Bitcoin Forum
October 19, 2018, 08:18:06 AM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 [5]  All
  Print  
Author Topic: Bitcoin too volatile for payment, but what is the problem ?  (Read 294 times)
Sandra999
Newbie
*
Offline Offline

Activity: 182
Merit: 0


View Profile
August 13, 2018, 01:30:25 PM
 #81

Bitcoin and Cryptocurrency are volatile in my opinion. For now, bitcoin cannot be used as the main payment gateway as the price is very volatile. The price must be stable in order for it to be used for payments
1539937086
Hero Member
*
Offline Offline

Posts: 1539937086

View Profile Personal Message (Offline)

Ignore
1539937086
Reply with quote  #2

1539937086
Report to moderator
1539937086
Hero Member
*
Offline Offline

Posts: 1539937086

View Profile Personal Message (Offline)

Ignore
1539937086
Reply with quote  #2

1539937086
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1539937086
Hero Member
*
Offline Offline

Posts: 1539937086

View Profile Personal Message (Offline)

Ignore
1539937086
Reply with quote  #2

1539937086
Report to moderator
1539937086
Hero Member
*
Offline Offline

Posts: 1539937086

View Profile Personal Message (Offline)

Ignore
1539937086
Reply with quote  #2

1539937086
Report to moderator
1539937086
Hero Member
*
Offline Offline

Posts: 1539937086

View Profile Personal Message (Offline)

Ignore
1539937086
Reply with quote  #2

1539937086
Report to moderator
Underlord
Newbie
*
Offline Offline

Activity: 148
Merit: 0


View Profile
August 13, 2018, 01:41:39 PM
 #82

I read some criticism around Bitcoin, because is too volatile, but this is the reason for the success of this crypto ( and others), imo

Also, why do you need a stable coin ? If you can't pay with Bitcoin for you coffe, who cares ? I mean, it is just like gold, you don't walk around paying with gold, but you know it has value.

I just can't see a clear disadvantage on being too volatile, something that could make ppl loose interest on Bitcoin. I would like to hear opinions on that.
Stability of value is one of the absolute conditions that must be owned by a currency as a payment instrument, and that characteristic is not owned by bitcoin. Some merchants will worry about this because the price changes are very uncertain, just imagine if the price of a currency changes every hour, for example you can buy a sports car at that time then an hour later the price drops dramatically and is only equivalent to the price of a van Of course this will be very detrimental to the merchant.
royalparade01
Newbie
*
Offline Offline

Activity: 112
Merit: 0


View Profile
August 13, 2018, 01:55:35 PM
 #83

of course the volatility is one of the factors that have great influence inacceptability of the coin for making payment. and this is actually limiting some great merchant and ecommerce from accepting crypto for payment but however, It does not stop them also from making crypto as part of the payment. volatility has its pros as well the most important thing is how are the crypto recieved by merchant being managed. when i sell crypto for local exchange, they pay based on the price of the coin at the point they want to send my payment.



When Bitcoin is volatile i think you should invest more bitcoins because surely bitcoin price will increase again after a few months so profit will come for you this is one my strategy in holding altcoins.
tiurminator
Newbie
*
Offline Offline

Activity: 126
Merit: 0


View Profile
August 13, 2018, 02:34:51 PM
 #84

I read some criticism around Bitcoin, because is too volatile, but this is the reason for the success of this crypto ( and others), imo

Also, why do you need a stable coin ? If you can't pay with Bitcoin for you coffe, who cares ? I mean, it is just like gold, you don't walk around paying with gold, but you know it has value.

I just can't see a clear disadvantage on being too volatile, something that could make ppl loose interest on Bitcoin. I would like to hear opinions on that.

For currency of course we need a stable coin.  Can you imagine the price of your coffee changes before you even drink it?  Are you okay if the price of your ordered meal changes when you are going to pay?
Pages: « 1 2 3 4 [5]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!