In what way bitcoin gets increased usage?

lightningmelo

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Quote from: nydiacaskey01 on September 17, 2019, 07:50:49 PM

I guess one of the best way to increase usage of Bitcoin is to make people use it as a payment option and I hope there will be a site that will offer exclusive discounts and promotions for those who will pay using Bitcoin. Maybe a store or a mall that accepts Bitcoin only or an in demand product that can be bought using Bitcoin.

Holding is using. It's creating market pressure and removing coins from the overall pool.

Aside from that, it's certainly good that some people trade using bitcoin. However, we should assume that's a very tiny percentage of the market and valuation.

barbara44

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Quote from: ttcsalam on September 18, 2019, 05:47:21 AM

The use of Bitcoin is increasing everywhere. Bitcoin is the big transaction in a moment.Many companies are now abandoning banking services and accepting bitcoin services. Due to the convenience of fast transactions.

We like to assume too much, is there any research that you have done that really shows that investors have abandoned bank services? It would be impossible for now for investors to really abandoned bank services for whatever purpose that they need the bank for because they still dealt with fiat, and it is you and I that have not encouraged the total acceptance of bitcoin as payment of goods and services.

The market is more used for asset purpose and this is creating lots of volatility, as long as the volatility is there for w, it may be difficult for them to really do without bank and the only thing that can make volatility reduce too minimum is when we start using it as payment tool, then it will be more recognized as currency than asset.

ttcsalam

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The use of Bitcoin is increasing everywhere. Bitcoin is the big transaction in a moment.Many companies are now abandoning banking services and accepting bitcoin services. Due to the convenience of fast transactions.

peter0425

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Quote from: Ayiranorea on August 27, 2019, 10:21:37 AM

Already this might have discussed. The growth of bitcoin as well other digital currencies keeps progressing with time. By the time common people too have begun to use cryptocurrencies on their daily life. Compared to the fiat usage, common people using cryptocurrencies were low. When the usage increases what will be the preference of common people. Whether it gets used as investment, gambling asset, trading asset, alternate payment, darkweb usage source.

Maybe the increase of usage of bitcoin by all means on those you’ve mentioned are already done but something is missing and that is the popularization.
Bitcoin must be in all aspect not just those you mentioned .people worldwide must be in crypto for this all to be in effect and for everyone to take place
Cryptocurrency is risky indeed but this is also beneficial and that’s what people must understand and accept

nydiacaskey01

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I guess one of the best way to increase usage of Bitcoin is to make people use it as a payment option and I hope there will be a site that will offer exclusive discounts and promotions for those who will pay using Bitcoin. Maybe a store or a mall that accepts Bitcoin only or an in demand product that can be bought using Bitcoin.

ChrisPop

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Not your Keys, Not your Bitcoins

I think the best way to increase Bitcoin usage would be to incentivise businesses and merchants to start accepting it as payment. That would really create a domino effect IMHO, but this activity needs to be organised efficiently starting locally in every country then expanding.

The goal is to offer the people the way to satisfy their day-to-day needs by using BTC/crypto.

Bugatti73

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Quote from: traderethereum on September 16, 2019, 07:04:49 PM

Quote from: Bugatti73 on September 16, 2019, 04:28:43 PM

As I remembered Pornhub or a similar source of porno industry made available crypto deposits, is it true or false?

Yes, that is true.
Pornhub accepts cryptocurrency.
I think it will a good start for the porn industry too, and if there are other similar websites which can be accepted cryptocurrency, then it will help the growth of cryptocurrency on the internet.
More people will see a new payment system available, so they don't have to use a credit card to pay or subscribe to those sites.
As long as there are more websites can integrate their system into cryptocurrency, and they can add a cryptocurrency payment button in the product sale page on their website, people will see and will curious about cryptocurrency.
But the big important things that will help cryptocurrency to boost the existence and the growth of cryptocurrency is by approving from the government so the cryptocurrency can grow fast in under the government regulations.
But that will not easy as many countries still not approve cryptocurrency as a new payment system.

It would be interesting to try to legalize marijuana and prostitution using blockchain technology in some countries? How do you like that idea?

Botnake

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Quote from: dongosquad on September 16, 2019, 06:49:28 PM

Since getting to know cryptocurrency a few years ago, the most prominent and most widely used is as an alternative payment, commodity trading, and investment. Cryptocurrency provides many conveniences and opportunities to improve these three aspects. If we want to earn money in the digital age by utilizing technological developments, of course cryptocurrency is the best alternative, not to be missed.

Crypto currency or crypto market in general is a big market, and unfortunately, only a small number of altcoins are legit as most of the coins coming from ICO generation in the past are now scam coins and other are gone already. If we want to invest, we need to focus on legit project in altcoins and of course the most popular and dominant coin which is bitcoin. If this market will grow, that's because of bitcoin's demand since currently the dominant rate of BTC is so high.

Therefore, we should hold more BTC than altcoins and continue to support by using this coin in our online transaction, if you are gambler, you will surely enjoy using bitcoin for your online betting as it gives more convenient over fiat use in gambling.

traderethereum

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Quote from: Bugatti73 on September 16, 2019, 04:28:43 PM

As I remembered Pornhub or a similar source of porno industry made available crypto deposits, is it true or false?

Yes, that is true.
Pornhub accepts cryptocurrency.
I think it will a good start for the porn industry too, and if there are other similar websites which can be accepted cryptocurrency, then it will help the growth of cryptocurrency on the internet.
More people will see a new payment system available, so they don't have to use a credit card to pay or subscribe to those sites.
As long as there are more websites can integrate their system into cryptocurrency, and they can add a cryptocurrency payment button in the product sale page on their website, people will see and will curious about cryptocurrency.
But the big important things that will help cryptocurrency to boost the existence and the growth of cryptocurrency is by approving from the government so the cryptocurrency can grow fast in under the government regulations.
But that will not easy as many countries still not approve cryptocurrency as a new payment system.

dongosquad

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Since getting to know cryptocurrency a few years ago, the most prominent and most widely used is as an alternative payment, commodity trading, and investment. Cryptocurrency provides many conveniences and opportunities to improve these three aspects. If we want to earn money in the digital age by utilizing technological developments, of course cryptocurrency is the best alternative, not to be missed.

akeda

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Quote from: Ayiranorea on August 27, 2019, 10:21:37 AM

Already this might have discussed. The growth of bitcoin as well other digital currencies keeps progressing with time. By the time common people too have begun to use cryptocurrencies on their daily life. Compared to the fiat usage, common people using cryptocurrencies were low. When the usage increases what will be the preference of common people. Whether it gets used as investment, gambling asset, trading asset, alternate payment, darkweb usage source.

To develop this Bitcoin I think it will be the same as other technologies.
In today's digital age, Bitcoin is perfect for helping us in our daily activities.
We are expanding this Bitcoin into alternative payments, for example,
People love to shop online, so Bitcoin can be used as a medium for payment.
And in any online shopping can provide promotions for people who pay using Bitcoin, possibly a 20% discount up to 50%.
This will certainly attract a lot of people's attention, so they will buy Bitcoin.
Thus he was able to develop Bitcoin, even in daily life.

mlmdaily

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In every of these ways except gambling I guess.

Dixbless

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I think it's related to the investing more likely.

Bugatti73

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As I remembered Pornhub or a similar source of porno industry made available crypto deposits, is it true or false?

Zionatin

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I think that people who really want to make money will have a look at how many crypto or potential crypto users there are and decide if they want to support crypto payment options. I think it would be best to accept all payments options esspecially online. Many times I have left some online shops only because hey never accepted bitcoin. The ones that accept bitcoin I used. It doesn't cost much to start using a bitcoin payment options and people really should

bitsurfer2014

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I believe Bitcoin will further boost its use case dominance by making it as an alternative payment solution which is quite the case

right now! Over time, more merchant adoption of BTC will result to it being accepted as a mainstream instrument that will help

merchants facilitate a seamless payment solution which could increase productivity and efficiency to their respective businesses.

Finestream

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Quote from: Oceat on September 14, 2019, 12:26:31 PM

Quote from: The3max on September 13, 2019, 12:12:11 PM

Used for online payment by major e-commerce platforms worldwide. Besides, the money laundering also affects the value of BTC increase or decrease

I don't think money laundering will have a bigger effect on the price of Bitcoin especially if the money will be converted to fiat. I think what you mean was the whales manipulating the market to make a sudden effect to create a new rally for a bull trap or bull run. What i think is that Bitcoin will get increased usage if there is a lot of adoption of Bitcoin that is going to happen.

When we say of adoption or massive adoption, it means there is an increase of usage not in specific industry only but in different industry.
That is what we like to happen and to make it possible, we need to have a government that is pro crypto so they will be able to do a fair regulation that would benefit majority of the bitcoin users.

The market now is quite not fully regulated yet, there are scams everywhere so the risk is high, when its regulated, we will see more and more people starting to adopt as regulation could increase the confidence of the users, right now, people view bitcoin more as an investment rather than a payment system of a currency, hopefully int he fully it will change to the opposite.

finaleshot2016

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Degen in the Space

I go for investment, those days when they're discovering bitcoin, the actual usage of it was for investment because it has possibilities to grow up. Expertise in the stocks market tried to invest in bitcoin since the potential of bitcoin to reach thousands of dollars was too high.

Bitcoin for investors — what the experts think

Since it has reached $10,000 already and it's another milestone in the bitcoin community, people get more interested by investing more after the bull run in 2017. The alternate payment is just an option recently, they created it to be more essential to investors.

https://www.coindesk.com/900-20000-bitcoins-historic-2017-price-run-revisited

Idk why alternate payment has more votes than investment? I mean, investments are the reason why some platforms and merchandise are accepting bitcoin because of its potential in investment. So I'm wondering if those people who voted alternate payment are really here because they invested or just receiving money from the bounty?

Bugatti73

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We need to talk about bitcoin to our officials and then they will transfer intercontinental tranches using cryptocurrency. I think that the total volume will increase at times after that.

Oceat

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Quote from: The3max on September 13, 2019, 12:12:11 PM

Used for online payment by major e-commerce platforms worldwide. Besides, the money laundering also affects the value of BTC increase or decrease

I don't think money laundering will have a bigger effect on the price of Bitcoin especially if the money will be converted to fiat. I think what you mean was the whales manipulating the market to make a sudden effect to create a new rally for a bull trap or bull run. What i think is that Bitcoin will get increased usage if there is a lot of adoption of Bitcoin that is going to happen.

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