What's stopping people from using bitcoin?

[cjmoles]

People aren't using bitcoin because they have bank accounts, credit cards, and fiat.  To most, there isn't a very large incentive to link their bank account information to a possibly fraudulent bitcoin gateway to get a currency that may, or may not, be worth what they paid for it an hour from now.  Besides, isn't it easier to use cash?

[TemplarKnightUK]

To quote a good friend of mine, "because it doesn't have the backing [I kid you not] of government if it fails: no FSCS protection, etc...".

Or, variously, "I trust the government"

Madness.

[fkvidar]

Price volatility can be one of the reason for people not using bitcoin, as bitcoin is new in terms of an investment and the future is unpredictable, to be honest people don't have faith in bitcoin.

[takingthis4]

Price volatility can be one of the reason for people not using bitcoin, as bitcoin is new in terms of an investment and the future is unpredictable, to be honest people don't have faith in bitcoin.

in my opinion that is the biggest thing what makes people not starting using bitcoins, but it also attracts more traders to bitcoin so i guess that doesnt make too much negative impact

also governments sometimes stop people from using their bitcoins to be honest because people are sometimes not allowed to use their bitcoins as they might be punished with prison

[PokerFace3]

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.

I think bitcoin is one of the safest things... Because the wallet does not show your information and the id of the wallet are really long .. I the real bank they have the Id, email, contact no., and various personal info, but this wallet are safe...So security may not be the major cause !
and i don't think its an easy job to do !

[QuestionAuthority]

To quote a good friend of mine, "because it doesn't have the backing [I kid you not] of government if it fails: no FSCS protection, etc...".

Or, variously, "I trust the government"

Madness.

I don't trust the government. In most cases, I hate the government. However, I do trust them slightly more than some stranger (like Mark Karpeles), halfway around the world, holding my personal information (even drivers license, credit card or debit card info), running a business that may or may not be around tomorrow.

[romero121]

Price volatility can be one of the reason for people not using bitcoin, as bitcoin is new in terms of an investment and the future is unpredictable, to be honest people don't have faith in bitcoin.

Agreed, most users have the same thinking. The price fluctuation happening without being stable for a long time is the major reason for which users hesitate to be a part of bitcoin.

[TemplarKnightUK]

To quote a good friend of mine, "because it doesn't have the backing [I kid you not] of government if it fails: no FSCS protection, etc...".

Or, variously, "I trust the government"

Madness.

I don't trust the government. In most cases, I hate the government. However, I do trust them slightly more than some stranger (like Mark Karpeles), halfway around the world, holding my personal information (even drivers license, credit card or debit card info), running a business that may or may not be around tomorrow.

Very true; assume that if you don't hold the private keys to unspent outputs, they're not yours. I wouldn't give debit or credit card info anyway, but these things are all a question of due diligence.

Those who are better at it, just as with every day life, get more out of bitcoin

Those who aren't... buy cloud hashes...

[eddyubachs]

Price volatility can be one of the reason for people not using bitcoin, as bitcoin is new in terms of an investment and the future is unpredictable, to be honest people don't have faith in bitcoin.

Agreed, most users have the same thinking. The price fluctuation happening without being stable for a long time is the major reason for which users hesitate to be a part of bitcoin.

That is one of the reason for sure and the other major factor is it hasn't received a green signal from the Government and if it does then we can find many new investors in future.

[TemplarKnightUK]

Price volatility can be one of the reason for people not using bitcoin, as bitcoin is new in terms of an investment and the future is unpredictable, to be honest people don't have faith in bitcoin.

Agreed, most users have the same thinking. The price fluctuation happening without being stable for a long time is the major reason for which users hesitate to be a part of bitcoin.

That is one of the reason for sure and the other major factor is it hasn't received a green signal from the Government and if it does then we can find many new investors in future.

To be quite frank, I've thought about this, and the volatility only really precludes those who would buy it as a speculative investment or inflationary hedge. Others who might buy it are the hobbyists (like stamp-collectors and, to a large extent, me).

Volatility and green lights are no barriers to the ordinary masses investing in bitcoin if only there were proper, tangible uses for the thing. I've been walking around the streets looking at merchants thinking "why don't you accept BTC". Especially the irksome ones who don't even accept VISA, either because they are tax evading or just plain dumb. But at essentially 6p per transaction where VISA only require about 2-3p, and even then merchants throw on all sorts of punitive measures like "50p extra charge; minimum £10,000,000... spend; etc", bitcoin just does not look feasible, sadly. Fees need to decrease; wait for Segwite; wait for off-chain solutions. And reduce the number of miners and things might improve. People have to be disincentivised to mine. But that may well come in 10 days' time.

[StoreBit]

Price volatility can be one of the reason for people not using bitcoin, as bitcoin is new in terms of an investment and the future is unpredictable, to be honest people don't have faith in bitcoin.

Agreed, most users have the same thinking. The price fluctuation happening without being stable for a long time is the major reason for which users hesitate to be a part of bitcoin.

That is one of the reason for sure and the other major factor is it hasn't received a green signal from the Government and if it does then we can find many new investors in future.

yes it is a fact that most of the people are not investing in bitcoin because bitcoin is not accepted by the government. bitcoin is still not legalize by the government. but still in present time we can see that as it is expected that in next few days the rate of the bitcoin is expected to be double so new people are investing in the world of bitocoin.

[Mr.grin]

I think many people are disappointed with the increase in the price of bitcoin. Well, when they lose, they started selling bitcoin they have and begin to stop using bitcoin, but I guess when the bitcoin prices go up, they will start using bitcoin again

[serjent05]

Price volatility can be one of the reason for people not using bitcoin, as bitcoin is new in terms of an investment and the future is unpredictable, to be honest people don't have faith in bitcoin.

Agreed, most users have the same thinking. The price fluctuation happening without being stable for a long time is the major reason for which users hesitate to be a part of bitcoin.

That is one of the reason for sure and the other major factor is it hasn't received a green signal from the Government and if it does then we can find many new investors in future.

To be quite frank, I've thought about this, and the volatility only really precludes those who would buy it as a speculative investment or inflationary hedge. Others who might buy it are the hobbyists (like stamp-collectors and, to a large extent, me).

Volatility and green lights are no barriers to the ordinary masses investing in bitcoin if only there were proper, tangible uses for the thing. I've been walking around the streets looking at merchants thinking "why don't you accept BTC". Especially the irksome ones who don't even accept VISA, either because they are tax evading or just plain dumb. But at essentially 6p per transaction where VISA only require about 2-3p, and even then merchants throw on all sorts of punitive measures like "50p extra charge; minimum £10,000,000... spend; etc", bitcoin just does not look feasible, sadly. Fees need to decrease; wait for Segwite; wait for off-chain solutions. And reduce the number of miners and things might improve. People have to be disincentivised to mine. But that may well come in 10 days' time.

I agree with you on this.  And well the major  thing that stopping people to use BTC is the access to internet.  If you don't have internet you can't access BTC period.  Though some try to be innovative and use bluetooth  to create a transaction offline but the bottom line, still need the internet to connect to network and sync the transaction.  And not all have access to INTERNET!  I think I gone too literal on this lol.

[Altcoinmoney]

What is letting people not using the bitcoin is the bad name, a lot of media has really given the bitcoin a bad name.
People are thinking its only used by criminals...

[co5hike]

What is letting people not using the bitcoin is the bad name, a lot of media has really given the bitcoin a bad name.
People are thinking its only used by criminals...

Those are the people with narrow mindsets and I really don't think that we should waste our time in thinking what people around us are thinking about bitcoin, better to move ahead and keep on earning.

[prtty2gal2]

Ease of use and lack of secured hard wallets.

Ease of use : bitcoin is really much easier to use than other currencies, because you do not have to worry about reverse of your transactions. More over it is an advantage of bitcoins over fiats for online usage.

Lack of secure hard wallets : Hmmm don't know, but surely online wallets and desktop wallets are much more secured with your encryption.

[Hide_ip112]

What is letting people not using the bitcoin is the bad name, a lot of media has really given the bitcoin a bad name.
People are thinking its only used by criminals...

Perhaps, but most people swallow the raw news that he got. This may be the beginning of where they will regret it in the future. This is not a problem for bitcoin, because there are still many people who have a mindset that is much more advanced than the people, the future of the bitcoin can already ascertained is very nice and good. So if anyone stopped using bitcoin, it would not be a problem

[diodio5]

Some people are afraid that they will get hacked or something if they spend there own money to invest in to Bitcoin. I can understand that because the feeling of someone else stealing your money and not even knowing who it is is the worst feeling.

only for fear hacked I think it's not a good reason to get out of bitcoin even your bank account could have been mapped out by thieves or hackers right ? so I think you can solve this problem without the need to exit from bitcoin right?
You can add security to your wallet

[Superbitzz]

Price volatility can be one of the reason for people not using bitcoin, as bitcoin is new in terms of an investment and the future is unpredictable, to be honest people don't have faith in bitcoin.

Agreed, most users have the same thinking. The price fluctuation happening without being stable for a long time is the major reason for which users hesitate to be a part of bitcoin.

That is one of the reason for sure and the other major factor is it hasn't received a green signal from the Government and if it does then we can find many new investors in future.

To be quite frank, I've thought about this, and the volatility only really precludes those who would buy it as a speculative investment or inflationary hedge. Others who might buy it are the hobbyists (like stamp-collectors and, to a large extent, me).

Volatility and green lights are no barriers to the ordinary masses investing in bitcoin if only there were proper, tangible uses for the thing. I've been walking around the streets looking at merchants thinking "why don't you accept BTC". Especially the irksome ones who don't even accept VISA, either because they are tax evading or just plain dumb. But at essentially 6p per transaction where VISA only require about 2-3p, and even then merchants throw on all sorts of punitive measures like "50p extra charge; minimum £10,000,000... spend; etc", bitcoin just does not look feasible, sadly. Fees need to decrease; wait for Segwite; wait for off-chain solutions. And reduce the number of miners and things might improve. People have to be disincentivised to mine. But that may well come in 10 days' time.

I agree with you on this.  And well the major  thing that stopping people to use BTC is the access to internet.  If you don't have internet you can't access BTC period.  Though some try to be innovative and use bluetooth  to create a transaction offline but the bottom line, still need the internet to connect to network and sync the transaction.  And not all have access to INTERNET!  I think I gone too literal on this lol.

i think in present time internet is not a big problem i think internet is available ever where but there are some other issues that stopping people from bitocin. of the reason is that if you earn bitcoin from a signature campaign. and then you convert your money into dollar or any other currency. they you are using bank for withdraw the banks wants the source of income what will you do then as bitcoin is not legal and there is no tax on bitoicn.

[numismatist]

To quote a good friend of mine, "because it doesn't have the backing [I kid you not] of government if it fails: no FSCS protection, etc...".

Or, variously, "I trust the government"

Madness.

"Madness" you say mentioning the government. Well, by my kind apologies just pointing out (you are from UK, right?) not all Govs are like that, like yours