Topic: Do you think that Bitcoin could become a popular payment method? - page 3. (Read 640 times)
February 21, 2018, 04:41:55 PM
I agree with you, Bitcoin is designed to be used as a currency and it is in perfect position to become a future monetary system, but right now we cannot use bitcoin as a currency due to its volatility, one of the basic requirement of a good currency is stability, the more stable a currency is, the more reliable and resistant to inflation it is. Right now bitcoin could only be used as an asset where you can grow your money through investment.
February 21, 2018, 04:33:46 PM
Some startups also experiment using bitcoin for micropayments. The very idea of micropayments - to finance media, prompting users to make small payments for content - is quite old and for a long time from it there was no recoil. However, now there was a hope that new start-up projects (including the new Brave web browser) can finally make this model work.
February 21, 2018, 04:25:05 PM
What if governments change their current system, which is only good for you know who, but I'm not going into that now, and put the cryptocurrency into mainstream.
Volatility is not the problem. It is a problem for current system, but that could be changed. Well, for the benefit of the poor, but the rich people do not like it.
Volatility is not the problem. It is a problem for current system, but that could be changed. Well, for the benefit of the poor, but the rich people do not like it.
February 21, 2018, 04:08:01 PM
Yes, I think bitcoin will be but not soon. It will take a long time where bitcoin is illegal in many countries When those countries will understand what is bitcoin and what bitcoin can do then they will accept bitcoin. And after then bitcoin will accept in everywhere includes payment systems. It's just my opinion and dream
February 21, 2018, 04:02:16 PM
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?
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?
Yes the Volitile price really will be the barrier to make the bitcoins a payment method. So let's wait for that if it's a payment method to make our transactions faster. Right now we just hold on because something sure will increase the price of bitcoins
February 21, 2018, 03:30:47 PM
Honestly, It is very expected that Bitcoin will become a popular payment method, but in this period the problem is that the price of this currency is unstable. Furthermore, many countries reject the existence of Bitcoin and they always try to destroy it, and some of them are afraid to continue their development, so I think that this rejection continues, but it will end after some years (1-2 years).
On the other hand, the capitalists (who have a huge amount of Bitcoin) are manipulating the price of Bitcoin, to achieve their interests, through developing their profit in a long term. So this idea will not be achieved in this period, but hopefully that there will be a good surprise in the near future.
On the other hand, the capitalists (who have a huge amount of Bitcoin) are manipulating the price of Bitcoin, to achieve their interests, through developing their profit in a long term. So this idea will not be achieved in this period, but hopefully that there will be a good surprise in the near future.
February 21, 2018, 03:08:55 PM
It needs more time because the price is not stable at all right now so people could think it is a big risk to pay with their coins now. In time bitcoin can become a popular payment method
February 21, 2018, 03:04:31 PM
Bitcoin seems to be popular, but Bitcoin seems to be popular for a while, but I'm sure it will definitely be because Bitcoin has been used for long-term investment purposes, involving multiple sub-units and providing millions of people with a wealth of wealth and millions of people it starts itself but I think the dollar looks like a lot of money beside Bitcoin.
February 21, 2018, 02:45:25 PM
Cryptocurrency transactions should be more user friendly to get wide acceptance. It is still too unsafe and complicated for ordinary computer illiterate people to use.
February 21, 2018, 02:45:05 PM
Probably in a few years when all problems btc is facing internal are fixed then can we say we are ready to have bitcoin as an everyday payment method, wouldn't want to hear that other big companies are dropping it because transactions fees are high or customers or business need to wait for hours to get transactions confirmed..a few years we should be ready to hit the big stage.
February 21, 2018, 02:44:24 PM
Yes! For the bitcoin and other crypto-currencies, the future! I think that in 10 years we will remember with a smile, the time when we were afraid to buy crypto-currency, because it was considered risky ...
February 21, 2018, 02:39:04 PM
With bitcoin we have entered into a new era of financial markets. Even if bitcoin won't be used in payment systems, for sure blockchain technology will play a critical rule in payment systems. This is a technology that cannot be ignored.
February 21, 2018, 02:33:19 PM
February 21, 2018, 01:59:20 PM
Yes it could, as soon as its embraced by institutions and governments then there will be nothing that will stop it. The big concern still lies on its legislation, but this wont go on for too long. The ones who have used it as a form of payment has nothing but praise for it. so i think it will be popular once it gets past the hurdles its going through now.
February 21, 2018, 01:53:11 PM
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?
Bitcoin is already a popular payment method in many places. Restaurants in major cities, online shops, you can even buy cars and apartments. Travel bringing and me for 10-15 minutes different amounts of money. 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?
February 21, 2018, 01:50:34 PM
More and more places appear on the reception of crypto currency! There used to be paper money, then came credit cards, and now it's the century of new money! Crypto money is a new era of money! It will be very good if this currency will be accepted at every corner! And I'm sure that it will be very scoffish!
February 21, 2018, 01:34:54 PM
Yes! Definitely, it can be a global digital currency for all overseas transaction across the globe.
February 21, 2018, 01:23:36 PM
I think in the future bitcoin will be used as a method of payment that is great in gemari and many in use in various worlds, I am sure after bitcoin already until the price of bitcoin peak will be stable.
So now gather as much bitcoin as possible and save it until bitcoin is used for payment methods around the world and I believe if you do that you can become a very rich millionaire.
And that thing could be possible if we will just let ourselves to do this one, yes of course it gonna happen if we will just believe that it will happen, if that happens, bitcoin will become more popular and when used as payment method then we will have higher demands. So now gather as much bitcoin as possible and save it until bitcoin is used for payment methods around the world and I believe if you do that you can become a very rich millionaire.
February 21, 2018, 01:11:22 PM
I think in the future bitcoin will be used as a method of payment that is great in gemari and many in use in various worlds, I am sure after bitcoin already until the price of bitcoin peak will be stable.
So now gather as much bitcoin as possible and save it until bitcoin is used for payment methods around the world and I believe if you do that you can become a very rich millionaire.
So now gather as much bitcoin as possible and save it until bitcoin is used for payment methods around the world and I believe if you do that you can become a very rich millionaire.
February 21, 2018, 01:01:56 PM
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?
It will take time for bitcoin to become popular payment option as many people are yet to understand the concept and government of many countries are still in against of bitcoin.No big company like paypal of any other popular company will not take risk of going against the government as it will affect their business. 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?
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