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Author Topic: How can we get people to use bitcoin as a currency?  (Read 22982 times)
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March 03, 2019, 07:21:55 AM
 #641

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 fact of the matter is that on the Internet there are only a few sites where you can pay with cryptocurrency. Cryptocurrency has not yet received wide distribution. It takes time. It is necessary for the states to legalize cryptocurrency, determine the order of its circulation, establish clear rules for its use for various forms of business structures. If it is convenient, they will begin to use cryptocurrency. Therefore, forcing someone to use cryptocurrency is not necessary. For this must mature the necessary conditions.

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March 03, 2019, 10:50:23 AM
 #642

If we want this, of course there is a big role from the government of each country that indeed must be able to provide a big rule in every country where they can legalize cryptocurrency as an investment.
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March 03, 2019, 11:25:21 AM
Last edit: March 03, 2019, 11:42:18 AM by FlightyPouch
 #643

If we want this, of course, there is a big role from the government of each country that indeed must be able to provide a big rule in every country where they can legalize cryptocurrency as an investment.

If they will be accepting Bitcoin in their country, that just means they are openminded and they accept new technologies that might open their citizen to new possibilities or new things that can or might improve their country. Bitcoin is legalized in our country, even though it is not that popular to our people since we are just a third world country.

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March 03, 2019, 12:53:14 PM
 #644

Not as stable as Bitcoin prices become an obstacle to being able to become a currency, besides that Bitcoin cannot be accepted in the global economy market, we can see it from several countries that have not fully legalized Bitcoin. But everything can happen, but still requires a long process.
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March 03, 2019, 05:17:25 PM
 #645

Not as stable as Bitcoin prices become an obstacle to being able to become a currency, besides that Bitcoin cannot be accepted in the global economy market, we can see it from several countries that have not fully legalized Bitcoin. But everything can happen, but still requires a long process.
You are right, maybe you are starting with the intention of having a fully expanded market with bitcoin, but some progress is already being made, even in Spain, where the regulations and laws are strong, and Hacienda is doing a lot of follow-up, there is presence of establishments that accept bitcoin as payment.

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March 03, 2019, 06:20:46 PM
 #646

If we want this, of course there is a big role from the government of each country that indeed must be able to provide a big rule in every country where they can legalize cryptocurrency as an investment.
I don’t think it is important for crypto currency to be legalize because even without this permit in several countries bitcoin is being use and people are easily buying and selling goods with bitcoin, in my state government has no concern with bitcoin, people are investing in it, using it for purchasing and markets are accepting it as currency, so I think gradually it is being famous to use as currency.

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March 04, 2019, 02:29:15 AM
 #647

well. it is hard for now. because bitcoin is not enough fast for daily usage. network size and transaction speeds are not proper for practicle usage. but there are better crypto currency solutions already in the market instead of bitcoin.
Only few people are not agree to use crypto currency but most of us are ready to use bitcoin as there are so many sites which use to deal with it, everything is possible and I am sure soon people will only use crypto currency for payment and they will not use fiat, so in this modern age it will not take much time to make all benefits of crypto currency to even ordinary people.
I think it's not about someone who agrees to use it for currency or not, but lack of acceptance, lack of merchants, and the difficulty of using crypto to buy goods. if the world has accepted bitcoin, and using bitcoin is as easy as using fiat, then everyone will automatically spend using bitcoin, thats the rule
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March 04, 2019, 10:17:06 AM
 #648

well. it is hard for now. because bitcoin is not enough fast for daily usage. network size and transaction speeds are not proper for practicle usage. but there are better crypto currency solutions already in the market instead of bitcoin.
Only few people are not agree to use crypto currency but most of us are ready to use bitcoin as there are so many sites which use to deal with it, everything is possible and I am sure soon people will only use crypto currency for payment and they will not use fiat, so in this modern age it will not take much time to make all benefits of crypto currency to even ordinary people.
I think it's not about someone who agrees to use it for currency or not, but lack of acceptance, lack of merchants, and the difficulty of using crypto to buy goods. if the world has accepted bitcoin, and using bitcoin is as easy as using fiat, then everyone will automatically spend using bitcoin, thats the rule
The usage of bitcoin at present is very low when compared to the fiat usage everywhere. More service renders initiate the plan of accepting bitcoin, but the same didn't last for a much longer time period as they didn't get back the expected revenue through the same. Bitcoin as a currency will happen with the upcoming generation as they were all technology associated.

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March 04, 2019, 11:41:26 AM
 #649

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 main thing that we should implement in to our daily life, it's using payments by any cryptocurrency or general one's, then people who are intresting in to using cryptocurrencies will definitely use this techonology and share the possibility with it usage. The first step should be govermant that will accept this techonology or money usage then people who are intrested will start using this. People would be shocked for the first time, but personaly it should be implemented at more technological countries that would easier configure it


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March 04, 2019, 02:12:57 PM
 #650

In my country we can easily convert crypto to our fiat currency through online banking.  We Bitcoin is almost a currency that is used by millions of people around the world so what do you mean by "as a currency"? Crypto Currency is becoming bigger and better as time passes on. Many people use bitcoin as a real currency. Crypto can be converted into fiat money by simple steps. We can them through advertising and also recommendations

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March 04, 2019, 10:36:30 PM
 #651

Jack Dorsey is already trying to push this forward, especially with his cash app and support of the lightning network. Once LN is ready, it is ready to use
Appreciated Jack, he's been mentioning and he's giving exposure to bitcoin.

And that means that people should start using and buying it, the doubt that has been created to those skeptics can also be gone in due time.
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March 05, 2019, 01:29:17 AM
 #652

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 fact of the matter is that on the Internet there are only a few sites where you can pay with cryptocurrency. Cryptocurrency has not yet received wide distribution. It takes time. It is necessary for the states to legalize cryptocurrency, determine the order of its circulation, establish clear rules for its use for various forms of business structures. If it is convenient, they will begin to use cryptocurrency. Therefore, forcing someone to use cryptocurrency is not necessary. For this must mature the necessary conditions.

Bitcoin created as peer to peer transaction currency but with lightning network development, it could bring bitcoin in new phase. But to be currency, its need government regulation and its happen if others country following Japan step

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March 05, 2019, 01:52:00 AM
 #653

Before getting people use bitcoin as a currency we hope will have regulated or allowed using bitcoin as transaction payment by government, without legal by government we can't find people will use bitcoin as a currency.

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March 05, 2019, 04:57:33 AM
 #654

well. it is hard for now. because bitcoin is not enough fast for daily usage. network size and transaction speeds are not proper for practicle usage. but there are better crypto currency solutions already in the market instead of bitcoin.
Only few people are not agree to use crypto currency but most of us are ready to use bitcoin as there are so many sites which use to deal with it, everything is possible and I am sure soon people will only use crypto currency for payment and they will not use fiat, so in this modern age it will not take much time to make all benefits of crypto currency to even ordinary people.
I think it's not about someone who agrees to use it for currency or not, but lack of acceptance, lack of merchants, and the difficulty of using crypto to buy goods. if the world has accepted bitcoin, and using bitcoin is as easy as using fiat, then everyone will automatically spend using bitcoin, thats the rule
The usage of bitcoin at present is very low when compared to the fiat usage everywhere. More service renders initiate the plan of accepting bitcoin, but the same didn't last for a much longer time period as they didn't get back the expected revenue through the same. Bitcoin as a currency will happen with the upcoming generation as they were all technology associated.
I think so, because currently resources, from the human side and acceptance are still very lacking, people are still comfortable with cash, there are still few people who know about crypto and so on. maybe the use of crypto will be more intense when a new generation emerges
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March 05, 2019, 06:41:51 AM
 #655

there are only a few stores who are accepting it as payment.

nah, I don't think so. there're enough stores who are accepting btc, eth or their own cryptocurrencies as a payment. openbazaar, modultrade, bitify and so on. there's nothing new in buying things using crypto actually, so if you want to spend something — it won't be a problem.
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March 05, 2019, 08:43:10 AM
 #656

If we want this, of course there is a big role from the government of each country that indeed must be able to provide a big rule in every country where they can legalize cryptocurrency as an investment.
I don’t think it is important for crypto currency to be legalize because even without this permit in several countries bitcoin is being use and people are easily buying and selling goods with bitcoin, in my state government has no concern with bitcoin, people are investing in it, using it for purchasing and markets are accepting it as currency, so I think gradually it is being famous to use as currency.

The question of importance is relevant if we speak about the global usage of crypto. If we really wanna be global, then government intervention is an important thing in case of regulation.
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March 08, 2019, 02:48:18 PM
 #657

Bitcoin BTC can be a currency only if its price is stable.
I think so it’s Unnecessary because Bbitcoin value is never stable.The feature of its sharpness bitcoin is a unstable assets.but it important think people can be use bitcoin as a currency.looking history bitcoin market cap,transaction, volume and number one in the crypto market.
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March 08, 2019, 03:31:57 PM
 #658

there are only a few stores who are accepting it as payment.

nah, I don't think so. there're enough stores who are accepting btc, eth or their own cryptocurrencies as a payment. openbazaar, modultrade, bitify and so on. there's nothing new in buying things using crypto actually, so if you want to spend something — it won't be a problem.

It's very easy to spend what you have with just a few times and it is very true for now many markets have been able to buy goods using Bitcoin.

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March 08, 2019, 06:15:45 PM
 #659

if more merchants use the bitcoin as a mode of payments we can expect btc as the main form of currency it all depends of demand for cryptocurrency as mainstream currency
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March 09, 2019, 02:56:20 AM
 #660

Not as stable as Bitcoin prices become an obstacle to being able to become a currency, besides that Bitcoin cannot be accepted in the global economy market, we can see it from several countries that have not fully legalized Bitcoin. But everything can happen, but still requires a long process.

Agree. It's a long process, but we'll get there eventually. Bitcoin's unstable prices is largely because of the lack of proper regulations from governments within the crypto market. If governments would "stabilize" the market (by preventing price manipulations, etc), then Bitcoin would become closer to being used as a real currency. Until that time comes, then I'm afraid that Bitcoin will be viewed by many as a store of value or an asset rather than something you can use daily.

The legalization of Bitcoin across several countries shows that progress is being made, but there's still a lot to do before Bitcoin can be trusted by people in the mainstream world. The best thing we could do, is to show the benefits of Bitcoin to an average Joe so they can use it as an "alternative currency" to Fiat.

But again, it's a long process. It's not going to be easy because people are accustomed to Fiat for a long time. Still, it's not impossible to get more people into using Bitcoin for their daily lives. Just my thoughts Grin


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