Big Companies Could Choose Btg Or Bch Or Bcd For Payment Instead Of Btc?

[totol05]

BTC price is too high now and people store it for more profit. Do you think big companies could choose another one for payment unit instead of BTC? or they go with the flow and use BTC all life long? what is your thoughts about this

[1715496751]

1715496751

[1715496751]

1715496751

[1715496751]

1715496751

[1715496751]

1715496751

[mimakter]

High price of bitcoin is always effect the decision of some companies that they have choose it or choose to another digital currency for daily routine transaction Because many another currency are becoming more popular for future benefit. And if they choose to bitcoin then that is good decision because trend of bitcoin will not decrease any time.

[Jannn]

Do you think big companies could choose another one for payment unit instead of BTC?

Maybe if Bitcoins transaction stuck problem is still the problem if that still the problem im think companies will go to another alternative coin like litecoin and Ripple.

[booktoplady]

There are many good altcoins.

Why would anyone chose shitcoin forks of Bitcoin like BCH?

[bitart]

There are many good altcoins.

Why would anyone chose shitcoin forks of Bitcoin like BCH?

The big companies are mainly choose Bitcoin instead of others (forks, alts) because of it's history and the trust, which is party based on the long history and partly the reliability (the technology itself, which is unhackable still)
If it's in connection with fees, the lightning network will come sometime and will solve the fee problem partly, so there's no need to search for something else yet.
Also, if big companies wants to sell to people directly, they will need to use a coin that's known and accepted by the average people too. Forks, alts are unknown to the Average Joes, so there's no use trying to accept them, there will be little interest using those coins instead of bitcoin.

[franky1]

BTC price is too high now and people store it for more profit. Do you think big companies could choose another one for payment unit instead of BTC? or they go with the flow and use BTC all life long? what is your thoughts about this

most big companies use merchant tools like coinbase and bitpay

bitpay and coinbase already offers different options and no longer just handle only cores chain

so, the short answer yes merchants and big companies have already begun accepting things other than cores chain. 

[darkangel11]

The most important factor is not the price but the recognition. BTC has its own brand, the name and logo are already recognized, people are familiar with laws and if you ask a random person what bitcoin is you should be able to get an answer. Shitcoins like BTG don't have that. They are piggybacking on bitcoin's brand and popularity and mean nothing without it.
Also, the price of the whole coin doesn't mean anything as long as you can use 1/100 or 1/1000.

[dothebeats]

First-mover advantage, I'd say. Bitcoin is still the king of all cryptos and if ever these companies would accept a cryptocurrency as a form of payment for their products/services, they wouldn't choose a coin that only a few people care about and is hard to liquidate. Bitcoin—though volate—can still be used as a form of payment method if you employ third-party services such as Bitpay and the likes. While I think accepting cryptocurrencies as a form of payment is quite dangerous and not viable right now, those services/companies that don't need the funds right away might opt to keep some of the payment they receive in bitcoin since it can still create profit even if they just let it sit still.

[European Central Bank]

what the hell does 'the price is too high'  mean?

prices are set in dollars.

if you really concentrate for a few minutes you'll realise that something in dollars costs the same in btc, bch or boolberry.

if it's a case of volatility then alts are often more volatile. if it's a case of people hanging on for more profit there's often more profit in alts too.

have intellects here truly withered this far?

the only difference in usage is fees. if bitcoin goes back to the bad old days then i can well see merchants switching. other than that there's no better or worse reason to accept any coin.

[MakeMoneyBtc]

I dont think a big company would ever choose to accept other currencies that bitcoin or ethereum for their main crypto payment method. Bitcoin is the most popular voin and I would say 99.9% of people involved with cryptocurrencies have heard and know what it is and they also trust it.
Even though the volatility of the price is very big I think they can develop a system that will solve this problem by selling their bitcoin instantly when paying with them. This way they avoid losing profits if the price falls after that.
The fees are not so big right now but I still think there is a bit of space to work with them since they are not the best we can see. I think right now it is more about the time to receive confirmations for the transactions and I hope Lightning Network will solve this problem.

[dollarneed]

Instead of choosing those coins big companies might choose etherum or another coin like litecoin. It is undeniable that bitcoin is not suited for making transactions especially in small amount due to the fees and length of confirmation time. The alternative is to use popular coins such as etherum or litecoin. There are already many sites that use etherum and litecoin as a payment method but when sending big amount people still use bitcoin compared to the coins you mentioned in the OP.

[franky1]

First-mover advantage,

Bitcoin is the most popular voin

if you think core can kill off the ethos of the whitepaper. but rely only on 'first mover' / popularity / branding.. then thats already a failure.
myspace had those aspects.. look at them now

many people do not have savings in bank accounts. but if you search thier house you will find some gold somewhere that they have held onto(saved) for months/years without realising it. but although everyone around the world has seen, knows of or held for more than 6 months some gold (whether its as jewellery, tooth fillings or circuitry)... with gold being the universally known 'store of wealth' many do not see what they hold as 'savings' or even want to spend/accept payment in gold.

so branding/value/who/how many hold it. in the end does not mean anything.. unless it has utility to be used daily in peoples lives to pay for food/rent/gifts to live on.. its meaningless.

so the most important thing is not first mover or popularity... its utility, which cores chain is LOSING

[European Central Bank]

Instead of choosing those coins big companies might choose etherum or another coin like litecoin. It is undeniable that bitcoin is not suited for making transactions especially in small amount due to the fees and length of confirmation time. The alternative is to use popular coins such as etherum or litecoin. There are already many sites that use etherum and litecoin as a payment method but when sending big amount people still use bitcoin compared to the coins you mentioned in the OP.

the company winds up with dollars. they don't care about fees, confirmation times, developer wars or hard forks. most of them probably don't understand or care the slightest thing about any of the coins.

the only thing a company needs to care about is reaching as many customers as possible, which means accepting as many coins as possible as people like to spend their free gains no matter what their irrational allegiance is.

people are trying to push their crypto agendas on this when the people who count, the companies, couldn't give the tiniest shit.

[Roukawa]

BTC price is too high now and people store it for more profit. Do you think big companies could choose another one for payment unit instead of BTC? or they go with the flow and use BTC all life long? what is your thoughts about this

But as far as I can see, giant tech and companies are accepted bitcoin instead BCH or BCD. That is because bitcoin is more reliable to them because the focus of the current industry is in bitcoin. They are only forks of bitcoin, BCD and BCH are not the real one.

[franky1]

Instead of choosing those coins big companies might choose etherum or another coin like litecoin. It is undeniable that bitcoin is not suited for making transactions especially in small amount due to the fees and length of confirmation time. The alternative is to use popular coins such as etherum or litecoin. There are already many sites that use etherum and litecoin as a payment method but when sending big amount people still use bitcoin compared to the coins you mentioned in the OP.

the company winds up with dollars. they don't care about fees, confirmation times, developer wars or hard forks. most of them probably don't understand or care the slightest thing about any of the coins.

the only thing a company needs to care about is reaching as many customers as possible, which means accepting as many coins as possible as people like to spend their free gains no matter what their irrational allegiance is.

new egg has been involved in bitcoin since before 2014.. the CEO actually does keep some crypto's. but even he has enabled more than just cores chain on his merchant tools. same goes for MANY big companies. but both of us have to agree. the 'alligience' to cores chain is waning/dropping

[European Central Bank]

new egg has been involved in bitcoin since before 2014.. the CEO actually does keep some crypto's. but even he has enabled more than just cores chain on his merchant tools. same goes for MANY big companies. but both of us have to agree. the 'alligience' to cores chain is waning/dropping

a company accepting bitcoin only is a stupid company. it's not their job to endorse anything or safeguard something's position. their job is to profit. end of.

there are tons of coins now. some of them are huge. ignoring them means merchants might be giving away profit.

[SyGambler]

BTC price is too high now and people store it for more profit. Do you think big companies could choose another one for payment unit instead of BTC? or they go with the flow and use BTC all life long? what is your thoughts about this

But as far as I can see, giant tech and companies are accepted bitcoin instead BCH or BCD. That is because bitcoin is more reliable to them because the focus of the current industry is in bitcoin. They are only forks of bitcoin, BCD and BCH are not the real one.

to be honest most of the companies that take bitcoin only care about the fiat value they get , so mostly they use services that do the calculations and take the payments
so they don't care if it's bitcoin or other alts as long as the service exchange the crypto to fiat

most likely we will see a lot of companies taking all cryptos , like the service in coinpayments for example

[yrrehc16]

why in the earth they must choose that?? if i do have a business to get into it
i will firstly go with BITCOIN and then the BCC..
lets just be true.
bitcoin is the most outstanding coin to have in our business even on its volatility.

[Tnt1971]

BTC price is too high now and people store it for more profit. Do you think big companies could choose another one for payment unit instead of BTC? or they go with the flow and use BTC all life long? what is your thoughts about this

I don't find any companies where they paid their internal payments with bitcoin but bitcoin gold, bitcoin cash  is so far. But next generation bitcoin will be a such kind of payment system.

[ceferov]

tell me one normal reason why company should choose BTC forks if they decide not to accept BTC? One normal reason why I should accept BCH if it's possible to accept NANO? anyway I believe BTC but if company decides to take altcoin they would get better coins like NANO instead of any hardly monopolized BTC fork