Topic: A cryptocurrency with volatility can't be used as money - page 14. (Read 34045 times)
Why can't cryptocurrency be used if it's already represented as payment tool in many countries? For example, Bitcoin. In fact, even our centralized currencies are volatile though not so highly as crypto.
I get your point that a currency with volatility is not suitable as a currency for our daily needs. Yes it doesn't affect the price of the item you bought when the Bitcoin price goes down but then the profitability of the items will decrease since the merchants are also using Bitcoin to buy the things they sell.
I'm just reading an article in the newspaper. Klaus W. Wellershoff (a last chief in UBS Bank) says that's impossible to use a currency with volatility as money. If the value of the money decrease, that means the value of the merchandise decrease. For example : if you buy a flat with bitcoin and few years later the bitcoin value decrease... Your flat lose his value as well.
What do you think about this argument?
It is true that the cryptocurrency has characteristics of being volatile. Even the price of the cryptcurrency is unstable, it can be still use in our daily payment. There is high possibility that the digital currency will happen. What do you think about this argument?
Same concern was raised during the US senate discussions on cryptos, Dr Michael (one of the guests) said the volatility will drop when the adoption grows and can then effectively function as currency
I'm just reading an article in the newspaper. Klaus W. Wellershoff (a last chief in UBS Bank) says that's impossible to use a currency with volatility as money. If the value of the money decrease, that means the value of the merchandise decrease. For example : if you buy a flat with bitcoin and few years later the bitcoin value decrease... Your flat lose his value as well.
What do you think about this argument?
What do you think about this argument?
Yes it cant be really used as a currency because of its volatilite price and the volatility is also the reason why cryptocurrency is very profitable today, there is so many use for crypto and not just a currency.
I'm just reading an article in the newspaper. Klaus W. Wellershoff (a last chief in UBS Bank) says that's impossible to use a currency with volatility as money. If the value of the money decrease, that means the value of the merchandise decrease. For example : if you buy a flat with bitcoin and few years later the bitcoin value decrease... Your flat lose his value as well.
What do you think about this argument?
What do you think about this argument?
Yes it cant be really used as a currency because of its volatilite price and the volatility is also the reason why cryptocurrency is very profitable today, there is so many use for crypto and not just a currency.
Every commodities always have high volatile in their price. Bitcoin right now like commodities and its like a gold or silver. Its store of value and i think it can be used as currency as long merchant accepting bitcoin and government issuing regulation on it
It is right that with huge volatility bitcoin cannot be used as payments and receipts. If the receiver thinks of the dropping price of bitcoin he will hesitate to accept bitcoin and the payee will also think of the price in his local currency or in dollar, but to promote bitcoin we should never calculate the price of bitcoin in our local currency. If we do so then using bitcoin will not take place. 
I'm just reading an article in the newspaper. Klaus W. Wellershoff (a last chief in UBS Bank) says that's impossible to use a currency with volatility as money. If the value of the money decrease, that means the value of the merchandise decrease. For example : if you buy a flat with bitcoin and few years later the bitcoin value decrease... Your flat lose his value as well.
What do you think about this argument?
Digital currency is a type of cash since ewe utilize it as installments on the web however in the event that we contrast it and fiat it is far various. Bitcoin and other cryptographic money was made and composed as unstable which is whenever it will vacillate not at all like the fiat cash that has a steady esteem whether the cost of stock reduction the estimation of fiat money won't change. What do you think about this argument?
Cryptocurrency is volatility but i disagree with Klaus W. Wellershoff when he said its impossible to use a currency which is volatility as money because the banks, senior regulators and the government are the major thing which make the volatility of cryptocurrency to be in dump position instead of pumping.
Cryptocurrency is a form of money becaus ewe use it as payments online but if we compare it with fiat it is far different. Bitcoin and other cryptocurrency was created and designed as volatile which is any time it will fluctuate unlike the fiat money that has a stable value whether the price of merchandise decrease the value of fiat currency will not change.
I'm just reading an article in the newspaper. Klaus W. Wellershoff (a last chief in UBS Bank) says that's impossible to use a currency with volatility as money. If the value of the money decrease, that means the value of the merchandise decrease. For example : if you buy a flat with bitcoin and few years later the bitcoin value decrease... Your flat lose his value as well.
What do you think about this argument?
What do you think about this argument?
Yes it cant be really used as a currency because of its volatilite price and the volatility is also the reason why cryptocurrency is very profitable today, there is so many use for crypto and not just a currency.
its not about the volatility that cause the cryptos to become usable as a money but it is because cryptos are built to store a value . but yes , volatility is the reason on why cryptos are verry profitable in terms of asset use .
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Re: A cryptocurrency with volatility can't be used as money
no . that is not true , cryptos can still be use as a currency or a money to be able to buy stuff and pay something despite of thier volatile nature but it is only risky because your money can decrease at some point although it can still also increase if ever the price of cryptos will also increase .That is true, volatility in a currency is not a good thing to use in all aspects, because of the inconvenience of its use in the community, its value can change every time and it will not give a good effect in the economy of the country.
Even there is a volatility, we can still use it as a currency because we just need to find a person that will make a deal for us and accept the cryptocurrency as a mode of payment and that is how we are able to use the cryptocurrency as a currency or mode of payment. Just remember that you just need to find a person that will agree to your deal.
That is true, volatility in a currency is not a good thing to use in all aspects, because of the inconvenience of its use in the community, its value can change every time and it will not give a good effect in the economy of the country.
The argument is a very rational one. The high volatility of cryptocurrencies might make it difficult for the whole world to have a consensus about using it as money or a medium of exchange in the purchase of goods and services. To me, I think something can be done to control this high volatility. A serious check need to be put on certain Crypto projects to be sure of their genuineness or usability of the project. Maybe this can help a little. Till then, the world may not accept cryptocurrency as money.
I'm just reading an article in the newspaper. Klaus W. Wellershoff (a last chief in UBS Bank) says that's impossible to use a currency with volatility as money. If the value of the money decrease, that means the value of the merchandise decrease. For example : if you buy a flat with bitcoin and few years later the bitcoin value decrease... Your flat lose his value as well.
What do you think about this argument?
What do you think about this argument?
Yes it cant be really used as a currency because of its volatilite price and the volatility is also the reason why cryptocurrency is very profitable today, there is so many use for crypto and not just a currency.
its not about the volatility that cause the cryptos to become usable as a money but it is because cryptos are built to store a value . but yes , volatility is the reason on why cryptos are verry profitable in terms of asset use .
Quote
Re: A cryptocurrency with volatility can't be used as money
no . that is not true , cryptos can still be use as a currency or a money to be able to buy stuff and pay something despite of thier volatile nature but it is only risky because your money can decrease at some point although it can still also increase if ever the price of cryptos will also increase . 
This might be true because of the current condition of bitcoin in the marketplace, we seems get enough with its low, so dip price or value, and so in thinking how can it become a currency everyone used when its value changes from time to time, unless there is a changes that will stabilize it only then will it become truly a currency.
I'm just reading an article in the newspaper. Klaus W. Wellershoff (a last chief in UBS Bank) says that's impossible to use a currency with volatility as money. If the value of the money decrease, that means the value of the merchandise decrease. For example : if you buy a flat with bitcoin and few years later the bitcoin value decrease... Your flat lose his value as well.
What do you think about this argument?
What do you think about this argument?
Yes it cant be really used as a currency because of its volatilite price and the volatility is also the reason why cryptocurrency is very profitable today, there is so many use for crypto and not just a currency.
It can but IMO the more market volatile the less people want to use it. 
In what ICO you willing to participate in jul-aug? Have you heard about Kelvin Blockchain?
In what ICO you willing to participate in jul-aug? Have you heard about Kelvin Blockchain?
The Volatility you speak of is mainly obtainable with very new coins or tokens that haven't lasted for very long, top cryptocurrencies that have been around for very long are not faced with issues of this nature. Cryptocurrency can be used as money but the crypto must have been around for a very long time.
Even money has volatility. Do you even know the term 'inflation rate'? The ability of money you hold now can change. It can buy you bread and water now. But it can only buy you a bread tomorrow. That's it. Using an example like this can let everyone know how volatile our fiat and current cryptocurrency market together with some manipulation from whales. I doubt we'll be seeing something 'volatile' as bitcoin as it is now.
Indeed, if we watching on forex market, fiat money have high fluctuation too and sometimes more volatile than cryptocurrency. Cryptocurrency high fluctuation because its still unregulated market by government.
Beside that, cryptocurrency market still 9 years old and still not a mature market and I am believe in next future, market will more stable
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