Bitcoin as payment system

[CoinsInvest9]

It is not that clear to use bitcoin as a mode of payment because its system is not that suited for that thing since that you can see that the network of bitcoin is still low and a lot of transaction are being made everyday that causes a lot more slower speed of confirmation for a transaction so i think that bitcoin needs a lot more improvement before becoming a payment system.

True. I was wauting BTC transaction for 8 hours this Friday. Too long

Bitcoin can not use like a payment system until it is fix its problem. Now speed of confirmation for a transaction is too low and fees is too high, i sent 200$ in bitcoin two day ago and i was spent 80$ fees, this is too absurd. If these problem of bitcoin is not improved then it will soon be instead by other coins that is better.

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[aleksandra_kickcity]

It is not that clear to use bitcoin as a mode of payment because its system is not that suited for that thing since that you can see that the network of bitcoin is still low and a lot of transaction are being made everyday that causes a lot more slower speed of confirmation for a transaction so i think that bitcoin needs a lot more improvement before becoming a payment system.

True. I was wauting BTC transaction for 8 hours this Friday. Too long

Bitcoin can not use like a payment system until it is fix its problem. Now speed of confirmation for a transaction is too low and fees is too high, i sent 200$ in bitcoin two day ago and i was spent 80$ fees, this is too absurd. If these problem of bitcoin is not improved then it will soon be instead by other coins that is better.

  $80 is TOOOO MUCH!

[Lukas Tarantas]

Today it is impossible to use bitcoin as a payment system. Transfers are going on for 24 hours, the fee for the transaction is too high, there are much more convenient ways to pay for goods and services.

[aleksandra_kickcity]

Today it is impossible to use bitcoin as a payment system. Transfers are going on for 24 hours, the fee for the transaction is too high, there are much more convenient ways to pay for goods and services.

yep 

today is more than impossible

[Diggity94]

Bitcoin is store of value only at this point in time.  Much better options out there for pure payments.

[kumarcp]

you can use the bitcoin an online payment system insturd of cash

[Chaki]

Yeah.... Everyone Cann use bitcoin as a payment system... But the two party should both agree of course.....
.. Or check company or individual using bitcoin as payment system before making transactions...

[Chakitot]

If the other party agree with you that they can accept bitcoin as payment system then its good for you, but other prefer cold cash....
Depends on people's....

[aslamnur28]

you can use the bitcoin an online payment system insturd of cash

Yeah but not much sellers accept Bitcoin as the method payment of them. There are somes but not enough for you to buy everything that you need.

[geo43]

It can be used for payments but the transaction speed and cost currently prohibit that. Its better suited as a store of value at this point.

[kumarcp]

Yes that a good concept of makeing the bitcoin as a payment system

[doycku]

I do not know what will happen next with bitcoin, but it will be very nice if bitcoin becomes a payment system. It will be very convenient and correct.

[Bay_Harbour_Butcher]

I think for now bitcoin is still very difficult to make as one of the legitimate payment system, because the nature of bitcoin itself is still very volatile, and very anonymous, so it will be very difficult to use. hopefully later there will be a way to overcome this problem and bitcoin can be used as payment system

[smauni]

I am not agree to use bitcoin as a Payment system. Because it's fees is huge at present. And it's take too much time for transaction. That's why I am not agree to use it.

[rudox]

Bitcoin as a payment instrument is not suitable with the current bitcoin situation  as regards the total volume in circulation is too low for the whole world to be scrambling for it, The time for confirmation is to much and the fees are outrageous for now. If these issues are tackled may be then we can consider Bitcoin as a payment instrument.

[syntac]

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?

Currently bitcoin is not recommended for payment fees, much less for small payouts. The cost of bitcoin transactions is still high, which is what makes bitcoin unsuitable for payment system.
Especially now the price of bitcoin is still fluctuating frequently.

[dragonbhai]

No doubt that it created the bases for today cryptocurrencies, and it is one of the most secure networks. But I think it is not made for everyday transactions

if bitcoin become a payment system its good to know because There are so many benefits accepting Bitcoin as payment if you are a merchant. First is that the processing fees are paid by the sender, and the merchant pays nothing to receive funds. These fees are considerably lower than traditional payment networks.

[Taskford]

I don't agree for bitcoin as a payment system because it is too expensive for a payment system since the fees are so high and a normal or ordinary person cannot even afford to buy bitcoin and pay the fee for a higher rate than the other type of payment system so i think it should fixed and adjusted first.

[Virtual miner]

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?

Bubble is not really the appropriate word I think it would remain merely a cryptic investment which people can use and trade there is no doubt that bitcoin will fail as a transaction system. Even though satoshi wanted to do so he did not really planned things for a mass adoption he never thought that bitcoin would come to this level or even if he thought his idea and product didn't really exhibited traits for such adoption. So now all we are doing if forks and forks which are useless in itself as bitcoin transaction fees have gone to such a level that even ultra lightning network won't make it feasible for daily trasnactions.

[FrenchCoffeezS]

We have already bitcoin using payments like the history of pizza. but for this time its have alsomore efficiency that 100% possibility thatbitcoin cn buy a big house.