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Author Topic: Bitcoin as payment system  (Read 5963 times)
coinluisa
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April 07, 2018, 08:30:27 AM
 #1041

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?  Undecided

And how do you see it's future?


At this time some of country use bitcoin as payment to some store so I think it will more in the future that they accept bitcoin as a payment. Because it's a big help to us if use bitcoin as a payment our daily life will be easy it comes to purchase anything.

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GraciousBanshee47
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April 07, 2018, 08:32:15 AM
 #1042

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.


useless predictions posts like this is what tricks new comers into thinking that Bitcoin has nowhere else to go but up. When in reality, Bitcoin faces issues internally(scaling) and externally (regulation,bans,etc). Nothing is certain until these issues are cleared up.
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April 07, 2018, 08:38:18 AM
 #1043

I see and use Bitcoin as a valuable storage place and it has become a dream for investors because its volatility is primarily predicted to rise, gaining so much over any kind. It only acts as a source of investment, but as a payment system, Bitcoin is still very shortcoming and there are core issues that are blocking its development in the way. this direction. Bitcoin's scalability is being hampered because it's too slow and expensive compared to other common payment processing platforms.
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April 07, 2018, 08:44:28 AM
 #1044

I think bitcoin is a new breakthrough for investing our money and is also used for legitimate payment systems, but some countries are worried about bitcoin with a security system that can not be held for guarantees if a bit of bitcoin erupts itself and causes considerable inflation.
I hope the experts out there can solve the way out for the bitcoin is accepted worldwide.
art.tan
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April 07, 2018, 08:59:28 AM
 #1045

In my opinion, it's good idea to  use bitcoin as a payment sistem. It's usefull to buy goods using bitcoin without exchenge to real money, especially if you travel.

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April 07, 2018, 09:11:34 AM
 #1046

Bitcoin can only work properly as a payment system if the transaction fees are lower. Otherwise bitcoin becomes unusable for payment as was seen in the recent rally. But if lightning becomes a success than I think bitcoin can work well as a payment system.



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bitcoinFPT
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April 07, 2018, 09:16:09 AM
 #1047

Although there is a lot of controversy about accepting bitcoin as a currency, bitcoin is a product of development, many people do not trust it because it is in development.The fluctuations in bitcoin prices are huge, which makes many investors panic
Many governments think that bitcoin as a tool for money laundering so they have banned people from entering the bitcoin market.
However, some countries have recognized the positive side of bitcoin, typically Japan, which has accepted bitcoin as a legal currency.
I believe that, gradually many countries will accept bitcoin and it will become the payment system
mackenzie5
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April 07, 2018, 09:34:48 AM
 #1048

Bitcoin is the first crypto currency started to the year 2009.  It become more popular among other coins and its demand has increased day by day.  Bitcoin is a good transaction media world wide and it can be useful for the international transactions. Its market price is volatile and the market experts can make money from the timely investment and the daily trading. Some companies are accepting bitcoin for their payment systems.Bitcoin is very strong and powerful in the market and its price can move up to any heights.
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April 07, 2018, 10:00:16 AM
 #1049

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?  Undecided

And how do you see it's future?



Satoshi wanted bitcoins to be used a payment medium only. But as the prices of bitcoins started to increase rapidly, the basic reason behind its existence changed completely.

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BCTBF
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April 07, 2018, 02:20:52 PM
 #1050

This is will be a huge milestone for each company accepting bitcoin as payments is much more easier than cash we just have to scan and wait for a moment to get the transaction done in a minute. It would be better since there are so many bitcoin holders right now
But making bitcoin as a payment system at this time I think it is impossible to apply, because we know crypto is still getting a strong resistance from various circles of society. If bitcoin is acceptable in many circles around the world, then I think it will be okay to transact using bitcoin, hopefully in the future cryptocurrency will get better in every way.
miang
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April 07, 2018, 02:25:31 PM
 #1051

the benefits of using Bitcoin as a payment system. This article will discuss the advantages for buyers and merchants to use Bitcoin as a payment system, and will also discuss escrow services, Bitcoin's future in trading, potential losses, and a summary of its benefits.
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April 07, 2018, 02:28:36 PM
 #1052

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?  Undecided

And how do you see it's future?


Yeah you are right, bitcoin is one of the best way to inest your money. And I think if bitcoin will be use as the new payment system worldwide then it will be useful because bitcoin is easy and fast and you dont need an extra effort on paying bills and buying some products.

Kokoy
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April 07, 2018, 02:29:48 PM
 #1053

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?  Undecided

And how do you see it's future?



Well its happening right now, you have to pay in Bitcoin in some entities which is also great , cause the application of Bitcoin as medium of payment expands whixh will help us to have a better amount of Bitcoin, but still number of countries who accept Bitcoin already is not enough for now to connext the expansion globally.

renc77
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April 07, 2018, 02:31:00 PM
 #1054

I love see people using bitcoin as payment.

I believe that bitcoin is an invention to enhance
the quality of life of an individual. Using this, the
financial budgets will become safe and more
protected. Thus, it is also safe from taxes by the
local government.

However, I think this will happen in the future. Undecided
gwestcot
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April 07, 2018, 04:12:51 PM
 #1055

Bitcoin is the first crypto currency started to the year 2009.  It become more popular among other coins and its demand has increased day by day.  Bitcoin is a good transaction media world wide and it can be useful for the international transactions. Its market price is volatile and the market experts can make money from the timely investment and the daily trading. Some companies are accepting bitcoin for their payment systems.Bitcoin is very strong and powerful in the market and its price can move up to any heights.

Don't want to burst your bubble but there were other cryptos before Bitcoin. Bitcoin was just the first moderately successful one ever created.
WakinXXX
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April 07, 2018, 07:05:10 PM
 #1056

Realy I hope that in my country there is a bitcoin, I ask the country (Ukraine) to accept quietly this bitcoin without any hindrances and to resolve local government.
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April 07, 2018, 07:32:44 PM
 #1057

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?  Undecided

And how do you see it's future?



Well its happening right now, you have to pay in Bitcoin in some entities which is also great , cause the application of Bitcoin as medium of payment expands whixh will help us to have a better amount of Bitcoin, but still number of countries who accept Bitcoin already is not enough for now to connext the expansion globally.
No, if the government want to use Bitcoin for global transaction, it will become a biggest problem between countries. Because there are many countries still do not accept Bitcoin is legal. No legal framework for cryptocurrency, it made some countries can not use Bitcoin for the country's economy.

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PrincessChe
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April 07, 2018, 07:50:21 PM
 #1058

In my opinion it would be quite good if bitcoin as payment service provider because it will facilitate payments between the countries, but not all know bitcoin therefore I don't think that the bitcoin can be used for payment service provider
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April 07, 2018, 07:59:00 PM
 #1059

If Bitcoin used payment system then I to say it's very good idea. But this system running is very difficult. Why not bitcoin price is not stable. So, as loge as bitcoin price is not stable bitcoin payment system run is not possible.
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April 07, 2018, 08:20:30 PM
 #1060

If Bitcoin used payment system then I to say it's very good idea. But this system running is very difficult. Why not bitcoin price is not stable. So, as loge as bitcoin price is not stable bitcoin payment system run is not possible.
Of course it's a good ideal because the main purpose Bitcoin was born for that reason, for a global transfering , p2p transaction without any barrier of formality or distance.
Everything will be very fast ,easy and safe also for the users because nobody will know your identify if you don't want them to know.
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