Bitcoin Code – I can not remember it

As currency thought, but used to speculate above all, the Bitcoin-altitude flight is the original purpose of the crypto money in the way. As payment he is however, hardly suitable. Dealer draw the consequences already.

“I can not remember when the last customer has paid with Bitcoin,” says Niels Göttsch. The owner of the coffee bar phosphor in BerlinNeukölln is far from being the only store operators, which it goes like this. Although Bitcoin established in Bitcoin Code the financial world and hurries from one record high to the next. Since the beginning of the course of 1000 has risen to temporarily over 20,000 dollars. But this success leads to a dilemma.

After all, what was intended as digital currency threatens to become pure speculation. To pay suitable Bitcoin thereby only partly. Extreme price fluctuations are uncomfortable for shop owners and online retailers – prices must be constantly adjusted. And who wants to spend money that does not have a stable value and invites rather to speculate on price gains?

Nobody uses Bitcoin Code more to the numbers

In Berlin, where offer more and more hip cafes and start ups Bitcoin payments for years, the problem is already making noticeable. Initially, there had been about ten Bitcoin payments per year at least, says coffee bar owners Göttsch. Meanwhile, the transactions were all but dried up. “Employees already forgotten how that works with the Bitcoin acceptance at all.”

The Berlin pastry Engelmann gets lately Bitcoin no longer requests. There had been problems repeatedly says owner Michael Engelmann. For example, customers accidentally had twice transferred the money, because they were not sure whether the transactions real user reviews for the bitcoin code system have actually occurred. Here Bitcoin seemed for a while as a payment method on the rise.

abolished because of “low demand” again

In the US, major corporations such as Dell, led Expediaor Microsoft crypto currency already in 2014 a payment option. Also Ebay flirted time with it. How does it look today? Computer giant Dell has abolished Bitcoin payments due to “low demand” again. Ebay is Bitcoin Code enveloped about Bitcoin plans in silence, even ex-daughter Paypalgives no information about crypto experiments. Microsoft will also not comment on his Bitcoin experiences.

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The online travel agency Expedia accepted Bitcoin Although still – but still only with hotel bookings on the US site. To start over three years ago it had been called, the offer will be extended if it arrive well with customers. After all: According to a spokeswoman, the transaction volume has doubled in the last ten months. Concrete figures, however, she did not call.

Nearly 20 Dollar Fees per payment process

In early December even saw the online computer game retailer Steamdespite his cyber-enthusiastic clientele forced to stop Bitcoin acceptance. The fees have increased rapidly – from initially 20 cents per transaction to last almost 20 dollars. Add to this the enormous fluctuations in value. “If the transaction is not completed on time, the amount required for payment can change,” it says at the online retailer.

nevertheless the leading Bitcoin payment processor Bitpay draws a positive conclusion for 2017. “Anyone who does not live under a rock, will have seen that the daily transaction level has reached new highs this year,” it says of the company from Atlanta. They had first made payments of more than a billion dollars, the growth amounts to 330 percent over the year.

Even when Bitcoin cash it does not look better

This sounds strong but faded in relation to the Bitcoin price rise, which was in the same period in the peak at more than 2,000 percent. And in terms of e-commerce market as a whole, the volume is rather modest. For comparison: Alone in the price battle “Cyber ​​Monday” was spent on the Internet more than six billion dollars – in one day and only in the US.

The Bitcoin community is well aware that the collection by speculators can harm their goal of a free currency, the dollar or the euro could compete. Not least in order to facilitate transactions and to oppose the Zockerei something was cleaved what are we testing from Bitcoin in August after long wrangling in the community of Bitcoin Cash.

Since the course is but explodes again. And the attempt of the trading platform Coinbase to take Bitcoin Cash has only led to further turmoil – the hype about crypto money seems just too big to keep out speculators.

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