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Author Topic: Bitcoins Everywhere? Not yet...  (Read 7798 times)
novemberwoah
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February 19, 2017, 04:30:42 AM
 #101

At this time bitcoin is already starting to be used for online payments and this will continue to grow, even direct payments in some countries have started using bitcoin. But I think bitcoin might not be the main currency in the payment because every country has a currency of each, if used for payments bitcoin will become an alternative currency of each country. I actually prefer the bitcoin as a commodity, because fluctuations can be very profitable.
Well, bitcoin is not "starting" to be used for online payments but it's has been used for years ago. I would agree with your point that bitcoin shouldn't be used for the main currency of a specific country due to its fluctuation and the various problem it can bring. You may find that the fluctuation giving you a profit but if an organisation or an instance using bitcoin and then fluctuation occur, it's indeed a big problem for the whole instance's economy.
Yes indeed online payments with bitcoin been used since a few years ago but only now starting to grow. Yeah right, if bitcoin is used as the main currency is very risky because of fluctuations is still high so it could be detrimental and harmful to the economy. So it is better if it is used as a commodity and if you want to use as the currency was only as an alternative.
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February 19, 2017, 07:52:18 AM
 #102

Bitcoin not yet reach every where. Most of the people do not know about bitcoin. Some know  about this and do not know about its function. The people who know about this can spreed bitcoin. If something is advertised then only it will come for common use. 

The fact is bitcoin is missing promotion at higher level and once it is done it will come across through many people as of now bitcoin has not reached everywhere and it will take long time for that to happen as most of the people have not even heard about bitcoin yet.

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February 19, 2017, 07:54:32 AM
 #103

Most of the members consider bitcoin as major currency of future. Let us assume that it will be accomplished one day, but before that, I wonder which spheres of our everyday life will adapt bitcoin first?
Not really, I don't think most people see it as a currency to replace fiat, not with a ten minute confirmation time.

Bitcoin won't replace fiat. The reason why is because Bitcoin needs the cashflow in order to be worth something. Nobody want's Bitcoin if it is worth nothing, BTC isn't even backed by anything...just data and that data could get wiped within nano-seconds if there was an attack.

Unlike Gold that is backed by Gold and the limited quantity, people will find it too late to purchase when there isn't any in demand. Bitcoin is worth nothing, the price per Bitcoin is just a mirage. Warren Buffet is right in a sense.
Well you are wrong on many points, just like FIAT it is not backed by anything but it is a limited quantity just like but the demand vs limited supply is what gives the price. The security of the network and just like our stocks and 90% of cash (it is all logged digitally) its just data, but each bitcoin wallet has the ledger information, as a backup.

Amph is right, you are wrong (and yes I do read the thread after I post in it just for fun).

Firstly, when did I say that FIAT was backed by anything? Fiat is printed everyday, if you don't think so then look at the website from the Treasury:

https://www.treasury.gov/resource-center/faqs/Currency/Pages/edu_faq_currency_production.aspx

"During Fiscal Year 2014, the Bureau of Engraving and Printing delivered approximately 6.6 billion notes to the Federal Reserve, producing approximately 24.8 million notes a day with a face value of approximately $560 million."

You see, there is more than just a limited amount like you write.

You stated that I am wrong on so many points yet you don't point out any of the "Wrong" things that are in my post?

Sure, Bitcoin has a limited amount 21,000,000 million but it's worth nothing if it isn't connected to a Government Currency.

Gold could be bartered and there is a limited supply...Do the math.

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February 22, 2017, 01:34:58 AM
 #104

Bitcoin still far from "everywhere", there is still not many people know bitcoin, the one that they need to implemented is the shop that target the worldwide customers, because bitcoin was created to make us easier to do transaction globally

No one spreading bitcoin anywhere apart this forum and btc related sites. We need bitcoin and its related services spreading in Facebook and WhatsApp. This way will achieve to make huge Bitcoin users in upcoming years. Adoption is best way to grow the value, this way would bump the value according to me.
Probably getting in Facebook will be more impactful than getting WhatsApp since persons seem to love Facebook a lot more than WhatsApp.

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February 22, 2017, 08:00:47 AM
 #105

it does take some time to reach everyone. it happens like that but we already seen what can a new innovative idea can do to the market. WE are accepting bitcoin for trading and gambling and even at some porn sites but soon we can buy chocolates with bitcoins at any country just wait about 2-3years more

You don't have to worry about it. Now that I see that bitcoin will show growth of a much bigger and better than ever before. Because I already know that, bitcoin will make everyone interested and give benefits to everyone. No need to wait 2-3 years away, for if now bitcoin has not received the goods that we need then we can still buy it by selling bitcoin and buy it with the original money

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February 22, 2017, 08:19:11 AM
 #106

I think  will only happen to pay for online !
In the real world, bitcoin don't as major currency, Imagine how cool it would be if you could pay on each transaction with Bitcoins,
But I believe many people will soon start receiving too
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February 22, 2017, 08:40:48 AM
 #107

I think online shopping will
be the next who will fully adapt
bitcoin.

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February 22, 2017, 08:52:15 AM
 #108

Bitcoins are not everywhere you are right about that, there is many more thing that has to be done before that happen. Bitcoin is not ready for mass adoption, with  block size, confirmation time, unstable fees that are going high without any announcement are just couple things that makes people nervous.
Look how much bitcoin made in less then 10 years of existence, for another 10 bitcoin will be much more then it is now, so patience my friends, I'm sure bitcoin will be fine.

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February 22, 2017, 08:54:59 AM
 #109

Think it will take a couple of years for Bitcoin to be used world wide and be accepted all across the markets. Right now, the products that you can buy is a bit limited to just electronics and digital good.  A few more thing can be bought but it's very selective. Hopefully by 2018 -2019, we get to be more retailers and distributors get involved with Btc. We have a part to play in that as well by educating the vendors about BTC.

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February 22, 2017, 10:11:04 AM
 #110

I think online shopping will
be the next who will fully adapt
bitcoin.

I guess, those who are totally technology enthusiast who have an online shopping can have the open mind to accept bitcoin as their payment yet it will be implemented if his onlone shop is world wide I guess, because locally it is not much introduced by the users.

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February 22, 2017, 11:17:23 AM
 #111

It seems like that certain food places already accept BTC. So I would imagine that anywhere within shopping region is where it would start and maybe eventually big companies would start accepting BTC. Its actually quite outstanding that something like this could come to a reality I would hope to see it too! I don't think much would change however it would all be the same business money first then product. Sure its a slight easier way to pull off a scam but it will get investigated more into being it a legitimate business.
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February 22, 2017, 11:30:24 AM
 #112

The local online shops will be the first one adapting this kind of things since it revolves in the internet.
I would not include gambling in everyday life so I think groceries and shops at malls will follow considering they dont want to lose in those online shops.
Gaming payments for mall items will also be included or applications that needs payment.
We can also add up our bills to be paid in the internet through bitcoin for convenience.

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February 22, 2017, 12:12:38 PM
 #113

yes the technolgy is still in early stage and not many people know about the technology and to spread awareness we bitcoin lover should refer our friends and family memebers to use the technology then we will have bitcoin everywhere


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February 22, 2017, 05:22:14 PM
 #114

Bitcoin not yet reach every where. Most of the people do not know about bitcoin. Some know  about this and do not know about its function. The people who know about this can spreed bitcoin. If something is advertised then only it will come for common use. 

I agree with you mate, we, the primary users of bitcoin must advertise or introduce this to other people, because even me I cannot see that bitcoin is everywhere, though the US already exposed the use of bitcoin publicly but then it is not that enough.

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February 22, 2017, 05:33:30 PM
 #115

Bitcoin not yet reach every where. Most of the people do not know about bitcoin. Some know  about this and do not know about its function. The people who know about this can spreed bitcoin. If something is advertised then only it will come for common use. 

I agree with you mate, we, the primary users of bitcoin must advertise or introduce this to other people, because even me I cannot see that bitcoin is everywhere, though the US already exposed the use of bitcoin publicly but then it is not that enough.

You know guys once we help this bitcoin to be known, we also get the benefits of this action
like if we introduce this to our friend, we do not know they might invest high amount of money to it and so the demand will rise together with its value.
Even small steps can make big difference.

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FasTroy
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February 22, 2017, 05:49:28 PM
 #116

Yes, I think one day bitcoin will be the major currency of future. Maybe after 10-20 years, As we see bitcoin price increase more and more day by day.
Nowadays, there is many gambling sites which accept bitcoin, or in general cryptocurrency, so the next step. I think it is online shopping. There is some site accept bitcoin like a method of payment. In the future maybe we can pay everything by bitcoin. for exemple in restaurents or real shops.

KuromaYoichi
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February 22, 2017, 06:09:08 PM
 #117

Most of the members consider bitcoin as major currency of future. Let us assume that it will be accomplished one day, but before that, I wonder which spheres of our everyday life will adapt bitcoin first?

Hmm, the first target will be online payment. Bitcoin is created as a digital currency so of course it should be a payment method, starting with online things. Then from the online section of the shop, they may add bitcoin payment for the "offline" section though this will need a lot of time.

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Roboabhishek
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February 22, 2017, 07:45:03 PM
 #118

It will take more than a year for people to use bitcoins I've seen many people still doesn't even know how to use bitcoins or how to use wallet or maybe they're afraid to loose money as bitcoin is digital currency you can't blame anyone if your bitcoin is lost so it will take some time.

To proof you wrong Cheesy
I started using bitcoin after 2-3 weeks when i knew about it.
But it varies for different people.
However you cannot predict 100% true

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February 22, 2017, 07:53:53 PM
 #119

Bitcoin for us everyday users of it has started to change and to shape our life differently. Now I don't go anymore to the store to buy PC games, also I don't go to the bookie of my neighborhood to place some bets or I don't use any FIAT online bookies which requires tons of documents. I buy everything that I need in my digital world with bitcoin.

Bitcoin will be the major currency of the future. Any institution (i.e banks) who will fight it are destined to lose. I have blind faith in bitcoin as it has improved my life a lot for real.
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February 22, 2017, 08:38:47 PM
 #120

Bitcoin technology has not been welcomed in other parts of the world as monetary regulators like the central bank don't want to lose control to it and resort to banning it. Security wings see bitcoins compromising a countries safety as it can be used to fund animal, human or drug traffickers making it difficult to track them. Unless a legal frame work is put in place to recognize it, more people will use it.

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