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

[Giftedcrypt]

Volatility of bitcoin should be a normal thing,simply because it's tradeable, but for investors it's not really a good one.. Your 1000$ can be reduced to 200$ in a heartbeat..

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[alaskata]

It is a big virtual currency, popular with everyone entering the market. Bitcoin is a success but if you are talking about Bitcoin as a currency considering it as an unstable currency is a weakness for people. Consumer and Business.

[EdenHazard]

This is what distinguishes bitcoin with fiat money, if looking at the function of money just as a payment system only, more than that fiat money can not be used for other things such as investing or instant trading.

Howover, bitcoin functions not only as a payment system only. But someone who has their bitcoin is free to choose using bitcoin for payment systems, investing or trading. This is what perfected a system of value and has many functions.

[Deathgamer]

Absolutely.Bitcoin is too volatile to be used as payment because if you wil pay then the value will change since its volatile possibly there will be a difference between your payment or shall I say that I wont be accurate.

[dmty.0809]

Dare to start then have to dare also take the risk, there is time to profit or even get loss, do not be afraid, because wheel always rotate, not always down, will surely back up, I believe it!

[Juggy777]

Bitcoins volatility is it's major asset and I don't see anything wrong with it being volatile cause it's good that way, at times it goes down and then other times it just shoots ups. That's what I love about bitcoins it gives you thrills like nothing, plus the returns you get are just awesome so people who don't understand bitcoins think volatility is bad.

[zoeylee]

In my opinion, the problem is that people have lack of trust in BTC. They are hesitant about the market value. They have lack of knowledge on how to deal it to give it a full the trust to BTC.

[setialovers]

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.

If we watching on forex market, every fiat money always volatile and sometimes have high fluctuation. Its same with bitcoin or cryptocurrency because when currency landed on market, demand and supply control the price. I think bitcoin can be used for payment if regulation from government come out

[Kakmakr]

Many people disregard the fact that Bitcoin can be used both as a currency and as a commodity and then they complain about the volatility. A lot of people work around these problems by using centralized solutions to cancel out the impact of the volatility, when they use it as a currency. <Using third party payment processors to convert BTC to Fiat>

I think volatility can be used to your advantage, if you know how to play the game. 

[jrrsparkles]

Volatility is the problem which came from us.No one willing to accept a currency which has too much swing in it value.And the volatility happening because of the less availability of bitcoin when comparing to the total world population and imagine how much the volatility will be if all the people uses bitcoin.

[Kaan53]

Bitcoin is very variable and creative for payment but if you are talking about constantly increasing or decreasing Bitcoin this is not a problem because Bitcoin has always done these upsets and of course it has done so in the ascension so I think there is no problem.

[Roberttran]

The volatility of bitcoin is very normal.  It's like gold bitcoin is a kind of asset to store rather than coin created to pay for fiat replacement.

[andriw]

in my opinion, bitcoin is the same as gold, according to the function of its value. gold other than as jewelry is also used as an investment asset, as well as bitcoin. when talking now, bitcoin is most appropriate as an investment asset, but it is less feasible as a direct or offline transaction payment like in a store or coffee shop, due to the expensive transaction fees and long confirmed transaction, but it is still feasible to use on indirect or online transactions such as in online stores.

[Serious475]

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.

I agree that Bitcoin's volatility is the main reason why Bitcoin is successful and many people are using it. People  do not want to receive a volatile currency  that is  why stable coin needed to exist. Also, they are not oriented (no adequate knowledge) about Bitcoin that is why they do not accept that kind of payment.

[Lexurdania]

High fluctuation on cryptocurrency is not a reason crypto can not used for payment. Every currency fluctuated and its normal. Its very normal cryptocurrency volatile because price determined by market. I think cryptocurrency can used for payment

[Virtual miner]

"Time will tell" is the most appropriate phrase governing the crypto space. Because here nothing can be predetermined in advance. You cannot say the what will be the next move of the market. 2018 is the perfect example for the same. The year from its very beginning had set hopes for the community and people had bought in the hope for making profits in the short run. But what happened was quite opposite of what was expected. And of the current scenario, you see, nothing can be said clearly. Stabilization of the market right now seems difficult as is evident from the recent technical analysis. Bull trap as you say, it might be true! Because it has been observed earlier also in the market and the same thing is expected to be seen again.

This kind of volatile nature of the crypto market according to me is necessary for the market to move. I agree totally with the OP and the point put forward is absolutely correct. Volatile nature of the crypto coins is what makes the success of the market investments a reality.

[zolfa]

if the bitcoin is legal and used transactions by all the world's people, I think the bitcoin fluctuations will be easy to control.

today we feel the fluctuations are not normal, because bitcoin has no legality and has no clear regulation, at least bitcoin regulation can make it a little easier to control.

[tanjilrifat]

The year from its very beginning had set hopes for the community and people had bought in the hope for making profits in the short run. But what happened was quite opposite of what was expected.

[Sandra999]

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

[Underlord]

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.