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Author Topic: How can we get people to use bitcoin as a currency?  (Read 52917 times)
efxtrader
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November 23, 2018, 05:35:26 AM
 #361

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 we can not push people to use bitcoin. They will use bitcoin if merchant accept bitcoin for payment. Beside that, many government not regulating bitcoin yet and thats why people afraid using bitcoin for payment in their country. Maybe in near future, people will prefer using bitcoin for payment, because its much secure than paper money

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November 23, 2018, 08:07:04 AM
 #362

I think government is an important factor in whether we are allowed to use Bitcoin as a real currency. But there are actually a lot of stores, companies and some businesses that accept it. Simply because they can give up the tax bill they pay for the state

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November 23, 2018, 08:22:32 AM
 #363

Due to permanent fluctuation, It is not possible
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November 23, 2018, 10:27:20 AM
 #364

People will use bitcoin when stores start to accept bitcoins. I think it is easier to do it with online stores and those stores will do it first. If people accept it then other stores will do the same.
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November 24, 2018, 05:11:44 AM
 #365

and how? by force you will not drag. gradually it is necessary to enter that's all. and love a topikhonka will begin to be tightened.
Well it is already accepted by so many countries around the world and only the government of your country might not be inclined towards accepting Bitcoin. About the rest of the world, it has been in circulation since it was launched.
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November 24, 2018, 06:07:36 AM
 #366

Understand the value of Bitcoin in the market first, encouraging the people to know the value status and the volatility of the Bitcoin in the market. Soon it will be means of exchange for all other countries to be acceptable
You shouldn't introduce Bitcoin because only its price and volatile which is not its main point of this cryptocurrency. Technology behind it is what most people wants to develop and make the future become better like bank which is include this great technology.
Yeah it is not good to discuss only the fall but it is good to let other know the real reason being the invention, some people will get worry about the price that is now a day running in market so tell them that it is for very short time, soon the price will be high once again, so better tell the real reason, it is not only currency but it is an entire business as well.
Why you are stopping him not to introduce bitcoin to people? don’t you want bitcoin would be the supreme currency and would be prevailed all over the world. You must leave this arrogant attitude.
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November 24, 2018, 09:29:27 AM
 #367

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.
Getting people to make use of Bitcoin would be a very difficult thing to do. First of all, most of us already have a bank account and do you expect them to withdraw the whole they have in their accounts or maybe half of it and move it to cryptocurrency? No, that’s not going to happen, cryptocurrency is not even stable, how do you expect people to do such a thing? They will never agree.

Not today at least. Satoshi meant for bitcoin to be used like a currency for easier and cheaper transaction, though btc's current state would make it hard for anyone to consider it for it's real use. But don't count that posibility out as well since bitcoin's future is still far from realization.
There is no connection between conversion of bitcoin and fiat. How can you call it blockchain technology and decentralized when you turn virtual thing into an existing one?
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November 30, 2018, 03:51:27 AM
 #368

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 not easy for ordinary people to use bitcoin as a medium of exchange, because until now we have to buy bitcoin in excahnger with FIAT and the process is very complicated especially the verification of KYC customers, although security is very complicated for new people. and as you say there aren't many sellers who accept payments even though online.
It is difficult for people to use bitcoin because now the only way to earn cryptocurrencies is to become an active participant in the market, once that is no longer true and you can earn cryptocurrencies doing your normal activities like getting paid for a job that you do then that is when we are going to see the real potential of cryptocurrencies begin unleashed.
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November 30, 2018, 04:17:18 AM
 #369

of course by being a good figure for people who do not know about the true use of bitcoin, if you use bitcoin for trading, then everyone will know you and imitate your trading activities, but if you use bitcoin as a payment tool, and succeed with your business, then there are many people who are interested and consider transactions using bitcoin as a good payment option
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November 30, 2018, 06:42:16 AM
 #370

we will easily invite people to use bitcoin as a means of payment if they feel that it has legalized bitcoin as a legitimate payment instrument. like Japan. there people are used to using bitcoin for payment tools because the government has allowed and also many stores that want to accept bitcoin as a means of payment. whereas in countries that have not legalized bitcoin I think it's difficult. and also the value of bitcoin is very volatile not suitable for paying tools.

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November 30, 2018, 07:25:16 AM
 #371

we can make people use bitcoin as currency when price of bitcoin is stable and bitcoin should be available with most of the people around the world.
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November 30, 2018, 05:02:40 PM
 #372

for crypto can be accepted by everyone, it may have to be the legality of the government and the crypto currency is recognized as the applicable currency and can be used to invest
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November 30, 2018, 05:54:56 PM
 #373

for crypto can be accepted by everyone, it may have to be the legality of the government and the crypto currency is recognized as the applicable currency and can be used to invest
so far I have only used to see this on the internet. however, in the real world, it is very difficult to find that. maybe because it's very difficult to find cryptocurrency users out there. besides, in my country cryptocurrency is still in the development stage, so it's very difficult to find it.

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December 01, 2018, 01:25:46 AM
 #374

Bitcoin can be frequently used one daily basis for purchase when more store and businesses around the world integrate it into its payment systems. Although there are online shops which accept Bitcoin, it is not enough to promote the daily usage of BTC in the purchase of items. It will require thorough and effective awareness creation in order to draw the attention of the shops and businesses to accept BTC as payment.

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December 01, 2018, 01:44:04 AM
 #375

Bitcoin can be frequently used one daily basis for purchase when more store and businesses around the world integrate it into its payment systems. Although there are online shops which accept Bitcoin, it is not enough to promote the daily usage of BTC in the purchase of items. It will require thorough and effective awareness creation in order to draw the attention of the shops and businesses to accept BTC as payment.
To create a broader awareness of bitcoin I think that has happened, it's just that there are still many people who see bitcoin something that is not feasible for the activity, namely to be a payment system, so in my opinion if business people can provide payment systems using crypto, then that it will make ordinary people more aware of crypto that can be used in many sectors, so I'm sure many people use crypto everywhere.

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December 01, 2018, 05:40:32 AM
 #376

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 already used as a real currency in a form of payments to some goods mate because there are already merchants outhere but the demand is not that big because most people used it as an investments purposes and the lack of knowledge about cryptocurrency.Maybe those who knows about bitcoin should aware other people that there are existing tool that we can used as a mode of payments and we can profit as well.
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December 01, 2018, 05:48:22 AM
 #377

I think it will take many more years before most of the people use bitcoin as a currency because it not yet widely adopted for use in transactions. You can always introduce bitcoin to anyone but only few of them might be willing to try using it as a currency. The volatility and rapid fluctuations of bitcoin might also discourage people from using it in their transactions.
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December 01, 2018, 11:16:59 AM
 #378

I think people will use Bitcoin as a currency only when they will gain confidence in Bitcoin and stop fearing that. This can be made possible only with the help of government. The governments of many countries are still holding negative views about cryptocurrencies and banning its use. Under such circumstances, how can we expect people to have faith and use Bitcoin as a currency? It will only happen when Bitcoin will be allowed to operate freely and openly.
I agree that a lot depends on the decision of governments. I mean, there are huge resources in the hands of any government.Media,parties and television.If there is a positive background on the part of governments,which highlights the positive side of cryptocurrencies,then there will be more supporters of cryptocurrencies, respectively.How can you get people to use Bitcoin if few people know about it?



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December 04, 2018, 07:43:49 AM
 #379

Bitcoin is not suitable for regular payments. Bitcoin is usually used for international trade. The use of micropayments is unscientific, and stellar coins are more suitable for small payments. We won't see large-scale payments for Bitcoin, which capitalists can pay in bitcoin.

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December 04, 2018, 01:19:34 PM
 #380

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.
Nowadays as the price of bitcoin has not be stable this might be the hindrance of not getting to mass adoptions as those merchant will not accept bitcoin if the price fluctuation is too much high. People also had in mind that they are holding bitcoin for their future as assets as they hope that someday the price of bitcoin will give them fortune.
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