Topic: bitcoin cannot replace currency in the world because price is not stable - page 14. (Read 13345 times)
November 04, 2017, 08:25:15 AM
Its still new,many countries dnt even knw what it is.so give it a little bit time.maybe in the future we will find a stable one.think positively
November 04, 2017, 08:18:29 AM
Bitcoin price can go up 100% or down to half in few days or less. For this reason it can't replace usual currency because a currency is supposed to be more stable to better evaluate any product in the market.
November 04, 2017, 08:09:03 AM
The reason for this is very simple. Bitcoin is still relatively new, it's not fiat and is measured in fiat. When Bitcoin is more widely adopted, the price will be more stable but it will never be stable when you keep looking at its value based on fiat. When Bitcoin becomes fiat, which could happen in 20 years' time, everything will be priced in satoshis and you won't think its value is unstable.
November 04, 2017, 07:54:32 AM
Bitcoin is still in its infancy, so the value of Bitcoin has not been set and is not yet stable enough, but Bitcoin is a stable currency when Bitcoin is mature. 
November 04, 2017, 07:22:19 AM
I agree with you. This is why we need a stable one. Also this stability should be supported by math.
November 04, 2017, 07:13:37 AM
Why do we go to extremes, we want to completely exclude something. These processes should occur naturally. If there is a replacement for someone or something, this will happen. And this will be the decision of the community's market
I agree, I think that fiat money and cryptos can coexist peacefully for the benefits of all people around the world. )
IMO Bitcoin can replace fiat currency but it isn't necessary right now because both are useful. Right now the goal for Bitcoin is to be used as much as fiat by most people. That's what Bitcoin can achieve in the next several years. The replacement, if we need one in the first place, can happen only in the far future.
November 03, 2017, 05:28:39 AM
Why do we go to extremes, we want to completely exclude something. These processes should occur naturally. If there is a replacement for someone or something, this will happen. And this will be the decision of the community's market
November 03, 2017, 12:40:35 AM
Currency of any country reflects stability of economy.
Worlds popular currencies moves 1 to 2 % every year.
These currencies are centralised in nature they have some solid base of gold etc.
Their supply can be regulated by the respective governments.
These governments can manipulate these currencies.
Bitcoin as a decentralised currency depends solely on the demand and supply created by its traders so high volatility is obvious in its nature. Due to its decentralised nature no one can manipulate or control it.
So bitcoin is quiet good as a digital currency or as a medium of investment but it cannot replace world currency. The comparison of it with USD and other currencies in not worth.
Worlds popular currencies moves 1 to 2 % every year.
These currencies are centralised in nature they have some solid base of gold etc.
Their supply can be regulated by the respective governments.
These governments can manipulate these currencies.
Bitcoin as a decentralised currency depends solely on the demand and supply created by its traders so high volatility is obvious in its nature. Due to its decentralised nature no one can manipulate or control it.
So bitcoin is quiet good as a digital currency or as a medium of investment but it cannot replace world currency. The comparison of it with USD and other currencies in not worth.
November 02, 2017, 11:41:05 PM
Bitcoin is not a globally accepted currency. Many countries are not accepting bitcoin. It is still young. Bitcoin may become a global currency but I'm not sure will that make bitcoin replace all other currencies in the world.
November 02, 2017, 11:34:29 PM
bitcoin cannot replace currency in the world because price is not stable.
currency should be more stable.
you may reply me. currency is not stable also but you should think
USD currency price is up and down 1-2% in 1 month.
bitcoin price is up and down 20% in 1 month.
what will people think if they just change USD to bitcoin then their money down 10% in 10 minutes?
bitcoin can become stock but cannot become currency
currency should be more stable.
you may reply me. currency is not stable also but you should think
USD currency price is up and down 1-2% in 1 month.
bitcoin price is up and down 20% in 1 month.
what will people think if they just change USD to bitcoin then their money down 10% in 10 minutes?
bitcoin can become stock but cannot become currency
Nothing is impossible and we can't know for certain how things will unfold after bitcoin reach its capped and highest possible value. But I agree that bitcoin cannot be considered as a currency right now and is not stable maybe because of the active market today due to its very high value.
November 02, 2017, 11:30:58 PM
true but who knows someday, I guess currency still the best because it is backed up by many countries and governments will do their best to keep their currency , and bitcoin are you sure gonna keep it when bitcoin dumping so low and crashing I guess not, so stable price is the key of economic works. CMIIW
November 02, 2017, 10:55:13 PM
government still let not just because bitcoin price is not unstable but also many reasons like the bitcoin is anonymous so the overnment can not trace to control bitcoin, that makes harder for the government, second, many people dont know about bitcoin affraid bitcoin will destroy their entire economy so they dont allow bitcoin to popularize.
Yes, I agree with you. Maybe some countries in the world will accept Bitcoin like a kind of currency. But I don't think governments let Bitcoin replace cash or normal money.
November 02, 2017, 10:40:56 PM
government still let not just because bitcoin price is not unstable but also many reasons like the bitcoin is anonymous so the overnment can not trace to control bitcoin, that makes harder for the government, second, many people dont know about bitcoin affraid bitcoin will destroy their entire economy so they dont allow bitcoin to popularize.
November 02, 2017, 10:29:35 PM
its not just the instability of the price, its also the fact that fiats arent anything like bitcoin. like literal opposites, bitcoin is cashless while fiats are physical. physical money, in the real world, cash is ultimately more convenient than bitcoin, or any digital currency. fees come into play; you can transact cash with no fees, simply hand someone some cash and receive your product. sure, its impossible to order a cellphone from china with cash off of the internet. ive tried sticking money in the vent holes but it doesnt work 
but how often do people really order things outside of their economies? more and more in this global age, but the overwhelming majority of transactions take place within 25 miles of your home.
it can function as a currency, but this behaves like a penny stock. from hell.
but how often do people really order things outside of their economies? more and more in this global age, but the overwhelming majority of transactions take place within 25 miles of your home.it can function as a currency, but this behaves like a penny stock. from hell.
November 02, 2017, 10:19:31 PM
bitcoin cannot replace currency in the world because price is not stable.
currency should be more stable.
you may reply me. currency is not stable also but you should think
USD currency price is up and down 1-2% in 1 month.
bitcoin price is up and down 20% in 1 month.
what will people think if they just change USD to bitcoin then their money down 10% in 10 minutes?
bitcoin can become stock but cannot become currency
Yes , this is the truth that bitcoin can't replace the fiat currency Because both of them are having another another quality and advantages at thier own place .currency should be more stable.
you may reply me. currency is not stable also but you should think
USD currency price is up and down 1-2% in 1 month.
bitcoin price is up and down 20% in 1 month.
what will people think if they just change USD to bitcoin then their money down 10% in 10 minutes?
bitcoin can become stock but cannot become currency
Here we can see in the bitcoin we have much flcutuations but in case of the fiat we have the much stability .
Here we have fiat and currency both seperate Because we have profit with these two , innown ways .
With bitcoin we are making money and if the market of the bitcoin going down then with the help of the fiat currency we can maintain our
Loss and profit easily with stability .
November 02, 2017, 10:14:57 PM
bitcoin cannot replace currency in the world because price is not stable.
currency should be more stable.
you may reply me. currency is not stable also but you should think
USD currency price is up and down 1-2% in 1 month.
bitcoin price is up and down 20% in 1 month.
what will people think if they just change USD to bitcoin then their money down 10% in 10 minutes?
bitcoin can become stock but cannot become currency
currency should be more stable.
you may reply me. currency is not stable also but you should think
USD currency price is up and down 1-2% in 1 month.
bitcoin price is up and down 20% in 1 month.
what will people think if they just change USD to bitcoin then their money down 10% in 10 minutes?
bitcoin can become stock but cannot become currency
I think you're right that bitcoin cannot be a currency. What it can be is an online mode of payment that is private and secure. It is also good as an investment. With these traits, I don't know why we would ever want to change it to a currency.
November 02, 2017, 10:02:25 PM
I believe that bitcoin someday will become currency but not that it will replace fiat currency, remember the banks wants to control what currency in order to have control to the world. Bitcoin cannot be controled by the banks because there are lots of wallet that can be used for bitcoin without having trabsactions to the bank.
Precisely. Although I believe that bitcoin is already a currency because of the fact that its price keeps on changing from time to time. That is really the real meaning of currency - its value keeps on changing unlike before fiat money was not yet called currency when its value is fixed.
November 02, 2017, 06:43:35 AM
bitcoin cannot replace currency in the world because price is not stable.
currency should be more stable.
you may reply me. currency is not stable also but you should think
USD currency price is up and down 1-2% in 1 month.
bitcoin price is up and down 20% in 1 month.
what will people think if they just change USD to bitcoin then their money down 10% in 10 minutes?
bitcoin can become stock but cannot become currency
currency should be more stable.
you may reply me. currency is not stable also but you should think
USD currency price is up and down 1-2% in 1 month.
bitcoin price is up and down 20% in 1 month.
what will people think if they just change USD to bitcoin then their money down 10% in 10 minutes?
bitcoin can become stock but cannot become currency
If bitcoin was to replace fiat money as a whole, it has to be stable first in order to achieve this. If doesn't stabilize the way it should be, then it wouldn't be a viable candidate to replace fiat money. Fiats are stable that's why it's an ideal currency barter with stores. Bitcoins, on the other hand, is so unstable that at some point, prices go up drastically and goes down drastically as well.
October 31, 2017, 05:30:52 PM
I believe that bitcoin someday will become currency but not that it will replace fiat currency, remember the banks wants to control what currency in order to have control to the world. Bitcoin cannot be controled by the banks because there are lots of wallet that can be used for bitcoin without having trabsactions to the bank.
October 31, 2017, 01:01:02 PM
bitcoin cannot replace currency in the world because price is not stable.
currency should be more stable.
you may reply me. currency is not stable also but you should think
USD currency price is up and down 1-2% in 1 month.
bitcoin price is up and down 20% in 1 month.
what will people think if they just change USD to bitcoin then their money down 10% in 10 minutes?
bitcoin can become stock but cannot become currency
Yes i think you're right becausee the value of bitcoin is not stable it changing every second day month and year but if you see the value of bitcoin it's to high so it's good to invest or hold it and wait until it bump up to $100000 i believe in bitcoin that in future this is our currency.currency should be more stable.
you may reply me. currency is not stable also but you should think
USD currency price is up and down 1-2% in 1 month.
bitcoin price is up and down 20% in 1 month.
what will people think if they just change USD to bitcoin then their money down 10% in 10 minutes?
bitcoin can become stock but cannot become currency
For some people, you and me included, Bitcoin is our currency already because we receive payment in BTC. We never know whether it will be higher or lower in USD when the time for the next payment comes, but we are agreed to that uncertainty and we don't ask to pay us in USD because for some reasons we know BTC is better. If other people will agree to deal with the uncertainty too Bitcoin will become currency for them too. Certainty about the future and stability of fiat currencies are illusions in the grand scheme of things, so why not to use Bitcoin then?
Jump to: