How can we get people to use bitcoin as a currency?

[Darooghe]

In my opinion, bitcoin is still a currency but not a stable currency. it is not remotely functional as a proper currency, because of the volatility in it's value. this volatility means that if bitcoin is rising, no one in their right mind would pay for things using bitcoin, because if they wait their bitcoin will be worth more. Meanwhile when bitcoin is falling no one in their right mind would accept bitcoin as payment. so People are buying bitcoin as an investment rather than an alternative form of payment. However, Bitcoin is since from 2009, and which is the king of all crypto currency. It made the history in implementation of blockchain technology and itself as a digital currency. There is no doubt each government will reform their currency and should use digital currency.

[Renampun]

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.

making Bitcoin adopted in bulk is not an easy job
the need for interference from many parties, such as the government and entrepreneurs
the fact is that until now the government still does not want to recognize Bitcoin, this is the main obstacle to Bitcoin adoption en masse
all we can do now is wait until Bitcoin is accepted by the government.

[johnwhitestar]

To make use BTC as a currency among normal people a solution for the paper money is needed, because internet is not everywhere in the world.
But BTC is not the currency for the day-by-day use. It was created for a completely new economy. In that economy it will be used normally, IMHO.

[Visbay]

In my opinion, bitcoin is still a currency but not a stable currency. it is not remotely functional as a proper currency, because of the volatility in it's value. this volatility means that if bitcoin is rising, no one in their right mind would pay for things using bitcoin, because if they wait their bitcoin will be worth more. Meanwhile when bitcoin is falling no one in their right mind would accept bitcoin as payment. so People are buying bitcoin as an investment rather than an alternative form of payment. However, Bitcoin is since from 2009, and which is the king of all crypto currency. It made the history in implementation of blockchain technology and itself as a digital currency. There is no doubt each government will reform their currency and should use digital currency.

Yes, you are right people are surely interested in making investment and people know if we will use Our bitcoin right now so it is like lose because the price is not really high so better keep investing money. In some countries, we can see people buying goods with bitcoin but in some places, people feel afraid for its volatility but the should be happy to use it as a currency than being afraid of it.

[DaftAjax]

it is not remotely functional as a proper currency, because of the volatility in it's value.

Seriously, it's one of the functionalities of Bitcoin. Why can't it "remotely" function? After all, it is a digital currency (cryptocurrency). And remotely functional "proper" currency has nothing to do with volatility. Value and functionality do not correlate with each other.

so People are buying bitcoin as an investment rather than an alternative form of payment.

Actually both. Some people will only but Bitcoin because they treat it as an investment or a valuable asset like gold. While some use it as an alternative form of payment, regardless of how/when they would do so is the user's responsibility.

1) making Bitcoin adopted in bulk is not an easy job
2) the need for interference from many parties, such as the government and entrepreneurs
3) the fact is that until now the government still does not want to recognize Bitcoin, this is the main obstacle to Bitcoin adoption en masse
4) all we can do now is wait until Bitcoin is accepted by the government.

1) Well, it happened last 2017 tho, but it resulted in a sad story, people immediately realized that it was a fluke--a bubble.
2) Do you know the definition of Entrepreneurship?
3) Oh, they do recognize it--from what I remembered the government despises it.
4) Nah, that's an understatement.

In some countries, we can see people buying goods with bitcoin but in some places, people feel afraid for its volatility but the should be happy to use it as a currency than being afraid of it.

I'm with the guys who do not "spend" Bitcoin recklessly. If history didn't teach you anything, I don't know what will.

[milesfull]

People really want to use crypto then they cant use fiat. Venezuela, Iran, etc.
Only people in trouble really ready to change something in thier payments

[Faxmate]

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.

Recommended many people like and using bitcoin as currency with looking for which one have many interaction by costumer, we are looking for good chance to open store and adopt bitcoin as payment way. Will increase people want to use bitcoin during always educate and teach them how to use and what feature using bitcoin, many people like with bitcoin if have know benefit using bitcoin as currency payment way.

There is no doubt that people are basically unaware of the real power of bitcoin and digital currencies on the whole. Those who are enjoying benefits of bitcoin are basically responsible for teaching others and making market vast. The best way is to start with your family and friends. When the consumers of bitcoin will increase, automatically we will see shops accepting payments in bitcoin.

[jakoylantern]

For me, I still depend on the country if its legal, depending on the person and especially its acceptance status. If bitcoin is legal to there state and many establishments accept it as a payment/ ordinary currency, many people will see bitcoin as an alternative currency that they can use to make their transactions, payment, queue, etc. much easier. Also, its the primary aim of bitcoin to become the alternative currency, but we all know that there are some problems and issues making ppl to loathe bitcoin.

[Visbay]

People really want to use crypto then they cant use fiat. Venezuela, Iran, etc.
Only people in trouble really ready to change something in thier payments

Yes now people are already using crypto and they are in an era where almost everyone likes and appreciate the use of crypto because technologies are spreading and developing very fast. you go to markets for payments in my country they will ask you by themselves if you want to pay with cash or you want to pay with bitcoin so it’s all sign of great success in the crypto world as payments used by people.

[AicecreaME]

People really want to use crypto then they cant use fiat. Venezuela, Iran, etc.
Only people in trouble really ready to change something in thier payments

It sounds stupid but people are never gonna throw what they think do still have value for them, Venezuela people abandoned their currency because of too much inflation that is happening in their place, so they turned on other options which is cryptocurrency, if this doesn't happen, they wouldn't even dare to use cryptocurrency to save their lives on crisis, that is the truth.

[makolz26]

People really want to use crypto then they cant use fiat. Venezuela, Iran, etc.
Only people in trouble really ready to change something in thier payments

It sounds stupid but people are never gonna throw what they think do still have value for them, Venezuela people abandoned their currency because of too much inflation that is happening in their place, so they turned on other options which is cryptocurrency, if this doesn't happen, they wouldn't even dare to use cryptocurrency to save their lives on crisis, that is the truth.

For Venezuela's people, wherein you said that they abandones their currency it is because of the tragic happened to their country, wherein their currency has become worthless, so we cannot please those people as they don't know what to do too, as the one that triggers their financial crisis is because of their corrupt government, so how can they trust them anymore, so made decision to try out digital currency to help them from their disaster.

[Tungsten-1]

In my opinion, bitcoin is still a currency but not a stable currency. it is not remotely functional as a proper currency, because of the volatility in it's value. this volatility means that if bitcoin is rising, no one in their right mind would pay for things using bitcoin, because if they wait their bitcoin will be worth more. Meanwhile when bitcoin is falling no one in their right mind would accept bitcoin as payment. so People are buying bitcoin as an investment rather than an alternative form of payment. However, Bitcoin is since from 2009, and which is the king of all crypto currency. It made the history in implementation of blockchain technology and itself as a digital currency. There is no doubt each government will reform their currency and should use digital currency.

Yes, you are right people are surely interested in making investment and people know if we will use Our bitcoin right now so it is like lose because the price is not really high so better keep investing money. In some countries, we can see people buying goods with bitcoin but in some places, people feel afraid for its volatility but the should be happy to use it as a currency than being afraid of it.

They are afraid to lose it because they don't want to lose the value of their bitcoin. The price fluctuates every time so there is no sense to treat it as a currency because it is either you will be safe from losing value or you will lose the appreciation value of your bitcoin. The best thing is to keep it on a hardware wallet for long term keeping so you will be maximizing the potential of bitcoin.

Well, that's the reality for now, that the value of Bitcoin is treated as an investment and not as a currency, but some people are using this as an alternative way to pay your bills and other commodities, for me, it is fine as how could you be able to sell it if there is chance that the value later can be 2% higher or more as it can happen many times, so people prefer to treat this as an investment rather than investing.

The reality right now each country have population with 1% to 3% are investor in bitcoin and altcoin, still less people want to invest with bitcoin and altcoin with any reason, some people do not know whit bitcoin and altcoin investing and many people risk for investing on bitcoin because price of bitcoin can be down and lower. To make them use bitcoin by giving advice how increase price of bitcoin.

So this means that people are at least familiar of crypto currencies but they lack complete knowledge about this industry. What we need to do is educate them through social media campaigns about different types of trading, exchanges and methods of making money. We need to tell them that holding bitcoin is not the only possible way of making money in crypto market. I believe this will increase buyers.

[cotton ball]

People really want to use crypto then they cant use fiat. Venezuela, Iran, etc.
Only people in trouble really ready to change something in thier payments

It sounds stupid but people are never gonna throw what they think do still have value for them, Venezuela people abandoned their currency because of too much inflation that is happening in their place, so they turned on other options which is cryptocurrency, if this doesn't happen, they wouldn't even dare to use cryptocurrency to save their lives on crisis, that is the truth.

Maybe true with your opinion where country faced with economic crisis and inflation value with their money can adopt bitcoin as legal currency without have inflation way, Venezuela is most available country for using bitcoin as legal currency. After adopting bitcoin maybe their economic crisis back to normal and they can walk up for building how economic crisis so far with very lower value if using cash money.

[Abiky]

This is a bad idea.

We all know that Bitcoin is volatile. If your idea of business is to accept Bitcoin (or Altcoin) as a means direct payment for any products (or services), then I'm sorry, your business will face some complications. Let's say you have an item that costs $10 (as of the time of this post, will be 0.001 BTC), then someone bought it, but then suddenly the price of Bitcoin went down, that 0.001 BTC worth of item won't be $10 anymore--unfair for your business. If vice-versa--unfair for the customer. Even if you receive Bitcoin directly, we still can't neglect the transaction fees and the transaction time. And also you're still a business, hence you still have taxes to pay. So when paying taxes would you insist on converting your Bitcoin to pay those? Of course not.

The safest way to use Bitcoin, for now, is still to convert it into fiat money and use that to buy items (or services)--not Bitcoin as means of payment.

That's certainly true, mate. Unfortunately, Bitcoin's volatility scares away many people (mostly businesses and companies). If a business decides to use Bitcoin for payments, it'll quickly exchange it to Fiat in order to minimize risk of loss. This way, Bitcoin may never achieve the status of being a digital currency for the world. It's better as a store of value than anything else. Luckily, we have stablecoins which often retain their value of $1 USD per coin. Once BTC prices stabilize across the market, we could expect people to use it as a currency more often.

In the meantime, we can show the benefits of Bitcoin to the world in order to help attract as much people as possible into it. With many exciting things like the Lightning Network, atomic swaps, decentralized exchanges, non-custodial mixers, and more, there's no reason why people should avoid Bitcoin in the first place. While governments and mainstream media have done their best to destroy the reputation of the pioneer cryptocurrency, it has remained stronger than ever before. Hopefully, Bitcoin would continue to grow in user adoption as more people becomes aware of it. But if we don't talk about Bitcoin to other people, we can't expect it to grow by itself. Just my thoughts

[Edraket31]

So this means that people are at least familiar of crypto currencies but they lack complete knowledge about this industry. What we need to do is educate them through social media campaigns about different types of trading, exchanges and methods of making money. We need to tell them that holding bitcoin is not the only possible way of making money in crypto market. I believe this will increase buyers.

Indeed, as some people doesn't know well what is digital currency, what they just know is that Bitcoin is a form of money from the internet world, and that they can make money thru it through trading and investing, they don't know how much really its advantage in the future, how powerful the blockchain is. Maybe it is time for us to unite as one to educate people by having blockchain seminars so they will know its real value.

[AicecreaME]

People really want to use crypto then they cant use fiat. Venezuela, Iran, etc.
Only people in trouble really ready to change something in thier payments

It sounds stupid but people are never gonna throw what they think do still have value for them, Venezuela people abandoned their currency because of too much inflation that is happening in their place, so they turned on other options which is cryptocurrency, if this doesn't happen, they wouldn't even dare to use cryptocurrency to save their lives on crisis, that is the truth.

For Venezuela's people, wherein you said that they abandones their currency it is because of the tragic happened to their country, wherein their currency has become worthless

That is what I've said, or you didn't understand the whole thing I've said, that tragic thing you have mentioned that happened in Venezuela for them to abandoned their currency is inflation, therefore that is the main reason why their currency become worthless, yes, I've said that loud in clear or you're just one of those spammers who are not reading post or doesn't have any academic understanding, so you just post whatever you wanted to post.

E D I T: Please read carefully before giving out your opinion, repeating what's already been said, I mean with the same thought are considered spamming

[Vishnu.Reang]

I can see that the discussion got diverted from the original topic. The OP was asking how to encourage Bitcoin users to treat BTC as a currency, rather than as an investment asset. First of all, the transaction fee needs to be reduced to a sustainable level, if we want BTC to be used for payment purposes. With Paypal having a minimum fee of $0.30, do you think that a lot of people would be willing to pay $3 per transaction for using Bitcoin?

[hahay]

I can see that the discussion got diverted from the original topic. The OP was asking how to encourage Bitcoin users to treat BTC as a currency, rather than as an investment asset. First of all, the transaction fee needs to be reduced to a sustainable level, if we want BTC to be used for payment purposes. With Paypal having a minimum fee of $0.30, do you think that a lot of people would be willing to pay $3 per transaction for using Bitcoin?

I don't think everyone will be willing to and or maybe no one will be willing to spend a fee as big or as expensive as that for only one transaction. But, to anticipate this there are still at least a lot altcoins or other cryptos that have lower or cheaper fees as an alternative, but on this matter I only assume if the price is more stable then maybe there will be many marketplaces who are willing to use bitcoin and maybe because the price is also unstable which makes it difficult for bitcoin to be used as a currency.

[AicecreaME]

I can see that the discussion got diverted from the original topic. The OP was asking how to encourage Bitcoin users to treat BTC as a currency, rather than as an investment asset. First of all, the transaction fee needs to be reduced to a sustainable level, if we want BTC to be used for payment purposes. With Paypal having a minimum fee of $0.30, do you think that a lot of people would be willing to pay $3 per transaction for using Bitcoin?

I don't think everyone will be willing to and or maybe no one will be willing to spend a fee as big or as expensive as that for only one transaction. But, to anticipate this there are still at least a lot altcoins or other cryptos that have lower or cheaper fees as an alternative, but on this matter I only assume if the price is more stable then maybe there will be many marketplaces who are willing to use bitcoin and maybe because the price is also unstable which makes it difficult for bitcoin to be used as a currency.

Let's not be greedy about the profits we are making whenever the price goes where we want it, miners do also want profits, not just us. The higher transaction fee we pay, the fastest transaction we could get, why would someone choose a transaction fee that's cheap but the transaction speed is slow, also transaction fees are based on the supply and demand of bitcoin, just saying.

[FaMouS8828]

The major stuff why people don't use bitcoin as real currency - not stability in price and it makes people scared to start to use cryptocurrencies in a daily way. In addition in some countries using cryptocurrencies prohibited.