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Author Topic: How can we get people to use bitcoin as a currency?  (Read 23059 times)
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November 05, 2018, 09:36:00 PM
 #261

The price should be stable. The continuous instability of the price of bitcoin is affecting the mass adoption. Because even fiats don't depreciate in such manner. It is disheartening to purchase bitcoin at $15000 and see it fall to $7000 without it indicating any sign of bouncing back.

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November 05, 2018, 10:12:00 PM
 #262

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 don't think the bitcoin will be an investment for all the time because the profits made from the bitcoin investments are from the price volatility so if the price of the bitcoin will become stable then it won't be much profitable but it happens only through mass adoption and also we need more stores which can also accept the crypto currencies then only we can convince the people to spend their cryptos.

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November 05, 2018, 10:21:34 PM
 #263

It is a general problem, which will be solved by the time IMO. One problem is, that stores do not accept Bitcoin, if so few people would pay with it, but as there are so few stores which accept Bitcoin, adoption of people is also slowlier.

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November 05, 2018, 10:32:42 PM
 #264

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 don't think the bitcoin will be an investment for all the time because the profits made from the bitcoin investments are from the price volatility so if the price of the bitcoin will become stable then it won't be much profitable but it happens only through mass adoption and also we need more stores which can also accept the crypto currencies then only we can convince the people to spend their cryptos.
We really can't convince those people who been part of our lives easily, because crypto needs to be visible around the world. Let's help promote cryptocurrency through social media and share those meaningful thoughts that crypto will going to feed and education towards every individuals.
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November 06, 2018, 02:04:03 AM
 #265

In my opinion, it is very hard to eradicate fiat over bitcoin as currency because of the unstable market. Most people used bitcoin as an asset to gain profit from it.

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November 07, 2018, 05:42:09 AM
 #266

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.
One reason why people do not accept cryptocurrencies as a form of payment is because they find them to be too complicated, explaining a fiat currency or a currency backed by gold is very easy but it can be very difficult to explain how something like bitcoin works and people are afraid that if they make a mistake they could lose their money, and in a way they are right since we have seen many examples like that in the forum.
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November 07, 2018, 06:53:18 AM
 #267

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.
applicable bitcoin currency may be difficult to explain it to other people because crypto currency in my country is prohibited for direct transactions in other words the crypto currency has not been formalized by the government as the applicable currency
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November 07, 2018, 07:18:22 AM
 #268

Very simple set yourself as a example after that  your friends and relatives they are offering themselves to know about bitcoin, but right now if you are nothing, and trying people offer about bitcoin maybe your wasting your time, no one people believe you without proof.
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November 07, 2018, 07:52:23 PM
 #269

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.
This is going to be a very slow process, what we are seeing is something very similar to what it should have happened at the beginning when people decided that they were going to use a currency to make trade easier, at first people will not really be convinced that it was a good idea but eventually with time they will understand that this is the best way to trade value among people, so I suppose adoption is going to take a few decades at least.
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November 08, 2018, 12:35:34 AM
 #270

We can not pust others people should use bitcoin, like no one should push us using others currency beside our own national currency. Bitcoin will be a currency for payment if many merchant accepting it and i am believe many merchant will use it when government regulate bitcoin and cryptocurrency.

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November 08, 2018, 02:39:26 AM
 #271

We can not pust others people should use bitcoin, like no one should push us using others currency beside our own national currency. Bitcoin will be a currency for payment if many merchant accepting it and i am believe many merchant will use it when government regulate bitcoin and cryptocurrency.

But we could still give information about bitcoin and what is bitcoin benefits to them. I am sure that if they know and learn about bitcoin, they will join by themselves and we can teach them to use bitcoin as the investment only. Bitcoin is not only for the currency but we can use the other side of bitcoin which is the investment, and I think people will think about to invest in bitcoin. But don't forget to tells them about the bitcoin volatility so they know that in bitcoin investment, there is a risk that they should understand.

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November 08, 2018, 05:56:20 PM
 #272

It is better to let each person to decide if and when they are going to adopt bitcoin as a currency that they use, I cannot blame people that do not adopt bitcoin because in my country there is no place where you can use it, they can see all the things that they can do with their fiat and they do not see a reason to adopt bitcoin, so to me it is unreasonable to try to make people to adopt bitcoin in this moment.



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November 08, 2018, 06:48:03 PM
 #273

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.
Demand breeds supply, so obviously there will be more both online and offline stores accepting cryptos if the developers see that it is demanded by the customers.
The main problem is the volatility of bitcoin, so many people would prefer keeping their btc in their wallets as an investment that could cost several times more.
If bitcoin becomes a more stable, buyers would not be afraid of spending it on goods and services.

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November 08, 2018, 07:06:33 PM
 #274

I am not sure if BTC is still in line to be a 'currency' as it was first envisioned by Satoshi! It certainly is acting as a store of wealth and the economic motivations for reducing fees would actually not help the velocity of BTC. The less it moves the more is behaves like a store of value. Plus being non-inflationary it isn't well suited to global use as a currency. More and more it is becoming a hedge asset for global risk not a currency.
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November 08, 2018, 07:56:14 PM
 #275

In order to make Bitcoin a popular currency, it takes Bitcoin time to integrate with everyone and be known and Bitcoin prices must be stable to create trust. The advantage of investing in Bitcoin is that it can generate multiple returns.
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November 08, 2018, 08:30:29 PM
 #276

Trading crypto currencies is not easyor simple for a common person and fees are still very high. Also, making transactions is difficult to understand and learn to use properly. There is a need for methods to be simplified. Also, fluctuations on the price of bitcoin is blocking the mass adoption.

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November 08, 2018, 09:47:56 PM
 #277

Trading crypto currencies is not easyor simple for a common person and fees are still very high. Also, making transactions is difficult to understand and learn to use properly. There is a need for methods to be simplified. Also, fluctuations on the price of bitcoin is blocking the mass adoption.

I agree it must be as simple as Venmo or Paypal to use. That does remove some of the 'decentralized' components for the masses. The question is do the masses really care?
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November 08, 2018, 10:48:13 PM
 #278

Trading crypto currencies is not easyor simple for a common person and fees are still very high. Also, making transactions is difficult to understand and learn to use properly. There is a need for methods to be simplified. Also, fluctuations on the price of bitcoin is blocking the mass adoption.

I do think stability will only come from a cryptocurrency that has an open and democratic governance of its monetary policy. This is not available in any network now, save Decred which is trying to do this. However, they are capped in circulation so that really will only lead to store of value rather than a widely dispersed currency.
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November 08, 2018, 11:40:45 PM
 #279

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.

Actually, we cannot certainly change how people perceive and see Bitcoin just because we think there is really an appropriate way on how we can use this. Since Bitcoin have lots of possible ways on how we can use this depending on the type of user, we cannot control how people use this because of the fact that it is their own will and not ours. Also, the reason why there are only few stores who establish of using Bitcoin as a payment is because only few people wanted to treat Bitcoin as that. What really matters is that people are using it right? Instead of ignoring it because they do not want to use this because of their own reasonings.
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November 08, 2018, 11:51:41 PM
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When people realized that having Bitcoin is simple and secure, they might possibly decide to join in. The better way to make understand it is to give them or let them have a Crypto wallet where it shows the basic feature of Crypto which are open source code, peer to peer transfer, decentralization and user friendly feature. I use Hodler wallet when presenting it to.someone, since it is the only open source multi wallet available and it has easy to handle feature.
Convincing nowadays tends to be easier since people needs some fast and easy uses and access, what will be hard is how fast they will understand and use it once they convinced that it works better on us.  Been touching some friends to do and use it yet somethings they still didn't get that they still keep on asking.

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