Topic: Bitcoin as payment system - page 38. (Read 6073 times)
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.
Bitcoin as a payment system is not feasible at the moment - too high the fees and too volatile the currency. I guess we will have other cryptocurrencies in the future as payment systems. Bitcoin is now only a store of value.
Honestly the gating factor of using Bitcoin at merchants is processing time, if this could ever be solved I think merchants would gladly tap into the $200 billion of available BTC spending volume out there right now.
Bitcoin as a payment system is not feasible at the moment - too high the fees and too volatile the currency. I guess we will have other cryptocurrencies in the future as payment systems. Bitcoin is now only a store of value.
BTC as investment model is a bubble. BTC is not making any profit like corporate nor it gives you dividend/reward so It is vague investment tool. As an alternative to payment mode, It gain got failed because of high transaction fees and long confirmation hours.
In investing there is certainly a chance to lose money, and we should be realistic not to get too hopeless on bitcoin, putting money on some type of investment is better than focusing 100% on bitcoin.
Now for payment, bitcoin and eth I think it is too expensive for payment fee, and user still not satisfaction for their transfor speed. I think this two main coin need to do something to promote of this two action, if not one day one can of coin will replace of them as possible.
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?
This is what i been waiting for a long time. Bitcoin be used as a payment but before that we will request that some establishments will accept bitcoin as a payment. 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?
That was the original idea and the believe that bitcoins will replace normal payment system in big stores online and other services. But miners fees and network congestion has defeated that aim and I think it will be very hard for bitcoins to achieve that aim of becoming the ideal payment system.
BTC as investment model is a bubble. BTC is not making any profit like corporate nor it gives you dividend/reward so It is vague investment tool. As an alternative to payment mode, It gain got failed because of high transaction fees and long confirmation hours.
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?
Thats right BTC was originally taken as alternative payment mode but now it is taken as a investment tool which make it a bubble.
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 what can happen in bitcoin in the future can be succesful because more and more peolple are starting to use and invest to it so its need to be develop. Not only that, bitcoin can also be used in paying some money or any transactions involving money and bitcoin. We just need to believe and work hard in bitcoin so that we can earn a decent amount of it. 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?
Goodday,i honestly suggest the use of bitcoin as a payment system should be employed beacause looking at it,its a more civilized and systematic approach where transactions are made in a more safe way(no physical cash)and again there wouldn’t be aby record of robberies such as physical robbery like where you are having a cash at hand which is to be used as a payment for a transaction which is can be attached with so many risks which may include theft and even loosing the money if not preserved well,so I sincerely suggest bitcoin should be used as a means of payment as it will even go further better by easygoing and bettering the lives of many.Cheers
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?
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?
One thing is for sure that if we don't use it as a transaction system and think of it merely as an investment then it will surely become a bubble. Because it will be an investment without any underlying idea. Moreover the problem is that it isn't even practical to use it as a currency. It has such a huge transaction fees and times. This makes me look as if this is surely a bubble. 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?
aren't we already using bitcoin as a payment system?
Wel!, bitcoin now focusing on being profitable by its way, what I mean is even though bitcoin delayed for each transaction but the price was rapidly going high.
Bitcoin using payment system I think it take more improvement to do some transaction in bitcoin. But still bitcoin now is good to invest and more profitable for the future.
Bitcoin using payment system I think it take more improvement to do some transaction in bitcoin. But still bitcoin now is good to invest and more profitable for the future.
if all countries use bitcoin as a means of payment, because the cost is cheap enough not too big and gambang used this idea using bitcoin as payment system. indeed there are still countries that have not agreed with bitcoin as a valid payment tool. but I am quite glad of this idea as all will be heading for big changes to welcome the new era of bitcoin as a transaction tool.
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?
Now bitcoin is not payment system, because of VERY big fees and low bandwidth (only 7 TX/sec, VISA has 40.000+). But! Lightning + Altcoins = future of payment
Bitcoin is not yet sufficiently adapted as a payment system, due to very high commissions. Only for very large transactions. Now in this respect. Litecoin is very convenient. Especially in February, Litecoin will have its own payment system.
Well, I agree, just hoping that time will come when transaction will lower to the current cost right now, at some point some of the people are already using it as their way to pay their bills but due to the fee it is hard now to make this for payment, in fact most of us were just doing this as form of investment. 
Bitcoin is not yet sufficiently adapted as a payment system, due to very high commissions. Only for very large transactions. Now in this respect. Litecoin is very convenient. Especially in February, Litecoin will have its own payment system.
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