Topic: When will people feel comfortable using BTC ? - page 12. (Read 12232 times)
in my opinion, people will feel comfortable with bitcoin when bitcoin can be accepted in all places and easy to use and the price of bitcoin also continues to rise so that it will continue to get profit
People are bitcoin to use comportable feel when their price increases or decreases bitcoin like them. If we want to buy now, then bitcoin's price is high and we do not like it anymore.
If you see the history of bitcoin there are many times that bitcoin is deeply down and then after a couple of months is going big pump. This time the bitcoin is too much down so its good to invest more and wait again to the moon. About the comfortability bitcoin is a little bit slow in transaction but very useful in many ways like in trading.
It depends on various subjects I think personally . Because a long time already passed but it not safe for invest in every time. However, Once can give your answer such a way, when the big supermarkets accept some form of btc for their goods. On the other hand there is a problem about wallet, when there is a solution for a wallet that easy to use/maintain and hard to steal from. I think people then feel comfort with Bitcoin.
In my opinion, people will be comfortable with Bitcoin, if Bitcoin has become a valid digital currency or used in this world, and I'm sure at that time the price of Bitcoin will be very high.
It is an incredibly difficult question, but I think that it is ok to say that people already feel pretty comfortable using it, and so says the statistics of BTC transactions, crypto transactions as well.
Well people feel comfortable when Bitcoin become mode of payments in every establishments around the world. When its function is like fiat money.
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 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 cannot tell because we can just predict and my prediction is 5 years just wait up until that 5 year because as we can see people are hetting started to learn bitcoins and mist of them are loving it so that means we just need to wait for a few more years and the people will get comfortable with that. I Allotted 5 years to be sure
Because of the long confirmation time and transaction fee of BTC I doubt if it will gain that adoption of using it as payment, BTC itself is rather a store of value and other alts that complement BTC can be used for payment.
Indeed, in past few weeks many bitcoin user complaining about long confirmation transaction. Its take more than 7 hours my transaction complete. I am believe bitcoin will be store of value and long term investment rather than currency. I am more comfort using bitcoin if bitcoin regulated by government
The delayed transactions of using bitcoin Is one of the major problem and I believed the development team of bitcoin already worked for It to fix as much as possible. To make those costumer well satisfied to use bitcoin for online transaction in blockchain.
We crypto marketers are eager to trade the coin we have at all times and we all hope that bitcoin will be accepted at trading places and when Those who use bitcon or altcoin will be comfortable with the transaction
comfortable people use btc when btc prices improve, now btc prices go down, if we invest btc now it will definitely lose, wait for the btc price to rise, we will definitely be comfortable with btc prices.
It's not just about the price that plays a major factor of how it will be comfortably utilized by people. Think about those newcomers and are just planning yet to join the party. Are they really have the idea how to use bitcoin as to how to trade it, use it to buy online goods, or even cashing them out for money? The ease of use of bitcoin is what i think will be the best idea to make this topic realizable, IMO.
Because of the long confirmation time and transaction fee of BTC I doubt if it will gain that adoption of using it as payment, BTC itself is rather a store of value and other alts that complement BTC can be used for payment.
Indeed, in past few weeks many bitcoin user complaining about long confirmation transaction. Its take more than 7 hours my transaction complete. I am believe bitcoin will be store of value and long term investment rather than currency. I am more comfort using bitcoin if bitcoin regulated by government
It is just a matter of time, Bitcoin will hit the mainstream as it gradually finds its way through despite the numerous moves and regulations intended to halt its progress. Bitcoin is created in favour of the people and as the people get to understand the actual concept and benefits of Bitcoin, they will embrace it and start investing in it.
i think people will feel comfortable to use bitcoin as time goes by. When society starts to use bitcoin in there everyday life to buy everyday things, then bitcoin will become a normal commodity that people exchange on a daily basis. Of course this will take time and the performance of bitcoin on the whole will also determine when people will feel comfortable to use bitcoin. Once financial institutions start using in their business transactions then slowly but surely society will also start using it.
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 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.
BTC adoption rate is already growing astronomically. Soon it won't matter what you want to purchase using BTC. It'll still maintain the status quo. And for the record, I don't think it can be spent as fiat, they both have different intrinsic values.
soon it will happen, now the TM bitcoin machine has spread all over the world and also many have been paying payments with bitcoin.
In my opinion there is no way everyone will use bitcoin until FIAT exists and it's a virtual currency so maybe only people from 18 to 65 will feel comfortable using it and older people can't switch we need a new generation for this.
When Bitcoin will make a big step to the market, because more markets will receive bitcoin as soon as possible This will be accepted by the world. But it will not replace FIAT in the near future, at least for another 20-30 years.
of course fiats wont be replaced by cryptos because fiats or local money is only the main stream currency while these other payment methods like cryptos , are only an alternative in order to be used on some other services . there is still a posibility that every people or every country will recognize and use cryptos even if fiats are still existed but that will surely takes some time to happen because many people said that cryptos are still on its infant stage , which means it has still a lot of devlopments before it can become perfect .
soon it will happen, now the TM bitcoin machine has spread all over the world and also many have been paying payments with bitcoin.
In my opinion there is no way everyone will use bitcoin until FIAT exists and it's a virtual currency so maybe only people from 18 to 65 will feel comfortable using it and older people can't switch we need a new generation for this.
When Bitcoin will make a big step to the market, because more markets will receive bitcoin as soon as possible This will be accepted by the world. But it will not replace FIAT in the near future, at least for another 20-30 years.
people will feel comfortable using BTC, if the government has set BTC to be legal and of course people will not be disturbed by the BTC ban.
I will feel comfortable when bitcoin can be recognized and accepted as a currency, so it is easy to use bitcoin as a payment, I will easily buy items that I like with bitcoin.
People will feel comfortable on using Bitcoin once they have a proper knowledge about it, most of the people who hates Bitcoin are people who's judging it without trying it, I guess if it's demonstrated clearly they'll invest invest too, I can say that they'll really panic if they just invested without knowledge and experience a miserable loss. The only thing that will make people comfortable is by educating them how Bitcoin really works.
Having a fix and stable price is not a good thing because it always change the price, when people start buying coin so it makes the price high and when they sell so the price get low, but I think when the price of bitcoin will be high I am sure people will feel so happy with using bitcoin, now in several areas bitcoin has become legal and users are happy, satisfied with the situation, so no worries good time is on the way to come.Jump to: