When will people feel comfortable using BTC ?

MetalGear

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Activity: 714

Merit: 250

Quote from: jambola2 on May 31, 2014, 01:09:28 PM

When will people spend BTC as easily as fiat , not seeing it as an investment opportunity but a better currency for them to use ? Most of my friends that I have currently told about Bitcoin are most intrigued by its rapid rate of growth and not its outstanding features as a currency. They don't really care that it is free from government control , but are more focused on the fact that it has risen xy%

I don't really spend much of my Bitcoin , because I am always in fear.
I am not talking about cashing out , but for digital goods.

How do you spend 10 mBTC on a 5$ digital good when you believe that the same 10mBTC is worth atleast 15$ , probably more.
How much of your Bitcoin have you hoarded , and how much have you really spent ?
I am under the impression that people tend to hoard more with BTC than with fiat , considering it an investment more than a currency

I don't know how to make a poll here , so :- http://strawpoll.me/1793917
This is not referring to your blockchain.info statistic , which includes money you have moved around. I am looking at money you have truly spent vs total amount of BTC you have received.

Overall , I'm trying to look at how much my guess is true by the poll and your estimates of when majority of people will start looking at BTC as a currency.

EDIT : I'm not sure this is the right section , tell me if this should go in General Discussion or so.

We are in the modern technology era where everyone is in hype of using different kind of technology people are good to the the things that will make their life easy. If everyone will used it the transaction will be easier. But sad to say the government and banks are off to this kind of idea.

Vritesh

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Many don't use bitcoin because they are not comfortable in using it. People feel uncomfortable because of the government. Government and banks due to their own insecurity do not make bitcoin legal or restrict its use. So due to this people don't feel comfortable in using bitcoin.

Peashooter

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Activity: 868

Merit: 257

Quote from: Denise520 on July 03, 2014, 01:26:24 AM

I think it depends on the person.

Yes it depends on people how to use there bitcoin comfortable and for me I feel comfortable to use my bitcoin when it becomes legalized all over the world cause I know every people want to become successful and I know bitcoin is the answer.

SusanAnn

newbie

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For me, people will feel comfortable using BTC when it is legalized worldwide and used as official currency

bitbunnny

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It takes time for people to adjust. For majority of them.Bitcoin is still something new they don't know much about and what is worse some of them don't know whether is legal or not.
So, at the moment when governments around the world will regulate Bitcoin and people will know they have some legal protection they will start to feel more comfortable using Bitcoin.

bitzizzix

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Activity: 2366

Merit: 448

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When people feel comfortable using bitcoin, in my personal opinion, I would feel comfortable if the government legalized bitcoin and became the second choice as a state currency that could be used as a transaction, purchase and sale or something useful such as real money.
and besides that I hope bitcoin prices are stable at high prices and I can spend bitcoin for other needs and necessities of life, but I don't know when that can happen.

BigBos

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Quote from: Asawakobana2017 on September 22, 2018, 09:45:45 PM

I think people will feel comfortable na d free on using bitcoin when bitcoin is publish as a legal currency, because there are some other people that doesn't really believe on the bitcoin and it is all about trust and patience, some people specially outside the crypto really doesn't believe this things or maybe coin exist.

yes, it can also be one of the main factors why they use bitcoin for transactions, because it's fast, and the fees aren't big. besides, bitcoin can also be an investment tool, so of course this makes bitcoin users more comfortable.

dreico

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I think that such times are unlikely to come all do not please and everyone will talk about what he is unhappy with

Asawakobana2017

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Quote from: DPrillio on September 22, 2018, 08:58:05 PM

Quote from: randyboy on September 22, 2018, 06:45:34 PM

For my knowledge I feel comfortable if bitcoin use to all I wanted to buy like in street food or anything that cost only for cheap price because a lot of people use that kind of transaction maybe all of this was easier and faster, that's why I wanted bitcoin will full legalize and can be use to all.

Bitcoin like any other electronics payment can't be directly use to buy any goods and services on the street but there is solution with that and maybe providing ATM for bitcoin with slow rate of processing time can solve and can make people enjoy the use of bitcoin.

I think people will feel comfortable na d free on using bitcoin when bitcoin is publish as a legal currency, because there are some other people that doesn't really believe on the bitcoin and it is all about trust and patience, some people specially outside the crypto really doesn't believe this things or maybe coin exist.

DPrillio

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Quote from: randyboy on September 22, 2018, 06:45:34 PM

For my knowledge I feel comfortable if bitcoin use to all I wanted to buy like in street food or anything that cost only for cheap price because a lot of people use that kind of transaction maybe all of this was easier and faster, that's why I wanted bitcoin will full legalize and can be use to all.

Bitcoin like any other electronics payment can't be directly use to buy any goods and services on the street but there is solution with that and maybe providing ATM for bitcoin with slow rate of processing time can solve and can make people enjoy the use of bitcoin.

randyboy

member

Activity: 378

Merit: 10

For my knowledge I feel comfortable if bitcoin use to all I wanted to buy like in street food or anything that cost only for cheap price because a lot of people use that kind of transaction maybe all of this was easier and faster, that's why I wanted bitcoin will full legalize and can be use to all.

kominfo.id

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maybe there will be many people who accept payment using bitcoin if a lot of bitcoin knows how to use it and how to get profit from bitcoin will definitely receive payments using bitcoin.

acassandre

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One last secret, consider to diversify your investment portfolio. Spread your investment across multiple assets such as piggy bank, stocks, commodities, real estate, bank deposits and so on. Remember, digital currencies are a volatile investment and it’s not recommended for most people to invest their life savings. For example, if you have 5000 USD as your total investment, you might invest a large part of it into stable assets and keep 1–10% of it into cryptocurrencies. As for your crypto portfolio, most people start with just one coins (e.g. a little bit of Bitcoin). But with more experience you might find it compelling to research and invest in other reputable cryptocurrencies as well.

Chooroz

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Quote from: ikealyou on September 17, 2018, 04:58:04 AM

Imagine when people paying for a certain product, and the display price of BTC changes every time he walks into the store. In this case, I think people will not feel comfortable with BTC until the price is stable.

People will be comforable with bitcoin when it is now more trending all over the world, right now i can say that there only few people are comfortable using bitcoin because it is not still known in all countries but when it's already known for sure people will really support it.

jimmyd178

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When need creative applications or solutions that has both the function and beauty of blockchain in an appealing way. mfchain and utrust seems to heading this path. In a matter of time, we should see innovations with cryptocurrency at its core finds its way to the hand of everyday users.

Ronaldcoin2017

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Quote from: robotrobert on September 20, 2018, 04:38:57 AM

Quote from: Best Dreams on September 15, 2018, 05:00:34 AM

Quote from: missyqt29 on September 14, 2018, 08:54:02 AM

Quote from: jambola2 on May 31, 2014, 01:09:28 PM

When will people spend BTC as easily as fiat , not seeing it as an investment opportunity but a better currency for them to use ? Most of my friends that I have currently told about Bitcoin are most intrigued by its rapid rate of growth and not its outstanding features as a currency. They don't really care that it is free from government control , but are more focused on the fact that it has risen xy%

I don't really spend much of my Bitcoin , because I am always in fear.
I am not talking about cashing out , but for digital goods.

How do you spend 10 mBTC on a 5$ digital good when you believe that the same 10mBTC is worth atleast 15$ , probably more.
How much of your Bitcoin have you hoarded , and how much have you really spent ?
I am under the impression that people tend to hoard more with BTC than with fiat , considering it an investment more than a currency

I don't know how to make a poll here , so :- http://strawpoll.me/1793917
This is not referring to your blockchain.info statistic , which includes money you have moved around. I am looking at money you have truly spent vs total amount of BTC you have received.

Overall , I'm trying to look at how much my guess is true by the poll and your estimates of when majority of people will start looking at BTC as a currency.

EDIT : I'm not sure this is the right section , tell me if this should go in General Discussion or so.

I feel comfortable if I earn more money here on bitcoin. Also if the government allow the bitcoin in our country and the government allow the bitcoin to include on the academics on all college school because the bitcoin can help our economy to grow.

It will be great power of bitcoin if our government will allow us to use bitcoin like this, it is now digital age where all of us are in need of such developments, we should invest the more we have and get to use bitcoin for all kind of good that we can buy through bitcoin, in my country people are now living peaceful life because they have got the chance of earning and learning while using bitcoin, it is so easy and reliable to use bitcoin.

Bitcoin is volatile as its price is unstable so we are to connect with market every time in order to get updated with every single news especially the price ups and downs so as to make relevant decisions on time. But we can handle these situations as we have to do something in order to get the huge profit we can get from here. However for this the only solution to make things comfortable for us is possible if the number of participants in the market increases.

People well become comfortable on using bitcoin when it will become legalized by all government or maybe countrys. Bitcoin high volatility is a normal thing and we dont need to be afraid on it because it is really normal and we already experience it may times before. But is we talk about comfort many people will now still not comfortable on using bitcoin the redoubt is always there.

robotrobert

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Activity: 406

Merit: 101

Quote from: Best Dreams on September 15, 2018, 05:00:34 AM

Quote from: missyqt29 on September 14, 2018, 08:54:02 AM

Quote from: jambola2 on May 31, 2014, 01:09:28 PM

When will people spend BTC as easily as fiat , not seeing it as an investment opportunity but a better currency for them to use ? Most of my friends that I have currently told about Bitcoin are most intrigued by its rapid rate of growth and not its outstanding features as a currency. They don't really care that it is free from government control , but are more focused on the fact that it has risen xy%

I don't really spend much of my Bitcoin , because I am always in fear.
I am not talking about cashing out , but for digital goods.

How do you spend 10 mBTC on a 5$ digital good when you believe that the same 10mBTC is worth atleast 15$ , probably more.
How much of your Bitcoin have you hoarded , and how much have you really spent ?
I am under the impression that people tend to hoard more with BTC than with fiat , considering it an investment more than a currency

I don't know how to make a poll here , so :- http://strawpoll.me/1793917
This is not referring to your blockchain.info statistic , which includes money you have moved around. I am looking at money you have truly spent vs total amount of BTC you have received.

Overall , I'm trying to look at how much my guess is true by the poll and your estimates of when majority of people will start looking at BTC as a currency.

EDIT : I'm not sure this is the right section , tell me if this should go in General Discussion or so.

I feel comfortable if I earn more money here on bitcoin. Also if the government allow the bitcoin in our country and the government allow the bitcoin to include on the academics on all college school because the bitcoin can help our economy to grow.

It will be great power of bitcoin if our government will allow us to use bitcoin like this, it is now digital age where all of us are in need of such developments, we should invest the more we have and get to use bitcoin for all kind of good that we can buy through bitcoin, in my country people are now living peaceful life because they have got the chance of earning and learning while using bitcoin, it is so easy and reliable to use bitcoin.

Bitcoin is volatile as its price is unstable so we are to connect with market every time in order to get updated with every single news especially the price ups and downs so as to make relevant decisions on time. But we can handle these situations as we have to do something in order to get the huge profit we can get from here. However for this the only solution to make things comfortable for us is possible if the number of participants in the market increases.

sabarr

full member

Activity: 364

Merit: 100

of course people will feel comfortable using bitcoin is when bitcoin can be accepted anywhere and the government also supports the use of bitcoin so bitcoin can be a recognized currency and can be used in all places

raidarksword

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Merit: 16

I spent bitcoin thru cashing out to fiat currency and used it to buy goods because i hold bitcoin for a purpose in using it for needs on daily basis in life. I love to keep bitcoin as much i could but i never knew what really gonna happened in case of emergency, so i have bitcoin to get funds for that kind of unseen incidents.

Ssid

newbie

Activity: 67

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When the price is more stable, when we don't have 10, 15% crash in day that scare people away from crypto world.
I think a lot of people quit bitcoin after Q3 of this year.
People will start feeling comfortable again when the price moves more stably.

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