When will people feel comfortable using BTC ? - page 29.

Muwatti

newbie

Activity: 176

Merit: 0

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.

When almost everyone know it and recognize it. And also if the price of bitcoin will become stable because the major reason why a lots of people keep worrying aboit bitcoin because the price is so volatile and we cant really predict it. It is really hard to work here if it is always fluctuating. And also everyone will not worry if there is a centralized exchange in the market.. That the only thing why people keep worrying about bitcoin.

tesmark07

newbie

Activity: 89

Merit: 0

I think they are feeling comfortable because this is the easiest way to expend even if it's not too much popular to other person.
And they think that using bitcoin is more affordable with security and privacy to those holders and the very important thing is easily to convertion to fiat money.

LigwagGanern

member

Activity: 307

Merit: 10

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.

People will feel comfortable using bitcoin if they earn more money by using it. People wants money, and bitcoin is money you can use it to buy what you needs and wants. People become comfortable using bitcoin if they have another way to earn more bitcoin, because they know that they earn bitcoin or money once and they will earn for another time. It is very comfortable to use bitcoin because you can easily use it, specially if you want to send money from your friend or love ones. It was so very very easy and fast. Bitcoin is legit, earning bitcoin is very comfortable.

popster22

newbie

Activity: 43

Merit: 0

I think people will be comfortable using BTC if the Price of it is stable but I don't think it will happen because crypto are really different from Fiat that's why not all people will use it or will be comfortable to use it.

Chienna

full member

Activity: 256

Merit: 100

Quote from: romneymoney on May 31, 2014, 03:36:04 PM

Quote from: xdigital on May 31, 2014, 03:05:41 PM

When there is a solution for a wallet that easy to use/maintain and hard to steal from.
For now I can not recommend any of my friends to save/use bitcoin, because showing them how to secure a wallet and use them properly is a "mission impossible" for non technical users.

Mycelium is pretty easy to use and safe enough for a hot wallet for non-technical people who use Android. I've had good experiences showing people that. You could assist your friends cold storing their BTC if they want to buy/hodl

I think when they earn big money from bitcoin. And when they feel that they are comfortable to use bitcoin. And i think they are comfortable with bitcoin when they feel that they are safe with any transactions.

Ascredo

member

Activity: 224

Merit: 15

I am already pretty comfortable with it, anywhen I need, I just go and withdraw, even easier, I have a friend, who kust gives me cash, and I am tranfering BTC to him.

jovs

sr. member

Activity: 672

Merit: 250

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.

It is a question of how much bitcoin can offer to the consuming public, it is a matter of how much convenience, control and purchasing power bitcoin will have. People really look for comport and security. If bitcoin will exceed the expectation of the public, and can give multiple advantage in their usual transactions and there will be a growing expansion on establishments that accept bitcoin.Perhaps bitcoin circulation and allocation might be faster and wider. I Just wonder what would be the effect on bitcoin's value, if that happens.

Saiful Islam777

newbie

Activity: 238

Merit: 0

I think people will feel comfortable using Bitcoin immediately when it will become most useful. People are only subjected to a subject when they are used at very high rates.

Clover_Faith

full member

Activity: 237

Merit: 100

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.

Actually its depend to the people who use bitcoin because sometimes some people want more and more eventhough they have all. So so i think people dont comportable using bitcoin.

Mia Wallace

full member

Activity: 361

Merit: 100

Bitcoin is the major crypto currency using world wide for the benefit of the humanity Its features are very attractive to the investors so its popularity is wide spreading world wide.It is volatile in nature so its price is varying day by day. it is beneficial for the shot time investment or the day trading.Bitcoins long term investment more beneficial to the investors world wide.The value of bitcoin increased considerably like the December 2017 the bullish period and like wise more people are attracted to feel more comfortable.during the rise of bitcoin.

KorakPawon

member

Activity: 350

Merit: 11

after there is legality from the government maybe people will feel more comfortable, because so far there are some countries that prohibit the circulation of bitcoin, if I think it's okay problem discussion you post

Escf4

jr. member

Activity: 364

Merit: 3

GIGZI - INDEPENDENT WEALTH MANAGEMENT

The people I think will much comfortable in using bitcoin , if the government agree that this cryptocurrency will be legal in that certain country, and that the different establishment welcome and accept bitcoin, like banks , hospitals , malls and even the transportations and shipping companies , the people are free to use bitcoin ,so they are comfortable for this now a cashless payments and transactions.

Dondon1234

full member

Activity: 194

Merit: 100

Quote from: Nobitcoin on May 31, 2014, 02:21:39 PM

I believe the answer to your question would be when the big supermarkets accept some form of btc for their goods.

Maybe some supermarket and maybe some restaurant accepting bitcoin. In my country we have application that can use to any transaction, and also we call bitcoin wallet, (coins.ph) and you can able to convert bitcoin to php. Thats feel comfortable, and you can pay some bills using that wallet, its very nice.

cheann20

full member

Activity: 344

Merit: 105

For me i feel comfortable when i using bitcoin to pay our bills, like electricity bills, and some of restaurant accepting bitcoin, thats how i feel comfortable in bitcoin, and i feel safe in any transaction.

Camorra Dev

full member

Activity: 294

Merit: 100

I think that we need something like that telegram app, which is up to develop the process of United payment system, when you will be able to pay your services and goods out of telegram app everywhere around the world.

heldertb

full member

Activity: 242

Merit: 100

Blockchain-based Financial Ecosystem

Quote from: umbara ardian on June 25, 2018, 09:36:03 PM

it seems the people are very safe and comfortable using bitcoin when they are able to get the profit and the results obtained from the profits used to make a purchase transaction something or when the price is stable is also very suitable for use as a method of payment.

its a fact when people gets profit in bitcoin as their expectation they will automatically happy,but when we needed profit then people are very safe and comfortable using bitcoin .

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

If they will see that bitcoin is stable and the fee for making bitcoin transactions are not expensive enough for them and that will become the day or time for them that they will feel comfortable using bitcoin and putting their money into it because they know that there will be a benefit of using bitcoin or having bitcoin for themselves.

Erganadine2728

jr. member

Activity: 43

Merit: 2

It may take a long time. Btc should be introduced to the public market of traditional markets for some middle and upper class to know btc can be traded.

umbara ardian

sr. member

Activity: 1358

Merit: 259

PredX - AI-Powered Prediction Market

it seems the people are very safe and comfortable using bitcoin when they are able to get the profit and the results obtained from the profits used to make a purchase transaction something or when the price is stable is also very suitable for use as a method of payment.

Apes

sr. member

Activity: 1316

Merit: 257

As long as bitcoin is still there and it can be used, I will feel comfortable not because of bitcoin due to low bitcoin or rising prices, but bitcoin has helped my needs .. it all depends on who uses it and wisely when bitcoin reaches a cheap price and knows when to sell it with the right price and accurate and requires a strong patience to generate profit ..

Topic: When will people feel comfortable using BTC ? - page 29. (Read 12232 times)