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Author Topic: What's stopping people from using bitcoin?  (Read 202112 times)
coin_gambler
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July 02, 2016, 11:50:56 PM
 #2741

Well I think the one that is stopping people from using bitcoin is the media I think. They always relate bitcoin to drugs and that is what's stopping people to use bitcoin.
thats the thing that stops people the most, in my opinion if there werent such huge media influence the bitcoin adoption would be way faster as more people would be interested in bitcoins

i think also people stop themselves from using bitcoin especially if they think that bitcoin use might be illegal and they are worried to use it in order not to have trouble with law

 
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teilwalL05
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July 03, 2016, 05:00:38 AM
 #2742

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.

It's not for being a good listener or follower. They truly wants to know more about bitcoin that's why he is able to get some of advance information with only basics information as a start.

Also those person that having a hard time to cope up for really a long time teaching is really not serious about knowing bitcoin more. All they know is just to earn.

Haha! exactly what I've experience, the last time my brother wants me to learn about how to use bitcoin, then I can't understand everything so, nothing came into my mind but I just really want to earn. But when I actually really want to know about it i forced him to teach me and make me understand  what he is teaching me. Then now, I actually know how it works. Smiley
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July 03, 2016, 07:56:48 AM
 #2743

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.

It's not for being a good listener or follower. They truly wants to know more about bitcoin that's why he is able to get some of advance information with only basics information as a start.

Also those person that having a hard time to cope up for really a long time teaching is really not serious about knowing bitcoin more. All they know is just to earn.

Haha! exactly what I've experience, the last time my brother wants me to learn about how to use bitcoin, then I can't understand everything so, nothing came into my mind but I just really want to earn. But when I actually really want to know about it i forced him to teach me and make me understand  what he is teaching me. Then now, I actually know how it works. Smiley

That's how everyone learns, slowly and steadily. I too took a lot of time to know what this is and how it works, but in the end, I am know a somewhat knowledgeable person about bitcoins and can tell everyone about this without hesitating on any topic.
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July 03, 2016, 03:57:42 PM
 #2744

Well I think the one that is stopping people from using bitcoin is the media I think. They always relate bitcoin to drugs and that is what's stopping people to use bitcoin.
thats the thing that stops people the most, in my opinion if there werent such huge media influence the bitcoin adoption would be way faster as more people would be interested in bitcoins

i think also people stop themselves from using bitcoin especially if they think that bitcoin use might be illegal and they are worried to use it in order not to have trouble with law
i think in preset time the first most reason is that people cannot use bitoicn in bazaar and market like other local currencies. they is why people are avoiding to use it and even to accept it from other. there are a few shops in some area who are accepting bitcoin in the shops for shopping.
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July 03, 2016, 04:07:52 PM
 #2745

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.

It's not for being a good listener or follower. They truly wants to know more about bitcoin that's why he is able to get some of advance information with only basics information as a start.

Also those person that having a hard time to cope up for really a long time teaching is really not serious about knowing bitcoin more. All they know is just to earn.

Haha! exactly what I've experience, the last time my brother wants me to learn about how to use bitcoin, then I can't understand everything so, nothing came into my mind but I just really want to earn. But when I actually really want to know about it i forced him to teach me and make me understand  what he is teaching me. Then now, I actually know how it works. Smiley

That's how everyone learns, slowly and steadily. I too took a lot of time to know what this is and how it works, but in the end, I am know a somewhat knowledgeable person about bitcoins and can tell everyone about this without hesitating on any topic.

if the people will good knowledge about bitcoin start some academies and give lectures about that then within a shortest time a lot of people will get knowledge about bitcoin and will not hate bitcoin any more
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July 03, 2016, 04:56:35 PM
 #2746

The main reason is the people get carried away with the news that they hear about the bitcoin, and I think they should start researching on their own and that will show them the clear picture of bitcoin.
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July 04, 2016, 12:35:35 AM
 #2747

Knowledge about its existence for one? Other than that they are probably just waiting for it to become more used overall.

The moment they can use it to buy anything on/offline then it will be the number one form of transactions for sure.
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July 04, 2016, 01:25:07 AM
 #2748

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.

It's not for being a good listener or follower. They truly wants to know more about bitcoin that's why he is able to get some of advance information with only basics information as a start.

Also those person that having a hard time to cope up for really a long time teaching is really not serious about knowing bitcoin more. All they know is just to earn.

Haha! exactly what I've experience, the last time my brother wants me to learn about how to use bitcoin, then I can't understand everything so, nothing came into my mind but I just really want to earn. But when I actually really want to know about it i forced him to teach me and make me understand  what he is teaching me. Then now, I actually know how it works. Smiley
hahaha a lot of people has the same thing, in the mind only full with the way to earn,earn and ear. well just teaching if they can earn money from bitcoin for free and using this statement to lure it. I sure everybody will be interested in falling into them. but I have the same experience with you with my brother.

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July 04, 2016, 02:11:49 AM
 #2749

For me 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
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July 04, 2016, 02:17:57 AM
 #2750

For me 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


 I don't think so that the increase in bitcoin price will disappoint any person and yeah may they stop when they all their bitcoin in bitcoin but it is not necessary..
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July 04, 2016, 02:36:02 AM
 #2751

Knowledge about its existence for one? Other than that they are probably just waiting for it to become more used overall.

The moment they can use it to buy anything on/offline then it will be the number one form of transactions for sure.

So the thing that stops people is that they doubt bitcoin. They doubt the fact that bitcoin is really used for online transactions.
On the convenience that it can give to the people.

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teilwalL05
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July 04, 2016, 03:19:17 AM
 #2752

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.

It's not for being a good listener or follower. They truly wants to know more about bitcoin that's why he is able to get some of advance information with only basics information as a start.

Also those person that having a hard time to cope up for really a long time teaching is really not serious about knowing bitcoin more. All they know is just to earn.

Haha! exactly what I've experience, the last time my brother wants me to learn about how to use bitcoin, then I can't understand everything so, nothing came into my mind but I just really want to earn. But when I actually really want to know about it i forced him to teach me and make me understand  what he is teaching me. Then now, I actually know how it works. Smiley
hahaha a lot of people has the same thing, in the mind only full with the way to earn,earn and ear. well just teaching if they can earn money from bitcoin for free and using this statement to lure it. I sure everybody will be interested in falling into them. but I have the same experience with you with my brother.

well, I think all of us experience what I've also does. At first it was really hard for me to understand everything because I am not really interested with bitcoin. But when my brother explain it to me carefully, little by little i am interested with it until I actually understand how it works. Smiley
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July 04, 2016, 03:33:47 AM
 #2753

Knowledge about its existence for one? Other than that they are probably just waiting for it to become more used overall.

The moment they can use it to buy anything on/offline then it will be the number one form of transactions for sure.

So the thing that stops people is that they doubt bitcoin. They doubt the fact that bitcoin is really used for online transactions.
On the convenience that it can give to the people.

I am not sure it is because they doubt the mechanism of bitcoin. Bitcoin works, there is nothing and no one who can bring arguments in the discussion that it don't.
Bitcoin being votatile is a big problem I think. People want it simple. I buy 200 euro of bitcoins so I can spend 200 euro of money. The volatility scares them.
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July 04, 2016, 06:02:06 AM
 #2754

I am not sure it is because they doubt the mechanism of bitcoin. Bitcoin works, there is nothing and no one who can bring arguments in the discussion that it don't.
Bitcoin being votatile is a big problem I think. People want it simple. I buy 200 euro of bitcoins so I can spend 200 euro of money. The volatility scares them.

Well ... It is clear that investing in Bitcoin is beneficial, but do not rush to spend all the savings, Bitcoin past achievements do not guarantee you results in the future.
Even far from Bitcoin known events of 2013, then made the leap to the Bitcoin $ 100 to $ 1200. And just a year later he again was worth $ 200.
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July 04, 2016, 06:14:14 AM
 #2755

Knowledge about its existence for one? Other than that they are probably just waiting for it to become more used overall.

The moment they can use it to buy anything on/offline then it will be the number one form of transactions for sure.

So the thing that stops people is that they doubt bitcoin. They doubt the fact that bitcoin is really used for online transactions.
On the convenience that it can give to the people.

I am not sure it is because they doubt the mechanism of bitcoin. Bitcoin works, there is nothing and no one who can bring arguments in the discussion that it don't.
Bitcoin being votatile is a big problem I think. People want it simple. I buy 200 euro of bitcoins so I can spend 200 euro of money. The volatility scares them.

I guess that is their problem. The price changes. But there should be thinking out of the box. Like questions of: What if this price changes will be the one reason so that I can earn more.
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July 04, 2016, 06:27:07 AM
 #2756

Knowledge about its existence for one? Other than that they are probably just waiting for it to become more used overall.

The moment they can use it to buy anything on/offline then it will be the number one form of transactions for sure.

So the thing that stops people is that they doubt bitcoin. They doubt the fact that bitcoin is really used for online transactions.
On the convenience that it can give to the people.
actually the people have no knowledge about bitocin. that is why they dont like it. i think they are should be properly trained about bitocin hope that they will then not hating them and they will start using it. if we also give them opportunities like to open shops
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July 04, 2016, 06:36:56 AM
 #2757

Knowledge about its existence for one? Other than that they are probably just waiting for it to become more used overall.

The moment they can use it to buy anything on/offline then it will be the number one form of transactions for sure.

So the thing that stops people is that they doubt bitcoin. They doubt the fact that bitcoin is really used for online transactions.
On the convenience that it can give to the people.
actually the people have no knowledge about bitocin. that is why they dont like it. i think they are should be properly trained about bitocin hope that they will then not hating them and they will start using it. if we also give them opportunities like to open shops

That's it why people are not using or stopping from using bitcoin is that they are really lack of knowledge about bitcoin.
But once they already knew something or the good effects of using bitcoin.
For sure they are going to use it.

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July 04, 2016, 07:12:07 AM
 #2758

Knowledge about its existence for one? Other than that they are probably just waiting for it to become more used overall.

The moment they can use it to buy anything on/offline then it will be the number one form of transactions for sure.

So the thing that stops people is that they doubt bitcoin. They doubt the fact that bitcoin is really used for online transactions.
On the convenience that it can give to the people.
For those who know bitcoin. yeah.
But the main problem we have is majority of people don't know bitcoin so they can't use the things they don't know. That's the wall we have why other people don't use bitcoin.
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July 04, 2016, 10:51:58 AM
 #2759

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?
i think most people dont trust bitcoin etc because:
1) its a new thing pretty much,people dont trust new things
2) its in web,people dont trust anyone in web too (in most cases)
3) Its too pretty to be true? a lot of my friends thinks like that
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July 04, 2016, 02:03:30 PM
 #2760

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?
i think most people dont trust bitcoin etc because:
1) its a new thing pretty much,people dont trust new things
2) its in web,people dont trust anyone in web too (in most cases)
3) Its too pretty to be true? a lot of my friends thinks like that
how can you say that the price of bitcoin are stable now. you can see that on previous day the price of bitcoin reached to 700 USD and on next day the price decrease to 650 USD. now the rate is again touching 700 USD. So how can we call it stable i think it is a flexible rate and t a stable one.
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