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Author Topic: When will people feel comfortable using BTC ?  (Read 12189 times)
Umar001
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June 19, 2018, 06:27:17 AM
 #281

Peoples will feel comfortable in using bitcoin, when btc btc became universal acceptable, and legally accepted by government authority of every countries.
microwave
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June 19, 2018, 06:40:03 AM
 #282

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.


People become comfortable using BTC if  number 1, BTC is always available anytime, number 2, High speed internet is free for all the people, number 3,also Gadget  like cellphone and Computer is Selling in affordable prices that avail even in a low class of living that's the main problem by the user so if those all I've mentioned are provided? people are to much comfortable.

p i e c e
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June 19, 2018, 11:13:23 AM
 #283

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.

Even now, then Bitcoin is down, you can feel free to you it. For instance, you can invest BTC in the best ICOs. It does not matter how much Bitcoin will cost. You can also exchange it for any other altcoins.
Malaya
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June 19, 2018, 11:52:39 AM
 #284

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 myself doesn't want to spend my bitcoin when the price was too low and would want to if it has a high value. People are depending on the price of bitcoin of when to use it. Really, there are so much to consider before bitcoin to be used as method of payment. Maybe it can be used when it came to a point the price of bitcoin became stable.

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arief89
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June 19, 2018, 11:58:32 AM
 #285

people will feel safe using bitcoin when bitcoin prices continue to rise and the rest of the world allows using bitcoin to shop for all the necessities of life, maybe with it everyone will feel safe using bitcoin ..

cheann20
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June 19, 2018, 12:02:38 PM
 #286

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.

Its true it is better to use in investing in company unless in fiat you also need to buy crypto like eth or btc, it depend on company if they accepting fiat. So fore bitcoin is better to use in any transaction including investing.
TheGreatPython
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June 20, 2018, 09:54:14 AM
 #287

I believe the answer to your question would be when the big supermarkets accept some form of btc for their goods.

In my opinion, people will feel comfortable using BTC if they  have enough knowledge on how to use it as currency, an asset and an investment, experience the benefits given by BTC and if it is fully accepted worldwide.
Those who are not feeling comfortable with the Bitcoin can surely stop investment or using the Bitcoin because their insufficient knowledge made them feel uncomfortable and is the main reason. Now as we know about people who were with low wealth are now millionaires and billionaires because they used the Bitcoin correctly. It is a much benefited way and we do not have to waste our times more.

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btcrut2017
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June 20, 2018, 10:22:51 AM
 #288

I believe the answer to your question would be when the big supermarkets accept some form of btc for their goods.

With all the negative news circulating about bitcoin it will always be a hindrance to every users. But if we have to dig deeper in bitcoin and look into its benefits users will comfortably use it.
Camorra Dev
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June 20, 2018, 01:50:29 PM
 #289

In my opinion, people will feel comfortable using a bitcoin, when they could use it everything, or at least in nessesery stores for basic things (like food, clothes). It would be good.
Meowth05
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June 20, 2018, 02:04:12 PM
 #290

people will feel safe using bitcoin when bitcoin prices continue to rise and the rest of the world allows using bitcoin to shop for all the necessities of life, maybe with it everyone will feel safe using bitcoin ..
Indeed, I guess it will be more comfortable for them if bitcoin price will goes up because it is alarming to invest on Bitcoin if we will see it in current situation. Though we know it is just temporary still we cannot tell to other to not be afraid. We cannot fully change the mind of individual hence, we shouln't imitate them but rather do the things that you think is right.

Mr.John19
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June 20, 2018, 02:23:08 PM
 #291

Everybody will be agreeable if they take right choices when goes ahead the exchanging and if their arrangement is in the correct circumstances, they additionally all around happy with satisfaction. We can fell most agreeable when all the country permits the bitcoin everywhere throughout the world. Starting at now, just rare of people who know how to value the digital currency and some nation don't perceive the bitcoin.
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June 20, 2018, 02:38:01 PM
 #292

In my opinion, people will feel comfortable using a bitcoin, when they could use it everything, or at least in nessesery stores for basic things (like food, clothes). It would be good.

Or if the price of bitcoin will be stable. Because of volatility I am scared to use my bitcoin because everytime that I want to use it  I always end up thinking that what if the price increase? Well volatility is part of bitcoin and for me it's good.
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June 20, 2018, 02:47:53 PM
 #293

People will be comfortable in using Bitcoin when people will use it legally, and  when countries will accept it and most of all when many establishments will use bitcoin as Mode of Payment.

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osmo
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June 20, 2018, 03:07:31 PM
 #294

many people would be comfortable using bitcoin if many countries legalize bitcoin, for now most people only use bitcoin as an investment because the development of bitcoin is very fast, I just save bitcoin and do not use bitcoin for shopping, because in my country bitcoin still illegal

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June 20, 2018, 03:24:09 PM
 #295

Well people always complain. We could not please all the people around us even the best of our friends will somehow will definitely had another ideals and as we all know that as human as we are unique. So people will not feel comforable using BTC especially of its techincalities then it is a problem. however, to those people who are knowledgeable in cryptocurrency but still complain because market price going down and we could do nothing about it except is to wait.
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June 20, 2018, 03:40:09 PM
 #296

When the value and when we use bitcoin are acknowledged and when the need for bitcoin is acceptable then bitcon users will be more comfortable using bitcoin and when many services accept payment bitcoin
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June 20, 2018, 03:50:35 PM
 #297

I think it can be happen when the world's people will know about bitcoin and it's usages. And they will get technological facilities then they will be able to using BTC.

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June 20, 2018, 07:50:11 PM
 #298

In my opinion, people will feel comfortable using a bitcoin, when they could use it everything, or at least in nessesery stores for basic things (like food, clothes). It would be good.

Or if the price of bitcoin will be stable. Because of volatility I am scared to use my bitcoin because everytime that I want to use it  I always end up thinking that what if the price increase? Well volatility is part of bitcoin and for me it's good.
  Well it has volatile price it use to increase and decrease, most of time people think about volatile at the falling price, I think we should hold at the time of falling price, for me the it is good to see it falling as if it will keep on rising because more and more people are buying at the time of fall and sell at the time of rise, we should hold our coin at dip and sell at highest price, so this is an advantageous way of making profit, so just relax if the price is low soon it will be high.
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June 20, 2018, 08:36:50 PM
 #299

I think this can probably go in the main forum IMO.

I think the price fluctuations either way could be a big problem. Why would you spend money today when it could be worth a lot more tomorrow, and why would you spend money today if it's worth less than it was yesterday?
This is an important issues to note. Price fluctuations will surely make it difficult to use Bitcoin in our daily lives. It will be like that economy that is very unstable and has low value which causes prices to constantly decrease and increase in matter of seconds. I think for BTC to be used in our daily lives it has to gain more stability.
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June 20, 2018, 08:44:49 PM
 #300

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.

People will be only feeling comfortable about bitcoins if most of the government on the countries are going to legalize cryptocurrency, in this way the people will be comfortable about investing on cryptocurrency.
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