Topic: How can we get people to use bitcoin as a currency? - page 4. (Read 52964 times)

No, the future will be no one to use bitcoin in payment widely. After 10 years of development, I am increasingly seeing the faces of the whales. they manipulate very strongly and have made a lot of people lose money. All the news is fake and no one seems to be intending to use bitcoin as a means of payment. And even you, do you want to keep 1 coin that is likely to lose more than 50% of its value in 1 day? If you answer this question, I think you will find out the general answer for everyone.

While there is a pandemic, i think it will be hard for us to get people to use bitcoin as a currency because most of them don't have a spare money for them to buy bitcoin or other cryptocurrencies due to lockdowns and they are temporarily don't have any jobs. But there might be few people who will have an interest in using cryptocurrency because they can earn money while they have a lot of free time at their homes.

Due to today's currency volatility, the fluctuating of cryptocurrency, including bitcoin, no longer seems to be so rapid. It gives certain opportunities for merchants to implement crypto payments. It is also true, because of the high pressure on small business.

The head of Intrepid Ventures, Eric Grover, believes that the global pandemic will cause a new surge in interest in cryptocurrencies from banks and individual specialists.

The world is progressing everyday, during last 1-2 many people they didn't know anything about the phones they got a iphone.
I believe time will change this situation and near soon everyone in this plant can easily get smartphone with even a cheaper price and this problem will be solved. Also if it was a currency like USD/GBP/EUR/... how would you hide your money from thief trying to steal your money? in your pillow and giving it to the government's banks?

It is very difficult to force a seller who knows nothing about bitcoins to accept payment for their goods in BTC. In addition, this form of payment in cryptocurrency will be considered illegal in many countries and the seller will not be able to conduct this financial transaction in their reports.

First thing is to preach the gospel of Satoshi Nakamoto sensei using the legit way of course. This means no scamming, no promising of big profit but making them realize that financial freedom is possible. Teach how this can change the industry in every sector of a blockchain government. Reduce the heretics scheme by producing a better system that closes the gap between the citizen and cryptocurrency. Second is abandon fiat completely and upgrade to the world of digital bits money. This will rapidly increase crypto mass adoption. Winning the heart of men first so we can triumph in the revolution of power. Third and last is totally changing the world into a Hexagon world by implementing a blockchain world system.
A concept idea that is worth fighting for

Let the market dynamics do the trick. IMO, we don't need to do anything as Bitcoin is already more than a decade old. I guess the majority of the world population has heard about Bitcoin, and the majority of them are capable of taking a decision regarding its usage and suitability as a mode of payment. At the most, we can take out awareness campaigns to neutralize the negative propaganda that is directed against Bitcoin. Apart from that, my opinion is that we should stay out from all this.

Giving away small amounts of Bitcoin as a reward for being a loyal customer, seems to be a great way to encourage its adoption as a currency for daily payments. In its current form, Bitcoin cannot be used easily as you would with Fiat. Luckily, the Lightning Network solves many of the issues inherent within the main Bitcoin blockchain. Payments become instant and cheaper like never before. The only issue merchants will have to deal with is price volatility across the market. But using a payment gateway like BitPay to instantly convert Bitcoin to Fiat, will prove to be a workaround for merchants and businesses alike.

We just have to work together as one unified community to bring as much people as possible into Bitcoin. Despite this, not everyone will see Bitcoin as an attractive option for mainstream transactions. Everything will depend on an specific person's preferences than anything else. As long as there are businesses and merchants accepting the pioneer cryptocurrency as payment method, people will be able to use it more thoroughly as a currency. Otherwise, they'll be hoarding it as a store of value just like most of them are doing right now. At least, Bitcoin isn't going anywhere so there's hope that it'll be used seriously as a currency for daily payments sometime in the future. Just my opinion

Bitcoin is already accepted in the market, the people who are still skeptical about the capabilities of bitcoin needs to get out of their shell. Bitcoin is the future of the market as a whole. The only thing that makes it look like not accepted is the accesibility and knowledge of bitcoin. If people where to be paved a way to acces bitcoin and educating them about the wonders that it can do then more and more will continue to favor bitcoin as opposed to fiat.
Volatility is a very daring but acceptable word, bitcoin price can suddenly collapse in a snap but think about it, bitcoin has a limited supply and there is also a halving, which can guarantee that there will a skyrocket in prices. Unlike fiat which can be printed endlessly, bitcoin is a vacuum that will suck the value of fiat. The only disadvantage of bitcoin is that it doesn't have a dividend like shares in stocks.
With the current price of bitcoin, I can agree to that but if you broaden your perspective and think about other people empathically there will be differences. If bitcoin can help in buying more items that you need for sustenance compared to your countries cryptocurrency then you would obviously choose using bitcoin.

I don't think we should compare it to fiat since people would doubt something like we are wanting to replace the fiat into crypto currency. What you're saying is good but the comparison is not needed, we can still display banners especially those businesses to accept bitcoin and give them discounts when using it. In our country, the local exchange let us pay using bitcoin (but not directly bitcoin since it is being converted to fiat) to pay bills and buy load and it will be giving 1% to 5% cashback depending on their promo.

bitcoin price will never be stable because bitcoin is mother of all crypto currency's coin there is like 0 chance that we see bitcoin with a stable price.
we shouldn't make mistake blockchain and bitcoin .if we going to buy something from store we never going to use bitcoin ,there will be other coins witch also faster than bitcoin for transactions to buy.

The volatility is what "kills" Bitcoin's ability to be used as a currency for mainstream transactions. It's no wonder why many merchants and businesses worldwide still use Fiat as a unit of account. After all, they'd want to maximize their profit as much as possible. In the same way, customers would want to use a currency which doesn't affect their spending power for daily purchases. While the Lightning Network allows Bitcoin to enjoy instant transactions and low fees, the volatility issue is still there. Things would've been different if people used Bitcoin directly as a unit of account, instead of Fiat. If the economy was entirely crypto-based, volatility would be a thing of a past since 1 Bitcoin will always be equal to 1 Bitcoin.

Unfortunately, most (if not all) people cash out Bitcoin for Fiat every once in a while. By trading Bitcoin on a free market, prices in terms of Fiat could go up or down depending on how people determine its value within the mainstream world. At least, Bitcoin is a decentralized cryptocurrency which brings its benefits relative to Fiat. After all, the pioneer cryptocurrency was meant to be independent from the world's monetary system. We have jobs which pay directly in Bitcoin, and even some businesses and merchants which accept it as payment method. As long as we do our best to introduce Bitcoin's benefits to the world, nothing can go wrong. Just my opinion

There are numerous methods such as providing SME’s incentive to accept Bitcoin, allow easy access to managing and accepting digital currency through third party gateways (ie Bitpay) and more. There are much more businesses accepting Bitcoin than ever before such as hosting providers and local coffee shops.

I think the largest challenge for people to use it every day is that the price is constantly changing. For instance, when you go to a store the price of an item lets say $3, now imagine that price having to be changed daily to reflect the price of bitcoin and your currency. I don't think bitcoin could overthrow fiat anytime soon so I don't think the argument of "well we wouldn't have to account for fiat price" is inaccurate at this time.

But if we let them be aware to what is the bitcoin and it uses, there is a possibility that they can be curious and can lead to being interested to it. The majority of people are still not aware of it and that is why they are still using fiat money. There is a high chance that they will switch into bitcoin if they fully understand what it is.

Let's always display banners of bitcoin and list its advantage over fiat and get to give discount for anyone who wants to pay for our goods and services even if it's a very small discount. People generally are attracted to low price with good quality.

They still prefer to use the fiat currency rather than bitcoin and just like what you said a lot of people still no cellphone or even internet connection in their area to access and the possibility of transaction of bitcoin. It's still a lot of time and acceptance over the different country before it will use as currency. At first, it's difficult to understand the process and how bitcoin works and this should be considered another aspects not to consider by the other a bitcoin as a currency. People will always stick and not improve unless the government will do it first.

Bitcoin may be easy for us to use. However, that is not the case, a lot of people in a third world country didn't even own a phone. Some live day by day, meaning by the end of the day, the money they earn was already spent. So it's much easier for them to use a physical currency. And that is also a problem, it was easy to use if the people in a country are all advanced in technology.

Agree. It's very convenient to use Bitcoin online than credit/debit cards or even payment processors like PayPal or Skrill. Bitcoin is decentralized and operates 24/7, while that's not the case with Fiat. With Bitcoin's Lightning Network, you can enjoy instant transactions and ridiculously low fees. I always use Bitcoin to buy Gold at APMEX and it'd like to say that the process is quickly and easily. By paying with Bitcoin, you do not need to disclose your personally identifiable information (which is a huge advantage against PayPal or credit/debit cards). Based on my experience, Bitcoin can already be used as a currency for daily payments.

The main issue here is Bitcoin's lack of merchants and businesses accepting it as a payment method for mainstream transactions. Not to mention, most people are skeptical about it because it wildly fluctuates in price across the crypto market. While we could still do our part in helping attract as much people as possible into the pioneer cryptocurrency, we have those hard facts which are hard to ignore. Once we see stable prices on the market and more merchants accepting Bitcoin for daily payments, people will flock into Bitcoin like never before.



Exactly. It'll be hard to ignore Bitcoin in the future, as it'll be a part of our daily lives. The pioneer cryptocurrency has a proven-track record of success since its inception. With the Lightning Network and several improvements underway, you'd bet people will find Bitcoin much more attractive to use than traditional Fiat for online payments. Of course, the technology may be there but it's up to us to promote it more thoroughly. If people are not aware of Bitcoin's benefits, how could we expect them to use it as a currency? This is an effort of not only developers, but also average individuals like you and me. If we work together as a team, we could help Bitcoin reach new heights. Otherwise, it'll only be known among tech-gurus, anarchists, and libertarians alike. Considering that the recent pandemic has encouraged social distancing worldwide, I believe that it's now the time for Bitcoin to shine in the online world. Just my opinion

Don't market it as a store of value or digital gold which suits it better as a commodity to be used for those purposes and not as a replacement for fiat currency