Bitcoin as payment system - page 43.

gabmen

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Quote from: cybersofts on January 04, 2018, 10:09:59 AM

Quote from: Creepings on December 04, 2017, 06:13:35 AM

Quote from: aleksandra_kickcity on December 04, 2017, 05:34:43 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?

I think there are a lot of work need for bitcoin to be a good payment system and the most top on the list is stability which I think this time around is impossible. A lot of people are making their way into bitcoin so the price is still pumping quickly, if the price can't be controlled, it will always go rampant as usual making it a good asset not a payment.

I think the future of bitcoin is so hard to predict because as it's volatility, it can reached new heights that we will never know, and I think the more it pumps and dumps, the more it is going away from being a currency used in payment, but still there are some that accepts bitcoin as payment.

Bitcoin is still new technology that is why a lot of people still treat bitcoin as an investment. there would be a time when people will stop holding bitcoins and start using it as what it was originally designed for, which a payment system.

Well probably one thing for this to come to fruition is for btc to be fully accepted and be under government regulations. There are certain security issues that needs to be addressed due to btc's anonymity and people would have more.confidence if these are looked into

wulck

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I dont think that bitcoin will be the main payment system...ohter has more positive aspects (faster cheaper) to get the main paymentsystem...

dbijoy

jr. member

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Bitcoin is a one of them payment system of money.btc and sattoshi is better payment surch extremly.there are many countries buy bitcoin tether than gave payment so many money.but Bangladesh is not capabol of bitcoin money.other countries get up bitcoin and give lots of money.I sure btc payment system is available now.

cybersofts

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Activity: 658

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Quote from: Creepings on December 04, 2017, 06:13:35 AM

Quote from: aleksandra_kickcity on December 04, 2017, 05:34:43 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?

I think there are a lot of work need for bitcoin to be a good payment system and the most top on the list is stability which I think this time around is impossible. A lot of people are making their way into bitcoin so the price is still pumping quickly, if the price can't be controlled, it will always go rampant as usual making it a good asset not a payment.

I think the future of bitcoin is so hard to predict because as it's volatility, it can reached new heights that we will never know, and I think the more it pumps and dumps, the more it is going away from being a currency used in payment, but still there are some that accepts bitcoin as payment.

Bitcoin is still new technology that is why a lot of people still treat bitcoin as an investment. there would be a time when people will stop holding bitcoins and start using it as what it was originally designed for, which a payment system.

candy27

member

Activity: 104

Merit: 13

Quote from: randal9 on January 04, 2018, 08:27:54 AM

If the cost of fees decreases and the transaction time is settled, then it will be a wonderful payment system...there are so many advantages

The fees are not going to drop though, are they.

The last chance for bitcoin was segwit2x. The community refused to let it happen, and now bitcoin will never scale.

UnusualMouse

newbie

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I don't think it is a good idea right now to use bitcoin as your payment method. Transaction fees are very high and confirmation process is very slow, better to have alts for payment purposes.

JacLuck

member

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Bitcoin|||Altscoin

Now that the transaction fee is huge i found it not good for business not unless it is big but to think the time Bitcois will arrive in your wallet its a huge waste of productivity, we must improve now the transaction problem,
Bitcoin as a payment system must improve for the future of it

Kezio

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We cannot deny the fact that one the intentions behind the creation of Bitcoin was to be able to use it as payment for different services. I am quite certain that once the mempool drains, Bitcoin will reach a stable price and will be forced into circulation. Until then, even if there are some exceptions, people will be holding their coins and thus preventing this from happening due to little to no circulation.

lifetimebitcoins

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Bitcoin as payment system is really difficult to success the reason is bitcoin price volatility

KingOfWinterfell01

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Quote from: aleksandra_kickcity on December 04, 2017, 05:34:43 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?

A world using a single currency? What a dream. But I guess bitcoins will only surmount to being just a digital currency capable of carrying a lot of value and a cash cow to most investors looking for a quick buck. I guess it won't blowup since a lot of people are supporting it. I am however, always hopeful that we can somehow find a way to include btc to the mainstream.

achikomimi

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I am still thinking about that bubble. But i cannot explain how could that become a bubble one day. And I do not expect that that would happen because I believe that Bitcoin will be acceptable world wide as medium of exchange. One day it will no longer take as investment.

piebeyb

legendary

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Bitcoin Trader

yes prefer from your word on this thread yes yes we still have state regulations that need to be obeyed, I think after it is really official I think it is very easy to be a means of payment

repsol

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I currently use bitcoin as an investment because in my country using bitcoin as payment is prohibited by the government, I do not invest all my money in bitcoin but I also invest in altcoin, nowadays safe investment in bitcoin and bitcoin gives me an advantage

randal9

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If the cost of fees decreases and the transaction time is settled, then it will be a wonderful payment system...there are so many advantages

haxker007

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The advantages of utilizing BTC as an payment framework. This article will examine the focal points for purchasers and shippers to utilize BTC as an installment framework and will likewise talk about escrow benefits, BTC's future in exchanging, potential misfortunes, and an outline of its advantages.

hoanghoatham04

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Blockchain Just Entered The Real World

Quote from: aleksandra_kickcity on December 04, 2017, 05:34:43 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?

I also think that Bitcoin is the largest payment system in the world today because Bitcoin is used by everyone as a trading currency for all other altcoin.

jomarthegreat89

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Quote from: shesheboy on January 04, 2018, 06:12:12 AM

we already using bitcoin as a payment system to buy things and stuffs online , not only in online but also on an offline envronment because some country now had been already accepted and legalize bitcoin to be used in some of their establishments like malls , hotels , coffe shops , atm machine , etc. bitcoin is not only for payment but it can also be used on trading and investing or anything that you can think of.

It's true that we are using Bitcoin as online payment, but it isn't really advisable for micropayments due to long confirmation time as well as high fees. Also, I don't think malls, hotels, coffeeshops, atm machines are offline since Bitcoin needs the internet to run.

shesheboy

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Quote from: aleksandra_kickcity on December 04, 2017, 05:34:43 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?

Quote

How do you think, will we be using bitcoin as payment system?

we already using bitcoin as a payment system to buy things and stuffs online , not only in online but also on an offline envronment because some country now had been already accepted and legalize bitcoin to be used in some of their establishments like malls , hotels , coffe shops , atm machine , etc. bitcoin is not only for payment but it can also be used on trading and investing or anything that you can think of.

Quote

Or it will stay as it is and this bubble blow up one day?

what? bitcoin is not a bubble because bitcoin is still here and we still see and use it. this bitcoin bubble thing has been discussed all the time and no one has really proven it or have a legit evidence to say that it was really a bubble.

Quote

And how do you see it's future?

no one can see or predict its future unless someone has a crystall ball or time machine to travel and see what future does really hold in bitcoin and any other cryptos.

skyland999

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Wonderful World

my estimated future will bitcoin its value will be very high because many of its investors are wrestling in the crypto world, and bitcoin could have replaced the dollar in the sense that all countries can approve bitcoin as a world transaction

mejalipat

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it would be nice if bitcoin as a payment system because it will make it easier to make payments between countries but not everyone knows bitcoin so I do not think bitcoin can be used for the payment system

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