joebrook
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March 20, 2018, 10:59:21 PM |
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Maybe in the future bitcoin is a regular daily currency but on this time it is just an online digital currency and used only by bitcoin holders, because not all people are know and using this, they are only using fiat for their daily expenses.
When most retailers or sellers starts to accept bitcoins as a means of payment around the world then I do believe that bitcoin can be used daily for purchases and transactions.
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yj300316
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The P2P Marketplace For Digital Content
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March 21, 2018, 01:28:52 AM |
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Bitcoin transactions are way slower than other cryptos and fees are high, and when you pay with bitcoin you pay with only fractions of it, so do you think it is possible for bitcoin to become a daily currency? Something you can use to pay for coffee? If no, then what cryptocurrency have this potential?
If bitcoin cannot reduce the transfer fee, bitcoin will not be used for daily currency i think. Peoples want to use bitcoin because they want to avoid fiat fee such as transfer fee in bank. if bitcoin fee not reduced, peoples won't use bitcoin for payment.
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Sadlife
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March 21, 2018, 01:37:28 AM |
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I think all will change if lightning network gets implemented were it said in it's proof of concept that they will remove unnecessary data in a block and move it seperately from a different on chain network so the transaction could be faster and had less fees. I think it's getting implemented as of now yesterday my transaction fee just is 700 sats for 0.005 of btc.
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deppil
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March 21, 2018, 04:38:31 AM |
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Maybe in the future bitcoin is a regular daily currency but on this time it is just an online digital currency and used only by bitcoin holders, because not all people are know and using this, they are only using fiat for their daily expenses.
In the future maybe bitcoin can be used for daily currency with note bitcoin could legalized by the government so bitcoin can be accepted in various places in the world as a legitimate payment method, for now most people still use fiat for spending although in some places bitcoin has been accepted, but you know that expensive fees are still a problem and because it is easier to use fiat than bitcoin
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Gladz29
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March 21, 2018, 04:52:18 AM |
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Bitcoin transactions are way slower than other cryptos and fees are high, and when you pay with bitcoin you pay with only fractions of it, so do you think it is possible for bitcoin to become a daily currency? Something you can use to pay for coffee? If no, then what cryptocurrency have this potential?
If one government will allow their people to used bitcoin as daily currency maybe the community will be progressive. Because all the people are focusing how to earn a lot of money instead to be lazy. Atleast in one community their are possible that all of their people earning money because of bitcoin in legal way.
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Tasya04
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March 21, 2018, 05:10:48 AM |
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difficult only in certain countries. for example japan, russia.
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shezu007
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March 21, 2018, 05:19:23 AM |
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Bitcoin will have the capacity to wind up a computerized cash for day by day buys of little esteem, on the off chance that it effectively executed a system of lightning or ghost. At that point it is normal that installment in bitcoin will be made right away and with the smallest exchanges, which are actually a few many satoshi. Be that as it may, the lightning system is as yet being tried and when this venture can be actualized in bitcoin, it isn't known.
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Snaic
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March 21, 2018, 05:40:46 AM |
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In order that bitcoin could become a means of payment for making daily purchases, a number of conditions are needed. First of all. bitcoin should have all the functionality for this, that is, have a high transaction rate that would allow you to instantly transfer certain small and large amounts, and have very low transaction fees. This bitcoin does not yet have. Bitcoin must have the development of an infrastructure for servicing, that is, it should be possible to directly pay directly at any retail outlet and service sector. This is also not yet available. Well, there should be a clear legal basis for the passage of bitcoin in each country as a means of payment. This issue is also far from normal use. Proceeding from this, there is still no possibility to use bitcoin for daily purchases.
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shadowdio
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Zawardo
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March 21, 2018, 06:26:04 AM |
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I think it's not good to use bitcoin for daily purchase, you know transaction fee is high so better to look another cryptocurrency that low transaction fee maybe dogecoin is good choice.
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MMS2017
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March 21, 2018, 06:41:29 AM |
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Yes we know that now the bitcoin is the regular using currency and the usage is on daily basis and for the people of the different countries it is good to do bitcoin useful for many people and the trading of this currency is very profitable and for us bitcoin is the most useful way to make online investment and through online wallet we can use this currency.
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BeGoods
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March 21, 2018, 06:43:02 AM |
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Bitcoin transactions are way slower than other cryptos and fees are high, and when you pay with bitcoin you pay with only fractions of it, so do you think it is possible for bitcoin to become a daily currency? Something you can use to pay for coffee? If no, then what cryptocurrency have this potential?
Bitcoin will be only our daily currency if governments will allow it but so far today there are already different online stores which are allowing people to use their own cryptocurrency in order to purchase any products or goods you are interested. I think the problem is not only from the government because even though the government legalizes bitcoin and bitcoin are accepted anywhere but other problems are still a bad thing, that is too expensive fee? imagine for once transaction you should need $3? if you use it for daily transactions of course you will bankrut because the fee is very high. I think need a technology or payment application, to send bitcoin (money) to fellow users app without fee.
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ChConcept
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The Experience Layer of the Decentralized Internet
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March 21, 2018, 06:57:38 AM |
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Personally I don't think so, it is very unlikely to happen because for me Bitcoin is just for the digital world and let us all remember not all people are inclined or even aware how to use this digital currency especially in a third world country like ours, we still have a lot of people who are not into digital currency. Plus the fact that the government will never allow that Bitcoin would be a daily currency because of its decentralized nature. Bitcoin can co exist with fiat but never replace it.
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╔═◼ CARDSTACK ◼═╗ The Experience Layer of the Decentralized Internet (https://cardstack.com/)
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Marry Finch
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March 22, 2018, 10:15:47 AM |
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It is still too early to call the digital crypto currency currency, money. Although bitcoin and other crypto currencies are already being used for commercial transactions, they are still far from being money: money is an accepted medium of exchange. However, from the point of view of the theory of monetary circulation, there is no basis for asserting that bitcoin and other crypto-currencies can not rise to the level of money as a generally accepted means of exchange.
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Jessicamass
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March 22, 2018, 10:21:21 AM |
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Essentially i think.. bitcoin will become a daily currency if the governments has supports it.
And i think it would be more appropriate if bitcoin is more used or will be highlighted for more used in transactions in everyday life than other cryptos such as ethereum.
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bololord
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March 22, 2018, 10:22:56 AM |
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Bitcoin transactions are way slower than other cryptos and fees are high, and when you pay with bitcoin you pay with only fractions of it, so do you think it is possible for bitcoin to become a daily currency? Something you can use to pay for coffee? If no, then what cryptocurrency have this potential?
i dont think if bitcoin will become our currency but i think this crypto or bitcoin will helps to opur currency to improve and to become more value and this crypto is the one main reason to print more money to use by people i hope that someday bitcoin cryptocurrency will become our future currency because tit helps a lot of people like me and othrers
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Kayla noil
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March 22, 2018, 10:24:35 AM |
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I do not think that the high fees or the transaction times will be the problem. From all I know the lightning network is capable to solve those problems. If you want bitcoin to become a currency for daily use it would need to become stable at first.
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leavolnhals
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March 22, 2018, 10:28:25 AM |
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That will not happen. Although its value is very high, it still can not meet the needs of cash. Bitcoin is simply an electronic money and we can not expect too much of it. I think it should only be used to trade large amounts of money and to pay for services is the most reasonable. That's my thinking and I think cash is better than bitcoin.
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soza_01
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March 22, 2018, 10:30:16 AM |
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If you want bitcoin to become a currency for daily use it would need to become stable at first. When people have to pay highly different bitcoin amounts within a small period of time in order to get the same good, I am sure that not many people will do that.
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joykulot
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March 22, 2018, 10:31:44 AM |
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Yes bitcoin has a potential to become our daily currency, specially to those who use and hold bitcoin. I wish it happen and our government support it.
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Taylorsc
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March 22, 2018, 10:32:25 AM |
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Bitcoin doesn’t need to be an everyday currency, but rather serve as the store of value in the representative form of digital gold. If that is the case, then higher transaction fees and long confirmation times reduce the incentive for participants to move money, leading to more hodling, theoretically reducing the supply and increasing the price.
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