In what way bitcoin gets increased usage?

[carter34]

Mostly from investments and trading if I have a second option to vote in the poll but they're the same anyway. I also agree with the other replies all of it are increasing but the one that stands out more for me is what I voted because people always talk about the price of bitcoin and when that happens people would start to speculate on trades from certain exchanges. Gambling is probably the next activity because of bitcoin gambling sites not having KYC.

As for trading in bitcoin, I think that majority of people who know about bitcoin are just hodling it and not trading because in my own view, trading is more complicated than hodling. We are likely going to have traders in bitcoin in time to come and that will definitely make price to fly.
I thereby agree to your gambling idea as the next activity.

[Krismanto]

Bitcoin is capable of being developed by everyone. So to increase Bitcoin, many people use it to transact, such as for purchasing goods.

Many people feel that by transacting using Bitcoin is very easy and profitable. Even the use of Bitcoin is not subject to sales tax. So people prefer Bitcoin, making Bitcoin more popular and thriving.

[qwertyup23]

Making resources as an alternative payment boost their reputation quickly than the other means. If people are aware that they are eligible to pay using different payment methods, this would allow them to at least attempt or try such for their personal convenience.

Cryptocurrencies, specifically bitcoin, has evolved throughout the years as an investment opportunity or as an alternative payment in purchasing goods. But this option is highly dependent on the merchants that accept bitcoin as a payment.

I remember before people were asking if Starbucks were to implement a payment option by using bitcoin as an alternative. There are lots of implications but what really stood out was making it as a platform for bitcoin's reputation and popularization around the community.

[The Cryptovator]

There is lots of reason why bitcoin uses increasing. The most important reason is alternative payment system. Due to high fee and centralized system people's are more encourage to use bitcoin instead of real money. People's could send money now everywhere in the world within second and by very low cost. On the other hand anonymity is another reason why more people's is interested on bitcoin and other crypto-currency. So can't say exactly a single reason for increase uses of bitcoin.

[Natalim]

I think gambling because people buying it because they want to use it, and with this, there's a demand.

There's a lot of ways actually that bitcoin is useful but at this stage, since a lot of people can't afford to gambling using fiat, they find bitcoin a good alternative. With bitcoin, you can play in different gambling sites in the crypto space, and it's minimum is way lesser compared to fiat gambling and that makes it very attractive to gamblers.

[jake zyrus]

Since day by day, we can't deny that the popularity of bitcoin is increasing, and all the usage of it from the poll is also increasing as well. I think it just matter of percentage but regardless of that, all usage is inevitably increasing.

[Ridwan Fauzi]

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.

All those you mentioned will be used by some investor but it is just depend on the investor itself. I get used to use bitcoin as an investment place because it is really promising although the common people think bitcoin is dangerous place to store their money. And also I use bitcoin gambling tool especially I'm playing dice thus far and sometime I use bitcoin as trading place. But I believe most people who have bitcoin will be use as an investment only. Although their countries is trying to accept cryptocurrency as payment system but I doubt most of them will use it as daily payment system.

[nightxglow]

If cryptocurrency price or value is still very high, it's unlikely that people will use them as daily payment method. Because they will feel it's too bad to use cryptocurrency for those kind of things, when the price can increase higher and higher. So people will tend to keep them and use them as investment rather than using it for a payment method or something. Even if bitcoin get accepted everywhere, i don't think many people will eventually use them to pay. But maybe if bitcoin price is stable and don't really change that much already, people won't really have interest to use them as investment. Maybe they'll gamble instead, or use them to pay for things.

[The3max]

I think it depends on the needs of the people who use it. However, it may be dependent on speculators in large numbers or the institutions with huge financial dominance. Besides legal issues and money laundering also affect Bitcoin.

[FlightyPouch]

Since day by day, we can't deny that the popularity of bitcoin is increasing, and all the usage of it from the poll is also increasing as well. I think it just matter of percentage but regardless of that, all usage is inevitably increasing.

I think the population is increasing slowly despite that, the transactions are blowing up. I think we don't need to do anything since it is already happening, as you've said it is inevitable since who would not want to transact a huge amount of money with a cheaper fee than the usual ones, right?

[SquallLeonhart]

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.

The people holding bitcoin would not use it now because they are expecting more from bitcoin, they believe that time will come when bitcoin will be stable and may stabilize on a very high price has predicted already by so many people in future, so the general mindset of people right now is to hold it as store of value, but the mistake we make with our mentality is that the fact we want it as store of value does not mean we should not embrace the usage part of it also which s the main factor that will facilitate the growth of the coin in value and also in popularity.

If we really want an increased usage of bitcoin, all we need is just not to hold it, but always be willing to spend it, then as we continue to spend and other merchants are encourage to receive it, you will see so many merchants too accepting it.

[pawanjain]

With more power comes more responsibilities. Bitcoin sure is a powerful technology but there are some problems with it.
For instance, lets assume the whole world starts utilizing bitcoin but since you know that the current volatility is itself too high for an asset just imagine how high it's volatility will reach if the whole world starts utilizing bitcoin. For it to be used globally, it's volatility should be decreased which is kind of difficult as per the current trend.

[BitValve]

With more power comes more responsibilities. Bitcoin sure is a powerful technology but there are some problems with it.
For instance, lets assume the whole world starts utilizing bitcoin but since you know that the current volatility is itself too high for an asset just imagine how high it's volatility will reach if the whole world starts utilizing bitcoin. For it to be used globally, it's volatility should be decreased which is kind of difficult as per the current trend.

That is true but lets not forget that if bitcoin starts being utilized then this means that most of the people will use it as a payment method, mostly. Which is way better than using bitcoin as "short term investment" since most of the hodlers seem to be panicking when the price is falling, and everyone is selling. So, if bitcoin starts being accepted everywhere, people will use it and they wont really care much about volatility, since there should be very low volatility, if not none.

[TimeTeller]

Since day by day, we can't deny that the popularity of bitcoin is increasing, and all the usage of it from the poll is also increasing as well. I think it just matter of percentage but regardless of that, all usage is inevitably increasing.

I think the population is increasing slowly despite that, the transactions are blowing up. I think we don't need to do anything since it is already happening, as you've said it is inevitable since who would not want to transact a huge amount of money with a cheaper fee than the usual ones, right?

From the poll, I selected the option -alternate payment. Because this involves the masses.
If the bitcoin adoption will reach ordinary people from all walks of life, the demand will increase.
Consequently, with the steady increase of demand will increase the value of bitcoin.
If every merchant or shop will integrate bitcoin payment, we are heading to a massive adoption.

[adzino]

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.

Your title says one thing but your post asks another question.
Anyways, answering to your title, the usage of bitcoin can be increase through mass adoption of crypto currencies. To do that we will need to spread the knowledge of bitcoin around the world.
To answer your post, it will be used more as an investment. Even online crypto gambling casinos will also increase, no doubt!

[Gi01]

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.

considering the crypto space currently, Bitcoin is used in all aspect of the things you have mentioned above. People are either investing into it or trading, gambling and using it as an alternative payment option. There are no particular aspect which can be considered as to have the most increased usage.

[maxreish]

Bitcoin increasingly growing in all fields. But i would better think that "investment" is in higher usage of it. And yeah gambling because it is the main coin so it is often times used in gambling. Otherwise we can't also deny that it is widely used in darkwebs because of anonymous transactions given by btc. The crypto market is progressing, whether it can br use in different fields but the main goal is to widely spread the mass adoption.

[taciskf]

The fact that new coins are produced means the money supply increases by a planned amount, but this does not necessarily result in inflation. If the supply of money increases at the same rate that the number of people using it increases, prices remain stable. If it does not increase as fast as demand, there will be deflation and early holders of money will see its value increase

[LogitechMouse]

All of the choices helped to increase the usage of Bitcoin globally.

At this moment, the ratio of the users of cryptocurrency in the world to the total number of people worldwide is very low but I believe that this will increase in the succeeding years. If many people will become rich in the future because of crypto, they can share it to other people to spread awareness. If many people will be financially free with the help of crypto then they can share it worldwide. The fact that crypto is very volatile makes the investors to not invest into this.

[Japinat]

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.

considering the crypto space currently, Bitcoin is used in all aspect of the things you have mentioned above. People are either investing into it or trading, gambling and using it as an alternative payment option. There are no particular aspect which can be considered as to have the most increased usage.

Everyone may have unique purpose on using bitcoin but we can tell which of the choices OP given are bitcoin is mostly in demand.
Investment and trading does not increase an increase of usage because they are just using bitcoin to gain profit based on the price fluctuation, but when we say of usage, when people likes to gamble and the crypot space offers a lot of gambling sites that are competitive, that way a demand is created.