I dont think btcs can fulfill the double demand. One side is asking it to be used as currency and other as stock. How can it be stable then?
at the present moment, it is not possible for bitcoin to be used as money or governments are not allowing so but still there are many companies and websites that actually accept payments plus donation in the form of bitcoin and bitcoin cash. If have not checked for ethereum or other coins but if believe they are also being used this way. However, it is investors who are not willing to spend their coins at the moment because of high profits these can give. 
Topic: A cryptocurrency with volatility can't be used as money - page 29. (Read 34026 times)
To be quite honest with you, I think that every cryptocurrency has its own volatility level, there is no currency that hasn't or has been clean of volatility, as a matter of fact all currencies are being used as money, it is being spent on, so this is a clear statement that your topic is very wrong.
Thanks for your many answers guys. I got differents ideas wich develop my mind.
I see that crypto has to do a long way until it can be used very easely and without complications.
The second thing I see is that crypto will probably never take the place of fiat. It will certainly be two different systems in the futur. But one won't eat the other one I think.
I see that crypto has to do a long way until it can be used very easely and without complications.
The second thing I see is that crypto will probably never take the place of fiat. It will certainly be two different systems in the futur. But one won't eat the other one I think.
I dont think btcs can fulfill the double demand. One side is asking it to be used as currency and other as stock. How can it be stable then?
All currencies around the world are being used as a currency and as a way to speculate with them, when those currencies were backed by gold there was no point in speculate with them because all the currencies were backed by a certain amount of gold, but now that no longer is the case and every single currency fluctuates depending on other currencies then you can speculate with them and that's how the forex market was born, so what you're saying doesn't make a lot of sense we know the dollar is just a currency and it is used as a way to speculate with other currencies and yet is used all over the world, if bitcoin is widely adopted its volatility will go down and so we will be able to use it as both.
I agree that cryptocurrencies cannot be used as main currency because of its high volatility. But your example is quite insensible. How that makes a difference if you buy you flat for Bitcoin or money. Even if you buy it for Bitcoin, the flat’s value will remain same. It’s the Bitcoin which can increase or decrease in its price. For e.g. if a flat is for $1000 then taking the value of Bitcoin to be $100, you need to pay 10 BTC for it. If value of BTC increases to $1000 then you have to pay 1 BTC for it. You see that value of flat remains the same in terms of dollars. It’s just that now Bitcoin is becoming more expensive. But anyways, the facts remains true that Bitcoin can never acts as prime 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?
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?
Volatility is the major complain governments are having again bitcoin outside scamming activities! Price has to be stable if governments who is the major player can adopt cryptocurrencies. Many people have said good things about cryptocurrencies but the reason why they could not used it is because of the volatility.
Being of volatility is a good to do trading but to be a money like buying foods, clothe or car are not.
CryptoCurrency is the most attractive putting an investment to gain more profits.
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 i agree with this opinion. Electronic money can not replace cash. If one day the electronic money goes up and the price of the product increases. That is not fair to everyoneWhat 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?
Yes its trus and reasonable actually, i just think that when the bitcoin and altcoin are widespreaded, thats the time where the fluctuation will decrease. What do you think about this argument?
I seem no point against it to take it into debate. Thats totally true.
Volatility is the major complain governments are having again bitcoin outside scamming activities! Price has to be stable if governments who is the major player can adopt cryptocurrencies. Many people have said good things about cryptocurrencies but the reason why they could not used it is because of the volatility.
Yes I think so, it's difficult to used bitcoin for daily life because to use bitcoin is not as easy as to use fiat. We can use fiat everywhere and everytime but we can't use bitcoin everywhere like fiat especially in the regional without internet access because in my country there are still many areas that can not access the internet
Government regulation, security, lack of application scenarios, availability, fraudulent refunds and other factors also hinder the use of cryptocurrency. Only if these issues are resolved will the cryptocurrency really move to a wider range of ordinary users and payment scenarios.
In the long run, the rapid development of the mobile payment market will provide more application scenarios for cryptocurrencies such as bitcoin.
Yes, but not use for daily basic needs. We can be used bitcoin as a payment through an internet across the whole world but when it comes to daily usage we could not. Just like here in forum bitcoin signature campaign participants will receive bitcoin as a payment so it is also used by others by paying bills.In the long run, the rapid development of the mobile payment market will provide more application scenarios for cryptocurrencies such as bitcoin.
Time to time, this technology will priority used by people because of handy and secure to all users, unlike fiat.
Government regulation, security, lack of application scenarios, availability, fraudulent refunds and other factors also hinder the use of cryptocurrency. Only if these issues are resolved will the cryptocurrency really move to a wider range of ordinary users and payment scenarios.
In the long run, the rapid development of the mobile payment market will provide more application scenarios for cryptocurrencies such as bitcoin.
In the long run, the rapid development of the mobile payment market will provide more application scenarios for cryptocurrencies such as bitcoin.
For a regular basis money then cryptocurrency cannot be used as money but if you are just using bitcoin for making big purchases like buying a house, car or an item then it is still good for you to use cryptocurrency because they are safer and they are faster and more convenient to use in making payments unlike the fiat 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 is true, The crypto currency with volatility cannt be used as money. The price must stable, the demand and supply is more balance.
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?
I totally agree with this article, it could be very hard for a currency like cryptocurrency specially bitcoin that having a high volatility to become a money. Because of its uncontrolled market value, that even the government can't control of 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?
What do you think about this argument?
Actually it cant be really used just like the normal fiat of a country because the market is volatile but still other online stores are still allowing it due to the price in the market that is very profitable.
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?
I totally agree with this article, it could be very hard for a currency like cryptocurrency specially bitcoin that having a high volatility to become a money. Because of its uncontrolled market value, that even the government can't control of it.
Encryption currency can be used for investment, but its function as a medium of exchange is limited, the inherent instability makes the value stored and the role of the unit of account still exists leakage, it is difficult to replace legal tender!
Without price stability, cryptocurrencies could be difficult to achieve widespread and widespread adoption.
Without price stability, cryptocurrencies could be difficult to achieve widespread and widespread adoption.
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