In the 3rd & 4th quater of 2018 up to Jan 2019, we have experienced a correction from that ATH and we are seeing much less volatility in the price. <The price hovering between $3500 and $4000>
Honestly speaking there are a long way still to go for bitcoins to be accepted as matured currency. The key factor of a currency should be it's less volatility but currently or till now predicting this from bitcoins is not wise.
bitcoins are now around $3500 but no one know what will be the price value after a week. But consider the price between dollar/euro or dollar/pound it's predictable that there will be no big difference in near future in value.
bitcoins is still something good for investment but not everyday currency. May be Lightning Network will improve the Bitcoin and change the way we see bitcoins now.
Please see why I use
bitcoins every time instead of Bitcoin 🙂
It will be hard for merchants to accept a volatile asset as a currency or a means of payment for them, Bitcoin will start being used as a currency when the majority of the merchants or service providers will accept it just like they accept fiat or paper money. I think it is too early to say that Bitcoin already matured as a currency and the volatility will never be lessened like what other people here think, Crypto Currencies are decentralized and no one controls it and anything can happen in a short period of time, the level of risk in this industry is really high.
Bitcoin is still an investment medium or a speculative asset that we are using right now and there are no signs that it will soon become a real currency like fiat does.
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