Post
Topic
Board Bitcoin Discussion
Re: [Article] 10 Reasons Why Cryptocurrency Isn't Mainstream Yet
by
cryptojacklife
on 15/05/2018, 13:59:28 UTC
1. The emotional quotient has still not developed for Bitcoin. There have to be as many retail usage case studies where Bitcoin helped people all around the world. Gold and Diamond has been marketed on emotional parameters and store of value

2. There is still a large population which beliefs in the physical presence of material for investment. Our mind has been tuned like this for years. So this can be changed over a period of time through marketing positive influence in the minds, not just talking about the monetary value. That's why people are not able to connect still

3. Governments are indecisive and not sure what to do with this moving forward. Basically, they have not done their homework for the last 9-10 years.

4. Banks are the most threatened, rather than finding a progressive way to exist, they want to kick this out without even knowing how it can help them. They are scared and creating FUD around.

5. The retail and corporate usage needs to increase. A lot of investors are watching closely on the stance governments are going to take. Once a sweet spot arrives, they will jump in. They are still not ready to take the risk.

6. A lot of us are not sure whether to support the technology (which is the main thing) or to just take them as the coins (which are traded). People are not bothered about the technology still (probably).

7. The whole crypto technology is evolving, needs to see more use cases