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Author Topic: How can we get people to use bitcoin as a currency?  (Read 23526 times)
charlemagne_15
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October 19, 2018, 01:54:07 AM
 #61

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 perspective, that was a lillte bit impossible due to bitcoin cannot be define as a currency you really think for a reason that a very little population in the world considered bitcoin as a currency. Also, the price of it is unstable so exchanges of it may varies. Only few institution or business are accepting it.

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Cuk0ng_bitc0in
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October 19, 2018, 02:21:51 AM
 #62

when btc price grow up on desember 2017, many people search for news and want to know what bitcoin is. that is when it must be responsive to invite and introduce bitcoin as currency.
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October 19, 2018, 02:41:53 AM
 #63

The first thing we have to do is first introduce bitcoin, so they know the basic functions and advantages of bitcoin. that way, they will be curious and start trying it. But what we have to remember does not force them because when they are comfortable and understand about bitcoin they will definitely switch to using bitcoin compared to paper currency after they feel all the advantages and conveniences of using bitcoin.
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October 19, 2018, 03:27:18 AM
 #64

Infact, more and more people are getting to use bitcoin everyday, this can be estimated how fast bitcoin is attracting new people by looking into bitcoin history.
In 2017 15 million bitcoins were total and now more than 17.3 are in hands of people
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October 19, 2018, 07:58:10 AM
 #65

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.
for everyone using bitcoin it certainly still requires the most important time and process for the legality of the government and the state, if the country already uses crypto currency as the prevailing currency, of course indirectly it will make that person use it too

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October 19, 2018, 08:05:50 AM
 #66

Tell this to the government and we may see some strings pulling towards us. I mean crypto currencies lack that regulatory structure which it should be having if it ever wanted to run through the real world and people's wallet in their pants.  Wink

Without any proper infra and regulations crypto will be running in the similar fashion as it does today. They will keep on running over the public ledger and in peer to peer ways. It lacks its currency definition because of that matter and hence its not that much effective as currency.


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October 19, 2018, 08:53:30 AM
 #67

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.
Yes, I understand, but the bitcoin price instability itself is not acceptable by many online stores to implement the payment method using bitcoin, whether it is legal or not bitcoin is not a problem to be used as a payment system. But that is what I felt first when I shop using bitcoin at an online store, then their shop closes after the fall of the bitcoin market, it has nothing to do with bitcoin's legality because the government in my country is neutral about bitcoin.

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October 19, 2018, 08:55:22 AM
 #68

Volatile price prevents a lot of businesses from accepting bitcoin as a payment. But then, bitcoin has been volatile since its inception. I think what merchants are really afraid of is a bubble burst. And if merchants don't accept it, how come people can use it?
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October 19, 2018, 08:56:11 AM
 #69

If people want to use bitcoin as a currency, they need to make the market stable. Most of the people out there want to some investment and make quick money. It's kind of contradictory.
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October 19, 2018, 08:58:16 AM
 #70

make it easier for them to use them

give them a reason as in privacy, lower fees etc.
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October 19, 2018, 11:43:26 AM
 #71

its hard to change what they think about bitcoin. people will do the easy way to get something, moreover that is money. and im sure that you earning bitcoin for money too.
but is there someone use bitcoin as currency. maybe they use it in offline, and when they want to buy something with crypto member
In real life cases, there are some merchants accepting bitcoin as payment, but when generalizing it, it is a whole lot low and for sure, we are not even close to mainstream adoption yet and there are so many concerns when it comes to scaling, volatility and the rest which is why we may not have been seeing some improvement in that aspect of mainstream adoption yet, but I believe this is something that would pass and we will get to see people beginning to get used to the idea of bitcoin as a currency and using it in everyday life. Development is a process, and we just have to be patient for it.
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October 19, 2018, 12:26:17 PM
 #72

Bitcoin is currently unstable which is huge deal that is holding it back from using it as a currency. So if it becomes stable it can be used.


And being stable means that it will not be a decentralized crypto currency since that means someone is controlling the prices. That is bad since there are investors that wants the decentrality of Bitcoin and other crypto currencies. Also, investors take advantage of its volatility, and with stable price, there will be no volatility but just centralization.

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October 19, 2018, 12:38:35 PM
 #73

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.

You cannot force people to use bitcoin as currency because there are only a few things as what you mentioned that can be bought with bitcoin. When it comes to our country, I am using bitcoin as currency at times because I use it to pay some of my bills like credit card, phone bills etc. because our platform permits us to do so.

However, not all country has this kind of platform and in case they need money, they are force to exchange it to fiat first because most of the transactions can only be paid in fiat. It would start with the merchants if they would consider adopting it and then people would use it as currency.

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santiPOGI
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October 19, 2018, 12:43:14 PM
 #74

Bitcoin is a currency for the whole world.
To get more people in this platform we need to have more merchant globally.
BTC should be use in our daily basis in any stores.

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October 19, 2018, 01:56:15 PM
 #75

what people think is always different each other. some people use it as currency for a while and other use for cash. and i admit it, im here for cash too. but we got thing other than cash.
people will do what ever as long as it is profit for theirself. if it profitable as currency, they will use it as currency.
government must support crypto and implement in their country. try little by little in some market.

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October 19, 2018, 06:03:40 PM
 #76

Another thing we forget whenever the topic is to use bitcoin as a currency is that this is a global thing that wouldn't have any middleman.

I mean paypals and all similar stuff that allows you to work with other people without directly sending money to them via your bank account helps a lot I am not going to lie, if you want to send someone money from USA to India it would definitely take a lot of time and a lot of trouble whereas if you use paypal to do it that would help a lot and you can do it much easier than bank account to bank account directly without paypal.

However when you do it via bitcoin you do not even need bank account let alone anything else, you just type in their wallet address and than click send, easiest method in the world to send money all over the world.

Hence, we should start using bitcoin as a cryptocurrency by starting spending money digitally, an amazon like website or similar ideas that we can spend money with bitcoin should probably lead bitcoin into currency region instead of investment.
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October 20, 2018, 01:20:56 AM
 #77


I think bitcoin will not be suitable for businesses because of its volatility. Sad but it's true.

lack of regulations are the biggest problem we have today


That's one of the points also. Generally, governments don't know how they will regulate crypto and so they have this tendency to not allow businesses to use it. I wonder how they do it Germany and Spain. I heard that some establishments there use crypto, bitcoin, for payments.
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October 20, 2018, 10:36:52 AM
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 #78

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 the only way you can get people to accept the fact that Bitcoin is a medium of exchange and not a way of getting money is if the price stops being volatile. Most people wouldn’t agree to make use of Bitcoin as a medium of exchange because they fear that they will lose it, so they will prefer to use platforms like PayPal cause it’s safe and whatever you put in it is what you get, no rise and no fall.

I know that the purpose of which Bitcoin was made is for payments online, but ever since people noticed that the price kept rising, they seized that opportunity to start manipulating it. And by the way, Bitcoin is like a currency/asset on its own and not a platform.
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October 20, 2018, 02:27:39 PM
 #79

There are still many problems here that cause limited use of bitcoin for currencies so very few merchants accept it/ first is less adoption, so that merchants have not received many demand to accept payment with bitcoin. and second is regulation, regulation is needed, then merchants all over the world want to accept it, if that happens then it is very possible we use bitcoin like using fiat..
Scaling debate has been the major thing right from the onset when it comes to having bitcoin being used globally as a currency. Asides from that, the speculators just keep popping into the market and until we probably see some high level of global adoption or people getting to see the value it creates as a currency, when it comes to the ease of usage without having to rely on the bank, then I am sure they will know better on their own to utilize it as a currency and not just as an asset.

If you really want people to be making use of bitcoin as a currency, then we need to leave the stage where bitcoin is seen as just a purely speculative asset and people need to start understanding its real value. If that is not in play, the idea of someone not just looking to store value or get rich quickly will always be there. This is still a young space, and I believe a lot of things will change with real life usage in the long run, but before then, we will need to start seeing merchants popping up that is accepting the usage of bitcoin, the idea of easy usage being a thing, and then seeing almost every sector touched in that perspective.

Nonetheless, before we would even get to see this happen, we would have gotten to a stage in which there is already massive adoption globally and then the possibility of seeing some level of stability in place.
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October 20, 2018, 02:48:50 PM
 #80


I think bitcoin will not be suitable for businesses because of its volatility. Sad but it's true.

lack of regulations are the biggest problem we have today


That's one of the points also. Generally, governments don't know how they will regulate crypto and so they have this tendency to not allow businesses to use it. I wonder how they do it Germany and Spain. I heard that some establishments there use crypto, bitcoin, for payments.

I have heard the same like there are organizations which pays their staff using bitcoin and if that's true then there will be too much of discrepancy due to volatile nature of bitcoin which is gaining stability now, Bitcoin can be the best alternative for money i mean fiat but it cannot replace fiat and government registered business cannot run depending on bitcoin.
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