Topic: When will people feel comfortable using BTC ? - page 38. (Read 12274 times)
Yes, most of the people look at BTC in their wallets as a investment and not as a future currency, Every one should try to make use of those BTC for their every day life and make it come into circulation into the world which will increase its popularity and also it value among the people. Just holding a large amount for very long time will not affect much but spending it and changing it to fiat and circulating it will make the flow of bitcoin into the society more smooth and familiar .
Pretty old topic which was probably revived by spam, but good discussion nonetheless.
I for one believe people will feel more comfortable using BTC when it is recognized by more governments. This has been done by Japan which openly supports the use of bitcoin and other crypto which has resulted in a boost in their economy (sources should be cited but you can google these for yourself). When other countries follow suit and openly support bitcoin, the era of bitcoin's mass adoption will begin.
I for one believe people will feel more comfortable using BTC when it is recognized by more governments. This has been done by Japan which openly supports the use of bitcoin and other crypto which has resulted in a boost in their economy (sources should be cited but you can google these for yourself). When other countries follow suit and openly support bitcoin, the era of bitcoin's mass adoption will begin.
The fees are too high. I sold some of my alts, about $200 worth, to send to my bank account, and I still haven't sent it because I'm waiting to get more, because of the fees. So it's not as easy to use everyday due to the fees.
When BTC has become an easy to understand transaction tool. Maybe people will start comfortable using BTC.
Its when a country make bitcoin as another mode of payment. Where people can use it anytime anywhere. And when the government assure the public that bitcoin is safer than ever.
I don't think so, even though some countries makes bitcoin as another mode of payment it could still be difficult for anyone to feel comfortable using bitcoin, unless bitcoin price stabilizes and reduces its volatility.
Its when a country make bitcoin as another mode of payment. Where people can use it anytime anywhere. And when the government assure the public that bitcoin is safer than ever.
I don't think so, even though some countries makes bitcoin as another mode of payment it could still be difficult for anyone to feel comfortable using bitcoin, unless bitcoin price stabilizes and reduces its volatility.
Its when a country make bitcoin as another mode of payment. Where people can use it anytime anywhere. And when the government assure the public that bitcoin is safer than ever.
I think everyday people are becoming more comfortable using BTC. I have been holding BTC for awhile, but not really spending it. Once I finally spent some on some purchases, I really found out how easy and convenient it is.
We are at a time where we have become so desensitized to just volunteering personal information all over the internet, and it is super refreshing to be able to just send btc to an address, instead of basically signing your privacy away each time you make a purchase...
We are at a time where we have become so desensitized to just volunteering personal information all over the internet, and it is super refreshing to be able to just send btc to an address, instead of basically signing your privacy away each time you make a purchase...
Now, even the most skeptical persons are thinking about buying Bitcoins and dealing with this cryptocurrency. They do understand that BTC brings many pros.
May be never ever! I think everyone here is behind earning the profits from it and they want to be rich very quick from the crypto currency use. Thats what happening these days and people will never understand the real use of the crypto currency or the bitcoin itself. They dont wanna understand the crypto space and how it works or for what purpose it was made initially. If they would have understood it already then may be we would have been using to transact safely and securely inspite of using the fiat currency as we know crypto is Rea deal here.
Personally, i will definitely feel comfortable using cryptos if they are legalized, every individual accepts and uses these and price are stable in a just amount.
Even Bitcoin is legalize in a certain country, I don't think it will be that comfortable if people don't really want to use it since there are a lot of FUDs and scams that is being blamed on Bitcoin. In our country, there are a lot of networking and investments scams and they are pointing out on Bitcoin the reason they are being scammed and they are now saying that Bitcoin is a scam even though it is not.
I think you will feel comfortable using bitcoin is when you know how to earn some coins with join some bounty project or when you do some investment and you get a massive results.
Right the comfortable feeling while using Btc same feelings that you know you invested the best in the town. Your comfortable because you know your secure in term of coin stability age. If you only knowledgeable the flow on how and when to invest in btc you will earn much bigger than your investments. Bitcointalk.org furom will not be famous without the btc coins existence. I believe the answer to your question would be when the big supermarkets accept some form of btc for their goods.
I don't think it will be with bitcoin at all. There are hundreds of other coins that can show the best results on the speed of transactions, Bitcoin in this format is a little behind. Therefore, Bitcoin can be a source of multiplication of your Fiat money. But this model is not clear to me personally. Although may be it will replace the forks coin of bitcoin. ...
Personally, i will definitely feel comfortable using cryptos if they are legalized, every individual accepts and uses these and price are stable in a just amount.
Even Bitcoin is legalize in a certain country, I don't think it will be that comfortable if people don't really want to use it since there are a lot of FUDs and scams that is being blamed on Bitcoin. In our country, there are a lot of networking and investments scams and they are pointing out on Bitcoin the reason they are being scammed and they are now saying that Bitcoin is a scam even though it is not.
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.
It would be more comfortable it all government around the globe supporting bitcoin. Because when that happens, of course, strong security will be provided and more investments bitcoin will get. Incase that happened, I hope fees would be lessen.
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.
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.
Personally, i will definitely feel comfortable using cryptos if they are legalized, every individual accepts and uses these and price are stable in a just amount.
problem is btc price right now,and lack of knowledge and store/shops accepting it.even if suppose in future many shop are going to accept btc but at that time i am sure btc price will be alot and no small holder will be using it casually to buy something,instead they will prefer to hold to gain more profit,but as new payment crypto card are there so they can ease the crypto payment use.
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.
I believe the answer to your question would be when the big supermarkets accept some form of btc for their goods.
I agree with that, and if our elders will glad and ready to acquire higher technology which I highly doubt, not because I underestimate them but I think they see themselves as too old for something complicated for their age, if we can imagine paying usuing your cash is a lot easier than paying your bills using your phone, in this generation I see that the younger people are the one who can acquire Bitcoin for daily lives better.
I believe the answer to your question would be when the big supermarkets accept some form of btc for their goods.
All will be comfortable to use bitcoin if the sayings about bitcoin will be gone, a lot of scam using bitcoin is too mainstream so people look at it as a real scam. Specilly here in our country who see it as scam
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