Even now in 2017, why is bitcoin *still* not accepted as a major currency?

[naughty1]

There are many reasons for that to exist. Actually, bitcoin is not fully developed and strongest. It is still in the renovation phase. Segwit is a very good stage, however it was not passed, which made bitcoin have to undergo another phase to develop. And recently, bitcoin once again encountered the event. It's split into two, I'm not sure what's going to happen yet, but I find the value of bitcoin is going down dramatically. This should not happen to such a large coin. It has entered the legal stage, but it has another difficulty, it is difficult to overcome.

[xuan87]

It is not that simple to ask somebody to used bitcoin, the reputation of bitcoin is not too good at outside there are so many negative publicity about bitcoin, so some people rejected the bitcoin, we still need to keep on introducing and bring positive news to the public, bitcoin is a very useful and helpful currency but some people like to used for illegal things

[ekoice]

High adoption should be made possible.Bitcoin should be made familiar to shop owners and general people.Then only,i would have a chance of being accepted as a major currency.Its highly volatile nature is also a reason for it not being accepted as a major currency.

[Kprawn]

Doesn't make any sense TBH. We should've seen it starting to replace conventional currencies by now.

It will not happen until the scaling problems are solved and until more people vote for a government that would support Bitcoin. Most

governments use money to control people, and Bitcoin takes away that power if they do not regulate it. So a lot must happen before Bitcoin

would be allowed as a reserve currency. First thing you have to do, is not to vote for a government that wants to stop Bitcoin use. 

[Xester]

Doesn't make any sense TBH. We should've seen it starting to replace conventional currencies by now.

Do not expect for any cryptocurrency to replace the fiat currency. Even bitcoin cannot replace fiat currency and will remain only a currency online. In the future if all sectors of the society will accept bitcoin as mode of payment it will still not replace fiat currency. Its value will still be determined by the fiat currency and as long as it is not independent from fiat currency it can never be the universal legal tender. Bitcoin and other digital currencies are weak since it is dependent on internet and is very prone to hacks and viruses or technical errors that may be a huge problem in the future, thus the central banks all over the world could not allow such kind of risky currency to serve the world as an official legal tender.

[Zicadis]

for the same reason the etf was not approved is because its a decentralized currency
merchants will also be reluctant to use it because of its volatile nature unless we have over 5 or 10 million active users for their businesses to benefit from  

[ethereumhunter]

Doesn't make any sense TBH. We should've seen it starting to replace conventional currencies by now.

i am not sure for now, bitcoin need more to replace conventional currencies, people should use bitcoin in every where and need to be approve by the government. but if its just for the internet currency, i think bitcoin will be stronger than other because of the easy and simple to use bitcoin and we should help bitcoin to be known by many people.

[Sadlife]

Because bitcoin has a volatile price and governments wont accept it if they have no control of this currency that is run by the people itself so they rather stick to their fiat currencies.

And also that's why the etf was not been approved because of its decentralized and it's anonymous features they said before they approved the etf they need one requirement: to be able to track the users that's using this currency.

[shamzblueworld]

The simplest answer would be because it is not user friendly as of yet, so transactions that take time are not feasible for normal people in normal daily life barter system.
So I think it has to improve a lot before it is acceptable at local stores world wide. Its not people, its the bitcoin and the technology that is not letting it compete with fiat as of yet.

[iram3130]

Most of the people who earn or buy Bitcoin, don't want to use it as a currency. Although it is a currency and holds good value but people think it as an investment rather than using it.
I have talked some merchants who use it as a payment gateway, they actually fear of dump and pump.. 

[HarringtonStark]

There are more and more people using bitcoin. Bitcoin is the top currency in deep web. I promote the currency in my blog to increase awareness and in my YouTube channel too I promote it. Give it time it will catch up.

[ASHLIUSZ]

Doesn't make any sense TBH. We should've seen it starting to replace conventional currencies by now.

i am not sure for now, bitcoin need more to replace conventional currencies, people should use bitcoin in every where and need to be approve by the government. but if its just for the internet currency, i think bitcoin will be stronger than other because of the easy and simple to use bitcoin and we should help bitcoin to be known by many people.

Yeah as it's found to be the internet currency, bitcoin needs more time to go mainstream. Being a mainstream currency is not that simple. It takes years and years to get a stability in the growth as well to go mainstream. When you consider gold or USD the history it has made is very big history to hold the place.

[Yokozuna]

I think bitcoin is still not accepted as major currency in the world because we have so low blocksize capacity and there's no chance we can get it any time soon

[theochino]

why would i care if bitcoin is accepted in a local store?
In it's current state it would be COMPLETELY retarded

A Scene at my local grocery:
me: let me pay for my milk with bitcoin here
cash register person: Hmm...OK
me: I scanned my bar code, so it is done
cash register person: i don't see a confirmation
me: let's wait a little
people in line: grumble, grumble, grumble
cash register person: Mr, please stay aside
me, 13 min later: what's the heck...forget about it...here is $5

Right there is the problem ... couldn't be better explained !

[Herbert2020]

Doesn't make any sense TBH. We should've seen it starting to replace conventional currencies by now.

as far as i can remember bitcoin has never been planning on "replacing" conventional currencies. you can see topics about when will it happen but they are just random users talking about it.

and the reason it is not accepted as a currency yet are these:
- people don't want to spend their coins, they want to HODL and make profit (more fiat!!!).
- the price is volatile so that may scare some people from seeing bitcoin as a currency.
- there aren't enough shops accepting it and the big ones like Amazon for example doesn't still allow bitcoin.

A Scene at my local grocery:
me: let me pay for my milk with bitcoin here
cash register person: Hmm...OK
me: I scanned my bar code, so it is done
cash register person: i don't see a confirmation
me: let's wait a little
people in line: grumble, grumble, grumble
cash register person: Mr, please stay aside
me, 13 min later: what's the heck...forget about it...here is $5

Right there is the problem ... couldn't be better explained !

actually he is explaining a very hypothetical situation. and if you or him ever tried buying something with your bitcoin in real life you could have known this too.

[UCHCHILD]

Maybe because bitcoin still need more improvement especially in terms of long transaction process.We cannot guarantee those transaction with slower confirmation.

[taxmanmt5]

Doesn't make any sense TBH. We should've seen it starting to replace conventional currencies by now.

It is because bitcoin is not yet authorize by each government and there were countries that banned of using it so people are trying to talk less it I guess that is one reason. And some might think its an illegal source of money. But soon everyone will change their point of view and bitcoin will be accepted as major currency.

[Tyrantt]

Doesn't make any sense TBH. We should've seen it starting to replace conventional currencies by now.

The price of the bitcoin itself is one of the issues why businesses aren't accepting it just like that. Today he invests over 100k dollars into btc, tomorrow the price drops from 1200$ to 900$ and he has lost money, and no one likes loosing money. So, he'll keep it safe and not invest ito btc right now or not so much. I've talked to the few businesses about implementing bitcoin and one issue that all of them stated was the significant price drops and rises.

[rajasumi3]

Price of bitcoin is not stable at all. Even if the price of bitcoins hit high so much , the price of bitcoins have gone down a lot and there s nothing that the price of bitcoins would go up at all or not .we have to wait and see whats next .

[numismatist]

Doesn't make any sense TBH. We should've seen it starting to replace conventional currencies by now.

We are not seeing it as a currency for the same reason that we are not seeing gold coins or Apple shares as a currency.

Bitcoin isn't a currency. It is a highly mobile commodity. You can pay in bitcoins but the seller actually wants $$$ , not btc.

All three come close to a currency, bullion coins since millennia, Apple shares just since some decades and Bitcoin since years. People recognized their value! Just to "replace" a currency you would need to apply lethal force. Something "official" in the workings.