Bitcoin Forum

Comparison Of Bitcoin with payment methods in the world.

https://ibb.co/iXBZBe
This data is taken from the average one-week transaction.
Source: https://www.instagram.com/p/BnYxgoLAC8W/?hl=en&taken-by=dagelan

This data is taken from the average one-week transaction.
Let's discuss about when bitcoin will defeat a visa as a payment method that is often used today, I think that Visa will be hard to lose, it's almost impossible, and crypto, most people use it for investment, not for payment methods.
And Bitcoin only applies as a commodity, it cannot be used as an official currency. Also, many merchants have adopted btc as a payment tool, but if in the end they have to be converted to official currency, it's just a lie.
Meanwhile, it only applies to a handful of communities and is limited. Do you think there is potential for bitcoin to become a payment method to replace VISA?.

In terms of the payment methods excluding Bitcoin,  I think this platform offers a way better than to any centralized entities which demands for several processes that prolongs the time allotment for us to have the supposed to be profit that we are looking to have, in terms of payment and transaction methods here it demands lesser things, but the uneasiness is present due to the anonymous community where we belong.

I would agree that most people use it as an investment, but it's not a commodity like sugar or pork bellies are. 

Bitcoin is strange.  I think of it as an extremely volatile currency that people are reluctant to spend because they fear missing out on potential profits.  If the purchasing power of the USD fluctuated like bitcoin, there would probably be a lot of people saving more money, hoping to profit from the volatility.

The big thing IMO is that most merchants don't accept bitcoin, and most people don't receive their paycheck in bitcoin.  If you want to buy something using crypto, you pretty much have to go out of your way to acquire it first--and a rational person would not do that.  That said, I've spent bitcoin that I've earned from signature campaigns, but I think a lot of people who earn bitcoin tend to exchange it for fiat because their options for buying stuff increase dramatically.

Well, think about it, why would people switch from their current centralized methods to Bitcoin? Because they want privacy? Some small percentage does, but most people don't bother with that, they post their whole life on Facebook. Because people don't trust government and banks? No, they don't even think about economics, until it starts to bite them.  Just like people haven't moved from Windows to Linux, most of the population won't move from Visa to Bitcoin. But that's okay, because some people will move, or will use both, and Bitcoin will have its own ecosystem.