People Are Just Too Stupid to Use Bitcoin Right Now

[StoreBit]

Its upon every users need and make decision of when to spend. When one is satisfied with a small profit they might even sell at $500. So nothing to be serious with it.

yes but i think they should wait tell the having. it will really give them a good profit in the end. if they have hold their bitcoins for such a long time then they should wait for a day or more. and after that they are free to use them according to their wishes.

[densuj]

Bitcoin is still new in currencies and it is not stable of price for used daily on real life and not every people understand about bitcoin. For me right now bitcoin is just for trading to fiat and alt coins trading. Yeah it is just my opinion 

[TastyChillySauce00]

Bitcoin transaction times are so long it's not useable for real world commercial purposes. I use paypal when I have to sell or buy something and when I want to gamble and speculate I use bitcoin for that.

this seems right,average transaction could getting confirmed in 10-15 minutes if it's in normal condition,but this problem can be solved if the merchants   just processing transaction with 0 confirmation but the merchant will take the risk and facing people who will possibly trick the merchant with double spending

[danherbias07]

Its upon every users need and make decision of when to spend. When one is satisfied with a small profit they might even sell at $500. So nothing to be serious with it.

Correct. We have our own ways of spending it with our own necessities. If a person needs it badly then why not. He earned it so he got the right to use it.

[vapourminer]

It's not that people are too stupid to use btc right now, I think most folks aren't really ready for the level of security required to be your own bank. People are kind of haphazard because of ach; if you can prove your money was taken fraudulently, usually you can get the transaction reversed. This makes people very cavalier about keeping a tight ship, once it's gone in Bitcoin, it's gone. I notice the people hemorrhage personal details on social media that can be used to socially engineer one's way into their accounts via customer service. No one believes in privacy anymore

this is a main reason folks are not ready for btc.

most people i know have no clue about even he most basic computer security. and facebook... it is the best thing since sliced bread to them and their whole lives are on it. combine them and *poof* no more btc

[icanscript]

This will always be a challenge - 85% of every countries population is plain stupid and naive.

[Leonard2016]

It's not that people are too stupid to use btc right now, I think most folks aren't really ready for the level of security required to be your own bank. People are kind of haphazard because of ach; if you can prove your money was taken fraudulently, usually you can get the transaction reversed. This makes people very cavalier about keeping a tight ship, once it's gone in Bitcoin, it's gone. I notice the people hemorrhage personal details on social media that can be used to socially engineer one's way into their accounts via customer service. No one believes in privacy anymore

this is a main reason folks are not ready for btc.

most people i know have no clue about even he most basic computer security. and facebook... it is the best thing since sliced bread to them and their whole lives are on it. combine them and *poof* no more btc

you don't really need to know everything about security and bitcoin in order to use bitcoin, you can always use a web wallet if you are a newbie or don't want to learn about it. a service like coinbase is making things newbie frinedly enough.

[hermanhs09]

This will always be a challenge - 85% of every countries population is plain stupid and naive.

Hahaha it is a funny sentence but unluckily,it is really true.
Well maybe not 85% but not little less,that is the sad truth,people will never use bitcoin widely all over the world

[mishra1994u]

This will always be a challenge - 85% of every countries population is plain stupid and naive.

Hahaha it is a funny sentence but unluckily,it is really true.
Well maybe not 85% but not little less,that is the sad truth,people will never use bitcoin widely all over the world

yes those peoples are really stupid who still doesnt know the importance and value of bitcoins.Its qualities better than all other currencies.I think the number can decrease to 70% but whatever happens more than 50% people in the world will never use bitcoins..due to lack of knowledge

[AioFox]

Indeed, the number of people who use bitcoin as a currency—as opposed to an investment, a bet that its value will rise in time—remains relatively small. For most people, bitcoin and other digital currencies looks like a solution in need of a problem—a technological end-run around big banks and big government that interests only geeks, drug dealers, and crazed libertarians. People don't need bitcoin so they aren't stupid not to accept it.

[nakedbitcoins]

Indeed, the number of people who use bitcoin as a currency—as opposed to an investment, a bet that its value will rise in time—remains relatively small. For most people, bitcoin and other digital currencies looks like a solution in need of a problem—a technological end-run around big banks and big government that interests only geeks, drug dealers, and crazed libertarians. People don't need bitcoin so they aren't stupid not to accept it.

I think people are using it more for an investment. I know we need both spending and investment ,but people need to start making new ways for people to spend it and people have to spend it.

[katrimans]

Its upon every users need and make decision of when to spend. When one is satisfied with a small profit they might even sell at $500. So nothing to be serious with it.

Correct. We have our own ways of spending it with our own necessities. If a person needs it badly then why not. He earned it so he got the right to use it.

Some people are just rude that they think they are superior than others because they are holding it in and selling their coins at the highest possible value. They just do not think of the possible problems someone is having right now.

[bitgolden]

Its upon every users need and make decision of when to spend. When one is satisfied with a small profit they might even sell at $500. So nothing to be serious with it.

Correct. We have our own ways of spending it with our own necessities. If a person needs it badly then why not. He earned it so he got the right to use it.

Some people are just rude that they think they are superior than others because they are holding it in and selling their coins at the highest possible value. They just do not think of the possible problems someone is having right now.

I don't see the point why we actually should care for how others spend their coins. I mean, it's their life and they can probably do whatever they want with their coins (as long as it is not against the law or something).

[mobilestrike]

Its upon every users need and make decision of when to spend. When one is satisfied with a small profit they might even sell at $500. So nothing to be serious with it.

Correct. We have our own ways of spending it with our own necessities. If a person needs it badly then why not. He earned it so he got the right to use it.

Some people are just rude that they think they are superior than others because they are holding it in and selling their coins at the highest possible value. They just do not think of the possible problems someone is having right now.

I don't see the point why we actually should care for how others spend their coins. I mean, it's their life and they can probably do whatever they want with their coins (as long as it is not against the law or something).

Yeah, it is true that every person is the owner of their bitcoins and they have the right over their bitcoins, bitcoin is a powerful currency and it is not affected by any of te action of the users, no matter who use it for purchase and who use it for trading, it will establish.

[AioFox]

Indeed, the number of people who use bitcoin as a currency—as opposed to an investment, a bet that its value will rise in time—remains relatively small. For most people, bitcoin and other digital currencies looks like a solution in need of a problem—a technological end-run around big banks and big government that interests only geeks, drug dealers, and crazed libertarians. People don't need bitcoin so they aren't stupid not to accept it.

I think people are using it more for an investment. I know we need both spending and investment ,but people need to start making new ways for people to spend it and people have to spend it.

I agree that there has to be more uses for Bitcoin; though in order for more uses to be there; people have to accept it more. When we look at most developing countries it's going to take quite a while longer; this is what i meant when i said that people arent stupid to accept it. There isnt really any time to think about when they need to focus on more important matters since they living in a developing country.

[hermanhs09]

Its upon every users need and make decision of when to spend. When one is satisfied with a small profit they might even sell at $500. So nothing to be serious with it.

Correct. We have our own ways of spending it with our own necessities. If a person needs it badly then why not. He earned it so he got the right to use it.

Some people are just rude that they think they are superior than others because they are holding it in and selling their coins at the highest possible value. They just do not think of the possible problems someone is having right now.

I don't see the point why we actually should care for how others spend their coins. I mean, it's their life and they can probably do whatever they want with their coins (as long as it is not against the law or something).

this thread is almost the same like the one where some people were claiming,that everybody using
bitcoin now,is an elite,some "wealthy gentleman" which is a complete bullshit.People are not too stupid,
they are just not educated well about it.

[takingthis4]

Its upon every users need and make decision of when to spend. When one is satisfied with a small profit they might even sell at $500. So nothing to be serious with it.

thats true, though i think it is way better to hold your bitcoins for later prices, most of the people are holding right now and i think that because of that they are not too stupid

[Superbitzz]

Its upon every users need and make decision of when to spend. When one is satisfied with a small profit they might even sell at $500. So nothing to be serious with it.

thats true, though i think it is way better to hold your bitcoins for later prices, most of the people are holding right now and i think that because of that they are not too stupid

no i am not agree with you. every one has their own choice they are free what to do with their bitcoin. no one has the right to call them stupid. let me ask you that if suddenly the price of bitcoin fell down because any thing can happend then what will you say. i am sure that then he will call you stupid that why you hold your bitcoin.

[hermanhs09]

Its upon every users need and make decision of when to spend. When one is satisfied with a small profit they might even sell at $500. So nothing to be serious with it.

thats true, though i think it is way better to hold your bitcoins for later prices, most of the people are holding right now and i think that because of that they are not too stupid

We can see that volume gets higher and higher,but pretty funny thing i have observed,was that about 2-3 days
just before halving,i have seen the volume getting lower and lower,and i still think it was because of people holding their coin's to sell them,after spike which many of them was predicting (freshly after halving)

[sana54210]

Indeed, the number of people who use bitcoin as a currency—as opposed to an investment, a bet that its value will rise in time—remains relatively small. For most people, bitcoin and other digital currencies looks like a solution in need of a problem—a technological end-run around big banks and big government that interests only geeks, drug dealers, and crazed libertarians. People don't need bitcoin so they aren't stupid not to accept it.

I think people are using it more for an investment. I know we need both spending and investment ,but people need to start making new ways for people to spend it and people have to spend it.

Yes, I am also looking that most people are adopting bitcoin only for trading and for holding them in them wallet for earning more money with that, which will make bitcoin a weaker currency, a currency get strength only when it is used as a currency for purchases etc.