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Author Topic: How can we get people to use bitcoin as a currency?  (Read 24103 times)
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January 26, 2019, 12:33:12 PM
 #501

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.
In my community, there are now markets and stores that accepting cryptocurrencies. They became aware to what it is because of the local government. They created a program where people will learn what it is and how to use it.

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January 26, 2019, 01:33:41 PM
 #502

I make people use bitcoin or crypto currencies, I think it depends on the government, we cannot do anything if the government prohibits and has not formalized the crypto currency as the applicable currency



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January 26, 2019, 01:52:01 PM
 #503

I have used bitcoin to buy goods (some items), we can only transact with people who understand bitcoin and cryptocurrency if we use bitcoin to someone who does not understand it he will never want to use it . and of course if bitcoin stable more people want bitcoin

That is obvious man. And why would they even accept Bitcoin if they know nothing about it? These merchants accept Bitcoin since they know that they will be having a profit in the long run. And if you are saying that people will want Bitcoin more if it is stable, I think that will be harder since we all know that Bitcoin is a decentralized and a volatile crypto currency.

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January 26, 2019, 03:03:09 PM
 #504

I have used bitcoin to buy goods (some items), we can only transact with people who understand bitcoin and cryptocurrency if we use bitcoin to someone who does not understand it he will never want to use it . and of course if bitcoin stable more people want bitcoin

That is obvious man. And why would they even accept Bitcoin if they know nothing about it? These merchants accept Bitcoin since they know that they will be having a profit in the long run. And if you are saying that people will want Bitcoin more if it is stable, I think that will be harder since we all know that Bitcoin is a decentralized and a volatile crypto currency.
currently there are still a few who accept bitcoin as a means of payment, about 1% of the world's population uses it and it is spread throughout the world, so that only in certain online stores we easily find transactions using btc

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January 27, 2019, 07:55:20 PM
 #505

It isn't that easy to make people to use bitcoin similar to currency. For the same what we need is more marketplace to accept bitcoin as well other digital currencies. Right now only very few online Marketplaces have been accepting bitcoin into their businesses. Day to day usage need to increase only then it can get be sure to be same as currency.

This is exactly what i always say!. Attempting to sell the possible stabilization of Bitcoin soon is just plain unrealistic, it won't happen until years later.

What we can do is start to promote the wide usage of it and the more people see it in stores the more used they get to it and the more realistic it seems more than an "ethereal bubble" which is most people thinks right now.
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January 27, 2019, 11:42:09 PM
 #506

We need to increase demand for use of bitcoin in payment sytems. In order to make this there is only one way. To tell people how easy and safe it is to use it in bitcoin filing systems and to convince them. After demand comes, goverments can resist their voters and start to consider let use of bitcoin in traditional markets and business.

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January 28, 2019, 07:42:18 AM
 #507

I have used bitcoin to buy goods (some items), we can only transact with people who understand bitcoin and cryptocurrency if we use bitcoin to someone who does not understand it he will never want to use it . and of course if bitcoin stable more people want bitcoin

I agree with your opinion because not all people understand the use of cryptocurrencies like bitcoin. Online shops that accept bitcoin are still limited in this time especially in a country where bitcoin is not yet popular because of government sanction. In wealthy countries, there might a good number of stores or shops that accept bitcoins and there is a high chance that you can get people to use bitcoin as one of their currencies.

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January 28, 2019, 09:10:51 AM
 #508

I have used bitcoin to buy goods (some items), we can only transact with people who understand bitcoin and cryptocurrency if we use bitcoin to someone who does not understand it he will never want to use it . and of course if bitcoin stable more people want bitcoin

I agree with your opinion because not all people understand the use of cryptocurrencies like bitcoin. Online shops that accept bitcoin are still limited in this time especially in a country where bitcoin is not yet popular because of government sanction. In wealthy countries, there might a good number of stores or shops that accept bitcoins and there is a high chance that you can get people to use bitcoin as one of their currencies.

why not educate them so that they wontt be left behind ?  if a person dont understand bitcoin , it does not mean that he will not understand it forever . as soon as you show your proofs that bitcoin can make you earn cash  , for sure it can attract others  .   thats what im actully doing right now  . i encourage my friends and neighbors or any other people that i come across becuase i want bitcoin to become popular here on our country  . 
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January 28, 2019, 10:10:06 AM
 #509

It's not so much an issue of acceptance, but an issue of scalability. Bitcoin processes 7 transactions per second. It doesn't have the framework to sustain mainstream adoption as a currency. Bitcoin cash deals with this issue, but it's still nowhere near the likes of VISA.
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January 28, 2019, 03:21:06 PM
 #510

Exactly. That is the point of introducing cryptocurrencies to more people. We should just make it a habit of them and get used to it without making them know. For example, if you sell things and you accept cryptos as a way of paying it is a way of giving them the incentive to get them involved and study about what Bitcoin is.

There needs to be an involvement of crypto enthusiasts with the purpose of driving people into using cryptocurrencies for their daily lives. Without promotion/marketing, people will not be aware that Bitcoin exists as an alternative medium of exchange. I believe that what's limiting Bitcoin into being used by anyone in the world, is its volatility and lack of user friendliness. It needs to be able to maintain itself stable in price, while being cheap and efficient to be able to compete against traditional payment systems.

Once this is achieved, then many merchants and businesses will begin to accept Bitcoin, attracting new people into the digital currency. Hopefully, with the Lightning Network and further regulations from governments towards crypto exchanges, Bitcoin can achieve stability in price while being instant, and cheap for anyone to use around the world. In the meantime, not many people will use Bitcoin as a currency because of said limitations. Just my opinion Smiley


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January 28, 2019, 04:21:19 PM
 #511

Bitcoin can be used if legalized by the state because it can increase public trust and make it a common transaction tool to replace fiat with a fast process.
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January 28, 2019, 05:10:40 PM
 #512

Price fluctuations are the main problem, bitcoin is not suitable to be used as a payment currency because the price is very unstable.

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January 29, 2019, 05:14:02 AM
 #513

I think one of the best way to get people use bitcoin is when we keep using it And speak good news about it to others. It may be quite difficult at this time because most of us are not enjoying the best of it, we are just enduring this period and it is not sweet to ears when we are complaining bitter. But hopefully when the bull run comes and people see what is coming out of it, they will ask us themselves.


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January 29, 2019, 05:16:44 AM
 #514

I think one of the best way to get people use bitcoin is when we keep using it And speak good news about it to others. It may be quite difficult at this time because most of us are not enjoying the best of it, we are just enduring this period and it is not sweet to ears when we are complaining bitter. But hopefully when the bull run comes and people see what is coming out of it, they will ask us themselves.

When the big guns have invested so much at 18K price and now look at the price , we might talk good about it but what matters is everyone who is using and who holds majority stake ( although they have suffered loss ) talks good about it .

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January 29, 2019, 05:31:26 AM
 #515

Regulation is just really the big hindrance at this moment or the government itself but it's actually easy to get people to use it if it is resolved. Most of products that are just newly launched frequently give discounts and promos to attract new customers and that is an easy way to make them use btc if we copy that strategy.

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January 29, 2019, 06:46:58 AM
 #516

Regulation is just really the big hindrance at this moment or the government itself but it's actually easy to get people to use it if it is resolved. Most of products that are just newly launched frequently give discounts and promos to attract new customers and that is an easy way to make them use btc if we copy that strategy.
so far I have only found people who use bitcoin like money on the internet. well, that's because bitcoin can't be used as a medium of exchange in some countries. That's because the government has a regulation that makes illegal bitcoin used as a currency, because it contradicts several applicable regulations. however, some countries still allow using bitcoin as an investment tool.

                                                                               
                 
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ToyotaFortuner
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January 29, 2019, 05:44:18 PM
 #517

people can get a bitcoin currency by buying or mining or maybe you can get it from the faucet which seems to be not so possible at the moment so you should be able to get bitcoin by buying it to make it easier.
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January 29, 2019, 06:45:25 PM
 #518

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.

First do we really need to convince people to make bitcoin to have it and treat it as a currency?
We all know that majority still will not gonna easy to adopt bitcoin at once. Though, we knew for us this is a currency but majority
are thinking this is a kind of scam in online even we knew its not. So, perhaps people  will only use bitcoin if they find out that most people
are now getting unto bitcoin.

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January 29, 2019, 09:49:09 PM
 #519

It isn't that easy to make people to use bitcoin similar to currency. For the same what we need is more marketplace to accept bitcoin as well other digital currencies. Right now only very few online Marketplaces have been accepting bitcoin into their businesses. Day to day usage need to increase only then it can get be sure to be same as currency.

Agree. Without merchant acceptance, people won't have a reason to use Bitcoin at all. I believe that the main issue with Bitcoin is the volatility in price. A currency needs to be as stable as possible for people to trust it. Bitcoin lacks stability, which renders it useless for business use. Not to mention, transaction speed is slow, and fees are high. To get people into using Bitcoin as a currency, there needs to be a solution to the mentioned flaws.

Hopefully, with the Lightning Network, we could attract more people into using Bitcoin for their daily lives. The benefits are numerous such as instant transactions, and cheap fees. However, for volatility to be solved, there needs to be proper regulatory measures across cryptocurrency exchanges. Only then, Bitcoin will be comparable to a traditional currency or Gold, whose value isn't extremely volatile within short periods of time.

Nonetheless, the more we spread the word about Bitcoin, the better as people will become curious into using cryptocurrencies on top of existing fiat currencies. Just my opinion Smiley


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January 29, 2019, 10:52:58 PM
 #520

I think it will be difficult to make people use bitcoin for currencies, except people who already know bitcoin.
Until now, we, people who know about bitcoin, only use bitcoin for investment and trading, not to use bitcoin as a real currency.

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