A cryptocurrency with volatility can't be used as money

[Nnedaddy1]

I agree completely.

For cryptocurrency to be used as money, it must be stable . It is the stability that will make it function as money easily.

[1715407289]

1715407289

[1715407289]

1715407289

[Robbio]

Volatility is only temporary, the cryptocurrency has only just appeared for ten years, and it takes another ten years to stabilize. It is unstable now and there are many investors. You don't have to worry about cryptocurrencies becoming expensive coins.

[visionE2]

I think this is no different from fiat money, even when compared to bitcoin, the depreciation of fiat seems to be worse than bitcoin from the past to the present

[GreenRydia]

I get your point that a currency with volatility is not suitable as a currency for our daily needs. Yes it doesn't affect the price of the item you bought when the Bitcoin price goes down but then the profitability of the items will decrease since the merchants are also using Bitcoin to buy the things they sell.

[XiXiMios]

Crypto currency with its high volatility can be used as money, but not as basic, but along with the circulation of ordinary national money of the state. Parallel circulation of the crypto currency can not cause damage to the country's economy by its volatility, since the planning of the economy, the price of goods and services will be indicated in the national currency.

[Phophobobooo]

If there is some part of the world who wants to use the crypto currencies instead of the paper money in their daily usage, then they will plan the things accordingly. I am in very much favor of this thing that such things can happen and that they should happen to make this world much better place and economically stronger.

[shulc7]

The crypto is the currency but not the money. The author is absolutely right - as soon as it is very volatile, it cannot be used as traditional money. I guess, no one will agree (for example) to get his salary in altcoins or Bitcoin now.

[Koenraad Lange]

I don't think that you are right because cryptocurrencies are already used as money and the process is developing successfully. Of course, if volatility will lessen it will be better, but it is already a decent system.

I think after bitcoin is converted into paper money, that is the exchange rate agreement between the seller and the buyer. That is, the exchange rate used at the time of exchange cannot be debated whether the price then rises or even falls which is part of the business. Fiat money has no problems, but the value of bitcoin is a problem, when exchanged with fiat money will be profit or loss.

[denuhaqiqi]

Crypto currencies cannot be used as real currencies like fiat, due to their volatility and scalability. research is needed first, to take into account its advantages and disadvantages. fiat is still needed.

[tanxpresisit514]

I think this is no different from fiat money, even when compared to bitcoin, the depreciation of fiat seems to be worse than bitcoin from the past to the present

Cryptocurrency can still be used as money and used as a means of payment. Regarding the cryptocurrency price fluctuation, it is a natural occurrence where the ratio of sales and demand that is not comparable will cause price fluctuations.

[NewRanger]

Crypto currencies cannot be used as real currencies like fiat, due to their volatility and scalability. research is needed first, to take into account its advantages and disadvantages. fiat is still needed.

fiat would not replaced by any digitial currency such as cryptocurrency.but cryptocurrency provide alternative in new era of technology, which is every thing need be done fastly.such as for international trade payment.cryptocurrency has many advantages if used in this world.

[martinholly167]

Once bitcoin reaches or almost reaches the cap and mining no longer makes sense in a profit sense, I think the volatility will either die down completely or almost completely... After that point, bitcoin will go up or down in linear fashions long term.

That makes sense, but also there is one more important thing which is the volume.
Cryptocurrencies still need to have much more volume than the current volume, so there wont be any significant movement if whales are exchanging their coins/tokens.

[befriendmywater]

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?

it's absolutely right. I never thought that bitcoin or any altcoins could be a common currency for a country. it is always volatile and no one can stop it.
Besides, it is not historical, so it cannot become a world currency.

[automaticmoney]

cryptocurrency with volatility can be used as money and can be used as asset or payment processor we have all the unique features for bitcoin as a payment processor

[rafi035]

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?

the opinion conveyed is very precise and the opinion conveyed may relate to the legality of the currency that not all countries legalize if possible the crypto currency is legalized by all countries in the world, maybe the nature of the crypto currency will change

[Snaic]

The high price volatility of cryptocurrency is a significant obstacle to the legalization of cryptocurrency by states. Perhaps with this in mind, Bitcoin is also not widely used as a means of payment in business structures. Many commercial enterprises that initially switched to settlements in the cryptocurrency, then began to abandon it, including because of the high price volatility of the decentralized cryptocurrency. Perhaps, in this connection, Bitcoin will be mainly used among individuals, as well as for making very large transactions involving legal entities.

[bitbunnny]

The high price volatility of cryptocurrency is a significant obstacle to the legalization of cryptocurrency by states. Perhaps with this in mind, Bitcoin is also not widely used as a means of payment in business structures. Many commercial enterprises that initially switched to settlements in the cryptocurrency, then began to abandon it, including because of the high price volatility of the decentralized cryptocurrency. Perhaps, in this connection, Bitcoin will be mainly used among individuals, as well as for making very large transactions involving legal entities.

I wouldn't say that volatility is an obstacle for legalization but it's an obstacle for formal and regulated introduction to economic system. Many countries so far have already regulated Bitcoin but it didn't become the part of monetary and economic system and this is not very likely to happen.
No matter to that volatility doesn't prevent Bitcoin to be used as money but that brings high risk because of constant changing of value.

[pant-79]

If we take this particular example, then the same can be said about any other currency. You buy an apartment for US dollars, but this doesn't guarantee you that in a few years this apartment will not lose in value, even if the dollar has lost in value. That is, this example absolutely doesn't show how unreliable  purchase is in bitcoins.

[wahyu wida]

If we take this particular example, then the same can be said about any other currency. You buy an apartment for US dollars, but this doesn't guarantee you that in a few years this apartment will not lose in value, even if the dollar has lost in value. That is, this example absolutely doesn't show how unreliable  purchase is in bitcoins.

investment is risky, even though every investment has a different risk. of course, there is no guarantee that you will get a profit. but crypto conditions are currently not used by many countries

[blackbold]

I think a cryptocurrency with volatily can still be used as money since it has a value which can be traded or to buy a product.

in economic theory, there are several conditions for a good to be made into money, including: acceptability, stability of value, durability, portability, uniformity. because it requires stability of value, so I think bitcoin still can't be used as money