Acceptance of bitcoin as payment!

[Yusuf77]

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.

with the news that you submit it is a very good and advanced development but in my country the crypto currency cannot be used directly because of that transaction to make payments cannot yet occur because of the ban

[lienfaye]

Lets just admit that majority of people are engaging themselves in bitcoin because of the fact its a good investment, the opportunity to earn is the reason why we take advantage the high volatility of its price.

We cant coerce the investors to use it as a means of payment for goods or services because we have our own way of thinking and we have our own will what do we want to do with our bitcoin.

We might not in the right path of how bitcoin is created but that's how it is, its up to us how we're going to use or spend it.

[Ucy]

It was designed to be used for buying, selling and investment (holding or saving) purposes. I don't see why it should not be used for both purposes.
Did the recent stability increase the adoption/usage of Bitcoin for buying and selling?
I guess there are good reasons why the deflation is allowed in the first place.

[akram143]

To make the payment of Bitcoin is possible in all field it needs support from the both side like buyer and the seller also need to accepted as a legal currency to buy and sell if it possible making the Bitcoin for payment we will be more easier and also the online shopping will definitely need to accept Bitcoin as a payment way it will be the first step for getting more stronger payment.

[whirlcoin]

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.

yes it needed to accept legally in every place for making the payments and it also had some benefits with it if we had to make the Bitcoin as a payment then the economy also been developed with the development of the payment method so I think it will be acceptable one

[andika2018]

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.

yes it needed to accept legally in every place for making the payments and it also had some benefits with it if we had to make the Bitcoin as a payment then the economy also been developed with the development of the payment method so I think it will be acceptable one

Bitcoin will accept in any place and any merchant and the obstacle is on government regulation. Many country ban bitcoin if used as currency in merchant because afraid if used for money laundering. Beside that, internet infrastructure important if want to mass adoption

[gowobonyok]

it is the most awaited thing for everyone, especially bitcoin users around the world. imagine being able to buy food, drinks, and cigarettes using bitcoin in a simple way is the most awaited.

[jrrsparkles]

It was designed to be used for buying, selling and investment (holding or saving) purposes. I don't see why it should not be used for both purposes.
Did the recent stability increase the adoption/usage of Bitcoin for buying and selling?
I guess there are good reasons why the deflation is allowed in the first place.

I don't think Satoshi designed bitcoin for holding purpose,the main reason why he invented bitcoin is for making transactions on our own without third party between the sender and receiver so it not meant for saving hope,but it is decentralized so no chance for inflation so we can hold it as well if we want but it is risky though.

[ricardobs]

Agree that they are companies or retailers online that accept bitcoin as payment or any crypto at all. This should represent future in all aspect of money trade and transfer, but from some point it will take look of time for this to be a reality. Every country have reserves of cash that are back up with gold, and many dont see crypto as reliable asset to invest cuz its not constant in price, or more they cannot control it at all.

Bitcoins will hardly be considered as a liable asset because the governments from most of the countries are running behind banning bitcoins and all related altcoins. Bitcoins are used online onto various exchanges, websites, etc which keeps them a bit away from centralized currencies.

The day bitcoins will expect to rule the globe, the centralized systems have to stand on their knees in front of bitcoins and it won’t happen that easily. Bitcoins do not posses the qualities of a liable asset unlike gold, etc.

[Dessy88]

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.

it is an advantage that is obtained by using crypto currencies and maybe crypto currencies are created to keep up with the development of the economy by using the development of time and technology

[ricardobs]

Crypto isn't just fully established and yet it still on the developing stage.  Since we are still on the process of legalization, we don't expect for its fully acceptance as a mode of payment. It takes times to have that, maybe a year's but we do hope that people will oversee bitcoin as another form of currency and not just for investment.

Maybe just a year won’t be enough for bitcoins to establish their legalization. Bitcoins were been launched in the late 2009 which now makes them 10 years old but yet we may call them in the developing stage as even not all of the bitcoins are been mined until now. There is time yet for bitcoins to get fully developed and perhaps after they are fully developed, they might be legalised and then we can use bitcoins in nearly each purchase.

[Fabienne_ayy]

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.

Stable BTC? sounds terrible.. you mean stable like 'stable coin'?

[Janation]

it is the most awaited thing for everyone, especially bitcoin users around the world. imagine being able to buy food, drinks, and cigarettes using bitcoin in a simple way is the most awaited.

If that will happen now, I guess it will be really bad.

I am not saying that I am not looking forward to it but the idea of paying or buying food, drinks, and cigarette or maybe a chewing gum then paying for the fee of using or transacting Bitcoin, that is really bad. Why would you use Bitcoin just to pay those, you will spend more than paying in fiat with some spare change. If that will happen, they should remove the transaction fees that are really impossible to happen.

[AppliedOptimal]

I hate that this is happening. Chess.com used to accept bitcoin, after they stopped doing that, they have now started accepting bitcoin cast. I am not sure who convinced them, but that is just bad.

[boyz97]

I hate that this is happening. Chess.com used to accept bitcoin, after they stopped doing that, they have now started accepting bitcoin cast. I am not sure who convinced them, but that is just bad.

why its bad , is it good for bitcoin adoption.if more merchants start accepting bitcoin as their payment i am sure i will create new demand and effected on bitcoin price.

[pungopete468]

I hate that this is happening. Chess.com used to accept bitcoin, after they stopped doing that, they have now started accepting bitcoin cast. I am not sure who convinced them, but that is just bad.

why its bad , is it good for bitcoin adoption.if more merchants start accepting bitcoin as their payment i am sure i will create new demand and effected on bitcoin price.

Actually this will be the choice of people whether they are interested or not to make the investment because until now it is also not a problem and the risk is indeed large and the price of the value of bitcoin that occurs at any time

[rika0223]

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.

in general and by using the times and crypto currency technology was created to facilitate its use but all that must be with the legality of the government in my country direct transactions with crypto currencies are prohibited by the government

[Wellyan]

nowadays it is very good for some people to have bitcoin to be used as investments or they trade, bitcoi is not yet fully used as a currency for global financial transactions, because of the constraints of regulations in each country. but the development of bitcoin is getting better. although difficult this will be the beginning of bitcoin becoming a global currency that can be accepted by all humanity in the universe

it may still require a process and a long enough time to make crypto currencies will become more developed and it is true that the development of crypto currencies depends on the legality of the government that can make all payment transactions possible

[Lpim01]

nowadays it is very good for some people to have bitcoin to be used as investments or they trade, bitcoi is not yet fully used as a currency for global financial transactions, because of the constraints of regulations in each country. but the development of bitcoin is getting better. although difficult this will be the beginning of bitcoin becoming a global currency that can be accepted by all humanity in the universe

it may still require a process and a long enough time to make crypto currencies will become more developed and it is true that the development of crypto currencies depends on the legality of the government that can make all payment transactions possible

We should have to wait for the right timing, cause we want to make it right. Crypto isn't fully recognized globally and yet, there are some places were crypto is still not known for them.
But the good thing happen with is that,  some companies where accepting this as a mode of payment and some countries never restrict using this one. This is one way to make others follow crypto development and it's acceptance.

[Kevin77]

The other day I read on reddit that some dude was capable of sending and receiving money with %1.5 total to his friend in another state of usa (he was also in usa state) but it cost him 3.5% total on commissions to get bitcoin and send him money.

We all love to talk about how cheap the adoption should be and how people are getting ripped off by master and visa cards and so forth but we forget one eternal truth, financial world is greedy and even tiny 0.1% of something that brings in billions of dollars is big.

If you have 5 dollars and want to send it to your friend you can do it without bitcoin quite cheaply right now, it costs a bit but nothing major, same goes for anything like 100 dollars or so. It is a challenge when its worldwide tough, so from one country to another its a deal breaker. Nevertheless, when it comes to bitcoin you need to first have a bank account, send your dollars to your bank, from bank to say coinbase than from coinbase you change it to bitcoin than you send that bitcoin to someone else, all combine costs a lot.