Do you actually use Bitcoin?

[Ronaldcoin2017]

As far as I am more and more in it, I can do some conclusions.

1) People are mostly not using the Bitcoin (altcoins as well);
2) Crypto-enthusiasts are real enthusiasts only when the price goes up;
3) Even considering there are more crypto-companies appear which offer their services, and more people join our community - the level of crypto education and adoption is still very low;

Almost 95% of all people in crypto I know personally are holding or trading, but not using it to its functionality. I cannot judge anyone for this, but let's be honest - it won't bring you any money if you just will buy it and wait.

So, there is a question: "How much of you use Bitcoin or any other cryptocurrency to its full capacity?" I am curious about this because as for now it looks like there is only a small group of people making some contributions.

This is true because there are still few uses for cryptocurrencies and only few businesses adopted it. It is also depends on your country, if there is no services or stores that offers this kind of transactions then you will not be able to use the true functionality of those cryptocurrencies. Here in my country, there are also few but there is a local exchange here that also function as a payment processor to pay your bills or buy game credits and it suits my needs because I game a lot and also paying bills becomes easier for me since I can just pay with my Bitcoin or Ethereum directly. But I will be honest, I don't usually use my Bitcoins especially if the price went down, most likely I will spend it when there is a gain.

Yes I agree on that. In my country we can now use bitcoin for some minor payments also. So it is now amazing to used bitcoin because we can now do payment without leaving our home it is just one click away, and we only have to wait for the confirmation. Bitcoinnis now slowly used as a payment system that is really amazing and maybe in the near future it will really become more amazing due to the fast growing economy of crypto.

[Tipsters]

As far as I am more and more in it, I can do some conclusions.

1) People are mostly not using the Bitcoin (altcoins as well);
2) Crypto-enthusiasts are real enthusiasts only when the price goes up;
3) Even considering there are more crypto-companies appear which offer their services, and more people join our community - the level of crypto education and adoption is still very low;

Almost 95% of all people in crypto I know personally are holding or trading, but not using it to its functionality. I cannot judge anyone for this, but let's be honest - it won't bring you any money if you just will buy it and wait.

So, there is a question: "How much of you use Bitcoin or any other cryptocurrency to its full capacity?" I am curious about this because as for now it looks like there is only a small group of people making some contributions.

You are very right and I am also one of those who only uses it for income. But, in reality, that is what humans will always tend to do. We are holistic in nature and we always want to take advantage something we possess. In addition, the academic era now does not fully accept teaching cryptocurrency. Nonetheless, may I personally ask you how do you utilize such cryptocurrencies? 

[iv4n]

As far as I am more and more in it, I can do some conclusions.

1) People are mostly not using the Bitcoin (altcoins as well);
2) Crypto-enthusiasts are real enthusiasts only when the price goes up;
3) Even considering there are more crypto-companies appear which offer their services, and more people join our community - the level of crypto education and adoption is still very low;

Almost 95% of all people in crypto I know personally are holding or trading, but not using it to its functionality. I cannot judge anyone for this, but let's be honest - it won't bring you any money if you just will buy it and wait.

So, there is a question: "How much of you use Bitcoin or any other cryptocurrency to its full capacity?" I am curious about this because as for now it looks like there is only a small group of people making some contributions.

This is true because there are still few uses for cryptocurrencies and only few businesses adopted it. It is also depends on your country, if there is no services or stores that offers this kind of transactions then you will not be able to use the true functionality of those cryptocurrencies. Here in my country, there are also few but there is a local exchange here that also function as a payment processor to pay your bills or buy game credits and it suits my needs because I game a lot and also paying bills becomes easier for me since I can just pay with my Bitcoin or Ethereum directly. But I will be honest, I don't usually use my Bitcoins especially if the price went down, most likely I will spend it when there is a gain.

Yes I agree on that. In my country we can now use bitcoin for some minor payments also. So it is now amazing to used bitcoin because we can now do payment without leaving our home it is just one click away, and we only have to wait for the confirmation. Bitcoinnis now slowly used as a payment system that is really amazing and maybe in the near future it will really become more amazing due to the fast growing economy of crypto.

Crypto didn`t reach it`s full potential, so it`s a bit nonsense to talk about using it with full capacity. Some people in more advanced countries are able to use bitcoins for many things, fun or food, paying tax, or paying a cab, for paying bills, but advanced countries are minority, there are many more countries behind.
I use bitcoins for investing, I use bitcoins for passive income, I gamble with bitcoins since day one, I bought couple things with bitcoins, but you tell me when I receive some payment in bitcoins and then I sell some for my currency and then I use that money for my needs, what I use? I wait for shortcut and chance to skip selling bitcoins or any crypto and paying for my needs directly!

[Virtual miner]

This is the truth to some extent. And there are many reasons for this. These are:
- Non acceptance of bitcoin in most of the countries.
- Non legalization of bitcoin.
- Popularity of bitcoin as a means of investment only.
- It's promotion as a currency is not to a great extent.

But there are many countries like Japan where bitcoin is being used as a regular mode of payment for everything; literally everything.

[ghosong]

As far as I am more and more in it, I can do some conclusions.

1) People are mostly not using the Bitcoin (altcoins as well);
2) Crypto-enthusiasts are real enthusiasts only when the price goes up;
3) Even considering there are more crypto-companies appear which offer their services, and more people join our community - the level of crypto education and adoption is still very low;

Almost 95% of all people in crypto I know personally are holding or trading, but not using it to its functionality. I cannot judge anyone for this, but let's be honest - it won't bring you any money if you just will buy it and wait.

So, there is a question: "How much of you use Bitcoin or any other cryptocurrency to its full capacity?" I am curious about this because as for now it looks like there is only a small group of people making some contributions.

People for the current trend the purpose of buy Bitcoin as a future investment asset, they rarely use bitcoin as a means of transaction, as it should be.
Otherwise they tend to save Bitcoin in a long time to get the most benefit from Bitcoin investment.

[tanghere02]

It is true most people are not using their Bitcoins and most probably it is because in their country thry simply can not use it yet. But I think there are some who would exchange their bitcoins and altcoins to their own fiat money to pay their bills. It may not be directly from cryptocurrency to merchants but at least its on the same path. It would just be a matter of time until some merchants would accept cryptocurrencies then all would be able to use their coins accordingly.

[mensha]

Yes, I also agree with your opinion. Currently most of the crypto currency users are using crypto for doing trading or holding for the sole purpose of earning money. However the real and initial concept behind the crypto currency is doing transactions securely and easily.

[Enijesiku Sulaimom]

I actually use bitcoin to purchase goods online and I also make it as a mean of exchange, finally bitcoin as really be a good mean of investment to me, my friends and my family

[triplef]

As far as I am more and more in it, I can do some conclusions.

1) People are mostly not using the Bitcoin (altcoins as well);
2) Crypto-enthusiasts are real enthusiasts only when the price goes up;
3) Even considering there are more crypto-companies appear which offer their services, and more people join our community - the level of crypto education and adoption is still very low;

Almost 95% of all people in crypto I know personally are holding or trading, but not using it to its functionality. I cannot judge anyone for this, but let's be honest - it won't bring you any money if you just will buy it and wait.

So, there is a question: "How much of you use Bitcoin or any other cryptocurrency to its full capacity?" I am curious about this because as for now it looks like there is only a small group of people making some contributions.

To be really honest, I mostly hold. Because I do not want to spend my BTC with such low price and I understand it is better to hold till the rise up.

[MrRiuss]

As far as I am more and more in it, I can do some conclusions.

1) People are mostly not using the Bitcoin (altcoins as well);
2) Crypto-enthusiasts are real enthusiasts only when the price goes up;
3) Even considering there are more crypto-companies appear which offer their services, and more people join our community - the level of crypto education and adoption is still very low;

Almost 95% of all people in crypto I know personally are holding or trading, but not using it to its functionality. I cannot judge anyone for this, but let's be honest - it won't bring you any money if you just will buy it and wait.

So, there is a question: "How much of you use Bitcoin or any other cryptocurrency to its full capacity?" I am curious about this because as for now it looks like there is only a small group of people making some contributions.

yes, you are right. only a few use bitcoin as a payment instrument at a real life. most of them use bitcoin as you said above

[ZeusTrade]

in fact the bitcoin is a utility with great potential for tourism in general when they will accept this do not know but I know that specifically now people want to keep equal to gold this without using for no other purpose is to speculate and to be considered a crypto enthusiast should make sure that this person contributes in some way to the community in general but enthusiastic about trader is something else as I said I see great potential to be used in tourism in general I do not know why they do not adopt it that way because imagine you transfer funds from u place for another without intermediate you will have total control in your money but I think they still do it simply because the banks do not accept the idea of satoshi and yes they want to control our money instead

[staceyrita]

here I've been using bitcoin almost a lot is 47BTC but that's when the price is still about $ 2500 / BTC in 2014an
until now I still contribute to bitcoin not just up and down time only

[baghdatis1990]

        Even if people use altcoins more than bitcoin, their price is more or less dependent on the bitcoin price (except for some altcoins). So whether or not you use bitcoin, anyway it influences your crypto investment. I personally use bitcoin, but I think it's a long-term investment.

[tinyhunter112]

Many in the Bitcoin community hope that the cryptocurrency will eventually be used for the buying and selling of everyday things, much like how we use .

[fargoway]

How about considering also the status of Bitcoin usage in their country? The bans and the regulations. Maybe people are still cherishing the benefits it give, before it uses its full functionality to be a currency or as a means of alternative money.
Consider these questions before concluding something.

1. Does their country allow crypto-related businesses?
People won't have the choice to start up business if cryptos were already banned in the first place in their country.

2. How many people really know the functionality of Bitcoin?
The goal for Bitcoin needs for people to know not just simply aware. Being simply aware of the existence of Bitcoin will still give them choice to not follow or not to learn it even more.

3. Is Bitcoin already established in the major countries?
Most of the time, I see news in the status of Bitcoin in Japan. It was quite going well and trade and exchanges are just going as it was except for the hacks though, but pretty much there were many establishments already happening in Japan in terms of cryptocurrency. How about in other countries? In my country, I rarely hear something from it in the news. I only hear when scams were happening. I read quite few more articles about it in my country, but that isn't gonna guarantee that other people will know what is Bitcoin, judging that not all people really have access to the internet and if they have,  majority would just use it for the purpose of gaming or such projects.

Yes, I agree with your opinion that regulations in specific countries make some obstacles on the way of crypto adoption. However, Bitcoin was created exactly for this - to fight with centralization and dependence from the government. All in all - we have a lot of options but still to scared to use them.

[Rafiqul]

Yes, I am using little Bitcoin as an investment. Because I know bitcoin has a great future. Many persons use bitcoin for safety transaction.

[phosphine]

as far as I know there's are little things that you can actually use bitcoin. Because bitcoin is more of an investment

[mung_nasib]

If I just buy a coin in a bad condition after that try to wait in a few months including my key in making a profit although I rarely contribute to crypto but by utilizing the existence of bitcoin can certainly boost an exchange rate in the future.

[AutoBlockX]

Technically speaking, Bitcoin was invented as a means to buy and sell online in a secure fashion. However, the volatility of this cryptocurrency makes many people reluctant to spend their coins. It’s usually wiser to use your fiat currency for purchases and let digital assets appreciate in value.

Currently, Bitcoin is too volatile to use it as a medium of exchange, but this may change in the future. Until then, it is an excellent store of value, easily beating real estate, gold, tech shares, etc.

[sader1]

Yes, I actually use Bitcoin. I use Bitcoin for trading. I think it is more profitable than other coin.