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Author Topic: How can we get people to use bitcoin as a currency?  (Read 23160 times)
yusupjatigumilar
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November 04, 2018, 01:21:08 PM
 #241

How can we get people to use bitcoin as a real currency and not just a quick way to get cash as a lot of people seem to do? When I say currency, I mean the literal definition of currency as something that is used as a medium of exchange.
Even online, there are only a few stores who are accepting it as payment.
I think bitcoin is used as a currency and not as a tool to earn a lot of money in a short time, first thing to do is to build trust from the government and the state, trust is very basic in making an entity a transaction tool
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November 04, 2018, 02:34:50 PM
 #242

By providing them with a hassle free system like cash. I have seen people doing online shopping with cryptos. Shopping online isn't really a problem. People don't use cryptos much offline. There are physical cards for buying things offline. But still they are not that popular. Moreover, not many merchants accept Bitcoins leaving of course a few countries. Adoption needs to be increased first.
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November 04, 2018, 03:03:57 PM
 #243

There are too many ways that we can do to encourage other people to use cryptocurrencies as a paying process for their every transactions they want to have in the virtual life and social lives. But we must considered that there are factors why people are being hesitate theirselves to do so, like; influence of their government, news about cryptocurrencies and the lacking of funds to invest on it.
We can easily encourage people to used Bitcoin by showing them a evidence that you're get earn through it, because most people only believe if they saw a proof. But I think we can convince some of them if they really want too but if not then its better to find someone who is willing to know cryptocurrency than convincing those people that have no interest. Also I think many people is willing to be part of crypto right now because they know they can change their life.
Well, I do like that to make my friends interested in the world of crypto to, by showing evidence that I get earn during this time. When I saw the evidence then my friend would ask how do to get Bitcoin or other crypto. After that we can easily explain to them about Bitcoin/crypto.

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Bohxz M4p4gm4h4l25
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November 04, 2018, 03:15:30 PM
 #244

How can we get people to use bitcoin as a real currency and not just a quick way to get cash as a lot of people seem to do? When I say currency, I mean the literal definition of currency as something that is used as a medium of exchange.
Even online, there are only a few stores who are accepting it as payment.

Well based on my experience, the higher possibility that Bitcoin can be used by the common people is through markets, for good and any necessity stuffs, like for example in a usual apparel clothing there would be an option, like discounts cards if acquiring Bitcoin will bring some advantages to a customer probably they will acquire it up to the time that they will become a fully member, simple scenario but I know it will catch the public.

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November 04, 2018, 05:57:58 PM
 #245

Bitcoin is a cryptographic coin and is based on blockchain technology. I think the future of Bitcoin will be accepted and used in large online exchanges. Bitcoin will have many future applications that could replace Fiat. It is important now that the Bitcoin value needs to be stable so that investors and people are skeptical about it.
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November 04, 2018, 07:25:53 PM
 #246

How can we get people to use bitcoin as a real currency and not just a quick way to get cash as a lot of people seem to do? When I say currency, I mean the literal definition of currency as something that is used as a medium of exchange.
Even online, there are only a few stores who are accepting it as payment.
I think bitcoin is used as a currency and not as a tool to earn a lot of money in a short time, first thing to do is to build trust from the government and the state, trust is very basic in making an entity a transaction tool
You are right they are just afraid because of price change with each investment, when price gets low it is time to hold but not to sell, it is only small things and skills that we need to learn if we will know the logic so there will be no risk and no worry about it, now in this era I think people should have strong faith about crypto instead of putting doubt.

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November 04, 2018, 07:37:48 PM
 #247

To get people to use bitcoin you need to make bitcoin very attractive.Satoshi Nakamoto created bitcoin not only for traders and speculators.First of all, it is a new technology that can radically change the world and the relationship between people and business.Whether or not bitcoin will be used as a currency is not very important.


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November 04, 2018, 07:50:16 PM
 #248

this is very difficult to do. we can start in our closest environment such as family or friends. first we have to introduce crypto currencies and provide knowledge about this. we must be able to explain everything about crypto. so that the new user will get all the information he needs. and we as crypto users can be an example for beginners so that they feel confident if this currency can be used as usual.
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November 05, 2018, 01:13:22 AM
 #249

More vendors accepting it is a big one but it needs to be easier for people to trade fiat for Bitcoin. It doesn't make sense for people to pay to exchange their fiat for Bitcoin and then buy something when they could have paid less overall not using Bitcoin. If I have no Bitcoin I have to go to an exchange, make an account with a possible lengthy identity verification, pay a fee for the conversion and then wait however long it's going to take to receive the Bitcoin. We need a method to instantaneously trade between fiat and crypto for free to get more people using it.

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November 05, 2018, 01:46:21 AM
 #250

There is no better and powerful tool than the creation of awareness about Bitcoin. This is the smartest means to take Bitcoin to the people and also explain its concept and benefits in order to clear the doubts most people harbour about Bitcoin. Users of Bitcoin must request for Bitcoin as a means of payment after shopping or patronizing a service. This will alert the shop owners to integrate it into their payments.

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November 05, 2018, 02:37:49 AM
 #251

Cryptocurrency is the latest technology in the field of banking and finances. Many people are actually reaping the benefits of it in a sense of faster transaction and convenience in availing goods. With this, more people will be persuaded to use cryptocurrency. I just hope that further security  will be emphasized and safety of transactions will be assured so as more people will be convinced that transacting using crypto is a good thing. we can also drop the anonymity since transacting in crypto poses a risk for money laundering.

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November 05, 2018, 06:00:23 AM
 #252

How can we get people to use bitcoin as a real currency and not just a quick way to get cash as a lot of people seem to do? When I say currency, I mean the literal definition of currency as something that is used as a medium of exchange.
Even online, there are only a few stores who are accepting it as payment.
The only answer is that when government accept crypto then people will be next to them because the government has the power to rule people if they implement that surely the people will now use crypto.
But people also prefer to have a currency that is not being intervened by the government and the government intervention is a sign of chaos for them. In addition, there are various advantages of the currency in the developed countries but what will be the consequences in the under developed countries. The experiment may be too expensive for such economies.

And yes the government has the tricks and ways to alter the investment patterns of her people so it is not a big thing for the government to educate the people about the cryptocurrency.

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November 05, 2018, 09:30:47 AM
 #253

How can we get people to use bitcoin as a real currency and not just a quick way to get cash as a lot of people seem to do? When I say currency, I mean the literal definition of currency as something that is used as a medium of exchange.
Even online, there are only a few stores who are accepting it as payment.
Bitcoin is using as currency all over the world with the passage of time it is spreading much more, although there are many countries where the Bitcoin is banned due to some reasons. Banks in Germany are now using the Bitcoin for they are to pay their loans with more benefited way that is why they are using Bitcoin as payment of loans. Due to its friction-less transaction facility with low cost make it our best choice.
Price is not a matter. It is only for traders. They compare bitcoin with other currencies. When bitcoin become globally usable, people will not compare it dollar of any other currency. There are some factors that do not allow bitcoin to be a global currency, but I am sure the future is that of bitcoin and it will take over the currency market in the future no matter how much time it will take.
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November 05, 2018, 02:33:04 PM
 #254

People do not like to learn and badly perceive everything new. It’s hard to make people understand that it’s much better to believe in an algorithm or program code like the one that Bitcoin is based on than in the government. Even in Wikipedia it is mentioned that a currency is a means of payment that is controlled by the state. At the moment, the currency in its classical sense undoubtedly dominates over the cryptocurrency in the global financial market with a margin of more than 200 times in daily trading volume. But digital currency is a relevant and promising thing, and it will turn into a means of payment regardless of what people think. 
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November 05, 2018, 02:44:06 PM
 #255

An argument in favor of using Bitcoin is an example of bonds. Many skeptics say that cryptocurrency is too risky type of investment. So it was with junk bonds when they first appeared. In addition to the bank that invented Drexel Burnham, all credit organizations said that this was nonsense, which should not be contacted. At the same time, they referred to the volatility of junk bonds and the high risk associated with investing in them. Over time, the cryptocurrency volatility has decreased and will continue to decrease. Volatility is an inevitable feature of new asset classes.
eekkaa
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November 05, 2018, 03:39:47 PM
 #256

to be able to make many people use digital currencies such as bitcoin, it is better for all government finances in all countries to accept payments and transactions using bitcoin because when it is not there it will be very difficult to make people use bitcoin.
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November 05, 2018, 04:24:54 PM
 #257

First of all, education and increasing awareness. Bitcoin is already quite usable as means of exchange, in some countries it`s quite widespread - the only point is that people still see it as a risky and dangerous (may be even criminal related?) thing that they`re better to keep off. Speaking from my own experience, Crypto is not easy to get for an average person. Even the simplest concepts like doing transactions may be difficult to understand and learn to use properly.
The next thing is naturally increasing the amount of places to spend Crypto. There were rumors/news that Starbucks plans to involve Crypto, and I believe it`s only good for us: they`ll bring Crypto closer to people, make them less afraid of it - if even the large company uses it, why should the people miss out?
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November 05, 2018, 05:24:30 PM
 #258

Bitcoins originator Satoshi Nakamotos intention to provide a strong currency for the global community which can be operated world wide for their daily requirements. It has started in the  year 2009 and it is the first crypto currency established in the market.Bitcoin  has developed the confidence of the global investors because of its attractive features such as the decentralized one with anonymity and is all transactions are recorded in an electronic ledger with the block chain technology. Bitcoin is with strong net work systems linked with the modern technology so it could acquire the confidence of the public and hence its market popularity has wide spread. The volume of bitcoins market capital is very high and also its daily traded volumes are much higher than the other crypto currencies.Bitcoin has developed the confidence of the global community to consider it as a common currency which can be operated world wide.

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November 05, 2018, 05:56:11 PM
 #259

How can we get people to use bitcoin as a real currency and not just a quick way to get cash as a lot of people seem to do? When I say currency, I mean the literal definition of currency as something that is used as a medium of exchange.
Even online, there are only a few stores who are accepting it as payment.

I think its depending on merchant. Some merchant accept bitcoin and many merchant still afraid accepting bitcoin because government regulation. But in near future, i am believe more merchant accepting bitcoin as currency

Today, online you can find the lists of the sites that deal with Bitcoin. Visiting these resources, you will find out what you can buy or sell for your BTC. As I know, many private sellers also accept the cryptocurrency.

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November 05, 2018, 09:34:52 PM
 #260

First you need to spend your fake money ( FIAT), then you use your real money. thats how it works. And as you can see, now the world is fload of fake money that everyone uses till it collapses. And then bitcoin, the real money, will be used
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