Acceptance of bitcoin as payment!

[Burogh]

I have not read bitcoin's whitepaper but from the little understanding I have I think bitcoin was developed to be use as a mode of payment for goods and services? It was for a transactionary purposes and not as the way we are using it now as a way of making profits by buy them and hold or sell Them whenever we think it has appreciated in pricing!
I believe for bitcoin to grow it purposes must be well explain to the populace as they are the one that needs it in transactions and that is why the more people that know about it an it primarily uses of p2p the better bitcoin become.  We must promote it with the aim of bringing more people especially business people to start adopting bitcoin for they business.  Bitcoin should also be stable in pricing because it will be very difficult for retailers and wholesalers business to use it if it is unstable.
Finally I will like to get your opinion on this as this will help the mind of many of us here about this great technologies.

Merchants will chose best way for them to sell the products.  Most secure, cheapest and with least problems.  They will and are on the head of adoptions. Not people. Not buyers. People use it as an investment right now since it is also useful.   Chinese owners of hydro plants used Bitcoin as a store of energy.  Bitcoin is just so cool to have many use cases. That is why it is so valuable.

Bitcoin is really important for our furture because of many reason. Accepting bitcoin in many merchants are now happening around the world, its getting easier to own and use bitcoin so I’m very confident on the future price of bitcoin, it will be big for sure.

I am prefer believe bitcoin will become store of value or digital asset like gold in our real world. It could used in merchant but with i am believe banks will oppose this and central banks must be want to create their own cryptocurrency or digital money

Other bitcoin or crypto are indeed worthy to be used as assets for the long term, if there is still a lot of payments to receive payments, this is easily controlled by the government. Crypto is very suitable for personal assets for peer-to-peer systems for individuals and only a few companies accept it.

If bitcoin regulated in many country as currency and able for used in merchant, perhaps bitcoin can useful for tourist because its more secure and flexible. But i think bitcoin will become digital asset because government must be wont lose control on money supply

[boyz97]

I have not read bitcoin's whitepaper but from the little understanding I have I think bitcoin was developed to be use as a mode of payment for goods and services? It was for a transactionary purposes and not as the way we are using it now as a way of making profits by buy them and hold or sell Them whenever we think it has appreciated in pricing!
I believe for bitcoin to grow it purposes must be well explain to the populace as they are the one that needs it in transactions and that is why the more people that know about it an it primarily uses of p2p the better bitcoin become.  We must promote it with the aim of bringing more people especially business people to start adopting bitcoin for they business.  Bitcoin should also be stable in pricing because it will be very difficult for retailers and wholesalers business to use it if it is unstable.
Finally I will like to get your opinion on this as this will help the mind of many of us here about this great technologies.

Merchants will chose best way for them to sell the products.  Most secure, cheapest and with least problems.  They will and are on the head of adoptions. Not people. Not buyers. People use it as an investment right now since it is also useful.   Chinese owners of hydro plants used Bitcoin as a store of energy.  Bitcoin is just so cool to have many use cases. That is why it is so valuable.

Bitcoin is really important for our furture because of many reason. Accepting bitcoin in many merchants are now happening around the world, its getting easier to own and use bitcoin so I’m very confident on the future price of bitcoin, it will be big for sure.

I am prefer believe bitcoin will become store of value or digital asset like gold in our real world. It could used in merchant but with i am believe banks will oppose this and central banks must be want to create their own cryptocurrency or digital money

Other bitcoin or crypto are indeed worthy to be used as assets for the long term, if there is still a lot of payments to receive payments, this is easily controlled by the government. Crypto is very suitable for personal assets for peer-to-peer systems for individuals and only a few companies accept it.

If bitcoin regulated in many country as currency and able for used in merchant, perhaps bitcoin can useful for tourist because its more secure and flexible. But i think bitcoin will become digital asset because government must be wont lose control on money supply

in several countries bitcoin already accepted as currency, they could spend their bitcoin in several place ,usually in tourist attraction.more place accept bitcoin it will bring new demand to bitcoin.

[gabbie2010]

I have not read bitcoin's whitepaper but from the little understanding I have I think bitcoin was developed to be use as a mode of payment for goods and services? It was for a transactionary purposes and not as the way we are using it now as a way of making profits by buy them and hold or sell Them whenever we think it has appreciated in pricing!
I believe for bitcoin to grow it purposes must be well explain to the populace as they are the one that needs it in transactions and that is why the more people that know about it an it primarily uses of p2p the better bitcoin become.  We must promote it with the aim of bringing more people especially business people to start adopting bitcoin for they business.  Bitcoin should also be stable in pricing because it will be very difficult for retailers and wholesalers business to use it if it is unstable.
Finally I will like to get your opinion on this as this will help the mind of many of us here about this great technologies.

Merchants will chose best way for them to sell the products.  Most secure, cheapest and with least problems.  They will and are on the head of adoptions. Not people. Not buyers. People use it as an investment right now since it is also useful.   Chinese owners of hydro plants used Bitcoin as a store of energy.  Bitcoin is just so cool to have many use cases. That is why it is so valuable.

Bitcoin is really important for our furture because of many reason. Accepting bitcoin in many merchants are now happening around the world, its getting easier to own and use bitcoin so I’m very confident on the future price of bitcoin, it will be big for sure.

I am prefer believe bitcoin will become store of value or digital asset like gold in our real world. It could used in merchant but with i am believe banks will oppose this and central banks must be want to create their own cryptocurrency or digital money

Other bitcoin or crypto are indeed worthy to be used as assets for the long term, if there is still a lot of payments to receive payments, this is easily controlled by the government. Crypto is very suitable for personal assets for peer-to-peer systems for individuals and only a few companies accept it.

If bitcoin regulated in many country as currency and able for used in merchant, perhaps bitcoin can useful for tourist because its more secure and flexible. But i think bitcoin will become digital asset because government must be wont lose control on money supply

in several countries bitcoin already accepted as currency, they could spend their bitcoin in several place ,usually in tourist attraction.more place accept bitcoin it will bring new demand to bitcoin.

To back up all these claims Brazil had started using bitcoin as a means of payment in their movies industries definitely this will motivates other sister industries to follow the trend by making provision for digital payment in form of bitcoin, honestly with all these various positive adoption of bitcoin solidifies or reinforced the fact that bitcoin is gradually gaining ground and it will not take long before its fully adopted in many countries.

[The Sceptical Chymist]

We must promote it with the aim of bringing more people especially business people to start adopting bitcoin for they business.  

Eh, I've thought a lot about bitcoin and its utility as a currency, and while it certainly works (I've used it to buy things a number of times with little trouble), the general public really has no need for a cash substitute as long as that cash has value.  In addition, everyone gets paid in fiat; goods & services are priced in fiat; and unless you somehow end up with bitcoin in your lap, you have to go out of your way to buy it with fiat.  It therefore makes no sense for the average person to spend it.

I'd say for most bitcoin/crypto enthusiasts, bitcoin has more value as an investment due to its volatility, and you'll see that most members on this forum are always hoping it'll shoot to the moon, and less often you'll hear about how its used as money--though people here definitely do use it for buying things.

If and when we get a hyperinflation situation, it might be useful as money but more likely we'd just use another currency that wasn't devalued.  Venezuela is going through that right now, and I don't think the typical Venezuelan is using bitcoin for their grocery shopping.  I have heard stories about crypto being used there, but my impression is that it's not particularly prevalent.

But hey, keep at it trying to get people to use it.  The more people who do, the better it is for all of us.

[LeGaulois]

If bitcoin regulated in many country as currency and able for used in merchant, perhaps bitcoin can useful for tourist because its more secure and flexible. But i think bitcoin will become digital asset because government must be wont lose control on money supply

We don't need to have regulations to use Bitcoin there is nothing stopping us (or merchants) and we don't need regulations to see mass adoption. It will come from people themselves, whatever because they're looking for an alternative payment system, financial privacy, or they're interested to save up on the fees, are unbanked, ...

[Duzter]

If bitcoin regulated in many country as currency and able for used in merchant, perhaps bitcoin can useful for tourist because its more secure and flexible. But i think bitcoin will become digital asset because government must be wont lose control on money supply

We don't need to have regulations to use Bitcoin there is nothing stopping us (or merchants) and we don't need regulations to see mass adoption. It will come from people themselves, whatever because they're looking for an alternative payment system, financial privacy, or they're interested to save up on the fees, are unbanked, ...

Adoption is termed as a major necessity for the acceptance of bitcoin as payment by most people, but as stated in the above quote bitcoin as a payment acceptance needs to begin from each and every user who wish to make use of bitcoin on all their regular needs. In specific people who are using bitcoin as well having their own physical business needs to begin accepting bitcoin onto their services which will also contribute good.

[gabmen]

If bitcoin regulated in many country as currency and able for used in merchant, perhaps bitcoin can useful for tourist because its more secure and flexible. But i think bitcoin will become digital asset because government must be wont lose control on money supply

We don't need to have regulations to use Bitcoin there is nothing stopping us (or merchants) and we don't need regulations to see mass adoption. It will come from people themselves, whatever because they're looking for an alternative payment system, financial privacy, or they're interested to save up on the fees, are unbanked, ...

Adoption is termed as a major necessity for the acceptance of bitcoin as payment by most people, but as stated in the above quote bitcoin as a payment acceptance needs to begin from each and every user who wish to make use of bitcoin on all their regular needs. In specific people who are using bitcoin as well having their own physical business needs to begin accepting bitcoin onto their services which will also contribute good.

Well let's face it, regulations will help get confidence from investors knowing that their money can be backed up. I know decentralization and anonymity are big factors for crypto but certain security risks come with it. And governments will always have a say whether we like it or not so might as well just find a common ground.

[yvesp110]

It should be used as a currency and not alone as an investment assets

I know a lot of people who hold a part of their wealth in the form of physical cash.

They are lucky who are holding it, because as time passing crypto currency is gaining value and importance so in shoes and markets digital money will be acceptable and real or fiat money will lose value, in several markets when you go for shopping they will first offer you to pay with digital money because it is our future, holding your money as crypto saves your future.

[PlusOne88]

There could be means or methods to use for the acceptance of Bitcoin. The transactions you are talking about which is a difficult task for  a begginer or a common individual who does not have ideas about it can be a real hindrance for usage and acceptance . Exchanges can make this simple using third party softwares to make things even simpler.

[Akagum]

I agree in particular with your submission.
I could remember when I was new to crypto....my friend that invited me to crypto spent considering amount of time getting me conversant with how to use blockchain and the rest.
I must confess that the task was daunting and frustrating to say the least because the whole thing looks foreign to me.
What I am saying in essence is that, for bitcoin to attain the position of a payment medium.
Theres the need for proper education .
I think there should be a course on blockchain in our colleges.
This I believe would drive adoption.

[Robotbitcoin22]

In my opinion it is indeed quite good and suitable when we see that bitcoin is used as a payment and also bitcoin as a preference or other payment option, but the risk is also quite large also because the decline in the value of bitcoin or increase is also quite large

[phamn6345]

I have not read bitcoin's whitepaper but from the little understanding I have I think bitcoin was developed to be use as a mode of payment for goods and services? It was for a transactionary purposes and not as the way we are using it now as a way of making profits by buy them and hold or sell Them whenever we think it has appreciated in pricing!
I believe for bitcoin to grow it purposes must be well explain to the populace as they are the one that needs it in transactions and that is why the more people that know about it an it primarily uses of p2p the better bitcoin become.  We must promote it with the aim of bringing more people especially business people to start adopting bitcoin for they business.  Bitcoin should also be stable in pricing because it will be very difficult for retailers and wholesalers business to use it if it is unstable.
Finally I will like to get your opinion on this as this will help the mind of many of us here about this great technologies.

Merchants will chose best way for them to sell the products.  Most secure, cheapest and with least problems.  They will and are on the head of adoptions. Not people. Not buyers. People use it as an investment right now since it is also useful.   Chinese owners of hydro plants used Bitcoin as a store of energy.  Bitcoin is just so cool to have many use cases. That is why it is so valuable.

Bitcoin is really important for our furture because of many reason. Accepting bitcoin in many merchants are now happening around the world, its getting easier to own and use bitcoin so I’m very confident on the future price of bitcoin, it will be big for sure.

I am prefer believe bitcoin will become store of value or digital asset like gold in our real world. It could used in merchant but with i am believe banks will oppose this and central banks must be want to create their own cryptocurrency or digital money

Other bitcoin or crypto are indeed worthy to be used as assets for the long term, if there is still a lot of payments to receive payments, this is easily controlled by the government. Crypto is very suitable for personal assets for peer-to-peer systems for individuals and only a few companies accept it.

If bitcoin regulated in many country as currency and able for used in merchant, perhaps bitcoin can useful for tourist because its more secure and flexible. But i think bitcoin will become digital asset because government must be wont lose control on money supply

in several countries bitcoin already accepted as currency, they could spend their bitcoin in several place ,usually in tourist attraction.more place accept bitcoin it will bring new demand to bitcoin.

To back up all these claims Brazil had started using bitcoin as a means of payment in their movies industries definitely this will motivates other sister industries to follow the trend by making provision for digital payment in form of bitcoin, honestly with all these various positive adoption of bitcoin solidifies or reinforced the fact that bitcoin is gradually gaining ground and it will not take long before its fully adopted in many countries.

Wasn't bitcoin used to close transactions you had in deep web?

[breathlessz]

In my opinion it is indeed quite good and suitable when we see that bitcoin is used as a payment and also bitcoin as a preference or other payment option, but the risk is also quite large also because the decline in the value of bitcoin or increase is also quite large

I think when all countries have used it or legalized it, it is certainly not as volatile as it is today, because the volume has been spread and of course the price will be very expensive. and at that time of course bitcoin can be accepted as a means of payment.

[cybersofts]

Bitcoin is not the fastest nor cheapest cryptocurrency after all!





Reference: https://twitter.com/APompliano/status/1105864295928291328

[Gaff]

Bitcoin is not the fastest nor cheapest cryptocurrency after all!





Reference: https://twitter.com/APompliano/status/1105864295928291328

We only appreciate bitcoin as cheaper during market downfalls, and with it's faster transactions on blockchain I think acceptance is always possible in every country. Before it begins to happen, people need to be more educated with all it's advantages to human needs. To make this acceptable, government also should allow cryptocurrency activities to merge with fiat economy. When this will begin to be implemented, there's a lot of adjustments needed in order to fulfill this matter.

[Finestream]

In my opinion it is indeed quite good and suitable when we see that bitcoin is used as a payment and also bitcoin as a preference or other payment option, but the risk is also quite large also because the decline in the value of bitcoin or increase is also quite large

I think when all countries have used it or legalized it, it is certainly not as volatile as it is today, because the volume has been spread and of course the price will be very expensive. and at that time of course bitcoin can be accepted as a means of payment.

Yes.Once bitcoin will be fully legalized in all countries,its price will surely be stable already.Volatility will not be an issue anymore.With that,there will be more merchants who will accept bitcoin as a mode of payment knowing it has an expensive value.It is only today that bitcoin was made more of an investment since bitcoin is not yet adopted as a payment system.

[Ranly123]

I have not read bitcoin's whitepaper but from the little understanding I have I think bitcoin was developed to be use as a mode of payment for goods and services? It was for a transactionary purposes and not as the way we are using it now as a way of making profits by buy them and hold or sell Them whenever we think it has appreciated in pricing!
I believe for bitcoin to grow it purposes must be well explain to the populace as they are the one that needs it in transactions and that is why the more people that know about it an it primarily uses of p2p the better bitcoin become.  We must promote it with the aim of bringing more people especially business people to start adopting bitcoin for they business.  Bitcoin should also be stable in pricing because it will be very difficult for retailers and wholesalers business to use it if it is unstable.
Finally I will like to get your opinion on this as this will help the mind of many of us here about this great technologies.

Not only as a means of payment but it is also used as gambling money. Nowadays, Bitcoin has many usage through online transactions that's why it is very vital in cryptocurrencies success over the years.

[BennyK]

Although some companies and businesses have set the pace in the integration of Bitcoin into their payment systems, others are scared to do so because it is not legalized in their country. The issue of Bitcoin being accepted as a currency must be tackled from the governmental perspective because people are ready to do and comply to whatever the governments bring onboard. I believe there are many in here who are in governmental positions and can advocate for Bitcoin on this. It is time to break the long silence and advocate tirelessly for Bitcoin and with this, most of the governments, if not all, will accept Bitcoin.

[Ailmand]

There are plenty of merchant who accepts crypto as a payment even a supermarket,
The big question is are you willing to pay with crypto?
Most of us are happy that more and more merchant are accepting it,But some of us aren't really going to pay with crypto some of us see's it as an investment not us a currency for such transactions.

[cydrix]

Didn't you know that it is currently being used in various transactions in sites that accepts this kind of service such dark web, etc. Moreover it cannot be used in payment such as salary for employees. Bitcoin's price is too unstable the employee or the people at work will be disturbed that their money can change anytime with no guarantee whatsoever. But as payment for items or anything that can be bought by products is still acceptable.