When will people feel comfortable using BTC ? - page 21.

rasp

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Quote from: jambola2 on May 31, 2014, 02:09:28 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 will percieve bitcoin as a means of payment when I am able to buy a cup of coffee using btc in every small coffee-shop.
Though yeah, I don't wanna be like that guy who bought pizza for 10k btc..

evergreendog

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The younger people I know have no problem spending and using BTC. The older generation doesn't really understand the potential and how to use bitcoin safely.

LianaSie

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That is just right, now we are still calculating prices in usd, or whatever our national currency is.

7Dyoknga5

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dApps Development Automation Platform

It depends on the accessibility of bitcoin use.

Fiat money is still accepted as standard currency as less stores or business establishment are accepting it as of today.

Another concern is the transaction fees. Let say you bought 200usd worth of BTC's, you can only spend 195usd as you have to consider transactions fees.

Inikoo

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We see the volatility becoming smaller from time to time. But still it needs to be much more stable to be able to use it comfortable, as a way of payment.

jayhawk1

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Quote from: maculeth on July 24, 2018, 07:48:30 AM

when some shop receives payments with bitcoin, and lower fees than other online payment tools, then everyone will be very comfortable using bitcoin as a payment.

People will only feel comfortable in using the crypto currencies especially bitcoin at time when the acceptance rate of the bitcoin in the international market and at different shopping malls and places like that of restaurants, showrooms etc. will start accepting these crypto currencies and that people will find it more convenient to spend their crypto currencies than that of regular currencies.

darewaller

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Quote from: jambola2 on May 31, 2014, 02:09:28 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 your questions should be when will people learn to understand what Bitcoin really all about. Some of you don’t understand Bitcoin ,like seriously. Don’t you know that Bitcoin isn’t meant for a normal usage just like you do with fiat.

It was made as a way to help people be in complete control of their money instead of the government controlling it. And it is volatile, the price will always be going up and down, that’s another thing about. So people will continue to see Bitcoin as an investment and not as a currency.

itsik78

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I think this can happen only when all (or at least many) countries will accept it. Following the example of Australia.

DPrillio

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Quote from: yurekaa on July 27, 2018, 10:05:49 AM

when bitcoin is legalized by all countries and everyone accepts bitcoin as an option for digital transaction tool in trading or all economic activity. so that bitcoin users can be free to perform economic activities and will have a good impact for economic growth.

As of now bitcoin is already a good source of income by some many traders and with that they may find an at ease way of having profit but I do also believe that it will much comfortable and convinient to use by everyone if it is worldwidley accepted as mode of payment for all goods and sevices.

MelissaAnderson11

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Maybe when people own a lot of bitcoin and the price of each bitcoin is moderate, they can either keep it for themselves or sell it at that price it can give them a lot of money, maybe up to millions of dollars.

yurekaa

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when bitcoin is legalized by all countries and everyone accepts bitcoin as an option for digital transaction tool in trading or all economic activity. so that bitcoin users can be free to perform economic activities and will have a good impact for economic growth.

Kertmu

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People who bought bitcoin in 2016 and 2017 and have Bitcoin feel very confident and comfortable, moreover they are confident in the future. Cool

Undermood

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People usually use bitcoin for investment purposes. But there are also people who use money instead of cash. A sign that this bitcoin is a handy money. It's better to use it as an investment instrument. Opportunities are much more because there are too many instantaneous value increases.

ernoo

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It needs to be more stable IMO. Right now the price can easily change 5-10% in a day, and that is a problem.

webmone

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When people know that Bitcoin will be not banned and they can use it free, they will feel comfortable to deal with it. They also need to have more information about BTC.

Jericka D Ranillo

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When all most businesses accept bitcoin like markets, online shop, mode of payment in taxes, and any government payment. These make bitcoin will be abundant in all part of the country's. People might use to have btc as a money. Easy and more technological way of life

seneido

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Once BTC and other cryptocurrency problems are fixed people will start using it. As of right now, the inconvenience outweighs the convenience of it. Prices aren't stable and high fees for using it. The government aren't pushing to adapt to it so it's really hard to use it comfortably. I mean I can't just go to my local supermarket and use BTC to buy stuff.

tuhnupeppu

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As soon as every company starts accepting them. It's hard to feel comfortable when you know that people will not accept your payment method for their services. Also, there are too many issues with BTC at it's current stage. Like others have mentioned, volatility is very high. It's not as stable as money (fiat currency). It's not very convenient right now but I believe it will be. Adding to that, there is no fee for using cash whilst for BTC there is a hefty price to pay to use it.

yndye

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Quote from: ejandjm18 on July 25, 2018, 05:46:25 PM

People will comfortable using BTC when there are lot of countries accept bitcoin. Then, in this way the price of bitcoin may stable and we can use it as a payment instrument.

It would make more comfortable using it as payment option when they see that the price is stable and it is regulated by their government. If it is not regulated yet but still it is not illegal then it would just be alright for them to use it but then there would be others who would rather wait for their government to make it regulated so that they are confident that they can go to the department assigned to cryptocurrencies of there are some problems with it. Nevertheless, if they can see that their family or friends are using it then they will use it too.

tronghai12345

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I don't think the question is feeling comfortable, but when will there be ways to pay with it as easy as paying cash or using credit/debit cards. Plus those do not get charged extra fee for being used. It's hard to switch when the benefits are minimal, at least in our current state. We need more time to evolve and switch over to use cryptocurrencies as our main currency. Just take a seat and wait. This can take a while as I suspect this is going to be a lot of work to accomplish.

Topic: When will people feel comfortable using BTC ? - page 21. (Read 12232 times)