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millgates
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January 18, 2019, 04:05:19 AM |
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I think because the price of bitcoin is like a rollercoaster ride, it couldn't happen that it will be stable. In how many years that it is created in this world.
I think there will always be some people who are afraid to buy and use bitcoin because the values of bitcoin are too volatility for them, they could purchase bitcoin at the rate of $3600 USD per bitcoin with their fiat money, but once the values of bitcoin starts to drop to $3400 USD per bitcoin, some people might not be able to accept this price loss within a short period of time. People who seeking for safe investment will avoid to buy bitcoin, mostly the poor will always think twice to buy bitcoin as the extreme price fluctuations of bitcoin the risk is too big for them, if they understand bitcoin clearly then I think the poor will also try to collect bitcoin as much as they can because the future will good for bitcoin. |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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untugede
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January 18, 2019, 06:02:14 AM |
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I think because the price of bitcoin is like a rollercoaster ride, it couldn't happen that it will be stable. In how many years that it is created in this world.
I think there will always be some people who are afraid to buy and use bitcoin because the values of bitcoin are too volatility for them, they could purchase bitcoin at the rate of $3600 USD per bitcoin with their fiat money, but once the values of bitcoin starts to drop to $3400 USD per bitcoin, some people might not be able to accept this price loss within a short period of time. maybe it could be what makes some people afraid to use bitcoin, the price of bitcoin is indeed very difficult for us to be able to predict the price, and the price of bitcoin can change very quickly, even many people fear that the price of bitcoin will suddenly change lowering the price, of course that's where they were very afraid of losing some of their estimated assets. |
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BigBos
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January 18, 2019, 06:25:37 AM |
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the reason some people reject bitcoin is because they don't know in detail what bitcoin is, how to use it, and how to get it. besides that many people think that bitcoin is a detrimental investment. well, many people take advantage of this moment to deceive people who are just learning about this, and that makes them increasingly distrustful of bitcoin. well, I think this is just one reason why some people still reject bitcoin.
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Seeker#9
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January 18, 2019, 06:58:35 AM |
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Lack of proper knowledge is one of the reasons why people refuse to use or accept bitcoin. Others might be afraid of the risk its contains like high volatlity and rapid price fluctuations. The media reports of some criminal elements that uses the coin to scam people might add to the fear of those who want to invest in bitcoin. Everyone who want to get involve in bitcoin should learn the basics of cryptocurrency first.
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jtrapirap
Jr. Member
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Activity: 235
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Staker.network - POS Smart Contract ETH Token
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January 18, 2019, 07:03:05 AM |
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I guess there many reasons why some people refuse to accept the use of bitcoin like the unstable/fluctuating crypto market it offers, some people are afraid that this may scam, lack of knowledge about this mainstream technology and many others. I guess it would just be beneficial to the early adopters of Bitcoin that they may earn potential profits when the market recovers soon.
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Janation
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January 18, 2019, 07:10:55 AM |
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I think because of the price of BTC , some people do not want to hold BTC. BTC price is never worth the price, and the price is not rising. So I think its price should be stable and increase for Its bright future.
Bitcoin is a volatile cryptocurrency to start with, they should know that. Bitcoin being a decentralized cryptocurrency, it is really common for it to have a volatile price. Bitcoin may change its price but it will depend on the investors how will they hold their money and how will they be able to earn their profit. Even if the price is not rising, a great investors can come up with a good solution to either still earn some profit or lessen his loss. |
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S00N_44
Newbie
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Activity: 6
Merit: 0
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January 18, 2019, 07:23:13 AM |
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My friends do not buy bitcoin because:
1) they do not understand why they should do it
2) do not want to do all these money transfer manipulations
3) are afraid of scammers
4) are afraid of Bitcoin devaluation
Therefore, the most rational decision in this case, in my opinion, is this: to show by your example how convenient it is, moreover, it will bring you profit in the near future.
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EdenHazard
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Activity: 2674
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January 18, 2019, 07:30:43 AM |
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What do you think about it? If you or your friends don’t buy any bitcoin, what is the reason?
With the development of a technology, everyone will judge a problem with two sides, they will see the positive and negative sides of the problem and then make a decision. As you already know, there are still many countries that prohibit bitcoin from developing in their country, they always try to make bitcoin fade again every time it shines. This is what happened in my country, in the previous year the price of bitcoin reached $20,000 all time high that was achieved and made bitcoin popular even though everyone talked about bitcoin, some of them made purchases with the intention of making a profit. However, after this happened the government gave a decision to reject bitcoin and for anyone who buys bitcoin they will be put into custody, as their threat. I think they have arranged this plan in such a way as to make everyone regret having bought bitcoin. About your question, if I see someone not buying bitcoin I think that's their problem, they already know the risk of buying bitcoin and for those who have bought bitcoin then I'm sure they have seen bitcoin shine again soon. |
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bering
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Leading Crypto Sports Betting & Casino Platform
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January 18, 2019, 08:28:37 AM |
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With the development of internet were unstopable i think it's not difficult to find knowledge related to bitcoin and some of sites sometimes provide us with good article to makes us more know about cryptocurrencies especially bitcoin and currently the problem is not in the knowledge side because i think majority most of people who fear to buy bitcoin because they says bitcoin is too volatile and they fear if they bought bitcoin then they will lost their money
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GreatOrchid
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Merit: 1001
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January 18, 2019, 08:46:17 AM |
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The main problem of Bitcoin because the price volatility, maybi Fiat money as the solution to do the digitization. so that people can easily make investments and purchase goods in their daily lives.
I don't actually understand howcan fiat money bring digitalization? Peoples should turn on to digital ways of payment which does include bitcoins and all other cryptocurrencies. Not all the peoples over the globe are aware about cryptocurrencies so we can't expect that too happen soon but atleast the current youth should start onto it. |
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bit-freedom
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January 18, 2019, 09:08:36 AM |
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The main reason why people around me are not investing in Bitcoin is because Bitcoin price is very volatile. Another reason is because they do not have interests in learning how Bitcoin work and find maintaining a wallet to be troublesome.
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Siren
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January 18, 2019, 09:16:30 AM |
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Lacking of knowledge thats why they have not giving interest or if does still afraid of being scammed or fooled comes to their mind.just like us when we first hear about this community that time what we have is considering the risk of becoming a victim but eventually because of chances we come to learn more and now here we are,investors and traders without a doubt that more of us use to have profit here though the 2018 turns as burden to many
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reisuke24
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January 18, 2019, 09:43:08 AM |
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bitcoin is the risk way to earn money. and in every ways to earn it, there are something that make your fund is gone. for some people, i think they will think rational, have good reason to refuse bitcoin, but for some people they have absurd reason.
people refuse it because they dont know about it. if they know about bitcoin from bottom, im sure there is no reason to reject it
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OrangeII
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January 18, 2019, 10:02:50 AM |
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The main reason why people around me are not investing in Bitcoin is because Bitcoin price is very volatile. Another reason is because they do not have interests in learning how Bitcoin work and find maintaining a wallet to be troublesome.
well, that could also be a reason. that's because the price of bitcoin is very easy to move, so they don't accept bitcoin. but, many people use this to make a profit every day, or a week. well, maybe when the price of bitcoin has stabilized, it can be slowly received by the public. |
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Xardasim
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January 18, 2019, 10:56:27 AM |
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The main reason why people around me are not investing in Bitcoin is because Bitcoin price is very volatile. Another reason is because they do not have interests in learning how Bitcoin work and find maintaining a wallet to be troublesome.
well, that could also be a reason. that's because the price of bitcoin is very easy to move, so they don't accept bitcoin. but, many people use this to make a profit every day, or a week. well, maybe when the price of bitcoin has stabilized, it can be slowly received by the public. Most people think it is not real as always. So not as it is otherwise, they understand what they want to understand. Price volatile is used as an evidence and this is the reason why they think so. Most precisely, they avoid risk and like to live conventional continuous life. |
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mersal
Member
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Activity: 1204
Merit: 38
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January 18, 2019, 12:18:41 PM |
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because most of them are afraid of BTC due to everyday scam and negative news.
I think why people doing the not confident mind for Bitcoin was if they lost something they will not accept it anytime this is the main reason people will not fully accept the usage of Bitcoin and many people will change their mind but kind will not leave our hand but still a lots of people are there to be refused the usage of Bitcoin. |
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krishnaverma
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January 18, 2019, 12:32:21 PM |
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because most of them are afraid of BTC due to everyday scam and negative news.
Yes this is one of the most common reason why people refuse to accept bitcoin. Many people are already burned with scams or online frauds in the past. Thy judge bitcoins based on that experience only. It means that they think that in case of bitcoins also, there money will get looted. In addition to this there are other reasons also why people refuse like lack of technical knowledge. |
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speeder
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January 18, 2019, 12:38:27 PM |
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I think that a lot of people refuse to accept BTC because they are scared about the instability of the market and the fact that here the coins aren't stable and they could lose their money and there is other category of people who even now don't believe in Bitcoin or in the future of it.
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jhonjhon
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January 18, 2019, 01:21:10 PM |
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I think it's a very stupid person in the world who rejects Bitcoin, everyone is now aiming for Bitcoin, both from the lower to the upper classes, as long as we need to know that Bitcoin is currently still in the interest of all people, and still needs it at any time. We cant push them neither. Mostly their reason are due to unstable price, fake news they heard around, capital to start with and their courage to take the risk. They have fears in their heart and stopping them from accepting the challenge and learn from the new developments. |
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samuraijin
Sr. Member
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Activity: 1638
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Vave.com - Crypto Casino
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January 18, 2019, 04:24:37 PM |
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First reason, there is a possibility of difficulty selling it and their country does not accept payments using digital currency, and does not understand how to use Bitcoin, actually there is not so many who know about Bitcoin among the elderly or who do not have enough education, it does not mean I belittling them but it's proven ...
And few and still hesitate to use Bitcoin !!
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