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Author Topic: When will more retailers accept Bitcoin  (Read 17159 times)
iyan33
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September 02, 2017, 09:58:30 AM
 #321

it may take time to socialize bitcoin to everyone so they know bitcoin and get involved in it, if this is the case, bitcoin development will continue to increase and possibly many stores or other means that provide transaction services with bitcoin.
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September 02, 2017, 02:55:03 PM
 #322

it may take time to socialize bitcoin to everyone so they know bitcoin and get involved in it, if this is the case, bitcoin development will continue to increase and possibly many stores or other means that provide transaction services with bitcoin.

It maybe sooner than we expect though. But of course, it would all be online. Personally i'm seeing more and more buying and selling using btc. I myself am buying from an online retailer with btc. We're not exactly there yet when most retailers accept btc but we're well on our way

 
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JL421
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September 02, 2017, 04:20:44 PM
 #323

It is already been accepted in many places around the world but for it to be accepted every single place won't happen the reason would be it's supply there are very less people in the world who own bitcoin and in those also there will be people who don't wanna spend their bitcoin so simply implementing it won't help anyone
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September 02, 2017, 11:39:26 PM
 #324

I think that in poor countries and in villages, bitcoin may not be accepted at all as a payment, as there is likely no one heard or used about it there. Even in developed countries, not everyone now agrees to use it.
Yes it is very difficult to be accepted bitcoin in villages and small towns but I think soon it would be accepted in mega stores in big cities of many countries because is going very fast for recognition conventionally. I think at the end of 2018 it would be acceptable in all mega stores of cities and people will enjoy shopping with payment of bitcoin
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September 04, 2017, 05:00:54 AM
 #325

it may take time to socialize bitcoin to everyone so they know bitcoin and get involved in it, if this is the case, bitcoin development will continue to increase and possibly many stores or other means that provide transaction services with bitcoin.

It maybe sooner than we expect though. But of course, it would all be online. Personally i'm seeing more and more buying and selling using btc. I myself am buying from an online retailer with btc. We're not exactly there yet when most retailers accept btc but we're well on our way
what I'm worried about right now is not "why are still little retailers that accept payment with bitcoins?" because it will be overcome with more and more users coming in, it's just a matter of time for many stores to start adopting the system from bitcoin. what I'm worried about is that, when many retailers are accept payment with bitcoin, it's a user willing to spend their bitcoin in every day while transaction fee is very expensive?
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September 04, 2017, 05:13:09 AM
 #326

It is already been accepted in many places around the world but for it to be accepted every single place won't happen the reason would be it's supply there are very less people in the world who own bitcoin and in those also there will be people who don't wanna spend their bitcoin so simply implementing it won't help anyone
Here in my country bitcoin is not yet fully accepted and no retailers accepting bitcoin yet, and i think it takes more time to be accepted but i know that i would happen in the future since the bitcoin is on progress of being best currency that can helps more people to have another source of income,.
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September 04, 2017, 03:45:00 PM
 #327

I believe the mainstream will start at Japan, i dont know how many merchants are already accepting bitcoin, but i do believe over the next year we will be able to import paying with bitcoins without any issue. For japanese people for sure it would be an extra way to spend their coins, i dreaming with the day i can use it as well, but Europe is trying to resist to bitcoin. My prediction is after 2020 we will see retailers starting to work with bitcoin and altcoins.
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September 04, 2017, 08:03:44 PM
 #328

it may take time to socialize bitcoin to everyone so they know bitcoin and get involved in it, if this is the case, bitcoin development will continue to increase and possibly many stores or other means that provide transaction services with bitcoin.
Yeah, there is lack of awareness about bitcoins now a day and people are somehow reluctant to invest into bitcoins because of their digital nature. People think they are scam and are something related to gambling. A thorough lecture on bitcoins given to them along with examples is going to attract them badly towards bitcoins.
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September 04, 2017, 08:14:10 PM
 #329

I would imagine it would take some more general widespread acceptance, but also some increased price stability. There would be other factors, of course, and as more acceptance happens there would be potential regulations in place, but price stability would likely be a hugely important factor for more acceptance.

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September 05, 2017, 07:45:02 PM
 #330

It is already been accepted in many places around the world but for it to be accepted every single place won't happen the reason would be it's supply there are very less people in the world who own bitcoin and in those also there will be people who don't wanna spend their bitcoin so simply implementing it won't help anyone
Here in my country bitcoin is not yet fully accepted and no retailers accepting bitcoin yet, and i think it takes more time to be accepted but i know that i would happen in the future since the bitcoin is on progress of being best currency that can helps more people to have another source of income,.
You think right. I too think the same. I believe the number of retailers accepting Bitcoins will not increase after a decade or so but with each passing day, this number will be increasing and we will be able to see a good response from those sitting in market especially when comes the point of Bitcoin.

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September 05, 2017, 08:50:28 PM
 #331

In my country, bitcoin holders have a big problem to transform btc to fiat. I wish we had more options to spend btc or to buy it.
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September 05, 2017, 09:04:40 PM
 #332

The bitcoin is getting expanded very fast but we can't expect only bitcoin to be used from merchants/retailers in a short period of time.

What I see in the near future is the integration of other coins as well and so together to be a place to pay with cryptocurrencies (including Btc, Eth, Ltc...)

So there will be a discount if you pay with cryptocurrencies (or a cashback, gift or something similar) to involve more people to use cryto.
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September 05, 2017, 09:51:50 PM
 #333

it may take time to socialize bitcoin to everyone so they know bitcoin and get involved in it, if this is the case, bitcoin development will continue to increase and possibly many stores or other means that provide transaction services with bitcoin.
Still we don't know when it will happen but it's a big possibility that it will come in the coming years.
Maybe when bitcoin is properly established worldwide and everyone are using it, that's the time that retailer will get through it. Retailers now have still doubt about bitcoin because of it's volatility character that's why until now they don't accept bitcoin as a payment for their stocks.
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September 05, 2017, 10:12:00 PM
 #334

it may take time to socialize bitcoin to everyone so they know bitcoin and get involved in it, if this is the case, bitcoin development will continue to increase and possibly many stores or other means that provide transaction services with bitcoin.
Still we don't know when it will happen but it's a big possibility that it will come in the coming years.
Maybe when bitcoin is properly established worldwide and everyone are using it, that's the time that retailer will get through it. Retailers now have still doubt about bitcoin because of it's volatility character that's why until now they don't accept bitcoin as a payment for their stocks.
i think that it is depending on the number of bitcoin users and their interest. as we can see that now the interest of the bitcoin uses is increasing in bitcoin which is compelling the shopkeepers to start accepting bitcoin for shopping in their house. i am sure that as time pass the number of bitcoin users will be increasing and so more and more retailers will also start accepting bitcoin for shopping.
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September 05, 2017, 10:32:28 PM
 #335

it may take time to socialize bitcoin to everyone so they know bitcoin and get involved in it, if this is the case, bitcoin development will continue to increase and possibly many stores or other means that provide transaction services with bitcoin.

It maybe sooner than we expect though. But of course, it would all be online. Personally i'm seeing more and more buying and selling using btc. I myself am buying from an online retailer with btc. We're not exactly there yet when most retailers accept btc but we're well on our way
what I'm worried about right now is not "why are still little retailers that accept payment with bitcoins?" because it will be overcome with more and more users coming in, it's just a matter of time for many stores to start adopting the system from bitcoin. what I'm worried about is that, when many retailers are accept payment with bitcoin, it's a user willing to spend their bitcoin in every day while transaction fee is very expensive?


I don't think more retailers will accept bitcoin, I alredy posted my thoghts on this issue in different topics. The volatile structure of bitcoin is not suitable for retailers. And transactime time is not also sutable too, retailers can't make sure if the customer didn't fraud them after a payment.
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September 06, 2017, 05:30:02 PM
 #336

Indeed, japan is pioneering the technology of digital currency in this case bitcoin so far their government is correlative in accepting innovations that have a goal to build progress. Even with bitcoin they first became a pioneer country in Asia that states the legality of bitcoin.
I think Japan is looking at crypto and have reached the conclusion that they are not going to be able to beat it and have decide to join it, I think many countries in the world are going to arrive at the same conclusion and will adopt bitcoin even if they are not that happy.
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September 06, 2017, 05:34:14 PM
 #337

It has been accepted by retailers yes, but could be accepted by a lot more retailers.
This has actually been the first year that btc adoption among retailers has shown a decline
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September 06, 2017, 05:45:54 PM
 #338

it may take time to socialize bitcoin to everyone so they know bitcoin and get involved in it, if this is the case, bitcoin development will continue to increase and possibly many stores or other means that provide transaction services with bitcoin.

It maybe sooner than we expect though. But of course, it would all be online. Personally i'm seeing more and more buying and selling using btc. I myself am buying from an online retailer with btc. We're not exactly there yet when most retailers accept btc but we're well on our way
what I'm worried about right now is not "why are still little retailers that accept payment with bitcoins?" because it will be overcome with more and more users coming in, it's just a matter of time for many stores to start adopting the system from bitcoin. what I'm worried about is that, when many retailers are accept payment with bitcoin, it's a user willing to spend their bitcoin in every day while transaction fee is very expensive?


I don't think more retailers will accept bitcoin, I alredy posted my thoghts on this issue in different topics. The volatile structure of bitcoin is not suitable for retailers. And transactime time is not also sutable too, retailers can't make sure if the customer didn't fraud them after a payment.

Yes but in volatile value of Bitcoin that it going to raise and its value and higher than the value of regular currency or their national currency. So it means that retailers will accept it cause their a lot of way how to pay trade in the market. Whether online, meet up or etc. and bitcoin is one of the easiest bitmoney to pay them.

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September 06, 2017, 09:53:15 PM
 #339

it may take time to socialize bitcoin to everyone so they know bitcoin and get involved in it, if this is the case, bitcoin development will continue to increase and possibly many stores or other means that provide transaction services with bitcoin.

It maybe sooner than we expect though. But of course, it would all be online. Personally i'm seeing more and more buying and selling using btc. I myself am buying from an online retailer with btc. We're not exactly there yet when most retailers accept btc but we're well on our way
what I'm worried about right now is not "why are still little retailers that accept payment with bitcoins?" because it will be overcome with more and more users coming in, it's just a matter of time for many stores to start adopting the system from bitcoin. what I'm worried about is that, when many retailers are accept payment with bitcoin, it's a user willing to spend their bitcoin in every day while transaction fee is very expensive?


I don't think more retailers will accept bitcoin, I alredy posted my thoghts on this issue in different topics. The volatile structure of bitcoin is not suitable for retailers. And transactime time is not also sutable too, retailers can't make sure if the customer didn't fraud them after a payment.

Yes but in volatile value of Bitcoin that it going to raise and its value and higher than the value of regular currency or their national currency. So it means that retailers will accept it cause their a lot of way how to pay trade in the market. Whether online, meet up or etc. and bitcoin is one of the easiest bitmoney to pay them.
Btc will soon be acknowledged by many, not only in online business but also in some physical stores. It can be treat ad another mode of payment like cards. Btc may features more development that will be in favor of accessing as a card.
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September 06, 2017, 10:38:27 PM
 #340

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.

In some countries we are at peace in BTC and other crypto, but to some cryptocurrencies are banned (which I think is likely to happen in some countries too). But the acceptance of countries and the regulation of the government in it for the country like Japan (as we all know, Japan is a very popular country when it comes to economy), many countries too will likely to follow Japan.
Little by little, individual merchants, online stores and other companies are accepting BTC as a payment because they are just observing on how this will end ow what will happen in the coming years, because of the positive attitude that cryptocurrencies gave us, if this year is the year of new ICO... I think in 2018 it is the year of ACCEPTANCE of cryptocurrencies.
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