Bitcoin Forum

BTC price is too high now and people store it for more profit.
Do you think big companies could choose another one for payment unit instead of BTC?

I think that they would consider a private blockchain solution before adopting a public one such as any bitcoin "variety". That private blockchain would covert to fiat through their centralized governments. That way they take advantage of blockchain without getting exposed to the volatile and dangerous markets. Markets at the end are the speculative playground for investments to dilute or increase, not for a stable reliable solution, at least not the ones we currently have.

Sure, or Litecoin!

The reality is that the market is driving Bitcoin to be a store of value rather than an every day currency. The only exception is the people who got in this year as a small deposit gamble, have made a few thousand and now want to spend it.

Additionally, Bitcoin debit cards are reducing the need for merchants to get into Bitcoin to accept it for payment. The frustrating part is that it brings the middle men back into the financial transaction...which is totally antithesis to the idea of Bitcoin.

BTC is still the best choice, maturity and popularity wise.
When you think about it, the whose system can be "layered" as the main wallets (Core or 3rd-party) as 1st layer. Next would be the addresses in it. It will depend on how the majority will adopt to it.

High BTC with high value without any uses will crash if it stays like this. Just Supply and Demand in the pseudo-markets?
This is not Gold which you can craft, fueling the demand.
This is not Diamond that is scarce, even against low demand.
This is a "currency" people.

They should take the right action for the best result.

i still prefer bitcoin in payment instead of other crypto because it have stand the time of time to succeed and that is why it is succeeding in the market.

all fork coins are just alt coins but nt real bitcoin Bitcoin is only digital currency in the world to be accepted in retail and commercial use

can, but most developers are only interested in the payment of bitcoin or eth. this is what makes the difference. bitcoin is the most special crypto and eth follows behind it

They can choose other options for payment if they want to. Since the fees are too high now that's even more of their consideration. They will not care if bitcoin has high or low price but they are sticking to what's cheaper and faster but it seems that bitcoin still has a great number of transactions though there are too many people who are complaining with the fees. I can't complain anymore, fees are increasing as the value of it does.

price being high has nothing to do with the decision of any company about accepting something. it is like saying $1 billion dollar is so high so companies should stop accepting dollar! you know there is smaller amounts than $1 billion dollar like $1 or 1 cent. bitcoin also has smaller amounts such as 1 satoshi!

the fact that people choose to hold bitcoin rather than spending it has two reasons: the rising price which has nothing to do with how much it is. it can be $10 and rising to $20 (100% rise) and they still HODL it.
and also the high fees.

and nobody would choose BCH or BTG or even the shittiest of all BCD for a substitute since they are worse than bitcoin. if they want, they would choose something better. and something better is not among the top 10 altcoins i assure you.