Although there is a lot of controversy about accepting bitcoin as a currency, bitcoin is a product of development, many people do not trust it because it is in development.The fluctuations in bitcoin prices are huge, which makes many investors panic
Many governments think that bitcoin as a tool for money laundering so they have banned people from entering the bitcoin market.
However, some countries have recognized the positive side of bitcoin, typically Japan, which has accepted bitcoin as a legal currency.
I believe that, gradually many countries will accept bitcoin and it will become the payment system
Topic: Bitcoin as payment system - page 13. (Read 6050 times)
Bitcoin can only work properly as a payment system if the transaction fees are lower. Otherwise bitcoin becomes unusable for payment as was seen in the recent rally. But if lightning becomes a success than I think bitcoin can work well as a payment system.
In my opinion, it's good idea to use bitcoin as a payment sistem. It's usefull to buy goods using bitcoin without exchenge to real money, especially if you travel.
I think bitcoin is a new breakthrough for investing our money and is also used for legitimate payment systems, but some countries are worried about bitcoin with a security system that can not be held for guarantees if a bit of bitcoin erupts itself and causes considerable inflation.
I hope the experts out there can solve the way out for the bitcoin is accepted worldwide.
I hope the experts out there can solve the way out for the bitcoin is accepted worldwide.
I see and use Bitcoin as a valuable storage place and it has become a dream for investors because its volatility is primarily predicted to rise, gaining so much over any kind. It only acts as a source of investment, but as a payment system, Bitcoin is still very shortcoming and there are core issues that are blocking its development in the way. this direction. Bitcoin's scalability is being hampered because it's too slow and expensive compared to other common payment processing platforms.
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.
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.
useless predictions posts like this is what tricks new comers into thinking that Bitcoin has nowhere else to go but up. When in reality, Bitcoin faces issues internally(scaling) and externally (regulation,bans,etc). Nothing is certain until these issues are cleared up.
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?
At this time some of country use bitcoin as payment to some store so I think it will more in the future that they accept bitcoin as a payment. Because it's a big help to us if use bitcoin as a payment our daily life will be easy it comes to purchase anything. 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 name of the payment system is derived from the English word "coin", which in translation means a coin. So - the electronic payment system Bitcoin assumes the use of digital currency units, which are better known under the name of the crypto currency. This type of payments are actively used when buying a variety of goods in online stores, as well as those places of sales, where bitcoins are in circulation. There are also special exchange points in which Bitcoin is converted, turning into a user-friendly currency. The Bitcoin payment system is distinguished by the absence of any governing body, which makes it possible to classify it as a decentralized payment system.
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.
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.
This question shouldn't be asked, just by random look on this forum anyone can see how many people complain on transaction fees. If fees continue to grow bitcoin can't be used for everyday payments, I can't imagine that with current fees. I think that everyone is aware of existing troubles with sending bitcoins, maybe the worst of all isbthat we don't even known when this can be solved, will it last for a month or a year more, nobody have a clue we all just guessing, same newspaper do I think.
maybe someday it can happen, because the digital currency can we think of as a development of the times, although in my country have not legalized bitcoin but I think it can happen
Bitcoin is not a bubble even with its high price fluctuations.Only a tiny fraction of the world population currently use bitcoin.Bitcoin needs to have a wider adoption to be fully functional as an effective payment system.Wider adoption will remove the high fluctuation in price and tendency of a bubble-like behaviour
Yes but there is nothing to bridge the gap right now... There must be price stability first before people will ever adopt in mass numbers. Even if the entire world would adopt Bitcoin it would still be deflationary in nature due to the increase in population. Incentives>Beliefs
It is possible that the bitcoin can become a means of payment after replacing outdated fiat money in several years, people can choose to pay them by bitcoin or their credit card. The work has been going on for a long time in this direction, now the commission for shipping bitcoin is only a few cents.
Actually Bitcoin is created to become a payment gateway like Paypal, or Paymaya. The only thing that makes BTC pump in price is people are holding it like a stock or an asset.
Yes, and with bitcoin as a payment system, and expected fast and affordable transaction across borders. But the only problem with it is that there are countries that ban cryptocurrencies. Secondly, we know that bitcoin needs to to be online in order to make a single transaction.
Bitcoin as a means of payment can make a serious competition to the usual payment systems.
Bitcoin was originally invented as an electronic currency to change how people use and handle money, but do it limited supply people started buying it as an asset just like gold
They buy because they believe on the potential of bitcoin, it's not the supply actually but the usefulness of this technology.If those who have invested early had cash out, I am sure there is a major dump but what we are seeing is a growing market because they hold like us.
The arguments that sellers will not accept Bitcoin because of its volatility are also wrong. Bitcoin itself can be used as a payment system; Sellers do not need to store bitcoins or be exposed to their volatility. Any consumer or seller can at any time sell and buy bitcoins and other currencies.
I think payment system via BTC very bad
Too hight fee and very slow to confirm transaction
I suggest XLM become a new payment system
It very quickly and low fee
If you not yet use it,I think you have to try it and feel
Too hight fee and very slow to confirm transaction
I suggest XLM become a new payment system
It very quickly and low fee
If you not yet use it,I think you have to try it and feel
not all times the payment via btc is bad because you know it is also dependable and the fees or confirmation time will always depend on the price of bitcoin. if the current price of btc is low or in a dip phase then the transaction fees are probably low or cheaper than usuall but if the current price of btc is high or above ath , you better expect a high and expensive transaction fee. Confirmation time will depend on how crowded or traffic the mempool are.
xlm is i think a bad medium to use because xlm needs a different wallet not unlike to btc that its verry easy to use and supports almost any wallets out there.
Bitcoin was originally invented as an electronic currency to change how people use and handle money, but do it limited supply people started buying it as an asset just like gold
This is good news for us. Bitcoin as the payment system may be nice. It is a better payment system than credit cards. From its features it is almost an ideal payment method.
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