Bitcoins Everywhere? Not yet... - page 9.

vaxo_nba

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Quote from: hubballi on February 17, 2017, 03:53:59 PM

Quote from: wizmo on February 17, 2017, 02:56:50 PM

It will take more than a year for people to use bitcoins I've seen many people still doesn't even know how to use bitcoins or how to use wallet or maybe they're afraid to loose money as bitcoin is digital currency you can't blame anyone if your bitcoin is lost so it will take some time.

Hey not 1 year but it will take more then 10 yrs for every one to use bitcoin and its technology, as most of them are still not familiar with internet and its uses, but who knows in that 50% of them are afraid to use the online currency as they are afraid of fraud and misuse of it.

That's another reason - trust. In our era when nobody is prevented from cyber offence we can not make guarantees that even our wallets are totally safe when even big companies experience problems from hackers.

abel1337

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Quote from: coin revolution on February 17, 2017, 09:04:43 PM

Quote from: vaxo_nba on February 14, 2017, 12:20:25 PM

Most of the members consider bitcoin as major currency of future. Let us assume that it will be accomplished one day, but before that, I wonder which spheres of our everyday life will adapt bitcoin first?

Especially in online payment systems can be used very comfortably. Today we buy everything online. For example, I can use bitcoin to migros accept payments. I can buy what I need for my kitchen shopping on the internet. Once payments made with Bitcoin have been approved, orders can be brought up to the door.

Bitcoin is maybe the future online payment processor , i agree that it is very comfortably use and some of online shops now are using bitcoin as their payment processor. In the future online shops will use bitcoin too , they will realize the comfortability of it.

coin revolution

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Quote from: vaxo_nba on February 14, 2017, 12:20:25 PM

Most of the members consider bitcoin as major currency of future. Let us assume that it will be accomplished one day, but before that, I wonder which spheres of our everyday life will adapt bitcoin first?

Especially in online payment systems can be used very comfortably. Today we buy everything online. For example, I can use bitcoin to migros accept payments. I can buy what I need for my kitchen shopping on the internet. Once payments made with Bitcoin have been approved, orders can be brought up to the door.

hubballi

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Quote from: wizmo on February 17, 2017, 02:56:50 PM

It will take more than a year for people to use bitcoins I've seen many people still doesn't even know how to use bitcoins or how to use wallet or maybe they're afraid to loose money as bitcoin is digital currency you can't blame anyone if your bitcoin is lost so it will take some time.

Hey not 1 year but it will take more then 10 yrs for every one to use bitcoin and its technology, as most of them are still not familiar with internet and its uses, but who knows in that 50% of them are afraid to use the online currency as they are afraid of fraud and misuse of it.

wizmo

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It will take more than a year for people to use bitcoins I've seen many people still doesn't even know how to use bitcoins or how to use wallet or maybe they're afraid to loose money as bitcoin is digital currency you can't blame anyone if your bitcoin is lost so it will take some time.

blackhawkeye1912

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Quote from: vaxo_nba on February 14, 2017, 12:20:25 PM

Most of the members consider bitcoin as major currency of future. Let us assume that it will be accomplished one day, but before that, I wonder which spheres of our everyday life will adapt bitcoin first?

It's normal for the community here to think bitcoin will be the future currency because that's what they want it to be happen. The first thing will adapt for the advertising companies that in line with online business, then second was the online shopping in the internet. then to follows is the corporate companies in the world.

vaxo_nba

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Quote from: wuvdoll on February 16, 2017, 02:13:01 PM

Quote from: Bitcoinsummoner on February 16, 2017, 01:43:01 PM

As of now we are still just few who knows about bitcoin even we are growing rapidly do you think more people are staying in bitcoin.. they are also decreases not only getting more bitcoin holders there are also people who are just staying away in bitcoin after they experience bad things about bitcoin..

About what bad things you are talking about ? Is it investment losses due to bitcoin fluctuation or bought bitcoins but unable to spend it due to unable to find a merchant in local area ?

It could be anything but definitely it is not due to basic bitcoin ecosystem's concepts. So definitely those people will get back to bitcoin if they have experienced any bad things. When bitcoin is getting mass adoption it will be there in every part of this world so everyone will start using it for sure.

Maybe it's true but it requires not a little number of years Grin

I don't think population of poor countries (I mean the level below average point) will wait for it.

wuvdoll

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Quote from: Bitcoinsummoner on February 16, 2017, 01:43:01 PM

As of now we are still just few who knows about bitcoin even we are growing rapidly do you think more people are staying in bitcoin.. they are also decreases not only getting more bitcoin holders there are also people who are just staying away in bitcoin after they experience bad things about bitcoin..

About what bad things you are talking about ? Is it investment losses due to bitcoin fluctuation or bought bitcoins but unable to spend it due to unable to find a merchant in local area ?

It could be anything but definitely it is not due to basic bitcoin ecosystem's concepts. So definitely those people will get back to bitcoin if they have experienced any bad things. When bitcoin is getting mass adoption it will be there in every part of this world so everyone will start using it for sure.

Bitcoinsummoner

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Maintain Social Distance, Stay safe.

As of now we are still just few who knows about bitcoin even we are growing rapidly do you think more people are staying in bitcoin.. they are also decreases not only getting more bitcoin holders there are also people who are just staying away in bitcoin after they experience bad things about bitcoin..

cryp24x

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Quote from: oktana on February 16, 2017, 01:13:22 PM

Quote from: vaxo_nba on February 16, 2017, 04:26:45 AM

If we arise the idea of paying everything via electronic devices, we must also take into account "Least Developed" and fourth world countries where modern technologies aren't developed properly.

Initially Bitcoin only growing rapidly in developed countries, but now there is everywhere, this progress is running normally.

"Onelife, onecoin" very successful in Africa, though wrapped in HYIP. In a third country/fourth, all understanding bitcoin begins with gathering business/member get member, and doesn't require online (only a few people who should be online), and as a result almost all of them can buy supplies pc/internet on their own. So all will automatically fill, we shouldn't be confused, They are in third country/fourth that will find answers themselves.

There are still places that is unreached by Bitcoin. Even in the main city of my country, seldom have known bitcoin and more rare are the people who actually use it. One of the reason is that, Bitcoin are used mainly for trading and profit earning, while it would spread faster if used by merchants. But due to the fact that transaction confirmation speed sucks, merchant can't do anything but to wait till the problem with confirmation is fixed.

oktana

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Eloncoin.org - Mars, here we come!

Quote from: vaxo_nba on February 16, 2017, 04:26:45 AM

If we arise the idea of paying everything via electronic devices, we must also take into account "Least Developed" and fourth world countries where modern technologies aren't developed properly.

Initially Bitcoin only growing rapidly in developed countries, but now there is everywhere, this progress is running normally.

"Onelife, onecoin" very successful in Africa, though wrapped in HYIP. In a third country/fourth, all understanding bitcoin begins with gathering business/member get member, and doesn't require online (only a few people who should be online), and as a result almost all of them can buy supplies pc/internet on their own. So all will automatically fill, we shouldn't be confused, They are in third country/fourth that will find answers themselves.

vaxo_nba

newbie

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If we arise the idea of paying everything via electronic devices, we must also take into account "Least Developed" and fourth world countries where modern technologies aren't developed properly.

bitcoinpos

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The world of digital currency trading has been explosive over the last couple of years, with the introduction of Ethereum in 2015, and the value of Bitcoin more than doubling in 2016. It appears that young BitConnect Coin (BCC) is another new area of significant growth within the digital altcoin community as it adds newest features for 2017.

https://bitconnect.co/bitcoin-news/438/bitconnect-coin-continues-price-surge-mobile-apps-launch-nears/

paul gatt

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Quote from: requester on February 16, 2017, 01:54:42 AM

So bitcoin is in baby stage for many people Hardly 1% of the total population knows about bitcoin in my country so when there is such type of low rate adoption so bitcoin accepting service will also be low. But if government make it officially legal coin then adoption will increase and then we could say yes bitcoin is everywhere.

you said very accurate, current, Bitcoin is little known, the main reason is that the government is not legitimate it, if it is accepted by the government, the people will use such as the common currency, it can grow than. Therefore, the government is the direct cause of the development. I hope Bitcoin will be accepted worldwide

positivezero

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Quote from: vaxo_nba on February 14, 2017, 12:20:25 PM

Most of the members consider bitcoin as major currency of future. Let us assume that it will be accomplished one day, but before that, I wonder which spheres of our everyday life will adapt bitcoin first?

Yes i also consider bitcoin as one of the major currency in the future since it gives more benefits, like of course in earning extra money, the freedom that we can get from it, every transactions we've done in bitcoin(easier and convenient way) also first things first bitcoin can change our lifestyle like how to manage our time(time management), efforts and just adjust everything to fit the things everyday

requester

sr. member

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So bitcoin is in baby stage for many people Hardly 1% of the total population knows about bitcoin in my country so when there is such type of low rate adoption so bitcoin accepting service will also be low. But if government make it officially legal coin then adoption will increase and then we could say yes bitcoin is everywhere.

iram3130

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Quote from: eternalgloom on February 15, 2017, 03:36:28 PM

Quote from: deisik on February 15, 2017, 10:54:54 AM

Quote from: iram3130 on February 15, 2017, 07:23:40 AM

Well, not yet. And it needs many more years to reach that point. Merchants are not understanding the profit of using Bitcoin as a payment gateway. Bitcoin need more advertisement and popularity in the business world to make that happen

I don't think it will help in any significant degree

I guess many online businesses are perfectly aware of Bitcoin and possibilities that accepting payments with it could provide. It seems that they don't accept Bitcoin because of two major reasons. First, Bitcoin is not accepted by most governments as a legal payment method for most merchants (barring exporters) since it is treated either as a commodity or foreign currency (which is usually not allowed as a legal payment). Second, Bitcoin price is volatile so it makes no particular sense for merchants to accept Bitcoin if they could just accept dollars

You mention that Bitcoin is not accepted as legal payment by governments, thus most merchants are not able to accept it as legal payment. But what if they make use of a service like Bitpay?
They would receive the payments in fiat currency, so it would be legal then, or not?

Another factor would be that the cost of implementing Bitcoin payments and the support for it is greater than the possible profits to be made from that.

I do know and have concerns about the volatility problem of Bitcoin. But if merchants start using Bitcoin as a payment gateway through the services provided by Bitpay or likely sites then it will obviously increase the popularity and usage of Bitcoin in a wide range.
I have seen some Logistics and travel agencies started using Bitcoin as their payment gateway through service providers, that will encourage the users to go for Bitcoin than fiat.

avatar_kiyoshi

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Quote from: iram3130 on February 15, 2017, 07:23:40 AM

Well, not yet. And it needs many more years to reach that point. Merchants are not understanding the profit of using Bitcoin as a payment gateway. Bitcoin need more advertisement and popularity in the business world to make that happen.

I think the main problem is the demand/buyer. I'm sure some merchant aware about bitcoin and I'm sure they will interest, so they will learn more, but the main problem is after the merchant implement bitcoin into their shop, people around not aware or even not interested to bitcoin(could be to lazy to understanding/self-taught), i think it's not just advertising, the education is important too.
It's happens to my local machine shop which accept bitcoin, the uses of bitcoin for transaction very rare.

eternalgloom

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Quote from: deisik on February 15, 2017, 10:54:54 AM

Quote from: iram3130 on February 15, 2017, 07:23:40 AM

Well, not yet. And it needs many more years to reach that point. Merchants are not understanding the profit of using Bitcoin as a payment gateway. Bitcoin need more advertisement and popularity in the business world to make that happen

I don't think it will help in any significant degree

I guess many online businesses are perfectly aware of Bitcoin and possibilities that accepting payments with it could provide. It seems that they don't accept Bitcoin because of two major reasons. First, Bitcoin is not accepted by most governments as a legal payment method for most merchants (barring exporters) since it is treated either as a commodity or foreign currency (which is usually not allowed as a legal payment). Second, Bitcoin price is volatile so it makes no particular sense for merchants to accept Bitcoin if they could just accept dollars

You mention that Bitcoin is not accepted as legal payment by governments, thus most merchants are not able to accept it as legal payment. But what if they make use of a service like Bitpay?
They would receive the payments in fiat currency, so it would be legal then, or not?

Another factor would be that the cost of implementing Bitcoin payments and the support for it is greater than the possible profits to be made from that.

grandy

sr. member

Activity: 378

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Quote from: iram3130 on February 15, 2017, 07:23:40 AM

Well, not yet. And it needs many more years to reach that point. Merchants are not understanding the profit of using Bitcoin as a payment gateway. Bitcoin need more advertisement and popularity in the business world to make that happen.

everyone have their own field, traders are reluctant about the price of bitcoin. i think if the price of bitcoin will remain constant then they will certainly take more and more interest in bitcoin. but i think it still require some more time.

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