Quote from: xSkylarx on December 22, 2021, 05:54:21 PM

Quote from: KaliLinux on December 14, 2021, 07:00:25 AM

Quote from: Olayinka2225 on December 14, 2021, 05:38:29 AM

Yes volatility and price fluctuation is what I see as the hindrances to bitcoin adoption as a Leger tender or payment option for most reputable or small businesses. And I don't think this can be removed from crypto. Volatility is what we need, price fluctuation is what we need also....so how do we wonna deal with this?

Apart from this volatility is which is really an issue with most businesses accepting Bitcoin, I truly believe that the most problem is the Government's stand on Bitcoin. How can Business owners accept Bitcoin for services/goods if the Government of the country they operate in is against Bitcoins adoption? that could be a crime, right? So I think this is the biggest problem with Bitcoins adoption by Businesses.

Yes, but as you can see now, there are countries that are legalizing bitcoin, which I would say is still a small number, but it is a step forward because we all know that another country will legalize it. Regarding volatility, I believe the business sector will find a solution; I can't think of one right now, but they will take advantage of it.

To answer the thread question, as of now, you can see that many merchants accept it, which is great because it was previously there are few accepts it. I believe one car company accepts bitcoin as payment, which is a huge boost for the bitcoin community.

I do not think there is anything to solve, I mean it is true the volatility is high but that is because right now the majority of the people see bitcoin more as an asset to be traded than a currency, but once world adoption grows and people begin to use it more on their everyday lives then we are going to see an eventual change in the behavior of bitcoin and its volatility will go down, now I do not expect it to be as stable as fiat but it will be better than what we have right now.