When will more retailers accept Bitcoin

[setupbounds]

I think that this will happen soon, because taking bitcoins by sellers will lead to higher prices for goods because of high fees. For small purchases, this decision will be very unprofitable.

Yes this condition is not very profitable, so try to buy maximum amount of bitcoin or if you want to sell then try to sell maximum amount of bitcoin, because in this way you fees will no effect you profit and you will get what pretty much secure future for you bitcoin, and I hope sooner when retailers accept bitcoin then this profit margin will increase further more.

yes the price of the bitcoin is increasing very fast and we can make good income through it. Selling your bitcoin can make you earn money but for it you need to keep an eye on the price of eh bitcoin sell it only when you see the price of the bitcoin is very high than the price you bought your bitcoin so it is a good source of income for the investors and the traders. Bitcoin is now accepted by a lot of countries and they are trying to make it legalized currency so bitcoin is very important for everyone equally.

Yeah! We need to be really careful with our coins and don’t waste the digital diamond on trivial things. Bitcoins are rising in price day by day and many people have started treating them as long term investments. Under such circumstances, it is really absurd to waste your bitcoins on any useless thing.

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[Boomber]

Maybe a few more years bitcoin users increase and more retailers who receive bitcoin as a means of payment in the transaction will greatly facilitate us bitcoin users.

[yvesp110]

I think that sellers are afraid to take bitcoin because of its not too stable price and many will not so risk not to stay at a loss. It will be like a lottery and will be sold only by very rich sellers or those who are not afraid of losing money.

Thats true, I am thinking the same way since the price of bitcoin are really volatile and retailers and afraid of loosing money and since not all people use bitcoin it will be hard for them to convert their btc. but i hope that a lot of shops around the world will finally adopt the system of bitcoin.

Yeah! One day every business will be accepting bitcoins. Right now basically people are not well aware of bitcoins. Even those who know about bitcoins are quite reluctant to use them; maybe they are afraid of getting scammed. Some even find it hard to operate bitcoins and wallets. The good thing is that already few online shopping sites have started accepting bitcoins. In short, one day whole world will be using bitcoins.

[Kiweikoo]

I think that sellers are afraid to take bitcoin because of its not too stable price and many will not so risk not to stay at a loss. It will be like a lottery and will be sold only by very rich sellers or those who are not afraid of losing money.

Yes, it will be unprofitable for some retailers, and I believe much has been done to convince people to start making use of Bitcoin. So nothing has to be done again. It’s now left for them to choose whether to make use of Bitcoin or not.

[stompix]

I think that this will happen soon, because taking bitcoins by sellers will lead to higher prices for goods because of high fees. For small purchases, this decision will be very unprofitable.

Yes this condition is not very profitable, so try to buy maximum amount of bitcoin or if you want to sell then try to sell maximum amount of bitcoin, because in this way you fees will no effect you profit and you will get what pretty much secure future for you bitcoin, and I hope sooner when retailers accept bitcoin then this profit margin will increase further more.

yes the price of the bitcoin is increasing very fast and we can make good income through it. Selling your bitcoin can make you earn money but for it you need to keep an eye on the price of eh bitcoin sell it only when you see the price of the bitcoin is very high than the price you bought your bitcoin so it is a good source of income for the investors and the traders. Bitcoin is now accepted by a lot of countries and they are trying to make it legalized currency so bitcoin is very important for everyone equally.

Yeah! We need to be really careful with our coins and don’t waste the digital diamond on trivial things. Bitcoins are rising in price day by day and many people have started treating them as long term investments. Under such circumstances, it is really absurd to waste your bitcoins on any useless thing.

Waste? Lols.
You mean giving BTC a purpose to exist in this world.

If nobody would be selling and clearly buying bitcoin also being impossible , with no one buying stuff with bitcoin and for sure no shop accepting bitcoin as they have no customers , what do you think the value of BTC would be?

Not so hard to guess.
What was the value of BTC befoe the first pizza was bought for 10 000 BTC.
0.
And that is the value it will return if nobody is using it and treating it like an "investment".

What I think and in my experience is that people will use Bitcoin when stability comes to the market.

What most people who is no-tech related, talking about Bitcoin is sooo overwhelming. Now imagine you tell them that the currency has variations every second and that in one month they can lose money, and in another month they can win up to 100% (like it happened two months ago)

Right now it's almost impossible for more people to use bitcoin.
We are constantly hitting full blocks so more transactions are impossible to go through.
This is the current limit so no, without people using segwit there is no growth in usage.

[South Park]

"Japan: No Bitcoin Tax, Thousands of Stores to Accept the Cryptocurrency"

article published July, 5, 2017
https://edgylabs.com/2017/07/05/japan-no-bitcoin-tax-stores-accept-cryptocurrency/

"AirRegi is a widely used, tablet-based point-of-sale app in Japan. Currently, around 260,000 establishments, stores, and commercial facilities use this proprietary app to accept payments from their clients."

It makes sense that a transition to accept bitcoin would be underway for more US-based stores.

That's good to see that more and more stores are coming forward to accept crypto currencies. It is a real good news for people like me. However, there are many challenges to accept crypto currency for physical store transactions. Let me list out a few for you.

First is the confirmation time, The average confirmation time for bitcoin is around 20 minutes only if you pay high fees. So you will have wait for 20 minutes at the billing counter to actually get the goods you purchased. Also you will end up paying high fees which may not be feasible for small purchases.

Second is the dynamic pricing of bitcoin. Bitcoin price can go to any level within 5-10 minutes which makes the stores vulnerable to exchange rate risk. The product you bought for 10 USD using bitcoin, can be priced at 5 USD after 10 minutes based on the prevailing market rate. It can increase as well as decrease. So that's a risk to the store owners. These are two basic factors why stores worldwide are not accepting bitcoin as a currency.

The first of the issues is being tackled at the moment  the lightning network will take care of that and about the second the only thing that can cure bitcoin volatility is time and adoption, it is sad but there is nothing we can do to help bitcoin in that regard.

[novhitadaloma]

it could come true, but can it guarantee the security of our account? any tool based on the application installed on the smarphone would be very easy to hack.

[Jingjing12345]

I think when bitcoin was widely acceptable. When it is already legal on all country. It is not far because bitcoin is acceptable in other country and becoming legal it world wide is not impossible. Retailer also need an assurance that their business will not be busted after accepting bitcoin as payment.

[perfect999]

Maybe a few more years bitcoin users increase and more retailers who receive bitcoin as a means of payment in the transaction will greatly facilitate us bitcoin users.

Yes, it will take some time for Bitcoin to have a good hold in the market. I am very much sure that the way Bitcoin is holding its place in market, in very short span of time it will be accepted by most of the retailers and we may see it as National Currency perhaps one day.

[South Park]

I think that sellers are afraid to take bitcoin because of its not too stable price and many will not so risk not to stay at a loss. It will be like a lottery and will be sold only by very rich sellers or those who are not afraid of losing money.

Yes, it will be unprofitable for some retailers, and I believe much has been done to convince people to start making use of Bitcoin. So nothing has to be done again. It’s now left for them to choose whether to make use of Bitcoin or not.

It does not have to be unprofitable for sellers the moment they receive bitcoin they can immediately convert it and if they pass the cost of conversion to their customers then they have nothing to fear about losing money in fess I think many people just do not want to change the way they do things.

[giantrobot]

What I think and in my experience is that people will use Bitcoin when stability comes to the market.

What most people who is no-tech related, talking about Bitcoin is sooo overwhelming. Now imagine you tell them that the currency has variations every second and that in one month they can lose money, and in another month they can win up to 100% (like it happened two months ago)

When a small business can accept bitcoin, it has gained widespread popularity as a currency of the world. That is a prerequisite. Otherwise, that will not happen.

[darkangel11]

I'm actually waiting for a merchant acceptance to make the most out of my coins. Buying stuff, especially electronics directly allows you to avoid banks, so no big brother watching your transactions and no taxes. You can go to a store and come out with a new TV, console, speakers and it's like the whole thing was done in cash.

[Cazkys]

Retailers will accept when it will be stable. It’s good that japan has accepted Bitcoin in their society. Even more better that they have integrated it in their local stores. But for some retailers in other countries to accept it, it should be stable first. I imagine that it can be frustrating that you’ve received bitcoin payment worth $20 only for it to turn to $17 when you cash it out because of its volatile nature.
   

[faceoff97]

Countries would adopt bitcoin in their retail store once they get benefit from it, basically its about the taxing system that will be applied gor every use of bitcoin. Some other country arr now using bitcoin like japan. Other country like Philippines has already transactions offered like electric and cable fee that bitcoin cam be used. It would be possible that more countries will adopt the use of bitcoin knowing that there are now increasing number of users. If government would not do some action to implement the use it would be their lost. Bitcoin with or without the interference of government will go on, and people could invest, trasact, buy and sell.

[harizen]

Retailers will accept when it will be stable. It’s good that japan has accepted Bitcoin in their society. Even more better that they have integrated it in their local stores. But for some retailers in other countries to accept it, it should be stable first. I imagine that it can be frustrating that you’ve received bitcoin payment worth $20 only for it to turn to $17 when you cash it out because of its volatile nature.
   

Bitcoin will not become stable, maybe will last for 10 years or more. Since bitcoin was being introduced as money to make more money, majority will take this chance to considered this as an investment rather than a currency. For merchants to accept bitcoin, they must also accept the volatility on it.

If other merchants able to accept bitcoin even with hard volatility, there is also a chance that more merchants will follow. They just have to do brainstorming on how they will deal with this kind of price movement in bitcoin currency.

[dondexter]

I think everyday you see more and more retailers accepting bitcoin. It will likely increase in the future. But not sure when or if it will ever be accepted by most retailers.

[Indrawan77]

When bitcoin got more good publicity I think there will be more retailer willing to accept bitcoin, some people still do not really know about bitcoin and then the transaction speed sometimes become the reason for the retailer to refuse bitcoin payment, but I believe in the future a lot of stores will accept bitcoin, because it is a great and easy innovation to do transaction globally

[Darklinkz]

I know it's very near and I can feel it. It will just take few more years because btc is spreading so fast to society compared to recent years.

[Cofee.BLUE]

Well, we have to thank Japan for really leading the way for the burgeoning adoption of Bitcoin down to many merchants or retailers. I am sure this can somehow make Bitcoin more popular as it can now be used to buy real-world products whether online or offline. It is now very convenient to pay Bitcoin because of the provided infrastructure.

As with the great USA, there seems to be a slower adoption of Bitcoin from merchants big and small. It can because of the still-lacking tax and legal framework to work with. We are having a wait and see attitude so far. Hopefully, in the coming months and years there would be an uptick in the merchants' attitude towards Bitcoin. Well, we are all hoping that soon Amazon and other big online retailers can facilitation the acceptance of Bitcoin.

There is no questions there are still many issues that e-commerce has to contend with in relation to Bitcoin. Many are showing apprehension with the currency's volatility which can definitely affect potential profits. Not to mention the reluctance of the government to fully recognize Bitcoin.

Probably in some developed countries legal bitcoin of course already available some services both store and other facilities that provide transactions both online and offline using bitcoin facilities, and maybe only time factor bitcoin will be a digital currency that can be used in various countries with various transaction services

Indeed. Bitcoin usage especially within countries who have been already established bitcoin legalization will surely have their retailers accepting bitcoin usage for a term of currency that can be typically use for payments anytime and anywhere in any business establishments. This can also be possible to happen into other countries across the globe due to the reason that consumers demands will dictate the next move of the retailers forcing and pushing them to accept and operate bitcoin usage because it was the major demand of the societal individuals.

[btcdiggingmaster]

The main problem of accepting Bitcoin as a payment is firstly governments should be given green signals to the retailers in order to accept bitcoins. There are some countries who have given permissions to retailers to accept Bitcoin as payments method.