... because the price of Bitcoin was so volatile.
or price of dollar is volatile, depending how you look at it 
Topic: Bitcoin as payment system - page 63. (Read 6074 times)
In order for bitcoin to be used as a means of payment need to solve the problem with the speed of transaction confirmation and the price of small transactions. But I think that even it will have the desired effect. The people themselves keep the coins as a Deposit and don't want to part with them. In such circumstances, you can trade for bitcoins?
Investing in bitcoin really brings a lot of profit, but for bitcoin to become a popular payment method. I think the bitcoin needs to be modified. Many bitcoin deals are suitable for large transactions that are not suitable for small transactions. In the future I think there should be bitcoin tags. People can use it for their small payments
would you use Bitcoin as a payment tool if transactions would be faster?
will also start using bitcoin as a payment tools, we really just need for the right time.
Most people who use Bitcoin certainly have not used Bitcoin as their payment method. I did most of the payment work with Bitcoin, even paying for mobile phone look with Bitcoin. But I ended this habit because the price of Bitcoin was so volatile.
Investing in bitcoin really brings a lot of profit, but for bitcoin to become a popular payment method. I think the bitcoin needs to be modified. Many bitcoin deals are suitable for large transactions that are not suitable for small transactions. In the future I think there should be bitcoin tags. People can use it for their small payments
would you use Bitcoin as a payment tool if transactions would be faster?
Investing in bitcoin really brings a lot of profit, but for bitcoin to become a popular payment method. I think the bitcoin needs to be modified. Many bitcoin deals are suitable for large transactions that are not suitable for small transactions. In the future I think there should be bitcoin tags. People can use it for their small payments
well my guess is that things will continue this way. meaning bitcoin stays an investment with a big backlog of unconfirmed transactions and high fees but rising price because of all the new investors and all the new money that keeps coming in.
then it can go only two ways:
- either the scaling issue is solved and bitcoin stays a currency or if you like a "payment system". and that means the price keeps on rising and the adoption grows a lot with it.
- or nothing will change with the scaling and the issue remains. that will simply kill bitcoin because some other cryptocurrency which doesn't have the same scaling issues or doesn't have worse scaling issues (like most top altcoins with horrible issues) will replace bitcoin and become the decentralized "payment system" that everyone wants.
then it can go only two ways:
- either the scaling issue is solved and bitcoin stays a currency or if you like a "payment system". and that means the price keeps on rising and the adoption grows a lot with it.
- or nothing will change with the scaling and the issue remains. that will simply kill bitcoin because some other cryptocurrency which doesn't have the same scaling issues or doesn't have worse scaling issues (like most top altcoins with horrible issues) will replace bitcoin and become the decentralized "payment system" that everyone wants.
I think in its current state it would be really impractical to use Bitcoin as a payment system, the transaction rates are low and the fees are very high for using small amounts.
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 extreme fluctuations is the only reason why bitcoin cannot be a good payment system to replace fiat money. It's not really complex to implement bitcoin for just buy a coffee at Starbucks, but this volatility make it like "why would I bother if I could use an easier one?"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?
Sadly, I heard bad news from Indonesian government that they not recognize bitcoin as a legitimate payment system to save the local currency.
For me, now with this conditions it's better to use bitcoin as a legit investment instrument. So we can't ignore many issue regarding transaction like fees or confirmation time of transactions.
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.
Satoshi Nakamoto goals that way with bitcoin but people are just discovering new things on how to innovate it with such use and we all end up using bitcoin as an investment tool and being treated it now as an asset.
How do you think, will we be using bitcoin as payment system?
Bitcoin is already used a payment system by companies and merchants.
Or it will stay as it is and this bubble blow up one day?
Remain as it is? I don't get it when it comes to these things where bitcoin is described as bubble.
And how do you see it's future?
Adoption will be pursue and more and more people will start to like bitcoin for helping them financially freed. At this moment Bitcoin is not really suited as a payment system. When I want to do a micro-payment for example when I buy groceries at the local supermarket, I have to pay at least $5 to get my payment through. So if I buy groceries for $30, I actually pay $35 which is 17% more than is stated on the bill. However it's not really the fault of Bitcoin, there is a solution called Segwit. But nobody seems to care, because Bitcoin is seen as an asset instead of what it was intended for. If we really want to use it as a payment system again, then more wallet developers have to implement Segwit in their software and users should switch to wallets supporting Segwit addresses.
Agree, scaling issue. Bitcoin simply cannot process too many transactions at once, which ultimately defeat the purpose as a global currency. Imo Bitcoin is more like gold, an asset that has value and can withstands for a very long time. Right now they are too many political issues going around Bitcoin, and it has slowed down the entire evolution of Bitcoin, giving other cryptocurrency a chance to improve themself and become better than Bitcoin in terms of transaction speed.
Bitcoin can be used to pay bills or other online transaction because you can convert it to your currency.
problem with that when converting it to local currency that the value will differentiate and business owners will not be convince that thispayment system will help them but the sooner that we see much faster and stable transactions maybe it can be use the way it should be
lets wait and see what progress bitcoin will bring in terms of payment options.
Well, it could be a nice opportunity for all of as her working to earned bitcoin. But for now few country have already accept bitcoin as legal payments. But many countries have undecided to accept it because bitcoin in the eyes human is a web crime and its hard to accept in the institution being a legal currency.
Bitcoin can be used to pay bills or other online transaction because you can convert it to your currency.
problem with that when converting it to local currency that the value will differentiate and business owners will not be convince that thispayment system will help them but the sooner that we see much faster and stable transactions maybe it can be use the way it should be
lets wait and see what progress bitcoin will bring in terms of payment options.
Bitcoin used as payment system is not a bad idea because online transactions are very in demand today. Also bitcoin can be converted into cash if you need it too.
I see the future bitcoin not only be an investment but of payment. as is well known now that many developers are competing to make bitcoin into payment. and even also have met a marketplace that accept bitcoin as a means of payment. so of course the future bitcoin not only be an investment but also as a means of payment.
Bitcoin can be used to pay bills or other online transaction because you can convert it to your currency.
I would try to store the coins for a little while only because the coins can be worth more later down the road.
In fact, a lot of people and companies have been doing this a few years ago, and some people buy arms and drugs directly in bitcoin. There is already a very mature trading website. In recent years, several governments have been slowly accepting bitcoin payments, and the Australian government has been working with HSR recently.
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?
As long as the government of other nations try to control bitcoin, it would be an investment for most of us because the value will depend on the news that will dictate its price. Unlike if all of the nation will just adopt it, the price would become stable that is much suitable to be a currency. 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 sure, but i think that BTC will not blow up near future. Guess, 2018 will bring us a huge growth of Bitcoin 
Im also counting in that idea. Though its not a hundred percent sure that bitcoin will be use as a payment system. There is a possibility that it might happen in 2018. But dont expect that it will have too many users, Cause here in our country, I think there is only 25% out of 100% who uses and knows bitcoin. I think of Bitcoin like a bar of gold - enormously valuable but you can't exactly lug one around to pay for your everyday purchases. That is where a different crypto can really shine. Now which altcoin that would be remains to be seen! 
That's a good image
I also start to see bitcoin as 'digital gold'. Maybe such division of roles is good. Bitcoin as an investment and store of value, some altcoins for payments. Jump to: