Topic: Bitcoin as money - page 10. (Read 1140 times)
indeed bitcoin is the future of money, but if used as a purchase transaction I think less effective gan. considering the bitcoin price is not as stable (fluctuativ), every second is always changing. because it is impossible for a sale of goods to change its price every second
Bitcoin as money? It's possible, seeing as many people have been using bitcoin for the means of transacting in the sense of the type of payment with bitcoin, I have a question, whether bitcoin can replace currencies in some countries?
They say that bitcoin is the future of money. What do you think if we use bitcoin in everyday lives as a money? Like buying foods. Or buying clothes. Do you imagine it positively or negatively?
Without lightning network bitcoin is digital gold. When devs implements ln then may be. But now bitcoin is too slowtoo slow when we talk to send it to other wallet but regarding the changing price bitcoin is high volatile na dnot like gold which has low volatile. the advantage of gold is gold mostly move like bullish trend and the price mostly higher.
They say that bitcoin is the future of money. What do you think if we use bitcoin in everyday lives as a money? Like buying foods. Or buying clothes. Do you imagine it positively or negatively?
I would feel the hassle to pay the fee
also BTC transaction speed is now not so good, even the user charged a fee of 20 USD to get the fastest transaction speed
very annoying if we want to buy a burger at a price of 5 USD, but spend a fee of 20 USD to pay BTC miner
Crypto market rapidly changes nowadays, so it's really hard to predict something for it.
But at the moment Bitcoin and altcoins behave mainly like crypto-assets, not actually like cryptocurrencies, as we are used to call them.
May be later, some coins will be integrated with real currencies, but for now crypto more and more reminds assets like stock shares, derivatives and even debentures.
But at the moment Bitcoin and altcoins behave mainly like crypto-assets, not actually like cryptocurrencies, as we are used to call them.
May be later, some coins will be integrated with real currencies, but for now crypto more and more reminds assets like stock shares, derivatives and even debentures.
I personally do not see the reasons why bitcoin can not be the same average payment as ordinary money. The only downside is the instability of the course.
And what about high fees, low transactions?:)You should know about it, if you`re here
How would you pay for your coffee, if it costs 3$ for example, and fee is 2-4$ for now?I think it`s quite difficult:)
So BTC can be like gold in future economy, or we really need Lightning network in bitcoin blockchain
Cryptocurrency is very convenient, anywhere in the world you can pay for anything just by carrying a mobile phone or a device to pay for cryptocurrency.
They say that bitcoin is the future of money. What do you think if we use bitcoin in everyday lives as a money? Like buying foods. Or buying clothes. Do you imagine it positively or negatively?
Bitcoin can't replace money for a daily transaction in every country. All countries in the world have money as their payment for a transaction. I think bitcoin or cryptocurrencies can be an alternate way for people to invest, and alternate payment for everyone who accepted that. But we must ready with the risk
I personally do not see the reasons why bitcoin can not be the same average payment as ordinary money. The only downside is the instability of the course.
In our everyday life it already happens all day. Imagine when you buy food you pay with a credit card or debit card so even if we use btc it will be something like that but a different version of it.
The introduction of bitcoin as a payment system will certainly become a breakthrough. If you reduce the commission then there would be no problems at all. So far, you can only mourn for something very expensive. Like cars and apartments. But I hope that in the near future bitcoin will replace money
They say that bitcoin is the future of money. What do you think if we use bitcoin in everyday lives as a money? Like buying foods. Or buying clothes. Do you imagine it positively or negatively?
The main function of digital coins is the function of the means of payment, that is, the fulfillment of the function of money. To do this, it is necessary that bitcoins be accepted for payment so that bitcoin transactions pass quickly and commission fees for conducting transactions are acceptable. Until recently, because of the shortcomings of bitcoin, this function was not fully implemented, because bitcoin transactions were hanging and commission fees were too high. However, since February 26, a new version of Bitcoin 0.16.0 has been released, which should eliminate these drawbacks of bitcoin and it should perform well as a means of payment. In the near future, we will see the results of this improvement.
yes, bitcoin is virtual money, and money is high-tech future.
for now if indeed we get this bitcoin we must redeem first, or we sell to get the money used and legitimate in our respective countries, but for the future later, I am sure, if this bitcoin will be a legitimate money also to finance our daily life later.
for now if indeed we get this bitcoin we must redeem first, or we sell to get the money used and legitimate in our respective countries, but for the future later, I am sure, if this bitcoin will be a legitimate money also to finance our daily life later.
Far too valuable to use it as money right now plus with all its technological limitation, it's hard to tell if it's even possible. But if it is used as money, and assuming that would work, then i think it would be good because we will no longer need banks to facilitate major transactions. But what concerns me is how it would affect the value of items. Since unlike fiat, there are only a number of bitcoin that would circulate and there is a reason why we abandoned the gold standard long ago -- it cant support our need.
Of course, you should not take bitcoin only as a way to store money. This is also a very convenient currency, but unfortunately, we can not appreciate it, because it is as the currency bitcoin has not yet become widespread.
They say that bitcoin is the future of money. What do you think if we use bitcoin in everyday lives as a money? Like buying foods. Or buying clothes. Do you imagine it positively or negatively?
If Bitcoin is on the market, 1BTC can buy a lot of things from clothing to life items. If Bitcoin develops better in the future, more countries will accept Bitcoins and Be Being marketed as a coin that can use universally is a sure thing.
I'm looking forward to being able to pay with bitcoin in my country, but until it's officially recognized, I'll have to wait...
I believe that it is too early to talk about it and bitcoin has not developed enough as a currency. It has absolutely no place to spend in my city, for example. Therefore, for me, bitcoin is just an investment.
bitcoin is a good form of money and if we look at the nature so it is very soft and valuable currency of the world as we all know that it is highly volatile currency as well but if we look at the popularity graph that is also improving time to time and in the modern era bitcoin will be used by many big businesses soon so for now it is important to earn and hold this currency because it will more precious in the future and we will not get this in the future so it is good to hold our crypto money.
the main question is that the crypto currency isn`t stable so it can lose the price very fast, that is a pshycological moment and many people can`t accept this fact to use Bitcoins for buying food
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