Topic: People are underutilizing Bitcoin - page 5. (Read 2030 times)
not all poeple know about bitcoin. need to spread more and more, and if it people know, how to make them buy this coin? some people will ignore because it just a coin, but people will buy if it can make 'profit'. people will leave if just give what the purpose of creating bitcoin, but they will stay if it give another result.
any currency that wants to pass the test of time needs to have that characteristic and fortunately for us bitcoin does.
Bitcoin does NOT store value, it has zero value beyond what some greater fool will pay for it. Once that psychology ends, you will bitcoin price drop faster than you ever thought possible. The only reason people have bitcoin is because they think the price is going to go to the moon, and that they will get rich 💰💰💰💰
NO one is PRICING anything in bitcoin. Businesses that accept bitcoin do not really accept bitcoin. When you pay with bitcoin, what the business is using is a system that allows you to pay in bitcoin but instantly coverts your payment into US Dollars that they receive for their goods.
The idea that bitcoin would be the future money was FALSE, and you are all about to find out that a lot of other big assumptions you are making are false.
The saying " BLINDED BY GREED" exists for a reason, and the people in this forum are the perfect example of this 🙈🙈🙈🙈
Hard Facts
Yes I got your point but there are so many difference between gold and bitcoin because those who have traditional invested into gold will never invest into bitcoin because they are used to the stability and gold's value increase very slow and there are no sudden dump and they are used to it. On the other hand we have people like yourself and me who will prefer bitcoin over gold due to it's advantages over gold good return on investment if we are up to date and make the right move.
any currency that wants to pass the test of time needs to have that characteristic and fortunately for us bitcoin does.
Bitcoin does NOT store value, it has zero value beyond what some greater fool will pay for it. Once that psychology ends, you will bitcoin price drop faster than you ever thought possible. The only reason people have bitcoin is because they think the price is going to go to the moon, and that they will get rich 💰💰💰💰
NO one is PRICING anything in bitcoin. Businesses that accept bitcoin do not really accept bitcoin. When you pay with bitcoin, what the business is using is a system that allows you to pay in bitcoin but instantly coverts your payment into US Dollars that they receive for their goods.
The idea that bitcoin would be the future money was FALSE, and you are all about to find out that a lot of other big assumptions you are making are false.
The saying " BLINDED BY GREED" exists for a reason, and the people in this forum are the perfect example of this 🙈🙈🙈🙈
Hard Facts
Yes, I agree. Basically, bitcoin can be used as an investment tool and commodity trading. Depending on the passion of each user. Not that those who choose to hold bitcoin cannot take maximum advantage over those who choose to trade or vice versa, but each has a strategy, advantages, and disadvantages.
There is another major advantage with bitcoin rather than seeing it just as an investment tool and for commodity trading, it is a currency first and foremost and it is the best form of payment if you want to send huge amounts globally and that is the potential of bitcoin and if people are aware of this property of bitcoin then traders globally will shift to this platform rather than entrusting the banks for sending huge amounts as they can save a lot of money with bitcoin.I think really that bitcoin has not really been utilized as people are only seeing bitcoin as payment system. They only think of it as what they are gaining, they just invest to expect gains but I believe that after the halving of 2020, will are going to see more of bitcoin value.
Yes, I agree. Basically, bitcoin can be used as an investment tool and commodity trading. Depending on the passion of each user. Not that those who choose to hold bitcoin cannot take maximum advantage over those who choose to trade or vice versa, but each has a strategy, advantages, and disadvantages.
There is another major advantage with bitcoin rather than seeing it just as an investment tool and for commodity trading, it is a currency first and foremost and it is the best form of payment if you want to send huge amounts globally and that is the potential of bitcoin and if people are aware of this property of bitcoin then traders globally will shift to this platform rather than entrusting the banks for sending huge amounts as they can save a lot of money with bitcoin. 
In my opinion, people hoard until they don't. so a higher price turns some of those hoarders into sellers or spenders. however, it doesn't follow that hoarding bitcoins will make them worthless. If everybody stopped selling immediately and hoarded their coins, the price would go through the roof which arguably has a much greater impact on encouraging merchants and individuals to accept Bitcoin. wouldn't you agree?
Yes, I agree. Basically, bitcoin can be used as an investment tool and commodity trading. Depending on the passion of each user. Not that those who choose to hold bitcoin cannot take maximum advantage over those who choose to trade or vice versa, but each has a strategy, advantages, and disadvantages. 
not everyone can conclude like that, maybe there are some people who are indeed looking for money, so it's natural if he does not save it and immediately sell it .. !!
any currency that wants to pass the test of time needs to have that characteristic and fortunately for us bitcoin does.
Bitcoin does NOT store value, it has zero value beyond what some greater fool will pay for it. Once that psychology ends, you will bitcoin price drop faster than you ever thought possible. The only reason people have bitcoin is because they think the price is going to go to the moon, and that they will get rich 💰💰💰💰
NO one is PRICING anything in bitcoin. Businesses that accept bitcoin do not really accept bitcoin. When you pay with bitcoin, what the business is using is a system that allows you to pay in bitcoin but instantly coverts your payment into US Dollars that they receive for their goods.
The idea that bitcoin would be the future money was FALSE, and you are all about to find out that a lot of other big assumptions you are making are false.
The saying " BLINDED BY GREED" exists for a reason, and the people in this forum are the perfect example of this 🙈🙈🙈🙈
Hard Facts
from what I read, the solution provided is to make bitcoin for such payments to workers or use directly for products or services so that the use of bitcoin becomes more widespread.
however, until now there have been very many people who use bitcoin as a tool that helps services such as payment of a web manufacturing service on the internet, or other things. even some people have accepted bitcoin as a means of payment for vehicle sales. this needs to be done, but all of that is limited by regulation. I am sure, this will gradually develop.
however, until now there have been very many people who use bitcoin as a tool that helps services such as payment of a web manufacturing service on the internet, or other things. even some people have accepted bitcoin as a means of payment for vehicle sales. this needs to be done, but all of that is limited by regulation. I am sure, this will gradually develop.
Over time perhaps. But those people who hold bitcoin at the moment are not thinking about circulation yet. It's value and it's potential value is what's keeping people from actually using bitcoin for transactions. Holders anticipate the price to go up in time hence they want to keep their bitcoins for that. It may take a while before we see actual circulation of not just bitcoin, but other crypto as well, and them being used for regular transactions like how we use fiat. Probably until the last satoshi is mined, this will be the mindset of most btc holders.
from what I read, the solution provided is to make bitcoin for such payments to workers or use directly for products or services so that the use of bitcoin becomes more widespread.
however, until now there have been very many people who use bitcoin as a tool that helps services such as payment of a web manufacturing service on the internet, or other things. even some people have accepted bitcoin as a means of payment for vehicle sales. this needs to be done, but all of that is limited by regulation. I am sure, this will gradually develop.
however, until now there have been very many people who use bitcoin as a tool that helps services such as payment of a web manufacturing service on the internet, or other things. even some people have accepted bitcoin as a means of payment for vehicle sales. this needs to be done, but all of that is limited by regulation. I am sure, this will gradually develop.
Full article: https://www.forrestvisions.com/blog/people-are-underutilizing-bitcoin
People need to start accepting Bitcoin and keeping it, not converting it.
If you think of Bitcoin as just a virtual placeholder for fiat currency, stable coins will be the future and Bitcoin will slowly fade away.
Thoughts?
The thread title seems to go against the content of the thread because keeping Bitcoin will make it underutilized. I agree with the start accepting Bitcoin, because that will help it circulate, change from one hand to another hand but keeping it will just make it idle in our wallets making it underutilized.People need to start accepting Bitcoin and keeping it, not converting it.
If you think of Bitcoin as just a virtual placeholder for fiat currency, stable coins will be the future and Bitcoin will slowly fade away.
Thoughts?
Full article: https://www.forrestvisions.com/blog/people-are-underutilizing-bitcoin
People need to start accepting Bitcoin and keeping it, not converting it.
If you think of Bitcoin as just a virtual placeholder for fiat currency, stable coins will be the future and Bitcoin will slowly fade away.
Thoughts?
The thread title seems to go against the content of the thread because keeping Bitcoin will make it underutilized. I agree with the start accepting Bitcoin, because that will help it circulate, change from one hand to another hand but keeping it will just make it idle in our wallets making it underutilized.People need to start accepting Bitcoin and keeping it, not converting it.
If you think of Bitcoin as just a virtual placeholder for fiat currency, stable coins will be the future and Bitcoin will slowly fade away.
Thoughts?
Full article: https://www.forrestvisions.com/blog/people-are-underutilizing-bitcoin
People need to start accepting Bitcoin and keeping it, not converting it.
If you think of Bitcoin as just a virtual placeholder for fiat currency, stable coins will be the future and Bitcoin will slowly fade away.
Thoughts?
People need to start accepting Bitcoin and keeping it, not converting it.
If you think of Bitcoin as just a virtual placeholder for fiat currency, stable coins will be the future and Bitcoin will slowly fade away.
Thoughts?
Considering the entire crypto space and the knowledge and understanding level of majority of people in the crypto space, you will understand that Bitcoin is no where considered as under utilized by people. The reason why you may think Bitcoin is under utilized is due to the fact that Bitcoin is not really used in the mainstream financial transactions. But if you are trying to tell people to use Bitcoin in their daily transactions rather than holding unto them then in some way Bitcoin is being under utilized. A lot of people in the bitcoin space see bitcoin as an investment coin rather than a currency for exchange of goods and services. In such case, bitcoin is highly under utilized..
People are not really using Bitcoin as a currency. The reason is its inbuit deflation which will restrict the supply and demand will increase with more people joining it. People consider bitcoin more as an alternative investment which gives huge returns as compared to other traditional investment. Crypto can be good for diversification for people looking to increase their portfolio returns. When fiat an inflating alternative is available, why would people use Bitcoin for day to day transactions. This restrict the utility of Bitcoin as a currency.
The value of a currency is determined through circulation. If a currency does not circulate it does not generate liquidity, if zero liquidity does not mean it will quickly depreciate. If everyone kept Bitcoin without paying them, then Bitcoin would be pointless. Bitcoin is a currency and money should be circulated.
Full article: https://www.forrestvisions.com/blog/people-are-underutilizing-bitcoin
People need to start accepting Bitcoin and keeping it, not converting it.
If you think of Bitcoin as just a virtual placeholder for fiat currency, stable coins will be the future and Bitcoin will slowly fade away.
Thoughts?
In my opinion, people hoard until they don't. so a higher price turns some of those hoarders into sellers or spenders. however, it doesn't follow that hoarding bitcoins will make them worthless. If everybody stopped selling immediately and hoarded their coins, the price would go through the roof which arguably has a much greater impact on encouraging merchants and individuals to accept Bitcoin. wouldn't you agree? People need to start accepting Bitcoin and keeping it, not converting it.
If you think of Bitcoin as just a virtual placeholder for fiat currency, stable coins will be the future and Bitcoin will slowly fade away.
Thoughts?
yes you are right we need to use bitcoin for payment tools not just investment tools. if we use bitcoin for payment, the demand for bitcoin will also increase and the volume of bitcoin trading will always be high.
but if we only use bitcoin for investment and we continue to hold it then bicoin will stagnate and maybe someday it can be beaten stable coins. therefore we must encourage the use of bitcoin as an alternative means of payment.
but if we only use bitcoin for investment and we continue to hold it then bicoin will stagnate and maybe someday it can be beaten stable coins. therefore we must encourage the use of bitcoin as an alternative means of payment.
People need to get more informed about the concept, meaning and usage of Bitcoin and any other cryptocurrency.
Making it more rumorized will get governments attention where it needs the most so it becomes legalized in every country.
Sometimes you won't get it fully operational for your country because there's a lack of information and interest from third parties where the world illegal comes into place.
The fear of the unknown is what makes it underutilizing specially for big companies.
Making it more rumorized will get governments attention where it needs the most so it becomes legalized in every country.
Sometimes you won't get it fully operational for your country because there's a lack of information and interest from third parties where the world illegal comes into place.
The fear of the unknown is what makes it underutilizing specially for big companies.
I think inducing fear will not make the situation better here. What the government and people should see in Bitcoin and other cryptocurrency is the opportunity where these currencies could help them, and not by the negative implications it has to the local banks they have. People need education in crypto for them to become responsible in utilizing it and for them not to use it in frauds. Then government will see how good cryptocurrency and bitcoin is so they will have the urge to support it in their way.
People need to get more informed about the concept, meaning and usage of Bitcoin and any other cryptocurrency.
Making it more rumorized will get governments attention where it needs the most so it becomes legalized in every country.
Sometimes you won't get it fully operational for your country because there's a lack of information and interest from third parties where the world illegal comes into place.
The fear of the unknown is what makes it underutilizing specially for big companies.
Making it more rumorized will get governments attention where it needs the most so it becomes legalized in every country.
Sometimes you won't get it fully operational for your country because there's a lack of information and interest from third parties where the world illegal comes into place.
The fear of the unknown is what makes it underutilizing specially for big companies.
Some countries popularize Bitcoin and crypto such as Japan or Nigeria, but others are not profitable to do so. Many governments are afraid of cryptocurrency, because it is a tool to fight corruption and fiat money. This is why adoption and popularization are moving so slowly.
People need to get more informed about the concept, meaning and usage of Bitcoin and any other cryptocurrency.
Making it more rumorized will get governments attention where it needs the most so it becomes legalized in every country.
Sometimes you won't get it fully operational for your country because there's a lack of information and interest from third parties where the world illegal comes into place.
The fear of the unknown is what makes it underutilizing specially for big companies.
Making it more rumorized will get governments attention where it needs the most so it becomes legalized in every country.
Sometimes you won't get it fully operational for your country because there's a lack of information and interest from third parties where the world illegal comes into place.
The fear of the unknown is what makes it underutilizing specially for big companies.
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