When will people feel comfortable using BTC ? - page 13.

tonyvo2017

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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 think people will use Bitcoin more comfortably when it's more stable. Here I would like to mention the price fluctuation of Bitcoin. They will not want the value of their currency at highs and lows that affect their economic activity. Currently Bitcoin is still fluctuating prices quite often and it is not guaranteed for users to use more peace of mind. However, I believe it will soon be properly considered and widely used.

Linhkej

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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.

When Bitcoin is approved by the government, people will use it freely. No one wants their money to lose value. Bitcoin has not been properly invested to be able to become stable. Bitcoin has a lot of good features, but because of the security of information, it also has a lot of worries about criminal activity.

jorgelugra

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I think that people will feel comfortable using btc very soon because it is difficult not to see the obvious advantages of this currency. to my mind, it is better to use btc and ether than any other coin

gorodi

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Quote from: Aris novianto on August 15, 2018, 09:42:35 PM

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.

I suppose that people will be very comfortable with BTC when Bitcoin can become extremely popular. If they understand that the crypto operations are safe and fast, they will love it.

Acsirp

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The people feel comfortable using bitcoin ,when the time comes ,that cryptocurrency is accepted worldwide, and anywhete you go there are establishment that really accept payments and transactions of cryptocurrency, and that bitcoin is accepted at any part of the world that recognized bitcoin and other cryptocurrency.

syamster

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Quote from: Zemomtum on August 14, 2018, 10:47:08 AM

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.

Aris novianto

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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.

Hazaki

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People will feel comfortable using bitcoin when whenever they are paying something they'll have both options of paying in fiat or in cryptos .
People will consider using it when things they always such as groceries , clothes or even cars and houses have price tags with both fiat and bitcoin .
The whole world will be invested in cryptos when every market and every company will adopt it as a payment method and when people won't fear using it anymore ..
But before all of this , people should have essential needs such as food , water and medicines .. and then we'll talk about people having internet in order to be comfortable using bitcoin ..

Liz D

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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.

TheAndy500

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Quote from: korean1999 on August 15, 2018, 09:24:46 AM

the people who have used bitcoin as a currency, not for investments are the people who don't want anyone to keep track on their money and transactions. And most of them are terrorists who want to buy weapons or dirty highly ranked officer in the government who use it as the money laundering.

I think saying most of them is too big, there are more and more possibilities made by companies for people who are looking forward to use crypto as their main way of payments, in some years for me that way could change economy forever.

snewkadel

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People who have BTC will use it on these stores and people who doesn't will wonder if paying with crypto currencies are better, which it is. I just hope we see it when crypto currency become a stable adoptable currency.

laravuemaster

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Quote from: CPetersson on August 15, 2018, 01:24:43 PM

When people will talk more about cryptocurrencies, blockchain etc. Because a few procent of population only know about crypto, that is actually bad, because we need to grow up and probably change fiat

The community for cryptocurrency will grow even more in the future because there are a lot of people today who are interested on cryptocurrency and it makes bitcoins become very popular.

Samohunk

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Well, in my opinion, people will feel comfortable using a bitcoin, when they could use it everything, or at least in nessesery stores for basic things (like food, clothes). It would be good. Just keep up the good work my friend, good luck.

CPetersson

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When people will talk more about cryptocurrencies, blockchain etc. Because a few procent of population only know about crypto, that is actually bad, because we need to grow up and probably change fiat

kukurikapu

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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 think that the best word you are looking for is "perfect". Everyone will surely be amazed and comfortable using bitcoin if it does not have any flaws or its service is on top. But still, bitcoin is not perfect so thinking of having a constant price hike and the security is topnotch, it will make people comfortable.

peter_coin

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Bitcoin and cryptocurrency are revolutionary and amazing inventions of our time , but as most ventures that have to do you money and transactions fraud is always attached, Bitcoin isn't very legal and not fraudulent but what is affecting the growth of the cryptocurrency market in general is the scam projects that spring forth from altcoins and this affects the market badly and until some strong regulations can be set up in the cryptocurrency sphere it may be a bit difficult for individuals to entirely trust the system.

Barcode_

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Quote from: Bakery cream15 on August 15, 2018, 10:58:20 AM

Peoples will feel comfortable in using bitcoin, when btc btc became universal acceptable, and legally accepted by government authority of every countries.

I don't think bitcoin users would need to wait for their government to start legalizing bitcoin before they start to feel much more comfortable to use bitcoin to purchase goods and services either online or offline, I believe as time goes by, there will be more and more people who will start to use bitcoin as a payment method due to the convenience of setting up a bitcoin wallet and it also allows people to save more money on transaction cost even when they are sending money to people who are far away from their native country.

Bakery cream15

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Peoples will feel comfortable in using bitcoin, when btc btc became universal acceptable, and legally accepted by government authority of every countries.

21BTC100ETH

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I believe peoples confidence to use BTC will depend mainly on government acceptance in the concerned countries.

shainasaz

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People will be feel comfortable in using bitcoin if they already know and used it that's why they felt it because they don't know how to use it. But if the day comes that they will know how to used it then that is the time that they will feel comfortable for what they doing. Just need times so we didn't stop convincing them no matter what.

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