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Author Topic: What's stopping people from using bitcoin?  (Read 202122 times)
peta4e
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July 18, 2016, 04:39:47 PM
 #3061

only the misconception and misinformation are stopping people to use bitcoin, price volatility is not the reason nor the security issues.
i think that is not the only reason, the media spreads the information that bitcoins are a bad thing that is used for doing only illegal things and i think that it really keeps people from investing

Media and Governments have played and key role in spreading negative publicity related to bitcoin and people follow both of them and that is the reason they hesitate in investing.
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July 18, 2016, 05:19:54 PM
 #3062

only the misconception and misinformation are stopping people to use bitcoin, price volatility is not the reason nor the security issues.
i think that is not the only reason, the media spreads the information that bitcoins are a bad thing that is used for doing only illegal things and i think that it really keeps people from investing

Media and Governments have played and key role in spreading negative publicity related to bitcoin and people follow both of them and that is the reason they hesitate in investing.

This is what I see too, media only focuses on something if it see's negative event and think that people will take notice due to the impact the event had cause.  All this media cares is their scoop and the interest it can gather.  I wonder why they don't focus on good stuff Bitcoin is being used, like charity and other good deeds.  So this is the reason why people are hesitating, media only covers half truth.
darklus123
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July 19, 2016, 02:55:06 PM
 #3063

so many reason, for example: they got bored , they think they dont need bitcoin anymore, they think that bitcoin dont have bright future (i believe bitcoin have bright future)

 Because bitcoin nowadays is more in gambling and ponzi scam.  I hope that this image will be removed soon.

You are right! And we all know that people now that is going to heard the word ponzi or scam they are going to doubt immediately and going to avoid anything that is related into it.
And it is really destroying bitcoins image because of those scams.


i guess this is happening because people are taking advantage one of the main feature of bitcoin, which is the anonymity of user that bitcoin provides, I am not saying that they should remove this one because it is really good but it causes problem in terms of scamming.
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July 19, 2016, 02:58:27 PM
 #3064

so many reason, for example: they got bored , they think they dont need bitcoin anymore, they think that bitcoin dont have bright future (i believe bitcoin have bright future)

 Because bitcoin nowadays is more in gambling and ponzi scam.  I hope that this image will be removed soon.

You are right! And we all know that people now that is going to heard the word ponzi or scam they are going to doubt immediately and going to avoid anything that is related into it.
And it is really destroying bitcoins image because of those scams.


i guess this is happening because people are taking advantage one of the main feature of bitcoin, which is the anonymity of user that bitcoin provides, I am not saying that they should remove this one because it is really good but it causes problem in terms of scamming.
Yeah this is one of the reason why people are keep scam using bitcoin.. but anonymity still good for other for good reason they want to gamble using bitcoin..



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eddyubachs
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July 19, 2016, 02:59:07 PM
 #3065

only the misconception and misinformation are stopping people to use bitcoin, price volatility is not the reason nor the security issues.
i think that is not the only reason, the media spreads the information that bitcoins are a bad thing that is used for doing only illegal things and i think that it really keeps people from investing

Media and Governments have played and key role in spreading negative publicity related to bitcoin and people follow both of them and that is the reason they hesitate in investing.

This is what I see too, media only focuses on something if it see's negative event and think that people will take notice due to the impact the event had cause.  All this media cares is their scoop and the interest it can gather.  I wonder why they don't focus on good stuff Bitcoin is being used, like charity and other good deeds.  So this is the reason why people are hesitating, media only covers half truth.

I think even media is scared of Government and that is the reason they are following Governments too as bitcoin will never get support from Government in future too.
Whosdaddy
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July 20, 2016, 01:51:48 AM
 #3066

The volatility of the price. If the price is not steady, we will not hold and use bitcoin as we do not know the purchasing power tomorrow.
Yes this might be the reason but i think the main reason is the less knowledge about bitcoins or ecurrency

The following options are the most common reasons for non tech people to skip Bitcoin.

- Volatility.
- Lack of knowledge.
- They got brainwashed by the media.
- Think Bitcoin is a scam.
Yeah when i was new about bitcoin one of the best reason why i am thiking to stop using bitcoin is the 3rd thinking that bitcoin is scam and i will lose some money when i was bought some bitcoins before..
Thinking like this comes to the minds of newbies especially when they come to read those threads which are against bitcoin and where it is stated that bitcoin died, we should not have to spread rumors like that, so that the success become the future of bitcoin. More over, it is a basic responsibility for every bitcoiner.
terman45x
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July 20, 2016, 01:54:35 AM
 #3067

Price volatility is an major reason for keeping people away from using bitcoin as they have an fear of loosing their money in a long run.
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July 20, 2016, 02:11:35 AM
 #3068

Price volatility is an major reason for keeping people away from using bitcoin as they have an fear of loosing their money in a long run.

It happens with most users who without understanding the true potential starts using and ends up when price decreases. Also these users due to their misunderstanding losses and creates negative thoughts regarding bitcoin. Hearing this too few hesitate to use bitcoin though they were interested.

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July 20, 2016, 02:24:25 AM
 #3069

Price volatility is an major reason for keeping people away from using bitcoin as they have an fear of loosing their money in a long run.
Most of the investor take advantage of the price change and will give them huge profit on that. But some users who are not expose on the trend of the bitcoin price they are start to stop using bitcoin i think.
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July 20, 2016, 02:28:50 AM
 #3070

Price volatility is an major reason for keeping people away from using bitcoin as they have an fear of loosing their money in a long run.
Most of the investor take advantage of the price change and will give them huge profit on that. But some users who are not expose on the trend of the bitcoin price they are start to stop using bitcoin i think.
yes traders loves price fluctuations as it allows them to make regular profits but normal user will hesitate in investing their money into it as they have a fear of loosing it.
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July 20, 2016, 02:45:29 AM
 #3071

The volatility of the price. If the price is not steady, we will not hold and use bitcoin as we do not know the purchasing power tomorrow.
Yes this might be the reason but i think the main reason is the less knowledge about bitcoins or ecurrency

The following options are the most common reasons for non tech people to skip Bitcoin.

- Volatility.
- Lack of knowledge.
- They got brainwashed by the media.
- Think Bitcoin is a scam.
Yeah when i was new about bitcoin one of the best reason why i am thiking to stop using bitcoin is the 3rd thinking that bitcoin is scam and i will lose some money when i was bought some bitcoins before..
That is the lack of knowledge in the start I was also in the hurry to convert my coins to fiat whenever I earned some of them , but after sometime when I learned all about bitcoin, I then do not worry about that and continued to be the part of investors.

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July 20, 2016, 03:03:44 AM
 #3072

Price volatility is an major reason for keeping people away from using bitcoin as they have an fear of loosing their money in a long run.
Most of the investor take advantage of the price change and will give them huge profit on that. But some users who are not expose on the trend of the bitcoin price they are start to stop using bitcoin i think.

Of course big whales are getting profit every time the price of bitcoin is increasing. And it is in their favor. But for the people who doesn't even know how to use bitcoin of course it is going to gain them nothing. So instead of using bitcoin.
They are just stopping it because they don't know how to use it.
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July 20, 2016, 04:30:37 AM
 #3073

Price volatility is an major reason for keeping people away from using bitcoin as they have an fear of loosing their money in a long run.
Most of the investor take advantage of the price change and will give them huge profit on that. But some users who are not expose on the trend of the bitcoin price they are start to stop using bitcoin i think.
yes traders loves price fluctuations as it allows them to make regular profits but normal user will hesitate in investing their money into it as they have a fear of loosing it.

well, it is not all about making profit from trading bitcoin and taking advantage of price fluctuations. but this topic especially is about people "using bitcoin" and not just buying low and dumping high kind of strategy. and using means buying/earning it to have the ability to spend bitcoin instead of fiat on merchants.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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July 20, 2016, 04:48:40 AM
 #3074

Incomplete knowledge of bitcoin is stopping them I think to use bitcoins.
Or may they don't have bitcoins to use
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July 20, 2016, 04:54:38 AM
 #3075

Incomplete knowledge of bitcoin is stopping them I think to use bitcoins.
Or may they don't have bitcoins to use
Yeah, some people have no internet connection thats why they dont know about bitcoin. lack of knowledge and information are some reason why they dont use it.

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July 20, 2016, 05:30:06 AM
 #3076

Incomplete knowledge of bitcoin is stopping them I think to use bitcoins.
Or may they don't have bitcoins to use
Yeah, some people have no internet connection thats why they dont know about bitcoin. lack of knowledge and information are some reason why they dont use it.

it is really hard to use bitcoin if you don't have internet connection. Maybe the main problem why people are not using bitcoin is that.
Because of poverty, how they are going to acquire knowledge with bitcoin if they don't have materials such as computers
and as well as internet connection.

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July 20, 2016, 05:51:57 AM
 #3077

Incomplete knowledge of bitcoin is stopping them I think to use bitcoins.
Or may they don't have bitcoins to use
Yeah, some people have no internet connection thats why they dont know about bitcoin. lack of knowledge and information are some reason why they dont use it.

it is really hard to use bitcoin if you don't have internet connection. Maybe the main problem why people are not using bitcoin is that.
Because of poverty, how they are going to acquire knowledge with bitcoin if they don't have materials such as computers
and as well as internet connection.
You are right, not all people are fortunate enough to have a gadgets or things that can be use to surf online. thats why we are lucky to get a chance to know and use bitcoin.

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July 20, 2016, 05:55:59 AM
 #3078

Incomplete knowledge of bitcoin is stopping them I think to use bitcoins.
Or may they don't have bitcoins to use

I guess so. Many people are not that tech savvy, nor are they caring about the economy either. I guess that is a major part of why the majority of people are not using bitcoins.

But there are tech savvy people and there are economy freaks. So there are an increasing number of users using bitcoin, and with their help, they can make bitcoin more acceptable to the general public.

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July 20, 2016, 06:02:27 AM
 #3079

Incomplete knowledge of bitcoin is stopping them I think to use bitcoins.
Or may they don't have bitcoins to use
Yeah, some people have no internet connection thats why they dont know about bitcoin. lack of knowledge and information are some reason why they dont use it.

it is really hard to use bitcoin if you don't have internet connection. Maybe the main problem why people are not using bitcoin is that.
Because of poverty, how they are going to acquire knowledge with bitcoin if they don't have materials such as computers
and as well as internet connection.
You are right, not all people are fortunate enough to have a gadgets or things that can be use to surf online. thats why we are lucky to get a chance to know and use bitcoin.

That is really hard and it is the fact that poverty is the main reason why people are stopping from using bitcoin. And it is the reality that is happening each day.
So that many are being poor instead of knowing about bitcoin and gain knowledge about it.

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July 20, 2016, 06:04:22 AM
 #3080

Incomplete knowledge of bitcoin is stopping them I think to use bitcoins.
Or may they don't have bitcoins to use
Yeah, some people have no internet connection thats why they dont know about bitcoin. l
It's happened in my country, in here there are many people is not have an internet connection because the big level of social inequality. and there are a lot of poor people in this place is unable to have internet connection because the cost for internet service is very big.

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