Bitcoin as payment system

[sultanali]

I really want to see bitcoin as a payment system because the technology behind bitcoin is very great and I really want to see people around the world start to use bitcoin as a payment system.

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[Getmon]

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?

I also believe that a very volatile currency is not healthy if we want to use it primarily as a currency and not as a form of investment. Could you imagine that it is very much possible that with a certain amount you could already get a pair of branded sneakers, but then after you took a 30-minute nap, you cannot even buy a cup of coffee with it? That is what happened to Bitcoin right now.

I am thinking that there will always be a certain time in the future when Bitcoin is already very widely circulated that its value will not be that volatile. 

[Zeddyn]

Until now people are using bit on as a place of investment and I believe that one day bitcoin will be widely used in Online shop payment system.

[Pier7]

Bitcoin makes a very good medium of exchange since we can send payments internationally without the concern for currency conversion, it is fast and low cost, no banks and other financial intermediaries could interrupt user transactions and cannot be reversed once made. It is because of this benefits that more people are interested to use bitcoin and perhaps in the coming days, it's gonna be widely accepted as payment system.

[Holapola]

The only one reason why BTC costs not more than $100k - people are underestimating it. For now its just a store of value, you don't actually need to use it to make payments. I hope in 2-3 years situation will change.

[Piggymonster]

While many people may know about bitcoins as a risky investment, bitcoin as a payment system offers benefits for consumers and merchants. Bitcoin can be send to any place in the globe without limitations, made transactions irreversible so the merchants is not at risk of a chargeback. For the buyers, it allows you to purchase items abroad without worrying about currency conversion and additional charges for the processing fee.

[rutherford]

I don't think Bitcoin will blow up in the future, in fact i see Bitcoin's future will be bigger than this year. They keep developing their products to be better. And judging by their market demands, people are still interested in Bitcoin. But using it as a payment system, it could happen but we have to be patient until that happen.