CoinsGazer
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September 10, 2018, 05:50:16 AM |
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1. The level of acceptance is not high - there are still many people who don't know Bitcoin. 2. Volatility - The total value of Bitcoin in circulation and the number of companies using Bitcoin are still very small compared to their possible size. 3.Not mature enough-Bitcoin is still in the development phase,Bitcoin software is still in beta, and many unfinished features are in active development. 4. As a means of payment, the handling fee is higher
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cabrakaned
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September 10, 2018, 05:57:58 AM |
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I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!
The major reason is that bitcoins are much unstable. We can assume the current markets and I guess that really makes much difficult for the businessmans to adapt bitcoins into business. Bitcoins can be great if the trading factors can be reilable and also if the volatility does not matter for bitcoins but in opposite situations it is much difficult for bitcoins to adapt business.
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elwiswoodie
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September 10, 2018, 06:07:49 AM |
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volatility is the reason why Bitcoin cannot be directly adopted as a business medium everyone becomes doubtful, because the price of Bitcoin is very easy to change, and that of course causes everyone not to use Bitcoin as a payment tool
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HoangnhatMinhVTCgame
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September 10, 2018, 06:10:27 AM |
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In my opinion, BTC is banned in some countries and it doesn't have policy of the government. Thus, BTC cannpt become true business, in real life. The liquidity is not 100% like currency.
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Dr.Osh
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September 10, 2018, 06:26:48 AM |
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In my opinion, BTC is banned in some countries and it doesn't have policy of the government. Thus, BTC cannpt become true business, in real life. The liquidity is not 100% like currency.
well, if in offline business, of course this will be banned, because it will be contrary to fiat, so most countries will oppose this, and see bitcoin from the bad side. well, but in the online world, I think it's got a lot.
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Getmon
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September 10, 2018, 06:33:35 AM |
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Bitcoin is really great. There is no doubt about it. And the adoption is growing everyday. However, certain circumstances are limiting the full adoption. You are right. The market volatility is definitely one of the reasons. If you have a business, you simply cannot rely on its volatility. One day, people buy your product at 500 Satoshis. The next day, they will buy the same product at 100 Satoshis. And you bought them at 350 Satoshis. That would spell loss. This could not be tolerated in a good business model.
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YoungPalom
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September 10, 2018, 06:56:14 AM |
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Bitcoin business market isn't unified. This means that Bitcoin isn't universally accepted. In the future, it is possible that the investors' efforts will soon lead Bitcoin into business.
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euronine897
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September 12, 2018, 03:57:41 AM |
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I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!
Even most of the industries know how potential Bitcoin is as a currency they don't like to change into digital currencies by abandoning fiat money because at the moment they have used comfortably to fiat money for years so many think changing the entire process to accept digital currencies is a unnecessary trouble for them which can interrupt the current smooth processes but most of them loose many benefits they could have gain by using Bitcoin
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ExceedBlue012
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September 12, 2018, 04:11:09 AM |
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Because in any business the market need to be stable or less volatile but in the case of bitcoin it is highly volatile which is not excepted.
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Cripinggedang
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September 12, 2018, 04:21:59 AM |
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I can't speak for others, but as a small business owner I am always happy to take bitcoin etc, trouble is none of my customers will pay me in it. One day soon with luck i may be in a position to offer a product that will be more accessible to the bitcoin community.
I think with bitcoin still using the old blockchain, many transactions will not be faster than expected. So yes we need more miners and new solid blockchain (not forks) to help Bitcoin survive. Because it is very difficult to monitor and transaction costs can be very high and transfers can be very slow.
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bigblackdeck45
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September 12, 2018, 04:35:59 AM |
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I think the biggest reason why business doesn't adapt bitcoin or use is because how fast the price change and being so volatile. But that doesn't mean bitcoin will not be something big and I think a lot of business have started to notice bitcoins potential. We just have to wait and see where bitcoin is gonna go in the future.
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kokobaba880
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September 12, 2018, 06:12:01 AM |
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Bitcoin value is not stable so that's why it can not be adopted into business and for now it is not adopted. It is good to say that bitcoin will soon rise and then it will be adopted by many businesses in the world for now the best thing is buying crypto now.
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jikurpa
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September 12, 2018, 06:32:20 AM |
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I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!
isn't bitcoin a currency currency for transactions if for business I think the risk gained in its use requires confidence and patience
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Persiontateneis
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September 14, 2018, 10:35:10 AM |
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Well bitcoin some how is not open to all and in most cases only the educated are the ones being able to use bitcoin and at that most of the local shops around are mostly own by uneducated people and at that it hard for them to have access to bitcoin and how it is use.
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eashikde
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September 14, 2018, 11:21:19 AM |
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Not all so quickly. Bitcoin is a new coin that stands in the way of development. For serious work, many issues and questions still need to be solved. I think it can be adapted to the business, only when it will keep a stable value.
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rodskee
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September 14, 2018, 11:39:13 AM |
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I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!
I think you need to research and read about the latest news about bitcoin Some country like Australia for example bitcoin treated as real money like fiat And more establishment and business accept bitcoin as payment Today the latest news about the luxury car rolls royce accepting bitcoin as payment
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Getcoinsite
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September 14, 2018, 11:59:54 AM |
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I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!
There are some countries that accepted bitcoin as their currency meaning everything that requires payments can use this coin so what made you think that this wasn’t accepted as business money? Not all so quickly. Bitcoin is a new coin that stands in the way of development. For serious work, many issues and questions still need to be solved. I think it can be adapted to the business, only when it will keep a stable value.
Stupid idiot you’re nothing but a waste in this community,no one needs your opinion so better shut uo Bitcoin value is not stable so that's why it can not be adopted into business and for now it is not adopted. It is good to say that bitcoin will soon rise and then it will be adopted by many businesses in the world for now the best thing is buying crypto now.
Next time try to use google before putting comment because this only proves how illiterate you are in cryptocurrency,Japan uses bitcoin for all transactions that can use by fiats so this means all businesses in that region uses bitcoin already
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Raiwenkai
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September 14, 2018, 12:39:39 PM |
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I think this is because bitcoin is volatile there's no permanent rate and no one can ever tell when bitcoin will pump or dump so its very difdicult to pit it in business
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Kertmu
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September 14, 2018, 12:54:28 PM |
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I think Bitcoin is adapted for its implementation in the business, just now the period of becoming Bitcoin as a currency, the real price has not yet been formed, constant swings interfere.
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nicko122
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September 14, 2018, 01:34:59 PM |
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Adapt bitcoin for a particular business is possible, but not for a wide range, at least for now. Now there are not so many options for using bitcoin around the world, so it's too early to put such hopes on him.
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