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Author Topic: The reason why people do not get Bitcoin.  (Read 37534 times)
BitHodler
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February 19, 2017, 09:40:33 AM
 #461

Lack of knowledge is the main reason I believe for people not getting bitcoins as if people have never heard about bitcoins then we cannot expect them to start using bitcoins they will start using it only if they are made aware about it about how to use it or how to earn it and if that is shown to them then they will surely start using it.
Lack of knowledge plays an important role, but the fact that Bitcoin isn't a good enough alternative to fiat currencies for day to day transactions on local level makes it less usable for them.

Barely any merchant adoption is another thing. If they have Bitcoin, then they can't spend it anywhere in their city, and they are subject to the volatility. It's a combination of everything that makes it very difficult for the average joe.

BSV is not the real Bcash. Bcash is the real Bcash.
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February 19, 2017, 09:50:11 AM
 #462

Lack of knowledge is the main reason I believe for people not getting bitcoins as if people have never heard about bitcoins then we cannot expect them to start using bitcoins they will start using it only if they are made aware about it about how to use it or how to earn it and if that is shown to them then they will surely start using it.
Lack of knowledge plays an important role, but the fact that Bitcoin isn't a good enough alternative to fiat currencies for day to day transactions on local level makes it less usable for them.

Barely any merchant adoption is another thing. If they have Bitcoin, then they can't spend it anywhere in their city, and they are subject to the volatility. It's a combination of everything that makes it very difficult for the average joe.
Can't argue with that. The slow confirmation sure becoming an obstacle for those who want to transact bitcoin in their real life and make them struggling, hence they're thinking twice to use it and come back to their ancient option which is local fiat.
Lack of knowledge is sure a thing that keeps bitcoin from spreading among people, but, how you can expect that majority of people will know bitcoin while people who are connected to the internet currently just 40
% of total population and people who know well about technology might be even far below?.

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February 19, 2017, 10:10:05 AM
 #463

Lack of knowledge is the main reason I believe for people not getting bitcoins as if people have never heard about bitcoins then we cannot expect them to start using bitcoins they will start using it only if they are made aware about it about how to use it or how to earn it and if that is shown to them then they will surely start using it.
Lack of knowledge plays an important role, but the fact that Bitcoin isn't a good enough alternative to fiat currencies for day to day transactions on local level makes it less usable for them.

Barely any merchant adoption is another thing. If they have Bitcoin, then they can't spend it anywhere in their city, and they are subject to the volatility. It's a combination of everything that makes it very difficult for the average joe.
Can't argue with that. The slow confirmation sure becoming an obstacle for those who want to transact bitcoin in their real life and make them struggling, hence they're thinking twice to use it and come back to their ancient option which is local fiat.
Lack of knowledge is sure a thing that keeps bitcoin from spreading among people, but, how you can expect that majority of people will know bitcoin while people who are connected to the internet currently just 40
% of total population and people who know well about technology might be even far below?.

Truly that confirmation time have been a lot of a problem to me also. What else for those who habe just started and tried to make a transaction. This should be fixed or they should be informed that they can just increase the payment to make it faster. They should know this things so we wont lose users one by one.

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February 19, 2017, 10:31:00 AM
 #464

There are many reasons for this like due to lack of internate service, lack of awarness about bit coins,  bitcoin is illegal in many countries, transaction through bitcoin are not broad e.t.c may be the causes for people not getting bitcoin.
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February 19, 2017, 10:34:42 AM
 #465

A lot of this has to do with people simply dismissing something that is new. I think there'd be more willing minds if there were more outlets / sources for easy to digest information spotlighting the uses and benefits of the currency. Lots of people don't still even believe in online transactions / paypal, what more with bitcoin, and I think that's partly due to the stubborn old unwilling to part with the old ways and or perhaps just plain ignorance.
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February 19, 2017, 10:45:12 AM
 #466

There are many reasons for this like due to lack of internate service, lack of awarness about bit coins,  bitcoin is illegal in many countries, transaction through bitcoin are not broad e.t.c may be the causes for people not getting bitcoin.
"Lack of awareness about bitcoins". Yeah, that is right, If we just  solve that then it will be easier for people to embrace bitcoin because even though there are countries that blocked or banned bitcoin they can still be aware on what are the good benefits of bitcoin or if bitcoin is a good investment. The main reason why people do not embrace or get bitcoin because they are lacking of awareness and especially knowledge.
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February 19, 2017, 10:49:59 AM
 #467

' those who were seen dancing were thought to be  insane by those who could not hear the
music.'[\b]

I assume the right music isn't being played to get the world dancing to the bitcoin tunes . And a lot of online articles aren't helping either with their naïve dissemination of information,until something is done.
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February 19, 2017, 10:55:38 AM
 #468

' those who were seen dancing were thought to be  insane by those who could not hear the
music.'[\b]

I assume the right music isn't being played to get the world dancing to the bitcoin tunes . And a lot of online articles aren't helping either with their naïve dissemination of information,until something is done.

Because not all people are into internet 24/7 and even if they do, they would just focus on their profile on the social media and will not be interested with bitcoin, I am very lucky that some friends had introduced me in this system and I am very glad of it because it is very convenient for me and I am very thankful because of them.
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February 19, 2017, 12:32:38 PM
 #469

' those who were seen dancing were thought to be  insane by those who could not hear the
music.'[\b]

I assume the right music isn't being played to get the world dancing to the bitcoin tunes . And a lot of online articles aren't helping either with their naïve dissemination of information,until something is done.

Because not all people are into internet 24/7 and even if they do, they would just focus on their profile on the social media and will not be interested with bitcoin, I am very lucky that some friends had introduced me in this system and I am very glad of it because it is very convenient for me and I am very thankful because of them.

Yeah even I was wasting my time on facebook and watching useless youtube videos in the past but after knowing bitcoins I dedicate my all time in earning bitcoins and try to learn some new methods of earning bitcoins and that is the best way to make use of internet.
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February 19, 2017, 12:46:51 PM
 #470

' those who were seen dancing were thought to be  insane by those who could not hear the
music.'[\b]

I assume the right music isn't being played to get the world dancing to the bitcoin tunes . And a lot of online articles aren't helping either with their naïve dissemination of information,until something is done.

Because not all people are into internet 24/7 and even if they do, they would just focus on their profile on the social media and will not be interested with bitcoin, I am very lucky that some friends had introduced me in this system and I am very glad of it because it is very convenient for me and I am very thankful because of them.

Yeah even I was wasting my time on facebook and watching useless youtube videos in the past but after knowing bitcoins I dedicate my all time in earning bitcoins and try to learn some new methods of earning bitcoins and that is the best way to make use of internet.
Yeah that is what right thing to do with the internet. Do not let the internet only make the money out of you, Do bitcoin and also earn money using internet. I'm also trying to learn different new methods to earn more bitcoin because i think that there is a lot more ways to earn and i'm hoping that i can see it here in our forum.
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February 19, 2017, 12:50:28 PM
 #471

I don't think governments have to accept Bitcoin for it to be popular.  If anything, Bitcoin can appeal to people who are anti-government - and to some extent it already does, with groups like Anonymous having associations with it.  But this kind of rebellion has a broader appeal - punk in the 70s, for example, was huge and never fully died.  All governments have to do is keep it legal, which the vast majority have and will probably continue to do.
That is one section of the population, another could be those that want to invest their money in something that is not part of the monetary system like the gold and silver hoarders, bitcoin is not a stock, fiat, futures, derivatives, or anything like that so that group of people could become part of bitcoin.
Government will still not accept bitcoin as payment since they do not know who made or the creator of bitcoin currency and bitcoin is anonymity people who join or holding bitcoin is not publicity that we do not know who are using bitcoin and how many we us using bitcoin.
The people who are not using bitcoin when they are use it before because of not getting any profit or they are just scam by many scam site. they are afraid again to hold a bitcoin for  a long time..

Japan already accept Bitcoin as legal tender,Central Bank of the Philippines do recognize Bitcoin as payment.  Once a government fully known what Bitcoin is or wanted to have a cut of its market thru taxes, they will recognize and regulate Bitcoin.
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February 19, 2017, 01:06:23 PM
 #472

I don't think governments have to accept Bitcoin for it to be popular.  If anything, Bitcoin can appeal to people who are anti-government - and to some extent it already does, with groups like Anonymous having associations with it.  But this kind of rebellion has a broader appeal - punk in the 70s, for example, was huge and never fully died.  All governments have to do is keep it legal, which the vast majority have and will probably continue to do.
That is one section of the population, another could be those that want to invest their money in something that is not part of the monetary system like the gold and silver hoarders, bitcoin is not a stock, fiat, futures, derivatives, or anything like that so that group of people could become part of bitcoin.
Government will still not accept bitcoin as payment since they do not know who made or the creator of bitcoin currency and bitcoin is anonymity people who join or holding bitcoin is not publicity that we do not know who are using bitcoin and how many we us using bitcoin.
The people who are not using bitcoin when they are use it before because of not getting any profit or they are just scam by many scam site. they are afraid again to hold a bitcoin for  a long time..

If you have researched into google then you will be surprised that what you are thinking right now is false. If you look at Switzerland their government is accepting bitcoins. Look at the Philippines their Central Banks wants to adopt bitcoin due to its usefulness as a financial form of payment. Look at Nigeria, just like the Philippines their central bank has also seen merits on the use of bitcoin. The problem of bitcoin being anonymous and its potency to be used in illegal activities and money laundering is not a problem since government just needs rules and regulations to monitor and regulate the use of bitcoin.
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February 19, 2017, 01:45:08 PM
 #473

' those who were seen dancing were thought to be  insane by those who could not hear the
music.'[\b]

I assume the right music isn't being played to get the world dancing to the bitcoin tunes . And a lot of online articles aren't helping either with their naïve dissemination of information,until something is done.

Because not all people are into internet 24/7 and even if they do, they would just focus on their profile on the social media and will not be interested with bitcoin, I am very lucky that some friends had introduced me in this system and I am very glad of it because it is very convenient for me and I am very thankful because of them.

Yeah even I was wasting my time on facebook and watching useless youtube videos in the past but after knowing bitcoins I dedicate my all time in earning bitcoins and try to learn some new methods of earning bitcoins and that is the best way to make use of internet.
Yeah that is what right thing to do with the internet. Do not let the internet only make the money out of you, Do bitcoin and also earn money using internet. I'm also trying to learn different new methods to earn more bitcoin because i think that there is a lot more ways to earn and i'm hoping that i can see it here in our forum.

You can earn bitcoins in multiple ways and it will depend on what skills you hold if you hold any particular technical skills then you can expect higher earnings from it as technical people are more in demand and can get higher earnings in bitcoins.
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February 19, 2017, 02:28:50 PM
 #474

Lack of knowledge is the main reason I believe for people not getting bitcoins as if people have never heard about bitcoins then we cannot expect them to start using bitcoins they will start using it only if they are made aware about it about how to use it or how to earn it and if that is shown to them then they will surely start using it.
Lack of knowledge plays an important role, but the fact that Bitcoin isn't a good enough alternative to fiat currencies for day to day transactions on local level makes it less usable for them.

Barely any merchant adoption is another thing. If they have Bitcoin, then they can't spend it anywhere in their city, and they are subject to the volatility. It's a combination of everything that makes it very difficult for the average joe.
Can't argue with that. The slow confirmation sure becoming an obstacle for those who want to transact bitcoin in their real life and make them struggling, hence they're thinking twice to use it and come back to their ancient option which is local fiat.
Lack of knowledge is sure a thing that keeps bitcoin from spreading among people, but, how you can expect that majority of people will know bitcoin while people who are connected to the internet currently just 40
% of total population and people who know well about technology might be even far below?.
Fact is that Bitcoin on local level doesn't offer any advantages over fiat, so even if people know about Bitcoin it won't give them any incentive to actually use it.

In order to make Bitcoin interesting for people, it must offer people something they can use every day. But that's practically impossible when you consider that fiat payments are free and instant, and in some cases even with buyers protection.

How can we then expect Bitcoin to gain ground in an industry that already has a ruling aspect (fiat)? If you look at it from that point, then it basically doesn't change anything if people do or do not know Bitcoin.

BSV is not the real Bcash. Bcash is the real Bcash.
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February 19, 2017, 02:45:25 PM
 #475

No government accept bitcoin as a legal currency. Another thing many people do not about bitcoin. With bitcoin we can not by things in local shoppes so   ordinary people do not give more impartant to bitcoin and most of the people always try to invest on Gold or silver,  thinking that are the safest investment.
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February 19, 2017, 03:19:30 PM
 #476

No government accept bitcoin as a legal currency. Another thing many people do not about bitcoin. With bitcoin we can not by things in local shoppes so   ordinary people do not give more impartant to bitcoin and most of the people always try to invest on Gold or silver,  thinking that are the safest investment.


The fact is people are not getting into bitcoins only because they are still not aware about its existence but if they are introduced to bitcoins then surely they will give it  a try by investing certain part of their money in it and slowly and steadily they can increase their investment in bitcoins.



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February 21, 2017, 10:02:32 PM
 #477

' those who were seen dancing were thought to be  insane by those who could not hear the
music.'[\b]

I assume the right music isn't being played to get the world dancing to the bitcoin tunes . And a lot of online articles aren't helping either with their naïve dissemination of information,until something is done.
Following the analogy we could think of bitcoin as the first rock & roll songs, at first no one got this new style of music but then the young adopted the style and the rest is history, bitcoin is simply too revolutionary for the old people to get as time passes the young will adopt it and change the world with it.
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February 21, 2017, 11:13:56 PM
 #478

Well, most do not get the idea behind blockchain tech and bitcoin. They think it's super advanced and complicated.

.TokenMarket.
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February 21, 2017, 11:32:20 PM
 #479

Another reason why Bitcoin doesn't interest a majority of the civilians within the world is because they think that their fiat has more value when compared to many other currencies.

Bitcoin has the option of going up and down. Most people want to get rich but when thinking about Bitcoin, they have second thoughts on what if the price goes down right when some Big Investor gets inside the trade. Big money earnings is possible if they know how to trade and hold.

Maybe when the people that has been hacking the Coin Exchanges get together for a large Bitcoin dump just so they can repeat the cycle till Bitcoin dies.
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February 22, 2017, 03:16:55 AM
 #480

Most of the people still don't know about bitcoin, because it is a online money still some part of this world don't have any internet specialties. If bitcoin become the world currency one other other way all the people will get bitcoin.

 
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