What do you wish you could do the most with your Bitcoin?

[tabas]

I'd like to buy other types of investments with my bitcoins just as real estate, jewelries and other common investments that we have except altcoins as I have them already.
Precious metals and things where you can diversify your investments for real.

[fuer44]

The number one question I receive by friends after “What is Bitcoin?” is "What can I do with it?"

A few teams are working on a protocol that would add many innovative capabilities for Bitcoin users. It’s a decentralized sidechain called Echo, that aims to develop a suite of financial mechanisms and instruments.

We want to facilitate the development of applications that would make your lives as Bitcoiners more convenient. We will be hosting a hackathon soon with a few other teams in the industry to reward programmers and entrepreneurs with making the services that society actually demands. What application or service would be a value addition for you right now?  

If you want to read more about us
Site: https://www.Echo.org
Docs: https://www.docs.echo.org

The thing that I most like about crypto is being able to feed my family in my home country. They don't need to understand how it works, I just deposit to my father's bank account and he's happy about the quickness of it. Emergencies and such I always help and I know they appreciate my efforts, I don't know how I'd be able to support people in Venezuela otherwise (currently Western union and similar "worldwide services" don't work with Venezuelan bolivars)  so I'm thankful to bitcoin for existing.

for people who are still first entering the world of crypto, indeed do not want to know how the coin works and the technology that is in it. You are right, that the most important thing is to deposit, invest, then make a profit. it will be more important because that is the main purpose of crypto in this online investment world. but along with the development of technology, such development is very important for the progress of crypto, because it must always follow the development of technology and also trends so that crypto is not quickly left behind.

[pilosopotasyo]

You have a great idea, i hope the hackathon will bring positive results, Bitcoin for me is almost complete I guess the volatility and the speed of transaction is something that will be address in the future when adoption has overtaken the whole financial and merchants community.

[miklesm]

I think everyone holding Bitcoin are waiting the times BTC will be accepted in ordinary shops and online stores as a payment method.

[dnprock]

I view Bitcoin as a Store of Value. The payment scenario will not be popular. I don't want to do anything with it except buy and hold. I made a video explaining this:

https://www.youtube.com/watch?v=wCYpSY0qNsw

I'm mostly interested in how to store Bitcoin securely. I think Bitcoin money-making business will remain trading, aka, the casino business. The Bitcoin ecosystem will evolve to have more sophisticated vendors.

[Sled]

Holding Bitcoin for a lifetime isn't really a good idea. The volatility makes it difficult to say that year after we can see our investment grow. This is a reason why I didn't hold everything with it, besides I have to invest outside crypto than to completely holding BTC alone.
What I wish for my Bitcoin is that the price won't just drop badly and it can be useful in the future.

[Lantind]

I think everyone holding Bitcoin are waiting the times BTC will be accepted in ordinary shops and online stores as a payment method.

It seems like ordinary shops will find it difficult to accept BTC as a means of payment, because until now there are still many ordinary shop owners who don't know what BTC is, if for online shops there may already be many who know it, because BTC has been present for almost more than 10 years.

[Iyanu14]

The number one question I receive by friends after “What is Bitcoin?” is "What can I do with it?"

A few teams are working on a protocol that would add many innovative capabilities for Bitcoin users. It’s a decentralized sidechain called Echo, that aims to develop a suite of financial mechanisms and instruments.

We want to facilitate the development of applications that would make your lives as Bitcoiners more convenient. We will be hosting a hackathon soon with a few other teams in the industry to reward programmers and entrepreneurs with making the services that society actually demands. What application or service would be a value addition for you right now?  

If you want to read more about us
Site: https://www.Echo.org
Docs: https://www.docs.echo.org

One of the things I wish I could do is to take part of the Bitcoin, exchange it for fiat currency, then use it for investment. After that I wish to create a foundation saddled with the responsibility of helping others.  If they ask me, what is the secret of my success, then I will tell them, it has been through cryptocurrency.  Through this, I think in my own little capacity I can increase the awareness of crypto among people.

[studio1one]

Right now where I live it almost impossible to buy anything directly using crypto payments so I wish in future I could spend my crypto directly without converting it to fiat first.

[traderethereum]

I want to use most of my bitcoin as the investment in the long term, and I don't want to use it to buy the product.
I prefer to use fiat money if I want to buy something because bitcoin is an investment and I don't want to spend more bitcoin.
If I have to sell my bitcoin, that is because I need money to buy my daily needs, and I will withdraw some bitcoin to cover my daily needs.
But I hope that the price can increase in the short term so that I can sell it at a high price.

[gaston castano]

I'd like to buy other types of investments with my bitcoins just as real estate, jewelries and other common investments that we have except altcoins as I have them already.
Precious metals and things where you can diversify your investments for real.

yes I think so too by spreading our assets, our opportunity to get greater profits and avoid losses if one of our investment types has decreased.
because not all types will go down together unless there are global problems like the pandemic that has occurred in recent months.

[chichidori]

To be accepted in almost any online shop and local merchant alike but that would make bitcoin price stable and the occasional surge or spike will not be as big as today, but I hope almost everyone on the planet will know about bitcoin.

[pawanjain]

The number one question I receive by friends after “What is Bitcoin?” is "What can I do with it?"

A few teams are working on a protocol that would add many innovative capabilities for Bitcoin users. It’s a decentralized sidechain called Echo, that aims to develop a suite of financial mechanisms and instruments.

We want to facilitate the development of applications that would make your lives as Bitcoiners more convenient. We will be hosting a hackathon soon with a few other teams in the industry to reward programmers and entrepreneurs with making the services that society actually demands. What application or service would be a value addition for you right now?  

If you want to read more about us
Site: https://www.Echo.org
Docs: https://www.docs.echo.org

Good to know that there are people who are trying to contribute to the community and are trying to improve the usage of bitcoin.
Also, the Hackathon idea is really great as more people will be able to join the community and bring in more ideas to improve the usability of bitcoin.

The only thing that I feel should be improved in the bitcoin network is it's adoption.
Though there are stores and places that accept bitcoin but it's still too less in my perspective.
Bitcoin's adoption should be increased only then it will be used for what is meant to be.
I know good things take time and bitcoin will also take it's own time to be widely adopted.

[StephenJH]

The best crypto wish I hope for and will always hope for is more merchants thought out the world accepting crypto as cash or as means of payment, that's the definition of real mass adoption to me, crypto must work as money

No doubt cryptocurrency is the future, we accept it. But it seems it will take a long time to accept the world crypto as cash or as payment system as you above mentioned. No doubt some people have already done it, but l mean for the whole world. There are still most people, who don't know anything about BTC. Lack of knowledge is the main reason for not using so much BTC as a payment system, but sooner or later it will be accepted.

[RealMalatesta]

I would like to pay my bills and grocery with it. I know that everything else is still a big chunk of my income, however if I could pay my bills with bitcoin and if I can pay the food and other similar stuff you buy from grocery store (health stuff, shampoo, cleaning stuff etc) that means 50% of my income could stay in bitcoin and I could pay that with it.

Or better yet I want a proper bank type of thing for bitcoin where it is not prepaid cards, it is not third party organization for a bank, like actually a bitcoin independent place where we can get a bitcoin card which we can spend wherever we want to without trouble. That is actually what is the most important adoption part we are missing right now, if we can handle that, we can handle all the rest and spend it anywhere we want.

[Kong Hey Pakboy]

The best crypto wish I hope for and will always hope for is more merchants thought out the world accepting crypto as cash or as means of payment, that's the definition of real mass adoption to me, crypto must work as money

No doubt cryptocurrency is the future, we accept it. But it seems it will take a long time to accept the world crypto as cash or as payment system as you above mentioned. No doubt some people have already done it, but l mean for the whole world. There are still most people, who don't know anything about BTC.

It will really take a long time before bitcoin and other cryptocurrencies to be accepted as a mode of payment in the real world because there are still a lot of countries who don't like bitcoin and cryptocurrencies, that is why they banned it in their country. But there are still chances that other countries would implement to use crypto as a payment in the future because online payment is becoming a trend today.

[Kasabus]

I would like to pay my bills and grocery with it. I know that everything else is still a big chunk of my income, however if I could pay my bills with bitcoin and if I can pay the food and other similar stuff you buy from grocery store (health stuff, shampoo, cleaning stuff etc) that means 50% of my income could stay in bitcoin and I could pay that with it.

Or better yet I want a proper bank type of thing for bitcoin where it is not prepaid cards, it is not third party organization for a bank, like actually a bitcoin independent place where we can get a bitcoin card which we can spend wherever we want to without trouble. That is actually what is the most important adoption part we are missing right now, if we can handle that, we can handle all the rest and spend it anywhere we want.

I think what you have said are almost the same with what others want to do with their bitcoin. Even myself i would really want to spend bitcoin anywhere i go and buy all the things i want with it. But these things might not be possible at the moment since most of the people here are considering it more of an asset or investment that should be kept for a higher value in the next days or months.

[kawetsriyanto]

Actually there is no need to be confused to determine what bitcoin is for. especially this thread is actually just one way to promote Echo indirectly.

In my opinion, the use of Bitcoin that makes the most sense and often happens to everyone is to make money. In this case, the easiest term is that you can make (more / less) money with BTC. We can trade these coins to get profits. We can also get rewards after all this time holding the coin. In some countries, BTC can be used as a means of transaction method, for payment.

[judaspriest]

I'm sure 90% of people just want the price of Bitcoin to break through resistance at $ 19,000 and be ready to go to the moon new all time high, that's already inevitable, I also want that to happen 

[DarkDays]

I'd love to be able to stabilize its value instantly, without having to suffer any risk whatsoever or use third-party platforms.

I think BTC should have an accessory token called sBTC, which is stabilized to the value of the dollar (or another cryptocurrency) at the time of stabilization using an oracle system.

The oracles could be paid a small % of the stabilization fee for their service.

Vendors and merchants could then choose to either only accept sBTC and keep it stable, or convert it back to BTC at the point of sale and take the risk of volatility.

Could help to get mass acceptance much faster if price risk could be selectively eliminated.