Quote from: JHtoko on December 12, 2017, 10:28:53 AM

Quote from: Hell-raiser on December 12, 2017, 09:48:32 AM

Quote from: Springfield Scooter on December 12, 2017, 09:11:26 AM

Its far from a bubble until McDonalds, Walmart, and Gas Stations begin to accept bitcoin......

Untill then, we have a long ways to go!

Buy and hold is my advice.

Steam has abandoned Bitcoin, so why should McDonalds, Walmart, or whatever start to accept it all of a sudden? Methinks, the primary reason why Steam ditched Bitcoin is lack of demand. I mean there weren't enough people willing to pay with bitcoins for the games Steam is selling. They say they dropped Bitcoin because of Bitcoin's insatiable volatility, but personally, I doubt that. If people were actually using Bitcoin in their everyday life, Steam included, volatility wouldn't be an issue any way you look at it.

True that. But I would say that the transaction speed is the bottleneck for them. I mean if you gonna order a Burger and you have to wait 6 hours before your transaction is confirmed. I would say that your burger is burned at that time. No one wants to waits that long for a transaction. There has to be an alternative better and faster coin.

Not actually burned but just a cold burger. But for me, transaction won't be a problem at all since they can make an alternative way to fulfill that problem. I think they actually accept bitcoin as an alternative payment for person who uses bitcoin only and I don't doubt it as impossible. Though bitcoin is out of demand, and if McDonalds, Walmart, etc accepts bitcoin, there comes demands goes rapidly. So if such stores won't accept bitcoin, how will demand grow? So for me, they should start it by now. And if they are the one's who first accepts bitcoin, I think they are also the one's who will benefit the most on bitcoin. That's what I think they think!