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Akupuniard
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January 21, 2018, 02:54:11 PM |
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Bitcoin in general is currency with included payment system but cause of high price people using it a asset. At my opinion it is wrong but anyway profitable and smart.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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DrakeDG
Jr. Member
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Activity: 89
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January 22, 2018, 01:56:39 AM |
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Would love to see Bitcoin being used as it was intended by Satoshi, at the present time this rather seems like a dream though. People are looking at Bitcoin more like a commodity and not as a means of payment. Hopefully this will change at some point in the future, when Bitcoin reaches a stable price.
Clearly, not at this point of time. We have been encountering a lot of problems in BTC such as High TX fees and Slow Transaction Process. Once this problems are solved, we will be able to use BTC as a medium for payment. |
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xDsoGood
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Activity: 190
Merit: 11
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January 22, 2018, 02:13:47 AM |
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Maybe it will be applicable in online shopping or other online payments, but in reality or real life I would stick to the old fashion fiat currency. Not all people were using bitcoin, some other don't believe in bitcoin. Other people think it was just a scam. So for me i'll stick to fiat currency as payment system.
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Max79
Newbie
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Activity: 81
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January 22, 2018, 02:25:33 AM |
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Is the best way to make it in public as a payment method here in my country some of shop or restaurant are accepting bitcoin as payment and soon they will accept lite coin and other coins.Imagine buying a soda or a cup of coffee waiting for about 8 mins. or so just for the small transaction and the people behind you,complaining, waiting for too long. But who knows what the future has in-store for us.
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nightfury
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January 22, 2018, 02:30:00 AM |
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It would be good to see bitcoin being used as medium for payment system but as people sees it on the bigger picture, there is profit in investing bitcoin. But speaking of payment system, there are already businesses who use bitcoin as payment for their goods or services offered to their customers.
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senin
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January 22, 2018, 03:01:22 AM |
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Bitcoin as a payment system is now going through bad times. Transactions it became very slow, the average commission fee recently amounted to about $ 40, which made it economically unprofitable for small payments. In this regard, bitcoin as a payment system is practically not working, in any case, in this form it can not be recognized as working.
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Mayapurnamasariazhari
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January 22, 2018, 03:33:37 AM |
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If you think I look in upcoming bitcoin will be active as a digital currency. for we see in terms of the global community increasingly sophisticated world of the Internet. all versatile easy when buying an item. quite simply see a sample product is just that. can we say purchase oline. so essentially digital currencies will be active for years to come agan
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Daniel355
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January 22, 2018, 03:36:42 AM |
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Bitcoin is not only just digital money but also it is a great internet payment gateway. Although bitcoin has potential as payment because of its popularity and easy, fast, safe in doing transaction we cannot sure if bitcoin can be as payment system since like what I said above bitcoin is limited to use of all many people.
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kcirnhoj15
Jr. Member
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Activity: 84
Merit: 2
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January 22, 2018, 03:54:50 AM |
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I see bitcoin will be the innovative payment system in the future because as of now some of the businesses are now accepting bitcoins.
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CryptoTech_
Full Member
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Activity: 994
Merit: 106
Official Street Team member
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January 22, 2018, 03:59:38 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 think bitcoin is only good for investment, not for payment system because it is very unlikely you pay something cheap but you have to pay bitcoin fee which is more expensive than the price of goods or food you buy. LOL Ex : you buy coffee for $1 and you have to pay $10 for payment transactions, it's crazy  |
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boddy.dy
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Activity: 252
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January 22, 2018, 04:06:41 AM |
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This will be a great idea actually some of the stores and remittance centers already accept this. Also I read some articles that some of the banks are somehow also accepting bitcoin but in investing way only, then they will follow the payment system next. There are also some articles that says that the some hotels will also accept bitcoin as a payment of there services. Well if I have a big business I will also accept bitcoin as a payment, because it will be a win win situation. If you will accept this you are hitting two bird in one time, you are doing business in the same time you are investing.
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ivanst776
Legendary
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January 22, 2018, 04:10:58 AM |
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Not sure, but i think that BTC will not blow up near future. Guess, 2018 will bring us a huge growth of Bitcoin  like what number? =) 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. |
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Blondy12
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January 22, 2018, 04:22:15 AM |
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Bitcoins as a method of payment is great. In my county bitcoin can be use as payment already but only online and very limited establishment accepts bitcoin as payment. Hopefully, it will be more accessible in lots of establishment. But still majority of the people will still chose to use fiat than bitcoin maybe because they used to it or maybe because they just want to save or hold their bitcoins for long term investment.
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Lyne01
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January 22, 2018, 04:30:18 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? Bitcoin will remain as mode of investment in the digital world and will stay as a cryptocurrency. Adapting it as a mode of payment in physical establishments like hotel, restaurant and others would be possible but difficult to implement. Its volatility makes bitcoin a hard way of payment. But we never know what the future may hold, lets just hope for the best for bitcoin. |
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rodgelampis
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Activity: 53
Merit: 10
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January 22, 2018, 04:33:19 AM |
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2018 is another year for bitcoin as many people are still coming to get bitcoin as their investment and savings for the future.Hopefully, it will be more accessible in lots of establishment. But still majority of the people will still chose to use fiat than bitcoin.
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sasinghal
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Merit: 2
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January 22, 2018, 04:36:43 AM |
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Till now bitcoin is not accepted as a payment for anything. But most probably in future there we will be using bitcoin as fiat currency is used. But it will not be like that fiat currency will disappear, fiat currency and bitcoin payment system both will be there in future.
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asdfbna
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January 22, 2018, 04:40:54 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? Bitcoin has already supported the payment in Japan and some countries. BTC began to gradually adapt to some payment scenarios, but it also faced great drawbacks. Firstly, bitcoin is anonymous and not conducive to management. Secondly, bitcoin is difficult to track, and The existence of price fluctuations, it is difficult to unite the recognition of its value |
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shetat
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January 22, 2018, 04:43:53 AM |
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In my point of view, bitcoin as a payment method is great, it makes the life of bitcoiners a hassle free since they are accepting bitcoin as payment no need to convert your bitcoin to the country's Fiat and therefore lesser transaction fee and the best is there's a possibility that you don't need to pay tax.....
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Synaesthesia
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January 22, 2018, 04:48:28 AM |
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I think that Bitcoin price will raise up to an high level where it will be stable and it will become a payment tool. Besides, the developer also need to improve its weaknesses about fee, speed,...
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futuristic18
Newbie
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Activity: 59
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January 22, 2018, 04:54:06 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? Bitcoin have a good technology and can be used as a payment system world wide. But, currently, its not being used for payments as transactions times are higher than other alts such as Ripple. Bitcoin is not accepted as a legal currency in all countries hence, using it as a full money for exchanges is also not possible world over. |
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