Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin money?
by
1Referee
on 07/04/2017, 14:41:31 UTC
All these facts shows that bitcoin is becoming a real currency and soon we shall have bitcoins and altcoins for everyday usage also. The increase in he market cap for the digital currency shows the future is purely bitcoins.

In order for the average joe to ditch fiat (could also be partly), Bitcoin must be able to offer people a similar to fiat experience when it comes to settling payments and everything around it. Average joe type of people think like this; Why would I buy Bitcoin to spend it on stuff, when I can do that already with fiat? It's a simple way of thinking, but that's exactly how these people are. With Bitcoin you first need to obtain it, where after that you can spend it on things. Why would an average joe type of person take these extra steps?