Topic: Why BTC is not adapted into business?? - page 4. (Read 3314 times)
Actually Bitcoin has already adapted into business like making trading into an exchanges and some of it doing mining and get paid into blockchain industry. And so on with the other countries that Bitcoin was accepted in payments of their bills, transaction fees and to some coffee shoppe.
It is not said that BTC is not adopted but it is an option for the business to implement bitcoin as part of the business. Anyway, bitcoin has already created in bussiness and you can see it in those exchanges, mining bitcoin and trading it or even investing it to fund an ICO. This is already bitcoin engaginh with business.
Bitcoin is not adopted in many businesses because of many reasons which may include the fact that some businesses are still unaware of the existence of cryptocurrency. Others businesses are located in countries where Bitcoin is banned.
a ton of businesses are accepting Bitcoin and overstock is one of them. also, crypto cards are there of you want to use them in almost anywhere that accepts cards - why do you feel that businesses are not adapting Bitcoin!!!
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!
In the entire world now bitcoin was being adapted into business already, there are lot of merchants now in different country where they are
already bitcoin accepted in terms of online payment. Even here in my country some of our merchants here was bitcoin accepted too.
In my opinion, it all depends on what kind of business it is. For example, if this is the sale of goods and services via the Internet, then Bitcoin is already quite popular, but for mining or construction companies, production companies, agricultural companies, Bitcoin is not very suitable, since they are very dependent on government policy and legislation.
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!
The main reason is the high volatility of the bitcoin price. The second reason is the unpopularity of bitcoin and the lack of expediency of using bitcoin payments. Electronic payments are now fully meet the needs of the business.
I guess That in today's time we can not do business with Bitcoin. Because so far many countries are such. Who does not own Bitcoin. In the future, we can do business with Bitcoin in future.
It could affect the fiat money in the industry thats why they not allowed some business to use bitcoin in thier transaction some business people are not enough knowledge in technology they contented on fiat money so old businesses is refusing online transaction because it has no value on thier business. I hope crytpo are still developing in terms of businesses.
I do not understand your conclusions regarding bitcoin. You say there is no bitcoin propaganda, but it is not. The media makes good advertising for cryptocurrencies. And bitcoin is increasingly used in business. Your opinion is wrong.
Most of the news regarding bitcoin are good, it says that bitcoin will reach that kind of milestone over the years, and in fact here in my country there are lots of establishments that accept bitcoin as mode of payment and those establishment are not scattered over the country so meaning the adaptation is there.
I do not understand your conclusions regarding bitcoin. You say there is no bitcoin propaganda, but it is not. The media makes good advertising for cryptocurrencies. And bitcoin is increasingly used in business. Your opinion is wrong.
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!
The major reasons that backdrop the bitcoin is no proven legitamacy to a great extent is what I feel,because of the increase of scammers there is been a huge drop in the legitimacy of the bitcoin.I think this needs to be eradictaed to improve the adoption of Bitcoin. in my opinion bitcoin is now accepted world wide and it is valuable because many people use this for online trade and with this online business is promoted well it is good to keep our coins with exchange and use this for a good and faster transaction while some time you can convert into other coins, Now crypto is very important because we have to move with the world and it is the modern weapon with us.
While it's true that Bitcoins is accepted globally let's not forget many countries do not accept bitcoins, while some lack clarity on the rules, some had declared it illegal. Another major issue with using bitcoins is the volatility in it's prices which are not stable. I differ on the speed of transactions I remember my own transaction which was stuck for 72 hours, and at times even more for some though these days it's getting faster merchants would be vary of using it. Last but most importantly regulations and taxes to use bitcoins one needs to study the regulations and taxes that come with bitcoins, which gets costly and time consuming for merchants.
Many businesses using crypto as a payment now.
in my opinion bitcoin is now accepted world wide and it is valuable because many people use this for online trade and with this online business is promoted well it is good to keep our coins with exchange and use this for a good and faster transaction while some time you can convert into other coins, Now crypto is very important because we have to move with the world and it is the modern weapon with us.
in fact, I see now that bitcoin is used as a partner for business. we see if ico is a business and uses bitcoin as a payment media option. so this is a mistake for your statement.
I think the volatility is the number one problem of Bitcoin,
Just think about this for example they would buy something at $1 and they would pay with Bitcoin that would be 0.00018 BTC what if the price continue to drop for a week then the $1 that he receive would decrease.
Just think about this for example they would buy something at $1 and they would pay with Bitcoin that would be 0.00018 BTC what if the price continue to drop for a week then the $1 that he receive would decrease.
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!
Yes volatility is one of the biggest push factors against adopting BTC. Merchants simply cannot justify accepting a currency knowing it could fall drastically in price within a few moments. This would create unwanted stress towards recording financial accounts and overall financial health of the 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!
I think now many businesses adapting into cryptocurrencies but still not in wide range.
In my opinion it might be because bitcoin is very unstable from a variety of circumstances, so bitcoin is very unpredictable and doesn't know whether it will be profitable or detrimental, so it's very unlikely for business.
Bitcoin is volatile. If today it costs 6 thousand (let us say so), tomorrow, it can go to the Moon, or fall greatly. People that are in business, do not want to risk with their money simply.
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