Can Bitcoin become a daily currency?

[aencarnaci]

Bitcoins can not become common currency, many countries have banned and not accepted bitcoin so it can not become a common currency but the value of it is still increasing.

There will come a day when bitcoin will takeover as a daily currency, and it has to be remain currency because if it becomes an asset then ultimately it is going to loose the worth. The assets are kept by the rich elite class of the world just to show off and bitcoin cannot be shown like gold, diamond, properties and other assets. Furthermore, the people who are not believing it they might not have seen how easily bitcoin is making its way.

[1C6fV5DtakfKANLJ8GUV7hCaA]

It's highly unlikely that Bitcoin will be a daily currency right now, sir. We all experience slow confirmation times and fees are consuming much of our balances. Most people are also thinking of Bitcoin as a vehicle of investment instead of a currency. So the answer in this situation is no.

[aisyah88]

It could be done but the problem is whether in the country have legalized bitcoin as daily payment, if indeed we can also know that the shipping cost is very small, but some are still need a very expensive cost ..

[Gudhal Untu]

Unfortunately I'm still having trouble using bitcoin directly, this is because bitcoin users in my country are still very small and not many merchants, restaurants, that receive bitcoin directly.

[maximkretov]

If to answer this question from the standpoint of today's trends, the answer is unequivocal – can not. But bitcoin has its fans who will not slow down to be outraged by such uncompromising skepticism. Besides, short answers are always introduced into a stupor, and the conversation I want to continue. The only one that needed clarification, another proof, someone hope – and suddenly there's a chance? They really want to get your hopes up – of course there is!

[FrancePG]

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?

At the moment, bitcoin is the only coin that has the potential to become a means of payment. Of course now it has many disadvantages that we know, but when the problems with these disadvantages will be solved for coffee and other things we will be able to pay in bitcoins.

[dzhan]

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?

It is hard to use Bitcoin as a daily currency like using fiat currencies, for paying for coffee and so on, because it have high fee and also slow transactions. Sometimes you need waiting several hours or days until you get the first confirmation, and this feature is not going to help making fast daily deals. But it is still available to paying the bills online mainly.

[Zicadis]

if the blockchain is creating a revolutionary way of using money and cryptocurrencies like bitcoin remain popular then of course btc will be used as a daily currency and what we need now is improved transaction speeds to make sure we achieve this, hopefully through LN.

[noormcs5]

Its hard to become daily currency specially for bitcoin since its non acceptable in community. Mostly people exchange it with their fiat. I search a lot of places where bitcoin can be accepted but people refused to accepting it. I heard japan is the place where people use bitcoin and government supporting it. So to make it daily currency we have to move Japan, its just my thought .

[cokkapaga]

Its hard to become daily currency specially for bitcoin since its non acceptable in community. Mostly people exchange it with their fiat. I search a lot of places where bitcoin can be accepted but people refused to accepting it. I heard japan is the place where people use bitcoin and government supporting it. So to make it daily currency we have to move Japan, its just my thought .

I think so, bitcoin is it too hard to become a daily currency in the world.
bitcoin in japan is legal, we can use btc for the payment there. but not all countries support btc for the payment like in japan.

[Techie5879]

Yes, definitely, due to the implementation of the lightning network, bitcoin transactions have become much faster, and almost no fees. And fees would only affect you too much if you were transacting very small amounts of money, which is not much likely nowadays. Bitcoin has the potential to become a daily world currency, due to its speed, ease of use, and most importantly, its loyal community, which is basically the backbone that holds a crypto together.

[Roxyy]

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 holdling, theoretically reducing the supply and increasing the price. Other currencies can then serve as the decentralized payment method.

[gabmen]

Its hard to become daily currency specially for bitcoin since its non acceptable in community. Mostly people exchange it with their fiat. I search a lot of places where bitcoin can be accepted but people refused to accepting it. I heard japan is the place where people use bitcoin and government supporting it. So to make it daily currency we have to move Japan, its just my thought .

I think so, bitcoin is it too hard to become a daily currency in the world.
bitcoin in japan is legal, we can use btc for the payment there. but not all countries support btc for the payment like in japan.

Well i think what's keeping btc from being considered as a currency is it's volatility more than it's acceptance. You can't have a currency that changes value that quickly since it's going to be very unstable.

[NABILA AKTER SHILA]

I think Bitcoin becomes a daily currency. Because Bitcoin is high in fees and it's long confirmation time and market demand more.
Gradually it is getting legitimized nationwide and popularity and rising.
It is a valuable digital cryptocurrency which is easily transferable. Bitcoin has cleared the human need. The rate at which humans are using it seems to be a daily coin.

[Rustamm]

If problems with the slowness of transactions and the high cost of commission fees will be solved, bitcoin may well become a crypto currency for everyday purchases. Although a few months ago this was a very big problem for bitcoin, recently the situation has improved a lot. Transaction fees have become small and this is already noted by many. If bitcoin will improve in this direction, it is quite possible.

[wilsonwilly1]

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.