When will people feel comfortable using BTC ? - page 35.

BarbieCasino

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Quote from: Bumblecoin on June 13, 2018, 02:45:54 AM

Quote from: jambola2 on May 31, 2014, 01:09:28 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.

For me, using bitcoin as a replacement of fiat money is good if its value is stable. As long as it is not or cannot be stable then it is good for investments.

i think bitcoin will cannot replace of fait money because bitcoin is a digital currency and used by all over the world. the fait money supply can increase and decease with the value of trade in country and every country used different types and value of money for their identification. and bitcoin supply cannot increase and decrease only price and demand are increase and decrease just like a commodity or product. we only sell bitcoin on exchange our country currency.

squog

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It will always start at the bottom. When more and more stores actually accept them then that is when it will happen. People who have BTC will use it on these stores and people who doesn't will wonder if paying with crypto currencies are better, which it is. I just hope we see it when crypto currency become a stable adoptable currency.

The cure

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I think,people will feel comfortable when they're using their bitcoins freely anywhere,anytime,they can pay anything what they want to buy even at the mall restaurants,fast foods chains and a lot more. We know,that it is really difficult to happen,but who knows,one day,bitcoin will be legalized in many countries.

Bumblecoin

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Quote from: jambola2 on May 31, 2014, 01:09:28 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.

For me, using bitcoin as a replacement of fiat money is good if its value is stable. As long as it is not or cannot be stable then it is good for investments.

Fesatmas

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For me i will feel confortable using bitcoin when the value is stable and mostly famous online store accepting bitcoin as their payment. Bitcoin is one of the most useful currencies later because it is so easy and efficient to use.

cryptojac17

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Quote from: SvonioneFromMangoCoinz on June 13, 2018, 02:05:12 AM

Maybe that day is still far away. The current bitcoin is fighting fiercely with the government. Some whales control the price of bitcoin, and the price of bitcoin is very volatile. If the government controls the bitcoin, the new bitcoin can become a legal currency and be used by everyone like cash.

At think very moment bitcoin is still fighting in term of legal and government aspects, aside from that it is very volatile it is hard to use as a standard currency, although it is very profitable in terms of trading but it would take time effort to become standard currency.

SvonioneFromMangoCoinz

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Maybe that day is still far away. The current bitcoin is fighting fiercely with the government. Some whales control the price of bitcoin, and the price of bitcoin is very volatile. If the government controls the bitcoin, the new bitcoin can become a legal currency and be used by everyone like cash.

PayneCharity

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Everyone will be comfortable using bitcoins when the government accepts and allows bitcoin to be one of the legitimate currencies used to pay for everything on the internet.

perfect999

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Quote from: thehappybtc on September 17, 2014, 03:08:50 PM

We have to wait several years before the average Joe will understand bitcoins.

People feel comfortable with the crypto market and the high demand and value of these coins give witness of its response and importance. We do not feel more comfortable using our fiat money because we pay taxes and bank transactions of huge fee charges and other interest rates. On the other hand Bitcoin and other crypto coins are public friendly due to its functions.

ausbit

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Quote from: iMark on June 10, 2018, 06:14:22 AM

Quote from: Leomarco on June 10, 2018, 04:01:04 AM

I think now people has feel comfortable because now many people have bitcoin. And bitcoin now more populer than before. But i think people using bitcoin will feel more comfortable when the all of country in the world receive bitcoin as currency and legalize bitcoin.

Most bitcoin users are investors so they are not too concerned about at least the stores that receive bitcoin as payment. but for some
other users who use bitcoin for currency they are not too comfortable because of the expensive fee factor and limited place that accepted bitcoin

A good guy with full and perfect market information and good market knowledge can never feel uncomfortable with Bitcoin in their portfolio. This is because a good investor will never sell their portfolio and will never loose money because as long as you do not sell in red market, you never loose money. People need to stay patient and have passion about their investment.

Lady Coquet

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Quote from: jambola2 on May 31, 2014, 01:09:28 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 it will take a long time before people will feel comfortable in using bitcoin because there are still a lot of countries that do not accept bitcoin as a legal currency. But there are already people who feel comfortable in using bitcoin because they start investing and earning huge profit with it.

agentx44

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In my own personal opinion, people will start to feel comfortable with bitcoin if the government in all over the world starts to approve bitcoin as a legal currency because everybody will start to accept bitcoin as payment and everybody all over the world will definitely used bitcoin.

Miracleismyidol

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Quote from: dompsairs on September 17, 2014, 12:17:42 PM

99% that buy bitcoin are not going to spend it because they can spend it with their hard earned fiat.
If you do not get paid with btc, i dont see how people will risk using it.

Well. There are some people who are already feel comfortable in using bitcoin because they are already earning huge profit from it, while some do not feel comfortable from it because bitcoin has low price today and the government in other countries still do not accept bitcoin

parthgajjar

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Quote from: player1001101001 on June 10, 2018, 08:40:09 AM

When the government starts supporting cryptocurrencies then that time people will feel comfortable to make the use of it. Having the support of the government or making this thing legal will make us feel comfortable as well as reliable.

Maybe a better way to get people to be comfortable would be to make wallet security education more of an important topic. Today people simply have to figure it out on their own, but some don't even bother like the person in the above thread. I think your statement is evidence to show that people will be comfortable using bitcoin once they stop believing that bitcoin will rise in value forever

logan16j

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I think that the reason bitcoin is not more widely used is due to the fact that there are not many places to spend it and that there are semi-high barriers to purchase bitcoin. Bitcoin ATMs are solving this problem. An important aspect of bitcoin is that we need only the small number of transactions where the advantages are obvious, in the beginning

gambitcoin53

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most people are not yet ready for crytos, basically, more people do not have access on the internet, since cryptos are digital so it is difficult for them to use bitcoin for everyday use, plus the fact that only few stores are accepting bitcoin as medium of payment, maybe cryptos are not really intended for purchasing on physical stores and establishments. not to mention the bad reputations of bitcoin due to some illegal schemes and people who exploit bitcoin as a scam. few countries are open in cryptocurrency use. some also tagged bitcoin as illegal and not to be invested on. this sums up all the reason why using bitcoin is not for the common person.

patarfweefwee

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Right now, BTC sucks as a currency. It has huge fluctuations and is a very volatile investment. That being said once crypto currencies begin to stabilize and people adopt it. That is when it will shine the most. It will have instantaneous exchanges and transferes and will only need a smartphone for your business.

syaripudin

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everyone would be comfortable using bitcoin of course that is when everyone can accept the existence of bitcoin to serve as a transaction tool. I say that because I do not think everyone can accept the existence of bitcoin because I do not think everyone can fully understand the world of crypto so they will think more about using fiat currencies as in general.

Rosilito

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Wish for the rain? Then deal with the mud too.

Quote from: jambola2 on May 31, 2014, 01:09:28 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.

Well, it is hard to say it on when they will do get comforable using bitcoin or having some deals and/or some stuffs about bitcoin. Especially when they do hate it. Well, as long as they use it may be they could get a long and well with it, and in addition it would be tough for them to get along with bitcoin when they encounter some issue that would make them uncomfortable with it and the worst is that they don't use bitcoin anymore.

jamids

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Quote from: Neraj Evad on June 12, 2018, 08:31:31 PM

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.

Moreover, when the people wouldn't mind that much the equivalent value of it compared to fiat because it already has a stable value. Much like when we buy or sell something and we don't check how much the equivalent value of it in USD or EUR because we are already computing it in terms of satoshis so we are sure that we would have profits and we wouldn't worry about the price fluctuation. Mass adoption would be the key to this one so that people would be comfortable using it.

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