stripykitteh
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December 10, 2017, 04:21:25 PM |
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I will highligt buyer perspective for bitcoin as a sistem.
There are many benefits for buyers when it comes to using Bitcoin. It allows fast confirmation time within 10 minutes, which is handy for international transactions. It allows you to purchase items from abroad without worrying about currency conversation. Storage of coins is not difficult. The transaction fee is paid by the sender of the coins but this is typically pennies.
It could result in a lower overall cost of items purchased by a buyer due to the merchant not having to pay large processing fees among other things.
Bitcoin wallets can be used on any electronic device such as android, apple, PC, and some wallets can be on USB type sticks.
Safety for Bitcoin use on large transactions between private sellers and buyers have also greatly increased with multi-signature wallet escrow services.
Bitcoin is a payment system. Theoretically there should be more people trying to keep the coins somewhere so the price will grow though they are too impatient whenever they see the price gain a few dollars. |
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Simon pasco
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Activity: 76
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December 10, 2017, 04:46:17 PM |
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Bitcoin is a trading tool, an investment, investment, but I do not see it as a currency
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umbara ardian
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December 10, 2017, 04:58:17 PM |
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it is very difficult now to see bitcoin as a means of payment, because they are always moving without rules, maybe every country needs to think about to replace money on bitcoin, which I see today for the future bitcoin will be increasingly in demand, as a future investment, but blockchain will work same in payment system. I think it will be great.
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Xenrise
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December 10, 2017, 04:59:51 PM |
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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? You know, this is what bitcoin is made of. For payment system and also for investment. It's like hitting two birds with one stone. In stocks market, you're just investing, but you can't pay other people for that. It will stay for the both good. As a bubble and as a payment system. |
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THAHIRHAJI
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Activity: 112
Merit: 10
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December 10, 2017, 05:05:04 PM |
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Bitcoin is being used in many places for payment it is better as now bitcoin is being recognized and being used in many places and we can use it is online transactions also. But it has some charges also and some times there is no system update or internet availability is not there then there will be problem in doing transactions but still I think bitcoin is our future.
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_yoshi
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December 10, 2017, 05:07:12 PM |
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At this time, bitcoin isnt for me a payment systen. Its very valuable at the time, but i dont think it can at the moment a paying system because of the technic behind. It can handle just 4000 Transaction in 10 minutes. You its overloaded since weeks. And the community is doing nothing against. So before the technic ist up to date, it will never be a payment system.
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p i e c e
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December 12, 2017, 10:43:43 AM |
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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 have heard that in some areas of Tokio or Berlin it is quite possible to pay Bitcoins in restaurants and shops. There are a lot of Bitcoin ATMs in such places. BTC is wide spreading more and more. |
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Jessy Mediola
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December 12, 2017, 10:49:20 AM |
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I think Bitcoin will prevail as a payment method. A lot of people are focusing on Bitcoin price, but Bitcoin is still a good technology. It is the best system out there for payment transactions and store of value (in other words, currency).
You don't need to register, you just need a secret number to receive bitcoins. A lot easier then other payment methods.
You own your money and no government can take it from you with inflation or a failure of banks.
It is decentralized and open source, so it is secure and private. Security of every Bitcoin transaction is independent and of each other and at highest level.
In other payment methods, you hack one entity and you hacked all their users. (Paypal just had a breach this Friday).
It is simply objectively the best. Fairest, fastest, easiest to use, private and most secure. It isn't just the best, it is 10 times better then anything out there.
This kind of feature of bitcoin makes it more popular wolrdwide because in payment system, the transaction of many investors or any users is fast and this is good for them because they can trust each pther because they easily notice when the transaction is already done. |
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Mr.Smithers
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December 12, 2017, 10:50:36 AM |
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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? In 2014 there was all that hype about how bitcoin is going to replace all payment global companies (let me not mention any names here, but you know what companies I am referring to) and card operators (again, no names  ) because it has those low fees and relatively fast confirmation time, people would list more and more places where you could spend bitcoins. Well, now it seems that the chances to achieve that are all gone. Now what we are left with is a store of value and when everybody realizes that the king is naked... bum... bubble blows. |
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aleksandra_kickcity (OP)
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December 14, 2017, 12:13:34 PM |
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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? In 2014 there was all that hype about how bitcoin is going to replace all payment global companies (let me not mention any names here, but you know what companies I am referring to) and card operators (again, no names ) because it has those low fees and relatively fast confirmation time, people would list more and more places where you could spend bitcoins. Well, now it seems that the chances to achieve that are all gone. Now what we are left with is a store of value and when everybody realizes that the king is naked... bum... bubble blows. he he he =) nice comment However, the real hype Bitcoin has now |
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Kristalx2
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December 14, 2017, 12:24:04 PM |
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I really wish that atleast there is one merchant that accept bitcoin in my country and has its online shop too, so I can use my bitcoin directly. It will looks cool, I never found any mechant in my country which use bitcoin as payment system.
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jayram
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December 14, 2017, 12:28:05 PM |
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I think that is the real idea of bitcoin to be used as a payment system, but right now people are holding theirs in the hopes of growing their money. I believe tha there will be time where people will began spending their bitcoin as soon as the prices stabilize. Bitcoin should also fix the issue of high transaction fees in order for bitcoin to be fully utilized.
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asu
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December 14, 2017, 12:30:37 PM |
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Bitcoin is a payment system ? Wow ! For me its a less hassle and very convenient. You dont have to travel to pay . You can pay through online at the same time have bonding to your family. But it has a disadvantage when you pay for the wrong it is not refundable.easier payment and less hassle
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mahibul49
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December 14, 2017, 12:32:49 PM |
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yes i want bitcoin as a payment system.bitcoin can be international payment system and very easy way to pay.
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cybersofts
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December 14, 2017, 12:33:30 PM |
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Bitcoin was originally created to help people take control of their money instead of banks that trend to control and steal from the masses.
It's obvious now, that bitcoin turns out to the most profitable way of investment, that is because the importance of bitcoin is more than as it was expected.
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barabut
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December 14, 2017, 12:52:33 PM |
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It is mostly store of value rather than a payment system, people are investing on bitcoin and keep it to see mostly dreaming of 1,000,000USD levels. In my opinion it is not possible but this is the expectation of some people.
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zarados
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December 14, 2017, 01:07:38 PM |
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Despite the pros and cons of bitcoin transactions, I remain optimistic and believe that this technology is a form of future transformation. With this technology, we can accelerate the process of financial verification, support the efficiency of work systems, and can reduce transaction costs. In addition, with the advent of cryptocurrency technology, slowly, this will change the way people do business and invest. So, be proud to be one part of this technology.
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Fantastic33
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December 14, 2017, 01:11:04 PM |
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Many businesses in different countries are accepting bitcoin as payment for goods and services, and there are also some that dont accept, it maybe because they dont know what a bitcoin is. Dont know when will the whole world accept it as payment on any transactions (but it can be possible) since banks are continuously producing money and is the only currency that they recognize.
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vaszel
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December 14, 2017, 02:30:22 PM |
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Bitcoin as payment system have to live! It s one of the secure system. I believe in it! But it has to stay more popularity.
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kramchers
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December 14, 2017, 02:34:41 PM |
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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? you dont want to use bitcoin as a payment system, this will ruin the market not just crypto market but the basic that we are having since then. 1. bitcoin can only accomodate 4 transactions every second. 2. bitcoin transfer fee is huge you dont want to pay 1 dollar using bitcoin. |
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