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Author Topic: What's stopping people from using bitcoin?  (Read 202106 times)
newcripto
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July 28, 2016, 09:10:54 PM
 #3201

Bitcoin was not having good reputation as pf early fraudulent incident and no backup of legislation. This was main reason which scared a common man to have courage to make step towards Bitcoin. Now situation has changed a lot many countries already started legalization procedure which will boost awareness. I am thinking we will see much more acceptance and usage in coming couple of years.
jamalaezaz
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July 29, 2016, 03:34:21 AM
 #3202

I was thinking the same thing which is why my family are not jumping in bitcoin? first time I talked about it with my brother he said bitcoin is dead, I said wtf? he showed me an article that only was a speculation.

most of families are not ready to trust on bitcoin. just show them your earning. and prove them that bitcoin is alive and growing everyday. and you can earn bitcoin for free. this is the only way you can prove to your family that bitcoin is legit and not dead.
my family was also not ready to believe on bitcoin. but when I  cashed out my first bitcoins and show to my famliy. then they believed that I am not wasting time.

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July 29, 2016, 03:51:20 AM
 #3203

I think the price volatility, lots of incidents related to black market activities and many other anti-government activities are the major cause that's stopping people from using bitcoins.

I don't think BTC price volatility is the primary cause for not using it. But based on my knowledge as of now bitcoins are not accepted by many governments because they can't track the transactions and can't put taxes on to it so many businesses are not taking it as a payment method. Currently, bitcoins are used mostly in online gambling and for some limited online activities.
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July 29, 2016, 11:37:33 AM
 #3204

We need more projects and sites to promote and incentive the use of bitcoin,
because if people don't know about it, the will not use it.

There are already a lot of websites for promoting it and the websites would only promote it to the people on internet, but we need bitcoin to spread in practical world because there are a lot of people who dont use internet or has no online activities so any practical bitcoin project would work great.
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July 29, 2016, 01:22:26 PM
 #3205

We need more projects and sites to promote and incentive the use of bitcoin,
because if people don't know about it, the will not use it.

There are already a lot of websites for promoting it and the websites would only promote it to the people on internet, but we need bitcoin to spread in practical world because there are a lot of people who dont use internet or has no online activities so any practical bitcoin project would work great.
It is true and even if they will use internet but with less attraction with bitcoin they would not be interested in using it, we need to expound to them the real value of using bitcoin and we should start it with our family and relatives.

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July 29, 2016, 01:26:53 PM
 #3206

I think the price volatility, lots of incidents related to black market activities and many other anti-government activities are the major cause that's stopping people from using bitcoins.

I don't think BTC price volatility is the primary cause for not using it. But based on my knowledge as of now bitcoins are not accepted by many governments because they can't track the transactions and can't put taxes on to it so many businesses are not taking it as a payment method. Currently, bitcoins are used mostly in online gambling and for some limited online activities.

Price volatility is the main reason why there are additional person uses bitcoin. Because of the price volatility in bitcoin, we have the opportunity to earn big.

The only institution that don't like the price volatility of bitcoin are those companies/merchants since they are here for business. Also if that merchants are dealing with dollars, it will be hard for them to face the risk of accepting bitcoin as mode of payment.
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July 29, 2016, 01:30:56 PM
 #3207

I think the price volatility, lots of incidents related to black market activities and many other anti-government activities are the major cause that's stopping people from using bitcoins.

I don't think BTC price volatility is the primary cause for not using it. But based on my knowledge as of now bitcoins are not accepted by many governments because they can't track the transactions and can't put taxes on to it so many businesses are not taking it as a payment method. Currently, bitcoins are used mostly in online gambling and for some limited online activities.

Price volatility is the main reason why there are additional person uses bitcoin. Because of the price volatility in bitcoin, we have the opportunity to earn big.

The only institution that don't like the price volatility of bitcoin are those companies/merchants since they are here for business. Also if that merchants are dealing with dollars, it will be hard for them to face the risk of accepting bitcoin as mode of payment.

The last month bitcoin price has stabled. I hope it will stay thst way or increase slowly without bubble building.
Without the big volatility it would attract even mor merchants!
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July 29, 2016, 01:49:10 PM
 #3208

The last month bitcoin price has stabled. I hope it will stay thst way or increase slowly without bubble building.
Without the big volatility it would attract even mor merchants!

Wrong. Big volatility can't attract the merchants. If that's so then why big merchants still not accepting bitcoin as mode of payment? There are lots of big fluctuations already happen since the began of bitcoin.

Also no such thing as price stable but rather slow increase and decrease.
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July 29, 2016, 01:55:28 PM
 #3209

We need more projects and sites to promote and incentive the use of bitcoin,
because if people don't know about it, the will not use it.

There are already a lot of websites for promoting it and the websites would only promote it to the people on internet, but we need bitcoin to spread in practical world because there are a lot of people who dont use internet or has no online activities so any practical bitcoin project would work great.
When some portion of people do not have access to Internet then bitcoin has nothing to do with them. Even for mobile payments you must have Internet access. So, the primary eligibility to adopt bitcoin, you must have Internet access. But I agree we need more projects to spread out bitcoin to more new people to make them adopt bitcoin system.
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July 29, 2016, 02:34:26 PM
 #3210

I think the price volatility, lots of incidents related to black market activities and many other anti-government activities are the major cause that's stopping people from using bitcoins.

I don't think BTC price volatility is the primary cause for not using it. But based on my knowledge as of now bitcoins are not accepted by many governments because they can't track the transactions and can't put taxes on to it so many businesses are not taking it as a payment method. Currently, bitcoins are used mostly in online gambling and for some limited online activities.

Price volatility is the main reason why there are additional person uses bitcoin. Because of the price volatility in bitcoin, we have the opportunity to earn big.


Between the inside of volatility is having the advantages for who can exploit them for making a profit and there is another person who cannot exploit the volatility and then they never getting anything from them and choosing to surrender.

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July 29, 2016, 02:40:12 PM
 #3211

I think the price volatility, lots of incidents related to black market activities and many other anti-government activities are the major cause that's stopping people from using bitcoins.

I don't think BTC price volatility is the primary cause for not using it. But based on my knowledge as of now bitcoins are not accepted by many governments because they can't track the transactions and can't put taxes on to it so many businesses are not taking it as a payment method. Currently, bitcoins are used mostly in online gambling and for some limited online activities.

Price volatility is the main reason why there are additional person uses bitcoin. Because of the price volatility in bitcoin, we have the opportunity to earn big.


Between the inside of volatility is having the advantages for who can exploit them for making a profit and there is another person who cannot exploit the volatility and then they never getting anything from them and choosing to surrender.

Hmzz, this is something often taking place and will continue to happen if there are people who have very high levels of giving up easily. In the economy there is no word of surrender which will win, that there is who hold the appeal and keep trying he was a winner and will be awarded the prize that is a terrific success.
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July 29, 2016, 02:50:51 PM
 #3212

We need more projects and sites to promote and incentive the use of bitcoin,
because if people don't know about it, the will not use it.

There are already a lot of websites for promoting it and the websites would only promote it to the people on internet, but we need bitcoin to spread in practical world because there are a lot of people who dont use internet or has no online activities so any practical bitcoin project would work great.
When some portion of people do not have access to Internet then bitcoin has nothing to do with them. Even for mobile payments you must have Internet access. So, the primary eligibility to adopt bitcoin, you must have Internet access. But I agree we need more projects to spread out bitcoin to more new people to make them adopt bitcoin system.
beside these there are so many other reasons which are stopping people from using bitcoin for example the knowledge about bitcoin as most of he people have no knowledge about bitcoin therefore they do not use it, th legalization problem as most of the countries have yet not legalize bitcoin some people are relucting to use it. in most of the area there are no such shops where people can use bitcoin for shopping.
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July 29, 2016, 11:58:04 PM
 #3213

I think the price volatility, lots of incidents related to black market activities and many other anti-government activities are the major cause that's stopping people from using bitcoins.

I don't think BTC price volatility is the primary cause for not using it. But based on my knowledge as of now bitcoins are not accepted by many governments because they can't track the transactions and can't put taxes on to it so many businesses are not taking it as a payment method. Currently, bitcoins are used mostly in online gambling and for some limited online activities.
The price volatility of bitcoin is a concern for the merchants to accept bitcoin payments. When they are accepting bitcoin payments and if the price of bitcoin get lowered then they might incur losses. Also, the pending approvals from the government is a big concern for many people, and they are still waiting for any view from their government to start using bitcoins.

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July 30, 2016, 12:01:46 AM
 #3214

One of the main reasons definitely is that there are too few merchants and shops which accept Bitcoin. Why should somebody "normal" use Bitcoin as payment option when it is hard to spend them?
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July 30, 2016, 12:08:17 AM
 #3215

One of the main reasons definitely is that there are too few merchants and shops which accept Bitcoin. Why should somebody "normal" use Bitcoin as payment option when it is hard to spend them?

There are in fact quite a bit sites where you can spend your coins online, and it's only spreading. However, the issue here is that people want to spend their coins locally in stores where they can buy their daily needs. I am quite sure that when local stores are adding Bitcoin as payment tool that much more people are willing to spend their coins.
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July 30, 2016, 02:23:37 AM
 #3216

One of the main reasons definitely is that there are too few merchants and shops which accept Bitcoin. Why should somebody "normal" use Bitcoin as payment option when it is hard to spend them?

There are in fact quite a bit sites where you can spend your coins online, and it's only spreading. However, the issue here is that people want to spend their coins locally in stores where they can buy their daily needs. I am quite sure that when local stores are adding Bitcoin as payment tool that much more people are willing to spend their coins.

Well that's the main reason now and we know about it. Each country is having hard time to adopt bitcoins especially the stores that they have in their places. But that is not going to be a problem in the future, once the government is going to implement the use of bitcoin, then local stores are going to be forced to use bitcoin.



 

 

 

 

 

 


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July 30, 2016, 03:03:49 AM
 #3217

One of the main reasons definitely is that there are too few merchants and shops which accept Bitcoin. Why should somebody "normal" use Bitcoin as payment option when it is hard to spend them?

There are in fact quite a bit sites where you can spend your coins online, and it's only spreading. However, the issue here is that people want to spend their coins locally in stores where they can buy their daily needs. I am quite sure that when local stores are adding Bitcoin as payment tool that much more people are willing to spend their coins.

Well that's the main reason now and we know about it. Each country is having hard time to adopt bitcoins especially the stores that they have in their places. But that is not going to be a problem in the future, once the government is going to implement the use of bitcoin, then local stores are going to be forced to use bitcoin.

Well you are right the government has a big role in bitcoin industry. If the government ban bitcoins in their country then that country's citizen will not use bitcoins.

Possibly if the government promotes the use of bitcoin there are no more hindrance to the increase of bitcoins economy.
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July 30, 2016, 03:52:47 AM
 #3218

One of the main reasons definitely is that there are too few merchants and shops which accept Bitcoin. Why should somebody "normal" use Bitcoin as payment option when it is hard to spend them?

There are in fact quite a bit sites where you can spend your coins online, and it's only spreading. However, the issue here is that people want to spend their coins locally in stores where they can buy their daily needs. I am quite sure that when local stores are adding Bitcoin as payment tool that much more people are willing to spend their coins.

Well that's the main reason now and we know about it. Each country is having hard time to adopt bitcoins especially the stores that they have in their places. But that is not going to be a problem in the future, once the government is going to implement the use of bitcoin, then local stores are going to be forced to use bitcoin.

Well you are right the government has a big role in bitcoin industry. If the government ban bitcoins in their country then that country's citizen will not use bitcoins.

Possibly if the government promotes the use of bitcoin there are no more hindrance to the increase of bitcoins economy.

And how you can define the government has a big role in bitcoin industry? ???maybe, if the government is ban bitcoin in their country, their civilians will always use bitcoin until the government included the activities is having relationships with bitcoin in the illegal activities listed.

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Aamir1
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July 30, 2016, 08:40:14 AM
 #3219

One of the main reasons definitely is that there are too few merchants and shops which accept Bitcoin. Why should somebody "normal" use Bitcoin as payment option when it is hard to spend them?

Obviously.
Normal people (non-technical i mean) usually likes to use just the things that are available in their daily lives, why would they like to use something that is hardly spendable around them or if there is no place accepting it no one would take any interest in it.
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July 30, 2016, 04:14:17 PM
 #3220

One of the main reasons definitely is that there are too few merchants and shops which accept Bitcoin. Why should somebody "normal" use Bitcoin as payment option when it is hard to spend them?

There are in fact quite a bit sites where you can spend your coins online, and it's only spreading. However, the issue here is that people want to spend their coins locally in stores where they can buy their daily needs. I am quite sure that when local stores are adding Bitcoin as payment tool that much more people are willing to spend their coins.
Most of the people tend to not use bitcoin for the reason that they don't know about it and they aren't willing to learn about it. If the media is to help us publicize about bitcoin, then certainly there would be a surge in bitcoin users but they wouldn't do it unless there's any profitable story like from dirt-poor to billionaire status because of bitcoins.

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