Do you think that Bitcoin could become a popular payment method?

[joaco]

Today I was reading on The Wall Street Journal an interview to John Rainey, CFO of Paypal. He said that Bitcoin will probably become a popular payment method in the future, but right now it's too volatile to use it as a currency.

My opinion is the same about volatility. Right now we can't use it as a currency because of its price changes, but I don't know if Bitcoin will ever have the stability needed.

There are lots of agents manipulating its price all the time, so I don't know if it will be ever possible to use it one day as a payment method. It's like trying to use gold to pay for something. As long as we compare BTC with USD it will never be a currency.

What do you think?

[mk4]

Let's be realistic here. It's definitely possible for bitcoin to be a widely used payment method; it's just not guaranteed. Don't get me wrong, I'm extremely bullish on bitcoin for a lot of reasons, but who knows? It might just be a different cryptocurrency that could have a better tech.

In terms of volatility though, it's to be expected as bitcoin is decentralized. It will definitely take time to stabilize in price, probably after all the regulation fiasco. For now, we can just hope.

[BrewMaster]

Right now we can't use it as a currency because of its price changes,

"Can't" is not the right word to use here. it is more like "won't". because we can use it as a currency and many of us are using it, but also many choose not to because of volatility and the greed that creates.

It's like trying to use gold to pay for something.

no it is nothing like gold. because you can never use gold dust to buy something even if it is valuable since the other party can not easily verify the authenticity of  the gold dust. it may be rust for all he knows. but with bitcoin he can easily verify it and never get scammed and you can use a small amount of bitcoin

[joaco]

Let's be realistic here. It's definitely possible for bitcoin to be a widely used payment method; it's just not guaranteed. Don't get me wrong, I'm extremely bullish on bitcoin for a lot of reasons, but who knows? It might just be a different cryptocurrency that could have a better tech.

In terms of volatility though, it's to be expected as bitcoin is decentralized. It will definitely take time to stabilize in price, probably after all the regulation fiasco. For now, we can just hope.

How would you solve volatility problems in new currencies? Backing it with something?

[alyssa85]

How would you solve volatility problems in new currencies? Backing it with something?

Volatility decreases the more people who use it. You can see it clearly in the fiat world - the small no-name currencies can move wildly (which is why most of their govts opt to peg them to the dollar). The huge liquid currencies move by perhaps 1% a day, it's a big event when it moves by double digits

After Brexit the pound moved by 10% and the entire planet was having hysterics about it, because it was such a rare event.

[joaco]

no it is nothing like gold. because you can never use gold dust to buy something even if it is valuable since the other party can not easily verify the authenticity of  the gold dust. it may be rust for all he knows. but with bitcoin he can easily verify it and never get scammed and you can use a small amount of bitcoin

I was referring to its value. Of course Bitcoin is better than gold thanks to blockchain technology.

I can see that you like giving answers looking for irrelevant details... What do you think about my question?

[carter34]

How would you solve volatility problems in new currencies? Backing it with something?

The volatility can be looked from the angle of regulation or control. This is one thing that will help to stable the coin. And when it goes up , it would still be within reach.

[joaco]

How would you solve volatility problems in new currencies? Backing it with something?

Volatility decreases the more people who use it. You can see it clearly in the fiat world - the small no-name currencies can move wildly (which is why most of their govts opt to peg them to the dollar). The huge liquid currencies move by perhaps 1% a day, it's a big event when it moves by double digits

After Brexit the pound moved by 10% and the entire planet was having hysterics about it, because it was such a rare event.

In that case we'd need Bitcoin to become as used as USD in order to become stable? As it's decentralized it can't be stabilized by any institution like governments...

[Afnan_faizah]

No, its too volatile. Sellers need stable currency so their profit will not loss. May be USDT /tether can be popular. Bitcoin today is popular as an investment. People are prefer like to use it in exchange site to gain profit. Volatile currency is not so appropriate for sellers.

[Reid]

Yes, ICO's are using it now to buy coins from them. That can be called a payment method already.
But there is also one problem with a big percentage of those who knew bitcoin.
It became an investment, an asset and that doesnt say what its real purpose is.
Just like many merchants says, it is hard to have a business when one payment method changes its value into fiat.
But take that out to the picture. Let us say one merchant made a lot of capital into using bitcoin as a payment method. No withdrawal needed and it will just bitcoin that will circulate. Even if bitcoin is valued into millions of dollars still one candy will be priced at 10 satoshis. Something like that.
But I bet no one thinks like that anymore. They will just keep on converting it into fiat.
Diminishing the fiat method will be the answer.

[kaya11]

I don't know what is the definition of popular to you. But when you say use it as a "payment method", sure why not by the way I am already using it as a payment method. My electricity bills, my cellular loads, sometimes hotels and even plane tickets. Who people on earth don't want to use it? Despite the fact that we can pay stuffs via online and other shops that accepts bitcoin and almost for free of charge, at the same time we are also having an investment out here and in a long terminal way.

[mk4]

Let's be realistic here. It's definitely possible for bitcoin to be a widely used payment method; it's just not guaranteed. Don't get me wrong, I'm extremely bullish on bitcoin for a lot of reasons, but who knows? It might just be a different cryptocurrency that could have a better tech.

In terms of volatility though, it's to be expected as bitcoin is decentralized. It will definitely take time to stabilize in price, probably after all the regulation fiasco. For now, we can just hope.

How would you solve volatility problems in new currencies? Backing it with something?

Erm. I don't exactly know for sure what it would take to make it stable in price, but prooobably after the government(s) decide if they will ban cryptocurrencies or not, and when bitcoin has a decent number of stores/shops that accepts it as a payment method. I'm really not sure, but what I know is that it will definitely take time.

[pharaon]

Today I was reading on The Wall Street Journal an interview to John Rainey, CFO of Paypal. He said that Bitcoin will probably become a popular payment method in the future, but right now it's too volatile to use it as a currency.

My opinion is the same about volatility. Right now we can't use it as a currency because of its price changes, but I don't know if Bitcoin will ever have the stability needed.

There are lots of agents manipulating its price all the time, so I don't know if it will be ever possible to use it one day as a payment method. It's like trying to use gold to pay for something. As long as we compare BTC with USD it will never be a currency.

What do you think?

It is difficult to predict whether bitcoin will have a stable value and whether it will become a payment method. The fact that bitcoin and blockchain technology have a great future - there is no doubt, but at the moment it is difficult to imagine that most people will want to take bitcoin as a means of payment.

[Heyyyrenz]

Quick fact: Bitcoin is a popular payment method.

You can observe or see it here just in this forum, bitcoin is the only currency that's accepted by everyone like buying domains, buying gadgets online, buying accounts (Social media), etc. you can buy anything with bitcoin the problem is who sells the item that you need.

I don't agree with your statement that bitcoin can't be used as a mode of payment because of its volatility because there's a wallet (For our country only) that provides service where in you can buy load, pay bills (Any kind of bills including internet, cable and water), buy games credit and pay tuition fees (School) with Bitcoin. Also they have a service where in you can directly cash out your bitcoin to fiat through banks and remittance.

So I think bitcoin can be used as a mode of payment because first the transaction will be done in just a second, you can do transactions with just your gadget and you can do it whenever you are (just make sure you have internet connection)

[merrillolive]

Yes. This was much anticipated. According to the development trend of bitcoin. Young people today know bitcoin more and more. Some markets have accepted bitcoin in payment as Japan. This is a sign that in the future will develop more applications to meet the needs of consumers in bitcoin. I hope this happens as soon as possible.

[Johnny Lgz]

Yes, especially for bigger purchased online, like bulk of cooking equipment, since sending cash or check on the bank is a hassle, why not make transaction with cryptos?

[orangetax]

In the far future it may, considering the bubble doesn't pop. CFO of paypal did say recently that its might become a payment method.
In the coming years, at-least in next 5 years, i don't see this happening! Its not even legal in most of the countries yet and community owning BTC or alt coins is very less compared to the huge 7 billion population. So it will definitely take some time.

[BrewMaster]

no it is nothing like gold. because you can never use gold dust to buy something even if it is valuable since the other party can not easily verify the authenticity of  the gold dust. it may be rust for all he knows. but with bitcoin he can easily verify it and never get scammed and you can use a small amount of bitcoin

I was referring to its value. Of course Bitcoin is better than gold thanks to blockchain technology.

I can see that you like giving answers looking for irrelevant details... What do you think about my question?

if it is irrelevant why did you say it
and i already voted, i forgot to also mention it in my comment. .... i think it will be a popular payment method in a couple of years. specially with Lightning Network active and possibility of fast and cheap micro payments. and as bitcoin grows more, its price becomes more stable and that helps with the first part of my last comment, it removes part of the greed so people are more willing to spend it.

[LFC_Bitcoin]

Do you think that Bitcoin could become a popular payment method?

That’s the hope young padawan, it’s going to take a while until we gain mass mainstream adoption. It’s the one hope we all have though.

[derdgzmn30]

Yes, it will become popular as a payment method because it is well known in the different countries like here in the Philippines. It is easy to use in online transactions, that's why it would become more popular

[Traslavin]

Yes, it will become popular as a payment method because it is well known in the different countries like here in the Philippines. It is easy to use in online transactions, that's why it would become more popular

Since we're now in a era where technology are surrounds us and it was spreading and people also easily get it and accept it so I guess it's not impossible that bitcoin could become a popular method of payment in the near future most especially in terms of online businesses which is the new trend of business too today.

[sergeykravcov177]

Bitcoin and become a celebrity as Britney Spears, with such a jump and turn of the aulditoria.

[supermine]

Bitcoin is already popular all around the world but people are using it as an asset rather than currency because of its speculative nature.But I think it will be used as a payment system in some years.Now the merchants are afraid to take bitcoin as a payment because of its price volatility if the price will get stabilized at one time them people will start use it as a currency.We also need to support altcoins too if we want bitcoin to be used as a currency because if people buy only the bitcoin then it will get too expensive and it will always be considered as asset.

[Sasuke102001]

Maybe it can and or maybe it is, bitcoin was an acceptable method of payment on steam, g2a and many more websites too but currently for some reasons steam has stopped accepting bitcoin as a method of payment. Many porn websites are also coming forward towards accepting cryptocurrencies as a payment method.

[ghost424]

Bitcoin is the most popular Cryptocurrency and if other alternate coins gets to have the chance to be used as payment for transactions, then so will Bitcoin because it is a basis for other Cryptocurrencies in the industry. If the markets starts to be knowledgeable about the programs that Blockchain technology will have then that would be utilized in a way that many can benefit from.

[rybakov]

Today I was reading on The Wall Street Journal an interview to John Rainey, CFO of Paypal. He said that Bitcoin will probably become a popular payment method in the future, but right now it's too volatile to use it as a currency.
What do you think?

I do not think it will ever replace option like PayPal. In case of Paypal we have instant transfer and buyers are protected as well. If they make it instant transfer for bitcoins, then we can see some change.

[yrrehc16]

How would you solve volatility problems in new currencies? Backing it with something?

The volatility can be looked from the angle of regulation or control. This is one thing that will help to stable the coin. And when it goes up , it would still be within reach.

IF the volatility stops and the coin will be stable, then it is not bitcoin anymore.
This is one of the reasons why bitcoin created by Satoshi Nakamoto, this person wants to give the power to the people all over the world to dictate the price of the coin or currency and will never be stable and controlled by anyone especially banks and government.

[Kprawn]

What I am going to say now, is not going to go off very well, but it is a temporary solution. Most merchants can use Payment

processors to counter volatility. You pay the Payment processor and the Payment processor convert the bitcoins immediately

to Fiat cash. This method eliminate the impact of volatility, because the merchant gets the Fiat price for the item it sold. I

know it is not a ideal solution, but it will work for now, until the volatility has decreased.   

[Carmen01]

Actually it's created like that and that's why it's so popular i think the earnings here and the knowledge are the additional only of what crypto create by someone,Moreover enjoy all what can bitcoin brings to us and always think or move forward where you can get benefits of it another thing this is like life so the value of it is so important.

[Sayed Rifat]

Today I was reading on The Wall Street Journal an interview to John Rainey, CFO of Paypal. He said that Bitcoin will probably become a popular payment method in the future, but right now it's too volatile to use it as a currency.

My opinion is the same about volatility. Right now we can't use it as a currency because of its price changes, but I don't know if Bitcoin will ever have the stability needed.

There are lots of agents manipulating its price all the time, so I don't know if it will be ever possible to use it one day as a payment method. It's like trying to use gold to pay for something. As long as we compare BTC with USD it will never be a currency.

What do you think?

yes it is a popular payment method.Because it is a very exceptional coin. if I payment a large amount in, I give a few number of bitcoin. so it is very easy for us.

[jeaniferomambac]

Today I was reading on The Wall Street Journal an interview to John Rainey, CFO of Paypal. He said that Bitcoin will probably become a popular payment method in the future, but right now it's too volatile to use it as a currency.

My opinion is the same about volatility. Right now we can't use it as a currency because of its price changes, but I don't know if Bitcoin will ever have the stability needed.

There are lots of agents manipulating its price all the time, so I don't know if it will be ever possible to use it one day as a payment method. It's like trying to use gold to pay for something. As long as we compare BTC with USD it will never be a currency.

What do you think?

yes it is a popular payment method.Because it is a very exceptional coin. if I payment a large amount in, I give a few number of bitcoin. so it is very easy for us.

I think it possible to happen that bitcoin could become a popular payment method because all of us espeacially pilipino people want improvement to our country and i think that was a right way to do and as i feel it will happen soon and if the government approve on it.

[VitKoyn]

Of course it is possible to happen because Bitcoin is created to be a payment method. But there are reasons why until now Bitcoin is not yet accepted by most company, business, retailers as payment, it is because the price of Bitcoin is not stable and it moves faster (up and down) than any other currency. Another reason is people/investors might not want to use their Bitcoins to purchase something because the value of it can grow as time goes by. If Bitcoin will be a more stable coin there will be no reason for any services to avoid it, but I doubt that it will because it is also an investment/asset.

[Sadnu]

I think bitcoin is a bit popular for recognizing payment method it in different countries and paying for it a lot of things when you buy. but there are still countries where it is not acceptable to pay for in-depth reasons, it is only accepted as to banks when you withdraw or exchange the bitcoin to peso.

[Amelial]

Yes, if more people do.btc so btc could  be  popularpayment.



 

[rockie87]

Today I was reading on The Wall Street Journal an interview to John Rainey, CFO of Paypal. He said that Bitcoin will probably become a popular payment method in the future, but right now it's too volatile to use it as a currency.

My opinion is the same about volatility. Right now we can't use it as a currency because of its price changes, but I don't know if Bitcoin will ever have the stability needed.

There are lots of agents manipulating its price all the time, so I don't know if it will be ever possible to use it one day as a payment method. It's like trying to use gold to pay for something. As long as we compare BTC with USD it will never be a currency.

What do you think?

It will take time for bitcoin to become popular payment option as many people are yet to understand the concept and government of many countries are still in against of bitcoin.No big company like paypal of any other popular company will not take risk of going against the government as it will affect their business.

[felicanoma]

I think in the future bitcoin will be used as a method of payment that is great in gemari and many in use in various worlds, I am sure after bitcoin already until the price of bitcoin peak will be stable.
So now gather as much bitcoin as possible and save it until bitcoin is used for payment methods around the world and I believe if you do that you can become a very rich millionaire.

[Aying]

I think in the future bitcoin will be used as a method of payment that is great in gemari and many in use in various worlds, I am sure after bitcoin already until the price of bitcoin peak will be stable.
So now gather as much bitcoin as possible and save it until bitcoin is used for payment methods around the world and I believe if you do that you can become a very rich millionaire.

And that thing could be possible if we will just let ourselves to do this one, yes of course it gonna happen if we will just believe that it will happen, if that happens, bitcoin will become more popular and when used as payment method then we will have higher demands.

[angelomoraaaa]

Yes! Definitely, it can be a global digital currency for all overseas transaction across the globe.

[GeorgiyBilyk]

More and more places appear on the reception of crypto currency! There used to be paper money, then came credit cards, and now it's the century of new money! Crypto money is a new era of money! It will be very good if this currency will be accepted at every corner! And I'm sure that it will be very scoffish!

[Sumo]

Today I was reading on The Wall Street Journal an interview to John Rainey, CFO of Paypal. He said that Bitcoin will probably become a popular payment method in the future, but right now it's too volatile to use it as a currency.

My opinion is the same about volatility. Right now we can't use it as a currency because of its price changes, but I don't know if Bitcoin will ever have the stability needed.

There are lots of agents manipulating its price all the time, so I don't know if it will be ever possible to use it one day as a payment method. It's like trying to use gold to pay for something. As long as we compare BTC with USD it will never be a currency.

What do you think?

Bitcoin is already a popular payment method in many places. Restaurants in major cities, online shops, you can even buy cars and apartments. Travel bringing and me for 10-15 minutes different amounts of money.

[Troysen]

Yes it could, as soon as its embraced by institutions and governments then there will be nothing that will stop it. The big concern still lies on its legislation, but this wont go on for too long.  The ones who have used it as a form of payment has nothing but praise for it. so i think it will be popular once it gets past the hurdles its going through now.

[Gleb Gamow]

Speakin' of manipulation, read what I penned in another thread along the same lines ...

For the idiots here: https://www.walletexplorer.com/wallet/e8fb61953c163500?from_address=3Cbq7aT1tY

Now scroll down that list, look at the big transactions, see who the sender is. Now click on such a big transaction and see how every and each time it's tons of sources addresses moving coins into 1 single address, exactly like an exchange would do when it moves coins into its cold wallet.

Dude, you're buckin' for a lawsuit if you're claimin' that Nathan of Investopedia is full of shit, basing his prowess and venerable research on FACTS gleaned from reliable source in penning the tour de force article now picked up by other [financial-based] rags.

https://www.investopedia.com/contributors/54684/

Nathan Reiff is a writer and musician based in the New York City area. He holds degrees from Yale University and the University of Michigan. Nathan has previously worked for Orion Consultants and Partners in Performance and has written for Internet Brands on subjects ranging from money matters to personal and home development. His interests include technology, travel, and food.

https://www.linkedin.com/company/orion-consultants/

Established in 1974, Orion is a small, dynamic company specializing in consulting for prominent Wall Street and international investment banks.  By using systematic qualitative methods, Orion presents its clients with in-depth market research and offers strategic performance analysis and recommendations.  For more than twenty years, Orion has established a niche in the domestic and European fixed income area.

In the spirit of who's pulling the strings, let's revisit the article partially quoted in the OP, specifically this [quoted verbatim from the original article] ...

https://www.investopedia.com/news/anonymous-cryptocurrency-enthusiast-bought-400-million-bitcoin/

"Not sure who that big buyer was, but many have bought this dip and have added since the rebound and additional regulatory clarity in the U.S. and Asia," said Tetras Capital founding partner Alex Sunnarborg.

Who is Alex Sunnarborg?

https://www.coindesk.com/author/alexsunnarborg/

Alex Sunnarborg

Alex is a research analyst at CoinDesk. Previously, Alex was a founder and the CFO of Lawnmower, a blockchain investment and market research firm acquired by CoinDesk in January 2017. Prior, Alex was a debt investment banking analyst at Raymond James. Alex’s research has been featured in publications including The New York Times, Bloomberg, CNBC, Fortune, Forbes, Quartz, Yahoo! Finance and VentureBeat. Alex has invested in numerous digital assets including BTC, ETH, ZEC, REP, GNT, and MLN (See: Editorial Policy). Email Alex: alex@coindesk.com. Follow Alex: @alexsunnarborg.

https://www.token2049.com/speakers?gclid=Cj0KCQiAzrTUBRCnARIsAL0mqcwR0T43shwNmB6q9k_L4EmnUDlFAM4ahm5MyLki9E2h3S_TtF6QUAYaAkfKEALw_wcB

Before continuing, look who else is scheduled to speak at the alluded to TOKEN2049 conference in Hong Kong (20-21 March 2018) ...

https://www.token2049.com/speakers?gclid=Cj0KCQiAzrTUBRCnARIsAL0mqcwR0T43shwNmB6q9k_L4EmnUDlFAM4ahm5MyLki9E2h3S_TtF6QUAYaAkfKEALw_wcB

Now, you tell me how it's fuckin humanly possible for a former Orion Consultants, Nathan Reiff, to seek out Alex Sunnarborg who is a professed blockchain research analyst but couldn't connect the simple dots like us mere mortals were able to do literally within seconds - a couple minutes if you're slow or was distracted precisely when three flies were performing a ménage à trois on your ceiling, a forth fly joined in to form a ménage à quatre.

https://twitter.com/alexsunnarborg/status/958761507596263428

Translated: I don't have a fuckin clue on how to read them blockchain thingies but I'm a sought-out guru in the crypto space in knowing when and where Investards should funnel their moneys cuz I'm a blockchain analyst expert recently instrumental in pumping the shit outta Bitcoin prior to speaking at the upcoming Asian dog-and-pony-show conference. Speaking of canines, rumor has it that the following is on the menu ...

"What is this dog shit? I want a pony!!!"

Follow this link to see ALL the [financial-based] rags that picked up on the original story, none of which even remotely fact-checked like astute posters in this thread et al. have done to date: https://www.google.com/search?q=Anonymous+trader+buys+%24400+million+in+bitcoin&rlz=1C1CHBF_enUS727US727&source=lnms&tbm=nws&sa=X&ved=0ahUKEwijvq6KuLfZAhVnh1QKHYU6BYYQ_AUICigB&biw=1164&bih=537

[Rozita]

With bitcoin we have entered into a new era of financial markets. Even if bitcoin won't be used in payment systems, for sure blockchain technology will play a critical rule in payment systems. This is a technology that cannot be ignored.

[Sergey190785]

Yes! For the bitcoin and other crypto-currencies, the future! I think that in 10 years we will remember with a smile, the time when we were afraid to buy crypto-currency, because it was considered risky ...

[crypto1010]

Probably in a few years when all problems btc is facing internal are fixed then can we say we are ready to have bitcoin as an everyday payment method, wouldn't want to hear that other big companies are dropping it because transactions fees are high or customers or business need to wait for hours to get transactions confirmed..a few years we should be ready to hit the big stage.

[ovcijisir]

Cryptocurrency transactions should be more user friendly to get wide acceptance. It is still too unsafe and complicated for ordinary computer illiterate people to use.

[Kaan53]

Bitcoin seems to be popular, but Bitcoin seems to be popular for a while, but I'm sure it will definitely be because Bitcoin has been used for long-term investment purposes, involving multiple sub-units and providing millions of people with a wealth of wealth and millions of people it starts itself but I think the dollar looks like a lot of money beside Bitcoin.

[daniweb]

It needs more time because the price is not stable at all right now so people could think it is a big risk to pay with their coins now. In time bitcoin can become a popular payment method

[Baoo]

Honestly, It is very expected that Bitcoin will become a popular payment method, but in this period the problem is that the price of this currency is unstable. Furthermore, many countries reject the existence of Bitcoin and they always try to destroy it, and some of them are afraid to continue their development, so I think that this rejection continues, but it will end after some years (1-2 years).

On the other hand, the capitalists (who have a huge amount of Bitcoin) are manipulating the price of Bitcoin, to achieve their interests, through developing their profit in a long term. So this idea will not be achieved in this period, but hopefully that there will be a good surprise in the near future.

[Nakakapagpabagabag]

Today I was reading on The Wall Street Journal an interview to John Rainey, CFO of Paypal. He said that Bitcoin will probably become a popular payment method in the future, but right now it's too volatile to use it as a currency.

My opinion is the same about volatility. Right now we can't use it as a currency because of its price changes, but I don't know if Bitcoin will ever have the stability needed.

There are lots of agents manipulating its price all the time, so I don't know if it will be ever possible to use it one day as a payment method. It's like trying to use gold to pay for something. As long as we compare BTC with USD it will never be a currency.

What do you think?

Yes the Volitile price really will be the barrier to make the bitcoins a payment method. So let's wait for that if it's a payment method to make our transactions faster. Right now we just hold on because something sure will increase the price of bitcoins

[Family2930]

Yes, I think bitcoin will be but not soon. It will take a long time where bitcoin is illegal in many countries When those countries will understand what is bitcoin and what bitcoin can do then they will accept bitcoin. And after then bitcoin will accept in everywhere includes payment systems. It's just my opinion and dream

[Teodiff]

What if governments change their current system, which is only good for you know who, but I'm not going into that now, and put the cryptocurrency into mainstream.
Volatility is not the problem. It is a problem for current system, but that could be changed. Well, for the benefit of the poor, but the rich people do not like it.

[Liternyy]

Some startups also experiment using bitcoin for micropayments. The very idea of micropayments - to finance media, prompting users to make small payments for content - is quite old and for a long time from it there was no recoil. However, now there was a hope that new start-up projects (including the new Brave web browser) can finally make this model work.

[Polonium]

I agree with you, Bitcoin is designed to be used as a currency and it is in perfect position to become a future monetary system, but right now we cannot use bitcoin as a currency due to its volatility, one of the basic requirement of a good currency is stability, the more stable a currency is, the more reliable and resistant to inflation it is. Right now bitcoin could only be used as an asset where you can grow your money through investment.

[nelson4lov]

Yes, Bitcoin would be a popular payment method for global settlement in some years time. I believe the technology is still at infant stages and it is prone to slow transaction times and high transaction costs. If this is improved, We would see bitcoin accepted widely.

[RVA]

Most people are used to keeping real money in their hands to change their minds need time, perhaps in the future bitcoin will become a popular method of payment, but for now this is an investment.

[Vektrum]

Maybe bitcoin might be a popular method of payment for goods and services, but not now, when it has low scalability, hanging transactions and high commission fees.
In order for bitcoin to be suitable for this, he needs to eliminate the above disadvantages, which now lead to the fact that he recently lost much of his popularity.

[lorylore]

Bitcoin is getting more and more popular as payment method but the fee is currently too high at the moment and it takes a long time to get verified.

so this is the two things it needs to settle. however, to get approval from everyone is not easy so it will definitely takes some time.

[zaytsevsasha654]

Only a small proportion of all transactions on the Bitcoin network are clearly illegal, and possibly criminal. Most transactions are carried out by people buying and selling coins on stock exchanges

[Dexion]

yes, we must wait for the value of bitcoin back stable, I think the bitcoin value manipulation always happens every time, so the solution is that bitcoin requires the subject to adopt bitcoin well.

I think when legal bitcoin becomes a tools of payment and is managed by a country, it will minimize the manipulation of bitcoin values.

[TeksLaban]

yes. bitcoin is now starting to be popular as a payment method. in our country, Philippines it not yet popular but i mnow that someday it will eventually happen.

[mhsingh]

It is difficult to predict whether bitcoin will have a stable value and whether it will become a payment method. The fact that bitcoin and blockchain technology have a great future - there is no doubt, but at the moment it is difficult to imagine that most people will want to take bitcoin as a means of payment.

[lamadu3]

Today I was reading on The Wall Street Journal an interview to John Rainey, CFO of Paypal. He said that Bitcoin will probably become a popular payment method in the future, but right now it's too volatile to use it as a currency.

My opinion is the same about volatility. Right now we can't use it as a currency because of its price changes, but I don't know if Bitcoin will ever have the stability needed.

There are lots of agents manipulating its price all the time, so I don't know if it will be ever possible to use it one day as a payment method. It's like trying to use gold to pay for something. As long as we compare BTC with USD it will never be a currency.

What do you think?

I will also join the group of guys, which suppose that Bitcoin can be used widely as the payment system, but it will not happen very soon. Due to BTC volatility, many people are not yet ready to risk so very much.

[fairytale]

yes. bitcoin is now starting to be popular as a payment method. in our country, Philippines it not yet popular but i mnow that someday it will eventually happen.

I heard so, aside from payment method it is also used as a tool for sending money remittances. they find it effortless they just have to connect on the internet without having to fall inline. less hustle with a cheaper charge. bitcoin will go a long way with the potential it has.

[eoolm]

Yes, I think that will be achieved in the future. This is the future direction of Bitcoin. The digital nature of Bitcoin determines that it will become a payment method in the future.

[Usafstar]

i agree that bitcoin will become the most popular method of payments in the future like now if we do some major changes in the economy for the time being if the country allow bitcoin and the online businesses should start accepting this money so this will be a good way to make money and for us bitcoin is the good way for investment. and this is not only for me but all the users are happy with this.

[Jimmy palumbo]

I think the bitcoin can be a wide range of means of payment, but not now, because now the bitcoin is still faced with many problems, so when the thunder network to solve these problems, so the bitcoin can be widely pay tool.

[shinchan123]

Yes, I think that bitcoin could become a good and preferred payment method in the future, but the only problem to this is that people are not ready to do this yet because they cannot predict what would be the consequences of doing the said plan. Perhaps in a few years this would be applicable.

[mico]

i think that with its technology and advantages, it will become official currency in few next years. but now, it still has some disadvantages about high fee, block size and transaction speed

[Fire316]

         Yes,actually it is already used as payment here in our country. We don't need to walk or ride just to pay our bills and even buy loads as long as we have bitcoin we can pay right away even we are just sitting in our house. It is very useful and easy. I believe it will become more popular someday to be use as payment method. Volatility of bitcoin is not the problem as long as the company or store or someone who accept bitcoin as payment could take the risk.

[fetokun]

Once bitcoin reaches a much bigger market cap than the current one. Its going to be a lot harder to manipulate the price as a huge amount of money will be needed to do so and that should stabilize the bitcoin price.

[recklessMe]

Today I was reading on The Wall Street Journal an interview to John Rainey, CFO of Paypal. He said that Bitcoin will probably become a popular payment method in the future, but right now it's too volatile to use it as a currency.

My opinion is the same about volatility. Right now we can't use it as a currency because of its price changes, but I don't know if Bitcoin will ever have the stability needed.

There are lots of agents manipulating its price all the time, so I don't know if it will be ever possible to use it one day as a payment method. It's like trying to use gold to pay for something. As long as we compare BTC with USD it will never be a currency.

What do you think?

I think so, but not in the near future. It should undergo a number of improvements to become faster and more scalable to be used for day-to-day transactions. There are some companies that accept bitcoins as payment already, but on a large scale it is insignificant

[RuslanSamui]

Hello everyone, most likely bitcoin will not be the most popular way of payment, but another crypto currency will be very popular! For example, an etherium!

[Ahimoth]

Hello everyone, most likely bitcoin will not be the most popular way of payment, but another crypto currency will be very popular! For example, an etherium!

Yes, I believe in that. It is actually now starting to be accepted by some stores now. And seeing that  there is a potential in the future for bitcoin, this is a great possibility.   Though maybe not for very small purchases because the value of bitcoin is very volatile.

[nerove]

Potentially bitcoin can be used in any shop, just need to decrease fee of payment and increase speed of transaction, so in future mb.

[fulmetal08larz]

I believe that bitcoin could become a popular payment method across all countries in a few years when development to its full potential takes place lessening its flaws and scalability issues. Adaption will take place in a few years because of its attractive features and there are so many ways the technology behind it can be utilized. Bitcoin is the most popular among all coins  because it is the pioneer in crypto world.

[Komobit]

In true the nowadays volatility is not a problem for payment methods. It can be use as payment method as it is now - in what concern price.

Lets say that Im the store owner and you are the buyer:

I sell you a 50 dolars keyboard

You pay me with 0.003 satoshis

I receive them and convert to dolars

I have 50 dolars


Tomorrow you buy another keyboard with me

I sell you a 50 dolars keyboard

You pay me with 0.004 satoshis

I receive them and convert to dolars

I have 50 dolars



The volatility is much more a problem to the buyer than for the seller

[nicksnn]

i think bitcoin wont`s become a popular payment method, just investment like gold. Other altcoin`s like omisego will popular payment method

[xuan87]

Yes it could be but not that soon, Bitcoin need to improve the speed transactions, and then the next obstacle is the volatility, if we can make Bitcoin more stable it will be difficult for the shop owner to accept BTC, the fluctuation of Bitcoin is pretty high and sometimes the price range is quite far, but I believe with mass adoption we can decrease the fluctuation and make more people accept btc

[ballerin and giroud]

With all the convenience and practicality of bitcoin, it is not impossible in the future bitcoin to be one of the most popular payment methods may be even bitcoin will be a payment method that is used specifically for rich people if we look at the high price in various market crypto.

[Leon2_18]

In some countries, bitcoin is not accepted , besides bitcoin is too volatile, as a means of payment, it can be very unprofitable for obih stoon.

[JJelly]

Yes, in some years because of the processing tools of different countries around the world. Law is law, we cannot expedite the due process of the government. Different countries different processes to be encountered after to be promoted as one of a paying method. In some terms it is now popular because of its fast profitable investment.

[Hobo66]

Today I was reading on The Wall Street Journal an interview to John Rainey, CFO of Paypal. He said that Bitcoin will probably become a popular payment method in the future, but right now it's too volatile to use it as a currency.

My opinion is the same about volatility. Right now we can't use it as a currency because of its price changes, but I don't know if Bitcoin will ever have the stability needed.

There are lots of agents manipulating its price all the time, so I don't know if it will be ever possible to use it one day as a payment method. It's like trying to use gold to pay for something. As long as we compare BTC with USD it will never be a currency.

What do you think?

I would personally say yes bitcoin could become a popular payment gateway,
bitcoin is safe, secure, easy to be used and understand, so huge merchant online store
are adapting to this virtual currency an accepting bitcoin as a payment method.

[VIC-btcforum]

Sadly i don t think that anymore. the fact is btc is becoming for more and more people a asset rathher the a currency

[WaffleMaster]

It's hard for me to imagine a system in which you can pay for something in Bitcoin, the item you get is broken, and so you need your money back. I've been dealing with an online item dispute for a while now and even with fiat it seems like a complete shit-show to the point where say if I had used Bitcoin to buy the item it would be nearly impossible to try and fix the situation.

[nastyabor]

at the moment it is difficult to imagine that most people will want to take bitcoin as a means of payment.

[Kauffmanesd]

Yes.I Think also same.It Will become a popular payment method but in few years.

[cryptofeel]

The bitcoin revolution is gathering momentum and breaking barriers and seeing new frontiers on a daily basis. From Japan to Malaysia to Zimbabwe, the currency and all behind it are making daily transactions faster and easier. By 2020, the bitcoin could be one of the leading,if not the leading currency of choice to do business

[redsap]

Yeah i belive that
Bitcoin evey year rising it poppularity neither as a currency or just an asset but we know something that is good when bitcoin reach it full potential and rising stablize and we would say yes bitcoin can be a poppular payment method

[Vladv26]

Bitcoin will become a normal payment method that we will be able to use anywhere but I don't think it is going to be very popular. Why would someone use bitcoin to pay for something with bitcoin and pay an extra 1$ on fees if he can pay directly with cash or credit cards without a commission? Only if he doesn't have cash or credit card in his pocket and he has bitcoin but that rarely happens.

Pretty much anyone who has a few tens of million of dollars can manipulate the price in just a few minutes and make a lot of companies lose money through this. Probably that's why some companies just don't want to accept bitcoin as a payment method, because they know how it works and how big the risks are.

[semes]

I think it even happened. Bitcoin may be used for payment at KFC stores in Canada, according to a recent report. After that, I speculate that the BTC payment scheme will be accepted especially for those with high prices. Bitcoin can be used, for example, when driving a car or home. But as I always said, first of all I need to increase Bitcoin transfer rate. It would not make sense if they wanted to wait 10-15 minutes for payment at the store. It will not be easy to pay without increasing the transfer rate. In this sense, lighting technology will increase the block capacity, as SegWit, which is very important for Bitcoin. Regardless, if this issue is resolved, the price of Bitcoin will increase significantly.

[cryp24x]

The possibility also of making Bitcoin become the most popular mode of payment was great. Why? It is fast, easy and secure because it uses blockchain technology. It also connects all the countries from different parts of the world due to decentralization. I think acceptance and awareness of Bitcoin are the keys to be able to make this possible.

[cryp-to-art]

There are a lot of stores and shops that accept BTC or other cryptocurrencies as a payment already...but it will take a while to build an infrastructure, so everyone can find them easily.

[samantadegrenet]

Perhaps in the future when some rules have been enacted and the btc will have achieved greater stability it can become a popular payment currency.