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Topic: Bitcoin as a mode of payment (Read 4364 times)

newbie
Activity: 162
Merit: 0
April 12, 2018, 12:57:53 AM
It's great to have bitcoin, bitcoin have a lot of uses this time. We can used bitcoin as a payment, now a day's bitcoin getting more popular and demand. We already used bitcoin as a mode of payment, trough internet transaction was made easier with bitcoin.
jr. member
Activity: 349
Merit: 2
April 12, 2018, 12:49:01 AM
Yes it's cool, but crypto have to do more work on it so that it will be easy for other people to accept it as a mode of pay because only educated and internet users alone can accept it
newbie
Activity: 74
Merit: 0
April 12, 2018, 12:44:21 AM
Bitcoin as a mode of payment will be a great idea. Already it is used in trasactions all over the world and this will make it easier and faster for payments for goods and services. This mode of payment can as well be done anywhere anytime. Lets embrace this mode of payment for quicker, safer and easier transactions.
newbie
Activity: 95
Merit: 0
April 12, 2018, 12:40:40 AM
there are now many who use bitcoin as payment but may not be widely used because not everyone uses bitcoin
newbie
Activity: 99
Merit: 0
April 12, 2018, 12:22:20 AM
Using Bitcoin as a payment option is a very cool idea, but I don't think the value of Bitcoin is comparable to the value of the item because Bitcoin's value has room to rise and items do not.
full member
Activity: 1540
Merit: 219
April 11, 2018, 12:03:16 PM
Just wondering, who is accumulating Bitcoin via using it as a method of being paid, so instead of being paid in dollars or any other amount you ask client to pay you via Bitcoin especially merchants and freelancers. I think it is cool to be paid via Bitcoin because it appreciates so its like you can earn twice if you sell high.

Bitcoin as a mode of payment is good because the price of everything you are interested to purchase will be a lot more cheaper rather than using fiat that has stable price in the market plus the tax that are being placed by the governments.
Bitcoin is a good mode of payment because when you use it at  transaction, you dont need third party, means no banks, no service fee to be deducted. When you use bitcoin as payment, your idendity is safe because your identity display will be anonymous, this is the good and bad mode of payment, because of anonymously, it was being used on bad things. It depends on the user if he/she will use bitcoin for good or bad purpose.
newbie
Activity: 122
Merit: 0
April 11, 2018, 11:53:59 AM
Bitcoin has a freedom in transfering which means you can absolutely transfer your money to anyone in this Earth as long as he has a Bitcoin wallet and that's really awesome . Even that's the way crinimals use to make the transaction.


I do not think I want to use my bitcoin to buy anything right now because I see it as an asset and I think that feeding attitude into it is not used for regular commodity trading.
For my daily work I always like that. Just started a company that works with ICO where we get paid in Bitcoin.
newbie
Activity: 4
Merit: 0
April 11, 2018, 11:51:06 AM
Yes, if a lot of merchant or businesses will accept Bitcoin as a mode of payment, then there will be more people who will try and adopt bitcoin in their everyday life. They will be curious if they see bitcoin as a mode of payment in every online transactions they are doing. Also, it will also be a good thing and hassle free for someone like me who has no credit card or anything that can be use online.
full member
Activity: 294
Merit: 107
April 11, 2018, 11:46:27 AM
I wouldn't be surprised if more freelancers than companies were accepting Bitcoin as a form of payment. One of the biggest problems is that Bitcoin is not regulated in many countries so people have problem with taxing it. There are some companies which take care of it but they later pay you in your local currency. Unfortunately many people prefer to keep their bitcoins and don't spend them because they believe that it will have much higher value in the future. Can you imagine spending for example 0.001 BTC for a coffee which could be later worth thousand dollars?
full member
Activity: 378
Merit: 100
ADAB ADAB ADAB ADAB
April 11, 2018, 11:42:17 AM
Just wondering, who is accumulating Bitcoin via using it as a method of being paid, so instead of being paid in dollars or any other amount you ask client to pay you via Bitcoin especially merchants and freelancers. I think it is cool to be paid via Bitcoin because it appreciates so its like you can earn twice if you sell high.

Bitcoin as a mode of payment is good because the price of everything you are interested to purchase will be a lot more cheaper rather than using fiat that has stable price in the market plus the tax that are being placed by the governments.
hero member
Activity: 1190
Merit: 534
April 11, 2018, 11:41:03 AM
Exactly and the core principle of Bitcoin states that it is a payment system having some more benefits as compared to that of a traditional payment system. However, Bitcoin is still in its development phase and there are some issues like high transaction time and fees. It is kind of obstacle in using Bitcoin in the offline markets, especially for the microtransactions. However, we should see Bitcoin as a payment system instead of a speculative instrument in the first place.
newbie
Activity: 91
Merit: 0
April 11, 2018, 09:59:22 AM
Just wondering, who is accumulating Bitcoin via using it as a method of being paid, so instead of being paid in dollars or any other amount you ask client to pay you via Bitcoin especially merchants and freelancers. I think it is cool to be paid via Bitcoin because it appreciates so its like you can earn twice if you sell high.
Bitcoin’s first appearance, there has been a dispute in which many argue that bitcoin is simply a new payment method rather than a currency.There is a limited, but growing amount of online vendors who accept bitcoin as payment. And if you look at it that way, bitcoin can perfectly be considered as a payment method.
member
Activity: 462
Merit: 10
April 11, 2018, 04:30:21 AM
thanks to Bitcoin Lightning Network it will be! i guess we need urgently BLW  Cool
member
Activity: 238
Merit: 10
Greentoken-invest in ecology
April 11, 2018, 04:28:26 AM
Just wondering, who is accumulating Bitcoin via using it as a method of being paid, so instead of being paid in dollars or any other amount you ask client to pay you via Bitcoin especially merchants and freelancers. I think it is cool to be paid via Bitcoin because it appreciates so its like you can earn twice if you sell high.

It is a good method of payment because it is worldwide accepted one. Likewise, it will be easier to send and receive and cash it out. It will be a benefit for the receiver but for the sender, the company or any institutions, it will be difficult. They need to cover the high amount of transaction fees and others.
newbie
Activity: 162
Merit: 0
April 11, 2018, 03:56:42 AM
This is a convenient method of payment, mainly while on the Internet, but it will soon capture the world  Smiley
sr. member
Activity: 994
Merit: 257
Best Bitcoin Casino www.coinsaga.com
April 11, 2018, 02:37:03 AM
Yes it sure is a great way to pay for someone who is far from you to pay for your online transactions,
I am using it whenever I am having an transactions with my online friends,
It is much more greater than going outside and paying it on some money remittance it is saving much more time.
newbie
Activity: 68
Merit: 0
April 11, 2018, 02:32:39 AM
Bitcoin is a really good payment.It's very profitable.A lot of people think of bitcoin as an investment and very few people regard it as a form of payment.
newbie
Activity: 68
Merit: 0
April 11, 2018, 02:31:27 AM
Bitcoin is a really good payment.It's very profitable.A lot of people think of bitcoin as an investment and very few people regard it as a form of payment.
full member
Activity: 350
Merit: 100
April 11, 2018, 02:30:22 AM
Bitcoin as a method of installment strategy you require an engineer so the installment will consequently change to fiat money. Because of poor security Bitcoin if hacked you may lose the whole wallet cash, to over come this contribute a notable processor so it can ensure against assailants. Bitcoin showcase esteem might vacillate to stay away from this change over Bitcoin to fiat money at the season of exchange . Because of secrecy Bitcoin has mixed up as illicit that a large portion of the organizations likes to maintain a strategic distance from mysterious installment benefits merchants who offer computerized items.
hero member
Activity: 2268
Merit: 789
April 11, 2018, 02:00:49 AM
Just wondering, who is accumulating Bitcoin via using it as a method of being paid, so instead of being paid in dollars or any other amount you ask client to pay you via Bitcoin especially merchants and freelancers. I think it is cool to be paid via Bitcoin because it appreciates so its like you can earn twice if you sell high.

This depends on the wallet provided you have in your country and also subject to the existing laws. Fortunately, the Philippines has a cryptocurrency wallet used by most Filipinos and there are options where you can convert your coins to various options, such as for online games, monthly utility bills, transportation fees, or through bank deposits!
The problem with bitcoin used as a payment is its slow transaction fees in the blockchain. There are also mining fees where you are obligated to buy and it may get out-of-hand when prices of bitcoins suddenly skyrocket (which what happened last year).

Bitcoin payments are not currently common, but I believe Bitcoin will accept and support more and more people in the next few years.

It will be accepted but be open to the possibility that it may also decrease depending on the prohibitions imposed world-wide. If on an international scale they prohibit the utilization of such, expect services to be eliminated slowly.
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