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Author Topic: How can we get people to use bitcoin as a currency?  (Read 52917 times)
SvonioneFromMangoCoinz
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October 25, 2019, 03:06:06 AM
 #841

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 don't think it makes sense for people to use bitcoin and help society go up. Why do we need to use bitcoin and every transaction always needs miners to process blocks, while we have e-wallets to trade fiat money with seemingly zero fees?
The use of bitcoin or coins is reasonable but it should only be small scale. We will never be sure what the future of bitcoin will be like. So holding such a currency is not a wise decision.

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October 25, 2019, 03:32:07 AM
 #842

Through our relentless efforts towards awareness creation is the only means Bitcoin adoption rate can increase. Up to date, there are more African areas where the existence of cryptocurrency will be news to them. Africa is also a large market where cryptocurrency projects can win more investors because the people embrace the idea of investment.

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October 25, 2019, 07:17:21 AM
 #843

as long as bitcoin has high fluctuations. bitcoin will not be suitable as a currency for payment. and all countries in the world also have national currencies. then I think our society is also not ready to become a society without cash. so in my opinion for now bitcoin will remain an investment tool and a store of value not for a means of payment.

 
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October 25, 2019, 04:37:52 PM
 #844

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 don't think it makes sense for people to use bitcoin and help society go up. Why do we need to use bitcoin and every transaction always needs miners to process blocks, while we have e-wallets to trade fiat money with seemingly zero fees?
The use of bitcoin or coins is reasonable but it should only be small scale. We will never be sure what the future of bitcoin will be like. So holding such a currency is not a wise decision.

It is different from people to people. Some only consider it as an asset, so they choose to hold whatever amount of Bitcoin they have at their disposal. And I would guess, these people are "casual" traders/gamblers, as they will only trade if the price is right and gamble if the exchange is reasonable. And some only consider Bitcoin as a currency--they will use it on their daily basis, not necessarily "expend" it but rather use it as means of trading/gambling. These people are the ones who are very active and will always monitor the changes in Bitcoin's price and use it as an advantage in their activities.

Through our relentless efforts towards awareness creation is the only means Bitcoin adoption rate can increase. Up to date, there are more African areas where the existence of cryptocurrency will be news to them. Africa is also a large market where cryptocurrency projects can win more investors because the people embrace the idea of investment.

Could you explain this in detail? I honestly don't know what you're talking about. I might think that you're off-topic.

so in my opinion for now bitcoin will remain an investment tool and a store of value not for a means of payment.

As for now yes. It is better to treat it as an asset and just see how it goes. But later on, it will not be the case.

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October 25, 2019, 05:23:13 PM
 #845

My question is why do we want people to treat Bitcoin as a currency? IMO, Bitcoin is more suitable for usage as an investment asset, or as a store of value. If we treat it as a currency, then we are comparing it to fiat currencies such as the USD, EUR and JPY. On the other hand if we use it as an asset, then we are comparing it with gold, diamonds.etc. And my opinion is that gold is a much better option when compared to the inflation-prone fiat currencies. We would be better if we place BTC along with assets such as gold and platinum.

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October 26, 2019, 11:26:52 AM
 #846

My question is why do we want people to treat Bitcoin as a currency? IMO, Bitcoin is more suitable for usage as an investment asset, or as a store of value. If we treat it as a currency, then we are comparing it to fiat currencies such as the USD, EUR and JPY. On the other hand if we use it as an asset, then we are comparing it with gold, diamonds.etc. And my opinion is that gold is a much better option when compared to the inflation-prone fiat currencies. We would be better if we place BTC along with assets such as gold and platinum.
I want to ask the same. Bitcoin is the most volatile coin at present and it is a big opportunity for everyone to become rich by investing in it. It holds a very bright future. There is no point of enjoying purchases with bitcoin, at least not now. This is something that would be more appropriate to do when bitcoin will be a bit stable and that day is not near. It has to go a long way and rise a lot.

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October 26, 2019, 12:56:29 PM
 #847

We can get people to use bitcoin as a currency by simply influencing them on what they can do and what they may do in crypto and also on how they can regulates to bitcoin. Yes, we must also influence them to use bitcoin as their payments to some stores that are already accepting bitcoin to get paid their products or goods so when they saw the legitimacy of bitcoin as a currency maybe they can used it as their personal currency.



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panganib999
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October 26, 2019, 04:55:27 PM
 #848

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.
Before thinking about how could we make people use bitcoin as a currency, we need to think more about how can we persuade each and every government to support using bitcoin and completely accept it so that a massive adaption could take place. Lessening restrictions and getting businesses. even the small ones into getting to know bitcoin. Aside from the fact that not everyone is well educated and enlightened enough about the currency, the suppressing government implementing so many restrictions, regulations and conditions against bitcoin is what hinders the catalysts of using it.
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October 26, 2019, 05:26:29 PM
 #849

Stop talking about bitcoin as investment start saying bitcoin as currency is the first the step all have to do if we want the bitcoin to be used as currency because we all are using bitcoin for making money in short or longer term then how it will be a currency in mainstream.More people have to spend their crypto rather than holding it will paves way for bitcoin currency.
To influence people to use bitcoin as a currency is to use it daily as our daily currency so that many people will encourage to do the same as what we are doing on the bitcoin, you're right that we don't need to call it as an investment first for short and long term because if we really want it to become a currency then we must used it in our everyday lives as our natural currency.
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October 26, 2019, 05:36:35 PM
 #850

Stop talking about bitcoin as investment start saying bitcoin as currency is the first the step all have to do if we want the bitcoin to be used as currency because we all are using bitcoin for making money in short or longer term then how it will be a currency in mainstream.More people have to spend their crypto rather than holding it will paves way for bitcoin currency.
To influence people to use bitcoin as a currency is to use it daily as our daily currency so that many people will encourage to do the same as what we are doing on the bitcoin, you're right that we don't need to call it as an investment first for short and long term because if we really want it to become a currency then we must used it in our everyday lives as our natural currency.

We however can't use it daily if there aren't stores accepting BTC. There are so much malls in my country almost every city has huge malls competing each other but none of the stores in it are accepting BTC. It could be because the government doesn't have any legal statement about BTC but if there is legalization, stores my start seeing BTC to be just as fiat is. We can then spend our BTC for dinner, buying stuff and probably even when having a simple haircut.

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October 26, 2019, 06:24:07 PM
 #851

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 encourage them to use bitcoin through showing them the perks of having and using them specially in the new age where technology arises more and more as time passes by. We can also share our experiences with our investment although we are actually experiencing crisis in bitcoin. We should also inform them about the basics and pay attention on telling them the things that should be done and shouldn't be done when you are using bitcoin for their safety, security and knowledge.

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October 26, 2019, 08:54:06 PM
 #852

We can get people to use bitcoin as a currency by simply influencing them on what they can do and what they may do in crypto and also on how they can regulates to bitcoin. Yes, we must also influence them to use bitcoin as their payments to some stores that are already accepting bitcoin to get paid their products or goods so when they saw the legitimacy of bitcoin as a currency maybe they can used it as their personal currency.
Show them things that will be the proof of the existence of bitcoin. It could be your latest transaction, your trades or what it could be anything that has an equivalent bitcoin in return. Everything with proof will let them believe and use bitcoin as currency. It is east to influence someone with valid proof of earning.
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October 27, 2019, 09:01:56 AM
 #853

I think it is possible if stable can be accepted by many people. But the price of bitcoin that rises down very fast and high makes Bitcoin as a means of investment in the future.
There may be stable coins like USDT but not yet in real life as payment, because the cryptocurrency is still not much known to people to like it.
Only as a more profitable investment means as a currency. Could have been a few years later many countries that adopted blockchain and bitcoin became payments received by many people,

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Kambal2000
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October 28, 2019, 05:07:00 AM
 #854

We can get people to use bitcoin as a currency by simply influencing them on what they can do and what they may do in crypto and also on how they can regulates to bitcoin. Yes, we must also influence them to use bitcoin as their payments to some stores that are already accepting bitcoin to get paid their products or goods so when they saw the legitimacy of bitcoin as a currency maybe they can used it as their personal currency.
Show them things that will be the proof of the existence of bitcoin. It could be your latest transaction, your trades or what it could be anything that has an equivalent bitcoin in return. Everything with proof will let them believe and use bitcoin as currency. It is east to influence someone with valid proof of earning.
Or you can show and explain them the whole meaning of bitcoin. From being an asset to being a currency that they can use to anonymously purchase something online. They can start to diversify their money to bitcoin and other cryptocurrencies in the market which will give them an edge to earn more and if they would like to, they can purchase some low volatility cryptocurrency for payments.

Although we are explaining everything from a friend and to our relatives, if their mind is closed and they don't want to get involved in it, then we should not waste our time explaining over and over again, sometimes, we should give them time for them to explore on their own, at least we give them some ideas regarding it.
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October 28, 2019, 03:41:09 PM
 #855

I think it is possible if stable can be accepted by many people. But the price of bitcoin that rises down very fast and high makes Bitcoin as a means of investment in the future.
There may be stable coins like USDT but not yet in real life as payment, because the cryptocurrency is still not much known to people to like it.
Only as a more profitable investment means as a currency.
Even if the crypto market is widely accepted i doubt anyone will start accepting coins like USDT, to use something as a mode of payment you need to have some incentives and if you are using a stable currency then why not use the fiat currency which is more secure than using a non transparent currency like USDT.

Could have been a few years later many countries that adopted blockchain and bitcoin became payments received by many people,
There are merchants that accept bitcoin and it depends upon the country you are from, here in my area there are merchants that are accepting different crypto but global adaptation might take time.
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October 28, 2019, 03:59:56 PM
 #856

The easiest way is to get a quick and easy option to deposit crypto to account. For example using Revolut banking. You have a free card, deposit some btc there, it automatically converts to currency of a country you are in - use card everyone (shops, cafés, atm).

To bad this is not a 100% easy and safe way (speaking about Revolut). There are lots of cases in reddit of user accounts/cards being frozen. But this is just a beginning. Maybe someone will improve the whole system and it will be used more often and worldwide.

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October 28, 2019, 06:01:34 PM
 #857

We can get people to use bitcoin as a currency by simply influencing them on what they can do and what they may do in crypto and also on how they can regulates to bitcoin. Yes, we must also influence them to use bitcoin as their payments to some stores that are already accepting bitcoin to get paid their products or goods so when they saw the legitimacy of bitcoin as a currency maybe they can used it as their personal currency.
Show them things that will be the proof of the existence of bitcoin. It could be your latest transaction, your trades or what it could be anything that has an equivalent bitcoin in return. Everything with proof will let them believe and use bitcoin as currency. It is east to influence someone with valid proof of earning.
Or you can show and explain them the whole meaning of bitcoin. From being an asset to being a currency that they can use to anonymously purchase something online. They can start to diversify their money to bitcoin and other cryptocurrencies in the market which will give them an edge to earn more and if they would like to, they can purchase some low volatility cryptocurrency for payments.
The best way to attract people is to tell them about your success story in the world of crypto market because people demand practical examples. If we all crypto users start a campaign of convincing simply two people around us or in our circle for investing into bitcoin, I bet within no time the market will be on way to moon and the legalization of crypto currencies is going to happen around the world in no time.

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October 28, 2019, 07:10:24 PM
 #858

Well, I don't think this is an easy task. I like to use Bitcoin as a currency because I love the fact that I actually have use of it in real world but majority of people still see Bitcoin as an asset. They are afraid to lose something if they would use Bitcoin as a currency.
Maybe if more merchants would accept Bitcoin as a payment method could help as well as more markets where people could sell their products and services for Bitcoin.

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October 29, 2019, 12:11:11 AM
 #859

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 price now is low and i think we can use bitcoin as a currency if bitcoin price become stable.
Bitcoin can use as currency we can buy anything we want one the price become stable.
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October 29, 2019, 07:42:14 AM
 #860

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 price now is low and i think we can use bitcoin as a currency if bitcoin price become stable.
Bitcoin can use as currency we can buy anything we want one the price become stable.

That's the risk of Bitcoin if we will make it is a way of currency, as the price of it is not like dollar that is only changing on a daily basis, crpto is very different, it varies in value every seconds, so it will be hard for us if we will use it as our currency unless we will convert it first from our local currency before using it.
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