Acceptance of bitcoin as payment!

[Stac]

 Many large companies accepts Bitcoin in the market place Bitcoin is the first and famous digital currency .  Not accepting Bitcoin it will be a big mistake, with a fluctuating value it may bring profit or sometimes hurt the company ..One of biggest risk in online shopping that  fraud can take place, this can  be recovered by applying different type of skills .Bitcoin market is volatile so the price will go up and down within an hours time .. Buyers in this market have a higher sense of security and they prefer anonymous transactions .if we decide to add Bitcoin as payment we need a developer once Bitcoin is included in payment automatically is convert them into local currency .

[Crypdon]

Satoshi underestimated the level of usage for bitcoin and didn't scale it well, or perhaps he intended for it to only used as an alternative to gold rather than a payment method

[sirminesalot]

At this current day we can see big development in the acceptance of bitcoin especially in the field of businesses simply because some companies, store and mall start to accept it as a mode of payment. Maybe in the coming future all of us bitcoin to pay all our bills.

a very good step and progress in the development of crypto currencies, maybe I am sure that in the future crypto currencies will be more developed in my country, it cannot happen because the government prohibits direct transactions with crypto currencies so that payments with bitcoin cannot

[muhtesem]

as long as bitcoin is in the hands of whales as long as they are traded on CBOE and leveraged trading sites Unfortunately, it cannot be used as a payment method. Of course you can shop with bitcoin. but the price is too wavy and unreliable. so it's hard work.

[goaldigger]

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.

I guess the reason why bitcoin and other cryptocurrency is still not being accepted as a mode of exchange worldwide is because of its unstable price. Maybe they are still studying how can this thing works. The result maybe too bad or too good because if the market falls, the seller looses too but if the market lands on moon, the seller double or triple its interest.

[sunsilk]

Bitcoin will never have it's stable value, as you can see from the charts the price varies everyday. There's always an option to directly convert it into USD if the receiver is too careful enough for the fluctuations, retailers can do this if they have a lot of bitcoin paying customers.

We're already promoting it but those people that we're reaching out aren't even willing to adopt it. We are doing our part and it's up to them if they will catch up because most of those people that I've talk to, they were scared now because they were just looking at the price fall last bull run.

[0t3p0t]

Bitcoin is used more as investment because that's how people are promoting it. When I hear someone talking about bitcoin, there are always words like investment, profit, fast money involved in their conversation. So there is no surprise bitcoin is seen more as a tool to make profit rather than being promoted as a payment method that you can use to send money and pay everywhere.

Newcomers usually do that mate. They are not paying attention to whatever it should be because what they need is profit that is why we can see Bitcoin most of the time as an investment. Reality is that Bitcoin is a much better investment than fiat so in my own case I prefer Bitcoin to be used in two ways either in investment or as a payment method as I use it for paying goods and services online.

[Kelvinid]

Bitcoin is used more as investment because that's how people are promoting it. When I hear someone talking about bitcoin, there are always words like investment, profit, fast money involved in their conversation. So there is no surprise bitcoin is seen more as a tool to make profit rather than being promoted as a payment method that you can use to send money and pay everywhere.

Newcomers usually do that mate. They are not paying attention to whatever it should be because what they need is profit that is why we can see Bitcoin most of the time as an investment. Reality is that Bitcoin is a much better investment than fiat so in my own case I prefer Bitcoin to be used in two ways either in investment or as a payment method as I use it for paying goods and services online.

That's the common thing happen right now, people are thinking  Bitcoin as an investment cause in the first place it is not fully accepted as a mode of payment at the start. But as the days move, bitcoin were now welcome to the community and even small companies where started to accept this, may it could be a way that people will think cryptos are not just for investment but also a currency.

[rollingstorm45]

The truth is bitcoin is nowhere close to being a standard payment method in commerce.  It currently can't scale to any meaningful level and the price is much too volatile for any retailer to hold it.  It has become more of digital gold at this point.  How many stores accept gold? Very few but it still has value.

actually bitcoin can be an alternative payment tool, if we are in a country that has hyper-inflation or a country that is experiencing chaos and the country's currency is very unstable, entrepreneurs can use bitcoin as an alternative payment tool. but bitcoin may not be enough to be an official payment instrument for paper currencies because there are various kinds of obstacles that still make bitcoin unable to be distributed throughout the world.

[Reid]

I have been using it for like every month and I can say it is all worth it for I dont need to line up paying bills. Everything is an online transaction by now.
Deliveries and also shopping could be done online, it is just lacking with options.

I hate to say it but it hurts me when I am offering it to people just so to give them ease with bills payment method.
They still prefer the traditional one. Credit cards or cash basis only.

Maybe that should be the question. When are we going to be set free with traditional things.

[Canoppo99]

I got the point, although bitcoin was made to become medium of exchange but since people need paper money to own it then supply and demand rule make it price fluctuates, people see opportunity in it so now people consider it as asset, actually people also trade fuat money to get profit. Even we never see fiat money price stable so bitcoin price will never stable, but it is also accepted as payment methode in some companies, so no worries.

[n0ne]

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

Unfortunately the whole what should we do plan has changed radically.

We are seeing more and more shops and business claiming to accept cryptos but overall even if we consider the maximum claims of LN transactions the number of people actually using it to buy stuff has barely doubled in the last years.

A new dilemma is taking shape, as at first you had nothing to buy with BTC and now people are not willing to buy stuff with BTC since holding will earn them infinite fiat gains . So, we want merchants to accept BTC but merchants are reluctant to accept bitcoins because of lack of customers since most bitcoins are unwilling to buy via BTC and prefer fiat.

Yes, people felt good to use bitcoin similar to fiat until it was given importance as a store of value. As days passed the potential growth made it more as an investment that gains good return on holding. Now as in the above quote people prefer to hold bitcoin rather than spending on stores with bitcoin acceptance. Possibly good sign of growth is being expected with this kind of market acceptance even though it hasn't got lot of customers.

[Ziskinberg]

In my understanding, the main purpose of Bitcoin is for online payment, it's a decentralized payment system with an advantage for the users to enjoy a very cheap transaction fee and instant transaction. That is suppose to be, but for now, it's not happening yet because most people are seeing bitcoin as an investment, hence it resulted to price volatility but these problem will have a solution as the market matured.

[Daboy_Lyle]

Bitcoin nowadays can be used as a payment method especially on online shops. Many people uses bitcoin as a payment because the transactions are smooth and can be payed quicker then fiat currency. In some restaurants here in our country they accept bitcoin as a payment as like as bitcoin atm. Using it as a payment method can save our time and efforts when paying. We can also have a service or have an own shop and accepts bitcoin as a payment.

[poldanmig]

nowadays there are many bitcoin users who benefit, in addition to providing bitcoin benefits it can also be used for easy payment by its users. Because it's easy to pay with bitcoin is very acceptable to the public.

Crypto currency payments may be possible if the crypto currency has been inaugurated by the government as the applicable currency for payments and transactions because in my country crypto currencies are still prohibited by the government for direct transactions but at some time it will be possible

[Robotbitcoin22]

At this current day we can see big development in the acceptance of bitcoin especially in the field of businesses simply because some companies, store and mall start to accept it as a mode of payment. Maybe in the coming future all of us bitcoin to pay all our bills.

Well right now the development is quite good from cryptocurrency, some companies actually make their own coins for their payments. and this is indeed very good for current developments

[Greed Dev]

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.

I don't think the price of BTC should be stable. I think it needs a lot of volatility to increase the attractiveness of businesses' investments. But anyway, investing in BTC will never be loss. why? because the halving event always takes place after 4 years and the price of the BTC soars up a lot.
If BTC is available at this bad time, businesses will have huge profits in the future.

[beami]

Yes, investing in BTC actually provides many benefits besides material matters. Knowledge and insight will be obtained easily and more innovated. One business that has a future is bitcoin payments, so don't doubt the development of bitcoin.

[awik p]

Yes, investing in BTC actually provides many benefits besides material matters. Knowledge and insight will be obtained easily and more innovated. One business that has a future is bitcoin payments, so don't doubt the development of bitcoin.

at this time it may not be maximal bitcoin as a means of payment, because it relates to its legality in every country. but many bitcoiners use it as an investment tool because it is profitable, and we hope that bitcoin will soon be accepted as a means of payment

[markdario112616]

There are already a number of companies that has accepted Bitcoin as payment. Though, This is quite a breakthrough last 2017 or 2018 but despite of this event, There are still some issues in terms of the legality of Bitcoin. Yes, Bitcoin is already known worldwide but not all legally accepts Bitcoin as form a currency or payment. Well again despite of the limitation set by these Laws, Bitcoin (Users of Bitcoin) still managed to move forward and to innovate on it's own. Let's not expect for the rates to stabilize the way we wanted, as it will continuously or forever be in a volatile state.