Bitcoin's acceptance in the World

[Eugenar]

I might suggest that this topic will contribute to why more people will be engaging crypto for the next few months.

here: https://bitcointalk.org/index.php?topic=5199202.0

Upon the freedom of mining facilities, bitcoin acceptance will be huge as we can assure profits by miners that will enable smooth transactions of our favorite cryptocurrency. China will have a massive contribution plus its massive population in order for us to expect huge ROI as well as better acceptance of cryptocurrency. If other countries will do the same thing with China, the competition will make the demand for bitcoin even higher and I can see, this scenario will induce cryptos massive adoption.

[1715051580]

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[1715051580]

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[Capt00]

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

That's true, it seems that bitcoin is most widely use online since a lot accepts payment through bitcoin online and bitcoiners also use it to do exchanges from one person to another and I think it will continue to be in the future and I believe it is just a matter of time until a point where majority of the people are using bitcoin.

[wxxyrqa]

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

That's true, it seems that bitcoin is most widely use online since a lot accepts payment through bitcoin online and bitcoiners also use it to do exchanges from one person to another and I think it will continue to be in the future and I believe it is just a matter of time until a point where majority of the people are using bitcoin.

To date, there has been a lot of information that large international companies were interested in Bitcoin, which could positively influence not only the future of Bitcoin, but also the development of the entire cryptocurrency market.  Nevertheless, Bitcoin cannot satisfy all the requirements due to problems with transaction speed and unstable price.

[panganib999]

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.

Bitcoins volatility could be lessen and is controllable with the help of massive adoption. If there will be lots of users. There are theory that suggests that the volatility if bitcoin could drop if there would be an increase in business and customer usage. The reason of the latter is, the sensitivity of the exchange rate is being lessen by tge usage of payment creating an estimation that there's a large welfare loss of 1.4% of consumption that the current Bitcoin scheme generates. It could be lessen substantially to 0.08% by adopting an optimal design reducing mining and just focuses exclusively on money growth.

[ice098]

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

That's true, it seems that bitcoin is most widely use online since a lot accepts payment through bitcoin online and bitcoiners also use it to do exchanges from one person to another and I think it will continue to be in the future and I believe it is just a matter of time until a point where majority of the people are using bitcoin.

Bitcoin will soon be accept in many countries, it is started in asia I think, more and more people in Asia already make bitcoin as one of the payment for every purchase they are doing. Many traders I think are in Asia, specially in southeast and in India. There will be a time that the whole world will soon accepts it they just observing other countries so that they can do necessary move once they are in that situation also.

[kawetsriyanto]

Bitcoin will soon be accept in many countries, it is started in asia I think, more and more people in Asia already make bitcoin as one of the payment for every purchase they are doing.

I am not really sure if it will be soon but I agree that many countries in Asia seem to consider accepting Bitcoin. My country is one of the countries that still don't accept Bitcoin for a national payment instrument, so Bitcoin is still used for a digital asset only. The laws in our country only validate Rupiah as a national currency [national payment instrument]. So, it is prohibited to use Bitcoin for purchasing goods in my country.