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Author Topic: As long as you convert your crypto to fiat, we will never go mass adoption  (Read 477 times)
yoseph
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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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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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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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