volatility is the reason why Bitcoin cannot be directly adopted as a business medium
everyone becomes doubtful, because the price of Bitcoin is very easy to change, and that of course causes everyone not to use Bitcoin as a payment tool
Topic: Why BTC is not adapted into business?? - page 7. (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!
The major reason is that bitcoins are much unstable. We can assume the current markets and I guess that really makes much difficult for the businessmans to adapt bitcoins into business. Bitcoins can be great if the trading factors can be reilable and also if the volatility does not matter for bitcoins but in opposite situations it is much difficult for bitcoins to adapt business.
1. The level of acceptance is not high - there are still many people who don't know Bitcoin.
2. Volatility - The total value of Bitcoin in circulation and the number of companies using Bitcoin are still very small compared to their possible size.
3.Not mature enough-Bitcoin is still in the development phase,Bitcoin software is still in beta, and many unfinished features are in active development.
4. As a means of payment, the handling fee is higher
2. Volatility - The total value of Bitcoin in circulation and the number of companies using Bitcoin are still very small compared to their possible size.
3.Not mature enough-Bitcoin is still in the development phase,Bitcoin software is still in beta, and many unfinished features are in active development.
4. As a means of payment, the handling fee is higher
Its simple. The price of BTC is too volatile and no body wants to risk it and its because of that why ever thing to do with BTC seems to be up in the air.
Because the bitcoin is digital currency and they have no fixed figure and its long term investment.,
Why do you say bitcoin is still not adapted into business? It has already happened in the business world. I guess you are not much aware of the shown power of bitcoin so far. Check this link. You'll see the long list of companies which accept bitcoin as a form of payment method.
https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/
https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/
Yupz bitcoin has been already accepted in many types of transations and adopted in businesses,like for example in japan since bitcoin is a legal tender this means most of the business establishment there are using bitcoin as their main currency that using yen
Hello everyone, I agree with the author of the article and also do not understand why btc so little used in business, it is completely unclear what causes this obstruct. If someone knows the businesses in which bitcoin is already introduced, please tell me
I think bitcoin needs to become more popular to be used in business and it still has to be integrated in many more ways so it becomes more commonly used!
it might be because the price of bitcoin is unstable, so that many people rethink to make it part of the business, I think that business requires an accurate mathematical calculation to avoid losses, but I see that now many online businesses use bitcoin, hopefully there is a solution for that, bitcoin in the future I hope to be socialized again and I can use it anywhere and for anything
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!
Bitcoin is not adapted into business because in order to do that first it should be more accessible by majority of business individuals and people as a digital currency but even it is more usable as money its users aren't using it that way right now but the path is changing for the better side of Bitcoin these days and more people are using it to purchase products and services from on line websites which is a major attraction to other businesses and entrepreneurs in order to trust Bitcoin and combine it with there core processes and day to day functions to use Bitcoin frequently to do transactions
For me I think the main reason why BTC is not adopted in business is because of it is not yet accepted because governments are against it and the business owners will not like to go against government rules so that they might not close down there business.
Secondly, Business out there don't implement it base on the type of society they are, if they are not in a society that are not aware of bitcoin it will bring down the business.
Secondly, Business out there don't implement it base on the type of society they are, if they are not in a society that are not aware of bitcoin it will bring down the business.
I think because this is not legalized in that particular country but if it happens to be get legalized in that country there's another to do not use it in a business, and it is because of the unstable price. In addition I think also that government cannot allowed it because it is taxless.
There are a lot of reasons behind it and the main fact i think legalization and because of it is illegal in many country so this kind of problem are happening.
there is no complete legalization of bitcoin by the state as a payment instrument. This is the main reason why bitcoin is not used in business.
There are many problems that is affecting the integration of bitcoin into the world of business. Currently there are many interruptions such as the volatile price and government interferences in several countries that is affecting bitcoin. I believe when bitcoin becomes relatively stable many online businesses will humbly embrace this amazing cryptocurrency.
Business structures are still very difficult to use bitcoin. Of course, a big obstacle in this is the large volatility of bitcoin. Its price is constantly changing, and for business stability is important. Another, no less important problem is the legalization of bitcoins by states, and this process is very slow. States decentralized crypto-currency brings only one problem, therefore, in general, states are not interested in its legalization. Without this business structure, they do not risk using bitcoin, since serious problems with tax authorities may arise.
Bitcoin is still very volatile on this, it's bad for business. Purchase Bitcoin is a risky business. I think that business does not want to increase its risks. Perhaps in the future the situation will change but while Bitcoin is bad for business.
BTC is unstable currency and we can see there is fluctuations in the price of bitcoin if someone implement bitcoin in his/her business it may be lead to huge loss as price is unpredictable. Adaption of bitcoin in business is just risky.
In my own particular view, the issue here isn't whether the board is fit or not. Yet, what is essential is for countries to acknowledge bitcoin as a money; If the understanding has been concurred between organizations including bitcoin,there is no explanation behind the legislature to ensure it for the reason.
But some business companies are using it as a means of payment. while some a visible some business companies are invisible using it under ground not publicly, They are still trying to introduce Bitcoin but they not sure because of how Bitcoin is going down. They want to be very sure of it, before adopting 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!
BTC not adapted into business is a major problem and a big obstacle for the growth of Bitcoin and the market and no matter how high and demand we give to Bitcoin at the end of the day there is nothing practical we can do using Bitcoin in the real world but most experts give predictions this situation will change immensely in the future with Bitcoins popularity increase more and if that becomes true so we can hope we could see Bitcoin more usable in the future
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