How can we get people to use bitcoin as a currency? - page 10.

Edraket31

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Quote from: Tungsten-1 on November 06, 2019, 02:38:44 PM

So this means that people are at least familiar of crypto currencies but they lack complete knowledge about this industry. What we need to do is educate them through social media campaigns about different types of trading, exchanges and methods of making money. We need to tell them that holding bitcoin is not the only possible way of making money in crypto market. I believe this will increase buyers.

Indeed, as some people doesn't know well what is digital currency, what they just know is that Bitcoin is a form of money from the internet world, and that they can make money thru it through trading and investing, they don't know how much really its advantage in the future, how powerful the blockchain is. Maybe it is time for us to unite as one to educate people by having blockchain seminars so they will know its real value.

Abiky

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Quote from: DaftAjax on October 30, 2019, 07:22:02 AM

This is a bad idea.

We all know that Bitcoin is volatile. If your idea of business is to accept Bitcoin (or Altcoin) as a means direct payment for any products (or services), then I'm sorry, your business will face some complications. Let's say you have an item that costs $10 (as of the time of this post, will be 0.001 BTC), then someone bought it, but then suddenly the price of Bitcoin went down, that 0.001 BTC worth of item won't be $10 anymore--unfair for your business. If vice-versa--unfair for the customer. Even if you receive Bitcoin directly, we still can't neglect the transaction fees and the transaction time. And also you're still a business, hence you still have taxes to pay. So when paying taxes would you insist on converting your Bitcoin to pay those? Of course not.

The safest way to use Bitcoin, for now, is still to convert it into fiat money and use that to buy items (or services)--not Bitcoin as means of payment.

That's certainly true, mate. Unfortunately, Bitcoin's volatility scares away many people (mostly businesses and companies). If a business decides to use Bitcoin for payments, it'll quickly exchange it to Fiat in order to minimize risk of loss. This way, Bitcoin may never achieve the status of being a digital currency for the world. It's better as a store of value than anything else. Luckily, we have stablecoins which often retain their value of $1 USD per coin. Once BTC prices stabilize across the market, we could expect people to use it as a currency more often.

In the meantime, we can show the benefits of Bitcoin to the world in order to help attract as much people as possible into it. With many exciting things like the Lightning Network, atomic swaps, decentralized exchanges, non-custodial mixers, and more, there's no reason why people should avoid Bitcoin in the first place. While governments and mainstream media have done their best to destroy the reputation of the pioneer cryptocurrency, it has remained stronger than ever before. Hopefully, Bitcoin would continue to grow in user adoption as more people becomes aware of it. But if we don't talk about Bitcoin to other people, we can't expect it to grow by itself. Just my thoughts Grin

cotton ball

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Quote from: AicecreaME on November 06, 2019, 10:35:54 AM

Quote from: milesfull on November 05, 2019, 10:34:23 AM

People really want to use crypto then they cant use fiat. Venezuela, Iran, etc.
Only people in trouble really ready to change something in thier payments

It sounds stupid but people are never gonna throw what they think do still have value for them, Venezuela people abandoned their currency because of too much inflation that is happening in their place, so they turned on other options which is cryptocurrency, if this doesn't happen, they wouldn't even dare to use cryptocurrency to save their lives on crisis, that is the truth.

Maybe true with your opinion where country faced with economic crisis and inflation value with their money can adopt bitcoin as legal currency without have inflation way, Venezuela is most available country for using bitcoin as legal currency. After adopting bitcoin maybe their economic crisis back to normal and they can walk up for building how economic crisis so far with very lower value if using cash money.

Tungsten-1

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Quote from: Visbay on November 04, 2019, 03:23:00 PM

Quote from: Darooghe on November 04, 2019, 12:06:06 PM

In my opinion, bitcoin is still a currency but not a stable currency. it is not remotely functional as a proper currency, because of the volatility in it's value. this volatility means that if bitcoin is rising, no one in their right mind would pay for things using bitcoin, because if they wait their bitcoin will be worth more. Meanwhile when bitcoin is falling no one in their right mind would accept bitcoin as payment. so People are buying bitcoin as an investment rather than an alternative form of payment. However, Bitcoin is since from 2009, and which is the king of all crypto currency. It made the history in implementation of blockchain technology and itself as a digital currency. There is no doubt each government will reform their currency and should use digital currency.

Yes, you are right people are surely interested in making investment and people know if we will use Our bitcoin right now so it is like lose because the price is not really high so better keep investing money. In some countries, we can see people buying goods with bitcoin but in some places, people feel afraid for its volatility but the should be happy to use it as a currency than being afraid of it.

They are afraid to lose it because they don't want to lose the value of their bitcoin. The price fluctuates every time so there is no sense to treat it as a currency because it is either you will be safe from losing value or you will lose the appreciation value of your bitcoin. The best thing is to keep it on a hardware wallet for long term keeping so you will be maximizing the potential of bitcoin.

Well, that's the reality for now, that the value of Bitcoin is treated as an investment and not as a currency, but some people are using this as an alternative way to pay your bills and other commodities, for me, it is fine as how could you be able to sell it if there is chance that the value later can be 2% higher or more as it can happen many times, so people prefer to treat this as an investment rather than investing.

The reality right now each country have population with 1% to 3% are investor in bitcoin and altcoin, still less people want to invest with bitcoin and altcoin with any reason, some people do not know whit bitcoin and altcoin investing and many people risk for investing on bitcoin because price of bitcoin can be down and lower. To make them use bitcoin by giving advice how increase price of bitcoin.

So this means that people are at least familiar of crypto currencies but they lack complete knowledge about this industry. What we need to do is educate them through social media campaigns about different types of trading, exchanges and methods of making money. We need to tell them that holding bitcoin is not the only possible way of making money in crypto market. I believe this will increase buyers.

makolz26

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Quote from: AicecreaME on November 06, 2019, 10:35:54 AM

Quote from: milesfull on November 05, 2019, 10:34:23 AM

People really want to use crypto then they cant use fiat. Venezuela, Iran, etc.
Only people in trouble really ready to change something in thier payments

It sounds stupid but people are never gonna throw what they think do still have value for them, Venezuela people abandoned their currency because of too much inflation that is happening in their place, so they turned on other options which is cryptocurrency, if this doesn't happen, they wouldn't even dare to use cryptocurrency to save their lives on crisis, that is the truth.

For Venezuela's people, wherein you said that they abandones their currency it is because of the tragic happened to their country, wherein their currency has become worthless, so we cannot please those people as they don't know what to do too, as the one that triggers their financial crisis is because of their corrupt government, so how can they trust them anymore, so made decision to try out digital currency to help them from their disaster.

AicecreaME

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Quote from: milesfull on November 05, 2019, 10:34:23 AM

People really want to use crypto then they cant use fiat. Venezuela, Iran, etc.
Only people in trouble really ready to change something in thier payments

It sounds stupid but people are never gonna throw what they think do still have value for them, Venezuela people abandoned their currency because of too much inflation that is happening in their place, so they turned on other options which is cryptocurrency, if this doesn't happen, they wouldn't even dare to use cryptocurrency to save their lives on crisis, that is the truth.

Visbay

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Quote from: milesfull on November 05, 2019, 10:34:23 AM

People really want to use crypto then they cant use fiat. Venezuela, Iran, etc.
Only people in trouble really ready to change something in thier payments

Yes now people are already using crypto and they are in an era where almost everyone likes and appreciate the use of crypto because technologies are spreading and developing very fast. you go to markets for payments in my country they will ask you by themselves if you want to pay with cash or you want to pay with bitcoin so it’s all sign of great success in the crypto world as payments used by people.

jakoylantern

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For me, I still depend on the country if its legal, depending on the person and especially its acceptance status. If bitcoin is legal to there state and many establishments accept it as a payment/ ordinary currency, many people will see bitcoin as an alternative currency that they can use to make their transactions, payment, queue, etc. much easier. Also, its the primary aim of bitcoin to become the alternative currency, but we all know that there are some problems and issues making ppl to loathe bitcoin.

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Quote from: cutesgirl on November 04, 2019, 03:01:09 AM

Quote from: SnowAugustine on October 15, 2018, 07:13:46 AM

How can we get people to use bitcoin as a real currency and not just a quick way to get cash as a lot of people seem to do? When I say currency, I mean the literal definition of currency as something that is used as a medium of exchange.
Even online, there are only a few stores who are accepting it as payment.

Recommended many people like and using bitcoin as currency with looking for which one have many interaction by costumer, we are looking for good chance to open store and adopt bitcoin as payment way. Will increase people want to use bitcoin during always educate and teach them how to use and what feature using bitcoin, many people like with bitcoin if have know benefit using bitcoin as currency payment way.

There is no doubt that people are basically unaware of the real power of bitcoin and digital currencies on the whole. Those who are enjoying benefits of bitcoin are basically responsible for teaching others and making market vast. The best way is to start with your family and friends. When the consumers of bitcoin will increase, automatically we will see shops accepting payments in bitcoin.

milesfull

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People really want to use crypto then they cant use fiat. Venezuela, Iran, etc.
Only people in trouble really ready to change something in thier payments

DaftAjax

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Quote from: Darooghe on November 04, 2019, 12:06:06 PM

it is not remotely functional as a proper currency, because of the volatility in it's value.

Seriously, it's one of the functionalities of Bitcoin. Why can't it "remotely" function? After all, it is a digital currency (cryptocurrency). And remotely functional "proper" currency has nothing to do with volatility. Value and functionality do not correlate with each other.

Quote from: Renampun on November 04, 2019, 02:03:00 PM

1) making Bitcoin adopted in bulk is not an easy job
2) the need for interference from many parties, such as the government and entrepreneurs
3) the fact is that until now the government still does not want to recognize Bitcoin, this is the main obstacle to Bitcoin adoption en masse
4) all we can do now is wait until Bitcoin is accepted by the government.

1) Well, it happened last 2017 tho, but it resulted in a sad story, people immediately realized that it was a fluke--a bubble.
2) Do you know the definition of Entrepreneurship?
3) Oh, they do recognize it--from what I remembered the government despises it.
4) Nah, that's an understatement.

Quote from: Visbay on November 04, 2019, 03:23:00 PM

In some countries, we can see people buying goods with bitcoin but in some places, people feel afraid for its volatility but the should be happy to use it as a currency than being afraid of it.

I'm with the guys who do not "spend" Bitcoin recklessly. If history didn't teach you anything, I don't know what will.

Visbay

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Quote from: Darooghe on November 04, 2019, 12:06:06 PM

In my opinion, bitcoin is still a currency but not a stable currency. it is not remotely functional as a proper currency, because of the volatility in it's value. this volatility means that if bitcoin is rising, no one in their right mind would pay for things using bitcoin, because if they wait their bitcoin will be worth more. Meanwhile when bitcoin is falling no one in their right mind would accept bitcoin as payment. so People are buying bitcoin as an investment rather than an alternative form of payment. However, Bitcoin is since from 2009, and which is the king of all crypto currency. It made the history in implementation of blockchain technology and itself as a digital currency. There is no doubt each government will reform their currency and should use digital currency.

Yes, you are right people are surely interested in making investment and people know if we will use Our bitcoin right now so it is like lose because the price is not really high so better keep investing money. In some countries, we can see people buying goods with bitcoin but in some places, people feel afraid for its volatility but the should be happy to use it as a currency than being afraid of it.

johnwhitestar

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To make use BTC as a currency among normal people a solution for the paper money is needed, because internet is not everywhere in the world.
But BTC is not the currency for the day-by-day use. It was created for a completely new economy. In that economy it will be used normally, IMHO.

Renampun

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Quote from: SnowAugustine on October 15, 2018, 07:13:46 AM

How can we get people to use bitcoin as a real currency and not just a quick way to get cash as a lot of people seem to do? When I say currency, I mean the literal definition of currency as something that is used as a medium of exchange.
Even online, there are only a few stores who are accepting it as payment.

making Bitcoin adopted in bulk is not an easy job
the need for interference from many parties, such as the government and entrepreneurs
the fact is that until now the government still does not want to recognize Bitcoin, this is the main obstacle to Bitcoin adoption en masse
all we can do now is wait until Bitcoin is accepted by the government.

Darooghe

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In my opinion, bitcoin is still a currency but not a stable currency. it is not remotely functional as a proper currency, because of the volatility in it's value. this volatility means that if bitcoin is rising, no one in their right mind would pay for things using bitcoin, because if they wait their bitcoin will be worth more. Meanwhile when bitcoin is falling no one in their right mind would accept bitcoin as payment. so People are buying bitcoin as an investment rather than an alternative form of payment. However, Bitcoin is since from 2009, and which is the king of all crypto currency. It made the history in implementation of blockchain technology and itself as a digital currency. There is no doubt each government will reform their currency and should use digital currency.

AicecreaME

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Quote from: manny morgan on October 30, 2019, 07:51:32 AM

If shopping malls and and market places accepts it, that will help people us it as a currency

Nope, that is not that easy, you can't slap it on their face without them doing anything at all, as long as people do have alternatives, they will not use cryptocurrency, especially on the things we are buying everyday because we need it, like foods, clothes, and other primary things in life. I am not saying that we need to eliminate fiat currency to do that, what I am saying is they need a proper explanation about it.

For people to use cryptocurrency, I think Government should make a trial of usage of cryptocurrency even for a day for people notice what is the difference, what is more convenient to use, and so on.

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Quote from: k@suy on October 26, 2019, 03:54:06 PM

Quote from: White Christmas on October 26, 2019, 07:56:29 AM

We can get people to use bitcoin as a currency by simply influencing them on what they can do and what they may do in crypto and also on how they can regulates to bitcoin. Yes, we must also influence them to use bitcoin as their payments to some stores that are already accepting bitcoin to get paid their products or goods so when they saw the legitimacy of bitcoin as a currency maybe they can used it as their personal currency.

Show them things that will be the proof of the existence of bitcoin. It could be your latest transaction, your trades or what it could be anything that has an equivalent bitcoin in return. Everything with proof will let them believe and use bitcoin as currency. It is east to influence someone with valid proof of earning.

Or you can show and explain them the whole meaning of bitcoin. From being an asset to being a currency that they can use to anonymously purchase something online. They can start to diversify their money to bitcoin and other cryptocurrencies in the market which will give them an edge to earn more and if they would like to, they can purchase some low volatility cryptocurrency for payments.

If bitcoin still available for investing we not worry must to promote bitcoin to get people use bitcoin, what for bitcoin become legal currency without have increase price day by day, better bitcoin only available for investing which price can raise higher and lower suddenly. I like for bitcoin only use for investing and not happy if bitcoin become legal currency payment.

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Quote from: asus09 on November 03, 2019, 10:51:00 AM

Quote from: manny morgan on October 30, 2019, 07:51:32 AM

If shopping malls and and market places accepts it, that will help people us it as a currency

Will possible many people use bitcoin or altcoin if many market place have use bitcoin as currency like shopping mall and modern market. Without legal from government for bitcoin and altcoin as currency shopping mall and modern market never accepted bitcoin as currency, but many people will use bitcoin if become the only payment for shopping mall where have many costumer every day.

It is just a matter of time before bitcoin and altcoins go mainstream. With the passage of time, organizations will accept digital currencies after realizing their importance and supporters. For the present, bitcoin is playing the role of savior which is far more important than anything. It is allowing us to make profits in simplest way. These earned profits then can be used in desired ways.

Aying

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the way is to reduce or eliminate the transaction costs charged to users, thus many users will be interested in using it. in my opinion the transaction costs are very sensitive even though the value is small. the second step is giving a promo or discount for users if they using bitcoin for shopping, this will make bitcoin attractive for investment and shopping use.

The idea of yours is so odd, for sure everyone will look forward this to happen. but for now it will affect on countable users or who attract on it. because every people now are still saw a negative side of crypto currency if this will reduce we as a positive users can share to them how crypto can affect our daily life in future. how everyone will benefit on it. but since our government still thinking to accept crypto. they will not suggested it to all people on their nation. if projects have their own strategies that attract people to use crypto, maybe it is better way to make people use and enjoy crypto whenever and wherever.

cutesgirl

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Quote from: SnowAugustine on October 15, 2018, 07:13:46 AM

How can we get people to use bitcoin as a real currency and not just a quick way to get cash as a lot of people seem to do? When I say currency, I mean the literal definition of currency as something that is used as a medium of exchange.
Even online, there are only a few stores who are accepting it as payment.

Recommended many people like and using bitcoin as currency with looking for which one have many interaction by costumer, we are looking for good chance to open store and adopt bitcoin as payment way. Will increase people want to use bitcoin during always educate and teach them how to use and what feature using bitcoin, many people like with bitcoin if have know benefit using bitcoin as currency payment way.

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