How can we get people to use bitcoin as a currency? - page 34.

andriarto

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Quote from: setialovers on December 09, 2018, 07:25:22 PM

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.

Many people afraid using their bitcoin in merchant because government not having regulation about it. Beside that, not many people knowing about bitcoin and people still thinking bitcoin is a scam. If more people understand about bitcoin and government allow it, i am believe people will using it as payment

indeed the role of the government is needed to foster trust in the community. in my country almost no one uses bitcoin as a transaction, because there was once a raid for that

princeyeboah

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The only way to get the public's attention to Bitcoin is through effective awareness creation by Bitcoin users. Bitcoin users must study and understand the basic concepts of Bitcoin and the Blockchain in order to explain explicitly to the understanding of a peer, friend or a family member who is new to crypto.
Remember, a lot of people out there are harbouring whole lot of misconceptions about crypto and Bitcoin hence be ready to correct them with professionalism in order to gain their trust and confidence. Avoid giving in to FUDs and always be ready to debunk those false news about crypto.

setialovers

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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.

Many people afraid using their bitcoin in merchant because government not having regulation about it. Beside that, not many people knowing about bitcoin and people still thinking bitcoin is a scam. If more people understand about bitcoin and government allow it, i am believe people will using it as payment

Pab

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Limit transaction costs and convince merchant to accept bitcoin
As for know bitcoin usage is very poor
I hope Bakkt and sidechain will change that

basyang

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Quote from: djselery on October 15, 2018, 02:17:52 PM

Bitcoin is already a currency but it is not yet really used like the fiat currencies. The reason is that it is not yet supported everywhere as a payment method either online or offline. That is why people still considering Bitcoin mainly as an asset, they trade and hold it for making good profits.

I am agree with you. Bitcoin is already a currency in Virtual world. As you can see, they trade their tokens or coins to have a Bitcoin. And it is number one rank as a currency in crypto world. It is also now, popular in many places and from Bitcoin you can exchange it into your national currency. They do hold, sell and buy because it is the thing that you can do when you have it.

samuland5

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Quote from: CSTL_dmili23 on December 05, 2018, 09:19:41 AM

The problem with Bitcoin and crypto in general is that it's very volatile. The price keeps changing. Imagine accepting $5000 worth of Bitcoin for a TV or something and the next day Bitcoin is worth $2500. You've lost half your money in one day and all you did was accept BTC as payment.

You are right but if we will take the start then a good time will begin. Others will also start to use it and then the price of it will start in the forward direction and with that then people will not fear of the volatile price but they will be happen with the rising price.

btc78

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Eloncoin.org - Mars, here we come!

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.

Even if people wanted to but the resources is not enough and the availability of this currency is not yet ready worldwide,theres only some rooms when we can spend this great coin not like in japan when all of the things that can be used by yen is available in bitcoin also.so what we need tl do for now is just spread the technology behind all coins and let the peopl decide if they will enter this community or not

acholagi

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if you want to adopt bitcoin for world payment purposes, then there must be a financial institution behind Bitcoin that keeps prices stable
the worst impact is, the loss of the decentralized nature of bitcoin itself, because bitcoin starts to be controlled by an institution
like the example is paypal, where paypal is popular because of the price stability of the USD rate which is the current world currency, so paypal is an alternative payment online

mdn2007

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maybe it could also be impossible. using bitcoin as a medium of exchange is indeed greatly facilitated, in addition to being safe and easy to use basically, but from the merchant's own level if you allow to use bitcoin for payment, it will be easier to pay, but at this time rarely want to use bitcoin as a trading tool buy it.

jcarlo

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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.

Its depend on merchant. If merchant already accept bitcoin as payment, i am believe people will use it because bitcoin is more flexible and more secure than paper money. The obstacle about bitcoin right now is the price too volatile and i think its make merchant afraid to accept bitcoin because it will reducing their profits. But if crypto price recovery, i am believe many merchant will accept crypto for payment

dimox

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its hard because bitcoin price is unstable. from unstable, they can make gap for their advantages. so, if you want to make it became real currency, bitcoin price must be set like fiat value.
i think, each country can make their coin for theirself. so it can make much choice when you want to make payment, and the one is via cryptocurrent, and thats must be legal

yusupjatigumilar

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Quote from: Dukjila on October 15, 2018, 08:59:24 AM

Bitcoin BTC can be a currency only if its price is stable.

but I think if the price of bitcoin is stable is not much different from the coins used in a tourist place, if only limited to that I think people will not be interested they will certainly choose the ordinary currency, precisely bitcoin has many interested people because the price tends to be stable and move aggressively which will bring more optimal profits

jimskiy

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Bitway.net - The Best Bitcoin Mining Network

We have allowing regulation from government to use bitcoin as a currency, many country still not allowing for using bitcoin or altcoin as payment system and its why until now many country still not use bitcoin as payment transaction.

henlity87

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Quote from: AlphaGoo on December 04, 2018, 02:43:49 AM

Bitcoin is not suitable for regular payments. Bitcoin is usually used for international trade. The use of micropayments is unscientific, and stellar coins are more suitable for small payments. We won't see large-scale payments for Bitcoin, which capitalists can pay in bitcoin.

I think Bitcoin is a currency which is easily used by any deal no matter it is international or local, online or offline. It only need the system requirement which will be installed in the required places to pay with it. It also need our support to promote it and to accept it only.

nazaididuan1

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This requires government and media guidance to achieve this goal! The media is only a role of public opinion!
But the government will not do this because the legal currency is the main currency of a country!

SkustaClee

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I am using a famous bitcoin wallet for me to pay my bills and for me to buy load. There are now communities around the world that fully accepts bitcoin as payment. Bu spreading awareness about cryptocurrencies, I amsure that most of the people will adopt it.

Lorin

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More people engage on bitcoin are more fund in investing on it because of its good characteristics. Those people who really knows and have knowledge in crypto use it as a currency and adopt it.

anjho.ace

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Even the price is not stable bitcoin can be a currency as long as many merchant will open their payment option to accept bitcoin.
Yes! merchant is the only way to adopt BITCOIN by many people all over the world.
As of now major use of bitcoin is just investment and trading.

CSTL_dmili23

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城は最高です

The problem with Bitcoin and crypto in general is that it's very volatile. The price keeps changing. Imagine accepting $5000 worth of Bitcoin for a TV or something and the next day Bitcoin is worth $2500. You've lost half your money in one day and all you did was accept BTC as payment.

JRoa

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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.

Enough education is the main key for the people to become aware to digital currencies. They will not use it as currency if they are not aware to what it is. By having enough education, people will patronize bitcoin easily.

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