Topic: How can we get people to use bitcoin as a currency? - page 13. (Read 52948 times)

It is not our duty to stop money laundering as it has been happening from years. We only should tell the benefits of bitcoin in simple way. Share your yearly investing profit with friends and tell new techniques of earning money from crypto. Make people aware about the worth and importance of bitcoin not only as investment but as an asset too.

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.

This is hard to do, because the major obstacle here is its volatile action that can affect its recipients.

Because the price may not be compatible with the fixed price it may occur. So it may be lost or its price may rise, It is favorable if the price goes up but if it falls it's a problem.

We cannot really force people to use bitcoin as a currency as soon as possible, it will surely take time and it will be a very long process. We should be very careful with the process because even just a tiny mistake on it can make a huge impact on the perspective of those who are unaware of the existence of bitcoin for sure. It would also be a strategic way if we are going to share our experiences in bitcoin and try showing some eye popping proofs that would make them want to go and try bitcoin.

Today, the situation has changed in some countries, for example, in Japan bitcoin is recognized as an official means of payment.  According to the law, firms can now use cryptocurrency for mutual settlements with each other.  In addition, companies and individuals can buy this virtual money as a commodity.  Latest News: The Japanese government plans to create an international network for cryptocurrency payments, comparable to the existing SWIFT network, and, possibly, to push it out of the market.  Source: https://happycoin.club/yaponiya-sozdayot-kriptokonkurenta-swift/

Maybe the initial response people considered not able to accept because it did not know him. If the popularity of Bitcoin is higher will surely use its blockchain.
Did you know the beginning Bitcoin appears to have no price? Arrived at the exchange rate with pizza, and now the price is rising so high. Certain countries will use the payment.

Everything that will start from you will prosper accordingly. If you fully support this industry creating your unique way of letting everyone you know about the usefulness of this system will attract people to begin looking for the possibilities to join in.

Self creation is the best way to attract people to ride and participate, with your knowledge to be shared interest is much higher.

We should first encourage companies to accept Cryptocurrency, after we done that and consumers see that there is option to use Bitcoin in their payment page, then we can encourage people to use Bitcoin, or we should have a big online market just like Amazon to use Bitcoin and Cryptocurrency, People should use Bitcoin to trade and buy and not to hodl this is it's main purpose why it was created in the first place.

Creating more awareness and starting this movement ourselves is what will thrill the world to adopt. Cryptocurrency world is large and if all the people in crypto are to go crypto in their normal life businesses, cryptocurrency will have an increase in its adoption. Let's endeavor to integrate it into our own businesses and encourage others to join.

by continuing to promote it or introduce it to everyone, maybe at first the response from a few people, but slowly they will accept it.
Wasn't it originally like that when the initial bitcoin was released nobody believed it even a few people but slowly it became more and more, and now bitcoin has been used almost all over the world, yes even though it is not yet fully a means of payment, but slowly it will adopt.

I think the best way is by showing them the benefits and letting them know the basics of bitcoin. Tell them the difference of crypto and fiat. Make sure you spread sure straight facts because if you are going to dessiminate false informations, it will produce chain effect to everyone. Also, you can try sharing them your experiences and show some proof to make it more convincing and believable.

Exactly. We need to do our part if we want more people to join our cause. If we remain as "sitting ducks" then the whole ecosystem won't be able to grow by itself. Bitcoin, being the world's largest cryptocurrency by market cap, still lacks mainstream adoption. Most people are simply afraid of joining the pioneer cryptocurrency in the first place because of many obvious reasons (like price volatility and regulatory uncertainty). If more governments start legalizing the crypto space, then we'll be able to see more money flow into Bitcoin and other cryptocurrencies on the market. After that, adoption will increase by a long shot as many people will be aware of Bitcoin. The Lightning Network might play a huge part in Bitcoin's mainstream adoption. But it needs marketing/promotion to define its true potential.

The best thing we could do help attract people into Bitcoin, is to talk about the positive things related to it. It's evident that mainstream media and governments have taken their part in spreading the negative aspects of Bitcoin to the world. That's where we come into play, showing the world that Bitcoin is the future of money. As long as we stick together as one common family, we'll be able to see the pioneer cryptocurrency reach new heights in a matter of time. Just my opinion

There are lots of things to be done. First, we should make it trusted by ensuring the stability of the price and making it approved by financial institutions. This is a gradual process. We can as well make it traceable to reduce money laundering and scam. This will also speed up the acceptability by financial institutions and governments.

To help spread adoption, there needs to be usability, user-friendliness, and stability. Things aside, I believe that what's preventing Bitcoin from being used as a currency is the high transaction fees and slow performance.fees need to stay as low as possible for transactions to be practical within the mainstream world. Transaction confirmation times is another thing to have into consideration when using Bitcoin as a currency. If we want to attract as many people as we'd like, we need to show them the benefits of Bitcoin relative to traditional Fiat currency. Most people are afraid because of scams and hacks, but proper education will allow them to use Bitcoin and other cryptocurrencies wisely.

I don’t think so there is any harm in decentralization or volatility of this mighty currency known as bitcoin. World need changes and gradually people get used to changes. In the beginning, they often show resistance but as they come to know about the perks of new technology, they fall for it. We have stable fiat on one side; there is nothing bad in pairing it with volatile bitcoin.

Very true, one of the main hindrance to the day-to-day acceptance of BTC as a form of payment is as a result of the slow confirmation which will not allow some stores to wait that much if customers purchase items and pay in Bitcoin. The long anticipated Lightning Network is yet to be launched and we all hope it changes the situation in order to boost the usage of BTC in our daily transactions.

The best way of attracting someone is by drawing comparison between crypto currencies especially bitcoin and its competent i.e. fiat. All those who are involved in business, they definitely want to make great transactions without going for taxes and looking to banks for help. They totally want to control all their money and it is only possible with bitcoin.

You can get many people to use bitcoin and altcoin as currency with adoption payment for your store accepted bitcoin and altcoin, when you publish your store using bitcoin almost your costumer will know about bitcoin and make payment using bitcoin, in front of your store publish accepted bitcoin here with higher words for make your costumer can see it and interested.

which is more expensive, transaction costs using paypal or central bank if in large amounts? ,, certainly more expensive to use paypal / which involves third parties, especially transactions that involve between countries. in my opinion the cheaper transaction costs using bitcoin, because it is safer and easier to use. I agree with you if in 2020 there will be a surge, that's why it can prevent someone from using bitcoin as a daily currency. reasons are also due to the fluctuating bitcoin nature.

This is the most important reason why Bitcoin in practice can not be a currency in which citizens store all their money. The high volatility of Bitcoin attracts traders, but for mutual settlements it can currently be used only if it can be immediately converted into any stable money. Stable coins are well suited for mutual settlements.