Acceptance of bitcoin as payment! - page 2.

Pattart

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Quote from: Ranly123 on March 14, 2019, 07:36:41 PM

Quote from: arpon11 on March 06, 2019, 08:40:16 AM

I have not read bitcoin's whitepaper but from the little understanding I have I think bitcoin was developed to be use as a mode of payment for goods and services? It was for a transactionary purposes and not as the way we are using it now as a way of making profits by buy them and hold or sell Them whenever we think it has appreciated in pricing!
I believe for bitcoin to grow it purposes must be well explain to the populace as they are the one that needs it in transactions and that is why the more people that know about it an it primarily uses of p2p the better bitcoin become. We must promote it with the aim of bringing more people especially business people to start adopting bitcoin for they business. Bitcoin should also be stable in pricing because it will be very difficult for retailers and wholesalers business to use it if it is unstable.
Finally I will like to get your opinion on this as this will help the mind of many of us here about this great technologies.

Not only as a means of payment but it is also used as gambling money. Nowadays, Bitcoin has many usage through online transactions that's why it is very vital in cryptocurrencies success over the years.

Yeah we know it, actually what many people want is to use bitcoin like using fiat, can be used in offline or shop around your house. Buy food with bitcoin, electronics, pay bills, and etc. I realize it will take a long process, but I really hope that happens

anggracoin

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Bitcoin is still far from its goal as a payment tool because most people involved in cryptocurrency apply Bitcoin as an investment medium. They prefer to take advantage of the fluctuating nature of Bitcoin rather than using it as a payment tool.

LUCKMCFLY

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Quote from: arpon11 on March 06, 2019, 08:40:16 AM

I have not read bitcoin's whitepaper but from the little understanding I have I think bitcoin was developed to be use as a mode of payment for goods and services? It was for a transactionary purposes and not as the way we are using it now as a way of making profits by buy them and hold or sell Them whenever we think it has appreciated in pricing!
I believe for bitcoin to grow it purposes must be well explain to the populace as they are the one that needs it in transactions and that is why the more people that know about it an it primarily uses of p2p the better bitcoin become. We must promote it with the aim of bringing more people especially business people to start adopting bitcoin for they business. Bitcoin should also be stable in pricing because it will be very difficult for retailers and wholesalers business to use it if it is unstable.
Finally I will like to get your opinion on this as this will help the mind of many of us here about this great technologies.

Now this is the case, in the case of countries with high inflation, much more is applied.

Not only are they used for goods and services, many times in my profession they have offered me bitcoin and altcoins as a means of payment, which I like, because when analyzing the price of bitcoin today it is low compared in some years, which it can be achieved in terms of price.

And people often do not have cash, they prefer the convenience of doing it digitally and with a transaction that is quick and that in a matter of minutes they will have the funds in their wallet.

In some commercial stores where they sell clothes and household items, they also use Bitcoin as a payment option, little by little this culture will become generalized. In fact, the main reason of the whitepaper is to create a totally decentralized economy where governments or third parties can not intervene, and according to many books focused on cryptocurrency, they emphasize that the world economy will be heading little by little towards this trend.

brotherwood12

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yep , the 1st thing why bitcoin made is to make "new" payment method that secure and anonymous , but right now most people just buy it as assets and investment

Bonsaiav

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Quote from: arpon11 on March 06, 2019, 08:40:16 AM

I have not read bitcoin's whitepaper but from the little understanding I have I think bitcoin was developed to be use as a mode of payment for goods and services? It was for a transactionary purposes and not as the way we are using it now as a way of making profits by buy them and hold or sell Them whenever we think it has appreciated in pricing!
I believe for bitcoin to grow it purposes must be well explain to the populace as they are the one that needs it in transactions and that is why the more people that know about it an it primarily uses of p2p the better bitcoin become. We must promote it with the aim of bringing more people especially business people to start adopting bitcoin for they business. Bitcoin should also be stable in pricing because it will be very difficult for retailers and wholesalers business to use it if it is unstable.
Finally I will like to get your opinion on this as this will help the mind of many of us here about this great technologies.

You're right, that's the main reason bitcoin was created, that is as a medium for buying and selling transactions. However, along with the emergence of various bans made by the government, then a smart mindset was born in their minds specifically users and took the initiative to use bitcoin as a trading medium and investment assets.

I agree with you because P2P has been the most ideal and effective way to transact, in this way we will be safe and far from the reach of third parties and without being highlighted by the government. When viewed from the history of the formation of bitcoin prices that are independently fluctuating (only formed by the trust of its users), So, I think the value of bitcoin will not be stable.

dimox

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less people use bitcoin as payment, and many people use bitcoin because it have unstable price that taken the advantages to make money. but, now, many country accept bitcoin as payment, it mean bitcoin trusted as payment. and that service available in store that make easy bitcoiner.
there are two group with different utilization to bitcoin.

Dimas99

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Quote from: Peashooter on March 06, 2019, 10:24:52 AM

At this current day we can see big development in the acceptance of bitcoin especially in the field of businesses simply because some companies, store and mall start to accept it as a mode of payment. Maybe in the coming future all of us bitcoin to pay all our bills.

That has happened when this country receives crypto currency as a currency that is frozen and the legality of the crypto currency has been recognized by the government as the applicable currency in the future and can be carried out throughout the country.

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Quote from: Oceat on March 16, 2019, 02:18:48 PM

Bitcoin has been widely used before since it was first being released by Satoshi, and we know where it is most often being used since there are no qualified regulations before it is being used as a payment in the black market due to its anonymity. But today it is being used as a payment for something and can be traded with fiat also and used in gambling too. Look how Bitcoin is being accepted around the world.

Didn't reach much adoption yet,we still not reached even 5% of total transactions happening all around the world so there is something wrong with the people who uses bitcoin currency which is that we call bitcoin as investment. Sad

samelvis

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The main idea behind bitcoin is a ro create a decentralized mode of payment and shift the world economy from the rich and make it accessible to even thr poor and middle class. Bitcoin adoption will take time but its gradually happen and sooner before we know it will go mainstream

StarofBTC

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Quote from: Cherylstar86 on March 11, 2019, 05:17:09 AM

Many counties in the world have already started to legalize bitcoin payments. It allows payments to be done internationally without having to worry of any conversions and aside from that its transaction fees are very low compared to credit and debit card purchases. It provides ease of transaction, no taxes on purchases, and lower risks for buyers. It may not be widely-adopted for now but I believe that in the long run more people will become fully-aware and educated of how beneficial Bitcoin is, realize its real value despite volatility, and regulations of Bitcoin in most of the countries will come into place.

We would keep advocating for the adoption of Bitcoin as a payment method but for now it is best used as an investment /trading medium.

I think one of the reasons there’s still difficulty in some countries accepting it as a payment method is because of it high volatility and this cannot be changed. Like you have rightly said at the end of it all, irrespective of its volatility, people would still accept it for its value and would have the understanding that the volatile nature itself has a great role to determining the value.

Oceat

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Bitcoin has been widely used before since it was first being released by Satoshi, and we know where it is most often being used since there are no qualified regulations before it is being used as a payment in the black market due to its anonymity. But today it is being used as a payment for something and can be traded with fiat also and used in gambling too. Look how Bitcoin is being accepted around the world.

Best Dreams

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Quote from: cydrix on March 16, 2019, 11:14:23 AM

Didn't you know that it is currently being used in various transactions in sites that accepts this kind of service such dark web, etc. Moreover it cannot be used in payment such as salary for employees. Bitcoin's price is too unstable the employee or the people at work will be disturbed that their money can change anytime with no guarantee whatsoever. But as payment for items or anything that can be bought by products is still acceptable.

Yeah it merchants are using bitcoin as payment so it is sure the receiver will accept it that’s why they are giving, I am good at using bitcoin for paying to buy things, here in my places it is being use even in local stores and internationally now bitcoin for value as source of payment, as it is good and safe way to pay for our needs.

cydrix

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Didn't you know that it is currently being used in various transactions in sites that accepts this kind of service such dark web, etc. Moreover it cannot be used in payment such as salary for employees. Bitcoin's price is too unstable the employee or the people at work will be disturbed that their money can change anytime with no guarantee whatsoever. But as payment for items or anything that can be bought by products is still acceptable.

Ailmand

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There are plenty of merchant who accepts crypto as a payment even a supermarket,
The big question is are you willing to pay with crypto?
Most of us are happy that more and more merchant are accepting it,But some of us aren't really going to pay with crypto some of us see's it as an investment not us a currency for such transactions.

BennyK

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Although some companies and businesses have set the pace in the integration of Bitcoin into their payment systems, others are scared to do so because it is not legalized in their country. The issue of Bitcoin being accepted as a currency must be tackled from the governmental perspective because people are ready to do and comply to whatever the governments bring onboard. I believe there are many in here who are in governmental positions and can advocate for Bitcoin on this. It is time to break the long silence and advocate tirelessly for Bitcoin and with this, most of the governments, if not all, will accept Bitcoin.

Ranly123

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Quote from: arpon11 on March 06, 2019, 08:40:16 AM

I have not read bitcoin's whitepaper but from the little understanding I have I think bitcoin was developed to be use as a mode of payment for goods and services? It was for a transactionary purposes and not as the way we are using it now as a way of making profits by buy them and hold or sell Them whenever we think it has appreciated in pricing!
I believe for bitcoin to grow it purposes must be well explain to the populace as they are the one that needs it in transactions and that is why the more people that know about it an it primarily uses of p2p the better bitcoin become. We must promote it with the aim of bringing more people especially business people to start adopting bitcoin for they business. Bitcoin should also be stable in pricing because it will be very difficult for retailers and wholesalers business to use it if it is unstable.
Finally I will like to get your opinion on this as this will help the mind of many of us here about this great technologies.

Not only as a means of payment but it is also used as gambling money. Nowadays, Bitcoin has many usage through online transactions that's why it is very vital in cryptocurrencies success over the years.

Finestream

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Quote from: breathlessz on March 14, 2019, 02:51:03 AM

Quote from: Robotbitcoin22 on March 13, 2019, 05:20:29 AM

In my opinion it is indeed quite good and suitable when we see that bitcoin is used as a payment and also bitcoin as a preference or other payment option, but the risk is also quite large also because the decline in the value of bitcoin or increase is also quite large

I think when all countries have used it or legalized it, it is certainly not as volatile as it is today, because the volume has been spread and of course the price will be very expensive. and at that time of course bitcoin can be accepted as a means of payment.

Yes.Once bitcoin will be fully legalized in all countries,its price will surely be stable already.Volatility will not be an issue anymore.With that,there will be more merchants who will accept bitcoin as a mode of payment knowing it has an expensive value.It is only today that bitcoin was made more of an investment since bitcoin is not yet adopted as a payment system.

Gaff

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Quote from: cybersofts on March 14, 2019, 01:50:12 PM

Bitcoin is not the fastest nor cheapest cryptocurrency after all!

Reference: https://twitter.com/APompliano/status/1105864295928291328

We only appreciate bitcoin as cheaper during market downfalls, and with it's faster transactions on blockchain I think acceptance is always possible in every country. Before it begins to happen, people need to be more educated with all it's advantages to human needs. To make this acceptable, government also should allow cryptocurrency activities to merge with fiat economy. When this will begin to be implemented, there's a lot of adjustments needed in order to fulfill this matter.

cybersofts

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Bitcoin is not the fastest nor cheapest cryptocurrency after all!

Reference: https://twitter.com/APompliano/status/1105864295928291328

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Quote from: Robotbitcoin22 on March 13, 2019, 05:20:29 AM

In my opinion it is indeed quite good and suitable when we see that bitcoin is used as a payment and also bitcoin as a preference or other payment option, but the risk is also quite large also because the decline in the value of bitcoin or increase is also quite large

I think when all countries have used it or legalized it, it is certainly not as volatile as it is today, because the volume has been spread and of course the price will be very expensive. and at that time of course bitcoin can be accepted as a means of payment.

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