How can we get people to use bitcoin as a currency? - page 37.

DarkIT

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Quote from: Argoo on November 21, 2018, 11:50:42 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.

After Bitcoin drops to the lowest level several times in price, it can then be stopped for a long term as a means of accumulating value and will finally be used as a means of payment. However, in this case it is still necessary for Bitcoin to legalize the state and develop the infrastructure for its direct use as a means of payment.

you're right, but we can't impose that will. sometimes, when people know the potential of bitcoin, that person will only see bitcoin as a tool to generate profits, and that is normal. I think a low price now will make many people try to make transactions, or open a business that is related to bitcoin, so bitcoin will be used as a means of payment by people.

coinfinger

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Quote from: gabmen on November 20, 2018, 07:35:29 AM

Quote from: Sengoko on November 20, 2018, 12:44:36 AM

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.

Getting people to make use of Bitcoin would be a very difficult thing to do. First of all, most of us already have a bank account and do you expect them to withdraw the whole they have in their accounts or maybe half of it and move it to cryptocurrency? No, that’s not going to happen, cryptocurrency is not even stable, how do you expect people to do such a thing? They will never agree.

Not today at least. Satoshi meant for bitcoin to be used like a currency for easier and cheaper transaction, though btc's current state would make it hard for anyone to consider it for it's real use. But don't count that posibility out as well since bitcoin's future is still far from realization.

Lol, even the question doesn’t make any sense. It’s none of the op’s business if people choose to make use of cryptocurrency or not. You can’t force anyone to make use of what they don’t want to, people just don’t like Bitcoin and that’s the truth. Not even all of us here can withdraw the whole money we have in banks and put them in cryptocurrency, because we know what will happen.

faceoff97

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When people realized that having Bitcoin is simple and secure, they might possibly decide to join in. The better way to make understand it is to give them or let them have a Crypto wallet where it shows the basic feature of Crypto which are open source code, peer to peer transfer, decentralization and user friendly feature. I use Hodler wallet when presenting it to.someone, since it is the only open source multi wallet available and it has easy to handle feature.

Argoo

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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.

After Bitcoin drops to the lowest level several times in price, it can then be stopped for a long term as a means of accumulating value and will finally be used as a means of payment. However, in this case it is still necessary for Bitcoin to legalize the state and develop the infrastructure for its direct use as a means of payment.

nasipadang

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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.

It is not easy for ordinary people to use bitcoin as a medium of exchange, because until now we have to buy bitcoin in excahnger with FIAT and the process is very complicated especially the verification of KYC customers, although security is very complicated for new people. and as you say there aren't many sellers who accept payments even though online.

aeternus

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Quote from: BCTalkaccountforsale on November 15, 2018, 12:50:12 PM

It's hard to make Bitcoin a currency because Bitcoin has so many disadvantages that it's hard for anyone to use it as a common currency. Bitcoin's pricing is also a big drawback.

It is true that the volatility in the price of bitcoin is a big drawback for those that want to use bitcoin only as a currency, but besides that the only two other disadvantages that I see that bitcoin has is the speed at which a transaction is confirmed and the fact that you need a computer to access bitcoin when you do not need a computer in order to use cash.

vedeloper

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People always need time to get used to something new

gurang

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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.

We have to recruit a People so that they can Work in bitcoin sp that it can help in our life and once again into our future so that we have to work here.

Otsu

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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.

It's hard to used bitcoins as a medium of exchange or as a currency because the price is unstable and highly volatile. And aside from that, there are no solid regulations that can protect the interest of the users in which will give them assurance that they will be satisfied in using cryptos as payments.

gelinshidong

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The easiest way is that when the price of Bitcoin is higher than $100,000, it is natural for many people to pay through Bitcoin, and the price of Bitcoin determines the value of the entire cryptocurrency market.

Hilly

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Quote from: suzanne5223 on November 17, 2018, 10:44:53 PM

Quote from: mace15 on November 17, 2018, 10:02:28 PM

Quote from: Wayan_Pedjeng on November 17, 2018, 09:55:46 PM

I don't think that we need to worry about this too much. If Bitcoin looks attractive to the individuals, they will start using it without any compulsion from the promoters. At the most, we can educate people about the benefits and merits of Bitcoin.

This is true, at this point we dont have to worry about other people to use bitcoin as currency. In every country we have on our own currencies to use to buy foods and services. When bitcoin has more benefits that users enjoying much no need to force other people to use eventually they will adopt this technology.

Well said and I agreed with what you said seems we already have some part of the government supporting bitcoin as currency. Besides, the words said by the IMF Director, Malta PM and others crypto currency enthusiast is enough but we still have to spread the words about crypto using the media and a time will come that the world themselves will drift to crypto currency.

So this could be done by enabling them understand the importance of crypto currencies and its use in daily life. In addition, once you have enough knowledge about the cryptocurrency, you would encourage other fellows to invest in it as well and so would the word spread.

pieppiep

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to be able to make many people start using bitcoin as a currency then bitcoin should be able to have a stable price and of course bitcoin must have clear rules for the circulation and use of bitcoin so that it can make the use of bitcoin safer and more comfortable.

stellgod

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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.

Making use of Bitcoin should only be a matter of choice. Nobody would like to put their money into such a thing as cryptocurrency and lose it on a daily basis, not even you can do that, except if you planned for investment. But there are still a lot of people that are making use of Bitcoin, so if you planned to make use of it in accepting payments for services, there are lots of ways you can do that and receive payments from people straight to your wallet.

gabmen

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Quote from: Sengoko on November 20, 2018, 12:44:36 AM

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.

Getting people to make use of Bitcoin would be a very difficult thing to do. First of all, most of us already have a bank account and do you expect them to withdraw the whole they have in their accounts or maybe half of it and move it to cryptocurrency? No, that’s not going to happen, cryptocurrency is not even stable, how do you expect people to do such a thing? They will never agree.

Not today at least. Satoshi meant for bitcoin to be used like a currency for easier and cheaper transaction, though btc's current state would make it hard for anyone to consider it for it's real use. But don't count that posibility out as well since bitcoin's future is still far from realization.

jonaire99

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Bitcoin is used mostly in trading and investment. To use it as a currency, there must be available shops that accept it as a mode of payment. Bitcoin is more volatile that the ordinary fiat and its price are changing in every minute so it is hard to maintain or stabilize its price. Furthermore, most of the people around the wirld are still prefers fiat so it might take time before they get use to bitcoin as their currency.

Abosede

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That might be a bit difficult to achieve except if is converted to fiat and then use to make purchase.The nature of crypto will not allow business to accept it directly for transaction because if the fear of losing.

Sengoko

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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.

Getting people to make use of Bitcoin would be a very difficult thing to do. First of all, most of us already have a bank account and do you expect them to withdraw the whole they have in their accounts or maybe half of it and move it to cryptocurrency? No, that’s not going to happen, cryptocurrency is not even stable, how do you expect people to do such a thing? They will never agree.

rachellee

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We get more people to use bitcoin by educating them about it. If they are familiar with it, its wallet, its benefits, its great features, then they'll patronize it as a payment option. The problem is many people are not even aware that this kind of technology exists, or if they do, they are blinded by the misnomer that it is a scam. It must be debunked in their minds, so that they will start to adopt it.

Kimonoe

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Quote from: Dudeperfect on November 19, 2018, 09:10:33 AM

To be honest, we should not force directly or indirectly to anyone for the purpose of getting involved with crypto. However, as a user of it, we should always be ready to help others in case of any misunderstanding about it. As far as growth is concerned, I believe that we should start using crypto as a payment system and others will get involved with it eventually without forcing them. It's the innovation and those who will realize the value of it will definitely use it.

Forcing I don't think it's good learning. for those who open their eyes, I think I will be curious to know bitcoin, and our duty to that condition. moreover as a young generation we must be clever to take advantage of opportunities for the future

Dudeperfect

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To be honest, we should not force directly or indirectly to anyone for the purpose of getting involved with crypto. However, as a user of it, we should always be ready to help others in case of any misunderstanding about it. As far as growth is concerned, I believe that we should start using crypto as a payment system and others will get involved with it eventually without forcing them. It's the innovation and those who will realize the value of it will definitely use it.

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