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Author Topic: How can we get people to use bitcoin as a currency?  (Read 23711 times)
CaVO32
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January 03, 2019, 03:55:14 AM
 #461

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.

in addition also, as more and more merchants and companies are joining to accept bitcoin as a form of payment, people will come to know and realize the benefits of using crypto. however, price volatility is the hardest part to tackle. why many establishments are still in hesitation to use this as payment.
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January 03, 2019, 05:12:41 AM
 #462

Most people all around the world are not aware about bitcoin or crypto currency so far. But most of merchants all over the world are now accepting or adapting the features and usage of bitcoin as mode of payment to their personal business as well. Which means it shows and obviously it is considered as digital currency.

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January 03, 2019, 05:39:18 AM
 #463

Most people all around the world are not aware about bitcoin or crypto currency so far. But most of merchants all over the world are now accepting or adapting the features and usage of bitcoin as mode of payment to their personal business as well. Which means it shows and obviously it is considered as digital currency.

Most of them? I don't think so.

I know you know all about the volatility of cryptocurrencies especially Bitcoin since there are a lot of users that can affect the price because it is a decentralized cryptocurrency. With the price getting lower the last year, you think that merchandisers will keep on accepting them? That will be their loss and also, investors or users might not use it instead hold it until it gives them good profit in the future.

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January 18, 2019, 04:57:46 PM
 #464

Most people all around the world are not aware about bitcoin or crypto currency so far. But most of merchants all over the world are now accepting or adapting the features and usage of bitcoin as mode of payment to their personal business as well. Which means it shows and obviously it is considered as digital currency.
bitcoin is very appropriate just to be a digital currency that can be used by everyone who knows how to use it, if bitcoin is able to be used as a real currency I don't think that is possible because no one country has it as the main currency used for payment transactions

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January 18, 2019, 07:50:14 PM
 #465

If we could gain a progress on online salers, this is going to be a real use of bitcoin. But these online salers must comply with regulations and bitcoin is not accepted by officials as a currency. I don't know when these officials change their mind or how we can make them change their minds.

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January 18, 2019, 09:24:22 PM
 #466

It takes time, we cannot insist people to use bitcoin continuously. This will create some sort of negative opinion on bitcoin. Also we haven't got a big user access to bitcoin in the marketplace as well in daily life. When this increases automatically people get adopted to it similar to the one happened with debit cards and credit cards.

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January 18, 2019, 11:24:45 PM
 #467

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 problem with bitcoin as a currency is that its very volatile, it needs to become stable so the people will entice to make it more than just a way to earn money but as a stable currency, well bitcoin just working in it, lets just wait its great development in five years.
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January 19, 2019, 12:59:24 AM
 #468

Bitcoin is already a currency but it is not yet really used like the fiat currencies. The reason is that it is not yet supported everywhere as a payment method either online or offline. That is why people still considering Bitcoin mainly as an asset, they trade and hold it for making good profits.
Yeah, I dont think bitcoin is being used as currency, I see that bitcoin just a asset to invest for profit. People holding bitcoin are rare so it is not volatility.
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January 19, 2019, 02:14:30 AM
 #469

Honestly, I think that we could get people to use Bitcoin as a currency by giving away some satoshis for free. This will encourage them to use Bitcoin as a currency, as well as, a store of value for the long term. Also, one needs to explain thoroughly the benefits of the Bitcoin blockchain for average people to become interested in it. Of course, Bitcoin's high fees and slowness prevents it from being used as a currency. But, if the network load remains on a minimum (until the Lightning Network goes full steam ahead), then fees could remain low, while the speed of transaction confirmations doesn't affect itself in the short term.

With good dedication and perseverance, I'm sure that we could get as many people as possible to use Bitcoin as a currency, taking Fiat's place in the future. Hence, the more popular Bitcoin is, the better for us as prices will rise to astronomical levels due to high demand. Smiley


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January 19, 2019, 02:34:14 AM
 #470

It takes time, we cannot insist people to use bitcoin continuously. This will create some sort of negative opinion on bitcoin. Also we haven't got a big user access to bitcoin in the marketplace as well in daily life. When this increases automatically people get adopted to it similar to the one happened with debit cards and credit cards.
well, maybe education about bitcoin is very influential in this matter. we know that bitcoin is very well known for now. however, we know that there are still very few people who don't really understand how it works. well, but I'm sure, that in the future, people will definitely use bitcoin naturally.


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January 19, 2019, 04:28:01 AM
 #471

Bitcoin are created as a reward for a process known as mining the can be exchange for other currency,products and services.Public awareness will make it more and more lucrative.
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January 19, 2019, 06:24:53 AM
 #472

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.

I have tried to convince people to use bitcoin and its advantages but believe me it is not easy to change the people conservative minds. They are not willing to accept any change. Also when they see that bitcoin price is above 3000$, they think it is risky to invest in it. Its only people like us who know that this is the lowest price of bitcoin, but generally people do not believe in such new techs.

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January 19, 2019, 07:37:23 AM
 #473

Its a process, its not simply by gathering people into BTC and making it as their currency, it will take tons of years before people completely jumps into Bitcoin, but I don't think that people would likely to make BTC as their currency right away, there will be a lot of doubts and arguments and I don't think that they are ready yet for this kind of change, lets take it slowly and let the process go its way.
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January 19, 2019, 03:53:37 PM
 #474

I have some friends tried to use it to their daily payments but most of them really don't want to use it that's why I can say that it is really hard to get more people to use Bitcoin to their daily payments. And I think we can't really tell them it is just easy as a fiat that they use because most of them are afraid to lose their money.

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January 19, 2019, 04:51:07 PM
 #475

I think it is really hard to convince people to used bitcoin specially when they don't even know what it is. I believe that we really need to convince everyone step buy step in order for them to understand the Benifits and the advantages of using it. However the decision is all up to them because we all know that we have different views with regards it crypto, and we cannot force them if they dont want to used it.

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akram143
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January 19, 2019, 05:03:58 PM
 #476

I have some friends tried to use it to their daily payments but most of them really don't want to use it that's why I can say that it is really hard to get more people to use Bitcoin to their daily payments. And I think we can't really tell them it is just easy as a fiat that they use because most of them are afraid to lose their money.



To use Bitcoin as a currency there are lot of difficulties are to be followed by the people and it is not happened also in this situation so we need to wait for that for long time of period but it happens in one time but not now so I can definitely say using cryptocurrency as a normal currency will be possible in the future.

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January 19, 2019, 05:13:50 PM
 #477

The best method to convince more people to start using Bitcoin as a currency, is by teaching them more about the facts of BTC and that it is mainly created to be a digital currency, and not an asset. Also providing some examples of the marketplaces which support BTC for buying/selling the items is another good idea.

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January 20, 2019, 05:56:51 AM
 #478

Actually, if your government strictly implemented the use of cryptocurrency as a legal tender then you will all forcely use bitcoin as a mode of payment. But this are all being studied because the only independent variable in the equation is the crypto's high volatility nature. Its hard to have money with unstable value so it all be studied first.

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January 23, 2019, 09:43:41 PM
 #479

Its a process, its not simply by gathering people into BTC and making it as their currency, it will take tons of years before people completely jumps into Bitcoin, but I don't think that people would likely to make BTC as their currency right away, there will be a lot of doubts and arguments and I don't think that they are ready yet for this kind of change, lets take it slowly and let the process go its way.

Agree. Not everyone is accustomed to using digital or electronic cash for their daily purchases. Fiat currency has had a deep impact on everyone's lives for many years. For people to use Bitcoin as a currency, there needs to be confidence in it, the same way there is for the USD. Considering the regulatory uncertainty surrounding Bitcoin and other cryptocurrencies, it's very unlikely people will gain confidence in them anytime soon. However, as time goes by, Bitcoin will improve in many ways from being scalable to being regulatory compliant across diverse cryptocurrency exchanges.

As Fiat currency decays, people will shift their attention towards other alternatives that will help maintain their spending power. This means, that people will adopt Bitcoin and other cryptocurrencies for their own needs, especially because such medium of exchange does not rely on middleman or a central authority. Despite this, one needs to slowly introduce people into Bitcoin to help accelerate the process of adoption within the mainstream world. Just my thoughts Grin


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January 24, 2019, 02:18:05 AM
 #480

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.
making bitcoin into a payment tool, this really depends on each country,  if a country supports and provides supporting facilities for businesses that use bitcoin as a medium of exchange then making bitcoin as a currency is easy,  but if we are domiciled in a country that rejecting bitcoin then making bitcoin as a means of payment is very unlikely,  so it all depends on the policies of each country.

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