Bitcoin Market Opportunities? - page 2.

Kemarit

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Quote from: EXtremeAEX on June 01, 2017, 09:12:31 AM

Bitcoin prices are on the rise, what do you think are some opportunities that Bitcoin can bring to the community?

From what I see, BTC remains as a cryptocurrency for investments, business/online services, and we are not seeing a lot of these BTC in our communities (yet).

What are some ways to promote and make use of BTC in our daily lives? An Example I can think of is to make Bitcoin payment through mobile easier, like AndroidPay.

You will not see a member sharing how many bitcoin investment he/she has that's why you don't see it much discuss in our community for security purpose.

For business/online services, I think there are few I saw that is putting business and accepting bitcoin payment. You go try explore marketplace thread. Personally, I have a offline business and I just used bitcoin as additional cashflow. If I needed a new capital I just withdraw my bitcoin and convert it to fiat then put the money in my offline business.

darkangel11

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Don't let others control your BTC -> self custody

Quote from: lite on June 01, 2017, 02:24:25 PM

Quote from: EXtremeAEX on June 01, 2017, 09:12:31 AM

Bitcoin prices are on the rise, what do you think are some opportunities that Bitcoin can bring to the community?

From what I see, BTC remains as a cryptocurrency for investments, business/online services, and we are not seeing a lot of these BTC in our communities (yet).

What are some ways to promote and make use of BTC in our daily lives? An Example I can think of is to make Bitcoin payment through mobile easier, like AndroidPay.

Wear a t-shirt with bitcoin logo? i'm gonna get myself a t-shirt with bitcoin logo on it soon. Wink

mycelium(or any other android wallets) can be used to pay at places where bitcoin is accepted, just scan the qr code and send the amount!

You can also print a QR code and your personal address. There were people who did it back in the day and earned some donations.
It works both ways. Helps popularize bitcoin and brings you profit, even if it's just a small one to compensate the cost of making that T-shirt. Wink

lite

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Activity: 1400

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Quote from: EXtremeAEX on June 01, 2017, 09:12:31 AM

Bitcoin prices are on the rise, what do you think are some opportunities that Bitcoin can bring to the community?

From what I see, BTC remains as a cryptocurrency for investments, business/online services, and we are not seeing a lot of these BTC in our communities (yet).

What are some ways to promote and make use of BTC in our daily lives? An Example I can think of is to make Bitcoin payment through mobile easier, like AndroidPay.

Wear a t-shirt with bitcoin logo? i'm gonna get myself a t-shirt with bitcoin logo on it soon. Wink

mycelium(or any other android wallets) can be used to pay at places where bitcoin is accepted, just scan the qr code and send the amount!

EXtremeAEX

hero member

Activity: 798

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Quote from: YuginKadoya on June 01, 2017, 11:25:59 AM

How would other's accept bitcoin if they are not interested with it? I know this is great and all that bitcoin can now have a direct transactions with all the things we want but I think some countries would surely be against it, and if not the countries peoples knowledge towards bitcoin is very limited right now even though the price of bitcoin is at large there are definitely media blockage and I think over a 45% or less in the world had a knowledge with bitcoin well that is my speculation about the percentage but I think it is surely low,

But one thing I know about bitcoin, that there are many things that we can do towards it regardless of what are we doing to Fiat money, over investing, spending, trading, and saving.

I totally agree, there are no incentives for people to use Bitcoin instead of cash too, looks like for now it is used more widely on online platforms. Bitcoin could be used like a credit card so you don't have to bring cash around. Most people around only knew about Bitcoin after the ransomware attack.

The bad thing about Bitcoin that it is volatile compared to USD so it is like stocks, a mobile 'investment' where you can carry around. Still looking for ideas to promote Bitcoin and for any Bitcoin related services .

amacar2

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There are already many web wallets that offer mobile wallet which can be used to receive and send bitcoin by just scanning QR codes. And I have also heard of few local bitcoin wallets that offer bitcoin payments via SMS and email. What we still lack is number of local shops/merchants who are willing to accept bitcoin as payment. There are lots of reason for this and one of the strong reason is price volatility bitcoin have.

YuginKadoya

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Quote from: Fredomago on June 01, 2017, 10:06:31 AM

Quote from: bouren on June 01, 2017, 09:47:13 AM

Bringing bitcoin to ground is not that difficult. It is us who need to take initiative to ensure bitcoin expand its reach more than just being investment item.
One of the easiest way is mass adoption of bitcoin as 'payment mode' in big shopping center or mall.
If all shops and restaurants in single building start accepting bitcoin, person could cater all his needs at one place. This will surely going to bump up bitcoin usage.

i agree if there's a big well established business that will accept bitcoin as their payment process it will be adopted by other's, and a shopping malls or a super market from well known place inside our country will start the popularity of bitcoin from the said place, so aside for being an investment daily use will also be a big factor to increase the value more.

How would other's accept bitcoin if they are not interested with it? I know this is great and all that bitcoin can now have a direct transactions with all the things we want but I think some countries would surely be against it, and if not the countries peoples knowledge towards bitcoin is very limited right now even though the price of bitcoin is at large there are definitely media blockage and I think over a 45% or less in the world had a knowledge with bitcoin well that is my speculation about the percentage but I think it is surely low,

But one thing I know about bitcoin, that there are many things that we can do towards it regardless of what are we doing to Fiat money, over investing, spending, trading, and saving.

LuanX3

hero member

Activity: 756

Merit: 505

Usually bitcoins are used for investments. But the problem with this is that it is creating a lock on bitcoins where prices just continue to rise and people just keeps their coins. Which also translate to it's prices going up due to the scarcity of it. But when the time comes, that prices reach a certain point that everybody feels it is right to sell, then prices will plummet pretty bad.

aoluain

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Quote from: bouren on June 01, 2017, 09:47:13 AM

Bringing bitcoin to ground is not that difficult. It is us who need to take initiative to ensure bitcoin expand its reach more than just being investment item.
One of the easiest way is mass adoption of bitcoin as 'payment mode' in big shopping center or mall.
If all shops and restaurants in single building start accepting bitcoin, person could cater all his needs at one place. This will surely going to bump up bitcoin usage.

This is actually a good idea!
If we could somehow approach the management company of a particular
Shopping Mall with the idea of having a payment method for bitcoin for
each individual shop there it would certainly raise the awareness and
useage of it.

BUT

I think until the value stabilizes, the fees expecially for micro payments and
the confirmation times are sorted out its going to be difficult.

Fredomago

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Quote from: bouren on June 01, 2017, 09:47:13 AM

Bringing bitcoin to ground is not that difficult. It is us who need to take initiative to ensure bitcoin expand its reach more than just being investment item.
One of the easiest way is mass adoption of bitcoin as 'payment mode' in big shopping center or mall.
If all shops and restaurants in single building start accepting bitcoin, person could cater all his needs at one place. This will surely going to bump up bitcoin usage.

i agree if there's a big well established business that will accept bitcoin as their payment process it will be adopted by other's, and a shopping malls or a super market from well known place inside our country will start the popularity of bitcoin from the said place, so aside for being an investment daily use will also be a big factor to increase the value more.

bouren

sr. member

Activity: 392

Merit: 250

Bringing bitcoin to ground is not that difficult. It is us who need to take initiative to ensure bitcoin expand its reach more than just being investment item.
One of the easiest way is mass adoption of bitcoin as 'payment mode' in big shopping center or mall.
If all shops and restaurants in single building start accepting bitcoin, person could cater all his needs at one place. This will surely going to bump up bitcoin usage.

EXtremeAEX

hero member

Activity: 798

Merit: 503

Bitcoin prices are on the rise, what do you think are some opportunities that Bitcoin can bring to the community?

From what I see, BTC remains as a cryptocurrency for investments, business/online services, and we are not seeing a lot of these BTC in our communities (yet).

What are some ways to promote and make use of BTC in our daily lives? An Example I can think of is to make Bitcoin payment through mobile easier, like AndroidPay.

Take note of these downsides of Bitcoins:

High Fees
Delays
No incentives for people to use BTC

Topic: Bitcoin Market Opportunities? - page 2. (Read 1006 times)