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    Author Topic: What's stopping people from using bitcoin?  (Read 202202 times)

    • Herbert2020
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    February 11, 2016, 07:53:42 AM
     #901
    Quote from: Dr.Osh on February 11, 2016, 07:18:07 AM
    Quote from: andulolika on February 11, 2016, 06:45:53 AM
    I realised bitcoin may seem hard to be understood by new users. Besides that there is need for more physical services to use bitcoin.
    you're right, then from it before using bitcoin, we have to understand first of all about bitcoin, because if you plunge into the world of coins, it would be a lot of coins that have sprung up in addition bitcoin and it will make some people stop to use and learn about bitcoin

    i doubt if the understanding bitcoin is the main issue in here.

    nowadays it is super easy to use bitcoin with all the different services, payment processors and easy wallets like coinbase, circle, bitpay, xapo,... they are all making bitcoin as easy as possible.

    the problem is the price and places to use bitcoin which scares people away.
    Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
    Whales are those who keep buying the dip.

  • lrdeoliveira
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    February 11, 2016, 07:56:31 AM
     #902
    Quote from: poplolnman on February 11, 2016, 07:49:05 AM
    1. Bitcoin price dropped , dropped and dropped
    2. People starts thinking bitcoin is a commodity not money
    3. Hard to mined
    4. Noone accept bitcoin (Bitcoin merchants is not available anymore)

    i would like to add to this list also the fees that you have to pay to exchange bitcoin from fiat

  • andulolika
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    February 11, 2016, 08:25:23 AM
     #903
    Quote from: poplolnman on February 11, 2016, 07:49:05 AM
    1. Bitcoin price dropped , dropped and dropped
    2. People starts thinking bitcoin is a commodity not money
    3. Hard to mined
    4. Noone accept bitcoin (Bitcoin merchants is not available anymore)
    In europe BTC is a currency, if you use it as currency you dont have to care about mining. I dont see the none accept bitcoin thing as real, it may be hard to find off line but its possible, exactly what i said before if people started accepting in in their bussiness it would be different.
    Quote from: Dr.Osh on February 11, 2016, 07:18:07 AM
    you're right, then from it before using bitcoin, we have to understand first of all about bitcoin, because if you plunge into the world of coins, it would be a lot of coins that have sprung up in addition bitcoin and it will make some people stop to use and learn about bitcoin
    Heh i didnt thinked about that, but after you understand btc its easy, they all kinda the same, you kinda right tough.
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  • Xialla
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    February 11, 2016, 08:27:34 AM
     #904
    mainly? price is not rising..

    and sure, it is still quite hard to use, complex, slow...there is really not point to use bitcoin these days, except you are tech savvy guy or buying drugs over internet..

  • andulolika
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    February 11, 2016, 01:34:37 PM
     #905
    Quote from: Xialla on February 11, 2016, 08:27:34 AM
    mainly? price is not rising..

    and sure, it is still quite hard to use, complex, slow...there is really not point to use bitcoin these days, except you are tech savvy guy or buying drugs over internet..
    You say it in a way that people wont use bitcoin unless it keeps rising, yet we all remember few months ago it went under 200 and since then it doubled. Slow? Its still faster than any bank you may use and it will adapt to faster confirmations.
    And no point to use bitcoin? Not using bitcoin feels like being the whore of your government/bank.
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  • rio3233
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    February 11, 2016, 01:41:59 PM
     #906
    Quote from: Xialla on February 11, 2016, 08:27:34 AM
    mainly? price is not rising..

    and sure, it is still quite hard to use, complex, slow...there is really not point to use bitcoin these days, except you are tech savvy guy or buying drugs over internet..

    I agree with you about price is not rising. but it's more worse if the price keep decrease and going down like last year bitcoin price down to $150+. and it's make people stop using bitcoin.

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    February 11, 2016, 01:52:44 PM
     #907
    Quote from: rio3233 on February 11, 2016, 01:41:59 PM
    Quote from: Xialla on February 11, 2016, 08:27:34 AM
    mainly? price is not rising..

    and sure, it is still quite hard to use, complex, slow...there is really not point to use bitcoin these days, except you are tech savvy guy or buying drugs over internet..

    I agree with you about price is not rising. but it's more worse if the price keep decrease and going down like last year bitcoin price down to $150+. and it's make people stop using bitcoin.

    i agree. i remember a couple of years ago when bitcoin price was going up from $700-$800 and finally $1000-$1200 and everywhere you looked was talking about bitcoin worth $10K everybody was so curious to use bitcoin, buy an hold but the lower the price went the more people went away.
    --looking for signature--

  • Amph
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    February 11, 2016, 02:27:46 PM
     #908
    Quote from: Xialla on February 11, 2016, 08:27:34 AM
    mainly? price is not rising..

    and sure, it is still quite hard to use, complex, slow...there is really not point to use bitcoin these days, except you are tech savvy guy or buying drugs over internet..

    or buying stuff on purseio with a very good discount, so yes there is a point in using bitcoin, much more than using fiat if anything

  • blunderer
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    February 11, 2016, 07:18:25 PM
     #909
    Quote from: Amph on February 11, 2016, 02:27:46 PM
    Quote from: Xialla on February 11, 2016, 08:27:34 AM
    mainly? price is not rising..

    and sure, it is still quite hard to use, complex, slow...there is really not point to use bitcoin these days, except you are tech savvy guy or buying drugs over internet..

    or buying stuff on purseio with a very good discount, so yes there is a point in using bitcoin, much more than using fiat if anything

    Please understand that Purse.io is simply exploiting a loophole, "committing a crime against which no laws have been passed."
    But if you really think that people are buying your BTC with their credit cards at as much as 60% above market, I got nothing.

  • Amph
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    February 11, 2016, 07:43:48 PM
     #910
    Quote from: blunderer on February 11, 2016, 07:18:25 PM
    Quote from: Amph on February 11, 2016, 02:27:46 PM
    Quote from: Xialla on February 11, 2016, 08:27:34 AM
    mainly? price is not rising..

    and sure, it is still quite hard to use, complex, slow...there is really not point to use bitcoin these days, except you are tech savvy guy or buying drugs over internet..

    or buying stuff on purseio with a very good discount, so yes there is a point in using bitcoin, much more than using fiat if anything

    Please understand that Purse.io is simply exploiting a loophole, "committing a crime against which no laws have been passed."
    But if you really think that people are buying your BTC with their credit cards at as much as 60% above market, I got nothing.

    it's not 60%, it's like 15%, they specualte with their own money on bitcoin itself, o i see no crime here

    it's not so different tha buying high on purpose on the market to increase the demand even farther

  • romero121
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    February 11, 2016, 10:09:35 PM
     #911
    Some people just watch from th outside and create a negative statements.
    People who were not experienced using bitcoin also believe things said
    by those useless and fear to get involved into the bitcoin community.

  • blunderer
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    February 11, 2016, 10:13:27 PM
     #912
    Quote from: romero121 on February 11, 2016, 10:09:35 PM
    Some people just watch from th outside and create a negative statements.
    People who were not experienced using bitcoin also believe things said
    by those useless and fear to get involved into the bitcoin community.

    Wait, are you talking about this?
    Quote
    Quote from: togesix on February 11, 2016, 07:34:00 PM
    Quote from: Xialla on February 11, 2016, 08:27:34 AM
    mainly? price is not rising..

    and sure, it is still quite hard to use, complex, slow...there is really not point to use bitcoin these days, except you are tech savvy guy or buying drugs over internet..
    I agree with you about price is not rising, but "hard to use, comples , slow " What can make it difficult to use bitcoin ? and I think it is more difficult to use bitcoin than paypal. And slow ? send bitcoin from Asia to America just in 2 sec or less. Cheesy

    If you already own BTC, and if the person you wish to transact with accepts BTC, but those are pretty hefty ifs.
    Buying BTC requires sending a bunch of personal info to some shady exchange (which may disappear/get h4xx0red), and keeping IRL money there, waiting for a good buy opportunity.

    Yes, you may bypass this intrusive procedure by setting up IRL "meetup" (usually in some poorly-lit, rat-infested dead-end alley, behind the dumpster, for "security reasons"), but this can easily turn into a rape/robbery,

    Of course, there's also the "why would I wanna go through all this trouble just to avoid buyer protection/cash back/perks/free loan, for up to a year, from some legacy credit card company?" question, but that's just trolling...

  • andulolika
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    February 11, 2016, 10:41:27 PM
     #913
    Quote from: blunderer on February 11, 2016, 10:13:27 PM
    Quote from: romero121 on February 11, 2016, 10:09:35 PM
    Some people just watch from th outside and create a negative statements.
    People who were not experienced using bitcoin also believe things said
    by those useless and fear to get involved into the bitcoin community.

    Wait, are you talking about this?
    Quote
    Quote from: togesix on February 11, 2016, 07:34:00 PM
    Quote from: Xialla on February 11, 2016, 08:27:34 AM
    mainly? price is not rising..

    and sure, it is still quite hard to use, complex, slow...there is really not point to use bitcoin these days, except you are tech savvy guy or buying drugs over internet..
    I agree with you about price is not rising, but "hard to use, comples , slow " What can make it difficult to use bitcoin ? and I think it is more difficult to use bitcoin than paypal. And slow ? send bitcoin from Asia to America just in 2 sec or less. Cheesy

    If you already own BTC, and if the person you wish to transact with accepts BTC, but those are pretty hefty ifs.
    Buying BTC requires sending a bunch of personal info to some shady exchange (which may disappear/get h4xx0red), and keeping IRL money there, waiting for a good buy opportunity.

    Yes, you may bypass this intrusive procedure by setting up IRL "meetup" (usually in some poorly-lit, rat-infested dead-end alley, behind the dumpster, for "security reasons"), but this can easily turn into a rape/robbery,

    Of course, there's also the "why would I wanna go through all this trouble just to avoid buyer protection/cash back/perks/free loan, for up to a year, from some legacy credit card company?" question, but that's just trolling...
    What if localbitcoins? Besides, why meeting in a shady place is considered safer?
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  • blunderer
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    February 11, 2016, 10:48:00 PM
     #914
    Quote from: andulolika on February 11, 2016, 10:41:27 PM
    ... why meeting in a shady place is considered safer?
    Because robing & raping you in a "poorly-lit, rat-infested dead-end alley, behind the dumpster" *is* safer.

  • angryrob
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    February 12, 2016, 04:29:46 PM
     #915
    Price fluctuation can be the most important reason for people not using bitcoins, as the price of bitcoin is too volatile that makes newbie to think twice before investing the money into it, and other reason is lack of knowledge of bitcoins.

  • DOGE12321
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    February 13, 2016, 03:39:17 AM
     #916
    there isnt really a definite answer for that. it depends on the person. Each person is different.Everyone would have their own limitations. one of the main reasons would be that most of our senior population have no idea of as to what Bitcoin is.

    however, this doesnt mean that i dont support everyone using bitcoin. i do recommend bitcoin now in our modern world. Now at least. Smiley Smiley Smiley

  • Monnt
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    February 13, 2016, 03:44:36 AM
     #917
    Quote from: DOGE12321 on February 13, 2016, 03:39:17 AM
    there isnt really a definite answer for that. it depends on the person. Each person is different.Everyone would have their own limitations. one of the main reasons would be that most of our senior population have no idea of as to what Bitcoin is.

    however, this doesnt mean that i dont support everyone using bitcoin. i do recommend bitcoin now in our modern world. Now at least. Smiley Smiley Smiley

    There may not be a definite answer, but there sure is a few main points -

    Illegal trade: bitcoin is notorious for its anonymity, and how much black-market traders love to keep that. Regular people like you and me don't want to be affiliated with them, and don't use bitcoin

    Attachment to fiat: exactly as dumb as it sounds.

  • ajun96
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    February 13, 2016, 05:16:49 AM
     #918
    Quote from: angryrob on February 12, 2016, 04:29:46 PM
    Price fluctuation can be the most important reason for people not using bitcoins, as the price of bitcoin is too volatile that makes newbie to think twice before investing the money into it, and other reason is lack of knowledge of bitcoins.
    after someone joins bitcoin supposed he must know what risks he would face. such as fluctuation of bitcoin. after he knew that, I'm sure he would not stop using bitcoin when the price falls

  • blackmachinegun
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    February 13, 2016, 05:54:18 AM
     #919
    I think the price decline would be devastating for most people, you can see. when the price reduction. many people who sell their bitcoin, I'm sure if prices fell 90%. many people will stop using bitcoin

  • 23dzmaz
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    February 13, 2016, 05:59:42 AM
     #920
    when bitcoin have no price or the bitcoin price decrease so down around $100. i'm sure people will stop using bitcoin, because it's like bitcoin is not worth anymore.
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