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Author Topic: Still think bitcoin is coming to an end? Then you must read this <3  (Read 605 times)
Flexystar (OP)
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November 20, 2022, 06:32:15 PM
Merited by The Cryptovator (5), OgNasty (1), Lucius (1), DdmrDdmr (1), so98nn (1), yhiaali3 (1)
 #1

Lately, there seems lot of fearful reactions from the people about Bitcoin and how it could come to an end considering the current bear market. Literally media is taking it too seriously and showing the bitcoin as villain of the movie that too without any facts.
If to date, any media really wants to understand in which direction the bitcoin is moving then they should really travel the world and understand how bitcoin is getting "percolated" in the world's tiniest systems and flourishing everywhere.

"My sole point of creating this thread is to send out positive vibe amongst the forum members, not to worry about the market situation because the picture is far bigger than what we think."

Starting with, Who accepts bitcoin? we can actually see the bitcoin's real use case and how it is already on the market just like other assets/currencies.

Major Companies:

  • Wikipedia
  • Microsoft
  • AT&T
  • Burger King
  • KFC
  • OverStock
  • Subway
  • Twitch
  • Pizza Hut
  • Miami Dolhpins
  • Dallas Mavericks
  • Virgin Gallactic
  • Norvegian Air
  • Namecheap
  • Cheap Air
  • Gyft
  • New Egg
  • The Internet Archive
  • The Private Bay
  • 4 Chan
  • Mega nz
  • Benfica
  • Quiznos
  • AMC



Small & Medium Businesses that accept the Bitcoins


  • Alza – Largest Czech online retailer
  • Alternative Airlines – A flight-search website that offers ways to book flights
    using a range of cryptocurrencies.
  • Bitcoin.Travel – a travel site that provides accommodation, apartments,
    attractions, etc.
  • Travala – Travala.com is the largest cryptocurrency-friendly OTA in the world.
    Binance, the popular crypto exchange.
  • Pembury Tavern – A pub in London, England
  • Zynga – Mobile gaming
  • EZTV – Torrents TV shows provider
  • Lumfile – Free cloud base file server – pay for premium services
  • Etsy Vendors – 93 of them
  • PizzaForCoins.com – Domino’s Pizza signed up – pay for their pizza with bitcoins
  • Bitcoincoffee.com – Buy your favorite coffee online
  • Grass Hill Alpacas – A local farm in Haydenville, MA
  • Jeffersons Store – A streetwear clothing store in Bergenfield, N.J
  • Helen’s Pizza – Jersey City, N.J., you can get a slice of pizza for bitcoin.
  • A Class Limousine – Pick you up and drop you off at Newark (N.J.) Airport
  • Seoclerks.com – Get SEO work done on your site cheap
  • Fancy.com – Discover amazing stuff, collect the things you love, buy it all in one
    place
  • Humblebundle.com – Indie game site
  • BigFishGames.com – Games for PC, Mac, and Smartphones (iPhone, Android,
    Windows)
  • Suntimes.com – Chicago based online newspaper
  • San Jose Earthquakes – San Jose California Professional Soccer Team (MLS)
  • Crowdtilt.com – The fastest and easiest way to pool funds with family and friends
  • Lumfile – Server company that offers free cloud-based servers
  • Museum of the Coastal Bend – 2200 East Red River
    Street, Victoria, Texas 77901, USA
  • Gap, GameStop and JC Penney – have to use eGifter.com
  • Fight for the Future – Leading organization finding for Internet freedom
  • i-Pmart (ipmart.com.my) – A Malaysian online mobile phone and electronic parts
    retailer
  • Curryupnow.com – A total of 12 restaurants on the list of restaurants accept
    bitcoins in San Francisco
  • Dish Network – An American direct-broadcast satellite service provider
  • The Libertarian Party – United States political party
  • Yacht-base.com – Croatian yacht charter company
  • Euro Pacific – A major precious metal dealer
  • CEX – The trade-in chain has a shop in Glasgow, Scotland that accepts bitcoin
  • PSP Mollie – Dutch Payment Service
  • Intuit – an American software company that develops financial and tax
    preparation software.
  • ShopJoy – An Australian online retailer that sells novelty and unique gifts
  • Lv.net – Las Vegas high-speed internet services
  • Grooveshark – Online music streaming service based in the United States
  • MIT Coop Store – Massachusetts Institute of Technology student bookstore
  • SimplePay – Nigeria’s most popular web and mobile-based wallet service
  • SFU bookstore – Simon Fraser University in Vancouver, Canada
  • State Republican Party – First State Republican Party to accept bitcoin donations
  • mspinc.com – Respiratory medical equipment supplies store
  • Shopify.com – An online store that allows anyone to sell their products
  • Famsa – Mexico’s biggest retailer
  • Naughty America – Adult entertainment provider
  • Mexico’s Universidad de las Américas Puebla – A major university in Mexico
  • MovieTickets.com – Online movie ticket exchange/retailer
  • Dream Lover – Online relationship service
  • Rakuten – A Japanese e-commerce giant
  • Badoo – Online dating network
  • RE/MAX London – UK-based franchisee of the global real estate network
  • T-Mobile Poland – T-Mobile’s Poland-based mobile phone top-up company
  • Stripe – San Francisco-based payments company
  • WebJet – Online travel agency
  • Green Man Gaming – Popular digital game reseller
  • Save the Children – Global charity organization
  • NCR Silver – Point of sales systems
  • One Shot Hotels – Spanish hotel chain
  • Coupa Café in Palo Alto
  • PureVPN – VPN provider
  • That’s my face – create action figures
  • Foodler – North American restaurant delivery company
  • Amagi Metals – Precious metal furnisher


Cities & Countries with interest (but not limited to . . )
So I came across one article from investopedia, where they have mentioned how bitcoin is getting from door to door, from city to city and we are able to see its physical presence whether via ATM's or Merchants accepting the same.



  • San Francisco - There are 437 bitcoin ATMs in the Bay Area, including 65 in the city of San Francisco itself
  • Vancouver - the world's first bitcoin ATM began operations at Waves Coffee House on October 29, 2013, in downtown Vancouver. 50+ merchants and 221 bitcoin friendly locations.
  • Amsterdam - Amsterdam is home to mining hardware maker Bitfury and the European headquarters of payment service provider BitPay. More than half dozen Bitcoin ATM, 40+ merchants
  • Ljubljana, Slovenia - Ljubljana has eleven bitcoin ATMs in the city and surrounding areas, and roughly 200 merchants who say they accept bitcoin
  • Tel Aviv - Nineteen merchants accepting bitcoin and seven bitcoin ATMs
  • Portsmouth, New Hampshire - Dubbed "bitcoin village" by local residents, the downtown area is home to about a dozen crypto-friendly businesses, including the Seacoast Repertory Theatre and the Free State Bitcoin Shoppe. It has 21+ Bitcoin ATM's
  • Miami, Florida - 651 bitcoin ATMs and tellers. The city's government is seeking to attract blockchain businesses to their city, and Mayor Francis Suarez has proposed investing city funds in bitcoin and even launching a municipal cryptocurrency.
  • El Zonte, El Salvador - "Bitcoin Beach," with more than thousands Bitcoin ATM. Government directly involved with bitcoin adoption itself.
  • New York - New York is also a major hub for crypto startups and media companies, such as CoinDesk, Decrypt, and CoinTelegraph, as well as home to Consensus, one of the largest annual events in the crypto industry.
  • London - 50 bitcoin ATMs, and about the same number of merchants



I am not just making a list here by grabbing it from here and there but these are actual results of bitcoin in use. If people still gonna argue about bitcoin's prices, its trust based on some failed exchange or few bad set backs then I think they have not understood the bitcoin really well.

Bitcoin can still be used on mega level with no price in consideration. The price will automatically follow Bitcoin once the use keep growing all the time. The price manipulation that we are seeing in the market is due to it's use just as trading instrument where millionaire and billionaires are taking it too personally and trading the volume in shorting the market.



We are still at good terms if see the data above. Moreover, if we see the most recent data then actual figures are really different, and could actually let us know exact bitcoin adoption.

Community, go ahead and make some positive noise on this thread. Post your local region stories and show them we are strong and we are getting stronger day by day in bitcoin adoption.



Sources: (Images, Descriptions are taken from following references)

https://www.investopedia.com/articles/forex/042415/10-cities-leading-bitcoin-adoption.asp
https://99bitcoins.com/bitcoin/who-accepts/
https://triple-a.io/crypto-ownership-data/
https://blog.chainalysis.com/reports/2022-global-crypto-adoption-index/

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November 20, 2022, 07:54:19 PM
 #2

I think your companies list is a little outdated. I believe both Steam, and Wikipedia suspended Bitcoin payments years ago. There's probably others on that list that have pulled support for it. The thing is, we aren't quite at the stage where it makes sense for all companies to adopt it. Since, the volatility creates an additional problem for many businesses, and then it's the cost of implementing a system to accept Bitcoin as well as hire staff that have the knowledge to help with any Bitcoin related issues.

It's not a bad thing that we aren't quite there yet. We probably won't be there for a while. As long as we have volatility, we'll have the news having a melt down, and companies pulling support or just not adopting it in the first place.
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November 20, 2022, 08:18:54 PM
 #3

If people still gonna argue about bitcoin's prices, its trust based on some failed exchange or few bad set backs then I think they have not understood the bitcoin really well.
If they do not understand Bitcoin very well, then it's safer they do not invest in it at all. Creating a list to show the strength of Bitcoin is good, but anyone who cannot do a basic research to find out how the network operates and maybe zoom out of the chart to see previous oricae actions and reasons for them does not deserve to buy in at discounted prices.
They would be back in a few months or years when the market is bulling and fomo in.

The price manipulation that we are seeing in the market is due to it's use just as trading instrument where millionaire and billionaires are taking it too personally and trading the volume in shorting the market.
Price actions are most likely not the result of market manipulation. It's a volatile commodity, so its value would remain speculative, at least for a few years.

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November 20, 2022, 11:21:53 PM
 #4

Bitcoin has died many times so it's not new if people are thinking that Bitcoin will end or it will just die then look at those shops and websites that accept bitcoin and local shops same here in my area there are some shops right now that accept Bitcoin as payment through scanning QR code.

So those people who are thinking that Bitcoin will die again are newbies and don't know the history of Bitcoin. And sooner more companies and local apps in my country add Bitcoin as another payment option.

Bitcoin is growing and it's normal to see ups and down but every block halving the price of bitcoin is different and it is higher than the price every last block halving.

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November 21, 2022, 04:04:17 AM
 #5

It matters less which companies accept bitcoin; what matters more is how much payment volume Bitcoin payments are getting. Companies can easily revoke access to Bitcoin payments.

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November 21, 2022, 04:14:11 AM
 #6

I certainly don’t think bitcoin is coming to any ends. Sure there is a shit ton of turmoil going on right now in both bitcoin and the cryptocurrency landscape, but we are still in the “early innings” when it comes to cryptocurrency adoption. We’ve got a long ways to go before ANYTHING is decided.  One thing I’m sure of, while one of few, is that bitcoin is anything but dead.

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November 21, 2022, 04:53:04 AM
 #7

I think your companies list is a little outdated. I believe both Steam, and Wikipedia suspended Bitcoin payments years ago. There's probably others on that list that have pulled support for it. The thing is, we aren't quite at the stage where it makes sense for all companies to adopt it. Since, the volatility creates an additional problem for many businesses, and then it's the cost of implementing a system to accept Bitcoin as well as hire staff that have the knowledge to help with any Bitcoin related issues.

It's not a bad thing that we aren't quite there yet. We probably won't be there for a while. As long as we have volatility, we'll have the news having a melt down, and companies pulling support or just not adopting it in the first place.

Sure some of them might be outdated but it does suggest bitcoin isn't just something that non liked ever OR not gonna like again in the future!
Though not all in the list but the weightage of acceptance is still higher as compared to other types of assets.

The whole point is bitcoin literally gone far in very short period of time and such bearish trends will come and go. We have experienced this all the time and this is a message for the people who are always scared about the market downfall and think it's dead end. Specifically media!

I certainly don’t think bitcoin is coming to any ends. Sure there is a shit ton of turmoil going on right now in both bitcoin and the cryptocurrency landscape, but we are still in the “early innings” when it comes to cryptocurrency adoption. We’ve got a long ways to go before ANYTHING is decided.  One thing I’m sure of, while one of few, is that bitcoin is anything but dead.

Yes it is going to play biggest innings yet. If you look at the old analysis then "Bitcoin is Dead" has been used more than 400 times until now. Like it was literally proclaimed by people and various media and that is the thing we do not want from us.

Now I know that we are on the forum where most of us "Trust in the Bitcoin", however, for those who think Bitcoin is dead then do read following article and also checkout the analysis about how many times it was dead and yet we are using it. Lol.z

Source: Bitcoin is Dead (Again)


Quote
Summary
FTX is dead. Crypto is not. Don't confuse the two. Reports of Bitcoin's death have been greatly exaggerated.
Search interest in "Bitcoin is Dead" has spiked following the collapse of FTX. History tells us we're close to a bottom.
On-chain metrics look phenomenal. Non-zero addresses are approaching 44 million and exchange supply is at a two year low.

More to follow here: Bitcoin is Dead (Again)
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November 21, 2022, 05:20:11 AM
 #8

There will be certain percentage of population who will always be in the wrong circle that whenever we see little dumps or even correction in the market they will simply come to a point declaring it dead without even noticing the points you have mentioned above.But according to me we don't need to convince these people that bitcoin has the potential as it speaks for itself but if they have the vision to see it otherwise enjoy their shitcoins journey.

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November 21, 2022, 05:34:55 AM
 #9

Anyone can post a sticker on their business window, saying "Bitcoin accepted here" ....but the question is : Is there anyone actually paying for those goods and services with bitcoins?

I have seen several instances where businesses "tested" the market for "Bitcoin" as a currency ...and it failed, due to a lack of transactions being done with bitcoins. People do not want to spend their bitcoins, they want to hoard it, until they can make a huge profit.  Roll Eyes

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November 21, 2022, 06:07:58 AM
 #10

Anyone can post a sticker on their business window, saying "Bitcoin accepted here" ....but the question is : Is there anyone actually paying for those goods and services with bitcoins?

I have seen several instances where businesses "tested" the market for "Bitcoin" as a currency ...and it failed, due to a lack of transactions being done with bitcoins. People do not want to spend their bitcoins, they want to hoard it, until they can make a huge profit.  Roll Eyes

The issue is that people are used to pay with fiat money and they will not change their behavior if there is no benefit in changing it. IF you look in 3rd world countries you can see a much larger adoption of paying with crypto, since there are many problems with the currency like inflation and unprofessional banking systems.
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November 21, 2022, 06:25:37 AM
 #11

The issue is that people are used to pay with fiat money and they will not change their behavior if there is no benefit in changing it. IF you look in 3rd world countries you can see a much larger adoption of paying with crypto, since there are many problems with the currency like inflation and unprofessional banking systems.
Can you mention which third world countries that has a larger adoption paying with Bitcoin except Nigeria? I really interested to hear that since I know there's no any third country using Bitcoin to pay for daily needs even though their fiat is highly inflated. Their problem isn't because their currency only, but they don't earn enough money to fill their daily life, how they can buy Bitcoin?

Anyone can post a sticker on their business window, saying "Bitcoin accepted here" ....but the question is : Is there anyone actually paying for those goods and services with bitcoins?

I have seen several instances where businesses "tested" the market for "Bitcoin" as a currency ...and it failed, due to a lack of transactions being done with bitcoins. People do not want to spend their bitcoins, they want to hoard it, until they can make a huge profit.  Roll Eyes
Yeah most people treat Bitcoin as investment, not as currency. Moreover most people still think people who have Bitcoin is a billionaire and they will rob you to get your coins, they can just use $5 wrench attack.
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November 21, 2022, 06:39:05 AM
 #12

The issue is that people are used to pay with fiat money and they will not change their behavior if there is no benefit in changing it. IF you look in 3rd world countries you can see a much larger adoption of paying with crypto, since there are many problems with the currency like inflation and unprofessional banking systems.
Can you mention which third world countries that has a larger adoption paying with Bitcoin except Nigeria? I really interested to hear that since I know there's no any third country using Bitcoin to pay for daily needs even though their fiat is highly inflated. Their problem isn't because their currency only, but they don't earn enough money to fill their daily life, how they can buy Bitcoin?


It is not true that most people in Africa don't have enough money to buy food and other basic things. This is just a stupid stereotype and a little bit silly to assume a whole continent has no middle or upper class of people. However I don't have the numbers where bitcoin is actually used, but you can read articles like this: https://www.coindesk.com/business/2022/09/29/crypto-is-quietly-thriving-in-sub-saharan-africa-chainalysis-report/ or speak to people form Africa and you will find out that bitcoin is more present than in Europe or elsewhere.
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November 21, 2022, 06:48:41 AM
 #13

Bitcoin adoption is always on my mind, if only the country where I live adopts Bitcoin.
but apparently it's not that easy, instilling something new in people is not easy.
there are always pros and cons, there are always disagreements.

especially now, many media reports that bitcoin and other crypto will become extinct, it becomes a great pressure and influence on bitcoin.

with a long struggle, bitcoin will not become extinct that easily.

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November 21, 2022, 08:17:11 AM
 #14

As far as we all know that bitcoin is a global currency and is decentralized and the rate which its adoption has increased all around the world economy is as a speeding train which is ready to at the same time accommodate room for any interesting occupant, there are a number of companies, institutions, organizations and online shops where we can use bitcoin to buy and exchange good or services with, it is a legal thing to make transactions in bitcoin except for few countries that lay this embargo but they are quite away of the role bitcoin cwn play through decentralization.
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November 21, 2022, 08:55:04 AM
Merited by DdmrDdmr (3)
 #15

Starting with, Who accepts bitcoin? we can actually see the bitcoin's real use case and how it is already on the market just like other assets/currencies.

Major Companies:

  • Burger King
  • KFC
  • Subway
  • Pizza Hut

So you're telling me I can walk in any of the above 4 food chain restaurants and I can pay with bitcoin?
For Burgerking it was one of their franchise in Germany that made the headlines and nothing else.
KFC was briefly accepting crypto and only fo a limited period and only in Canada.
Subway is trialing Bitcoin payments at three Subways in Germany’s capital, Berlin.
Pizza hut tried this in Venezuela.

Besides this I see the BMW sign there, no BMW is not accepting BTC random dealerships in the world accept BTC.

If the list would have been really accurate and with all the companies accepting BTC in all the shops we wouldn't the at all here right now, fearing some CEX demise would bring the price back to 10k levels.
Also, just lol at classifying The Private Bay and 4 Chan as "major" companies while Rakuten as small or medium when it's bigger than Pizza Hut.

Anyone can post a sticker on their business window, saying "Bitcoin accepted here" ....but the question is : Is there anyone actually paying for those goods and services with bitcoins?

Which reminds me of :
Bitcoin to Be Accepted at 260,000 Stores in Japan by This Summer
back in 2017...

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November 21, 2022, 09:15:31 AM
 #16

Some people will always be in the wrong circle. Whenever there are small drops or corrections in the market, they will just come to a point and say that the market is dead, not even taking into account the points you've made above.
But I don't think we have to convince these people that bitcoin has potential because it speaks for itself. If they can see it, great. If not, I hope they enjoy their journey with crypto shits.
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November 21, 2022, 09:16:16 AM
 #17


Starting with, Who accepts bitcoin? we can actually see the bitcoin's real use case and how it is already on the market just like other assets/currencies.

Major Companies:

  • Wikipedia



I think this needs correction. Wikipedia has stopped accepting the crpyto donation. I am sure many other company listed here are not correct too. No hate to Bitcoin. The price drop is a distraction, Bitcoin is working exactly as it was designed to work and will never end. Probably this bearish time is good opportunity for new one to invest.[/list]
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November 21, 2022, 10:53:35 AM
 #18

Some people will always be in the wrong circle. Whenever there are small drops or corrections in the market, they will just come to a point and say that the market is dead, not even taking into account the points you've made above.
But I don't think we have to convince these people that bitcoin has potential because it speaks for itself. If they can see it, great. If not, I hope they enjoy their journey with crypto shits.
Not the circles but rather your mindset as an investor. No matter how negative the point of view of the people around you towards your investment, decision will be depending on you alone. In the first place this is an industry filled with very volatile assets, from that you should already know the risks involved from engaging so. There are unexpected events that may affect your profit and losses simoly because cryptocurrencies' market value solely depends on the demand created by the community. If you percieve this industry as something which will yield to losses, then feel free to leave; save yourself from worries.

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November 21, 2022, 01:12:32 PM
 #19

I stopped using this as an argument pro Bitcoin a long time ago, because I realized it is not a good pro argument since even the largest companies seem to feel confused about Bitcoin's existence and decide to keep flipping the Bitcoin acceptance switch every now and then.  Some of the names mentioned in OP are not valid anymore.  Microsoft has definitely stopped accepting Bitcoin a long time ago.  It would give a very bad look to the average user if you told them Microsoft accepts Bitcoin and they find out Microsoft decided to stop doing so a while ago.

I think Bitcoin is very successful as is and will continue to thrive for much more important reasons than KFC accepting it.  It is Decentralized, provides banking to the unbanked, gives the financial freedom you want and no authority is capable of enforcing power over the network.  If you think about it, all of these are aspects that make Bitcoin rise and shine all the time.

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November 21, 2022, 01:59:31 PM
 #20

That list will always change. The companies can easily remove and apply them. I'll not make a measure of whether bitcoin is accepted or not with that list, especially since bitcoin is still tucked in as an alternative payment. And AFAIK, there hasn't been a company that has taken a challenge to accept bitcoins without accepting fiat (to pay for their goods/services).
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