BenCodie
Legendary
Offline
Activity: 1666
Merit: 1037
6.25 ---> 3.125
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2023, 10:17:43 AM |
|
I have two responses to this post.
First, people will complain about volatility while it's here, then people will complain about volatility when it's gone. The fact is that while Bitcoin upholds its fight against Fiat currency, it will be volatile. Then when fiat is so unstable and things begin to be priced in Bitcoin (because that is what will be more stable), people will "reminisce" on the times when Bitcoin was volatile and full of opportunity.
This brings me to my second point. Eventually Bitcoin will be more stable than fiat. Fiat will be so unstable that goods and service providers will prefer to price in Bitcoin, if it prevails in its goal to become the dominant global currency (in my opinion it will). At that point you can feel calm with less volatility. Until then, enjoy the volatility.
|
|
|
|
Solosanz
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2023, 10:48:31 AM |
|
For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency. Similarly, business that hold bitcoin as an investment may experience significant losses if the value of bitcoin drops suddenly.
the decentralized nature of bitcoin can make it difficult for government and regulartory agencies to monitor and control its use. This can create challenges in areas such as tax collection, money laundering prevention, and consumer protection.
So Bitcoin price is always decrease regardless how long you hold it based on your example? you should open coinmarketcap or coingecko and check the Bitcoin price history. Honestly Bitcoin price isn't decreasing, it's because you always consider any price in fiat equivalent. If you consider goods price in Bitcoin equivalent, you will understand if fiat value slowly decrease. The government can just force every citizens to use their centralized exchanges and KYC their accounts, that's make the government can collect tax and prevent money laundering. Centralized exchange is bad to protect your coins.
|
| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
|
|
|
mnporter2001
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 602
Merit: 250
HEX: Longer pays better
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2023, 01:48:53 PM |
|
Well, halelujah for the blazing insight, Sherlock ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) ! Who could've guessed Bitcoin's value fluctuates? Mind = shattered. But for reals, despite Bitcoin's rollercoaster nature and decentralized state, it's chock-full of perks for payments and investments. Granted, it's not a rock-steady currency, but hey, who wouldn't trade monotony for heart-hammering portfolio peeks? Regarding the government and regulators' inability to snoop and control Bitcoin, isn't that just the cherry on top? After all, who craves an Orwellian overlord dictating our crypto moves? So let's all dive headfirst into Bitcoin's chaotic charm and bask in the capricious crypto trading escapades. Because, honestly, who needs snoze-worthy stability when you can have a blast? Bro, its still super risk. While the allure of Bitcoin's volatility and the excitement of crypto trading may be tempting, it is important to consider the potential risks and drawbacks involved. Bitcoin's chaotic nature can lead to significant financial losses for inexperienced investors who are not well-versed in market analysis and risk management.
|
████████████████████ ██████████████████████ ████████████████████████ ██████████████████████████ ████████████████████████████ ████ ▀██████████ ████ ██████████████ ██████████ ████ ████████████████ ██████████▄ ████ ██████████████████ █████████▀ ██ ████████████████████ ███████ ███ █████████ █████ ███ ███████ ███████ █████ █████████ █████ █████ ███████████ ███ █████ █████████ ███ █████ ███████ ███ █████ | | | ● ● ● ● ● ● ●
| | | | ● ● ● ● ● ● ●
| | Powered by,
|
|
|
|
Mate2237
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2023, 03:47:44 PM |
|
The value of bitcoin can fluctuate rapidly and dramatically, sometimes within a single day. This can create challenges for individuals and businesses that use bitcoin as a means of payment or as an investment. It can only have issues with the payment method but for the investment there will be no problem unless the investor is doing it for short term and short term investment is not good but if the investor is investing for a long term investment then the fluctuations will not affect him because he is investing for the bull market to come. For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency. Similarly, business that hold bitcoin as an investment may experience significant losses if the value of bitcoin drops suddenly. Then the person should not use bitcoin for his payment method and accept only Fiat for his payment method. Nobody is doing business to lose but to make Profit. Therefore if goods the purchase are more higher than the amount of BTC at the time then he should use another payment options.
|
|
|
|
Hamza2424
Legendary
Offline
Activity: 1078
Merit: 1091
🇵🇰 Pakistan
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2023, 07:16:05 PM |
|
The value of bitcoin can fluctuate rapidly and dramatically, sometimes within a single day. This can create challenges for individuals and businesses that use bitcoin as a means of payment or as an investment. For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency. Similarly, business that hold bitcoin as an investment may experience significant losses if the value of bitcoin drops suddenly.
Haha, the Volatility of Bitcoin is not really a big problem huh, let me explain in traditional nature, Don't convert Bitcoin into the USD, and don't make product values USD specific or in any other currency. If you are really loyal to BTC then ignore everything from the outer world, and fix the price of each product in Stoshis it will directly fix your volatility issue. So this is a lame excuse if you want to be in the traditional traped economic system and want to use BTc as well then bro take it as a Bonus (Volatility gives you the freedom to Buy and lower and Sell at higher means profit ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) ) the decentralized nature of bitcoin can make it difficult for government and regulartory agencies to monitor and control its use. This can create challenges in areas such as tax collection, money laundering prevention, and consumer protection.
Haha, why are you here if you don't want the power in your own hands, centralization is a trap but good if decentralization is also the specific hands like our democracy. If decentralization and Transparency come in a combo then nothing is better than it. Because a system can't be truly democratic if you don't have transparency. POW and Bitcoins POW especially is not a type of decentralization only by name. Money Laundering has nothing to do with BTC because Blockchain provides glass transparency means if regulation is done by proper checks and balances then it is impossible to get involved in Money Laundering even after Mixing Bitcoins it is still possible to track. Overall, while bitcoin BTC has the potential to offer many benefits ,its volatility and lack of regulation can create significant challenges for business, governments and us people around the world.
Regulation is not much far away we just need to be patient for a few more years, they will be forced by nature to accept Bitcoin as their mode of Payment. If and only if things go with peace.
|
|
|
|
hannahB4
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 532
Merit: 13
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2023, 08:10:02 PM |
|
Any positive thing has its side effect and that is those you have raised. The exchange rate differs from one country to another depending on your country so, you want to purchase a good from let's say china and you already converted the money in your currency using the exchange rate will you say because of the increase or decrease you won't get want you want, likewise bitcoin which is even more profit-oriented in the long run.
|
|
|
|
kaseygriffin
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2023, 08:13:05 PM |
|
Some business owners and individuals see the potential advantages of accepting Bitcoin despite its volatility. So they may see volatility as an opportunity rather than a concern, especially considering Bitcoin's bullish history. I find this very interesting because if they choose to accept Bitcoin as payment, they actually believe in its long-term value increase and see it as an investment opportunity. So despite the issues of fees, scalability, and infrastructure development, I think the Lightning Network will do well to improve Bitcoin's solvency and wider use.
|
|
|
|
AmoreJaz
Legendary
Offline
Activity: 3206
Merit: 1103
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2023, 08:24:20 PM |
|
Some business owners and individuals see the potential advantages of accepting Bitcoin despite its volatility. So they may see volatility as an opportunity rather than a concern, especially considering Bitcoin's bullish history. I find this very interesting because if they choose to accept Bitcoin as payment, they actually believe in its long-term value increase and see it as an investment opportunity. So despite the issues of fees, scalability, and infrastructure development, I think the Lightning Network will do well to improve Bitcoin's solvency and wider use.
every person has their own take when it comes to volatility. for a lot of BTC holders, volatility is their best friend as they can get profits from playing this feature, if they know how to handle this. volatility is also the reason why a lot want to get into this market because if they know how to play their cards right, they can easily get their profits. so if you finally accept BTC in your shop, it means, you know what you're getting into, and you can always take advantage of its volatility, and not look at this negatively.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
goldkingcoiner
Legendary
Offline
Activity: 2156
Merit: 1916
Verified Bitcoin Hodler
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2023, 09:30:16 PM |
|
The value of bitcoin can fluctuate rapidly and dramatically, sometimes within a single day. This can create challenges for individuals and businesses that use bitcoin as a means of payment or as an investment.
For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency. Similarly, business that hold bitcoin as an investment may experience significant losses if the value of bitcoin drops suddenly.
the decentralized nature of bitcoin can make it difficult for government and regulartory agencies to monitor and control its use. This can create challenges in areas such as tax collection, money laundering prevention, and consumer protection.
Overall, while bitcoin BTC has the potential to offer many benefits ,its volatility and lack of regulation can create significant challenges for business, governments and us people around the world.
Everything in value fluctuates. You think that paper dollar bill in your hand is always the same value, just because $1 is printed on it? No. Stocks fluctuate, anything you can invest your fluctuating money into also fluctuates. Do not be fooled. With fiat, this fluctuations are kept hidden from your eyes until you go to the store and find out that all of a sudden, eggs cost twice as much as the day before. Bitcoin is transparent and decentralized. No hidden fluctuations, No manipulations. Bitcoin is the better money.
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
Fatunad
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 2310
Merit: 359
PredX - AI-Powered Prediction Market
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2023, 09:53:39 PM |
|
The value of bitcoin can fluctuate rapidly and dramatically, sometimes within a single day. This can create challenges for individuals and businesses that use bitcoin as a means of payment or as an investment.
For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency. Similarly, business that hold bitcoin as an investment may experience significant losses if the value of bitcoin drops suddenly.
the decentralized nature of bitcoin can make it difficult for government and regulartory agencies to monitor and control its use. This can create challenges in areas such as tax collection, money laundering prevention, and consumer protection.
Overall, while bitcoin BTC has the potential to offer many benefits ,its volatility and lack of regulation can create significant challenges for business, governments and us people around the world.
Everything in value fluctuates. You think that paper dollar bill in your hand is always the same value, just because $1 is printed on it? No. Stocks fluctuate, anything you can invest your fluctuating money into also fluctuates. Do not be fooled. With fiat, this fluctuations are kept hidden from your eyes until you go to the store and find out that all of a sudden, eggs cost twice as much as the day before. Bitcoin is transparent and decentralized. No hidden fluctuations, No manipulations. Bitcoin is the better money. Fiat might look that stable but we know that if we do make out some in depth check on which its price do really still move although on very very minimal scale or on cents on which we cant really feel that or really be able to notice. This is why we cant really say that it is really that stable. When it comes on Bitcoins volatility then if someone do sees this as a problem then Bitcoin or crypto investment isnt really for them. Knowing that volatility scale or status here on this space is really that huge on which there are people who cant really be able to bare up with those kind of risks on which this isnt a place that suits them in. If this is a problem for some then this is actually an advantage for those people who do trade on which they do able to utilize its movements for them to make money.It is actually that possible and this is what is trading is all about.If you do really know on how to play with these movements then you could really take advantage into it which is something that you should really must do when dealing up with this space.
|
|
|
|
tygeade
Legendary
Offline
Activity: 2212
Merit: 1059
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 19, 2023, 08:40:25 AM |
|
Well, halelujah for the blazing insight, Sherlock ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) ! Who could've guessed Bitcoin's value fluctuates? Mind = shattered. But for reals, despite Bitcoin's rollercoaster nature and decentralized state, it's chock-full of perks for payments and investments. Granted, it's not a rock-steady currency, but hey, who wouldn't trade monotony for heart-hammering portfolio peeks? Regarding the government and regulators' inability to snoop and control Bitcoin, isn't that just the cherry on top? After all, who craves an Orwellian overlord dictating our crypto moves? So let's all dive headfirst into Bitcoin's chaotic charm and bask in the capricious crypto trading escapades. Because, honestly, who needs snoze-worthy stability when you can have a blast? Bro, its still super risk. While the allure of Bitcoin's volatility and the excitement of crypto trading may be tempting, it is important to consider the potential risks and drawbacks involved. Bitcoin's chaotic nature can lead to significant financial losses for inexperienced investors who are not well-versed in market analysis and risk management. I think the risk is with the person and not the idea. Sure trading bitcoin is a great way to make a profit, it goes up and down all the time which means that by trading it you could make a lot of money. This idea itself is not wrong and holds truth for the past 15 years, anyone who had a good trading experience so far will tell you the same. However, the risk is with the person, if YOU are bad at trading then it could have amazing chances to profit and you will miss it, there is no logic behind it. I personally do not trade all that much, just a small amount and I believe that I am doing the right thing even though I know trading a bit better than all the newbies, I prefer holding long term because the risk there is a lot lower and you do not have to learn anything.
|
|
|
|
Lida93
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 19, 2023, 10:35:53 AM |
|
The value of bitcoin can fluctuate rapidly and dramatically, sometimes within a single day. This can create challenges for individuals and businesses that use bitcoin as a means of payment or as an investment.
Story flash - hope you know that crude oil price also drop drastically in value too? Do your research and get it into your head on how those countries that heavily depends on crude oil as source of national income how their economy is negatively affected around those periods of devaluation. For Bitcoin each time it flunctiate downwards it rather an opportunity to keep DCAing knowing fully well that the price is going to rise, it's just a matter of time and that's why patience is a key component needed from anyone who invests in bitcoin.
For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency.
The volatility in bitcoin is clearly expressed through demand and supply, and so when you talk about the value plummeting today also, remember at different times when the value also increased significantly in price based on same volatility you're tagging problematic. Or would you still refer to it as problematic should at the time of receiving the BTC payment the price skyrocketed leading to an increase in the value of payment? Let's not only focus on the south side of it but on both ends and try to navigate on how we can make the best use of the positive end of it against the so-called negative aspect.
the decentralized nature of bitcoin can make it difficult for government and regulartory agencies to monitor and control its use. This can create challenges in areas such as tax collection, money laundering prevention, and consumer protection.
Overall, while bitcoin BTC has the potential to offer many benefits ,its volatility and lack of regulation can create significant challenges for business, governments and us people around the world.
Despite the regulatory policies of gold by the government there's still booming good black market out there that's doing well than that of the so-called regulated market. Too much regulations have cost more harm than good in the financial life's of ordinary people over the years and it's time people take charge of their finances in a currency void of regulations and central control.
|
|
|
|
Blitzboy
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 20, 2023, 04:16:20 AM |
|
Bitcoin's volatility can present hurdles for users and investors. However, it's essential to recognize that such volatility also propels opportunities for significant returns. This volatility has catapulted early investors into unprecedented wealth.
Regulatory challenges, in my view, signify evolution more than a disadvantage. Decentralization, the heart of Bitcoin's value, provides an innovative transaction mode sans central authority. It potentially grants more liberty and flexibility, albeit necessitating increased user responsibility.
Moreover, regulation isn't always a safety synonym. We've witnessed numerous regulated markets tumble into scandals and crashes. Bitcoin's self-regulation via network consensus offers a distinct, grassroots mechanism for maintaining order and value.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
YUriy1991
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1022
Merit: 252
PredX - AI-Powered Prediction Market
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 20, 2023, 05:47:38 AM |
|
The value of bitcoin can fluctuate rapidly and dramatically, sometimes within a single day. This can create challenges for individuals and businesses that use bitcoin as a means of payment or as an investment.
For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency. Similarly, business that hold bitcoin as an investment may experience significant losses if the value of bitcoin drops suddenly.
But on the other hand we can attribute this to the Growing Stability and Maturation of the Market where as the market matures, volatility can decrease gradually meaning more users, including institutional investors, enter the Bitcoin market, increased liquidity and stability can help mitigate extreme price swings. the decentralized nature of bitcoin can make it difficult for government and regulartory agencies to monitor and control its use. This can create challenges in areas such as tax collection, money laundering prevention, and consumer protection.
It is true that the decentralized nature of Bitcoin can pose challenges to governments and regulatory agencies when it comes to monitoring and controlling its use. However, I think there are different viewpoints that explain various aspects of this issue. I think it's not a big challenge if the government is willing and concerned. What is needed is only Regulatory Adaptation and Technological Solutions meaning governments are focused solely on developing regulatory frameworks that adapt to the unique characteristics of cryptocurrencies so that they can advocate for the advancement of these technological solutions such as blockchain analytics, which can increase transparency and help address issues related to tax collection, money laundering, and consumer protection. Overall, while bitcoin BTC has the potential to offer many benefits ,its volatility and lack of regulation can create significant challenges for business, governments and us people around the world.
Indeed, the lack of regulation can create significant challenges for businesses, governments, and all of us around the world but from your first sentence, I think there is also an important point to know that BTC also has the potential to offer a lot of benefits. Yes, indirectly BTC volatility can also generate investment profits where price fluctuations can also create opportunities for traders and investors to profit from short-term price movements. Note that if individuals are willing to tolerate the risks associated with volatility, they can potentially earn profits. of the huge return on Bitcoin investment.
|
|
|
|
crypticj
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 20, 2023, 06:06:09 AM |
|
That's why I belive that Bitcoin won't actually be used as a currency. I don't see the reason for the majority of people to use it over USD considering how valuable it is. And for businesses, it's not only risky but also government pressures them to not accept bitcoin by not adopting the usage of bitcoin.
So every year and have more and more doubts about mass adoption. Bitcoin will surely go up when people will start buying, but I don't see companies start accepting it all over the place.
|
|
|
|
Kaliandra
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 12, 2023, 05:00:02 AM |
|
Bitcoin, which has high volatility, can of course be a reason for people not to use BTC as a means of payment, which is why there is a government in a country that prohibits people from using BTC as a means of payment. I think maybe one of the reasons is because the price of BTC is fluctuating.
but what I know now is that many people take advantage of BTC's volatility and fluctuations just to make a profit, namely by investing in BTC.
|
|
|
|
HONDACD125
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 12, 2023, 05:37:52 AM |
|
Bitcoin, which has high volatility, can of course be a reason for people not to use BTC as a means of payment, which is why there is a government in a country that prohibits people from using BTC as a means of payment. I think maybe one of the reasons is because the price of BTC is fluctuating.
but what I know now is that many people take advantage of BTC's volatility and fluctuations just to make a profit, namely by investing in BTC.
Undoubtedly Bitcoin is one of the best crypto currency where many people are getting profit from investment. Bitcoin fluctuates frequently. And the price does not remain fixed at one place but often fluctuates. It is because of this volatility that people make profits. From the point of view of using Bitcoin as a payment, since it is not stable and the price fluctuates frequently, it would be difficult to use it as a currency. You are right that this is why some governments ban its use as payment. Because the price may be high before payment and the price may be thrown away immediately after payment, which may cause loss to the buyer. We all know that due to the volatility of Bitcoin, most of the traders make profit and invest for a long period of time because often the price of Bitcoin increases a lot after some time. However, it is clear that there is no difficulty in using Bitcoin as payment, but its volatility can cause problems.
|
|
|
|
|