How can we get people to use bitcoin as a currency? - page 43.

yusupjatigumilar

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Quote from: SnowAugustine on October 15, 2018, 08:13:46 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.

I think bitcoin is used as a currency and not as a tool to earn a lot of money in a short time, first thing to do is to build trust from the government and the state, trust is very basic in making an entity a transaction tool

kayzeeh

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Quote from: stefany101 on November 04, 2018, 07:38:37 AM

There are too many ways that we can do to encourage other people to use cryptocurrencies as a paying process for their every transactions they want to have in the virtual life and social lives. But we must considered that there are factors why people are being hesitate theirselves to do so, like; influence of their government, news about cryptocurrencies and the lacking of funds to invest on it.

You are right, and the real reason why merchants are hesitant to use it is because of its volatility, it will never have a fix value so they are still needed to learn how to hold it and when to trade it.

KesoNie

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Quote from: stefany101 on November 04, 2018, 07:38:37 AM

There are too many ways that we can do to encourage other people to use cryptocurrencies as a paying process for their every transactions they want to have in the virtual life and social lives. But we must considered that there are factors why people are being hesitate theirselves to do so, like; influence of their government, news about cryptocurrencies and the lacking of funds to invest on it.

We can easily encourage people to used Bitcoin by showing them a evidence that you're get earn through it, because most people only believe if they saw a proof. But I think we can convince some of them if they really want too but if not then its better to find someone who is willing to know cryptocurrency than convincing those people that have no interest. Also I think many people is willing to be part of crypto right now because they know they can change their life.

stefany101

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There are too many ways that we can do to encourage other people to use cryptocurrencies as a paying process for their every transactions they want to have in the virtual life and social lives. But we must considered that there are factors why people are being hesitate theirselves to do so, like; influence of their government, news about cryptocurrencies and the lacking of funds to invest on it.

cahbagus555

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Quote from: SnowAugustine on October 15, 2018, 08:13:46 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.

I think its depending on merchant. Some merchant accept bitcoin and many merchant still afraid accepting bitcoin because government regulation. But in near future, i am believe more merchant accepting bitcoin as currency

djgtr

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Quote from: biskitop on November 02, 2018, 10:07:21 AM

all of this will depend on government regulation of crypto. because shops and even online stores will consider many things to accept crypto as a means of their transactions, including those from government regulations. we all really hope that many stores that accept bitcoin or other crypto as valid payment tools so crypto is really useful as a means of payment, not just investment assets that are widely exchanged by people to fiat.

You are right, the regulations will always need to follow so that you will be guided as well. We cannot pursue some individual to use bitcoin as crypto as of this moment because not everyone knew what is it and some does not need hassle eventhough bitcoin is hassle free. For us this is very useful and in demand.

coinluisa

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Quote from: SnowAugustine on October 15, 2018, 08:13:46 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.

I think is not easy to do that because government is not agree and many thing be discussed and to be considered if they do that. I think be thankful that crypto are using some store it means it's a big step.

Semaj123

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Quote from: SnowAugustine on October 15, 2018, 08:13:46 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.

Adoption isn't so easy to achieved because majority of the people for now still prefer to used Fiat money. What is good is that cryptocurrencies are showing some progress which some private companies started to show some interest about the technology. Time will tell that everyone will learn to understand the potential of this technology.

toast

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for now in my country the government has not fully formalized the crypto currency as the prevailing currency even the government forbids direct transactions with crypto currencies what maybe we can introduce crypto currencies to ordinary people is very difficult to make them believe crypto currencies are investments profitable

yfan2010

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I think as long as fiat money is still circulating in the community it will be very difficult to make bitcoin a legitimate payment instrument in all countries, because the sense of dependence on fiat money has become one within themselves.

sulendra12

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Quote from: bravehearth0319 on November 02, 2018, 06:43:48 AM

We don't need to encourage people to use bitcoin, it will happen inevitably only if bitcoin has resolved important technical issues such as stability, security, and transaction speed. These are very significant in bitcoin adoption.

Bitcoin never be stable and transaction speed depends on what happen in the network and fees. There is nothing much you can do about that.

Quote from: Inkdatar on November 03, 2018, 02:14:18 PM

Also with the volatility of the value about bitcoin that people will adopt this easily as currency.

No, that's the opposite. Some countries banning Bitcoin because the volatility matter, so Bitcoin's volatile is not for all people and most likely they hate them because it could make you lost some amount of money.

Inkdatar

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Quote from: zubrr51 on November 03, 2018, 07:08:39 AM

Making people use Bitcoin as a real currency will not work. It should be convenient and safe, then people will start using it themselves.

Many complications can happen if people will only use bitcoin as currency. For some prefer to use bitcoin as currency and no fiat currency to be use. There should be regulations to be occur in the future to be safe and less complication in case this will implemented. Also with the volatility of the value about bitcoin that people will adopt this easily as currency.

myohmy81

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Quote from: SnowAugustine on October 15, 2018, 08:13:46 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.

The only issue here why people will not use bitcoin as currency is the volatility and they will afraid to take a risk to lose some amount of money in just few minutes as the price of bitcoin will change from time to time. I think this can only be a commodity rather than a currency.

zubrr51

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Making people use Bitcoin as a real currency will not work. It should be convenient and safe, then people will start using it themselves.

Muzika

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Quote from: biskitop on November 02, 2018, 10:07:21 AM

all of this will depend on government regulation of crypto. because shops and even online stores will consider many things to accept crypto as a means of their transactions, including those from government regulations. we all really hope that many stores that accept bitcoin or other crypto as valid payment tools so crypto is really useful as a means of payment, not just investment assets that are widely exchanged by people to fiat.

The impact of government regulation will really affect the crypto market in a positive way if this happen many commercial establishments will use crypto as their mode of payment, by that people will be familiarized what cryptocurrency is and it will be good for the market because investment and buying coins in the market will start.

Kiweikoo

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Quote from: SnowAugustine on October 15, 2018, 08:13:46 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.

I don’t know if that’s really possible. Bitcoin is volatile and that’s how it was meant to be, there is no way to have that changed and people are now seeing it as an investment or what they can easily manipulate to be in favor of themselves to gain profit. If you want to be using Bitcoin as a currency then get ready to face the consequences that comes with it as the price fluctuates up and down, cause you’re going to lose your money.

biskitop

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all of this will depend on government regulation of crypto. because shops and even online stores will consider many things to accept crypto as a means of their transactions, including those from government regulations. we all really hope that many stores that accept bitcoin or other crypto as valid payment tools so crypto is really useful as a means of payment, not just investment assets that are widely exchanged by people to fiat.

TheClownSong

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Quote from: SnowAugustine on October 15, 2018, 08:13:46 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 merchant not accepting bitcoin yet because government regulation not allow it. In several country like Japan or Germany, bitcoin already become currency and can use in merchant as payment. Its good start and i am believe others country will following Japan and Germany step

randyg29

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I just think the way that I did to my friend by sharing what I know to them the way of making some conversation with my own friends that I want them to know how to use it and if they don't want to use to it we better let them go we should not force them if they don't like.

bravehearth0319

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We don't need to encourage people to use bitcoin, it will happen inevitably only if bitcoin has resolved important technical issues such as stability, security, and transaction speed. These are very significant in bitcoin adoption. It's bitcoin's task to show the public its capability. Then, people will use it without encourahing them.

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