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Author Topic: The reason why people do not get Bitcoin.  (Read 37551 times)
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January 15, 2017, 11:56:04 AM
 #121

People should learn more about Bitcoin since it is a new kind of technologies which can bring hope and advantage to all of us. However, I think this process will take at least a century.

It doesn't matter how long it takes before people understand Bitcoin properly. Why?

These are very common reasons I hear from people around me;

# It's a ponzi scheme. (No matter how much explaining I do, they don't change from the way they see Bitcoin)
# Volatility. (I can agree that this may play a role of importance, sure)
# Bitcoin as currency? Why would I buy Bitcoin to pay for things, while I can pay for everything right now already? (Once again I can't blame them)
# Who is in control of Bitcoin to see if everything goes according the rules? (They fail to understand that there isn't a central authority needed)

The only thing they see as being interesting, is that when the price will fall back to $100-$200 that they will jump in, and sell at a massive profit as soon as the price increased again. If you tell them that it's highly unlikely that Bitcoin will go back to such levels due to the growth and demand, they just turn their face like you're talking bs. I even adviced certain people close to me to invest while the price was sitting below $500 not that long ago. But still, they wanted to wait for the $100-$200... Ignorance from the highest levels.
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January 15, 2017, 02:25:46 PM
 #122

Various reason could be find out why people do not get Bitcoin.Many countries in our world like third world country whose concern this digital currencies.Even there are so many rule so came out all difficulties most of one didn't so much interested with Bitcoin.Some types of people don't feel secure to get involved in this virtual currency even some are don't know about bitcoins.
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January 15, 2017, 02:38:28 PM
 #123

Various reason could be find out why people do not get Bitcoin.Many countries in our world like third world country whose concern this digital currencies.Even there are so many rule so came out all difficulties most of one didn't so much interested with Bitcoin.Some types of people don't feel secure to get involved in this virtual currency even some are don't know about bitcoins.

Even i do not think people would get bitcoin easiler to us. Until government makes bitcoin as a centralized money most of the people have enough bitcoins with but still they are not able utilize in their own business or investment.
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January 15, 2017, 04:54:29 PM
 #124

Various reason could be find out why people do not get Bitcoin.Many countries in our world like third world country whose concern this digital currencies.Even there are so many rule so came out all difficulties most of one didn't so much interested with Bitcoin.Some types of people don't feel secure to get involved in this virtual currency even some are don't know about bitcoins.

There is nothing to be worried about the security at first. Someone should not just judge it without using it, it is not important to just buy bitcoins but someone can earn some at first also just to try out if how it works and how it goes, then they should give their opinion. So this should not be a reason why people don't get bitcoin.
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January 15, 2017, 06:21:54 PM
 #125

I think Friedrich Nietzsche said it best — 'And those who were seen dancing were thought to be  insane by those who could not hear the

music.'

I don't like Nietzsche, he was the center of German nationalism, and was very antisemitic too, and contributed a lot to the formation of Nazi philosophy.



But in this quote he is actually right. Of course people always ridicule other people who dont understand the game. A lot of idiots are brainwashed into this socialist or liberal mindset, with nihilistic thought and a very promiscuous " live for the moment" greedy life style.

People cant fathom what it is like to prepare for the future, also known as investing in BTC (because it should rise in price in time). They all want things NOW.


That is why people have huge debts instead of huge stashes of BTC. These liberal idiots will never understand it.

Of course the Nationalists are fools as well, it's only the Libertarian philosophy that makes sense.

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January 15, 2017, 06:28:10 PM
 #126

Various reason could be find out why people do not get Bitcoin.Many countries in our world like third world country whose concern this digital currencies.Even there are so many rule so came out all difficulties most of one didn't so much interested with Bitcoin.Some types of people don't feel secure to get involved in this virtual currency even some are don't know about bitcoins.

There is nothing to be worried about the security at first. Someone should not just judge it without using it, it is not important to just buy bitcoins but someone can earn some at first also just to try out if how it works and how it goes, then they should give their opinion. So this should not be a reason why people don't get bitcoin.
The other part they don't want to be part in illegal activity.. and afraid of many frauds..
people area always looking for more safe than bitcoin since bitcoin still not have reverse payment yet.. and i think paypal will be still the best solution..

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January 15, 2017, 06:36:25 PM
 #127

I like the idea, and yes, the only thing to capture interest of the masses is also to show that there is a lot of interest on-going on the project and that people will also see that "heck, this is real and this is not just your ordinary internet money" thing. Merchants are badly needed to see that there is really a demand for bitcoins and also, there is money waiting to be made if you grow your business with bitcoin.

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January 15, 2017, 07:20:41 PM
 #128

Because we haven't got much more promotion or marketing to make it popular on bitcoin as cash . There are only people in bitcoin community to use it as cash. However, bitcoin is not still accepted from the government so that everybody is disquiet and  do not get bitcoin as cash.
- Bitcoin is not ran by some company so there is no one who want to spend from their own pocket in marketing/promotion of bitcoin.
- There are also many miners, node hosters except bitcoin users who are supporting bitcoin network and make sure it keep running.
- Sooner or later more and more people will start using bitcoin as cash and for this bitcoin doesn't need to be accepted by government.

There you have it. It really obvious.
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January 15, 2017, 11:16:30 PM
 #129

I like the idea, and yes, the only thing to capture interest of the masses is also to show that there is a lot of interest on-going on the project and that people will also see that "heck, this is real and this is not just your ordinary internet money" thing. Merchants are badly needed to see that there is really a demand for bitcoins and also, there is money waiting to be made if you grow your business with bitcoin.
to me  the only reason can be that bitcoin is not yet so much introduce in most of the area, and therefore these people do not know anything about this. i think we should introduce bitcoin to these people so that they can start using bitcoin.
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January 16, 2017, 03:23:40 AM
 #130

I think the reason for misconception or abstract understanding of BTC is because of the way our mind understand money, some people can differentiate the difference between money and currency. Most people thought money is the same with currency which is not.


People doesn't get bitcoin by these reasons like they are not getting used to it and they only knew one type of currency which is we are mainly using, a fiat currency money. There is no proper information feed to them and some believed that we are only talking a myth here, and they don't vision out bitcoin can turn to reality in their lives and can be profitable extra income for them.
In our country people don't use bitcoins because of the security. Lot of cases here are goes boom because their wallet are getting hacked. If bitcoin have a better security like paypal I think lot of people will use bitcoin. The only people uses bitcoin are the earners and the investors but using bitcoin as a bank is not advisable. I think blockchain and other wallets need to add more security features. For bitcoin became more useful to people here in our country and other countries too.

There are a couple of misinformed sentences in your post. What country are you from? The "security of Bitcoin you are referring to is the security of Bitcoin services not Bitcoin itself. There is a difference so please make that clear in your future posts.

Do you really believe that if the security of Bitcoin services have become hack proof, there will be widespread use of Bitcoin in your country? Really? What will they use it for and how will it help expand the Bitcoin economy?


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January 16, 2017, 04:01:45 AM
 #131

thats correct op is right increase the volumn and it will be spread like a fire it already got some attention from the media in past few months so this time is actllually a good time to take this action
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January 16, 2017, 04:53:32 AM
 #132

Various reason could be find out why people do not get Bitcoin.Many countries in our world like third world country whose concern this digital currencies.Even there are so many rule so came out all difficulties most of one didn't so much interested with Bitcoin.Some types of people don't feel secure to get involved in this virtual currency even some are don't know about bitcoins.

One of the biggest reason for resistance of bitcoins in third world countries is they are afraid of Change. People are afraid of new technology and do want to leave the Fiat.  Government support is not a big problem in these countries. It is just a mind Set of people.

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January 16, 2017, 04:18:40 PM
 #133

Some possible reasons:
- People do not even heard about Bitcoin
- they do not treat BTC seriously
- they do not see any reason to being involved in BTC
- they associate BTC with criminal activities and/or gambling only
- they could be discouraged by price volatility
- technical background can be discouraging as well
All of the points that you have mentioned are really possible reason why people don't have and doesn't want to have bitcoin.

I want to add also that there are places that aren't modernized and not updated with current trends with technology.

So that can be another factor why people don't get bitcoin.

"not even heard about Bitcoin" sounds like nonsense. Safe bet they do know, but the discouraging news keep them at distance, keeping them safe.

I guess it is applicable as this world is wide and we know that there are places that can't reach by technology so it is plausible.

Oh yes that black propaganda of media is one of the factor that puts fear to the people that are potential bitcoin users.

As we know it is one of the powerful tools and most influenced way of reaching people out with current trends.

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January 16, 2017, 08:52:21 PM
 #134

Various reason could be find out why people do not get Bitcoin.Many countries in our world like third world country whose concern this digital currencies.Even there are so many rule so came out all difficulties most of one didn't so much interested with Bitcoin.Some types of people don't feel secure to get involved in this virtual currency even some are don't know about bitcoins.

One of the biggest reason for resistance of bitcoins in third world countries is they are afraid of Change. People are afraid of new technology and do want to leave the Fiat.  Government support is not a big problem in these countries. It is just a mind Set of people.
they do not afraid of change but the real reason is that they do not have the facilities, they are hardly completing their basic needs so they cannot afford the facilities of computer and internet, therefore they do not know about bitcoin.

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January 16, 2017, 09:26:34 PM
 #135

Of course, bitcoin is relatively new and people need to be informed. But most of the people are traditional. They even don't use a credit card. For this type of people, it is really very hard to become adapted to bitcoin or other cryptocurrencies.
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January 16, 2017, 09:32:21 PM
 #136

Various reason could be find out why people do not get Bitcoin.Many countries in our world like third world country whose concern this digital currencies.Even there are so many rule so came out all difficulties most of one didn't so much interested with Bitcoin.Some types of people don't feel secure to get involved in this virtual currency even some are don't know about bitcoins.
Many people accept bitcoin as new financial pyramid. But that is only cause of there is no enough education about bitcoin. Many people just don't understand it. Honestly in the beginning I also was sceptical about bitcoin and counted is as a scam. But I have readed a lot of information about bitcoin and now I'm sure in it and trust to it.
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January 17, 2017, 12:01:48 AM
 #137

many people still dont know about bitcoin, common question from them

1. how to get this
2. how to use that
3. how bitcoin have a value
4. can we trust bitcoin
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January 17, 2017, 09:07:36 AM
 #138

many people still dont know about bitcoin, common question from them

1. how to get this
2. how to use that
3. how bitcoin have a value
4. can we trust bitcoin
I was one of that many people asking that questions,before i understand what is bitcoin.I'm not that confident really when it comes to totally really understand its nature and how it works.It simply negative insights will come first,state a conclusion without even understanding it.If you really find yourself to be able to know a lots of changes that this modern world can offer,chances are your one of those who are luckily received its benifits.We must be techie enough to explore ourselves not by just always asking without even knowing.

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January 17, 2017, 12:09:12 PM
 #139

If it took decades for people to accept the idea consuming fruits cured scurvy.

Maybe it is not so hard to explain why bitcoin adoption occurs slower than one might expect.

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January 17, 2017, 12:11:29 PM
 #140

Because for non tech guys it hard to understand how it works and trust the bitcoin so they prefer easy and widely used options like cash and cards.
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