Bitcoin issue

[elizabethqueen]

So for the last days I've tried to sell my services on the market place: signature, twitter posts and digital content.

Finding clients to pay with Bitcoins is terrible hard! People don't want to spend their coins too easy and many are just keeping their coins.

I believe BTC will succceed but this is a major issue!

If we want things to change I think bringing it to a lower value may be the way... so people can spend it more easily... ok don't rush to argue I want it to be $10,000 but this makes me believe nobody will spend a cent then.

Probably it was more fun spending it in the early days, too bad I wasn't an early adopter - believe it or not I only found out about it in 2013.

I've experienced the same thing with Dogecoin, even if it's lower value people aren't are too eager to spend their coins.

yes i agree with that,people so afraid to spend their bitcoin for their service,and they choose to hold their bitcoin for price increase,this major issue will not resolve for this year.

[Jet Cash]

You have to buy dollars to buy oil, and it is one of the reasons for the past strength of the dollar. A few countries are trying to change this ( Russia and China for example). I've quoted things for sale in Bitcoin, and offered a discount for using it, but haven't had any takers so far. I guess it's the Bitcoin image, and the ease of buying Bitcoin that causes the block rather than the price. A drop in price is likely to attract more currency investors which will decrease the velocity of Bitcoin.

[Herbert2020]

So for the last days I've tried to sell my services on the market place: signature, twitter posts and digital content.
......

the problem is not with people not wanting to spend their bitcoin. it is because the market is filled with what you have offered.
besides i am not sure how long did you try, but sometimes in any business it would take time for people to find out about you, in other words your luck starts and customers come to you. you have to be patient.

[Learn007]

People start holding bitcoins for too long, they should spend it too for growth of bitcoins.
So, holding for long is the main issue these days with the bitcoins

[yenxz]

So for the last days I've tried to sell my services on the market place: signature, twitter posts and digital content.

Finding clients to pay with Bitcoins is terrible hard! People don't want to spend their coins too easy and many are just keeping their coins.

I believe BTC will succceed but this is a major issue!

If we want things to change I think bringing it to a lower value may be the way... so people can spend it more easily... ok don't rush to argue I want it to be $10,000 but this makes me believe nobody will spend a cent then.

Probably it was more fun spending it in the early days, too bad I wasn't an early adopter - believe it or not I only found out about it in 2013.

I've experienced the same thing with Dogecoin, even if it's lower value people aren't are too eager to spend their coins.

this is naturally happen when bitcoin price high,but when bitcoin price going down,i think many people choose to use bitcoin for payment,not as investement.

[talkbitcoin]

People start holding bitcoins for too long, they should spend it too for growth of bitcoins.
So, holding for long is the main issue these days with the bitcoins

people are holding bitcoin mainly because they are looking for a way to get rich quickly. and the history of bitcoin price shows that it is very well possible.

and i don't think lowering price at this point is going to solve anything because they will all leave bitcoin behind.

[Kprawn]

This is an issue, because volatility is a contributing factor for hoarding. If you know something will be more valuable in the short term, you tend to hold

on to it, until you get the better price. If I think the Bitcoin price is going to double within the next few months or within a year, and I can get 100%

back on my investment, I will hoard until that happens. A lot of people hoard, simply because they bought at a higher price than what the price is

currently.

[bearex]

It is true. Some people dont want them, others just keep them as an investment because they think the price will rise. I think it would be best to email owners to start accepting them .

[gregyoung14]

This is an issue, because volatility is a contributing factor for hoarding. If you know something will be more valuable in the short term, you tend to hold

on to it, until you get the better price. If I think the Bitcoin price is going to double within the next few months or within a year, and I can get 100%

back on my investment, I will hoard until that happens. A lot of people hoard, simply because they bought at a higher price than what the price is

currently.

I figured there would be no harm in here. I dont actually believe its value will shoot up. But what i do believe is that if not sooner, BTC will surely grow its value.

[kevin go]

Maybe some people is trying to get btc without first deposit their real money...so it will be hard to get more and more..and they try to invest their own btc and keep it grow..its why hard for them to spend btc

[ATguy]

this!  If I could get paid for my regular work in Bitcoin then I would certainly spend it.  Buying Bitcoin with fiat then spending it seems strange.  Most people are probably hodling.

The problem is as I receiving fiat as a income, I preffer to ged rid of the fiat first because I prefer to keep the currency which I value more - Bitcoin. Obviously there are products like mining rigs where I need Bitcoins only so I have no other choice than to spend Bitcoins instead.

And yes there are fees when buying Bitcoins, so buying Bitcoin with fiat then spending is really not best way imo.