Topic: When will people feel comfortable using BTC ? - page 28. (Read 12274 times)

Everyone has the chance to feel comfortable about using Bitcoin and trading Bitcoin if they have the right knowledge and is confident about their knowledge and skills in using and trading Bitcoin. That is why it is good to invest yourself first in studying Bitcoin and how to trade in Bitcoin correctly. Youtube and Google can really help.

As long as bitcoin is as volatile as it is right now, it's largely going to be an investment and treated as am asset. Of course some are already using it for transactions but for mass adoption, you wouldn't have confidence if the price is changing drastically every now and then right?

The people are feeling comfortable using bitcoin, when the banks , the stores , the industries , the different establishment and even the hospitals are accepting and collaborating with bitcoin and other cruptocurrency, the holders of bitcoin may feel comfortable because the outside world recognize bitcoin as payments and other transactions.

 I think if everything would not fall in 3 months, then maybe in the year we will have the possibility to use bitcoin with comforts. Because we have all the things needed for that, the blockchain the applications and all that stuff.

A lot of people here focus on the financial side of things. I'll focus more on lifestyle and personal growth. But finance first.

Short term I'm expecting volatility on BTC, a bigger correction would make sense after 2017 bull run, since Goldman Sachs is trying to buy in to the table, but they won't pay the full market price.. They want to drive it down, that's where the derivatives and futures on CME come for - to shake out the "weak hands" off the market by the "bubble bursting" black PR. So short term - fasten your seatbelts. But in a few months the prices should stabilize and then BTC will grow even more.. At this point I doubt anything can stop it. And as soon as ETF funds based on BTC start to pop up, it will attract a lot of big institutional capital. Everyone sees the FIAT currencies are falling apart, FED is printing too much paper and they declined to Congress to have their gold reserves audited (!).. So there is a strong need to find a solid monetary value retainer. BTC will ultimately suck tons of capital from the gold market. So HODL most, bro. We're still in the very early stages of adoption. As for alts - keep a close eye on IOTA. And get advice from someone with professional experience in managing funds, skilled in technical analysis and fundamental research. Maybe some trader to counsel. At this point you can outsource a percentage of the wealth management to other people, frees up your mind for other things.

As for the rest - first of all, as you're probably one of the earlies, congrats on achieving a few things at the same time: doing a good investment, exiting the rat race and helping in the blockchain/BTC revolt. As you probably realize, the real effect of BTC in a few decades will be putting corrupt banking middle-men out of business.. Decentralized financial system will be a good thing to have. So, thanks man.

Second - at this point, you have no need to work. Most people spend ~1/3 of their life sleeping, ~1/3 working and the last ~1/3 breaks down to daily chores, bits of friends and family life and TV.. You can salvage a lot of this time for something BIG. People here advised start-ups.. The ones which are really successful are the ones which make a solution to a real problem. Find a problem you'd like to solve. Find your itch. It has to bite you, be really your thing.

A lot of rich people get their egos fixated on some vicious loop, living on an autopilot and rarely questioning themselves. One thing that helped me was realizing I'm not the center of the universe, that family is more important than my egocentrism and it's my own responsibility to take care for the people around me. Someone has to. So the practice of being a bigger man became my life. I found my path, my purpose and my zen, as the Dude would call it..

If someone told me a few years ago I'd be doing what I'm doing now, I wouldn't believe, no way. When I was younger, I just wanted to do something which is exciting, useful for the society and pays off really damn well. Life went beyond my wildest expectations. I'll just say that science and AI are really good places to be.

You are right about the fact that no one wants to spend his bitcoins with belief that value will rise in future. This makes it inefficient as a currency.

Yeah right, but people will be more feel comfortable if bitcoin will have fixed value or increasing value as time passes by, but this is really impossible to happen. Maybe a wide and lot of knowledge about crypto will make the people more comfortable.

I think people will feel comfortable using BTC when it will be declared legal by all the countries.Ban of bitcoin even in one country affect the price of bitcoin which led to the major lose of investors.Due to this the value of BTC never remain stable.If government starts supporting bitcoin than only people will feel relaxed and much more confident while investing  in BTC.Legalisation of bitcoin will increase the comfort level of investors and this will directly affect the market value of BTC.

When people can see that their favorite shops are already accepting bitcoin as payment then they would be comfortable using it. Due to the volatility of the price, merchants cannot just easily use it because they still need to convert it and if they decide to immediately convert it to fiat upon acceptance then they would pay for the platform and their profit would be reduced so it is not ideal yet until such time when there is no need for conversion anymore because bitcoin would be one of the legal tender of payment.


If the government would decide to support cryptocurrency then merchants would be comfortable using it. Maybe to encourage the usage of cryptocurrency they would give an incentive or tax breaks to anyone who use it then. This may take a while to happen because there are still some disputes as to the legality of bitcoin but when there is already mass adoption then it would eventually happen.

right, the current decline is influenced by the government's statement to combat cryptocurrency, and if the government already has a policy on it, i think many people are using it

In my opinion here two things we needed to make bitcoin to be use like a normal currency as Fiat .
First thing is the clear descion of the fair use policy by the government of the countries , here even in the present time lots of countries are still available where governments have no clear rules to use bitcoin like things , at one side they want tax for the earnings in the cryptocurrency and at another sides they are making rules that are against the  use of the bitcoin .
Second factor that is big is here is fee system , no doubt that few wallets ( segwit wallet ) are available which are helpful for small fee transaction but here we need a algorithm of the bitcoin where fee should be very small like segwit wallet , or any third party we needed that can directly make change of the data from one account to another without need of the fees .
Thus by the improvement of these two factors we can make bitcoin like a normal currency to use like fiat .

People are still doubt due to bitcoin isn't accepted by any means of transactions local or online and also un-declared legalities of this coin in some country . If these could be change and the government's will give support into crypto definitely establishments owners won't hesitate to accept bitcoin as a mode of payment.

I think this will only happen once most major stores will accept bitcoin and cryptocurrency. The reason why only few are using it is because there's only a few ways to use bitcoin or any cryptocurrency in paying. That is also the reason why people are seeing it just an investment and not as a means to pay same as with cash.

I completely get your drift and I kind of support your idea guy. Nobody can get in feeling comfortable if the FUD spreads widely while the market’s falling. When we’s still here, why don’t we believe in bitcoin as much as we can, and together we support for bitcoin to have a rise again instead of getting panic whether bitcoin will have a rise or not, or else just believe in false news . People tend  to use comfortably if they can get benefit from bitcoin often and can use it easily for paying for services or goods without any tight from their government.

 I would like to pay in the store with my Ledger Nano, just entering my password for example or touching with it some kind of terminal. It would be amazing experience.

I think Not only feel comfortable using bitcoin, they also need to see the advantages. I believe that in the next 5 years the world will develop opportunities to use bitcoin in everyday life. Because bitcoin is very profitable.

In my own personal opinion, people will be feel comfortable in using bitcoin, if the government in every country starts to accept bitcoin as a legal currency because if that happens everybody will become more interested to used bitcoin then they will start to feel comfortable with it.

Many people are now uncomfortable using bitcoin.
Because bitcoin prices rise and fall less good, but for us will remain patient and will not worry that bitcoin prices will return stable in a short time.

In my opinion whenever there would be stable price and people will feel confident that using btc is legal and by doing that they won`t risk to make something illegal than they would feel comfortable.

Я тoжe кyпилa нeмнoгo биткoинoв, кoгдa oн был пo низкoй цeнe. Meня пpивлeкaл eгo быcтpый тeмп pocтa, и я paccмaтpивaлa eгo кaк yдaчнoe влoжeниe cpeдcтв. Haблюдaю зa eгo тo pocтoм, тo пaдeниeм , paдyяcь или oгopчaяcь. Ho тpaтить eгo в ближaйшee вpeмя, нe coбиpaюcь!