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

[senin]

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. Bitcoin can become one of the most expensive currencies in the world, but can not replace them completely because it acts as a digital high-tech currency. There are areas of the market where bitcoin aй not applicable by its nature and instability here plays no role.

[1715044392]

1715044392

[1715044392]

1715044392

[poplolnman]

This is a silly question that I may not be able to answer unless you really understand about bitcoin and the whole currency
I think bitcoin could replace it in the future if it really needed to be a much easier transaction tool

considering all of currency tend to have a stable currence (move up and down for below 10% only) then yeah people would talk that bitcoin aren't fit as a currency. but you know what i believe are that bitcoin could change the way currency work like that. we might could see in the future , the blockchain technology could be the center all of the currency.

[Schuyler]

For as long as the demand for bitcoin as an investment is higher than its actual usage as a currency, volatility will always be there. 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. When that happens is anybody's guess as we are still very much a long way to go towards that scenario.

[8Habits]

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. Bitcoin can become one of the most expensive currencies in the world, but can not replace them completely because it acts as a digital high-tech currency. There are areas of the market where bitcoin aй not applicable by its nature and instability here plays no role.

bitcoin will not replace fiat money, it will just serve as an alternative way to pay for online transactions that accept both fiat and Bitcoin. Bitcoin has also more cool features that holder of it can capitalize like investing on it, trading, gambling, and the like all in anonymity and doesn't require identification process which takes a lot of time to comply.

[Blamsud]

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. Bitcoin can become one of the most expensive currencies in the world, but can not replace them completely because it acts as a digital high-tech currency. There are areas of the market where bitcoin aй not applicable by its nature and instability here plays no role.

bitcoin will not replace fiat money, it will just serve as an alternative way to pay for online transactions that accept both fiat and Bitcoin. Bitcoin has also more cool features that holder of it can capitalize like investing on it, trading, gambling, and the like all in anonymity and doesn't require identification process which takes a lot of time to comply.

and it can be a better alternative since it gives us convenient in earning and making transactions. It can be a good help in savings for we can earn even by holding it for long time

[8Habits]

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. Bitcoin can become one of the most expensive currencies in the world, but can not replace them completely because it acts as a digital high-tech currency. There are areas of the market where bitcoin aй not applicable by its nature and instability here plays no role.

bitcoin will not replace fiat money, it will just serve as an alternative way to pay for online transactions that accept both fiat and Bitcoin. Bitcoin has also more cool features that holder of it can capitalize like investing on it, trading, gambling, and the like all in anonymity and doesn't require identification process which takes a lot of time to comply.

and it can be a better alternative since it gives us convenient in earning and making transactions. It can be a good help in savings for we can earn even by holding it for long time

Not to mention that there is no hustle in providing some identifications and verifications - meaning, we can do things and get things we want in an instant. Two good examples are online gambling and trading online that accepts bitcoin. You can literally gamble at this very moment when you have some bitcoins on hand.

[Trela]

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. Bitcoin can become one of the most expensive currencies in the world, but can not replace them completely because it acts as a digital high-tech currency. There are areas of the market where bitcoin aй not applicable by its nature and instability here plays no role.

bitcoin will not replace fiat money, it will just serve as an alternative way to pay for online transactions that accept both fiat and Bitcoin. Bitcoin has also more cool features that holder of it can capitalize like investing on it, trading, gambling, and the like all in anonymity and doesn't require identification process which takes a lot of time to comply.

and it can be a better alternative since it gives us convenient in earning and making transactions. It can be a good help in savings for we can earn even by holding it for long time

Not to mention that there is no hustle in providing some identifications and verifications - meaning, we can do things and get things we want in an instant. Two good examples are online gambling and trading online that accepts bitcoin. You can literally gamble at this very moment when you have some bitcoins on hand.

In past time, when reporters asked Warren Buffett, he had said Bitcoin can't become to a hidden gem or currency on the world's, it just a tool for helps transfer money between country to country, people to people ... to easy more.

[junan1]

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

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

I find the chart at btcvol.info is good for putting things into perspective.  Select "30-Day USD/EUR Volatility" and compare it to the default "30-Day BTC/USD Volatility".  Over the past year, BTC/USD volatitily has been very roughly about five times greater than USD/EUR volatility.

However, notice that bitcoin's volatility was significantly greater 4-6 years ago.  It's informative to compare this volatility chart with the long-term log-scale BTC/USD price chart (the second chart on the page).

If Bitcoin continues to grow over the next 10-20 years there's every reason to expect its volatility against other assets to continue to fall naturally.

[8Habits]

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. Bitcoin can become one of the most expensive currencies in the world, but can not replace them completely because it acts as a digital high-tech currency. There are areas of the market where bitcoin aй not applicable by its nature and instability here plays no role.

bitcoin will not replace fiat money, it will just serve as an alternative way to pay for online transactions that accept both fiat and Bitcoin. Bitcoin has also more cool features that holder of it can capitalize like investing on it, trading, gambling, and the like all in anonymity and doesn't require identification process which takes a lot of time to comply.

and it can be a better alternative since it gives us convenient in earning and making transactions. It can be a good help in savings for we can earn even by holding it for long time

Not to mention that there is no hustle in providing some identifications and verifications - meaning, we can do things and get things we want in an instant. Two good examples are online gambling and trading online that accepts bitcoin. You can literally gamble at this very moment when you have some bitcoins on hand.

In past time, when reporters asked Warren Buffett, he had said Bitcoin can't become to a hidden gem or currency on the world's, it just a tool for helps transfer money between country to country, people to people ... to easy more.

that is true.. it is one way to have a more convenient transfer of money in exchange of services or any other financial transactions online that accepts bitcoin as a mode of payment.

[Kaller]

For as long as the demand for bitcoin as an investment is higher than its actual usage as a currency, volatility will always be there. 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. When that happens is anybody's guess as we are still very much a long way to go towards that scenario.

Yes... when people stop "wondering" if Bitcoin/cryptocurrencies will work, then the price will stabalize. Until then we must get used to 5-50% swings on a daily basis.

[Blackwhite69]

that right, bitcoin It cannot replace real money, yet slow but for sure bitcoin will surely have its own glory days.

[Smarty14392]

Bitcoin is not a currency. Its a Cryptocurrency. And other cryptocurrency/altcoins may sometimes replace BITCOIN. Altcoina like ETH, DASH, are fastly growing and may replace bitcoin if they are more preferred. Even LTC is mostly used nowadays. But bitcoins is the father of all coins. Future for bitcoin is unpredictable.

[Russlenat]

For me there is now way to replace regular currency to bitcoin, because regular paper money is stable in the market and used by us long time ago until now and bitcoin is just a digital currency and not a physical money only data.

[dothebeats]

It wouldn't as it obviously combats what conventional currencies exhibit. If one nation is to use bitcoin as a currency, its computer systems should be properly organized and secured. In my country, I remember how easy it is to go into several government-owned computers using only public wifi as access. Given that the nation would rely every single cent it has taxed to people into bitcoin (plus the whole nation's budget as well), they should protect their systems as if that is where their whole lives depend on. Second, it is deflationary, unlike fiat which is the exact opposite. Third, fluctuating value would be hard since establishing a firm price for goods on that country would be hard except if they ignore bitcoin's equivalent to the global market. Lastly, not everyone is capable of sending/receiving bitcoins. There are still countries which is plagued by poverty and plenty of homeless people still exist as well.

[adivip]

yes,this is one of the reason and bitcoin cost is very high, so we have problems with cost.some shops may not accept the bitcoins because they may do not know the bitcoin exactly.bitcoin price always changes also.

[karmamiu]

   Yes its more likely than that, but lets not really assume or think that fats can replaced by bitcoins. Maybe they can work together but replacing both would be hard, its not only us who are using fiats and bitcoins think about other people, many people would prefer to use fiats because they are used to it, while some of us also like to use bitcoins because its much comfortable and easy to use.

[20kevin20]

yes,this is one of the reason and bitcoin cost is very high, so we have problems with cost.some shops may not accept the bitcoins because they may do not know the bitcoin exactly.bitcoin price always changes also.

If Bitcoin would become the world currency, people would know how to use it and what it is and the price wouldn't change this easy anymore. We're just a few millions owning Bitcoin and out of all the users I bet not even 20% play with the markets or use it every day. This makes the price easy to manipulate. Everything would change if Bitcoin would become the world currency..

[Bitcoin_trader2016]

I was thinking also like that bitcoin cannot become a one currency around the world because of its unstable price in the market for now but the one this for sure if there is no fiat money outside around the world its country will make a coins for a local currency and bitcoin is a international currency you can trade btc anytime and buy a local coins so you can use in that country

[SvenBomvolen]

I suppose that you ment "fiat" under the word "currency". But if bitcoin is going to be valide over the world and fiat, as we know it today, will go in past it is going to be no matter what is the price for bitcoin in USD or EUR, cause you get salary in bitcoin, pay in bitcoin and pay taxes also in bitcoin. Am I wrong?
It is hard today to imagine fiat replaced by bitcoin, cause we all used to count how many dollars one bitcoin is and so on. But if fiat will go on side it is going to be not important really.

[Prodigan786]

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 . Because normal trading you cannot buy stock exchange of another sock . It is the beauty of bitcoin it can be treated as money as well as stock .