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Author Topic: How can we make people accept bitcoins as a currency?  (Read 3576 times)
rnssol (OP)
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August 31, 2018, 07:13:44 AM
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A lot of scams have caused the fear of theft among people and they are regarding bitcoin and its trading a scam. People seem to be reluctant towards investing in bitcoins. How do we ensure them that bitcoins are not scam but the people are. Undecided
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August 31, 2018, 07:19:34 AM
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Please come again. which 'people' are you referring to here, the people who invest in bitcoin or those who are accusing bitcoin as scam?
rnssol (OP)
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August 31, 2018, 07:35:05 AM
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Please come again. which 'people' are you referring to here, the people who invest in bitcoin or those who are accusing bitcoin as scam?
I am referring to the people who are accusing bitcoins to be scams and fake currencies. I have friends who invested their money in scam bitcoin wallets and lost them. Now they believe that bitcoin all and all are scams.
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August 31, 2018, 07:37:13 AM
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it needs to stabilise its price first and be recognise by a big SEC or something. So all the FUD this years has been giving sh**t to BTC will lose its power and then we can talk.
It's not difficult next step though. Like it's happening in Venezuela, merchants accept crypto because they do not trust anymore the official currency of the state, due to iper-inflaction and so could happen also in other countries too.
I see mass adoption in next months, but first something huge must happen.
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August 31, 2018, 07:51:03 AM
 #5

A lot of scams have caused the fear of theft among people and they are regarding bitcoin and its trading a scam. People seem to be reluctant towards investing in bitcoins. How do we ensure them that bitcoins are not scam but the people are. Undecided

It's really hard to encouraged other people to embracing and accepting bitcoin as a currency as of now especially to those people has lack of knowledge about this system and there are some people that has a brief knowledge about it but not believe and trusted it because of a lot of negative news spreading all over the world about it. However, if mostly people think and believe that bitcoin will be the possible alternative currncy to fiat money in the future maybe there's a chance that it will really accepting it by all of the people but probably it takes a long time for that.



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rnssol (OP)
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August 31, 2018, 07:56:57 AM
 #6

it needs to stabilise its price first and be recognise by a big SEC or something. So all the FUD this years has been giving sh**t to BTC will lose its power and then we can talk.
It's not difficult next step though. Like it's happening in Venezuela, merchants accept crypto because they do not trust anymore the official currency of the state, due to iper-inflaction and so could happen also in other countries too.
I see mass adoption in next months, but first something huge must happen.
For sure we need to encourage people and for that we need some strong government and strong organizations to be a part of it. Only then people can trust bitcoins.
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August 31, 2018, 07:57:46 AM
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In to the time that we live in currently it is not the people that we would want to have bitcoin and crypto currency first hand to accept immediately, it is the GOVERNMENT that needs to have bitcoin be recognized. We know how influential government is to each and every country and if they would be the one who can understand and learn bitcoin, chances of bitcoin being accept by people will be high rate. Though we cannot please everyone and we all know that, but government have the means of have an information be circulated to their respective country so with an effort to reach out people starting from the government with bitcoin benefits and information we can open the eyes of people about bitcoin and crypto currency.
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August 31, 2018, 07:59:59 AM
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I think it is very difficult to promote Bitcoin now, because its conversion method is very troublesome, children and the elderly can't even use the computer!
rnssol (OP)
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August 31, 2018, 08:19:19 AM
 #9

A lot of scams have caused the fear of theft among people and they are regarding bitcoin and its trading a scam. People seem to be reluctant towards investing in bitcoins. How do we ensure them that bitcoins are not scam but the people are. Undecided

It's really hard to encouraged other people to embracing and accepting bitcoin as a currency as of now especially to those people has lack of knowledge about this system and there are some people that has a brief knowledge about it but not believe and trusted it because of a lot of negative news spreading all over the world about it. However, if mostly people think and believe that bitcoin will be the possible alternative currncy to fiat money in the future maybe there's a chance that it will really accepting it by all of the people but probably it takes a long time for that.
Well yes. But it will take time and we should hold on to it no matter what. We know bitcoins are the future but it will take time to prove it.
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August 31, 2018, 08:21:06 AM
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In to the time that we live in currently it is not the people that we would want to have bitcoin and crypto currency first hand to accept immediately, it is the GOVERNMENT that needs to have bitcoin be recognized. We know how influential government is to each and every country and if they would be the one who can understand and learn bitcoin, chances of bitcoin being accept by people will be high rate. Though we cannot please everyone and we all know that, but government have the means of have an information be circulated to their respective country so with an effort to reach out people starting from the government with bitcoin benefits and information we can open the eyes of people about bitcoin and crypto currency.
Yes, exactly. We need the governments to step in and take the charge. Governments need to accept the reality that bitcoin will be the currency of the new generation.
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August 31, 2018, 08:21:57 AM
 #11

Just shove it down their throat Cheesy jk

If you follow the news there is a lot of negativity surrounding crypto currency. A lot of exchanges that were hacked, people lost money, increased volatility etc. These "scare crows" are keeping people away from crypto currency. Not to mention that Google & Facebook are against crypto and this is influencing a lot of people world wide.

I think the best thing to do would be to increase the information about these, so people understand what's it all about and maybe try to regulate it.
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August 31, 2018, 08:23:58 AM
 #12

I think it is very difficult to promote Bitcoin now, because its conversion method is very troublesome, children and the elderly can't even use the computer!
This might be right, but when children can learn to use I phones, they can learn to use cryptos. It is just the mater of what we teach them. And as far as elderly are concerned, they do not know how to use google but google still exists and is accepted by all.
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August 31, 2018, 08:29:28 AM
 #13

Just shove it down their throat Cheesy jk

If you follow the news there is a lot of negativity surrounding crypto currency. A lot of exchanges that were hacked, people lost money, increased volatility etc. These "scare crows" are keeping people away from crypto currency. Not to mention that Google & Facebook are against crypto and this is influencing a lot of people world wide.

I think the best thing to do would be to increase the information about these, so people understand what's it all about and maybe try to regulate it.
Well not a bad idea to just shoving it down  Cool and yes we might need to spread the word... but it will surely take a long time for people to accept bitcoins and cryptos.
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August 31, 2018, 08:38:59 AM
 #14

After giving more experience and how much we have take profit with bitcoin investment before, maybe I think many people want to accepted bitcoin not only for payment system but also could be investment for the future. They have think for increase money by make investment.
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August 31, 2018, 08:39:58 AM
 #15

Please come again. which 'people' are you referring to here, the people who invest in bitcoin or those who are accusing bitcoin as scam?
I am referring to the people who are accusing bitcoins to be scams and fake currencies. I have friends who invested their money in scam bitcoin wallets and lost them. Now they believe that bitcoin all and all are scams.
Well, when dealing with cryptos one just really has to be attentive. I don't think it's too hard to google top bitcoin wallets and exchanges, you know. It is also pretty easy to find out that bitcoin is not considered to be scam publicly. What can be an issue, though, is trying to promote the way of treating bitcoin as a currency. You see, most of people want to buy bitcoin to hold it till the better times and then sell it for fiat, as if it was some sort of an asset. Who actually pays with bitcoins without looking at its dollar price? Who pays directly with btc at all? When a coin is not being used to exchange for goods but it considered to be one of those goods itself, we are not moving toward fiat-free decentralized society.

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August 31, 2018, 08:47:15 AM
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Please come again. which 'people' are you referring to here, the people who invest in bitcoin or those who are accusing bitcoin as scam?
I am referring to the people who are accusing bitcoins to be scams and fake currencies. I have friends who invested their money in scam bitcoin wallets and lost them. Now they believe that bitcoin all and all are scams.
Well, when dealing with cryptos one just really has to be attentive. I don't think it's too hard to google top bitcoin wallets and exchanges, you know. It is also pretty easy to find out that bitcoin is not considered to be scam publicly. What can be an issue, though, is trying to promote the way of treating bitcoin as a currency. You see, most of people want to buy bitcoin to hold it till the better times and then sell it for fiat, as if it was some sort of an asset. Who actually pays with bitcoins without looking at its dollar price? Who pays directly with btc at all? When a coin is not being used to exchange for goods but it considered to be one of those goods itself, we are not moving toward fiat-free decentralized society.
This is a solid point of view that we really need to focus on. By treating bitcoins as only assets would no do justice for it. Bitcoins themselves hold value but people can not realize it as no major companies or organizations accept bitcoins in exchange of goods. If organizations start accepting bitcoins as a currency and exchange it for their products and services only then can people believe in the actual value of bitcoins.
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August 31, 2018, 08:53:13 AM
 #17

A lot of scams have caused the fear of theft among people and they are regarding bitcoin and its trading a scam. People seem to be reluctant towards investing in bitcoins. How do we ensure them that bitcoins are not scam but the people are. Undecided


I don't think you have any obligation to convince anyone that bitcoin or any other cryptocurrency is not a scam.
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August 31, 2018, 09:03:00 AM
 #18

A lot of scams have caused the fear of theft among people and they are regarding bitcoin and its trading a scam. People seem to be reluctant towards investing in bitcoins. How do we ensure them that bitcoins are not scam but the people are. Undecided

I think if you can buy something or exchange Bitcoin for Fiat money, this is the guarantee that it is not fraud. Roll Eyes
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August 31, 2018, 09:08:13 AM
 #19

A lot of scams have caused the fear of theft among people and they are regarding bitcoin and its trading a scam. People seem to be reluctant towards investing in bitcoins. How do we ensure them that bitcoins are not scam but the people are. Undecided

I think if you can buy something or exchange Bitcoin for Fiat money, this is the guarantee that it is not fraud. Roll Eyes
Obviously it wont be. But still we need to decide wisely.
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August 31, 2018, 09:21:15 AM
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We don't need to force them to accept it, let the whole ecosystem learn the system of cryptocurrency. Anyways bitcoin dont want us but people needs bitcoin, so I think government will open up this kind of thing.
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