Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Cici Lee on June 02, 2020, 05:38:08 AM
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Since last time the BTC Halving, the price of Bitcoin has once again broken 10,000 today, and Bitcoin has been promising since it was launched. As of now, it is still bullish for a long time. According to Mike Alfred, CEO of Digital Assets Data told Cointelegraph that he thinks that in the long run, Bitcoin will replace gold as the hardest currency for depositors. He also added, in a world where the economy is increasingly networked and virtual, Young people are more interested in Bitcoin.
Before you get the Bitcoin, you might think, where can I use the Bitcoin as the payment? Since bitcoin is relatively new, many companies are wary of price fluctuations, so bitcoin is not as widely accepted as traditional fiat currencies, and you may not be surprised.
Nonetheless, the numbers of retailer and service teams that accept Bitcoin are still growing. According to the Coinmap.org website, there are nearly 15,000 places around the world that can use bitcoin to purchase goods and services, but the number of suppliers that accept bitcoin may be much higher because bitcoin is already a legal payment tool in countries such as Japan.
You can buy food and drinks in many bars and restaurants around the world. In addition, you can also get various network services, book accommodation and air tickets, buy real estate, order pizza, consumer goods, pay taxes, and even use BTC to go to space with Virgin Galactic.
Well-known companies that accept Bitcoin
First of all, the benefits of using bitcoin for payment is to allow you to send funds to merchants equipped with functional bitcoin wallets, without the need for intermediaries, and at the lowest cost. Companies that provide goods and services in exchange for bitcoin will also benefit because they can take advantage of a growing crypto-friendly audience, transaction fees are lower than online payment cards, and they can charge without fees Solve the problem.
As you can see, many companies accept Bitcoin, but it also depends on where you are and what you need. Although Bitcoin is more popular among small merchants, some well-known companies also accept Bitcoin payments.
Microsoft - Currently, Redmond support using Bitcoin to top up their Microsoft accounts. Used in this way, Bitcoin can be used to buy apps or games from the company's Windows or Xbox store, however, it does not support buying things from the online store. Although the company's previous record of supporting Bitcoin is not stable, the support for this cryptocurrency is undoubtedly the sail of crypto promoters.
Expedia - The travel giant supports the use of Bitcoin through Coinbase, but users are advised to check the details in the terms of use.
Wikimedia - The parent company behind the Wikipedia platform, will accept the Bitcoin donation.
Subway - Recommends that customers check their local connectors for Bitcoin support, because some of them may now provide bitcoin support as in the past.
Playboy TV - supports bitcoin payments to those who want to use BTC to access adult content.
AT&T - American Telephone and Telegraph Company is a well-known mobile operator in the United States, offering the option of using Bitcoin for payment, provided that users pay through the Bitcoin service.
There are also some major players (as of October 2019) that do not accept Bitcoin as payment, because these market participants are usually the objects that Bitcoin users query:
Amazon does not accept Bitcoin payments. However, things like Wallet.io allow you to buy goods from their merchants in a more or less direct way. This platform will connect bitcoin holders who want to buy something on Amazon with people who want to receive bitcoin in exchange for placing orders from the platform.
eBay is another popular online purchase method. Similar to Amazon, it does not support Bitcoin as a payment method.
Starbucks currently does not allow to use BTC to pay for coffee or any of its products.
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Yes brother today btc reached $10000... Hong-Kong accept BCH and Ethereum but they don't accept bitcoin but bitcoin automatically halving....
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Indeed, the price of Bitcoin has been already above $10,000 today. It is a great move in Bitcoin even if in fact, the Bitcoin price dropped again. I am not sure whether it is a temporary decline or the beginning of another long bearish. I hope we won't go to the next bearish this year.
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It's nice to see BTC conquering the $10K price in mid-2020, hoping that BTC will hold this price until the end of 2020.
Regarding accepting BTC: I think we still have a long way to go with many obstacles related to legal status, transaction costs, user fiat using habits...
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Yes, it did happen Bitcoin did go above 10k and then with took a dive and is trading at 9.5k.
All those who did technical analysis and predicted a bullish pattern, did you guys see this coming with your candle stick analysis. I guess not!
This is why you should not believe in technical analysis of Bitcoin. It is so volatile no one can predict it.
To find out which companies accept Bitcoin check out this updated article about 39 New Global websites who accepts Bitcoin. (https://cointikka.com/who-accept-bitcoin-in-2020/)
P.S - Expedia has stopped accepting Bitcoin since 2018.
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Yes, that makes sense.
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I really hope that Bitcoin will continue rallying in the coming weeks.
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Yes, that makes sense.
What makes sense?
Please explain a bit, so people know what you mean clearly. I guess you don't want if someone reports you because your post is indicated as spam.
I really hope that Bitcoin will continue rallying in the coming weeks.
All people must have the same hope as you. Not only Bitcoin holders, but altcoin holders also. We know that Bitcoin has a big role to determine whether the market to have a positive trend or a negative trend. Bitcoin price influences the prices of most altcoins, except stable coins. In this matter, the Bitcoin price move is the determinant of what season to happen in the near future, whether bullish or bearish. Whereas it doesn't always happen in every time, there is time that the price of altcoins can have a better move. However, overall, the Bitcoin price is still the key to market trends.
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I think more and more public service will accept the bitcoin as a payment method.
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Of course.Bitcoin is the most exciting and promising currency development since the development of fiat currency, and has ignited the imagination the general public eager for an alternative to fiat currencies and precious metals. This is followed by the fact that Bitcoin is an asset that has almost unlimited potential.