Acceptance of bitcoin as payment!

[Best Dreams]

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.

Yeah it merchants are using bitcoin as payment so it is sure the receiver will accept it that’s why they are giving, I am good at using bitcoin for paying to buy things, here in my places it is being use even in local stores and internationally now bitcoin for value as source of payment, as it is good and safe way to pay for our needs.

[Oceat]

Bitcoin has been widely used before since it was first being released by Satoshi, and we know where it is most often being used since there are no qualified regulations before it is being used as a payment in the black market due to its anonymity. But today it is being used as a payment for something and can be traded with fiat also and used in gambling too. Look how Bitcoin is being accepted around the world.

[StarofBTC]

Many counties in the world have already started to legalize bitcoin payments. It allows payments to be done internationally without having to worry of any conversions and aside from that its transaction fees are very low compared to credit and debit card purchases. It provides ease of transaction, no taxes on purchases, and lower risks for buyers. It may not be widely-adopted for now but I believe that in the long run more people will become fully-aware and educated of how beneficial Bitcoin is, realize its real value despite volatility, and regulations of Bitcoin in most of the countries will come into place.

We would keep advocating for the adoption of Bitcoin as a payment method but for now it is best used as an investment /trading medium.

I think one of the reasons there’s still difficulty in some countries accepting it as a payment method is because of it high volatility and this cannot be changed. Like you have rightly said at the end of it all, irrespective of its volatility, people would still accept it for its value and would have the understanding that the volatile nature itself has a great role to determining the value.

[samelvis]

The main idea behind bitcoin is a ro create  a decentralized mode of payment and shift the world economy from the rich and make it accessible to even thr poor and middle class. Bitcoin adoption will take time but its gradually happen and sooner before we know it will go mainstream

[Thanasis]

Bitcoin has been widely used before since it was first being released by Satoshi, and we know where it is most often being used since there are no qualified regulations before it is being used as a payment in the black market due to its anonymity. But today it is being used as a payment for something and can be traded with fiat also and used in gambling too. Look how Bitcoin is being accepted around the world.

Didn't reach much adoption yet,we still not reached even 5% of total transactions happening all around the world so there is something wrong with the people who uses bitcoin currency which is that we call bitcoin as investment.

[Dimas99]

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.

That has happened when this country receives crypto currency as a currency that is frozen and the legality of the crypto currency has been recognized by the government as the applicable currency in the future and can be carried out throughout the country.

[dimox]

less people use bitcoin as payment, and many people use bitcoin because it have unstable price that taken the advantages to make money. but, now, many country accept bitcoin as payment, it mean bitcoin trusted as payment. and that service available in store that make easy bitcoiner.
there are two group with different utilization to bitcoin.

[Bonsaiav]

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.

You're right, that's the main reason bitcoin was created, that is as a medium for buying and selling transactions. However, along with the emergence of various bans made by the government, then a smart mindset was born in their minds specifically users and took the initiative to use bitcoin as a trading medium and investment assets.

I agree with you because P2P has been the most ideal and effective way to transact, in this way we will be safe and far from the reach of third parties and without being highlighted by the government. When viewed from the history of the formation of bitcoin prices that are independently fluctuating (only formed by the trust of its users), So, I think the value of bitcoin will not be stable.

[brotherwood12]

yep , the 1st thing why bitcoin made is to make "new" payment method that secure and anonymous , but right now most people just buy it as assets and investment

[LUCKMCFLY]

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.

Now this is the case, in the case of countries with high inflation, much more is applied.

Not only are they used for goods and services, many times in my profession they have offered me bitcoin and altcoins as a means of payment, which I like, because when analyzing the price of bitcoin today it is low compared in some years, which it can be achieved in terms of price.

And people often do not have cash, they prefer the convenience of doing it digitally and with a transaction that is quick and that in a matter of minutes they will have the funds in their wallet.

In some commercial stores where they sell clothes and household items, they also use Bitcoin as a payment option, little by little this culture will become generalized. In fact, the main reason of the whitepaper is to create a totally decentralized economy where governments or third parties can not intervene, and according to many books focused on cryptocurrency, they emphasize that the world economy will be heading little by little towards this trend.

[anggracoin]

Bitcoin is still far from its goal as a payment tool because most people involved in cryptocurrency apply Bitcoin as an investment medium. They prefer to take advantage of the fluctuating nature of Bitcoin rather than using it as a payment tool.

[Pattart]

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.

Yeah we know it, actually what many people want is to use bitcoin like using fiat, can be used in offline or shop around your house. Buy food with bitcoin, electronics, pay bills, and etc. I realize it will take a long process, but I really hope that happens

[Caladonian]

Bitcoin is still far from its goal as a payment tool because most people involved in cryptocurrency apply Bitcoin as an investment medium. They prefer to take advantage of the fluctuating nature of Bitcoin rather than using it as a payment tool.

Correct, the real essence has been forgotten or not even learned by most of those who are playing inside, instead of using it as payment tools
most of investors use this venue to buy an assets and take advantage of this situations, shorting or even those who bought for long term goals
are only aiming for investment benefits and not to completely use the system for future development.

[Moshaid]

The development regarding bitcoin as a mode of payment is quite slow in the outside world apart from those in crypto sector, because in crypto sector bitcoin is one of the most commonly used means of payment to buy other coin. So regarding the mode of payment, bitcoin is fighting to overcome the barrier of such, some merchandise outlet online are now accepting bitcoin as a mode of payment but I think more development needs to be done for those offline and with this institutional investors and governments are the major player to see this happening.

[arpon11]

yep , the 1st thing why bitcoin made is to make "new" payment method that secure and anonymous , but right now most people just buy it as assets and investment

The questions is that can we change that?  It was not primarily establish to serve as a mode of investment and profits but keep third party out of financial transactions!  We the enthusiast has changed that in the mind of ordinary people by advising them to buy and hold and in the long run make good profits from their holding.  I think we can educate people on how to used bitcoin for transactionary purposes and how both the retail and wholesalers can accept bitcoin as a mode of payment on the sites and business premises.

[yvesp110]

Bitcoin is still far from its goal as a payment tool because most people involved in cryptocurrency apply Bitcoin as an investment medium. They prefer to take advantage of the fluctuating nature of Bitcoin rather than using it as a payment tool.

Yes indeed it is good to use it for long term investment but if we need we can use it for long term, fluctuation of bitcoin is good at the moment because it gives us chance to buy at low price and sell high price, but payments are available at stores online and off line payments at market places. I recently have bought some domestic goods for my new home.

[Annalise24]

Although I want to believe that Satoshi created bitcoin for the purpose of making transactions with it as a payment medium.
But definitely not on a large scale .
If it we're to be on a large scale, he could have make available measures to see to it that the volatility of bitcoin is reduced in order to make it even more stable for use as a payment medium.

[Astvile]

It is the aim,to be one of the mainline payments on the world, but that aim is no where near if you are looking into it.Bitcoin has a very very long way to go to achieve this kind of stuff,theres still alot missing to be qualified for it

[reality18]

yep , the 1st thing why bitcoin made is to make "new" payment method that secure and anonymous , but right now most people just buy it as assets and investment

Bitcoin is not used much often for payment of goods and services as it should because of the high volatility nature which is cannot be changed because the price is determined by the cumulative daily trading trend of traders on the market. Some of the governments are not accepting it because of the lack of regulations due to the decentralized nature of Bitcoin. This is why there has been a paradigm shift from the currency aspect to the investment aspect of Bitcoin because the volatility nature has made it more profitable if one holds Bitcoin for some period of time as the price rises.

[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

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?

Its peer to peer transaction and i think its different if we used in merchant. If we want merchant accept bitcoin as payment, i think government regulation needed because merchant must be wont againts law.