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Author Topic: When will people feel comfortable using BTC ?  (Read 10913 times)
CharlieArtist
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September 11, 2018, 10:15:40 AM
 #801

In my opinion, people will feel comfortable with bitcoin when bitcoin can be accepted in all places and easy to use and the price of bitcoin also continues to rise so that it will continue to get profit.
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September 11, 2018, 10:27:27 AM
 #802

They are someone are comfortable to use bitcoin and have some people also are not comfortable ill think it's because bitcoin if the price of it in dump situation they afraid so maybe they make to sell or change their bitcoin.

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September 11, 2018, 10:27:42 AM
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People will start feeling comfortable in using cryptocurrency as a whole when governments start regulating it and more establishments accept them as payment. That together gives integrity to crypto. And if people can be educated that blockchain, the technology behind crypto, provides more transparency to the process/transaction then it would be soon that more people get comfortable with crypto. People may be wary of it right now because of news of bitcoin value going down. But just think that before, people wouldn't even consider the idea of going cashless and just paying for everything using their card. Nowadays, it's normal. There are even people who claim not to bring any cash with them.
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September 11, 2018, 11:00:57 AM
 #804

I think people will be comfortable using BTC if the Price of it is stable but I don't think it will happen because crypto is really different from Fiat that's why not all people will use it or will be comfortable to use it.
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September 11, 2018, 11:42:39 AM
 #805

Only then people will use comfortably digital currencies, when the states will create all the conditions for their comfortable use. I think that this will not happen soon.

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September 11, 2018, 12:02:38 PM
 #806

People will start to use bitcoin when big named companies start to accept it, like the news about samsung on welcoming bitcoin as a payment for their transactions or when government told us to do so. In fact, there are people who feel comfortable using bitcoin as a money buying and selling stuffs online. Time will come that most of the people will use bitcoin as a regular currency, i hope so.

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September 11, 2018, 12:12:16 PM
 #807

The threads title is misleading actually there are many people that are comfortable on having BTC as digital currency. As there are already establishment accepts bitcoin as mode for payment like BMW company and SAMSUNG whom we know that these companies are huge. This could be mean that other establishment could follow also.
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September 11, 2018, 01:29:10 PM
 #808

People to feel comfortable using BTC takes time because they need to make some adjustments on what they are used to. And also the price is fluctuating so some people can never be comfortable because they panic every time the price got down. For people to be comfortable they should look in the bright side of BTC and don’t get affected by the news about other country that ban it.
 But if many big companies are using BTC and the government legalize it then people will be interested and trust BTC that can eliminate their discomfort.

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September 11, 2018, 01:47:59 PM
 #809

When will people spend BTC as easily as fiat , not seeing it as an investment opportunity but a better currency for them to use ?

I am not talking about cashing out , but for digital goods.

How do you spend 10 mBTC on a 5$ digital good when you believe that the same 10mBTC is worth atleast 15$ , probably more.
How much of your Bitcoin have you hoarded , and how much have you really spent ?
I am under the impression that people tend to hoard more with BTC than with fiat , considering it an investment more than a currency



People are likely going to keep hoarding their Bitcoins. There is this general believe that the value will always go up which is also very true. You cannot blame them. Everyone wants profits.
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September 11, 2018, 02:16:55 PM
 #810

When will people spend BTC as easily as fiat , not seeing it as an investment opportunity but a better currency for them to use ? Most of my friends that I have currently told about Bitcoin are most intrigued by its rapid rate of growth and not its outstanding features as a currency. They don't really care that it is free from government control , but are more focused on the fact that it has risen xy%

I don't really spend much of my Bitcoin , because I am always in fear.
I am not talking about cashing out , but for digital goods.

How do you spend 10 mBTC on a 5$ digital good when you believe that the same 10mBTC is worth atleast 15$ , probably more.
How much of your Bitcoin have you hoarded , and how much have you really spent ?
I am under the impression that people tend to hoard more with BTC than with fiat , considering it an investment more than a currency

I don't know how to make a poll here , so :- http://strawpoll.me/1793917
This is not referring to your blockchain.info statistic , which includes money you have moved around. I am looking at money you have truly spent vs total amount of BTC you have received.

Overall , I'm trying to look at how much my guess is true by the poll and your estimates of when majority of people will start looking at BTC as a currency.

EDIT : I'm not sure this is the right section , tell me if this should go in General Discussion or so.
Knowing that bitcoin was already banned in some countries and many people now are thinking negatively over it, we can really say that it would take up a very long time before everyone gets comfortable with the use of it. Although it is hard, we should still be happy considering the fact that there's a possibility that all the people in the world will feel familiar and comfortable with the use of bitcoin.

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September 11, 2018, 02:29:35 PM
 #811

When will people spend BTC as easily as fiat , not seeing it as an investment opportunity but a better currency for them to use ? Most of my friends that I have currently told about Bitcoin are most intrigued by its rapid rate of growth and not its outstanding features as a currency. They don't really care that it is free from government control , but are more focused on the fact that it has risen xy%

I don't really spend much of my Bitcoin , because I am always in fear.
I am not talking about cashing out , but for digital goods.

How do you spend 10 mBTC on a 5$ digital good when you believe that the same 10mBTC is worth atleast 15$ , probably more.
How much of your Bitcoin have you hoarded , and how much have you really spent ?
I am under the impression that people tend to hoard more with BTC than with fiat , considering it an investment more than a currency

I don't know how to make a poll here , so :- http://strawpoll.me/1793917
This is not referring to your blockchain.info statistic , which includes money you have moved around. I am looking at money you have truly spent vs total amount of BTC you have received.

Overall , I'm trying to look at how much my guess is true by the poll and your estimates of when majority of people will start looking at BTC as a currency.

EDIT : I'm not sure this is the right section , tell me if this should go in General Discussion or so.

Probably if everyone in everyday in everyday is starting to use this cryptocurrency and we can say that if having crypto living with your life may be required to afford good, or maybe it will be implemented to be used for your daily life, but as we can see this days the opposition of more and more countries with regards to anonymity and some other instances which may be questionable and a threat for a country's security may be one of the reasok why they will ban Bitcoin.

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sarungmen
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September 11, 2018, 02:31:26 PM
 #812

I am sure no one can predict this accurately or give a definite answer to you, because bitcoin already has an image as an investment tool rather than a currency as the initial purpose of bitcoin was created, it will be difficult to change the perspective of current bitcoin users because already many people who consider bitcoin as a field to find income quickly, but we wait if bitcoin has achieved price stability, maybe it's the right time bitcoin to become a
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September 11, 2018, 02:41:11 PM
 #813

Bitcoins is volatile and I think the first who should be comfortable in btc is the government of some countries which keep banning btc on their countries, people will not be comfortable in btc if their government and news on tv keep telling that btc is fraud and scam.

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September 11, 2018, 03:20:14 PM
 #814

Bitcoins is volatile and I think the first who should be comfortable in btc is the government of some countries which keep banning btc on their countries, people will not be comfortable in btc if their government and news on tv keep telling that btc is fraud and scam.

We will be comfortable in bitcoin if many big companies will accept it. In that case many people will feel great about bitcoin and specially if others country stop ban bitcoin in different countries.

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September 11, 2018, 04:34:36 PM
 #815

When will people spend BTC as easily as fiat , not seeing it as an investment opportunity but a better currency for them to use ? Most of my friends that I have currently told about Bitcoin are most intrigued by its rapid rate of growth and not its outstanding features as a currency. They don't really care that it is free from government control , but are more focused on the fact that it has risen xy%

I don't really spend much of my Bitcoin , because I am always in fear.
I am not talking about cashing out , but for digital goods.

How do you spend 10 mBTC on a 5$ digital good when you believe that the same 10mBTC is worth atleast 15$ , probably more.
How much of your Bitcoin have you hoarded , and how much have you really spent ?
I am under the impression that people tend to hoard more with BTC than with fiat , considering it an investment more than a currency

I don't know how to make a poll here , so :- http://strawpoll.me/1793917
This is not referring to your blockchain.info statistic , which includes money you have moved around. I am looking at money you have truly spent vs total amount of BTC you have received.

Overall , I'm trying to look at how much my guess is true by the poll and your estimates of when majority of people will start looking at BTC as a currency.

EDIT : I'm not sure this is the right section , tell me if this should go in General Discussion or so.

Probably if everyone in everyday in everyday is starting to use this cryptocurrency and we can say that if having crypto living with your life may be required to afford good, or maybe it will be implemented to be used for your daily life, but as we can see this days the opposition of more and more countries with regards to anonymity and some other instances which may be questionable and a threat for a country's security may be one of the reasok why they will ban Bitcoin.
Already a large percentage of people have started using bitcoin.But still there is a long way to go for bitcoin because bitcoin is not supported by some nations and it is also banned in some countries.Bitcoin requires internet connection which is not possible in every corner of the world.It also requires some basic knowledge about how to get operated.It is also a bit complex initially.It also has a risk of getting hacked too.All these problems should be solved then only people will be comfortable in using bitcoin.

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September 11, 2018, 04:49:24 PM
 #816

You are right about the fact that no one wants to spend his bitcoins with belief that value will rise in future. This makes it inefficient as a currency. Smiley Smiley
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September 12, 2018, 06:37:07 AM
 #817

I think, people will feel comfortable using bitcoin if the government supports the use of bitcoin and accepts bitcoin so bitcoin can be used anywhere and by anyone

Well, I think those fellows that have many Bitcoins feel very comfortable. If seriously, we need to wait for this moment for at least 5-8 years. People are very conservative, and it will take time to accept Bitcoin as a currency.

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September 12, 2018, 06:40:21 AM
 #818

I do alreadt feel comfortable having bitcoins and i just wanted to get more on it because i wish also to earn more on bitcoin as its market price moves higher in the near future. The people.here are doing speculations and the common speculations is that bitcoin will going to moon.
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September 12, 2018, 06:47:17 AM
 #819

People will use bitcoin when the following conditions are met:

1) Apps make it VERY easy to buy/sell and trade
2) Big stores and grocery stores accept it, IE Target, Walmart, Food 4 Less, Stater Bros etc
3) Stores offer discounts for using bitcoins (pass on some of the savings from credit card percentage charges to us)
4) People can take part of the their income in bitcoin (see https://bitpay.com/bitcoin-payroll-api)
Soon, using bitcoin and crypto currency as a whole will be made easier. Technology is continually progressing so let us just prepare ourselves for sooner new ways will be invented. I am pretty sure of this.
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September 12, 2018, 06:59:46 AM
 #820

Oh, I believe that it may happen in nearest future. But the thing we need the most is believing in crypto by the whole world and it is kind of difficult to reach.

I suppose, those guys that know a lot about the cryptocurrencies and can earn even when the market is down, feel comfortable using Bitcoin always. The other men should learn more about BTC to feel the same.

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