Quote from: Slow death on January 27, 2019, 05:39:14 PM

Quote from: deisik on January 27, 2019, 04:37:42 PM

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bitcoin is very volatile, such high volatility becomes a major barrier for merchants to accept bitcoin as a means of payments.

Imagine that in December 2017, some merchant accepted bitcoin as a means of payment, the merchant would be selling a car for $100,000, if in December 2017 someone had bought this car that costs $100,000, that person would have paid with 5 BTC and if that car salesman Hold the 5 BTCs, how much losses should he have these days?

Current bitcoin price:

1 BTC = $ 3560

5 BTC = $ 17,800

merchants will be afraid of this volatility

Bitcoin has not been legalized in many countries, so it would be difficult to have many merchants accepting bitcoin as a means of payment

This is a major misconception, because merchants don't have to hold Bitcoins to accept them.

Why? Because services exists this times that handle the payment/exchange process from Bitcoin to the fiat currency of the merchant's preference and availability inside the service itself right away. Extremely easy.

Example: https://bitpay.com/retail