[2015-07-05] Bitcoin is switching from investment commodity to everyday use

[LiteCoinGuy]

Bitcoin is switching from investment commodity to everyday use [INFOGRAPHIC]

http://www.coupofy.com/blog/bitcoin-is-switching-from-investment-commodity-to-everyday-use?utm_content=bufferb6e68&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

[Denker]

That inforgraphic is pretty cool.

[kjlimo]

Is there a way to get it displayed here?  It's not loading mobile...

[LiteCoinGuy]

@kjlimo

 

[kjlimo]

@kjlimo

 

Thanks! 

Didn't display on phone here, but I was able to copy the jpg link and that viewed perfect!

Great info graphic.

Why is Discover on the daily transactions twice?

Also, is UnionPay big in China?

[cryptocoiner]

Bitcoin is switching from investment commodity to everyday use [INFOGRAPHIC]

http://www.coupofy.com/blog/bitcoin-is-switching-from-investment-commodity-to-everyday-use?utm_content=bufferb6e68&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Doubt it. From my point of view bitcoin as well as other cryptocurrencyes more and more becoming a specultaive instrument rather than a currency. In order to use it as an everyday currency it should be way more stable.

[Dick Valentine]

I'd still say far more people are holding it as an investment commodity at the moment than actually spending it. People can see the long term potential in it so they are reluctant to spend it but likely will in the future when adoption is more widespread.

[LiteCoinGuy]

the cool thing is: you can do both - spend it and save some 

[Kyt Dotson]

Bitcoin is switching from investment commodity to everyday use [INFOGRAPHIC]

http://www.coupofy.com/blog/bitcoin-is-switching-from-investment-commodity-to-everyday-use?utm_content=bufferb6e68&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Doubt it. From my point of view bitcoin as well as other cryptocurrencyes more and more becoming a specultaive instrument rather than a currency. In order to use it as an everyday currency it should be way more stable.

The high volatility of the BTC market has always made me believe that's one of the barriers to large scale consumer adoption. I think that it's also a huge potential service space for consumer-side services to hook up with merchant-side services and use BTC as backchannel for payments, thus helping avoid some of the volatility.

Meanwhile, the release of more easy-to-use smartphone apps and wallets (as well as services that sell BTC easily) may also be helping close that gap. The problem I've seen is that pretty much all of 2014 we saw consumer and merchant adoption flatten; now in 2015 it seems to be all about institutional adoption touting "we're going to use the blockchain!" without much regard for bitcoin as a currency.

I guess it'll be more give and take before we see BTC as currency rise again in the community. No doubt Bitcoin Black Friday will be the next canary for that.

[gogxmagog]

That infographic is over a year old. I think BTC is being held primarily as an asset by most of the new adopters. Especially with the world markets as they are at present. The recent upturn in BTC valuation also inspires speculation.
It's all good.

[gentlemand]

I'd still say far more people are holding it as an investment commodity at the moment than actually spending it. People can see the long term potential in it so they are reluctant to spend it but likely will in the future when adoption is more widespread.

They're probably spending it now they're bored of it as an investment. I'm sure there are a few hard core users who only utilise it for spending. The majority got some in the hope of it rising.

It needs to become some type of store of value before it can become anything like a mainstream currency. Spending and replacing helps that along.

[okae]

That infographic is over a year old.

did anyone know if there is a new one? if yes, whats the link?

btw what most impressed me is the bitpay top 3 emerging countrys, brazil india and indonesia? really?

whats happen with those european countrys?