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Author Topic: Bitcoins Everywhere? Not yet...  (Read 7877 times)
royalfestus
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February 18, 2017, 06:35:40 AM
 #81

Maybe Bitcoin will not be dominant currency in the future because fiat will be not put of the throne but it will probably be much more adopted and spread then it is today, at first place in shopping and different online services. Maybe also in high technology and IT industry.
Most answers here will be speculative, However, considering the fact that no government will still not allow a decentralized virtual currency to control their local exchange. Some factors/purposes in the future will be unavoidable by govt about bitcoin or other new cryptocurrency. Factors/purposes that obviously fiat cant offer and they need. The interest will start with the first world countries down to the third


     
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February 18, 2017, 07:00:26 AM
 #82

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?
You can already see it happening and see which market niches are getting filled. Online gambling, porn sites (especially video chats), donations and charity, online stores, especially with software and electronics, street food. In the following years it will progress to most major online stores. I'd expect especially gaming platforms like steam and origin and online streaming (twitch) to go for it.

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February 18, 2017, 07:40:38 AM
 #83

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.

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February 18, 2017, 08:01:22 AM
 #84

Bitcoin right now getting more and more acceptance in online stores as well merchants around the world too have given importance to bitcoin as a payment portal. This could soon reach more common men which is important for further growth of bitcoin. Bitcoin needs more time to reach more population, because few in every country use it and its spread only through users involved in it. Spreading is not happening through ads or other promotion methods.

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February 18, 2017, 08:01:48 AM
 #85

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?
The one and the most obvious ,online transactions! You can see it clearly that it is already established as a threat to PayPal and other online wallets.Which if extended further can revolutionise they way we make payments,traditionally using debit cards can be replaced by bitcoin transactions.Our lives pretty much revolves around that,everything else is secondary.


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February 18, 2017, 08:21:53 AM
 #86

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?
people are currently converting the local currencies to bitcoin and used it to transfer fund from one country to another country. Online shop are also trying as you can easily buy something especially services for bitcoin. Though bitcoin is still far to be use as a mainstream currencies very soon maybe before 2020 this might happen.

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February 18, 2017, 08:24:58 AM
 #87

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?
The next thing for bitcoin to reach is to begin to become a real competition to paypal and eventually dominate the online payments sphere before it moves down to being everywhere, by that point it will be obvious that bitcoin will reach its goal.

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February 18, 2017, 08:30:00 AM
 #88

After online-payment sphere has been dominated by BTC,it will possibly reach every days stuff.. for example pay your coffee with btc at Starbucks
Or get your breakfast for some coins..
After that it will (hopefully) get accepted as payment for jobs.

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February 18, 2017, 11:07:36 AM
 #89

If we want to see bitcoin accepted everywhere we need to eliminate some problems first:

- there is no enough network capacity to process all transaction in case of major adoption spike
- using bitcoin is still problematic because you either need to use an exchange or will be limited to very few "direct buy" options
- bitcoin adoption is at the moment 99% online thing, how many brick and mortar businesses accepting  BTC do you know?

Up to a point I agree with you but there cities somewhere in the world where are so bitcoin friendly someone maybe could live without the need of fiat. This one is Arnhem in Netherlands. A more interested user can read this interesting topic in the forum
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February 18, 2017, 12:03:02 PM
 #90

After online-payment sphere has been dominated by BTC,it will possibly reach every days stuff.. for example pay your coffee with btc at Starbucks
Or get your breakfast for some coins..
After that it will (hopefully) get accepted as payment for jobs.
Yes, that day is going to happen very soon. I believe that it is too early for expecting bitcoins to be everywhere of our life's need.

We must give some time for bitcoin system to get established in terms of forming its infrastructure like grooming itself to scale equivalent to visa cards. Like many people view, bitcoin is still a kid of internet, we can not expect an adults performances.




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February 18, 2017, 12:19:57 PM
 #91

If we want to see bitcoin accepted everywhere we need to eliminate some problems first:

- there is no enough network capacity to process all transaction in case of major adoption spike
- using bitcoin is still problematic because you either need to use an exchange or will be limited to very few "direct buy" options
- bitcoin adoption is at the moment 99% online thing, how many brick and mortar businesses accepting  BTC do you know?

Up to a point I agree with you but there cities somewhere in the world where are so bitcoin friendly someone maybe could live without the need of fiat. This one is Arnhem in Netherlands. A more interested user can read this interesting topic in the forum
Wow its really amazing that there is a place on which you will just use bitcoin purely without the need of fiat. Hows that possible? Since we all know that its really hard to live without fiat since bitcoin isnt known all over the countries. This is great that theres a certain place which adoption of bitcoin is high.

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February 18, 2017, 12:28:00 PM
 #92

My new job gave me recently a card for buying everyday lunch.
It also has an app, so you can pay with the "credit" card or with the app.
But I found most of the restaurant prefer the use of the card instead of the app.
What made me think how hard it will be to convert to bitcoin. If it's so hard for them to accept money virtually from an app, it will be even harder when it comes to bitcoin.
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February 18, 2017, 12:51:45 PM
 #93

My new job gave me recently a card for buying everyday lunch.
It also has an app, so you can pay with the "credit" card or with the app.
But I found most of the restaurant prefer the use of the card instead of the app.
What made me think how hard it will be to convert to bitcoin. If it's so hard for them to accept money virtually from an app, it will be even harder when it comes to bitcoin.

It isn't hard. There are ATMs that can do that, exchanged can accept Bitcoin and so on. It's not hard at all but it's rather unpopular, so not many people are able to use it. And because it's hard to be used for now, many don't want to include it in their businesses.

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February 18, 2017, 01:04:47 PM
 #94

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

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February 18, 2017, 01:54:55 PM
 #95

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


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February 18, 2017, 02:04:49 PM
 #96

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?
Bitcoin is already successful coin but it is not everywhere yet there still countries that don't accept bitcoin and don't want this digital currency therefore bitcoin can be use to anyonline investment nowadays and also in trading to make profit. In next few years maybe bitcoin will be accepted in stores soon and will adopt into our economy.

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doomistake
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February 18, 2017, 04:09:06 PM
 #97

Maybe Bitcoin will not be dominant currency in the future because fiat will be not put of the throne but it will probably be much more adopted and spread then it is today, at first place in shopping and different online services. Maybe also in high technology and IT industry.
Most answers here will be speculative, However, considering the fact that no government will still not allow a decentralized virtual currency to control their local exchange. Some factors/purposes in the future will be unavoidable by govt about bitcoin or other new cryptocurrency. Factors/purposes that obviously fiat cant offer and they need. The interest will start with the first world countries down to the third

"Bitcoin everywhere" would not be that easy to happen because there are the Governments on the different countries around the world that won't allow that bitcoin could be use on all of the transaction that we are going to have on our daily lives, even though the majority of all the bitcoin users wants this to be happen, still the Government is our problem. In some countries, the Government sees bitcoin as a threat to them, because first, some of their people are using it in illegal activities like buying illegal stuffs online, like drugs and guns.

However, the chance of using bitcoin as the main currency is 60:40 in ratio, 60 percent of the population wants these to happen, and 40% are not sure about it, because not all of the people knows bitcoin.

virusasog
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February 18, 2017, 04:15:59 PM
 #98

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.
hisuka
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February 18, 2017, 04:26:56 PM
 #99

The truth is bitcoin is not everywhere yet, because some people here doesnt know bitcoin. Not all people knows about bitcoin. There is a need to spread bitcoin of what its use and its function. Thus, so anyone can easily adopt bitcoin really.


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Altas
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February 18, 2017, 04:34:45 PM
 #100

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. 

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