Do you think that Bitcoin could become a popular payment method? - page 2.

Ahimoth

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Quote from: RuslanSamui on April 18, 2018, 02:14:39 PM

Hello everyone, most likely bitcoin will not be the most popular way of payment, but another crypto currency will be very popular! For example, an etherium!

Yes, I believe in that. It is actually now starting to be accepted by some stores now. And seeing that there is a potential in the future for bitcoin, this is a great possibility. Though maybe not for very small purchases because the value of bitcoin is very volatile.

RuslanSamui

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Hello everyone, most likely bitcoin will not be the most popular way of payment, but another crypto currency will be very popular! For example, an etherium!

recklessMe

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Quote from: joaco on February 21, 2018, 09:07:46 AM

Today I was reading on The Wall Street Journal an interview to John Rainey, CFO of Paypal. He said that Bitcoin will probably become a popular payment method in the future, but right now it's too volatile to use it as a currency.

My opinion is the same about volatility. Right now we can't use it as a currency because of its price changes, but I don't know if Bitcoin will ever have the stability needed.

There are lots of agents manipulating its price all the time, so I don't know if it will be ever possible to use it one day as a payment method. It's like trying to use gold to pay for something. As long as we compare BTC with USD it will never be a currency.

What do you think?

I think so, but not in the near future. It should undergo a number of improvements to become faster and more scalable to be used for day-to-day transactions. There are some companies that accept bitcoins as payment already, but on a large scale it is insignificant

fetokun

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Once bitcoin reaches a much bigger market cap than the current one. Its going to be a lot harder to manipulate the price as a huge amount of money will be needed to do so and that should stabilize the bitcoin price.

Fire316

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Yes,actually it is already used as payment here in our country. We don't need to walk or ride just to pay our bills and even buy loads as long as we have bitcoin we can pay right away even we are just sitting in our house. It is very useful and easy. I believe it will become more popular someday to be use as payment method. Volatility of bitcoin is not the problem as long as the company or store or someone who accept bitcoin as payment could take the risk.

mico

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i think that with its technology and advantages, it will become official currency in few next years. but now, it still has some disadvantages about high fee, block size and transaction speed

shinchan123

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Yes, I think that bitcoin could become a good and preferred payment method in the future, but the only problem to this is that people are not ready to do this yet because they cannot predict what would be the consequences of doing the said plan. Perhaps in a few years this would be applicable.

Jimmy palumbo

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I think the bitcoin can be a wide range of means of payment, but not now, because now the bitcoin is still faced with many problems, so when the thunder network to solve these problems, so the bitcoin can be widely pay tool.

Usafstar

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i agree that bitcoin will become the most popular method of payments in the future like now if we do some major changes in the economy for the time being if the country allow bitcoin and the online businesses should start accepting this money so this will be a good way to make money and for us bitcoin is the good way for investment. and this is not only for me but all the users are happy with this.

eoolm

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Yes, I think that will be achieved in the future. This is the future direction of Bitcoin. The digital nature of Bitcoin determines that it will become a payment method in the future.

fairytale

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Quote from: TeksLaban on March 11, 2018, 01:30:23 AM

yes. bitcoin is now starting to be popular as a payment method. in our country, Philippines it not yet popular but i mnow that someday it will eventually happen.

I heard so, aside from payment method it is also used as a tool for sending money remittances. they find it effortless they just have to connect on the internet without having to fall inline. less hustle with a cheaper charge. bitcoin will go a long way with the potential it has.

lamadu3

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Quote from: joaco on February 21, 2018, 09:07:46 AM

Today I was reading on The Wall Street Journal an interview to John Rainey, CFO of Paypal. He said that Bitcoin will probably become a popular payment method in the future, but right now it's too volatile to use it as a currency.

My opinion is the same about volatility. Right now we can't use it as a currency because of its price changes, but I don't know if Bitcoin will ever have the stability needed.

There are lots of agents manipulating its price all the time, so I don't know if it will be ever possible to use it one day as a payment method. It's like trying to use gold to pay for something. As long as we compare BTC with USD it will never be a currency.

What do you think?

I will also join the group of guys, which suppose that Bitcoin can be used widely as the payment system, but it will not happen very soon. Due to BTC volatility, many people are not yet ready to risk so very much.

mhsingh

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It is difficult to predict whether bitcoin will have a stable value and whether it will become a payment method. The fact that bitcoin and blockchain technology have a great future - there is no doubt, but at the moment it is difficult to imagine that most people will want to take bitcoin as a means of payment.

TeksLaban

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yes. bitcoin is now starting to be popular as a payment method. in our country, Philippines it not yet popular but i mnow that someday it will eventually happen.

Dexion

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yes, we must wait for the value of bitcoin back stable, I think the bitcoin value manipulation always happens every time, so the solution is that bitcoin requires the subject to adopt bitcoin well.

I think when legal bitcoin becomes a tools of payment and is managed by a country, it will minimize the manipulation of bitcoin values.

zaytsevsasha654

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Only a small proportion of all transactions on the Bitcoin network are clearly illegal, and possibly criminal. Most transactions are carried out by people buying and selling coins on stock exchanges

lorylore

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Bitcoin is getting more and more popular as payment method but the fee is currently too high at the moment and it takes a long time to get verified.

so this is the two things it needs to settle. however, to get approval from everyone is not easy so it will definitely takes some time.

Vektrum

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Maybe bitcoin might be a popular method of payment for goods and services, but not now, when it has low scalability, hanging transactions and high commission fees.
In order for bitcoin to be suitable for this, he needs to eliminate the above disadvantages, which now lead to the fact that he recently lost much of his popularity.

RVA

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Most people are used to keeping real money in their hands to change their minds need time, perhaps in the future bitcoin will become a popular method of payment, but for now this is an investment.

nelson4lov

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Yes, Bitcoin would be a popular payment method for global settlement in some years time. I believe the technology is still at infant stages and it is prone to slow transaction times and high transaction costs. If this is improved, We would see bitcoin accepted widely.

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