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

[Cosbycoin]

Price being unstable is not at all an issue with bitcoin. Real users were much attracted towards it just because of the volatility. Bitcoin will be used longer and keep growing reach a larger market around the globe. Same will not help with the bitcoin going mainstream.

It’s a reality that the past statistics of the bitcoins have proved that it provides volatility to its users causing them to trust this asset.

Moreover bitcoins have caught up with the international market standards and its price would rise up .bitcoin users could be declared lucky in this regard that their numbers of users are increasing on daily basis and the end result is that it has become the most expensive digital currency.

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[jorneyflair]

Price being unstable is not at all an issue with bitcoin. Real users were much attracted towards it just because of the volatility. Bitcoin will be used longer and keep growing reach a larger market around the globe. Same will not help with the bitcoin going mainstream.

This is pretty true since the majority of Bitcoin users don't use bitcoin since it is stable, but instead since it provides a new a form of spending money and since it is also decentralised, which causes this to happen.

Bitcoins will eventually become more and more stable as the community grows since the price won't be influenced by one's actions. For example someone sold around 18 Bitcoins at 3,500 and the price dropped 100 USD.

[Ewinsane]

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

Op so many factors are responsible for the volatility of Bitcoin price when compared with fait currency. Numbers of Bitcoin users are very little when compared to fait currency. Bitcoin came into existence bearly a decade as compared to fait currency that has been in existence for time immemorial. Institutions and government would not allow bitcoin to replace fait currency for reasons best known to them. I believe bitcoin and fait currency can be existence simultaneously.

Why are people so obsessed about Bitcoins replacing other currencies? The point is nobody knows the future. Who knows what will happen if Bitcoins become legal in all countries of the world because it is not impossible, may be late.

Bitcoin has already taken the place of fiat currency in many parts of some countries because of the easiness it provides to its users and due to advancement in technology and awareness, it will soon rule over the world and if not so, Bitcoins cannot be eradicated from the face of Earth for sure.

[Gameroid]

Price being unstable is not at all an issue with bitcoin. Real users were much attracted towards it just because of the volatility. Bitcoin will be used longer and keep growing reach a larger market around the globe. Same will not help with the bitcoin going mainstream.

This is pretty true since the majority of Bitcoin users don't use bitcoin since it is stable, but instead since it provides a new a form of spending money and since it is also decentralised, which causes this to happen.

Bitcoins will eventually become more and more stable as the community grows since the price won't be influenced by one's actions. For example someone sold around 18 Bitcoins at 3,500 and the price dropped 100 USD.

i think people are making money from bicoin because its price is not stable, people are investing money in bitcoin because they think that bitcoin price will increase and hope that it will continue giving them profit. in fact bitcoin price can only become stable when all the peole of the world become legal and when all the people of the woro

[marcbitcoins]

Price being unstable is not at all an issue with bitcoin. Real users were much attracted towards it just because of the volatility. Bitcoin will be used longer and keep growing reach a larger market around the globe. Same will not help with the bitcoin going mainstream.

This is pretty true since the majority of Bitcoin users don't use bitcoin since it is stable, but instead since it provides a new a form of spending money and since it is also decentralised, which causes this to happen.

Bitcoins will eventually become more and more stable as the community grows since the price won't be influenced by one's actions. For example someone sold around 18 Bitcoins at 3,500 and the price dropped 100 USD.

Bitcoin can't replace world curriencies because not all the people are using bitcoin especially the poor. In the 3rd world countries most of the people are illiterate of using the computer and other digital programs it would be a difficult already but maybe if the govertment of that country will replace their money to use bitcoin in any form of transactions then it may be possible

[jamids]

Because bitcoin is ideal as an investment than a currency for day to day transactions nowadays because of the high transaction fees. If you use it for day to day transaction and buy some item of small value, the transaction fee is high that it would be better to pay it with fiat instead of bitcoin because of that reason. There are still so many people in the world who doesn't know about the existence of crypto currencies so it would be hard to use it as a currency when they don't even know about it and it would be hard for those people to access it if they don't have an internet and worse is some don't even have an electricity so it would not be possible for them to use it.

[8Habits]

Because bitcoin is ideal as an investment than a currency for day to day transactions nowadays because of the high transaction fees. If you use it for day to day transaction and buy some item of small value, the transaction fee is high that it would be better to pay it with fiat instead of bitcoin because of that reason. There are still so many people in the world who doesn't know about the existence of crypto currencies so it would be hard to use it as a currency when they don't even know about it and it would be hard for those people to access it if they don't have an internet and worse is some don't even have an electricity so it would not be possible for them to use it.

Make sense about the transaction fee. Therefore we should only use bitcoin for potential investment and grow of our coins and not on just any ordinary and small purchases of any goods or services online and better use fiat for the latter.

[Stripple]

Bitcoin has already taken the place of fiat currency in many parts of some countries because of the easiness it provides to its users and due to advancement in technology and awareness, it will soon rule over the world and if not so, Bitcoins cannot be eradicated from the face of Earth for sure.

Is that really the case? Where? I can imagine that bitcoin is more stable than some fiat currencies, but actual replacement?

[betMaster]

Even if it were stable no government would accept to use a cryptocurrency as it's main currency .
No establishment or government will be okay with not knowing from where it's money is coming from or going through , plus the instability of it's value .
Even though it is phasing a huge bump these days , a correction is a must , so people's lives will be like Wallstreet movies ! going from poor to rich or vice-versa in no time .

[ivanst776]

Because bitcoin is ideal as an investment than a currency for day to day transactions nowadays because of the high transaction fees. If you use it for day to day transaction and buy some item of small value, the transaction fee is high that it would be better to pay it with fiat instead of bitcoin because of that reason. There are still so many people in the world who doesn't know about the existence of crypto currencies so it would be hard to use it as a currency when they don't even know about it and it would be hard for those people to access it if they don't have an internet and worse is some don't even have an electricity so it would not be possible for them to use it.

Make sense about the transaction fee. Therefore we should only use bitcoin for potential investment and grow of our coins and not on just any ordinary and small purchases of any goods or services online and better use fiat for the latter.

Bitcoins were invented for big transactions but with the passage of time it has gain a lot of fame and users. At the present moment, the transactions fee is high so it’s not wise to use it in everyday tasks. This problem will be fixed out one day when bitcoins will be accepted by many countries. We can only be patient and need to stay positive. It’s best for now to concentrate on increasing the coins while accomplishing little purchases with fiat.

[robelneo]

Honestly, I agree with your opinion we still need fiat or local currency because not all the places int he world has an internet connection and not everyone has their own computer or cellphone, especially those living in the third country but they can co exist and it will be beneficial to both  party.

[tondiego]

BTC sure can replace any currency, or be equal say the least. Of course not now as we're still on the very beginning of the show. As the adoption continues, the value of BTC will rise along (with some partial jumps up and down) and we're NOT talking in units of $ as it is right now, but hundreds, thousands, ten thousands, hundred thousands of $.

BTC is deflationary currency. A lot of people is still not getting this right and don't understand what deflationary currency means. With wider adoption the value of BTC will be stabilized for sure. It's really hard to predict now, but it would be something around $ 5,000,000..10,000,000 per BTC, when it comes. It might look like beautiful fantasy to some of you, but it's just simple math, when conditions are met.

[loopes]

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 hope a stable price  currency bitcoin is not your best choice.  absolutely right that bitcoin is a currency but it's can not compared with tangible because bitcoin work as crypto. so it will hards to bitcoin replace currency in the world.
better we treat bitcoin as like investment, Bitcoin will give us more benefits when we use it for investment purposes.
from its fluctuations we can do trading to growing up our money.

[Yaramrd]

Bitcoin is improving and at current stage it is very young and with the passage of time it will become more and more stable. It will take time but in future Bitcoins will compete  the currency and people will prefer to use Bitcoins.

[btcprospecter]

The problem is that until bitcoin stabilises it will be hard to use it as a proper currency. People won't want to spend bitcoin if there is a chance it is going to dramatically increase in a 24 hour period however with that also comes the chance of a massive crash. Investment wise it is the new hot product.

[samuraijin]

Indeed bitcoin can not replace the world currency because the price is unstable then it can not be accepted by the state in government and the value of the currency they usually use anonymously does not go down so big and different from bitcoin but if I think bitcoin Is a global currency that can society As the side they use as a reference for the future. And bitcoins are still many stages that will be used in the long run if bitcoin is final as the official currency. Impossible or not and we wait for the development of bitcoin in the next few years

[batt01]

Bitcoin is still very very young and of course it won't be replacing fiat anytime soon. But who know what will happen in the long run when the price stabilizes? Who know what will happen in a decade? Bitcoin will gain momentum and, very possibly, most people will be using it somehow.

Of course, not everything is as straightforward as that. Bitcoin is not tangible. This is the main factor why it will not be able to fully replace fiat money, whatever happens.

[dynospytan]

Bitcoin is improving and at current stage it is very young and with the passage of time it will become more and more stable. It will take time but in future Bitcoins will compete  the currency and people will prefer to use Bitcoins.

Yes as of now bitcoin cannot replace the world's currency because of its value is either going up or going down. We also cannot conclude that it will replace anything in the future because we never know what may happen especially with all these other cryptocurrencies.

[Pacanier]

For now its price is not stable, but as more and more money will accumulate on order books, the price will become more and more stable.

[sheldonnnn]

I think that this is only one of many reasons. Many countries refuse to recognize bitcoin as legal currency but a number of official reasons much bigger.