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Author Topic: Bitcoin as a mode of payment  (Read 4289 times)
mark1220
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November 13, 2017, 10:27:22 PM
 #141

Just wondering, who is accumulating Bitcoin via using it as a method of being paid, so instead of being paid in dollars or any other amount you ask client to pay you via Bitcoin especially merchants and freelancers. I think it is cool to be paid via Bitcoin because it appreciates so its like you can earn twice if you sell high.
For me its so cool that we using a bitcoin in paying because its safe than you pay in dollar or other currency, maybe many merchants earn big money.
secdark
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November 13, 2017, 10:40:54 PM
 #142

Mostly all of us that is using bitcoin is really want it to be implemented because you can spend.already your bitcoin if you buy something on the store without exchanging it into our own fiat . I know sooner or later it will be implemented and there are a lot of stores that will accept bitcoin as payment.



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FaithETH
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November 13, 2017, 10:50:27 PM
 #143

Bitcoin has definitely become more recognizable as a currency that's used to pay for various transactions, payouts, worker wage and so on. Currently alot of the world is aware of bitcoin but until further notice, preferably when the knowledge about ins-and-outs about bitcoin becomes more prevalent it's best to not mangle with the stuff and keep small transactions to fiat money. I'd prefer bitcoin now, but you can't have everything now it seems.

Vaculin
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November 13, 2017, 11:13:55 PM
 #144

I would definitely agree with this one. Since it's a hassle less for buyers and transaction that we made. Also, there are lots of shop and some stores who are accepting bitcoin as a mode of payment. I also see some online shops who accepts bitcoin as payment. Some people also agree with this one since this transaction is paperless and cannot be traced.
Right.Bitcoin has a very fast and accurate transaction not like other payment system.Plus the fact that your personal identity remains anonymous,it's very favorable for us users.I am really looking forward for this to happen but still in my country only few of the stores except online stores are accepting bitcoin as a mode of payment.
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November 13, 2017, 11:27:35 PM
 #145

There are quite few local shops in my area which started Bitcoin. Unfortunately, I don't know what they are doing with earned bitcoins. I wouldn't be surprised if vast majority of them was holding them. If they accept Bitcoin, they should be aware of risks and possible gains. Bitcoin value is very likely to increase over time. If I had my own business, I would accept BTC.
I'm sure they'll do a hold of the bitcoin they get
because the rapidly growing price of bitcoin can benefit them in the long term.
and what they are really doing is hoarding bitcoins,
because I'm sure they already have enough money to shop around without having to sell the bitcoin

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Jombrangs
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November 15, 2017, 05:04:55 AM
 #146

Bitcoin as a mode of payment is a nice idea. You can purchase  differebt stuffs using bitcoins. You do not need a fiat miney just to buy sone things that you wanted to buy. And i think it is so cool. A fast transactions.
Karakyli
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November 15, 2017, 05:19:15 AM
 #147

Recently, bitcoin has more and more problems with the passage of transactions due to poor bandwidth, which arose because in its code there is a limit of seven transactions per second. Therefore, as a means of payment, it is used less and less. This shortage is devoid of bitcoin cash, which was one of the reasons for its astounding price increase recently. I think that the battle between bitcoin and this clone for the championship is just beginning.
dvabit
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November 15, 2017, 05:36:42 AM
 #148

I wish this would become real..
ghost424
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November 15, 2017, 06:13:12 AM
 #149

Bitcoin is a good way to transact with others. In the forum, in the services section, a lot of offers there are Campaigns that will let you receive payment via bitcoin. If these is what happens in the real world, the world will no longer have long lines just to pay for a piece of something in the supermarket. If bitcoin gets legalized and if we educate people that is using bitcoin, we will put the use of bitcoin into good use.
bitcoinrays
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November 15, 2017, 06:23:06 AM
 #150

bitcoin is the best currency in the world I think personally, I really like it if there is a payment program using bitcoin, because we can all invest in it and can earn more profit from the salary of our work by way of payment using bitcoin.
It would be more pleasurable if ordinary shops and restaurants accept bitcoin for payment, it is grabbing the attention of people and is getting a chance to be on path which will make it able to lead all other currencies and be on top. Some institutions have started accepting tuition fee in bitcoin which is a turning point and hope it continue so in future
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November 15, 2017, 06:36:27 AM
 #151

Bitcoin is the best mode of payment, It's fast, hassle free and secure. You don't need to use your identity while using this payment method it's totally anonymous. No need for any kind of Identification card or any shitty documents required.  Grin Grin
Gens09
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November 15, 2017, 06:53:19 AM
 #152

Just wondering, who is accumulating Bitcoin via using it as a method of being paid, so instead of being paid in dollars or any other amount you ask client to pay you via Bitcoin especially merchants and freelancers. I think it is cool to be paid via Bitcoin because it appreciates so its like you can earn twice if you sell high.
using bitcoin in payments is good. for me less hassle because if you are paying a big amount of money you need to go to bank so that you'll be assure that your money is safe but if you have btc even if you are at your house you can transfer money. and I know bitcoin is safer than banks because the bank system can now be manipulated by the hackers the the system in the btc is really hard to hacked.
GreenBits
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November 15, 2017, 06:59:22 AM
 #153

Just wondering, who is accumulating Bitcoin via using it as a method of being paid, so instead of being paid in dollars or any other amount you ask client to pay you via Bitcoin especially merchants and freelancers. I think it is cool to be paid via Bitcoin because it appreciates so its like you can earn twice if you sell high.
using bitcoin in payments is good. for me less hassle because if you are paying a big amount of money you need to go to bank so that you'll be assure that your money is safe but if you have btc even if you are at your house you can transfer money. and I know bitcoin is safer than banks because the bank system can now be manipulated by the hackers the the system in the btc is really hard to hacked.

bitcoin was really only intended to be a method of payment, not the store of value that people have come to depend on it as. part of the reason we have had to explore scaling solutions is only because adoption has outstriped network capacity, we werent supposed to scale this quickly (we should be further along the reward minimization process befoer we saw these price levels . its a chicken egg thing, the prices make folks eager to "invest" (not use), so traffic and prices increase in a feedback loop.

this isnt sustainable, folks.
Hazaki
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November 15, 2017, 06:59:40 AM
Last edit: November 15, 2017, 12:17:39 PM by Hazaki
 #154

It's true that being paid in bitcoin boosts the potential value of your coins over time and thus their value in fiat , yet there's lots of points that you can't deny and which are , first of all you should wait to convert your money wherever there's a split or a new alt and if you're in urgent need in that particular time then you will sell low . Secondly , you must have nerves of steel to not panic out whenever bitcoin's value goes down and keep thinking what will happen to your savings if bitcoins really dies this time . So there's good part and a bad one and you should take both in consideration .
susila_bai
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November 15, 2017, 07:24:40 AM
 #155

Just wondering, who is accumulating Bitcoin via using it as a method of being paid, so instead of being paid in dollars or any other amount you ask client to pay you via Bitcoin especially merchants and freelancers. I think it is cool to be paid via Bitcoin because it appreciates so its like you can earn twice if you sell high.

Ya it is truly very good idea of making bitcoin as mode of payment for paying and if you are a merchant then you can also receive bitcoin as payment for your product selling. But in this process if you are a merchant then you have to check the Bitcoin status in your country so that you should not get in any legal problem if bitcoin is illegal declared in your country. So before stating bitcoin as mode of payment first it has to get legal status in all country or atleast who ever want they have to check it.
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November 15, 2017, 07:43:17 AM
 #156

Just wondering, who is accumulating Bitcoin via using it as a method of being paid, so instead of being paid in dollars or any other amount you ask client to pay you via Bitcoin especially merchants and freelancers. I think it is cool to be paid via Bitcoin because it appreciates so its like you can earn twice if you sell high.

Bitcoin as payment is already been in use today. The bitcoin payment is being sent to the address of the person or company you are transacting with. It is used now for monthly bills, prepaid card loads, etc.  This is way more convenient than using credit cards. I think if most company use this process, maybe someday we don't need POS or cashiers.

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November 15, 2017, 07:57:35 AM
 #157

Just wondering, who is accumulating Bitcoin via using it as a method of being paid, so instead of being paid in dollars or any other amount you ask client to pay you via Bitcoin especially merchants and freelancers. I think it is cool to be paid via Bitcoin because it appreciates so its like you can earn twice if you sell high.

Truelly, if you are paid with bitcoin, you will be gladen because of the rise in its price, but the people paying you in bitcoin, are some how at lose, cause they have a certain amount that was allocated for the job, but when there is now a rise in price it puts them at risk.
The only place where bitcoin can be used for payment is here in the forum's campaigns.
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November 15, 2017, 08:03:47 AM
 #158

There are many benefits in using bitcoin as a mode of payment in the future. The transactions will be fast and on time if there is no problems in the data transmission like the growing backlogs of unconfirmed transactions in some digital exchanges.
Cotton Candy
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November 15, 2017, 08:09:29 AM
 #159

Just wondering, who is accumulating Bitcoin via using it as a method of being paid, so instead of being paid in dollars or any other amount you ask client to pay you via Bitcoin especially merchants and freelancers. I think it is cool to be paid via Bitcoin because it appreciates so its like you can earn twice if you sell high.

That would be so nice and convenient when that happens because many of people that are using bitcoins have a lot of time difficulties on where they can sell their bitcoins whenever they needed money. If bitcoins are noq can be use as a mode of payment they do not need to think where to exchange bitcoins into cash because we can directly buy rhings that we wanted by jist scaning the qr code that would we much easier than paying using atm.
Drnice
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November 15, 2017, 08:09:48 AM
 #160

I wish this would become real..

What do you mean?  Everyone that is currently using bitcoin is very happy, the price is increasing on a daily basis, (dispute some dip), which is giving to the investors at high profit. It is also used to purchase things from online shopping sites, and above all, YOU CAN CONVERT IT TO YOUR NATIVE CURRENCY.
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