Bitcoin can’t be used as payment system because price of bitcoin keep rising fast.
if you have 1 bitcoin it’s better to save it more than used for daily payment.
Topic: Bitcoin as payment system - page 37. (Read 6088 times)
I think the first agenda why it is created is to do a transaction easily by using bitcoin, cryptocurrency such as bitcoin is somehow needed yo be a means of exchanging internationally because fiat will get into a hard process to do that. Now many institution are accepting bitcoin as a payment and others are banning it.
yes the bitcoin can be used as an payment system it is very useful if we make the bitcoin as payment system the paper currency will reduce
Bitcoin is never a bubble that will bust one day bitcoin is an online payment system decentralized in other not to be control by any individual or government and has a value in the exchange market, double as an assets an investment platform and a peer to peer payment system. Bitcoin has a great future before the next two years bitcoin will rise up to $100000 and the world will accept bitcoin as a secondary currency and a great investment to hold.
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?
I think that bitcoin will soon become a payment system. in parallel with Fiat it will go on for a long time until people learn to use it. And maybe the truth is that no one knows. 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 has come far in a relatively short time. All over the world, companies, from REEDS Jewelers, a large jewelry chain in the US, to a private hospital in Warsaw, Poland, accept its currency. Billion dollar businesses such as Dell, Expedia, PayPal, and Microsoft do, too. Websites promote it, publications such as Bitcoin Magazine publish its news, forums discuss cryptocurrency and trade its coins. It has its application programming interface (API), price index, and exchange rate. Problems include thieves hacking accounts, high volatility, and transaction delays.
Actually BTC is not suitable for payment process because the price of the BTC is really high and if someone want to pay $10 by BTC then it will be more difficult. So my answer is no for that.
Bitcoin as payment system, i think it will totally work if we have good internet connection in our country. It helps a lot most especially to those who have full time and part time job. They can easily do the transactions because it is hassle free.
It will only work when it becomes more fasten
It was fast enough, you should compare it with bank transferring money or remittance service bitcoin still faster and the fee still lower. Remittance service will charge you up to 6% of money transferred. Amd also there is a limitation on amount that may sent. Bitcoin was originally created to help people take control of their money instead of banks that trend to control and steal from the masses.
It's obvious now, that bitcoin turns out to the most profitable way of investment, that is because the importance of bitcoin is more than as it was expected.
It's obvious now, that bitcoin turns out to the most profitable way of investment, that is because the importance of bitcoin is more than as it was expected.
Even though it is being used as an investment opportunity predominantly now, bitcoin is still a great way of making payments(especially huge transactions) than many fiat currencies because it is truly international and is able to go every length of the earth without restrictions and government censorships.
Well, since some online shops are using this method as the payment option, I don't see it declining in the future. Besides, virtual money is more efficient than the tangible cash.
It will only work when it becomes more fasten
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?
Well, bitcoin is not doing that well as a payment system, we all know the fees are very high, this is going to be solved eventually but we do not know when I just hope that the interest in bitcoin is still high when that happens or we may miss the opportunity to get more people to invest in bitcoin.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 is a medium that can be used in transactions to make the job easier without making an effort too much because it will only need few clicks in order to process the transaction using your laptop or smartphone. However, I don't want to ignore the fact that it will cost you too much because of transaction fees because bitcoin is very expensive when it comes in this process. If only the government will allow the bitcoin and can be used in payment in some store and institution then the fee will be less.
I think it will be a good thing if bitcoin will be used as a payment system because it can help every bitcoin users to make payment in their miscellaneous fees or transaction easy.I hope that it will happen as soon as possible.
Bitcoin is a good idea as a payment system and I love it. Now a days transaction like buying, selling, paying and trading is commonly used of people because it is hassle free. For me this is a huge opportunity because I have work and bitcoin is a blessing to each and everyone. We can do transaction at the same time by bitcoin. Many people will do bitcoin because their are a lot of advantages and helps them in times of needs.
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?
The general acceptance of bitcoin is the biggest hindrance why as of now bitcoin can not be be used as means of payment. If only majority of population and business institutions around the world would adopt bitcoin then we can say that it has served its purpose. 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?
Not at this time. With current transaction fees, I don't want to use bitcoin as a payment option. It would cost you a lot just by sending a small amount, so I guess bitcoin as payment is not good right now.
I think bitcoin is already in the spotlight as medium for online payment of goods and services. It is only a matter of time where bitcoin will be used worldwide as replacement of fiat, that is, when disadvantages of bitcoin can be addressed soon.
although like that but now it is less suitable because the cost of shipping is expensive and to confirm the transaction also takes no time. this is less suitable for payment instruments
I do not think bitcoin will become a popular payment method. You see that its current value is quite high. It would be unreasonable to use it to pay small payments. And bitcoin transactions are a bit slow, only suitable for large payments
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