We have to admit that bitcoin is primarily an investment for many of the bitcoin holders and only use it as a currency for certain transactions. The stability of a currency plays a big role in determining how it can be considered a major currency, which bitcoin doesn't have at the moment because of its volatile nature.
Topic: Even now in 2017, why is bitcoin *still* not accepted as a major currency? - page 3. (Read 3241 times)
March 23, 2017, 03:22:43 AM
March 23, 2017, 03:12:27 AM
Doesn't make any sense TBH. We should've seen it starting to replace conventional currencies by now.
Because there are lot of people still don't know the real catch of bitcoin. Especially, the volatility of bitcoin is the reason sometimes why some of the business company don't like to absorb and accept bitcoin, due to maybe they are afraid of the fluctuation that they might gonna lose in the end.
March 23, 2017, 01:14:34 AM
Doesn't make any sense TBH. We should've seen it starting to replace conventional currencies by now.
Because there are lot of people still don't know the real catch of bitcoin. Especially, the volatility of bitcoin is the reason sometimes why some of the business company don't like to absorb and accept bitcoin, due to maybe they are afraid of the fluctuation that they might gonna lose in the end. 
March 22, 2017, 10:17:15 PM
Doesn't make any sense TBH. We should've seen it starting to replace conventional currencies by now.
Revolutions happen not at the speed we like but at the speed they can, bitcoin is gaining ground slowly, I think almost everyone in the forum would like this to be faster but it is what it is and we don't have too much of a choice but to wait for it.wait for who/what
oh for bitcoin to grow legs and a voicebox and walk into your local store and have a word with the manager..
remember YOU being here having bitcoin makes YOU part of bitcoin. if YOU want YOUR local store to accept bitcoin YOU and people near YOU and YOUR local store need to be the arms and legs and voicebox for bitcoin.
bitcoin protocol is just code. not a sentient being.
i done my part i can buy food pay bills etc and helped a few businesses and individuals with bitcoin. i havnt needed to look at my fiat bank balance since 2012-2013
if everyone done something in their area the butterfly effect would see faster results.
if everyone sat on their hand waiting for bitcoin sentient protocol to do it all....... well.. you can wait as long as you like
March 22, 2017, 09:38:22 PM
Doesn't make any sense TBH. We should've seen it starting to replace conventional currencies by now.
Revolutions happen not at the speed we like but at the speed they can, bitcoin is gaining ground slowly, I think almost everyone in the forum would like this to be faster but it is what it is and we don't have too much of a choice but to wait for it.wait for who/what
oh for bitcoin to grow legs and a voicebox and walk into your local store and have a word with the manager..
remember YOU being here having bitcoin makes YOU part of bitcoin. if YOU want YOUR local store to accept bitcoin YOU and people near YOU and YOUR local store need to be the arms and legs and voicebox for bitcoin.
bitcoin protocol is just code. not a sentient being.
i done my part i can buy food pay bills etc and helped a few businesses and individuals with bitcoin. i havnt needed to look at my fiat bank balance since 2012-2013
if everyone done something in their area the butterfly effect would see faster results.
if everyone sat on their hand waiting for bitcoin sentient protocol to do it all....... well.. you can wait as long as you like
March 22, 2017, 09:12:31 PM
Doesn't make any sense TBH. We should've seen it starting to replace conventional currencies by now.
Revolutions happen not at the speed we like but at the speed they can, bitcoin is gaining ground slowly, I think almost everyone in the forum would like this to be faster but it is what it is and we don't have too much of a choice but to wait for it. 
March 22, 2017, 04:37:29 PM
In the real world, no seller wait a confirmation with things bellow 200 USD ...
Is this the #alternativefacts real world you're on about? Because in the actual real world I live in, buying things like drinks at a cafe using Bitcoin the checkout person DOES wait for at least 1 confirmation, and the process isn't anywhere near as fast as you'd like people to believe.
Lets get a bit of realism in here, Bitcoin has a long long LOOOOONG way to go to challenge the likes of VISA as an everyday purchasing tool.
Would I like to see Bitcoin be as good as VISA? hell yes that would be amazing! Because I like Bitcoin, but does it currently? hell no. Should it? Well, maybe or maybe not, maybe Bitcoin should never try to be like VISA at all, maybe thats not its calling.
March 20, 2017, 03:58:05 AM
Doesn't make any sense TBH. We should've seen it starting to replace conventional currencies by now.
We are not seeing it as a currency for the same reason that we are not seeing gold coins or Apple shares as a currency.Bitcoin isn't a currency. It is a highly mobile commodity. You can pay in bitcoins but the seller actually wants $$$ , not btc.
All three come close to a currency, bullion coins since millennia, Apple shares just since some decades and Bitcoin since years. People recognized their value! Just to "replace" a currency you would need to apply lethal force. Something "official" in the workings.
March 20, 2017, 03:21:51 AM
Price of bitcoin is not stable at all. Even if the price of bitcoins hit high so much , the price of bitcoins have gone down a lot and there s nothing that the price of bitcoins would go up at all or not .we have to wait and see whats next .
March 20, 2017, 02:12:30 AM
Doesn't make any sense TBH. We should've seen it starting to replace conventional currencies by now.
The price of the bitcoin itself is one of the issues why businesses aren't accepting it just like that. Today he invests over 100k dollars into btc, tomorrow the price drops from 1200$ to 900$ and he has lost money, and no one likes loosing money. So, he'll keep it safe and not invest ito btc right now or not so much. I've talked to the few businesses about implementing bitcoin and one issue that all of them stated was the significant price drops and rises.
March 20, 2017, 12:55:17 AM
Doesn't make any sense TBH. We should've seen it starting to replace conventional currencies by now.
It is because bitcoin is not yet authorize by each government and there were countries that banned of using it so people are trying to talk less it I guess that is one reason. And some might think its an illegal source of money. But soon everyone will change their point of view and bitcoin will be accepted as major currency.
March 20, 2017, 12:51:46 AM
Maybe because bitcoin still need more improvement especially in terms of long transaction process.We cannot guarantee those transaction with slower confirmation.
March 20, 2017, 12:40:24 AM
Doesn't make any sense TBH. We should've seen it starting to replace conventional currencies by now.
as far as i can remember bitcoin has never been planning on "replacing" conventional currencies. you can see topics about when will it happen but they are just random users talking about it.
and the reason it is not accepted as a currency yet are these:
- people don't want to spend their coins, they want to HODL and make profit (more fiat!!!).
- the price is volatile so that may scare some people from seeing bitcoin as a currency.
- there aren't enough shops accepting it and the big ones like Amazon for example doesn't still allow bitcoin.
A Scene at my local grocery:
me: let me pay for my milk with bitcoin here
cash register person: Hmm...OK
me: I scanned my bar code, so it is done
cash register person: i don't see a confirmation
me: let's wait a little
people in line: grumble, grumble, grumble
cash register person: Mr, please stay aside
me, 13 min later: what's the heck...forget about it...here is $5
Right there is the problem ... couldn't be better explained !me: let me pay for my milk with bitcoin here
cash register person: Hmm...OK
me: I scanned my bar code, so it is done
cash register person: i don't see a confirmation
me: let's wait a little
people in line: grumble, grumble, grumble
cash register person: Mr, please stay aside
me, 13 min later: what's the heck...forget about it...here is $5
actually he is explaining a very hypothetical situation. and if you or him ever tried buying something with your bitcoin in real life you could have known this too.
March 20, 2017, 12:22:36 AM
why would i care if bitcoin is accepted in a local store?
In it's current state it would be COMPLETELY retarded
A Scene at my local grocery:
me: let me pay for my milk with bitcoin here
cash register person: Hmm...OK
me: I scanned my bar code, so it is done
cash register person: i don't see a confirmation
me: let's wait a little
people in line: grumble, grumble, grumble
cash register person: Mr, please stay aside
me, 13 min later: what's the heck...forget about it...here is $5
Right there is the problem ... couldn't be better explained !
March 20, 2017, 12:21:24 AM
I think bitcoin is still not accepted as major currency in the world because we have so low blocksize capacity and there's no chance we can get it any time soon
March 20, 2017, 12:16:35 AM
Doesn't make any sense TBH. We should've seen it starting to replace conventional currencies by now.
i am not sure for now, bitcoin need more to replace conventional currencies, people should use bitcoin in every where and need to be approve by the government. but if its just for the internet currency, i think bitcoin will be stronger than other because of the easy and simple to use bitcoin and we should help bitcoin to be known by many people.
March 20, 2017, 12:13:24 AM
There are more and more people using bitcoin. Bitcoin is the top currency in deep web. I promote the currency in my blog to increase awareness and in my YouTube channel too I promote it. Give it time it will catch up.
March 20, 2017, 12:00:48 AM
Most of the people who earn or buy Bitcoin, don't want to use it as a currency. Although it is a currency and holds good value but people think it as an investment rather than using it.
I have talked some merchants who use it as a payment gateway, they actually fear of dump and pump..
I have talked some merchants who use it as a payment gateway, they actually fear of dump and pump..
March 19, 2017, 11:47:46 PM
The simplest answer would be because it is not user friendly as of yet, so transactions that take time are not feasible for normal people in normal daily life barter system.
So I think it has to improve a lot before it is acceptable at local stores world wide. Its not people, its the bitcoin and the technology that is not letting it compete with fiat as of yet.
So I think it has to improve a lot before it is acceptable at local stores world wide. Its not people, its the bitcoin and the technology that is not letting it compete with fiat as of yet.
March 19, 2017, 11:28:42 PM
Because bitcoin has a volatile price and governments wont accept it if they have no control of this currency that is run by the people itself so they rather stick to their fiat currencies.
And also that's why the etf was not been approved because of its decentralized and it's anonymous features they said before they approved the etf they need one requirement: to be able to track the users that's using this currency.
And also that's why the etf was not been approved because of its decentralized and it's anonymous features they said before they approved the etf they need one requirement: to be able to track the users that's using this currency.
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