Bitcoin as payment system

[barcelona 94]

It is good since it will make the life of the people easy and way better than before. With bitcoin I can pay my bills without falling into a line.
Therefore I can save more time and money with this

[esa2782]

i think bitcoin should be seen as a payment method instead of investment, but as we know that bitcoin number is limited and by the process of mining, bitcoin will be all owned, so that's why people see it more of an investment rather than payment, but if we are talking about cryptos as a replacement of paper money it should be used to pay but because of many states and government still against it that is why the process of integrating btc and cryptos as a payment still far from what we all hope.

[WhoAmAi]

I think bitcoin as a payment system can be realized because in the future we will need digital money that is easy to use and portable. Maybe it will replace the paper money because it is not environmentally friendly because it has to cut the tree to make it.

[kiddeon123]

We all know that Bitcoin is one of the best ways to invest your money. However, we know that Satoshi wanted to change money as we know it rather than new investment model.

How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?  

And how do you see it's future?

Butcoin is already a form of payment nowadays. People are already using it to buy things that they want. But bitcoin today cannot become a currency in any country due to its fluctuating price. I am not saying that it has no potential, actually bitcoin has a big potential in the future because of its concept. For niw lets just wait and see on what the future holds in bitcoin

[sutil]

Actually Bitcoin is created to become a payment gateway like Paypal, or Paymaya. The only thing that makes BTC pump in price is people are holding it like a stock or an asset.

[Surya_BTC]

I think payment system via BTC very bad
Too hight fee and very slow to confirm transaction
I suggest XLM become a new payment system
It very quickly and low fee
If you not yet use it,I think you have to try it and feel

[aryani]

Bitcoin might stay the way it is but not as a bubble but as an online asset and investment shell. If bitcoin does not up its game by innovating someway some other coins might overtake it.

[Saddam Bin Delowar]

This is good news for us. Bitcoin as the payment system may be nice. It is a better payment system than credit cards. From its features it is almost an ideal payment method.

[OnlyTomorrow]

Bitcoin was originally invented as an electronic currency to change how people use and handle money, but do it limited supply people started buying it as an asset just like gold

[shoreno]

I think payment system via BTC very bad
Too hight fee and very slow to confirm transaction
I suggest XLM become a new payment system
It very quickly and low fee
If you not yet use it,I think you have to try it and feel

not all times the payment via btc is bad because you know it is also dependable and the fees or confirmation time will always depend on the price of bitcoin. if the current price of btc is low or in a dip phase then the transaction fees are probably low or cheaper than usuall but if the current price of btc is high or above ath , you better expect a high and expensive transaction fee. Confirmation time will depend on how crowded or traffic the mempool are.

xlm is i think a bad medium to use because xlm needs a different wallet not unlike to btc that its verry easy to use and supports almost any wallets out there.

[twitami1]

The arguments that sellers will not accept Bitcoin because of its volatility are also wrong. Bitcoin itself can be used as a payment system; Sellers do not need to store bitcoins or be exposed to their volatility. Any consumer or seller can at any time sell and buy bitcoins and other currencies.

[Natalim]

Bitcoin was originally invented as an electronic currency to change how people use and handle money, but do it limited supply people started buying it as an asset just like gold

They buy because they believe on the potential of bitcoin, it's not the supply actually but the usefulness of this technology.
If those who have invested early had cash out, I am sure there is a major dump but what we are seeing is a growing market because they hold like us.

[CADguy]

Bitcoin as a means of payment can make a serious competition to the usual payment systems.

[altercreed]

Actually Bitcoin is created to become a payment gateway like Paypal, or Paymaya. The only thing that makes BTC pump in price is people are holding it like a stock or an asset.

Yes, and with bitcoin as a payment system, and expected fast and affordable transaction across borders. But the only problem with it is that there are countries that ban cryptocurrencies. Secondly, we know that bitcoin needs to to be online in order to make a single transaction.

[clipman77]

It is possible that the bitcoin can become a means of payment after replacing outdated fiat money in several years, people can choose to pay them by bitcoin or their credit card. The work has been going on for a long time in this direction, now the commission for shipping bitcoin is only a few cents.

[gwestcot]

Bitcoin is not a bubble even with its high price fluctuations.Only a tiny fraction of the world population currently use bitcoin.Bitcoin needs to have a wider adoption to be fully functional as an effective payment system.Wider adoption will remove the high fluctuation in price and tendency of a bubble-like behaviour

Yes but there is nothing to bridge the gap right now... There must be price stability first before people will ever adopt in mass numbers. Even if the entire world would adopt Bitcoin it would still be deflationary in nature due to the increase in population. Incentives>Beliefs

[Tervelatuk]

maybe someday it can happen, because the digital currency can we think of as a development of the times, although in my country have not legalized bitcoin but I think it can happen

[serenacalce]

This question shouldn't be asked, just by random look on this forum anyone can see how many people complain on transaction fees. If fees continue to grow bitcoin can't be used for everyday payments, I can't imagine that with current fees. I think that everyone is aware of existing troubles with sending bitcoins, maybe the worst of all isbthat we don't even known when this can be solved, will it last for a month or a year more, nobody have a clue we all just guessing, same newspaper do I think.

[pedrasantos]

2018 is another year for bitcoin as many people are still coming to get bitcoin as their investment and savings for the future.
As long as there is a new addition to the community the demand of crypto will continue to grow while the supply remains at a maximum number of 21,000,000 bitcoin. this will affect the market blow as always. 2018 will have the blow and bitcoin will overpass the 20,000 USD and will hit the new milestone of 60,000USD before the year ends.

[Karakyli]

The name of the payment system is derived from the English word "coin", which in translation means a coin. So - the electronic payment system Bitcoin assumes the use of digital currency units, which are better known under the name of the crypto currency. This type of payments are actively used when buying a variety of goods in online stores, as well as those places of sales, where bitcoins are in circulation. There are also special exchange points in which Bitcoin is converted, turning into a user-friendly currency. The Bitcoin payment system is distinguished by the absence of any governing body, which makes it possible to classify it as a decentralized payment system.