Bitcoin Forum

Bitcoin prices are on the rise, what do you think are some opportunities that Bitcoin can bring to the community?

From what I see, BTC remains as a cryptocurrency for investments, business/online services, and we are not seeing a lot of these BTC in our communities (yet).

What are some ways to promote and make use of BTC in our daily lives? An Example I can think of is to make Bitcoin payment through mobile easier, like AndroidPay.

Take note of these downsides of Bitcoins:

• High Fees
• Delays
• No incentives for people to use BTC

Bringing bitcoin to ground is not that difficult. It is us who need to take initiative to ensure bitcoin expand its reach more than just being investment item.
One of the easiest way is mass adoption of bitcoin as 'payment mode' in big shopping center or mall.
If all shops and restaurants in single building start accepting bitcoin, person could cater all his needs at one place. This will surely going to bump up bitcoin usage.

i agree if there's a big well established business that will accept bitcoin as their payment process it will be adopted by other's, and a shopping malls or a super market from well known place inside our country will start the popularity of bitcoin from the said place, so aside for being an investment daily use will also be a big factor to increase the value more.

This is actually a good idea!
If we could somehow approach the management company of a particular
Shopping Mall with the idea of having a payment method for bitcoin for
each individual shop there it would certainly raise the awareness and
useage of it.

BUT

I think until the value stabilizes, the fees expecially for micro payments and
the confirmation times are sorted out its going to be difficult.

Usually bitcoins are used for investments. But the problem with this is that it is creating a lock on bitcoins where prices just continue to rise and people just keeps their coins. Which also translate to it's prices going up due to the scarcity of it. But when the time comes, that prices reach a certain point that everybody feels it is right to sell, then prices will plummet pretty bad.

How would other's accept bitcoin if they are not interested with it? I know this is great and all that bitcoin can now have a direct transactions with all the things we want but I think some countries would surely be against it, and if not the countries peoples knowledge towards bitcoin is very limited right now even though the price of bitcoin is at large there are definitely media blockage and I think over a 45% or less in the world had a knowledge with bitcoin well that is my speculation about the percentage but I think it is surely low,

But one thing I know about bitcoin, that there are many things that we can do towards it regardless of what are we doing to Fiat money, over investing, spending, trading, and saving.

There are already many web wallets that offer mobile wallet which can be used to receive and send bitcoin by just scanning QR codes. And I have also heard of few local bitcoin wallets that offer bitcoin payments via SMS and email. What we still lack is number of local shops/merchants who are willing to accept bitcoin as payment. There are lots of reason for this and one of the strong reason is price volatility bitcoin have.

I totally agree, there are no incentives for people to use Bitcoin instead of cash too, looks like for now it is used more widely on online platforms. Bitcoin could be used like a credit card so you don't have to bring cash around. Most people around only knew about Bitcoin after the ransomware attack.

The bad thing about Bitcoin that it is volatile compared to USD so it is like stocks, a mobile 'investment' where you can carry around. Still looking for ideas to promote Bitcoin and for any Bitcoin related services . :)

Wear a t-shirt with bitcoin logo? i'm gonna get myself a t-shirt with bitcoin logo on it soon. ;)
mycelium(or any other android wallets) can be used to pay at places where bitcoin is accepted, just scan the qr code and send the amount!

You can also print a QR code and your personal address. There were people who did it back in the day and earned some donations.
It works both ways. Helps popularize bitcoin and brings you profit, even if it's just a small one to compensate the cost of making that T-shirt. ;)

You will not see a member sharing how many bitcoin investment he/she has that's why you don't see it much discuss in our community for security purpose.

For business/online services, I think there are few I saw that is putting business and accepting bitcoin payment. You go try explore marketplace thread. Personally, I have a offline business and I just used bitcoin as additional cashflow. If I needed a new capital I just withdraw my bitcoin and convert it to fiat then put the money in my offline business.

For me bitcoin is really a great investment for every body as long as you invested in bitcoin earlier but I guess until today it is really a good investment for everybody I really expect that the bitcoin price will increase rapidly in just a small period of time so I guess it is really profitable until today no doubt about that.

For keeping bitcoin for local market you should have a  such a strong wallet or card it will immediately convert your bitcoin to local currency with less charge and let them buy its too hard present situation because of high transaction charge even for small payment

Sadly bitcoin loosing its original cause of started low transaction fees high speed transaction and better security . So local market and day to day life use no way it's already became asset like keeping it for future like gold or trading component

Bitcoin is a great investment opportunity for the long term and it cannot be used on a daily basis, i would really love to see the amount of transactions goes down per day so that the transaction fees also goes down,it has being a crazy spiral for quite some time and i would like to see bitcoin when i first started using it,i am not seriously bothered about the price but i am bothered about how things work.

To the bitcoin community there are many benefits they can give to us,big price rise in the market will help holders big or small is still in and will get help by the pump.And in terms on the outside community people who doesnt use bitcoin they can be one of us too and earn to this industry

Free bitcoin sites are indispensable as well for campaigns providing space and opportunities as well for new users getting their first free bitcoin in the wallet, it is certainly very unfortunate and very little when expensive bitcoin prices should continue to develop many free bitcoin sites

Correct, nowdays fees has been increased to 0.001 btc as a default minimum fees for the transaction. If you use other networks with the low fees option likely 0.0002 btc or something are not get confirmed in 30 minutes to hours.

These above mentioned high fees only preference to transact the bitcoin in normal time.

Yeah, I agree with you that bitcoin is not currently accepted in actual communities much by merchants. I hope that this fact can change in the near future as more bitcoin adopters come. I can see a lot of growth in terms of online merchants accepting bitcoin but i guess physical merchants are reluctant to do so because of the high fees and high transaction confirmation times.

Opportunities? Well everyone can invest in bitcoin, that's for sure. It's accessible to anyone anywhere, even in countries like Venezuela where cash is worthless. You can trade p2p, so no need to wait for banks to open. If someone can make a killer app for bitcoin like you said, that will probably be used by every bitcoiner as well if it succeeds.

Yes, it is a great investment, for everyone and I think everywhere. but on one condition, sir.
We have to be smart, we have to know what will become a good insventment and what's not.
Because, nowadays lots of scammer lure a new user to invest their money in some kind of, how do I say this, like future investment, using sweet talk that saying, you could double your income with bitcoin using hyip and all. It's not wrong, but we have to be more careful.
And nowadays, transaction fees really high, I like how btc price rise real high,
but I do hope fees and transaction time will become more smaller and faster than now.

Like op said, an android app? yeah, I'd love to see that as well.

There are many market opportunities . Like recharge your mobile with btc or purchasing daily need goods with btc . This can only happen if Bitcoin is accepted by lot of people in a country then they can exchange goods services for btc as the transferred Btc will be highly liquid .

I am happy with things are moving with bitcoin,the only thing that is really irritating is the transaction fees and the delays in the network,other than that i do not think we need a further services to promote bitcoin as it has all the promotion i has.

There's actually a local restaurant on our place that accepts BTCBTCBTC. It's the first of its kind as far as I know, and yes, it gets customers who dine in there just because they can spend their BTCBTCBTCs there, well that's even before the skyrocketing prices.

Anyhow, regardless of the price, there's a huge opportunity for BTC in the field of remittances, there are already firms here that tends to that but there's still potential.

Japan accepts bitcoin payments
People will accept bitcoins!

Those innovations that you mentioned are already exist on the community for how many years already and adoption is really on the move and gradually increase its awareness globally which results on a certain price increase of bitcoin.It does give opportunity for us users of it either on investment or on the benefits that it gave to the community.

Bitcoin always gets the market to promote about it, and bitcoin can expand its reach beyond just being an investment item. Here's one bit of excess bitcoin it has.

What benefits?

Thanks all for all the responses, from what I read, some of the major problems for Bitcoins are:

• High Transaction fees (For microtransactions)
• Delays (Unlike paying cash)
• No incentives for people to use Bitcoin

Would Bitcoin be just an investment to store your cash? For safety reasons? Looks like we won't be using Bitcoins in our daily lives after all.. Is there anything else we could do with BTC?

Even the tipping service ChangeTip that provides a tipping service with no fees has discontinued, essentially allowing microtransactions. :(

Yes it is, because it is being seen more as an investment asset and not a currency, and that's actually good for it. At least by hook or by crook, it is getting attention and now everyone is getting on the train, and I don't think that there is anyone now who can devaluate Bitcoins unless some whales having more than 0.1-1% of Bitcoins come and dump them over us. I introduce Bitcoin myself to my friends as a way of increasing our paper money's value and there's nothing bad in it.

Bitcoin market is growing higher and higher as more corporates and Countries were getting into bitcoin usage. In terms of profiting as well other usage bitcoin too have provided much accessibility, which is an added benefit that we cannot get anywhere else.

We have a lot of opportunities to make a profit from the bitcoin market, its value is constantly changing, so we can use it to generate a profit for ourselves. Although it is difficult to make the right choices, it is one of the best ways to make money from bitcoin. In addition to bitcoin, many other altcoin may also work similarly.

During  shopping  or in market people were prefer using credit cards instead of carrying money with them and now in a lot of countries and cites people likes to use bitcoin because its safe and simple to use. You can put bitcoin and can buy anything without any extra payment. Bitcoin is a great marketing opportunity for investors because of its rising use and prices.