Bitcoin's acceptance in the World

[hello_good_sir]

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.

Of course, that's a huge issue with bitcoin, but it also one of the best features of it and it was the reason why Bitcoin was the first ever big and popular crypto-currency. With decentralization, we are able to be given a lot more freedom, at the cost of governments and companies not really showcasing a lot of interest in those features.

Not sure if anyone has seen the news recently, but there has been a lot of new stablecoins that have been getting attention, they are easily to regulate and manage and I do think in the coming years we'll see a lot more adoption around that end and almost seen bitcoin being left behind by governments.

How we manage this will be a huge question now.

[maydna]

The volatility will not make people are a worry. It will not stop people from investing in bitcoin because they know that the volatility is part of the price itself. The company will think that, and they will have another solution to prevent volatility. They can accept the other coins. For example, they can accept stable coins like usdt, usdc, and else. I am sure when bitcoin already accepted in all countries, there will be a solution to solve the volatility matter. But to see bitcoin acceptance in all countries, it will need time, and it needs approval too from every government.

[Murat]

If you want to make Bitcoin as a payment tool around the world then you have to ensure the volatility of this platform, Due to huge volatility, most of the people feel comfortable holding Bitcoin rather than send or spend it. because they know the price may rise or fall, so the calculation is simple, also you have to create a proper regulation and a set of policies, if then people, as well as the merchant, will get interested to be involved in this platform and Bitcoin will be a common platform for the purpose of payment. also, you need to ensure more and more adoption of Bitcoin around the people, I think it's not any difficult task to create this scenario around the whole world.

[Prateek_sharma]

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 Popularity of bitcoin has been increasing day by day from small businesses to big companies started accepting bitcoin as a payment.

[ardentvolcanoes]

The volatility will not make people are a worry. It will not stop people from investing in bitcoin because they know that the volatility is part of the price itself. The company will think that, and they will have another solution to prevent volatility. They can accept the other coins. For example, they can accept stable coins like usdt, usdc, and else. I am sure when bitcoin already accepted in all countries, there will be a solution to solve the volatility matter. But to see bitcoin acceptance in all countries, it will need time, and it needs approval too from every government.

Approval from government will be the turning point making bitcoin being accepted all over the world. We just seen small numbers in terms of full adoptions but the fact that it's already being exist, implementations can happen if government will begin to consider this system.

Looking forward, Bitcoin will exist and be an alternative to existing fiat.

[Astvile]

If you want to make Bitcoin as a payment tool around the world then you have to ensure the volatility of this platform, Due to huge volatility, most of the people feel comfortable holding Bitcoin rather than send or spend it. because they know the price may rise or fall, so the calculation is simple, also you have to create a proper regulation and a set of policies, if then people, as well as the merchant, will get interested to be involved in this platform and Bitcoin will be a common platform for the purpose of payment. also, you need to ensure more and more adoption of Bitcoin around the people, I think it's not any difficult task to create this scenario around the whole world.

Volatility can be one of many problems/factors on why we can't see a huge adoption of bitcoin. The government is the one who is against that. They know how bitcoin and the whole cryptocurrency world can be the next mainstream mode of payment and the most preffered of their people because of the convinience that crypto can give to them.

[BlackFor3st]

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.

Yes your right in other instances but what if they receive the payment in bitcoin then the bitcoin price increase to 10% in just one day? Do you think the company will lost it's profit if the situation will be like this?

There are many companies already that started to accept crypto currencies as payment option because they know how to play with the market. If the market will goes down, they will just hold it and once the price will goes up then that is the right time for them to sell. So it's about adoption on how you are going to adapt the market condition and be positive instead of negative thinking's.

[gandame]

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 been hard to accept bitcoin as mode of payment in one company because bitcoin have no stable price. Like now for example you buy product using bitcoin then after ward bitcoin price will go down so the company is getting broke because once bitcoin price will down the the effect is going to company.

[Genemind]

Bitcoin's volatility has its advantage as well. If such payment is done and the price of Bitcoin strikes high, there will be a profit to be gained. Also, Bitcoin provides a faster and convenient transaction which is its edge to any currency. If there will be a massive adoption, the price of Bitcoin will get better as well. We shouldn't see its volatility as a negative thing because it could be an advantage at the same time.

[palle11]

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.

You have only talked about one side and you didn't balance the scenario. Bitcoin is not one sided. It gives as it takes, which now depends on what you want.
What about in a hypothetical case (which also in certain case happens), that the payment comes in and the price doubles in 20%? The company will be in more profit right ?

[Hypnosis00]

Bitcoin's volatility has its advantage as well. If such payment is done and the price of Bitcoin strikes high, there will be a profit to be gained. Also, Bitcoin provides a faster and convenient transaction which is its edge to any currency. If there will be a massive adoption, the price of Bitcoin will get better as well. We shouldn't see its volatility as a negative thing because it could be an advantage at the same time.

For some instances that volatility makes loses but most of all it helps people/traders to gain. They'll take advantage of what the market be like and able to adopt such change which I supposed those people who haven't been successful in trading had never understood the way it was. Bitcoin's gains its popularity because of this and that attraction meant so good for we all get into crypto adoption.

[Peashooter]

There is a major issue which is becoming resistance in the way of Bitcoin to be accepted globally and it is its "Volatility".

Volatility of the bitcoin and the other coins are the resistance or hindrance why the government nor the global are accepting it and legalizing bitcoin and crypto, if they regulate or accept this bitcoin the world bank will be loss and the people will suffer from a volatility digital money that they may dump so hard. That is one of the hindrance why bitcoin cant regulate globally, but its volatility is the one why also many people are entering in the crypto or investing in crypto because they believe that their money will grow harder or so much high.

[Darooghe]

It's right that volatility makes some bitcoin holders worried, and creates resistance in the way of Bitcoin to be accepted globally, but there is an interesting side to bitcoin compared to stable fiat, because trading with the nature of volatility opens up opportunities for large profits, hence it is actually volatility that help Bitcoin gains the attention of the many because with this feature they can actually find good strategies to make money or profits.

Furthermore, volatility is inevitable during growth. There are bitcoin periods where volatility is low, but this is rarely the case. In my opinion if Bitcoin is already widespread later, many people start holding Bitcoin, and consider it as a technology (not an investment tool), the price of Bitcoin will even decrease its volatility and will move substantially.

[JC btc]

There is a major issue which is becoming resistance in the way of Bitcoin to be accepted globally and it is its "Volatility".

Volatility of the bitcoin and the other coins are the resistance or hindrance why the government nor the global are accepting it and legalizing bitcoin and crypto, if they regulate or accept this bitcoin the world bank will be loss and the people will suffer from a volatility digital money that they may dump so hard. That is one of the hindrance why bitcoin cant regulate globally, but its volatility is the one why also many people are entering in the crypto or investing in crypto because they believe that their money will grow harder or so much high.

Nowadays, there were still lots of countries and people who doesn't want to evolve in the era of digital currency, they still don't believe in it and this people are famous enough that there are lots of people who believe in them and follow whatever they are saying.

[qwertyup23]

Most people prefer Bitcoin as a store of value rather than a medium of exchange.
Now, If you're talking about the downside of Bitcoin as a mean of currency to purchase to a specific merchant because of its volatile nature, then probably you dont need to overthink about it since there were already tons of merchants who accepts Bitcoin as a mode of payment.
Merchants wont necessarily keep the currency in Bitcoin form, ofcourse they can opt to exchange It to their local fiat currency or hold inside their wallet.

I would agree on this. Basically, people invest in bitcoin due to its high-volatility and as a means of store-of-value either for short/long-term investment. Currently, bitcoin has been accepted by some countries as an alternative payment for their products/services because like what I mentioned, people took an interest on it as an investment.

Unfortunately, the acceptance of bitcoin stems from its very own nature being decentralized- which its transactions cannot be easily traced. Some used this as the main medium under the dark web in purchasing illegal products or services for their own means.

[SummerBliss]

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.

See btc volatility is key feature of bitcoin that have been in the market from the years and it will be adopted by only those companies who knows it working and use.The company can profit when the prices pump which is beneficial for them or if they don't want to loose they can set up a certain fixed amount which has to be paid in btc in respect to fiat or local currency.Volatility is not much bigger issue but soon companies will accept it as mode of payment.

[Aying]

There is a major issue which is becoming resistance in the way of Bitcoin to be accepted globally and it is its "Volatility".

Volatility of the bitcoin and the other coins are the resistance or hindrance why the government nor the global are accepting it and legalizing bitcoin and crypto, if they regulate or accept this bitcoin the world bank will be loss and the people will suffer from a volatility digital money that they may dump so hard. That is one of the hindrance why bitcoin cant regulate globally, but its volatility is the one why also many people are entering in the crypto or investing in crypto because they believe that their money will grow harder or so much high.

Nowadays, there were still lots of countries and people who doesn't want to evolve in the era of digital currency, they still don't believe in it and this people are famous enough that there are lots of people who believe in them and follow whatever they are saying.

I think those country who did not support crypto is those country with no ability to spread digital currency because some of other countries are so poor even high technology they can't support and they don't want other country help them because those country have their aim to control it. so with that, its enable or hard to propagated crypto. for other user this reason might be acceptable?

[Ashong Salonga]

Many countries are looking forward for bitcoin; since bitcoin is higher than any coins, it becomes popular in a good way. On the other hand, there are countries that do not accept it due to government itself. And worst, they are banning it because they are not the ones who handle it.

[Meowth05]

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.

[Eclipse26]

I don't think it's the volatility. They just make it look like they don't want bitcoin because of its volatility but for me, no. Even if bitcoin would achieve acceptance by the government around the world, those who just want to invest in bitcoin will invest. Although I'm seeing your point, companies won't just accept bitcoin as payment if they're not well-aware of it. Of course, before doing it, they'll study and discuss how are they going to make it possible without risking most of their profits. Business is already a risk if they're willing to invest in it or not. Just like how businessmen invest in a certain company because they see the potential of it growing. It's somehow the same with investing in bitcoin (the difference is the level of risk).