Bitcoin Forum

Due to how volatile prices of bitcoin are, they cannot be accepted anywhere in the world. 6000 dollars down in a mere time of 4 days! WTFFFF
its price increased by 20 dollars while taking a screenshot LOL

The USD moves pretty much every second. Bitcoin is just another thing with the similar situation on the price.

This is nonsense. The USD is perceived as of static value. Sure, it's value moves, but it's same-ish enough to be able to be used for daily usage.

It's actual value is DESCENDING since 1900, but since it happens in slow motion, people don't notice your purchasing power has only gone down since the last century.

BTC is an asset against this devaluation of the dollar, it cannot ever be used as a day-to-day currency unless everyone starts valuating everything against the BTC price and not against the USD price.

Think about what you just said, though. The reason it's accepted is because for the most part, we've been seeing gains of that same caliber. After all, this is the reason there are so many people invested in bitcoin right now.

Of course, it's very volatile and that makes it tough to use as a currency, but always remember that bitcoin is beyond a currency and it's beyond an asset at the same time. It's a unique form that people haven't really seen in the past, so don't get the investors and the users jumbled. I understand where you're coming from, but I think there's a long way to go in terms of bitcoin and we'll see some improvements (hopefully) in the coming year.

And what is wrong with that? If you are butthurt because you do not have any bitcoins at the moment then it is not my fault. Or if you are mad because you dump all your coins yesterday, it is not my fault too.
Came on.. We all know how volatile it is.

Welcome to our world, kid.

We call that kind of a swing "normal", "working as designed", "Tuesday"...

Those kind of swings are common. We even have a term for it; HODL...hold on for dear life!

After a drop like that you should be looking for the bounce, the support that's been waiting on the sidelines that just floods in and bounces Bitcoin off its most recent low from the correction. Check out the charts from 2017...astonishing stuff!

Cannot be accepted anywhere in the world? Welcome to bitcoin anyway, this is new to you guys but you have to be aware that this how volatility can give you the advantage of keep on buying. If you are talking about countries or governments can't accept this type of coin, they can implement it if they don't want to. But bitcoin has been accepted anywhere in the world for years already.

have a hot welcome Mr New investor, it will take a long time until you understand how all this system works! Just have a breath and try to learn how it works if you do not even have a single idea of how it does so.


It's funny because you are blaming the volatility, and in fact, if it is not accepted it is because of the fees, not because of the volatility.


We all love to see our balance going up, and without volatility, it wouldn't happen anymore, and i bet all my funds that you wouldn't be happy too.

if transacitons were faster and cheaper it could be accepted as a mean of payment, volatility wont affect this type of day to day transactions

The more popular bitcoin gets, the less usable it becomes as a digital currency. Transaction fees go up to crazy amounts and the network slows down. It seems to be a victim of it's own success, but maybe the next iteration of crypto-currency will overcome such an issue. It can still be useful in some situations, especially if the recipients don't have access to other financial facilities.

There should be a forum mod rule that states that any newb account has to say something meaningful, instead of complete garbage vomit. Otherwise it gets deleted.

Sadly there isn't.  ::)

Yeah, but the name and the trust is what makes it the future store of value, digital gold etc. and seen from that angle I actually think the high fees just makes bitcoin more exclusive.