Re: How do you convince people to use Bitcoin?

A lot of people are already in to the Bitcoin community but bitcoin is not yet known generally to other people. What are the things you usually say when people ask what Bitcoin is?

We generated ten things about Bitcoin that will make people believe and support the cryptocurrency, you can check it out on the link below:

Ten things about Bitcoins that will make you become a believer and supporter

We would like to hear comments and additions from you to help convince beginners or other people to embrace and use the crypto technology.

In relation to what you mention as the transaction fees being miniscule, I guess this would be the one that would convince my friends to use bitcoin. Being an overseas worker, we always send our family and relatives some money once or twice a month and a minimal transaction fee would be a big help because it would mean bigger money that our family and relatives will received. Not having the need to go to a money exchange after work is just a relief and sending money anytime and anywhere whenever we wanted is favorable for us.

Money transfer is one of the benefits on using bitcoin, as you said the transaction fee is small compared to bank or other remittances out there and also the transaction time on transfer is more faster and its just a matter of click and you dont be hassled in lining up just to transfer funds to your family especially when you are in abroad. Bitcoin is really a big help with this matter.

That's true bitcoin is really the best when it comes to money transfers as it involves minimum fees and its far better in compare to other payment systems.

Using Bitcoin as a tool to send payments from point A to point B is the best when it comes to speed and the very low cost.

But if people are looking to cash out their coins to fiat, then things look different as the fee structure will take up at least 0.5-1% of the total transaction value.

It does have difference but the fee in exchanging btc to fiat isnt big afterall and you wouldnt feel it when everytime you exchange i guess. Bitcoin has many usefull things not only on transfering funds but all its accessibility to do transactions fast like buying something online by the use of bitcoin it really gives us convenience.

%1 as fee for converting BTC to fiat might not look like much, but with large amounts it will add up.

If you cash out $10,000 worth of BTC, then 1% is $100 in fees that you will lose.

And if you do a lot of such transactions in a month, then you might come close to $1000 in fees in a month.

As if you are a very rich person since you almost withdraw almost $10000 which is a very big amount already how much more if you do it 10x a day then you are truly rich even you spend %1 in each transfer you wont matter anyway that amount since you own lots of money and it cost less compared to other transfers, right?

Believe me, even for wealthy people that 1% is a lot and not something they will easily let go. Especially when you are dealing with large amounts.

And what other transfers are you talking about that it cost less?

He mean that bitcoin transfer cost less compared to others as you read his post carefully. I agree even those wealthy ones do even hurt with such transaction fee especially on large amounts. like on the example $10000 money transfer and the fee is $100 which is really huge and you could already do things with that.