When will people feel comfortable using BTC ? - page 5.

knggtrrz

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Quote from: wingsthegreat21 on September 14, 2018, 05:39:32 AM

Most probably if the conversion of cryptocurrencies reach its maximum limit there's a possibility that people will definitely use it without thinking too much.

Do you thing there will be a maximum limit for it? I believe bitcoin will continue to grow and the price will continue to rise and people will never fell comfortable using it.

wingsthegreat21

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Most probably if the conversion of cryptocurrencies reach its maximum limit there's a possibility that people will definitely use it without thinking too much.

hheight

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I think the main issue why people still won't use Bitcoin on a permanent basis is its high volatility and relatively high transfer fees. Solving these problems will greatly accelerate this process.

Rauxanhinu

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This is something which entirely depends on the person himself like the way he takes the things and that he knows about the crypto currencies and the way they work. If you have enough of the information regarding the crypto coins which can help you in having a better understanding of the entire concept, then this will not only encourage you to invest more but this will also help you in making lot more money.

Nolimitz84

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People will feel comfortable when cryptocurrency volatility decreases.If I have 100$ that's 100$ will be in 1 year.I can't say that about cryptocurrency.Today 1 my bitcoin costs $ 20,000 and tomorrow $ 5,000. Definitely this risky storage of capital.And somehow I feel uncomfortable)))

liliano

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when the support of many parties such as the country, large companies, positive sentiments about bitcoin are gathered together and there people will be comfortable using bitcoin for daily activities

BTCFLOW07

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I think it relies upon what number of btcs do you have, on the off chance that you were of the few holding +200 since 2013, I think now , you will spend some of them purchasing stuff, however in the event that you have just like 2-5 it will be more similar to a fortune and you wont spend it and a similar will transpire if the cost goes to 10,000 so now you will resemble the 200s folks.

also, When there is an answer for a wallet that simple to utilize/keep up and difficult to take from.

Until further notice I can not prescribe any of my companions to spare/utilize bitcoin, on the grounds that demonstrating to them generally accepted methods to anchor a wallet and utilize them appropriately is a "mission inconceivable" for non specialized clients.

godlike123

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Quote from: passeroutpass on September 11, 2018, 06:42:39 AM

Only then people will use comfortably digital currencies, when the states will create all the conditions for their comfortable use. I think that this will not happen soon.

Actually it will depend on he individual. As the likes of me i do have a confort doing bitcoin investment from trading it with other crypto or just holding it in the digital wallet. The comfort will add up if you have also a good digital wallet and a local exchange which you are been used to do trading.

darkr

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Quote from: SkvorNyc777 on September 08, 2018, 05:13:49 PM

Oh, I believe that it may happen in nearest future. But the thing we need the most is believing in crypto by the whole world and it is kind of difficult to reach.

I suppose, those guys that know a lot about the cryptocurrencies and can earn even when the market is down, feel comfortable using Bitcoin always. The other men should learn more about BTC to feel the same.

Bumblecoin

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Quote from: lyth0s on May 31, 2014, 07:10:09 PM

People will use bitcoin when the following conditions are met:

1) Apps make it VERY easy to buy/sell and trade
2) Big stores and grocery stores accept it, IE Target, Walmart, Food 4 Less, Stater Bros etc
3) Stores offer discounts for using bitcoins (pass on some of the savings from credit card percentage charges to us)
4) People can take part of the their income in bitcoin (see https://bitpay.com/bitcoin-payroll-api)

Soon, using bitcoin and crypto currency as a whole will be made easier. Technology is continually progressing so let us just prepare ourselves for sooner new ways will be invented. I am pretty sure of this.

godlike123

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I do alreadt feel comfortable having bitcoins and i just wanted to get more on it because i wish also to earn more on bitcoin as its market price moves higher in the near future. The people.here are doing speculations and the common speculations is that bitcoin will going to moon.

DRVX

hero member

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Quote from: gurupauts on September 08, 2018, 08:29:16 AM

I think, people will feel comfortable using bitcoin if the government supports the use of bitcoin and accepts bitcoin so bitcoin can be used anywhere and by anyone

Well, I think those fellows that have many Bitcoins feel very comfortable. If seriously, we need to wait for this moment for at least 5-8 years. People are very conservative, and it will take time to accept Bitcoin as a currency.

Asanza25

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You are right about the fact that no one wants to spend his bitcoins with belief that value will rise in future. This makes it inefficient as a currency.

Himanshu111

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Quote from: Kim Domingo on September 11, 2018, 09:29:35 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.

Probably if everyone in everyday in everyday is starting to use this cryptocurrency and we can say that if having crypto living with your life may be required to afford good, or maybe it will be implemented to be used for your daily life, but as we can see this days the opposition of more and more countries with regards to anonymity and some other instances which may be questionable and a threat for a country's security may be one of the reasok why they will ban Bitcoin.

Already a large percentage of people have started using bitcoin.But still there is a long way to go for bitcoin because bitcoin is not supported by some nations and it is also banned in some countries.Bitcoin requires internet connection which is not possible in every corner of the world.It also requires some basic knowledge about how to get operated.It is also a bit complex initially.It also has a risk of getting hacked too.All these problems should be solved then only people will be comfortable in using bitcoin.

Lhaine

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Coinbene.com - Experience Fast Crypto Trading

Quote from: crocus on September 11, 2018, 09:41:11 AM

Bitcoins is volatile and I think the first who should be comfortable in btc is the government of some countries which keep banning btc on their countries, people will not be comfortable in btc if their government and news on tv keep telling that btc is fraud and scam.

We will be comfortable in bitcoin if many big companies will accept it. In that case many people will feel great about bitcoin and specially if others country stop ban bitcoin in different countries.

crocus

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Bitcoins is volatile and I think the first who should be comfortable in btc is the government of some countries which keep banning btc on their countries, people will not be comfortable in btc if their government and news on tv keep telling that btc is fraud and scam.

sarungmen

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I am sure no one can predict this accurately or give a definite answer to you, because bitcoin already has an image as an investment tool rather than a currency as the initial purpose of bitcoin was created, it will be difficult to change the perspective of current bitcoin users because already many people who consider bitcoin as a field to find income quickly, but we wait if bitcoin has achieved price stability, maybe it's the right time bitcoin to become a

Kim Domingo

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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.

Probably if everyone in everyday in everyday is starting to use this cryptocurrency and we can say that if having crypto living with your life may be required to afford good, or maybe it will be implemented to be used for your daily life, but as we can see this days the opposition of more and more countries with regards to anonymity and some other instances which may be questionable and a threat for a country's security may be one of the reasok why they will ban Bitcoin.

Bitcoinbitcoin0909

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Activity: 268

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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.

Knowing that bitcoin was already banned in some countries and many people now are thinking negatively over it, we can really say that it would take up a very long time before everyone gets comfortable with the use of it. Although it is hard, we should still be happy considering the fact that there's a possibility that all the people in the world will feel familiar and comfortable with the use of bitcoin.

Reality5

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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 ?

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

People are likely going to keep hoarding their Bitcoins. There is this general believe that the value will always go up which is also very true. You cannot blame them. Everyone wants profits.

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