Very strange most people like to buy with bitcoin , but using altcoins very few

[fabiorem]

Its simple: people like slow and clunky stuff. They love to wait one hour for a single confirmation, even after paying the maximum fee.

The slower and clunky, the better. Hodl for 30 years.

[bits4books]

Isn't it obvious? BTC was the first cryptocurrency and took the first place as a means of payment and this is not surprising. It should take a long time (not so much as with gold but still) before other tokens will start to be massively used as a means of payment. Just a consequence of first invention, brand and habits that are projected on the general use cases

[South Park]

Very strange thing i noticed: most people like to buy with bitcoin , but using altcoins very few

I think all clients i had from bitcointalk prefer to use bitcoin to buy services / products they needed ...

Not a single client that i had until now used altcoins like ethereum ,litecoin etc or tokens like usdt,usdc ....

Why do you think people don't like to use altcoins to buy things on the internet ?

It is not rare at all if you think about it, despite the huge market caps and trading volumes that you can see in websites like CMC for the top 20 coins the truth is that when it comes to actual usage of the coins to buy products and services the majority of that volume is composed by bitcoin, the first mover advantage of bitcoin is huge and even if many merchants like yourself accept different coins to receive their payments most people use bitcoin to pay for those services, which is why I have always thought of the top altcoins as good investment opportunities but nothing more.

[Tahsin Kabir Kollol]

There is really no reason to surprise here. Although the market volume of the first ten Coins is close, each cryptocurrency is directly and indirectly affected by Bitcoin. Bitcoin is the first modern cryptocurrency and it is through this that the process of modern transactions has begun. So do most people like to buy with bitcoin. Being the first cryptocurrency, most people know about Bitcoin and believe in it. So naturally, people buy through bitcoin and the other side is willing to accept it easily.

[Febo]

Why do you think people don't like to use altcoins to buy things on the internet ?

Mostly because merchants dont accept them. Second reason is that they are used to use Bitcoin and dont want to learn about second cryptocurrency. Third reason is that they baghold huge bag of Bitcoin and want to expand Bitcoin economy by spending Bitcoin. I am sure there are more reasons then just this three.

[bitgolden]

Even if they are utility you could still give them to someone for whats their worth to get something out of it. For example, let's say I am selling a computer, I could sell it for bitcoin and that would work, but I could sell it for BNB or ETH as well and that would very well work. Just because they have a utility and a reason to be used doesn't mean that they will not be used for sales.

I actually did worked for ethereum for a long time, got paid in ethereum for all the affiliate sales I made and it worked like a charm. They even sent it to my metamask wallet which made things so much simpler than dealing with bitcoin. So, the reason why some coins are used for purchases and some don't is definitely not regarding the utility reasons because that doesn't stop you, it just adds value to it and could be even a bigger reason to use it.

[verita1]

Simply because Bitcoin is better known than any altcoins and stablecoins. Still in my city, businesses do not accept cryptocurrencies, but in Caracas, the capital of my country, Venezuela, in some stores they already accept Bitcoin and other cryptocurrencies. I use Bitcoin for my local P2P exchanges that is the most frequent use I make of it.

[exstasie]

Its simple: people like slow and clunky stuff. They love to wait one hour for a single confirmation, even after paying the maximum fee.

The slower and clunky, the better. Hodl for 30 years.

Regarding final payment settlement, a single BTC confirmation (maybe 10 or 30 minutes) provides an incredibly high level of confidence, much higher than conventional methods. Altcoins on the other hand get 51% attacked all the time.

People use what works. That's the bottom line right there. If I can lock in a price right now and settle at one confirmation, there's really no convenience lost as a consumer. Meanwhile as a merchant, the benefits (especially regarding fraud) are invaluable.

[Darkuso]

Im the other way around, it's really hard for me to use my BTC, but I don't give a flying f... about the alts, the most that I use as payment is LTC.

[Alert31]

The reason why people choose bitcoin because bitcoin is widely accepted and it is the secure and trusted digital currency that patronized of many people. But i think you just don't know that there are also a lot of people using altcoins like ethereum because it has a small transaction fees compared to bitcoin.

[thesmallgod]

The reason is very simple. Bitcoin is widely accepted for making payment compare to any other coin. There are few other services that accept ETH too. Maybe in the nearest future maybe other crypto will be more accepted but now Bitcoin is the king of crypto

[bobitza]

Because most people know Bitcoin and this is a valuable currency. It is accepted by many large grocery stores in other countries. Payment and exchange is easy and fast, so most people invest in bitcoin than altcoin. I myself always prefer to invest in bitcoin over other cryptocurrencies.

[jossiel]

Not a surprise but bitcoin has the most share in cryptocurrencies so that's why your clients prefer to have it. Maybe you haven't seen the client that you'll deal with preferring to pay with altcoins.

65% is the dominance for bitcoin and that's not new if most clients like to take it with bitcoin. You'll get to be surprised if somebody asks you to deal with uncommon altcoins, those altcoins that you haven't mentioned and new to you.

Bitcoin is the first cryptocurrency that has build trust and support from its users and investors so it is not surprising that most of the clients are eager to have bitcoin rather than those few altcoins that have less importance than bitcoin. Altcoins may be useful in their own ways but bitcoin will always take the lead as most of the establishments today prefer to accept bitcoin as a payment rather than altcoins.

No question and debates about bitcoin's status and it will continue for a long time and it's here to stay. I don't think that there will be an even altcoin that could be par with it which I have seen that some people were already talking about it.

It's also the first born so basically that it has gained the trust easily by people. Now, it's becoming the talks and whichever altcoins goes on mainstream, still people, merchants and business folks will eventually turn and accept bitcoin.

[ecnalubma]

Because more people trust Bitcoin that’s why its often used compare to altcoins. Because people in crypto world find it more stable than other crypto. Soon it will probably become more common in different marketplaces around the globe.

[MCobian]

Because bitcoin is more popular than altcoins, so many shops or merchants are interested in accepting payments with bitcoin.
And also because bitcoin is available on all exchanges, making it easy to convert into other coins or fiat. The last reason many
people use bitcoin for transactions, because bitcoin is the safest and most reliable compared to other cryptocurrency.

[ene1980]

~
Why do you think people don't like to use altcoins to buy things on the internet ?

The devil is in the question you posed and the business where you conduct, you are dealing with users in this forum who are predominantly bitcoiners and majority of the users here use altcoins to make a quick profit and convert them to bitcoin, so there is nothing strange in it. When you look at the overall picture there are only a few sites that accept altcoins and majority of the merchants are confident with bitcoin and a couple of other major alts and nothing more.

[shoreno]

 i find it wrong because what i see is that more people are now using altcoins than on bitcoin  . may i ask if how much is you client compare to the population outside this forum   .  all your clients did only use bitcoin but other people dont like to use bitcoin but likes to use altcoins instead   .

  what is your buiness about ? if your business only related to bitcoin , why would your clients use other coins  except if your business were also related to alts and tokens too  .

[Negotiation]

Everyone has a different opinion on business but the demand for bitcoin is higher than that of altcoins in the crypto market Bitcoin is a very old currency The demand for altcoins is low as they are new. All the currencies in the crypto market depend on bitcoin and the price goes up Most traders prefer to invest in bitcoin Bitcoin is not a stable currency and if the price goes up it is possible to gain a lot from other currencies Demand for both currencies is growing but bitcoin is more valuable than altcoins.

[SARA ISLAM]

People have confidence in Bitcoin but they can't trust altcoins that way. How did the confidence in Bitcoin come about? I am not saying this because other members have discussed it. Altcoins are only used for trading. But yes traders currently hold several altcoins for a long time, including Ethereum.

[Cling18]

Very strange thing i noticed: most people like to buy with bitcoin , but using altcoins very few

I think all clients i had from bitcointalk prefer to use bitcoin to buy services / products they needed ...

Not a single client that i had until now used altcoins like ethereum ,litecoin etc or tokens like usdt,usdc ....

Why do you think people don't like to use altcoins to buy things on the internet ?

I think it is because people have their full trust in Bitcoin. It's not that other altcoins aren't trustworthy but Bitcoin has a huge edge. It has been through a lot of tests of time so most investors and users don't take the risk of using altcoins but rather focus on Bitcoin. Some investors also prefer holding their potential altcoins as their choice.