Very strange most people like to buy with bitcoin , but using altcoins very few - page 7.

Latviand

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Quote from: Shinpako09 on June 18, 2020, 12:54:46 AM

It's not actually strange since we all know btc is the father of all cryptocurrency and remain on top simply because of the trust that btc gained this past few years and in the near future. Also the value of btc is quite high. You can buy more with 1btc compared to alts. So it's obvious, many will pick btc to use and most crypto currency user became familiar with btc first before altcoin.

All of us are bitcoin users from the start because it is the first cryptocurrency that existed. After so many years, altcoins are now included in the market but not that popular enough to surpass the value of bitcoin. Maybe if we use cryptocurrency in our investments and it can give a lot of profit, for sure these altcoins can bring profits also.

If you can invest on both bitcoin and altcoin, then that's a good decision. Bitcoin is volatile that sometimes its price is not moving in the market so you need to make another way to have another source of profit, and that's the opportunity for you to use potential altcoins. It will give you side profits although it is not that huge compared to the value of bitcoin but still it is a progress.

Maybe, they prioritize bitcoin so much that they don't see the importance of altcoins in the market.

maxdin

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Quote from: NavI_027 on June 17, 2020, 07:41:27 PM

Quote from: spy100 on June 17, 2020, 02:05:30 PM

Very strange thing i noticed: most people like to buy with bitcoin , but using altcoins very few

No mate, there's nothing strange about it

. Here are the reasons I think of:
1. Many use it over the alts simply because it is the most popular crypto. Most new users knew it first before any alts available.
2. In the eyes of investors/buyers & sellers this is the best option they think of. They are comfortable to use the Rank 1 rather than Rank N coin.
3. Not all of people know that Ethereum got a lower fees, Monero offers more security etc. That's why they use btc.

Imo you're the closest one to the truth in this thread.
Logically people should value usability the most, but they apparently value popularity the most, because this way they feel safer - if millions of people use bitcoin over altcoins, why shouldn't they and its totally natural way of thinking

crwth

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It's quite easy to answer your question because of the availability and acceptance is quite low in terms of altcoins. It's definitely less compared to Bitcoin, which is the crypto that is most often applied and being accepted in many countries. It's not entirely mainstream yet, but it's possible to pay Bitcoin for necessities, and that's the advantage of that. Unless you have a custodial wallet that could act as a payment provider towards the seller and that custodial wallet accepts altcoin, and that's it.

Cryptocurrencies are complicated in a way, for non-tech-savvy people, and it serves as a hindrance to accepting cryptocurrencies, don't forget about altcoins as well, the transactions could even be more complicated.

rodskee

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Quote from: imstillthebest on June 17, 2020, 11:23:13 PM

strange indeed . havent they used altcoins before ? because if they did , they will never look back again .

same thing happen to me before when i havent use an alt for paying . im surprise that using alt for paying are fast and only cost less fees . you cant also say that alts arent popular now because actually many sites already start accepting alts or what maybe those people only have btc's on thier wallets and they find it hard to trade btc to other coins before using it

For business who also into crypto adoptions expect that they will accept other crypto aside from bitcoin, most of us start using
bitcoin and then realize that alts offer much lesser fees and faster transactions.
Not strange, since eventually those who are using bitcoin by now will also see the benefits of alts, and for sure more and more
companies will cater this system.

Time will come for alts to serves its purposes just like bitcoin, adoptions for every real project will be there it's just taking
some time, slowly but progressive.

maxreish

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With thousands of altcoins available in the market, only few is worth to buy and to invest. Thus making them hard to choose which of them is the right coin to be hold. Bitcoin is the first choice of most of the crypto investors. It has a good reputation and has a good returns with established image. If a newbie were to ask about crypto coins, majority of them will only tell bitcoin. Because when it comes to the popularity, bitcoin is leading compare with altcoins.

davis196

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Quote from: spy100 on June 17, 2020, 02:05:30 PM

Very strange thing i noticed: most people like to buy with bitcoin , but using altcoins very few

I think all clients i had from bitcointalk prefer to use bitcoin to buy services / products they needed ...

Not a single client that i had until now used altcoins like ethereum ,litecoin etc or tokens like usdt,usdc ....

Why do you think people don't like to use altcoins to buy things on the internet ?

People in the crypto world don't buy with altcoins because most of the online merchants don't accept altcoins.Another reason is that people stick to what they are familiar with.Most of the people,that joined the cryptocurrency world (like myself) started using Bitcoin in the beginning,so I don't think they are that comfortable using altcoins,even though there's no big difference in fees or convenience between BTC and altcoins..
Using tokens like USDT outside of an cryptocurrency exchange platform seems weird to me.

DoubleEdgeEX

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It´s just for safety and the same as why people prefer buying Blue Chips in opposite to Penny stocks? The established company/coins have a higher success rate and are therefore more commonly accepted and easier to handle. There are over 5000 tokens out there right now and 98% of them are trash, assumed in a positive manner.

Shinpako09

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It's not actually strange since we all know btc is the father of all cryptocurrency and remain on top simply because of the trust that btc gained this past few years and in the near future. Also the value of btc is quite high. You can buy more with 1btc compared to alts. So it's obvious, many will pick btc to use and most crypto currency user became familiar with btc first before altcoin.

imstillthebest

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strange indeed . havent they used altcoins before ? because if they did , they will never look back again .

same thing happen to me before when i havent use an alt for paying . im surprise that using alt for paying are fast and only cost less fees . you cant also say that alts arent popular now because actually many sites already start accepting alts or what maybe those people only have btc's on thier wallets and they find it hard to trade btc to other coins before using it

Lorence.xD

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Quote from: KrisAlex18 on June 17, 2020, 11:16:24 PM

There is no strange about buying bitcoins and using altcoin less because that is what I usually have done many times in my crypto world. There is no strange with that because bitcoin is one of the longest living currency and safest cryptocurrency compared to altcoins. There is no wrong on spending bitcoins, for purchasing some stuff or goods that we need or want. It's pretty normal because they strongly believe in bitcoin.

Do you know what strange is? Thinking that buying bitcoin and spending altcoin less, we are all different and we have different styles of spending and keeping our cryptocurrencies. We also have different beliefs which are aa really normal thing because we have all different perceptions of life.

Maybe the reason that people are using bitcoin for transaction is that most of the services and businesses are only accepting bitcoin, it does not matter though whether they use altcoin or bitcoin because we all have preference, plus the reputation of bitcoin is established for a long time than that of any alt coin.

KrisAlex18

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There is no strange about buying bitcoins and using altcoin less because that is what I usually have done many times in my crypto world. There is no strange with that because bitcoin is one of the longest living currency and safest cryptocurrency compared to altcoins. There is no wrong on spending bitcoins, for purchasing some stuff or goods that we need or want. It's pretty normal because they strongly believe in bitcoin.

Do you know what strange is? Thinking that buying bitcoin and spending altcoin less, we are all different and we have different styles of spending and keeping our cryptocurrencies. We also have different beliefs which are aa really normal thing because we have all different perceptions of life.

AniviaBtc

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Quote from: Mahanton on June 17, 2020, 05:15:48 PM

Simple!
Bitcoin is the main crypto on where majority is trying to accumulate and alts would be just only in next in line thats why you do see that majority do mostly accept bitcoin as a main payment
neither for services or for their goods.

We have different approach when it comes to the use of cryptocurrency. Most of us really prioritize bitcoin above all, and those altcoins are just a sideline or an alternative source of profit. Bitcoin is the first cryptocurrency that was invented and other coins are just an influence of it.

It depends on the people if they find more benefits in using altcoins that bitcoin, we have different experiences and preferences.

Right now, bitcoin is the most known and successful bitcoin that is currently regulating in the market. Also I knew a lot of people who are trusting bitcoin than altcoins that's why majority of cryptocurrency users are a bitcoin holders. Altcoins are good, but the profits in using bitcoin is much larger than that.

Darker45

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Well, Bitcoin is the number one, the only cryptocurrency that is acceptable by all. Bitcoin is the common ground among all cryptocurrencies. Altcoins may be bashing each other, pulling each other down, competing against each other, and so on but if they are really for the advancement of cryptocurrency they will promote Bitcoin alongside their shitcoin.

Any shitcoin trying to claim as the real Bitcoin or the next Bitcoin is the shittiest of all.

But, well, I myself am using altcoins, too. I gamble mostly with ETH. I offered lending services through altcoins as well. I also use XRP and LTC. But all these altcoins are not really competing against Bitcoin to the point of attempting to take the crown away from it.

michellee

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I think that is not strange because people will have their choice to use bitcoin for making transactions. Maybe almost all of your clients like to use bitcoin to pay the services you offer to them, but someday, you will have clients who want to use the altcoin to pay your services. I would call that is the beauty of using cryptocurrency. With so many alternative coins in the cryptocurrency to pay, people will select what coin they like to pay, so it is not a problem.

tippytoes

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Quote from: Wexnident on June 17, 2020, 09:26:11 PM

The strange thing is this post. Why would you even question it? Most of those new at crypto would only try the one at the top, mostly because of the trust it has on the coin. Even those who have already used Crypto for so long still use BTC to buy other stuff. Mostly because most of the e-commerce sites that let you pay in crypto, mainly ask for Bitcoin ( from my experience anyway ). Even if we do say that ETH, Doge and other alts are famous and all, it ain't that much famous to be used in payments. Most of us hold in either USDT/BTC. Why USDT isn't used to pay or any other tokens is there is the existence of digital fiat you know. They have no particular reason to make their lives harder when there's that or BTC payment.

A lot of them are still not familiar with other alt transactions also. And yes, most of these ecommerce sites are only accepting btc, so how would someone use those alts? Also, usage of other alts like doge with lower tx fee is not yet common among those online shops.

Wexnident

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The strange thing is this post. Why would you even question it? Most of those new at crypto would only try the one at the top, mostly because of the trust it has on the coin. Even those who have already used Crypto for so long still use BTC to buy other stuff. Mostly because most of the e-commerce sites that let you pay in crypto, mainly ask for Bitcoin ( from my experience anyway ). Even if we do say that ETH, Doge and other alts are famous and all, it ain't that much famous to be used in payments. Most of us hold in either USDT/BTC. Why USDT isn't used to pay or any other tokens is there is the existence of digital fiat you know. They have no particular reason to make their lives harder when there's that or BTC payment.

Nhor1011

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Quote from: spy100 on June 17, 2020, 02:05:30 PM

Very strange thing i noticed: most people like to buy with bitcoin , but using altcoins very few

I think all clients i had from bitcointalk prefer to use bitcoin to buy services / products they needed ...

Not a single client that i had until now used altcoins like ethereum ,litecoin etc or tokens like usdt,usdc ....

Why do you think people don't like to use altcoins to buy things on the internet ?

Bitcoin is the most secure,reliable and trusted digital currency to be use to buy goods and services. And mostly Bitcoin are accepted in some stores as a mode of payments. Also bitcoin is the most popular digital currency that most people know,although in my country ,you are able to use some altcoins like ethereum, xrp and bch for payment.

cabron

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BTC is the most popular. If I say I'd be paying cryptocurrency to someone who'd do something for me, all those boys out there will already be thinking I'm sending BTC to them. If they realize I'm going to send ETH, they'd be frowning or worse scream scam to my face.

Service providers website somehow accepts ETH and XRP but mostly are just accepting BTC, I don't know if there is a wordpress payment plugin that we can use to accept ETH and other coins but its just BTC that I have been seeing.

NavI_027

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Quote from: spy100 on June 17, 2020, 02:05:30 PM

Very strange thing i noticed: most people like to buy with bitcoin , but using altcoins very few

No mate, there's nothing strange about it

. Here are the reasons I think of:

1. Many use it over the alts simply because it is the most popular crypto. Most new users knew it first before any alts available.
2. In the eyes of investors/buyers & sellers this is the best option they think of. They are comfortable to use the Rank 1 rather than Rank N coin.
3. Not all of people know that Ethereum got a lower fees, Monero offers more security etc. That's why they use btc.

Mahanton

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Quote from: spy100 on June 17, 2020, 02:05:30 PM

Very strange thing i noticed: most people like to buy with bitcoin , but using altcoins very few

I think all clients i had from bitcointalk prefer to use bitcoin to buy services / products they needed ...

Not a single client that i had until now used altcoins like ethereum ,litecoin etc or tokens like usdt,usdc ....

Why do you think people don't like to use altcoins to buy things on the internet ?

Simple!
Bitcoin is the main crypto on where majority is trying to accumulate and alts would be just only in next in line thats why you do see that majority do mostly accept bitcoin as a main payment
neither for services or for their goods.It isnt really that surprising though and yet that thing has always been the norm.There might be some people whom do consider on accepting
alts but most of the time they would always aim out for btc.

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