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

[azguard]

Bitcoin is definitely something but its not stable. Price variate every hours and this is why cannot be used to be something to replace current monetary system. Maybe in some time we will see something new that will change everything some new blockchain or some coin that will be with set price and that will be used everywhere as replacement. This is something that will probably happen.

[1714634908]

1714634908

[1714634908]

1714634908

[1714634908]

1714634908

[1714634908]

1714634908

[1714634908]

1714634908

[Tanu10]

Bitcoin is a long way form becoing a curency you can live life in. And Because bitcoin is in a very young stage.

[ondabeat]

I am really confused why people think that bitcoin can be an agreed currency, bitcoin is still in the beginner stage while we all know since then. Although bitcoin is very easy to change, but I think it can be considered one of the advantages, we only use both of them in our daily life.

[mickeybuddy27]

Bitcoin is definitely far from being a widely used currency but I do think it is the a step in the right direction.  It would be great if it could be used as currency sooner rather than later.

Bitcoin cannot be controlled by anyone especially by government. It is created being decentralized and can be used in every transaction having an internet access. It cannot be process without internet and the value is not stable. I do not think that government will allow that to happen because there are some happening in other country that cause to ban the currency because of using it in illegal purposes.

[Damsel_7]

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

Bitcoin cannot be a currency but a good channel for exchange. It has a lot of features yet to be polished like scability issue, volatile in nature, unpredictable. So bitcoin cannot still be money because not people can understand it and its usage especially those who are not technology experts.

[echo11]

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.

[thermomine]

I never liked Bitcoin in general or even considered its valuation as anything but the FOMO affect until coinbase came around and learned I could invest in these miners, not require a whole network overhaul and convert electricity into $ that yielded an ROI that even with the risk factors in this industry seemed to good to pass up.  I'm a miner because the United States mint doesnt sell currency printers to the public that I can crunch the numbers and figure out if the investment makes sense.  I've been lurking these forums since October when I got into this game so wanted to coin in on this topic for my first post.
a
Bitcoin can be considered somewhat as a commodity that is easily transferable.  If you could store a barrel of oil in your pocket and BUY>SELL that oil instantly through your smart phone, stores would probably accept barrels of oil as payment based on Spot>USD conversion.  Price stability will eventually come  but the factor I believe is holding back univeral acceptance and acknowledgement of BTC within society is the fact these are being referred as CRYPTO currencies.  I said I didnt like Bitcoin as a concept and this is the reason why...there is no reason why anybody would want or need to use a crypto-currency over a credit card unless they were doing something they wanted to never be traced to them and that concern means the transfer will most likely involve activity that is questionably illegal.  Why can't these be called Digital currencies?  If you google definition of digital currency, the definition is reserved for USD and other paper or traditional national currencies that are being transferred and represented digitally.  However, I believe this is not an accurate definition as just because the vector is digital, does not make the actual currency digital.  Bitcoin not only lives strictly in the digital space, it was born there...it wouldnt even exist in an analog world.  If you want stability, stop calling it "Crypto" (which it really isn't anyways seeing recent Dark Market busts have been trailing Blockchain data) and start calling it for what is truly is: Digital.

[think3214]

If bitcoin replaces cash in the future, perhaps countries will set a fixed price for bitcoin. As today, bitcoin prices fluctuate daily, weekly. It will not be able to put bitcoin into payment, transaction, purchase goods everyday. Your thinking is completely correct. In order to replace the compulsory cash, countries must offer many good and convenient applications to serve consumers. and have to offer more benefits from bitcoin.

[Bestfriendko]

"Bitcoin is not a currency. It's just too volatile for that", says investor Kevin O'Leary. The fact is, it is so unstable — volatility is both directions, it's up and it's down — that nobody in a substantive transaction will take that risk. "Bitcoin is more of an asset. It is one of the most successful assets on the planet right now because it's a global speculation", he added. We'll just have to take the words of a well known investor.

[semarmesem195]

OP, your argument is only scratching the surface. Bitcoin cannot replace fiat simply because banks will never ever give up their control over the monetary system. They will move mountains and use everything in their power to prevent Bitcoin from gaining critical mass.

Yes, i agree with you. Someone who thinks bitcoin can be a currency / fiat because they are obsessed with bitcoin itself. Bitcoin provides ease of transaction, increasing prices etc.
Maybe people think that with bitcoin being the world's currency then the economy for bitcoin users will get better. But they forget that with us investing in bitcoin alone we can become rich and all-round enough for everyday.

[newb-dev]

It will take few years until bitcoin would be able to replace currency in the world. Internet will develop first and everybody will have internet access

[freightjoe]

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

Also the high fees makes it useless as a currency

[DesignerMissy]

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 do agree that, for the time being, you definitely can't live solely on bitcoin. At some point, when it's more stable, certainly. That's why, while I work on a (camgirl) site that takes bitcoin (bitcoingirls.live), it's only an option, not the sole one. It is certainly valuable but, for now, having both bitcoin and actual money is way better.

[sapnu]

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 do agree that, for the time being, you definitely can't live solely on bitcoin. At some point, when it's more stable, certainly. That's why, while I work on a (camgirl) site that takes bitcoin (bitcoingirls.live), it's only an option, not the sole one. It is certainly valuable but, for now, having both bitcoin and actual money is way better.

That is really the one disadvantage of bitcoin having the big amount then still the price is not stable. Stability of one's currency is important because this makes the buyer or investor to really trust that particular currency. Although bitcoin has disadvantage it has very good and great advantage for many users and i can say that it is very helpful to many users prefering this kind of sideline. Bitcoin is profitable.

[Pamela Jobelle]

. If there's something which cost you $1 in fiat currency the same thing would cost you more than $1 because you have to add network fee so obviously you will choose to pay with dollar instead of bitcoin so it's not just instability in the prices of bitcoin which stops it from becoming a worldwide currency but the other factors like transaction fee etc also is a hurdle in bitcoins becoming worldwide currency.

[burnchan]

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

Indeed Bitcoin is way too long to be a currency because of its stability issue. This is because it is still young in the market as compared with the fiat we are using. Also, Bitcoin is still growing and it doesn't have a stable cashflow as compared with fiat which is widely used and controlled by the government. If the communty will slowly adopting bitcoin's system, then it will become stable and perhaps become a curency.

[nonsonote]

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

Right, it can't be a like fiat currency because a fiat currency has a store of value (something that mantains it's value). I'm not saying that fiat currency, for example dollars, doesn't change value but atleast when it changes value it's not a big percentage. While when it comes to bitcoin, it's value changes in a short time and the difference is really big. So it would be hard to use it as a currency/money. 

[bad_apple]

I think there should be no issue with regards to that replacing of currencies because as of now, bitcoin is a bit shaky, yes it is, but as we can see it is just a matter of adjustment whether people should accept it or not. Many people are easily influenced by another so there is what we call variance where it varies (the price) directly proportional to those who invest and also to those who criticize and those who support.  For me, there are still a lot of opportunities that cryptocurrency can achieve, therefore we must first focus on the main problem and just be wise on any decisions we make.

[Cloak1]

Bitcoin is extremely unstable. To the extent that you have no way of being able to buy the same thing with the same amount of bitcoin day to day. That is why bitcoin is not yet a form of currency. It is still a form of asset and will be for quite some time to come.

[baby222]

I think in time bitcoin will stabilize and it could replace the currency in the world. A stable bitcoin will replace also gold