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Author Topic: Bitcoin or altcoin, which is most acceptable as money?  (Read 17501 times)

Offline Senin

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #105 on: May 07, 2022, 08:20:42 AM »
I think the answer here is obvious. Bitcoin is now almost not used as a means of payment. The owners of bitcoin hold it because they count on its growth in price and profit because of this. The popularity of bitcoin rests mainly only on the belief in its further price growth.
As a means of payment, cheap and fast altcoins with very low transaction costs are more suitable.

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #105 on: May 07, 2022, 08:20:42 AM »

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #106 on: June 28, 2022, 08:22:19 AM »
In my opinion, stable coins should be accepted as money. because the fluctuations are relatively safe and the price of stable coins refers to the dollar as a benchmark so there is little risk holding it
But stablecoins are hardly worth classifying as cryptocurrencies. This is most likely an analogue of fiat in the world of cryptocurrency. Moreover, the current private and commercial stablecoins have an uncertain future until the CBDCs of various states are issued and until the relations between them are formalized by the states.
On the issue of means of payment, most likely, preference should be given to altcoins. Moreover, it is possible that such altcoins will still appear in the future.

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #107 on: June 29, 2022, 03:06:08 AM »
Whatever we say but cryptocurrency can never be imagined without bitcoin. We all know especially when the bitcoin price goes down and all the other coins start going down.Again when the bitcoin price starts to rise then the price of all the coins starts to rise slowly.

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #108 on: June 29, 2022, 12:16:50 PM »
Bitcoin has evolved out successfully to be the most widely accepted cryptocurrency. It can be used directly as payment for goods and services online or through debit card although there are still some merchants yet to accept it. Bitcoin is the only outstanding coin which can be used purchase all other cryptocurrencies.
I guess you already answered it yourself. Bitcoin is and still remains the most widely accepted cryptocurrency in terms of exchange for either goods or services. I remember using Bitcoin to pay for services back in 2015 and that's how I came to know about Bitcoin and Cryptocurrency in general I don't think there is any other coin that is widely accepted for payments like Bitcoin.

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #109 on: June 29, 2022, 02:46:10 PM »
Bitcoin so far would be undeniably the most acceptable cryptocurrency as money. One example would be El Salvador and Central African Republic who have made Bitcoin as legal tender. It means that restaurants and other traditional business are eligible to accept Bitcoin as alternative payment gateway. This is just my own opinion.

As for Ethereum, it would be unlikely because it is not really meant as a medium of exchange but rather more on Dapps, decentralized exchanges, etc.
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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #110 on: June 29, 2022, 04:45:57 PM »
it's true that bitcoin has been used as a means of payment for countries that have legalized bitcoin, but if it's to replace a real currency it won't be possible because of the volatile nature of bitcoin and many countries that have not been able to accept bitcoin as a means of payment.
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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #111 on: June 29, 2022, 06:17:43 PM »
it's true that bitcoin has been used as a means of payment for countries that have legalized bitcoin, but if it's to replace a real currency it won't be possible because of the volatile nature of bitcoin and many countries that have not been able to accept bitcoin as a means of payment.
True, the big consideration in accepting Bitcoin as a currency in full by a country is because of its very high fluctuation price.
So many people prefer to use Bitcoin as an investment and trading tool.  Moreover, to completely replace Fiat, I think it will be difficult or maybe never will be.

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #111 on: June 29, 2022, 06:17:43 PM »


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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #112 on: July 31, 2022, 06:53:32 AM »
it's true that bitcoin has been used as a means of payment for countries that have legalized bitcoin, but if it's to replace a real currency it won't be possible because of the volatile nature of bitcoin and many countries that have not been able to accept bitcoin as a means of payment.
True, the big consideration in accepting Bitcoin as a currency in full by a country is because of its very high fluctuation price.
So many people prefer to use Bitcoin as an investment and trading tool.  Moreover, to completely replace Fiat, I think it will be difficult or maybe never will be.
because it's in the interests of every country that has legalized bitcoin, it's not easy to unify perceptions and be able to accept what one country has done to bitcoin, so I think all of you are right, it's definitely not easy to accept the replacement of fiat to bitcoin.
actually what has been going on at this time is correct and still, fiat will always coexist with technological advances with bitcoin.
bitcoin to complete what fiat may not be able to do because fiat will also have drawbacks but not to replace because many countries are still used to trading with fiat.
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Offline kirshna01

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #113 on: August 02, 2022, 07:59:01 PM »
By the way, bitcoin is more acceptable in the form of money, the transaction which is the most prevalent, some major companies also transact in it. But altcoins also play the full role of their scope.
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Offline hobo66

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #114 on: August 21, 2022, 03:16:51 PM »
Bitcoin always remains on the top, it is regarded as most acceptable and preferred currency. Over so many years people utilize bitcoin as a currency for the process of payment and it is uppermost option of all the crypto users. Although there are various numbers of token but bitcoin is all in one and is most profitable, money making as well as advantageous currency.
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Offline alltalk

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #115 on: August 21, 2022, 11:39:09 PM »
Bitcoin always remains on the top, it is regarded as most acceptable and preferred currency.
I agree with you that Bitcoin is the most acceptable crypto coin as a currency/money. Bitcoin is the icon of crypto coins, it is the most popular coin. Bitcoin is also created as a digital currency by Satoshi, so it is clear that Bitcoin main purpose is for a digital currency. If more people use it for investment now, it is just another use case of Bitcoin.

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #116 on: August 24, 2022, 07:31:07 PM »
The Lightning Network has great potential for BTC to be used as a universal means of payment, similarly, new high-speed blockchains like Solana now NEAR can also serve payment needs. So I believe the problem is not with speed but with widespread acceptance. Bitcoin completely dominates this area, and I also encourage people to hold and invest in BTC instead of altcoins.
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Offline Carbitcoin

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #117 on: August 25, 2022, 06:06:47 PM »
I would rather trust those cryptocurrencies that are not the conditions of the crypto-currency market, and first of all, ethereum and bitcoin.
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Offline Condorlaib

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #118 on: August 25, 2022, 07:36:45 PM »
I would rather trust those cryptocurrencies that are not the conditions of the crypto-currency market, and first of all, ethereum and bitcoin.
It seems to me that Bitcoin is unlikely to be used as a means of payment, but nevertheless, as a reliable storage, Bitcoin is a good enough option.

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #119 on: August 25, 2022, 08:14:31 PM »
Well we all know bitcoin is much more acceptable as a medium of payment or a legal tender. Bitcoin has already built a strong foundation worldwide and its influence even on the government is growing rapidly. Soon we might start see countries accepting bitcoin as a legal tender in its law.

 

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