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Author Topic: How can we get people to use bitcoin as a currency?  (Read 23021 times)
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April 12, 2019, 10:49:26 AM
 #701

It might not be now but some years to come we are going to have many people and countries using bitcoin and others cryptocurrencies.  If you look at the world events and the financial information coming out you will find out that Cryptocoins is becoming part of the world decisions and that is a sign of adoption too.

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April 12, 2019, 12:57:13 PM
 #702

The only way to make people to use bitcoin as a currency is by general adoption of bitcoin as a regular currency and for business to start to accept bitcoin for payment of they goods and services. In that way we will not need to exchange bitcoin to other coin before using it.

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April 12, 2019, 01:04:13 PM
 #703

Everytime I do business online now I ask for Bitcoin. I thought people would refuse but to my surprise a lot of them had BTC and gladly settled!

If everyone did the same BTC would quickly gain widespread acceptance. It just needs critical mass of adoption.
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April 12, 2019, 01:30:26 PM
 #704

Everytime I do business online now I ask for Bitcoin. I thought people would refuse but to my surprise a lot of them had BTC and gladly settled!

If everyone did the same BTC would quickly gain widespread acceptance. It just needs critical mass of adoption.
That's where the challenge lies. To get people who are outside the crypto community to use it with us. Of course it would be obvious that the people you were able to transact with are crypto users and are within the community. One option is to keep using it as such and let other people see that we're freely using crypto with confidence. They may imitate us in the future.

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April 12, 2019, 02:32:03 PM
 #705

Everytime I do business online now I ask for Bitcoin. I thought people would refuse but to my surprise a lot of them had BTC and gladly settled!

If everyone did the same BTC would quickly gain widespread acceptance. It just needs critical mass of adoption.
That's where the challenge lies. To get people who are outside the crypto community to use it with us. Of course it would be obvious that the people you were able to transact with are crypto users and are within the community. One option is to keep using it as such and let other people see that we're freely using crypto with confidence. They may imitate us in the future.
giving awareness to others to use crypto certainly starts from our own, it is not easy to explain crypto to others, before we show concrete evidence of the results. because in my country it hasn't been legalized, of course it's hard to see crypto for daily needs

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April 12, 2019, 02:53:56 PM
 #706

It might not be now but some years to come we are going to have many people and countries using bitcoin and others cryptocurrencies.  If you look at the world events and the financial information coming out you will find out that Cryptocoins is becoming part of the world decisions and that is a sign of adoption too.

News that helps many people to know about the crypto world today. Maybe this would have good intentions to continue investing with Bitcoin and other types of coins.

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April 12, 2019, 03:46:03 PM
 #707

One of the simplest ways which we can help people to start using bitcion as payment method is to first of all teach them how to make transactions. So many folks are afraid of all the thefts and hacking cases that spread through the cryptospace and don't feel secured to use cryptocurrencies. if this fear is allayed by teaching them exactly what they should do so that their wallets don't get hacked i think people would change their mind and start using bitcoin to make transactions.

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April 12, 2019, 04:32:08 PM
 #708

When there is more marketplace acceptance automatically the usage of bitcoin as a payments will increase. This will gradually get to make it same as a currency, the present time hasn't got limited Marketplaces accepting bitcoin. Also these Marketplaces were much available online, when offline stores with bitcoin acceptance increase we can assure with the bitcoin as a currency.

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April 12, 2019, 05:09:39 PM
 #709

It's not that easy to get people to use bitcoin as a daily currency in a daily routine because they wanted to have physical things. People especially the old generations are used in fiat and gold so it's very hard for them to believe in a digital currency. Maybe we, the new generation, might have a chance to make our community as a smart city where bitcoin is the main currency for having a transaction. We are not yet in the process of being a smart city, there are a few advanced technologies but it's not quite good like we see in the cyberpunk(lol).



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April 12, 2019, 05:28:07 PM
 #710

When there is more marketplace acceptance automatically the usage of bitcoin as a payments will increase. This will gradually get to make it same as a currency, the present time hasn't got limited Marketplaces accepting bitcoin. Also these Marketplaces were much available online, when offline stores with bitcoin acceptance increase we can assure with the bitcoin as a currency.
Still it may not be accepted as currency if bitcoin has the volatility on its price,when people want to use bitcoin as currency it must have atleast stable range value or it will be considered as an investment only.

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April 12, 2019, 06:21:00 PM
 #711

I think that at the moment people are very comfortable living in the hoax that fiat money means, because apparently they have not realized the imminent great crisis that is looming, and maybe only then will they realize how important it was to look an alternative to the oppressive financial system that dominates us today. While this great world crisis does not happen, I do not see the way in which people start to prefer cryptocurrencies to cash.

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April 12, 2019, 09:08:52 PM
 #712

Everytime I do business online now I ask for Bitcoin. I thought people would refuse but to my surprise a lot of them had BTC and gladly settled!

If everyone did the same BTC would quickly gain widespread acceptance. It just needs critical mass of adoption.
That's where the challenge lies. To get people who are outside the crypto community to use it with us. Of course it would be obvious that the people you were able to transact with are crypto users and are within the community. One option is to keep using it as such and let other people see that we're freely using crypto with confidence. They may imitate us in the future.
giving awareness to others to use crypto certainly starts from our own, it is not easy to explain crypto to others, before we show concrete evidence of the results. because in my country it hasn't been legalized, of course it's hard to see crypto for daily needs

Absolutely right! If we try to educate people about Bitcoin and its great advantages and potential over fiat then I think we can convince some of them to  try to use it because I personally think that lack awareness and know-how would discourage ordinary people to adopt it and its a huge challenge for us to persuade those skeptics to believe on this modern technological marvel.


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April 12, 2019, 11:25:26 PM
 #713

Bitcoin is a currency, but don't expect ordinary people to use it as a tool to pay, everyone knows that the change in the price of Bitcoin is very scary, very fast and very unstable. our focus in the future is how to get people to use more stable coins (Stable Cryptocurrency) like EURS, USDT, GUSD, TUSD, and USDC which are very stable.

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April 13, 2019, 12:29:51 PM
 #714

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 now, to find stores who accepting bitcoin is so hard. Shop like that is very rare. But it is not a problem because actually bitcoin is accepted by many big companies. The latest one of company who accept bitcoin is AVNET (U.S. Company), it is major enterprise in USA. make offline stores to accept bitcoin is so hard because the need fast velocity of monet to make their business keep running, those stores need supply from the supplier but most of supplier don't accept bitcoin. The most effective way is by legalization from the government.

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April 13, 2019, 05:27:00 PM
 #715

Bitcoin is a currency, but don't expect ordinary people to use it as a tool to pay, everyone knows that the change in the price of Bitcoin is very scary, very fast and very unstable. our focus in the future is how to get people to use more stable coins (Stable Cryptocurrency) like EURS, USDT, GUSD, TUSD, and USDC which are very stable.

Many Dapps solutions are being built right now to address liquidity issues that might arise with Bitcoin and other crypto transactions in order to protect the interest of both merchants and their customers. And with regards to the idea of stable coins to be utilized instead of Bitcoin, I think it will not have massive adoption since it has poor merchant adoption right now as compared to top cryptocurrencies and also, investors would want to invest in promising new crypto projects and not on stable coins which has limited or small ROI.


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April 13, 2019, 08:52:01 PM
 #716

Well, before people starting using bitcoin as a currency we need first shops who accept bitcoin as a currency and put the price also in bitcoin, so we need more and more who will use bitcoin or we need people to use cards who can be loaded with bitcoin or with some app where we can store bitcoin and get card for payments.

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April 13, 2019, 09:14:51 PM
 #717

Just need time. Over time, Bitcoin will enter our daily lives and be the same currency as any other money.
Yes, time has a major role in this. There are very few people around us who do not already hear about btc. But, in order to build reliance in this issue, there is a need for continued development over time.
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April 13, 2019, 09:36:49 PM
 #718

Bitcoin as a currency
_________________________________________
First things first , a currency needs to be :-
Stable
Widely acceptable

That means governments needs to actually allow it to be used so that there is no problem in the transactions from the government's side and also at the same time it shouldn't actually gain or loose a lot of price in a Short amount of time.

Bitcoins have problem with both of them but still at the same time you can actually do a lot of stuff with Bitcoins , buy a lunch and stuff like that.

It will be easier when these two requirements are met but you know it's not just a normal currency it's crypto-currency that means it is a store house of value and a investment at the same time , I think it's perfect the way it is right now .
🙌😁



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April 14, 2019, 06:11:06 AM
 #719

Well, before people starting using bitcoin as a currency we need first shops who accept bitcoin as a currency and put the price also in bitcoin, so we need more and more who will use bitcoin or we need people to use cards who can be loaded with bitcoin or with some app where we can store bitcoin and get card for payments.
Of course by showing how bitcoin works and how bitcoin can be used to pay, from there people will believe that bitcoin is a digital currency.
In its use, bitcoin is converted with the USD that applies at that time, so that between the consumer and the store there is a price agreement, so there is no difference that results in people not believing in bitcoin. Maybe one store with another store determines the bitcoin exchange rate is different, equal to the exchange rate of USD with Euros, Yen or others.

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April 14, 2019, 10:58:14 AM
 #720

i think the reason that people do not like to use cryptocurrencies as a real currency is the volatility. the volatilities are so damn high and that is why normal people are scared to use it as a currency.


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