Bitcoin Forum

Yesterday, I posted a topic about btc adoption and how I bought coffee with my btc, here:https://bitcointalk.org/index.php?topic=5562891.0 (https://bitcointalk.org/index.php?topic=5562891.0) , I also tried posting on another forum and a user replied me with this:
 
'' They DON'T accept $BTC, they actually refuse $BTC !!

They just calculate the product price in USD into BTC, take your BTC and sell it instantly into USD...

Could do the same with Iranian Rubel or North Korean coins or videogame points stuff as well...''

It got me thinking, If this actually true, and I sensed it, then are we getting adoption?

If most businesses don’t actually keep Bitcoin, they’re not really using it in trade and they just convert it to fiat instantly. That means Bitcoin isn’t yet serving as a true day-to-day currency, even though some web3 media outlets and payment apps make it look like it is.

In essence Bitcoin has matured into a global store of value, something people save, invest, and hedge with but not yet a fully adopted medium of exchange if the businesses that accepts it don't hold it but immediately convert it to fiat. So really btc is not dual purpose as proposed but leaning more to a single purpose.

Question: Do you think there will ever come a time where we wont have as much volatility as we have with btc now and btc can finally serve its spending purpose truly?

Is it true adoption if the ones adopting don't truly use or hold btc!!!

I guess that's adoption enough, at least for now. If you can actually pay with your Bitcoin from your non-custodial wallet, that's good enough. At the very least, it means Bitcoin is an acceptable payment. Whatever businesses do with their Bitcoin, that's up to them. Whether they keep it or sell it right away, that's their decision. The point is that you can buy food, book a hotel, grab a cup of coffee with your Bitcoin.

In a place labeled as Bitcoin Island in my country, the issue isn't what businesses do with their Bitcoin; it's the fact that there's almost none who pays in Bitcoin. Discussions on Bitcoin adoption are often centered on business establishments accepting Bitcoin as payment. They seldom question, will there ever be a customer who actually pays in Bitcoin. Tesla once accepted Bitcoin, but how many units were bought using Bitcoin? You can probably count it with one hand.

Or maybe the right question to be asked is wether you're the same person that does not understand how he can use Bitcoin in serving different purpose, because for us to be lacking behind doesn't affect others who are not, it doesn't even take an inch from them, just try as much as possible to see that you understand Bitcoin and apply it the way it best suit you.

To convince your doubt, try to check on the daily transactions volume of bitcoin transactions, the statistics are there, see the numbers of organization and industries accepting bitcoin for making payments and see how some are holding and some are trading it and discover where you're being found or not.

Some people may use Bitcoin as a medium of exchange to purchase goods or products, but this is not yet fully used so we cannot be sure that the time will come to fulfill their spending goals. Bitcoin is still used as an investment asset because it talks about hedging and maybe that's why people don't use bitcoin as a medium of exchange to buy things. If the question is in the future will bitcoin fulfill the purpose of spending on everyday currency?

So my answer is no because maybe bitcoin has limitations in the amount of supply and the higher its value, the more difficult it will be for people to use bitcoin as a transaction tool like the fiat currency that we use. People will choose to save it rather than spend something using bitcoin, not to mention talking about regulations in a country that prohibit the use of bitcoin as a legal transaction tool.

I think most of us could have been using Bitcoin already as a mode of payment, but perhaps it's not a direct P2P as others might wanted because of it's volatility. So take it or leave it, no one is going to force a store to accept Bitcoin. At least for some of us like in my case, I can used it in my country against to a payment processor. So it's not like I can't used it as sound money. It have evolved so much though that we think that it's not going to be adopted around the world. But here we are, every 4 years we hear something different and maybe in the next cycle, we will have a good number as how well it is being adopted not just by holding it, but people using Bitcoin as sound money.

That's not the only problem. Every time you pay with Bitcoin, you create a taxable event, which complicates things greatly because if you pay with fiat currency, you don't have to declare anything. This could be easily solved with a minimum exemption per transaction below which you don't have to declare anything, but not many governments are willing to do so. On the other hand, what do you do, pay for coffee with Bitcoin and save fiat currency? It doesn't make sense. Bitcoin serves much more as a store of value than for paying for coffee.

No, I don't think there will be a time when Bitcoin will have less volatility because it has a limited supply and its price will always fluctuate based on the increasing demand. You could say it might get slower after having a higher price value and when almost the whole world will know about it and there won't be any more possible adoption, but that's surely going to take a lot of time.


It is adoption if the customers of a business are using Bitcoin for paying for their goods and services, the business doesn't necessarily have to hold the funds because they have to use the same funds for the business again, so they can't take the risk of holding Bitcoin because Bitcoin could lose value, and if that happens, they will be at a loss, and they can't risk their business by doing this. So, there is nothing wrong with a business accepting Bitcoin and then instantly converting it into USD or any other currency because they are at least providing their customers with the opportunity to use Bitcoin, and that's enough, imo.

You need to understand that business are at risk if they accept bitcoin and keep bitcoin. Even for a short while. Lets say a business generated $1M of sales in 1 month, and bitcoin dropped 10%, they would be out $100,000. It doesn't seem like much from $1,000,000 but the issue is that revenue might be that high but the net profit is much lower. So they might actually generate a loss.

So this is why most just sell for fiat because they cant accept that risk. Why they accept Bitcoin is because they want to boost says. If someone only has bitcoin to spend and no other funds, they will get business if they are the only business which is accepting bitcoin at the moment. It is adoption because it utilizes the network for the user who already owns the bitcoin and wants to spend it.

so if a merchant or whomever takes your Bitcoin in a trade and immediately sells
it for FIAT it doesnt matter, it's all useage. That Bitcoin will most likely find its
way into a HODL'er anyway.

IMO I think its a bit like utopian thinking that the whole world will be using Bitcoin
to buy coffee and cars. I just cant see it happening. HODL will always be the priority.

maybe my post will be quoted in years to come to point out how wrong i was - idk

Anyway adoption is happening and its not all going to be about buying coffee with it.

Is it your problem at all if they accept bitcoin and you are able to use your bitcoin as your payment for their products or services?
In my opinion, it's not your issue, it's their business management and whether it is good or bad for their business, it's none of your business and concern.

I believe that there is difference between accepting bitcoins as payments from customers and are able to hold these bitcoins in long term as a company treasury. It's not easy if their company does not have deep financial budget and they need to rotate their company finance flow quickly. However, it's a good idea for their company to consider further in the future, by managing their finance better, well organized and assign a part of their company revenue and profit to Bitcoin investment indirectly by holding part of bitcoins paid by customers.

That is still Bitcoin adoption. The act of a business accepting BTC for a service or purchase is adoption, regardless of what they do with it later.

Adoption in businesses is simply offering Bitcoin as a payment option. But, due to Bitcoin's volatility, many businesses don't want to risk their profits. They often convert the Bitcoin to stablecoins right away so they have the stable funds needed to restock.

Avoiding losses is good business practice, as successful companies must both attract customers and manage costs effectively.

If all basic business activities were still pegged to fiat, then Bitcoin adoption, in your historical perspective (say, the flat price of a basket of coffee beans for 0.01BTC) would never have happened, and Satoshi probably wouldn't have aspired to that extent. Bitcoin only helps users with technical issues, such as when your banking app suddenly doing maintenance in front of the cashier; Bitcoin saves you from the nagging of the people behind you in line. In a general perspective, this is truly adoption.

Eventually, yeah.

As of now - it's still adoption, as others said, being able to use BTC as an alternative is still a way of great progress toward bigger deeds  8)

El Salvador is enough as an experiment. Bitcoin used for remittance, also bitcoin was accepted as a legal tender, but most people living in El Salvador withdraw the bitcoin sent to them in United States dollar while most merchants were immediately converting bitcoin to United States dollar after their citizens paid in bitcoin.

FWIW, some payment processor giving the merchant choice between keep the Bitcoin, sell the Bitcoin immediately or even partially keep the Bitcoin.


I get the concern, but it's still considered as Bitcoin adoption as currency/payment method. Besides, it's better than nothing when amount of merchant that accept Bitcoin is rather low compared with Bitcoin popularity.

What matters most is that you can use your Bitcoin to pay for things. whether the company keeps it or converts it immediately doesn’t really change the fact that Bitcoin is functioning as a medium of exchange. businesses have their own cash flow needs and risks to manage so it’s understandable if they prefer to hold fiat instead of a volatile asset like Bitcoin. Most companies simply aren’t in a position to hold large amounts of Bitcoin. they have employees to pay, rent to cover, and suppliers that probably don’t accept Bitcoin either. so converting to USD right after the transaction is just part of keeping their operations stable. it doesn’t mean they don’t support Bitcoin, it just means they’re being practical.

True adoption will happen over time as Bitcoin becomes more stable and widely used. right now, just the fact that businesses are willing to accept it at all, even through instant conversion, is already a big step forward compared to a few years ago. So instead of worrying about whether they’re holding it or not, it’s better to see this as a sign of progress. as more businesses and customers use Bitcoin for real-world transactions, the system grows stronger and the incentive to hold it will naturally increase in the future.

In terms of the usage of  bitcoin, accepting it as a payment option and still pushing it out in the form of converting it to the USDT is still is still one way bitcoin is being used. Of cause, depending on the duration the business plans holding their asset, it's going to determine if they will leave it in bitcoin or just convert it to fiat just to avoid negative impact of volatility on their asset.

Bitcoin is not going to completely replace the fiat for several reasons but at the same time, it usage as a meas of transacting in areas where it's complicated using fiat is one that's still relevance.

Whatever, a company that accepts bitcoin as an alternative payment does with their bitcoin isn't anyone concern because they're into business and every businessman will do whatever he thinks is more profitable for him.

If you buy bitcoin and hodli is still adoption. You mustn't spend the bitcoin that you bought because it3a currency, if you want to use it as an investment. Fiat depreciate overtime which is the main reason why people should keep their bitcoin and spend fiat. I love spending fiat and hodli my bitcoin does not mean that I am not part of those that adopted bitcoin. Keeping bitcoin in your noncustodial wallet should be prioritize.

It's adoption, but it's not the best adoption way, imo.

BTC was created to be used.. Not just hodl.

But each decides for themselves..

I believe adoption does not have to mean they want to hold on to Bitcoin.  I do not care if they are taking my Bitcoin and exchanging it for the worst Currency alive.  I only care about more merchants accepting Bitcoin.  That is it and it is the most important part.  What they do after this is their business.

It takes a short sighted mind to accept Bitcoin as a business owner for years and not realize the mistake you made by not also including it in your portfolio of investments.  How can you look at a Bitcoin chart and think 'yes, not holding on to it was the best plan'?

Only if you are from the traditional world and don't know much about BTC..

Unfortunately, there are people in the business like that and fiat for them is a the main way of things, not BTC.

In fact, the main objective of companies that accept Bitcoin as payment is to make a business profit so whether they sell or hold on to that Bitcoin depends entirely on their strategy. Because it does not depreciate over time like traditional fiat currencies but rather has the potential to preserve value in the long term due to its limited supply. If someone uses Bitcoin for everyday purchases that is also positive for the entire ecosystem because it increases acceptance in real life. But personally I agree with you that keeping Bitcoin in a non custodial wallet is the safest way, because you are in full control of your funds.

Even if they convert BTC in any other currency it means, that BTC costs money. It is good enough as for me. But it is a long way to make BTC "everyday money". At least it must not be any restrictions for using BTC in the main part of the countries.
And two more problems: 1. Using BTC is like using a gold. Do you often see someone who change gold on coffee? 2. Today BTC is calculated in USD. Total adoption would be when USD would be calculated in BTC.

Unless we are talking about stable coins here, bitcoin will always remain a volatile asset. Let be realistic, people now care about the potential profit involved in bitcoin than any other purposes bitcoin has to offer. For Bitcoin to become a stable coin as you wanted, it means it has to take away the expectation of people making profits from it by holding it for as long as possible. I bet you, all the hype about bitcoin will reduce significantly once the price becomes more stable and less volatile. The good thing is that the volatility doesn't make it impossible to spend if you want to.


And Yes, it's adoption. It does not matter whether they keep it or spend it instantly. What matters the most is accepting it as mode of payment. Keeping and hold is a thing of personal choice. Besides, you don't expect people doing business to accept Bitcoin and hold on it, their business will collapse if they do. Businessmen usually spend money to keep their business running and irrespective of whatever you use to pay them, they'll definitely spend it and not hold.

For now I don't think that Bitcoin can be everyday money because of it's volatility, businesses that needs to sell, take profit and restock cannot afford to hold Bitcoin as everyday business money. They will worry that it can dip before they withdraw it to take profit and restock, unless the businesses wants to be investing the Bitcoin that they make from sales. They can accept Bitcoin and convert it to stablecoins or fiat, by that they won't worry about Bitcoin volatility. If you are spending your Bitcoin where it is accepted you don't need to worry whether they will leave the fund in Bitcoin or convert it, what matters is that the awareness and adoption is increasing. If Bitcoin becomes stable in the future I believe that it's use for buying and selling will increase but the disadvantage would be that it will cease to reach ATH again.

At present, some business owners accept bitcoin payments mainly for customer convenience. I think it is extremely important that this remains a voluntary decision of the business owner, rather than a mandatory government requirement. If it becomes obligatory, various regulations and penalties will inevitably follow, which will negatively affect businesses as a whole.

The best thing about it is that BTC is still relevant either way: and one day, it won't be converted to fiat to be used for such transactions on a more official side of the services and such, imo.

Volatility will be gone one day (it will be as minimal as it can be), it won't be as big as it is now and even more so as it was at the start of the journey.

I honestly can't imagine the volatility of Bitcoin reducing anytime soon. The market is growing on a daily basis, new investors are joining the party, supplies keep reducing as institutions are buying aggressively. This is far more than a true definition of adoption imo. Some retail shops might have chosen not to accept it in their business for certain reasons that i believe is personal to them, but it still doesn't mean that Bitcoin hasn't hit a wide mainstream level yet. Volatility is certainly needed, and i don't think it should change anything. Mind you, just because some people don't accept it in their retail business, doesn't mean others don't use it for same.


This doesn't in anyway sounds like adoption.
For it to be called adoption, you're either holding, or using it on a regular base, or doing both. Doing neither doesn't make you an adopter.

I will still consider this as an adoption process, we can just start from the bottom and hit the peak straight up there will be gradually process along the way and this is part of it, before we don’t even see people accepting it  talk more of actually converting them it to their own preferred currency so the fact that they are accepting it now is part of the adoption growth, what they do with it is something else. Aren’t we seeing the government also beginning to have reserves for the bitcoin same way there will be more holders in future, so this is part of the road map for full adoption.

As for volatility which is the biggest scare for most although I don’t think it is the main reason but they simply just don’t trust it fully yet to keep holding, I know volatility will heavily reduce and we have already start experiencing the reduction in volatility because the volatility during the early days of bitcoin isn’t same as now and it is believed that this reduction will continue as there is more adoption and more people holding

Know one thing bitcoin is volatile in nature and perhaps businesses may not consider keeping it for a short time because of its volatile nature, they will probably convert to usdt or any other stable coin in order not to lose the profit they probably have made from the cup of coffee you bought, so I certainly do not agree that bitcoin is serving the other purpose apart from saving and investment purposes, but the fact that people use it as a medium of exchange, which it was meant for but of course it can be expanded beyond that. Bitcoin surely is doing well but not in as a currency which would replace fiat for now.

Yeah, what to truly care about also is the transaction fee to be spent and time of bitcoin to confirm because time wasting and the fee will delay adoption to be spread across many nation in the future, it might be only used by the rich while the poor might consider these factors and decide to withdraw their eagerness to adopt daily spending.   

You shouldn't be thinking that way, some investors are not thinking that way while they have their portfolio filled with good quantity of bitcoin, and other wallets for spending whenever and however they want especially when on vacation and such.

I believe that's just a mere effect of fear of loss, to an extent bitcoin might not be the everyday money yet, but surely in a wild future it could be used for everything yet not surpassing the use of fiat or stable whatever, because since bitcoin is not in a definite position, one could buy coffee as you mention for 0.00005 BTC and the next minute it turns to add another zero in front hence living he business in loss and maybe, the other way round keeping them in more profit but as long as business is a give and take stuff it can't rely on volatile currency for transactions.

The reality is that Bitcoin’s volatility is still a major barrier to its use as a true medium of exchange. Most businesses prefer to convert it instantly to fiat because they don’t want the risk of BTC’s price dropping after a transaction, which makes sense from a business standpoint really.

But I think over time, as Bitcoin becomes more widely held and liquidity deepens globally, the volatility might reduce. It’s the same pattern seen in the early days of other asset classes, as adoption and market maturity increase, price swings tend to stabilize.

So yes, I do think there will come a time when Bitcoin can serve its spending purpose more genuinely. But for that to happen, people and businesses have to actually hold and transact in BTC rather than using it as a bridge back to fiat. Until then, we’re still somewhere between speculation and real adoption

Business is quite different from investment, so I do not expect any business man to hold onto BTC for long in order to prove that BTC can be used as currency. If you consider the volatility factor, you will understand that holding bitcoin is a bad idea for business people.

For you to have bought a coffee with bitcoin shows that bitcoin had fulfilled its obligation of being a currency. Then we should not bother much where bitcoin is evolving to. It is still a young technology, in the spirit of liberty, let's allow bitcoin to choose its path. We can see that it is leaning more towards an asset than a currency.

Due to the different government regulations of different countries and the volatility of Bitcoin, many people use it only as a payment gateway. And this reality has to be accepted. Some of the biggest obstacles in the direct exchange of Bitcoin cash are its price, which rises and falls widely in a short period of time, due to which people are afraid to transact directly with it and there is a possibility of loss. But since the supply of Bitcoin is limited and its value will increase greatly in the future, people are using it as a reserve currency and investing in it. It is still being used directly in different places or countries such as: El Salvador. However, only the future will tell whether Bitcoin can be used universally as a direct means of transaction or as a direct currency in the future.

It's already hugely used as everyday money and remittance in a country where the currency is unstable or have high rate of inflation besides stablecoin.
Just wait until there's company that willing to adopt bitcoin payment in their payment gateway to make it available for wider audience.

But since it's deflationary currency people prefer to just hold it which is completely fine in my book;.

Now let's look at Satoshi goal in creating Bitcoin as explained in the Bitcoin whitepaper, in essence, he wanted to create a monetary system that was decentralized, transparent and free from the control of any government or financial institution. In a shorter context, Satoshi wanted to create an alternative currency to the traditional financial system which was considered to have too much third party interference. Regarding the above question, Bitcoin can be used depending on the goals of each individual.

The number of Bitcoins (only 21 million units) available is part of Satoshi intelligence to maintain stability and avoid inflation that can occur if the currency is too much, this concept is very helpful in keeping the value of Bitcoin stable and preventing a decrease in value due to oversupply. The most plausible reason in my opinion is that people prioritize Bitcoin as an investment asset because its scarcity has the potential to increase its value over time.
So, Bitcoin is still an everyday currency depending on the agreement between both parties (seller and buyer), but you also don't need to be surprised why Bitcoin is rarely used as a fiat currency because its value has the potential to increase over time.

Bitcoin can't be used every day because, first of all, block size limits us from many transactions and second of all, too many transactions raise the price of the transaction so much that it's not worth buying something via Bitcoin unless you are buying something that costs thousands of dollars.
It's a problem on its own that stores don't accept Bitcoin payments and many who accept, are using 3rd party payment providers and killing the purpose of using Bitcoin. The majority of them also instantly convert Bitcoin to USD instead of keeping Bitcoin.

Bitcoin could be used differently by businesses. Some business owners are accepting Bitcoin to attract crypto users to patronise them. Since they have no plan to keep it, they convert it to fiat immediately they receive it. But some businesses have set out funds allocated for Bitcoin accumulation. Any Bitcoin received is set aside and held for a long time.

I don't blame these businesses that sell off their coins immediately after it is received. Some of them might have to restock or pay staff and suppliers who might not accept Bitcoin as payment. The volatility of the coin is also forcing business owners to dispose of the coin to avoid losses.

You should understand that this is business, and the risk would be too high for them. This is why most of them use B2B arrangements to outsmart the risk.

I don't want to sound emphatic, which is why I would say it's not likely because Bitcoin's nature is what we see now. So why would it stop if everything is right with it?

You are mistaken something here. Building a business around Bitcoin doesn't translate to Bitcoin adoption. That's pure business, and not adoption.

Even if bitcoin becomes as stable as gold, don't expect it to be legalized and accepted as an official currency. The government will never let that happen.

If bitcoin is used as a currency and becomes a unit of measurement instead of fiat, people will use it instead of national currencies. That would affect purchasing power and threaten the status of the national currency, and worse, it would cause the economy to decline and collapse. Because the government will lose control of the currency, and they will also lose control of the economy.

Bitcoin can only become a popular alternative payment method, it will never be able to become and be used as an official currency, IMO.

Yes today, businesses use Bitcoin in two main ways first group sells it right away using regular money because they have to spend it on such things as salaries and supplies, and they do not want to lose money on Bitcoin as it is fast changing currency, so they use it to attract new, crypto loving customers without risking anything. Second group keeps Bitcoin they receive, which they consider long term investment since they think that its value will go up much over time, and it is more better way of holding value than cash. In simple terms, first group is interested in quick sales, and second one in long term growth.

We also needs to consider their situation they are running a business, they need income to pay for their rent, salary for their employee and ot course capital to keep their business running.
They couldn't risk their daily income to be shorten by the Bitcoin price movement.
Yes, they could earn more by holding their Bitcoin but would it be worth it for them to hold it? could they still run their business if they hold it.

Bitcoin possed many investments opportunities if we look into it more clearly, but people are the ones limiting their own self to what they should have known in the network and choose to be not informed in crypto, I may not have to blame all of them, because sometimes things don't work for the same way they have been found with how others handles and understand Bitcoin.

Do you have any evidence that the second group exists? Because for businesses, if they want to invest in bitcoin, they just use their corporate budget and buy it, and that's it. They have no reason to accumulate bitcoins through customer payments. Because of the volatility of bitcoin prices and their inability to know when customers will use bitcoin to pay and when they won't...All of that just makes things more messy and harder to manage. I don't think any business would be stupid enough to make things difficult for itself.

That probably only applies to small scale and retail stores.

Bitcoin is created in a way that everyone can use it differently and one person does not have to do exactly the same as the other people do with bitcoins. It is magic to have different use cases of bitcoin to choose which one is your favorite use case to do.

Everyday, many Bitcoin blocks are found and mined by Bitcoin miners and with them, many Bitcoin transactions are confirmed too. So it is right to say bitcoins are used everyday by thousands of times (transactions) and by many people.

Is Bitcoin considered as money or not? I don't care and who care if you can use bitcoins for exchanging or buying other things easily and legally.

I agree with you. The government will not allow Bitcoin to become a means of transaction in every country because this would depreciate fiat currencies and even render them worthless, especially since Bitcoin cannot be controlled by anyone. Even if Bitcoin were legalized as an investment asset, the government would not allow it to become a means of transaction. Even though Bitcoin is currently growing, countries have their own laws regarding the currency used in each country, and these remain under state control.

Essentially since Bitcoin's inception, countries have been trying to kill it. It's no wonder there's always bad news about it. However, the more they try to kill it, the more it grows and develops more rapidly. Indirectly governments finally realize that fighting Bitcoin is futile. This is evident in the fact that many countries have adopted Bitcoin, and some have even invested in it, but it will never become the official currency of their countries.

The truth is that bitcoin is a digital currency and for somebody to accept Bitcoin for exchange of goods and services, that person must have the knowledge of how bitcoin works, and must have a secured wallet to store his or her own bitcoin. Besides, even though bitcoin is gaining adoption, it would not be made compulsory to be used by everyone, it can be used by any one who desire to use it, people who have the knowledge of bitcoin.

There are some people, stores, and even institutions that except bitcoin as a medium of exchange, those people have their purpose for accepting it, some people accept it as a store of value while some are accepting it in other to make profit when the price rises.

The bitcoin market is very volatile, using it as everyday money would be very challenging because the price can fluctuate rapidly within a short period of time, that is to say, somebody can send Bitcoin worth of $100 to your wallet, and within a short period of time that same $100 can drop to $70 and at this point you are already loosing $30 and is viceversa, so the volatility of bitcoin will not make it convenient to be used as everyday money.

You are absolutely right, business and investment are two different things and if you think you will joy it together you will probably in a lose. Bitcoin is volatile and you can't keep it for short term and be profitable He will always be hard that to happen. So is better to keep money and hold for your business then thinking you will keep it Bitcoin and anytime you need you will get it. Bitcoin will always be volatile and when you keep business money in bitcoin you can be in lose or you get profit but the best thing is to invest to money you can't used for now you can keep that one on bitcoin investment for the long term and the business one you keep it in bank since is for short term purposes. We should always used funds to invest and for business too.

Many states are already running transactions through Bitcoin and they can easily purchase everything through Bitcoin. That's why there are many benefits for the business owner as well as customer benefits. They are able to complete all transactions without any complications. If the government mandates the use of Bitcoin. So I think there will never be a negative impact. Since every citizen is taxed in every state. Hence they can complete the transaction and use all their entire bitcoins. Moreover, some people do corrupt things. It is natural that he should be fined. Besides, I never thought it could ever be complicated.

What people choose to do with their bitcoin should not be your headache and if they accept your BTC and instantly swap to usd is also not your problem but what matters is that, payment was made with BTC and what the seller or vendor chooses to do with it afterwards shouldn’t have to bother you.

The volatile nature of bitcoin is one of the reason for the mass adoption because people now prefer to use it as a store of value rather than a currency for exchange but I think for now, we should be more focused on adoption and I believe with more adoption, payment and exchange will have to fall in.

I can not say for sure if there would be a time when we wouldn’t have much volatility for bitcoin but judging from how people treat bitcoin because of it’s volatility, don’t you think, without the volatility people will lose interest?

We are already making use of it in many ways, not just as an alternative currency. It's not as popular as others might want it to be, but it's pretty much already in use as an alternative currency by many. The only thing that is blinding some from seeing it that way is that they are waiting for it to be made a legal tender in their jurisdiction before they can openly see it as an option.

In our daily lives, we use fiat currency. Fiat currency is stable, fast and easy to transact with, and people from all walks of life accept it. From this perspective, Bitcoin is unstable in nature, it incurs network fees in exchange, and the general public does not know how to use it properly. Therefore, many merchants accept payments in Bitcoin but immediately convert it to USDT or fiat currency. If more institutions accept Bitcoin in the future and many countries accept it, its liquidity will increase, which will stabilize the price. But currently, people prefer to save it rather than transact with Bitcoin.

For some who wants to spend Bitcoin there is a very big tendency in my state right now that you can buy stuffs with bitcoin so it doesn’t really have to be in the future before that is possible but it’s based on people’s adoption but for a fact bitcoin buy and selling will only be limited to instant use and exchanged back to a stable coin because business that accept bitcoin still see it as a high volatility currency and hence pose a threat to profit making in the main time.

we must also remember that bitcoin has not been around a long time yet and steps to be taken forward may take a little more time but the fact that bitcoin is slowly becoming more and more accepted then it’s good enough for now then we will just slowly work our way up

Which country? In which country is Bitcoin widely used as a daily currency and remittance?
Because in another OP's thread, he also said even El Salvador is the first and only country to legalize bitcoin as legal tender. But up to 92% of the population does not like to use bitcoin for everyday transactions and only about 1.3% of remittances are transferred through BTC. You see, even country consider bitcoin as legal currency are not keen on the daily use of bitcoin.
https://bitcointalk.org/index.php?topic=5563231.msg65955848#msg65955848

We are all happy to hold bitcoins because that is what we want, no one wants to spend their bitcoins, no one wants to use it for its original purpose.

Being used as an alternative investment is one form of adoption. Although the BTC received by sellers isn't stored and then used to buy materials for future sales, it has become an expected medium of exchange for goods/services. Why should it be resold and not stored? Basically, traders are rotating their capital to grow it. Why exchange it for USD? Because not everyone accepts Bitcoin today. A business that accepts BTC when it needs more goods to sell, and when looking for raw materials, the seller may not necessarily accept BTC because they source from farmers who don't understand the concept, which presents a barrier to insisting on using BTC.

The bottom line is that the BTC acceptance ecosystem isn't yet widespread, unlike FIAT, which is widely accepted. It's important to understand that, unlike investments, people must store their BTC. Businesses don't need to, as they need the circulation of money and their BTC to generate profits.

If we use Bitcoin for daily transactions, especially as a business accepting Bitcoin, then it is naturally not possible to hold Bitcoin. Because businessmen have to buy and sell goods constantly. If they only try to hold Bitcoin, then it is not possible for their business to survive. For this reason, businessmen will definitely sell Bitcoin. But the most significant thing here is that we are enjoying the convenience of buying things of interest according to my needs with Bitcoin. Those who consider Bitcoin as a store of value will benefit from Bitcoin. The use of Bitcoin in transactions can certainly be called a big achievement for the widespread adoption of Bitcoin.

It's difficult to replace a long-established fiat system. And Bitcoin will be easier to enter as a medium of exchange when fiat becomes untrustworthy or even unsuitable for holding. There will come a time when Bitcoin experiences the adoption as most people expect. And the collapse of trust in fiat will be a sign. We don't know when that will happen. But I'm confident it will happen if we do comparing the fiat to Bitcoin. Once that happens there will be no reason for people to exchange their Bitcoin holdings for fiat. El Salvador seemed to have such a vision before. But it seems they're under pressure from the fiat sector (Source (https://www.binance.com/en/square/post/05-18-2025-el-salvador-increases-bitcoin-holdings-amid-imf-pressure-24394248176298)). We must now support any adoption of Bitcoin. And make it a habit for people to know about Bitcoin or even use it. Over time people will become accustomed to it. And it's highly likely that widespread adoption will occur through this habit which we must support.

Yes, I can understand your opinion, Bitcoin is now quite large and growing rapidly not only as an investment asset but even as a means of daily payment in many places, even though your country prohibits it as a legal payment and only recognizes it as a commodity, we can freely use it according to the rules in force in that country, and also you can cash it out with exchanges to get fiat and spend it.

The decentralized nature of bitcoin is a solution for us but a threat to governments. That is the reality and we need to look at it that way.

So we cannot expect them to make it the official currency, the unit of measurement and replace fiat. If they do, it's like shooting themselves in the foot and destroying themselves. Therefore, the prospect of bitcoin becoming an official currency will never happen.

The government's legalization and recognition, allowing us to invest there, was an unexpected success. We should be happy with that and what bitcoin has achieved. We should not demand too much that bitcoin needs to become a global currency, replacing fiat, banks...

Individually, Bitcoin's adoption can be defined in diverse ways, enthusiasts prefer holding onto their Bitcoin rather than using it to purchase a cup of coffee or buy pizzas.Currently, Bitcoin is viewed more as an investment vehicle than a means of payment, personally I prefer purchasing whatever I want with fiat currency,my bitcoins are meant for the long term and not a method of payment.Anyways,everyone has different preferences. Many Bitcoin enthusiasts believe promoting adoption goes beyond just holding,some think using Bitcoin for purchases is key in promoting it's adoption.Whatever your approach,use your Bitcoin wisely.

For me I feel that there's no way that bitcoin will be used as first option in terms of buying and selling of goods and services, yes bitcoin can be use for everyday money that's in the aspect of making online purchase but if it's in face to face purchase i think that is almost impossible because some people would want to make Fiat thier first option. Because I know that those countries that make bitcoin a legal tender also make use of Fiat which some people can decide to focus in holding Fiat over bitcoin due to it's volatile nature. Bitcoin can only be every day money if citizens is ban from making use of Fiat and of which you and I know that this is almost impossible.

I bought something in local last year and I told the person that I would pay with BTC and he said I should sell the coins in USDT and give him the Fiat so I did that. This accepting of bitcoin is depends on the country policy. Like my country we don't use bitcoin publicly and only use or sell and buy in exchanges. From the way I see it the day Bitcoin is use as the daily transaction in all the countries and the international market then Fiat will disappear. And government will not allow that to happen because they are embezzling the Fiat money through over printing.

Bitcoin has always being volatile and it is always volatile. The reason why bitcoin cant always be spent as fiat is because of it volatility,  this doesn't mean bitcoin is not yet adopted. As a business, if I'm opportune for my customers to pay me in Bitcoin I'll accept it and convert it to fiat because the money can be used at anytime, if I still keep it in Bitcoin and the price falls and I'll need money at anytime due to the volatility of Bitcoin i may end up being at lose. Most business people will be willing to earn bitcoin especially when they have in mind d to hodl but if this is not in the plan i doubt money will be in Bitcoin when it can be used anytime.

People that accept Bitcoin don't accept Bitcoin so they can keep them, they accept Bitcoin so they can get a wider reach customers that doesn't want to sell their Bitcoin for fiat but this only happen on countries that doesn't tax people when they accept Bitcoin as payment. If there is tax involved, majority do not engage because guy are going to report your tax after sale and since some government doesn't like see them with Bitcoin, then it becomes a big problem.

What I have also observed is that anytime you see people accept Bitcoin as means of payment from clients, it's because they know Bitcoin payment clients are usually generous when they want to pay with Bitcoin. They usually get more than what is been bargain so it's a win win for them as business or the person in change. What I have also observed is that people accept Bitcoin more during the bull run since Bitcoin do pump, they make money on short period but they don't keep the Bitcoin for long.

This doesn't make bitcoin irrelevant in this matter. Someone who wants to purchase something from a different country and now imagine they use fiat currency which may take hours to days to arrive at the seller of the product but with bitcoin they almost get the money in their hands instantly whether as fiat or just bitcoin itself.

Those who like Bitcoin and think about the future of Bitcoin and know how much benefit holding Bitcoin can provide will never be interested in buying anything through Bitcoin. Because where Bitcoin is kept for holding, those Bitcoins should not be used to buy food or book hotels. For these, we have separate money with which we meet our daily expenses and all other needs. So why should we purchase anything with Bitcoin.

And businessmen never keep the money for the products they sell, they cycle them over and over again to create new products and sell them again to make a profit. So after they receive Bitcoin as payment, they quickly sell them and convert them into stable coins or convert them into fiat currency with which they can buy raw materials for their business again. So I'm not too excited about the fact that somewhere is accepting Bitcoin as payment because I don't want to pay in Bitcoin for something.

The fact that many bitcoin enthusiasts are not ready to spend the bitcoin they have is just another issue to be addressed which could be an impediment towards that vast use of bitcoin as everyday money, and am taking it in with the thought that even when government declares it a legal tender in their jurisdiction it still wouldn't change that much because almost every bitcoiner is bend on hodling due to the Intrinsic value than spending it.

I think Bitcoin can eventually serve as everyday money but not until volatility reduces and there’s more clarity around how it can be used. Right now, it’s mainly valued as a store of value rather than a true medium of exchange.


I’m from a country where crypto was recently legalized but there’s still no proper legal framework backing it, so most businesses that accept Bitcoin don’t actually hold it, they convert it to fiat instantly to aide their trades. It’s still a form of adoption, just not full adoption yet.

Due to the volatility of Bitcoin, many businesses will not want to hold it but will accept and immediately convert it to USDT to enable them balance their books. This is not the best for Bitcoin though but it is always better than not accepting Bitcoin. I know this may disappoint a lot of people who want Bitcoin to be used freely like we use fiat but unfortunately, we have to deal with the issues mentioned if we must integrate Bitcoin payment into our day-to-day activities.

I don't think Bitcoin's volatility will ever decrease. In fact, Bitcoin is still at a stage where people see it mainly as a means of investment, not as a currency for transactions. Another thing is that almost all countries know about Bitcoin. But Bitcoin is not legal in all countries. As a result local merchants in the country will not be able to accept Bitcoin payments even if they want to.

The same situation is in our country, almost most people know about Bitcoin but Bitcoin or crypto is illegal, which means that no transactions can be made legally. However I think it will be very difficult to accept it as a means of daily transactions.

They see Bitcoin more of an appreciating assets than something they can use everyday. Search the purpose of Bitcoin on Google, the response you will get is everything about Bitcoin, a p2p digital payment been censorship resistance, has been around since 2009 and many more but we have more of people that hold Bitcoin every day than people that use it every for day to day transaction, most often Bitcoin are move for two purposes which is when buying and when selling.

Another is the underlying fear of dump, transacting with large amount of money that is going to be used the following day is a big problem. Have you try to make payment using Bitcoin before? The windows are usually ridiculous. There was a time I wanted to make a subscription on one website, Bitcoin and stable coin were among alternative to credit cards but what I noticed about the payment is anytime you initiate payment and don't complete it between the time given, the sats refresh as the price of Bitcoin changes, but stable coin remain the same which means the team were trying to avoid loss due to price variation, this is the main concern about day to day money with Bitcoin.

You're right, and in this case, Bitcoin is indeed reliable for domestic transactions, as it can be a more convenient and faster alternative to fiat currencies for paying for products sold abroad.
However, for everyday transactions, I think people prefer using fiat currencies because they're faster, completing transactions in under a minute for things like paying for coffee and so on, compared to Bitcoin, which can take five or ten minutes and also incur transaction fees. Fees are also a major determinant of the length of a Bitcoin transfer.

Now that the United States of America has finally become the most friendly country to crypto I believe this will happen sooner rather than later, many payment options will start to implement Bitcoin as means of payment.

The option to either use Bitcoin as store of value or use as money will always be available, it is on we users to make a choice, I am looking forward to spend some Bitcoin as money and also keep stacking for future sake.

It is only a matter of time, even with the volatility of Bitcoin, it can't rule out the fact that Bitcoin can be used as a means of payment.

It might be easier for their accounting if they convert it to USD. It doesn’t affect me either way which currency the payment settles in. For my own convenience, I only care about being able to pay in Bitcoin and never having to deal with the fiat system.

In its current form, Bitcoin is not everyday money, not just because of volatility, but also because of slow adoption of L2s and sidechains. Most businesses also prefer cash and credit cards, which is what 99.9% of people want to pay with, so merchant acceptance is also an issue.

Most businesses that accept bitcoin usually convert it to fiat instantly which means they aren’t truly using it as a full day to day currency they are simply treating it as a payment channel instead of a store of value but that still gives bitcoin a strong role in trade because it solves the speed and border problems that fiat systems face. International transactions are where bitcoin shines someone paying from another country can send value directly without banks or long waiting times and the receiver can decide whether to keep it as bitcoin or turn it into their local currency instantly this flexibility keeps trade moving even when traditional payment systems are slow or expensive.

For everyday purchases though like coffee or groceries people still prefer fiat or digital payment apps because they are faster and cheaper bitcoin transactions can take several minutes and sometimes fees rise depending on network activity that makes it less practical for small daily payments. So bitcoin right now sits between both worlds it works best as a global bridge for large or cross border transfers while fiat still rules for local daily use as technology grows and networks like lightning improve the line between these two roles may fade but for now bitcoin’s biggest strength is not replacing fiat completely but giving people an alternative that is faster borderless and independent.

It will be a matter of time before Bitcoin is used as a medium of exchange in daily life. The adoption process is still on its way to reach more people so they can benefit from Bitcoin. Once Bitcoin widely spread in all countries and almost all people use it, that will lift Bitcoin to the next level.

The volatility will increase more than now. People use Bitcoin not just for savings or investment but they also buy and sell on the exchanges. Besides that, some people use Bitcoin as a means of payment so that will make the adoption still running.

There is nothing to worry about because Bitcoin is on track. Even if people just keep their Bitcoin, more people want to increase their Bitcoin in many ways.

In El Salvador it's already in place, but they still predominantly use their fiat currency. So the application of it seems like it will still be difficult to realize. So don't expect too much that Bitcoin can be used like fiat money that has been recognized by many countries. I wouldn't expect much from Bitcoin as a means of payment; as long as the supporting industry exists without any bans, I would already be happy.


If we look at the vision of the creator of Bitcoin, its development has deviated from what he intended. But if we look from an industry perspective, this industry is currently developing toward an even larger scale.

There might come time when Bitcoin won't be as volatile as it is today and that time will come when the market cap will be almost as high as the Gold but if Bitcoin investors will still easily be manipulated by Trump's or someone else's statement, then it will remain volatile. People just need to mature and ignore manipulators.

I want to say that Bitcoin can't be used as an everyday currency because it's not designed for that. Just look at the block size, we are very limited to the number of transactions with the current block size. The only way to get your transaction included in the next block is to pay more than others are paying and mempool spam by ordinals showed us that that can make transaction price grow ridiculously, to the point where it doesn't worth to buy a thing via Bitcoin. We need a dynamic block size to my mind to be able to use Bitcoin every day because there are billions of people on this planet and 300K confirmation per day is nothing.

I agree with your main point that future success of Bitcoin will be decided by people using it as daily buying and selling tool, which will move it not only to saving tool but also to helpful way of payment, although this will need time. You are correct that once large number of people and countries use Bitcoin every day, its price increases as it is more useful than being traded, and most experts think that this mass usage will in fact make price less wild, as huge amounts of purchases daily would make market too large to have large price swings caused by large number of daily trades. Lastly, what you say about people just holding their Bitcoin is important since their belief in its value is like safety net, and thus Bitcoin remains strong despite short term market changes.

No matter how we can call this. It is still an adoption but what we seeing here based on your explanation is an adoption when it's still in the pre-adoption phase.
The businesses, and organization taking the step to accept BTC as payment by collaboration with a payment firm which later gave them fiat is a step of adoption, but they are still unsure about what willl happen next and to secure their interest they choose to convert it to fiat which make it a pre-adoption step.
This will change when they totally believe in BTC.

No, BTC still serve as day to day currency though even the business owner dont hold since the transaction activities does not decrease BTC transaction activities but add to it.

BTC is yet to be mature as the global store value but businesses dont have to hold it for the long term before BTC serve as medium of exchange.

Yes, theres going to a time where BTC will be less volatile and more people will see it as a genuine asset.

Money is anything accepted by the citizens, it can be if we accept it by we need to maintain it value
I do not support withdrawal of Bitcoin, more mechant are advise to accept it because it is the future and it start now

In my opinion, Bitcoin is a volatile currency so it is not possible to be an everyday currency, it would be an everyday currency if the price of Bitcoin was stable. But the price of Bitcoin will never be stable and it will not be a daily currency, as we use our local currency every day. But since Bitcoin is a decentralized currency, you can complete its transactions from any part of the world very easily and at any time. Bitcoin is a volatile currency, its value fluctuates at any time, so if it is used as everyday money, people will face losses. However, we can already see that different countries of the world accept payments for various goods and food through Bitcoin. Bitcoin will not be an everyday currency but it is the best and most reliable coin for investment which will gain more popularity as digital gold in the future.

Bitcoin being used as an everyday money is a yes and no answer!

Like you said in the OP, alot of merchants that accept BTC payments do so by instantly converting the BTC for stable coins like USDT to remove any uncertainty and when it's comes to money you don't want to have this because it will mess up your profit and loss calculations, any tax obligations and a whole lot of other things. So on a large scale it's to very practical to have it as the everyday currency without the conversions, but where local currencies have proven to be useless like Zimbabwe and Venezuela, BTC did fit in well as the perfect substitute.

Some people don't truly understand about stable coins and they simply think that if they convert their bitcoin to stable coin, they will have stability of their fund value. They only are fearful about Bitcoin volatility and don't want to see their $10,000 to become $8,000 months later. It's their concern and they see solution with stable coins without knowing that stable coins are risky.

With both bitcoin and stablecoins, they can use it for their daily transaction if they want, just pay the on chain transaction fee, it's will be well.

PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets/ (https://bitcointalk.org/index.php?topic=5204055.0)

Understand that bitcoin is highly valued and not many people are willing to use it as a means of payment for their businesses and since the adoption rate is very low, not many people own bitcoin which means it might be difficult to use bitcoins as a means of payment. Many people are converting their bitcoins to fiat, it is not wrong but where it becomes wrong is when you convert all your bitcoins to fiat without holding a part of it. Bitcoin will surely serve for its purpose of peer-to-peer decentralized transaction but that will be when the adoption will grow to a considerate level such that a reasonable number of the world population will own bitcoin. For now the world percentage that owns bitcoin is far low so it is almost difficult to use it as every day money, at least for now.

The simple reason is that the value of Bitcoin can go up or down after the transaction is completed. Therefore, sellers of goods or services are merely avoiding the risk of loss. Another reason for sellers who accept Bitcoin payments but immediately convert them to stable assets like USDT is that they may not be able to spend their Bitcoin for cash flow and inventory turnover.

And that might make it look like traders (buyers and sellers) are against Bitcoin, but in real sense, they’re only protecting their profits from volatility. The only way traders can adopt Bitcoin a a direct alternative to fiat is if it becomes more stable, which we know isn’t possible because volatility is an inevitable aspect of Bitcoin.

It's part of many risks of accepting bitcoin as a payment method and it's why El Salvadorians dislike bitcoins after their government made Bitcoin legal tender in El Salvador years ago.

With big companies, they can more easily build up their business treasury plan, financial flow and use bitcoins received from customers as their own bitcoin investments but with small business, merchant, they struggle more to deal with Bitcoin price changes after payments received from customers and when they need money for paying their company bills.

Maybe some of them dislike the idea about using Bitcoin as means of payment its because they don't understand how to use it and also its critical for them to know that its volatile since this asset is new to them.

But I'm impressed with the efforts done by their government since they are trying their best to educate people about Bitcoin which I think will bring good result to their country in future.

Also merchant would provably not struggle if they use those platforms that will convert their Bitcoin receive directly to USD or local fiat. Maybe this is the best thing they could do for now until they don't know how to deal with its volatility.