I believe the answer to your question would be when the big supermarkets accept some form of btc for their goods.
Yeah I agree. If businesses in our locality accepts Bitcoin then people will feel comfortable using Bitcoin. One thing isthat governments has to be openminded about digital currency most especially in Bitcoin because it has a lot more potential compared to fiat money in terms of investment purposes. Investors, enthusiasts and the community has the full control of their own funds if they possess it with themselves so for me I think Bitcoin wins in this struggle. 
Topic: When will people feel comfortable using BTC ? - page 36. (Read 12232 times)
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 when the btc can cash from ATM use as many faits and btc transform as fast as in 1s, then people can feel comfortable using BTC.
It is when Bitcoin is being accepted in big establishments and commodities as mode of payment, when it is circulated like how fiat money is use, thats the time people will be comfortable in using and investing in it.
Thats the hardest part. Does these stablishments and commodities are ready to accept bitcoin? Everyone are looking forward for btc to become more of a currency than just an investment asset, but theres just one thing that are pulling us down in reaching such idea. "Volatility" that alone could paint a thousand reasons why.
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.
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.
If they can't be trusted to look after a Bitcoin wallet then they shouldn't be trusted to do online banking. A blockchain.info wallet is fairly simple and easy to use and is very safe as long as you set up all the security features. I recommend starting with it for newbs.
Maybe your right but i think some people wont trust bitcoin even though it has many good benefits because they lack knowledge about it.
BTC is most convenient when transferring assets. Bitcoin only reflects the unique advantages of cryptocurrency in this regard!
You don't need a bank to manage your finances, BTC's network helps you achieve financial management!
BTC's convenience is most obvious in the financial field!
Though bitcoin is giving so much comfort in making transactions faster people are not used to this method because maybe they are new to crypto currencies and we know hard it could be if you are trying out something new. Another is that not all people are using cryptos or the blockchain technology (to be more general) in making money transactions so most people will still prefer using what they have been using before. Blockchain technology is great and using cryptos for transactions is something we could definitely watch out for in the future, we know how big cryptos can be in the future but as long as there is a big number of people who aren't and who can't used it, all of us will never be comfortable using BTC. You don't need a bank to manage your finances, BTC's network helps you achieve financial management!
BTC's convenience is most obvious in the financial field!
I think I was too far away from being used as a BTC transfer tool. It has become so volatile that it is very likely that both sides will be damaged during the shopping. So it makes more sense to use it as an investment tool.
In my opinion, people know the importance of the technology and they still remember the good time people had cashed back in 2017. So in do not think they will be upset with their investment in Bitcoin because even if the market is down now, it will soon be in good position as it starts moving towards the equilibrium position. As a result people holding Bitcoin right now will earn good. So I do not think it will make them upset but rather happy.
It is when Bitcoin is being accepted in big establishments and commodities as mode of payment, when it is circulated like how fiat money is use, thats the time people will be comfortable in using and investing in it.
bitcoin users will be comfortable if they benefit from using bitcoin they will get more value from bitcoin and as well as bitcoin benefits to the community will be helpful people feel comfortable using BTC
It is possible but if people will first take start to use it. If they will use it then the users of bitcoin will increase with time. In the start it will be a little hard but with time to time the users will increase and you will easily find the users of bitcoin in your area and in the area where you want to do business and then a time will come when everyone will easily use bitcoin with that the price of bitcoin will also increase.
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.
Maybe a few more years will do because these days the bitcoins are slowly being accepted we cannot force them to be accepted immediately it takes time to accept something new. And also there are a lot of rumors that are saying that the bitcoins are scams and a lot of negative things that makes the people doubting if there are gonna join or not. We must clean the name of the bitcoins before it is too late let us educate our friends om what the bitcoins really are and it is up to them if they are gonna join or not.
BTC is most convenient when transferring assets. Bitcoin only reflects the unique advantages of cryptocurrency in this regard!
You don't need a bank to manage your finances, BTC's network helps you achieve financial management!
BTC's convenience is most obvious in the financial field!
You don't need a bank to manage your finances, BTC's network helps you achieve financial management!
BTC's convenience is most obvious in the financial field!
Given the activity and attention of regulators to bitcoin, those crypto-currencies that will make payments more anonymous and protected than today's bitcoin allow will be very popular. These are such crypto-currencies as XMR (Monero), DASH, ZEC (Z-Cash). Perhaps, there is a future for a coin called Verge (XVG), but I would say that it is still at the very beginning of its journey
Yes Verge (XVG) is at beginning but even its beginning is also a boosted beginning. It is partnered with some bigger companies as a payment system for them and the use is already started and the investors also look at this coin as a bigger one in the future. It is because people now are getting involved in these type of coins for their use in the time of regulations. These coins will be the best but bitcoin will still be the king of all the crypto currencies. 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.
Bitcoin is so comfortable to say it around. Cause I think that the best time of cryptocurrency whales. The real reason for those who need to be one of money will rise in the right direction. The best for all your own site. I feel so down the future, but we can do it. Cause I ever since even you have money 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.
bitcoin users will be comfortable if they benefit from using bitcoin they will get more value from bitcoin and as well as bitcoin benefits to the community will be helpful people feel comfortable using BTC
It is possible but if people will first take start to use it. If they will use it then the users of bitcoin will increase with time. In the start it will be a little hard but with time to time the users will increase and you will easily find the users of bitcoin in your area and in the area where you want to do business and then a time will come when everyone will easily use bitcoin with that the price of bitcoin will also increase.
Given the activity and attention of regulators to bitcoin, those crypto-currencies that will make payments more anonymous and protected than today's bitcoin allow will be very popular. These are such crypto-currencies as XMR (Monero), DASH, ZEC (Z-Cash). Perhaps, there is a future for a coin called Verge (XVG), but I would say that it is still at the very beginning of its journey
I believe the answer to your question would be when the big supermarkets accept some form of btc for their goods.
People will feel comfortable about cryptocurrency when they use it casually because some are just scared about losing a huge amount of money so not everyone is trusting bitcoins at all.
yes i agree to that, the knowledge in the market of every investor should be solid enough to deal with its volatility because in this way, the person will make less mistakes whenever the market price is dumping.
I believe the answer to your question would be when the big supermarkets accept some form of btc for their goods.
People will feel comfortable about cryptocurrency when they use it casually because some are just scared about losing a huge amount of money so not everyone is trusting bitcoins at all.
Bitcoin will feel comfortable to use as a currency if bitcoin is not traded again in the crypto market. Why? Because with these trades bitcoin prices tend not to experience stability so that continues to continue to fluctuate and it is utilized by people who want to benefit from the fluctuations. Different when bitcoin prices tend to be stable because people will start quitting to trade them because reasoning from bitcoin trading is no longer profitable.
When entrepreneurs actively start selling their goods and services for bitcoin. I talk about small and medium-sized businesses. If a new technology is promoted by states and banks we will see the technology in big companies like IKEA or Walmart at first. But we see that cryptocurrencies are promoted by people. Consequently, people will feel comfortable using BTC when a lot of small and medium-sized businesses start to use BTC like payment tool.
I believe in it. And therefore we have created a tool for business https://bitcointalksearch.org/topic/annicoquickly-cheaply-payments-on-tokens-20-from-income-3121844
I believe that the truth is that people will never feel comfortable using cryptos and that they will hardly become widespread currencies. This is because the great majority of the people simply do not understand the systems and the processes behind cryptos, they do not know how they work and thus they do not see why they should invest in them. Moreover, banks, which should have the role of financial advisors for their clients will never encourage investing in cryptos as they consider them risky and are afraid that they might even replace the current financial system. For these reasons, cryptos will most likely remain known and used in a niche environment and will never become the actual breakthrough that everybody had hoped for.
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