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Author Topic: Bitcoin as a mode of payment  (Read 4289 times)
riddy09
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January 19, 2018, 02:48:33 AM
 #361

@Silent26
I disagree. If you want to receive your Bitcoins fast enough then, you'll pay high fees which often I see in microwallets with at least 100k satoshis per transaction, which when you use it as a payment for freelancing or microworkers will not be a good payment option. Bitcoin is becoming not suitable for microtransactions and really difficult to get free bitcoins because of high amount of withdrawals.

I would say that Bitcoin is good for some services in a long-term, particularly in trading or investments. We don't always expect Bitcoin to keep rising even we know it's very known now. For instance, you'll be paid a sum of $20 worth of Bitcoins then, tomorrow it will be worth $5, which you urgently needed. So, it is not applicable as of this moment with this market.
metalglowd
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January 19, 2018, 02:53:11 AM
 #362

with the number of hacking incidents against btc wallet, especially against wallet exchange, I guess bitcoin is still not feasible as mode of payment
because from here we can know that btc is still very vulnerable, maybe if wallet security has increased, then we can use btc as the mode of payment

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feelthebern98
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January 19, 2018, 02:55:12 AM
 #363

I use bitcoin as a form of payment, but i don't own it/hold it with that purpose, it allows me to get a secondary income while I spend if I need. Currently BTC is not a good mean of payment due to fees but overall cryptocurrencies are super suitable.
yuyuchain
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January 19, 2018, 02:57:35 AM
 #364

Paying with Bitcoin is a great proposition, believing that bitcoin can be as common as WeChat payments as Bitcoin gets better.
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January 19, 2018, 02:58:26 AM
 #365

This is the most greatest idea that someone would think. I guess this such idea would be a big help for everyone especially our world is continuously progressing yet few organization, institution and company are doing this kind of thing. But before this, this idea needs to be accepted by government and as well as bitcoin. By this idea it will be such a big help for everyone for example if you are about to pay your monthly or daily payment you do not even need to go on the certain place to pay you only need to send you bitcoin as a payment. Well the downside of this is that it could be a win win siguation since bitcoin value is not stable.
FUD Expert
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January 19, 2018, 02:58:34 AM
 #366

I tried it when it was still cheaper and it feels amazing so if only those talented developers will find a way to make it the same way back. I want to buy some torrent to direct file accounts again.
hghcoin
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January 19, 2018, 03:00:05 AM
 #367

I think this is a cool payment method, and I think Bitcoin is safer and easier to pay than any other currency. It is a cryptocurrency and we hope the country can promote it.
Gabrieelle
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January 19, 2018, 03:16:06 AM
 #368

Using bitcoin as a mode of payment is a good thing if everyone has access to it. To be able to access bitcoin we need certain technologies like the internet and computer or smartphones. We all know that not everyone in this world has these kind of technology. But in first world countries it would be easy for them to implement bitcoin as a mode of payment because of the advancement of their technologies.
yubsep
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January 19, 2018, 03:17:00 AM
 #369

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 is a great payment method, but the problems are TPS and scalability. I hope all website such as amazon, apple store, ebay and other websites using bitcoin as payment method in the near of future.
Wish 107.5
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January 19, 2018, 03:28:01 AM
 #370

I think this is a cool payment method, and I think Bitcoin is safer and easier to pay than any other currency. It is a cryptocurrency and we hope the country can promote it.
Bitcoin as a mode payment is such a good payment method. As what you have said, Bitcoin is safe and easy to be used, and if it will be allowed to use Bitcoin worldwide; people will manage this time better.
kabelpeggek
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January 19, 2018, 04:11:51 AM
 #371

if in use for all payments I think it will be difficult
as we know the snail bitcoin needs cost in every transaction
but if used as a great wholesaling it may be because it is faster and there is no shipping limit
gwapo.zylle
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January 19, 2018, 04:24:01 AM
 #372

Yes, it is a way of mode of payment. We are in hurry to join in bitcoin because this gives us a lot of opportunities. Once you are in connected with bitcoin you have chances to commit with it. The transaction that you are going to do with bitcoin is so transparent you can avail any it depends what are going to use it. Basically for needs or for wants. 
SupahNovah
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January 19, 2018, 05:04:48 AM
 #373

But the same if the price is low and you really needed the money. It's better to use bitpay or any other 3rd party payment platform. It converts your BTC payment into cash and sends it to the merchant.
Spades77
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January 19, 2018, 05:16:29 AM
 #374

Payments in BTC is very much welcome to me even with the price being volatile. It's a risk I'm willing to take since as per BTC history, it won't be a dissapointment.
Raj0621
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January 19, 2018, 05:17:10 AM
 #375

In theory, Bitcoin is a very good mode of payment especially if the transactions is done online and cross country, it is a hustle free service. But right now, Bitcoin is suffering with the increase in traffic causing delays in transactions, and the transaction fees are very high. I think if bitcoin can fix this issue then, it will attract more users and developers to further improve the system.
senin
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January 19, 2018, 05:21:42 AM
 #376

In my opinion, recently everyone has already made sure that bitcoin as a means of payment is no good. Transactions of it hang hundreds of thousands, the average cost of commission fees before donation was about forty dollars. For example, since January 1, I still have a transaction with the recommended fee and I do not know when it will end. Therefore, I believe that bitcoin does not fully perform its basic function as a means of payment. It urgently needs to improve and eliminate these shortcomings, but with this no one is in a hurry. And bitcoin because of this, while slowly losing its popularity.
mariah.sadio
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January 19, 2018, 05:25:53 AM
 #377

I also use bitcoin when I do tasks and receive payments from different person. Bitcoin helps me receive money in a faster way and all the tasks I do is being paid by either bitcoin or other cryptocurrency like ethereum and tokens.  Bitcoin is one of the good and smartest way to be paid.

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danggoron
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January 19, 2018, 05:31:00 AM
 #378

Using bitcoin as a payment mode has a positive and a negative side because the price is very volatile. How to adjust it to the nominal you should get in fiat? It makes me confused.
If it is used as an investment, and you have income from other jobs then it is very good.

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January 20, 2018, 10:53:11 AM
 #379

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.
Yeah it is cool you dont need to hold your wallet and pick your card or your cash you only need is to get their addresss and send your payment, I think it is awesome to do that. It is much easier and really quick.
It is more preferable mode of payment if this comes to the online jobs or freelancing. This is because paying via the bitcoins can bring out two appreciable consequences that is firstly the employee’s confidence would build up in a positive manner and he would think of working more and more for the company or the organization because as all of us today are well aware of the importance of Bitcoin, he or she must know that it is of great benefit to work for the sake of Bitcoin.

On the other hand such activities ensure a regular circulation of the wealth in the society so that it does not get mounted up at one specific place.

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fuding12
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January 20, 2018, 11:07:14 AM
 #380

Bitcoin has become a very precious currency. bitcoin becomes an option to use as a payment method. In addition, we all agree that it would be nice if we are paid with bitcoin. Because, as you say that it will be like pay twice as much, even many times when the price becomes very high.
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