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Topic: When will more retailers accept Bitcoin - page 25. (Read 17249 times)

hero member
Activity: 1890
Merit: 831
October 01, 2017, 10:17:54 AM
Japan is technically more advanced and thus its easier for people to accept a new norm and its preety amazing how things are adapted there that produces a nice balance for everyone.
As for other countries .. i personally think it depends upon your country stage of development and the acceptance of goverment.
If the government accepts it and makes it legal the companies will be forced to accept bitcoins and any other fiat.
Varies from country too country
sr. member
Activity: 422
Merit: 250
October 01, 2017, 07:59:09 AM
More retailers will start accepting Bitcoin once more people have Bitcoin in their wallets and once more people are willing to spend the bitcoins in their wallets.
jr. member
Activity: 42
Merit: 10
October 01, 2017, 07:33:46 AM
I think that will only happen to progressive country who has high technology and who established bitcoins in their community. It would take long years before it could adopt by the third world countries. But i hope it would happen in the future for us to be able to transact easily with merchants using bitcoins.
Yes, the higher the level of development and education, the greater the chances of a nation adopting Bitcoin on a large scale. But in some situations the adoption of Bitcoin occurs first in third world countries, such as Venezuela, where people feel more strongly the destructive effects of fiat currencies.
member
Activity: 96
Merit: 15
October 01, 2017, 06:06:07 AM
I think that will only happen to progressive country who has high technology and who established bitcoins in their community. It would take long years before it could adopt by the third world countries. But i hope it would happen in the future for us to be able to transact easily with merchants using bitcoins.
sr. member
Activity: 532
Merit: 250
October 01, 2017, 05:40:26 AM
maybe next year or in 2019-2020 we will have a lot of sellers who accept payment by bitcoin, bitcoin is in the stage of slowly being famous around the world, lets just wait and everyone will notice it since the prediction next year with its value might rose up to 10k$ or even more.

I hope so. That is one og the major problem of bitcoin.
Lacking in merchants and also those shops that accepts bitcoin as a currency.
This should be changed fast. There have been many coins that are being created and they might see it as a better one in terms of payment rather than bitcoin.
It could be popular but after that users could be directed to another crypto like ETH, and LTC.
The more retailers will have bitcoins only when it will become a global currency. The value of bitcoins needs to improve soon and this will make it highly accepted in the global market. Also it wills some high standards of trading and eventually more and more retailers will start thinking about it and will start accepting.
The value of bitcoin doesn't need to rush to improve to just make bitcoin accepted by the other retailers and other businessman. Bitcoin needs to have a stable network and less hassle problems so the retailers and the businessman will accept bitcoin because when there is no issue in bitcoin especially in using it then it will become easy for bitcoin to get accepted worldwide.

Hmm, indeed as you say that bitcoin is actually not needed something small things to grow. Now that it's been bitcoin has enormous range which will surely provide many advantages for long-term bitcoin. It's just that for now this network of bitcoin less stable, which has something in it that has not been definitely will be very good in the future. So the main steps that must be done to make the network of bitcoin stable.
legendary
Activity: 3500
Merit: 2246
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October 01, 2017, 05:34:08 AM
Not many people know about Bitcoin and Bitcoin is highly volatile. These both factors limit vendors to accept Bitcoin. Also, even if people know about Bitcoin, they aren't ready to spend it because Bitcoin is more like an investment for them than a currency. I think in future more retailers will definitely start accepting Bitcoin with bitcoin going mainstream and a little decrease in volatility. Right now some dominant countries in crypto like Japan are involved in Bitcoin extensively.

Even though Bitcoin is an investment for many people they would definitely like the idea to use it for buying things from time to time. It's a good marketing vehicle to put a "We Accept Bitcoin Here" sticker on your shop's door. Even if you will be losing some money because of the Bitcoin's volatility it will be compensated by what you gain more because of the sticker. People who have Bitcoin maybe can buy $10 worth goods with it just for fun, but they will be visiting your shop more often and will be buying with fiat from you rather than from others.
full member
Activity: 196
Merit: 100
October 01, 2017, 05:29:54 AM
in my opinion there are a couple of things that are preventing retailers from accepting bitcoin:
1. people who own bitcoin are a lot but people who are willing to spend bitcoin are very little. this means the possibility of little to no customers.
2. price is volatile still. it has been becoming less volatile but we can see drama like blocks and split can cause bigger volatility again!
3. fees. although they have come down ever since spam attack stopped but if they go up again and remain high people will be even less willing in spending their coins.
4. things such as chain split. which are scary and nobody wants a scary currency when there is fiat.

when these change, more retailers will accept bitcoin.  Wink
sr. member
Activity: 644
Merit: 250
October 01, 2017, 05:22:15 AM
suppose there is a big online store like amazon who accept payment with Bitcoin course btc prices will go up very high and we are all happy, small retail will not be efficient if adapt payments with bitcoin.
sr. member
Activity: 1400
Merit: 420
October 01, 2017, 05:18:06 AM
I think that it would take time or years before retailers would accept bitcoin the reason why is because not everyone knows about the existence of bitcoin and some are still afraid to use or invest on bitcoin. But for me it is good to use in purchasing on the retailers for a hassle free transaction.

There are some restaurants and well known establishment that is already using Bitcoin as a payment in exchange with their goods and services, it just that there are no stable Bitcoin ATM machine that you can buy at in the city that this establishments are located so you must need to buy online or earn it first before you can use it.
member
Activity: 105
Merit: 100
October 01, 2017, 01:35:41 AM
I think that it would take time or years before retailers would accept bitcoin the reason why is because not everyone knows about the existence of bitcoin and some are still afraid to use or invest on bitcoin. But for me it is good to use in purchasing on the retailers for a hassle free transaction.
newbie
Activity: 56
Merit: 0
October 01, 2017, 01:11:40 AM
I don't actually see this will happen but if the price tag of bitcoin will be far more steady i can see that  far more suppliers accept Bitcoin will occur. But as of now, i don't consider casual individuals, whose not techy a single , possibly will not think about this as a extravagant point, or probably if bitcoin will be a pattern a mainstream pattern, for certain many individuals will bandwagon/fanatic of bitcoin, in that time i consider far more merchants will acknowledge bitcoin.
newbie
Activity: 8
Merit: 0
September 28, 2017, 03:30:23 PM
maybe next year or in 2019-2020 we will have a lot of sellers who accept payment by bitcoin, bitcoin is in the stage of slowly being famous around the world, lets just wait and everyone will notice it since the prediction next year with its value might rose up to 10k$ or even more.

I hope so. That is one og the major problem of bitcoin.
Lacking in merchants and also those shops that accepts bitcoin as a currency.
This should be changed fast. There have been many coins that are being created and they might see it as a better one in terms of payment rather than bitcoin.
It could be popular but after that users could be directed to another crypto like ETH, and LTC.
The more retailers will have bitcoins only when it will become a global currency. The value of bitcoins needs to improve soon and this will make it highly accepted in the global market. Also it wills some high standards of trading and eventually more and more retailers will start thinking about it and will start accepting.
The value of bitcoin doesn't need to rush to improve to just make bitcoin accepted by the other retailers and other businessman. Bitcoin needs to have a stable network and less hassle problems so the retailers and the businessman will accept bitcoin because when there is no issue in bitcoin especially in using it then it will become easy for bitcoin to get accepted worldwide.
I think it does not even have to have a stable network because even without that you can easily predict that bitcoin is going to go very high and you can see that at the charts too.
hero member
Activity: 742
Merit: 500
September 28, 2017, 02:19:18 PM
More retailers would start accepting bitcoins when it gets legalized.That's what we saw recently in japan that thousands of retail stores accepting bitcoins immediately after its legalization.They have even left behind the volatility issue.When bitcoin gets legalized,retailers get confident enough to accept bitcoins since its gets recognized by the government itself.Also,the more bitcoin gets popular,more chances will be for bitcoin getting accepted.Now,on seeing bitcoin's growing popularity and increase in user base,amazon has decided to accept bitcoin and this list would continue to increase in the future.
jr. member
Activity: 149
Merit: 2
September 28, 2017, 12:31:08 PM
maybe next year or in 2019-2020 we will have a lot of sellers who accept payment by bitcoin, bitcoin is in the stage of slowly being famous around the world, lets just wait and everyone will notice it since the prediction next year with its value might rose up to 10k$ or even more.

I hope so. That is one og the major problem of bitcoin.
Lacking in merchants and also those shops that accepts bitcoin as a currency.
This should be changed fast. There have been many coins that are being created and they might see it as a better one in terms of payment rather than bitcoin.
It could be popular but after that users could be directed to another crypto like ETH, and LTC.
The more retailers will have bitcoins only when it will become a global currency. The value of bitcoins needs to improve soon and this will make it highly accepted in the global market. Also it wills some high standards of trading and eventually more and more retailers will start thinking about it and will start accepting.
Of course, the popularity of Bitcoin is the requirement if you want to have more retailers accept Bitcoin as a payment method. However, you do not need to worry much about that, Amazon has confirmed they will apply Bitcoin to their payment system in next month. I believe this event can helps others change opinion.

Hopefully its true this time because we've heard it multiple times about big companies supporting but not implementing.
sr. member
Activity: 331
Merit: 250
Blockchain Just Entered The Real World
September 27, 2017, 01:15:18 PM
maybe next year or in 2019-2020 we will have a lot of sellers who accept payment by bitcoin, bitcoin is in the stage of slowly being famous around the world, lets just wait and everyone will notice it since the prediction next year with its value might rose up to 10k$ or even more.

I hope so. That is one og the major problem of bitcoin.
Lacking in merchants and also those shops that accepts bitcoin as a currency.
This should be changed fast. There have been many coins that are being created and they might see it as a better one in terms of payment rather than bitcoin.
It could be popular but after that users could be directed to another crypto like ETH, and LTC.
The more retailers will have bitcoins only when it will become a global currency. The value of bitcoins needs to improve soon and this will make it highly accepted in the global market. Also it wills some high standards of trading and eventually more and more retailers will start thinking about it and will start accepting.
Of course, the popularity of Bitcoin is the requirement if you want to have more retailers accept Bitcoin as a payment method. However, you do not need to worry much about that, Amazon has confirmed they will apply Bitcoin to their payment system in next month. I believe this event can helps others change opinion.
sr. member
Activity: 714
Merit: 250
September 27, 2017, 11:24:59 AM
when bitcoin gets more popular and more and more people are using it then I think retailers will accept bitcoin as a means of payment transactions.
Yes you are right,  when bitcoin gets more popular, the more people will using bitcoin then it will make the price more stable than now, because bitcoin is spread evenly. except if all of the new people are trader. Retailers are getting problem with the price of bitcoin that move so wild.  So if the price of bitcoin is stable I am sure a lot of retailer will adopt it as payment methode.
full member
Activity: 798
Merit: 100
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September 27, 2017, 11:05:48 AM
when bitcoin gets more popular and more and more people are using it then I think retailers will accept bitcoin as a means of payment transactions.
sr. member
Activity: 286
Merit: 250
September 27, 2017, 10:09:03 AM
Its all about legalization, once all countries does legalize bitcoin we will see a boom of places wich will accept bitcoin as payment here, some merchants are already acepting it as payment since they know its potencialm and are taking the risks before the legalization, wich can result into another pizza history in the future.
sr. member
Activity: 503
Merit: 250
September 27, 2017, 09:29:58 AM
It will be accepted once Bitcoin will be accepted mostly around the world. If governments would of course support it and retailers would then consider accepting Bitcoin as payment. Time can only tell us when it will be accepted and hopefully very soon so we can start purchasing goods and use Bitcoin as payment.
Bitcoin delays might solve first before more retailers accept it. It needs to develop more in terms of transaction payments delay and fees to adapt by retailers easily.
sr. member
Activity: 420
Merit: 250
September 27, 2017, 07:54:25 AM
It will be accepted once Bitcoin will be accepted mostly around the world. If governments would of course support it and retailers would then consider accepting Bitcoin as payment. Time can only tell us when it will be accepted and hopefully very soon so we can start purchasing goods and use Bitcoin as payment.
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