Being a volatility of a crypto currency could cause in two types only maybe you will lose lots of profit or gain more profit. However its depend if you know how to sell or but a kind of coin you want to invest. Knowledge is the more important to surpass of being a volatile of a crypto currency.
If someone is angry with this volatility thing, then surely he must understand that things aren’t that much easy here. If this volatility is just vanished or intentionally killed, then there wouldn’t be any sense of bitcoins at all. They become usual like every other source of money. There wouldn’t remained any sort of difference or superiority of bitcoins than stock and other same sources. 
Topic: A cryptocurrency with volatility can't be used as money - page 28. (Read 34026 times)
Yes it is right that due to the volatility of bitcoin it can't be used as money, I don't think it would ever implemented that it will become the replacement of fiat, I think it would remain the same as to what is the situation of bitcoin right now, which is good thing at some point since we do have an opportunity to earn.
This is a reliable and well-known argument and it is true. The currency cannot be volatile. Otherwise, no one will use it.
For me the price will be more stable in the future so that will make them more able to adapt to this movement. I do not think that's true because the money we use now has the same thoughts as the ups and downs
It has but they are not that big like in crypto, you know that currencies has pumps and downs like 1$ not 50/80% of its value, in future if it will be more stable people will make it possible to make transactions in more and more places. 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?
Maybe If crypto currency with volatiliy less, it can be used as money. When the demand is stable, it will happen.
For me the price will be more stable in the future so that will make them more able to adapt to this movement. I do not think that's true because the money we use now has the same thoughts as the ups and downs
I think that it takes more time for bitcoin, so that the tsyna was more menial than the fixed one. Crypto currency should be used as money, it just takes more time ...
A cryptocurrency with volatility can be used as money. If legalized/legitimatized in a particular jurisdiction, it would function and any challenges therefrom would be sorted afterwards.
The assertion that If the value of the money decrease, that means the value of the merchandise decrease would not be believed because the exchange rate of fiat money between two countries increases and decreases as well based on their economic indices. In this wise, the value of merchandise purchased are entered in the seller / purchaser's books using the exchange rates ruling at the date of sales/purchase.
Therefore, regardless of volatility a cryptocurrency can be used as money in the same way as fiat money is used on merchandise.
The assertion that If the value of the money decrease, that means the value of the merchandise decrease would not be believed because the exchange rate of fiat money between two countries increases and decreases as well based on their economic indices. In this wise, the value of merchandise purchased are entered in the seller / purchaser's books using the exchange rates ruling at the date of sales/purchase.
Therefore, regardless of volatility a cryptocurrency can be used as money in the same way as fiat money is used on merchandise.
Depends on what you use it as? 1 bitcoin equals 1 bitcoin for trade or hold..
If you Google you will find that 1Usd =45 INR in 2012 and today 1USD=65 INR.. DID that make people to stop using USD as money? NO!
If you Google you will find that 1Usd =45 INR in 2012 and today 1USD=65 INR.. DID that make people to stop using USD as money? NO!
I don't think that's exactly how it works but in my own research just a reading research the volatility is not a case if we use that as a money because it is a digital currency and it will use to buy a product or a thing just like other company they use their cryptocurrency to buy a thing from them.
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?
Real estate has its own market value but i dont think that fluctuation of bitcoin will affect its value. If you bought a land worth 10K usd when prices of bitcoin is high then it would always be worth 10K if prices of bitcoin is low.What do you think about this argument?
Never think that property will just goes up its value, maybe in a third world country the price will grow that way because the population growing so fast but in developed country with negative population growth? I don't think so.
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?
Yes, when the value of money goes down, the value of the goods goes away. If you buy a house and after 5 years you want to sell it. But the currency is now depreciated, meaning you've lost. Or now you buy bitcoin and 5 after the price increase bitcoin strong you have words compared to the time you bought. What do you think about this argument?
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?
Its true that you cannot really use a currency without a stable price and that is the reason why most of the governments does not really like to use cryptocurrency for their own people its because they cannot control its growth in the market and there are business that might be overwhelmed in the future.
Dude, I’m a little bit confused with this lol. What does he mean that a currency with volatility can’t be used as a currency by any country? Dude WTF! 😏😆 Is there any currency in this world that is not volatile? Every currency in the world are volatile. Take for example dollar to euro can’t maintain the same price forever, they will always fluctuate, either that dollar goes up against euro or it goes down. Such fluctuation is being caused by how much that comes in and out of the country at the moment. I don’t know if this man you mentioned is still a novice or what?
That's what I've been defending since the very beginning. Bitcoin is no longer available as a currency or transfer tool. Now the only thing to do with BitCoin is to take and save it as an investment tool. Deciding how to increase your investments. It is very wrong if you think you can still shop with it.
It is mostly considered as an investment tool that of being used a s a currency in different transaction. Yet, isn't accepted by today as a mode of payment in mostly all existing establishment. It is getting considerable to have a high volatility which could affect the trust from business owners to adopt this form of currency.
That's the use of blockchain and some platform to help new establishment or new businesses or people who just enter the world of crypto, ICO project can help them to adapt on the daily changes of their prices and help them to ignore the volatility that causes the problem not to use it.
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, volatility is so strong that no one seller will can set the prices of their goods or services correctly. They will need to monitor continuously exchange rates, and even then it is not possible to keep savings, too easy to lost it if btc price will go down. What do you think about this argument?
Yes, it is quite as mine opinion, but who knows, maybe as main payment method we would use more stable coin, than Bitcoin, huh
I think we can still use crypto currency as money for our daily needs, we just need to take out fiat, the reason why people say that the price is volatile because there is still an equivalent to fiat, remove it, we have a stable currency. But as of now, we still have to consider fiat, and I agree that there will be a conflict when we used a high volatile asset as currency, since bitcoin is now considered an asset more than currency because of the value, there will be times that both receiving end and sending end will gain more or loose more in terms of converting it to fiat, but without converting it to fiat, the payment in form of crypto currency is correct.
That's what I've been defending since the very beginning. Bitcoin is no longer available as a currency or transfer tool. Now the only thing to do with BitCoin is to take and save it as an investment tool. Deciding how to increase your investments. It is very wrong if you think you can still shop with it.
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