bitcoin cannot replace currency in the world because price is not stable

[ankylotic]

Even when the price of bitcoin will stable in coming years it will not replace any currency at all. Because it was not intended for that purpose at the first place.

i don't even think that its price will going to be stable in coming years.
i am following it from almost 2 to 3 years and over the years i have seen that price is keep of fluctuating and there is not any time or interval of time that i have seen its price to be stable for even a week or a day. you don't even guess its price for next hour. so, predicting it to be stable in next comming years is not even understandable.

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[emberbekas]

bitcoin cannot replace currency in the world because price is not stable.

currency should be more stable.

you may reply me. currency is not stable also but you should think  

USD currency price is up and down 1-2% in 1 month.

bitcoin price is up and down 20% in 1 month.

what will people think if they just change USD to bitcoin then their money down 10% in 10 minutes?

bitcoin can become stock but cannot become currency

I can't imagine if bitcoin became a currency and widely used by people as payment method daily. The price of stuffs we will buy can be changed from time to time and that will make our life even harder.

[ufaiz50]

bitcoin is a decentralized peer-to-peer payment network. I think bitcoin almost lost its function because users prefer to hold it in the form of investment caused by the fluctuation. the absence of government control will make bitcoin difficult to replace fiat.

[Giapmanhdong]

Bitcoin is only stable when it reaches the limit.

[lombok]

Your view of bitcoin is true, too, that bitcoin can not be the world currency because its price is not as stable. Bitcoin is used for people doing business in bitcoin, by investing their money and making a profit.

[Konthol Ngaceng]

bitcoin is a decentralized peer-to-peer payment network. I think bitcoin almost lost its function because users prefer to hold it in the form of investment caused by the fluctuation. the absence of government control will make bitcoin difficult to replace fiat.

Yes I agree, as long as no official state uses bitcoin, then bitcoin will continue like this, never stable and like a roller coaster, a day can go up and down tens of percent, it all depends on the market, feel lucky then they will sell and vice versa.

[Aur3]

bitcoin cannot replace currency in the world because price is not stable.

currency should be more stable.

you may reply me. currency is not stable also but you should think  

USD currency price is up and down 1-2% in 1 month.

bitcoin price is up and down 20% in 1 month.

what will people think if they just change USD to bitcoin then their money down 10% in 10 minutes?

bitcoin can become stock but cannot become currency

Bitcoin is made to be a global currency and not as stock.

Why is bitcoin so volatile?

Because bitcoin is in a very VERY young stage. The system isn't final yet. There are lots of updates to be made in the future that can determine if bitcoin will continue to be the de-facto of cryptocurrencies or not. Not to mention that we haven't achieved global adoption yet.

The USD has been around since forever. So common sense should tell you that it will be stable compared to crypto that hasn't even been around for more than a decade yet.

Do your own research.

I seem to agree bitcoin will become a global currency. It takes time, however. No one can say what is guaranteed and what's not. The success of bitcoin depends on various factors such number of investors, efficiency of its mining team, progress of its programming flowcharts etc. therefore; it's hard to predict what the future holds. Bitcoin proves itself as the frontrunner of cryptocurrency but it isn't enough until it becomes a global currency, and every one starts to use it every day.

[DIAH PERMATASARI]

Everyone does not yet have the tools to use bitcoin, so bitcoin can not change the world's currency will create a new problem, let bitcoin only requires internet connection only to make transactions.

[joromz1226]

bitcoin cannot replace currency in the world because price is not stable.

currency should be more stable.

you may reply me. currency is not stable also but you should think  

USD currency price is up and down 1-2% in 1 month.

bitcoin price is up and down 20% in 1 month.

what will people think if they just change USD to bitcoin then their money down 10% in 10 minutes?

bitcoin can become stock but cannot become currency

Yes, It is true for now bitcoin is not that stable compare to the dollar. Though at the present time now bitcoin is well known in different countries whether Asian country, US, Canada, and others. Bitcoin is already a currency even it is not a physical touch but can be converted into a real currency so how come that bitcoin is not a currency. Are you kidding me mate

[DoublerHunter]

bitcoin cannot replace currency in the world because price is not stable.

currency should be more stable.

you may reply me. currency is not stable also but you should think 

USD currency price is up and down 1-2% in 1 month.

bitcoin price is up and down 20% in 1 month.

what will people think if they just change USD to bitcoin then their money down 10% in 10 minutes?

bitcoin can become stock but cannot become currency

Yes, It is true for now bitcoin is not that stable compare to the dollar. Though at the present time now bitcoin is well known in different countries whether Asian country, US, Canada, and others. Bitcoin is already a currency even it is not a physical touch but can be converted into a real currency so how come that bitcoin is not a currency. Are you kidding me mate

I agree with you, bitcoin is already a currency because we can use it in some websites to buy or use it as a money to buy things that we want and also to pay our bills and worry for the effort and hassle that we might experience when using fiat to pay bills. Bitcoin is like a lazy man's currency but it is great for the possible future system of our world in money.

[8Habits]

bitcoin cannot replace currency in the world because price is not stable.

currency should be more stable.

you may reply me. currency is not stable also but you should think 

USD currency price is up and down 1-2% in 1 month.

bitcoin price is up and down 20% in 1 month.

what will people think if they just change USD to bitcoin then their money down 10% in 10 minutes?

bitcoin can become stock but cannot become currency

Yes, It is true for now bitcoin is not that stable compare to the dollar. Though at the present time now bitcoin is well known in different countries whether Asian country, US, Canada, and others. Bitcoin is already a currency even it is not a physical touch but can be converted into a real currency so how come that bitcoin is not a currency. Are you kidding me mate

I agree with you, bitcoin is already a currency because we can use it in some websites to buy or use it as a money to buy things that we want and also to pay our bills and worry for the effort and hassle that we might experience when using fiat to pay bills. Bitcoin is like a lazy man's currency but it is great for the possible future system of our world in money.

and the very reason why bitcoin is already considered as a currency is due to the fact that its value keeps moving just like a current - it has no fixed value. However, due to its volatility, cryptocurrency traders are capitalizing on it and earning big profits out of their winning trades.

[GuppyMan]

Bitcoin can not replace the usual currency, not only because of the unstable price, but also because of too long passage of transactions and the inability to make transactions without the Internet.

[qiwoman2]

Bitcoin is becoming an International parallel currency now. More and more people are relying on Bitcoin related jobs for their living and more and more people are converting some of their FIAT currency to Bitcoin. Some countries now have made it legal tender also and I believe we are in the advent of the digital currency revolution. Maybe in 50 years from now paper currency as we know it today will be a thing of the past.

[Xester]

You do have a point about bitcoin cannot become currency.  Well like what you stated, bitcoin do not have a stable price and like what you said it is like dollars and other currency.  So therefore, bitcoin can become a currency.  I think it is not about the price stability but the user of that currency.  Or if the government will acquire or adopt bitcoin as currency then it can become a currency.  And if through votes then for sure bitcoin will win as there were many patronized bitcoin as of this date.

[8Habits]

You do have a point about bitcoin cannot become currency.  Well like what you stated, bitcoin do not have a stable price and like what you said it is like dollars and other currency.  So therefore, bitcoin can become a currency.  I think it is not about the price stability but the user of that currency.  Or if the government will acquire or adopt bitcoin as currency then it can become a currency.  And if through votes then for sure bitcoin will win as there were many patronized bitcoin as of this date.

You have the point - I forgot who was the US President who declares dollars as a currency already he's main thought was that the dollar is no longer have a fixed value but will keep on changing and be affected by inflation. With bitcoin, we see the elements but it is not yet officially declared as currency but it is acting one at the moment already.

[audaciousbeing]

Bitcoin is becoming an International parallel currency now. More and more people are relying on Bitcoin related jobs for their living and more and more people are converting some of their FIAT currency to Bitcoin. Some countries now have made it legal tender also and I believe we are in the advent of the digital currency revolution. Maybe in 50 years from now paper currency as we know it today will be a thing of the past.

I agree with your argument that in 50 years which is a long time for bitcoin to achieve the stability with other development that it would have witnessed between now and the next 50 years and for that reason, I believe its possible for bitcoin to replace the Fiat and for those pessimistic, I believe you would have done same thing if someone would have suggested that bitcoin would reach this feat, you would equally have said no but its happening in our very own eyes.

[webmastax]

Bitcoin still in a very earlier stage. It's early to talk about as global currency.
We don't know what's going to happen after 20 yrs or more.
For now it's sufficient to see bitcoin community growing.

[Nicol3]

I don't understand why people are thinking bitcoin will replace the currency int the world when bitcoin is still very young and it has a long way to go. It has to prove its existence compared to those currency that has been here for a long long time.

[Ewinsane]

I agree 100%, i think twice before spending Bitcoin because i think it's price will go up lol

Yes , it can't be a currency. It's just like an investment. And when you pay people with Bitcoin, it's just like when someone worked for you, instead of paying cash you pay them with a raw material they can profit much from. Bitcoin is meant for you to invest your currency and let it grow.

[bohr]

I never thought and never wanted bitcoin into currency in the world, bitcoin is a crypto currency that is not required to replace currency in the world . I will support bitcoin but I would not agree if bitcoin replaces the currency on a country.

In the future you may not have a choice, the dollar is the legal currency of several countries despite not being printed there, at some point of the future the economy of a country is going to fail and I will not find strange if some people decided to use bitcoin instead of dollars or a new local currency, when that happens it will be undeniable the tremendous influence that bitcoin has all over the world.