Topic: When will people feel comfortable using BTC ? - page 16. (Read 12232 times)
It may be difficult to replace fiat, but it can coexist with. It all depends on when it will become mainstream. When large companies such as the food chain or supermarket and department stores start accepting bitcoin as an alternative form of payment, people will start using bitcoin.
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
It seems that you are afraid to spend your btc because you bought it at the time when the price was higher, just buy some more at this rate and you wont think of spending it that way. I havent spent much btc since i havenot many options to do that.
To answer your original question, people will feel comfortable when
1) They will be educate don what BTC is and blockhain also.
2) When they have tried to use it.
lets be useful and educate people around us.
People will feel comfortable using bitcoin if it's legal in their country. And there are many stores that provide payment with bitcoin. That's just my opinion. Because if bitcoin is legal in a country, then that person will feel comfortable and peaceful in my opinion
I think they will feel comfortable using bitcoin if bitcoin can be authorized by the state and the use of bitcoin transactions will be easier.
In my opinion, people will be comfortable using Bitcoin when our government would allow us to use it as money. We all know that the Governement is quite threaten by bitcoin because they know its real potential in the market and specially in the market someday.
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.
Exactly, the problem lies with deflationary model of BTC. 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.
Why would people spend something that can buy you more in future instead holding it. By holding they create dearth of supply which leads to more push of the price. Moreover, there isn't much merchant support to BTC which also limits its use in daily transactions.
What are the people are awaiting bitcoin to reach kind of Higher price than it is right now and more stability than it has so maybe people would be comfortable using it in those conditions that they waiting for.
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.
Knowing the fact that bitcoin was already banned for some countries and its name is being destroyed by many nowadays, it would really take up a long time before everyone gets comfortable using it. Maybe if we are just going to keep on supporting it and wait, time may come where we'll all experience the use of bitcoin at its finest wherein it is already used by everyone around the world. 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 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.
People will feel comfortable using bitcoin if cashless society becomes a thing. If many countries are using this system and the society accepts it. It will also be possible if bitcoin is just used for its real purpose, to become a currency and not to use for earning. Another thing is that bitcoin must need to be more stable because it will hurt a lot of users if it is too volatile. 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 it boils down to usability and the fear of losing money due to bitcoin's volatility.
Right now, there really is no point in using bitcoin if you're just a regular individual. You have fiat money and you have been perfectly fine since day one. Why the sudden switch to using bitcoin, right? I think crypto is really useful to people who sends money online. The fees are just a lot less especially when you have to transfer abroad. Other than that, is there really anything else? There isn't much reasons for a regular individual to use bitcoins. If I wasn't making money from the Internet, I probably would have stayed away from bitcoin and have focused in other things instead. We need the merchants to start accepting bitcoins.
The next thing, people are afraid that they are going to buy bitcoins and then wake up the next day that the price have become really low. It's very unlikely for that to happen but it still can happen. To solve this, people should realize what volatility is and how can they be in profit even with the market going down. They have to understand the concept behind it to understand that it's a normal thing to happen.
On the other hand, what's the fuss anyway since we're making money from bitcoin and we don't need non-tech savvy people asking dumb questions here.
Actually it is we who are making the Bitcoin so volatile and it is irrelevant if we are grumbling now because low market conditions are our own deeds. If we stop panic selling in low market then the Bitcoin can not stop in increasing its value. Right now, there really is no point in using bitcoin if you're just a regular individual. You have fiat money and you have been perfectly fine since day one. Why the sudden switch to using bitcoin, right? I think crypto is really useful to people who sends money online. The fees are just a lot less especially when you have to transfer abroad. Other than that, is there really anything else? There isn't much reasons for a regular individual to use bitcoins. If I wasn't making money from the Internet, I probably would have stayed away from bitcoin and have focused in other things instead. We need the merchants to start accepting bitcoins.
The next thing, people are afraid that they are going to buy bitcoins and then wake up the next day that the price have become really low. It's very unlikely for that to happen but it still can happen. To solve this, people should realize what volatility is and how can they be in profit even with the market going down. They have to understand the concept behind it to understand that it's a normal thing to happen.
On the other hand, what's the fuss anyway since we're making money from bitcoin and we don't need non-tech savvy people asking dumb questions here.
As long as the liquidity is decreasing means that participants are decreasing then we will be standing in unfavorable conditions like we are currently in.
I think the time people feel comfortable using BTC or another cypto is when crypto become stable. They can not feel happy when today the price of BTC is 10k $ but in tomorrow its price is 8k $. Crypto is the new and young market and i think it need more time to becom balance and stable to familiar with people
I think most people use bitcoin because of its freedom to pay peer to peer with banking system or being monitored by government agencies or other hidden parties also the blockchain transparency where everything is clear to everyone .
everybody would be happy with utilizing bitcoin obviously that is when everybody can acknowledge the presence of bitcoin to fill in as an exchange apparatus. I say that since I don't figure everybody can acknowledge the presence of bitcoin on the grounds that I don't figure everybody can completely comprehend the universe of crypto so they will contemplate utilizing fiat monetary forms as when all is said in done.
People will feel comfortable using bitcoin when it is legal in any country and have his value in the market a stable one like a local currency that we have in our country just like a USD currency with a stable currency. And the government establishments and company will allow it to use as a currency that we can use as a payment in any transaction that we buy and sell.
When will people spend BTC as easily as fiat , not seeing it as an investment opportunity but a better currency for them to use ? Most of my friends that I have currently told about Bitcoin are most intrigued by its rapid rate of growth and not its outstanding features as a currency. They don't really care that it is free from government control , but are more focused on the fact that it has risen xy%
I don't really spend much of my Bitcoin , because I am always in fear.
I am not talking about cashing out , but for digital goods.
How do you spend 10 mBTC on a 5$ 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.
It is not easy as on two three to use btc as a form of currency like what you expect it to be and to be used by everyone. First is it's not that popular especially to those people who are below average in terms of income. Second is the volatility of btc, markets don't want to accept something that is very volatile and has a probability to lose the profit of their store.
When big companies such as food chains or supermarkets and department stores starts accepting bitcoin as an alternative form of payment, people will then start using bitcoin. It may be hard to replace fiat, but it can co-exist with it. It all depends on when it will go mainstream, really.
we don't actually know, hope as soon as possible 
we all interested in ICO, and I'm looking for good one, seems Kelvin Blockchain doing well, this is upcoming ICO google it, willing to share and also get your feedback 
we all interested in ICO, and I'm looking for good one, seems Kelvin Blockchain doing well, this is upcoming ICO google it, willing to share and also get your feedback
It will never happen.
People never feel comfortable when they use gold.
It is the same with bitcoin.
People never feel comfortable when they use gold.
It is the same with bitcoin.
There needs to be a lot of improvement for that to happen. First thing is that volatility in prices should stop.
If we compare crypto with concepts like cards and all, crypto is still new. This will take time but it will establish itself as a payment system.
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