Bitcoin as a mode of payment - page 12.

Mr.Anonymous

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Quote from: mrayazgul on March 10, 2018, 11:51:38 AM

Quote from: mashort on November 08, 2017, 03:59:06 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 good only for bitcoin lovers what about those who don't have a single knowledge about bitcoin. For me its a highly risky way to get payments since it has no fix value what will happen if you get paid and after few moment bitcoin's price decrease. We should not always depend on bitcoins. I am still shocked the price of bitcoin is dumping and my clients want payment in bitcoins.

I am not surprise when price of Bitcoin decrease and many also thought Bitcoin is bad asset for investing, trading, etc. The opinion of almost users are always stronger than the thinking of some users like me and you.

mrayazgul

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Quote from: mashort on November 08, 2017, 03:59:06 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 good only for bitcoin lovers what about those who don't have a single knowledge about bitcoin. For me its a highly risky way to get payments since it has no fix value what will happen if you get paid and after few moment bitcoin's price decrease. We should not always depend on bitcoins. I am still shocked the price of bitcoin is dumping and my clients want payment in bitcoins.

jhongzjhong

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Quote from: liivii on March 09, 2018, 10:52:22 AM

Quote from: JoshMart on March 09, 2018, 10:42:28 AM

That is great to hear that there are some employers who are providing payment or salaries by Bitcoin, yes it is giving another chance to have the value increase if you sell it on a higher price. But so far here from where I come from, no one is providing payment or salary in Bitcoin, maybe and hopefully soon. I would love to get Bitcoin as my salary.

Bitcoin is still developing so only some countries have bitcoin as one of their mode of payments, we just need to give time for bitcoin to have a stable system so that many more countries will adopt it to their systems. So for now just do your work and eventually bitcoin will gradually spread all over the world for us to easily send money to our love ones without paying large amount of taxes and also to have more chance of getting a better future by earning money here in bitcoin in different ways.

I feel that is too close to bitcoin have a fast and reliable transaction and this the best in doing the transaction via blockchain technology.
There are some countries now using bitcoin as a mode of payment to their family. So the developer maybe knows finding a good way to transact fast transaction, then I heard there is a prof that know everything.

liivii

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Quote from: JoshMart on March 09, 2018, 10:42:28 AM

That is great to hear that there are some employers who are providing payment or salaries by Bitcoin, yes it is giving another chance to have the value increase if you sell it on a higher price. But so far here from where I come from, no one is providing payment or salary in Bitcoin, maybe and hopefully soon. I would love to get Bitcoin as my salary.

Bitcoin is still developing so only some countries have bitcoin as one of their mode of payments, we just need to give time for bitcoin to have a stable system so that many more countries will adopt it to their systems. So for now just do your work and eventually bitcoin will gradually spread all over the world for us to easily send money to our love ones without paying large amount of taxes and also to have more chance of getting a better future by earning money here in bitcoin in different ways.

JoshMart

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That is great to hear that there are some employers who are providing payment or salaries by Bitcoin, yes it is giving another chance to have the value increase if you sell it on a higher price. But so far here from where I come from, no one is providing payment or salary in Bitcoin, maybe and hopefully soon. I would love to get Bitcoin as my salary.

wareen

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Quote from: Argoo on February 24, 2018, 03:05:27 AM

Bitcoin is not yet fully capable of performing the function of a payment facility due to its shortcomings with low scalability and still high commission fees. First he needs to eliminate these shortcomings.

Yes, the capaticity of Bitcoin network is not enough for the user of a country. Example only all Japanese people will use Bitcoin like the primary payment method to replace FIAT. I am sure just only this country will enough to make the transaction fees of Bitcoin "go to the moon" and take so long time to get confirmation.

mrayazgul

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In order to send bitcoin you have to earn it or gain it. Since bitcoin is a risky business and you can lose everything on it so maybe its hard for company and for Employer to pay you in bitcoins. How they gain bitcoin, where to earn , If you're really want bitcoin as payment method i suggest you to exchange your salary income with bitcoin by buying it from local exchanges.

ASICHEAD

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Quote from: megalith07 on February 24, 2018, 02:52:04 AM

Quote from: LeveldKrypto on January 24, 2018, 02:36:24 PM

I believe the fees is a challenge for btc. For me its best suited as an asset like gold.

I think it is a smart thought to utilize BTC as a mode of payment because it will be easier in the event that you could access BTC that way. Paying utilizing BTC means not withdrawing it. With simply a few ticks you will have the capacity to transfer payment to the retailer of the item you purchased. It will also make BTC all the more fascinating and compelling.

It seems you do not have much experiences to using Bitcoin for payment. You have to know the transaction of Bitcoin can refunds to sender if that sender know the method to create double spending - a bug to help the sender get again amount sended to others. And if receiver want to avoid this problem, receiver can just wait few confirmations to guarantee that amount received. And it usually takes few hours for few confirmations Tongue

Argoo

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Bitcoin is not yet fully capable of performing the function of a payment facility due to its shortcomings with low scalability and still high commission fees. First he needs to eliminate these shortcomings.

megalith07

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Quote from: LeveldKrypto on January 24, 2018, 02:36:24 PM

I believe the fees is a challenge for btc. For me its best suited as an asset like gold.

I think it is a smart thought to utilize BTC as a mode of payment because it will be easier in the event that you could access BTC that way. Paying utilizing BTC means not withdrawing it. With simply a few ticks you will have the capacity to transfer payment to the retailer of the item you purchased. It will also make BTC all the more fascinating and compelling.

Amajaa

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Quote from: mashort on November 08, 2017, 03:59:06 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.

Thats something i loved to look forward to, using bitcoin as mode of payment is another convinient way to spend money with just one click away.. But for now its quite complicated for some circumstnces.

drew314

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Using bitcoin as a mode of payment is good but if it continues with the current amount of transaction fee, many people will stop using it and choose the other mode of payment. The current transaction fee is for those big transaction. Everyone wants an easy transaction but not with high transaction fees.

miang

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At present I still store them in my wallet. I think the use of it is too costly, instead, we can still use cash or credit. Because the value of Bitcoin is currently high and I think it will increase in the future. Or have any unit smaller than Bitcoin many times to help us easily pay for example

Harrisonimo

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Well, alit of online businesses have started incorporating bitcoins as means of payment and starting with amazon. We have some universities abroad too. As much as it is accumulated, I believe it can be traded when needed later.

senin

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Bitcoin will then be considered as a good payment method when it will have fast and cheap transactions. While it can not fully perform the function of payment means, because it does not have such properties. While bitcoin can be used to pay for expensive goods and services, when the time of transactions does not have such a significant value.

maaydin

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Imagine you are a worker and get paid by btc last December when it was 20k in correspondence with your wage and now it deceased to 10k that made you lose 50% of your wage. So it is not a very healthy way for workers I think.

jhonnydeep87

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In my opinion, if it continues to have the same amount of charges for a long time then many people will stop using it as this will become unusable or useless at all. Cool

Sweetbtc

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Quote from: mashort on November 08, 2017, 03:59:06 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.

Payment with bitcoin is good fast and secure. But people may afraid from its transaction fee which is increase with the growth of bitcoin's price. I am a freelancer and always ask my clients to pay me with bitcoins most of them refused due to its fee. So maybe we should focus on the transaction fee. If this problem solved then i believe people start paying with bitcoins.

ParveZ219

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Quote from: mashort on November 08, 2017, 03:59:06 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.

Yes these days because they used as a mode of payment but these are mostly used by the dark web users or the illegal uses.. sing the news from the past days we can see that the crimes are mostly done by the because as these are anonymous and fast also.. yes because become popular in all the areas so they can accept payment of Bitcoin without any tension.. I'm not giving stress on these words that these are only used in the crimes but these are also used for legal works as I use it for daily shopping and all the things. I just give a example where Bitcoins can be used mostly in case of crime.

shieva22

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Yes its good bitcoin to be mode of payment. Bitcoin are many purposes. It can use like paying electricity and water bills, buying product in an online store.

Topic: Bitcoin as a mode of payment - page 12. (Read 4364 times)