Topic: I have stopped introducing bitcoin to others! - page 5. (Read 5159 times)

Yes, those days are in the past now. We have to find a solution to do fast transactions, otherwise, it will be really tough to introduce it to new people and make them realize the value of Bitcoin. I don't feel silly in introducing Bitcoin as an investment now, coz it is. People think more of it as an investment rather than a currency.

Your selected audience were professionals and they are fixed on the thought that credit cards are much better than bitcoin. The first thing that you should look for are entrepreneurs that are positive thinkers and are experts in multi level marketing business as well as online merchants will have more possibility that they will listen to you. Another thing younger generations are much keen to listen than adults who think they are much better and wiser than you. So in order to convince someone you must approach people that positive thinking and those who are not above you or with the same level as yours.

If you look at current average tx fee you'll see that it's not the case anymore.

Since when credit cards are free? In most banks you have to either have a very significant assets stored to get it for free or you have to pay for it one way or another.
Some banks ask you to pay for the card and then there are no fees and some require you to do a certain number of transactions every month for it to be free, otherwise you get charged a fee.
Also if you go below your CC limit you pay a fee.
Other things to consider are transaction times, banks usually need 24h and bitcoin transactions can confirm in about 1 hour.

The main beauty of bitcoin is less transaction fee.Those who understand about bitcoin will definitely introduce many people to bitcoin investment, because bitcoin is long term investment where you can make huge amount of money in longer run. I myself motivated many people to bitcoin and explained many benefits about bitcoin, now they are really happy with bitcoin earnings.

I would agree if you say we shouldn't introduce bitcoin to others since bitcoin have problems such as slow transaction confirmation, small blocksize or only debate with troll and never do something really useful
However, i should let you know that credit cards have some additional/hidden fees when we make transaction, receive administration letters and other minor fees that most users never realize and we should try introducing bitcoin to others again when bitcoin problems have been resolved.

I have to admit that what got me into bitcoin is the potential for it to be a great investment, and iso far it has not disappointed me. I think we just have to live with bitcoin attracting more users from the investment side rather than as a currency. Just like what most of you are saying, it is hard to defend something that doesn’t get things done the way it should.

Oh i could rant.. i could REALLY rant

But OP you are wrong.. ever heard of credit card fee's ?
Like paying 25% ?
Those transactions are not "free"

But i gave up when i had a guy say "fuck Bitcoin, i just want to make money off it" ..3 years ago

What ? am i suppose to recommend using it when it takes days to have a purchase go through ?
I sold BTC on LocalBtcoins and i got the Interac eTransfer confirmation email immediately with NO wait !
It cost one dollar flat rate.
Straight to the bank account to spend immediately.

What ? am i suppose to tell noobs they have to use a calculator to figure out what fee will get their TX done in 24 hours ?

Oh trust me there is far more negatives than that too.
Bitcoin has to get it's shit together and fast.

The $2000 transfer across international borders is still a valid use case for bitcoin as a currency, but the number of valid use cases for bitcoin keeps decreasing! The profit from speculation is all based on adoption of bitcoin increasing while the utility of bitcoin increases. The network effect is key to the valuation of bitcoin. The utility of bitcoin is currently decreasing (look at the record-sized mempool today!), and adoption may well start to decrease soon. This would be truly sad to see.

Legit point, but you can answer that bitcoin is much better and faster in remittance service than credit card or debit card. And it is the advantage of bitcoin.

They have a good reason, so it's a bit hard to argue with them. Bitcoin is drifting away from it function's as a currency day by day. People see it more as an investment this day rather than a digital currency. It took longer for transaction and it has fee which keep increasing. It's hard to persuade people using bitcoin as a currency that i don't bother to do it anymore.

dude, using bitcoin does not magically exclude you from paying taxes. you are still living inside a country and have to follow the rules of that county, which means you have to report your to the taxman otherwise he is gonna get you
and if you pay lots of taxes just for using fiat services such as banks it doesn't mean the rest of the word do to!

if you don't believe it and also think you are anonymous then check out who BurtW is and what happened to him. a little help: https://bitcointalksearch.org/topic/burtw-arrested-update-charges-dropped-934268

Yeah sure. I hope that you will happy about paying tax to the government lol. I do not know why you like to blame about the fee. Most of the people are getting crazy about the fee while they do not know that thanks to the fee, they will never have to pay tax or something like that. And moreover, you can have a good security and become an anonymous person. LOL keep using FIAT dude and you will become rich with it

That proves people who haven't interest and don't want to learn new thing, not fit to use bitcoin. Why? Because vulnerable to: scammed, infected with malware, lost their coins.

I have same experience, unfortunately they not say such thing, they just not really notice me and I think "at least I spread about bitcoin to around me". I don't care they will use or not, they will know themselves.

let me give you an example. last week I did a business with someone and transferred about (what would be in USD) $2000 in local currency through my bank. I paid 0 fees no tax, it went through safe and fast with no tax.


in general, no. I disagree. there are still lots of other benefits for using bitcoin as a currency. such as anonymity and still cheap money transfer oversees. but as long as the fee war is going on and blocks are full yeah. I still am not going to call it "shitty" though.


Quote from:
Bitcoin: A Peer-to-Peer Electronic Cash System by Satoshi Nakamoto
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."
literary the first line.

if we stop using bitcoin as a currency and it starts being a purely investment type of thing, then what Satoshi created will be dead and don't expect much rise after some point either because people are only going to be interested in the $$$ and will dump after each rise to get their $$$ out.

in other words I do believe that bitcoin should be considered a currency first and then because it is a currency and it has lots of demands as a currency its price goes up. otherwise it is a plaything for speculators and regular people have no place in that world.

I disagree with you, the transaction fees are getting higher and it is making Bitcoin unpopular especially to the yet to be told and the newbies. I think he made a brilliant point that it's silly to pay so much for a new technology while my conventional credit card charges nothing to perform a similar transaction.

I feel the same. I also do not tell people any more. Bitcoin is still a good store of value and it has other cool feature, like being in charge of my money, pseudonymity and decentralized ledger, but it is no longer cheap and fast to transfer. It never was a currency, since there are no merchants where i can spend it, besides a few. If Bitcoin changes, then maybe i start talking again about it, but right now i can not sell something i do not believe 100% in.

Why this is silly point
It is true that if you just keep holding bitcoin without having close eye on market activity than you will actually loss rather than making any profit out of it. So thinking bitcoin as passive way of earning profit is the wrong sentiment.

That's complete bullshit, sorry.  You're not more intelligent because you use an internet currency that pretty much no one accepts, and that costs money to obtain and use.  Get over yourself.  OP is completely right--or rather, the ones arguing against btc as a currency are right.  It's a shitty currency.  End of story.

Even if you buy now, you will be rewarded later.