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Author Topic: When will people feel comfortable using BTC ?  (Read 12116 times)
Bumblecoin
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June 13, 2018, 07:45:54 AM
 #221

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.
For me, using bitcoin as a replacement of fiat money is  good if its value is stable. As long as it is not or cannot be stable then it is good for investments.
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June 13, 2018, 09:04:25 AM
Last edit: June 13, 2018, 10:53:33 PM by The cure
 #222

I think,people will feel comfortable when they're using their bitcoins freely anywhere,anytime,they can pay anything what they want to buy even at the mall restaurants,fast foods chains and a lot more. We know,that it is really difficult to happen,but who knows,one day,bitcoin will be legalized in many countries.
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June 13, 2018, 09:07:04 AM
 #223

It will always start at the bottom. When more and more stores actually accept them then that is when it will happen. People who have BTC will use it on these stores and people who doesn't will wonder if paying with crypto currencies are better, which it is. I just hope we see it when crypto currency become a stable adoptable currency.

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June 13, 2018, 09:52:07 AM
 #224

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.
For me, using bitcoin as a replacement of fiat money is  good if its value is stable. As long as it is not or cannot be stable then it is good for investments.
i think bitcoin will cannot replace of fait money because bitcoin is a digital currency and used by all over the world. the fait money supply can increase and decease with the value of  trade in country and every country used different types and value of money for their identification. and bitcoin supply cannot increase and decrease only price and demand are increase and decrease just like a commodity or product.  we only sell bitcoin on exchange our country currency.

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boddy.dy
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June 13, 2018, 10:26:28 AM
 #225

People feel comfortable using BTC when they got what they want. Well we do have this kind of feeling that when we acquire our desire we become comfortable with it. And also we become comfortable with things if we already know all about of them. So if you know almost all about BTC I am pretty much sure that you are already comfortable. You are comfortable because we don’t have any doubt about it and no fear or anxiety which somehow causes uncomfortable feeling.   
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June 13, 2018, 10:32:21 AM
 #226

Pretty old topic which was probably revived by spam, but good discussion nonetheless.

I for one believe people will feel more comfortable using BTC when it is recognized by more governments. This has been done by Japan which openly supports the use of bitcoin and other crypto which has resulted in a boost in their economy (sources should be cited but you can google these for yourself). When other countries follow suit and openly support bitcoin, the era of bitcoin's mass adoption will begin.
You have to keep your eyes on the market which can jump anytime and will shift the low market not a high market. We should accentuate on our investments in the current time and should not get panic with the current situations. Investment for long term keeps you away from loss and you can sell in a high market when it comes. For now try to invest here more because the future market will come with high value of your coins.
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June 13, 2018, 01:50:11 PM
 #227

When all transactions can be done through Bitcoin and when supermarkets and shopping malls and even online business will accept bitcoin as payments and government will legalized it as a currency.

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June 13, 2018, 02:11:01 PM
 #228

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.

I think when bitcoin will make a big step into the market, because more market will receive bitcoin as soon as this will be received by the world. But it will not replace the Fiat in the near future, perhaps it is going to happen in the future. When the  bitcoin price is more stable.
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June 13, 2018, 05:19:42 PM
 #229

As of now, Bitcoin is still in the early phase of development and on the other hand, we don't have the crypto friendly market environment yet that's why the focus is on the speculation. However, I am expecting the growth in the user base in the coming years and we will see a good volume of Bitcoin transactions regarding the actual use of it as a currency to pay for the bills of goods and service. I am expecting at least a decade for it to happen on the international level.
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June 13, 2018, 07:17:54 PM
 #230

People do not trust the piece of paper that we call cash they trust it’s unsees value and the big support behind it. To make people trust something and feel safe while using it we have to guarantee them something. This is what is happening in today’s currencies so if we want to make people use bitcoin safely we need it to be legitimized.
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June 13, 2018, 07:43:12 PM
 #231

For me i will feel confortable using bitcoin when the value is stable and mostly famous online store accepting bitcoin as their payment. Bitcoin is one of the most useful currencies later because it is so easy and efficient to use.
It is impossible to see the price of bitcoin being stable but if there are more merchants accepting bitcoin then people will be interested to purchase the coin or make an attempt to understand what this new technology is all about, this is an old thread and the problems are the same still as we are yet to find user friendly wallets for everyone without having complicated things to store and save and when that happens the common man will feel comfortable to use.
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June 13, 2018, 07:56:46 PM
 #232

I think that it will be when Bitcoin's price will be more stable. For now, people can't trust Bitcoin because it's price is swinging every freaking week.
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June 13, 2018, 09:23:47 PM
 #233

For me i will feel confortable using bitcoin when the value is stable and mostly famous online store accepting bitcoin as their payment. Bitcoin is one of the most useful currencies later because it is so easy and efficient to use.

When the time comes that the price of bitcoins become stable then it will be useless in the future because most of the traders in the market are just earning a huge amount of profit due to its volatility that is very profitable.

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June 13, 2018, 10:04:54 PM
 #234

Quote
When will people feel comfortable using BTC ?

Generally speaking people who use bitcoin will feel comfortable when the government legalizes BTC for everyday use especially as payment methods. And the government and banking willing to facilitate by providing ATM bitcoin machines connected to their bank.
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June 14, 2018, 06:19:04 AM
 #235

The fees are too high. I sold some of my alts, about $200 worth, to send to my bank account, and I still haven't sent it because I'm waiting to get more, because of the fees. So it's not as easy to use everyday due to the fees.
The usage of the bitcoin in the daily life is increasing significantly as there are so many places which have started accepting bitcoin and that the ones who have the bitcoin are more comfortable in buying things and paying the bills at different places and that too without having any kind of paper money in their wallet. Once this trend will be more common, then we can expect more people to use the bitcoins.
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June 14, 2018, 06:27:01 AM
 #236

People were at the top before, as bitcoin reached the 20K USD last year.
they will be comfortable as long as bitcoin solves the problem.
the peak of the transactions was done before and the problem occurs,
the volume and capacity of transfer were not good enough. this is the biggest thing to solve/.



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June 14, 2018, 12:11:11 PM
 #237

People just won't really accept anything new especially if that involves money. In my opinion, the only time where people will accept btc and start using it, is when all the basic Commodities entails the use of bitcoin. I mean, they will have no other option but to use bitcoin to buy goods right?

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June 14, 2018, 12:17:42 PM
 #238

Most of the people voted under 10% or most of them are holders, we see bitcoin as an asset or as a piece of land that will be more valuable on the future, I think thats why people do not want to spend it either or they are not comfortable doing trades
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June 14, 2018, 12:22:41 PM
 #239

I think it will be possible only if lightning network succeeds. Because current speed, network size and fees are not proper for daily use. Maybe it is possible with some other altcoins such as ethereum.
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June 15, 2018, 10:10:52 AM
 #240

For me i will feel confortable using bitcoin when the value is stable and mostly famous online store accepting bitcoin as their payment. Bitcoin is one of the most useful currencies later because it is so easy and efficient to use.
It is up to the demand of people and nothing more else, the demand of people is responsible to control Bitcoin’s market value. People will feel comfortable if they take right decisions on right times, because of their false decisions they feel uncomfortable.

In order to go smoothly in this market you need to invest more in it in order to get large quantity of Bitcoins so that you may be able to get the utmost benefit.
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