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Author Topic: How can we get people to use bitcoin as a currency?  (Read 52917 times)
doomloop
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October 13, 2019, 05:48:38 AM
 #821

I think people are now slowly becoming more optimistic, they wanted also to make a hustle free transaction of payment so some people today really become more interested on crypto curency so i think telling or sharing crypto information is not that hard to do this time, because crypto is now slowly becoming a part of our human life.

This optimism can very quickly take the opposite side and turn into pessimism at the moment when the price falls.
People tend to love stability, which Bitcoin cannot give yet, which means people will be afraid of such fluctuations.
I think this is the main problem standing in the way of mass adaptation of bitcoin as a means of payment.
Stability will never happen in bitcoin because cryptocurrency are decentralized and there is no regulation for them so they can move freely and the exchanges are open 24/7 so there is no possible way for the price of bitcoin to just stabilize at some point. Bitcoin is volatile as it used to be and people should embrace and get used to it and they should still use bitcoin as a currency.
I don’t think so there is any harm in decentralization or volatility of this mighty currency known as bitcoin. World need changes and gradually people get used to changes. In the beginning, they often show resistance but as they come to know about the perks of new technology, they fall for it. We have stable fiat on one side; there is nothing bad in pairing it with volatile bitcoin.

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October 13, 2019, 07:47:53 AM
 #822

To help spread adoption, there needs to be usability, user-friendliness, and stability. Things aside, I believe that what's preventing Bitcoin from being used as a currency is the high transaction fees and slow performance.fees need to stay as low as possible for transactions to be practical within the mainstream world. Transaction confirmation times is another thing to have into consideration when using Bitcoin as a currency. If we want to attract as many people as we'd like, we need to show them the benefits of Bitcoin relative to traditional Fiat currency. Most people are afraid because of scams and hacks, but proper education will allow them to use Bitcoin and other cryptocurrencies wisely.
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October 13, 2019, 05:40:20 PM
 #823

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.
There are lots of things to be done. First, we should make it trusted by ensuring the stability of the price and making it approved by financial institutions. This is a gradual process. We can as well make it traceable to reduce money laundering and scam. This will also speed up the acceptability by financial institutions and governments.
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October 16, 2019, 05:49:36 PM
 #824

The adoption of Bitcoin can increase significantly if all the members in the crypto world play our part by advocating for Bitcoin wherever we find ourselves. The main target should be the small scale businesses who are easily to understand the significance of integrating Bitcoin into their payment systems. This can go a long way to increase the adoption of Bitcoin.

Exactly. We need to do our part if we want more people to join our cause. If we remain as "sitting ducks" then the whole ecosystem won't be able to grow by itself. Bitcoin, being the world's largest cryptocurrency by market cap, still lacks mainstream adoption. Most people are simply afraid of joining the pioneer cryptocurrency in the first place because of many obvious reasons (like price volatility and regulatory uncertainty). If more governments start legalizing the crypto space, then we'll be able to see more money flow into Bitcoin and other cryptocurrencies on the market. After that, adoption will increase by a long shot as many people will be aware of Bitcoin. The Lightning Network might play a huge part in Bitcoin's mainstream adoption. But it needs marketing/promotion to define its true potential.

The best thing we could do help attract people into Bitcoin, is to talk about the positive things related to it. It's evident that mainstream media and governments have taken their part in spreading the negative aspects of Bitcoin to the world. That's where we come into play, showing the world that Bitcoin is the future of money. As long as we stick together as one common family, we'll be able to see the pioneer cryptocurrency reach new heights in a matter of time. Just my opinion Smiley

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October 16, 2019, 06:23:26 PM
 #825

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 best way is by showing them the benefits and letting them know the basics of bitcoin. Tell them the difference of crypto and fiat. Make sure you spread sure straight facts because if you are going to dessiminate false informations, it will produce chain effect to everyone. Also, you can try sharing them your experiences and show some proof to make it more convincing and believable.
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October 17, 2019, 02:43:10 AM
 #826

by continuing to promote it or introduce it to everyone, maybe at first the response from a few people, but slowly they will accept it.
Wasn't it originally like that when the initial bitcoin was released nobody believed it even a few people but slowly it became more and more, and now bitcoin has been used almost all over the world, yes even though it is not yet fully a means of payment, but slowly it will adopt.
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October 17, 2019, 03:40:06 AM
 #827

Creating more awareness and starting this movement ourselves is what will thrill the world to adopt. Cryptocurrency world is large and if all the people in crypto are to go crypto in their normal life businesses, cryptocurrency will have an increase in its adoption. Let's endeavor to integrate it into our own businesses and encourage others to join.
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October 17, 2019, 04:30:29 AM
 #828

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 should first encourage companies to accept Cryptocurrency, after we done that and consumers see that there is option to use Bitcoin in their payment page, then we can encourage people to use Bitcoin, or we should have a big online market just like Amazon to use Bitcoin and Cryptocurrency, People should use Bitcoin to trade and buy and not to hodl this is it's main purpose why it was created in the first place.

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October 17, 2019, 04:31:01 AM
 #829

Creating more awareness and starting this movement ourselves is what will thrill the world to adopt. Cryptocurrency world is large and if all the people in crypto are to go crypto in their normal life businesses, cryptocurrency will have an increase in its adoption. Let's endeavor to integrate it into our own businesses and encourage others to join.
Everything that will start from you will prosper accordingly. If you fully support this industry creating your unique way of letting everyone you know about the usefulness of this system will attract people to begin looking for the possibilities to join in.

Self creation is the best way to attract people to ride and participate, with your knowledge to be shared interest is much higher.
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October 17, 2019, 08:54:28 AM
 #830

Maybe the initial response people considered not able to accept because it did not know him. If the popularity of Bitcoin is higher will surely use its blockchain.
Did you know the beginning Bitcoin appears to have no price? Arrived at the exchange rate with pizza, and now the price is rising so high. Certain countries will use the payment.

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October 17, 2019, 01:06:59 PM
 #831

Even online, there are only a few stores who are accepting it as payment.
Today, the situation has changed in some countries, for example, in Japan bitcoin is recognized as an official means of payment.  According to the law, firms can now use cryptocurrency for mutual settlements with each other.  In addition, companies and individuals can buy this virtual money as a commodity.  Latest News: The Japanese government plans to create an international network for cryptocurrency payments, comparable to the existing SWIFT network, and, possibly, to push it out of the market.  Source: https://happycoin.club/yaponiya-sozdayot-kriptokonkurenta-swift/
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October 17, 2019, 04:22:25 PM
 #832

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 cannot really force people to use bitcoin as a currency as soon as possible, it will surely take time and it will be a very long process. We should be very careful with the process because even just a tiny mistake on it can make a huge impact on the perspective of those who are unaware of the existence of bitcoin for sure. It would also be a strategic way if we are going to share our experiences in bitcoin and try showing some eye popping proofs that would make them want to go and try bitcoin.
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October 17, 2019, 05:42:36 PM
 #833

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.
This is hard to do, because the major obstacle here is its volatile action that can affect its recipients.

Because the price may not be compatible with the fixed price it may occur. So it may be lost or its price may rise, It is favorable if the price goes up but if it falls it's a problem.
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October 17, 2019, 06:24:13 PM
 #834

At first we don't have to get anyone to use it, you need btc? Then use it. Don't need? Then just ignore it. I think there is no problem in this thought.
Also one great thing that happened recently is that Unicef decided to accept donations in bitcoin while keeping funds in bitcoin and spending them the way they were received, without converting it. This is a huge support I guess and it will really make people to use bitcoin more widely because since Unicef accepts btc, a lot of service provider for them will start to accept bitcoin payments which will lead to bitcoin payment availability increase and in overall growth of it's usage.

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October 18, 2019, 06:27:14 PM
 #835

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.
There are lots of things to be done. First, we should make it trusted by ensuring the stability of the price and making it approved by financial institutions. This is a gradual process. We can as well make it traceable to reduce money laundering and scam. This will also speed up the acceptability by financial institutions and governments.
It is not our duty to stop money laundering as it has been happening from years. We only should tell the benefits of bitcoin in simple way. Share your yearly investing profit with friends and tell new techniques of earning money from crypto. Make people aware about the worth and importance of bitcoin not only as investment but as an asset too.
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October 18, 2019, 09:50:37 PM
 #836

We must never force people to use Bitcoin and instead whenever we have the chance to speak about Bitcoin we must do it but without talking about it as an investment as most of the people will think you want to force them to buy " digital money " and most likely they will not listen so the best way to spread the word about Bitcoin is by doing it as a research purpose about the Blockchain technology so in this way everyone will have a base knowledge about Bitcoin and how it works and from where it comes.

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October 18, 2019, 10:30:38 PM
 #837

The use of Bitcoin is not far, in countries like Venezuela, Argentina, they have an economic system where inflation is quite large, in fact in Venezuela recently the salary increased by 750%, making the only resource they have to take refuge is the Bitcoin, and taking into account that worldwide debt in the US is 23 billion dollars, bitcoin has a low correlation with traditional assets, makes it much more valuable.

In Hong Kong and Turkey, Bitcoin is having great success when it comes to adoption, as it turns out to be the best option, compared to traditional assets, bitcoin has been booming similar to gold, even though it is not comparable, it I could say that it is digital gold.

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Abiky
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October 24, 2019, 11:33:46 PM
 #838

At first we don't have to get anyone to use it, you need btc? Then use it. Don't need? Then just ignore it. I think there is no problem in this thought.
Also one great thing that happened recently is that Unicef decided to accept donations in bitcoin while keeping funds in bitcoin and spending them the way they were received, without converting it. This is a huge support I guess and it will really make people to use bitcoin more widely because since Unicef accepts btc, a lot of service provider for them will start to accept bitcoin payments which will lead to bitcoin payment availability increase and in overall growth of it's usage.

Agree. Bitcoin doesn't necessarily have to meet the likes of people worldwide. There will be some people that will prefer Bitcoin on top of Fiat because of its censorship-resistant properties, while others will prefer Fiat on top of Bitcoin because of its price stability and popularity within the mainstream world. While this is true, we should not stop promoting Bitcoin every step of the way. The more people we drive into the pioneer cryptocurrency, the better it'll be for its longevity. It's a good thing that some companies, startups, and even organizations have started to use Bitcoin more thoroughly. Without a doubt, this helps boost the Bitcoin economy by a long shot.

Nonetheless, with good effort and patience, we'll be able to gather as much people into Bitcoin as we can. It's important to always highlight the positive aspects of Bitcoin instead of the negative ones. That way, people will gain interest in using the pioneer cryptocurrency for their daily lives. Since mainstream media and governments have taken the duty of giving Bitcoin a bad reputation, we as supporters of the original cryptocurrency should do otherwise. Just my opinion Smiley

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October 25, 2019, 01:15:22 AM
 #839

Awareness is everything. I believe if we continue to promote what Bitcoin is, it will attain that level of being a medium of exchange and not just a store of value.
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October 25, 2019, 01:49:22 AM
 #840

Awareness is everything. I believe if we continue to promote what Bitcoin is, it will attain that level of being a medium of exchange and not just a store of value.

How can people be aware? Let's do our part too, and that is to help promote Bitcoin and introduce this to our friends, family, neighbor, with this we are helping the crypto industry even in a simple way, but it is a big help in crypto world. We are already 1% of total population who are using Bitcoin so if we will all do that then big change will happen.

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