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FiiNALiZE
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February 28, 2018, 10:46:47 PM |
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No currencies have a stable value, USD, for example, is always changing in value - mostly downwards. But because 1 USD will also be worth 1 USD tomorrow, people don't notice this. Bitcoin is however very volatile and wouldn't be suitable as a currency atm. If bitcoin and other cryptocurrencies really do become truly mainstream then the same logic applies, 1 bitcoin = 1 bitcoin tomorrow, no matter what. The USD is just not swinging in value fast enough for people to notice in their everyday life, only when looking years back noticing everything has become 40% more expensive in the last 10 years
People know of currency for what it is visibly. A dollar bill is a dollar bill, they don't notice the price of their dollar bill appreciating or depreciating. They can notice it when they purchase things in the stores within the area. |
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bloodyvio
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February 28, 2018, 11:30:20 PM |
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bitcoin is not a government-regulated currency
that's why the bitcoin price is unstable
peoples must convert their bitcoin into local currency to buy something on their country
because not many stores accept bitcoin as payment
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Yatsan
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Leading Crypto Sports Betting & Casino Platform
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February 28, 2018, 11:39:48 PM |
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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
Actually, bitcoin has all the capabilities on replacing our present currencies considering the fact that it has a lot of good features which makes it more attractive and it can even give great convenience for everyone compared to our present currencies. If only it is legal worldwide, it will surely dominate and take over the world as it becomes the currency we will be using. |
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cherrymobile
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February 28, 2018, 11:41:55 PM |
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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
Unfortunately yes, bitcoin couldn't serve it's intended purpose to be the official currency of the internet because of high volatility rates that bring about a huge amount pf value fluctuations.this doesn't only hurt the chance for bitcoin to become what it is intended to but also the value of bitcoin. A huge amount of price drops over the course of bitcoin's existence could be credited to thid huge pain in the neck. |
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dobladi
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February 28, 2018, 11:42:26 PM |
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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
Nobody can stll predict what the future holds. Anything is possible right now specially when the time comes that bitcoin gets legalized in the whole world already. If people would keep on patronizing bitcoin, there's a big chance that it would replace fiat money in no time and dominate all of them while making all of our lives more convenient as time passes by. |
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vina.lugtu
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Merit: 11
🚀🚀 ATHERO.IO 🚀🚀
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February 28, 2018, 11:55:43 PM |
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I agree. Stability is needed in order for bitcoin to be considered as a currency. I never think of bitcoin as a currency. I always think that bitcoin is an investment and there will always be risk. There are a lot of people who fantasize about bitcoin being a currency, it will never happen unless bitcoin will turn into cash, not your currency, but a cash who represent bitcoin.
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IlbiStarz
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March 01, 2018, 12:34:53 AM |
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Nobody is saying about replacement. I think that all financial operations will move in the digital world one day. Countries will create the analogue of their fiat as crypto. So paper and physical money will go in the history simply.
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Donceng
Member
Offline
Activity: 251
Merit: 10
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March 01, 2018, 12:52:30 AM |
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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
it is true that this bitcoin can not replace the currency, because I think the bitcoin is an asset, trade, just a place. If this is made as a real currency this will make everyone go bankrupt. |
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rasmadisulaiman
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March 01, 2018, 01:50:20 AM |
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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
It is true, until when bitcoin can not replace the world's currency because bitcoin is very unstable. Bitcoin is only suitable for digital assets and traders use as their profit speculation. |
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Kizaki
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Merit: 250
CryptoTalk.Org - Get Paid for every Post!
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March 01, 2018, 02:30:12 AM |
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I guess this statement definitely has a point. I mean how could we leave our faith and trust on bitcoin becoming the world's currency if it's value continues to be volatile and not be stable. On the other hand, there is a chance that it would become stable if it is the only working currency that we all have in this world.
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Mokter
Member
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March 01, 2018, 02:35:18 AM |
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That's clear. Bitcoin can not replace the currency, in the world. Because, not everyone has the tools to use Bitcoin. As we know, Bitcoin need a internet connection.
You are right. Yet, bitcoin can change significant changes in the world's currency. It is getting momentum due to its technology and decentralized nature. People will use bitcoin more due to its demand and their necessity I think. |
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Yushikarokun
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Jr. Member
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Activity: 152
Merit: 1
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March 01, 2018, 02:40:02 AM |
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Bitcoin can't be international's currency in as early as what many assume. And there is no warranty that it is able to update greenback soon. Bitcoin doesn't capable of take care of nicely its cost. You said that usd rate goes up and down as well as bitcoin, however they don't the same percent on how excessive will it rise and how low will it fall. consider, if bitcoin replaces dollar nowadays, you have got your bitcoin, then all of sudden its fee is going down, will you compromise in case your bitcoin will reduce its cost with a large percent? sure dollar modifications its value, however in a completely small percentage wherein it does no longer provide a very large impact. unlike bitcoin, if its value is going up, you may be wealthy, however if it is going down, you may lose.
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sudah_wisuda
Newbie
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Merit: 0
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March 01, 2018, 02:41:35 AM |
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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, I agree. Bitcoin can never replace the world currency. Because Bitcoin itself still many shortcomings compared with real currency. The unstable price is a consideration why Bitcoin cannot replace the world currency. Because I think Bitcoin is only suitable as an investment asset not as a currency. |
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colmenajose
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March 01, 2018, 02:45:02 AM |
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Bitcoin will not replace the current currencies, it will only be a much better option for the seller, since its value and security will be very desired in the market.
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Bitcoin_trader2016
Member
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BITCOIN TRADER 2016
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March 01, 2018, 03:03:51 AM |
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You have a point with that openion but i think that was only not stable today because there are some fiat currency out there but i think if all arounf the world accept only bitcoin then the price of bitcoin will be stable.
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TobyToby12
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March 01, 2018, 03:06:47 AM |
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On fiat affect many factors as well, mostly it's politic situation inside the country and some other like price for oil. Bitcoin value is currently unstable and sometimes extremely volatile, but bitcoin is just on its infant state. Wait till people starts to adopt and use bitcoin on daily basis. A time might come where we might a stable price with less fluctuation.
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JakeJake99
Newbie
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March 01, 2018, 03:08:12 AM |
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Bitcoin will never be a currency because the price is changing and there is a big delay for the transactions. Right now we can't get there because we haven't scaled the blocksize as was intended.
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Louie6789
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March 01, 2018, 03:10:12 AM |
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Exactly what I've been thinking. You never know how much your bitcoin is going t be worth tomorrow, next week or month.I do not know what are you saying, bitcoin itself is a currency, but just a digital currency where there are no physical coin and a decentralised currency.
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Elijah1980
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March 01, 2018, 03:12:02 AM |
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Regarding the claim that bitcoin can not replace the currency due to the fact that its price is not stable, such a statement is not true in principle.When the time comes that the usage of bitcoin as currency overtakes its function as a speculative investment, then that will be the day that the price becomes stable.
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Luca.Luca
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March 01, 2018, 03:13:27 AM |
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Yes i really agree with your point currently bitcoin is traded not using to purchase and it is like stock but using this to buy other stocks then it is getting real money value .Bitcoin has started his journey with a low amount and it has reached more than what we expect. Still, there is a huge chance to people who can still buy it and hold for long term investment.
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