What company would you want to have accept Bitcoin?

[coolcoinz]

Any of them and I would like all the companies that have stopped accepting bitcoin to start up again. The top eCommerce companies are dropping bitcoin.

Bitcoin acceptance decreasing

The problem with fees is making it unusable for small payments, but it's only a matter of time before everything starts moving again. Even if that means we'll have to switch to 2x or the lightning network. Everything will have to be resolved this year. We had the block size debate last year and nothing has changed. I don't think Bitcoin will survive another year in this state.

[QuestionAuthority]

Any of them and I would like all the companies that have stopped accepting bitcoin to start up again. The top eCommerce companies are dropping bitcoin.

Bitcoin acceptance decreasing

The problem with fees is making it unusable for small payments, but it's only a matter of time before everything starts moving again. Even if that means we'll have to switch to 2x or the lightning network. Everything will have to be resolved this year. We had the block size debate last year and nothing has changed. I don't think Bitcoin will survive another year in this state.

I don’t think bitcoin (in its current form) will ever disappear completely now because of several factors.

The Wall Street ETFs and investment futures conmen don’t care how fast the network is (in fact they are afraid to change it) because they don’t trade bitcoin, they trade futures. You buy or sell a futures contract based on whether you think bitcoin prices are headed up or down. Eventually, I expect the CME to create options on futures contracts: traders will be able to buy and sell “puts and calls,” the right to buy (a “call” option) or sell (a “put” option) a bitcoin futures contract at a particular price by a particular date. They don’t do anything to help bitcoin just as they don’t do anything to help orange pickers pick oranges just because they trade in Frozen Concentrated Orange Juice.

The first bitcoin miners are holding roughly 40% of all bitcoins in existence. They want the bottleneck because that’s creating major price swings that generate the profit levels that allow them to sell out thousands of bitcoins with each swing upward. It drops they wait for new blood to enter the market then sell down slightly maximizing their profit. If the bottleneck was removed, evenly metered buying and selling would happen as bitcoins currency economy grew and bitcoins exchange rate would stabilize. That’s because the velocity of money increases price stability. Everyone on this forum subscribes to the quantity theory of money and completely abandons understanding the velocity. If you sold thousands of coins at that point the exchange rate would stabilize at the new lower exchange rate. The first bitcoins you sell would sell for much more than the last ones you sell. If you were one of the group of major holders sitting on millions of bitcoins, in this scenario the first coin you sell would make you $20,000 the last coin you sell would make you a dollar.

These two groups need to support the status quo. I’ve seen so many people on this forum look at the blocksize issue and fee issue with confusion and disgust because they fail to realize that bitcoin is the most manipulated commodity the world has ever seen. It’s that way for a reason, the people holding all the chips want it that way.

[Swopon]

Amazon will be better for me.I used amazon most often and if amazon start to accept btc as payment it will be great for me.So i want amazon to accept bitcoin

[darkangel11]

I don’t think bitcoin (in its current form) will ever disappear completely now because of several factors.

The Wall Street ETFs and investment futures conmen don’t care how fast the network is (in fact they are afraid to change it) because they don’t trade bitcoin, they trade futures. You buy or sell a futures contract based on whether you think bitcoin prices are headed up or down. Eventually, I expect the CME to create options on futures contracts: traders will be able to buy and sell “puts and calls,” the right to buy (a “call” option) or sell (a “put” option) a bitcoin futures contract at a particular price by a particular date. They don’t do anything to help bitcoin just as they don’t do anything to help orange pickers pick oranges just because they trade in Frozen Concentrated Orange Juice.

The first bitcoin miners are holding roughly 40% of all bitcoins in existence. They want the bottleneck because that’s creating major price swings that generate the profit levels that allow them to sell out thousands of bitcoins with each swing upward. It drops they wait for new blood to enter the market then sell down slightly maximizing their profit. If the bottleneck was removed, evenly metered buying and selling would happen as bitcoins currency economy grew and bitcoins exchange rate would stabilize. That’s because the velocity of money increases price stability. Everyone on this forum subscribes to the quantity theory of money and completely abandons understanding the velocity. If you sold thousands of coins at that point the exchange rate would stabilize at the new lower exchange rate. The first bitcoins you sell would sell for much more than the last ones you sell. If you were one of the group of major holders sitting on millions of bitcoins, in this scenario the first coin you sell would make you $20,000 the last coin you sell would make you a dollar.

These two groups need to support the status quo. I’ve seen so many people on this forum look at the blocksize issue and fee issue with confusion and disgust because they fail to realize that bitcoin is the most manipulated commodity the world has ever seen. It’s that way for a reason, the people holding all the chips want it that way.

In short, the fees are being kept high and the block size problem isn't being resolved to make the price stay on the same level so that long time holders can finally get rid of their coins. Your theory suggests that people who have a lot of coins don't want them and prefer fiat instead. Why would they?
On one hand the coin is still multiplying their profits, and I'm not talking about unrealized potential profits but real ones that they can turn into physical things in a matter of days. One example can be the number of people offering real estate, cars, gold bars and other valuables for BTC. It could be difficult to cash out 10 million USD, but I've seen a number of properties worth over 1 million up for sale.
On the other hand, they are risking a major exodus if the fees keep rising. You know that if you throw all your coins on the market at once some of them sell for $11k and some for $1k but if you wait it out you may one day wake up to $5k per coin and this will make you get even less fiat.
I believe that the majority of holders don't concentrate on the ways of dumping their coins but turning them into real items. And let's not forget about people who already have millions in fiat. They don't want more fiat, they want an alternative that will work like an umbrella during a major shitstorm.

[QuestionAuthority]

I don’t think bitcoin (in its current form) will ever disappear completely now because of several factors.

The Wall Street ETFs and investment futures conmen don’t care how fast the network is (in fact they are afraid to change it) because they don’t trade bitcoin, they trade futures. You buy or sell a futures contract based on whether you think bitcoin prices are headed up or down. Eventually, I expect the CME to create options on futures contracts: traders will be able to buy and sell “puts and calls,” the right to buy (a “call” option) or sell (a “put” option) a bitcoin futures contract at a particular price by a particular date. They don’t do anything to help bitcoin just as they don’t do anything to help orange pickers pick oranges just because they trade in Frozen Concentrated Orange Juice.

The first bitcoin miners are holding roughly 40% of all bitcoins in existence. They want the bottleneck because that’s creating major price swings that generate the profit levels that allow them to sell out thousands of bitcoins with each swing upward. It drops they wait for new blood to enter the market then sell down slightly maximizing their profit. If the bottleneck was removed, evenly metered buying and selling would happen as bitcoins currency economy grew and bitcoins exchange rate would stabilize. That’s because the velocity of money increases price stability. Everyone on this forum subscribes to the quantity theory of money and completely abandons understanding the velocity. If you sold thousands of coins at that point the exchange rate would stabilize at the new lower exchange rate. The first bitcoins you sell would sell for much more than the last ones you sell. If you were one of the group of major holders sitting on millions of bitcoins, in this scenario the first coin you sell would make you $20,000 the last coin you sell would make you a dollar.

These two groups need to support the status quo. I’ve seen so many people on this forum look at the blocksize issue and fee issue with confusion and disgust because they fail to realize that bitcoin is the most manipulated commodity the world has ever seen. It’s that way for a reason, the people holding all the chips want it that way.

In short, the fees are being kept high and the block size problem isn't being resolved to make the price stay on the same level so that long time holders can finally get rid of their coins. Your theory suggests that people who have a lot of coins don't want them and prefer fiat instead. Why would they?
On one hand the coin is still multiplying their profits, and I'm not talking about unrealized potential profits but real ones that they can turn into physical things in a matter of days. One example can be the number of people offering real estate, cars, gold bars and other valuables for BTC. It could be difficult to cash out 10 million USD, but I've seen a number of properties worth over 1 million up for sale.
On the other hand, they are risking a major exodus if the fees keep rising. You know that if you throw all your coins on the market at once some of them sell for $11k and some for $1k but if you wait it out you may one day wake up to $5k per coin and this will make you get even less fiat.
I believe that the majority of holders don't concentrate on the ways of dumping their coins but turning them into real items. And let's not forget about people who already have millions in fiat. They don't want more fiat, they want an alternative that will work like an umbrella during a major shitstorm.

Don’t forget there are more than a million bitcoins in the hands of thieves that don’t care about bitcoin. There are also not nearly enough planes, trains and automobiles available for sale to use for all the horded bitcoins out there. Bitcoin real estate typically sells for over market value if you use bitcoins to pay (real estate agents aren’t stupid, they know they will never be able to sell $5 million in btc for the same price per coin).

Any business savvy investor knows better than to use something like bitcoin as a long term store of value any more than they would use dollars as a long term store of value.

[SaShiRaJaVu]

If you could choose one that would implement Bitcoin payments, what would it be? I'd say Amazon.

I really do not mind amazon adding bitcoin at this stage as the transaction fees i have to pay for small items would be huge,i would like to see bitcoin being added to some major gambling sites which is fiat based and that would be a good addition as we will be having more option to gamble ,that is my only take in this regard,as i am not planning to make micro deals with bitcoin unless the fee issue is resolved.

[onemoretime8520]

I would go with Amazon as well, so many other would follow it.

[gentlemand]

The property industry in general. People who want to buy a home or land with Bitcoin face the biggest head aches in terms of cashing in those amounts and you'll probably never want to cash in anywhere near that amount again. If BTC was commonly accepted for property sales that would put many a mind at rest I'm sure.

You'd still have to cash out a bit for capital gains if you're subject to them, but that's a much smaller ask.

[Dhaaaw]

I would love if more airlines companies would accept bitcoin, it would make traveling around the world much easier. Everyone here talking about, amazon or aliexpress but buying a shoe or a hat with bitcoin is simply stupid and it would actually be harder and more expensive than to pay with a credit card.

[desi92]

If you could choose one that would implement Bitcoin payments, what would it be? I'd say Amazon.

I think many people will hope amazon is the company will accept bitcoin.
I dont know other company beside of amazon that i could mention as company which i hope to accept bitcoin.

[EtherATM]

If you could choose one that would implement Bitcoin payments, what would it be? I'd say Amazon.

Yep,it’s better for all business to accept bitcoin. That will bring benefits equally. It’s getting more convenient for all bitcoin’s  user if all the company accepted bitcoin. However, I believe that it’s really difficult for all business to accept btc, but there will have some do accept it. Particularly, some big company like Amazon can accept it like a fiat currency which make many people don’t need to spend their time converting into fiat.

[BlackRacerX]

If you could choose one that would implement Bitcoin payments, what would it be? I'd say Amazon.

Microsoft, steam, and newegg. If these 3 juggernauts of a company started accepting bitcoins as payment for all of their products, they are probably a richer company by now. But of course, allowing bitcoins on these companies have cons like transaction fees, time, and the ever fluctuating price of btc.

[lunaalthea]

Either Amazon or Ebay. If main e-commerce retailers does accept bitcoins then it would not just increase the perception of bitcoin but also may increase the demand and provide convenience to bitcoin users

[deisik]

The property industry in general. People who want to buy a home or land with Bitcoin face the biggest head aches in terms of cashing in those amounts and you'll probably never want to cash in anywhere near that amount again. If BTC was commonly accepted for property sales that would put many a mind at rest I'm sure.

You'd still have to cash out a bit for capital gains if you're subject to them, but that's a much smaller ask.

No doubt, that would be good for large bitholders

But if we cut the crap here and ask ourselves a simple question, i.e. how high is the demand for homes paid with bitcoins, we will likely see that the market doesn't want Bitcoin. To put it differently, how many people actually have half a million dollars (or more) as bitcoins? I don't think that many. And how many of them want a new home? I suspect even less than that. In fact, from what I read here, the demand is really low. On the other hand, if you are going to buy a home or some other property on the secondary market, you will probably find a seller willing to accept bitcoins or some other crypto as payment

[Daniel91]

In my country, some small shops accept bitcoin, as bakery shops for example.
It would be great if we could pay dinner in a restaurant, or a cafe in a coffee shop, with bitcoin.
I hope that soon we will be able to buy computers or technical things with bitcoin to
After that, air tickets, cars, vacation etc.

[QuestionAuthority]

The property industry in general. People who want to buy a home or land with Bitcoin face the biggest head aches in terms of cashing in those amounts and you'll probably never want to cash in anywhere near that amount again. If BTC was commonly accepted for property sales that would put many a mind at rest I'm sure.

You'd still have to cash out a bit for capital gains if you're subject to them, but that's a much smaller ask.

No doubt, that would be good for large holders

But if we cut the crap here and ask ourselves a simple question, i.e. how high is the demand for homes paid with bitcoins, we will likely see that the market doesn't want Bitcoin. To pt it differently, how many people actually keep half a million dollars (or more) as bitcoins? I don't think that many. And how many of them want a new home? I suspect even less than that. In fact, from what I read here, the demand is really low. On the other hand, if you are going to buy a home or some other property on the secondary market, you can likely find a seller willing to accept bitcoins or some other crypto as payment

deisik, I’ve told you this before. Stop trying to use logic and reason on this forum. It just confuses the natives.

[JL421]

If you could choose one that would implement Bitcoin payments, what would it be? I'd say Amazon.

Most of my purchases are from either Amazon or eBay. So I would love for these vendors to accept bitcoin as it would make payments easier, as there would be no need to convert it to other types of currency digitally. Real estate would be an added benefit too

[susila_bai]

If you could choose one that would implement Bitcoin payments, what would it be? I'd say Amazon.

Amazon is a good selection as they are accepting almost all country products, apart from this online company i will also add flipkart which is also a good choice from my country point of view.

[QuestionAuthority]

If you could choose one that would implement Bitcoin payments, what would it be? I'd say Amazon.

Amazon is a good selection as they are accepting almost all country products, apart from this online company i will also add flipkart which is also a good choice from my country point of view.

I wouldn’t expect any retailer with a competing product to start accepting bitcoin anytime soon.

[Maheshkumar_Hrangkhawl]

First of all, I want my bank to issue me a debit card which can be loaded with Bitcoins. That will remove the requirement of having to convert Bitcoins to fiat cash every time I want to do some shopping.