thats why people prefer to pay with cash rather than bitcoin.
butsome store or whatever provide bitcoin payment because they know or sure if bitcoin price will rise later. and it can be their investment, gaining bitcoin without any obstacle and it have risk and profit for the provider.
Topic: Bitcoin's acceptance in the World - page 2. (Read 720 times)
There is a major issue which is becoming resistance in the way of Bitcoin to be accepted globally and it is its "Volatility".
In the near past we have seen Bitcoin dropping more than 15% in a matter of 3-4 hours. And there are a number of cases in the past like this.
This property is too much dangerous for any entity which is holding Bitcoin. If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.
Scenarios where gross profit margins of the companies are less, this property makes nearly impossible to accept payments in Bitcoin. If volatility of bitcoin is decreased in the future, it would be a major step ahead.
In the near past we have seen Bitcoin dropping more than 15% in a matter of 3-4 hours. And there are a number of cases in the past like this.
This property is too much dangerous for any entity which is holding Bitcoin. If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.
Scenarios where gross profit margins of the companies are less, this property makes nearly impossible to accept payments in Bitcoin. If volatility of bitcoin is decreased in the future, it would be a major step ahead.
The volatility will unlikely to become lower. Moreover, do not forget about the possible manipulation of Bitcoins by whales. However, I see that the acceptance is progressing now despite the volatility thats why I believe Bitcoin will be the winner sometime
One way or another, today Bitcoin is valued primarily for its volatility, because traders and speculators get a good income due to price fluctuations. Few people are interested in using Bitcoin as a means of payment, but nevertheless, to achieve these goals, you really need to have more stable prices for Bitcoin. The stability of Bitcoin will depend primarily on the increased interest of investors in this coin. But until the scalability problem is resolved, large investors will not enter the Bitcoin market and the prospects as a means of payment look too vague.
There is a major issue which is becoming resistance in the way of Bitcoin to be accepted globally and it is its "Volatility".
In the near past we have seen Bitcoin dropping more than 15% in a matter of 3-4 hours. And there are a number of cases in the past like this.
This property is too much dangerous for any entity which is holding Bitcoin. If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.
Scenarios where gross profit margins of the companies are less, this property makes nearly impossible to accept payments in Bitcoin. If volatility of bitcoin is decreased in the future, it would be a major step ahead.
Well, you have a point but there's also a chance that they would get a huge profit if bitcoin pumps hence perhaps this is a matter of risk I'd say. In my opinion, Bitcoin is not really good at the payment for products/services due to volatility, on the other hand, this factor could really good for investment purposes. perhaps Bitcoin will be a good use for the daily transactions if its price would be stable somehow which is vague to happen.In the near past we have seen Bitcoin dropping more than 15% in a matter of 3-4 hours. And there are a number of cases in the past like this.
This property is too much dangerous for any entity which is holding Bitcoin. If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.
Scenarios where gross profit margins of the companies are less, this property makes nearly impossible to accept payments in Bitcoin. If volatility of bitcoin is decreased in the future, it would be a major step ahead.
There is a major issue which is becoming resistance in the way of Bitcoin to be accepted globally and it is its "Volatility".
In the near past we have seen Bitcoin dropping more than 15% in a matter of 3-4 hours. And there are a number of cases in the past like this.
This property is too much dangerous for any entity which is holding Bitcoin. If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.
Scenarios where gross profit margins of the companies are less, this property makes nearly impossible to accept payments in Bitcoin. If volatility of bitcoin is decreased in the future, it would be a major step ahead.
This actually is a major problem because we just saw today that how sharply prices of btc can fall and hike. I think volatility is a problem which really restrains people from investing in bitcoin making them think it's highly risky. I think there is a high probability that volatility problem would go down if there is an increase in adoption because individual manipulation will stop. Which could make it a better tool for investment. In the near past we have seen Bitcoin dropping more than 15% in a matter of 3-4 hours. And there are a number of cases in the past like this.
This property is too much dangerous for any entity which is holding Bitcoin. If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.
Scenarios where gross profit margins of the companies are less, this property makes nearly impossible to accept payments in Bitcoin. If volatility of bitcoin is decreased in the future, it would be a major step ahead.
There is a major issue which is becoming resistance in the way of Bitcoin to be accepted globally and it is its "Volatility".
In the near past we have seen Bitcoin dropping more than 15% in a matter of 3-4 hours. And there are a number of cases in the past like this.
This property is too much dangerous for any entity which is holding Bitcoin. If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.
Scenarios where gross profit margins of the companies are less, this property makes nearly impossible to accept payments in Bitcoin. If volatility of bitcoin is decreased in the future, it would be a major step ahead.
Its acceptable fact that volatility is the only reason stopping companies to accept it as payment but the volatility comes from where? Only from the users so when we switch to bitcoin payment and not for trading then companies also will change due to less volatility. In the near past we have seen Bitcoin dropping more than 15% in a matter of 3-4 hours. And there are a number of cases in the past like this.
This property is too much dangerous for any entity which is holding Bitcoin. If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.
Scenarios where gross profit margins of the companies are less, this property makes nearly impossible to accept payments in Bitcoin. If volatility of bitcoin is decreased in the future, it would be a major step ahead.
I don't think it's the volatility. They just make it look like they don't want bitcoin because of its volatility but for me, no. Even if bitcoin would achieve acceptance by the government around the world, those who just want to invest in bitcoin will invest. Although I'm seeing your point, companies won't just accept bitcoin as payment if they're not well-aware of it. Of course, before doing it, they'll study and discuss how are they going to make it possible without risking most of their profits. Business is already a risk if they're willing to invest in it or not. Just like how businessmen invest in a certain company because they see the potential of it growing. It's somehow the same with investing in bitcoin (the difference is the level of risk).
There is a major issue which is becoming resistance in the way of Bitcoin to be accepted globally and it is its "Volatility".
In the near past we have seen Bitcoin dropping more than 15% in a matter of 3-4 hours. And there are a number of cases in the past like this.
This property is too much dangerous for any entity which is holding Bitcoin. If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.
Scenarios where gross profit margins of the companies are less, this property makes nearly impossible to accept payments in Bitcoin. If volatility of bitcoin is decreased in the future, it would be a major step ahead.
Well, you have a point but there's also a chance that they would get a huge profit if bitcoin pumps hence perhaps this is a matter of risk I'd say. In my opinion, Bitcoin is not really good at the payment for products/services due to volatility, on the other hand, this factor could really good for investment purposes. perhaps Bitcoin will be a good use for the daily transactions if its price would be stable somehow which is vague to happen. In the near past we have seen Bitcoin dropping more than 15% in a matter of 3-4 hours. And there are a number of cases in the past like this.
This property is too much dangerous for any entity which is holding Bitcoin. If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.
Scenarios where gross profit margins of the companies are less, this property makes nearly impossible to accept payments in Bitcoin. If volatility of bitcoin is decreased in the future, it would be a major step ahead.
Many countries are looking forward for bitcoin; since bitcoin is higher than any coins, it becomes popular in a good way. On the other hand, there are countries that do not accept it due to government itself. And worst, they are banning it because they are not the ones who handle it.
There is a major issue which is becoming resistance in the way of Bitcoin to be accepted globally and it is its "Volatility".
Volatility of the bitcoin and the other coins are the resistance or hindrance why the government nor the global are accepting it and legalizing bitcoin and crypto, if they regulate or accept this bitcoin the world bank will be loss and the people will suffer from a volatility digital money that they may dump so hard. That is one of the hindrance why bitcoin cant regulate globally, but its volatility is the one why also many people are entering in the crypto or investing in crypto because they believe that their money will grow harder or so much high.Nowadays, there were still lots of countries and people who doesn't want to evolve in the era of digital currency, they still don't believe in it and this people are famous enough that there are lots of people who believe in them and follow whatever they are saying.
I think those country who did not support crypto is those country with no ability to spread digital currency because some of other countries are so poor even high technology they can't support and they don't want other country help them because those country have their aim to control it. so with that, its enable or hard to propagated crypto. for other user this reason might be acceptable?
There is a major issue which is becoming resistance in the way of Bitcoin to be accepted globally and it is its "Volatility".
In the near past we have seen Bitcoin dropping more than 15% in a matter of 3-4 hours. And there are a number of cases in the past like this.
This property is too much dangerous for any entity which is holding Bitcoin. If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.
Scenarios where gross profit margins of the companies are less, this property makes nearly impossible to accept payments in Bitcoin. If volatility of bitcoin is decreased in the future, it would be a major step ahead.
See btc volatility is key feature of bitcoin that have been in the market from the years and it will be adopted by only those companies who knows it working and use.The company can profit when the prices pump which is beneficial for them or if they don't want to loose they can set up a certain fixed amount which has to be paid in btc in respect to fiat or local currency.Volatility is not much bigger issue but soon companies will accept it as mode of payment. In the near past we have seen Bitcoin dropping more than 15% in a matter of 3-4 hours. And there are a number of cases in the past like this.
This property is too much dangerous for any entity which is holding Bitcoin. If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.
Scenarios where gross profit margins of the companies are less, this property makes nearly impossible to accept payments in Bitcoin. If volatility of bitcoin is decreased in the future, it would be a major step ahead.
Most people prefer Bitcoin as a store of value rather than a medium of exchange.
Now, If you're talking about the downside of Bitcoin as a mean of currency to purchase to a specific merchant because of its volatile nature, then probably you dont need to overthink about it since there were already tons of merchants who accepts Bitcoin as a mode of payment.
Merchants wont necessarily keep the currency in Bitcoin form, ofcourse they can opt to exchange It to their local fiat currency or hold inside their wallet.
Now, If you're talking about the downside of Bitcoin as a mean of currency to purchase to a specific merchant because of its volatile nature, then probably you dont need to overthink about it since there were already tons of merchants who accepts Bitcoin as a mode of payment.
Merchants wont necessarily keep the currency in Bitcoin form, ofcourse they can opt to exchange It to their local fiat currency or hold inside their wallet.
I would agree on this. Basically, people invest in bitcoin due to its high-volatility and as a means of store-of-value either for short/long-term investment. Currently, bitcoin has been accepted by some countries as an alternative payment for their products/services because like what I mentioned, people took an interest on it as an investment.
Unfortunately, the acceptance of bitcoin stems from its very own nature being decentralized- which its transactions cannot be easily traced. Some used this as the main medium under the dark web in purchasing illegal products or services for their own means.
There is a major issue which is becoming resistance in the way of Bitcoin to be accepted globally and it is its "Volatility".
Volatility of the bitcoin and the other coins are the resistance or hindrance why the government nor the global are accepting it and legalizing bitcoin and crypto, if they regulate or accept this bitcoin the world bank will be loss and the people will suffer from a volatility digital money that they may dump so hard. That is one of the hindrance why bitcoin cant regulate globally, but its volatility is the one why also many people are entering in the crypto or investing in crypto because they believe that their money will grow harder or so much high.Nowadays, there were still lots of countries and people who doesn't want to evolve in the era of digital currency, they still don't believe in it and this people are famous enough that there are lots of people who believe in them and follow whatever they are saying.
It's right that volatility makes some bitcoin holders worried, and creates resistance in the way of Bitcoin to be accepted globally, but there is an interesting side to bitcoin compared to stable fiat, because trading with the nature of volatility opens up opportunities for large profits, hence it is actually volatility that help Bitcoin gains the attention of the many because with this feature they can actually find good strategies to make money or profits.
Furthermore, volatility is inevitable during growth. There are bitcoin periods where volatility is low, but this is rarely the case. In my opinion if Bitcoin is already widespread later, many people start holding Bitcoin, and consider it as a technology (not an investment tool), the price of Bitcoin will even decrease its volatility and will move substantially.
Furthermore, volatility is inevitable during growth. There are bitcoin periods where volatility is low, but this is rarely the case. In my opinion if Bitcoin is already widespread later, many people start holding Bitcoin, and consider it as a technology (not an investment tool), the price of Bitcoin will even decrease its volatility and will move substantially.
There is a major issue which is becoming resistance in the way of Bitcoin to be accepted globally and it is its "Volatility".
Volatility of the bitcoin and the other coins are the resistance or hindrance why the government nor the global are accepting it and legalizing bitcoin and crypto, if they regulate or accept this bitcoin the world bank will be loss and the people will suffer from a volatility digital money that they may dump so hard. That is one of the hindrance why bitcoin cant regulate globally, but its volatility is the one why also many people are entering in the crypto or investing in crypto because they believe that their money will grow harder or so much high. Bitcoin's volatility has its advantage as well. If such payment is done and the price of Bitcoin strikes high, there will be a profit to be gained. Also, Bitcoin provides a faster and convenient transaction which is its edge to any currency. If there will be a massive adoption, the price of Bitcoin will get better as well. We shouldn't see its volatility as a negative thing because it could be an advantage at the same time.
For some instances that volatility makes loses but most of all it helps people/traders to gain. They'll take advantage of what the market be like and able to adopt such change which I supposed those people who haven't been successful in trading had never understood the way it was. Bitcoin's gains its popularity because of this and that attraction meant so good for we all get into crypto adoption. This property is too much dangerous for any entity which is holding Bitcoin. If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.
You have only talked about one side and you didn't balance the scenario. Bitcoin is not one sided. It gives as it takes, which now depends on what you want.
What about in a hypothetical case (which also in certain case happens), that the payment comes in and the price doubles in 20%? The company will be in more profit right ?
Bitcoin's volatility has its advantage as well. If such payment is done and the price of Bitcoin strikes high, there will be a profit to be gained. Also, Bitcoin provides a faster and convenient transaction which is its edge to any currency. If there will be a massive adoption, the price of Bitcoin will get better as well. We shouldn't see its volatility as a negative thing because it could be an advantage at the same time.
There is a major issue which is becoming resistance in the way of Bitcoin to be accepted globally and it is its "Volatility".
In the near past we have seen Bitcoin dropping more than 15% in a matter of 3-4 hours. And there are a number of cases in the past like this.
This property is too much dangerous for any entity which is holding Bitcoin. If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.
Scenarios where gross profit margins of the companies are less, this property makes nearly impossible to accept payments in Bitcoin. If volatility of bitcoin is decreased in the future, it would be a major step ahead.
Its been hard to accept bitcoin as mode of payment in one company because bitcoin have no stable price. Like now for example you buy product using bitcoin then after ward bitcoin price will go down so the company is getting broke because once bitcoin price will down the the effect is going to company. In the near past we have seen Bitcoin dropping more than 15% in a matter of 3-4 hours. And there are a number of cases in the past like this.
This property is too much dangerous for any entity which is holding Bitcoin. If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.
Scenarios where gross profit margins of the companies are less, this property makes nearly impossible to accept payments in Bitcoin. If volatility of bitcoin is decreased in the future, it would be a major step ahead.
There is a major issue which is becoming resistance in the way of Bitcoin to be accepted globally and it is its "Volatility".
In the near past we have seen Bitcoin dropping more than 15% in a matter of 3-4 hours. And there are a number of cases in the past like this.
This property is too much dangerous for any entity which is holding Bitcoin. If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.
Scenarios where gross profit margins of the companies are less, this property makes nearly impossible to accept payments in Bitcoin. If volatility of bitcoin is decreased in the future, it would be a major step ahead.
In the near past we have seen Bitcoin dropping more than 15% in a matter of 3-4 hours. And there are a number of cases in the past like this.
This property is too much dangerous for any entity which is holding Bitcoin. If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.
Scenarios where gross profit margins of the companies are less, this property makes nearly impossible to accept payments in Bitcoin. If volatility of bitcoin is decreased in the future, it would be a major step ahead.
Yes your right in other instances but what if they receive the payment in bitcoin then the bitcoin price increase to 10% in just one day? Do you think the company will lost it's profit if the situation will be like this?
There are many companies already that started to accept crypto currencies as payment option because they know how to play with the market. If the market will goes down, they will just hold it and once the price will goes up then that is the right time for them to sell. So it's about adoption on how you are going to adapt the market condition and be positive instead of negative thinking's.
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