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Author Topic: Bitcoin will become the best worldwide cryptocurrency and digital payment system  (Read 1134 times)
Betwrong
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December 01, 2017, 11:52:33 AM
 #61

There are 2 weaknesses the developers must solve to give Bitcoin become the best payment system in the world. The first is that transaction speed is too long and the second, the fee is too high.

As of now the fastest and cheapest transaction fee is 170 satoshis/byte, which means that for the median transaction size of 226 bytes the fee will be around 38,000 satoshis. Whether it is a lot or not, $3.8 for a fast, under 30 minutes, transaction, depends on the amount you want to transfer. Of course this is a lot if you you want to transfer below $40 but for transferring $200+ the fee is not so unbearable.

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harbin55
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December 01, 2017, 02:56:38 PM
 #62

From there excellent performance of Bitcoin show in the field of electronic banking industry, there is no doubt that bitcoin can dominate in the world and become the most successful companies in the whole history.
Opquar
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December 01, 2017, 03:13:28 PM
 #63

bitcoin won't become anything, it already is both a worldwide cryptocurrency and a payment system!!!

it will get adopted more though. and what is changing these days is that people are forgetting that bitcoin is meant to be a currency first and then an investment second. but because of the price rise everyone just thinks of bitcoin as purely an investment that they are going to dump as soon as they fear a tiny drop.

It is not the best yet. Visa is still a better payment system, and other cryptocurrencies outpace it when it comes to features. We will get there tho.
manoj kumar k
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December 01, 2017, 03:18:10 PM
 #64

yes deffinitly as we have seen the growth of the bitcoin in the worldwide bitcoin will become the best worldwide cryptocurrency and digital system
newfix
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December 01, 2017, 04:07:48 PM
 #65

I think that today bitcoin is already the best worldwide cryptocurrency and digital payment system
And with time it is becoming more and more, and more people are interested to bitcoin and altcoins
So Bitcoin is and will be the future of digital payments
gz1derbread
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December 01, 2017, 04:31:18 PM
 #66

Undoubtedly, in the future, the bitcoin-system will be the leading one in the world financial system. It is convenient, safe, profitable. And I think this time will come very soon.
tiggytomb
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December 01, 2017, 04:36:26 PM
 #67

Bitcoin is already the best worldwide cryptocurrency and digital payment system never mind will become lol. I hope you're not thinking another one is better right now, or that fiat money or gold is better either.
The only thing is nobody knows about it or is too scared to learn and jump in, I think the more easy entry points available to the general public the quicker bitcoin will grow.
dothebeats
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December 01, 2017, 04:41:04 PM
 #68

Bitcoin transitioning back to becoming the most efficient and cheapest digital payment system is what I would like to witness in the coming future. Bitcoin, though gaining a lot of value rapidly, somehow degraded in terms of being an efficient payment system as what it's intended to be. If bitcoin normalizes its fees and confirmation times, more merchants would be utilizing and integrating it into their businesses meaning more doors will open for the growth of bitcoins.

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KesoNie
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December 01, 2017, 04:55:32 PM
 #69

From there excellent performance of Bitcoin show in the field of electronic banking industry, there is no doubt that bitcoin can dominate in the world and become the most successful companies in the whole history.
There's no doubt that bitcoin will become the best worldwide cryptocurrency and digital payment system because we are now in the modern era of technology. It is not impossible to happen because people are now relying and choosing to order and paying bills online for less hassle, less effort and easy to deal with.  And since today bitcoin are already used by some online shops as a mode of payment.
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December 01, 2017, 05:08:08 PM
 #70

yes deffinitly as we have seen the growth of the bitcoin in the worldwide bitcoin will become the best worldwide cryptocurrency and digital system
Yes maybe it could be, but since I enter trading bitcoin until now I didn't experience to have any transactions online using bitcoin as a mode of payment. So base on my observation this is not totally near to happen unless worldwide countries accept bitcoin as a legal matter used as a payment of bills not only in world of internet but also in our society.
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December 01, 2017, 05:16:29 PM
 #71

I truly believe this. And I gradually prepare for this, buying bitcoins. It will be a completely different world. Much faster and more functional than that. And what I like most is safer.

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December 01, 2017, 05:24:57 PM
 #72

Slowly but steady people will stop dealing with the banks and move to bitcoin, it's just a matter of time
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December 01, 2017, 06:22:08 PM
 #73

I also believe that soon bitcoin will be the leading financial system. Otherwise, I would not put such hopes on him and do not invest my money in it.
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December 01, 2017, 07:06:59 PM
 #74

i think bitcoin still needs many updates before it becomes a leader in financial systems
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December 01, 2017, 08:10:28 PM
 #75

This might be true if no other coin defeats bitcoin, (the coin which is not existing), and bitcoin becoming a central coin used by all the countries, that will take awhile, not in the closest of time.
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December 01, 2017, 08:12:13 PM
 #76

As more and more merchants start accepting bitcoin as a payment system, then it will grow more in popularity as a one choice for making monetary transactions.  I know this day will come as now stock exchanges are starting to put bitcoin futures into their exchange. Remember, more people need to know about bitcoin and more people need to be involved.
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December 01, 2017, 08:20:28 PM
 #77

As more and more merchants start accepting bitcoin as a payment system, then it will grow more in popularity as a one choice for making monetary transactions.  I know this day will come as now stock exchanges are starting to put bitcoin futures into their exchange. Remember, more people need to know about bitcoin and more people need to be involved.
In order for bitcoin to be used as a means of payment need to increase the speed of transactions and reduce its cost. We have seen what these attempts have led. You need to understand that without this trade does not recognize bitcoin. Before bitcoin will end the process of capital accumulation, people will keep the coins and it will slow the development of trade with bitcoin.
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December 01, 2017, 08:25:41 PM
 #78

Really ! everything show that Bitcoin will become the best worldwide cryptocurrency and digital payment system soon !

So what you think guys ?
I think that you need to invest in bitcoin and forget about it for a few years. And then you're like after a dream, you'll be a millionaire. Wink
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