Topic: How can we get people to use bitcoin as a currency? - page 35. (Read 52948 times)
Its hard to get people to use bitcoin by ourselves. In order to do it. I think we need the help of the government. Because they have the resources to educate allot of people to use bitcoin as a currency.
we can educate bitcoin as a digital asset and show the limited availability in decentralized ledger technology called blockchain all these unique features can be a digital asset
To be able to get the public to accept bitcoin as an exchange medium, there is the need for the improvement of the various key technologies of the blockchain.
Once this is done, the blockchain would be able to bring value to everyday activities of the public, which would increase adoption rate.
Once this is done, the blockchain would be able to bring value to everyday activities of the public, which would increase adoption rate.
actually it is very easy for everyone to use bitcoin that is the government inaugurates or recognizes crypto currency as the applicable currency I think everyone will automatically use crypto currency
I am agree. Its depend on government regulation. If government recognize bitcoin as currency and allowing merchant accept bitcoin for payment, i am believe people will use bitcoin
actually it is very easy for everyone to use bitcoin that is the government inaugurates or recognizes crypto currency as the applicable currency I think everyone will automatically use crypto currency
Bitcoin BTC can be a currency only if its price is stable.
Bitcoin can never have a stable price due to its decentralization and its volatility is much more aggressive than fiat currency as well.
And also, I can considered bitcoin as a currency because it can convert into a real cash/money whatever country you belong. Aside from that, we have no any obligation to convince people to our surroundings to use bitcoin as their currency, that would depend on their own discretion.
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.
The government should create a program where the people in our society will become aware to cryptocurrencies. They will start using it if they are knowledgeable enough. Even online, there are only a few stores who are accepting it as payment.
It won't be an easy task however, we can start from educating the up and coming generation. They can be special classes for basic schools. This will enable the majority get used to the crypto and it going to trend throughout generations.
Time... We still have too much rookie cowboys running around
Bitcoin BTC can be a currency only if its price is stable.
Not necessarily. If I'm not mistaken, payment processors like Bitpay convert to fiat instantly so that there's no exchange rate risk for the merchant to deal with. But volatility certainly does prevent businesses from actually accepting bitcoin (as opposed to bitcoin that's converted to fiat by the payment processor). It obviously wouldn't be good for any merchant if they got a payment in bitcoin and then the price crashed shortly thereafter. As far as what we can do to promote bitcoin as a currency, I'm not sure there is much the average person can do aside from lobbying businesses (especially the big ones like Amazon) to do so, and my guess is that a lot of them don't want to be associated with an anonymous currency that's frequently linked in the media to criminal operations like Silk Road and whatnot.
Also, there are a lot of us bitcoin enthusiasts who don't want to spend it on mundane items or services where fiat will do just fine. Why run the risk of missing out on making a profit if bitcoin starts to take off just because you wanted to spend it on computer equipment at Newegg or something like that? I've always seen bitcoin more as an investment that has properties of a currency, but I've never been a big fan of actually using it as money. Thus I'm not concerned that most businesses don't accept bitcoin. If it stays that way, I'd be totally fine with it.
It is very common among the advanced countries and show a positive growth for the online job industry and now many online shopping sites are accepting crypto so it is the 21st century achievement which we have seen in the form of crypto and bitcoin is the best payment method if we shows the goodness of crypto then people will easily come into this side for it's future use.
I think it will take many more years before most of the people use bitcoin as a currency because it not yet widely adopted for use in transactions. You can always introduce bitcoin to anyone but only few of them might be willing to try using it as a currency. The volatility and rapid fluctuations of bitcoin might also discourage people from using it in their transactions.
It will take more years for us to see that most of the people will see the bitcoin as a currency. Lack of education is one of the main factor why most of the people is still unaware to what is cryptocurrencies. 
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.
People in our society will only adopt cryptocurrencies if they know what it is and if they have sufficient knowledge about it. We should influence them for the bitcoin to become more popular. Even online, there are only a few stores who are accepting it as payment.
yes this is indeed a difficult thing because most people have used fiat money for years. it is difficult for people to accept new exchange tools. maybe by giving a discount. for example, the store will provide a 50% discount for buyers who use bitcoin to pay. but this can only be done in countries that legalize bitcoin as a means of payment. in a country that has not legalized bitcoin. it will be difficult.
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.
Nowadays as the price of bitcoin has not be stable this might be the hindrance of not getting to mass adoptions as those merchant will not accept bitcoin if the price fluctuation is too much high. People also had in mind that they are holding bitcoin for their future as assets as they hope that someday the price of bitcoin will give them fortune.Even online, there are only a few stores who are accepting it as payment.
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.
Nowadays as the price of bitcoin has not be stable this might be the hindrance of not getting to mass adoptions as those merchant will not accept bitcoin if the price fluctuation is too much high. People also had in mind that they are holding bitcoin for their future as assets as they hope that someday the price of bitcoin will give them fortune. Even online, there are only a few stores who are accepting it as payment.
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 people will use Bitcoin as a currency only when they will gain confidence in Bitcoin and stop fearing that. This can be made possible only with the help of government. The governments of many countries are still holding negative views about cryptocurrencies and banning its use. Under such circumstances, how can we expect people to have faith and use Bitcoin as a currency? It will only happen when Bitcoin will be allowed to operate freely and openly.
I agree that a lot depends on the decision of governments. I mean, there are huge resources in the hands of any government.Media,parties and television.If there is a positive background on the part of governments,which highlights the positive side of cryptocurrencies,then there will be more supporters of cryptocurrencies, respectively.How can you get people to use Bitcoin if few people know about it?
I think it will take many more years before most of the people use bitcoin as a currency because it not yet widely adopted for use in transactions. You can always introduce bitcoin to anyone but only few of them might be willing to try using it as a currency. The volatility and rapid fluctuations of bitcoin might also discourage people from using it in their transactions.
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.
It is already used as a real currency in a form of payments to some goods mate because there are already merchants outhere but the demand is not that big because most people used it as an investments purposes and the lack of knowledge about cryptocurrency.Maybe those who knows about bitcoin should aware other people that there are existing tool that we can used as a mode of payments and we can profit as well.Even online, there are only a few stores who are accepting it as payment.
Jump to: