I would like to of course, but it's still far away
Only if they introduce a single tax when using cryptocurrency, this will become possible
Topic: Bitcoin as payment system - page 8. (Read 6050 times)
yes every action or every action you pay is taxed, but at least you will not feel it unless you transfer money to get it, because the tax is great to transfer money if you get it.
2018 is another year for bitcoin as many people are still coming to get bitcoin as their investment and savings for the future.
As long as there is a new addition to the community the demand of crypto will continue to grow while the supply remains at a maximum number of 21,000,000 bitcoin. this will affect the market blow as always. 2018 will have the blow and bitcoin will overpass the 20,000 USD and will hit the new milestone of 60,000USD before the year ends.
Bitcoin is an investment started from 1 btc equal to 1 usd and is now equal to about 7 thousand Usd is now increasing more and more and will convert into payment system in future. It is using as payment system in many countries and will be using all over the world due to its easiness. Payment system with Bitcoin would be the success of people. As long as there is a new addition to the community the demand of crypto will continue to grow while the supply remains at a maximum number of 21,000,000 bitcoin. this will affect the market blow as always. 2018 will have the blow and bitcoin will overpass the 20,000 USD and will hit the new milestone of 60,000USD before the year ends.
There are many benefits accepting Bitcoin as payment if you are a merchant. First is that the processing fees are paid by the sender, and the merchant pays nothing to receive funds. These fees are considerably lower than traditional payment networks.
It allows you to send items worldwide without currency being a limitation. It allows one-way transactions that cannot be reversed as this is how Bitcoin works, so the merchant is not at risk of a chargeback. It is gaining traction so is more likely to be an easy payment method to accept in future, and there are no subscription or monthly fees for using Bitcoin directly, unlike traditional bank accounts and payment processing networks.
It allows you to send items worldwide without currency being a limitation. It allows one-way transactions that cannot be reversed as this is how Bitcoin works, so the merchant is not at risk of a chargeback. It is gaining traction so is more likely to be an easy payment method to accept in future, and there are no subscription or monthly fees for using Bitcoin directly, unlike traditional bank accounts and payment processing networks.
Although that might be the case the massive volatility and price swings do not really correlate to mass adoption from merchants. They don't like it when 10k bitcoin turns into 5k in a week and now they effectively have less money than they accepted from the customer.
I think that will happen in the future because it is starting now. I heard some of the retailers are accepting bitcoin as a mode of payment in their products so it would be no surprise if people start paying using their bitcoins in the future.
As far as i know, some of the online websites accept bitcoin as a method of payments. Some of it are those digital items. When we talk about everyday payments like on general stores or other places bitcoin is totally unsuitable for this kind of situation. The reason I think it is unsuitable is the high transaction fees and it takes a good amount of time to complete the transaction, so just imagine you being in a store to buy something and you just have to wait for half an hour for just the transaction to be completed. People just prefer credit cards or debit cards for such things and many of us would prefer to use fiat rather than bitcoin.
Bitcoin as a payment system may be good and is good news for all of us who are active in bitcoin, because then we can make payments whenever and wherever we are lazy to go home, we can make payment at home just by sitting at the computer.
Bitcoin will only be used as a form of payment when partnered in different kind of institutions. In my country it was possible through the integration of a local wallet app allowing bitcoin become accepted as payment for different good and services. Some universities actually accepts it as means of oaying. The simplest way to use it is buying it for prepaid load.
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?
If bitcoin become the new payment system then probably the people will love it, because as far as I know human loves to live in faster and easier ways so that bitcoin is being made for us human to have a easier way of living. 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 
like what number? =)
There are some stores which accepts bitcoin as payment. But it is not widespread. I guess those are just storeowners who wanted to have bitcoin. But this is really a good idea. Convenient also to bitcoin users.
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?
There is no doubt Mr. Satoshi wanted to change the world by changing the money first, 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?
but when the bitcoin came out it has two very definitions as we all know, which are:
1. A digital currency (money)
2. A digital store of value (asset)
The major reason why people are HODLing bitcoin is due to the bitcoin limited supply.
The demand is what determines the bitcoin price in the market when the supply is low the price gets higher and HODLers makes money.
In my opinion it is possible. Now more and more people buy bitcoins, and more and more people recognize bitcoin value. In Japan more merchants accept bitcoins. think in handy future BTC will be part of life for everyone
I read several times in this forum and I agree that the bitcoin would not be a valid payment instrument also because of its high unit value that would oblige to price everything in decimals.
Using bitcoin as a payment system has no doubt made things to be processed with the speed of light. That alone is enough reason to incorporate bitcoin as a payment system in any transaction. Thanks
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?
Bitcoin is good in terms of financial services so I would totally agreed if bitcoin would be the new payment system. We all knew that bitcoin can make transaction faster at a low price then even payment will do. Transactions and payment is just similar but differ in idea. It is a big advantage for those user's of bitcoin if it will become a payment system because we can pay easily and less struggle. Unlike hand to hand system a lot of inconvenience will happen to you. 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 can do this type of payments since our technology is rapidly fast growing but it takes years or months that stores or any kinds of establishment will accepts bitcoin as payments there are few of them but not much as you think.
I am not sure about that but i think that Bitcoin-based payment system will be used on more fields and its usage will increase day by day.I don't think that Bitcoin will fail that easy, maybe other cryptocurrencies can but not Bitcoin.
BTC as a payment service will add lots of value to peoples lives, with it there will be ease in making payments over a long distance safely and fast. the fact that BTC is border-less, people will be able to acquire goods and services from all over the world with ease
it will grow bigger in the future
Bitcoin was a big help to everybody by using it as a payment system,we cannot be hassel to pay our utility or any bills in any payment center.Just using our internet connections and a fund of bitcoins in our wallet.I know crypto has a brighter future because it can be sustainable to everyone of us.
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