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

[otandelapaz]

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

Before you even think of inflation, stability, legality etc.  Bitcoin or any other cryptocurr cannot and will not replace a currency for the simple reason of accessibility.  You cannot have bitcoin anytime, anywhere.  You need internet connection, you need a device, you'll need electricity. And you need the other person to have these too.

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[swaptaker]

Bitcoin can not replace normal cash for some other reasons.Can you imagine that some businessman use bitcoin in order to purchase some business transaction and that because of coughing, as well as other problem, he manages to lose that money.Can he complain to his bank or even the police?Can he prosecute someone who controls bitcoin and is responsible for bitcoin transactions?Big price changes will also be a reason, obviously.

But we're not trying to use it as a national currency. The purpose of bitcoin is to make Money for me. Not using it like a Money or shopping etc.

So the current situation is totally okay by my side.

[Rishabh riyz]

Having a stable value actually is of no advantage, fluctuating value help the traders and business people to make more profit.

bitcoin can become stock but cannot become currency

BTC already is a digital decentralised crypto currency and also a stock or we can say asset.
The fluctuation are present in every currency. It's just that Bitcoins are good in that also .
The fight is not for defeating native currencies , it is for accepting BTC in the nation. So I guess the fluctuating value shouldn't be a problem.

[kiver]

the only reason for bitcoin unstable price is it doesn't get accepted bye companies or merchants around the world but let say if bitcoin get accepted as a form of payment bye microsoft ,amazon etc.... why would i change it for usd or any other currency the price will more stable then.

[Phyton76]

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 bitcoin really cannot replace currency in the world because price is not stable.Bitcoin is a long way from becoming a currency you can live your life in. You also only have 7 transactions a second. But that doesn't mean Bitcoin isn't immensely valuable as a medium-term and long-term store of value.The value if the bitcoin keeps on changing and changing.

[Paul stuart]

that's exactly what I think, it's too unstable to be used anywhere yet.

[Virman01]

basically it's a bitcoin can not be a currency like USD or so, but are not all of those currencies not really stable? So what?

CMIIW

[Protomono]

I think not the stability value that makes bitcoin can't replace fiat currency. However, more to its acceptance factor. Because, until now there are countries that do even ban bitcoin. One day, value bitcoin will stabilize.

[jityap]

Bitcoin can replace the worldwide currency,but it takes some times.bitcoin is good option to send and receiving the money to one country to another country.bitcoin same in any country.our regular currencies price is not stable,so we can accept the bitcoin is also the currency.

[cryptopher1]

i think we can live with both fiat and crypto. there is no need of one eliminating the other. and as everyone is saying, Bitcoin is not even a decade old yet, note even a teenager.how long have the fiat currencies been in operation? centuries. in the long term i think bitcoin will serve a lot as a tore of value and a medium of exchange.

[hypersonic1]

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 you know anything about the history of currency there have been much larger swings than 20%.

[DrYe5]

i think we can live with both fiat and crypto. there is no need of one eliminating the other. and as everyone is saying, Bitcoin is not even a decade old yet, note even a teenager.how long have the fiat currencies been in operation? centuries. in the long term i think bitcoin will serve a lot as a tore of value and a medium of exchange.

Currently it is not stable and the course is still growing. But we do not know what will be the year for example. Maybe the price will stabilize and bitcoin will be able to replace the current currency in well developed countries.

[xandriel]

Yes, I agree with you. Bitcoin price is not stable. No one wanna use their asset for payment daily. They store it for future.

[Nightmare1325]

Yeah! It’s clear. In the world Bitcoin can not replace the currency. Because it’s a only based on internet currency. It’s not looks like a another currency like dollars. And it’s price not stable. To earn and sell Bitcoin need a internet connection.

[jak3]

Surely Bitcoin can replace the physical currency in the world. If you think the currency is more stable than Bitcoin or any other cryptocurrency then it is not true. You are seeing currently there are more people using currencies than Bitcoin so currency has a more market volume then Bitcoin which makes it more stable. And once the physical currency goes out from the frame, then I am sure people will join Bitcoin and that will make Bitcoin more stable.

[kingvirtus09]

There's a Pros and cons about bitcoin. just like other cryptocurrency they may surpass bitcoin but at the end bitcoin will be the king of all cryptocurrency/curremcy. wait for other private sectors and governments decide about bitcoin.

[kush14]

It can be a currency but in a certain country or a place because bitcoin is not t
That stable than a currency of the world

[jhewlijw]

Bitcoin is famous currency in world wide,it will be world wide currency in future.bitcoin price is not stable but other currencies are not stable.bitcoin easy to exchange in any currency.it will possible in upcoming days.

[xiaomingdada]

Bitcoin is still under development, so the value of bitcoin has not been set, and the price of bitcoin fluctuates more. Bitcoin can become a global currency, Bitcoin still has a long way to go. Bitcoin era will come.

[Delarock]

I agree with you, if this happens then Bitcoin will be the global currency of the whole world and everyone can travel or pay with Bitcoin. I think the world is in favor of Bitcoin and will soon be legalizing Bitcoin in the future