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    Author Topic: Do you agree that Bitcoin is nearly to be just like another business?  (Read 3263 times)

    • anneiS_02 (OP)
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    June 09, 2017, 01:15:26 PM
     #1
    More than 50,000 U.S. merchants already accept bitcoin, and you may soon fall behind your competitors if you don’t have a plan for dealing with cryptocurrencies.
    Over the short term, it means getting educated about the technology and adapting some business processes. Over the long term, it offers increased simplicity, greater efficiency and lower costs.

  • BillyBobZorton
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    June 09, 2017, 02:05:13 PM
     #2
    Quote from: anneiS_02 on June 09, 2017, 01:15:26 PM
    More than 50,000 U.S. merchants already accept bitcoin, and you may soon fall behind your competitors if you don’t have a plan for dealing with cryptocurrencies.
    Over the short term, it means getting educated about the technology and adapting some business processes. Over the long term, it offers increased simplicity, greater efficiency and lower costs.

    Merchants will drop bitcoin support if we can't get segwit + lightning networks to cater for global merchant adoption.

    It's the only way out, if we can't get this shit together and working, bitcoin will just stay with it is, and will probably stagnate in price.

  • Andri.Ghani
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    June 11, 2017, 08:48:44 AM
     #3
    What I experienced could really change my life in terms of income,
    With the investment I get from bitcoin.

  • Herbert2020
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    June 11, 2017, 08:53:34 AM
     #4
    Quote from: anneiS_02 on June 09, 2017, 01:15:26 PM
    More than 50,000 U.S. merchants already accept bitcoin, and you may soon fall behind your competitors if you don’t have a plan for dealing with cryptocurrencies.
    Over the short term, it means getting educated about the technology and adapting some business processes. Over the long term, it offers increased simplicity, greater efficiency and lower costs.

    your numbers are far off the mark. i dare say the number is even in the millions now. 50,000 is just too small. earlier this year Coinbase claimed to be handling 45,000 merchants alone. and that is just one Coinbase, you should add bitpay and all the rest who are directly accepting bitcoin.

    also there are only about 300,000 stores in Japan that are currently accepting bitcoin.
    Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
    Whales are those who keep buying the dip.

  • hatshepsut93
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    June 11, 2017, 08:56:02 AM
     #5
    Quote from: anneiS_02 on June 09, 2017, 01:15:26 PM
    More than 50,000 U.S. merchants already accept bitcoin, and you may soon fall behind your competitors if you don’t have a plan for dealing with cryptocurrencies.
    Over the short term, it means getting educated about the technology and adapting some business processes. Over the long term, it offers increased simplicity, greater efficiency and lower costs.

    At this state, I would never use Bitcoin for daily purchases. How can someone justify paying $2-4 or more in fees for each transaction, no matter if it's worth $10 or $100 or $1000? Just make a thought experiment - every time you pay with fiat, set aside a few dollars and see how much it will be at the end of a month. When scaling will be fixed, then we can start talking seriously about widespread adoption, but before that happened Bitcoin has very niche uses - trading, gambling, moving value when you can't or don't want to deal with banks. Period.

  • SamMurphy
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    June 11, 2017, 06:09:44 PM
     #6
    It was designed to run at the principles of business. How else would people around the world pay millions of dollars pay day in electricity cost to provide security in the system?

  • dey90
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    June 11, 2017, 06:19:54 PM
     #7
    The same business but with a new strategy in bitcoin world, with your investment can generate more profit.

  • countryfree
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    June 11, 2017, 06:24:11 PM
     #8
    Except for exchanges, BTC isn't a business. It's a currency. The huge problem being that the last time I bought something with BTC, the transaction took 12 hours to confirm. So BTC isn't like another currency...
    I used to be a citizen and a taxpayer. Those days are long gone.

  • Arumi.Bilqis
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    June 11, 2017, 06:37:17 PM
     #9
    What I enjoy today is amazing to change lives, and I can use it as additional business capital and I also invest some BTC to get long term funds.

  • Virman01
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    June 11, 2017, 07:11:03 PM
     #10
    I think it's like an online business, but the difference is only with different forms and exchange rates, if now online businesses use Bitcoin, it will make it easier for Bitcoin users who want to shop whatever they want with Bitcoin.

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    June 11, 2017, 07:17:14 PM
     #11
    Bitcoin is used as a means of payment rather than a business, but you can create your own business by introducing bitcoin as well to others

  • pearlmen
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    June 11, 2017, 07:42:29 PM
     #12
    Quote from: anneiS_02 on June 09, 2017, 01:15:26 PM
    More than 50,000 U.S. merchants already accept bitcoin, and you may soon fall behind your competitors if you don’t have a plan for dealing with cryptocurrencies.
    Over the short term, it means getting educated about the technology and adapting some business processes. Over the long term, it offers increased simplicity, greater efficiency and lower costs.

    The fact remains the business world is gradually changing from business focus to customers focus in that they are ready to make you the client happy and stress free and if its bitcoin that with make that happen, they are ready to adopt. However, the moment why is to make life easier turn out to be a nightmare, I see adoption of other means to achieve that objective whether we like it or not and that is why I agree with one of the posters above that we need to get things right with bitcoin other wise those people propagating the news of bitcoin are ready to jump ship at any time.

  • pixie85
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    June 11, 2017, 08:00:41 PM
     #13
    Quote from: BillyBobZorton on June 09, 2017, 02:05:13 PM
    Quote from: anneiS_02 on June 09, 2017, 01:15:26 PM
    More than 50,000 U.S. merchants already accept bitcoin, and you may soon fall behind your competitors if you don’t have a plan for dealing with cryptocurrencies.
    Over the short term, it means getting educated about the technology and adapting some business processes. Over the long term, it offers increased simplicity, greater efficiency and lower costs.

    Merchants will drop bitcoin support if we can't get segwit + lightning networks to cater for global merchant adoption.

    It's the only way out, if we can't get this shit together and working, bitcoin will just stay with it is, and will probably stagnate in price.
    You're right, nobody will use Bitcoin when fees are jumping like crazy. One day it's ok to set a 50sat per byte fee and the next you need 100. Users won't have time to check fees before sending every single transaction, especially while shopping.
    Segwit is only a temporary solution. It will make things better for now, but in 2 - 3 years we'll need another block update.
    I'm not against it, but we should start looking for a more permanent option.

  • setupbounds
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    June 15, 2017, 07:53:31 PM
     #14
    Quote from: dey90 on June 11, 2017, 06:19:54 PM
    The same business but with a new strategy in bitcoin world, with your investment can generate more profit.
    Bitcoin is not just a business but it's a kind of saving for future. It is a safe and Secure business a lot of people are earning through Bitcoin now a days. People invest and get profit. It is as simple as it looks like no worries no loss no extra payment. Many people select Bitcoin for trading. They trade and get profit and then invest more money in Bitcoin for future as well. So this amazing change in our life has changed our Lifestyle so much and we are taking good benefit from it.

  • asadul
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    August 11, 2017, 10:27:08 AM
     #15
    Yes, there is a desire to work with cryptococler. So we're planning to start as soon as possible.

  • Kronos21
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    August 11, 2017, 10:32:07 AM
     #16
    Quote from: setupbounds on June 15, 2017, 07:53:31 PM
    Quote from: dey90 on June 11, 2017, 06:19:54 PM
    The same business but with a new strategy in bitcoin world, with your investment can generate more profit.
    Bitcoin is not just a business but it's a kind of saving for future. It is a safe and Secure business a lot of people are earning through Bitcoin now a days. People invest and get profit. It is as simple as it looks like no worries no loss no extra payment. Many people select Bitcoin for trading. They trade and get profit and then invest more money in Bitcoin for future as well. So this amazing change in our life has changed our Lifestyle so much and we are taking good benefit from it.
    Bitcoin is not a business. Bitcoin is a currency. Business is trade of that currency on the exchange. But it seems to me that this approach to bitcoin distorts the meaning of the emergence of bitcoin. If the use of bitcoin will not change the fact he can turn into a bubble.

  • Gaff
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    August 11, 2017, 11:21:18 AM
     #17
    Quote from: Kronos21 on August 11, 2017, 10:32:07 AM
    Quote from: setupbounds on June 15, 2017, 07:53:31 PM
    Quote from: dey90 on June 11, 2017, 06:19:54 PM
    The same business but with a new strategy in bitcoin world, with your investment can generate more profit.
    Bitcoin is not just a business but it's a kind of saving for future. It is a safe and Secure business a lot of people are earning through Bitcoin now a days. People invest and get profit. It is as simple as it looks like no worries no loss no extra payment. Many people select Bitcoin for trading. They trade and get profit and then invest more money in Bitcoin for future as well. So this amazing change in our life has changed our Lifestyle so much and we are taking good benefit from it.
    Bitcoin is not a business. Bitcoin is a currency. Business is trade of that currency on the exchange. But it seems to me that this approach to bitcoin distorts the meaning of the emergence of bitcoin. If the use of bitcoin will not change the fact he can turn into a bubble.
    You're right. I don't really believe right away not unless it will change its direction of business. We expect a lot from bitcoin's strategy from trading, exchanging currency and a lot more. It's uniqueness help many of us to survive and to live that we're making most of the time about bitcoin. It's already part of our daily living. So whether others control btc to be the same as another business, maybe btc won't be good because people might think it's just the same method. Therefore, don't be the same with other business.

  • spain cool
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    August 11, 2017, 11:33:21 AM
     #18
    Many businesses we can make with bitcoin.
    But for now it can not be because in our area bitcoin still not popular, so there are still many obstacles to doing business using bitcoin.

  • Lorilikes
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    August 11, 2017, 11:41:52 AM
     #19
    The fundamental difference between Bitcoin and businesses is this:


    I know lots of businesses that will accept Bitcoin in trade for their products which makes it a means of transferring value aka money.  Can you walk into the blockchain and offer it some business to get coin?  No. 

    You can buy things with btc but you can't buy things with business.  Get what I mean?
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  • TIDOVEE
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    August 11, 2017, 11:43:03 AM
     #20
    You are right, it really making up nice income. its a reliable business..
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