When will people feel comfortable using BTC ? - page 9.

gurang

jr. member

Activity: 350

Merit: 2

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.

they will only feel comfortable with themselves if they trust and if they have found a good cause for their business like the price rises

ChrisPop

legendary

Activity: 2310

Merit: 1035

Not your Keys, Not your Bitcoins

I simply put much more value on my BTC then on any fiat currency as it is a superior currency from all points of view. Fiat is controlled by governments and is highly inflationary. I am comfortable with spending bitcoins,but I try to hoard as much as possible and spend my dollars before I get into my crypto stack. Wink

Luthfiyaaa

full member

Activity: 468

Merit: 100

the more people use bitcoin, the more people feel comfortable using bitcoin, and that happens if the country has received bitcoin, and many supermarkets, or online stores that accept bitcoin for payment. because bitcoin can make it easier for them to transact.

BigBos

sr. member

Activity: 1974

Merit: 450

when they start to understand how to use bitcoin, and they have followed the path, I think they will feel comfortable. moreover when they managed to make quite a lot of income, I was sure that it would make the person more interested and comfortable to work to find crypto.

Allura74

full member

Activity: 546

Merit: 100

Quote from: Sarastiche on August 26, 2018, 04:07:13 PM

When Bitcoin become an accepted digital currency globally and the world bank legalizing it as a currency that can be use as a mean of transaction then everyon will feel comfortable to use it, I feel there might be a a regulation in the cryptocurrency space befor this can be achieve.

For me personally, It will be comfortable to people using BTC when the government has its control to it so that it will be legalize. In that way hackers and scammers will hesitate to do bad things because if they do it be easy by the Government to trace them. It will be comfortable also if the people will have enough knowledge about BTC.

zedrickjuls

jr. member

Activity: 196

Merit: 1

I think,people will only feel comportable using bitcoin if it's already legalized and accepts bitcoin as a form of payments and if they don't ban bitcoin,if this happen I guess more people will embrace and use bitcoin.

tanzaholzmann

newbie

Activity: 101

Merit: 0

I think people will feel comfortable with bitcoin if bitcoin prices do not fluctuate, and there are other problems like in Indonesia, the government still prohibits cryptocurrency from being used as a payment instrument.

beezunus

full member

Activity: 420

Merit: 100

people will really feel comfortable with bitcoin if bitcoin can provide a lot of profit and all places can accept bitcoin so we will be easier to use it and the price of bitcoin will continue to rise

embargo

newbie

Activity: 266

Merit: 0

People will feel comfortable when in their purse bitcoin will have enough money to not worry every day with the question of where to get the money. And that it was completely anonymous. Then there will be a quiet life, comfortable, with bitcoin.

royalfestus

hero member

Activity: 2464

Merit: 519

For the time of the year the comfort-ability has lied on the volatility of the coin. for those who invested at the peak and had seen it slide this low, they struggle to take their investment and also lost confidence in putting more funds. It looks more difficult to predict the movement of the coin, we only try to know where threshold is held. With the feature of volatility of crypto coin, the comfort in the business may not come. The ETF proposal success can improve confidence of investors to a certain level but the space had thrived without it in the past years with over 9 ETF proposal failure.

Ekimzjames20

member

Activity: 348

Merit: 10

Quote from: joshraban76 on June 14, 2014, 11:21:47 AM

When EVERYTHING is paying paid with BTC, and when it gains more trust and when you see BTC ATM machines in streets.

Some big companies in other countries have already accept bitcoin but in my country it is not already accepted. So i think people feel comportable when it is already accepted in many big malls and the price was stable.

Manyak

newbie

Activity: 167

Merit: 0

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.

When will people feel comfortable using bitcoin? For me when the price of the bitcoin will increase .the the bitcoin will be accepted in all nations .

onrise

sr. member

Activity: 1512

Merit: 316

Quote from: Jingjess on August 21, 2018, 01:43:40 AM

I think people are more comportable in using bitcoin if all countries accept bitcoin as form of payments and if bitcoin will legalize worldwide.

It is the government onus to make it leaglize so that people can use it in their daily life and businesses can start accepting it for their payment method . Today as many country are undecided people are still confused about it as what will be the result .

GREATLOVE

member

Activity: 252

Merit: 10

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.

When will people feel comfortable using Bitcoin. When the bitcoin will be accepted in the whole world .

rakibpintu

newbie

Activity: 59

Merit: 0

we all know what is bitcoin. BTC using all of county without some country. Btc use too easily though you know how to use it. many people btc use for trade get more profit. bitcoin is the head of cryptocurrency. btc invest on cryto market they would be some risk but have to needs patient for profit.

Duogembrot

full member

Activity: 476

Merit: 100

I think they will feel comfortable when using bitcoin when bitcoin already has clear regulations and when the conditions of bitcoin prices are stable.

crazymelons12

jr. member

Activity: 238

Merit: 4

Comfort may mean a lot to the people who uses bitcoin. Comfort in the sense that they could work easily with it because the government is not regulating it or banning it is one. Another thing is that people should have to learn that bitcoin is safe even with all those reports of hacked accounts for as long as they follow the safe procedures in accessing their accounts. Comfort in the sense that bitcoin will be used by all people and that volatility will be no more because of actual worldwide usage then people will feel comfortable using it. These are just a few reasons why people are a bit hesistant to use it but even if only these few reasons are eradicated it would surely create a good market for bitcoin.

West0813

full member

Activity: 504

Merit: 100

When many countries and government make bitcoin as safe as ever. And it is widely acceptable around the world. I think if that time comes. People will embrace the use of bitcoin like fiat.

Sarastiche

member

Activity: 532

Merit: 10

BITCOIN IS THE CURRENCY OF THE GLOBE

When Bitcoin become an accepted digital currency globally and the world bank legalizing it as a currency that can be use as a mean of transaction then everyon will feel comfortable to use it, I feel there might be a a regulation in the cryptocurrency space befor this can be achieve.

Hobo66

hero member

Activity: 1344

Merit: 502

Quote from: galkinado on August 08, 2018, 09:38:12 AM

There needs to be a lot of improvement for that to happen. First thing is that volatility in prices should stop.

Yes that is true but I think that it is also too much important that bitcoin should become too much common, people must have more opportunity to use bitcoin everywhere and for everything they want and I think that then they will surely feel more confident while thinking about to use bitcoin.

Topic: When will people feel comfortable using BTC ? - page 9. (Read 12270 times)