Topic: Why consumers are not adopting BTC - page 8. (Read 7311 times)

The gambling industry will benefit greatly from btc, as will the remittance market and for anyone else sending money around the world.

What do you mean you are doing $500+ trades? You pay $500 for a bitcoin while you can buy it for $360? Or you know idiots that are paying $500 for something that worths 360? What part of it is healthy?

Sports betting can be a major Bitcoin tipping point, TippingPoint.
Thanks for the reminder, I don't usually bet on sports, but might try it with BTC. 

Franky what world do you live in? If I pay with $1,000 in cash in a retail store, I'm waiting no more than 15-20 seconds for the cashier to check the bills before I'm on my way. Nobodys going to want to sit and wait 30 minutes for their $1,000 transaction to hit multiple confirmations.

sol adoni.. (aka 1anonymous)

as an american paying for things in $$$ is there any reason you can think of to today, go through the hassle of buying euro's and then go to overstock or any website to buy anything that is then used in your american lifestyle.. that you cant do with dollars...

so are you saying that euro's are obsolete??

or flipping it around

as an european paying for things in euros is there any reason you can think of to today, go through the hassle of buying dollars and then go to overstock or any website to buy anything that is then used in your european lifestyle.. that you cant do with euro's...

so are you saying that dollars are obsolete??

I believe that the next widespread use of Bitcoin will be for sports betting on the internet.  That will produce a broader user base, more press coverage, and a higher price.

The sports betting is already taking place.  The speed, lower cost, and relative anonymity of using Bitcoins for it will be made obvious soon.  Like SR, only with even more appeal to the public.

It's obvious not one person has offered any legitimate reason why 1 of 8 Billion consumers should acquire btc to consume anything today.

End of 2013 1100 btc
End of 2014 btc under 200

That will be the future of btc in my OPinion

Bitcoin will never become a real currency, there is no real world reason for any consumer to acquire btc.

NONE

The 9 month slide of btc shows btc has no value as an 'investment'.

So what some retailers decided to take it and convert it immediately into fiat

What need does any CONsumer have to acquire it?

NONE

The slide is not stopping, all the good news of more retailers has done nothing to stop the value slide so investors won't for the most part won't touch it.

If you have any large position in btc, dump it, IMO, in 100 days when btc is under 200 bucks, you would be happy you took the advice.

Now unless someone can post a legitimate reason as to why any CONsumer must have btc to CONsume anything, state it.

There is no real legitimate reason for a CONsumer to acquire it.

If you want to 'invest' in btc, then invest in it.

When the slide continues to under 200 btc by end of 2014 you will see I was right.

Until then, offer this thread one legitimate reason for a CONsumer to ACQUIRE btc

There is none.

Only bad speculation advice is being offered.

No consumer need means no reason to acquire it.

if you compare beginning of year instead of end of year i will listen to you... 2014 isnt over yet

FACT:

september 29th 2012 - $12
september 29th 2013 - $125
september 29th 2014 - $380
sepember 29th 2015 -

oh by the way.. "1anonymous".. i know your the "sol adoni" fudster.. so cut the crap out already, every bit of your fud has been disproven no matter how many names you made

Your opinion based on what exactly? Nothing. I'll bookmark this post and see if you're right at the end of 2015. Maybe you will, but only time will tell.

End of 2013 btc value 1100 range

End of 2014 btc value under 200 my OPinion

End of 2015 btc value 30 or 3 bucks

My OPinion is based on recent historical value of bitcoin and the FACT there is not one legitimate reason for any CONsumer to acquire it to SPEND

btc has no spec value, the 9 month slide of btc shows that

You can buy a house with anything, you can trade a work of art or a stash of rare coins for a house

Now why should a consumer acquire btc to buy anything?

So what you can buy a car or house or whatever with btc, give me a reason to acquire it, the same car or house can be bought with fiat or anything of value, now show me one valid reason to acquire btc to buy a house or car? There is none, since the person selling a such items would prefer cash or a bank check.

Consumer 'trust' in any currency is why a consumer has fiat or any item of value including any commodity or whatever has value to a consumer.

The is no legitimate reason for any CONsumer to ever 'acquire' btc to buy anything.

The spec bubble of btc is over and the slide in value shows that is now FACT.

All the new retailers adopting btc just puts more pressure on the downward slide of btc since the retailers all convert btc to what they trust which is fiat.

Btc is not fiat, fiat has governmental regulations which the average CONSumer equates into a trust fiat belief.

I trust assets and to me btc is not an asset due to the huge slide in value post Silk Road and adoption by retailers that show btc has no real value.

End of 2014 btc under 200, my OPinion and it will be easy to see who is right in 100 days.

This is how the net works, a consumer gets an email or a message from a 'friend', I'm now using whatever (twitter, ebay, FB, google, etc), consumer goes to site and usually 'adopts' the new whatever, the growth is 'viral' in that quickly the 'project' gains mass adoption and market share.

Now look at btc, when SR was a new 'viral' type of platform, the word spread, you need btc to participage, hence a 'reason' for a 'consumer' of SR products (drugs) to 'acquire' btc.

Now you have 'mass adoption' to some extent of btc by mass retailers (Overstock and Expedia etc), and what have consumers done? Yawn, why should they acquire btc when they can just use a CC?

So retail adoption was a failure so value dumped from 1100 end of 2013 to 300's today and my OPinion is it will be under 200 by the end of 2014.

That's 3 months.

Without a mass appeal reason for global CONsumers to acquire btc it will be under 200 by end of 2014, that's less than 100 days.

It's my OPinion and yes, if you have old btc, buy a 72K mile jag with it if you're in SFL, I'll gladly take btc and immediately turn it into fiat.

If you believe in btc as an investment, then buy one of the many brandable domains we have that are for sale too.

My OPinion is btc is going to 30 bucks soon and under 200 by end of 2014.

1anonymous is just trolling.

such a shame he does not realise that i can buy a house with bitcoin, i can book and pay for a vacation in bitcoin, i can buy a mcLaren or lamborghini for bitcoin, groceries, rent, fast food, toiletries for bitcoin. Electric/gas/utilities, car fuel, electronics/gadgets, furniture, even women for bitcoin...

oh well lets leave him to sulk and stick with his beloved FIAT

infact lets name it now
tell me one product that can easily be measured as a marker for todays FIAT.

i personally would use bread/milk/can of baked beans.
in the US bread is $2-$2.50 a loaf

so lets say $2.50

10 loaves of bread=$25 today (0.066btc AMLKYC crappy exchanges / 0.05btc otc-localbitcoins)
1anonymous please bookmark 'watch' this post and come back to me in 12 months (last day of september 2015) and tell me how many loaves of bread you can buy with $25, and we can see how much bread you can get with 0.05-0.066btc at that same day

see you then!!! bye

I don't understand why simplicity doesn't get into mainstream.
If making 1000 bucks tx then by all means use credit card. If u don't own 1, then use debit card.

The discussion here is why consumer is not using bitcoin. The consumers can be anybody and i take the over the supermarket counter as an example. Personally i won't use btc there. Obviously far better payment options and btc confirmation time, that would be the last option ReGardless of the payment size which you have been harping on till now  

And wallets with 'instant' spend still needs at least 1 confirmation. Read back my earlier post on the 1st confirmation time. Basically 5 mins is unacceptable

Fixed. You've got a lot of ramble I'll give you that though.

Look at btc with a blank mind...
Now turn your mind back 'ON' and look at BTC:
The fiat system is drowning in debt and worthless paper will do nothing to protect your hard-earned wealth. Bitcoin offers people hope and perhaps someday you will understand how important that is.

[/quote]


Let's speak about wealth, as I mentioned I have real wealth assets and that's why curators of major museums deal with me to acquire stuff I collect, rare objects that belong in museums.

Let's talk about non wealth items, like cars, I have a bunch of cars and one old exec driver I had for years is collecting dust, so it's in the for sale section as some pointed out.

Now let's talk about IP assets, I have lots, see the huge hoard of BTC related domains we have.

Let's talk about the commercial net, I bought into the net in 1995, bought 1000 keywords in 1995 money when netsol was the only way to acquire an IP asset that is where most of my 'wealth' is now stored, keyword .com's for major industries.

Let's talk about Gold, I have it.

Let's talk about Silver I have it.

Let's talk about rare collectibles, I have them.

Let's talk about stock, I own none, only stock in private companies I sit on the board of usually or stuff I funded as an angel investor.

Let's talk about tech, I formed my first tech company in the 1970's.

Let's talk about real estate, owned a ton of it over the years, now it's not an investment asset IMO.

Let's talk about OPinions, my OPinion is the average consumer has no legitimate reason to acquire btc to then spend it.

Let's talk about OPinions as to btc being a potential asset to 'invest' in, ok, did you buy in at 1100 or 900 or 700 or 500 or 400? How is that investment now.

Let's talk about the history of Bitcoin, SR was a major reason why some small amounts of 'consumer's bought it, then 'news' fueled spec, now 'investors' see no return only losses.

By end of 2014 btc is under 200, my OPinion.

In beginning of 2015 see where btc is and you will say wow he must be Warren Buffet.

haha

I don't see why it just has to be small trades. Seems to be working just fine on the huge scale it's at now and I'm sure will continue to operate fine in the future.

1CZWnCjYgdLgUHCkqker3BC71dzHS6CESg

Yep will dump one of my 4 cars I haven't driven in years, it's a dust collector and I sure will take btc for it and then send to my fiat account via one of the services my companies use.

9K book value on it and if some miner in SFL has a bunch of btc I will take it

Can you buy my new 550 benz convertible with it? No, its not for sale.

Can you buy one of my exotic whips? NO

But the sled sitting in my garage taking up valuable space is up for sale 9K book and if you have btc buy it

I take btc across a large network of sites and like Overstock we see almost no volume of sales in btc

So we're about to take down our we take btc signs

Yet if some early miner has worthless btc, buy the jag, then watch how fast I turn it into fiat

volatility,not many shops with it,and not pretty easy to acquire

again your waiting for confirms. if the amount was small.. why wait.. if the amount was $50+ then yea wait 1 confirm. if it was $1000 then wait a couple confirms.

put simply if you handed over in a retail store
$10, the cashier wouldnt look twice at it
$50 the cashier would atleast check for water marks
$1000 the cashier would ask a colleague to help double count the amount and then get the manager to put the bank notes into a safe. thus customers wait around for a while.

same with bitcoin.

but as i said there are wallets around that allow "instant" spend. again think about it like your main hoard is in a safety deposit box for long term storage. and then you have a small wallet in your pocket for instant daily spend amounts.