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Author Topic: How can we get people to use bitcoin as a currency?  (Read 25232 times)
okala
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October 16, 2018, 06:58:30 PM
 #21

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.
We can get people to start using bitcoin by we begin to used it ourselves. Many of us has used bitcoin as a store of value and treat it like stock and commodity. I will advise that we should start telling people we meet daily of the advantages of using bitcoin and other cryptocurrencies.

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October 16, 2018, 08:59:30 PM
 #22

This has been a rhetorical question for quite some time now, and as what I'm always saying, we need more places to spend, not the volatility to be gone. Bitpay and similar services exist, so there's really not enough reason for merchants to be scared of volatility if there are processors who handle those said issues. Most of the time, people use bitcoin for speculative purpose since the incentive is always present for them; opportunity to profit is never absent, but the places to spend those bitcoins are nonexistent, so they are only left with one economical and practical choice.

You can't stop volatility just like that. As long as large amounts will remain in the hands of whales, and as long as there are very few options to spend coins, without being forced to use an exchange, the volatility will be there. Typical fiat money will not enter the market affecting charts every time someone buys a plane or a yacht. It goes to the seller and the seller goes to another seller, who provides him with raw materials to start another project and pays his employees, who then go to another place to buy food and pay mortgage. A typical dollar bill can circulate for 10 years and never touch a currency exchange.

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October 16, 2018, 09:39:09 PM
 #23

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.

It is to how much a local exchange could offer. I believe there is nothing global yet.
Services like water bills or electric bills payment could be a good way but as I said only local exchange could do such a thing.

All we can buy now are items and things that are in department stores. Person to person transactions can be done too. With large amounts of money that will be sent bitcoin is the answer to avoid being questioned. Western Union does that and would not make it happen.
Just think of it as a better WU.

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October 16, 2018, 10:54:13 PM
 #24

It has just began. People now are beginning to recognize and get into Bitcoin day by day  and in several countries it has been recognized as currency that Bitcoin is becoming means of transaction for purchasing and others. Of course it is need time to be have wider spread of the usage of bitcoin.

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October 16, 2018, 11:11:29 PM
 #25

If they are open minded and accept bitcoin to be an online currency that can be use for all people, we will share some knowledge to them to think positive that what bitcoin make us more easier when it comes in payable things so if they learn it immediately and understood then they will share it to everyone and everyone will accept bitcoin without a doubt.
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October 16, 2018, 11:24:42 PM
 #26

It has just began. People now are beginning to recognize and get into Bitcoin day by day  and in several countries it has been recognized as currency that Bitcoin is becoming means of transaction for purchasing and others. Of course it is need time to be have wider spread of the usage of bitcoin.
It began back when Silk Road was still operating, and ended shortly after that. We never managed to regain the share of actual currency use, and after so many years that's quite a disappointment in my opinion.

We need the lightning network up and running and people to shift their focus more towards Bitcoin being a currency instead of an investment tool. I am confident that our patience will pay off, but it could take a couple of years.

People in third world countries are the first to adapt to the change with how they really need it, and for that reason I expect most of the growth to happen on that front. Bitcoin is there to 'bank' the unbanked.

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October 16, 2018, 11:52:56 PM
 #27

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 if all the people adopted bitcoin as a new currency and not just investment, actually some country has their own machine for bitcoin like in Singapore and Japan, in Japan they accept bitcoin as their new currency so if this was implemented all over the world then it will became the universal money so you don't need to change your money so that you can use their money just bitcoin will do.
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October 17, 2018, 12:03:38 AM
 #28

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

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October 17, 2018, 02:11:51 AM
 #29

As long as everybody has an access to the internet, then there's a possibility that BTC can be used by everyone. It is obviously a digital currency wherein internet is the basic and needed way.

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October 17, 2018, 02:17:07 AM
 #30

Bitcoin BTC can be a currency only if its price is stable.
and that won't happen. bitcoin is a decentralized currency in which no one controls it in the market and everyone who is called an investor makes the pump or dump itself. the situation will continue with efforts to make profit, and bitcoin will not be stable.

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October 17, 2018, 03:23:49 AM
 #31

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
We just need to continue to do what we did until now, others will see that and they will join. There isnt any other way, forcing people into something is very bad thing to do, usually when you force people to do something they dont want to they begin to feel repulsion. With time anyone can change opinion, we just need to continue to do what is right, in what we strongly believe, when other notice how strong we are they will start to think more and more about bitcoins and eventually they will join.

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October 17, 2018, 05:10:11 AM
 #32

Bitcoin BTC can be a currency only if its price is stable.
and that won't happen. bitcoin is a decentralized currency in which no one controls it in the market and everyone who is called an investor makes the pump or dump itself. the situation will continue with efforts to make profit, and bitcoin will not be stable.
In the future I'm sure the concept of decentralization will be easily accepted by many people. Now, many people have scorned government regulations that are not in line with their expectations, this will cause them to look for a system that is not regulated by one party or I can say it is government. If this happens then the government will be forced to adopt bitcoin as a legitimate payment system or as a place for investment and trading. And as you said about pump and dump, that's the thing it is not happening to bitcoin, maybe you are talking about altcoin.


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October 17, 2018, 06:50:38 AM
 #33

It's actually easy but a lot of users are demanding like the average consumers to make the transaction feeless and fast. It is like the only issues blocking our way through adoption. Bitcoin is convenient on online stores but in the physical ones, it is a bit annoying to them because they have to wait.
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October 17, 2018, 07:27:37 AM
 #34

It's actually easy but a lot of users are demanding like the average consumers to make the transaction feeless and fast. It is like the only issues blocking our way through adoption. Bitcoin is convenient on online stores but in the physical ones, it is a bit annoying to them because they have to wait.
right, we certainly hope bitcoin can be used in many stores for daily needs, so that it will make it easier for us to fulfill it. online stores usually provide goods that are for a moment's sake, so if you shop, it's still not comfortable

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October 17, 2018, 11:55:50 AM
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 #35

It has to be user-friendly, protected, and serve a tangible purpose rather than simply be seen as an asset.

People and businesses also need to be educated as to how they can easily implement BTC. The average Joe just doesn't understand and doesn't have enough motivation to want to understand the value in decentralization. Once they can clearly be shown the bank charges and other taxes that could easily be avoided, acceptance will grow.

I think it's mostly dependent on businesses using it for every step of their supply chains.
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October 17, 2018, 12:04:34 PM
 #36

The bitcoin has all the facilities a tech based coin should have, but still, it has risk with scammers and malfunction. So it still hadn't become eligible to be a regular coin overcoming our doubt. But in future, it might be.
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October 17, 2018, 03:10:46 PM
 #37

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, we can't because the price of Bitcoin really is not steadily stable that makes it so volatile for buying things. We would want some other coin do that role.

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October 17, 2018, 03:57:42 PM
 #38

we can ask people for using bitcoin as currency by giving and show more about how we have get much profit with bitcoin and altcoin investment, we have try give more knowledge about bitcoin for them to make interested with bitcoin and altcoin investment.
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October 17, 2018, 04:26:16 PM
 #39

Well I guess if we want to freely use bitcoin as the currency to be used as payment, bitcoin should be accepted by all, fully. In other words, to be accepted, it deals with legalization. Yes, to make people interested, it should be legal and opened, save and free, then people will use it as expected. But, we also know when bitcoin becomes legal, the risks are follow, such as tax, etc.
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October 17, 2018, 04:57:20 PM
 #40

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.

Bitcoin for now physically is not a form of currency like what fiat is. It is only a form of investment which can give us a chance to gain in the near future because of its volatility. But it can be use as payment electronically/online like credit card if the merchants online is bitcoin accepted as mode of payment, then some traditional business are implementing bitcoin accepted to their business as well.
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