Is Bitcoin Dying as a Payment Option?

[adiimar]

That has happening mainly because it takes time for confirmations. I prefer to use PayPal where money is transferred instantly.

[abhishek273b]

  Why do you think that?
I think that Bitcoin is already a payment option for all, and in the future will be more and more
And with digital gold what do you mean?

[shesheboy]

Why do you think that?
I think that Bitcoin is already a payment option for all, and in the future will be more and more
And with digital gold what do you mean?

op wants to know if bitcoin can still be the best suitable payment option and he thinks that bitcoin is now dying because of its high transaction fee and slower network procesing when compared to other coins like etherium and litecoin. my thoughts about is bitcoin isnt dying yet because i still see that many online merchants and companies are still using bitcoin as their partner in terms of payment gateway.

[coinstalker23]

Why do you think that?
I think that Bitcoin is already a payment option for all, and in the future will be more and more
And with digital gold what do you mean?

op wants to know if bitcoin can still be the best suitable payment option and he thinks that bitcoin is now dying because of its high transaction fee and slower network procesing when compared to other coins like etherium and litecoin. my thoughts about is bitcoin isnt dying yet because i still see that many online merchants and companies are still using bitcoin as their partner in terms of payment gateway.

The answer is clear for me it is a big YES, because of the recent update and more block are harder to obtain than other cryptocurrency mining it is definitely a no-no for being a payment option for establishments and other payment methods. The only thing it can do is to be a trading foundation because of its value in the current market.

[irukandji]

Satoshis Nakamoto's white paper was clear, bitcoin is not a means of payment but a store of values ​​like gold.

Correct. The heading to the bitcoin whitepaper is

Bitcoin: A Peer-to-Peer Electronic Cash System

Some people have misinterpreted this to mean that it was supposed to be "peer to peer electronic cash", but it clearly indicated a store of value like gold!

How come, when the WP says "Bitcoin: A Peer-to-Peer Electronic Cash System", you think that "peer to peer electronic cash" is misinterpretation and the correct interpretation would be "a store of value like gold". There is no need to interpret anything. It says it straight: "peer to peer electronic cash system"

Incorrect. Some people thought it was "peer to peer cash" but blockstream and bitcoin core helped us understand that this was not the case. Who are you going to believe, satoshi who did not have all the facts, or blockstream who do?

[siddu1]

No Bitcoin is not dying as a payment option because it the most popular cryptocurrency all over the world and now it has became as a payment method in many countries and many online websites. Bitcoin popularity increasing day by day and I think that its popularity will finished never as well as it will not die as a payment option

[bug.lady]

Satoshis Nakamoto's white paper was clear, bitcoin is not a means of payment but a store of values ​​like gold.

Correct. The heading to the bitcoin whitepaper is

Bitcoin: A Peer-to-Peer Electronic Cash System

Some people have misinterpreted this to mean that it was supposed to be "peer to peer electronic cash", but it clearly indicated a store of value like gold!

How come, when the WP says "Bitcoin: A Peer-to-Peer Electronic Cash System", you think that "peer to peer electronic cash" is misinterpretation and the correct interpretation would be "a store of value like gold". There is no need to interpret anything. It says it straight: "peer to peer electronic cash system"

Incorrect. Some people thought it was "peer to peer cash" but blockstream and bitcoin core helped us understand that this was not the case. Who are you going to believe, satoshi who did not have all the facts, or blockstream who do?

I am confused with your reasoning, to say the least.

I thought you were referring to what Satoshi had to say on that matter in his White Paper. When you said 'misinterpret' it clearly indicated interpreting the WP. Now you are saying that I should disregard what Satoshi said entirely, because he didn't have all the facts.

Satoshi said what he said and he clearly ment peer to peer electronic cash in his WP.

What is that blockstream? Are you referring to the US corporation https://en.wikipedia.org/wiki/Blockstream ?
If yes, well, probably they think of bitcoin what brings them most profit at that moment.

[readygoaw]

No i do not think so. Simply the market is still too young to encourage stores to enter fully into the bitcoin ecosystem. Bitcoin is a cryptocurrency that is still in the process of development and that is evident in the volatility of its market, susceptible even more to the rumor mill than to fundamentals of the economy. Therefore it is understandable that for companies it is still difficult to match these rhythms of cryptocurrencies but I have no doubt that when the market consolidates and reduces its volatility, we will see a larger acceptance of bitcoin as a payment system.

I also think that Bitcoin is simply still too much young to be used as the wide-spread method of payment, as the system itself. With time, many people will take it and start using it more and more.

[zaytsevsasha654]

About six months ago, the news was strewn with companies that wanted to integrate Bitcoin as a payment system. However, in the rapidly developing ecosystem of crypto currency, everything has changed dramatically.

[khaled0111]

Bitcoin can't be used as a payment option while it still too volatil.
High fees is a disadvantage and an obstacle too, but volatility is the main reason why companies refuse to implement Bitcoin for payments.
It was profitable when the price was rising, but now, the situation is completely different.

[irinalevina456]

For me, the best way to earn money on bitcoins is to invest especially for a beginner.

[cryptohacker29@]

Yes there are lots of other coins which may be the best payment options in the future. Bitcoin is too energy consuming and take lots of fees as a exchange.