowadays try to get everything through shortcuts, they don't want to work for this.
This is why hack attempts has risen to an extremely dangerous level.

This is a right point man. hacking attempts are just increasing badly. and bitcoin holders are being hunted. that is one of the big reason why people stopping bitcoin. but there are lots of ways to stay safe. like using mixer services and store your bitcoin to cold or paper wallets can safe you from hackers.

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June 27, 2016, 02:07:37 PM
 #2629

People may not trust the security around bitcoin.

That's really an issue and reason why people are stopping from using bitcoin. Because there are some people that are tackling about the security of
bitcoin wallet addresses.
Thinking about that an hacker can easily penetrate to their accounts and get the balance they have.
Yeah that may be the reason why most people are leaving and are quit using Bitcoin, they are afraid of spending there money but being hacked so that everything was for nothing.
So I understand why people are leaving I would do the same thing.


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June 27, 2016, 02:08:00 PM
 #2630

Lack of knowledge and lack of trust in bitcoin is stopping majority of people to use it, as they are not aware what is bitcoin and how it works so we cannot expect them to use bitcoins.

This is surely one of the reason why people are not using or stopping the use of bitcoin.
But of course in the end if they are going to see the convenience and benefits of bitcoin .
And they have going to have enough knowledge.

Vires in Numeris
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June 27, 2016, 02:12:01 PM
 #2631

People may not trust the security around bitcoin.

That's really an issue and reason why people are stopping from using bitcoin. Because there are some people that are tackling about the security of
bitcoin wallet addresses.
Thinking about that an hacker can easily penetrate to their accounts and get the balance they have.

Correct. The only thing that it lacks of, is security itself. People nowadays try to get everything through shortcuts, they don't want to work for this.
This is why hack attempts has risen to an extremely dangerous level.
Making your account secure and bitcoin security is different. Bitcoin itself is secure because of it's anonymity. The only thing that has risk is your account security, it's your choice if  you want to make your account secure. Bitcoin has nothing to do with it.
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June 27, 2016, 02:17:07 PM
 #2632

Some people dont want to use bitcoins and i know why because gold is everything for them they inly think why use bitcoins when he has a unstable value and paper will always have the same value.
So make sure you have always gold instead of bitcoins.
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June 27, 2016, 02:19:21 PM
 #2633

The steep fluctuations is the major factor that keeps most users away from bitcoin usage. Also users don't have good knowledge and learning about bitcoin. When they know clearly, users will understand that those fluctuations were not a matter.
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June 27, 2016, 02:20:11 PM
 #2634

So after reading this article and especially the ending:

Quote
One thing is for certain: having made Bitcoin less of a security worry, transparency will now be key in attracting users to new models, placing control of funds and fees in an upfront way in their own hands.

I'm wondering what's stopping people from using bitcoin?

And now I'm talking about people who already aware of bitcoin and how it works but still not using it.

The price is now pretty much stable for more then a year, security issues are out of the question - so why we can't see in 2015 more companies switching to it, especially considering the unstable condition of moden economy?
stops just knew a bitcoin is gained to the band to stop bitcoin really use bitcoin. But why do you need paghintuin that the use of bitcoin? What reason? 😂
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June 27, 2016, 02:25:34 PM
 #2635

Changes will never happen in a single day. Its take worth time. people are accepting bitcoin more then yesterday. Number of people who are using bitcoin going up everyday. may be it will never happen that all people accept bitcoin but there is no doubt that most people will accept it.

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June 27, 2016, 02:26:33 PM
 #2636

So after reading this article and especially the ending:

Quote
One thing is for certain: having made Bitcoin less of a security worry, transparency will now be key in attracting users to new models, placing control of funds and fees in an upfront way in their own hands.

I'm wondering what's stopping people from using bitcoin?

And now I'm talking about people who already aware of bitcoin and how it works but still not using it.

The price is now pretty much stable for more then a year, security issues are out of the question - so why we can't see in 2015 more companies switching to it, especially considering the unstable condition of moden economy?
People just dont want to use the bitcoin because they also have gold and paper money you know so i understand that they dont want to use them both
So if you know one thing that we all need to use bitcoins instead of gold tell me.
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June 27, 2016, 02:39:59 PM
 #2637

Changes will never happen in a single day. Its take worth time. people are accepting bitcoin more then yesterday. Number of people who are using bitcoin going up everyday. may be it will never happen that all people accept bitcoin but there is no doubt that most people will accept it.

Yes that's for sure that all people will not really to get into bitcoin. But in the end those people will be forced to use bitcoin.
If the government will implement the cashless society and the currency which will be use is bitcoin.

Vires in Numeris
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June 27, 2016, 03:12:41 PM
 #2638

So after reading this article and especially the ending:

Quote
One thing is for certain: having made Bitcoin less of a security worry, transparency will now be key in attracting users to new models, placing control of funds and fees in an upfront way in their own hands.

I'm wondering what's stopping people from using bitcoin?

And now I'm talking about people who already aware of bitcoin and how it works but still not using it.

The price is now pretty much stable for more then a year, security issues are out of the question - so why we can't see in 2015 more companies switching to it, especially considering the unstable condition of moden economy?
People just dont want to use the bitcoin because they also have gold and paper money you know so i understand that they dont want to use them both
So if you know one thing that we all need to use bitcoins instead of gold tell me.
They have a lack of knowledge about technology and having more interested investing in real currency because they believe and if the real currency is more promising them than bitcoin.

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June 27, 2016, 03:17:19 PM
 #2639

People may not trust the security around bitcoin.
That's really an issue and reason why people are stopping from using bitcoin. Because there are some people that are tackling about the security of
bitcoin wallet addresses.
Thinking about that an hacker can easily penetrate to their accounts and get the balance they have.

Advertise hardware wallets. The typical office desktop was never meant as a store for currency.

For daily payments, well everybody owns 2 handhelds, so can reserve one for serious stuff like playing angry birds, using the other for Bitcoins.

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June 27, 2016, 03:24:17 PM
 #2640

Changes will never happen in a single day. Its take worth time. people are accepting bitcoin more then yesterday. Number of people who are using bitcoin going up everyday. may be it will never happen that all people accept bitcoin but there is no doubt that most people will accept it.

Yes that's for sure that all people will not really to get into bitcoin. But in the end those people will be forced to use bitcoin.
If the government will implement the cashless society and the currency which will be use is bitcoin.
i'm sure government would rather make their own digital currency which is centralized so they can control it than using bitcoin which is uncontrolled if they're forcing their people to implement cashless society

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