Topic: Acceptance of bitcoin as payment! - page 3. (Read 1039 times)

Wasn't bitcoin used to close transactions you had in deep web?

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 agree in particular with your submission.
I could remember when I was new to crypto....my friend that invited me to crypto spent considering amount of time getting me conversant with how to use blockchain and the rest.
I must confess that the task was daunting and frustrating to say the least because the whole thing looks foreign to me.
What I am saying in essence is that, for bitcoin to attain the position of a payment medium.
Theres the need for proper education .
I think there should be a course on blockchain in our colleges.
This I believe would drive adoption.

There could be means or methods to use for the acceptance of Bitcoin. The transactions you are talking about which is a difficult task for  a begginer or a common individual who does not have ideas about it can be a real hindrance for usage and acceptance . Exchanges can make this simple using third party softwares to make things even simpler.

They are lucky who are holding it, because as time passing crypto currency is gaining value and importance so in shoes and markets digital money will be acceptable and real or fiat money will lose value, in several markets when you go for shopping they will first offer you to pay with digital money because it is our future, holding your money as crypto saves your future.

Well let's face it, regulations will help get confidence from investors knowing that their money can be backed up. I know decentralization and anonymity are big factors for crypto but certain security risks come with it. And governments will always have a say whether we like it or not so might as well just find a common ground.

Adoption is termed as a major necessity for the acceptance of bitcoin as payment by most people, but as stated in the above quote bitcoin as a payment acceptance needs to begin from each and every user who wish to make use of bitcoin on all their regular needs. In specific people who are using bitcoin as well having their own physical business needs to begin accepting bitcoin onto their services which will also contribute good.

We don't need to have regulations to use Bitcoin there is nothing stopping us (or merchants) and we don't need regulations to see mass adoption. It will come from people themselves, whatever because they're looking for an alternative payment system, financial privacy, or they're interested to save up on the fees, are unbanked, ...

Eh, I've thought a lot about bitcoin and its utility as a currency, and while it certainly works (I've used it to buy things a number of times with little trouble), the general public really has no need for a cash substitute as long as that cash has value.  In addition, everyone gets paid in fiat; goods & services are priced in fiat; and unless you somehow end up with bitcoin in your lap, you have to go out of your way to buy it with fiat.  It therefore makes no sense for the average person to spend it.

I'd say for most bitcoin/crypto enthusiasts, bitcoin has more value as an investment due to its volatility, and you'll see that most members on this forum are always hoping it'll shoot to the moon, and less often you'll hear about how its used as money--though people here definitely do use it for buying things.

If and when we get a hyperinflation situation, it might be useful as money but more likely we'd just use another currency that wasn't devalued.  Venezuela is going through that right now, and I don't think the typical Venezuelan is using bitcoin for their grocery shopping.  I have heard stories about crypto being used there, but my impression is that it's not particularly prevalent.

But hey, keep at it trying to get people to use it.  The more people who do, the better it is for all of us.

To back up all these claims Brazil had started using bitcoin as a means of payment in their movies industries definitely this will motivates other sister industries to follow the trend by making provision for digital payment in form of bitcoin, honestly with all these various positive adoption of bitcoin solidifies or reinforced the fact that bitcoin is gradually gaining ground and it will not take long before its fully adopted in many countries.

in several countries bitcoin already accepted as currency, they could spend their bitcoin in several place ,usually in tourist attraction.more place accept bitcoin it will bring new demand to bitcoin.

If bitcoin regulated in many country as currency and able for used in merchant, perhaps bitcoin can useful for tourist because its more secure and flexible. But i think bitcoin will become digital asset because government must be wont lose control on money supply

It should be used as a currency and not alone as an investment assets, this system can help the industry if being implemented and adopted everywhere, transactions can easily be done and every people around the world will benefits, it's a convenient way for such alternatives with bringing physical fiats or using cards, if bitcoin will be adopted it will bring new type of payment process,.

Indeed, Bitcoin should be used as a payment method, if viewed from all-tech developments it makes everyone not have to bring cash in transactions on the market, this is quite beneficial for all parties if done.
What else is there now a lot of criminals, robberies, etc. with the passage of the method of the pre-paid bitcoin system is safe enough for everyone on the trip or trading.

Yes  it is mode for our own benefits and it is able to give us good result as currency and as investment too, bitcoin is best technology which is like great it made our life easy and it will give our country new time of development, it is good for long term holding so that it will increase in price which gives profit.

I am of the opinion that accepting Bitcoin as a payment option would facilitate it's price stability, and not the other way around. Yes, it has become more stable, but is still has speculative value and would remain volatile until it is pegged to real products and services.

Something can only be used as a mode of payment, if it has value. Nobody will let you pay in something if it is worth nothing...they want to exchange goods or services for something that has value.
Gold is something that had value, and that is why it is used as money. It too also has people trading it and making profits on the pricing.
The bitcoin price has become much more stable over the years, and will get more stable as time goes on, and it becomes more wide spread.

It is problem but now it is solved in several places as people are adopting this system of payment, I know when something new comes to the market it takes time for people to adopt it and to accept it, but gradually and with passage of time things get better, so in my city number of stores have crypto payment services.

this problem has been around since the beginning of the year of bitcoin, and is very stale to talk about this problem right now,
many people have suggested that it doesn't matter when a new platform appears, all we need is acceptance from many stores

Not sure why you haven't read the whitepaper. Even the abstract on page 1 is enough to tell you what it's all about, though your little understanding seems to be a lot closer to home than what most people know.

For me it's really as simple as it sounds. For Bitcoin to enjoy even more success (yeah I actually think it's already a success even though I still see it as an ongoing economic and social experiment), it's down to us to accept it and use it. Not only by accepting it as payment, which is easy enough, but to also want to use it to spend and pay. Make your desire to use Bitcoin to pay known and it's more likely to be accepted by others.