Do you actually use Bitcoin? - page 7.

nick_nick

full member

Activity: 350

Merit: 100

Quote from: fargoway on July 10, 2018, 06:31:33 AM

As far as I am more and more in it, I can do some conclusions.

1) People are mostly not using the Bitcoin (altcoins as well);
2) Crypto-enthusiasts are real enthusiasts only when the price goes up;
3) Even considering there are more crypto-companies appear which offer their services, and more people join our community - the level of crypto education and adoption is still very low;

Almost 95% of all people in crypto I know personally are holding or trading, but not using it to its functionality. I cannot judge anyone for this, but let's be honest - it won't bring you any money if you just will buy it and wait.

So, there is a question: "How much of you use Bitcoin or any other cryptocurrency to its full capacity?" I am curious about this because as for now it looks like there is only a small group of people making some contributions.

I believe you have given solutions to the questions yourself. people rarely use bitcoins as well as altcoins simply because of the issue of acceptance by many economies for legal transactions. This has limit its effect as a medium of exchange and hence its usage. Again, the level of knowledge on cryptocurrencies(education) is comparably low ; this makes it difficult to be use for transaction and hence low demand

semarm3sem

newbie

Activity: 91

Merit: 0

until now I have never used bitcoin to make payment. but with my income from bitcoin in converter to fiat currency can support my daily needs.

Sihab76

full member

Activity: 1302

Merit: 100

Yes i completely use bitcoin because i have no job without bitcoin trading and mining. Last year 2017 i completely involve myself in crypto world.

richardson1128

newbie

Activity: 27

Merit: 0

Not all people are aware of bitcoin or any other alt coins. And not all people knows how to use computer/internet. Many people cant even deposit in banks how much more on putting money in bitcoin? But as time goes by, I know these people will be able to use bitcoin and alt coins just like we all do.

anything9ce

jr. member

Activity: 127

Merit: 3

wow i think bitcoin is simply amazing and the most amazing part about bitcoin is you have exchanged. i personally make use you of my bitcoin to purchase stuffs online and also trade the coin and convert it to my local country currency which simply amazing

Leo Barnes

newbie

Activity: 154

Merit: 0

Quote from: fargoway on July 10, 2018, 06:31:33 AM

As far as I am more and more in it, I can do some conclusions.

1) People are mostly not using the Bitcoin (altcoins as well);
2) Crypto-enthusiasts are real enthusiasts only when the price goes up;
3) Even considering there are more crypto-companies appear which offer their services, and more people join our community - the level of crypto education and adoption is still very low;

Almost 95% of all people in crypto I know personally are holding or trading, but not using it to its functionality. I cannot judge anyone for this, but let's be honest - it won't bring you any money if you just will buy it and wait.

So, there is a question: "How much of you use Bitcoin or any other cryptocurrency to its full capacity?" I am curious about this because as for now it looks like there is only a small group of people making some contributions.

Maybe because only are few who are aware of bitcoin and cryptocurrency people are afraid of changes to the thing that they don't really understand. Me I use bitcoin to buy an ICO.

Emmax

newbie

Activity: 126

Merit: 0

Quote from: Cowming88 on July 13, 2018, 05:54:14 AM

Well, i just hold my bitcoin and sometime I use it when i need to have a cash i sell my bitcoin, even if the bitcoin is in the lowest price,but i have no reason because i need it. Knowing that it will become higher in the market price when the time comes that bitcoin will be reach the highest value.

I love the conclusion you have made. Bitcoin will be good in the market again even if it will take time before the price goes up. But that does not mean we should not used it when will have not cash at hand. I have some bitcoin in my wallet but make you of them frequently no Matter the price. Reason why is because sometimes I need at hand.. Which make me to sell and when money come again I buy and keep again.

Cj29

newbie

Activity: 99

Merit: 0

Me im not quetly use bitcoin. I use altcoin to make profit. Because im a bounty hunter. But thier are bounties that reward btc but its so hard to participate due to participant limit. But i use bitcoin in withdrawing or transact my payment bills

gbccoin

newbie

Activity: 34

Merit: 0

Actually, I hold them. I have never sold any of mine yet even I have not pay for anything by it.

MinerFTW

sr. member

Activity: 462

Merit: 250

Quote from: fargoway on July 10, 2018, 06:31:33 AM

As far as I am more and more in it, I can do some conclusions.

1) People are mostly not using the Bitcoin (altcoins as well);
2) Crypto-enthusiasts are real enthusiasts only when the price goes up;
3) Even considering there are more crypto-companies appear which offer their services, and more people join our community - the level of crypto education and adoption is still very low;

Almost 95% of all people in crypto I know personally are holding or trading, but not using it to its functionality. I cannot judge anyone for this, but let's be honest - it won't bring you any money if you just will buy it and wait.

So, there is a question: "How much of you use Bitcoin or any other cryptocurrency to its full capacity?" I am curious about this because as for now it looks like there is only a small group of people making some contributions.

As a matter of fact, I personally and the people I know do not use BTC as a currency. We all use it to make long-term investment or for trading on the market.

Peashooter

sr. member

Activity: 868

Merit: 257

Quote from: Janeterrekg on July 10, 2018, 06:56:25 AM

Yes, I am actually using Bitcoins, and I am a proud Bitcoin user. The country where I belong does't banned Bitcoin or the whole crypto currency community, but rather it support the crypto world. Bitcoin is a great medium to be used as a currency. I hope that other people will also know Bitcoin and be a part of the crypto currency community.

That's good news cause your country are open minded in the new technology of cryptocurrency and they know the benefits and advantage of bitcoin in your country. Like you I also wish that someday all people are interested to join in bitcoin for there future become successful.

Supremacy2

jr. member

Activity: 132

Merit: 1

Quote from: fargoway on July 10, 2018, 06:31:33 AM

As far as I am more and more in it, I can do some conclusions.

1) People are mostly not using the Bitcoin (altcoins as well);
2) Crypto-enthusiasts are real enthusiasts only when the price goes up;
3) Even considering there are more crypto-companies appear which offer their services, and more people join our community - the level of crypto education and adoption is still very low;

Almost 95% of all people in crypto I know personally are holding or trading, but not using it to its functionality. I cannot judge anyone for this, but let's be honest - it won't bring you any money if you just will buy it and wait.

So, there is a question: "How much of you use Bitcoin or any other cryptocurrency to its full capacity?" I am curious about this because as for now it looks like there is only a small group of people making some contributions.

The best way to use Bitcoin in some underdeveloped countries is by buying it at dip price and sell at higher price, then exchange it to fiat. Especially in some Africa countries where the government doesn't recognise Bitcoin at all.

SimonJones

sr. member

Activity: 485

Merit: 250

Yes I use Bitcoins at Indiegala.com to buy games when they have bundles on discount.

fargoway

newbie

Activity: 164

Merit: 0

Quote from: Adam Waters on July 13, 2018, 05:57:08 AM

All the hype is from lack of knowledge of what bitcoin and how it is used. Talking with people everyday it is clear they have no idea what it is. However we are seeing new users daily added to the exchange sites so the awareness is growing rapidly.

Greatly said. I would say more than a half of people don't understand what Bitcoin is for.. they just see a tool to quickly get profit and that's it.

brightology

jr. member

Activity: 209

Merit: 1

Any time i do not have bitcoin in my wallet, i buy bitcoin Coin, because is the one of my online tools to buy some items used and is faster than others means of payment online, therefore i actually make use of bitcoin every week.

nikki4

full member

Activity: 496

Merit: 100

Of course and certainly I am. I am a proud user of Bitcoin and I will continuously use it. I am glad that my friend give me the opportunity to knew and enter the world of Bitcoin. This crypto currency is the best of all for me, and I greatly considered this as the King or ruler over all other crypto currencies.

BertoloyBTC

newbie

Activity: 196

Merit: 0

Actually I have not yet reach the whole number of bitcoin ,because of the high value of bitcoin, so I have only fractions of bitcoins in my wallet, so I exchange it with ethereum, then the ethereum is been use for buying tokens and then sell it out and then buy another kind of tokens again, that is the actual use of my bitcoin.

blokceyin

member

Activity: 168

Merit: 11

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Quote from: fargoway on July 10, 2018, 06:31:33 AM

As far as I am more and more in it, I can do some conclusions.

1) People are mostly not using the Bitcoin (altcoins as well);
2) Crypto-enthusiasts are real enthusiasts only when the price goes up;
3) Even considering there are more crypto-companies appear which offer their services, and more people join our community - the level of crypto education and adoption is still very low;

Almost 95% of all people in crypto I know personally are holding or trading, but not using it to its functionality. I cannot judge anyone for this, but let's be honest - it won't bring you any money if you just will buy it and wait.

So, there is a question: "How much of you use Bitcoin or any other cryptocurrency to its full capacity?" I am curious about this because as for now it looks like there is only a small group of people making some contributions.

1) Agreed, same here. Cheesy

2) Mostly!
3) Totally agreed.

I think it still early to use the cryptocurrencies in the 'real life' but it'll be solved in time.

Adam Waters

newbie

Activity: 23

Merit: 0

All the hype is from lack of knowledge of what bitcoin and how it is used. Talking with people everyday it is clear they have no idea what it is. However we are seeing new users daily added to the exchange sites so the awareness is growing rapidly.

bubblebubble

member

Activity: 616

Merit: 23

No because I see my bitcoin like an investment.
In any case I think people will start using bitcoin once will be spread a mass payments system that reduces tx costs

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