People Are Just Too Stupid to Use Bitcoin Right Now

[randy8777]

i kinda agree with this. if you ask people; what exactly is bitcoin? some of them answer with; i bought it because it will grow in the future and i will make a lot profit. if you ask them the same question again, but then more serious, they will admit that they don't know what it is. there are plenty of easy to understand 'how bitcoin works' and 'what is bitcoin' videos on youtube. just a simple search will be enough to find them.

[Wapinter]

It's not just that people just don't like change (unless it's the coin kind).

Intelligence is the ability to adapt to change.  

It has nothing to do with fondness of the change itself.

“Society’s understanding of where money comes from is the real challenge.

Well, among other things, yes. Additionally, what I find weird is when people ask me how Bitcoin works exactly (in-depth) when they don't even understand how the monetary system that they're using works at all.

They dont need to understand how the existing monetary system works because they have inherited it and learnt throughout their growing years.When I first heard about internet,I had lots of questions and confusion because it was a completely new thing to me and had to do lots of reading and research.Now my 12 years old nephew knows all about it without any trouble that I went through to understand it

[Cendassi]

It is not that bad to us Bitcoin now around this time, you have only to choose the right moment to sell your but that is the hardest thing to know when you are want to sell your coins, it is hard to make that choice.
There are a lot of people that has made an investment in Bitcoin but they are waiting a long time to get some good profit with Bitcoin so please wait a bit longer.

[bitbunnny]

To use or not to use Bitcon is not a question of "stupidity" but some peole are very cautious and some are not well informed. Some are not very good with investing or other business options so you can't blame them. More education, more simple and acceptable information about good (and bad) sides of Bitcoin and other cryptocurrencies could help it.

[bargainbin]

...
Well, among other things, yes. Additionally, what I find weird is when people ask me how Bitcoin works exactly (in-depth) when they don't even understand how the monetary system that they're using works at all.

They dont need to understand how the existing monetary system works because they have inherited it and learnt throughout their growing years. ...

+1.
I don't understand how my liver works either, just know that it does. And yet if Anon came up to me wanting to replace my legacy liver with a disruptive one he cooked up in his basement, which is to say a far superior liver, liver of the future, I'd want to figure out how it works before saying yes.

[pereira4]

Yeah I also suggest that you do not use your bitcoin right now. Try to save them so you can sell them at a profit. Why people use their bitcoins to buy some stuff is something I cannot understand.

You can't understand because you use bitcoin as investment, not as currency.
This is reason why bitcoin can't grow at all.

Bitcoin will only grow if we use it as a currency and not just a money for investment,we can help bitcoin grow more if we rotate it more in the market and not just in trading.

Wrong, by this logic it would mean that gold should be dead because no one uses gold as a currency, only as an investment, and the other use cases are anecdotal, most of the gold is keep hoarded as a safe haven to hedge against a collapsing fiat economy. In this sense, Bitcoin can reach trillion of dollars of marketcap by this usage alone. Of course, if it's used in everyday transactions, that's cool too.

[bargainbin]

...
Wrong, by this logic it would mean that gold should be dead because no one uses gold as a currency, only as an investment, and the other use cases are anecdotal, most of the gold is keep hoarded as a safe haven to hedge against a collapsing fiat economy. In this sense, Bitcoin can reach trillion of dollars of marketcap by this usage alone. Of course, if it's used in everyday transactions, that's cool too.

Stop comparing Bitcoin to gold. Gold has thousands & thousands years of history on Bitcoin, that's some first-mover advantage. And gold supply is not randomly and artificially limited, as is the case with Bitcoin.
A far better analogy (both in essence and timeframe) is BTCeanie BTCabies: deliberately limited supply, impractical to use as money, were hoarded because "will maek me milionair!!!"

[BitHodler]

i kinda agree with this. if you ask people; what exactly is bitcoin? some of them answer with; i bought it because it will grow in the future and i will make a lot profit. if you ask them the same question again, but then more serious, they will admit that they don't know what it is. there are plenty of easy to understand 'how bitcoin works' and 'what is bitcoin' videos on youtube. just a simple search will be enough to find them.

People are too lazy to search for information about how Bitcoin works.

They just know enough to farm faucets and cash it all out to fiat, and that's enough for them.

If they at some point get seriously interested in Bitcoin, then they most likely will start to search for information.

[CryptoBjorn]

I do not think they are stupid, I think its more that they are scared of the bitcoin they are scared that the bitcoin is gonna collapse or something.
Although a part is also thinking its difficult if they are using it they understand it pretty fast and every piece is than falling in the right hole.

[dollarneed]

i kinda agree with this. if you ask people; what exactly is bitcoin? some of them answer with; i bought it because it will grow in the future and i will make a lot profit. if you ask them the same question again, but then more serious, they will admit that they don't know what it is. there are plenty of easy to understand 'how bitcoin works' and 'what is bitcoin' videos on youtube. just a simple search will be enough to find them.

People are too lazy to search for information about how Bitcoin works.

They just know enough to farm faucets and cash it all out to fiat, and that's enough for them.

If they at some point get seriously interested in Bitcoin, then they most likely will start to search for information.

even though they knew it, are they really want to adopted bitcoin? there are lot of negative rumors about bitcoin out there,so that they peoples will be scared to invest their money on bitcoin, but only for transaction i think they're will not complain

[Anon_7716]

I think they do not like to change and eventually they do quarrel that is not useful, but I have hopes that each of them could understand clearly about Bitcoin and not taking directly from the talk of someone who just gave the statement is not true. I've heard that there is talk that Bitcoin is a field for the mafia and used for illegal transactions.

[European Central Bank]

It's bitcoin's job to accommodate people like that. They're not gonna change or educate themselves. If bitcoin can't adapt to them then it's not going anywhere.

[knowhow]

Well bitcoin must be spend otherwise there is no meaning to have something that wont spend.I believe this is a good moment to start some projects,as the price should go up soo you will be getting bitcoin for a cheap ammount .

[Adrayrd]

No that is not true, you can see that Bitcoin is good to use and that there are a lot of people that loves to use Bitcoin because it will be the next generation payment method.
And I understand that because it works also easily and that is nice.

[MaritiJames3]

This is just not the time to be spending your bitcoins. The price is changing and it is going up. You should save your bitcoins right now at wait for the price to go up even more. Then you could sell.

[pooya87]

i kinda agree with this. if you ask people; what exactly is bitcoin? some of them answer with; i bought it because it will grow in the future and i will make a lot profit. if you ask them the same question again, but then more serious, they will admit that they don't know what it is. there are plenty of easy to understand 'how bitcoin works' and 'what is bitcoin' videos on youtube. just a simple search will be enough to find them.

People are too lazy to search for information about how Bitcoin works.

They just know enough to farm faucets and cash it all out to fiat, and that's enough for them.

If they at some point get seriously interested in Bitcoin, then they most likely will start to search for information.

even though they knew it, are they really want to adopted bitcoin? there are lot of negative rumors about bitcoin out there,so that they peoples will be scared to invest their money on bitcoin, but only for transaction i think they're will not complain

i agree, on top of all the bitcoin being new technology and people being lazy to change, all these bad publicity that the media has been making for bitcoin has been hurtful and kept bitcoin from being more adopted that this.

[DimensionZ]

Well some people just don't have the need to use Bitcoin as a payment method because they are happy with their banking service. I mean most of the Bitcoin users are mainly into Bitcoin because of its long-term value as an investment vehicle whatsoever.

[Slowturtleinc]

...
Wrong, by this logic it would mean that gold should be dead because no one uses gold as a currency, only as an investment, and the other use cases are anecdotal, most of the gold is keep hoarded as a safe haven to hedge against a collapsing fiat economy. In this sense, Bitcoin can reach trillion of dollars of marketcap by this usage alone. Of course, if it's used in everyday transactions, that's cool too.

Stop comparing Bitcoin to gold. Gold has thousands & thousands years of history on Bitcoin, that's some first-mover advantage. And gold supply is not randomly and artificially limited, as is the case with Bitcoin.
A far better analogy (both in essence and timeframe) is BTCeanie BTCabies: deliberately limited supply, impractical to use as money, were hoarded because "will maek me milionair!!!"

Gold is manipulated and most people own paper that tells them they have gold not actual physical bars.
Like it or not gold will always be compared to bitcoin because there are similar aspects.

[vero]

now  technology already advanced here bitcoin took the role to facilitate people to make a good deal to buy an item or send money more quickly than using a bank

[bargainbin]

...
Wrong, by this logic it would mean that gold should be dead because no one uses gold as a currency, only as an investment, and the other use cases are anecdotal, most of the gold is keep hoarded as a safe haven to hedge against a collapsing fiat economy. In this sense, Bitcoin can reach trillion of dollars of marketcap by this usage alone. Of course, if it's used in everyday transactions, that's cool too.

Stop comparing Bitcoin to gold. Gold has thousands & thousands years of history on Bitcoin, that's some first-mover advantage. And gold supply is not randomly and artificially limited, as is the case with Bitcoin.
A far better analogy (both in essence and timeframe) is BTCeanie BTCabies: deliberately limited supply, impractical to use as money, were hoarded because "will maek me milionair!!!"

Gold is manipulated and most people own paper that tells them they have gold not actual physical bars.
Like it or not gold will always be compared to bitcoin because there are similar aspects.

>Gold is manipulated
Unlike Bitcoin

>most people own paper gold, not actual physical bars
Never suggested otherwise. What difference does that make?

>gold [& BTC have] similar aspects.
Sure. So do dogs and pencil sharpeners, they're both things.
My point's BTC & BTCeanie BTCabies have *more* in common than BTC & gold.