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❓ASK Possible reason why bitcoin can't be used as a form of payment

AudraMiller

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There are many of that want bitcoin to become integrated into our financial systems and for it to be a main stream form of payment so that we can easily transact with the crypto that we have either earned or that we have been able to mine over our time in the crypto world. However, in my opinion, perhaps this may not happen anytime soon. We all know that trading in the crypto world is due to the volatile nature of the coins, however this volatility that allows us to profit from crypto, could be the very reason why bitcoin can't be integrated into the financial system.

If bitcoin is used as a payment and the value changes over the course of the day, there is a disadvantage to the buyer or the merchant. Depending on the direction of the change there will be a loss on either of the two side. This is not good for business as merchants can end up selling things for cheaper than they bought it for (loss) or buyers could be paying more than what it is worth (a loss for them).

what do you think? do you agree with my reasoning? Could the trading potential of the coins be the cause of it not being integrated as a min form of payment?
 
There are many of that want bitcoin to become integrated into our financial systems and for it to be a main stream form of payment so that we can easily transact with the crypto that we have either earned or that we have been able to mine over our time in the crypto world. However, in my opinion, perhaps this may not happen anytime soon. We all know that trading in the crypto world is due to the volatile nature of the coins, however this volatility that allows us to profit from crypto, could be the very reason why bitcoin can't be integrated into the financial system.

If bitcoin is used as a payment and the value changes over the course of the day, there is a disadvantage to the buyer or the merchant. Depending on the direction of the change there will be a loss on either of the two side. This is not good for business as merchants can end up selling things for cheaper than they bought it for (loss) or buyers could be paying more than what it is worth (a loss for them).

what do you think? do you agree with my reasoning? Could the trading potential of the coins be the cause of it not being integrated as a min form of payment?
First reason is Bitcoin's value is not so stable, if we pay for some product, with bitcoin then the received there money as btc if it's price goes low they have to take loss, and also the same happened to us, so, this up and down price make economy unbalanced.
 
First reason is Bitcoin's value is not so stable, if we pay for some product, with bitcoin then the received there money as btc if it's price goes low they have to take loss, and also the same happened to us, so, this up and down price make economy unbalanced.
Yes this is the main reason why i feel that bitcoin will not be incorporated into our financial systems anytime soon. Perhaps in the future we may see this change, however at the current time i doubt that this will happen.
 
Tha
Yes this is the main reason why i feel that bitcoin will not be incorporated into our financial systems anytime soon. Perhaps in the future we may see this change, however at the current time i doubt that this will happen.
Thank you for appreciating my answer. Can I know something more about you, Do you invest in bitcoin? And tell me some online sources to earn money, in which you worked before.
 
There are many of that want bitcoin to become integrated into our financial systems and for it to be a main stream form of payment so that we can easily transact with the crypto that we have either earned or that we have been able to mine over our time in the crypto world. However, in my opinion, perhaps this may not happen anytime soon. We all know that trading in the crypto world is due to the volatile nature of the coins, however this volatility that allows us to profit from crypto, could be the very reason why bitcoin can't be integrated into the financial system.

If bitcoin is used as a payment and the value changes over the course of the day, there is a disadvantage to the buyer or the merchant. Depending on the direction of the change there will be a loss on either of the two side. This is not good for business as merchants can end up selling things for cheaper than they bought it for (loss) or buyers could be paying more than what it is worth (a loss for them).

what do you think? do you agree with my reasoning? Could the trading potential of the coins be the cause of it not being integrated as a min form of payment?

I do agree for example an online pet shop uses a dog to sell for 200$ but if it uses only bitcoin then dog price can be changed $40 to $490 based on bitcoin going from $3500 to $35000. so daily product cant fluctuate this much cause many people buy for business (resell to other people) so this chain will be broken.
 
Tha

Thank you for appreciating my answer. Can I know something more about you, Do you invest in bitcoin? And tell me some online sources to earn money, in which you worked before.
This is a great forum in which to earn your first crypto and a great way to learn as well. If you are looking for other ways to earn crypto then may i suggest that you check out the other forum in my signature below. This forum also has great potential and will get you started on your crypto journey.
 
I believe it will be used a lot, the more acceptable it becomes. Just like the dollar is accepted as a world standard even with it's fluctuations with regards to other currencies, Bitcoin will become accepted too.
There are many of that want bitcoin to become integrated into our financial systems and for it to be a main stream form of payment so that we can easily transact with the crypto that we have either earned or that we have been able to mine over our time in the crypto world. However, in my opinion, perhaps this may not happen anytime soon. We all know that trading in the crypto world is due to the volatile nature of the coins, however this volatility that allows us to profit from crypto, could be the very reason why bitcoin can't be integrated into the financial system.

If bitcoin is used as a payment and the value changes over the course of the day, there is a disadvantage to the buyer or the merchant. Depending on the direction of the change there will be a loss on either of the two side. This is not good for business as merchants can end up selling things for cheaper than they bought it for (loss) or buyers could be paying more than what it is worth (a loss for them).

what do you think? do you agree with my reasoning? Could the trading potential of the coins be the cause of it not being integrated as a min form of payment?
 
Hi
This is a great forum in which to earn your first crypto and a great way to learn as well. If you are looking for other ways to earn crypto then may i suggest that you check out the other forum in my signature below. This forum also has great potential and will get you started on your crypto journey.
Hi, Audra can you help me how much do you earn from this forum in a month and how? And I didn't find your signature where is it. I'm excited to know.
 
I believe it will be used a lot, the more acceptable it becomes. Just like the dollar is accepted as a world standard even with it's fluctuations with regards to other currencies, Bitcoin will become accepted too.
The difference with dollar and bitcoin however is the degree to the fluctuations. With fiat currency value fluctuations you see small changes over the course of a day, whereas with bitcoin you see changes that are over 50% reduction in prices. This is much more severe than the fiat currency drops.
 
buying for a price and selling for cheaper has nothing to do with crypto, if you think about it, you're selling sometimes for higher price or atleast the price you got it for, because value is mostly increasing when it comes to cryptocurrency
 
Is bitcoin not form of payment already? For example, there are many store that you can pay for goods and services using bitcoin.
Or are you trying to say that, bitcoin it's self should be used as price value
 
Well, I perfectly understand your submission here because it wouldn't be funny that after selling your product to a buyer and the price drop below what you have bought it. I think this is just the big hurdle here
 
There are many of that want bitcoin to become integrated into our financial systems and for it to be a main stream form of payment so that we can easily transact with the crypto that we have either earned or that we have been able to mine over our time in the crypto world. However, in my opinion, perhaps this may not happen anytime soon. We all know that trading in the crypto world is due to the volatile nature of the coins, however this volatility that allows us to profit from crypto, could be the very reason why bitcoin can't be integrated into the financial system.

If bitcoin is used as a payment and the value changes over the course of the day, there is a disadvantage to the buyer or the merchant. Depending on the direction of the change there will be a loss on either of the two side. This is not good for business as merchants can end up selling things for cheaper than they bought it for (loss) or buyers could be paying more than what it is worth (a loss for them).

what do you think? do you agree with my reasoning? Could the trading potential of the coins be the cause of it not being integrated as a min form of payment?
I think that trade with Bitcoin is not possible because the price of Bitcion is always volatile and there are always ups and down in its price and it is very difficult to pay with the same price after some minutes it may change.
 
If Bitcoin is used as a payment method , it will offer solution to low tier country users to buy the same product at the same price with someone from top tier country
 
If Bitcoin is used as a payment method , it will offer solution to low tier country users to buy the same product at the same price with someone from top tier country
What about the fluctuating nature of bitcoin? Just overnight or within minutes price can change, so what if at the time of carrying out your transaction and it being confirmed, the btc price changes?
 
I think most people who use bitcoin as payment method already know the flunctuation mode ,,so when they receive the payment they quickly convert it to cash ,so it can still be used as payment method
 
If Bitcoin is used as a payment method, the merchants are going to have to make the decision of whether to hold bitcoin or to exchange it immediately for fiat currency.
Haha that's right, until the price is not stable enough it can't be used as a payment method yet.
What about the fluctuating nature of bitcoin? Just overnight or within minutes price can change, so what if at the time of carrying out your transaction and it being confirmed, the btc price changes?
Exactly, Bitcoin's price is so unstable to be a mode of payment for our everyday needs. It's a perfect investment though
 
Bitcoin and gold are almost serving the same purpose as international commodity the only difference is that bitcoin is decentralized , given more power to individuals and individual countries currency and might dollar circulation.
 

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