Bitcoin too volatile for payment, but what is the problem ?

[brawdias]

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.

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[dothebeats]

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.

For bitcoin to work as an effective currency, it needs to be stable. The reason why there aren't that many merchants around the bitcoin ecosystem is because they are scared to receive a payment that's too volatile. Bitcoin would have been an excellent currency since you can use it across borders without having to exchange to a country's local currency just to buy something, so there's that.

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.

I see one: merchants. They could potentially bring a lot of people in this ecosystem since their peers could use bitcoin as a form of payment. I don't really think that it will happen sooner or later unless services like BitPay continue to deliver cheap solutions for such merchants since it also takes off of their profits because they need to pay the concierge to receive the equivalent in dollars. It isn't that serious of a disadvantage but still a disadvantage nonetheless

[bobo012]

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.

It is volatile because it is still in price discovery phase, as all great assets have been before prior to stabilizing.
I personally dont mind the volatility at all. It is superior mean of payment compared to cards, especially over the internet.

[Thirdspace]

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.

you don't use gold (anymore) for paying anything these days, gold has become store of value and for hedging
bitcoin was made in the first place to be used as peer-to-peer currency, it enables borderless instant payments
to function as currency, a stable rate/value is needed to also guarantee stable use in trade economics
bitcoin has now becoming more and more as commodity, store of value or even investment

[ralle14]

Others want a stable coin as an alternative payment because they don't want to lose money after buying it from an exchange and spending it on something they want but they're a couple of dollars short because of the volatility. I don't mind the volatilty when i'm spending my Bitcoin if the price goes down I have no choice but to deal with it by holding it until it recovers or spend more if it's needed.

The real problem back then was the fees it got to the point where the price is so high plus the fees went to the moon because of the spam or there's just a lot of active users making transactions during that time. Because of that some merchants lost interest stopped accepting/using Bitcoin.

[ansanstio376]

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.

  there is no problem in payment methods on bitcoins that are part of sites or websites that do not support bitcoin payouts, it seems to me.

[Stonetium]

Lighting network defiantly seems like a viable solution. The other way I'd look at this is Bitcoin is great for big purchases - houses, cars, etc

[timerland]

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.

Exactly. Besides, volatility of prices simply mean that bitcoin is a financial system completely independent of the fiat system. I mean, isn't that something we should embrace? Plus, some people even take advantage of the volatility, to their benefit.

Right now, bitcoin is serving as a store of value for many. Long term, we know that bitcoin's value will be retained effectively. All the volatility is short term. And that's not really a problem for me or a lot of bitcoin users.

In fact, volatility has actually reduced significantly as the years went on, and I believe volatility will continue to reduce in the long run. The reason why bitcoin is so volatile right now is as a result of lack of merchants adopting the currency. This only comes with time, it can't happen overnight.

[miss.M]

Well, being volatile of crypto currency is the reason why it so many investores out there that waiting on the price is down they can buy immediately, and if the price was high they can sell how much they want to sell, we can not culpable them on what they want to said about bitcoin, just ignore them if they say something bad.

[cedrixperez]

I think being volatile of bitcoin is normal and good for many investors as a matter of fact this is the reason why some people invest in bitcoin. 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.

[pitiflin]

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

These are the two ways one can look at crypto. People believe in what they see. Its either too volatile or it's too good. Crypto is the mix of fiat and stock. One can use it as a means of investment or as a means of everyday use.

[retnoanjani]

Basically, bitcoin as a means of payment has not been effective until now. You are right, it is not a problem, bitcoin can be used as an asset that certainly has a high enough selling value if it is in the right buy and sell position. Moreover, many countries restrict the use of bitcoin as a means of payment, including in my country. So, I just use it as an asset.

[jhonvir666]

Well, the leverage of the crypto currency is the reason why so many investors are out there and are waiting for the right price down they can buy immediately, and if the price is high they can sell immediately how much they like, we can not destroy them with what they want to say about bitcoin, just ignore them if they say something bad. just just like nothing happens.

[sakahayang]

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.

Indeed, if bitcoin wants to be a real world currency then bitcoin must be stable, but I think the more worthy of the world currency is bitcoin, because the volume of bitcoin is set up in such a way without any human intervention the price is only the market that can control it not individuals.
bitcoin is not stable, but because of instability this bitcoin can be utilized by some people.
unlike the case with gold, gold is certain to rise 100% every year. the rise stage can be stable (as opposed to bitcoin) only the time will be longer to get up to 100%.
it's different with bitcoin that can go up and down in an instant, from where people can take advantage of it

[Tatars kun]

Evaluating the evolving controversial digital currency. pearing on my bill, I knew they were fraudulent. This type of fraud is almost impossible using bitcoins. No waiter can pad bills, no proprietor can forge new ones, and no one can delay a refund after both parties authenticate.

[Flomo]

bitcoin is different from gold, although both can not be made for payment, because there is a lack of bitcoin stability. but bitcoin is the best investment asset I've ever known, and we've felt the benefits and benefits of bitcoin.

[jerrison]

the volatility in the price of bitcoin does not in anyway affect the fact that it can or has to be used for payment, the time of payment has a particular price attached or valued of the equivalent satoshi value sent. so, if the receiver wants to avoid the price volatility, he or she can decide to sell it off to a fiat currency just to keep it at fixed value. thanks

[13abyknight]

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

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.

Big companies like Microsoft and Steam, among others, opted out of accepting Bitcoin mainly due to volatility concerns. The constant fluctuating value means an everlasting plus or minus at any given point of time, and it would be a big headache assigning resources just for the sake of monitoring this.

[thesmallgod]

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.

[oseikuf44]

I wonder why everybody is forcing bitcoins to do unimaginable things. Bitcoins like gold is force to buy coffee and even pay taxi,meanwhile everyone dare not try that on gold or diamond. Bitcoin is an asset and let treat it as valuable.