Yes, if more people do.btc so btc could be popularpayment.
Topic: Do you think that Bitcoin could become a popular payment method? - page 4. (Read 623 times)
February 21, 2018, 12:59:11 PM
February 21, 2018, 12:16:48 PM
I think bitcoin is a bit popular for recognizing payment method it in different countries and paying for it a lot of things when you buy. but there are still countries where it is not acceptable to pay for in-depth reasons, it is only accepted as to banks when you withdraw or exchange the bitcoin to peso.
February 21, 2018, 11:33:54 AM
Of course it is possible to happen because Bitcoin is created to be a payment method. But there are reasons why until now Bitcoin is not yet accepted by most company, business, retailers as payment, it is because the price of Bitcoin is not stable and it moves faster (up and down) than any other currency. Another reason is people/investors might not want to use their Bitcoins to purchase something because the value of it can grow as time goes by. If Bitcoin will be a more stable coin there will be no reason for any services to avoid it, but I doubt that it will because it is also an investment/asset.
February 21, 2018, 11:23:20 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?
yes it is a popular payment method.Because it is a very exceptional coin. if I payment a large amount in, I give a few number of bitcoin. so it is very easy for us.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 it possible to happen that bitcoin could become a popular payment method because all of us espeacially pilipino people want improvement to our country and i think that was a right way to do and as i feel it will happen soon and if the government approve on it.
February 21, 2018, 10:52:22 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?
yes it is a popular payment method.Because it is a very exceptional coin. if I payment a large amount in, I give a few number of bitcoin. so it is very easy for us. 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, 10:40:44 AM
Actually it's created like that and that's why it's so popular i think the earnings here and the knowledge are the additional only of what crypto create by someone,Moreover enjoy all what can bitcoin brings to us and always think or move forward where you can get benefits of it another thing this is like life so the value of it is so important.
February 21, 2018, 10:33:19 AM
What I am going to say now, is not going to go off very well, but it is a temporary solution. Most merchants can use Payment
processors to counter volatility. You pay the Payment processor and the Payment processor convert the bitcoins immediately
to Fiat cash. This method eliminate the impact of volatility, because the merchant gets the Fiat price for the item it sold. I
know it is not a ideal solution, but it will work for now, until the volatility has decreased.
processors to counter volatility. You pay the Payment processor and the Payment processor convert the bitcoins immediately
to Fiat cash. This method eliminate the impact of volatility, because the merchant gets the Fiat price for the item it sold. I
know it is not a ideal solution, but it will work for now, until the volatility has decreased.
February 21, 2018, 10:25:13 AM
How would you solve volatility problems in new currencies? Backing it with something?
The volatility can be looked from the angle of regulation or control. This is one thing that will help to stable the coin. And when it goes up , it would still be within reach.
IF the volatility stops and the coin will be stable, then it is not bitcoin anymore.
This is one of the reasons why bitcoin created by Satoshi Nakamoto, this person wants to give the power to the people all over the world to dictate the price of the coin or currency and will never be stable and controlled by anyone especially banks and government.
February 21, 2018, 10:21:27 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.
What do you think?
What do you think?
I do not think it will ever replace option like PayPal. In case of Paypal we have instant transfer and buyers are protected as well. If they make it instant transfer for bitcoins, then we can see some change.
February 21, 2018, 10:20:24 AM
Bitcoin is the most popular Cryptocurrency and if other alternate coins gets to have the chance to be used as payment for transactions, then so will Bitcoin because it is a basis for other Cryptocurrencies in the industry. If the markets starts to be knowledgeable about the programs that Blockchain technology will have then that would be utilized in a way that many can benefit from.
February 21, 2018, 10:13:57 AM
Maybe it can and or maybe it is, bitcoin was an acceptable method of payment on steam, g2a and many more websites too but currently for some reasons steam has stopped accepting bitcoin as a method of payment. Many porn websites are also coming forward towards accepting cryptocurrencies as a payment method.
February 21, 2018, 10:05:34 AM
Bitcoin is already popular all around the world but people are using it as an asset rather than currency because of its speculative nature.But I think it will be used as a payment system in some years.Now the merchants are afraid to take bitcoin as a payment because of its price volatility if the price will get stabilized at one time them people will start use it as a currency.We also need to support altcoins too if we want bitcoin to be used as a currency because if people buy only the bitcoin then it will get too expensive and it will always be considered as asset.
February 21, 2018, 10:02:43 AM
Bitcoin and become a celebrity as Britney Spears, with such a jump and turn of the aulditoria.
February 21, 2018, 09:56:58 AM
Yes, it will become popular as a payment method because it is well known in the different countries like here in the Philippines. It is easy to use in online transactions, that's why it would become more popular
Since we're now in a era where technology are surrounds us and it was spreading and people also easily get it and accept it so I guess it's not impossible that bitcoin could become a popular method of payment in the near future most especially in terms of online businesses which is the new trend of business too today. February 21, 2018, 09:53:12 AM
Yes, it will become popular as a payment method because it is well known in the different countries like here in the Philippines. It is easy to use in online transactions, that's why it would become more popular
February 21, 2018, 09:52:39 AM
Do you think that Bitcoin could become a popular payment method?
That’s the hope young padawan, it’s going to take a while until we gain mass mainstream adoption. It’s the one hope we all have though.
That’s the hope young padawan, it’s going to take a while until we gain mass mainstream adoption. It’s the one hope we all have though.
February 21, 2018, 09:52:35 AM
no it is nothing like gold. because you can never use gold dust to buy something even if it is valuable since the other party can not easily verify the authenticity of the gold dust. it may be rust for all he knows. but with bitcoin he can easily verify it and never get scammed and you can use a small amount of bitcoin 
I was referring to its value. Of course Bitcoin is better than gold thanks to blockchain technology.
I can see that you like giving answers looking for irrelevant details... What do you think about my question?
if it is irrelevant why did you say it
and i already voted, i forgot to also mention it in my comment. .... i think it will be a popular payment method in a couple of years. specially with Lightning Network active and possibility of fast and cheap micro payments. and as bitcoin grows more, its price becomes more stable and that helps with the first part of my last comment, it removes part of the greed so people are more willing to spend it.
February 21, 2018, 09:49:14 AM
In the far future it may, considering the bubble doesn't pop. CFO of paypal did say recently that its might become a payment method.
In the coming years, at-least in next 5 years, i don't see this happening! Its not even legal in most of the countries yet and community owning BTC or alt coins is very less compared to the huge 7 billion population. So it will definitely take some time.
In the coming years, at-least in next 5 years, i don't see this happening! Its not even legal in most of the countries yet and community owning BTC or alt coins is very less compared to the huge 7 billion population. So it will definitely take some time.
February 21, 2018, 09:38:14 AM
Yes, especially for bigger purchased online, like bulk of cooking equipment, since sending cash or check on the bank is a hassle, why not make transaction with cryptos?
February 21, 2018, 09:37:47 AM
Yes. This was much anticipated. According to the development trend of bitcoin. Young people today know bitcoin more and more. Some markets have accepted bitcoin in payment as Japan. This is a sign that in the future will develop more applications to meet the needs of consumers in bitcoin. I hope this happens as soon as possible.
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