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

[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.