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Topic: Bitcoin as payment system - page 40. (Read 6088 times)

full member
Activity: 376
Merit: 100
Bcnex - The Ultimate Blockchain Trading Platform
January 12, 2018, 11:52:49 AM


bitcoin is not a bloat that you say. the future of bitcoin is still visible and still can benefit. but at the end of this, there are many complaints about the huge transaction costs and the slow transactions. I do not really know why the system can be like this.
full member
Activity: 966
Merit: 104
January 12, 2018, 11:44:05 AM
Now bitcoin as a payment system is not at all suitable for practical use. His transactions are hanging by hundreds of thousands, the commission fee is too high and on average now stands at about $ 40. At this time, there are a lot of digital coins, transactions that take place in just a few seconds, and the commission fee is purely symbolic.
      If bitcoin solves these problems, then it will be possible to consider it as a possible payment system.
sr. member
Activity: 590
Merit: 258
January 12, 2018, 11:39:52 AM
It is good since it will make the life of the people easy and way better than before. With bitcoin I can pay my bills without falling into a line.
Therefore I can save more time and money with this. In just one touch I am now no worry about to pay the bills since bitcoin is there to serve us.
sr. member
Activity: 588
Merit: 251
January 12, 2018, 11:28:15 AM
Bitcoin as the payment system may be nice, because by so we can make a payment whenever and wherever, as lazy out of the house, we can make a payment at home with just sitting in front of computer
hero member
Activity: 896
Merit: 500
January 12, 2018, 11:25:09 AM
This is good news for all of us, the presence of bitcoin makes the payment system better, easier and cheaper when compared to the payment system banks, western union or others.
newbie
Activity: 266
Merit: 0
January 12, 2018, 11:22:55 AM

In the whole world you can already buy something for bitcoin. In the future, I think you can buy any thing.
full member
Activity: 322
Merit: 101
Aim High! Bow Low!
January 12, 2018, 11:19:10 AM
For our Country its still far from accepting BTC as means of payment in the markt or businesses, they are still relying on fiat money because it is easier to use and you can hold on to it. Using BTC as means of transaction is good, because of security and and reliable transaction also in buy and sell. I think it will blow up someday but it is still far from blowing up, and by the time it blows up another currency will emerge to replace it.
hero member
Activity: 1134
Merit: 517
January 12, 2018, 11:02:42 AM
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?  Undecided
And how do you see it's future?
Bitcoin was originally invented as a digital currency to change the traditional fiat currency for good, but due to the bitcoin limited supply and high demand, the people started hodling bitcoins as a digital store of value, as an investment. The demand of bitcoin is higher than the supply which is only 16.7 million bitcoins in circulation worldwide. that is why the bitcoin price will continue to grow in the future.
The limited supply and high demand for  Bitcoin is a good thing happened to Bitcoin both as a payment system as well as a store of value,3 because they have provided a platform for the awareness and value of Bitcoin to thrive to where we're presently. The reason behind the volatility of Bitcoin is because we're still having lot of speculators in the system than core users and by the time we would get to that point, Bitcoin would have become well capitalized and stability is sure to follow. The high cost and delays in Bitcoin transactions are in the passing and not unheard of from previous land breaking discoveries and this too would come to pass especially as it's viewed with great concern in the community.
full member
Activity: 455
Merit: 106
January 12, 2018, 10:44:29 AM
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?  Undecided

And how do you see it's future?


Maybe it's more convenient to us that bitcoin is for all electronics payments.This is more easier to use to any payments transaction.And no need to go to money changer.l think this is more easy  because you can just pay or buy anytime you want.


True, in addition you can gain more if you hold btc and the price rises. As a mode of payment, one can be sure that it is safe to transact because no mode of transportation is use specially if the transaction is all about large amount of money. In my country we can pay bills through some application that holds btc and our fiat. So, it is easy for us to pay large bills even if we are at our home.  
hero member
Activity: 1764
Merit: 589
January 12, 2018, 10:43:44 AM
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 tohold their coins instead of using it as their payment.
Bitcoin decentralization could be the number one factor for most of the countries to do not to accept bitcoin in terms of transactions. It means no form of government or institution have the rights to have a part to check on bitcoin transactions, people identity and transactions purposes. Simply bitcoin could be used in illegal matter which the government not want to happen on a specific nation.
sr. member
Activity: 700
Merit: 250
January 12, 2018, 10:38:10 AM
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?  Undecided

And how do you see it's future?


Maybe it's more convenient to us that bitcoin is for all electronics payments.This is more easier to use to any payments transaction.And no need to go to money changer.l think this is more easy  because you can just pay or buy anytime you want.

with the current bitcoin is true, the transaction is easier and smoother, it does not take a long time and complicated too, so now with the bitcoin is getting smoother and not complicated in our life.
newbie
Activity: 177
Merit: 0
January 12, 2018, 10:21:12 AM
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?  Undecided

And how do you see it's future?


Maybe it's more convenient to us that bitcoin is for all electronics payments.This is more easier to use to any payments transaction.And no need to go to money changer.l think this is more easy  because you can just pay or buy anytime you want.
full member
Activity: 162
Merit: 100
January 12, 2018, 10:19:47 AM
we will keep asking, what will happen next. yes I guess the worries are very normal, sometimes I ask questions like you. but basically we will never know what will happen. but one thing I still believe to date. bitcoin still gives many advantages to those of us who are involved in bitcoin.
I guess you're right we never know what might happen but with our technology being more and more advanced each year it is not impossible to reach a certain point where in the money where using in our daily lives is digital money. A lot of people believes that in the future every people will be coping with the advancements of technologies.
legendary
Activity: 1148
Merit: 1006
January 12, 2018, 10:15:12 AM
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?  Undecided

And how do you see it's future?


actually bitcoin has a function for investment and payment media, but in my country bitcoin has not been allowed to be used as payment media so i can just keep it as my personal assets.
Except for few countries, the bitcoin is illegal in all countries. Once it becomes legal, then your dream will come true. But to make Bitcoin as a payment system, it needs to improve a lot. I don't think it will take a short time it may take a couple of years.
hero member
Activity: 812
Merit: 500
January 12, 2018, 10:10:59 AM
Its a big revolution of payment system,Current era payment system is too risky any single digit changed  your money can be transferred to stranger account,You can not carry cash if your business point at remote area.But the Bitcoin make it more easier you can make globally safe transaction effective and efficient way.In near future Bitcoin payment acceptance will be common because it usage and popularity increases day by day.
newbie
Activity: 17
Merit: 0
January 12, 2018, 10:03:32 AM
So many other cryptos are far ahead of bitcoin in terms of speed and transaction cost.  It's tough to see bitcoin catching up. I still see bitcoin as gold... something people keep cuz its solid and well-known.  Not going to use it to buy a big mac though.

 
full member
Activity: 815
Merit: 101
January 12, 2018, 09:52:02 AM
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?  Undecided

And how do you see it's future?

This is a good idea but this is not ideal to implement in many country without enough source of energy, i think we can create a physical bitcoin to use and presented if somethings happen to online currency.

Bitcoin as payment system offers a no cash-out which brings a lot of convinience and security for all bitcoin users. You could save your time and energy in your transactions.
It is a great opportunity for the bitcoin that it could be used as a payment system of course but also a much great opportunity to the people who are having bitcoin in their own because it is a less hassle and less effort for them to go through a pawnshop to send their payment while in bitcoin they only send it through their wallets with the use of internet.
with sophistication and technological advances it seems that we can make bitcoin as an effective payment. we can see if the payment with cryptocurrency is very efficient and very good for now.
full member
Activity: 461
Merit: 101
January 12, 2018, 09:48:07 AM
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?  Undecided

And how do you see it's future?

This is a good idea but this is not ideal to implement in many country without enough source of energy, i think we can create a physical bitcoin to use and presented if somethings happen to online currency.

Bitcoin as payment system offers a no cash-out which brings a lot of convinience and security for all bitcoin users. You could save your time and energy in your transactions.
It is a great opportunity for the bitcoin that it could be used as a payment system of course but also a much great opportunity to the people who are having bitcoin in their own because it is a less hassle and less effort for them to go through a pawnshop to send their payment while in bitcoin they only send it through their wallets with the use of internet.
full member
Activity: 420
Merit: 100
Harmony for One and All
January 12, 2018, 09:45:32 AM
Really Bitcoin has a good potential to reach as a payment method in future, once it is fully equipped and developed for normal usage like cash, then bitcoin will be valued more than $ 5 million.
full member
Activity: 392
Merit: 100
January 12, 2018, 09:40:40 AM
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?  Undecided

And how do you see it's future?


actually bitcoin has a function for investment and payment media, but in my country bitcoin has not been allowed to be used as payment media so i can just keep it as my personal assets.
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