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

[BlueStackz]

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

If bitcoin was to replace fiat money as a whole, it has to be stable first in order to achieve this. If doesn't stabilize the way it should be, then it wouldn't be a viable candidate to replace fiat money. Fiats are stable that's why it's an ideal currency barter with stores. Bitcoins, on the other hand, is so unstable that at some point, prices go up drastically and goes down drastically as well.

It’s not true bitcoin price is very high in world and all currencies are behind from bitcoin so if we the price of bitcoin it’s going to change fast in a week and still it’s on the top of all currencies that why I always suggest to check the price of bitcoin every day in order to avoid the wrong statement and hope in future bitcoin price will be more high.

[8Habits]

I believe that bitcoin someday will become currency but not that it will replace fiat currency, remember the banks wants to control what currency in order to have control to the world. Bitcoin cannot be controled by the banks because there are lots of wallet that can be used for bitcoin without having trabsactions to the bank.

Precisely. Although I believe that bitcoin is already a currency because of the fact that its price keeps on changing from time to time. That is really the real meaning of currency - its value keeps on changing unlike before fiat money was not yet called currency when its value is fixed.

[AriannaSantosUU]

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 think you're right that bitcoin cannot be a currency. What it can be is an online mode of payment that is private and secure. It is also good as an investment. With these traits, I don't know why we would ever want to change it to a currency.

[noictib]

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 , this is the truth that bitcoin can't replace the fiat currency Because both of them are having another another quality and advantages at thier own place .
Here we can see in the bitcoin we have much flcutuations but in case of the fiat we have the much stability .
Here we have fiat and currency both seperate Because we have profit with these two , innown ways .
With bitcoin we are making money and if the market of the bitcoin going down then with the help of the  fiat currency we can maintain our
Loss and profit easily with stability .

[GreenBits]

its not just the instability of the price, its also the fact that fiats arent anything like bitcoin. like literal opposites, bitcoin is cashless while fiats are physical. physical money, in the real world, cash is ultimately more convenient than bitcoin, or any digital currency. fees come into play; you can transact cash with no fees, simply hand someone some cash and receive your product. sure, its impossible to order a cellphone from china with cash off of the internet. ive tried sticking money in the vent holes but it doesnt work   but how often do people really order things outside of their economies? more and more in this global age, but the overwhelming majority of transactions take place within 25 miles of your home.

it can function as a currency, but this behaves like a penny stock. from hell.

[rickyleatham]

government still let not just because bitcoin price is not unstable but also many reasons like the bitcoin is anonymous so the overnment can not trace to control bitcoin, that makes harder for the government, second, many people dont know about bitcoin affraid bitcoin will destroy their entire economy so they dont allow bitcoin to popularize.

[ictin]

government still let not just because bitcoin price is not unstable but also many reasons like the bitcoin is anonymous so the overnment can not trace to control bitcoin, that makes harder for the government, second, many people dont know about bitcoin affraid bitcoin will destroy their entire economy so they dont allow bitcoin to popularize.

Yes, I agree with you. Maybe some countries in the world will accept Bitcoin like a kind of currency. But I don't think governments let Bitcoin replace cash or normal money.

[imamimam1234]

true but who knows someday, I guess currency still the best because it is backed up by many countries and governments will do their best to keep their currency , and bitcoin are you sure gonna keep it when bitcoin dumping so low and crashing I guess not, so stable price is the key of economic works. CMIIW

[The Alchemlst]

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

Nothing is impossible and we can't know for certain how things will unfold after bitcoin reach its capped and highest possible value. But I agree that bitcoin cannot be considered as a currency right now and is not stable maybe because of the active market today due to its very high value.

[Riya R]

Bitcoin is not a globally accepted currency. Many countries are not accepting bitcoin. It is still young. Bitcoin may become a global currency but I'm not sure will that make bitcoin replace all other currencies in the world.

[taiwww]

Currency of any country reflects stability of economy.
Worlds popular currencies moves 1 to 2 % every year.
These currencies are centralised in nature they have some solid base of gold etc.
Their supply can be regulated by the respective governments.
These governments can manipulate these currencies.
Bitcoin as a decentralised currency depends solely on the demand and supply created by its traders so high volatility is obvious in its nature. Due to its decentralised nature no one can manipulate or control it.
So bitcoin is quiet good as a digital currency or as a medium of investment but it cannot replace world currency. The comparison of it with USD and other currencies in not worth.

[learner 7]

Why do we go to extremes, we want to completely exclude something. These processes should occur naturally. If there is a replacement for someone or something, this will happen. And this will be the decision of the community's market

[Betwrong]

Why do we go to extremes, we want to completely exclude something. These processes should occur naturally. If there is a replacement for someone or something, this will happen. And this will be the decision of the community's market

I agree, I think that fiat money and cryptos can coexist peacefully for the benefits of all people around the world. )

IMO Bitcoin can replace fiat currency but it isn't necessary right now because both are useful. Right now the goal for Bitcoin is to be used as much as fiat by most people. That's what Bitcoin can achieve in the next several years. The replacement, if we need one in the first place, can happen only in the far future.

[AltCoinProject]

I agree with you. This is why we need a stable one. Also this stability should be supported by math.  

[meida]

Bitcoin is still in its infancy, so the value of Bitcoin has not been set and is not yet stable enough, but Bitcoin is a stable currency when Bitcoin is mature.

[Sachinist]

The reason for this is very simple. Bitcoin is still relatively new, it's not fiat and is measured in fiat. When Bitcoin is more widely adopted, the price will be more stable but it will never be stable when you keep looking at its value based on fiat. When Bitcoin becomes fiat, which could happen in 20 years' time, everything will be priced in satoshis and you won't think its value is unstable.

[iL_P4driNo]

Bitcoin price can go up 100% or down to half in few days or less. For this reason it can't replace usual currency because a currency is supposed to be more stable to better evaluate any product in the market.

[Fatemablabla]

Its still new,many countries dnt even knw what it is.so give it a little bit time.maybe in the future we will find a stable one.think positively

[miss.M]

There are many reason that we can see why bitcoin can not replace the currency in the world. We all know that the bitcoin is a volatile. but it is not the only reason why it can't replace other currencies because like other matter always have a competency to know the advantage of each and to know what is better.

[ayeshajum07]

The reason why Bitcoin was invented is simply because to co-exist with fiat but not to replace currency in the world.Thankfully because government yet has no control over it.