bitcoin cannot replace currency in the world because price is not stable - page 35.

musicmate

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Quote from: facenew111 on July 07, 2017, 01:40:42 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

Bitcoin has major scaling issues which is affecting the price, by the time it get's fixed IMO some other coin will be the standard ( ETH ? ).

Rizky Aditya

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Quote from: Caelanpelley on July 08, 2017, 08:40:08 AM

Quote from: facenew111 on July 07, 2017, 01:40:42 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

You're right, bitcoin can't replace conventional money. If at all any increase or decrease constantly as that will make the market unstable. So bitcoin does not fit.

I agree with you in this regard that bitcoin is not going to completely perish away conventional currencies but it is going to be the leading digital currency. Conventional currencies are needed for lower classes of society because they don’t know much about internet or digital currency.

Caelanpelley

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Quote from: facenew111 on July 07, 2017, 01:40:42 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

You're right, bitcoin can't replace conventional money. If at all any increase or decrease constantly as that will make the market unstable. So bitcoin does not fit.

stompix

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Quote from: facenew111 on July 07, 2017, 01:40:42 AM

currency should be more stable.

You can go to Moscow and start on doing CPR on the guy that has promoted state control and nationalization.
And don't be discouraged that his brain was removed a century ago, it wasn't that much of a brain.

A currency should not be stable just because people say so.
A recency should always reflect the value of that coin and this is established through the free market. Offer and demand.

If it swings that much it only shows how the faith of consumers in bitcoin swings also.

BitcSeo

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☞Yes, bitcoin may not be able to act as a replacement to currencies which has been in existence for about 1000 BC/AC but, it can take people back to their root just like BOB MARLEY stated in one of his song.

Sure we are going back to those day's where there is no currency or only one currency.

Do you still remember trade by barter where the supremacy of any currency depend solely on two people without third-party or govt regulation.

I believe this will help to stabilize some (not all ) of the economic problem.

Thanks

Mpamaegbu

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Quote from: facenew111 on July 07, 2017, 01:40:42 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

Price fluctuation is the greatest distortion Bitcoin has and this is dangerous for it if it were to become a currency. Beyond this, it's kind of difficult for people without knowledge of the Internet to access Bitcoin. Everyone can access currency whether literate or not. This is sadly not the case with Bitcoin.

Warry

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Quote from: facenew111 on July 07, 2017, 01:40:42 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

Basically, its changing of Bitcoin price is one of the reasons that make Bitcoin attractive to investors. And Bitocin price is not the only reason that make Bitcoin not be the world's currency, there are much more reasons than that.

lighpulsar07

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Quote from: facenew111 on July 07, 2017, 01:40:42 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

bitcoin can be stock? i think no. bitcoin is considered as a currency because bitcoin can still do what can a currency do buy things and pay someone and why you guys hoping that bitcoin can replace the fiat? bitcoin can't EVER replace fiat and it needs an internet connection to work so it should be an alternative to fiat because not everyone have the internet or tool e.g. computer , smartphone to use it.

n0ne

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Price factor and all comes next. Governments have different opinion on the legalized usage of bitcoin, so bitcoin won't get used as Japan all around even after years. So if majority of them start using bitcoin the growth will be peaking and replacing of the traditional currency happens.

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Quote from: facenew111 on July 07, 2017, 01:40:42 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

What you are saying is right, bitcoin is still not stable but the chances of it is not an impossible and will not. Bitcoin has a possibility to replace or currency but it will take a long time if does but the chances are high. As we can see in our market price bitcoin is chasing the prices of our currency now and if that does happen or if it goes over more than what we expected bitcoin will really replace it. I believe this because in our generations and our technology is also upgrading over the years and we can't just stay on where we are. Our future and the future of our children is at stake we don't want to be stagnant we want to improve as possible.

magneto

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Quote from: facenew111 on July 07, 2017, 01:40:42 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

Incorrect.

Your flaw is that you're perceiving USD as being the primary value. But it isn't - fiat currency is never the primary value.

It's all psychological, really. If a few merchants are able to accept bitcoin no matter what its value is then naturally stabilize. The problem isn't stability of the coin - it's not enough people using it.

Besides, this upwards volatility benefits the vendors, no? It encourages tthem to take a risk and hold some of that bitcoin that they earned, again as i said will be a positive feedback loop essentially, stabilizing the bitcoin price along the way. Even if bitcoin is really volatile, it still can serve as simply a very cheap payment processor that everyone can transact fiat value with.

hatshepsut93

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Quote from: facenew111 on July 07, 2017, 01:40:42 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

Volatility will easily get fixed with higher volumes and mass adoption, it's the scaling that can't allow Bitcoin to become a widespread currency. Currently Bitcoin is handling 240,000 transactions per day and this is already quite a big load for the network, which causing fees to go up, and for comparison Visa is handling 150,000,000 transactions per day. So, some radical improvements are required that can increase Bitcoins capacity by 1000 times to make it truly a global currency.

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Quote from: facenew111 on July 07, 2017, 01:40:42 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

It is true that for a coin to be considered as a currency, stability of the value is a must. Bitcoin value is currently unstable and sometimes extremely volatile, but bitcoin is just on its infant state. Wait till people starts to adopt and use bitcoin on daily basis. A time might come where we might a stable price with less fluctuation.

talkbitcoin

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Quote from: facenew111 on July 07, 2017, 01:40:42 AM

bitcoin cannot replace currency in the world because price is not stable.

correct. bitcoin is not going to replace anything. it will be used as a currency for those who want a better privacy and a benefit of using a decentralized currency instead of the banks and their centralization and all the privacy hazards that come from it.

Quote

currency should be more stable.

"should" is the wrong word. a currency is better to be more stable but if it wasn't, nothing is going to change about it.

Quote

USD currency price is up and down 1-2% in 1 month.

and how long has USD been around? and how many people are using it?

when bitcoin became as old and as popular as USD its price will also become stable. much more stable.

Quote

what will people think if they just change USD to bitcoin then their money down 10% in 10 minutes?

yes they will and they are doing it as we speak.

Quote

bitcoin can become stock but cannot become currency

bitcoin IS a currency and it IS being used as a currency and it also IS an investment whether you people accept it or not. the world don't care about your or my opinion the word is using bitcoin as a currency too.

SvenBomvolen

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Saying "currency" you mean fiat? Fiat is also not stable if you don't know. On fiat affect many factors as well, mostly it's politic situation inside the country and some other like price for oil. Bitcoin is independent from such things and from inflation too. But bitcoin surly cannot replace fiat, I doubt that any country will take exactly bitcoin as their national currency, but some home-made crypto-currency is really has place to be.

charlescoin

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Quote from: hilariousetc on July 07, 2017, 04:08:51 AM

It might not be stable now but there's no reason why it can't stabilise in the future. Bitcoin is still relatively new and unheard of idea to most of the world so it will likely just be seen as a risky speculative investment for a while yet but that can easily change over time.

Quote from: ranreichman on July 07, 2017, 01:50:26 AM

Bitcoin is a long way from becoming a currency you can live your life in. You also only have 7 transactions a second. But that doesn't mean Bitcoin isn't immensely valuable as a medium-term and long-term store of value

This can and will be changed. Bitcoin can scale to meet the demands of growth (though getting consensus is a different matter).

It will stabilise to a degree but like other assets it will never be completely stable. As for scaling we can be hopefuly segwit, higher block sizes and lightning will help but it remains to be seen if it will actually scale successfully yet.

Reid

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Quote from: facenew111 on July 07, 2017, 01:40:42 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

What if it went up? Then their happy.
This aint a new talk anymore. Threads like this have been made and a lot of opinion have been spilled out.
If it cannot be a currency then what is your opinion with it?
I do think of it as a currency/commodity and it is doing okay.
No need to bold the facts about bitcoin. It will just depend on what you believe in it.

xbiv2

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Quote from: facenew111 on July 07, 2017, 01:40:42 AM

price is not stable.

It mean speculators have not enought bitcoin`s
And it mean price will growup.
https://pastebin.com/ZUxTmR99

https://bitcointalksearch.org/topic/bitcoin-q-and-a-last-and-new-qs-2007635

BCTalkaccountforsale

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Quote from: facenew111 on July 07, 2017, 01:40:42 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

In my opinion, bitcoin will be very long recognized for use as other currencies, but this is very unlikely because bitcoin is not dependent on bank or government, it is difficult to use it.

hilariousetc

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It might not be stable now but there's no reason why it can't stabilise in the future. Bitcoin is still relatively new and unheard of idea to most of the world so it will likely just be seen as a risky speculative investment for a while yet but that can easily change over time.

Quote from: ranreichman on July 07, 2017, 01:50:26 AM

Bitcoin is a long way from becoming a currency you can live your life in. You also only have 7 transactions a second. But that doesn't mean Bitcoin isn't immensely valuable as a medium-term and long-term store of value

This can and will be changed. Bitcoin can scale to meet the demands of growth (though getting consensus is a different matter).

Topic: bitcoin cannot replace currency in the world because price is not stable - page 35. (Read 13359 times)