I do I know because everyone has had a death grip on their coins since the price spike. People use BTC for 2 things drugs and speculation.
Topic: Will the companies accepting bitcoin continue to pour in? - page 2. (Read 3577 times)
Calm down Piper. No one put forth any data points and no one is arguing. I am just saying that btc is not working as money right now. People are holding the BTC on price speculation, that will change.
Agreed. Until the price stabilizes (not anytime soon, and if it does, it'll still take a while for people to come to terms with it), people won't want to spend their BTC, for they know if they hold onto it, it'll continue to make them wealthier.
In other words, super lame if you're trying to use it as money.
+1 this is obviously true.
unicorn farts and there being a god is more likely than btc being used what it was designed for. Namely being money!!! That is why I like LTC because people will use it and it will drive the price down and availability up of BTC. These digits aren't worth anything if they aren't money! BTC is not fucking gold!! it is nothing like gold in fact it isn't worth shit just 1's and 0's floating in the cloud. It is only valuable as money!
QED, snapsunny. Next time, do a name search first, saves you a lot quizzical frowns.
Calm down Piper. No one put forth any data points and no one is arguing. I am just saying that btc is not working as money right now. People are holding the BTC on price speculation, that will change.
Agreed. Until the price stabilizes (not anytime soon, and if it does, it'll still take a while for people to come to terms with it), people won't want to spend their BTC, for they know if they hold onto it, it'll continue to make them wealthier.
In other words, super lame if you're trying to use it as money.
+1 this is obviously true.
unicorn farts and there being a god is more likely than btc being used what it was designed for. Namely being money!!! That is why I like LTC because people will use it and it will drive the price down and availability up of BTC. These digits aren't worth anything if they aren't money! BTC is not fucking gold!! it is nothing like gold in fact it isn't worth shit just 1's and 0's floating in the cloud. It is only valuable as money!
Calm down Piper. No one put forth any data points and no one is arguing. I am just saying that btc is not working as money right now. People are holding the BTC on price speculation, that will change.
You're stating something as fact over which you cannot have complete knowledge... up there with "there is a god" or "unicorns are hoarding bitcoins".
BTC works as great money for me when it comes to buying things off Bitcoinstore, paying for some services and transferring funds to family overseas.
Calm down Piper. No one put forth any data points and no one is arguing. I am just saying that btc is not working as money right now. People are holding the BTC on price speculation, that will change.
Agreed. Until the price stabilizes (not anytime soon, and if it does, it'll still take a while for people to come to terms with it), people won't want to spend their BTC, for they know if they hold onto it, it'll continue to make them wealthier.
In other words, super lame if you're trying to use it as money.
Calm down Piper. No one put forth any data points and no one is arguing. I am just saying that btc is not working as money right now. People are holding the BTC on price speculation, that will change.
I do I know because everyone has had a death grip on their coins since the price spike. People use BTC for 2 things drugs and speculation.
In addition to speculation, I use mine for domains, poker, settling debts with friends, and electronics/pc-hardware. My wife and I are also planning on having lunch at a local place this week that accepts bitcoin. Plus, I just found out that my mechanic takes bitcoin (which was a total surprise, but obviously awesome).
hah, you're actually arguing with sublime? He's a troll with a hankering for alt cryptocurrencies... he just pulls this data out of his ass.
If the value of Bitcoin goes up fewer will be spend. The Dollar value of the spend coins per month might increase but the number of Bitcoins circulated in commerce will go down!
On the other hand, a drop or levelling in price will increase spending.
But the dollar value is an excellent proxy for the amount of goods and services purchased. That is what matters, not the number of actual BTC.
Short term, sure. Anything longer than a year or so and dollar value is a horrible yardstick.
If the value of Bitcoin goes up fewer will be spend. The Dollar value of the spend coins per month might increase but the number of Bitcoins circulated in commerce will go down!
On the other hand, a drop or levelling in price will increase spending.
But the dollar value is an excellent proxy for the amount of goods and services purchased. That is what matters, not the number of actual BTC.
There's a huge market of digital goods which can *only* be sold using bitcoins, and I'm not talking about illegal stuff. It is pretty hard and expensive to get CC merchant account, and it is very unreliable and expensive to use paypal for business (firsthand experiences please before you comment), and it's not even available anywhere but few countries.
So there's about 5 billion people in the world who, if they want to sell digital goods online, have no easy solution to accept payments, maybe only some local digital money which have hard limits and huge percentages and are not available in other parts of the world. Will the companies accepting bitcoin continue to pour in? Heh.
So there's about 5 billion people in the world who, if they want to sell digital goods online, have no easy solution to accept payments, maybe only some local digital money which have hard limits and huge percentages and are not available in other parts of the world. Will the companies accepting bitcoin continue to pour in? Heh.
There are also plenty of benefits in accepting bitcoins for physical goods. When I sell on eBay or Amazon, I'm looking at fees between 8% and 15%. Being able to sell for bitcoins would be huge in reducing that, which is why I'm really hoping for bitmit.net or a similar service to grow.
There's a huge market of digital goods which can *only* be sold using bitcoins, and I'm not talking about illegal stuff. It is pretty hard and expensive to get CC merchant account, and it is very unreliable and expensive to use paypal for business (firsthand experiences please before you comment), and it's not even available anywhere but few countries.
So there's about 5 billion people in the world who, if they want to sell digital goods online, have no easy solution to accept payments, maybe only some local digital money which have hard limits and huge percentages and are not available in other parts of the world. Will the companies accepting bitcoin continue to pour in? Heh.
So there's about 5 billion people in the world who, if they want to sell digital goods online, have no easy solution to accept payments, maybe only some local digital money which have hard limits and huge percentages and are not available in other parts of the world. Will the companies accepting bitcoin continue to pour in? Heh.
"People are not spending coins" is such a stupid myth. Now that the price has risen quite a bit, they are actually more likely to spend them. That's how it goes with me at least. It feels like I'm spending less money since stuff costs less, and I actually have more purchasing power, and obviously there are more and more ways to spend coins which helps to counter the thought of "I'm better off buying with fiat anyway". That thought is starting to get more false every day.
Not spending because you'd rather hold money simply means that you don't need to spend. There is nothing you need to buy. If there is something you need to buy, then it's a different story. It doesn't matter which currency you use, even if you're afraid that spending BTC's will reduce your investments into it, you can simply buy that amount back with fiat at some point.
Not spending because you'd rather hold money simply means that you don't need to spend. There is nothing you need to buy. If there is something you need to buy, then it's a different story. It doesn't matter which currency you use, even if you're afraid that spending BTC's will reduce your investments into it, you can simply buy that amount back with fiat at some point.
For more merchants to accept bitcoin, the userbase must increase. There's really two things that can happen from now:
1) More and more vendors accept bitcoin, causing more users, and this is where bitcoin takes off.
2) Vendors realize that they are getting few sales through bitcoin, and after a while remove bitcoin.
2 is kinda like how OWS faded out.
1) More and more vendors accept bitcoin, causing more users, and this is where bitcoin takes off.
2) Vendors realize that they are getting few sales through bitcoin, and after a while remove bitcoin.
2 is kinda like how OWS faded out.
If the value of Bitcoin goes up fewer will be spend. The Dollar value of the spend coins per month might increase but the number of Bitcoins circulated in commerce will go down!
On the other hand, a drop or levelling in price will increase spending.
The best advertising a "proof" of Bitcoin's utility is increasing exchangerate. However, this also put breaks commercial adoptation. Imagine it was gold coins appreaciating as fast as Bitcoins and people would rather save them than use them.
So my thought is that adoptation and utility is cyclic opposite. There are periods of high exchangerate when people learn about Bitcoin and get some and there are periods where Bitcoin is cheaper and advances in use and markets happen and more people spend them.
For more merchants to accept bitcoin, the userbase must increase. There's really two things that can happen from now:
1) More and more vendors accept bitcoin, causing more users, and this is where bitcoin takes off.
2) Vendors realize that they are getting few sales through bitcoin, and after a while remove bitcoin.
2 is kinda like how OWS faded out.
1) More and more vendors accept bitcoin, causing more users, and this is where bitcoin takes off.
2) Vendors realize that they are getting few sales through bitcoin, and after a while remove bitcoin.
2 is kinda like how OWS faded out.
If the value of Bitcoin goes up fewer will be spend. The Dollar value of the spend coins per month might increase but the number of Bitcoins circulated in commerce will go down!
On the other hand, a drop or levelling in price will increase spending.
For more merchants to accept bitcoin, the userbase must increase. There's really two things that can happen from now:
1) More and more vendors accept bitcoin, causing more users, and this is where bitcoin takes off.
2) Vendors realize that they are getting few sales through bitcoin, and after a while remove bitcoin.
2 is kinda like how OWS faded out.
1) More and more vendors accept bitcoin, causing more users, and this is where bitcoin takes off.
2) Vendors realize that they are getting few sales through bitcoin, and after a while remove bitcoin.
2 is kinda like how OWS faded out.
If the value of Bitcoin goes up fewer will be spend. The Dollar value of the spend coins per month might increase but the number of Bitcoins circulated in commerce will go down!
On the other hand, a drop or levelling in price will increase spending.
For more merchants to accept bitcoin, the userbase must increase. There's really two things that can happen from now:
1) More and more vendors accept bitcoin, causing more users, and this is where bitcoin takes off.
2) Vendors realize that they are getting few sales through bitcoin, and after a while remove bitcoin.
Right now, we're seeing more vendors accepting bitcoin. Namecheap is in the implementation stages, and there's quite a few sites to come.
1) More and more vendors accept bitcoin, causing more users, and this is where bitcoin takes off.
2) Vendors realize that they are getting few sales through bitcoin, and after a while remove bitcoin.
Right now, we're seeing more vendors accepting bitcoin. Namecheap is in the implementation stages, and there's quite a few sites to come.
No. and what does it matter if they do? Saying I accept bitcoins is easy, now getting people to spend them with you is another story all together.
As these sites realize that no one is spending btc they will just do away with it or move to other alt. currencies.
As these sites realize that no one is spending btc they will just do away with it or move to other alt. currencies.
Who says nobody is spending?
Yesterday I bought a "rare" copy of Final Fantasy 7 from a friend, and was going to buy some ecigerettes but the vendor's website wasn't functional. I think Sublime is projecting.
From where do you get this info? Is there a central collection of such newly accepting pages?
I don't think BitPay or anyone else charges a monthly fee. Unless you're talking about screen real estate in your checkout process, there is no reason for a company to remove Bitcoin acceptance graphics and features. As the price rises, more BTC will be spent on the things people want or need and yeah that will only increase the snowball effect.
Why wouldnt they?
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