Bitcoin Forum

After all these years Bitcoin still remains an investment rather than a daily payment system, will there ever come a day where Bitcoin will be use generally as a paying system instead of what we are seeing right now?

XRP for example and few others are partnering with banks for international transactions, if seems that these projects are 100 times closer to been a daily payment system than Bitcoin and this saddens me.

I am feeling like the majority of people are still going to prefer to spend more money on transaction fee through payment solutions that involves banks, locally and internationally, I seems like Bitcoin transaction are going to keep happening around Bitcoin OGs and those who are into Bitcoin only.

Do you think that Bitcoin been decentralised will draw it back from becoming something like what XRP and Chain Link are achieving right now? Should we just for once shut up about Bitcoin becoming a well acknowledged payment solution and focus on it becoming only asset?

This seems like groundhog day, because of the number of threads or comments I see every day in the forum.

I do not believe that it is a global payment method for all payments first because there is the problem of scalability, second because Bitcoin is valuable and it does not make sense to spend Bitcoin and keep alternative payment methods, such as fiat currencies or shitcoins and third because the trend that leads the history of Bitcoin tells us that it is not so. It was created as a P2P payment method but it is succeeding more as a store of value than as a means of exchange and I have no reason to think that this will change in the future, on the contrary, what I think is that as the price continues to rise and there is more and more scarcity of Bitcoin will consolidate even more as a store of value.

Bitcoin is an asset already, it has all the valuables therein as an asset. In terms of daily usage as a payment system, there are lots of firms across the globe that accept bitcoin as payment. Don't also forget that it is also international valuable, because you can send bitcoin to anybody in any part of world. Over the years, you should understand that bitcoin has really penetrated significantly into the international market, so it will also take time before some of the wish your asking for to come into fruition, as there has been restrictions of bitcoin in some countries across the world, but that isn't going to stop the growth of bitcoin.

You can already get debit cards that use crypto accounts, you just have to swap the crypto into fiat for the card. We are closer than you think my friend.

Do you really think Bitcoin can work as a payment system. There are too many limitations with Bitcoin and that is why Bitcoin LN was created. I am happy the way it is now, I happy that people think Bitcoin as a investment opportunity. Since it is now considered as an Investment that is the reason Institutional investors & big financial institution are going after it. Bitcoin is the only investment through which anyone can gain financial freedom.

Due to the volatile nature of bitcoin, it has been used more as an investment rather than a payment method and I wouldn't blame investors for this,after they have understand the value in it and the price movement. Nobody will love to use a valuable assest for payment when there is fiat currency or some valueless altcoins. It means that you are not aware about the potential of bitcoin and how it can be used to hedge against inflation. Fiat is depreciating and it is more better to use fiat for daily spending than bitcoin. It is only some companies that pay their workers with bitcoin, because they are rich and have enough of it or better still they are promoting bitcoin to be used as a payment method. As time passes,bitcoin becomes more scarce and every bitcoin holder will appreciates their bitcoin to use as an investment and a store of value rather than using it as an alternative payment method.

Like it or not and many people do not accept this fact but I do not believe that bitcoin can become a legitimate payment method in the world due to its decentralized nature. Personally, I see bitcoin as an asset and will likely be a store of wealth in the future if it becomes more and more popular.
While bitcoin has not been able to become a P2P payment method for the purposes Satoshi created it, I don't see anything too bad about bitcoin as an asset. It still brings many use cases, many utilities for us.

XRP and other shitcoins are centralized, it's why the banks don't have any problem to create a partnership with them. Bitcoin is different, when the government want to regulate it as a commodity or legal tender, there's a drawback about decentralization and pseudonym for them, so they need to think carefully.

You need to know digital fiat was exist since few years ago, you don't have to pay any fee.

Comparing digital fiat/cash/credit card where you need to pay fee every month with Bitcoin where you need to pay fee for every transaction you make is really not make sense.

Investments and means of payment are not necessarily mutually exclusive. Bitcoin (even including the lightning network)  is not ready to act as a global payment system.
The major reason for people not using Bitcoin (or any other crypto) for everyday transactions is that they're not earning in crypto but in fiat. Nobody will be purchasing crypto for fiat just to pay for their groceries with crypto. That simply wouldn't make sense.
There's also the "bad money drives out good" principle:


Ripple's bank partnership also doesn't mean that the world will turn to using XRP. As far as I know, it's not clear if the XRP would be utilised at all in such systems.


Nah. To succeed as an investment asset, Bitcoin must have the abilities of a payment system. It doesn't have to be the best but has to be good enough to be used for transacting if/when you need to.

Comparing bitcoin with centralized altcoins like XRP is not ideal. Bitcoin is not competing with them because they have different purposes and targets. The people who know the advantages of bitcoin will always use it and its usage keeps growing over the years, not just among the old timers but newcomers. I don't also think that we should compare a centralized payment system with bitcoin. Bitcoin was not created to partner with any intermediary but for P2P transactions.

However, volatility and government regulation are all barriers to the adoption of bitcoin as a currency. People will not be willing to hold a currency whose worth fluctuates easily. Except the currency gains stability in the future, it might not be suitable to be used as a currency by most people. Also, I am sure that more people will be willing to use bitcoin if the government doesn't restrict its usage. Decentralization is not a weakness of the currency, in fact it is what makes Bitcoin unique.

Bitcoin continuous use as investment is first because of bitcoin adoption rate, the number of its users are not realistically up like that and this has affected the use of it as payment method. If you go to some developing countries you will definitely see that it’s only the learned that are into bitcoin but once the adoption continues to grow and people see the effortlessness of using bitcoin as payment method, they will begin to see it as such.

Secondly, Government continuous restrictions is actually stopping people from using bitcoin as physical payment. The use of it in countries where there is restriction it will certainly be a barrier to how freely people use bitcoin, so a more lessen restrictions about it from the government will definitely help.

Thirdly, Bitcoin is still seeing as a precious asset and using it for just payment purposes most especially little transactions is seen as wasting one’s precious assets just like how the Gold is viewed. Yes bitcoin primary aim is to be use as payment method but with the advantages like it been a good hedge against inflation and also a perfect ROI has made investors to hold on to it rather than using it. Many still believe it is still at an early stage and it should be hold on to and not spend just anyhow.

Similarly have read close related threads with similar responses.


Satoshi's plan for BTC is unique from what bitcoin users think of BTC. Trend followers invest to gain extra profits because of the constant increase in the price of bitcoin. People also hold Fiat in the face of inflation, which means that anything with value will have to be held by people. Not only bitcoin. Calling bitcoin an investment scheme, wasn't the initial idea of its creation. Since, people made profits out of bitcoin, everyone else wants to partake in the profits that follow bitcoin trend.

Decentralization has made bitcoin unique and different from all other currencies. But it is also because of the decentralized nature that the government cannot control it and that is also the reason why they are not friendly with it. So it's very unlikely that they accept bitcoin as a currency, the government controls the economy, controls us with fiat. If they accept bitcoin as currency and let us use it, they are destroying themselves. So decentralization is unique to us, but it would be a bad thing in the eyes of the government.

That is a question others also asked. Bitcoin was created to pay goods and services online but that aspect of it is not utilized as of the investment part. People also make an assumption that it is because of the transaction fee they could not used and accept it. And if bitcoin is inculcated as one of the payment method in the international market then people will using not to transact frequently and that will also make the adoption very high.
Yes people are using banks for online transaction Instead of bitcoin because banks transactions are free but bitcoin transactions are not. It is only when you have coins in exchange and you send it to another person that, the exchange platform do not charge and not all exchange are free. Some of the exchanges even per to per is charged. So for bitcoin to be use as international payment method is not yet realized.

People use bitcoin as an investment asset, a payment mean, a trading mean, a gambing mean or a collateral and whatever else.

I am unsure that the majority use it as an investment or payment mean or trading mean. How did you the majority are using it as an investment but not as one of others?

Is it your guess only and you don't base on anything to write this?

With many transactions daily, Bitcoin network fullfils its peer to peer payment function.

408,959 transactions (https://bitinfocharts.com/comparison/bitcoin-transactions.html#3y) last 24 hours.

Isn't there already companies that accept Bitcoin as legitimate payment?  I can buy items with Bitcoin on the internet.  I can pay my bills through Bitcoin.  If you can't consider that legitimate payment method then explain to me why it is not?


Eh???  Maybe many of us here don't use Bitcoin as a payment system, but as a bitcoin holder, I have been paying my items through Bitcoin for years, others of my transaction may go through a third-party processor but still, it shows that we can use Bitcoin as a payment method.

The role of Bitcoin as method of payment versus a tool of investment has been a subject of discussion with varying viewpoints. Nevertheless Bitcoin is gaining more acceptance as investment assert. The general public perceives it a precious asset with potential to significantly impact their future financial status, if held for long term. The historical track record of 15 years supports such anticipated future scenarios of Bitcoin.

As far as XRP is concerned, it is mostly used for faster and cheaper banking transactions. This is why it is getting more partnerships with institutions and it is not generally considered a threat to current fiat based monetary system.

Didn't it remain as a payment system? It always has does.

How about you getting paid for your campaign? That's one perfect example of it.

Whilst for Bitcoin, there's no need for any partnership or integration. It is already a payment system but with its use, that has made it another use of it which is an investment. The use of it as a payment system for P2P has never been gone.

It is because not all of the people in the world like Bitcoin. Even if it's accepted in almost every country, there will still be haters and bashers of it that prefer the traditional system and even us, we can't skip yet the usage of it.

What's the achievement of XRP and Chain Link? Comparing it to Bitcoin is like comparing oranges and apples.

No. Maybe it's just a few of you guys that are thinking like that. Bitcoin has never gone its purpose for being a payment solution and so if it's also a store of value, those altcoins you've mentioned are also playing the same thing.

Doesn't that somewhat defeat the whole point?  If Bitcoin began partnering with banks, I suspect a lot of users would start jumping ship.  It largely comes down to financial independence and self-determination.  If people want to use their bitcoins as a currency, they are free to do so.  If people want to save their funds for future and treat it like an investment, that's fine too.

What worries me is when some people believe they're in a position to judge what others should be doing with their money.  I very much doubt people get into Bitcoin just to fulfill your wishes about making Bitcoin primarily a currency.  Stop and ask yourself, what business is it of yours whether others are spending or hodling?

Initially Bitcoin was meant to work as a payment system because Satoshi introduced it as a p2p payment system but after sometime people realized that Bitcoin can be a great asset for investment purposes. The investors started investing money into it and as more money came into Bitcoin the value of it increased overtime. Now in current times it works as a store of value and also as a p2p payment solution, but it has lost some of its p2p nature due to intervention of centralized exchanges. However, it still works as a p2p payment solution without any doubt.

Bitcoin is still a well known payment solution and many people are using it for that purpose even till this day. If you carefully read the signature campaigns of our forum then almost all of the participants that are working for those campaigns are paid using Bitcoin and that shows us the importance of Bitcoin as a payment solution. The payments made with Bitcoin are still decentralized and transparent at the same time. I don't think that Bitcoin will ever lose its main purpose even if it's value goes above $120k per coin.

Bitcoin also works as a multipurpose solution these days, it's working as payment system as well as a store of value. The ones who invest in it consider it as a store of value while the ones that are being paid with it consider it as a payment system. We can find example of both of those approaches in this forum. The payment system example can be found on the signature campaign threads where participants are paid with Bitcoin, and the asset example can be found on speculation board also on WO thread where people consider it as an asset of investment.

Xrp and chain link or which ever other coin partnering with banks completely defeats the sole purpose of what decentralization means and stands for , when Bitcoin was created or was in development, satoshi never envisioned that Bitcoin will one day partner with banks and other government owned and operated payment systems, if satoshi had any of such plans in his mind, he probably would have included it in the Bitcoin whitepaper.

Bitcoin was created to become a completely decentralized payment system standing on its own with no intermediaries, third parties what so ever , and Bitcoin , even though today is seen as more of an asset than a currency that should be spent on day to day expenditures, will still fulfill that purpose of becoming a completely decentralized payment option for people, without the banks, banks aren't needed ,they were never needed .

Why should you be sad to see XRP partners with banks to make international transactions while bitcoin doesn't?
It would be better because I can keep the bitcoins for long term investment and use XRP for other things.
But I also don't use XRP for international transactions because I still don't need to use crypto for transactions like when I use fiat.
It all depends on the readiness of the government, banks and business actors because if only we as bitcoin users feel ready while they are not ready, it will also be of no use.
So for now, it's better for us to focus on making bitcoin only as an asset while waiting for a government and bank decision.

Each coin is created with a different purpose and a partnership between XRP or Chainlink with banks is not an achievement to be praised or boasted about. Because they completely go against the decentralization concepts that bitcoin has created for us and it is lame to compare bitcoin to those shitcoins.

The path for bitcoin to become a payment method is increasingly remote, but if only to achieve that goal must cooperate with banks or become centralized, I am completely against it. Personally, I never expected bitcoin to lose its decentralization.

IMO, this is the same as questioning why bitcoin is so difficult to move at a time when bitcoin adoption rates continue to increase.

Bitcoin will always be difficult for them to accept as a means of payment in this case the government and banks because they cannot control the decentralized nature of bitcoin. In contrast to XRP and other altcoins which are easily accepted because of their different nature from bitcoin. As some members here have pointed out, comparing bitcoin to XRP and other altcoins really isn't ideal.
So, you don't need to worry and you don't need to be sad if bitcoin is not accepted as a payment system.

We need to see in which direction Bitcoin will go when its volatility decreases significantly. If it happens that bitcoin reaches some price level at which it becomes too large, then it will no longer be able to repeat the same cycles with the same growth as it was in previous years, and in this case there will be no point in using bitcoin as an investment, it perhaps become a store of value, some kind of inflation hedge, and perhaps at that time it could be used as means of payment if most countries accept it as legal tender.

More time is needed to understand which development path Bitcoin will take. And as long as it is a good investment tool, that is how it will be used, there is nothing wrong with that.

I fully understand what OP is worries about and share his idea. It might turn that people will see in cryptocurrency not only technology, possibility or chance, but only financial side (buy low sell high - in short). That we will never use crypto as it was intentionally created for, but rather only resell in to get profit. That imo is what pauses mass adoption. No one wants to use crypto worldwide. All we care is price to grow, get some profit and immediatelly turn that into fiat.

But we also can't blame people when they focus only on profits and ignore the factors that make bitcoin more popular. Even you and I both consider bitcoin an investment rather than a currency, how can we expect someone to sacrifice their interests to support the community for nothing?
While bitcoin cannot become a currency, I don't see anything wrong with it as an investment. It remains a decentralized asset that still benefits everyone.

Some things take a long time to happen. We are talking about possibilities, there is a possibility that what is said will come true. Generally speaking, Bitcoin is currently traded for profit. Few people care about the technology behind it. However, despite this being the case, even the decentralization that Bitcoin brings to us and the freedom to transfer without being dependent on the bank is a big improvement.

We all understand what the OP is worried about and wants to happen. Today, we can see that even those who want to see Bitcoin as an investment tool and make a profit benefit from the innovations brought by Bitcoin. I can't criticize anyone for their perspective on Bitcoin.

And that's the reason why most of the banks welcomed XRP as they are not a threat to fiat money. It would be hard to use Bitcoin as a payment to any transactions due to it's volatility. Imagine you bought something that cost $100 with Bitcoin then suddenly Bitcoin's value decreased drastically or increased. Some maybe would say it would be an advantage to the receiver as they can hold a lot of Bitcoin but only in a long run. Businesses needed funds so if those payments are still considered investment, what would be the capital to keep the business running right? It's just too complicated. It's volatility has been used as advantage for investment instead than using as a payment tool.

After all these years, we are still waiting for bitcoins to have a legal status and be accepted by the majority. You know it has not yet gotten there. When that time comes, and bitcoins become accepted, it becoming a medium for daily payment will no longer be in question. Investment is the mindset some people have for it at the moment, that is why they do not use it for transactions, but at a time, it will grow into both a means to transact with widely and something to invest in.

I imagine a future where bitcoins will be used as payment for large transactions, not for little payments.

Precisely. I believe its volatility becomes a big barrier from becoming a global payment system. It’s value is never fixed and it always fluctuates, so it’s really hard to make it especially as a legal tender. But despite of that, I simply love the idea that bitcoin will remain as a valuable asset or investment. That way, it will continue to improve people’s lives through taking calculated risks while investing into bitcoin. And at some point, will continue to frustrate people most particularly those who keep investing to satisfy their own greed and financial desires.

One of the things that hinders the use of bitcoin as a means of payment is probably its decentralization. I don't think countries want to take the risk of using a currency they can't regulate, besides that the fluctuation in the price of bitcoin is also very high making it difficult to convert the value of an item into bitcoin.

But, I believe that bitcoin will definitely become a currency and can be used for payments, it is only a matter of time until the bitcoin community develops and bitcoin will be effective for cross-border transactions.

Maybe we just have to wait until bitcoin will become the world's payment currency, maybe we need to wait another 10 or 20 years. I hope it will happen sooner

Bitcoin potential has made it far beyond payment method. If you look at it very well,weather if nobody uses bitcoin as a payment system,it doesn't change anything,what matters is that as long as it keeps it value and volatile nature. The government is another challenge that is depriving using the use bitcoin as a payment system to increase because it is illegal in some countries.

XPR can be use for payment because it doesn't have any value and nobody will love to hold it for a long term,nobody cares that much about altcoins. Also with fiat,we can't do without fiat since it is the primary currency for payment. We all have different purposes for buying bitcoin and this is why it wouldn't be possible for the rate at which bitcoins serves as an alternative payment method to increase in the nearest future.

People try to adopt things that are not so costly, and banks also adopt things that would remain under their control, which means centralization. And we both know BTC is proving none of them. For example, a small transaction will cost around 0.5 to 3 dollars. It rarely costs us 0.5 to 0.9 dollars because most of the time a single transaction, whether it is for a product or not, is $3, but the fee will be around $1. This means the transaction fee is the main thing that is preventing merchants from using it for payment methods. But let me tell you, if the transaction fee becomes lower, then BTC will be the most used coin for such purposes.

I think that day will come when the cost of transaction fees will be lower and more affordable for small merchants.

This is difficult to anticipate or guarantee because many people join bitcoin on a daily basis with the purpose of investing rather than using it as a payment system.  Because of bitcoin's unpredictable nature, people prefer to invest in it rather than use it as a payment system for buying and selling services on a regular basis. I don't blame such people because they are attempting to decrease the potential of risk being taken.


Satoshi developed Bitcoin to be primarily used for payment reasons as an alternative to the centralised money we use. The investment part makes it a more viable choice with lower risk than the payment option. Even with what XRP and Chain Link are accomplishing right now, they still have drawbacks.

The initial concept is that we still have to know that bitcoin is only an option and indeed it is already happening even though only a small percentage are doing it because basically expecting something like this globally does not mean it cannot be done, it is just very difficult to do.
There are still many people who don't even know about bitcoin and right now we are just a commodity but of course that's good.
I don't really care about whether it's going to be global or not but as long as the regulation on bitcoin is still understandable I think it's still going to be very fine and I'm comfortable with something like this. there's no need to ensure or force them as legal tender globally because it's a hard job to do and forcing it is just going to make it harder for us as bitcoin users because of the regulations.

Bitcoin is something we don't predict when the value will fade and when the value will be recognised generally, this question has been a general question to everyone who is into cryptocurrency and mostly bitcoin, what I want you to know is that Bitcoin is a currency that government always kicked against and before it can be payable system across the world that means world Bank will recognised it adoption, right now bitcoin can be use as a system of payment because of your options in bitcoin, and secondly individual kind of payments, I can establish a business and I will decide the payment system, I can decide to make payment with bitcoin or to make payment with fiat currency, its basically my choice, but aspect of government making bitcoin a payment option, it will take time that means bitcoin will be a legal tender across the nations.

Indeed the lightning network is a ground breaking discovered and I feel bitcoin been used as a global currency can be achieved as we have bitcoin ATM machine already and so many other initiatives that can help this full adoption and I feel it's time that has the final say because the whole adoption can't happen suddenly, it's a financial evolution and slowly it's going to gain ground.

XRP? Really? Are you really trying to compare apples to oranges here and claiming oranges and claiming apples are better because they have more uses?

XRP is a centralized and premined shitcoin. It's been partnering with companies since 2013. Do you remember times when Garlinghouse wasn't even the CEO? They had partnerships already and everything was going so slow for them that even dumping their own premine on investors wasn't helping them.

I guess as long as there is volatility with bitcoin, I don’t think it will ever become a legally payment system all over the world. Although its designed to become a currency, but it’s not bad after all having bitcoin as a precious asset or investment, isn’t it? The fact that bitcoin still provides great opportunities for us to be financially free not just today but eventually in the future, well I guess it’s utility case is more than superb than seeing it as a currency. Bitcoin continues to change lives, especially for those who knows how to maximize their risk with bitcoin.

Yes, if we can find a solution how to solve the scalability problem for bitcoin instead of creating another altcoin. We are actually close to filling this gap now with the help of LN (lightning network). However, it has not been widely used for now, but we'll get there for sure.
Another thing, even if we can solve all this problem, let's say we are able to manage to lower the fee and speed up the transactions, do you think people would still be willing to spend their bitcoin knowing how highly volatile asset it is?
Bitcoin are actually too valuable to spend for someone who's trying to save as much fractions of bitcoin as he can.

Please don't compare Bitcoin to shitcoins like XRP or Ripple or whatever centralized shite. Bitcoin is not a "daily payment system" and will never be (LN can be used as one though). It doesn't sadden me at all for some reason. What's more important is Bitcoin adoption and how many people know what is Bitcoin and how it works. And I guess even any homeless person knows what is Bitcoin in 2023.

Bitcoin has become a very valuable scarce asset. It's normal people prefer to use it for long term investments instead of using the cryptocurrency for daily payments. There is a wide mentality of saving BTC maximum as possible, otherwise you might not have access to it futurely once the price skyrockets for real.

I believe once the price stabilizes in a higher price range than we curreny have, we are going to see Bitcoin being used as currency more frequently. But it must take a long time yet. I predict something around 10-20 years.

It's not something that can't happen, it's possible. However, this will not be easy to do. Using Bitcoin as legal tender for all countries is of course directly related to regulations in that country. However, a country must have strict regulations for this. Maybe this is not as easy as it is accepted in big countries, where Bitcoin might easily become a transaction tool. But in some countries, the government says that this is difficult because Bitcoin is decentralized so the government cannot control it, so they will also find it difficult to manage and control how Bitcoin will be used as a transaction tool.

Until it was not fully recognized as a legal currency all over the world, digital currencies like Bitcoin would remain as an investment rather than a currency. Yes, people don't see it as a useful currency because they can't even use it to buy stuff in their place so instead of using it, why not consider this as an investment which in fact it gives them a huge profit compared to another form of investment? This is one reason why people have the choice of Bitcoin rather than spending their money on other businesses.

But Bitcoin being a payment system is always present in the system.  People can do both to Bitcoin, use it to pay merchants and use it as a speculative investment.  I do not think that the capability of Bitcoin to be used in payment systems has ever diminished as people look at it as an investment.  If you observe fiat currencies, the dollar, and other currencies are also considered investments for many people by taking advantage of the exchange value fluctuation, and yet their capability as a payment mode does not degenerate.

So I think this kind of scenario (Bitcoin being an investment) is a natural occurrence and we should not worry about the use of Bitcoin a payment system because it is always present anytime people decided to use Bitcoin to pay for their goods.

Clearly in recent times Bitcoin has been more popular as an investment and store of value than as a daily payment system... That is why the usefulness of bBitcoin in the approach that you want to give it as a medium of exchange continues to be a matter of debate and evolution in the community... we cannot take away from Bitcoin that its decentralization is one of its fundamental principles, and although this can make it difficult to quickly implement certain features or improvements, it is also one of the features that attract many users. Many believe that Bitcoin has found its niche as a form of digital asset and store of value similar to gold... But this was not the idea of Bitcoin in its early days, so this perspective considers that mass adoption as a payment system may not be the main avenue for Bitcoin and that its uniqueness lies in its ability to act as a decentralized store of value

sure, anything can happen, but the fact that Bitcoin is the only global means of payment that many dream of, I would say that I am sure it will never happen..

As I also said bitcoin becoming a currency or an asset is not a big deal as long as it is beneficial and useful to us it will never be considered a failure. It can only be considered a failure when it doesn't offer any benefit or use case. Moreover, when bitcoin becomes an asset, it is more beneficial to us, both profitable and can become a store of value...In general as long as it retains its decentralized nature it brings a lot of benefits even though it cannot become a currency.

this will come once the world finally accepted and let this to happen , but as for now? we must be contented on what we have for bitcoin.
well, but see what XRP has to be? trying to steal the momentum from bitcoin lol.
am not sure if i am going to support this because you have no complete basis of this about.
it is still your choice mate, but for me? this is one or the best payment tools, may not now but in the coming years.

I am also seeing the possibility that once bitcoin will be globally accepted as a mode of payment, which means having partnership with banks and other centralized financial institutions, then we will no longer see bitcoin as completely decentralized crypto but maybe less decentralized by then. When that happens, I’m sure a lot of us will feel bad for it and expect that privacy and anonymity will be put at risk.

Everything changes according to developments that occur. Maybe at first, bitcoin was designed to be used as an alternative payment that did not involve local and international banks. But when crypto is growing and many parties enter crypto, they see bitcoin as a valuable asset so they don't use it as a payment.

They are looking more at other coins such as XRP so they research further to find other potential. It doesn't matter if XRP will be used as a payment for international transactions rather than bitcoin. Anyway, for now, people are still using bitcoins for various purposes too.

I've always believed that the decentralisation of Bitcoin reflected democracy. The restoration of the people to power. However, democracy is not perfect, correct? It shifts form.

Gold is a valuable reserve of value, similar to bitcoin. However, did we not transition from gold to fiat currency? It develops. The thrilling transformation of Bitcoin from a medium of exchange to digital gold is not the objective.

Due to Bitcoin's decentralisation and value storage, traditional monetary systems may be able to achieve a state of equilibrium. And as a barrier. As for being the worldwide payment system? That is a tall undertaking, dude. It would be like expecting everyone to enjoy every barbecue dish. Not possible.

I don't think that Bitcoin will ever be used as a day-to-day payment solution because it's more valuable than ever, for something that adds more value than before people will want to keep and hold for the long term so that they can make money from it, using such valuable asset as payment will feel like a waste to many people.

I don't have any problem if Bitcoin never becomes a payment solution, What many want is more money and that's why they are in Bitcoin, as far as Bitcoin keeps adding more value then investors are very much satisfied.

For those expecting Bitcoin to be friends with banks and centralized companies around the world let's not forget that Bitcoin will remain decentralized, I don't think it will be easy to see this happen, it's under probability.  

I am referring to bitcoin's potential as a global currency just like widely accepted currencies like USD, if we are discussing the mere acceptance of Bitcoin by a handful of businesses in countries, it is hardly noteworthy enough to be mentioned. I don't know what country you are from and for my country I haven't even seen a store that accepts bitcoin for payment.


Have you ever wondered about how many people have used bitcoin for payments, just like you? Or perhaps you are among the few who use bitcoin as a means of payment? My country doesn't ban bitcoin but 100% of people I know are using bitcoin as an investment. I don't even see anyone mention it as a payment method let alone anyone using it.

I guess people most frequently use is the XRP because it is reliable and at the same time it has a low transaction fee We know how does Bitcoin works when it's congested and fees come over with the 0.15$ to 20$ real quick because of the demand but with the xrp still less than a dollar, so possible reason they adopt this than the bitcoin, but the third party or the organization itself does not limit the use of mode of payment or transaction with XRP still they are supporting the use of the bitcoin, their target is convenient so they only give people an option with it.

It would definitely require a bit of improvement to the current situation to become a currency, right now it's slow and expensive to use in many places and we are not going to see any changes like that anytime soon. We need to make sure that it is not going to be a good thing and we need to end up with like some improvements on the pace of it, it needs to be instantly, like 3 seconds is all we are willing to wait, or maybe like 10-15 if it is too great.

But also we need to make sure it is not costing us a lot, we should be doing something much better like for example 1% of all transactions capped at $1 at most, because otherwise it is way too expensive to keep using it right now and can't be used for small amount transactions.

It still has to be a long time before Bitcoin becomes a common means of payment and maybe it will never become so, but think about how many people already make transactions in btc especially those who don't have banking access, they aren't that few, right?  His time will come, just be patient

How can people who don't have access to a bank use bitcoin? I mean, bitcoin is not free and to own it you need money, a bank account to buy and sell it. Are you using bitcoin without a bank account? Many people have said the same thing but I really disagree on this one. As long as bitcoin cannot become the world currency, not a measure of value like fiat, and if we want to use it, we will never stop depending on fiat. We should not deny this.

it's rare for people to make payments using bitcoin, because bitcoin has fluctuating properties so eventually people will be more comfortable making payments using fiat money, and also not all governments and countries allow their people to use btc as a means of payment, and of course they too have reasons, but I don't care about that because the most important thing is that I can make a profit from investing in bitcoin.

It's very simple, often a family in a poor country makes the choice to send a member (choosing that he is in good health) to an industrialized country.  For example, many migrants from Africa often arrive in Europe.  Once these guys arrive in a stable country, they have to send money to their families and use money transfers, but they have high taxes and are not always present in small towns, so to pick up a family member in Africa, they would have to move to the largest nearby city and risk also of being robbed once you get out of the money transfer.  Instead Bitcoin solves this and does it by reducing sending costs, time and security and of course you don't need a bank account.

Yes, today the scalability of integrating Bitcoin as a payment system is not so great, but there is still a trend. The fact (https://bitcointalk.org/index.php?topic=5354143.msg62625945#msg62625945) remains.
Most entrepreneurs and businessmen are still afraid to accept crypto due to high volatility. They do not have confidence in price stability and this scares them away. There is no stability at the moment. It is easier to use StableCoins, but there is no decentralization, which is contrary to the basic principles of cryptocurrencies.
I believe that the moment will come when many people will understand the benefits and value. They will use everywhere payment and settlements in this way, and not only in the form of assets for investment, speculative operations.

Will there ever come a day? Nah, as long as we have governments trying to regulate people's money, there would be always something to regulate and Bitcoin isn't up for regulation unless used through centralized platforms like CEX or any custodial wallets.

XRP are partnering with banks since they had someone to contact unlike...... well with Bitcoin. It isn't drawing back Bitcoin though.

I am okay with not all establishment would adopt Bitcoin though.

Based on lower fees transaction actually XRP is better but its not promising as investment assets or payment currency transaction with up and down speculation price. Although Bitcoin with highest fees transaction is better than XRP without get risk price drop suddenly after adapting as payment currency transaction and we need longer time for selling XRP in huge amount. For smaller business is not matter when adapting XRP as payment currency transaction because spent around 0.15$ for fees, but how possibility with huge amount and too risk when using XRP as less risk with fees but have get lower price when XRP sold. For businessman they are not worrying about how much have spent fees but they need price stable with first time transaction.

So you don't have a government trying to regulate people's money? Something I don't quite understand. If we are talking about fiat, then there is nothing to even think about. Everything is under total control.
And today, the trend is that states are starting to implement CBDC, which will tighten supervision over all transactions in the national currency of the country.
This can be avoided if you use crypto transfers, but not StableCoins. These are completely controlled by the financial regulator.

It will definitely be difficult for Bitcoin to turn into a widely accepted payment system due to its scalability and reliability for large volumes of transactions. Moreover, the economy that has been built for Bitcoin is now very good, there is no need to make it a payment system that can be used massively.

But I don't think that will happen. I mean, altcoins are controlled by a company or an individual while bitcoin is controlled by the entire community. It can be said that altcoins were centralized from the beginning, and all decisions were made by one person, but that cannot happen with bitcoin. Bitcoin maximalists would never agree to let bitcoin become centralized just for the sake of becoming a currency. They will not compromise with the government, that is what is happening and they will maintain that position.

If bitcoin becomes centralized then that is really bad and that is the end of the decentralized system.

We can't turn that way too easily when the adoption of these merchants in accepting Bitcoin as a mode of payment is very slow. Even 10 years from now, we can't expect that the majority is using Bitcoin as a mode of payment but still, as a form of investment. While people saw this as a great investment, it was hard for them to be convinced that it was good for payment purposes as well. That is why some will say that it was a failed project as a form of currency but on the opposite side, it was a great revolution in investment platforms.

That dream will be difficult to bring to realization with the speed of 10 minute confirmation, the world is too large for that kind of patient. If bitcoin has had the speed of an average second to get through without having to wait, then the adoption of the payment will go together with the investment. The lightning network is there though, but people don't use it the way they use the main layer, people prefer the return value to the transaction freedom it offers.


XRP has been a hype and a shitty community if you ask me, haven't you look there growth beyond the media, the only thing they are good at is public relations, the value has not been something to talk about or should I say it has been the opposite of bitcoin, fast transaction and low return, there are even other altcoins that are faster and valuable than XRP but don't make noises like XRP armies.


Perhaps the bitcoin layer 2 will continue to grow but right now, I don't think the main layer speed will go more than this and the adoption might grow though but not linearly, there is set back of speed and we can't get people to use it in that state; Ordinals became the hot next thing in crypto and we all observed how messy the transactions becomes and the mempool became filled up, imagine how it will be if the rest of the world want to use bitcoin.

news, including that of Bitcoin Spot ETF approval or rejection, is just one tile in a mosaic of market influencers. News can act as a catalyst, but its the underlying market liquidity and capital flows that truly drive momentum.

You're absolutely right; new investors should be cautious not to fall into the emotional traps set by sensational news. Keep an eye on the bigger picture, understand the economic levers at play, and the market's natural ebb and flow will become less intimidating. Remember, its not about timing the market; it about time in the market.

Some reasons from my perspective:

Bitcoin isn't scaled up enough to be a daily payment system, neither is user friendly, securing and using funds requires a good amount of knowledge. Lowest fee transfer takes 50c, why would I do that when I can do the same using fiat with 0 cost, what exactly does Bitcoin does better to be used for daily payments?


Bitcoin does 7 tps and XRP does 1500 while Visa does 1700 — ofc ripple comes most closer to what's already adopted and it's much cheaper than BTC.


What am i missing about chain link? Isn't it just price fetching Oracle?

right, not only the limitations that bitcoin will have if used simultaneously, but there are also obstacles that not all of them can accept to be used as legal payments, but they must be changed first with those that are recognized.
currently the use of bitcoin has made a lot of progress even though there are still some obstacles, but this is enough and you don't have to use it in general like using US$. because payments can already be made, some can be done immediately and some can also be changed first, but the principle can already be used.
so I agree not to have to force it to be used for payments more broadly.

Well bitcoin  is a decentralized digital currency, atleast  that has been the primary definition I've known of it which simply  means is a currency in a digital  form.
The usage of bitcoin  is solely dependent  on the holder and I believe  one of the striking  factors that has kept bitcoin  above every other cryptocurrency is it's decentralization and volatility  and one of the the things that makes bitcoin and cryptocurrency in general really interesting,  is it's volatile nature which people are already gaining from.
I think if bitcoin is solely made a payment method, it wouldn't gaining this much acceptance.

When I hear about high fees, at times I get to ask just how much fee is been spent on transacting bitcoin and in most cases, its ways minute. A little more than  one would spend on gas to get to a bank, go through the rigorous process of filling forms,file them appropriately and send some payment to someone at the other end of the globe.
At the moment, the challenge with bitcoin  remains volatility as this affects other aspects to it being, network congestion as, it could create more buy or sell situations which consequently reflects in the fees but still,the fee is something that could be contained with when we scale the volume and purpose of the transaction.

Bitcoin isn't here to out traditional faith banking systems as well as how we buy and sell everyday products/services but to provide alternatives.

It is our main hope that Bitcoin can be accepted as a means of payment everywhere. but this will not be easy to do. Maybe one day everything will change and Bitcoin will be accepted, but I don't know when. Because after all, it is still struggling right now, Bitcoin is still struggling to be accepted in all places and everyone in the world, even if only as an investment tool or trading activity. However, Bitcoin still has a long way to go and still stretches wide. It's a matter of time. Maybe it won't be easy, but it's not impossible. Maybe not 100%, but at least a large part of it.

Right now, the volatility factor is the main reason why people are going into this market.
So it is more on like investment opportunity, because the high volatility will give them a chance of profits.
But once this market stabilizes its price, I believe, that's when we will start seeing a lot of merchants accepting this as one of the payment methods.
Because right now, that's the concern of most merchants, the volatility aspect of this currency.

What do you expect? Bitcoin is a highly volatile asset so it’s hard to anticipate that it will be legally adopted as a payment system. It has never fixed value unlike fiat. That’s why I’m good at it being a tool for investment. Although I’m not against on it being a payment mode in the future but i still can’t see the high possibility of accepting it in the market. Bitcoin is more suitable as an investment for now since it offers a lot of potential profits especially if you are good on dealing on its volatility case.

Yes, cross-border remittance is a prominent feature of bitcoin, it is a great way for our loved ones to receive money without spending too much transaction fees and time. But in African countries, have they legalized bitcoin as legal tender? And they allow people to use bitcoin as an alternative payment method to fiat like El Salvador did? You will send bitcoins instead of fiat through a 3rd party service, but how will your loved ones use bitcoins, and how will they convert bitcoins if they don't have a bank account? Let's be realistic, to be able to use bitcoin, we still need banks, we still need fiat, man.

No investor is against bitcoin becoming an official means of payment or currency, but we need to look at the facts a bit. No government will accept a decentralized and highly volatile asset as currency. As bitcoin investors ourselves, we are not comfortable using bitcoin as a payment method because of its volatility. I'm okay with buying bitcoin at $50k and holding it until it makes a profit, but I wouldn't be stupid enough to buy bitcoin at $50k and spend it when it's only worth it 20 thousand dollars or 30 thousand dollars. Not only me but everyone will not have the courage to do that.

We've been hearing for many years that XRP is partnering with banks and nothing has really come of it. It's meaningless shitcoin marketing. There are much better options that banks can use instead of Ripple like stablecoins,CBDCs, or some other digital currency which they have direct control over.

Bitcoin can't become a widely used global payment network without making significant sacrifices to it's decentralization to achieve the scaling required for mainstream adoption. It will be a long and slow process if it ever happens but it is much more important to remain decentralized and secure.

Right, volatility is why you, me and everyone here is in this market, profits are what we are all looking for.

Of course, once the market becomes stable more merchants and businesses will accept it as a payment method. But my question is if it becomes stable will people continue to use it? I don't believe it will still be able to attract as much attention as it does now. Not everyone will leave bitcoin, but there won't be too many market participants if bitcoin becomes stable.

Things are changing, now bitcoin ETF looks like something that will work after the Greyscale success over SEC, if ETFs start getting approved you can be rest assured that many payment services will start implementing Bitcoin as payment, and stores will see no reason not to include Bitcoin payment, its been a long term war over centralization and now it seems Bitcoin is becoming friendly and reliable than other centralized crypto projects that you feel it's way ahead of Bitcoin because they are working with central bank.

Bitcoin is decentralized, but it's far more reliable than other crypto projects, sooner or later the centralized authorities will understand this and they will have no other choice than to be friendly with satoshis invention.

Maybe they haven't legalized Bitcoin as legal tender like El Salvador but it shouldn't be the only possibility to be able to use it, let's admit that in the town or neighborhood where you live the shopkeepers are starting to accept it all so why do I need Fiat?  or a single individual with a foreign bank account and an account on an exchange would be enough to receive bitcoins and exchange Fiat directly by hand.  In Lebanon a guy had opened a physical exchange that worked exactly like this, I saw it in a service from an Italian TV station.

Aren't these institutions starting to get friendly with Bitcoin?  We can see the difference in how they view Bitcoin now.  Before they see Bitcoin as a Ponzi scheme and a scam that is only created to scam people of their money.  Bitcoin is used to be considered as a criminal way to do illegal activities.  But as time goes by,  they see that they were wrong and the focus of many countries now is how to implement regulation in order to take advantage of the opportunity the Bitcoin industry has to offer.  Other institutions are even considering Bitcoin to be a mode of payment where it can be an alternative option to pay for the goods we buy.

Well, not everything is as bad as you think. Already today there are a sufficient number of places where Bitcoin is accepted as payment. Basically, these are the developed countries of the European Union, the United States.
The integration trend is not so fast and large-scale, but it still exists. There is no need to despair about this. There will come a time when this phenomenon will become ubiquitous.

Bitcoin has not emerged as a new player within the same rules as in the traditional monetary system, which has been officially accepted within the borders of the countries and where certain currencies exist. Bitcoin has created its own definition and ecosystem. In this case, there is no limit in terms of Bitcoin and value transfer can be carried out between any two nodes in the network, regardless of which country they are in.

Therefore Bitcoin has emerged with a completely new understanding and I think it is not very meaningful to try to interpret it with the rules of the established financial system. What Bitcoin offers us is to ensure that interpersonal payments can be made without intermediaries, commissions and in a reliable manner. Bitcoin is a system designed to be used in daily life but today it has become a trading tool and a kind of investment tool due to price volatility rather than being used in daily trading. For now, i think it will be difficult for its use as a means of payment to become widespread.

I see that there are positive changes happening towards bitcoin, and financial institutions are starting to discover the potentials of bitcoin as a currency. However, if bitcoin remains to be highly volatile then it's hard to use it as a currency when its value fluctuates from time to time. Users will end up being confused on how to use and manage their bitcoin at a stable rate. But if global adoption will eventually take place for bitcoin, probably most likely bitcoin by that time will be less volatile and will be less decentralized I guess.

It's hard to argue with that, of course. Still, it seems to me that scaling will continue at a slow pace. Yes, do not break the current financial system, because. it showed everyone a certain stability, but there are also radical failures that can be expressed in many parameters.
I prefer the standard financial system, but I'm not against the alternative one, which is given to us, for example, by the same Bitcoin. Why do people use it? They do not want government agencies to invade their privacy, especially when it comes to personal money.

yes, many people are interested in bitcoin, one of the reasons is because bitcoin can be used as an investment asset and many people take advantage of the fluctuating price of bitcoin, and in my opinion we should enjoy the current state of bitcoin and I think making btc a means of payment depends on the government and their respective countries because of course as a good citizen you will of course obey state regulations, as do I, who always obey state regulations, and I don't want to violate government and state regulations. and the government in my area allows people to invest in BTC, but public are not allowed to make payments using Bitcoin.

I think if BTC was only focused as a means of payment then BTC would not be as famous as it is now, and I think there would definitely be many countries and governments that would ban BTC. but by making btc as an investment asset, bitcoin will be fine as it is now.

But I feel that Bitcoin in the internet world has been a means of payment globally and for a long time. Even whether we realize it or not, those of us who join the signature campaign have also been paid with bitcoin. And I feel that this is good enough. I don't care about payments in the real world which will continue to use regular fiat. But in the digital world we are used to paying with bitcoin and altcoins. El Salvador and the Central African Republic have made Bitcoin a means of payment in their countries. And I am optimistic that in the future there will be more countries that support Bitcoin as a means of payment in the real world.

BTC will probably never become a globally accepted payment method and that's ok since it has many other advantages over traditional FIAT payment methods. This is why I feel that using it an asset primarily isn't bad at all.

It helped drive its adoption rates upwards drastically around the world which is what truly matters at the end of the day.

Gold was once a payment solutions and was used all over the world in the past but that's no longer the case as isn't a payment solutions anymore and now an assets use to store value over time. Bitcoin is doing the same thing but in a reversed way because Bitcoin is starting as an asset that's used by individuals for investing and storing of value of their money but in the future, bitcoin will be used as currency as it's inevitable due to adoption happening.

The world is governed by centralized government with their centralized money but Bitcoin is a decentralized money which is the greatest disadvantage it has but it's also it's biggest advantage as it shows how superior bitcoin is from the rest fiats currency existing.

I don't think the adoption that's happening means bitcoin will inevitably become a currency, the two have nothing to do with each other.  because as you also said, the government removed gold from the means of payment and instead they used centralized currency.  while bitcoin is decentralized, how will governments accept it as a currency?  honestly, decentralization is what governments hate the most about bitcoin, so I don't see bitcoin becoming a currency as long as the government is the one controlling the world.

Well, that is something to consider but what is trying to see is that it was also been used in our locality. But sadly, people are still thinking that it was ideal for investment purposes, not as a currency. In fact, the reason why many people are buying Bitcoin and holding it is that they are thinking about the possible huge profit earned when it comes bullish. So instead of spending it and buying stuff, or using it to pay bills, they prefer to convert it into fiat money. Might El Salvador have carried it out and the government supported it but seems not going to happen in other countries.

That is true but at the same time I would guess that it is an indicator, not the only one but one of them. Which means that as long as this adoption increases, it could also be considered that people are more inclined to use it as a currency these days. It is obvious that we are not going to end up with a situation that would be easy to handle, but I could say that we are going to end up with a situation that will be a bit different in the end.

I think it would slowly be something that would be a bit decent on the long run. So hopefully, if they can do something that benefits them, then we could see it change one way or another in that regard. I believe that it will not be that simple and we should be considering it as a chance.

I understand what you are saying but I think it depends more on the government.  because if the government accepts and recognizes bitcoin as legal tender but they only allow us to use it as a commodity or asset, then people using it as currency will not happen.  like many countries have stopped banning bitcoin and legalized it but they only consider it as a commodity and people there only use bitcoin as an asset. No one dares to accept or use bitcoin as currency. 
I don't know what bitcoin will look like in the future, as long as it retains its decentralized nature, whether it is an asset and a currency, it is still useful to us from many different angles.

I think Bitcoin was supposed to be limited to your ownership and it is doing that just perfectly. If you look at it on micro level those who are holding bitcoin for financial gains are way happy and also anonymous.

The concept of making it global payment currency is but overstretched. Bitcoin doesn’t need to be global powder for its operation. Even with single miner and 2-3 peers; Bitcoin can sustain its transactional nature. The basic purpose is to have integrity of your transaction and peer to peer system that’s already being followed.

All these concepts of exchangers, having bank collaboration and everything has came in way later.

The benefit of bitcoin being an investment compared to being used as a currency is heavily outweighed by the fact that bitcoin is a volatile and that it's so valuable to be constantly traded so I get why it's not a popular as a means of currency. Plus the continuous negative PR all these years about bitcoin as a tool used by criminals to buy stuff probably damaged bitcoin's image to the public and we know that the average public isn't famous for thinking for themselves and they will just echo what information has the loudest voice and the regulations involved in some countries is ridiculous in a way that they believe that you don't want to pay your dues to your government, if we can get through those hurdles that I've mentioned and those that I didn't I think we will see a big growth in bitcoin when it's widely used and trusted as currency and not just any investment.

The argument that Bitcoin was used to launder money from illegal business long ago lost its validity. Because people who do business in this way were doing it before Bitcoin existed and they were doing it after. That's why we shouldn't be concerned with what is said to Bitcoin on this subject.

These things, which were spoken in every bear period, could not prevent Bitcoin from rising. There may or may not be a grain of truth, but it is wrong to pretend that the whole problem is in Bitcoin.

There is still time for Bitcoin to be used as a valid currency. Bitcoin must first complete its rise and many states must legally accept Bitcoin. After all, when it gets rid of volatility, it can be used as a currency. I think it's too early for that yet. The fact that Bitcoin has volatility is one of the biggest reasons for investing in Bitcoin. So Bitcoin needs volatility and will continue with volatility for a long time.

It's okay but even so, we can say that it's totally accepted globally since many countries and people have recognized it for its use not just as payment but mostly as an asset and that's okay. But yes, that's one reality that you can't everyone in terms of the acceptance of it globally as a payment method.

Yes, that's what really matters at this point. Before, the early adopters have only one thing in common and wished for and that is what we're experiencing and what bitcoin has achieved right now, it's global adoption and presence.

The regulations in your country don't seem to be much different from the regulations in my country currently because in the country I live in now, everyone is allowed to invest in Bitcoin as long as they don't violate state regulations. However, for payments you still have to use the country's currency and you are not allowed to use Bitcoin, but I always differentiate between country regulations and the investments I carry out. Because an investor who wants to live more comfortably by running his investment in the crypto space which is more dominantly for Bitcoin. The investor certainly will not do things that are contrary to state rules because in truth he only wants to make a profit through his investment as long as what he is doing does not violate state rules.

I don't know on what basis you say it like that, but if you try to explore the popularity of fiat currency that exists in every country with the aim of using it only for payment, do you think that most fiat currencies in the world today are not well-known enough? Or try to take an example close to your own country's currency where almost all residents in your country know it and even people who don't live in your country also know about your country's currency. So what is your understanding of Bitcoin, which if it focused on payments would not have become as popular as it is now? While there are many people who want to use it for this like they use their own country's currency.

I agree it will take a long time for bitcoin to be used as a means of payment. The use of bitcoin is more popular in the online world and because of its decentralization nobody controls it so bitcoin is illegal in many countries around the world and many people do not know how to use it as a means of payment. Better to invest in bitcoin as technology and financial systems change, the use of cryptocurrencies will continue to grow and evolve. Individuals should carefully consider the risks and benefits of investing in cryptocurrencies.

It's volatility is also one of the factor that causes Bitcoin to be used as mode of payment. Due to its value changes from time to time, people tend to take advantage of that situation making Bitcoin much suitable for investment but we all know that Bitcoin were made to become an alternate currency. It's decentralized feature is not the only reason why most of the country banned it, since it's also consider as a threat to their currency that might cause chaos to the current economic status. Of course in a country if they having a hard time to manipulate something they wouldn't allowed it. With that reason, no involve government is equals to no tax involve to any transactions that why people also loves crypto.

I don't have the data but I doubt that XRP is any close to become more mainstream than Bitcoin as a global currency. Since the very first time, I think everyone would know that making Bitcoin a global currency that is agreed by all government in the world and unionize them is very radical idea. It would need an extreme level of political will of every governments to agree to accept something that is not controlled by single entity as a common currency for all, currency means power, we can see how US dominate politic and economy with USD, and we are now watching how China are trying to take those throne on USD with their RNB.

My point is, the worst could happened, Bitcoin may still be an investment in 10 or 20 years or even we may will not see, in our lifetime that Bitcoin become global common currency, but at least we are some of few people who are trying to start a decentralized currency that we all agreed is better than the current centralized system.

I don't even know how these 2 can be compared. We all know what the Bitcoin is, but I think many are confused about what XRP is. XRP =/= Ripple. Ripple is a global payments network offering multiple solutions, but some of them don't require any use of the XRP token at all. So it's entirely possible that Ripple can achieve global success and yet XRP could fall to zero.
That's the risk of investing in cryptos that promise to be the new cutting-edge tech - you never know how will that pan out, plus, there will always be newer projects promising even better things.

I wonder what were the achievement of these two altcoins?  Is it far from the achievement of Bitcoin? If yes, why are these two altcoins still below the dominance of Bitcoin?  Aside from that it is in contrast with the idea of P2P if Bitcoin is to entrust its ecosystem to banks.  Since Bitcoin promotes freedom in transactions, I don't think there is a need to partner with banks since it will hinder the growth and promulgation of the concept Bitcoin is aiming to provide.  Aside from that XRP developers had been milking their supporters for years through their monthly unlocking of XRP holdings to sell in the market.

Hey mate
Nothing changes, bitcoin still remains as it is or previous being stated to be the payment system but how we understand it is what matters. Bitcoin is still available to be used but people finds it worthy valuable for to hold as an assets that appreciates overtime and overly, that is why people focused their efforts towards holding bitcoin than another currencies out there and besides is XRP it a decentralized finance?
So they are free to go into partnering with any bank or whatsoever for quicker payment mothed. You can still use bitcoin as a payment method nothing stops you or limits you, originally bitcoin was being created to be as alternative means of payment the people around changes the whole concepts to as an investment tools that would keep generating money at completing its halving. At this point would you accept to release the little bitcoin you are holding if I may asked you?

Is Bitcoin an asset or a payment system? The answer is - both! Bitcoin was created as a peer-to-peer electronic cash system, yes, but its deflationary nature - the halving events you mention - make it an attractive store of value. The 'double-edged sword' lies not in Bitcoin but in our perception of its utility. Lets not forget, Bitcoin transactions are irreversible, offering a level of freedom from traditional financial systems.

As for XRP, its centralized nature makes it a different animal altogether. It can partner with banks because it's designed to be a bridge currency. Different strokes for different folks.

Would I part with my Bitcoin? Depends on the opportunity cost. If the utility of using it as a payment method surpasses holding it as an asset, absolutely. Make sense?

What I feel is that they have now started doing it publicly, and they must have understood that Bitcoin had great potential a few years ago when it first hit its all-time high of $69k, I'm pretty sure that most of these institutions and individuals that are billionaires or millionaires that might have said bad things about Bitcoin must have started accumulating Bitcoins backstage and not letting anyone know about it as that would make them not look cool.

However, now all the institutions, companies, and influential individuals have started coming out to the public and announcing that they are accumulating Bitcoin and are confident that it will have a greater future and can be used in our benefit which they weren't understand at the beginning.

As long as people can make profits out of Bitcoin investment, they will consider it as an asset. Bitcoin is a multipurpose cryptocurrency. You can use it as an asset or use it as a payment system as it was created. You are the one who will determine what you want to use it as.

Banks and governments will never choose Bitcoin, because it is decentralized. No matter what, they can't control it. And for this reason only, they will never choose Bitcoin as their main choice. There are other factors that are included here too. But they are minor things that XRP and other cryptocurrencies have too. They are not much of a problem.

When all the Bitcoin will be mined, we may see stability in the market. Maybe then people will use it as a payment method rather than an investment asset. But that's a long way to go. Only time will tell.

I'm new here and I can't find where to post a question regarding a trading platform. Maybe you can answer my question or point me in the right direction as to where to post. The question is regarding crydex.cc - have you heard of it? used it?

Just accept this and be contempted with bitcoin, as long as nothing changed about the initial plan for it creation then don't ever expect anything strange or funny to see bitcoin turn to, this digital currency is a decentralized coin that can't be influenced by anyone, it's rather depends on the protocols on which it was developed, bitcoin will always remain a decentralized digital currency, asset and investment with nothing more. 

Bitcoin is like 13 years old, still nowadays there are people who don't own and/or credit cards despite the fact that have been invented back in 1950. Bank accounts? How many people don't own a bank account? Billions of people. It's going to take a lot of time for adoption to actually spread, and for sure if and when big retailers will accept bitcoin, that could potentially be a game changer.

Yeah, I know right, the only reason why mentioned XRP it's mentioned in the OP's post. The only thing that can put Both Bitcoin and XRP on the same category is because both are cryptocurrency, but still Bitcoin is decentralized, while XRP was controlled by Ripple, I also don't think that Bitcoin are in anyway comparable to XRP.

One thing you need to know is that those coins or tokens you mentioned are centralized. They are owned and controlled by somebody or some people, so these people make deals and find ways that their coins can go further. Those banks and payment systems that accepted those coins get something out of those deals.

That being said, I believe Bitcoin is growing well. Maybe not as much as we would like it to, but it's growing and that's all that matters. As far as there is growth, the pace shouldn't be a focus. I have made payments with Bitcoin, some services accept Bitcoin. I don't know what but someday Bitcoin will be accepted as a means of payment more than it is today.
I don't know if it will ever be legal tender globally, but I know the adoption as a means of payment will improve over time.

Finally, I don't see a problem if people use Bitcoin as an investment alone. It's an asset after all, what's an asset if it can't be an investment?
Bitcoin is a currency, and currency can be an investment. So there is nothing wrong with Bitcoin being an investment.

Have Bitcoin existed for that long to become a global currency, I don't think so, Bitcoin still needs time to develop and drive its worth in the market before gaining that public attraction that could possibly make it a generally acceptable currency.
Take gold for example since gold is in the same asset category like Bitcoin, gold have exist for a long time now for several generations but yet it has not gained the mainstream adoption Bitcoin is just 14 to 15 years in existence so we need to give it more time before we could possibly see that level of adoption.

One possibility that could lead to this dream of many (for bitcoin to be a bona fide payment system) is for bitcoin to fall in relevance as a store of value, which couldn't happen without the fall of the cryptocurrency industry unless a more capable currency takes it place in the top spot. Once that happens people will generally flock upon a coin for what it's really intended to be used for, which in this case is to process payments peerlessly. I don't think giving bitcoin "enough time" so to speak is going to cause this upturn from happening, it may even drive the store of value aspect even further which will make it even harder for people to realize it could also be used for payments.

Decentralized vs  Centralized? with that alone then you could already tell which one is really that preferable but of course it would really be having that different supporters or investors backing into it.Different coins have different set of OG's on which those people or investors had really been able to trust up those coins in the first days or years of its existence which neither they do have that investment intent or really that supporting into its utility or could be both then it would really be depending on a certain person but what matter the most is that they do cherish out that extreme returns of their investment on the time that they had able to hold for long term.
It is really just that cant be avoided for you to be jealous out of those money that they had able to make on that time. This is why people would really be that mindful in regarding with their investment and holding up for long term but of course it cant be possible on to those top coins that we do have now. It isnt something that could give out 10x or 100x so easily and this is why they would really be opting for altcoins.