Topic: Is Bitcoin Dying as a Payment Option? - page 3. (Read 591 times)
This can be true, I really think that bitcoin's main purpose is to serve as a payment option and to ease transactions without the hassle of using banks and remittance services. However, some people view bitcoin as a currency or an asset to hold for future income.
Some beginnings are weak and people will not give them credit but it is not too late for the bitcoin payment methods. It will work
Steam, the gaming platform, also canceled its use of Bitcoin as a payment system in early December last year. Their reasons resonated with the general consensus, citing high fees and incredible volatility as the main issues.[1]
Do you think bitcoin will back to be used as Payment Option or digital gold will be used as an investment?
Source : https://cointelegraph.com/news/is-bitcoin-dying-as-a-payment-option
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Its sounds interesting to me why. Since December last year was the peak season for bitcoin price and Steam still exclude bitcoin? Anyway, can’t blame them maybe they already foresaw that is is going to decline dramatically after Chrsitmas season.
six months ago companies were looking to integrate Bitcoin as a payment system, in the fast-paced cryptocurrency ecosystem, things have changed dramatically.
Now, there is a host of companies either turning away from Bitcoin or doing a full U-turn. Microsoft recently announced that after almost three years it would stop accepting Bitcoin. However, it did reserve that position after taking its own steps to: “ensure lower Bitcoin amounts would be redeemable by customers.”
Steam, the gaming platform, also canceled its use of Bitcoin as a payment system in early December last year. Their reasons resonated with the general consensus, citing high fees and incredible volatility as the main issues.[1]
Do you think bitcoin will back to be used as Payment Option or digital gold will be used as an investment?
Source : https://cointelegraph.com/news/is-bitcoin-dying-as-a-payment-option
Now, there is a host of companies either turning away from Bitcoin or doing a full U-turn. Microsoft recently announced that after almost three years it would stop accepting Bitcoin. However, it did reserve that position after taking its own steps to: “ensure lower Bitcoin amounts would be redeemable by customers.”
Steam, the gaming platform, also canceled its use of Bitcoin as a payment system in early December last year. Their reasons resonated with the general consensus, citing high fees and incredible volatility as the main issues.[1]
Do you think bitcoin will back to be used as Payment Option or digital gold will be used as an investment?
Source : https://cointelegraph.com/news/is-bitcoin-dying-as-a-payment-option
As of now i don't think bitcoin will be a viable source for payments. High fees and it takess time to confirm transfer of your bitcoin. If they can iron out these kinks then maybe it can be a new payment system worldwide
For now other merchants used it as payments but when we consider bitcoin to be in the mainstream it should progress though the quickness of the transaction. The fee is too much high and it will discourage to some. Its better to consider to lower the fees so there would be more and more people would like to use it as payment.
It's not dying as payment option just because those companies don't accept bitcoin anymore. There's a lot more people using bitcoins nowadays. The volatility may be bad for big companies because bitcoins price drop would be a great loss to their earnings.
bitcoin will be back as a payment option if the bitcoin price go lower, but now its not recommend for bitcoin as payment option because of the high fee I think they should add dogecoin as a payment option its very low fee.
Its very difficult to say this at this juncture, we are still in the midway and lots more is yet to come from btc.Many countries governments are exploring the usage of btc as well in all the scenarios and most probably we may see some good results in the future as well. All is i can say is the usage when made regulated would actually bring the currency in force and ensure the payment option hopes is still alive. Lets see what we can expect in the near future, i m not losing my hopes instead would wait patiently and watch out for the performances.
I think the dynamics have changed since the first time the OP posted this thread and many will be having a different view right now because the price has significantly improved over the time and it seems to be gaining more strength in recent times and who knows the investor confidence is gradually coming back and many more people around the world will invest hereafters and have this recent growth sustained for a long time.
The dynamics haven't changed at all. None of the merchants who dropped bitcoin as a payment option have changed their minds. But a few have enabled Ethereum and Litecoin...
bitcoin for legitimate payment options is very difficult to remember not all places accept payment with bitcoin, because bitcoin prices are unstable makes bitcoin difficult to accept as a payment option
Quote
Hypothetically, bitcoin could succeed as real money, but in practice it will be an uphill battle due to countless obstacles standing in cryptocurrency’s way, said Goldman Sachs in a report.
That is a quote from an article posted today on Kitcohttp://www.kitco.com/news/2018-01-11/Could-Bitcoin-Succeed-As-A-Form-Of-Money-Goldman-Weighs-In.html
It is been Very true that Bitcoin is some kind of currency used as a new way of payments in any online transaction. It is not dying as what you are fearing of. As a matter of fact it is a has been using by so many big companies in advertising and campaign through social media. It is continously growing as big companies starting to like and give support to Bitcoin. Most people then get benefits on it.
I think the dynamics have changed since the first time the OP posted this thread and many will be having a different view right now because the price has significantly improved over the time and it seems to be gaining more strength in recent times and who knows the investor confidence is gradually coming back and many more people around the world will invest hereafters and have this recent growth sustained for a long time.
Quote
Hypothetically, bitcoin could succeed as real money, but in practice it will be an uphill battle due to countless obstacles standing in cryptocurrency’s way, said Goldman Sachs in a report.
That is a quote from an article posted today on Kitcohttp://www.kitco.com/news/2018-01-11/Could-Bitcoin-Succeed-As-A-Form-Of-Money-Goldman-Weighs-In.html
It is been Very true that Bitcoin is some kind of currency used as a new way of payments in any online transaction. It is not dying as what you are fearing of. As a matter of fact it is a has been using by so many big companies in advertising and campaign through social media. It is continously growing as big companies starting to like and give support to Bitcoin. Most people then get benefits on it.
I think its not dying just because some payment method or transaction stop it but bitcoin is very popular now so that in near future bitcoin will be use as a payment option in worlwide
I don't think bitcoin payment system would die or vanish this early. Bitcoin have only been starting to be widely known and industries is starting to explore its potential as payment system.
Its true and I believe if bitcoin die, cryptomarket will collapse. We should support this great technology so we can still see bitcoin and the future and can enjoy this innovation. Bitcoin are just started to introduced himself and I believe more time will come with the cryptomarket and bitcoin will make our life more convenient.
In my opinion, bitcoin has become some sort of a crypto store of wealth, some kind of crypto-gold. With the increase in transaction cost due to the scalability issue, bitcoin will be a bad means of payment for the exchange of goods and services.
if demand is getting more and more, I think reasonable if transaction fee will go up. If the comparison is not far from the previous cost, I think that's normal. 
Many big companies have stopped bitcoin simply because it is volatile and is slow to transfer money.
So when the lightning network is deployed, these problems will be solved, and I think it's still possible to use bitcoin as a means of payment.
So when the lightning network is deployed, these problems will be solved, and I think it's still possible to use bitcoin as a means of payment.
six months ago companies were looking to integrate Bitcoin as a payment system, in the fast-paced cryptocurrency ecosystem, things have changed dramatically.
Now, there is a host of companies either turning away from Bitcoin or doing a full U-turn. Microsoft recently announced that after almost three years it would stop accepting Bitcoin. However, it did reserve that position after taking its own steps to: “ensure lower Bitcoin amounts would be redeemable by customers.”
Steam, the gaming platform, also canceled its use of Bitcoin as a payment system in early December last year. Their reasons resonated with the general consensus, citing high fees and incredible volatility as the main issues.[1]
Do you think bitcoin will back to be used as Payment Option or digital gold will be used as an investment?
Source : https://cointelegraph.com/news/is-bitcoin-dying-as-a-payment-option
Now, there is a host of companies either turning away from Bitcoin or doing a full U-turn. Microsoft recently announced that after almost three years it would stop accepting Bitcoin. However, it did reserve that position after taking its own steps to: “ensure lower Bitcoin amounts would be redeemable by customers.”
Steam, the gaming platform, also canceled its use of Bitcoin as a payment system in early December last year. Their reasons resonated with the general consensus, citing high fees and incredible volatility as the main issues.[1]
Do you think bitcoin will back to be used as Payment Option or digital gold will be used as an investment?
Source : https://cointelegraph.com/news/is-bitcoin-dying-as-a-payment-option
I do not see bitcoin dying even in a sense of using it as a payment. As far as I know bitcoi is used by so many people who are in this generation that prefer using some sorts of technology. And as time goes by, many people was added unto this population, nog subtracted or divided.
six months ago companies were looking to integrate Bitcoin as a payment system, in the fast-paced cryptocurrency ecosystem, things have changed dramatically.
Now, there is a host of companies either turning away from Bitcoin or doing a full U-turn. Microsoft recently announced that after almost three years it would stop accepting Bitcoin. However, it did reserve that position after taking its own steps to: “ensure lower Bitcoin amounts would be redeemable by customers.”
Steam, the gaming platform, also canceled its use of Bitcoin as a payment system in early December last year. Their reasons resonated with the general consensus, citing high fees and incredible volatility as the main issues.[1]
Do you think bitcoin will back to be used as Payment Option or digital gold will be used as an investment?
Source : https://cointelegraph.com/news/is-bitcoin-dying-as-a-payment-option
Now, there is a host of companies either turning away from Bitcoin or doing a full U-turn. Microsoft recently announced that after almost three years it would stop accepting Bitcoin. However, it did reserve that position after taking its own steps to: “ensure lower Bitcoin amounts would be redeemable by customers.”
Steam, the gaming platform, also canceled its use of Bitcoin as a payment system in early December last year. Their reasons resonated with the general consensus, citing high fees and incredible volatility as the main issues.[1]
Do you think bitcoin will back to be used as Payment Option or digital gold will be used as an investment?
Source : https://cointelegraph.com/news/is-bitcoin-dying-as-a-payment-option
Maybe because of high transaction fees, which I think is one of the disadvantages. Some would say make big transactions so fees will be worth it, but it won't always be like that.
One more is that processing transactions take a lot longer, where some businesses can't afford to wait that long.
six months ago companies were looking to integrate Bitcoin as a payment system, in the fast-paced cryptocurrency ecosystem, things have changed dramatically.
Now, there is a host of companies either turning away from Bitcoin or doing a full U-turn. Microsoft recently announced that after almost three years it would stop accepting Bitcoin. However, it did reserve that position after taking its own steps to: “ensure lower Bitcoin amounts would be redeemable by customers.”
Steam, the gaming platform, also canceled its use of Bitcoin as a payment system in early December last year. Their reasons resonated with the general consensus, citing high fees and incredible volatility as the main issues.[1]
Do you think bitcoin will back to be used as Payment Option or digital gold will be used as an investment?
Source : https://cointelegraph.com/news/is-bitcoin-dying-as-a-payment-option
as of now, bitcoin cannot recover yet from the long run correction, maybe the reasons why do some company had to U-turn because of high fees and slow confirmation which has to affects their payment system. but if bitcoin had to return its original transactions fee and lightning speed transactions confirmation, I think they will (company) back to bitcoin again if they had too.Now, there is a host of companies either turning away from Bitcoin or doing a full U-turn. Microsoft recently announced that after almost three years it would stop accepting Bitcoin. However, it did reserve that position after taking its own steps to: “ensure lower Bitcoin amounts would be redeemable by customers.”
Steam, the gaming platform, also canceled its use of Bitcoin as a payment system in early December last year. Their reasons resonated with the general consensus, citing high fees and incredible volatility as the main issues.[1]
Do you think bitcoin will back to be used as Payment Option or digital gold will be used as an investment?
Source : https://cointelegraph.com/news/is-bitcoin-dying-as-a-payment-option
for me , its already dead .
the only purpose of its existence today is to feed the various exchanges (along with other 1000+ shitcoins).
once it will be fully regulated -the game is over .
people buying bitcoin today do not care about tech and future , they care about making easy profits (thats what they think anyways)
its a virtual stock , not a means of payment .
the only purpose of its existence today is to feed the various exchanges (along with other 1000+ shitcoins).
once it will be fully regulated -the game is over .
people buying bitcoin today do not care about tech and future , they care about making easy profits (thats what they think anyways)
its a virtual stock , not a means of payment .
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