Bitcoin as payment system

[sitnikov]

for myself, better bitcoin as an investment method of the digital world that one day can explode. because if bitcoin is used for payment, bitcoin does not have a stable price, and bitcoin can disrupt fiat money that has been established by the government as a legitimate means of exchange.

One of the biggest mistake that people are doing currently is that they are using bitcoins as just an investment medium. This approach has a number of problems. If we do not use it for some real life problem like as a payment substitute to existing methods, it will not live longer. I mean that if tomorrow we have another alternative giving more returns, people will switch to that option as they are not using bitcoins in real life. On the other hand, if people start using it frequently as payment medium, it will become more valuable.

[LETme]

Bitcoin as payment method is good when it comes peer to peer but if we used it for daily transaction example for buying products,payment of bill i think its not worth because the fee is too high and the price of bitcoin is not stable in the end its to expensive rather than Fiat money.

[saiful1234]

As payment system Bitcoin is good. We don't need to carry out money with us. A large amount can be carry with a little amount of Bitcoin. It will be safe.

[dsaijz03]

I do not think bitcoin as payment for now like paying 1 bitcoin for 1 piece/box of pizza,it is kinda big. Also, still depends on the people majority if they accept these way. But hopefully in the near future it will happen.

[King Sastro]

It must be acknowledged that the presence of bitcoin offers a better payment system when compared to banks, we can send bitcoin to all in seconds, safely and at a lower costt and with this fact many people should be aware of using bitcoin.

[quocsi]

I agree with this, if bitcoin is really a payment method, it will make bitcoin more practical for human life. People can easily use it for payment purposes. I think that in the near future bitcoin will have improvements that help faster transactions and lower costs.

[sampalokmix]

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?

Well I dont think it will be better if we used Bitcoin as payment for those entities who enclosed certain amount cause Bitcoin is a volatile currency ,lose may occur either to you or their side, or both, cause we all know that Bitcoin'price maybe higher todah but huge dump tomorrow so the expectancy for equal amount will be lesser.

[nicko122]

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 believe that the time will come when bitcoin and other crypto-currencies will be used in everyday life as a method of payment and this will give people a variety and advantage in paying for goods and services. When a person has many options in anything, it gives a variety of actions.

[blizzard31]

I see it as the most frequent way to pay eveything such as bills and tuitions. And more business people will venture on block chain technology because it is the future of business transactions.

[strickland]

I see it as the most frequent way to pay eveything such as bills and tuitions. And more business people will venture on block chain technology because it is the future of business transactions.

The money could be exchanged during the same day that the purchase was made. Bitcoin does not make that much of a difference from fiat, Bitcoin is just faster online.

[redsun114]

Bitcoin is the world's most extensive payment system used by many organizations. But Bitcoin is considered as a form of exchange. It is regarded as a standard currency to trade with any other Altcoin.

Payment methods are different in different parts of the world with different kinds of currencies involved. The currencies which are ruling the world right now are Dollars, Pounds, Euros and Dinars because of their world wide acceptability.

For the last few years crypto currency being led by bitcoin is also getting the fame to be accepted globally and the process has already been initiated with acceptance of bitcoin to trade in different altcoins as well as few countries have also started to provide services for the bitcoin. The start is very well; it will take some time but eventually it will become the best global currency one day.

[nonsonote]

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 can already be use as a payment system now but for now they are only few that accepts it. But I think if bitcoin is more regulize and it's price is more stable then it can be really use as a payment system. One of the problem of bitcoin is it's volatily, it's price changes time to time and it can be big or small. But my point is every thing has a certain value. So how can you buy it with something that it's value changes in just a short time.

[playboy654]

As payment system Bitcoin is good. We don't need to carry out money with us. A large amount can be carry with a little amount of Bitcoin. It will be safe.

Bitcoin is not a good its an virtual currency which doesn't have any shape but it has the value of money.Yeah you are right we don't have to carry bags of money anymore just use mobile and usenit as a currency but still we are not yet ready for that.

[Omosomofa]

Bitcoin is used as a payment method in some company. Like Tripleclick marketing campany accept bitcoin as a payment method. You can used it to order for goods which can be ship to you. For now I think it will be bubbling only for now. But in the future it will be accepted generally as a currency on his own and will be used for payment both online and offline.

[poniMeXs]

All will be realized if all countries agree. As long as there are countries that disagree with this idea bitcoin will stay as it is. Aside from that, people will choose their coins instead of using it as their payment. after that, i think there are a lot of work need for bitcoin to be a good payment system and the most top on the list is stability which I think this time around is impossible. 

[biticotalk]

How do you think, will we be using bitcoin as payment system?

[kjnfmplm]

I think that it is better to have a bitcoin payment for big transactions only. It is not made to be a payment for the microtransactions like paying for your everyday things. Unless, the fees became low and the lightning network finished, I think we might see the future of the world in terms of payment.

[athiftammam2018]

Actually, if bitcoin is really used as the main currency, it will be very difficult to develop in any place, let alone people who live in the village or inland. They may not know about these bitcoins at all because they only know the banknotes and the metals they used to wear. Even if it can spread to the village or inland it will probably take a long time.

[taliepapa143]

I think it is good idea that Bitcoin can use as a payment system. As what I've read here in the comments, they use Bitcoin for payment transactions and they like it because of low charge. So maybe in the future many business companies will accept Bitcoin for payment transaction since many people use online to pay bills and shop now. And I really like it.

[lfc_san]

I think bitcoin can be a good payment system in the future. Bitcoin technology grows every year with the times. So I think bitcoin can follow market needs, especially in terms of payment system.