What's the fate of BTC payment now

[Magic-Money]

It's well understanding that Bitcoin price is not a stable coin or have a fixed price, while accepting Bitcoin as a means of payment is a good idea, just that Bitcoin price changes from time to time, and also consider the price value to your product selling to accept Bitcoin. Therefore as a long term holding of Bitcoin has not to complain. But rather has a positive mindset that bull run we soon start and make more profits as well.

[Call_Me_Guru]

It's well understanding that Bitcoin price is not a stable coin or have a fixed price, while accepting Bitcoin as a means of payment is a good idea, just that Bitcoin price changes from time to time, and also consider the price value to your product selling to accept Bitcoin. Therefore as a long term holding of Bitcoin has not to complain. But rather has a positive mindset that bull run we soon start and make more profits as well.

No, you are not correct, you got it all wrong. It occurs to me that you did not read the topic, you just posted out of title and might use your AI for it, this is not nice.

The OP is talking about bitcoin price, the OP is experienced, he talks about the bad situation of the mempool. I was one of the first set to raise my concern about it when I could not get confirmed my BTC for days after using 15sat/vb for the transaction just in my usual way. I was able to accelerate that transaction later for free and I got the money.

The mempool got worse last week and some transactions cost over $22 to confirm. This will affect bitcoin business and it is the concern of OP, not the price.

[LogitechMouse]

For the first time since 2022 I have officially put an end to Bitcoin payments on my business until further notice, I have gave few people some discount advantages to spread news about Bitcoin and now I am not so sure anymore, I can't even afford $5 per Bitcoin transaction, and also my customers that are surety when it comes to Bitcoin payment have all halt.

I guess that would be the better decision because in the end, your customers will also not want to give additional 5$ just for the transaction fees aside from the amount of the things that they will buy. I guess for now, it would be better to accept altcoins that has lower transaction fees, or let them transact using Bitcoin on weekends only since there are little transactions at that time. Currently, Bitcoin's transaction fees starts at $1.02 (27 sats/vB), and comparing to where it was a few weeks ago, that's already low.

Ordinals looks like it's here to stay, I don't believe that Ordinals is like ICO because they are different. And Ordinals came in a bear market, imagine what this will do to Bitcoin in a bull market.

If it will stay, I guess we expect high transaction fees again once the bull market starts.
On the other hand, this is just a theory, and anything can still happen. What if Ordinals will not be that popular in the future?

Is there any business owners accepting Bitcoin still? How are you doing it? Is there any way to go around this? I will appreciate, because I don't want to stop accepting Bitcoin, I have my long term plan and accepting Bitcoin as payment have helped so far.

I guess some business owners who are doing the same as you shared what they're doing here already.
Better to stop it temporarily, or if you really don't then it might be better if you find an alternative like an altcoin. On the other hand, you can still try and convince your customers to pay in Bitcoin, but don't make it mandatory. I mean let them pay if they wanted to because there might be some of your customers who still wants to pay thru Bitcoin despite of the high transaction fees.

[serjent05]

For the first time since 2022 I have officially put an end to Bitcoin payments on my business until further notice, I have gave few people some discount advantages to spread news about Bitcoin and now I am not so sure anymore, I can't even afford $5 per Bitcoin transaction, and also my customers that are surety when it comes to Bitcoin payment have all halt.

I guess that would be the better decision because in the end, your customers will also not want to give additional 5$ just for the transaction fees aside from the amount of the things that they will buy. I guess for now, it would be better to accept altcoins that has lower transaction fees, or let them transact using Bitcoin on weekends only since there are little transactions at that time. Currently, Bitcoin's transaction fees starts at $1.02 (27 sats/vB), and comparing to where it was a few weeks ago, that's already low.

Bitcoin is right back on track again.  The problem on the high transaction fee had been resolved for now.  I think it is good to  reaccept Bitcoin as option for payment again.

Ordinals looks like it's here to stay, I don't believe that Ordinals is like ICO because they are different. And Ordinals came in a bear market, imagine what this will do to Bitcoin in a bull market.

If it will stay, I guess we expect high transaction fees again once the bull market starts.
On the other hand, this is just a theory, and anything can still happen. What if Ordinals will not be that popular in the future?

As long as there is no attack or exploit that intentionally ballon the transaction fee, I do not think that the price of transaction fee will surge like the recent one.  Taproot is there to be able to minimize the size of the transaction and enable cheaper fee for the transaction.

Is there any business owners accepting Bitcoin still? How are you doing it? Is there any way to go around this? I will appreciate, because I don't want to stop accepting Bitcoin, I have my long term plan and accepting Bitcoin as payment have helped so far.

I guess some business owners who are doing the same as you shared what they're doing here already.
Better to stop it temporarily, or if you really don't then it might be better if you find an alternative like an altcoin. On the other hand, you can still try and convince your customers to pay in Bitcoin, but don't make it mandatory. I mean let them pay if they wanted to because there might be some of your customers who still wants to pay thru Bitcoin despite of the high transaction fees.

And now that the Bitcoin network seems back to normal, I believe it is ok to enable the Bitcoin payment again.

[Z390]

Things are back to normal this morning,  you can now make transaction on the bitcoin network with $1 or $1.05 and within few seconds the transaction will go through, mind you, I don't know how long this will last because bitcoin Ordinals are not out of the woods yet.

And some centralised exchange are now planning on listing this so-called ordinal, this show that it is possible for new big amount of money to go into Ordinals again and this will cause another spike up in the transaction fee of Bitcoin, so do not feel comfortable right now thinking we are out of the woods. 

Some people are talking about a separate bitcoin fork, i don't  know how this will work out but if this is going to work out then they should just proceed with the fork, anyone think that fork is the solution for this?

[yazher]

Leaving aside what has happened recently, trying to pay for low-value goods or services is going to be like trying to pay for low-value goods or services with gold: you won't be able to. Even if there are a few places that accept bitcoin as currency, with the commissions you have to pay, proportionally higher the lower the amount, it is not going to be worth it. The same thing happens with gold today.

This is the problem when they don't know how to use the lightning network and they don't spend little time learning it because they will end up like this guy who thought that there was no remedy for the ongoing high transaction fees. though we cannot blame the person if he wanted to temporarily stop the service, we can say that he is lack of some hassle to educate his customers with Lightning network and if the others will also do the same, then there will be few stores and services that will stop accepting bitcoin payments at the moment. They just need to learn some new knowledge and fix this problem as soon as possible so that they won't gonna make it harder for their customers.

[tjtonmoy]

Is there any way to go around this? I will appreciate, because I don't want to stop accepting Bitcoin, I have my long term plan and accepting Bitcoin as payment have helped so far.

You can choose Binance pay system. There's no fee for one account to another account transfer. And it can be done in an instant. If you have problem using centralized exchanges, you can always withdraw to your personal wallet after you have collected 10-15 payments and the value is good enough to withdraw for you. It has helped me a lot in the past and it is also good when it comes to exchanges Bitcoin to fiat money if you choose to use that money again to expand your business. There's a lot of advantages in this but one thing that prevents many people is that it is a centralized exchange platform. So if you can use it to your advantage then it can help you a lot.
One more thing you can use is Lightning network. But it's not commonly used in most of the platforms. So I guess this Binance pay can help a lot in this scenario.

[AmoreJaz]

Is there any way to go around this? I will appreciate, because I don't want to stop accepting Bitcoin, I have my long term plan and accepting Bitcoin as payment have helped so far.

You can choose Binance pay system. There's no fee for one account to another account transfer. And it can be done in an instant. If you have problem using centralized exchanges, you can always withdraw to your personal wallet after you have collected 10-15 payments and the value is good enough to withdraw for you. It has helped me a lot in the past and it is also good when it comes to exchanges Bitcoin to fiat money if you choose to use that money again to expand your business. There's a lot of advantages in this but one thing that prevents many people is that it is a centralized exchange platform. So if you can use it to your advantage then it can help you a lot.
One more thing you can use is Lightning network. But it's not commonly used in most of the platforms. So I guess this Binance pay can help a lot in this scenario.

LN is good but you need to orient your customers regarding the use of it though it would be the same path if you need to orient your clients also with BTC payments. however, most people prefer the route which is more convenient for them which is like using the binance pay app. if you think you can get your customers such apps, why not use it to your advantage in your business?

[serjent05]

Leaving aside what has happened recently, trying to pay for low-value goods or services is going to be like trying to pay for low-value goods or services with gold: you won't be able to. Even if there are a few places that accept bitcoin as currency, with the commissions you have to pay, proportionally higher the lower the amount, it is not going to be worth it. The same thing happens with gold today.

This is the problem when they don't know how to use the lightning network and they don't spend little time learning it because they will end up like this guy who thought that there was no remedy for the ongoing high transaction fees. though we cannot blame the person if he wanted to temporarily stop the service, we can say that he is lack of some hassle to educate his customers with Lightning network and if the others will also do the same, then there will be few stores and services that will stop accepting bitcoin payments at the moment. They just need to learn some new knowledge and fix this problem as soon as possible so that they won't gonna make it harder for their customers.

There are things that other people are not comfortable with or does not agree on some methods so they tend to avoid to use such option.  LN is quite complex for newcomers and might bring more problem to both parties if they both don't know how to use it.  It is a business and obviously, mistake is not an option.  @OP is probably skipping LN for that reason. Aside from that there are people who do not like LN and will rather pay huge amount in an onchain transaction than using it.

It is easier said than done but well, it may be worth a try but still, it depends whether @OP is comfortable using LN.  For a beginner, I believe they can use exchanges for internal transfers.  This is much easier to learn and can save funds because most internal transfers are free.

[ChiBitCTy]

This is really unfortunate to hear, but I do appreciate that you were accepting bitcoin payments up until now.  I personally believe that things will get better with time, and I do still have a lot of hope that lightning network will soon be much more efficient, easy to use and a big breakthrough for bitcoin payments.

Let’s just hope they come sooner than later.

[SirLancelot]

Things are back to normal this morning,  you can now make transaction on the bitcoin network with $1 or $1.05 and within few seconds the transaction will go through, mind you, I don't know how long this will last because bitcoin Ordinals are not out of the woods yet.

And some centralised exchange are now planning on listing this so-called ordinal, this show that it is possible for new big amount of money to go into Ordinals again and this will cause another spike up in the transaction fee of Bitcoin, so do not feel comfortable right now thinking we are out of the woods. 

Some people are talking about a separate bitcoin fork, i don't  know how this will work out but if this is going to work out then they should just proceed with the fork, anyone think that fork is the solution for this?

Really? Nice, now people will be doing business again using their bitcoin and this could help the price to recover but not the fees because I heard what the cause the fees to rise last time is that the network is being under attack or being spammed by someone else. I hope they will get caught if possible or get karma at least because they are destroying bitcoin. They cause so much hassle to us bitcoin users.

About the forkings, I think we already have done so many bitcoin forks in the past. Did they solve something? I doubt if they did but lets try again and see if these can separate that ordinal thing to the main chain and won't interrupt the happenings here.

[Bushdark]

It's well understanding that Bitcoin price is not a stable coin or have a fixed price, while accepting Bitcoin as a means of payment is a good idea, just that Bitcoin price changes from time to time, and also consider the price value to your product selling to accept Bitcoin. Therefore as a long term holding of Bitcoin has not to complain. But rather has a positive mindset that bull run we soon start and make more profits as well.

Since many countries are yet to accept Bitcoin as legal tender, there would still be time for this to take place. There are only few countries which had accepted Bitcoin to be use as legal tender so far and this will take enough time for the market to experience full adoption. Now that the war between Russia and Ukraine is still going on, there are some persons and countries which are indirectly using Bitcoin to trade and this will soon lead to the adoption of Bitcoin by them. Now that Bitcoin is experiencing congestion making the transaction fee to increase, we hope this will not halt the adoption and use of Bitcoin for payment.