I agree 100%, i think twice before spending Bitcoin because i think it's price will go up lol
Yes , it can't be a currency. It's just like an investment. And when you pay people with Bitcoin, it's just like when someone worked for you, instead of paying cash you pay them with a raw material they can profit much from. Bitcoin is meant for you to invest your currency and let it grow. 
Topic: bitcoin cannot replace currency in the world because price is not stable - page 28. (Read 13359 times)
August 07, 2017, 06:13:28 PM
August 07, 2017, 06:02:34 AM
I don't understand why people are thinking bitcoin will replace the currency int the world when bitcoin is still very young and it has a long way to go. It has to prove its existence compared to those currency that has been here for a long long time.
August 07, 2017, 06:00:28 AM
Bitcoin still in a very earlier stage. It's early to talk about as global currency.
We don't know what's going to happen after 20 yrs or more.
For now it's sufficient to see bitcoin community growing.
We don't know what's going to happen after 20 yrs or more.
For now it's sufficient to see bitcoin community growing.
August 07, 2017, 05:45:51 AM
Bitcoin is becoming an International parallel currency now. More and more people are relying on Bitcoin related jobs for their living and more and more people are converting some of their FIAT currency to Bitcoin. Some countries now have made it legal tender also and I believe we are in the advent of the digital currency revolution. Maybe in 50 years from now paper currency as we know it today will be a thing of the past.
I agree with your argument that in 50 years which is a long time for bitcoin to achieve the stability with other development that it would have witnessed between now and the next 50 years and for that reason, I believe its possible for bitcoin to replace the Fiat and for those pessimistic, I believe you would have done same thing if someone would have suggested that bitcoin would reach this feat, you would equally have said no but its happening in our very own eyes.
August 07, 2017, 05:45:10 AM
You do have a point about bitcoin cannot become currency. Well like what you stated, bitcoin do not have a stable price and like what you said it is like dollars and other currency. So therefore, bitcoin can become a currency. I think it is not about the price stability but the user of that currency. Or if the government will acquire or adopt bitcoin as currency then it can become a currency. And if through votes then for sure bitcoin will win as there were many patronized bitcoin as of this date.
You have the point - I forgot who was the US President who declares dollars as a currency already he's main thought was that the dollar is no longer have a fixed value but will keep on changing and be affected by inflation. With bitcoin, we see the elements but it is not yet officially declared as currency but it is acting one at the moment already.
August 07, 2017, 05:36:41 AM
You do have a point about bitcoin cannot become currency. Well like what you stated, bitcoin do not have a stable price and like what you said it is like dollars and other currency. So therefore, bitcoin can become a currency. I think it is not about the price stability but the user of that currency. Or if the government will acquire or adopt bitcoin as currency then it can become a currency. And if through votes then for sure bitcoin will win as there were many patronized bitcoin as of this date.
August 07, 2017, 05:30:28 AM
Bitcoin is becoming an International parallel currency now. More and more people are relying on Bitcoin related jobs for their living and more and more people are converting some of their FIAT currency to Bitcoin. Some countries now have made it legal tender also and I believe we are in the advent of the digital currency revolution. Maybe in 50 years from now paper currency as we know it today will be a thing of the past.
August 07, 2017, 05:15:36 AM
Bitcoin can not replace the usual currency, not only because of the unstable price, but also because of too long passage of transactions and the inability to make transactions without the Internet.
August 07, 2017, 05:03:14 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
Yes, It is true for now bitcoin is not that stable compare to the dollar. Though at the present time now bitcoin is well known in different countries whether Asian country, US, Canada, and others. Bitcoin is already a currency even it is not a physical touch but can be converted into a real currency so how come that bitcoin is not a currency. Are you kidding me mate
and the very reason why bitcoin is already considered as a currency is due to the fact that its value keeps moving just like a current - it has no fixed value. However, due to its volatility, cryptocurrency traders are capitalizing on it and earning big profits out of their winning trades.
August 07, 2017, 04:23:19 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
Yes, It is true for now bitcoin is not that stable compare to the dollar. Though at the present time now bitcoin is well known in different countries whether Asian country, US, Canada, and others. Bitcoin is already a currency even it is not a physical touch but can be converted into a real currency so how come that bitcoin is not a currency. Are you kidding me mate
August 07, 2017, 12:58:59 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
Yes, It is true for now bitcoin is not that stable compare to the dollar. Though at the present time now bitcoin is well known in different countries whether Asian country, US, Canada, and others. Bitcoin is already a currency even it is not a physical touch but can be converted into a real currency so how come that bitcoin is not a currency. Are you kidding me mate
August 06, 2017, 11:52:21 PM
Everyone does not yet have the tools to use bitcoin, so bitcoin can not change the world's currency will create a new problem, let bitcoin only requires internet connection only to make transactions.
August 06, 2017, 10:13:51 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
Bitcoin is made to be a global currency and not as stock.
Why is bitcoin so volatile?
Because bitcoin is in a very VERY young stage. The system isn't final yet. There are lots of updates to be made in the future that can determine if bitcoin will continue to be the de-facto of cryptocurrencies or not. Not to mention that we haven't achieved global adoption yet.
The USD has been around since forever. So common sense should tell you that it will be stable compared to crypto that hasn't even been around for more than a decade yet.
Do your own research.
I seem to agree bitcoin will become a global currency. It takes time, however. No one can say what is guaranteed and what's not. The success of bitcoin depends on various factors such number of investors, efficiency of its mining team, progress of its programming flowcharts etc. therefore; it's hard to predict what the future holds. Bitcoin proves itself as the frontrunner of cryptocurrency but it isn't enough until it becomes a global currency, and every one starts to use it every day.
August 06, 2017, 09:51:52 PM
bitcoin is a decentralized peer-to-peer payment network. I think bitcoin almost lost its function because users prefer to hold it in the form of investment caused by the fluctuation. the absence of government control will make bitcoin difficult to replace fiat.
Yes I agree, as long as no official state uses bitcoin, then bitcoin will continue like this, never stable and like a roller coaster, a day can go up and down tens of percent, it all depends on the market, feel lucky then they will sell and vice versa. August 06, 2017, 09:44:12 PM
Your view of bitcoin is true, too, that bitcoin can not be the world currency because its price is not as stable. Bitcoin is used for people doing business in bitcoin, by investing their money and making a profit.
August 06, 2017, 09:31:16 PM
Bitcoin is only stable when it reaches the limit.
August 06, 2017, 06:32:52 PM
bitcoin is a decentralized peer-to-peer payment network. I think bitcoin almost lost its function because users prefer to hold it in the form of investment caused by the fluctuation. the absence of government control will make bitcoin difficult to replace fiat.
August 06, 2017, 02:45:07 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 can't imagine if bitcoin became a currency and widely used by people as payment method daily. The price of stuffs we will buy can be changed from time to time and that will make our life even harder.
August 06, 2017, 01:55:01 PM
Even when the price of bitcoin will stable in coming years it will not replace any currency at all. Because it was not intended for that purpose at the first place.
i don't even think that its price will going to be stable in coming years.i am following it from almost 2 to 3 years and over the years i have seen that price is keep of fluctuating and there is not any time or interval of time that i have seen its price to be stable for even a week or a day. you don't even guess its price for next hour. so, predicting it to be stable in next comming years is not even understandable.
August 06, 2017, 12:49:20 PM
Volatility is just one of the reasons why bitcoin can't replace the fiat. It's not that governments maybe wouldn't like to incorporate bitcoin in finances but that is.impossibe because the number of bitcoin limited, it's decentralized system without control and on bitcoin just can't be built stable financial system that could exist without huge difficulties.
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