Bitcoin Forum
June 07, 2024, 08:14:56 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3]  All
  Print  
Author Topic: Volatile Bitcoin still isn't money  (Read 1680 times)
BombaUcigasa
Legendary
*
Offline Offline

Activity: 1442
Merit: 1000



View Profile
June 29, 2015, 02:44:10 PM
 #41



BTC: 3.5 billion USD
EUR: 11760 billion USD

BTCVOL: ~15%
EURVOL: ~5%

So how come this monetary mass 3360 times greater than BTC is only 3 times more stable?!
ThEmporium
Full Member
***
Offline Offline

Activity: 196
Merit: 100


View Profile
June 29, 2015, 02:50:16 PM
 #42

Hundred percent, it is the future pioneer in the financial sectors, Volatile is the bit hard word to describe the Bitcoin digital currency, but you can called it variable, due to the market demands and money flow in the transactions. It is an internet digital money which has no central bureau.
Amph
Legendary
*
Offline Offline

Activity: 3206
Merit: 1069



View Profile
June 29, 2015, 02:54:41 PM
 #43

snip

BTC: 3.5 billion USD
EUR: 11760 billion USD

BTCVOL: ~15%
EURVOL: ~5%

So how come this monetary mass 3360 times greater than BTC is only 3 times more stable?!

maybe because the more it fall the more hard is to have a good % in stability, the more you are big, the more tiny is the progress akin to a logarithmic scale(base ten), were going from 100 to 1M will only make it x3
Erza
Legendary
*
Offline Offline

Activity: 1078
Merit: 1000


View Profile
June 29, 2015, 04:28:23 PM
 #44

It is hard using Bitcoin as a currency while it is very volatile. These past few months of stability have been great for using Bitcoin as a currency though. Even though using Bitcoin as a currency while it is volatile can be confusing and cause some problems, I believe that Bitcoin's price will stabilize with mass adoption.

Yes, we need only 1-3% fluctuation for 24 hours..... then we can call bitcoin is a currency

What are you saying here? That fluctuation doesnt mean we can call bitcoin as a currency. This will need some regulations to make this as a currency



Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!