Will bitcoin trap more new user in coming years

[brobbel]

They hate (or dislike) it because they don't have control.

They can't ban it, and they know it. Because they aware of that, they are going to live with it, but don't know exactly how to deal with it.

They have laws about taxing/money laundring/etc. but it's very difficult for them to control it as they want it.

What do you mean they 'can't ban it'?

All any government needs to do, is to make it illegal for any of it's citizens to transact in Bitcoin, and prohibit their financial system from servicing organisations who are involved in the exchange of Bitcoin to fiat currency. Sure, as with illegal drugs, the population will still be able to get access to Bitcoin should they really want it, but why would they want it if they are living in an economy in which Bitcoin was total taboo?

What I meant (as others pointed out) was that they surely can make it illegal locally. But you can still invest in bitcoin - for illegal and/or international purposes.

Bangladesh banned bitcoin - will they ban goods send through Amazon bought with bitcoin?
Just an example. Ofcourse can they make it difficult for local people, but that's not going to happen globally.

[afbitcoins]

[jakelyson]

The title seems to suggest that bitcoin has some evil plan and wants to trap new users.

Bitcoin is in a very high place right now. It is very valuable but still has a lot of space to grow. Bitcoin is actually very attractive investment right now. So if more people are looking for good place to put their money, bitcoin is a good candidate. This will attract more users and maybe eventually trap them.

[severaldetails]

I think it all depends on what way bitcoin evolves.
If the transaction fees increase, I don't think many new members can be won.
Everybody starts small in the beginning. And when new users have to spend a big part of the amount they want to transact for fees, I highly doubt they will do that often.
Transactions with bitcoins have to stay cheap and fast, otherwise people will stop using it. And that would be kind of... bad.

[DarkIT]

see the bitcoin prices are quite high this year, even more stable, I think this will create new users interested in trying to use bitcoin. Well, every year bitcoin users continues to increase, but I am convinced that this year will be really a lot of new users who try to use bitcoin

[talkbitcoin]

They hate (or dislike) it because they don't have control.

They can't ban it, and they know it. Because they aware of that, they are going to live with it, but don't know exactly how to deal with it.

They have laws about taxing/money laundring/etc. but it's very difficult for them to control it as they want it.

What do you mean they 'can't ban it'?

All any government needs to do, is to make it illegal for any of it's citizens to transact in Bitcoin, and prohibit their financial system from servicing organisations who are involved in the exchange of Bitcoin to fiat currency. Sure, as with illegal drugs, the population will still be able to get access to Bitcoin should they really want it, but why would they want it if they are living in an economy in which Bitcoin was total taboo?

What I meant (as others pointed out) was that they surely can make it illegal locally. But you can still invest in bitcoin - for illegal and/or international purposes.

Bangladesh banned bitcoin - will they ban goods send through Amazon bought with bitcoin?
Just an example. Ofcourse can they make it difficult for local people, but that's not going to happen globally.

they technically ban that too if they find out some goods are bought with bitcoin. but in the end people are just investing in bitcoin to be some part of this rise and have a big profit in the end of all this. and you can always buy with cash and hold in your cold storages without anybody even knowing.

[Sundark]

Bangladesh banned bitcoin - will they ban goods send through Amazon bought with bitcoin?
Just an example. Ofcourse can they make it difficult for local people, but that's not going to happen globally.

they technically ban that too if they find out some goods are bought with bitcoin. but in the end people are just investing in bitcoin to be some part of this rise and have a big profit in the end of all this. and you can always buy with cash and hold in your cold storages without anybody even knowing.

Is there even a way to tell whether item from Amazon was bought with bitcoin, bank transfer or paypal?
You won't see price tag on your package with price presented in Bitcoin. So unless authorities will go as far and check your online shopping history there is no way to tell.

[shapeshiftscam]

Why did you use trap in the title, and after I saw your post, it doest not mean trap, you should use attract instead.

Actually I am fully believing that bitcoin will surge in the future, we need to promote more bitcoin news and features to our friends and family, it is a kind of investment. Digital gold.

[d@nte]

Why did you use trap in the title, and after I saw your post, it doest not mean trap, you should use attract instead.

Actually I am fully believing that bitcoin will surge in the future, we need to promote more bitcoin news and features to our friends and family, it is a kind of investment. Digital gold.

Yeah, reading the details of the question, I agree that the OP got confused. It would be nice to see him update this, because it completely changes the meaning. With respect to attracting more users, this will depend on market conditions, and the conditions on the Bitcoin network itself, as users need a stable platform for making payments.

[Silberman]

As I had encountered that day by day more people are joining bitcoin inspite of its sky rocketing price and day by day more and more government and other agencies are coming against bitcoin so will bitcoin stay alive and will it be able to invite new user in the network?

Of course it will, those governments agencies at best will slow down the adoption rate of bitcoin but as long as bitcoin fills a gap in the market of currencies then we will keep seeing people buying and adopting bitcoin thanks to its amazing characteristics.

[disconnectme]

Will bitcoin trap more new user in coming years.

I don't like your choice of word Trap.

No matter what these governments do more people will come into Bitcoin, the world economy is weak and traditional economy can guarantee the usual profit, Gold price is manipulated by government and the only place sure of growth now especially for guys on the mainstreet is crypto where Bitcoin dominate 80% of the market

[JL421]

Will bitcoin trap more new user in coming years.

I don't like your choice of word Trap.

No matter what these governments do more people will come into Bitcoin, the world economy is weak and traditional economy can guarantee the usual profit, Gold price is manipulated by government and the only place sure of growth now especially for guys on the mainstreet is crypto where Bitcoin dominate 80% of the market

I know right bitcoin isn't trapping anyone it can be people greed that is making that invest in it if you call it a trap. And also government can't do anything all they can do is ban sites like coinbase , xapo , etc or even block bitcoin exchangers like china is trying to do but they can't do anything unless they use other methods which are against human rights.

[naidray]

As I had encountered that day by day more people are joining bitcoin inspite of its sky rocketing price and day by day more and more government and other agencies are coming against bitcoin so will bitcoin stay alive and will it be able to invite new user in the network?

Yes, there will no surprises that the system which is capable of easing life will definitely attract more people to embrace it.

In this digital world, bitcoin must be a right solution for our financial freedom, so like how mobile technology and internet had conquered the world, we can expect bitcoin as the next thing to be part of human life in very near future.

[warwar]

As I had encountered that day by day more people are joining bitcoin inspite of its sky rocketing price and day by day more and more government and other agencies are coming against bitcoin so will bitcoin stay alive and will it be able to invite new user in the network?

I dont think so because most of the news right now that ive read and heard is lot of countries accepting the bitcoin as a payment sort of they recognize bitcoin as a money in their country and i havent heard it yet but we all know that there are one or more that is against with bitcoin but we cant control it well that is a challenge for the new user if they will proceed or not in using bitcoin

[Arcteryx]

Saying it that way makes it sound more like a curse if they want to try and use it.
A trap. Sort of like a bear trap?
That is what came to mind as soon I clicked on this thread expecting it to be talking about it.

[cramcram21]

Yeah we all know that day by day the number of bitcoin users increase and it is why the price of bitcoin keeps on growing,
And I think it is a good news for all of the bitcoin users cause the more the people accept it the more the other country and other store would accept bitcoin as mode of their payment.

[iqlimasyadiqa]

development of bitcoin users will certainly evolve at any time. Now even many users use bitcoin as its main means of payment. of course, the government still can not accept bitcoin, they are still frightened by fluctuations the price of bitcoin. but it all does not deter new users, bitcoin continues to grow very well.

[Palodar]

development of bitcoin users will certainly evolve at any time. Now even many users use bitcoin as its main means of payment. of course, the government still can not accept bitcoin, they are still frightened by fluctuations the price of bitcoin. but it all does not deter new users, bitcoin continues to grow very well.

The government disapproval is the main reason why the user of bitcoin is only limited. Some countries didn't recognize bitcoin and some is banned it. This is the most factor that people are being discourage to use bitcoin as currency. I hope that the government will adapt so that it will be open to public

[BitcoinHodler]

bitcoin has a very nice adoption growth so far, and it is still growing too. we can clearly see the increase in the adoption in the full blocks, and the number of transactions that are made every day with bitcoin, that shows there are lots more users using bitcoin for transferring money.

and this will continue since there is nothing stopping the adoption and growth of this decentralized money.

p.s. i still don't get why OP has not changed that stupid subject saying "Trap"

[Zadicar]

Why did you use trap in the title, and after I saw your post, it doest not mean trap, you should use attract instead.

Actually I am fully believing that bitcoin will surge in the future, we need to promote more bitcoin news and features to our friends and family, it is a kind of investment. Digital gold.

The word "trap" is not really suitable for this one since bitcoin doesnt have any plans regarding on new users. Trap means theres a plan on something but seeing on bitcoin i could say that adoption for new users wouldnt be gone because people would really saw bitcoin as a good thing to engage and not to be avoided.