Doms
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June 20, 2017, 01:41:26 AM |
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We actually need more articles like this so that people would support bitcoin more for its usage as currency rather than solely an investment instrument. We always read about how the price has went up over the years, but news of wider adoption as currency has taken a backseat. It is good that Japan and Korea are warming up on bitcoin and more shops are starting to accept bitcoin as direct payment.
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Haxor321
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June 20, 2017, 02:58:43 AM |
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No i think t is not really hard to use bitcoin as a regular currency. Maybe at first it would be a little hard but as it goes on and takes time it would be easy for everyone to use bitcoin as a regular currency. Bitcoin someday will be one of the country's regular money currency and it will be known and will be used by many.
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voltesbit777
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June 20, 2017, 03:09:44 AM |
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Bitcoin fees have become too big now for day to day smaller transactions. I paid over ten dollars for a five hundred dollar value transaction and it took also twnety four hours plus to get through to the other side. So Bitcoin is only best used for bigger transactions in my view that is.
That's right! because if you are going to transact at small amount of bitcoin, it will be pain for you if you the transaction was 0.001 BTC to 0.0015 BTC minimum. But I don't agreed that bitcoin is hard to used, of course not it is still easy to use and convenient.
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Gastotade
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June 20, 2017, 03:15:54 AM |
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Bitcoin fees have become too big now for day to day smaller transactions. I paid over ten dollars for a five hundred dollar value transaction and it took also twnety four hours plus to get through to the other side. So Bitcoin is only best used for bigger transactions in my view that is.
That's right! because if you are going to transact at small amount of bitcoin, it will be pain for you if you the transaction was 0.001 BTC to 0.0015 BTC minimum. But I don't agreed that bitcoin is hard to used, of course not it is still easy to use and convenient. It's easy to uaed with cons , the delays and fee were quite alarming thats as much as possible we shouldn't made any transaction that too small or just have an alt to do some transactions instead of btc,but btc still good for saving in long run.
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JackTheReaper
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June 20, 2017, 03:24:06 AM |
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You see, that would be the reaction of the people who are new to Bitcoin. Since the announcement of Bitcoin and to be known by mass people in different countries they always has something to say about it. These people didn't understand what Bitcoin has gone through just to make it here for the past few years. Creating articles like these and complaining about Bitcoin, but didn't even knew what's its true potential.
Yes, its true that it is so hard to use it right now, its still new though and has lots of possibilities and potentials. What? Do you think, if government state that, "Aliens exists, they come in peace and they are already living with us right now", the people will not panic and doubt that Aliens really come in peace?
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Lorence.xD
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June 20, 2017, 03:54:24 AM |
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I think it is not hard to use bitcoin as a regular currency. Because bitcoin is an electronic money and i know that someday it will be known and will be use by many. And bitcoin has no difference with the atm that we have today. Bitcoin is helpful and bitcoin is safe so it can be a regular money currency.
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coynedterm
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June 20, 2017, 04:06:09 AM |
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I think it is not hard to use bitcoin as a regular currency. Because bitcoin is an electronic money and i know that someday it will be known and will be use by many. And bitcoin has no difference with the atm that we have today. Bitcoin is helpful and bitcoin is safe so it can be a regular money currency.
You will be surely true if you said these words 6 months ago ( I mean in the last year ) because currently the fee for the Bitcoin transaction is very high ( about 2-3$ minimum for per transaction which is also depends upon the input and output of the Bitcoin transaction that we made ) . So here this is really a tough decision whether to make buy or sell things with the 2-3$ extra payment or not because at one side we have the ease to use our money through the internet data and opposite of this we need to pay high fee as the extra spent of our money for the buy of very lower price things . So currently o don't think you are right . Op is saying true 100% . But I think in the future it at be possible for the people to make transaction fee free because of the idea of third party Bitcoin wallet where transfer of Bitcoin digit written only not of the actual transfer of Bitcoin ( wallet to wallet of third party ) .But I think we need more for such things because this type of service needed much better support and developer team .
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DOGE12321
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June 20, 2017, 04:31:24 AM |
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Yeah, this is true. But when you think about it, Bitcoin hasn't yet hit mainstream media attention, globally. If we take a look at Japan where Bitcoin has been accepted, I believe there would be many more vendors who accept Bitcoin. Not many people know about Bitcoin. That is the reason for the inability to use BTC as an everyday currency. For instance, if they had carried out this experiment in Japan, I believe that they would have had more success.
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Ekanenf
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June 20, 2017, 05:02:18 AM |
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We actually need more articles like this so that people would support bitcoin more for its usage as currency rather than solely an investment instrument. We always read about how the price has went up over the years, but news of wider adoption as currency has taken a backseat. It is good that Japan and Korea are warming up on bitcoin and more shops are starting to accept bitcoin as direct payment.
Most of the people are thinking that bitcoin is just for this "Investment" thingy that is needed to buy first, but they never know that they could earn it. Typical people are like this, they only know one thing, and they are narrow minded for the other things, and nowadays people are just ignoring bitcoin over fiat because they thought bitcoin was just a scam. And having this encouraging articles will help to promote and spread the news about bitcoin.
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SingAlong
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June 20, 2017, 05:52:39 AM |
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We actually need more articles like this so that people would support bitcoin more for its usage as currency rather than solely an investment instrument. We always read about how the price has went up over the years, but news of wider adoption as currency has taken a backseat. It is good that Japan and Korea are warming up on bitcoin and more shops are starting to accept bitcoin as direct payment.
Most of the people are thinking that bitcoin is just for this "Investment" thingy that is needed to buy first, but they never know that they could earn it. Typical people are like this, they only know one thing, and they are narrow minded for the other things, and nowadays people are just ignoring bitcoin over fiat because they thought bitcoin was just a scam. And having this encouraging articles will help to promote and spread the news about bitcoin. Aside from lack of awareness comes lack of knowledge or information regarding Bitcoin that hinders them to make a good use to this opportunity. A lot might think that it is just for investment but little do they know that it can also be earned that's why we need to release some educational article that tackles basic things regarding Bitcoin. Also even they do know it, the problem arises if they are not that open minded.
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squatz1
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June 20, 2017, 08:23:07 AM |
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Well, it's not like they're wrong when they say this stuff they're really just being truthful and honest which is something that's insanely tough to see from a MSM company which usually only cares for the clicks, views, watchers, subs and so on which they get for the shit that they put out and call NEWS.
Even if I will say Bitcoin is a currency, it's not one which is really accepted much out of this niche community which we have here. Don't get me wrong, others accept it but we're going to see a lot more people using Paypal and wanting to use paypal then use Bitcoin. This isn't due to superior tech or anything, it's because Bitcoin is a bit of a hassle for normal people to use cause they have to go through a lot of KYC regulations that the gov put on us.
So, yes it is hard to use btc as a reg currency.
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gamerfan
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June 20, 2017, 01:22:31 PM |
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More than hard, I'd say it's impossible right now...hoping things will change in the future!
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Harlot
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June 20, 2017, 01:28:44 PM |
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Yes that is right, a lot of people are taking advantage of the lack of acceptance of Bitcoin, especially Businesses that are related to Bitcoin to Fiat exchange 40% conversion rate is absolutely ridiculous because you are not receiving the real value of your Bitcoin, with that kind of rate you are better of selling your Bitcoin on your own for Fiat. Right now I don't see any point of buying gift card just for the sake of saying that my Bitcoin is useful in the real world.
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CODE200
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June 20, 2017, 01:44:53 PM |
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Yes that is right, a lot of people are taking advantage of the lack of acceptance of Bitcoin, especially Businesses that are related to Bitcoin to Fiat exchange 40% conversion rate is absolutely ridiculous because you are not receiving the real value of your Bitcoin, with that kind of rate you are better of selling your Bitcoin on your own for Fiat. Right now I don't see any point of buying gift card just for the sake of saying that my Bitcoin is useful in the real world.
The point are very well explained. Spending the bitcoin in real world is not that popular because the society that we are belong are not yet adopting rather it is only starting to adopt the bitcoin so In my point of view it is more efficient to exchange first the bitcoin into fiat before spending it.
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South Park
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June 20, 2017, 10:05:57 PM |
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Bitcoin has not been designated as a regular currency. It was designed to mimic gold, that is, more a store of value and for big transactions. Usage as regular currency is an accident. Also Bitcoin is too precious to be used as a currency, it is like using gold to pay stuff.
But if you want, there are credit cards that accept Bitcoin, if you want to use it as a currency.
Exactly, we must treat Bitcoin like an investment instead of wanting it to be a currency we can use digitally. Maybe in the future we can use altcoins with fast transactions and low fees as a currency instead, but seeing how Bitcoin is right now, high fees, slow transactions, I don't think Bitcoin can be a used regularly. Even I rarely touch my BTC because of the hideous fees. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) Which is as it should be, at the current state bitcoin is not a very good currency but it is a very good investment, so the best thing to do at the moment is to not move it much, if things are finally fixed then we could being to use bitcoin once again as a currency for all of those small things we would like to buy but that we are not able at the moment because of the fees.
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carlerha
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June 20, 2017, 10:58:06 PM Last edit: June 24, 2017, 02:53:32 AM by carlerha |
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Yeah, this is true. But when you think about it, Bitcoin hasn't yet hit mainstream media attention, globally. If we take a look at Japan where Bitcoin has been accepted, I believe there would be many more vendors who accept Bitcoin. Not many people know about Bitcoin. That is the reason for the inability to use BTC as an everyday currency. For instance, if they had carried out this experiment in Japan, I believe that they would have had more success.
yes that is right that it will take a lot of time, when all the people of the world will start using bitcoin. and after that we can expect that bitcoin will become regular currency and then we will become able to use bitcoin as regular currency. but currently in very few places and specially in such places where the bitcoin users are more in number may have some facilities to use bitcoin, otherwise in most of places people do not have such facilities.
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doomloop
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June 20, 2017, 11:02:35 PM |
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Does Bitcoin really needed to become a regular currency though? Why use it instead of other easier options like cash and credit cards. I honestly would only use Bitcoin if I had no other choice.
Bitcoin is much better than other currencies because of its increasing value is it is already going to its highest value range, soon it will become the most demanded currency as you can check in your own state bitcoin must be very famous much more than other cryptocurrencies, it is a digital currency easy to pay and very easy to submit whatever you want and where ever you want, you can pay online bill and can do a lot of shopping without even moving from your house so I guess Bitcoin is much more better than other currency.
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Gens09
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June 20, 2017, 11:06:42 PM |
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Bitcoin fees have become too big now for day to day smaller transactions. I paid over ten dollars for a five hundred dollar value transaction and it took also twnety four hours plus to get through to the other side. So Bitcoin is only best used for bigger transactions in my view that is.
I guess bitcoin fee is not really an issue i will still use bitcoin even it hasis a high fee because it is a good investment anyway but it is all becuase bitcoin is still not a currency and still in a process of becoming an a currency in the future so cant still buy in bitcoin.
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Shenzou
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June 20, 2017, 11:12:26 PM |
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over the course of time bitcoin have changed from being a currency that was supoosed to be used on the internet instead of credit cards and other payment methods, to becoming a type of investment that people use like gold, and since the price of bitcoin started going up it became less to see bitcoin used in regular purchses.
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equator
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June 20, 2017, 11:14:48 PM |
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over the course of time bitcoin have changed from being a currency that was supoosed to be used on the internet instead of credit cards and other payment methods, to becoming a type of investment that people use like gold, and since the price of bitcoin started going up it became less to see bitcoin used in regular purchses.
Not only that right now seeing the current transaction fees going high it is not possible to use bitcoin for small purchase and it can be used as investment purpose if this get solved then it will be good.
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