Topic: When will people feel comfortable using BTC ? - page 18. (Read 12270 times)
People are happy when they invest in bitcoin, when bitcoins are accepted by everyone around them as well as by bitcoin and they can trade bitcoin at any time of the day and be invested in a bitcoin. the valid way
The answer is when btc price does not fluctuate or going down. When bitcoin is accepted and used by many business group and companies.
I will feel comfortable using bitcoin if bitcoin is legalized by the government. And it will be very convenient for bitcoin holders to use it as a payment method that is received in its entirety.
Very soon. Every year more people use bitcoin. People are already getting used to this wonderful coin.
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.
Crypto users will surely trut bitcoin and even altcoins if its price will become stable and it has now dump in the market.. Fluctuations and irregular movement of the price in the market is the reason why people get irritated and dissapoint because it is too hard to execute our own personalize strategy if it is always moving on its own..
i feels people will feel comfortable using bitcoin when the price of bitcoin itself has stability, and I think as long as the price of bitcoin has decreased and even dropped like today people will feel risky using bitcoin for fear that bitcoin they buy has a low exchange rate when compared to when they buy bitcoin, of course this is a loss
There will be a perfect time for that. It will definitely unfold in its proper time. Perhaps its perfect time will be when the volatility will somehow mellow down. Quick rise and fall of prices may be good for Bitcoin and for the community because that means there will be more and more investors, meaning Bitcoin buyers. The community will also be growing fast. But all these will definitely be negative as to its use as a currency. Once the prices will somehow reach a stable stage, Bitcoin will be more and more used as a currency.
People feel comfortable to use bitcoin when it was totaly legal in all country and when we use it in all types of payment.
Also if the price is always stay strong i think people continue to invest in bitcoin and to use it as payment in different transactions.
Yes, it will be very comfortable to use when it is legalized all over the world and totally considering the fact that it is a decentralized digital currency without a central bank or single administrator. It can be comfortable also if bitcoin has no more scam and it will spread to the people its benefit to everyone who invest and how it will help to our economy and to those who are not employed. The more who trust bitcoin, the more it will be good to continue involving BTC. Also if the price is always stay strong i think people continue to invest in bitcoin and to use it as payment in different transactions.
When the supermarkets have the technology to accept bitcoin as a payment. Also, when the government stops banning the use bitcoin. The acceptance rate is little to nothing. And we also need more
bitcoins. We currently do not have enough to make it a common way of payment.
Yes these are too much important factors that you have discussed here. I think that now people have started using bitcoin for online shopping but even in some places shopkeepers are also providing opportunities to people to use bitcoin for shopping in their offline shops. I think that very soon more and more countries will make bitcoin legal and will let their people free to use bitcoin in their daily life. bitcoins. We currently do not have enough to make it a common way of payment.
Everything will fall into place dude. Btc is still brand new for other people and most of them just know its name but does not really know too much about it. When I know bitcoin, I feel comfortable making transactions with it and I know one day people will feel the same way.
yes, besides a very convenient transaction, I also made bitcoin a tool for developing business, and investing for now. it's really comfortable when I get a substantial profit in a certain period of time.
Everything will fall into place dude. Btc is still brand new for other people and most of them just know its name but does not really know too much about it. When I know bitcoin, I feel comfortable making transactions with it and I know one day people will feel the same way.
People feel comfortable to use bitcoin when it was totaly legal in all country and when we use it in all types of payment.
Also if the price is always stay strong i think people continue to invest in bitcoin and to use it as payment in different transactions.
Also if the price is always stay strong i think people continue to invest in bitcoin and to use it as payment in different transactions.
Bitcoin has i less used for its functions nowadays.
It has become an asset rather than currency. Now, how would shops/stores maintain the availability of this kind of payment option if more likely its less used.
It has become an asset rather than currency. Now, how would shops/stores maintain the availability of this kind of payment option if more likely its less used.
I think it's difficult to predict when people are comfortable using bitcoin, I think people are comfortable using bitcoin when every transaction we do can be paid with bitcoin, there is freedom from the government in using bitcoin for everyday needs. But I think now more people lots of bitcoin to be used as assets rather than selling for daily needs. because most of the bitcoin holders have the goal of finding a lot of money / money, so the more bitcoin they have, the more money they have and they will feel comfortable using bitcoin after they exchange in their currency.
Feelling comfortable when they earn money.more bitcoins it means more money. We all know that this kind of leaving . All we wanted is to have a huge amount of money.
I can't say that it will happen soon but if someone have the power to teach people or to try to understand bitcoin to people well I guess that is the turning point of bitcoin. Cause many of the people right now are using bitcoin to scam other people that's why the image of bitcoin getting ugly. We just have to wait for the right moment.
We need to boycott those who use bitcoin to do bad things. Especially those who have made many people bankrupt, broken houses, no place to live. Sadly for those who are ignorant and greedy. You should consider investing wisely so that you do not have to make mistakes.
For now, we can't tell when will people be comfortable using bitcoin as a currency rather than an asset. I believe people are taking advantage of its volatility or its capability to grow rapidly in just a short period of time in a favorable condition wherein they can earn more profits from it for holding it as much as possible instead of using it in an online transaction for paying bills and buying goods or services. In my opinion, this bitcoin thing can be used only as a digital currency if it is being controlled by the government and has a fixed value like our fiat money.
If telegram will complete their promises till the first quarter of 2019 it will define our future of using telegram cryptocurrency and application in order to pay everything around, probably they will have a bitcoin exchanging system.
Many vendors and services that make payment easier with bitcoin or other crypto. Now it's just how users access to buy it.
and maybe storage security that has a guarantee if money is lost or regulated by the government.
and maybe storage security that has a guarantee if money is lost or regulated by the government.
I think when people will be comfortable using Bitcoin is when the price is quite stable and the security is strengthened. if that happens, I think people will start using bitcoin.
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