Bitcoin Forum

Bitcoin transactions are way slower than other cryptos and fees are high, and when you pay with bitcoin you pay with only fractions of it, so do you think it is possible for bitcoin to become a daily currency? Something you can use to pay for coffee? If no, then what cryptocurrency have this potential?

It's likely right now for Bitcoin to become a daily currency because of high fees and long confirmation time. Also because many people consider Bitcoin more an asset and speculative tool rather than a currency.

Bitcoin will not become a daily currency, fees are too high. There are plenty tokens with low fees which can be used for daily trades.

Yes there is possibility, and looking forward to it, I mean one day if we could just top our digital wallet on a scanner and we can have buffet for dinner.
Many people are trying to find ways, for them to exchange their service for cryptos, in our country catering private service is accepting bitcoin for cupcakes.... Lets wait other also for them to prepare themselves with this kind of transaction.

well, you need to be using cryptocurrencies first before starting a topic about them. and you my friend have not been using bitcoin or any other cryptocurrency. because if you did use bitcoin then you would have already known that bitcoin transaction fees are not only not high but they are at their lowest right now. and transactions are instant the confirmation takes time which is limited by the time a block is found, 10 min on average.
before moving on i have to mention Lightning Network which is currently working and transactions on there are nearly free and instant.

regarding other cryptocurrencies if you ever use any of them you will see that they also have similar issues to bitcoin. some even more serious issues. the fact that these issues are not surfaced yet is because nobody uses them. it is like a highway with a big ditch in the middle of it that only 1 car per day passes that highway. nobody will hear about that ditch until the highway is used more often and disasters happen.

Well I accept Bitcoin payments on my store, I don't really care about the transaction time and fee as long as the payment is successful, however, I was thinking about the posibility of Bitcoin (or any other crypto) of becoming not only a daily currency but maybe a worldwide currency?

I think bitcoin is too slow in terms of confirmation, it can even take hours. Another crypto that might be better is eth.

maybe bitcoin takes a lot of correction if you want to use as a means of daily payment, bahwasannya very slow confirmation takes hours to make jams of small transactions. maybe another crypto could be faster.

Yes, bitcoin can become a daily currency if one create a digital wallet and then can swipe over our phone or maybe even a card. This will create easiness to the billing system.

then it is even more strange that you are saying fees are high now that they have been extremely low for a very long time!

as for the possibility, bitcoin is currently a daily currency and a worldwide currency! look at some stats, there are lots of users from all around the world, there are bitcoin nodes from every country on earth, there are merchants in most countries, and according to BitPay they are processing $110 million every month and that is just one payment processor we can't measure the whole thing there are around $1-$2 billion transferred through bitcoin on daily basis!

i think the first priority for us to use bitcoin for daily life payments is low fee and convinient, however bitcoin is not, we all know bitcoin is extremely slow is making blocks confirmations, it needs more time to make transactions, but we need everything fast and convinient in payments nowadays, so bitcoin is not is good candidate to become a daily currency, i personally don't accept bitcoin become payment currency.

tis already a daily currency it depent on owners if they want it to be used as payement methode on there service /shop like steam did

Bitcoin doesn’t need to be an everyday currency, but rather serve as the store of value in the representative form of digital gold. If that is the case, then higher transaction fees and long confirmation times reduce the incentive for participants to move money, leading to more hodling, theoretically reducing the supply and increasing the price. Other currencies can then serve as the decentralized payment method to allow for fast and low-cost transactions.

No, btw I've seen similar thread today) BTC is not payment tool at present. It should be criptocurrency with very low transaction fees at least 

This is going to take a lot of time. No, crypto currency has this potential currently. Also, such chnages will happen gradually but people will keep using cash for smaller transactions.

Without changes to the basic structure of bitcoin, I don't see it being used for coffee, directly. And I'm a coffee fanatic, so this disappoints me a great deal more than it probably should :D

However, Lightning network has the potential to change that. While not DIRECT, it still makes it possible for small transactions to be both viable and affordable, much in the same way that a Visa card makes access to your bank account (which takes FAR LONGER to settle than a bitcoin transaction) available and accessible at merchants.

I know I'll catch some flack about that, so I'll just be out with it now. I'm in favor of Lightning, and yes, I do realize it is somewhat contrary to the 'original' vision of Bitcoin. That being said, it solves a great many of the problems that are currently plaguing bitcoin and creating barriers to general acceptance. After nearly 8 years of direct participation, I've seen great strides in the Bitcoin and Cryptocurrency sphere... but it remains a niche. Lightning could make it scale to the mainstream.

Isn't that what we want?

for the moment I think it is impossible, it's about transaction costs and delivery takes time
just imagine if bitcoin is used in everyday life, for example when you are queuing to pay for toll road, imagine congestion on the toll road that happened, due to too long waiting time of payment confirmation.  :D :D :D
it will create congestion "worst". throughout history due to bitcoin  ;D

Everything is possible. The currency use is basically based on trust. The more people adapting a specific coin, the more legit and used it is. Let's see what the upcoming 20 years hiding from us.

Pay for coffee is possible, there are even existing coffee shop that accept bitcoin as a payment across the world, but payment for every thing I think is is far enough from reality. Let says you see an exotic street food during your travel at thailand,  those side walk vendor won't accept you bitcoin payment, some even don;t accept dollars. That is my local fiat were present to be a legal and popular tender on each country.

Until the capital gains tax situation is either changed, or supported with a new app or something, Bitcoin can only be a commodity and store of wealth.

Otherwise, the IRS will want to know the capital gain you had every time you buy a cappuccino with your Bitcoin, and that would be a book keeping nightmare.
I have not sold or spent bitcoin anyway. 
HODL!

Yes there are many improvements that bitcoin needs and our society that received it. Everyone should be aware what bitcoin is so that they know on how to use bitcoin and knowing also the big potential of it. Bitcoin can enables sending money wherever we are but the fees are the problem and we should be focus on that so that it can be low and many people can be able to use it.

It can be use daily if your government legalize it. I mean it can be subject to tax. What we can do for now is to face this. It will be fix soon and to near future.

Bitcoin cannot be a daily currency. Specially for countries that have high poverty rate like the third world countries. And not all people know about bitcoin. And not all people have an access in the internet.

Roughly 20 years ago, I said the same thing about cellular phones.

Bitcoin will be able to become a digital currency for daily purchases of small value, if it successfully implemented a network of lightning or phantom. Then it is expected that payment in bitcoin will be made almost instantly and with the slightest transactions, which are literally several tens of satosh. However, the lightning network is still being tested and when this project can be implemented in bitcoin, it is not known.

Your post answers your own question. Let me clarify this by getting the key points from your post:

1. Bitcoin transactions are way slower than other cryptos
2. fees are high
(taken from the first line)

With these points, can you say that Bitcoin is practical for a daily basis currency? It's an obvious no for me.

ETH, LTC, BCH are much more suitable for this practicality.

I think it will be very hard for btc to become a daily currency. it has too much value atm.

It has already become it in several space where it is being acceptable. Countries cannot stop the cryptography world as long as they cannot stop the internet. Bitcoin has come to stay because it has gone thru alot of turbulent times in its acceptance. Can this work, Yes.

Not, obviously and never will be. Transaction cost is huge and it's getting worst. It needs upgrade to make it useful for us for our daily use. Cryptocurrencies are source of income for everyone. So no person is dumb enough to spend it for his personal needs. Why would you use cryptocurrency to buy your needs if theres cash. It's fast and low cost. Anyway, LN(lightning network) should be implemented to make faster transactions for Bitcoin and make the transaction fee more cheaper. But still on development.

why not? of course it can and infact we are now already using bitcoin as a daily currency ever since it was begun to boom but we are using it mostly in online and right now they were still slowly implementing the use of it in an offline environments. yet it is still workable and possible to use bitcoin offline due to the fact that some countries now are already using it as a payment method on some malls , restaurants , bars , etc.

transaction cost does only depends ( depends on your wallet , depends on how big or small your transactions , depends on the exchange, depends on the price , etc ) but majority of people are only using bitcoin as an investment and not a payment tool , you must rather use other alternatives such as altcoins for a much reasonable fees.

BTC will fix its issues.  It has a tremendous amount of influential backers who truly believe in it.  They are just working out the issues and will grow into a better version of itself

bitcoin as a daily currency is possible, why not ? the transaction fee is quite high indeed.
not only bitcoin, but other cryptocurrencies could become a daily currency too.

IMHO, Bitcoin can act as gold or diamond or whatever treasure. It is the base currency. The high fee and long confirmation time are the weak points of it. Moreover, there are too many coins out there is better than it for using as daily currency.

I will not use gold or diamond for daily use.  ;D

In the alternate for the bitcoin there are many coins which are are saying that they can take place of the bitcoin to give more better than what the bitcoin is giving his contribution for the big transaction , but in my opinion digibyte and etherium can do the best as an alternative of the bitcoin .
But still here currently I don't think that we need any optional cryptourrency Because we have many options to lower the fee of the bitcoin transaction, for example we can use segwit wallet address for the transaction to lower the fee and also we can use third party option like to use yobit code at yobit.net exchange free of cost to make transaction .

Then you have to wait 30 minutes to have breakfast? Or you want to pay the fee which is more expensive than your meal?

Bitcoin does has the potential to become daily currency, but not now, there are tons of things that need to be done, to be able become a daily currency bitcoin need to be more stable, the transaction speed and the high fee will be solved in the future, the most suitable currency is still bitcoin because it already got a lot of users and a lot of people know bitcoin

I understand that other countries are already using bitcoin in buying usual stuff. I sometimes use bitcoin in sending and receiving money. I think that in the future more and more people will be using bitcoin because it is convenient.

We cant say if bitcoin can become a daily currency due to high fees and slow transactions but in this world nothing is impossible maybe in the future bitcoin become more reliable in transaction, we wont know unless we see so lets just wait in the future and stay contended in what we have

I don't think so that bitcoin can became daily currency as now bitcoins is very volatile and unstable which makes it's not suitable for being used as daily currency.And confirmation of transactions is also slow and fees are high but it would get solve as soon as bitcoins implement Lightning network.But bitcoins ain't showing any signs of becoming stable.

I think bitcoin will not be a daily currency. Many countries have not approved or legalized bitcoin as a currency. Bitcoin takes hours to confirm, maybe another alternative solution is another crypto like ETH.  :D

No please, waiting for my GF is enough , i won't have time to wait for another unconfirmed transaction, specially when those are heavily amount .
One more thing fee transaction will be insane, sometimes the fee transaction is double my payment....

I dont think so for now. The unstable price chart can tell. Also not all have access to the online world. There are still more cities which lacks education on bitcoin.

Currently bitcoin can not be used for everyday purposes. Because the price or bitcoin value is very high. Uncertain bitcoin fluctuations are the reasons why transactions of everyday necessities. But the government let bitcoin just to invest only. Many people are still not familiar with bitcoin so they still rely on fiat money for daily needs. The state has not yet facilitated the market with this bitcoin digital money. Maybe and hopefully with the advancement of technology all will go smoothly.

If they find something to solve  the scalability problem then it is possible i guess . But there are so many other coins working on that problem that i am scared it is gonna be to late for bitcoin.

Its impossible to happen. Bitcoin is designed to become a storage of wealth. If you want to buy coffee then convert your bitcoin into bitcoin - cash. That is the purpose of BCH.

I think all the coins can be used for daily needs, I say this because now many are making a payment platform, you can use any coin in the transaction, not just bitcoin only. there are even such platforms in some countries

yes, we admit that this is one of the weaknesses of bitcoin, not just slow, but also expensive fees.

and I think this is the aspect that bitcoin should fix, and to pay for something as small as to buy coffee would be difficult, I never thought about how technical they are to make coffee payment transactions. such as in Canada and in japan.

please explain to me how technical? is it using exchange?

If bitcoin accepts many amendments, if you want to use it as a daily payment medium then very slow guarantees, it takes a few hours to make small trading jams. Another crypto can be quick.

It all depends on the policy of a country, can or not, so far bitcoin is still often used after being converted into local money.

yes but it will happen only if mass adaption would happen which i think will occur soon, but another thing about bitcoin is its price, it is too volatile so some might be hesitant to use bitcoin as a currency.

Bitcoin can be possibly use as our currency in daily lives however it will take so much time to check and review how secure it is. Bitcoin must be centralized so that the Government will be the one to take over it and implement some rules and regulatuions for the protection and security of investors or people who are using this crypto currency. As of now, Bitcoin can be used for fund transfer and payment of monthly bills thru online that has no hassle and free of charge. It can be used as mode of payment if we bought some stuff thru online store. Let's just hope and  enjoy the goodness of Bitcoin as of the moment and wait for the perfect timing.

the price still so volatile/fluctuation and the transaction really takes long time. Not possible right now

I do agree with you. There's no stable price for bitcoin. If ever it will be the daily currency, then everything that is paid through bitcoin has no stable price also. Tendency would be, people will be confuse on the price. And yes, bitcoin transactions takes too long for it confirm and I don't think that there's someone who is willing to wait to just to confirm it for a coffee or whatever it is.

maybe it will not be bitcoin. But the other is a crypto currency. Bitcoin is very volatile, this does not allow him to become a settlement system

yes bitcoin can become daily currency but this all will happen in the future it is possible that we can start using this money and when we give this option to those from which we will receive some money then this trend will be normal and with all this we want to give some strength to the money those who have some of the crypto currency then they can cash out this any time So if bitcoin is accepted every where we can say that bitcoin become daily currency.

Bitcoin becoming a daily currency is possible when each and every people around the globe has got good knowledge about internet and related activities. Right now very few governments around the world has recognized bitcoin, and upon the same I believe in future can use bitcoin as daily currency.

I think most of us in the crypto community wants bitcoin to become a daily currency. But unless they fixed the high transaction fee, bitcoin becoming a daily currency will just be a dream. But in the mere future, hopefully, bitcoin is accepted used by the society.

It will be cool, if big all in one markets accept bitcoins. But little magazines cant do this due to network scalable.

Right now, I don’t think Bitcoin is suitable for daily currency. However when the lightning network is launched, it is possible.

yes there is a possibility in the next few years bitcoin will be used as a means of payment transactions or buying and selling tools. With the growth of its time may be in various countries or in Indonesia,
semogga bitcoin is becoming increasingly widespread.

I do not think that the high fees or the transaction times will be the problem. From all I know the lightning network is capable to solve those problems.
If you want bitcoin to become a currency for daily use it would need to become stable at first.
When people have to pay highly different bitcoin amounts within a small period of time in order to get the same good, I am sure that not many people will do that.
But do we really want a stable bitcoin?
I suppose that Bitcoin will stay what it already is, a very profitable investment.

The slow transaction processing and fees have to be resolved for us to be able to use bitcoin as a currency.  Plus the volatility of the price.  It's a good thought, a cashless transaction but there are a lot of issues that needs to be resolved before that happens.

Essentially i think.. bitcoin will become a daily currency if the governments has supports it.
And i think it would be more appropriate if bitcoin is more used or will be highlighted for more used in transactions in everyday life than other cryptos such as ethereum, due this is the crypto king that was first recognized by many people from different countries, and some countries have validated bitcoin as the currency approved for payments than other cryptos.

The price of bitcoin is not stable and at the moment it is difficult to imagine that it will be possible to pay for it every day for goods and services. The popularity of crypto currency is growing, but not so fast, although there are cases of selling goods for bitcoin, but there are not so many.

If lightning does what it promises I think Bitcoin can become a daily currency but I also think it should be more stable to be uses by companies. It's extremely difficult to set prices in BTC at the moment. A lot of companies set prices in $ or € and you have to check on a converter how many BTC you should transfer. This is not the most easy way for the non-crypto investor to step in using BTC.

Also the way to get BTC and store them are still not that easy for people who aren't really into Tech and computers. For most of us here it's not really difficult to understand how to store it safely and how to acquire it but try explaining it to your father, mother.

I think everyone on this forum would like to see BTC become a daily currency but we all know how it works. For it to become a common currency people without crypto insight should be getting on board and start seeing the benefits crypto can offer.

I don't think so, for now, because not all country or people have known bitcoin yet, some of them are still wondering whether they were going to accept it, adapt it or use it, for them to make a daily currency like when buying something in the convenient store or in the market like people usually do, there's still need of legality and a confirmation of it before it happen, but like we all know nothing is impossible now with the kind of technologies that we have today, with all these electronics machine, gadget and all that everything can happen.

I think I have to agree with you in this one, Bitcoin and its price is becoming more of an investment asset, BCH has more chance to becoming a daily crypto, however I think they should develop something like Litepay or Bitcoin will still be preferred for payments in my opinion.

Now it is difficult to talk about it, as bitcoin has not yet developed to use it daily for small purchases. However, I know that the work on the size of the commission is going on, and quite successful, so in the future it is quite possible that we will be able to buy a cup of coffee for bitcoin without commission.

it is still too early to discuss it, the main vision of bitcoin is to become the world's currency. but after seeing the rejection of various countries against bitcoin, I think it will be very difficult to be realized.
besides bitcoin, can be said not perfect to be the daily currency, regarding transaction costs and delivery confirmation time
time consuming and cost, bitcoin is more suitable for large transactions
such as buying and selling between companies that use large funds

Lightning Network is supposed to make this happen, let us see when LN is fully implemented if tx fees and confirmation time is greatly lessen. We can only hope that tx time and fees will be solved not just for daily tx but also for bitcoin to be always on top.

Thanks to the introduction of Lightning Nerwork, bitcoin lost the problem of long waiting for transactions, but there still remains a high transaction cost compared to, for example, Litecoin. I hope this problem will be solved either, or bitcoin will become an asset for long-term investment, and not for making everyday payments.

How much time ago did you send your last transaction? Many people are constantly saying that Bitcoin transaction fees are too high and it takes a lot of time for them to confirm. These days transactions are quite cheap and it takes around 10 minutes for confirmation. Bitcoin could become used for daily purchases thanks to the Lightning Network which is even faster (like debit cards) and usually cheaper than on-chain transactions.

The fees of bitcoin transaction is high therefore now this will be hard...eth transaction fees is just 0.8$ in the worst case and the transaction is fast so eth can be a daily currency
We talk just about the present

Currently, bitcoin can not become a crypto currency, which could be used for daily purchases of small value. The reason for this is its low scalability, hanging due to this transaction and high commission fees for conducting these transactions. When these problems are solved, calculations in bitcoin will be carried out very quickly and with a small commission, only then bitcoin can be used for daily purchases, including small value.

it is possible that our daily currency is bitcoin because today is known bitcoin in many countries and they enjoy it in fact there are countries that can pay bitcoin. Bitcoin was originally developed with the hope of eventually eliminating the need for conventional currency and traditional banks. Whilst cryptocurrencies, and in particular Bitcoin, have grown significantly in popularity.

At the present time, it's not yet possible for the bitcoin to become a daily currency. People from all over the world should first be aware that there is this kind of cryptocurrency going on. Not all denizens have heard about bitcoin. Only a minority of the world population has ample knowledge about this virtual currency. I think there is a chance that bitcoin can someday be used as a regular currency to be used everywhere but I guess it would take about a decade from now before it will happen. At that time, everybody will be aware of bitcoin and a more advanced technology will come out to make the bitcoin's transaction a much faster and smoother one.

How can Bitcoin become daily currency if the transaction can not be canceled? this will lead to massive fraud, because you can not return money for example for a damaged product...

My opinion is that Bitcoin could become a daily currency, but because of the length of its transactions, it is unprofitable.

If they can figure out a way to confirm transactions faster than yes.

I think that at this very moment, under the current conditions of bitcoin it would be difficult to think that this could happen in the medium term, however I am convinced that there are still many things that can be done to improve the usability of bitcoin as a currency of daily use, although it may never be efficient for the realization of micropayments, but for larger transfers, such as buying a car, a house or things like that.

Bitcoin was created especially to become a currency that can be used to pay faster and with lower fees but as we can see bitcoin is now used just as an investment to make profit out of it and only a very few people actually use it to buy things online, offline I think no one uses it maybe only 2-3 person's. Thats because there arent a lot of shops where people could spend bitcoins, especially offline. I mean there is no coffee shop's, no fast food shop's, no clothes shop's so people dont have where to spend bitcoin.

Though bitcoin the king of all cryptocurrencies bt I think bitcoin can't become a daily currency. Because it is tx free and transactions fee is too high and slow. And many governments don't like bitcoin. So, overall bitcoin can't become a daily currency. But we love bitcoin and bitcoin are our future.

Yeah it can become a daily currency as I have seen a flying company stars to accecpt its tickets in bitcoin and KFC also authorize to pay the bill in bitcoin and the speed on which bitcoin is gaining popularity now, a day will come when bitcoin will replace the solid currency.

Right now not but in the future i think that can happen

It will be difficult for Bitcoin to be the daily currency. Considering the daily need of internet connection to be able to access it. Likewise, the high fees and slow transaction, it would be hard to say that. I think there is no altcoins that can be a potential for daily transaction. Fiat currency would still rule and will always be the easiest way.

I think something will happen and technological developments will dominate the world one day the vehicle no longer use petroleum power anymore and replaced with electricity and all will be done by the robot factory or even drive we just enjoy it as well as the currency will be virtual coin or any bitcoin and altcoin will be more advanced and can turn off the American dollar someday

I can’t see the posibility right now. Still it cannot replace fiat but, in online shopping maybe at the convinience of your own home and computer with no hurry and no people falling in line after you in the counter. Though there are lots of online shoppings that are paid in bitcoins still nothing beats fiat, may it be cash or credit card. The transactions are fast and no hassles.

bitcoin is currently a daily currency and a worldwide currency! look at some stats, there are lots of users from all around the world, there are bitcoin nodes from every country on earth, there are buyers in most countries

It might be slower during last time when it's on ATH but now the fees are very calm and transactions are faster again.
Yep, there's nothing wrong on paying fraction and its all depending on the dollar value of what you are  availing.
Yes.
Yes it can be used for paying coffee now. ;D Last time I transacted fee is only around $0.1

While bitcoin is not going to be very fast in its transactions, it will not have low commission fees when they are held, that it can be used with daily purchases, that is, purchases with a small value, can not be said. Therefore, bitcoin urgently needs to eliminate its shortcomings and constantly improve. Otherwise, rapidly developing and improving other crypto-currencies will displace bitcoin as a means of payment.

Good god people is anyone going to bring up the LN network, do any of you do any homework or just spread FUD?  Honest to god it's so damn annoying.  If you're not educated..as a bitcoin supporter..than how are you going to teach non-believers?!  

Lets start here- https://medium.com/@melik_87377/lightning-network-enables-unicast-transactions-in-bitcoin-lightning-is-bitcoins-tcp-ip-stack-8ec1d42c14f5

Learn more here - https://blockchain.info/charts

Also do yourself a favor and follow one of the brightest minds in bitcoin and LEARN something for once- https://www.youtube.com/user/aantonop

         I think bitcoin will not become a daily currency because of it's volatility and being decentralized. You also consider the use of internet for every transaction together with higher fees. You can use bitcoin as payments for electric bills and loads but not at all. You always need fiat money to buy your needs because it is easy to access transactions and i think cryptocurrency is just usefull for online transaction and it is impossible to be a daily currency.

bitcoin has become one of the daily coins in many countries that legalize bitcoin. bitcoin can be used to buy in a restaurant or cafe. so I think bitcoin will have that potential.

With current bitcoin problems such as transactions time, I don't think bitcoin can be used for daily transactions. But for sure blockchain technology will be very useful for all the payments and transactions in near future.
I think Ethereum and its tokens have the potential. But they still need to be improved.

With the Internet being available to more and more people around the world, anything is possible with cryptocurrencies. Mass adoption is hindered by government regulations as well as technical issues, the latter is much easier to overcome though. Bitcoins is the first cryptocurrency, more or less nowadays its considered a storage of wealth aka "digital gold",  though I am not sure if Bitcoins become the widespread digital currency that everyone will use, but surely in the coming years there will be several digital currencies that will end up being used on a global scale. That cannot be stopped! 

look up multisig...

sorry, this is a fallacious argument. I'm going to take the high road and assume you don't know better. Frankly, and I speak from experience, PayPal is orders of magnitude more dangerous in this respect than Bitcoin.

With a 2 of three multisig, obviously you introduce a third party, but the issue can be arbitrated, adjudicated, and settle very quickly.

As for the issues with 'stability', I think this needs some looking at. It's not bitcoin that's unstable, it's people, and fiat money. Bitcoin's PRICE is unstable, because currently it's used primarily to move money of other sorts, or as an investment vehicle, therefore it's price is subject to massive fluctuation due to very small actual fluctuatons based on 'news', usually otherwise known as fud. Bitcoin itself, however, reliably adds a block approximately every ten minutes, and will continue to do so as long as at least two miners are connected.

It grew too fast this past winter. Anyone in the game long term has seen this before, several times. If, however, it starts being used for small, frequent transactions, as LN will make possible, then its market price is likely to rise slower, and fall slower, as it will be in CONSTANT use and demand. Scaling is the main issue to general adoption, followed by ease of use. Or at least that's my arrogant opinion.

Right now, or even in late December of 2017, Bitcoin is ridiculously undervalued compared to its potential utility. But we need some quick scaling solutions to get it there.

If Joe Public can use bitcoin easily from his Cell phone at Starbucks, he will. This will DRIVE the market, rather than following it. This will cause bitcoin to grow in price and stability. Price first, but the dips will not be as severe, because it WILL BE being used in small transactions with great frequency. This is the key.

As a store of value, it fails. As a speculative investment, it has been one of the best out there for several years, frequently outperforming the general markets by orders of magnitude. But it's a relatively small number of people using and adopting. New blood, recently, has mostly been on news, not on use. Given that the mainstream media gets it right about one out of ten (and I'm being generous, on any subject), this leads to a lot of ill informed people acting out of greed, FOMO, and misinformation. So it shoots up like a rocket.. and drops like one. But if the volume of transactions approached visa's hourly total in a week's time, the growth would be sharp, but not parabolic.

Yes, it can be a daily use currency. And likely will be. If it does not become so, another crypto will. The genie cannot be put back in the bottle, and fiat's days are numbered, sequentially.

I think bitcoin can become a daily currency given that it gets more support from the community now. However, price-wise, we should establish that bitcoins must have a stable price first before being considered a daily currency. People should always consider first the total supply.

Yes! :) if businesses and more big investors will support bitcoin to be use as daily currency or can be an alternate payment for goods and trades. So the only way to make it happen is for people to support bitcoin, make it stronger. Strenghten it.

Yes, it could be use for daily currency. Bitcoin has the only crypto that accept by some store specially some online shops.  Bitcoin is the only possible now that can be a cryto that used for now because it is the coin that are too longer and also the mother of all crypto.  Ethereum is good also for currency but ethereum cannot fight bitcoin because bitcoin was more popular than ethereum.

It is hard to pay things, foods, clothes, etc. using bitcoin because the price of bitcoin was not consistent and it pumps and dump too easy unlike the fiat that you cannot feel the change.

bitcoin can be a daily currency if the government cooperate with it but it will keep the local currency as well. but i think in Europe they were already using bitcoin as term of payment in some store.

I think, bitcoin can not be a daily currency because of other high fees and confirmations that take a long time and people may not be interested in using it

Yes I can buy some things via BTC
In the future BTC or any antcoin will improve payment system

bitcoin to be a daily currency I think this is not an easy thing and of course need a long process because not everyone can accept bitcoin as a daily currency. and some of the people of course do not yet understand fully in terms of transactions using bitcoins.

Of course Bitcoin is spreading  wider and wider. More and more ATMs around the world. But I don’t think it will become the currency for common use in a near future. Cash today is traditionally has its strong positions.

Truly there are numerous enhancements that bitcoin needs and our general public that got it. Everybody ought to know what bitcoin is with the goal that they know on the most proficient method to utilize bitcoin and knowing additionally its huge capability. Bitcoin can empowers sending cash wherever we are however the expenses are the issue and we ought to be center around that so it can be low and numerous individuals can have the capacity to utilize it.

yes bitcoin could become a daily currency if all governments regulate it, fees are down to less than a cent, transactions are 100% confirmed by the next block and safety is guaranteed for everyone. It's still a long road to go and many competitors are out there to push bitcoin from its throne. Also majority of people still don't know what bitcoin is and we need to help them using it and get to know about bitcoin so spread the word & help nonbitcoiners out there.

This can happen. The possibility is high since the total supply of bitcoins is plenty enough to accomodate everyone across the globe considering how much of a fraction is used per bitcoin. So we can actually use bitcoins as a daily currency to buy our daily needs.

As of now we cannot say  that it can be a daily currency, due to the changing of it's value.Sometimes it will dumb and sometimes it will pump therefore there is no stability so if a certain currency has no stability you cannot call it a currency.

bitcoin is a digital, virtual currency that uses encryption to facilitate the management and exchange of funds , this sounds comical given its intangible however if we sit and think about it , it makes a lot of sense. the miners are the ones who have invested heavily in equipment that solves mathematical problems to create unique blocks in a chain which are added to the bitcoin ledger . this results in blockchain creation and so you are able to now distinguish the bitcoins as they are unique in order to make transaction legitimate as well as ownership confirmation. if we can get the creation of a bitcoin exchange trading fund then we would be well on our way to creating a daily currency.

Bitcoin can become a daily currency and hopefully it will as time goes by! Imagine going to the groceries, doing shopping, etc. using Bitcoin as your method of payment. That would be so hassle free and fun at the same time.

Everyone wish that bitcoin is our daily currency,  but don't lose hope because it will come at the right time.  Important is,  you always believe in bitcoin and its gonna be okay someday that bitcoin is the main currency that we used in our daily life. 

With the current status of Bitcoin with high  fees and takes longer transaction time, it is highly unlikely that it will become a daily currency. Bitcoin today is used as an investment platform, it is an asset to potentially grow your money just like that of the stock market. I think people should fix this idea and start thinking of Bitcoin's true purpose which is to become an alternative day to day currency.

As far as I know buddy it will depends on your society. Also, the kind of store since as of this time only few stores around the globe that accepts bitcoin. I would say bitcoin become daily currency if there are many store will accept bitcoin since the particular place need a strong internet connections in order to have a consistent transactions from bitcoin to bitcoin or bitcoin to fiats.

there is no guarantee that bitcoin will be the daily currency. I think this will not happen because bitcoin currencies greatly fluctuate their movements non-stop. but you can see into the ripple they have a better future of bitcoin

It is a possibility, using the fast-growing technology bitcoin can be used in digital wallets through NFC technology in cards or mobile phones. It will provide quick and easy transactions for business purposes.

I think an unstable price can still be tolerated by the auto convert technique to fiat so you can avoid losses if the price drops after they send bitcoins to pay, but the main problem is transaction fee on bitcoin, I don't think many people would use bitcoin for daily transactions if the fee for a one-time payment could reach $5. You want to do that mate?

There is always a possibility that it will be use as a daily currency someday. As of now, it is not ideal because of the transaction fee and confirmation time. There are current developments under process like Lightning Network to solve this problem and segwit is already implemented which has lowered the transaction fee. If you can observed in here, many campaigns are asking for segwit address to have a low transaction fee which is one of the solution to counter such problems.

There are already other currencies that has low transaction fee and faster confirmation time but still people are more inclined to use bitcoin than those currencies because it has more volume and most of the exchanges use it as base coin. Some platforms only accept bitcoin in exchange to fiat so bitcoin would still be the must have currency as of now.

I believe that cryptocurrencies have a high potential but things are still in the development mode and hence there might be some inconvenience while using it. As of now, high transaction fees and confirmation time is the issue that we are facing when it comes to the Bitcoin's utility value. However, I am sure that developments like lightning network would bring some solutions to improve the utility value of Bitcoin, especially in the daily life.

this is more about that there should be some development that may ever be happen here in crypto that we just have to make more patient if we just wanted to take this as an daily currency for. upgrade some here in this currency , for me i just wanted also to use this currency for in daily life but on how does the transaction can be are too difficult.

Right now for Bitcoin to become a daily currency because of high fees. Also because many people consider Bitcoin and many people use  more an asset like mining ,Posting Advertisement and many more thats why Bitcoin become a daily currency to other.

Yes it can be possible to bitcoin to become our daily currency. Imagine the system without cashiers at stores. Balance will automaticall deducted to your bitcoin account. But now, there are more factors to consider if bitcoin will replace our traditional system of payment.  transactions in btc is expensive and need days to confirm to complete a transaction. Security also plays a big part if we want want bitcoin to our daily currency.

I think its possible to use in paying your bills in restaurant and malls, if all the person know about bitcoin and all the business man in our country and they know the good about bitcoin then its possible to become our daily currency. I think in the future it will happen, but our own currency will not disappear, because bitcoin is changing its price, so im saying that its possible that bitcoin can use to pay bills :)

Not in the way you are suggesting as the transaction times and fees make it completely impractical for small purchases. It can work if you have a crypto Debit card however you store your BTC on the wallet then you spend on the card when you feel the need for anything from a coffee to groceries to gas station fillup for the car. All with no fees or tx charges.

If that is the case, then higher transaction fees and long confirmation times reduce the incentive for participants to move money, leading to more hodling, theoretically reducing the supply and increasing the price.

Sure one day it will be,but it needs time to adapt to the system because still many people are don't know about the crypto currency.Yes the fee maybe high before but now the fee is very less like fractions of dollar and then it gets confirmed in minuted since there is no traffic in the blockchain.But soon the lightning network gonna implemented into the bitcoin then there will be no issue with fee and confirmation time.But we need to start using it in our day to day life then slowly more people will adapt to it.

Off-course it will become an daily currency..! No doubt at all.

Yes bitcioin someday it will use a daily currency we know already that bitcoin is the future currency ..  :)

if the world agrees not to use fiat as a means of transactions, and they agree to use bitcoin as a means of payment, so all transactions use crypto, I think to buy something has small value roadside food is something that might happen.

I don't think so and it would even not be like a daily currency in the coming years.

Bitcoin has now become more of an investment options and in coming years it would be more like an asset. We have completely forget the sole purpose of Bitcoin (which was to make transactions easy and eliminate third-party involvement), now Bitcoins are only being used to make quick money and it would remain this way.

 think it depends on how you define replace.

Will digital currencies supersede traditional fiat currencies as the prominent medium of exchange in the world. Yes, I think that is likely.

How this happens could take many paths. With Bitcoin being more or less prominent depending on which path is taken.

Let me explain.

I think it is unlikely that all existing currencies are replaced exclusively by Bitcoin. As this would be unprecedented. One worldwide medium of exchange.

Even today. Digital currency enthusiasts who value privacy have begun using Monero, Zcash, Dash over Bitcoin. Because of their specific feature sets adding additional layers of privacy when transacting in these coins versus Bitcoin.

Niche use cases like these always exist. So I would expect multiple digital currencies to exist in whatever end state is arrived at. Versus all of them being subsumed by Bitcoin

Although it could be substantially fewer than exist today as the market evolves.

And existing Fiat currencies are increasingly digital as well. With some forward looking Central Banks working towards incorporating blockchain technology into their issuance and management processes.

As these experiments prove successful. Blockchain technology should be incorporated into the issuance and management of all currencies.

Fiat or digital. Because of the advantages it provides.

Once currencies are blockchain based. Transacting between them will be much more seamless than it is currently.

So I would expect digital currencies to take an increasing share of currency holdings/transactions from traditional fiat currency as more users discover there usefulness.

I would not expect traditional fiat currencies to completely disappear. Unless they are unwilling/unable to adapt to more seamless interaction with digital ones.

As there should continue to be many instances where using government issued fiat currencies for transactions makes sense. Especially if competition from the digital realm improves the way they are managed.

Think smart contracts, decentralized exchange,

I think in the future, bitcoin could become a global currency. Now that bitcoin has been picked up by many countries, in Japan, there are shops that accept bitcoin, and I think there will be more stores accepting bitcoin in the future.

Currently, No. Bitcoin cannot become a daily currency mainly because of the high transaction fees. Lets say you were to buy a drink that costs 5$ in some cases you'd end up paying twice as much just for the transaction fee. However this doesn't mean bitcoin won't ever have the potential to become a daily currency. I believe it will be ready with the release of the lightning network that would lower the fees significantly. Then it would have to wait for more adoption, and maybe after a few years become a daily currency in certain countries. Hope for the best.

I think it could be if all the shops are allowing payments online and legality already exists. Regardless of the expensive fees, if people are comfortable using bitcoin, I think many people would prefer a bitcoin than any other cryptocurrency.

It depent on owners if they want it to be used as payement methode on there service /shoping / empolyer salarry.I know it takes time to complete this process. Problems with low transfer rate and high fee fees have to be resolved. Improvement processes in the present technology should be improved.

Yes bitcoin can but we need to improve a lot of things at this very moment like transaction speed, fees and security. Slowly it will be ready for mass adoption I believe great things take time. We also need to find a way for bitcoin not to be used in illegal activities.

 This may all seem a bit unreal and intangible, but it actually  makes perfect sense. The Bitcoin network is built up of miners, who are invested in keeping the currency secure and stable as they are paid in bitcoins and act as approvers of the blockchains through their activity. Like any online and computerized business, it can be subject to hacking and theft, just as your bank can.

That is actually what we are aiming for. Right now, the possibility is hazy because of the fees and tx time that really make people think that using it is ridiculous. If only they fix that then governments are already discussing the policies that we just need to follow.

well bitcoin as we know today might not be good as a daily currency but sure there can be a way to make such a coin and stop using paper money for good someday and bitcoin still good for big deals and payment and a lot faster than banks or any other form of payment

Bitcoin transactions are a bit too much to use in transactions. There are always transaction fees when you pass or give Bitcoin into other wallets. It can become a daily currency but only if the fees are lowered or maybe eradicate the whole transaction fees and just use Bitcoin as a mode of payment for everyday use.

If we answer this question from the positions of today's trends, the answer suggests an unambiguous one - it can not. But bitcoin has his own fans who will not hesitate to resent such uncompromising skepticism. In addition, short answers are always introduced into a stupor, and you want to continue the conversation. One needs explanations, another proof, somebody hopes - but suddenly there is a chance? They really want to be reassured - of course, there are!

You have given an answer on your question. To use Bitcoin as a daily currency, we need to make a huge amount of transactions, therefore those transaction would be outside of the blockchain of Bitcoin. Now the developers are deploying a new technology The Lightning Network which make possible to create between users a channels ensured by bitcoins.

If you are asking about another crypto currency which has a potential in this field, I can advise Dash. The instant transactions of Dash are pretty fast and safe.

I hope it can happen someday that bitcoin is our daily currency to buy our needs and everything. And also the government will allow to each and everyone that bitcoin is officially legal.

No one know how the future of bitcoin. Maybe if the users of bitcoin always increase day by day, bitcoin can be the daily currency for our life. I really excited if someone ask me about it, because I really hope that bitcoin can be the best way we use to our daily needs, for our life. Let's imagine how if we can pay our coffee with bitcoin! Bitcoin have the future I think.

It is possible i guess. The popularity of bitcoin currently is high. Many people are now talking about this and apparently debating it. The fact that can be bitcoin will be part of our daily is possible just likw other credit card. Credit cards is a sort of the same to bitcoin so it is also possibly use in daily life.

For the convenience of payment for all kinds of transactions (buying on the Internet, paying for telephone services, paying utility bills) would be convenient, as far as remote transfer is concerned. A trip to the cinema, the store and other joys of life I do not think it would be convenient.

Yes it is still possible. bitcoin can become a daily currency if all country around the world using bitcoin.
but for now, there are many countries that not using bitcoin, and not allowing to using bitcoin.

Yeah,  it's possible. It will happen when all the currencies collapse,  and then bitcoin will change them. We will be able to use bitcoin as a daily currency if no currency circulates all over the world.

Bitcoin cannot be a daily currency because it will resulted for having delays because the confirmation time in bitcoin is not that fast so we can really expect a delay in your payment which can cause a problem to the people who are accepting it. Bitcoin also have a fee before you can completely send your bitcoin which is another thing to be bother with because just imagine the additional thing to pay if you will use bitcoin.

I'd like to point something out here that is not being noted by y'all. Speed of ACTUAL settlement. In bitcoin, it's settled, realisitically, in three blocks. That's on average a half hour.

The 'fast' transaction speed of fiat is an illusion. Actual settlement, depending on the banking entities involved, is between 24 hours and seven business days. They give you a 'credit' almost instantly, but that's what it is: Credit. IT CAN BE REVERSED.

Bitcoin solves this. When the transaction becomes confirmed, it's DONE. No takebacks, no bullshit.

Even with LN, this remains true, as each transaction in the side chain (payment channel) becomes permanent once confirmed, and doubly so once the channel is confirmed on the blockchain.

The problem to daily adoption is not speed or fees, it's ease of use. With a credit system on top of it, such as LN or even a totally off chain solution like VISA, that problem goes away.

Remember, it took 24 years and the biggest single theft of hard money in history to make the Fiat US Dollar have any kind of efficacy. BTC has gone more than halfway in less than half that time, and it doesn't require the massive theft of a population's wealth to make it happen. Just some incremental improvements in software, and a lot of adverstising.

Yes, it can be, and MUST BE a daily currency. If it fails to do so, then it fails completely. The sheer amount of resources invested in it militates towards it becoming a daily currency.

On a general note, i really do not see bitcoin becoming a daily currency because it is a digital currency that requires the use of an internet and as such, would not be suitable for smaller transactions.

Bitcoin can become a currency for daily purchases if you have too many bitcoins and you will still be making expensive purchases. That is, for billionaires it will still work.
 However, for most ordinary people, it is impractical for average incomes and very expensive to use it to make daily purchases.

Just from your own quote those are the issues BTC needs to solve for it to become a daily currency. Once those issues gets fixed it may have more potential for daily use. However, I do see BTC as more of an asset than a currency though.

Well it's just like what you have said, even if it's successful, bitcoin is slow in transactions and its fees are too high. So maybe bitcoin cannot become a daily currency for us. But some coins have the potential for being used as a daily currency. Just make sure that that coin is fast in transactions and its fees are so addordable to all of us.

Isn't quite possible if there is no other options just like of using fiat. But then, since fiat currency are still widely used, it can't be push to used this 3rd world currency generation as we considered of having high fees in all transaction. If they just lower the fees or it is free of charge, a huge possibilities that many people will choose bitcoin to be used than of fiat.

With the current high fee, bitcoin is better suited to be a digital asset invested for a long period of time. Whereas if you want to use crypto for daily finance I prefer to use altcoin like ethereum (ETH) and bitcoin cash (BCH) whose transaction cost is much lower than bitcoin. But, if you still want to use bitcoin as daily money it could be but the risk of loss is borne by each.

yeah, you're right I think an unstable price will certainly hurt the seller if they don't know how to process payment with bitcoin because with fluctuations, of course, the price can drop anytime. if bitcoin is implemented as a daily payment. of course, there must be a special technology like bitcoin debit card so don't need to use transaction fee and bitcoin will be converted automatically to fiat if the sellers want it.

Bitcoin used to be used all the time. The weed was bought and so on. And now everyone wants only if it grew in price, and no one is going to use it.

In my opinion bitcoin couldn't be the major of exchange but can be the major way of transactions. Payment is a simple way of paying some items that bought by one person. If we disregard the value of bitcoin it can but but if we took up and look up what the potential of bitcoin can be in the future, then we couldn't allowed bitcoin as the currency daily. What will be the purpose of some altcoins that was and are and will be created in different areas of business in the land of business field. There are a lot of coins who have the exact uses to daily currency.

If for now the bitcoin is not good into the daily currency because of its long transaction and high cost. If in the future there is an improvement of bitcoin, I think bitcoin can be for daily transactions.

It seems bitcoin for daily use is not very convenient. That's when he will not have sharp jumps, then you can and make purchases and other joy of life.

I think, its hard to make bitcoin or other cryptocurrency to become daily currency. Beside to many obstacle to become currency, I am prefer choose bitcoin as investment instrument because gain year on year is fantastic

I don't know what do you exactly mean by term daily currency. There is nothing to stop you to use Bitcoins daily for your daily needs.
Still if you wanted to ask if Bitcoin could become official mainstream currency then this is another story and I don't think this Bitcoin will ever become mainstream currency in any country in the world. But to be honest I don't even see the need for that.

The reason behind slow Bitcoin transaction can be its use. It is getting used in trading a lot so it can be the reason for slow transaction. Talking about its daily use, if it will be accepted by most of the countries then it can definitely become the currency to be used in daily life. But till now it is not getting used as currency in most of the countries.

Bitcoin will not become a daily currency . The good thing is that it has bought the blockchain technology to the world . There are many altcoins that has more and better advantages than bitcoin.

as per current bitcoin volatility, it is difficult to use bitcoin as daily currency price speculated daily it is difficult for buyer and seller to stand for one price

I don't think it may happen, bitcoin is a digital decentralized currency so it can't be used for daily expenses. But, it can be a global community currency that whenever there will be transaction overseas, bitcoin will be used.

BTC was made particularly to end up a currency that can be utilized to pay speedier and with bring down fees however as should be obvious bitcoin is currently utilized similarly as a venture to make benefit out of it and just a not very many individuals really utilize it to purchase things on the web.

it seems very unlikely at the moment, the fees are very high but bitcoin can be suitable for daily use if the fees are low. Time will show it.

no, because the cost of crypto currency is not dictated by the authorities. You are not forced to accept crypto currency forcibly and only in it to make certain payments, as it happens with government money. The cost of crypto currency is determined only by the ratio of demand and supply in the market. Free market economy.

This will take a lot of time to happen. A lot of improvements also need to be done like there should be instant transfer.

Bitcoin as of now like in the philippines it cannot be the currency because  it goes to the senate hearing and it can be read in the court for how many readings untill such it will became a currency.there lots of people or in the senate will bring it on the senate for further discussion.

not in India, because the law here doesn't support cryptocurrency.

When Satoshi Nakamoto invented Bitcoin in 2009, he was hoping that it will become a daily currency. Unfortunately, he dropped out of the development team in 2010, and the remaining core developers were not interested in retaining Bitcoin as a currency for daily usage.

This may all appear somewhat stunning and impalpable, yet it really bodes well. The Bitcoin arrange is developed of mineworkers, who are put resources into keeping the cash secure and steady as they are paid in bitcoins and go about as endorses of the blockchains through their action. Like any on the web and automated business, it can be liable to hacking and burglary, similarly as your bank can.

that if approved by the country we certainly can but who knows only the real currency to transact in supermarkets or wherever, if the currency in gital not many people will know around the world.

Bitcoin is already been use as a daily currency, as many transactions  is carried out using  Bitcoin for these transactions almost  all over the world.The transaction fees are not too high and the confirmation time on the block found is about 10  to 30 minutes. For those who are already using bitcoin for daily online payments and other transactions, they are already use to the system of payments which on daily bases when they enter into their transactions.The Volatility may be a factor, when it is been use, yet when holders of bitcoin come to the understanding of the Crypto called Bitcoin, it will rather gain more acceptability and Usage as a daily  currency  as it already have been used.

But what about those who do not know the procedure of bitcoin transactions or online payments? Is it easy and reliable? Should I realy shift to bitcoin from payoneer and other payment methods?

i think bitcoin won't be, a other crypto

Approval from Wall Street is not needed for its success. It doesn't need approval from the institutions which it replaces."Can Bitcoin become a global currency?" -- It already is, Bitcoin lives on the internet and knows no borders.

Bitcoin is a daily currency for trading altcoins, but for everyday use in the supermarkets i would say no. Unless there was some major updates to improve transaction speeds and lower the fees as well.

Bitcoin will become the main currency very soon - the problem is that it is quite speculative. His course is influenced by the following factors: public opinion (very sensitive to panic and rumors), cyber attacks, speculation of major players, geopolitical and financial crises (crisis of 2015 in Greece, Brexit for example), global cataclysms. The popularity of the crypto currency will grow with the increase in instability in the world, and Bitcoin will live as long as the Internet continues to live!

I understand that bitcoin is already a daily currency to some of the first world country. In our country bitcoin is just starting to be discovered by investors and ordinary people. I hope someday that more people will join us.

Yes, I think it can look at the countries that accept this Internet currency and who are actively using it.

With such fees and volatility it can not become a daily currency

Since it is very convenient to pay with bitcoin, transactions pass like a hurricane's speed and it would be to make purchases and make deals conveniently if not one but. The stability of bitcoin.

personally I believe a day is coming when if don't have bitcoins you will be left behind.

Cryptocurrencies like bitcoin are very unpredictable. "UBS", an investment bank said that it is "highly doubtful" that these will ever become conventional currencies. "The need for companies and individuals to pay tax receipts in government-issued currency, and the potentially unlimited crypto-money supply, pose significant barriers to widespread adoption".
Volatility strips bitcoin of the characteristics needed of a credible substitute currency, making it instead a speculative asset, a get-rich quick scheme.

All I can say is, this could probably be happen if cryptocurrency will become legally issued in your country or even worldwide. This could be possibly be happen bit yes it would under go some challenges. But I would surely that everybody that belongs to this forum and has a bitcoin on their own will be glad to this resolution of bitcoin soon.

Over time, globally accessible internet presence and cases of collapse of coins and paper currencies in various countries (such as cyprus, venezuela, greece, zimbabwe, argentina and others), make more and more people want a better system of buying and selling and more modern than the previous banknotes.  :-\
and i think bitcoin is the solution.

Well with that...for bigger transaction I think it will be okay but with smaller items like buying something in the market, in the store like candies, bread I don't think it will enable we will still be needing fiat or paper money or that.. specially when people will just be buying a small amount but then we never know what the future technology-system we might have during those time, but the way I see it we still be having paper money then.

thats true I think we still need to use fiat or paper money. My point of view does not matter using bitcoins for transactions like buying electronics or something. but to use bitcoin on a daily basis. such as buying food and drink, where the frequency of transactions very often it is done of course it includes waste due to expensive transaction fees?

Bitcoin can not be a reserve currency because there is no bond market with Bitcoin ... Gold is the only currency that can compete to become a reserve currency. Bitcoin is an electronic currency and no matter how good the Blockchain technology, it is still hacked. The principle is simple ... any locks, no matter where good security, will be opened. The only problem is time. It just does not open when it's not the key.

You mean if Bitcoin and other digital currencies can replace fiat? because paying your coffee using Bitcoin is going to be expensive due to mining charge and transaction flat fees. I believed bitcoin cannot be replace fiat because not all people know how to use bitcoin and fiat or the local paper money is much convenient to use that even the children knows how to use it instantly.

Bitcoin is obviously not a currency at present, not because it is not issued by the government or the central bank, but because it lacks the most fundamental general acceptance of the currency, ie it has not become a currency for most people or for most economic transactions The universal transactional media, which means it does not have a wide range of commercial credit.

That is not the main reason. In a few countries (such as Switzerland and Japan), Bitcoin is accepted as a form of legal tender. So you can't say that it is not recognized by all the governments as currency. The main issue is the high transaction fee and delay.

Bitcoin cannot become a daily life currency even if the fees and transaction time has gone down as it is now. For da to day life use fiat money is the best currency to use, the high value of bitcoin its volatility won't support bitcoin to be a daily life currency. Bitcoin isn't actually a currency it is more of like an asset, an asset which is very highly priced in the market so using it daily wouldn't be a smart move.

I think the fee of bitcoin quite high if compared to other altcoins, but it still possible to make bitcoin a daily currency.
but if bitcoin fee keep high in the future, peoples will prefer altcoin over bitcoin.

Bitcoin is a payment medium that is indeed a penomenal now, currently Bitcoin has begun to apply in various financial sectors that exist in some large companies. So it is possible if one day Bitcoin can become a currency that is used globally. I see the ever-increasing volume of Bitcoin transactions has made Bitcoin a commodity that has attracted a lot of people. People have started to abandon the real currency and they have begun applying the digtial currency in their lives.

For me transaction fee is not a problem because the most important is the speed and ease in doing transactions wherever and whenever we want.

In my opinion, bitcoin will not be the daily currency. Many countries have not approved or passed bitcoin as currency. Bitcoin takes hours to confirm, maybe another alternative solution is crypto like ETH.

Following this thread.

I think there will be many obstacles when many users want to implement bitcoin as their daily currency, first bitcoin needs a regulation and legalization so all merchants can accept bitcoin without any prohibition from anyone but the difficult thing is to make bitcoin legal because the government is still adamant to ban bitcoin and cryptocurrency

School is modernity is life is the future I hope they will be put into operation.

What people would not say forever I will not diverge because there are different categories of people?

Although regulation and legalization can be done, the government still need to find ways to make bitcoin price stable enough to be used to buy daily necessities, no one wanted to use such unstable currency since it possess high risk to regular business, high volatility in bitcoin price is also another reason government and economist try to urge investor to stay away since high volatility possess more risk that doesn't cope with logic investment

Of course, I can. but depending on someone it wants to transact with bicoin. I think very few will do it, given the value of bitcoin always grows every time.
in the future there will be many innovations involving bitcoin. but I'm not very optimistic there are many users who do it. unless the bitcoin value tends to be stable.

I don't think so, there are lots of  coin on the market, more less gas fee than bitcoin, why we have to use Bitcoin as a daily currecy. but I think some other coin will become a daily currency in someday, Let's witness history. :P

Coins with such high volatility can never be used for daily transaction. It will be very difficult, because the world is going to run over the fiats, so its tough to maintain the exchange rate with so volatility.
I think country specific coins will be implemente in long future, so then its still possible.

Also  Bitcoin with high confirmation time, its tough to implement it everywhere. But there are new coins and even ICO whoch is targeting daily use.

I do not think Bitcoin can be a daily currency. Because for me Bitcoin is only suitable as an investment asset not as the currency we use in everyday life.

If it gains stability it can but will be more of store of value

Bitcoin can become our daily currency if governments will allow it since they are those people who are deciding if bitcoins will be legalized on our country or not but that is possible in the future if technology will grow further more.

When the futere is nearly come, I think crypto currency is much popular than real money that we have today. On future we can't buy anything such as small piece of candy without virtual currency. And I think before that the time comes we just need give an importance for the money that we hold in everyday even if its a small amount.  :)

What are people buying with bitcoins? It turns out the list is pretty boring: bedroom sheets, headphones, area rugs, mattresses, coffee tables, sunglasses, and donations to non-profits all help round out the top ten items bought on Overstock.com. With the cryptocurrency becoming more ubiquitous as shown by reaching the 100k daily transaction mark (not including popular addresses) this year, it is being used more and more for regular ecommerce purchases.

   I also think so. Technical problems such as huge fees and slow confirmations may be solved by LN. Major problem is governments which do not allow bitcoin replace national currencies, making different obstacles for it

That's right. I think that its becoming more problematic that transactions involving cryptocurrencies are beginning to be imposed of high fees and longer confirmation times. More than a currency, it is turning more so as an investment medium comparable to a 'stock' in the stock market. So, to consider it as a daily currency would not be feasible now because of the "red tape" tied up with its transactions, unlike credit cards that are fast and easy with just one swipe, so for cryptocurrency to be in that stage, it should find a way to make transactions faster and convenient.

Yeah, I agree. At present BTC is not suitable for everyday payments. For ex., you are going to buy a burger in KFC for 1-2$ and you need to pay the same for transaction fee at least

For me its not because of the higher fee and too slow for the confirmations and we know the price of bitcoin is not stable compare to our local currencies but we never know what will happen maybe someday it may become suitable for that thing.

Currently, bitcoin is far from becoming an everyday currency. There are lots of things to consider if you want bitcoin to be used in day to day transactions. First thing is volatility. You cant use a coin that has a value of $100 today and tomorrow it becomes $90 only or worse $50. That's not good for the business owners. Secondly, bitcoin fees are just huge. You buy $10 worth of food and your fees for the transaction is more than $10. So instead of putting out $10 you put out $25 for a $10 worth of food. That's not at all practical.

Some retail shops and restaurants might not be willing to accept bitcoin due to one reason, the huge price volatility in bitcoin might cause some retail shops or restaurant to get into debts as the boss would have to pay the staff salary, rental and utilities expenses monthly at a fixed rate, and collecting bitcoin as payment from their customers would risk them having to deal with bitcoin price fluctuation. 

Yes you are right, the price of transaction fees today is very high to become our daily currency but i thing that they can fix in the future and we will be able to use bitcoins just like fiat today.

I think bitcoin will not become currency. Because bitcoin is a digital currency. bitcoin is a bogus virtual currency. The bitcoin value always changes rapidly.

No, it is just used now as a store of value, and for trading to make money

bitcon has limited storage. So it will not be a substitute for daily currency. But the crypto is perfectly possible

I think so long as it's an appreciating asset no. If the value levels off then I can see "Satoshis" being used for everyday payment

There are many chances that in the next years bitcoin becomes a payment method for the online transactions all over the world

You are right...Everyone knows about it.It's not for us.This is for the rich people.Seems crypto currency is much popular than real money.There are so many small things that people can not buy with bitcoin in everyday life...bitcoin is far from becoming an everyday currency.
In my opinion, Litecoin is the best way to meet daily needs.I do not know what you think, but it seems to me

The things you mentioned are some of the factors that causing bitcoin or cryptocoins can’t be a daily exchange rate, for now and also the existing infrastructure is not yet capable, but the development is very unpredictable so I think it’s uncertain.
Oh and I think this question is asked in this forum so often.

With the existing fees, in a few transactions you have spent more than you use conventional transactions, and many transactions are queuing for verification and business enthusiasts must wait for their money. It can, but if nothing better than conventional, then why using cryptocurrency?

It is possible but to be perfectly honest I don't think it is going to happen in the near future. We all know that Bitcoin is made as a digital currency and not for daily usage, it is here not to replace fiat but who knows, what will happen, We just need to consider the transaction fees and confirmation time, plus the fact that not all establishments are accepting Bitcoin and the government, I don't think they would like the idea, they are already unfriendly to Bitcoin now what more if it will be used as a daily currency, I am sure they will do anything and everything on its power to shut it down. For me it is better for Bitcoin to stay as a digital currency, that way it can still fulfill its purpose without killing fiat that can lead to nothing but chaos.

i think, bitcoin is less appropriate if used to buy food. because the fees for buying food are higher than the price of the food itself. for example, the price of a cup of coffee is only 1$ while the transaction fees 5$.

I think transaction volumes need to go up significantly before crypto prices can go up. My guess is crypto has the rest of 2018 to get trans volumes up. My other point is the current way that mining works is not sustainable. I have advocated a controlled mining model where say six large miners only are used and paid the same amount to provide the service.

It is certainly possible that bitcoin can become a daily currency. But, It would take a long time for bitcoin to get accepted everywhere. It has already made a lot of grounds.

Bitcoin can not become a currency for daily payments. The cost of transactions in bitcoin is too high. The ethereum has a much lower transaction cost compared to bitcoin.

all things considered, you should utilize digital currencies first before beginning a subject about them. also, you my companion have not been utilizing bitcoin or some other cryptographic money. since on the off chance that you used bitcoin then you would have definitely realized that bitcoin exchange charges are not high as well as they are at their most minimal right at this point. what's more, exchanges are moment the affirmation requires some investment which is restricted when a square is discovered.

yes bitcoin can be daily currency, but it needs to cut off that higher fees.
there is no problem with transaction delay, it goes instant to the receivers blockchain.

bitcoin may be a bit slow because the number of enthusiasts and users is now much more in the past year and this market should move quickly because the addition of bitcoin owners and sellers may be this market is sluggish because the high price is much cheaper etherum so the movement is slower than etherum if for a day today is being used now as many companies are facilitating the way in which the coin sells to buy a daily good or a rental service.

for now it is not very advantageous to use btc for daily payments rather it is used as an asset but with the lightning network implementation maybe btc would take a lead into this case as well.

nobody will know what happen in the future even in the next minute.
so how if bitcoin fix the high price and make the transaction very fast with new technology? so with that moves, bitcoin can be easy to use as daily currency. bitcoin developer just need to fix those two problem.

Yes

It should be. The life would be more easy. Just pay with your wallet app on your mobile.

Yes, no one has the clear picture about the future of bitcoin. It is all about the support it gains with time period. As the  technology is a must for the development we have got increased chances for the adoption of bitcoin in a much larger scale. If this happens we can see bitcoin getting used same as daily currency.

Yes bitcoin can become daily currency but this all will happen in the future it is possible that we can start using this money and when we give this option to those from which we will receive some money then this trend will be normal and with all this we want to give some strength to the money those who have some of the cryptocurrency then they can cash out this any time So if bitcoin is accepted everywhere we can say that bitcoin become daily currency.Pay for coffee is possible, there are even existing coffee shop that accepts bitcoin as a payment across the world, but payment for everything I think is far enough from reality. Let says you see an exotic street food during your travel at Thailand, those sidewalk vendors won't accept you bitcoin payment, some even don't accept dollars. That is my local fiat were present to be a legal and popular tender for each country.Bitcoin doesn't need to be an everyday currency, but rather serve as the store of value in the representative form of digital gold. If that is the case, then higher transaction fees and long confirmation times reduce the incentive for participants to move money, leading to more holding, theoretically reducing the

Yes.  I do believe that bitcoin can became a daily form of currency because bitcoin has gained a huge amount of popularity and has gained a huge amount of users throughout the globe since it had started and its popularity and demand in people are increasing day by day since then. It is also evident from the increasing prices of bitcoin   Intact bitcoin has defeated gold in the terms of price. Which signifies that bitcoin’s demand is very high. So bitcoin can be a regular daily currency as it has very high potential.

Bitcoin has not yet become a daily currency, and some countries have still not recognized the legitimacy of Bitcoin. However, with the development of Bitcoin, it will become a daily currency.

Yes, I think it will be possible when all the bitcoins of the world will get there and then everything will be davolno stable and simple, but for the time being, lightcoin is the best option for the daily currency because of its stability.

I am sure in the future there will be the possibility of Bitcoin to be the daily currency. Because Bitcoin has a good prospect and great potential it achieves it.

I think it has the potential to be a daily currency but they would need to figure out a way to make all transactions instant, even in high traffic without that it's unlikely.

Yes it can be used as daily currency because nowadays most people know about it and knows how to use it. Many users will be glad if it is happen but bitcoin cant be achieve or mined in an easy way.  The bitcoins popularity and demand is very high so that the value of it can decrease. But it has the potential to be a daily currency

I think it won`t become the daily currency anytime soon because it has too many flaws for people to switch to it.

No ! 😁  because bitcoin drops and bounce coin every seconds in your life so that bit coin can become a seconds currency .

Yeah.I Think Bitcoin Become Daily Currency. Because Bitcoin is a DIgital Currency and it's getting popular day by day.

It seems like this will definitely be realized in the next few years, but not directly used in all places. Certainly starting from the big city first, because there are indeed many rich people. Only then will slowly land the transaction with bitcoin this will develop into the village as well.

yes it can become daily but not a 100% replacement of cash

have not seen these coins in which the transactions happen instantly. usually the withdrawal from the stock exchange in 3 days

I think you do not came to the use of bitcoin for your transactions that is why you are saying that it is just an asset and when you come to use it in your dealings then you will find that how much it is beneficial for you and for your dealing. Actually I was using some other payment processors before that and there was much hurdles for me in it and when I started to use bitcoin then I came to know that how much is it beneficial for me and for my business and it save much of my money.

it seems difficult to happen because bitcoin is not a cash item as money, bitcoin in the future can be an asset that can be spent in one shop / supermarket / cafe and other places who can accept bittcoin payments with bitcoin credit card which now many projects want to implement it but unfortunately this has not certainly can replace money considering the many people who need to reach. but chances are everything can happen

not currently but maybe in the future if the money transfer will happen without delay then Yes you can

    It seems that in the near future maybe bitcoin become our daily currency but as of now, it wouldn't because many business store still untrusted in using bitcoin as payment because of many reasons they have and also many countries did not recognized bitcoin as a currency and it will go through many process to became our daily currency. But who knows someday you will wake up and bitcoin is now one of our currency and many stores accept it. For sure if it will happen many bitcoin users will be glad.

Bitcoin will be only our daily currency if governments will allow it but so far today there are already different online stores which are allowing people to use their own cryptocurrency in order to purchase any products or goods you are interested.

Bitcoin can become a daily currency.. However, pls note that it has to be accepted by all merchants across the globe in order for it to become daily currency..

While bitcoin has the potential, there are other cryptos as well and hence the speed of who does fastest will matter.

Maybe in the future bitcoin is a regular daily currency but on this time it is just an online digital currency and used only by bitcoin holders, because not all people are know and using this, they are only using fiat for their daily expenses.

Yes we all know that bitcoin is so convenient in the lives of many people. I also consider that bitcoin can be a possible currency that can be used in the everyday lives of people for every transactions but i also consider it impossible to happen because it will take a lot of time for people to adjust with it. And not all the people can go with the change, if ever such occurs.

When most retailers or sellers starts to accept bitcoins as a means of payment around the world then I do believe that bitcoin can be used daily for purchases and transactions.

If bitcoin cannot reduce the transfer fee, bitcoin will not be used for daily currency i think.
Peoples want to use bitcoin because they want to avoid fiat fee such as transfer fee in bank.
if bitcoin fee not reduced, peoples won't use bitcoin for payment.

I think all will change if lightning network gets implemented were it said in it's proof of concept that they will remove unnecessary data in a block and move it seperately from a different on chain network so the transaction could be faster and had less fees. I think it's getting implemented as of now yesterday my transaction fee just is 700 sats for 0.005 of btc.

In the future maybe bitcoin can be used for daily currency with note bitcoin could legalized by the government so bitcoin can be accepted in various places in the world as a legitimate payment method, for now most people still use fiat for spending although in some places bitcoin has been accepted, but you know that expensive fees are still a problem and because it is easier to use fiat than bitcoin

If one government will allow their people to used bitcoin as daily currency maybe the community will be progressive. Because all the people are focusing how to earn a lot of money instead to be lazy. Atleast in one community their are possible that all of their people earning money because of bitcoin in legal way.

difficult only in certain countries. for example japan, russia.

Bitcoin will have the capacity to wind up a computerized cash for day by day buys of little esteem, on the off chance that it effectively executed a system of lightning or ghost. At that point it is normal that installment in bitcoin will be made right away and with the smallest exchanges, which are actually a few many satoshi. Be that as it may, the lightning system is as yet being tried and when this venture can be actualized in bitcoin, it isn't known.

In order that bitcoin could become a means of payment for making daily purchases, a number of conditions are needed. First of all. bitcoin should have all the functionality for this, that is, have a high transaction rate that would allow you to instantly transfer certain small and large amounts, and have very low transaction fees. This bitcoin does not yet have. Bitcoin must have the development of an infrastructure for servicing, that is, it should be possible to directly pay directly at any retail outlet and service sector. This is also not yet available. Well, there should be a clear legal basis for the passage of bitcoin in each country as a means of payment. This issue is also far from normal use. Proceeding from this, there is still no possibility to use bitcoin for daily purchases.

I think it's not good to use bitcoin for daily purchase, you know transaction fee is high so better to look another cryptocurrency that low transaction fee maybe dogecoin is good choice.

Yes we know that now the bitcoin is the regular using currency and the usage is on daily basis and for the people of the different countries it is good to do bitcoin useful for many people and the trading of this currency is very profitable and for us bitcoin is the most useful way to make online investment and through online wallet we can use this currency.

I think the problem is not only from the government because even though the government legalizes bitcoin and bitcoin are accepted anywhere but other problems are still a bad thing, that is too expensive fee? imagine for once transaction you should need $3? if you use it for daily transactions of course you will bankrut because the fee is very high. I think need a technology or payment application, to send bitcoin (money) to fellow users app without fee.

 Personally I don't think so, it is very unlikely to happen because for me Bitcoin is just for the digital world and let us all remember not all people are inclined or even aware how to use this digital currency especially in a third world country like ours, we still have a lot of people who are not into digital currency. Plus the fact that the government will never allow that Bitcoin would be a daily currency because of its decentralized nature. Bitcoin can co exist with fiat but never replace it.

It is still too early to call the digital crypto currency currency, money.
Although bitcoin and other crypto currencies are already being used for commercial transactions, they are still far from being money: money is an accepted medium of exchange.
However, from the point of view of the theory of monetary circulation, there is no basis for asserting that bitcoin and other crypto-currencies can not rise to the level of money as a generally accepted means of exchange.

Essentially i think.. bitcoin will become a daily currency if the governments has supports it.

And i think it would be more appropriate if bitcoin is more used or will be highlighted for more
 used in transactions in everyday life than other cryptos such as ethereum.

i dont think if bitcoin will become our currency but i think this crypto or bitcoin will helps to opur currency to improve and to become more value and this crypto is the one main reason to print more money to use by people i hope that someday bitcoin cryptocurrency will become our future currency because tit helps a lot of people like me and othrers

I do not think that the high fees or the transaction times will be the problem.  :)

From all I know the lightning network is capable to solve those problems.

If you want bitcoin to become a currency for daily use it would need to become stable at first.

That will not happen. Although its value is very high, it still can not meet the needs of cash. Bitcoin is simply an electronic money and we can not expect too much of it. I think it should only be used to trade large amounts of money and to pay for services is the most reasonable. That's my thinking and I think cash is better than bitcoin.

If you want bitcoin to become a currency for daily use it would need to become stable at first.
When people have to pay highly different bitcoin amounts within a small period of time in order to get the same good,
 I am sure that not many people will do that.

Yes bitcoin has a potential to become our daily currency, specially to those who use and hold bitcoin. I wish it happen and our government support it.

Bitcoin doesn’t need to be an everyday currency, but rather serve as the store of value in the representative form of digital gold. If that is the case, then higher transaction fees and long confirmation times reduce the incentive for participants to move money, leading to more hodling, theoretically reducing the supply and increasing the price.  :) :)

Although there is a possibility that it can one day  become a daily currency, a lot of things should be done first like government acceptance, regulations and more which are necessary for the bitcoin to become a daily currency as addition to the present fiat currency. A lot of things should be put in place first.

This people are accepting Bitcoin because they know that they have something to do with Digital currencies. I do know a lot of people that have businesses but they do not accept Bitcoin because :

1. They do not know what it is.
2. They know it but scared of being hacked or being scammed.
3. They know it and also know the volatility and the high fees it has the reason they do not accept it.

It is now under the development, then I think the countries part is to take their action how to apply tax with their people using bitcoin. Regulation is the part of the government to make the economy better alongside with bitcoin. So government will not use bitcoin since its decentralized for being worldwide currency. :) :)

I think Bitcoin can become a daily currency. It is a possibility and in fact some people are already using it. But then again, it needs--badly needs--to add a lot of developments to their coin for it to really prosper as a daily currency. Confirmation is slow, transaction fees are high; these two alone are enough for Bitcoin not to be used as a daily currency. Bitcoin for coffee? I think it is not a good idea. Well, as an alternative, we have Litecoin. Although when it comes to confirmation time, we really have to have some waiting time. Fiat is better when it comes to this. If you are done with your coffee, you can just leave a bill under your saucer and you are good to go. Instant is all we need!  

Yeh, Bitcoin can become a dialy currency.  :)
If you did use bitcoin then you would have already known that bitcoin transaction fees are not only not high but they are at their lowest right now.
And transactions are instant the confirmation takes time which is limited by the time a block is found, 10 min on average.

Well !! We can't do something about those countries that will ban it but the adoption of bitcoin is keep on growing everyday many countries are starting to adopt bitcoin so this scenario of seeing bitcoin being used to buy all things is there and it's visible at the moment. :) :)

all things considered, you should utilize digital currencies first before beginning a point about them. furthermore, you my companion have not been utilizing bitcoin or some other digital money. since in the event that you used bitcoin then you would have definitely realized that bitcoin exchange expenses are not high as well as they are at their least right at this point. furthermore, exchanges are moment the affirmation requires some investment which is restricted when a piece is discovered, 10 min by and large.
Before proceeding onward I need to specify Lightning Network which is as of now working and exchanges on there are almost free and moment.

Bitcoin is now under the development, then I think the countries part is to take their action how to apply tax with their people using bitcoin. Regulation is the part of the government to make the economy better alongside with bitcoin. :) :)

And we don't want another fiat currency, right? In order to not create money out of thin air you have to use some resources. The PoW algorithm is perfect for this purpose because it lets the market decide how much energy it is worth to invest in this process.
I'm not sure of the correctness of the gold/bitcoin mining ratio. Any idea where is he getting his numbers from.
Could you add some sources for your claims, like the gold mining one?

That would make this post amazing and a great resource to share. As it stands with 0 sources, not so much.

Many people are trying to find ways, for them to exchange their service for cryptos, in our country catering private service is accepting bitcoin for cupcakes.... Lets wait other also for them to prepare themselves with this kind of transaction.

No it can't be a daily used currency,  its a complicated alogarthim.

On my opinion, it cant be our daily currency, because we still need real money for some payment that cant pay with bitcoin, but it can help us in some payment, and if bitcoin will be legalized or such implemented  world wide, i think there is a chance to become part of our daily currency

Yes bitcoin can become a daily currency because bitcoin is already known bybso many people.In bitcoin you can make your time and effort productive.You can be so successful in using bitcoin because it can help you in so many ways.

I do not think so. I think bitcoin is just a market for us to invest in to get a profit and it will probably end up whenever. I do not see any market flourishing forever.

Bitcoin could be used as a currency for daily use, since it can be used for purchases of goods and services, and for its value will be very attractive to the seller, regardless of their rates

It can but as to its current state, I do not think it is even feasible at the moment. It is because there are lots of legitimate issues with Bitcoin since its onset that it had failed to address up to the present. What makes the situation worse is the fact that governments across borders deliberately or unconsciously fail to act on the matter, hence, Bitcoin's legal existence is still on a hang which makes investors and other prospective investors to not totally stand with it. I think therefore that before it can even be considered as a daily currency, it has to have some color of legitimacy in terms of its existence and some level of stability. Otherwise stated, it has to be somehow regulated so that the value does not decline or balloon so abruptly causing too much stress on the market itself.  

most of the people are willing to use bitcoin as a daily currency. but the rates of bitcoin are changing rapidly. there for it is difficult to use bitcoin as a daily currency. if the price of bitcoin is stable. it will be used as daily currency.by today the attraction of crypto currency is increased therefore people are tend to use bitcoin as a daily currency. it will  success in near future.

Crypto debit cards are there but we still need easy options to pay for goods with crypto so that we can help Bitcoin to become a currency that we can use for everything and every day.

I don't think bitcoin is a daily currency. It has many shortcomings that limit it. First of all, it trades very slowly, its transaction costs are very high, and its transactions require the Internet to be completed, which limits it to become a daily currency.

no. bitcoin will never be a daily currency like paper currency, bitcoin will remain a currency in gital,
and I do not think that far how I should pay for coffee with bitcoin ,,, bitcoin is not a valid payment tool, so it can not be used as a means of payment (transaction)

It has the possiblity that bitcoin can be a regular currency, but then, it will be a big discussion.Even if we wanted bitcoin as our daily currency, we should make everyone know about  it for better usage.

Definitely, well it's been a while since bitcoin was started. Many people around here in cyberworld know about bitcoin and most of them ignored what bitcoin is really all about. I would say as of this time its impossible to become daily currency since many are still didn know what bitcoin is really all about. Maybe someday it will become a currency via online transactions and I believe its a great and comfortable way for each of us here in crypto currency community.

How will the value of bitcoin be attractive to them since they will be paying the item the same amount as fiat? And if you think of it, Bitcoin is not really stable so you are having a risk in terms of either holding it or selling it quickly. And if you are planning to sell them, you can deduct the fees from sending it giving you more ways of losing your profit.

Of course it can! Given that it could achieve or recieve updates for the following:

1. Outrageous transaction fees
2. Sluggish transfer rate

Aside from these 2, I think we could have bitcoins as a daily currency once we find a way to balance out the supply and return lost bitcoins back into the circulation.

Bitcoin transactions are a bit too much to use in transactions. There are always transaction fees when you pass or give Bitcoin into other wallets. It can become a daily currency but only if the fees are lowered or maybe eradicate the whole transaction fees and just use Bitcoin as a mode of payment for everyday use.

The regression theorem explains the emergence of money by a natural exchange economy in which there is still no money. However, the appearance of bitcoins occurred even with a functioning monetary economy. From this point of view, we can say that when the first market price of bitcoins was created, the purchasing power of existing US or euro money was transferred to it. Thus, the theory of regression has been largely confirmed.

I think  bitcoin can be used like money, but can't change money. We can use bitcoin for transaction somewhere, not everywhere. Sometime, not everytime. So, according to me bitcoin can't become a daily currency.

Bitcoin has become as payment method in my country. It can be used to purchase cars.

Maybe in future we can see it as a daily currency but now it is not possible because it cannot be used everywhere as it requires an internet connection and it needs to be converted into some sort of physical money.Moreover in many countries it is still not legal.It is decentralized in nature due to which it is not under the control of government.So I don't think that government will allow such kind of currency over which they have no control to be used on regular basis.Moreover it is impossible for Bitcoin to gain the amount of trust fiat money has.It can be used as a means of transaction but not as a daily currency.

Bitcoin cannot become a daily currency the main reason is bitcoin is a digital currency but in many countries not adopted the online and digital transaction and they are dependent on cash transactions so I feel it cannot become a  daily currency

requires a lot of correction if you want to use as a means of daily payment, bahwasannya very slow confirmation takes hours to create a small transaction bottleneck. maybe another crypto could be faster. I think it's impossible, it's about time-consuming transaction and shipping costs
just imagine if bitcoin is used in everyday life, for example when you queue to pay tolls, imagine the congestion on the highway is happening, because too long wait for payment confirmation time. Cheesy Cheesy Cheesyitu will create the "worst" jam. throughout history

I think bitcoin will be very difficult in daily trading. Bitcoin currencies will be very good for large value transactions, but it will be very difficult for small transactions. Because bitcoin trading is slower, it takes more time with these types of passwords and higher fees. It will be very troublesome and take a long time when shopping for small value products. So I think bitcoin will not become a daily currency.

i little bit disagree if bitcoin became daily currency.
i prefer to make bitcoin became asset like gold and for online payment too.

I don't think bitcoin can be a daily currency. Its trading speed and transaction fees will limit it. I don't think any cryptocurrency can be a daily currency, they all need the Internet, and when there is no Internet time, these transactions will not be completed.

If by daily currency you mean, transactions are done only using bitcoin then that's not really possible. Even though, lots of people are paying using bitcoin, I also have bought services and stuffs using bitcoin, it can't become daily currency.

recently we can`t say that btc is suitable for daily payments but these problems that prevent btc to be a daily currency are not very serious problems such as high fees and transaction speed, so those can be fixed within some months.

Will not be. Because the restriction of bitcoin will not meet the same value. We really expect that, but bitcoin will no longer be the most distinctive feature if there are adjustments in this way. Can you change the algorithm and adjust the supply to make the idea farther?

Also in my opinion the bitcoin will never be a daily currency both for the fees and for the high unit value and the inconvenience of using it in very small fractions in purchases. However, it will be a reserve currency in perspective.

The BitCoin Fees are too high, transfer time is too long.
Why not use any other coins?  :)
I Think that there are few more better coins that can replace BitCoin.

Bitcoin has made it into the mainstream ina a lot of ways! There are a lot of places you can spend BTC and I wouldn't be surprised if more places got on board. 

Exactly for my opinion too this cant be the one of what we may have to be that this can be some of the currency that can be used for daily cause there is a lot of way to be process and to be change for

Can bitcoin become a daily currency, yes because of the popularity of bitcoin we can use them as digital don't forget we use money as our currency maybe in the future will use bitcoin as payment and purchasing a product. But there are some company accepted as payment.

Sure it can I believe. Im looking forward to it with the technology that we have and the internet it's about time to change paper bill to a much more faster, safer and less payment of transaction as bitcoin. One click of my  phone and there it goes!

I think it's possible. Now bitcoin has many shortcomings that limit it to a daily currency. But I think that with the development of bitcoin, its shortcomings will be improved, and then it will be recognized.

This may all seem somewhat beautiful and impalpable, nonetheless it very bodes well. The Bitcoin prepare is developed of mineworkers, United Nations agency square measure place resources into keeping the money secure and steady as they're paid in bitcoins and set about as endorses of the blockchains through their action. like several on the online and automatic business, it will be susceptible to hacking and felony, equally as your bank will.

You may not expect bitcoin to be a daily currency, even if it will be, not anytime soon.
One way you can make it available for daily use is, making  a large amount exchange and cashing it out. Then you decide on spending it little by little.
With that one can make daily transactions. Without waiting for daily withdrawal.

Bitcoins can not become common currency, many countries have banned and not accepted bitcoin so it can not become a common currency but the value of it is still increasing.

Absolutely bitcoin can become a daily currency because many country accept the payment by bitcoin and the evolution of technology need necessary the change of financial laws and i think that evolution will change the daily currency by bitcoin

It will be a daily currency till:

1) We do something about the transaction fees. Consider paying $2 as coffee price and then 1$ as additional transaction fee. Very impractical.

2) We make the bitcoins transfers instant. Consider sitting at the coffee shop for extra 10-15 minutes till the transaction is confirmed.

I think it could have been. But like what you said about slow transactions and high fees may be a problem that will soon be addressed, there could be a system change in blockchain in total or there is the addition of new methods. But they must be thinking and finding the best solution to this problem.

As I think, bitcoin can not be used for everyday transactions, because each transaction costs a relatively high cost, and the bitcoin stability is not.

Bitcoin will never be a daily currency, it's about high transaction costs.
Bitcoin is better suited to make an investment, although the initial goal of bitcoin is to become the world's currency but now bitcoin has a greater purpose than its main purpose...

Yeah, bitcoin can not become a daily currency when the value of bitcoin will be different every day, that will make the transaction problem very difficult, combined with time to confirm the transaction is quite long, it's really inconvenient for daily use. In addition, the price of bitcoin may increase, spending it every day is a waste, I do not think people would like it to become a daily currency, they will be hurt in the future, so if we need money, we can borrow or convert a small amount of bitcoin into cash, this will be more suitable

It is not yet the time if you are pertaining on a daily basis. For it to be use for daily basis it should be at a stable rate value wise and accessibility should be widen enough so that all levels of society could use the system which is not yet feasible at the moment. What we need is a proper time for it to be executed and implement worldwide but maybe this could happen probably not this year or some years later.

The existence of Bitcoin and other virtual currencies poses certain challenges for the current currency system. A potential solution to the Bitcoin price fluctuation problem is to link Bitcoin prices to gold. Bitcoin backed by gold can become a formal currency

I think it doesn't depend on bitcoin, but on the stores weather they accept bitcoin as payment or not. now bitcoin hasn't become a daily currency because it is very rarely stores which accept bitcoin as payment due to the governments still ban in as payment currency in most countries. technically, bitcoin in most countries still is treated as commodity, not as currency. only some international companies like google and microsoft use bitcoin as payment.

it appears to be hard to happen in light of the fact that Btc isn't a money thing as cash Btc later on can be an advantage that can be spent in one shop and different spots who can acknowledge Btc payments with Btc charge card which now numerous ventures need to actualize it however shockingly this has not absolutely can supplant cash considering the numerous individuals who need to reach.

Bitcoin can not be a daily currency, because the cost is too high and it also takes time to transact. I think bitcoin better be our gold on the internet (digital gold) and become our assets for the future to come.  ;D

Truly there square measure varied enhancements that bitcoin wants and our general public that got it. everyone have to be compelled to understand what bitcoin is with the goal that they understand on the foremost skillful methodology to utilize bitcoin and knowing in addition its vast capability. Bitcoin will empowers causing money where we tend to square measure but the expenses square measure the difficulty and that we have to be compelled to be focus on that thus it may be low and various people will have the capability to utilize it.

This can be possible for people who are now joining bitcoins. But for the majority of people in a counter this is not because some cannot access internet and are not computer literate.

There will come a day when bitcoin will takeover as a daily currency, and it has to be remain currency because if it becomes an asset then ultimately it is going to loose the worth. The assets are kept by the rich elite class of the world just to show off and bitcoin cannot be shown like gold, diamond, properties and other assets. Furthermore, the people who are not believing it they might not have seen how easily bitcoin is making its way.

It's highly unlikely that Bitcoin will be a daily currency right now, sir. We all experience slow confirmation times and fees are consuming much of our balances. Most people are also thinking of Bitcoin as a vehicle of investment instead of a currency. So the answer in this situation is no.

It could be done but the problem is whether in the country have legalized bitcoin as daily payment, if indeed we can also know that the shipping cost is very small, but some are still need a very expensive cost ..

Unfortunately I'm still having trouble using bitcoin directly, this is because bitcoin users in my country are still very small and not many merchants, restaurants, that receive bitcoin directly.

If to answer this question from the standpoint of today's trends, the answer is unequivocal – can not. But bitcoin has its fans who will not slow down to be outraged by such uncompromising skepticism. Besides, short answers are always introduced into a stupor, and the conversation I want to continue. The only one that needed clarification, another proof, someone hope – and suddenly there's a chance? They really want to get your hopes up – of course there is!

At the moment, bitcoin is the only coin that has the potential to become a means of payment. Of course now it has many disadvantages that we know, but when the problems with these disadvantages will be solved for coffee and other things we will be able to pay in bitcoins.

It is hard to use Bitcoin as a daily currency like using fiat currencies, for paying for coffee and so on, because it have high fee and also slow transactions. Sometimes you need waiting several hours or days until you get the first confirmation, and this feature is not going to help making fast daily deals. But it is still available to paying the bills online mainly.

if the blockchain is creating a revolutionary way of using money and cryptocurrencies like bitcoin remain popular then of course btc will be used as a daily currency and what we need now is improved transaction speeds to make sure we achieve this, hopefully through LN.

Its hard to become daily currency specially for bitcoin since its non acceptable in community. Mostly people exchange it with their fiat. I search a lot of places where bitcoin can be accepted but people refused to accepting it. I heard japan is the place where people use bitcoin and government supporting it. So to make it daily currency we have to move Japan, its just my thought .

I think so, bitcoin is it too hard to become a daily currency in the world.
bitcoin in japan is legal, we can use btc for the payment there. but not all countries support btc for the payment like in japan.

Yes, definitely, due to the implementation of the lightning network, bitcoin transactions have become much faster, and almost no fees. And fees would only affect you too much if you were transacting very small amounts of money, which is not much likely nowadays. Bitcoin has the potential to become a daily world currency, due to its speed, ease of use, and most importantly, its loyal community, which is basically the backbone that holds a crypto together.

Bitcoin doesn't need to be an everyday currency, but rather serve as the store of value in the representative form of digital gold. If that is the case, then higher transaction fees and long confirmation times reduce the incentive for participants to move money, leading to more holdling, theoretically reducing the supply and increasing the price. Other currencies can then serve as the decentralized payment method.

Well i think what's keeping btc from being considered as a currency is it's volatility more than it's acceptance. You can't have a currency that changes value that quickly since it's going to be very unstable.

I think Bitcoin becomes a daily currency. Because Bitcoin is high in fees and it's long confirmation time and market demand more.
Gradually it is getting legitimized nationwide and popularity and rising.
It is a valuable digital cryptocurrency which is easily transferable. Bitcoin has cleared the human need. The rate at which humans are using it seems to be a daily coin.

If problems with the slowness of transactions and the high cost of commission fees will be solved, bitcoin may well become a crypto currency for everyday purchases. Although a few months ago this was a very big problem for bitcoin, recently the situation has improved a lot. Transaction fees have become small and this is already noted by many. If bitcoin will improve in this direction, it is quite possible.

Maybe in the future bitcoin is a regular daily currency but on this time it is just an online digital currency and used only by bitcoin holders, because not all people are know and using this, they are only using fiat for their daily expenses.