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Author Topic: What's stopping people from using bitcoin?  (Read 202148 times)
boyptc
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July 13, 2016, 12:50:42 AM
 #2961

As bitcoin is completely anonymous and decentralized more users think that bitcoin is used for illegal activities. On this basis people avoid it and stand away from it, though it has highest price than any other currency that have existed.
Every currency is used for both legal and illegal purposes. It depend on the activity and the people. At times for legal works, money is used for illegal purposes. It  does not require government's authority. It does not happen only with BTC.

Yes you are right and I think that is not fair at all that you are going to think that bitcoin is used for illegal transactions.
How about the real money it is also used for illegal purposes.
You must be transparent on it because we know the truth that anything involves money there's an illegal transaction.
The main problem around bitcoin besides the media expose it, as a darkeness way to be used, is all countries are against it, even when USA looks to be taxing the bitcoins already. But one thing is sure people afraid of going jail, and try to avoid it as its connected just to ilegal transactions.

As long as you are not connected to illegal transactions. Then you are safe at all. But for those people who are just starting their journey with bitcoins then for sure they are just going to stop at all whenever they heard some negative thoughts about bitcoin.

wuvdoll
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July 13, 2016, 04:45:26 PM
 #2962

Bitcoin is much more complicated than fiat is.
I think it is the main reason why most people hav not tried bitcoin yet.

It is not that complicated if you are just a currency user. It is just like using a credit card or paypal. It will be complicated if you are a developer or at least a miner, you will have to deal with a lot of technicalities. But for normal user, it is just receive and send bitcoins. And we can just use online wallet.
That is correct using bitcoin is not complicated i think the people who are saying bitcoin is complicated they only make things complicated even it is not.
For me it is very convenient to use sending money, paying bills and receiving money for other users.

Maybe they are just too lazy to learn something new. And bitcoin is quite a new idea to them. They are not willing to embrace something that is new to them. But I think, if people will just give it even a little try, they will appreciate the good things that bitcoin offers to its users.
Actually there are many reasons why people stop using bitcoin. I often know that a person stops using bitcoin is because they are busy with real work so there is no time to use bitcoin again. Perhaps that was the reason that most people say.
I agree some people is getting bored with real jobs,because they must spend a part of their time to went to their office, and a lot of their time is wasted on the things that are not important.
thats true, my job is really boring to be honest and i would really like to work for bitcoins, in my opinion in this way we would attract a lot of people to bitcoins
If you really are bored with your day job, then why not just quit it and pursue going full time with bitcoins? I mean, if you're going to be much happier with bitcoins, then why not. I wouldn't want to work for something that I don't like to do, if I were you.
avw1982
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July 13, 2016, 04:50:37 PM
 #2963

As bitcoin is completely anonymous and decentralized more users think that bitcoin is used for illegal activities. On this basis people avoid it and stand away from it, though it has highest price than any other currency that have existed.
Every currency is used for both legal and illegal purposes. It depend on the activity and the people. At times for legal works, money is used for illegal purposes. It  does not require government's authority. It does not happen only with BTC.


I believe is that lack of places to spend bitcoin, In my country i can hardly buy anything from bitcoin, mostly i can just store and exchange and nothing beyond that. If i could live without fiat i would do that, but only thing stopping me from using it is unavailability to spend. I blame this on media and governments. From media we get that everything can be hacked, and we all know the governments part.
amine14madrid
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July 13, 2016, 05:01:16 PM
 #2964

As bitcoin is completely anonymous and decentralized more users think that bitcoin is used for illegal activities. On this basis people avoid it and stand away from it, though it has highest price than any other currency that have existed.
Every currency is used for both legal and illegal purposes. It depend on the activity and the people. At times for legal works, money is used for illegal purposes. It  does not require government's authority. It does not happen only with BTC.


I believe is that lack of places to spend bitcoin, In my country i can hardly buy anything from bitcoin, mostly i can just store and exchange and nothing beyond that. If i could live without fiat i would do that, but only thing stopping me from using it is unavailability to spend. I blame this on media and governments. From media we get that everything can be hacked, and we all know the governments part.
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.
langedwig
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July 13, 2016, 05:09:28 PM
 #2965

I think people just don't see it as an actual currency. Also it goes up and down in price all the time. Few shops will honor the payment when they see the transaction on the blockchain (within seconds) but for larger purchases retailer needs 3+ confirmation which sometimes ends up being an hour.
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July 13, 2016, 05:53:21 PM
 #2966

Maybe some people just do not believe in the future and do not think that they are going to see as much profit as they can. I am not going to stop using Bitcoin because for me it has become a part of my soul. 
MinerHQ
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July 13, 2016, 06:17:19 PM
 #2967

I think people just don't see it as an actual currency. Also it goes up and down in price all the time. Few shops will honor the payment when they see the transaction on the blockchain (within seconds) but for larger purchases retailer needs 3+ confirmation which sometimes ends up being an hour.
Yes, the main price of the Bitcoin is stopping people from using Bitcoin. This will fluctuate daily, and we don't know when it will go down. And one more thing our country government is not accepting Bitcoin as a legal currency. So is govt accept Bitcoin as a legal currency then no one can stop people from using Bitcoin.
langedwig
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July 13, 2016, 06:27:47 PM
 #2968

Unless people have come across certain rules and regulations on using the btc by the government, people would use the btc.  People love to use the btc for many things. It is just the fear that is stopping people to use the btc.
langedwig
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July 13, 2016, 06:29:50 PM
 #2969

I think people just don't see it as an actual currency. Also it goes up and down in price all the time. Few shops will honor the payment when they see the transaction on the blockchain (within seconds) but for larger purchases retailer needs 3+ confirmation which sometimes ends up being an hour.
Yes, the main price of the Bitcoin is stopping people from using Bitcoin. This will fluctuate daily, and we don't know when it will go down. And one more thing our country government is not accepting Bitcoin as a legal currency. So is govt accept Bitcoin as a legal currency then no one can stop people from using Bitcoin.
At times the price fluctuation stops people to spend the btc they have. If the price goes up then, they wait and spend. If the price is less, then they go for buying more btc to save for profits. The price fluctuation can be an another reason for not using it.
Vikingr
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July 13, 2016, 06:31:11 PM
 #2970

As bitcoin is completely anonymous and decentralized more users think that bitcoin is used for illegal activities. On this basis people avoid it and stand away from it, though it has highest price than any other currency that have existed.
Every currency is used for both legal and illegal purposes. It depend on the activity and the people. At times for legal works, money is used for illegal purposes. It  does not require government's authority. It does not happen only with BTC.

You are right almost all of the currencies are used for legal and illegal activities including bitcoin, but people are blaming bitcoin more because they are of the view that bitcoin transaction is anonymous and with that the criminals do their crimes to buy drugs and weapons while hiding their identity.
langedwig
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July 13, 2016, 06:31:21 PM
 #2971

Maybe some people just do not believe in the future and do not think that they are going to see as much profit as they can. I am not going to stop using Bitcoin because for me it has become a part of my soul. 
More do not see the benefits of holding it or saving them for a long time. Once the btc is saved and exchanged when the price goes high, they will see a good profit out of what they have saved. It is always welcomed to wait for a profit gain.
richardsNY
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July 13, 2016, 06:33:32 PM
 #2972

Unless people have come across certain rules and regulations on using the btc by the government, people would use the btc.  People love to use the btc for many things. It is just the fear that is stopping people to use the btc.

It's fear that's stopping people from using Bitcoin? People should be fearing the constantly decreasing fiat value. Their wealth is becoming lower and lower even though the amount of money that they have stored is the same. People should be glad to have an option as Bitcoin to store their money in.
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July 13, 2016, 06:35:35 PM
 #2973

Lack of knowledge is an major issue here, as if person is not aware about it then we cannot expect that they will start using bitcoins as its new to them and they have fear of loosing their money.
zodin
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July 13, 2016, 09:18:06 PM
 #2974

As bitcoin is completely anonymous and decentralized more users think that bitcoin is used for illegal activities. On this basis people avoid it and stand away from it, though it has highest price than any other currency that have existed.
Every currency is used for both legal and illegal purposes. It depend on the activity and the people. At times for legal works, money is used for illegal purposes. It  does not require government's authority. It does not happen only with BTC.


I believe is that lack of places to spend bitcoin, In my country i can hardly buy anything from bitcoin, mostly i can just store and exchange and nothing beyond that. If i could live without fiat i would do that, but only thing stopping me from using it is unavailability to spend. I blame this on media and governments. From media we get that everything can be hacked, and we all know the governments part.

all most every person is facing this problem. the lave of facilities the shopping centers. but hope that in near future all these problems must be take to solve these problems.
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July 13, 2016, 09:24:13 PM
 #2975

As bitcoin is completely anonymous and decentralized more users think that bitcoin is used for illegal activities. On this basis people avoid it and stand away from it, though it has highest price than any other currency that have existed.
Every currency is used for both legal and illegal purposes. It depend on the activity and the people. At times for legal works, money is used for illegal purposes. It  does not require government's authority. It does not happen only with BTC.


I believe is that lack of places to spend bitcoin, In my country i can hardly buy anything from bitcoin, mostly i can just store and exchange and nothing beyond that. If i could live without fiat i would do that, but only thing stopping me from using it is unavailability to spend. I blame this on media and governments. From media we get that everything can be hacked, and we all know the governments part.

all most every person is facing this problem. the lave of facilities the shopping centers. but hope that in near future all these problems must be take to solve these problems.

I don't think that people are not using bitcoin for the reason that they cannot spend it, as they can sell it and convert it to fiat anytime they want.
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July 14, 2016, 05:42:36 PM
 #2976

I just wanted to do the Real Thing. Paying by CC is paying by CC.
But to fund it you didn't put cash on it, instead of that you loaded your bitcoin debit card with bitcoin which i doubt anyone would ever think about this.
P.S I was thinking that people have stopped using bitcoin maybe because of the holidays time this month until September or so.
I guess it's a good thing that there are many companies that sell BTC debit cards like for example: spectrocoin, right?

There are many companies that offer bitcoin debit cards but first, you should check:
  • Are they able to send you the bitcoin card in your country because not ships worldwide
  • Then you should check for the fees, most of them have different fees.
  • Withdrawal limit, some have low amounts some high depending if you are using as anonymous or as verified user.
Some of the companies that offer bitcoin debit cards are: spectrocoin, bit-x, e-coin, xapo etc.
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July 14, 2016, 05:55:28 PM
 #2977

Some people are just skeptical about Bitcoin and they think of it as magical Internet money and hesitate to try it out. Bitcoin is still not mainstream to warrant a more widespread adoption.
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July 14, 2016, 06:36:07 PM
 #2978

For people, it means choosing between a form of money that they've been familiar with for a long time and something that is new. Also, knowledge about bitcoin is not enough. Because, if they don't fully understand what bitcoin is, and its potential and  advantages, they really won't be interested in using it.

To make bitcoin more secure and accessible, new features and services are being developed. Improvements in these areas will make people more comfortable using bitcoin.
langedwig
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July 14, 2016, 06:36:12 PM
 #2979

I would say it just because of the government and their rules they made for using it. The fear the to going over the rules stops people using the btc. I dont thing any other reason would stop people to use.
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July 14, 2016, 06:48:31 PM
 #2980

I would say it just because of the government and their rules they made for using it. The fear the to going over the rules stops people using the btc. I dont thing any other reason would stop people to use.

That can be one reason and other reason could be that they have fear of loosing their money in it, as many people feel that bitcoin is an scam and will not survive in long term.

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