Topic: Bitcoin as payment system - page 58. (Read 6073 times)
Too expensive and costly is the payment system. Millions of dollars to transfer with Bitcoin smartly, and for transactions less than $ 5000 it is not profitable.
Well, as for me, I have been using bitcoin as payment system for quite a while now. For example, when buying coffee, my friend have some cash and I forgot to bring mine, what I do usually is just to use bitcoin and pay for what I owe to my friend. It lessen the hassle of falling in line to ATMs to withdraw money. I hope that this kind of system to be adapted mainstream someday, which I think is very soon.
Yeah, It is really a good idea and it will be more beneficial for making online transactions by using Bitcoins.By this method we will be able to send bitcoin to the every corner of world and may be this will attract more people bitcoin because by this method there is no insecurity here and there will be no such problems in handling cash. This process will benefit more people because Bitcoin is not stable and its price is increasing day by day.
The fundamental principle of Bitcoin states that it is a payment system and provides better features as compared to that of our traditional fiat infrastructure. However, since it is in the development phase there is huge volatility going around and things are unclear so that opportunists are taking advantage of the same and earning speculative gains from it. However, we should always keep in mind that Bitcoin is a payment system and speculative gain is a by-product of the development process.
This is a great idea and it will be possible soon in future, but the most overwhelming news is some of the institutions have started accepting bitcoin as a tuition fee and some lawyers also accept payment in bitcoin, these all steps are paving the path for bitcoin to replace regular currencies in future and to be used for buying and selling in daily life instead of paper money
If bitcoin becomes a payment system, then we will wait for a long time to confirm the payment. Also, a coin with a large volatility is not the best medium for payment. I'd rather use cash or a credit card.
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?
Of course, if bitcoin is the time to become a valid payment instrument why not. Many of the convenience we also get from bitcoin if it really becomes a means of payment, and of course more transparent transactions. 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?
Sounds good for online transactions and online stores wherein items are not in a rush. As of now it is not good to use bitcoin on a daily basis. Imagine buying a soda or a cup of coffee waiting for about 8 mins. or so just for the small transaction and the people behind you,complaining, waiting for too long. But who knows what the future has in-store for us.
Is the best way to make it in public as a payment method here in my country some of shop or restaurant are accepting bitcoin as payment and soon they will accept lite coin and other coins , and mostly celebrities are one who is incourage to do that thing and it is best for us who use bitcoin anyway. Maybe if this become worldwide paypal will be the secondary and bitcoin will be the best at its finest.
Not sure, but i think that BTC will not blow up near future. Guess, 2018 will bring us a huge growth of Bitcoin 
like what number? =)
Bitcoin is now hard to use as a means of payment. All because of the fact that the commission is very high. Now it's almost impossible to make a payment with a small amount. It makes me sad
Indeed, people choose to buy it and keep it by holding while the price is surging higher.
Thanks to Altcoins that serves its purpose as payment for products and services so Bitcoin isn't really for the virtual Markets but Altcoins.
Crypto-Currency was made to act like a digital monetary for products and services payment but this time Bitcoin seems not intended for payments due to high transaction fees, secondly, Bitcoin is now like an internet Gem or precious jewelry that people want to collect it and keep it because it holds value.
But instead, Altcoins were likely acting a real cyrpto-currency ideal and intended for payments of goods, items, products and services because of it's low valued coins and easy to transact.
But instead, Altcoins were likely acting a real cyrpto-currency ideal and intended for payments of goods, items, products and services because of it's low valued coins and easy to transact.
Bitcoin is now hard to use as a means of payment. All because of the fact that the commission is very high. Now it's almost impossible to make a payment with a small amount. It makes me sad
the circulation of bitcoin is illegal, because it is not reachable by the central bank, i think that will make it hard to use bitcoin as payment system at country.
Yes, illegal. It is really strange situation, because Government, Central banks know that people use bitcoin, but do nothing
Right now, no body is using Bitcoin, every single person is holding, I doubt if any body would use BTC to pay for anything online.
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?
I think, bitcoin's will permanent as asset for invest.
Bitcoin as payment system?..., it might not be possible.
Because all we know, government policy isn't on the side of bitcoin.
Government refused, if bitcoin is used as payment system.
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?
no one can predict if bitcoin is a bubble only but for now im want to hold it because i have a faith in bitcoin that someday bitcoin become as a payment system and i'll hope that someday bitcoin is become our future money because bitcoin is very profitable. 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 fundamental principle of Bitcoin states that it is a payment system and provides better features as compared to that of our traditional fiat infrastructure. However, since it is in the development phase there is huge volatility going around and things are unclear so that opportunists are taking advantage of the same and earning speculative gains from it. However, we should always keep in mind that Bitcoin is a payment system and speculative gain is a by-product of the development process.
I hope this can be applied in any type of place of sale, be it online or offline. So to buy something we do not have to bother cashing bitcoin first. If this happens, it will ease bitcoiners.
I use bitcoin as my only payment system/platform online.
Almost everything online uses bitcoin. PP sux.
Almost everything online uses bitcoin. PP sux.
bitcoin is the best and fastest way and secure as mode of payment in almost all of the online market. for me i think if bitcoin will continue to raise up untill all tha fiat money well lose and if thats happen bitcoin price will become stable and perfect to all people in the world as a mode of payments online or offline in the future
I think it is highly likely to happen. With bitcoin gaining popularity and interest by the day, bitcoin ubiquity is definitely bound to happen. I think in a couple of years, more and more establishments would accept bitcoin as a mode of payment and in time bitcoin banks would open as well,and it would bring much convenience to all users. It is only a matter of time and I am sure ready for it.
If Bitcoin is a payment system then it will be very good. Bitcoin is the most popular currency of the current period. Bitcoin transection can be done very easily and low fee. Already many company payments can be made by Bitcoin and Many company want to start payment through Bitcoin. I would be very happy if Bitcoin accepted everywhere as payment system.
Yes this strategy can help much in bitcoin to become more popular all over the world. This thing will give way to bitcoin to become most dominant digital currency at present days. And at the same time it would also a big help to bitcoin to make its demand getting higher and also its ptrice gets higher also. Jump to: