Acceptance of bitcoin as payment! - page 5.

Fabienne_ayy

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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.

Stable BTC? sounds terrible.. you mean stable like 'stable coin'?

ricardobs

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Quote from: Distinctin on March 07, 2019, 07:16:41 AM

Crypto isn't just fully established and yet it still on the developing stage. Since we are still on the process of legalization, we don't expect for its fully acceptance as a mode of payment. It takes times to have that, maybe a year's but we do hope that people will oversee bitcoin as another form of currency and not just for investment.

Maybe just a year won’t be enough for bitcoins to establish their legalization. Bitcoins were been launched in the late 2009 which now makes them 10 years old but yet we may call them in the developing stage as even not all of the bitcoins are been mined until now. There is time yet for bitcoins to get fully developed and perhaps after they are fully developed, they might be legalised and then we can use bitcoins in nearly each purchase.

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Quote from: MTNAX on March 06, 2019, 11:44:11 AM

nowadays there are many bitcoin users who benefit, in addition to providing bitcoin benefits it can also be used for easy payment by its users. Because it's easy to pay with bitcoin is very acceptable to the public.

it is an advantage that is obtained by using crypto currencies and maybe crypto currencies are created to keep up with the development of the economy by using the development of time and technology

ricardobs

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Quote from: slocker on March 07, 2019, 07:33:57 AM

Agree that they are companies or retailers online that accept bitcoin as payment or any crypto at all. This should represent future in all aspect of money trade and transfer, but from some point it will take look of time for this to be a reality. Every country have reserves of cash that are back up with gold, and many dont see crypto as reliable asset to invest cuz its not constant in price, or more they cannot control it at all.

Bitcoins will hardly be considered as a liable asset because the governments from most of the countries are running behind banning bitcoins and all related altcoins. Bitcoins are used online onto various exchanges, websites, etc which keeps them a bit away from centralized currencies.

The day bitcoins will expect to rule the globe, the centralized systems have to stand on their knees in front of bitcoins and it won’t happen that easily. Bitcoins do not posses the qualities of a liable asset unlike gold, etc.

jrrsparkles

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Quote from: Ucy on March 08, 2019, 03:14:00 PM

It was designed to be used for buying, selling and investment (holding or saving) purposes. I don't see why it should not be used for both purposes.
Did the recent stability increase the adoption/usage of Bitcoin for buying and selling?
I guess there are good reasons why the deflation is allowed in the first place.

I don't think Satoshi designed bitcoin for holding purpose,the main reason why he invented bitcoin is for making transactions on our own without third party between the sender and receiver so it not meant for saving hope,but it is decentralized so no chance for inflation so we can hold it as well if we want but it is risky though.

gowobonyok

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it is the most awaited thing for everyone, especially bitcoin users around the world. imagine being able to buy food, drinks, and cigarettes using bitcoin in a simple way is the most awaited.

andika2018

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Quote from: whirlcoin on March 08, 2019, 07:05:37 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.

yes it needed to accept legally in every place for making the payments and it also had some benefits with it if we had to make the Bitcoin as a payment then the economy also been developed with the development of the payment method so I think it will be acceptable one

Bitcoin will accept in any place and any merchant and the obstacle is on government regulation. Many country ban bitcoin if used as currency in merchant because afraid if used for money laundering. Beside that, internet infrastructure important if want to mass adoption

whirlcoin

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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.

yes it needed to accept legally in every place for making the payments and it also had some benefits with it if we had to make the Bitcoin as a payment then the economy also been developed with the development of the payment method so I think it will be acceptable one

akram143

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To make the payment of Bitcoin is possible in all field it needs support from the both side like buyer and the seller also need to accepted as a legal currency to buy and sell if it possible making the Bitcoin for payment we will be more easier and also the online shopping will definitely need to accept Bitcoin as a payment way it will be the first step for getting more stronger payment.

Ucy

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It was designed to be used for buying, selling and investment (holding or saving) purposes. I don't see why it should not be used for both purposes.
Did the recent stability increase the adoption/usage of Bitcoin for buying and selling?
I guess there are good reasons why the deflation is allowed in the first place.

lienfaye

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Lets just admit that majority of people are engaging themselves in bitcoin because of the fact its a good investment, the opportunity to earn is the reason why we take advantage the high volatility of its price.

We cant coerce the investors to use it as a means of payment for goods or services because we have our own way of thinking and we have our own will what do we want to do with our bitcoin.

We might not in the right path of how bitcoin is created but that's how it is, its up to us how we're going to use or spend it.

Yusuf77

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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.

with the news that you submit it is a very good and advanced development but in my country the crypto currency cannot be used directly because of that transaction to make payments cannot yet occur because of the ban

Muzika

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We should not expect the stability of price of bitcoin and other cryptocurrency due to every different individual there are different purposes some are trading some are selling and buying therefore every moment that it happens the price will move. It is not like fiat currency that is why they cant see bitcoin and other crypto will help the payment method of everyday transaction.

boyz97

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Quote from: judyrob on March 07, 2019, 09:51:07 PM

Quote from: Burogh on March 07, 2019, 08:29:37 PM

Quote from: Dreamchaser21 on March 07, 2019, 07:37:54 PM

Quote from: Febo on March 07, 2019, 06:20:19 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.

Merchants will chose best way for them to sell the products. Most secure, cheapest and with least problems. They will and are on the head of adoptions. Not people. Not buyers. People use it as an investment right now since it is also useful. Chinese owners of hydro plants used Bitcoin as a store of energy. Bitcoin is just so cool to have many use cases. That is why it is so valuable.

Bitcoin is really important for our furture because of many reason. Accepting bitcoin in many merchants are now happening around the world, its getting easier to own and use bitcoin so I’m very confident on the future price of bitcoin, it will be big for sure.

I am prefer believe bitcoin will become store of value or digital asset like gold in our real world. It could used in merchant but with i am believe banks will oppose this and central banks must be want to create their own cryptocurrency or digital money

Other bitcoin or crypto are indeed worthy to be used as assets for the long term, if there is still a lot of payments to receive payments, this is easily controlled by the government. Crypto is very suitable for personal assets for peer-to-peer systems for individuals and only a few companies accept it.

big company start to accept bitcoin as their payment system.and mass adoption moment i think will be no longer again realized , since much government start to test and analize blockchain technology.

judyrob

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Quote from: Burogh on March 07, 2019, 08:29:37 PM

Quote from: Dreamchaser21 on March 07, 2019, 07:37:54 PM

Quote from: Febo on March 07, 2019, 06:20:19 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.

Merchants will chose best way for them to sell the products. Most secure, cheapest and with least problems. They will and are on the head of adoptions. Not people. Not buyers. People use it as an investment right now since it is also useful. Chinese owners of hydro plants used Bitcoin as a store of energy. Bitcoin is just so cool to have many use cases. That is why it is so valuable.

Bitcoin is really important for our furture because of many reason. Accepting bitcoin in many merchants are now happening around the world, its getting easier to own and use bitcoin so I’m very confident on the future price of bitcoin, it will be big for sure.

I am prefer believe bitcoin will become store of value or digital asset like gold in our real world. It could used in merchant but with i am believe banks will oppose this and central banks must be want to create their own cryptocurrency or digital money

Other bitcoin or crypto are indeed worthy to be used as assets for the long term, if there is still a lot of payments to receive payments, this is easily controlled by the government. Crypto is very suitable for personal assets for peer-to-peer systems for individuals and only a few companies accept it.

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Quote from: Dreamchaser21 on March 07, 2019, 07:37:54 PM

Quote from: Febo on March 07, 2019, 06:20:19 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.

Merchants will chose best way for them to sell the products. Most secure, cheapest and with least problems. They will and are on the head of adoptions. Not people. Not buyers. People use it as an investment right now since it is also useful. Chinese owners of hydro plants used Bitcoin as a store of energy. Bitcoin is just so cool to have many use cases. That is why it is so valuable.

Bitcoin is really important for our furture because of many reason. Accepting bitcoin in many merchants are now happening around the world, its getting easier to own and use bitcoin so I’m very confident on the future price of bitcoin, it will be big for sure.

I am prefer believe bitcoin will become store of value or digital asset like gold in our real world. It could used in merchant but with i am believe banks will oppose this and central banks must be want to create their own cryptocurrency or digital money

Dreamchaser21

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Quote from: Febo on March 07, 2019, 06:20:19 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.

Merchants will chose best way for them to sell the products. Most secure, cheapest and with least problems. They will and are on the head of adoptions. Not people. Not buyers. People use it as an investment right now since it is also useful. Chinese owners of hydro plants used Bitcoin as a store of energy. Bitcoin is just so cool to have many use cases. That is why it is so valuable.

Bitcoin is really important for our furture because of many reason. Accepting bitcoin in many merchants are now happening around the world, its getting easier to own and use bitcoin so I’m very confident on the future price of bitcoin, it will be big for sure.

finaleshot2016

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They misinterpret the real purpose of having a bitcoin, I agree that it's being used in some transactions and also for the development of advanced technology.

Quote from: shesheboy on March 07, 2019, 06:41:19 PM

Quote from: sarfield on March 07, 2019, 11:15:27 AM

Quote from: Finestream on March 07, 2019, 10:29:19 AM

Quote from: richminded on March 07, 2019, 08:27:24 AM

Quote from: beami on March 07, 2019, 03:44:41 AM

Yes, investing in BTC actually provides many benefits besides material matters. Knowledge and insight will be obtained easily and more innovated. One business that has a future is bitcoin payments, so don't doubt the development of bitcoin.

There’s a growth everyday in cryptomarket and bitcoin improves a lot compare before. In my country, you can use it as mode of payment though it is still limited but eventually when regulations happen mode businesses will also use cryptocurrency. A market like this will stay for good and bitcoin will be more valuable in time.

I agree.Bitcoin is really intended as a mode of payment and not more of an investment like most of the people now are thinking.But knowing that most of the governments in different countries are not yet ready to adopt and legalize bitcoin so people prefer to make it as an investment wherein they can make good profits out from those potential bitcoins.But hopefully in the next years ahead,bitcoin will be used already as a tool for payment system.

The government is still in learning and it must be able to enter the government list to continue to be considered, or approved for the future of its people. Bitcoin is able to provide many benefits and very practical tools for payments in any business. Surely many countries will use it for the country's economic progress and future.

Only few countries and their governments were still restricting the use of crypto but majority of them are now already legalizing and supporting crypto . besides , the government is not the one that decides on whether a merchant and the people ( costumer ) will use bitcoin or not because a government does not hodl the entire bitcoin . we can still transact feely online and no can track us there compare to when using bitcoin in offline markets .

That's why some countries require the participants to perform KYC because they needed the information of all the people who uses or having a transaction in the blockchain. I salute to those countries that still supporting cryptocurrency as one of the payment because it's more reliable that you're walking around your device, and in that device, you have all of your profit. Decentralization is the best factor/advantage that let people be more innovative on creating other assets.

shesheboy

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Quote from: sarfield on March 07, 2019, 11:15:27 AM

Quote from: Finestream on March 07, 2019, 10:29:19 AM

Quote from: richminded on March 07, 2019, 08:27:24 AM

Quote from: beami on March 07, 2019, 03:44:41 AM

Yes, investing in BTC actually provides many benefits besides material matters. Knowledge and insight will be obtained easily and more innovated. One business that has a future is bitcoin payments, so don't doubt the development of bitcoin.

There’s a growth everyday in cryptomarket and bitcoin improves a lot compare before. In my country, you can use it as mode of payment though it is still limited but eventually when regulations happen mode businesses will also use cryptocurrency. A market like this will stay for good and bitcoin will be more valuable in time.

I agree.Bitcoin is really intended as a mode of payment and not more of an investment like most of the people now are thinking.But knowing that most of the governments in different countries are not yet ready to adopt and legalize bitcoin so people prefer to make it as an investment wherein they can make good profits out from those potential bitcoins.But hopefully in the next years ahead,bitcoin will be used already as a tool for payment system.

The government is still in learning and it must be able to enter the government list to continue to be considered, or approved for the future of its people. Bitcoin is able to provide many benefits and very practical tools for payments in any business. Surely many countries will use it for the country's economic progress and future.

Only few countries and their governments were still restricting the use of crypto but majority of them are now already legalizing and supporting crypto . besides , the government is not the one that decides on whether a merchant and the people ( costumer ) will use bitcoin or not because a government does not hodl the entire bitcoin . we can still transact feely online and no can track us there compare to when using bitcoin in offline markets .

Febo

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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.

Merchants will chose best way for them to sell the products. Most secure, cheapest and with least problems. They will and are on the head of adoptions. Not people. Not buyers. People use it as an investment right now since it is also useful. Chinese owners of hydro plants used Bitcoin as a store of energy. Bitcoin is just so cool to have many use cases. That is why it is so valuable.

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