Topic: 5 Types Of Bitcoin Early Adopters, Part 2: Merchants (Read 1415 times)
It's great to see so many merchants, especially the bigger ones, adopt bitcoin. Now the next step is for them to actually hold the btc, and pay out employees, services, and merchandise in btc rather than instantly convert back to fiat. Right now it's still extremely rare for any merchants to actually hold keep the btc.
Merchants want stability of the currency. Bitcoin can not offer this function yet.
Although it has been stable for some time now - no more days waking up to see price up/down 30% overnight.
Merchants also have the ability to instantly convert their bitcoin to fiat whenever they receive a payment in bitcoin.
Merchants want stability of the currency. Bitcoin can not offer this function yet.
Although it has been stable for some time now - no more days waking up to see price up/down 30% overnight.
Problem is the risk is still perceived to be high to hold bitcoin overnight.
I don't think merchants have as much to gain from being an early adopter than regular adopters do unless they hold some of their coins as a future investment which I';m guessing most don't.
Merchants want stability of the currency. Bitcoin can not offer this function yet.
Although it has been stable for some time now - no more days waking up to see price up/down 30% overnight.
I seem to have missed part 1, what was that about 
Good read all the same
Good read all the same
Thanks, I liked it.
What was Part one about?
What was Part one about?
Very interesting, thank you for sharing, I learned a few things
Merchants want stability of the currency. Bitcoin can not offer this function yet.
Nice to see investopedia has put more effort into their Bitcoin articles
Also that they are starting to look at it
Thanks for the share
Also that they are starting to look at it
Thanks for the share
Interesting read. Thanks for sharing.
How many Parts do you plan on writing?
Not writing articles for investopedia mate I was referring to their articles being more in depth, recall a few that skimmed the concept a year ago but this is a step up from their previous look at the subject matter.
For now, however, it appears likely that bitcoin will be most attractive to merchants operating in industries that rely most heavily on privacy, altruism or micro-payments.
To the extent that it has more applications for mobile banking which was not mentioned there is room for improvement here.
In time other industries will see the benefits as well. Especially ones that move large amounts of money and pay huge fees to do it. It is interesting that new technologies are always driven at first by industries considered to be vices.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
Nice to see investopedia has put more effort into their Bitcoin articles
Also that they are starting to look at it
Thanks for the share
Also that they are starting to look at it
Thanks for the share
Interesting read. Thanks for sharing.
How many Parts do you plan on writing?
Not writing articles for investopedia mate I was referring to their articles being more in depth, recall a few that skimmed the concept a year ago but this is a step up from their previous look at the subject matter.
For now, however, it appears likely that bitcoin will be most attractive to merchants operating in industries that rely most heavily on privacy, altruism or micro-payments.
To the extent that it has more applications for mobile banking which was not mentioned there is room for improvement here.
Nice to see investopedia has put more effort into their Bitcoin articles
Also that they are starting to look at it
Thanks for the share
Also that they are starting to look at it
Thanks for the share
Interesting read. Thanks for sharing.
How many Parts do you plan on writing?
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
Nice to see investopedia has put more effort into their Bitcoin articles
Also that they are starting to look at it
Thanks for the share
Also that they are starting to look at it
Thanks for the share
Well put together thanks for sharing. The merchants are crucial at this stage of adoption, they will be the front runners in exploiting Bitcoin's platform for business. Add in the underground industries this attracts and things really start looking up.
When the other coins that have real value blow up as did Bitcoin things will really get interesting. When these Virtual platforms are really being used to their full potential and have really been adopted I suspect things to get very interesting.
When the other coins that have real value blow up as did Bitcoin things will really get interesting. When these Virtual platforms are really being used to their full potential and have really been adopted I suspect things to get very interesting.
Thanks for sharing that link, it was a usefull reading 
5 Types Of Bitcoin Early Adopters, Part 2: Merchants
http://www.investopedia.com/articles/investing/071514/5-types-bitcoin-early-adopters-part-2-merchants.asp
http://www.investopedia.com/articles/investing/071514/5-types-bitcoin-early-adopters-part-2-merchants.asp
Jump to: