Topic: When will people feel comfortable using BTC ? - page 31. (Read 12232 times)
I think it will take time for the people to get comfortable using bitcoin since this is something new and when you talk about its deep core mostly people don’t understand it but I think this is something we dont need to worry. Adjustments is always there whenever something new is introduced so lets just take our time.. Slowly but Surely.
Feeling comfortable when using BTC is hard, because the price always fluctuates so people didn't know if they will make a profit or not in the next days. I am sure that everyone of us wants that bitcoin value increase all the days to make a good profit later, few of the people they want that bitcoin price will decrease a lot to be able to buy bitcoin with cheap price and make a good investment, There are a lot of different opinions of people and it's hard to be always comfortable when we talk about the crypto field.
I don't think that point will come anytime soon. The majority of public will consider it as an investment, so I don't think we will reach that point where they will spend it in their everyday life.
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.
you are right, the cryptocurrency are more an investment tool. Regarding your question people was happy when in the last winter, almost after a warm night they earned 10 000 $ doing nothing. 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 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.
People will be only feeling comfortable about bitcoins if most of the government on the countries are going to legalize cryptocurrency, in this way the people will be comfortable about investing on cryptocurrency.
I think this can probably go in the main forum IMO.
I think the price fluctuations either way could be a big problem. Why would you spend money today when it could be worth a lot more tomorrow, and why would you spend money today if it's worth less than it was yesterday?
This is an important issues to note. Price fluctuations will surely make it difficult to use Bitcoin in our daily lives. It will be like that economy that is very unstable and has low value which causes prices to constantly decrease and increase in matter of seconds. I think for BTC to be used in our daily lives it has to gain more stability. I think the price fluctuations either way could be a big problem. Why would you spend money today when it could be worth a lot more tomorrow, and why would you spend money today if it's worth less than it was yesterday?
In my opinion, people will feel comfortable using a bitcoin, when they could use it everything, or at least in nessesery stores for basic things (like food, clothes). It would be good.
Or if the price of bitcoin will be stable. Because of volatility I am scared to use my bitcoin because everytime that I want to use it I always end up thinking that what if the price increase? Well volatility is part of bitcoin and for me it's good.
I think it can be happen when the world's people will know about bitcoin and it's usages. And they will get technological facilities then they will be able to using BTC.
When the value and when we use bitcoin are acknowledged and when the need for bitcoin is acceptable then bitcon users will be more comfortable using bitcoin and when many services accept payment bitcoin
Well people always complain. We could not please all the people around us even the best of our friends will somehow will definitely had another ideals and as we all know that as human as we are unique. So people will not feel comforable using BTC especially of its techincalities then it is a problem. however, to those people who are knowledgeable in cryptocurrency but still complain because market price going down and we could do nothing about it except is to wait.
many people would be comfortable using bitcoin if many countries legalize bitcoin, for now most people only use bitcoin as an investment because the development of bitcoin is very fast, I just save bitcoin and do not use bitcoin for shopping, because in my country bitcoin still illegal
People will be comfortable in using Bitcoin when people will use it legally, and when countries will accept it and most of all when many establishments will use bitcoin as Mode of Payment.
In my opinion, people will feel comfortable using a bitcoin, when they could use it everything, or at least in nessesery stores for basic things (like food, clothes). It would be good.
Or if the price of bitcoin will be stable. Because of volatility I am scared to use my bitcoin because everytime that I want to use it I always end up thinking that what if the price increase? Well volatility is part of bitcoin and for me it's good.
Everybody will be agreeable if they take right choices when goes ahead the exchanging and if their arrangement is in the correct circumstances, they additionally all around happy with satisfaction. We can fell most agreeable when all the country permits the bitcoin everywhere throughout the world. Starting at now, just rare of people who know how to value the digital currency and some nation don't perceive the bitcoin.
people will feel safe using bitcoin when bitcoin prices continue to rise and the rest of the world allows using bitcoin to shop for all the necessities of life, maybe with it everyone will feel safe using bitcoin ..
Indeed, I guess it will be more comfortable for them if bitcoin price will goes up because it is alarming to invest on Bitcoin if we will see it in current situation. Though we know it is just temporary still we cannot tell to other to not be afraid. We cannot fully change the mind of individual hence, we shouln't imitate them but rather do the things that you think is right.
In my opinion, people will feel comfortable using a bitcoin, when they could use it everything, or at least in nessesery stores for basic things (like food, clothes). It would be good.
I believe the answer to your question would be when the big supermarkets accept some form of btc for their goods.
With all the negative news circulating about bitcoin it will always be a hindrance to every users. But if we have to dig deeper in bitcoin and look into its benefits users will comfortably use it.
I believe the answer to your question would be when the big supermarkets accept some form of btc for their goods.
In my opinion, people will feel comfortable using BTC if they have enough knowledge on how to use it as currency, an asset and an investment, experience the benefits given by BTC and if it is fully accepted worldwide.
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.
Its true it is better to use in investing in company unless in fiat you also need to buy crypto like eth or btc, it depend on company if they accepting fiat. So fore bitcoin is better to use in any transaction including investing.
people will feel safe using bitcoin when bitcoin prices continue to rise and the rest of the world allows using bitcoin to shop for all the necessities of life, maybe with it everyone will feel safe using bitcoin ..
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