How can we get people to use bitcoin as a currency? - page 12.

BChydro

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Quote from: huu78 on October 27, 2019, 05:01:56 AM

I think it is possible if stable can be accepted by many people. But the price of bitcoin that rises down very fast and high makes Bitcoin as a means of investment in the future.
There may be stable coins like USDT but not yet in real life as payment, because the cryptocurrency is still not much known to people to like it.
Only as a more profitable investment means as a currency.

Even if the crypto market is widely accepted i doubt anyone will start accepting coins like USDT, to use something as a mode of payment you need to have some incentives and if you are using a stable currency then why not use the fiat currency which is more secure than using a non transparent currency like USDT.

Quote from: huu78 on October 27, 2019, 05:01:56 AM

Could have been a few years later many countries that adopted blockchain and bitcoin became payments received by many people,

There are merchants that accept bitcoin and it depends upon the country you are from, here in my area there are merchants that are accepting different crypto but global adaptation might take time.

Kambal2000

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Quote from: k@suy on October 26, 2019, 04:54:06 PM

Quote from: White Christmas on October 26, 2019, 08:56:29 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.

Although we are explaining everything from a friend and to our relatives, if their mind is closed and they don't want to get involved in it, then we should not waste our time explaining over and over again, sometimes, we should give them time for them to explore on their own, at least we give them some ideas regarding it.

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I think it is possible if stable can be accepted by many people. But the price of bitcoin that rises down very fast and high makes Bitcoin as a means of investment in the future.
There may be stable coins like USDT but not yet in real life as payment, because the cryptocurrency is still not much known to people to like it.
Only as a more profitable investment means as a currency. Could have been a few years later many countries that adopted blockchain and bitcoin became payments received by many people,

k@suy

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Quote from: White Christmas on October 26, 2019, 08:56:29 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.

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Quote from: SnowAugustine on October 15, 2018, 08:13:46 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.

I think we encourage them to use bitcoin through showing them the perks of having and using them specially in the new age where technology arises more and more as time passes by. We can also share our experiences with our investment although we are actually experiencing crisis in bitcoin. We should also inform them about the basics and pay attention on telling them the things that should be done and shouldn't be done when you are using bitcoin for their safety, security and knowledge.

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Quote from: Peashooter on October 26, 2019, 01:26:29 PM

Quote from: Thanasis on October 15, 2018, 02:47:59 PM

Stop talking about bitcoin as investment start saying bitcoin as currency is the first the step all have to do if we want the bitcoin to be used as currency because we all are using bitcoin for making money in short or longer term then how it will be a currency in mainstream.More people have to spend their crypto rather than holding it will paves way for bitcoin currency.

To influence people to use bitcoin as a currency is to use it daily as our daily currency so that many people will encourage to do the same as what we are doing on the bitcoin, you're right that we don't need to call it as an investment first for short and long term because if we really want it to become a currency then we must used it in our everyday lives as our natural currency.

We however can't use it daily if there aren't stores accepting BTC. There are so much malls in my country almost every city has huge malls competing each other but none of the stores in it are accepting BTC. It could be because the government doesn't have any legal statement about BTC but if there is legalization, stores my start seeing BTC to be just as fiat is. We can then spend our BTC for dinner, buying stuff and probably even when having a simple haircut.

Peashooter

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Quote from: Thanasis on October 15, 2018, 02:47:59 PM

Stop talking about bitcoin as investment start saying bitcoin as currency is the first the step all have to do if we want the bitcoin to be used as currency because we all are using bitcoin for making money in short or longer term then how it will be a currency in mainstream.More people have to spend their crypto rather than holding it will paves way for bitcoin currency.

To influence people to use bitcoin as a currency is to use it daily as our daily currency so that many people will encourage to do the same as what we are doing on the bitcoin, you're right that we don't need to call it as an investment first for short and long term because if we really want it to become a currency then we must used it in our everyday lives as our natural currency.

panganib999

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Quote from: SnowAugustine on October 15, 2018, 08:13:46 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.

Before thinking about how could we make people use bitcoin as a currency, we need to think more about how can we persuade each and every government to support using bitcoin and completely accept it so that a massive adaption could take place. Lessening restrictions and getting businesses. even the small ones into getting to know bitcoin. Aside from the fact that not everyone is well educated and enlightened enough about the currency, the suppressing government implementing so many restrictions, regulations and conditions against bitcoin is what hinders the catalysts of using it.

White Christmas

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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.

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Quote from: Sithara007 on October 25, 2019, 01:23:13 PM

My question is why do we want people to treat Bitcoin as a currency? IMO, Bitcoin is more suitable for usage as an investment asset, or as a store of value. If we treat it as a currency, then we are comparing it to fiat currencies such as the USD, EUR and JPY. On the other hand if we use it as an asset, then we are comparing it with gold, diamonds.etc. And my opinion is that gold is a much better option when compared to the inflation-prone fiat currencies. We would be better if we place BTC along with assets such as gold and platinum.

I want to ask the same. Bitcoin is the most volatile coin at present and it is a big opportunity for everyone to become rich by investing in it. It holds a very bright future. There is no point of enjoying purchases with bitcoin, at least not now. This is something that would be more appropriate to do when bitcoin will be a bit stable and that day is not near. It has to go a long way and rise a lot.

Sithara007

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My question is why do we want people to treat Bitcoin as a currency? IMO, Bitcoin is more suitable for usage as an investment asset, or as a store of value. If we treat it as a currency, then we are comparing it to fiat currencies such as the USD, EUR and JPY. On the other hand if we use it as an asset, then we are comparing it with gold, diamonds.etc. And my opinion is that gold is a much better option when compared to the inflation-prone fiat currencies. We would be better if we place BTC along with assets such as gold and platinum.

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Quote from: SvonioneFromMangoCoinz on October 24, 2019, 11:06:06 PM

Quote from: SnowAugustine on October 15, 2018, 08:13:46 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.

I don't think it makes sense for people to use bitcoin and help society go up. Why do we need to use bitcoin and every transaction always needs miners to process blocks, while we have e-wallets to trade fiat money with seemingly zero fees?
The use of bitcoin or coins is reasonable but it should only be small scale. We will never be sure what the future of bitcoin will be like. So holding such a currency is not a wise decision.

It is different from people to people. Some only consider it as an asset, so they choose to hold whatever amount of Bitcoin they have at their disposal. And I would guess, these people are "casual" traders/gamblers, as they will only trade if the price is right and gamble if the exchange is reasonable. And some only consider Bitcoin as a currency--they will use it on their daily basis, not necessarily "expend" it but rather use it as means of trading/gambling. These people are the ones who are very active and will always monitor the changes in Bitcoin's price and use it as an advantage in their activities.

Quote from: BennyK on October 24, 2019, 11:32:07 PM

Through our relentless efforts towards awareness creation is the only means Bitcoin adoption rate can increase. Up to date, there are more African areas where the existence of cryptocurrency will be news to them. Africa is also a large market where cryptocurrency projects can win more investors because the people embrace the idea of investment.

Could you explain this in detail? I honestly don't know what you're talking about. I might think that you're off-topic.

Quote from: yulionoo on October 25, 2019, 03:17:21 AM

so in my opinion for now bitcoin will remain an investment tool and a store of value not for a means of payment.

As for now yes. It is better to treat it as an asset and just see how it goes. But later on, it will not be the case.

yulionoo

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as long as bitcoin has high fluctuations. bitcoin will not be suitable as a currency for payment. and all countries in the world also have national currencies. then I think our society is also not ready to become a society without cash. so in my opinion for now bitcoin will remain an investment tool and a store of value not for a means of payment.

BennyK

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Through our relentless efforts towards awareness creation is the only means Bitcoin adoption rate can increase. Up to date, there are more African areas where the existence of cryptocurrency will be news to them. Africa is also a large market where cryptocurrency projects can win more investors because the people embrace the idea of investment.

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Quote from: SnowAugustine on October 15, 2018, 08:13:46 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.

I don't think it makes sense for people to use bitcoin and help society go up. Why do we need to use bitcoin and every transaction always needs miners to process blocks, while we have e-wallets to trade fiat money with seemingly zero fees?
The use of bitcoin or coins is reasonable but it should only be small scale. We will never be sure what the future of bitcoin will be like. So holding such a currency is not a wise decision.

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Quote from: CryptocurencyKing on October 24, 2019, 09:15:22 PM

Awareness is everything. I believe if we continue to promote what Bitcoin is, it will attain that level of being a medium of exchange and not just a store of value.

How can people be aware? Let's do our part too, and that is to help promote Bitcoin and introduce this to our friends, family, neighbor, with this we are helping the crypto industry even in a simple way, but it is a big help in crypto world. We are already 1% of total population who are using Bitcoin so if we will all do that then big change will happen.

CryptocurencyKing

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Awareness is everything. I believe if we continue to promote what Bitcoin is, it will attain that level of being a medium of exchange and not just a store of value.

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Quote from: shield132 on October 17, 2019, 02:24:13 PM

At first we don't have to get anyone to use it, you need btc? Then use it. Don't need? Then just ignore it. I think there is no problem in this thought.
Also one great thing that happened recently is that Unicef decided to accept donations in bitcoin while keeping funds in bitcoin and spending them the way they were received, without converting it. This is a huge support I guess and it will really make people to use bitcoin more widely because since Unicef accepts btc, a lot of service provider for them will start to accept bitcoin payments which will lead to bitcoin payment availability increase and in overall growth of it's usage.

Agree. Bitcoin doesn't necessarily have to meet the likes of people worldwide. There will be some people that will prefer Bitcoin on top of Fiat because of its censorship-resistant properties, while others will prefer Fiat on top of Bitcoin because of its price stability and popularity within the mainstream world. While this is true, we should not stop promoting Bitcoin every step of the way. The more people we drive into the pioneer cryptocurrency, the better it'll be for its longevity. It's a good thing that some companies, startups, and even organizations have started to use Bitcoin more thoroughly. Without a doubt, this helps boost the Bitcoin economy by a long shot.

Nonetheless, with good effort and patience, we'll be able to gather as much people into Bitcoin as we can. It's important to always highlight the positive aspects of Bitcoin instead of the negative ones. That way, people will gain interest in using the pioneer cryptocurrency for their daily lives. Since mainstream media and governments have taken the duty of giving Bitcoin a bad reputation, we as supporters of the original cryptocurrency should do otherwise. Just my opinion

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The use of Bitcoin is not far, in countries like Venezuela, Argentina, they have an economic system where inflation is quite large, in fact in Venezuela recently the salary increased by 750%, making the only resource they have to take refuge is the Bitcoin, and taking into account that worldwide debt in the US is 23 billion dollars, bitcoin has a low correlation with traditional assets, makes it much more valuable.

In Hong Kong and Turkey, Bitcoin is having great success when it comes to adoption, as it turns out to be the best option, compared to traditional assets, bitcoin has been booming similar to gold, even though it is not comparable, it I could say that it is digital gold.

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We must never force people to use Bitcoin and instead whenever we have the chance to speak about Bitcoin we must do it but without talking about it as an investment as most of the people will think you want to force them to buy " digital money " and most likely they will not listen so the best way to spread the word about Bitcoin is by doing it as a research purpose about the Blockchain technology so in this way everyone will have a base knowledge about Bitcoin and how it works and from where it comes.

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