Bitcoin Forum
August 18, 2019, 10:26:19 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 [21]  All
  Print  
Author Topic: Is Bitcoin Worth To Be Currency?  (Read 8496 times)
SvonioneFromMangoCoinz
Member
**
Offline Offline

Activity: 508
Merit: 10

StableDex | Decentralized, Secure & Cost Effective


View Profile
June 24, 2019, 06:22:10 AM
 #401

Sure, it is our treading currency and It will replace fiat currency one day
I really don't think it should be considered a currency that can be paid in every means of service. In my opinion, the condition for being able to pay for all services, is that there is stability, supply is large enough to serve many people.
But Bitcoin really can't do these two things. Whales and sharks always make its price rise and fall on a quarterly basis and it will not make users feel secure when keeping BTC in their wallet.
Besides, supply is also limited. It should only be an asset to invest.

1566123979
Hero Member
*
Offline Offline

Posts: 1566123979

View Profile Personal Message (Offline)

Ignore
1566123979
Reply with quote  #2

1566123979
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1566123979
Hero Member
*
Offline Offline

Posts: 1566123979

View Profile Personal Message (Offline)

Ignore
1566123979
Reply with quote  #2

1566123979
Report to moderator
1566123979
Hero Member
*
Offline Offline

Posts: 1566123979

View Profile Personal Message (Offline)

Ignore
1566123979
Reply with quote  #2

1566123979
Report to moderator
bitzizzix
Sr. Member
****
Offline Offline

Activity: 770
Merit: 257



View Profile
June 28, 2019, 04:54:54 AM
 #402

Bitcoin cannot be a currency in one country because it will be involved with the government that will have pros and cons in it, if bitcoin becomes the world currency it will be more appropriate, because all countries use bitcoin and can be used as fiat substitutes as alternative payment transactions in the country they, and that also depends on the country where they live because not all countries are the same.




.




  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄████████▀▀▀▀███▄
███████▀     ████
███████   ███████
█████        ████
███████   ███████
▀██████   ██████▀
  ▀▀▀▀▀   ▀▀▀▀▀

  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄██▀▀▀▀▀▀▀▀▀▀▀██▄
██    ▄▄▄▄▄ ▀  ██
██   █▀   ▀█   ██
██   █▄   ▄█   ██
██    ▀▀▀▀▀    ██
▀██▄▄▄▄▄▄▄▄▄▄▄██▀
  ▀▀▀▀▀▀▀▀▀▀▀▀▀

            ▄▄▄
█▄▄      ████████▄
 █████▄▄████████▌
▀██████████████▌
  █████████████
  ▀██████████▀
   ▄▄██████▀
    ▀▀▀▀▀

    ██  ██
  ███████████▄
    ██      ▀█
    ██▄▄▄▄▄▄█▀
    ██▀▀▀▀▀▀█▄
    ██      ▄█
  ███████████▀
    ██  ██




               ▄
       ▄  ▄█▄ ▀█▀      ▄
      ▀█▀  ▀   ▄  ▄█▄ ▀█▀
███▄▄▄        ▀█▀  ▀     ▄▄▄███       ▐█▄    ▄█▌   ▐█▌   █▄    ▐█▌   ████████   █████▄     ██    ▄█████▄▄   ▐█████▌
████████▄▄           ▄▄████████       ▐███▄▄███▌   ▐█▌   ███▄  ▐█▌      ██      █▌  ▀██    ██   ▄██▀   ▀▀   ▐█
███████████▄       ▄███████████       ▐█▌▀██▀▐█▌   ▐█▌   ██▀██▄▐█▌      ██      █▌   ▐█▌   ██   ██          ▐█████▌
 ████████████     ████████████        ▐█▌    ▐█▌   ▐█▌   ██  ▀███▌      ██      █▌  ▄██    ██   ▀██▄   ▄▄   ▐█
  ████████████   ████████████         ▐█▌    ▐█▌   ▐█▌   ██    ▀█▌      ██      █████▀     ██    ▀█████▀▀   ▐█████▌
   ▀███████████ ███████████▀
     ▀███████████████████▀
        ▀▀▀█████████▀▀▀
FIND OUT MORE AT MINTDICE.COM
qwertyup23
Sr. Member
****
Offline Offline

Activity: 686
Merit: 331


Luke 23:46


View Profile
June 28, 2019, 02:03:30 PM
 #403

Short answer: No
Long answer: Yes

To be able to adapt bitcoin as our standard currency, countries from all over the world must adapt to this kind of change including countries among the developed, developing, and underdeveloped stage. Due to discrepancies among the financial status of each country, others do not have access to basic needs. If that were the case, access to this kind of technology seems far from materializing.

In the long run where each country slowly adapts to change, they would inevitably reform and change their payment structure to a digitalized form- which would make bitcoin possible as a standard currency. But for the time being, I do not see it from happening anytime soon.

           ▄▄████▄▄
      ▄▄███▀    ▀███▄▄
   ▄████████▄▄▄▄████████▄
  ▀██████████████████████▀
▐█▄▄ ▀▀████▀    ▀████▀▀ ▄▄██
▐█████▄▄ ▀██▄▄▄▄██▀ ▄▄██▀  █
▐██ ▀████▄▄ ▀██▀ ▄▄████  ▄██
▐██  ███████▄  ▄████████████
▐██  █▌▐█ ▀██  ██████▀  ████
▐██  █▌▐█  ██  █████  ▄█████
 ███▄ ▌▐█  ██  ████████████▀
  ▀▀████▄ ▄██  ██▀  ████▀▀
      ▀▀█████  █  ▄██▀▀
         ▀▀██  ██▀▀
.
WINDICE
.


      ▄████████▀
     ▄████████
    ▄███████▀
   ▄███████▀
  ▄█████████████
 ▄████████████▀
▄███████████▀
     █████▀
    ████▀
   ████
  ███▀
 ██▀
█▀
.


     ▄▄█████▄   ▄▄▄▄
    ██████████▄███████▄
  ▄████████████████████▌
 ████████████████████████
▐████████████████████████▌
 ▀██████████████████████▀
     ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
     ▄█     ▄█     ▄█
   ▄██▌   ▄██▌   ▄██▌
   ▀▀▀    ▀▀▀    ▀▀▀
       ▄█     ▄█
     ▄██▌   ▄██▌
     ▀▀▀    ▀▀▀
.


                   ▄█▄
                 ▄█████▄
                █████████▄
       ▄       ██ ████████▌
     ▄███▄    ▐█▌▐█████████
   ▄███████▄   ██ ▀███████▀
 ▄███████████▄  ▀██▄▄████▀
▐█ ▄███████████    ▀▀▀▀
█ █████████████▌      ▄
█▄▀████████████▌    ▄███▄
▐█▄▀███████████    ▐█▐███▌
 ▀██▄▄▀▀█████▀      ▀█▄█▀
   ▀▀▀███▀▀▀
.


.


.
OPlay NowO
.


.



.
.
Follow Us
▀▀▀▀▀▀▀▀▀▀▀▀
Ozero
Full Member
***
Offline Offline

Activity: 700
Merit: 105


View Profile
July 03, 2019, 03:51:29 AM
 #404

Quote
If we look at bitcoin volatility in recent years is very high,
Volatility only exists because we still compare the price to fiat. And not with other products. When Bitcoin become more used around the world, the price will not jump like this. We are just seeing the speculation price because nobody has any idea what is the right price. But I do not think Bitcoin will ever be a universal currency that will dominate every market. But BTC could become a currency accepted everywhere as a second currency. It will be easy to tourist around the world using Bitcoin as a reference.
No, I do not agree with you. Bitcoin, like other types of decentralized cryptocurrencies, will always have high price volatility. Supply and demand will always be changeable. Because of this, bitcoin is unlikely to be used on a massive scale by business structures. High price volatility also creates common obstacles in the financial reporting to the tax authorities, since the price of an ace of a group of goods will constantly jump. On the other hand, when making large transactions in which it takes a long time from the moment of the conclusion of the agreement to its practical implementation, one of the parties will constantly lose due to price changes. Usually businessmen are not inclined to play a lottery.

Leyss
Member
**
Offline Offline

Activity: 518
Merit: 12


View Profile
July 13, 2019, 04:26:19 PM
 #405

Yes, Bitcoin volatility is its advantage and disadvantage at the same time. Bitcoin may well be a currency and means of payment, however, under certain conditions. In some countries, they already use electronic or physical bank cards, in which you can pay with Bitcoins at the exchange rate at the time of the transaction, but payments are made in actual local currency. In my opinion, this perfectly solves the problem of bitcoin volatility and there are no problems, especially for the seller of goods or services.

  ●   TOKPIE   ●
 ❰❰❰❰❰❰  GET ETHEREUM FOR YOUR BOUNTY STAKES  ❱❱❱❱❱❱  
● ▬▬▬▬▬ ● ▬▬▬▬▬ ●●●    ●  instantly & regularly  ●    ●●● ▬▬▬▬▬ ● ▬▬▬▬▬ ●
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 [21]  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!