Topic: How can we get people to use bitcoin as a currency? - page 6. (Read 52964 times)

if bitcoin is used like a fiat currency, It is impossible because of the lack of people understanding and lack of knowledge about bitcoin function, usefulness, facilities, safety and even though a few countries have made bitcoin a legal payment tool

Most people just hoard Bitcoin instead of using (spending) it in their daily lives. They only care about making money with Bitcoin and nothing else. The number of people that truly believe in Bitcoin's technology to change the world is far less than we've ever imagined. As long as Bitcoin remains a volatile asset across the market, it won't be able to attract the likes of everyday people. While the number of users within the Bitcoin ecosystem is growing at a slow and steady rate, traditional payment processors (like Visa and Mastercard) surpass the pioneer cryptocurrency by a long shot. We could still do our part in spreading the word about Bitcoin to people in the mainstream world. But Bitcoin would need to focus on stability/scalability if it wants to become a widely adopted cryptocurrency by the average person.

Nonetheless, the best thing we could do is introduce the benefits of Bitcoin to the world in order to attract as much people into this monetary revolution. Some people will find Bitcoin to be suitable for their needs, while others will find Fiat to be better. It's certain that Bitcoin works both as a currency and as a store of value just like Gold. The main Bitcoin blockchain can be relied as an immutable store of value while the Lightning Network will serve as the perfect system for daily payments. I believe that letting people know that Bitcoin can also process payments at instant speeds with virtually zero costs will encourage them to use the pioneer cryptocurrency as a real currency for everyday payments. Just my opinion

There is no need to bring religion into discussions like this and that reason is not very appropriate for the future of bitcoin itself. If you are aware of an adoption, then that is the answer, because with the adoption at least there will be many users can have other interests to use bitcoin as a means of payment and other transactions, if you only use bitcoin as an asset without a good increase in many factors and other elements, then how can bitcoin have a good future.

I don't think that's the reason why they don't want to use it. Bitcoin being a virtual currency is something that needs deeper understanding so that you can appreciate it. Not just because you can't see it, you wouldn't believe it already. Lots of people are fond of religion wherein most of the things are not visible yet they believe. Bitcoin is really way better to be kept than spent though most specially when its value is rising.

The convenience is one of the thing we long for that's why we chose bitcoin. It can really be a small step yet a huge help for the community if we are going to use bitcoin as a mode of payment. Let us hope that someday, almost every store on the internet would accept it so we can revolutionize the use of it more and attract worldwide governments to legalize it.

Bitcoin is a virtual money and they cannot touch it, so some people thing is is not real.
Also people who have bitcoin likes to keeo it rather than spend it like fiat.

Maybe but for me, I don't want to use it that frequently.

Despite that, there are a lot of people wanting to use Bitcoin as a currency, in the meantime also a lot of people want to earn a profit out of this cryptocurrency. Since the acceptance of it is not that high compared to online payment methods, they will just be forced to hold it and instead make it an asset instead of a currency.

Agree. As long as we let people decide between Bitcoin and Fiat currency, everything will be fine. It's important to let people know that Bitcoin is a greater alternative to the existing monetary system because of the benefits it provides. Not everyone will adopt Bitcoin though, since it depends on a specific person's preferences or daily needs. For some people, Bitcoin proves to be a useful cryptocurrency for sending money across borders or even as a store of value. But for others, Fiat is the best because it's backed by the full faith and credit of the government. Not to mention, Fiat is stable in price whereas Bitcoin is not. Because of this, it's practically impossible to make everyone use Bitcoin for their daily lives as a currency.

Considering that Bitcoin is more useful as a store of value (due to its limited performance) than a currency for daily payments, the number of people in its ecosystem is far less than that on the traditional banking system of today. The time will come when people will adopt Bitcoin in mass once the Lightning Network becomes stable and practical for micropayments. What's limiting Bitcoin's adoption is the high fees and slow transaction throughput, but the aforementioned Layer-Two solution will make things interesting in the long run. Slowly and surely we'll get there if we do our part by promoting the main BTC blockchain (and the LN) to the world. As it's said in the real world, "patience is a virtue". If you have patience, you'll be able to see good results in the long run. Hopefully, more people will join our cause in decentralizing the world's economy via the use of Bitcoin and Blockchain technology. Just my opinion

First option is to offer good products or services for cryptocurrency. For example, what if a popular car constructor like Ford would accept to sell one of their model only with crypto...coins...

Yes, they come instantly, but they can go instantly too. however, it is quite easy to invite them, because basically this is also one of the interesting businesses. however, when they know that this is very difficult and risky, they leave little by little. however, there are many ways to get people to know and use bitcoin, even by socializing, we can do it, but it's quite difficult to make them survive. Well, I've tried it, but only a few people who still use it.

I think your suggestion was a good idea why we can use bitcoin as a real currency? Because crypto currency are the easiest way to pay for our daily needs, not like tge cash you need wallet, ATM or a bag not like tge crypto currency all you need to bring is your phone. But just like you said not all tge stores are accepting that kind of currency.

Some people would want bitcoin to be use as a currency in order to lessen the hustle as well as the transaction fee being used from btc-fiat-item. Some stores accept it as a currency, although it is volatile and there is a big risk to used it as a currency because of its volatility, it is still a good news for some people to know that it can still be used as a currency.

To be honest for now it's very difficult to make bitcoin a currency. Because indeed the number of merchants that receive payments bitcoin
is still limited and also some countries still forbid bitcoin from being used as payment. Constraints like this that we must think of a way out.
Maybe I will start from myself trying to buy some necessities at a shop that provides payments with bitcoin. Then try to promote some famous
merchants who have already received payment by bitcoin.

You are right, you can’t only show the positive aspects of bitcoin and cryptocurrencies. In order for a person to want to take advantage of all the amenities of a cryptocurrency, he must understand that this is really necessary for him.

Otherwise, we will simply manipulate the person forcing him to do what we need due to the fact that we restrict him in the supply of information, these are manipulations that scammers use. People need to understand whether they need bitcoin or not. After all, not everyone needs cryptocurrency, in any case now.

First of all, you need to show people what cryptocurrency is in general, as well as the opportunities that it provides, along with all the problems that a person may have if he decides to connect his life with the use of

Agree. If you give away some Bitcoin for free, people will be encouraged to use it in the first place. After all, who can't resist something that's free? Aside from that, it's necessary that we introduce the benefits of Bitcoin over Fiat to the general public. If we don't spread the word out there about Bitcoin, people won't be aware that an alternative currency that's independent from any central authority truly exists. Even people who've heard about Bitcoin before, don't know how to use it thoroughly for day-to-day payments. While I have to admit that Bitcoin developers have improved the user experience, there's still a lot of work to be done in order to increase the mainstream adoption of the pioneer cryptocurrency.

Believe me that once people become aware of the benefits of Bitcoin over Fiat, they won't come back to traditional payment processors anytime soon. The only downside of Bitcoin is the volatility in price, but that's because the crypto market is not as liquid as the stock market. The time will come when the world will begin using Bitcoin and other cryptocurrencies in mass. With a friendly regulatory environment for the crypto/Blockchain industry, Bitcoin and other cryptocurrencies could become an attractive choice for everyday people. Until then, Fiat will continue to be largely trusted worldwide on top of any digital currency because it's stable and widely regulated by the government. It's up to you and me to encourage people to use and support Bitcoin as much as we can for its own benefit. Just my opinion

Easiest way is to give them something to buy with cryptocurrency, something common for household so people will use crypto every day,

That's certainly true, mate. While the number of companies using Bitcoin as payment method is low, it's hoped that adoption will increase over time as people become aware of the cryptocurrency within the mainstream world. It's up to us to "deliver the message" in order to attract as much people into Bitcoin as we can. With increased demand, comes increased adoption. It's no wonder why most companies have been away from Bitcoin and crypto in general because of their extremely low adoption worldwide (aside from being unstable in price). Regulation is necessary in order to bring legitimacy to the entire crypto/Blockchain space.

Considering that Bitcoin is still volatile in price and not scalable for the world, people are unable to use it as a currency today. Maybe sometime in the future, Bitcoin will be used as a currency if developers pave the way for scalable solutions (like the Lightning Network) to transform the Blockchain in its entirety. Of course, it's now possible to send Bitcoin payments at a fraction of the cost using the Lightning Network. But the solution is still not ready for widespread use within the mainstream world. Some time is needed to allow Bitcoin to grow in development and innovation. Only then, people will be able to use Bitcoin as a currency more thoroughly instead of hoarding it like a store of value.

Nonetheless, there are many ways for us to get people to use Bitcoin as a currency for their daily lives. As long as we introduce the benefits of Bitcoin to the world, the time will come where people in mass will adopt the pioneer cryptocurrency as a real currency for daily payments. There's no rush in this, since Bitcoin has been doing fine after all these years. Remember, "slow and steady wins the race". Bitcoin may have been slow at scaling for the world, but in the end it'll win the race as it's doing everything in the most decentralized way possible (unlike other cryptos like BCH and BSV). Which is why, I believe that sooner or later Bitcoin will become used as a serious currency for the whole mainstream world to enjoy. Just my thoughts

Bitcoin is a currency.

Back in the days when the civilization was young, we traded with rocks/silver/gold etc.
Nowadays we wouldn't even consider using gold for buying goods. We see it as a financial security for example.

Indeed, it is because we are not only spreading information about bitcoin here on this forum. There are lots of people who are introducing cryptocurrency in so many social media platforms which is really a good way to promote because we all know that social media is now the thing on the internet, we know that there are lots of users on a particular social media platform every day, not only students but also some businessman are using it for some business purposes. That is really a good way to encourage everyone we know to use bitcoin, and a better thing could happen if we could encourage some people with money and who really want to earn using bitcoin.
Definitely, there are now some companies or malls or any other commercial stores that are accepting bitcoin as payment, this is really a good idea because it can really make every transaction when others recognized that using bitcoin is really good by paying their stuff with the safe and fast transaction.

many people are instantly accepting used bitcoin as currency.mainly use it for games and trading and i guess people who accept BTC are starting to crop,those people who were involved with bitcoin from early on have done so in the hopes that bitcoin will someday becomes a widely use currency especially of those countries where inflation is through the roof of governments are as corrupt as it gets,bitcoin is the only way to survive because it cannot be inflated by a central bank or controlled by anyone

The reason to adduce to why it might not be visibly possible to use bitcoin as a currency is fluctuations. Currencies of the world are unlikely to be fluctuating, they can only devalue.
To this extent, bitcoin will be operating as digital currency.