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Topic: Bitcoin as payment system - page 11. (Read 6050 times)
There are many online site and online byre are payment from bitcoin.Bitcoin is the most trusted currency in online.Bitcoin payment system is very easy and comfortable.All worker get there profit and payment with it very safely.Many online company use bitcoin now.Bitcoin is now powerful currency in the whole world.It is the best currency ever...
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Your ever
If it's stabilize then I'll accept is as a payment. If it moves just like a normal fiat then people will surely accept it too. But we know it's very volatile so it takes a lot of courage to accept and hope it reaches millions one day.
2018 is another year for bitcoin as many people are still coming to get bitcoin as their investment and savings for the future.
As long as there is a new addition to the community the demand of crypto will continue to grow while the supply remains at a maximum number of 21,000,000 bitcoin. this will affect the market blow as always. 2018 will have the blow and bitcoin will overpass the 20,000 USD and will hit the new milestone of 60,000USD before the year ends.
With the ever-improving technology of bitcoin, and the constant improvements the blockchain technology receives, there is no doubt that bitcoin becoming a currency is nearing. And the world of currency will forever be revolutionized when this happens. However, it is no time to rest. We still have to exert immense support for bitcoin and the blockchain technology to ensure that this will happen sooner. As long as there is a new addition to the community the demand of crypto will continue to grow while the supply remains at a maximum number of 21,000,000 bitcoin. this will affect the market blow as always. 2018 will have the blow and bitcoin will overpass the 20,000 USD and will hit the new milestone of 60,000USD before the year ends.
In my opinion Bitcoin will be used as a method of payment in the future because user do not need to register. The only thing you need is a secret number to receive bitcoin. It is much easier than other payment methods.
This question has been answered before, but to give you an idea it’s impossible to implement bitcoin as our main currency for such reasons:
- In order for a currency to be a currency, it must be accepted and viewed by the govrnment as something that is legal and has value;
- Its decentralized nature makes it difficult for the government to impose tax laws, that is why they resort to prohibitions of it being utilized;
- Its volatile nature makes it unstable on its price resulting to inflation that may potentially go out of hand; and
- A currency needs to be backed by something that has value. The value of every currency in the world depends upon the country’s gold reserves, unlike bitcoin which also has a limited number of supply
if the bitcount is to be developed, then in the future we will use it as a payment system
This is a good idea. In our country bitcoin is prohibited so you cannot use it to pay something here in our place. I am converting my coin into a real money in order to pay something. In fact, bitcoin is where I get my money and bitcoin is my source of income, it will be a lot easier to have a transaction if bitcoin was allowed to be a payment system. It would be more convenient and more efficient. However, I guess one of the reason why bitcoin isn't allowed to be the payment system here and some countries because btc is volatile and its value varies from time to time.
It's really time for bitcoin to act as a means of payment acceptable to all parties but until now still not many places that receive payment using bitcoin.dan this should be done fast Wink
We all know that Bitcoin is one of the best ways to invest your money. However, we know that Satoshi wanted to change money as we know it rather than new investment model.
How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?
And how do you see it's future?
How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?
And how do you see it's future?
Bitcoin will be the digital currency to make payments on certain things.
However, I do not think to make all the payments.
Because some do not approve the use of bitcoin.
It's good that there are countries already that accept bitcoin as a payment because the charge that is putted there is not big however i think that the there are countries that won't agree the idea of using bitcoin as a payment system. So as long as there are countries that disagree with this idea bitcoin will stay as it is. Aside from that, people will choose to hold their coins instead of using it as their payment. In its current state bitcoin is completely unsuitable for everyday payments. The capacity is low, transactions are slow and fees are very high. Waiting for half an hour and paying $5 commission to buy a cup of coffee or even an online game. I have my credit card, thank you. And I prefer to consider bitcoin as an investment. A sort of 'digital gold', much more convenient that gold bullion, however.
Bitcoin is better as an online payment system because it exist only in the virtual world and many merchants have started to accept the cryptocurrency as one of their payment system. As a payment system, bitcoin is a borderless currency and can be use worldwide without a fear of being check by any government and the banks because of its decentralized system.
We all know that Bitcoin is one of the best ways to invest your money. However, we know that Satoshi wanted to change money as we know it rather than new investment model.
How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?
And how do you see it's future?
We can use bitcoin for mode of payment and receiving system we can use it for more faster transactions in any field of transactions it makes more everything more faster How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?
And how do you see it's future?
The volatility nature of Bitcoin will always make people not making it as payment gateway...
Volatility is not the real issue. If you are afraid of the volatility, then you can use a third party payment processor such as Coinbase or Bitpay. The real issue is the transaction fee. It should be stable and not very high.
The first reason why bitcoin is created is to give people back the freedom to manage their own money and could send it to anyone any where in the world without the middle man. It is fast, secure and low cost makes people wanna use bitcoin as payment system.
We all know that Bitcoin is one of the best ways to invest your money. However, we know that Satoshi wanted to change money as we know it rather than new investment model.
How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?
And how do you see it's future?
if it will be a legitimate payment instrument in our country I am not sure because until now the government has not been able to legalize, but as long as Btc becomes a profitable investment and can change our future better I think not so problem and we live alone.How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?
And how do you see it's future?
For now I think payment system is only temporary but in the near future it will be on the top as a paying methods. This is the new era of cryptocurrency and bitcoin wouldn't be alone on this way.
The volatility nature of Bitcoin will always make people not making it as payment gateway...
Bitcoin is still minimum when going maximally like gold then it will be the real ruler of world economy as currency. This will happen in the next few years as Bitcoin increases and spreads like a virus. So, have to Hold Bitcoin or exchange bitcoin at the end.
The high fee was one of the main drawbacks in using Bitcoin as a payment system. But it has come down over the past few months. I checked the last block which was mined (Block #517166). It contained a few transactions, which paid as low as 0.6 Sat/Byte as the transaction fee.
for me bitcoin still be asset. but if some country accept cryptocurrent, im sure they will make new virtual money for their country itself. and it will use to transaction like regular money.
system of bitcoin is really great if use for our life. no secret and everybody can see it. but it must have good regulation to manage it.
system of bitcoin is really great if use for our life. no secret and everybody can see it. but it must have good regulation to manage it.
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