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Author Topic: As long as you convert your crypto to fiat, we will never go mass adoption  (Read 480 times)
revCrypto (OP)
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January 31, 2018, 09:28:52 AM
Merited by d5000 (1), Kemarit (1), BrewMaster (1)
 #1

People! please don't look at crypto as an ez money maker, and please don't convert to fiat, I would suggest to USE it rather than spend it.
The next time you pay for something, always encourage them to accept crypto. If they refuse, then so be it, but what you're doing is the effort so that many people will hear about it, and maybe the next time someone asked them to receive payment through crypto, maybe they will change their mind and try it.

This is how your transfer the market cap from fiat to blockchain and this is how you realize true gain, your 10 coins valued at let's say 100$ can go to the moon if more people would switch to crypto.
Please please please, we want a future with just peer to peer txion, F the middle man!
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January 31, 2018, 03:44:01 PM
 #2

People! please don't look at crypto as an ez money maker, and please don't convert to fiat, I would suggest to USE it rather than spend it.
The next time you pay for something, always encourage them to accept crypto. If they refuse, then so be it, but what you're doing is the effort so that many people will hear about it, and maybe the next time someone asked them to receive payment through crypto, maybe they will change their mind and try it.

This is how your transfer the market cap from fiat to blockchain and this is how you realize true gain, your 10 coins valued at let's say 100$ can go to the moon if more people would switch to crypto.
Please please please, we want a future with just peer to peer txion, F the middle man!

You're right in saying that the push for adoption will come from the ground level upwards but at the same time right now that's not really an option. Most places won't even have a clue aside from bitcoin and right now bitcoin is not feasible to be used as a payment option due to fees and speed.

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January 31, 2018, 04:23:55 PM
 #3

Last year I thought that bitcoin will change. I believed that segwit2x will be supported and bitcoin will get a chance to become currency. Probably thought so many users. This drove the price of bitcoin up. But after it was announced that this will not happen, we saw the price drop. Now I still keep my coins, but I do not believe that it will happen. I think there was a coup. Bitcoin will forever be an asset to store their funds. Perhaps the currency will use bch.
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January 31, 2018, 04:41:19 PM
 #4

People! please don't look at crypto as an ez money maker, and please don't convert to fiat, I would suggest to USE it rather than spend it.
The next time you pay for something, always encourage them to accept crypto. If they refuse, then so be it, but what you're doing is the effort so that many people will hear about it, and maybe the next time someone asked them to receive payment through crypto, maybe they will change their mind and try it.

This is how your transfer the market cap from fiat to blockchain and this is how you realize true gain, your 10 coins valued at let's say 100$ can go to the moon if more people would switch to crypto.
Please please please, we want a future with just peer to peer txion, F the middle man!


look op, most of the people here are in for the quick buck. this is the sad truth. and even when someone wants to be noble about cryptos, if they will have to choose between their personal needs together with their own family's needs and being noble and loyal with cryptos, i think everyone will pretty much choose themselves or their families first. because clearly, cryptos are that widely accepted yet. plus the fact that some of the coins or ICOs nowadays are totally not worth holding for too long because they are completely pump and dump schemes and even if not, weak handed people won't be able to handle the pressure even with just a small drop in price.

this is the sad reality that we cannot control. the only thing we can really do is to actually do what we really think is right and only care about things that we can control rather than stress ourselves with matters that are completely out of our hands.
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January 31, 2018, 05:14:15 PM
 #5

People! please don't look at crypto as an ez money maker, and please don't convert to fiat, I would suggest to USE it rather than spend it.
The next time you pay for something, always encourage them to accept crypto. If they refuse, then so be it, but what you're doing is the effort so that many people will hear about it, and maybe the next time someone asked them to receive payment through crypto, maybe they will change their mind and try it.

This is how your transfer the market cap from fiat to blockchain and this is how you realize true gain, your 10 coins valued at let's say 100$ can go to the moon if more people would switch to crypto.
Please please please, we want a future with just peer to peer txion, F the middle man!
Spreading awareness about bitcoin or any other altcoins in the market isnt really bad even on small contributions would really mean a lot towards adoption but the sad fact that not all people that has been told would easily believe or would rather neglect or refuse such thing which is normal because not all are not into something which isnt really backed by the government.This is the sad truth and we must face it.

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January 31, 2018, 05:18:50 PM
 #6

People! please don't look at crypto as an ez money maker, and please don't convert to fiat, I would suggest to USE it rather than spend it.
The next time you pay for something, always encourage them to accept crypto. If they refuse, then so be it, but what you're doing is the effort so that many people will hear about it, and maybe the next time someone asked them to receive payment through crypto, maybe they will change their mind and try it.

This is how your transfer the market cap from fiat to blockchain and this is how you realize true gain, your 10 coins valued at let's say 100$ can go to the moon if more people would switch to crypto.
Please please please, we want a future with just peer to peer txion, F the middle man!
I have reason along this line too and I think we should keep our financial assets in bitcoin for it to actually look like money and make serious sense when approaching those that may like to use bitcoin as a mode of payment for goods and services. I have been saying that until we treat bitcoin as money we may not see it been adopted.
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January 31, 2018, 05:39:26 PM
 #7

People! please don't look at crypto as an ez money maker, and please don't convert to fiat, I would suggest to USE it rather than spend it.
The next time you pay for something, always encourage them to accept crypto. If they refuse, then so be it, but what you're doing is the effort so that many people will hear about it, and maybe the next time someone asked them to receive payment through crypto, maybe they will change their mind and try it.

This is how your transfer the market cap from fiat to blockchain and this is how you realize true gain, your 10 coins valued at let's say 100$ can go to the moon if more people would switch to crypto.
Please please please, we want a future with just peer to peer txion, F the middle man!

This is how Satoshi design bitcoin, P2P, eliminating the F***ing middle man, and use as micro payment scheme.

Sadly though, bitcoin turns into a investment platform defeating the design and the purpose of bitcoin. I really hope that one day we can see it used as micro payment, but I doubt it will happen in the future because the price has skyrocketed already. And we still have the scalablity issues that has been bothering us for the last 2 years or so.

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January 31, 2018, 05:45:31 PM
 #8

It's impossible, many Bitcoin enthusiasts need to deal in their daily lives with people that don't know what Bitcoin is. Most places don't accept it and won't accept it so fast like we would like. It's not a problem at all, in the future many stores will accept it, we are just in the middle of the process, it's not the right time yet to have most stores accepting Bitcoin as payment method. Everything is happening on its right time...

 
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January 31, 2018, 05:57:15 PM
Merited by kimochidesh (1)
 #9

People! please don't look at crypto as an ez money maker, and please don't convert to fiat, I would suggest to USE it rather than spend it.
The next time you pay for something, always encourage them to accept crypto. If they refuse, then so be it, but what you're doing is the effort so that many people will hear about it, and maybe the next time someone asked them to receive payment through crypto, maybe they will change their mind and try it.

This is how your transfer the market cap from fiat to blockchain and this is how you realize true gain, your 10 coins valued at let's say 100$ can go to the moon if more people would switch to crypto.
Please please please, we want a future with just peer to peer txion, F the middle man!
I really respect your idea regarding making crypto involved in daily transactions but here are two major problems involved in carrying out such ventures. They are
1. NO single crypto universally acceptable: Lets face it we still don't know which currency will win the race to being accepted as global currency. People saw bitcoin as the mark but due to its own inherited problems it is losing its charm. So people need a single answer. If I want to give you litecoin but you accept ethereum then we are back to the ancient times of barter system where we want coincidence of wants.

2. NO government support. Let's make it pretty clear no matter how much we boast off about our decentralization there is no way we can escape from the authorities. They will reach to us one way or the other. So until and unless governments start to accept these crypto as legal tender people will never make a mass adoption with a fear of getting busted like in some countries btc is illegal.
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January 31, 2018, 06:12:31 PM
Last edit: February 02, 2018, 02:14:21 AM by HasHe
 #10

That's what bitcoin was created for by satoshi to avoid banking system for transactions.But every one wants to save it as a precious asset and not to spend it thereby not allowing it to circulate.

By this way,bitcoin has lost the chance of getting in to the main stream of circulation. But we should do our contribution to the crypto world by at least insisting traders to accept cryptos for payment which may lead to P2P payments at least in future getting the middle man fucked.                   

But for our efforts to succeed, transaction issues has to be solved first.
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January 31, 2018, 06:19:27 PM
 #11


Bitcoin had good potential in the cryptocurrency.So the bitcoin will replace the dollar very soon.If it's happen means, bitcoin will replace the entire FIAT system.Never lose your hope.Now we are using bitcoin after converting into FIAT.In future ,such situations will not occur.

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January 31, 2018, 06:21:31 PM
Merited by kryptqnick (4)
 #12

Not only do I completely agree with your sentiment but I am now going to go one step further and begin discussing cryptocurrencies with individuals I don't know because the power is there we just need to educate individuals. I have also begun spending my cryptos and 2018 onward I don't want to ever cash out crypto as I think that defeats the purpose of what we are doing here.

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January 31, 2018, 06:35:20 PM
 #13

Well we can at least start with this one but I think it will take very broad mentality of the opposite party who may accept the fact. I mean it could happen that people may not entertain you in proper way and we will feel very dumb at that time. I’m not saying we shouldn’t try but in many countries people are not open to new ideas, such as Asian countries. This could be applied to developed countries where people are always open for new ideas and can even try out things immediately. This would be good approach I guess.

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January 31, 2018, 06:43:30 PM
 #14

Thanks, you had awakened me. Starting today, I'll let it stay there without turning it into paper money.

What you say is something right, just mass adoption or bulk buy that can fix it, and make a positive speculation about bitcoin anywhere, so that people believe in crypto.

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January 31, 2018, 06:44:43 PM
 #15

It's impossible, many Bitcoin enthusiasts need to deal in their daily lives with people that don't know what Bitcoin is. Most places don't accept it and won't accept it so fast like we would like. It's not a problem at all, in the future many stores will accept it, we are just in the middle of the process, it's not the right time yet to have most stores accepting Bitcoin as payment method. Everything is happening on its right time...
Stores will not accept bitcoins. You finished half a day to spend in the store waiting for the confirmation of your purchase? According to statistics people are doing in stores most small purchases. Are you willing to pay 10-50% of purchase cost per transaction? After this problem will be solved by the sellers themselves will be interested in taking payment in bitcoin. Now this is not interested neither the sellers nor the buyers.
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January 31, 2018, 07:32:45 PM
 #16


The next time you pay for something, always encourage them to accept crypto.
This is how your transfer the market cap from fiat to blockchain and this is how you realize true gain, your 10 coins valued at let's say 100$ can go to the moon if more people would switch to crypto.

I believe the two lines above are a bit inconsistent. For people to help cryptos become massively adopted asking people to accept coins as payment is sort of a good idea, but, like you said, they should not convert it into fiat. If they don't then they should not really care how much in fiat do they have in each moment of time. 1 btc is always 1 btc regardless to whether it is worth $600 or $6k, right? Only with such an attitude cryptos can really replace the fiat. You, on the other hand, say that making people adopt the coins will help them to moon (and you give a sum in usd to prove your point), so it's still about converting stuff to fiat eventually.

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January 31, 2018, 08:20:39 PM
 #17

People! please don't look at crypto as an ez money maker, and please don't convert to fiat, I would suggest to USE it rather than spend it.
The next time you pay for something, always encourage them to accept crypto. If they refuse, then so be it, but what you're doing is the effort so that many people will hear about it, and maybe the next time someone asked them to receive payment through crypto, maybe they will change their mind and try it.

This is how your transfer the market cap from fiat to blockchain and this is how you realize true gain, your 10 coins valued at let's say 100$ can go to the moon if more people would switch to crypto.
Please please please, we want a future with just peer to peer txion, F the middle man!

What I see here is someone fully committed to the goal and founding principle of what bitcoin is all about which I see that its good as we have more and more people coming into the crypto currency market, but less people interested in the real growth of bitcoin as they are more concerned on how I can buy at $10000 and sell at $20,000 but at the same time, we can only suggest to people using bitcoin but we cannot force them to use that crypto currency.

You made mention that if they refuse so be it but you didn't talk the need at that point should you then go ahead to convert to fiat or just call them bluff and forget about what you want to buy? The most thing we also have to consider is that even as much as we want to encourage businesses to accept, how do we control the resources they need to make that a reality? or how do we guarantee they won't make a loss by doing that considering the volatility that surrounds the industry.
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January 31, 2018, 08:56:18 PM
 #18

That's how many people first heard about bitcoins though. Remember the rally to $20,000? People be like "Oh yeah, I also invested so I can get good profits". (Jokes on them it's just at $9,900 now).

Whether we like it or not, profit is the main motivation for a lot of people to enter into bitcoins. We still just haven't reached that step where it's adopted for a lot of our daily use. Sure I do pay bills through an exchange, but they'd also convert it to fiat first.
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January 31, 2018, 09:09:18 PM
 #19

People see bitcoin as more of a money doubling system than a currency. Moreover, in emerging economies, you have a large number of problems that will hinder its adoption for day to day usage as medium of exchange. Problems such as bad internet connection, lack of access to computer devices and cheif of all illiteracy. Even bitcoin itself has a problem of congestion and excessive fees.
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January 31, 2018, 09:30:22 PM
 #20

It is good to encourage people to use cryptocurrencies, your idea is good, but right now, it can't be done. The main paying method is paying with FIAT, and we can not escape that. We can only try to find people that think like we do and try to get together in order to make an impact on the global level. Social media is a good way, news, masses and pettitions.. We will find a way eventually, I am sure.
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January 31, 2018, 09:38:52 PM
 #21

It's impossible, many Bitcoin enthusiasts need to deal in their daily lives with people that don't know what Bitcoin is. Most places don't accept it and won't accept it so fast like we would like. It's not a problem at all, in the future many stores will accept it, we are just in the middle of the process, it's not the right time yet to have most stores accepting Bitcoin as payment method. Everything is happening on its right time...
Stores will not accept bitcoins. You finished half a day to spend in the store waiting for the confirmation of your purchase? According to statistics people are doing in stores most small purchases. Are you willing to pay 10-50% of purchase cost per transaction? After this problem will be solved by the sellers themselves will be interested in taking payment in bitcoin. Now this is not interested neither the sellers nor the buyers.

That is why stores won't accept Bitcoin as payment soon. But it doesn't mean these issues will remain forever. The confirmation time and high fees issues aren't impossible to be solved as technology advances and become more powerful and intelligent. I agree with you, for now it's not interesting for buyers, neither for sellers, so as I said on the first post: Mass adoption at this moment is impossible.

 
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January 31, 2018, 11:39:40 PM
 #22

It's impossible, many Bitcoin enthusiasts need to deal in their daily lives with people that don't know what Bitcoin is. Most places don't accept it and won't accept it so fast like we would like. It's not a problem at all, in the future many stores will accept it, we are just in the middle of the process, it's not the right time yet to have most stores accepting Bitcoin as payment method. Everything is happening on its right time...
Stores will not accept bitcoins. You finished half a day to spend in the store waiting for the confirmation of your purchase? According to statistics people are doing in stores most small purchases. Are you willing to pay 10-50% of purchase cost per transaction? After this problem will be solved by the sellers themselves will be interested in taking payment in bitcoin. Now this is not interested neither the sellers nor the buyers.
These are some problems which making it hard for the people to use their bitcoin directly for shopping and trading purposes, and not to convert it in to fiat currency, i think that if such problems will solve then it will become easy for the people to use bitcoin for shopping in their shops where the shopkeepers will happily accept bitcoin for shopping.
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February 01, 2018, 01:30:26 AM
 #23

You really need to cash out at some point. In some countries, you can't pay bills with crypto, buy groceries with it or pay for other daily necessities. What should those people do then? Photosynthesize?
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February 01, 2018, 01:53:01 AM
 #24

People! please don't look at crypto as an ez money maker, and please don't convert to fiat, I would suggest to USE it rather than spend it.
The next time you pay for something, always encourage them to accept crypto. If they refuse, then so be it, but what you're doing is the effort so that many people will hear about it, and maybe the next time someone asked them to receive payment through crypto, maybe they will change their mind and try it.

This is how your transfer the market cap from fiat to blockchain and this is how you realize true gain, your 10 coins valued at let's say 100$ can go to the moon if more people would switch to crypto.
Please please please, we want a future with just peer to peer txion, F the middle man!
But the real fact is people use crypto for easy money multiplier like traders, developers who creates a cryptocurrency and conducting an ICOs this is the fastest ways to create money not for the purpose of mass adoptation you cannot control people from converting it into fiat this is part of the ecosystem let the world adopt it naturally not for now but it will in the nearest future.   

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February 01, 2018, 03:39:50 AM
 #25

People! please don't look at crypto as an ez money maker, and please don't convert to fiat, I would suggest to USE it rather than spend it.
The next time you pay for something, always encourage them to accept crypto. If they refuse, then so be it, but what you're doing is the effort so that many people will hear about it, and maybe the next time someone asked them to receive payment through crypto, maybe they will change their mind and try it.

This is how your transfer the market cap from fiat to blockchain and this is how you realize true gain, your 10 coins valued at let's say 100$ can go to the moon if more people would switch to crypto.
Please please please, we want a future with just peer to peer txion, F the middle man!
Acceptance of bitcoin as a means of payment is a problem. Not all business institutions recognizes bitcoin. Another thing is the availability of cash on hand, that is why a lot is selling there holdings and converting it to cash.
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February 01, 2018, 05:10:55 AM
 #26

So that was mass adaption. That's a good way to recruit,
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February 01, 2018, 06:58:54 AM
 #27

Many people see crypto currency as an investment rather than currency so they are converting once they got enough profits.But you are right we need to use crypto as crypto for the healty future of crypto currency but still we can't use crypto as a direct payment in our day to day life.Only some well developed cities may accepts bitcoins but in my country I can't buy anything with crypto currency so I need to convert it into fiat if I want to use it.
Still we are in the early stages of crypto currency system like less than a year buy fiat system is in use for many centuries so it needs some more decades to adopt to the mass adoption.
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February 01, 2018, 07:20:18 AM
 #28

People! please don't look at crypto as an ez money maker, and please don't convert to fiat, I would suggest to USE it rather than spend it.
The next time you pay for something, always encourage them to accept crypto. If they refuse, then so be it, but what you're doing is the effort so that many people will hear about it, and maybe the next time someone asked them to receive payment through crypto, maybe they will change their mind and try it.

This is how your transfer the market cap from fiat to blockchain and this is how you realize true gain, your 10 coins valued at let's say 100$ can go to the moon if more people would switch to crypto.
Please please please, we want a future with just peer to peer txion, F the middle man!
You're talking about dont convert to flat, its a good thing if there are lots of people already accepting bitcoin as currencies while nowadays we can see government start banning them and there are only a few that accept bitcoin as payment other than online payment and shopping. If they refuse to accept crypto for payment while you are the one who really needs the item, then i dont think you can refuse paying with flat, its just bullshit. I think the best way for us is to promote cryptocurrencies through social media, its the easiest way and the cheapest too.
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February 01, 2018, 07:23:47 AM
 #29

good points in the OP but there are a couple of things missing.
first thing is the volatility and that always leads to more investors instead of more users (spenders). because when you see what you bought can be worth a lot more in a month, you automatically will start preferring to hold instead of spend. so we kind of need a lot more adoption so that more stability is achieved so we can have less investors and more spenders.

second thing is the fees. for the past 2 months the bitcoin transaction fees were high and that throws people off of wanting to spend. at some point only investors will remain if the fees go back up (right now it is back down to lower level but not quite there yet). and also eventually investors will go away if the fees remain high and there is no spender left.

and finally since OP is saying crypto not bitcoin only, i have to add most altcoins are junk and you can't expect anyone to even think about spending junk! there are lots of bugs, lots of issues and a lot of headache for most of them to be adopted.

There is a FOMO brewing...
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February 02, 2018, 04:57:21 AM
 #30

It's impossible, many Bitcoin enthusiasts need to deal in their daily lives with people that don't know what Bitcoin is. Most places don't accept it and won't accept it so fast like we would like. It's not a problem at all, in the future many stores will accept it, we are just in the middle of the process, it's not the right time yet to have most stores accepting Bitcoin as payment method. Everything is happening on its right time...
Stores will not accept bitcoins. You finished half a day to spend in the store waiting for the confirmation of your purchase? According to statistics people are doing in stores most small purchases. Are you willing to pay 10-50% of purchase cost per transaction? After this problem will be solved by the sellers themselves will be interested in taking payment in bitcoin. Now this is not interested neither the sellers nor the buyers.

Unfortunately this is the truth. That is why people convert their Bitcoins and altcoins into fiat money. What will you do with your crypto when you are not online and internet is not available? Paper money is still in power.
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February 02, 2018, 05:12:19 AM
 #31

People! please don't look at crypto as an ez money maker, and please don't convert to fiat, I would suggest to USE it rather than spend it.
The next time you pay for something, always encourage them to accept crypto. If they refuse, then so be it, but what you're doing is the effort so that many people will hear about it, and maybe the next time someone asked them to receive payment through crypto, maybe they will change their mind and try it.

This is how your transfer the market cap from fiat to blockchain and this is how you realize true gain, your 10 coins valued at let's say 100$ can go to the moon if more people would switch to crypto.
Please please please, we want a future with just peer to peer txion, F the middle man!
I think it really doesn't matter on how much Bitcoin we have on our wallet or whatever we are doing with it either cash it out, hold or even spend it but the thing is we should let our family, relatives, and friends aware about the potential of Bitcoin in this computer age most especially in the near future. That is how adoptation works and if more and more people are going into Bitcoin it will make the crypto community even more stronger as before. As we all know that cryptocurrency is a community driven asset adoption is very important that is why we need to educate others for them to have financial freedom too.



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February 02, 2018, 05:19:31 AM
 #32

These things are too difficult, especially when it involves governments. If people start leaning towards crypto, they have the manipulation power to ruin it. Not just that, they have the will. It's too easy for the elite to manipulate cryptos. They'll say they're going to ban it, people start selling it, and they buy up all the cheap coin.
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February 02, 2018, 05:23:07 AM
 #33

Not only do I completely agree with your sentiment but I am now going to go one step further and begin discussing cryptocurrencies with individuals I don't know because the power is there we just need to educate individuals. I have also begun spending my cryptos and 2018 onward I don't want to ever cash out crypto as I think that defeats the purpose of what we are doing here.

Take my advice, I don't think it's wise to talk money matters with strangers. Maybe it's because I live in a big city, but you will eventually become a target.
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February 02, 2018, 05:51:12 AM
 #34

People! please don't look at crypto as an ez money maker, and please don't convert to fiat, I would suggest to USE it rather than spend it.
The next time you pay for something, always encourage them to accept crypto. If they refuse, then so be it, but what you're doing is the effort so that many people will hear about it, and maybe the next time someone asked them to receive payment through crypto, maybe they will change their mind and try it.

This is how your transfer the market cap from fiat to blockchain and this is how you realize true gain, your 10 coins valued at let's say 100$ can go to the moon if more people would switch to crypto.
Please please please, we want a future with just peer to peer txion, F the middle man!
Well yeah! Actually this is a good idea, I mean it doesn't hurt to ask the shopkeeper whether he accepts bitcoin or not, at least it will send a message to their subconscious mind about bitcoin and if they are curious enough then they might take steps to accept cryptocurrency on their shop which will directly help the mass adaption.
But then also they would have to go to exchanges to get fiat in exchange for bitcoins as there are only a handful places that accept cryptocurrencies, so right now the most important thing is to make the people aware about such things.
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February 02, 2018, 05:53:13 AM
 #35

Blockchain technology will be incorporated into things that are profitable no matter what. This is the true gain from Bitcoin, not actually Bitcoin itself. Bitcoin is pretty useless, and more of a gimmick than anything else right now. It doesn't solve any problems now. So I've cashed out a bit, fortunately before this correction. Might buy back in when I feel the market is recovering, but right now I'm sitting tight with my Fiat. Might even buy something.

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February 02, 2018, 06:23:04 AM
 #36

People! please don't look at crypto as an ez money maker, and please don't convert to fiat, I would suggest to USE it rather than spend it.
The next time you pay for something, always encourage them to accept crypto. If they refuse, then so be it, but what you're doing is the effort so that many people will hear about it, and maybe the next time someone asked them to receive payment through crypto, maybe they will change their mind and try it.

This is how your transfer the market cap from fiat to blockchain and this is how you realize true gain, your 10 coins valued at let's say 100$ can go to the moon if more people would switch to crypto.
Please please please, we want a future with just peer to peer txion, F the middle man!

Truely, information is the key. Getting more people informed about the world of cryptocurrency is the way to go. If we preach it more and more, though some will reject it as the gospel was and is rejected but few some would also be converted into it- "for many were called but few were  chosen", with time we are going to make the needed impact.

Lets keep reaching out, each one tell all. Not quite long I got to know about it myself.
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February 02, 2018, 06:40:44 AM
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 #37

All crypto are only source by converting into real paper money, because as of this moment, all kinds of cryptocurrencies are not controlled by government, and the real paper money are own and made by government which is legalize. In cryptocurrencies, they are not legally accepted in all institutions, thats why a lot people are converted their crypto assets or profits into real paper money for the purpose that the real money can easily buy some goods and products, although crypto like bitcoin is acceptable in some institutions but not totally all unlike the real paper money. I know that there are many people interested in bitcoin and I'm one that, it is because of the higher value compared to any currency.

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February 02, 2018, 08:22:16 AM
 #38

All crypto are only source by converting into real paper money, because as of this moment, all kinds of cryptocurrencies are not controlled by government, and the real paper money are own and made by government which is legalize. In cryptocurrencies, they are not legally accepted in all institutions, thats why a lot people are converted their crypto assets or profits into real paper money for the purpose that the real money can easily buy some goods and products, although crypto like bitcoin is acceptable in some institutions but not totally all unlike the real paper money. I know that there are many people interested in bitcoin and I'm one that, it is because of the higher value compared to any currency.

And we can't stop people from converting their cryptos to real money as we all know there's limitation on using them and everyone has their own financial needs. Maybe we can still achieve mass adoption in other ways like legalizing or accepting the cryptocurrency by the government because honestly it's the mainstream now of all of these sudden dump.
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February 28, 2018, 03:58:06 PM
 #39

People! please don't look at crypto as an ez money maker, and please don't convert to fiat, I would suggest to USE it rather than spend it.
The next time you pay for something, always encourage them to accept crypto. If they refuse, then so be it, but what you're doing is the effort so that many people will hear about it, and maybe the next time someone asked them to receive payment through crypto, maybe they will change their mind and try it.

This is how your transfer the market cap from fiat to blockchain and this is how you realize true gain, your 10 coins valued at let's say 100$ can go to the moon if more people would switch to crypto.
Please please please, we want a future with just peer to peer txion, F the middle man!

It is applicable to those who does not in need. Holding the coins until it reach the top in crypto. Until such time that it will circulate in the world. But not all have a huge money, honestly, more participants here are from poor country.
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February 28, 2018, 04:04:21 PM
 #40

People! please don't look at crypto as an ez money maker, and please don't convert to fiat, I would suggest to USE it rather than spend it.
The next time you pay for something, always encourage them to accept crypto. If they refuse, then so be it, but what you're doing is the effort so that many people will hear about it, and maybe the next time someone asked them to receive payment through crypto, maybe they will change their mind and try it.

This is how your transfer the market cap from fiat to blockchain and this is how you realize true gain, your 10 coins valued at let's say 100$ can go to the moon if more people would switch to crypto.
Please please please, we want a future with just peer to peer txion, F the middle man!
I think it's a stupid strategy. Any money brings income only when they have turnover. You offer to collect bitcoins. This can only have a short-term effect. Only a constant turnover of coins can stimulate the growth of bitcoin's popularity. This will push the price up. Your proposal to make a bubble out of bitcoin is wrong.
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February 28, 2018, 04:25:42 PM
 #41

That's all well and good but the problem is that bitcoin is not yet adopted as a global payment it is still in the process of being recognized by an average joe who doesn't have any knowledge about crypto currency. So in order liquidate and use our crypto currency we need to convert it in fiat.

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February 28, 2018, 04:34:55 PM
 #42

That's all well and good but the problem is that bitcoin is not yet adopted as a global payment it is still in the process of being recognized by an average joe who doesn't have any knowledge about crypto currency. So in order liquidate and use our crypto currency we need to convert it in fiat.

Somewhat true. I think the main reason is we are not able to use the crypto currency with full fledge in the world. Neither we have any online use of it (everywhere in the world) nor we can use it offline for daily life. So what most of the people are doing is to get it converted to the fiat currency and then go happy about it! Thats the trend now and I think no one is strong enough to hold it forever like that. If they have to cash it out then they will for their needs and support as I do myself!  Wink
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February 28, 2018, 04:35:11 PM
 #43

I appreciate your enthusiasm and support to cryptocurrency but I don't think your argument is valid. What if you are in a restaurant where you will now pay a bill and  you later find out Bitcoin is not accepted? Simply refusing won't change the fact that you still need to pay for your food. I know it is putting us in a hard position but converting Bitcoin to Fiat is one of the easiest fix out their. We just need to be patient as even the business establishments are noticing Bitcoin as a mode of payment.
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February 28, 2018, 06:03:22 PM
 #44

I agreed with you, but problem that most of business owners just don't know or understand what is bitcoin, and how to explaine them that bitcoin is an kind of money, all what they want just sell their product and get profit, I'm even sure that if they will start accept bitcoin, it won't help a lot, since they will exchange it to fiat after every "circle".
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March 17, 2018, 08:04:24 PM
 #45

Thats not the way to force someone to accept btcs for use. If they dont wanna use who are you to force?
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March 17, 2018, 08:48:11 PM
 #46

You have a good idea and just like most of us know that mass adoption is one key solution to fud and negativity but the digital system is not yet mature for such practice. Transaction to be paid with cryptocurrency for a product of a dollar is rather impossible "for now".
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March 17, 2018, 10:41:37 PM
 #47

People! please don't look at crypto as an ez money maker, and please don't convert to fiat, I would suggest to USE it rather than spend it.
The next time you pay for something, always encourage them to accept crypto. If they refuse, then so be it, but what you're doing is the effort so that many people will hear about it, and maybe the next time someone asked them to receive payment through crypto, maybe they will change their mind and try it.

This is how your transfer the market cap from fiat to blockchain and this is how you realize true gain, your 10 coins valued at let's say 100$ can go to the moon if more people would switch to crypto.
Please please please, we want a future with just peer to peer txion, F the middle man!
You are right, but at the same time it is going to be impossible to enforce, bitcoin is supposed to give you freedom to do whatever you want with your money without interference, this means that if most people want to exchange their bitcoin for fiat at they can do so, one of the possibilities in which I see bitcoin gaining huge adoption to the point that you can use it everywhere will be very with a huge economic crisis.

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March 17, 2018, 10:46:43 PM
 #48

Well how can there be "adoption" of bitcoin if 90% of the people are holding it for longer terms without even spending it or slightly spending it sometimes. That's what's turning btc into an asset and it will most likely remain as one.

Need some spare btc for a new PC that can at least run Adobe Dreamweaver.

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March 17, 2018, 10:59:14 PM
 #49

the idea sounds good, and I really hope that this could happen in the near future, but as of now it is still seems farther than expected.everytime prices crashes, people starts to panic Cool and still many people are still not educated about bitcoin , as for me just HODL ´till the end.
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March 18, 2018, 04:01:24 AM
 #50

its better to let them not accept bitcoins because they are well aware of its nature and volatility
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March 18, 2018, 07:34:31 PM
 #51

Yes pls dont try to do that pls. As much as you can transact in the terms of btcs only please
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March 19, 2018, 01:26:25 AM
 #52

I would rather pay with fiats because i think fiat transaction is much better due to its dual way flow Smiley
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March 19, 2018, 01:38:51 AM
 #53

I want to use bitcoin as what it was suppose to be as a currency but there are just so many limitations because most of what we needed are payable in fiat currency only so we are forced to convert it. Eventually bitcoin would be use by most people but fiat is here so stay and co-exist with cryptocurrencies because we cannot totally shift to cryptocurrency since there is a limitation as well in the technology. Maybe in a hundred years when all are developed and involve in technology then we can shift exclusively to online money but for now it is highly unlikely. It would just be a gradual change.

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March 19, 2018, 02:41:48 AM
 #54

I don't think that the cause of negative total mass adoption of cryptocurrency reflects on converting crypto into fiat. For me, how can be a cryptocurrency become useful if there's no need to convert it into fiat. Is there any direct establishment accept cryptocurrency in your country for changing goods and products? Maybe majority would say no. Like for example time will come that cryptocurrency will not be acceptable as convertible into money, is cryptocurrency become useful? The reason why cryptocurrency become popular because of their quality that highly valuable compare to any kinds of money, and having high value when converted into money, that's why cryptocurrency is an instrument to make money. And how can investors and workers survive if cryptocurrency would not use as instrument of making money.

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March 19, 2018, 02:55:33 AM
 #55

People! please don't look at crypto as an ez money maker, and please don't convert to fiat, I would suggest to USE it rather than spend it.
The next time you pay for something, always encourage them to accept crypto. If they refuse, then so be it, but what you're doing is the effort so that many people will hear about it, and maybe the next time someone asked them to receive payment through crypto, maybe they will change their mind and try it.

This is how your transfer the market cap from fiat to blockchain and this is how you realize true gain, your 10 coins valued at let's say 100$ can go to the moon if more people would switch to crypto.
Please please please, we want a future with just peer to peer txion, F the middle man!

There are  a lot of improvements required in crypto:

1) Reducing the number of coins: First of all, there must be some limit or control on new coins being launched everyday. It looks like everyone wants to launch his own coin without any uniqueness and get rich using the popularity and past success of bitcoins.

2) You are also correct about asking for bitcoin payments and paying in crypto especially to young people who are just starting with Freelancing. These people are very much active on social media sites and will promote bitcoins for free.
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March 21, 2018, 02:07:36 PM
 #56

I think payment via cryptoz should be favoured as because it would help people to embrace btc ecosystem more rapidly
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March 21, 2018, 02:18:12 PM
 #57

People! please don't look at crypto as an ez money maker, and please don't convert to fiat, I would suggest to USE it rather than spend it.
The next time you pay for something, always encourage them to accept crypto. If they refuse, then so be it, but what you're doing is the effort so that many people will hear about it, and maybe the next time someone asked them to receive payment through crypto, maybe they will change their mind and try it.

This is how your transfer the market cap from fiat to blockchain and this is how you realize true gain, your 10 coins valued at let's say 100$ can go to the moon if more people would switch to crypto.
Please please please, we want a future with just peer to peer txion, F the middle man!
The conversion of btc to fiat is necessary for many of us, this is impossible just to stop right now and say: "Halo, miss of the fruit, please accept bitcoins". It depends on where you live.
I agree with you, we all must encourage people to accept bitcoin as a payment system, and I think we all are. But we also need stuff for living, and not everyone lives in a city. In a small village, it is going to take a while, for not everyone has even access to the internet around here!
But I often dream about creating the first-small-crypto-village in the whole world. So I never stop talking about bitcoin to all my neighbors, for, who knows? maybe it is easy to create a system of crypto in a small town than in a bigger one!
Encouraging people to use btc, though, is not so easy for the moment. They don't know even how to use their computer, much less how to buy those abstract cryptocurrencies.
So, yes, talking about btc, to try to encourage little business to use it is still utopic.

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March 21, 2018, 02:28:44 PM
 #58

at the moment not everything is available to be purchased with crypto,
so people have no other choice at times than to convert back to FIAT.
I have done it myself. This is a kind of chicken and egg scenario.

What we can do is ask the question over and over again of the retailers
and traders if they accept BTC, LTC, Monero or Dash.
This is to let them know that there are people willing to spend crypto
and hopefully sooner rather than later they will accept our crypto.

We all need to raise awareness.

R


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March 21, 2018, 04:02:26 PM
 #59

Well how can there be "adoption" of bitcoin if 90% of the people are holding it for longer terms without even spending it or slightly spending it sometimes. That's what's turning btc into an asset and it will most likely remain as one.
The truth is there is not much to do with your bitcoin, even if I wanted to spend it there is not a single store in my country that accepts bitcoin in fact I have yet to met a person that didn't heard of bitcoin because of me, so I do not have any other option but to hold my bitcoin or to trade it and trading is too risky for me so I prefer to hold.

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BrewMaster
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March 21, 2018, 04:36:19 PM
 #60

Well how can there be "adoption" of bitcoin if 90% of the people are holding it for longer terms without even spending it or slightly spending it sometimes. That's what's turning btc into an asset and it will most likely remain as one.
The truth is there is not much to do with your bitcoin, even if I wanted to spend it there is not a single store in my country that accepts bitcoin in fact I have yet to met a person that didn't heard of bitcoin because of me, so I do not have any other option but to hold my bitcoin or to trade it and trading is too risky for me so I prefer to hold.

in 2018 that is not a good excuse anymore and i have actually tested this!

have people in your country heard about bitcoin? has anyone from your country invested in bitcoin?
if the answer to the two above questions is YES, which most probably it is, then there is a good chance that next time you go to a shop and ask them whether they are willing to accept bitcoin for your purchase they will accept it.

and i have tested this last month! i went to buy a motherboard and while i was waiting i though let's have some fun, i asked the guy and he was more than excited to accept bitcoin payment because he was already investing in bitcoin and didn't mind having some more directly from me...

There is a FOMO brewing...
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March 21, 2018, 05:18:00 PM
 #61

People! please don't look at crypto as an ez money maker, and please don't convert to fiat, I would suggest to USE it rather than spend it.
The next time you pay for something, always encourage them to accept crypto. If they refuse, then so be it, but what you're doing is the effort so that many people will hear about it, and maybe the next time someone asked them to receive payment through crypto, maybe they will change their mind and try it.

This is how your transfer the market cap from fiat to blockchain and this is how you realize true gain, your 10 coins valued at let's say 100$ can go to the moon if more people would switch to crypto.
Please please please, we want a future with just peer to peer txion, F the middle man!
The issue about this is that most of the investors cash out their Bitcoins because they are short of cash and thus they cash out to buy the things that they need if more and more people were actually accepting bitcoins as a means of payment for their goods and services. Cashing out BTC to FIAT will be minimal.
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March 21, 2018, 05:44:28 PM
 #62

At this point, we have to cash out to Fiat because there are still a lot of everyday things that still cannot be bought using bitcoin. For example, you can't give your child bitcoin to buy lunch at school neither can you buy ice cream at the park using bitcoin. Until these everyday little things can be purchased using bitcoin, people will have to keep converting their coins into fiat in order to spend it.



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potterbean5
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May 07, 2018, 04:23:55 PM
 #63

Thats not the way to force someone to accept btcs for use. If they dont wanna use who are you to force?
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