In what way bitcoin gets increased usage?

[Ayiranorea]

Already this might have discussed. The growth of bitcoin as well other digital currencies keeps progressing with time. By the time common people too have begun to use cryptocurrencies on their daily life. Compared to the fiat usage, common people using cryptocurrencies were low. When the usage increases what will be the preference of common people. Whether it gets used as investment, gambling asset, trading asset, alternate payment, darkweb usage source.

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[seoincorporation]

Already this might have discussed. The growth of bitcoin as well other digital currencies keeps progressing with time. By the time common people too have begun to use cryptocurrencies on their daily life. Compared to the fiat usage, common people using cryptocurrencies were low. When the usage increases what will be the preference of common people. Whether it gets used as investment, gambling asset, trading asset, alternate payment, darkweb usage source.

I think bitcoin has increased usage in all of those directions, bitcoin isn't growing just one way, it's growing to everywhere, now we see more casinos online, more gambling options, more investing options, even more dark markets and more local sites accepting btc. So, bitcoin isn't taking one way, it's growing as an economy.

[Kez1817]

Already this might have discussed. The growth of bitcoin as well other digital currencies keeps progressing with time. By the time common people too have begun to use cryptocurrencies on their daily life. Compared to the fiat usage, common people using cryptocurrencies were low. When the usage increases what will be the preference of common people. Whether it gets used as investment, gambling asset, trading asset, alternate payment, darkweb usage source.

Of course we want bitcoin more progress in many ways not only in single usage. We want more increase for both,trading,investment,payment method and many more because we want it to become more useful and useable in different ways and aspect. As the demand keep on growing i think the usage of bitcoin also increase in different criteria. Like fiat money because it is used daily by the people ,the usage of it is very high.

[mk4]

In every single aspect of course. If bitcoin gets increased usage, it's expected to get increased usage in every aspect. It will get usage in terms of bitcoin being either a SoV or a currency, or both. So it should pretty much cover almost every aspect, not just one or a few.

Preferably not with illicit purposes of course, but we all know that we can't do anything about that. People are going to use it for illicit purposes whether we like it or not(including fiat of course, not only bitcoin).

[avikz]

Already this might have discussed. The growth of bitcoin as well other digital currencies keeps progressing with time. By the time common people too have begun to use cryptocurrencies on their daily life. Compared to the fiat usage, common people using cryptocurrencies were low. When the usage increases what will be the preference of common people. Whether it gets used as investment, gambling asset, trading asset, alternate payment, darkweb usage source.

Even though bitcoin has the potential to go in any direction mentioned here and beyond. But predominantly it will be used as an investment because there is very less chance of finding a bitcoin merchant due to its price fluctuations.

Retails merchants are very sensitive to price movements because of the low margins in daily products. But 10-15% fluctuation in bitcoin price is very common which I believe is the main roadblock for cryptos to become a mainstream currency.

That's also the main reason why people prefers it as an investment.

[dothebeats]

I'd like to cling on the side of bitcoin being used increasingly in illicit activities, knowing full well that even with the help of CipherTrace in tracking where X amount went, it still is time-consuming and before the said algorithm catches the culprit, funds are already liquidated and the people behind it are already in hiding. Not that I want bitcoin to be used in such, but apparently that's what's happening, with cash being the second best option to launder money due to the existence of Swiss bank accounts that offer full protection to their clients.

[figmentofmyass]

Already this might have discussed. The growth of bitcoin as well other digital currencies keeps progressing with time. By the time common people too have begun to use cryptocurrencies on their daily life. Compared to the fiat usage, common people using cryptocurrencies were low. When the usage increases what will be the preference of common people. Whether it gets used as investment, gambling asset, trading asset, alternate payment, darkweb usage source.

my overall expectation is that it will be treated primarily as a store-of-value/investment because of its sound money properties. but people will obviously use it as money just like they do today so.....all of the above. i don't think people will stop using bitcoin as a currency; it's perfect for so many circumstances. i just don't think currency/medium of exchange is its primary use case.

[pishite]

Already this might have discussed. The growth of bitcoin as well other digital currencies keeps progressing with time. By the time common people too have begun to use cryptocurrencies on their daily life. Compared to the fiat usage, common people using cryptocurrencies were low. When the usage increases what will be the preference of common people. Whether it gets used as investment, gambling asset, trading asset, alternate payment, darkweb usage source.

Bitcoin is gaining more fame thanks to young businessmen who are trying to realize payment for food, for coffee or implement applications in the form of instant messengers in which they advertise or sell goods within the program, all of which is more interesting for new users.

[Ryker1]

Well, there is no major part that bitcoin will increase by its usage. Because all of OP's poll choices had different connections and the whole thought was having transactions. The more bitcoin have transactions it will circulate the Bitcoin price, but in my own bitcoin will go up if it and has massive adoption. Indeed, I still believed in the demand and supply in the crypto market.

[RodeoX]

Can I pick door #3?

What I think would push the price up is something else that bitcoin is not being used for. But I don't know what that is.

[bernardos]

I see Bitcoin more as a type of investment rather than a preferred payment option. I dont use it as a payment option and I am not planning to for some time. I am sure there are many people like me who are trying to gather as much as possible for the next ATH. 

[livingfree]

IMHO, at first the gambling scene has made commendable contribution to bitcoin. But now I think since it has been introduced and given exposure by the mass media. Most people that just known bitcoin uses it more as store of value.

I think bitcoin has increased usage in all of those directions

At the end this is also my thought, in all of those uses that has been mentioned and even to those that haven't should be counted.

[shield132]

The main reason of increasing bitcoin usage is it's investment profile, this coin's price changes very often and in overall, you can make good profit by holding it for months.
On another hand gambling plays a good role too. No one wants to be it visible that they gamble when they have good job because it causes problems in some countries, bitcoin gives you possibility to have fun anonymously.
It's sad but money laundering plays a huge role there too.

[Slow death]

Being honest and sincere, we still have a long way to go, we need to convince governments to agree to regulate this market, but as long as they are advantageous bitcoin regulations. we need to use bitcoin as a means of payment all over the world, imagine we can buy bread, chin or whatever food they sell in supermarkets using bitcoin, that will be a big win. We cannot be relaxed and think that all is well, because the truth is that it is not well yet. Many countries in the world only allow people to use bitcoin, they have not yet created bitcoin laws, we are still far from seeing all countries in the world accepting bitcoin as a means of payment.

[franky1]

i think the niche btc is currently missing is the gaming/app market. by this i mean using btc for ingame currency just like facebook done with credits but hopes to do with libra.

imagine having youtube where advertisers buy credit in btc and streamers get paid for thier video's in btc.
i know people will scream the blockchain wont cope. but this is not microtransactions per minute. but monthly deposit and withdrawal where the service is the custodian

i find it strange for bitcoin devs to advertise btc for microtransactions, but then say it cant cope at doing things like paying youtube broadcasters by the minute... the strange part is that youtube themslves dont even pay their broadcasters per minute anyway.

other idea's are the loyalty cards /gift cards. where instead of buying individual coffee's you buy a months worth in one go

[Artemis3]

Already this might have discussed. The growth of bitcoin as well other digital currencies keeps progressing with time. By the time common people too have begun to use cryptocurrencies on their daily life. Compared to the fiat usage, common people using cryptocurrencies were low. When the usage increases what will be the preference of common people. Whether it gets used as investment, gambling asset, trading asset, alternate payment, darkweb usage source.

I'd say alternate payment, but most of them are increasing at the same rate. Perhaps its simply a matter of people simply finding out about it.

The "dark" web and the normal web are about the same thing, one is more anonymous than the other, but that's it. Bitcoin is probably unsuitable there unless its perfectly legit activities (such as donating for a cause, or whatever).

Thing is, and this i have noticed, people with "good" fiat see little use for an alternative means of payment, because their fiat is so strong and handy, they think their banknotes and coins will retain their purchasing power forever, and because it only loses it about 2% yearly, it goes unnoticed to them.

While in my country we cannot live without digital payment, mostly in the form of debit card, simply because there are not enough banknotes around (you can only withdraw one (1) 50k banknote per day, equivalent to about 3 USD currently (currently the largest denomination, made a couple of months ago).

[harizen]

When the usage increases what will be the preference of common people. Whether it gets used as investment, gambling asset, trading asset, alternate payment, darkweb usage source.

Preferences might not be the issue here since obviously if the bitcoin usage increases more, it will act now as the usual currency like what fiat is playing a role today. Whether for investment, gambling or any things listed on the poll - all are covered in general.

Now on what way will bitcoin gets increased its usage, it really needs a serious approach, by all means, e.g involvement of big companies, big people, celebrities, sports, and government (yes).

Well, still away too long before we can bitcoin being used as a pure global currency.

[pooya87]

if you want increased usage then it is not a question of "where" but a question of people themselves and their willingness to spend bitcoin. i think that is the first step otherwise as long as people who own bitcoin don't want to spend it, then it won't matter where it is accepted as payment, they won't use it!

that willingness comes from price stability in my opinion which means we may be away from that target by at least a decade because price will continue rising for that long at least and that rise makes it remain volatile too.

another incentive would be lower fees. for example during 2017 Steam stopped accepting bitcoin payments because the fees were higher than most of the games they were selling! and we don't want that.

[Saltius]

By some centralised second layers controlled by big companys.

What I refer is definately not lightning for it is a decentralised second layer.

Curently what most people want is to be slaves while thinking they are embracing freedom.

[Kakmakr]

While we cannot deny that a fairly large percentage of transactions are being done on Dark markets and also online gambling, it is also fair to say that normal "legal" Bitcoin transactions are still one of the primary uses for Bitcoin.

Bitcoin was first introduced by Satoshi Nakamoto to serve as an alternative payment option, because centralized payment options had several problems. <These centralized payment options had too many restrictions and centralized authorities like Banks and Paypal abused their monopoly and consumers got burnt in the process.>

People asked for a borderless payment options with less restrictions and more control over their finances and Bitcoin provided for that.