A cryptocurrency with volatility can't be used as money

[queenlaurel]

Fiat also increases and decreases, it's susceptible to change too. It does not matter if Bitcoin is volatile, if It wants to be used as a means of transactions why not, does not generally means the price of why you are buying will decrease too.

[automaticmoney]

cryptocurrency can be used for asset rather than money but most of the merchants are accepting due to merchants acceptance bitcoin is used as money

[BlackBeauty]

cryptocurrency can be used for asset rather than money but most of the merchants are accepting due to merchants acceptance bitcoin is used as money

We can used bitcoin as money because bitcoin is also a currency and its mean that we can buy anything, so its not mean that if we buy anything in bitcon and if the price of bitcoin is down so the value of this thing is also going to down, it will a thing not a currency but if currency price will down so it will again high and that is why more profitable

[poplolnman]

if the volatility is too high then its not suitable to be used as currency, imagine one apple cost 1 BTC today the next day it can caused 0.8 BTC and the next day it cost 1.1 BTC,

This is a classic matter , you can actually get a lot of benefit besides using it as a currency ... you could always hold it for investment so in case the price of Bitcoin itself increase your buying power increased too. But then it doesn't matter actually if you use it for one time transaction... I mean when you bought stuff for 0.01 equals to $100 then you pay it exactly 0.01 Bitcoin , where's the problem ? No? You would only wondering in the future the price of Bitcoin has gone drop / up , just between regret it or grateful, nothing wrong here actually.

[makolz26]

cryptocurrency can be used for asset rather than money but most of the merchants are accepting due to merchants acceptance bitcoin is used as money

We can actually use cryptocurrency whatever we want, but one of its true vision is that to use it as a way of transaction in buying and selling, remitting money, and of course investing it, it is up to us how we are going to make it but of course since we want the market to grow so we are using it by simply holding so it will grow more.

[Ljanesanti]

cryptocurrency can be used for asset rather than money but most of the merchants are accepting due to merchants acceptance bitcoin is used as money

We can actually use cryptocurrency whatever we want, but one of its true vision is that to use it as a way of transaction in buying and selling, remitting money, and of course investing it, it is up to us how we are going to make it but of course since we want the market to grow so we are using it by simply holding so it will grow more.

We cannuse crypto as money. Yet I believe and I am with you it is not ideal to use at money. The volatility can only be used as an investment benefits and advantage.

Maybe if someone could copy bitcoin and make it less volatile then it can be use already as one.
That will need a lot more work.

[fitty]

cryptocurrency can be used for asset rather than money but most of the merchants are accepting due to merchants acceptance bitcoin is used as money

We can actually use cryptocurrency whatever we want, but one of its true vision is that to use it as a way of transaction in buying and selling, remitting money, and of course investing it, it is up to us how we are going to make it but of course since we want the market to grow so we are using it by simply holding so it will grow more.

We cannuse crypto as money. Yet I believe and I am with you it is not ideal to use at money. The volatility can only be used as an investment benefits and advantage.

Maybe if someone could copy bitcoin and make it less volatile then it can be use already as one.
That will need a lot more work.

Don't you even think that there are already copies of bitcoin from this endless bitcoin forks? But non of them was made to make bitcoin less volatile. Its all about money and if we think that this volatile market is the problem in using it as a medium of exchange to buy some stuffs and food i think bitcoin will not going to exist this as farther.

[mornabo]

For a crypto to be a mainstream currency, it should be stable and not volatile. A stable currency is required for a strong financial market. Price stability contributes to achieving high levels of economic activity and employment by improving the transparency of the price mechanism.
Volatile cryptos, in my opinion are more good investment assets rather than currency as they give you good chances for profit gains in short period of time.

Many people say that the price should be stable to become a currency because, fluctuations are not suitable for currency, but I dont think so, there is a system where when you receive bitcoin, then it can also be converted directly to fiat according to the existing rate, and it will avoid fluctuations for payment

[ToyotaFortuner]

it seems unlikely that the bitcoin price should be stable if the bitcoin price is not stable it will be difficult to use or used for the currency, because if the price is not stable it will be many who will get the loss.

[Mhd-Bobbi]

in fact I'm not too familiar with your question, man! we all know that the bitcoin value is designed to fluctuate, if you buy goods with bitcoin and at any time the bitcoin price goes down, the goods purchased with the bitcoin will not go down. simple, the price of the goods or the fiat does not depend on the bitcoin price itself.

Yes. You are right. it will not be possible with bitcoin prices going down and the items they want to buy with bitcoin will also go down. it will not be possible. if they order the goods of course the price in accordance with the price of goods they have set. I do not think it has anything to do with bitcoin from the price of the goods.

[crazyavdik]

the volatility is another different and attractive feature of crypto currencies, because it is making this digital currencies a lot differnet than fiat currencies, and it is also encouraging many new comers.

[FalconB]

You are absolutely right . While there will be more volatility of the crypto currency, it will not be recognized in the world. But in 2018 they plan to pass laws on the control of the Crypto-currency, which will reduce the volatility.

[leostrong.mo]

The basic characteristic of currency is the value scale. The continuous fluctuation of cryptocurrency cannot be used as a value measure!
With cryptocurrencies fluctuating, you cannot use Bitcoin to pay employees. The cryptocurrency volatility also hinders the development of blockchain-based derivatives!

[superstarbtc]

cryptocurrency is more or less  an asset rather than a money we can expect more public acceptance to be called as currency as of now it is store of asset

[stimliall]

The main feature of currency is the value scale! The cryptocurrency cannot be used as a currency due to its great volatility!
The high volatility of cryptocurrencies may affect the country’s financial stability。

[Bakemat]

I'm just reading an article in the newspaper. Klaus W. Wellershoff (a last chief in UBS Bank) says that's impossible to use a currency with volatility as money. If the value of the money decrease, that means the value of the merchandise decrease. For example : if you buy a flat with bitcoin and few years later the bitcoin value decrease... Your flat lose his value as well.

What do you think about this argument?

Cryptocurrency is volatile and that is the reason why it was very profitable, other countries will not accept cryptocurrency because their own economy might die if people will focus on investing in bitcoins.

Companies that has merchandise or products like amazon does not have a problem on cryptocurrency because they know that the price of the coin can still grow up and they will earn more profit more than the current price of the item that has been purchased.

[hsyncl]

Absolutely unavailable. At first, everyone thought of it as a shopping tool, but now it is indeed a highly variable tool that can only be used for investment purposes. Otherwise, both sides will not want to hurt.

[JRoa]

I'm just reading an article in the newspaper. Klaus W. Wellershoff (a last chief in UBS Bank) says that's impossible to use a currency with volatility as money. If the value of the money decrease, that means the value of the merchandise decrease. For example : if you buy a flat with bitcoin and few years later the bitcoin value decrease... Your flat lose his value as well.

What do you think about this argument?

You're wrong, bitcoin is too volatile but it can be used as money. All of the cryptocurrencies are too volatile and I can say that it can use for payments. Observe the people nowadays, they keep buying and using bitcoins even though it is too volatile.

[teleskopta]

Bitcoin is a market for investment, but some people still accept bitcoin payments because of its convenience. And these people are looking out for the development of bitcoin so they take the risk to make a high profit.

[Ewinsane]

I'm just reading an article in the newspaper. Klaus W. Wellershoff (a last chief in UBS Bank) says that's impossible to use a currency with volatility as money. If the value of the money decrease, that means the value of the merchandise decrease. For example : if you buy a flat with bitcoin and few years later the bitcoin value decrease... Your flat lose his value as well.

What do you think about this argument?

So do you think that there is any currency without volatility? Even dollar and the likes of it are volatile. You can compare your country’s currency with dollar for maybe a week and you will see that it will not always maintain the same price at all times.

So everything is volatile, but the problem with cryptocurrencies is that they are highly volatile, and not just that, they also don’t have what it takes to be the real currency we can be making use of.