If you want to make Bitcoin as a payment tool around the world then you have to ensure the volatility of this platform, Due to huge volatility, most of the people feel comfortable holding Bitcoin rather than send or spend it. because they know the price may rise or fall, so the calculation is simple, also you have to create a proper regulation and a set of policies, if then people, as well as the merchant, will get interested to be involved in this platform and Bitcoin will be a common platform for the purpose of payment. also, you need to ensure more and more adoption of Bitcoin around the people, I think it's not any difficult task to create this scenario around the whole world.
Volatility can be one of many problems/factors on why we can't see a huge adoption of bitcoin. The government is the one who is against that. They know how bitcoin and the whole cryptocurrency world can be the next mainstream mode of payment and the most preffered of their people because of the convinience that crypto can give to them.
Topic: Bitcoin's acceptance in the World - page 3. (Read 720 times)
The volatility will not make people are a worry. It will not stop people from investing in bitcoin because they know that the volatility is part of the price itself. The company will think that, and they will have another solution to prevent volatility. They can accept the other coins. For example, they can accept stable coins like usdt, usdc, and else. I am sure when bitcoin already accepted in all countries, there will be a solution to solve the volatility matter. But to see bitcoin acceptance in all countries, it will need time, and it needs approval too from every government.
Approval from government will be the turning point making bitcoin being accepted all over the world. We just seen small numbers in terms of full adoptions but the fact that it's already being exist, implementations can happen if government will begin to consider this system.Looking forward, Bitcoin will exist and be an alternative to existing fiat.
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 Popularity of bitcoin has been increasing day by day from small businesses to big companies started accepting bitcoin as a payment.
If you want to make Bitcoin as a payment tool around the world then you have to ensure the volatility of this platform, Due to huge volatility, most of the people feel comfortable holding Bitcoin rather than send or spend it. because they know the price may rise or fall, so the calculation is simple, also you have to create a proper regulation and a set of policies, if then people, as well as the merchant, will get interested to be involved in this platform and Bitcoin will be a common platform for the purpose of payment. also, you need to ensure more and more adoption of Bitcoin around the people, I think it's not any difficult task to create this scenario around the whole world.
The volatility will not make people are a worry. It will not stop people from investing in bitcoin because they know that the volatility is part of the price itself. The company will think that, and they will have another solution to prevent volatility. They can accept the other coins. For example, they can accept stable coins like usdt, usdc, and else. I am sure when bitcoin already accepted in all countries, there will be a solution to solve the volatility matter. But to see bitcoin acceptance in all countries, it will need time, and it needs approval too from every government.
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.
Of course, that's a huge issue with bitcoin, but it also one of the best features of it and it was the reason why Bitcoin was the first ever big and popular crypto-currency. With decentralization, we are able to be given a lot more freedom, at the cost of governments and companies not really showcasing a lot of interest in those features.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.
Not sure if anyone has seen the news recently, but there has been a lot of new stablecoins that have been getting attention, they are easily to regulate and manage and I do think in the coming years we'll see a lot more adoption around that end and almost seen bitcoin being left behind by governments.
How we manage this will be a huge question now.
Well, if bitcoin volatility will decrease I think investors will also decrease because most of the bitcoin enthusiasts really want the volatility of bitcoin price in order for them to be able to have profit on trading short term or long term, and it and be able to get rich as well and that's the only way they can be able to achieve it because when the price drop down they will invest more and sell when the price double or triple it's value. Sometimes I am thinking about the whale who can able to manipulate the market.
Because volatility is an opportunity 
although most people consider it a risk, on the contrary, for those who understand the techniques of analysis and market movements it is a very good opportunity to take profit. There are risks, because the analysis sometimes misses. Whales, market makers, people who are very influential, might consider this like a game 
That is why I always say that bitcoin is not suitable as a means of payment. It can be used, but I think it is a waste, because bitcoin is more effectively used as an investment tool and commodity trading.
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 is true, but only if you hold bitcoins. Companies can still use it to accept payments, but only if they develop a system that would instantly convert bitcoin to fiat. For example, instead of paying through kiosks or other methods of payment for a specific bill or service, which often includes high transaction fees depending on local banking policies, consumers could pay to a bitcoin address of the company on exact amounts, without requiring that much fee since there are no intermediary except your wallet service provider. After the transfer is complete, it would automatically convert it to fiat to prevent volatility loss.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.
TLDR; It can still be a mode of payment if not holded as bitcoins. Fiat would still be the basis of value, but the mode of transfer is through bitcoins (depends on $ to BTC conversion at the moment of purchase), and then instantly converting BTC to $, to avoid fees of banks.
One of the reasons why most people like bitcoin is due to its volatility. People earn profit from bitcoin since the price is not stable and difficult to speculate. In case of adaptation, it will come naturally and who knows time will come bitcoin will be used as a medium of exchange and the price will not be that volatile as it is today once mass adaptation occurs and when it is used more as an alternative payment not an investment tool.
Accepting bitcoin as a merchant shouldn't pose any threat, a wallet that has either a stable-coin or fiat/bitcoin conversion wallet should be considered if one fears volatility, and the price should be locked over some time to ensure a fall in the price of bitcoin doesn't affect the merchant.
Locking bicoin is impossible as it is made to be decentralized and its being volatile is part of it , the better option for the merchants is to only accept stable coins so the amount will be still around the value paid which is only applicable if the merchat knows how to trade, if not then it might still be a hassle plus the fees needed in transactions. Only merchants who understands BTC importance in having easy transactions despite being volatile can consider BTC.
For bitcoin to get worldwide acceptance we are going to need global regulations on cryptocurrency to tackle the problem of price volatility. Without proper regulations on cryptocurrency, the bitcoin and altcoins can never get accepted worldwide. Many countries now ban bitcoin due to a lack of proper regulations.
If they don't want any risk, then they should not use Bitcoin. Use dollar instead. Volatility, we know it's the major problem regarding to cryptocurrency. There is no way this will go away because most of Bitcoin supplies are kept by whales.But if I were the company, why would I sold my Bitcoin at a lower price? That's absolutely a loss. But when it comes to rewards, 2x,3x and even 10x the profit you could get from holding Bitcoin and other cryptocurrencies. The higher the risks the better reward.
This is not a new problem and this got no solution for bitcoin because bitcoin will never hold a single price for even a hour.
First of all, Bitcoin adoption is needed to be increased. It is not just related to Bitcoin's volatility. It is also related to Bitcoin's different structure compared to fiat currencies. Governments always want to have control on the money. If they come across a system that they lost full control, they don't prefer it.
That volatility risk issue is one thing that makes establishments owners in hold regarding Bitcoin's acceptance as another more of payment, and we can't deny that. It actually nobody is forcing them to accept the way it was and that makes them also to ignore crypto. The massive adoption of Bitcoin as we observe is not just because of currency acceptance but in more investment outlook.
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.
That's right, volatility of bitcoin is a great hindrance to the global acceptance of it but i guess such companies can always convert their bitcoin to stable currencies such as tether. But i guess they all want to make profits when bitcoin rises so why complain when the market crushes lol. 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.
The major reason why there is huge volatility in the bitcoin market is that there are a small number of people to stabilize the market. The more people we have in the cryptocurrency market the less volatility we can have. Once bitcoin gets mass adoption by the people we can have a stable market.
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.
There's were you are going wrong mate. The mere fact that people are still pairing it's value to USD is where people are taking it all wrong.The goal is to use BTC while deriving it's own value and not comparing it to USD. If you buy a meal for 0.0005 BTC today then tomorrow it should be the same 0.0005BTC and not $4 USD. If we keep using BTC and don't compare it with fiat at all then there is no volatility at all !!!
There is a major issue which is becoming resistance in the way of Bitcoin to be accepted globally and it is its "Volatility".
In the near past we have seen Bitcoin dropping more than 15% in a matter of 3-4 hours. And there are a number of cases in the past like this.
This property is too much dangerous for any entity which is holding Bitcoin. If a company sells products/services of 10000$ 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.
I don't think that Bitcoin will be used as local currency because of its high volatility in the future. Stable coins may have more chance on this. Even though Bitcoin won't be local currency, it will be much more powerful compared to now and it will be one of the best options.
This is why there are centralized players in the market that you can use as merchant to not be subjected to the volatility risk. All the risk of the volatility is now the responsibility of centralized payment gateways, which on their turn hedge the risk of the price going down by shorting a portion of their coins. The more people pay with their coins, the more centralized payment gateways will short.
I honestly don't find there being much of a problem. Volatility has been a big thing for many years now, and it hasn't lead to less merchant adoption at all. In fact, today there are more merchants accepting Bitcoin than ever before. Not just some online shops, but big household names, and it will continue to grow.
Interesting development is that merchants found out that announcing support for Lightning payments leads to more traffic being drawn to their site.
I honestly don't find there being much of a problem. Volatility has been a big thing for many years now, and it hasn't lead to less merchant adoption at all. In fact, today there are more merchants accepting Bitcoin than ever before. Not just some online shops, but big household names, and it will continue to grow.
Interesting development is that merchants found out that announcing support for Lightning payments leads to more traffic being drawn to their site.
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