Bitcoin's acceptance in the World

[mersal]

There is a major issue which is becoming resistance in the way of Bitcoin to be accepted globally and it is its "Volatility".
In the near past we have seen Bitcoin dropping more than 15% in a matter of 3-4 hours. And there are a number of cases in the past like this.

This property is too much dangerous for any entity which is holding Bitcoin. If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.

Scenarios where gross profit margins of the companies are less, this property makes nearly impossible to accept payments in Bitcoin. If volatility of bitcoin is decreased in the future, it would be  a major step ahead.

Its acceptable fact that volatility is the only reason stopping companies to accept it as payment but the volatility comes from where? Only from the users so when we switch to bitcoin payment and not for trading then companies also will change due to less volatility.

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[teosanru]

There is a major issue which is becoming resistance in the way of Bitcoin to be accepted globally and it is its "Volatility".
In the near past we have seen Bitcoin dropping more than 15% in a matter of 3-4 hours. And there are a number of cases in the past like this.

This property is too much dangerous for any entity which is holding Bitcoin. If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.

Scenarios where gross profit margins of the companies are less, this property makes nearly impossible to accept payments in Bitcoin. If volatility of bitcoin is decreased in the future, it would be  a major step ahead.

This actually is a major problem because we just saw today that how sharply prices of btc can fall and hike. I think volatility is a problem which really restrains people from investing in bitcoin making them think it's highly risky. I think there is a high probability that volatility problem would go down if there is an increase in adoption because individual manipulation will stop. Which could make it a better tool for investment.

[TriplexXx]

There is a major issue which is becoming resistance in the way of Bitcoin to be accepted globally and it is its "Volatility".
In the near past we have seen Bitcoin dropping more than 15% in a matter of 3-4 hours. And there are a number of cases in the past like this.

This property is too much dangerous for any entity which is holding Bitcoin. If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.

Scenarios where gross profit margins of the companies are less, this property makes nearly impossible to accept payments in Bitcoin. If volatility of bitcoin is decreased in the future, it would be  a major step ahead.

Well, you have a point but there's also a chance that they would get a huge profit if bitcoin pumps hence perhaps this is a matter of risk I'd say. In my opinion, Bitcoin is not really good at the payment for products/services due to volatility, on the other hand, this factor could really good for investment purposes. perhaps Bitcoin will be a good use for the daily transactions if its price would be stable somehow which is vague to happen.

Bitcoin having a stable price might be too impossible for now since volatility is there already from the first place. If the government decides to accept bitcoin as a global currency then maybe they have done their studies about it and realized in the end that bitcoin has great potentials that can contribute much on the people's welfare. And by that time, volatility won't be a big issue already.

For bitcoin to get worldwide acceptance the regulations must be implemented to tackle the price volatility. Without dealing with the bitcoin price volatility I don't think the bitcoin can get worldwide acceptance anytime soon. The governments won't allow lots of bitcoin businesses without regulations.  

[whyrqa]

One way or another, today Bitcoin is valued primarily for its volatility, because traders and speculators get a good income due to price fluctuations.  Few people are interested in using Bitcoin as a means of payment, but nevertheless, to achieve these goals, you really need to have more stable prices for Bitcoin.  The stability of Bitcoin will depend primarily on the increased interest of investors in this coin.  But until the scalability problem is resolved, large investors will not enter the Bitcoin market and the prospects as a means of payment look too vague.

[migws]

There is a major issue which is becoming resistance in the way of Bitcoin to be accepted globally and it is its "Volatility".
In the near past we have seen Bitcoin dropping more than 15% in a matter of 3-4 hours. And there are a number of cases in the past like this.

This property is too much dangerous for any entity which is holding Bitcoin. If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.

Scenarios where gross profit margins of the companies are less, this property makes nearly impossible to accept payments in Bitcoin. If volatility of bitcoin is decreased in the future, it would be  a major step ahead.

The volatility will unlikely to become lower. Moreover, do not forget about the possible manipulation of Bitcoins by whales. However, I see that the acceptance is progressing now despite the volatility thats why I believe Bitcoin will be the winner sometime

[dimox]

thats why people prefer to pay with cash rather than bitcoin.
butsome store or whatever provide bitcoin payment because they know or sure if bitcoin price will rise later. and it can be their investment, gaining bitcoin without any obstacle and it have risk and profit for the provider.

[Flor1982]

The disadvantage of accepting Bitcoin as payment will trully a risk for the business owners if the Bitcoin market value falls down but i think they already know this kind of disadvantage before partnering with Bitcoin as the merchants numbers keep on growing in the whole world because maybe they only see the huge advantages of Bitcoin price rising up but not the disadvantage of having the price will go down.

[dothebeats]

Volatility has always been this double-edged sword affecting bitcoin in all fronts. It has always helped bitcoin reach peaks that were considered impossible and helped bitcoin anchor its name in the global economic scene. Also, volatility equates bitcoin as something that’s not exclusively deflationary, which promotes spending at times and not only hoarding which is bad in the long run.

[Upgate]

If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.

Don't just see it in a one sided view if cryptocurrency lose 10percent then it's a lose for the company but don't forget if bitcoin gain 10 percent then it's a gain for the company also.
And the company should be aware of that already before asking for payment in bitcoin

[Oneandpure]

There is a major issue which is becoming resistance in the way of Bitcoin to be accepted globally and it is its "Volatility".
In the near past we have seen Bitcoin dropping more than 15% in a matter of 3-4 hours. And there are a number of cases in the past like this.

This property is too much dangerous for any entity which is holding Bitcoin. If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.

Scenarios where gross profit margins of the companies are less, this property makes nearly impossible to accept payments in Bitcoin. If volatility of bitcoin is decreased in the future, it would be  a major step ahead.

Many issues make bitcoin terrible for every transaction payment and give bad issues as bitcoin bad using for transaction by many country want to make bitcoin have bad reputation from new investor, they will keep USD and cash money still have value if bitcoin have many investor almost people want to move their money saving in the bank become bitcoin or altcoin assets.

[jets567]

Nowadays Bitcoin can be easily converted to fiat currency using a third-party services so I don't think it will be a big problem for a company who accept Bitcoin as payment, they should know the risk of using Bitcoin because being extremely volatile is one of its distinct characteristics. It may not be good for a company's perspective but its a whole different story for a trader because they considered Bitcoin's volatility as a good thing.

[wxxyrqa]

The disadvantage of accepting Bitcoin as payment will trully a risk for the business owners if the Bitcoin market value falls down but i think they already know this kind of disadvantage before partnering with Bitcoin as the merchants numbers keep on growing in the whole world because maybe they only see the huge advantages of Bitcoin price rising up but not the disadvantage of having the price will go down.

Maybe I'm naive, but for some reason it seems to me that over time, cryptocurrency users will stop treating Bitcoin as an asset that makes profits for speculators and traders due to their volatility.  If in the future we improve the scalability of Bitcoin and interest users in using Bitcoin as a profitable means of payment, then its price will not only increase, but also stabilize.  But for the legal daily use of Bitcoin by each person, you must have the appropriate laws.  We must accept and acknowledge the fact that cryptocurrency will only work if it is legalized, and legalization will happen only after regulators and controlling structures take control of the cryptocurrency market.

[yohananaomi]

If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.

Don't just see it in a one sided view if cryptocurrency lose 10percent then it's a lose for the company but don't forget if bitcoin gain 10 percent then it's a gain for the company also.
And the company should be aware of that already before asking for payment in bitcoin

all transactions made with bitcoin will always have an indirect impact. because we must know that bitcoin is not static, bitcoin moves quickly up and down and obviously will have a direct impact on the movement.
This is a risk that must be borne when using a bitcoin transaction. can be beneficial and can also be detrimental, all depends on the bitcoin movement.

[angrybirdy]

If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.

Don't just see it in a one sided view if cryptocurrency lose 10percent then it's a lose for the company but don't forget if bitcoin gain 10 percent then it's a gain for the company also.
And the company should be aware of that already before asking for payment in bitcoin

all transactions made with bitcoin will always have an indirect impact. because we must know that bitcoin is not static, bitcoin moves quickly up and down and obviously will have a direct impact on the movement.
This is a risk that must be borne when using a bitcoin transaction. can be beneficial and can also be detrimental, all depends on the bitcoin movement.

It's like a double edge sword, they can earn or have losses.
If we can estimate like 10% of loss of earnings, it highly affects the company and it can result in both bad and good impact.
Both consumers and producers will be affected in terms of having an equal transaction.

[Eugenar]

There is a major issue which is becoming resistance in the way of Bitcoin to be accepted globally and it is its "Volatility".
In the near past we have seen Bitcoin dropping more than 15% in a matter of 3-4 hours. And there are a number of cases in the past like this.

This property is too much dangerous for any entity which is holding Bitcoin. If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.

Scenarios where gross profit margins of the companies are less, this property makes nearly impossible to accept payments in Bitcoin. If volatility of bitcoin is decreased in the future, it would be  a major step ahead.

In my opinion, it would be better that bitcoin will stay in having a high volatility in the market. Since it is the characteristic that no other Financial assets have. We, and investors somehow want the massive volume change in a short period of time as we can have huge profits from it.

[Fappanu]

Bitcoin payment can still happen, but it still depends on the company as they can either be bankrupt or profitable. As some of our members here said in the forum, we can convert accepted payments to USD immediately. To avoid price volitile. And that way we can now accept the payment of bitcoin in our stores. Because we don't do this we can be led by big companies that accept bitcoin, And here they will have a lot of costomers because many use bitcoin.

[Wysi]

There is a major issue which is becoming resistance in the way of Bitcoin to be accepted globally and it is its "Volatility".
In the near past we have seen Bitcoin dropping more than 15% in a matter of 3-4 hours. And there are a number of cases in the past like this.

This property is too much dangerous for any entity which is holding Bitcoin. If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.

Scenarios where gross profit margins of the companies are less, this property makes nearly impossible to accept payments in Bitcoin. If volatility of bitcoin is decreased in the future, it would be  a major step ahead.

In my opinion, it would be better that bitcoin will stay in having a high volatility in the market. Since it is the characteristic that no other Financial assets have. We, and investors somehow want the massive volume change in a short period of time as we can have huge profits from it.

Actually some big investors are turing tide their way by fluctuating the price using the huge volume of bitcoin they hold and yes volatility will always stay but what we have seen in last one year or so is something which is clear evidence that bitcoin is controlled. Bitcoin will always remain superior to other coins as far as it's characteristics of bouncing back but other altcoins have better features nowadays.

[JC btc]

Bitcoin payment can still happen, but it still depends on the company as they can either be bankrupt or profitable. As some of our members here said in the forum, we can convert accepted payments to USD immediately. To avoid price volitile. And that way we can now accept the payment of bitcoin in our stores. Because we don't do this we can be led by big companies that accept bitcoin, And here they will have a lot of costomers because many use bitcoin.

The integration of Bitcoin and cryptocurrency is quite fast, over the past 2 years we have seen great results. The only thing that many operators and potential customers do not like is the price of Bitcoin, its volatility!

Actually yes, Bitcoin phasing is really fast, we even have 2 Bitcoin ATMs here in our country and they are still trying to put up in some place where there are many users. Also, Venezuela has also have Bitcoin ATM in their country and adopting Bitcoin to be used in their country.
 

[jakoylantern]

For me, yes, bitcoin's acceptance is now massive compared to its last five years. More and more countries are now seeing the factor that bitcoin is not an enormous threat to there economy, but they mostly make some regulations to those companies, establishment, etc. that will accept bitcoin as payment. As what I see here in my country because bitcoin is almost legal, it still has a pros and cons. By the way, I get the pros and cons part.

[deviant99]

Bitcoin is unexpectedly becoming a recognized payment method.There are loads of different places or websites that will accept payments in Bitcoin and if this continues people will recognize it be accepted but it still depends on the government