Are you using less Bitcoin than you did last year?

Wolframite

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Quote from: jeromanomic on June 03, 2015, 04:38:13 AM

I just read through this post:
http://www.finance-guy.net/finblog/bitcoin-vol-up

if daily transactions are down 20%, then it makes sense that we are using Bitcoin less than we did 6 months ago.

What do you guys think, is Bitcoin use falling?

If so, what can we do to help increase it?

I dont think Bitcoin use is falling because lot of people started using bitcoin when the price was 1000$ also nowdays bitcoin is accepted in many places and reason for less transactions would be that lots of people are holding their bitcoins ,waiting for the price to go high again.....

NorrisK

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Price doesn't matter if you buy them at the moment you need them. Or buy them now and spend them tomorrow. Bitcoin is not that volatile... Just buy "new" coins at current price if you are afraid to spend the coins you bought at 700 USD a pop..

bitnanigans

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People are most likely holding expecting the price to go back up to $1000. It'll take a while for bitcoin to get up to that level again.
I still spend bitcoin on purchases where I can and the option is available.

Ruzka

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I can't speak for everyone but I am using bitcoin more than I did last year, I've had to the price is crazy low and need to build my holdings or they just sit there and lose value. The only thing that can change the amount using it is by adoption, we need people to need/want to use it and with that the price will no doubt rise as well. It doesn't look like people want to spend it even when they have reason though because they think bitcoin is going to $1000+ $10,000 so we need to change this mind frame.

josephno1

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Get Free Mobile Data http://get.kickbit.com/1/oexq

Quote from: ?? on ??

I am using it more I buy it only when the price of KHS in my favorite cloudmining site is at best price. dont want to missed the opprtunity

You do realize that most cloud mining sites are ponzis? I assume that you are talking about scrypt.cc which does show a lot of signs with a ponzi (such as a fake forum, non existent customer support, no proof of mining)

Anyways back to the subject. Last year believe it or not I didn't spend any bitcoins. This year I bought a one month vpn to use on vacation. The thing about bitcoins is that often times you have to go out of your way to spend them or find d somewhere that accepts them.

Xialla

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/dev/null

using bitcoin these days is actually selling it for current price..which is quite low from majority perspective. so no suprise here, is better to use paypal than sold BTC at ~250$ range. at least for me..

Clint

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I know for certain I am, because 2015 has not been a rise for bitcoin, it dropped so much. What's the point of doing this investments with this price? We're all just holding them and waiting for it to rise. When the price goes up, I ain't leaving my house, bitcoin all day long. Wink

Herbert2020

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Quote from: wearepoor on June 04, 2015, 04:01:17 PM

Quote from: blablaace on June 03, 2015, 05:21:50 PM

I'm hardly using bitcoin at all these days

What's wrong with you?? people have started using bitcoins in more numbers as compared to the past why are you not using??

I am using my bitcoins in all the sense as possible i make payment online by using bitcoins whether it is phone recharge or skype recharge i make the payment by using my bitcoins and i find it very easy and safe.

he might be accumulating bitcoin, just buy and hold for long term. many people are doing that these days.

besides charging phone with bitcoin or things like that are not available in all countries. in some places there are not many uses for bitcoin and some places there are none except buying and selling it.

subSTRATA

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:^)

Quote from: wearepoor on June 04, 2015, 04:01:17 PM

Quote from: blablaace on June 03, 2015, 05:21:50 PM

I'm hardly using bitcoin at all these days

What's wrong with you??

no need to be condescending or insulting, its not as if not using bitcoin makes you a worse person or something. just because bitcoin is integrated into more forms of payment nowadays doesnt obligate anyone to use it; im sure this person has their reasons, even though they didnt state any of them.

wearepoor

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Quote from: blablaace on June 03, 2015, 05:21:50 PM

I'm hardly using bitcoin at all these days

What's wrong with you?? people have started using bitcoins in more numbers as compared to the past why are you not using??

I am using my bitcoins in all the sense as possible i make payment online by using bitcoins whether it is phone recharge or skype recharge i make the payment by using my bitcoins and i find it very easy and safe.

tvbcof

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Did a couple of transactions almost exactly one year ago and have not done one since as far as I remember. Maybe used blockchain.io for donation purposes once or twice since then but i don't recall the details.

Bitcoin is and expensive, risky, and highly inconvenient replacement for mainstream systems like Visa, PayPal, ACH, etc. Why people think it has any realistic chance of being competitive in this space is beyond me.

zendantom

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Quote from: bornil267645 on June 03, 2015, 05:01:26 AM

Well if you look at the forum you will see an exponential growth in the sig campaign and people are earning more an more BTC everyday. So I don't think BTC is less popular. The thing is market i holding and so is the users.

Yes i believe that too.. BTC is gaining popularity and it is increasing day by day the main reason behind it is that the awareness level is not too high when it comes to bitcoin but as we belong to bitcoin community we want that awareness level should go higher and higher and it will regain its popularity and value.

shorena

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No I dont escrow anymore.

Quote from: BillyBobZorton on June 04, 2015, 09:49:47 AM

Quote from: subSTRATA on June 03, 2015, 09:44:19 AM

Quote from: AtheistAKASaneBrain on June 03, 2015, 09:42:26 AM

I am using it more, basically because I have a lot more than I did last year, and can't afford spending a bit more.
I would use it daily if my wage was paid on BTC.

There is actually a service that does that, not sure if its offered for your employer, but its worth checking out: https://www.bitwage.co/

If I told my boss "hey, I can't stand this dollar shit anymore, can you pay me in Bitcoin?" He would probably call the shrink and put me on a mental institution.

Unless you are working something Bitcoin related, it's not easy to find a boss that will understand what even Bitcoin is to bother. Too early yet.

Click the link, you dont have to tell your boss anything but your new bank account information.

BillyBobZorton

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Quote from: subSTRATA on June 03, 2015, 09:44:19 AM

Quote from: AtheistAKASaneBrain on June 03, 2015, 09:42:26 AM

I am using it more, basically because I have a lot more than I did last year, and can't afford spending a bit more.
I would use it daily if my wage was paid on BTC.

There is actually a service that does that, not sure if its offered for your employer, but its worth checking out: https://www.bitwage.co/

If I told my boss "hey, I can't stand this dollar shit anymore, can you pay me in Bitcoin?" He would probably call the shrink and put me on a mental institution.

Unless you are working something Bitcoin related, it's not easy to find a boss that will understand what even Bitcoin is to bother. Too early yet.

Amph

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Quote from: hangar18 on June 04, 2015, 02:39:15 AM

the problem is that ppl have no incentive to buy and spend bitcoin. we need be some kind of trigger to push ppl to adopt it.

in other words we need to get out from the niche group that bitcoin is aiming too, something that could trigger it would be to offer discount on various product if you pay it with bitcoin

another thing is promoting the fact that bitcoin require less fees to move big amount of money(but also a small amount) compared to fiat

but in the end the number of tx per day are increasing, so people are actually using it more, the progress is just too damn slow

bitbaby

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I am using more this year than the previous year I think, I have found some services which I use to pay for in fiat and I just pay them using bitcoin now and I usually get a discount which is a plus and it's easier to pay with bitcoin sitting from my home and so far they have proven to be reliable and what I do is take cash from my relatives/friends and pay for their services too. I also bought some computer hardware recently and found someone who was willing to take bitcoins and order the stuff from a site which only accepted credit/debit cards, paypal etc.

I am also buying more since I spend it on regular basis now, give or take I think I buy-spend-repeat half a bitcoin every month now since last couple of months.

pooya87

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every now and then you can see a new business that starts using bitcoin. so obviously bitcoin usage can not be reduced. if anything it has been increased.

but maybe if the statistics about daily transactions volume decrease is accurate, it might be because more people are holding their bitcoins these days rather than spending it.

that is exactly what i am doing these days, i try to buy whenever i can and hold. but i still have my tradings going on too.

hangar18

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the problem is that ppl have no incentive to buy and spend bitcoin. we need be some kind of trigger to push ppl to adopt it.

blablaace

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Merit: 250

I'm hardly using bitcoin at all these days

newcripto

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No,I am using and trading Bitcoin more comparing to last year.As you said in your post use of Bitcoin is falling, I don't agree with that because this year Bitcoin has more adoption and popularity than last year.Use of Bitcoin will just increase each year than the last one from now on.

Topic: Are you using less Bitcoin than you did last year? (Read 2738 times)