BTC failing as a payment method

[Strongkored]

This failure is only temporary, there will be improvements although we have to patiently wait for it to happen, and Bitcoin will not always only be considered as an investment commodity because its initial purpose was as a means of payment

[de_prof]

Bitcoin is not failing as a payment method, Bitcoin is only facing a temporary problem which the cause is already known to be as a result of the ordinals. If the ordinals finally get off the mempool, the transaction fee will definitely become normal, these may take some time but I believe it will still get resolved and when ever thing goes normal again, we will forget about this current issues and pretend like it never happended. Every thing on earth has its disadvantaged and advantage and right now Bitcoin is still faced with this issue but that doesn't mean it will not get better.

You're right.
I also don't agree, if bitcoin is failing as a payment method.
It's just temporary.
But I see many platforms that more potential than bitcoin..Many platform there .
Bitcoin is just pioneer but not the best

[Out of mind]

Bitcoin's transaction fees have been so high for some time now that people are feeling very uneasy about trading. However, the transaction pressure is now less than before and the fees have come down and may come down further in the future. I think it was mainly due to the high volume of people trading in Bitcoin around Christmas Day which caused the fees to increase due to the high pressure. But we can hope that in the future, Bitcoin transaction fees will decrease further and then people will benefit from transactions.

[gunhell16]

If you really believe that the value of Bitcoin will increase in the future, you will not take the step to use it as a payment online. Of course, especially if you believe that it will be $100,000 and at least one bitcoin. That means there is no reason to pay it. You are just wasting Bitcoin when you do this.

Although, at the moment, the price of Bitcoin is decreasing, I think it is possible that it will only drop to 40k and then go up again. So far, I haven't seen any breakouts go up or down too much.

[owlest]

I have been battling with making a transaction for some days now and the fee is not encouraging
Even viabtc has been taken over by ordinals bot.
Bitcoin was crested to be cheap and fast but the scalability issue is affecting it.
Sigh Making transaction with fiat is way faster and cheaper.

In the festive period where transactions are rampant one can't even get any confirmation without paying an exorbitant fee.
What are your thoughts on this Decembers congestion in the mempool and how were you able to complete your transaction?

Bitcoin is primarily a store of value, similar to gold, and not designed for payments. To make payments with bitcoin, it is recommended to use the Lightning network, which is fast and has low fees. Simply transfer your bitcoin to the Lightning network and make your payment.

[WatChe]

BTC is still a great storage of value, decentralized (not really but could be worst..) and with the possibility to be exchanged P2P. So I'm still happy.
I don't really care about the fees, as I prefer to use XMR instead of BTC when I need to do some low value transactions. And we still have LN if needed.

I don't pay my groceries with gold, but with cash 

There are way around in such conditions where fee gets high. In fact LN is developed for such conditions. It's fast and cheap. So there is nothing to worry if BTC fee goes high because its temporary and there are alternatives.

Have a nice year ahead.

[Wiseman]

Bitcoin can pay for anything and not only on the Internet but also in real life, who travels like me probably see the icons ( cryptocurrency payment ) there you can pay for any purchase using a crypto wallet, only it is not always profitable, but this is another point, the most important thing is that it can and works.

[Cheema02]

Snip

Yes, the mempool holiday congestion has been really difficult. Notwithstanding the obstacles to transactions, Bitcoin dependability as a store of wealth makes it a valuable asset. For lower value transactions using XMR seems like a sensible workaround, and when needed the Lightning Network provides an additional channel. It is clear how flexible these systems are when approaches are modified according to the circumstances.

[Wiseman]

Yes, the mempool holiday congestion has been really difficult. Notwithstanding the obstacles to transactions, Bitcoin dependability as a store of wealth makes it a valuable asset. For lower value transactions using XMR seems like a sensible workaround, and when needed the Lightning Network provides an additional channel. It is clear how flexible these systems are when approaches are modified according to the circumstances.

In any case, they will soon figure out how to reduce commissions very much, if a transaction cost only 1 satoshi, Bitcoin would be much more popular, as well as its value, so it is too early to introduce such a feature, because Bitcoin today and without it is very popular.

[Tribalchief]

Bitcoin is primarily a store of value, similar to gold, and not designed for payments.

Really ?. Then the white paper shouldn't have been written in the first place. The p2p system of transaction was basically for what purpose?. Well I agree with the starter of this post when he said that: "it's only temporary", and I also agree with you by seeing it as something that store values. But I think it might remain temporary if we don't promote it use for daily transaction (p2p).
XRP are currently promoting the use of ripple as inter/intra bank medium of transaction which is currently making way for them. Bitcoin community needs to do the same for what we value.

[owlest]

Bitcoin can pay for anything and not only on the Internet but also in real life, who travels like me probably see the icons ( cryptocurrency payment ) there you can pay for any purchase using a crypto wallet, only it is not always profitable, but this is another point, the most important thing is that it can and works.

Paying with bitcoin may be easier for travellers, but it is currently not widely accepted in our country. While some goods and services can be purchased with bitcoin, but the options are limited. Additionally, paying with the national currency is often more advantageous than paying with bitcoin. However, it is hoped that in the future, cryptocurrencies (not just bitcoin) will be accepted as a form of payment.

[anshor1]

However, it is hoped that in the future, cryptocurrencies (not just bitcoin) will be accepted as a form of payment.

I like this, I hope at the coming future crypto currency can be payment method.
Maybe for now, at several countries  bitcoin and altcoins can't be payment method.
But crypto is the future currency, I believe it will be..

[ultrloa]

However, it is hoped that in the future, cryptocurrencies (not just bitcoin) will be accepted as a form of payment.

I like this, I hope at the coming future crypto currency can be payment method.
Maybe for now, at several countries  bitcoin and altcoins can't be payment method.
But crypto is the future currency, I believe it will be..

As long as we see bitcoin exist well we can provably see that to happen but for now lets enjoy what bitcoin can offer to us since eventhough we can't use that as mean of payment on nearest merchant still there's a lot of usage we can use for bitcoin.

But bitcoin future is so promising that's why for sure we can see a lot of benefits for adopting it and maybe in future we can see it being announce on big merchants that they accept bitcoin as one of their accepted currency.

[LogitechMouse]

Right now, Bitcoin can just act as a store of value for us average investor rather than a currency.
For sure, there will be some Bitcoin holders who will be using Bitcoin in their transactions regardless of the transaction fees.

For me, what I'm doing with my Bitcoin whenever I want to use it to pay something is just converting it into our local currency through P2P on Binance to at least lessen the fees. BTC transaction right now is a no-no for me because of the insanely high gas fees currently, and I don't know when will the transaction fees go back to normal, or worse we might not see it going down anymore because of these Ordinals.

If this problem regarding transaction fees will not get solved, I believe there will be a point where merchants who are accepting Bitcoin at first will just accept other altcoins to lessen the transaction fees.

[Ambatman]

Bitcoin is primarily a store of value, similar to gold, and not designed for payments. To make payments with bitcoin, it is recommended to use the Lightning network, which is fast and has low fees. Simply transfer your bitcoin to the Lightning network and make your payment.

Bitcoin was created to solve the flaw of the traditional fiat system. It was created as a peer to peer method to make payment without thirdparty i.e be your own bank.

Lightning network can't help now, if it could people won't be complaining. To find an open channel now is hard due to congestions.