Topic: How can we get people to use bitcoin as a currency? - page 21. (Read 52964 times)

There's no doubt that people trust more Fiat currencies than cryptocurrencies nowadays. This is largely because, crypto is a highly unregulated sector filled with uncertainty. That's not the case with Fiat, as it's regulatory-compliant and backed by the government. I believe that it will take a while before people could gain confidence into using cryptocurrencies for their daily transactions. Even after 10 years since Bitcoin's launch, there's still a lot to improve before people can get fully into the world of crypto.

First there needs to be massive adoption from mainstream businesses and companies into Bitcoin. But before that happens, there needs to be protocol improvements that will allow Bitcoin to settle transactions instantly and without fees. The Lightning Network will make that possible, and once implemented successfully into the main Bitcoin blockchain as a side layer, things will change for the better. People will realize the benefits of Bitcoin after this and will begin to use it more as a currency than a store of value.

Nonetheless, as governments worldwide recognize Bitcoin as legal tender, more people will come resulting in a larger ecosystem within the future. All that it's needed is time and patience, for Bitcoin to be used as a real currency within the mainstream world. Just my opinion

Introduction is the most important thing to do to the community so that they can understand about cryptocurrency, because now our society still does not understand about cryptocurrency which makes them still confused

             Bitcoin is very good investment . not only that lot off money give people.
                                                            bitcoin is a very good coin. bitcoin is success.




                                                                                       Thank you!

it is very difficult to make crypto currencies that can be used by all people because of their confidence and patience in using crypto currencies and legality from the government that can make it all

How do you think so?

If that is the case they might now know a lot of things about Bitcoin and most importantly, if that is the case, I think they are having a problem with the transactions, the price changes, and the transaction fees which is the reason I think it will not be as popular as people say nowadays. Who would be paying using Bitcoin if you will be adding a transaction fee into it? I guess some platforms or exchanges accept Bitcoin or let people transact Bitcoin but I don't think it will be that good for some people since they will just hold it rather than using it.

Exactly. Without the adoption from merchants or businesses worldwide, there will be no use to spend Bitcoin as a real currency for our daily needs. Among the many things needed to help Bitcoin achieve said purpose, is the stability in the cryptocurrency's price across the market. The high volatility of Bitcoin causes many to hoard it and use it as an asset or store of value instead of a currency for everyday transactions.

Other factors such as lack of education, and hacks or theft, makes people weary of using Bitcoin as a currency at all. Which is why, we should do our best to help promote the benefits of Bitcoin to the world. Only then, people will become inclined towards Bitcoin as a currency. Since many governments have already supported the growth of Bitcoin and other cryptocurrencies, there's a high probability that people within the mainstream world will join this emerging space.

Hence, adoption will come sooner or later as we spread the word about Bitcoin within various means such as social networks, blogs, forums, and even mainstream news. Just my thoughts

I don't agree with you when you state "not many people hold BTC " . Enough people hold BTC to start using it as payment. Just more shops need to take interest and move forward by accepting it that's all

We need to build the ecosystem in order to make this happen. It is not possible to make merchants use bitcoin right now because there are not many people who hold bitcoin and they want to make payments with them. If the customer segment that uses bitcoin will be increased then merchants will not have any other choice but accept bitcoin as a payment method.

Advertisement is best way to convince the people. I also come in bitcoin field to see an add on internet. Then i searched about it and before it i didn't know about crypto currency. So it is best way.
And now bitcoin has come in this stage where a huge people know about it even they use it or not, but they have information about it. If we discuss about it before 4 years, then sure only few people in this world know about bitcoin and it was hard to convince people to use it as a currency and invest on it to get profit.

No one will even try to force people to use cryptocurrency. Yes, and it is absolutely impossible to do this. People themselves must reach out for cryptocurrency because of the advantages it provides. Any coercion will have the opposite effect. In order to ordinary people began to massively use cryptocurrency. It should be simple, reliable. safe and readily available to use. So far, these qualities do not possess a cryptoalux. Those few percent of people on earth who now use cryptocurrency do not mean its mass use.

While I agree that there's no stability for Bitcoin yet, it's time will come as soon as governments start enforcing regulations within the crypto market. Sometimes people are afraid to try something new when they've been accustomed to something for a long time. But, as Bitcoin's usage becomes more widespread worldwide, those individuals who've never tried Bitcoin will become attracted to it. There needs to be massive merchant adoption, for people to use Bitcoin as a real currency. Also, high volatility makes Bitcoin terrible as an everyday currency for your everyday life.

Despite this, we as crypto enthusiasts should do everything within our power to attract as much people into Bitcoin as possible. I'm sure that once they realize the benefits of Bitcoin (mainly decentralization), they will never turn back into the existing financial system. Still, it all depends on the specific user himself whenever he wants to use Bitcoin as a currency or not. Just my opinion

There's a perfect time for everything, we should not give up now, crypto is just new so these things that are happening is normal.
More and more people will adopt in the future, I can see the potential of crypto is big, the result will not reflect right away it will take time but big players are started coming in, slowly but surely they will be adopting as well.

the easiest is to approach the gammer. we have to advertise that bitcoin can buy games in Steem and there are discounts there, also for top up items. it will make people very interested.

if more merchants use bitcoin as payment processor then we can expect bitcoin as payment processor like visa and master cards

Do you seriously think that governments are going to do that? They are not interested in people adopting cryptocurrencies since it goes against what they want, they want to have more and more control over you and they cannot have that control if you are using a currency that is independent of them, I am sure that in the future cryptocurrencies are going to be banned in many countries but as the economic situation worsens people will keep using them.

but unfortunately nowadays crypto usage is still minimal, so we have to wait for your hopes to materialize. but with the development of technology, many expert economists predict that crypto is the solution for future payment instruments. although on his current trip there are still many obstacles

In order for BTC to be used as currency, it is necessary that absolutely all people use it, and with the current situation, it seems to me that people began to fear cryptocurrency, there is no stability.

It's what we are hoping, that will bring real adoption and we will no longer see a pump and dump situation.
In the current market, BTC has been dictating the alts so if we can make BTC stable, it will bring good price to the entire market.

Agree. It's a long process, but we'll get there eventually. Bitcoin's unstable prices is largely because of the lack of proper regulations from governments within the crypto market. If governments would "stabilize" the market (by preventing price manipulations, etc), then Bitcoin would become closer to being used as a real currency. Until that time comes, then I'm afraid that Bitcoin will be viewed by many as a store of value or an asset rather than something you can use daily.

The legalization of Bitcoin across several countries shows that progress is being made, but there's still a lot to do before Bitcoin can be trusted by people in the mainstream world. The best thing we could do, is to show the benefits of Bitcoin to an average Joe so they can use it as an "alternative currency" to Fiat.

But again, it's a long process. It's not going to be easy because people are accustomed to Fiat for a long time. Still, it's not impossible to get more people into using Bitcoin for their daily lives. Just my thoughts

if more merchants use the bitcoin as a mode of payments we can expect btc as the main form of currency it all depends of demand for cryptocurrency as mainstream currency