Quote from: danherbias07 on August 02, 2016, 12:42:34 AM

Quote from: ausbit on August 01, 2016, 08:55:08 PM

Quote from: SirLancelot on August 01, 2016, 02:26:56 PM

Quote from: prtty2gal2 on July 30, 2016, 08:19:46 PM

Quote from: justdimin on July 29, 2016, 11:58:04 PM

Quote from: klf on July 29, 2016, 03:51:20 AM

Quote from: fiulpro on July 28, 2016, 03:57:50 PM

I think the price volatility, lots of incidents related to black market activities and many other anti-government activities are the major cause that's stopping people from using bitcoins.

I don't think BTC price volatility is the primary cause for not using it. But based on my knowledge as of now bitcoins are not accepted by many governments because they can't track the transactions and can't put taxes on to it so many businesses are not taking it as a payment method. Currently, bitcoins are used mostly in online gambling and for some limited online activities.

The price volatility of bitcoin is a concern for the merchants to accept bitcoin payments. When they are accepting bitcoin payments and if the price of bitcoin get lowered then they might incur losses. Also, the pending approvals from the government is a big concern for many people, and they are still waiting for any view from their government to start using bitcoins.

You are talking about only losses, but if you are accepting bitcoin payments then we are also having chances to multiply your money when bitcoin prices go up. If you are not ready to take this little risk then you should not adopt bitcoin payments. But, I agree price volatility might be a main concern for many people and still stopping them from using bitcoin.

The fear of price volatility must be the lack of knowledge about bitcoin ecosystem. If you are having all the knowledge about the advantages of bitcoin price volatility, then you will never find it as a concern to start using bitcoins. Because, bitcoin has the unique feature of being used as money as well as investment opportunity. An investment always has some risks.

Overall, I have seen only due to the lack of awareness about bitcoin system, many people are finding themselves feared and not using it yet. They fear for legal issues, price volatility, complex in handling while sending and receiving payments etc. But all the above problems are quickly will be solved when you are having enough knowledge about those things.

Definitely right. I am one of those scaredy cats when it comes to investments. I always think that it will be another scam. That negative feeds are lost when I knew how it all works. Yes it is different from other invesment and some people also are afraid of something new.

Agreed with you mate if there is something new investment site we are now afraid to invest again specially to those users who have bad experience that they got scam that is why they stop investing their bitcoin but they do not stop using bitcoin.