When will people feel comfortable using BTC ? - page 25.

coinfinger

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Quote from: bitcoinsocial09 on July 04, 2018, 01:40:03 AM

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.

In my own perspective they will feel comfortable using bitcoin if bitcoin will be legal. It is comfortable for those bitcoin users bacause they can freely use the bitcoin without any hesitating what will happen if the other people know that they are in bitcoin. Having legally of of bitcoin is heart whelming because you don’t need to think anything.

In the beginning people were facing with difficulties because there was no strong guidance about it. With the passage of time the market became more popular due to its promotions and awareness causes due to events. Now at this stage of market people are comfortable as they know that both the market conditions are in benefit so they are not giving importance to its unstable actions but are here for making money.

sana54210

legendary

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Quote from: TurboRyzen on July 03, 2018, 10:33:48 PM

I just don't see it, cash is too easy for regular people, and such drastic change is difficult.

About developing countries I say clearly that there is no difficulty or the cloud of difficulty is very small because they have proper system for the Bitcoin and its users so they are comfortable with it.

On the other hand those who are using from countries where there is no proper system for the Bitcoin are with difficulties so they are not comfortable with it. Furthermore only for the Bitcoin and person with its knowledge will feel comfortable.

waitforme

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BBOD The Best Derivatives Exchange

I have never used Bitcoin for my expenses because at present my country does not have a store and the big supermarket accepts it as a regular form of payment. I'm waiting for a significant change, waiting for a big company to release applications that allow us to use Bitcoin for payments.

GeniusAko

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Activity: 434

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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.

We can only feel comfortable of using bitcoins if the government in our country will legalized it. There are many people who can't use bitcoins because their government banned it. People will only adopt if the bitcoin will be legalized around the globe.

Savemore

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Activity: 952

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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.

There are still people who are afraid to buy and use bitcoin because they thought it was scam. Fake news is one of the reason why many people have wrong information about what is bitcoin.

Ampong2121

newbie

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If people know whats good in bitcoin, if they know how to use and secure their bitcoin they will be comfortable in using it, because all people want a safe investment and safe wallet for their money. And more if bitcoin price is high i know they will be more comfortable in using bitcoin.

spongegar

full member

Activity: 476

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i guess regular people will be comfortable with using BTC and any other crypto currency when first the government accepts them. they should regulate and protect the future owners of these tokens. next, crypto currencies should be stabilized so that investors would be comfortable with using it in their businesses. lastly, crypto currencies themselves should have more projects so that it could have more uses.

connexus

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Well for me people would feel comfortable using BTC is when the time comes that majority of the people worlwide adopt and uses bitcoin in the daily transaction that would be the time people would be comfortable using bitcoin.

Bosx1ne

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The mass adoption will really happen, the cryptocurrencies are becoming more popular than before. Many businesses are now looking forward to accept and use bitcoins. People in our society wants comfortable transactions and payment system, blockchain technology will solve that problem.

jonatuzc

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Quote from: betMaster on July 03, 2018, 09:39:14 PM

I think that people will feel comfortable using bitcoin when they learn what it is as a first step. Most of them think it's an illegal currency used to fund several criminal activities. Media need to start clearing things up about bitcoin to make people understand. Then it should be integrated as a way of payment of simple things like bills or online shopping. Those two steps will make a huge turn in bitcoin history. Number of users will be a lot more and countries that illegalize it would reconcider their desicions.

Using the Bitcoin we have only few issues after entering into the market because all we need is the knowledge and investment money after which decision making is important.

We will feel comfortable once we have the knowledge of it which will make us able to handle everything in favorable times. The unstable market is from several years and all we need is to get benefit which is investment in the current market.

carcas

newbie

Activity: 154

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Yes I feel everyone is still afraid to invest or buy bitcoin. bitcoin no one can control the rise and fall in prices. very risky and I think 2 possibilities if buying bitcoin is a big profit or your money will be lost forever.

alexandermd

newbie

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btc is the father of all exchange coins which i feel therefore people now days are using btc more and more . btc is also having one of the best security system.

Daday23

newbie

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For me the right time that all people comfortable using bitcoin is when all countries and there goverment accept it as another mode of payment.If there is a news on Tv and in social media that bitcoin is legalized to used.And also the banks also open in crypto currency.But for me i already comportable using it without any guarantee from the goverment.

win365

member

Activity: 176

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I am quite comfortable now already, but I am transfering my BTC in Euro before, lol. I need some 5 minutes, before I will be able to withdraw my BTC to a credit card, and then I can pay in the store.

mejalipat

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I think people will feel comfortable using bitcoin when they have lots of bitcoins and lots of places can accept bitcoin as a payment so they will be easy to use in all places and bitcoin has a price that will keep going up

nur rochid

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Quote from: muratdur on July 05, 2018, 11:55:44 AM

I like as people here are telling that we will do this unless till 2020, so I will answer on that that we will be comfortable using bitcoin on every step that we take in 2020 and not before that

if i would be more comfortable using bitcoin if the government has legalized it. so there will be a guarantee of legal protection from my country. for now btc i just make it to get money

Kambala07

newbie

Activity: 31

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I think now people are comfortable because now many people have bitcoin. I became more comfortable when I discovered how safe and secure it was. Because your bitcoin security depends on you. I think if bitcoin would be legalized to all countries it would make them more comfortable to use it.

muratdur

member

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I like as people here are telling that we will do this unless till 2020, so I will answer on that that we will be comfortable using bitcoin on every step that we take in 2020 and not before that

Dheo

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Quote from: Stavri on July 04, 2018, 07:02:23 AM

it is really very early for that. because transaction speed is very low and fees are so high. maybe they will be better if lightening network goes successful, so we can all feel comfortable spending bitcoins.

For me I can feel comfortable using bitcoin if many countries will accept it, that no one are didn't hate bitcoin and I think it doesn't happen for now because there are many negative thoughts about bitcoin, I hope they will see the good side of bitcoin.

Stavri

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it is really very early for that. because transaction speed is very low and fees are so high. maybe they will be better if lightening network goes successful, so we can all feel comfortable spending bitcoins.

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