Rich people have long understood that it is possible to earn big money on BTC.
This is not just electronic money. Bitcoin is a tool for earning
Topic: Why BTC is not adapted into business?? - page 12. (Read 3314 times)
I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!
Of course, one of the main obstacles to the introduction of bitcoin into business is its high volatility. Transactions in business from their conclusion to implementation are not conducted in one day. And during this time, bitcoin can dramatically change in price and one of the parties will already be unhappy with this deal.In addition, for the introduction of bitcoin into business, it is necessary to completely legalize crypto currency by the states. Without this, there will be constant problems with the tax authorities.
In as much as bitcoin is facing much challenges the fact still remains that bitcoin is still doing well and being accepted by more member of the society and in no distance time bitcoin is going to become the world universal currency and the secondary currency of all the nations of the world.
I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!
First of all, Bitcoin is currently being integrated into a multitude of businesses worldwide even today. On top of that, some businesses may still be skeptical about transitioning from forms of payment that they are comfortable with to Bitcoin, which could be foreign to them. Therefore, it is crucial that those who possess knowledge of Bitcoin continue to spread its benefits in general conversation to increase its everyday usage in vocabulary. Once people become more familiar with cryptocurrency, they will be more comfortable interacting with altcoins, possibly paving the way for businesses to implement altcoin payment systems. As of now, it's not quick enough to be used in real life. We need to get the transaction speeds quicker especially for the confirmations so that it can be used.
I think there are still many opinions about the pros and cons of bitcoin. even in my country, bitcoin is not accepted as a legitimate payment tool, but that is a natural thing. so, bitcoin is limited to investment. so when bitcoin has been received in the community, we may see businesses that use bitcoin everywhere.
I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!
I agree with your first answer, one of the reasons why some businesses stop adopting bitcoin due to very high and very fast price volatility. therefore many people are afraid of doing business using bitcoin, when they get a profit maybe the profit will be very big, but if they suffer losses then the loss would be very big
Who said it's not adapted into business.. There are several business.. But still it's not adapted in big form. hope we'll see big adaption soon
There are actually many companies now that are using bitcoin. Maybe what you should be asking is why ither busnesses are still not adopting bitcoin. Businesses can loose revenue since bitcoin is unstable at the moment.
Thank you for this great question . One of the very reasons why Bitcoin is not applicable is because of scalability issue . The amount of energy consumed during processing of blocks and transactions is quite much , which in turn causes transactional delay . Also , the consensus algorithm being used by Bitcoin has some defects . These are some of the challenges bitcoin has ..
I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!
Do not worry businesses start adopting bitcoin of the good example is KFC accepting bitcoin as payment and also in canda bitcoin are accepting bitcoin as payment buying of the needs of people if not wrong for this information so it's possble some country's and businesses continue to learn bitcoin adopt in business.
I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!
Some of the typical barriers against bitcoin being fully integrated into businesses especially online include legal restrictions in some countries where a ban is in place place the fact that btc is still very volatile( result of poor adoption)
I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL! and at that most of the local shops around are mostly own by uneducated people and at that it hard for them to have access to bitcoin and how it is use.
I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!
What Country are you in? Bitcoin being adapted in businesses growing but unfortunately not in every City or Country. I don't expect Bitcoin to be adapted in every City world wide because there are still cities that are struggling in internet connection and availability of power. In my Country, there are restaurants and bars already accepting Bitcoins as an option to pay their bill. I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!
There was a much better adoption of bitcoin during 2014 than it is now, when the transaction charges started rising all the companies that accepted trade using bitcoin stopped using it and we are yet to see that process yet again even after the charges went down, may be they are waiting for the major nations to come up with regulations or waiting for the scaling solutions to implement. 
Considering the volatility people fear of making it used into the business. Slowly some small scale businesses have started adopting bitcoin into their businesses. From my view one who initiate a business adopting bitcoin at present will surely profit big in the later days when it is known by each and every people around the world.
Most of those bussiness are afraid of the volatility and the fast way that bitcoin can go up and down at the same time, that is my theory of why most of the actual bussiness are just scared of having bitcoin as a meant of payment
I think why bitcoin is not adapted for business? I think bitcoin is an investment and a ready-made asset for business of course there must be a step where companies have adopted bitcoin first before they adopt bitcoin for business and I think so far bitcoin is being used and adopted in terms of payment methods so I think it may be because many companies are still adopting bitcoin so as to make bitcoin as a company business must adopt bitcoin first before making bitcoin as a business 
I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!
Honestly at this point of time, there are not much excuses for not accepting btc/alts.
In recent past a lot of vendors did cancel their support to btc because of the huge transactions fees.
Volatility is not an issue since the gateway does convert it to fiat if vendor wants.
Well bitcoin some how is not open to all and in most cases only the educated are the ones being able to use bitcoin and at that most of the local shops around are mostly own by uneducated people and at that it hard for them to have access to bitcoin and how it is use. But more recently more people are now adopting bitcoin that is why we always see the steady rise in price.
Its already been adapted by some business, we just need more good company to join the adoption so it can be accepted world wide.
Jump to: