Topic: bitcoin cannot replace currency in the world because price is not stable - page 4. (Read 13345 times)
February 28, 2018, 11:10:12 PM
Exactly what I've been thinking. You never know how much your bitcoin is going t be worth tomorrow, next week or month.I do not know what are you saying, bitcoin itself is a currency, but just a digital currency where there are no physical coin and a decentralised currency.
February 28, 2018, 11:08:12 PM
Bitcoin will never be a currency because the price is changing and there is a big delay for the transactions. Right now we can't get there because we haven't scaled the blocksize as was intended.
February 28, 2018, 11:06:47 PM
On fiat affect many factors as well, mostly it's politic situation inside the country and some other like price for oil. 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.
February 28, 2018, 11:03:51 PM
You have a point with that openion but i think that was only not stable today because there are some fiat currency out there but i think if all arounf the world accept only bitcoin then the price of bitcoin will be stable.
February 28, 2018, 10:45:02 PM
Bitcoin will not replace the current currencies, it will only be a much better option for the seller, since its value and security will be very desired in the market.
February 28, 2018, 10:41:35 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 agree. Bitcoin can never replace the world currency. Because Bitcoin itself still many shortcomings compared with real currency. The unstable price is a consideration why Bitcoin cannot replace the world currency. Because I think Bitcoin is only suitable as an investment asset not as a 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
February 28, 2018, 10:40:02 PM
Bitcoin can't be international's currency in as early as what many assume. And there is no warranty that it is able to update greenback soon. Bitcoin doesn't capable of take care of nicely its cost. You said that usd rate goes up and down as well as bitcoin, however they don't the same percent on how excessive will it rise and how low will it fall. consider, if bitcoin replaces dollar nowadays, you have got your bitcoin, then all of sudden its fee is going down, will you compromise in case your bitcoin will reduce its cost with a large percent? sure dollar modifications its value, however in a completely small percentage wherein it does no longer provide a very large impact. unlike bitcoin, if its value is going up, you may be wealthy, however if it is going down, you may lose.
February 28, 2018, 10:35:18 PM
That's clear. Bitcoin can not replace the currency, in the world. Because, not everyone has the tools to use Bitcoin. As we know, Bitcoin need a internet connection.
You are right. Yet, bitcoin can change significant changes in the world's currency. It is getting momentum due to its technology and decentralized nature. People will use bitcoin more due to its demand and their necessity I think. February 28, 2018, 10:30:12 PM
I guess this statement definitely has a point. I mean how could we leave our faith and trust on bitcoin becoming the world's currency if it's value continues to be volatile and not be stable. On the other hand, there is a chance that it would become stable if it is the only working currency that we all have in this world.
February 28, 2018, 09:50:20 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
It is true, until when bitcoin can not replace the world's currency because bitcoin is very unstable. Bitcoin is only suitable for digital assets and traders use as their profit speculation. 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
February 28, 2018, 08:52:30 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
it is true that this bitcoin can not replace the currency, because I think the bitcoin is an asset, trade, just a place. If this is made as a real currency this will make everyone go bankrupt. 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
February 28, 2018, 08:34:53 PM
Nobody is saying about replacement. I think that all financial operations will move in the digital world one day. Countries will create the analogue of their fiat as crypto. So paper and physical money will go in the history simply.
February 28, 2018, 07:55:43 PM
I agree. Stability is needed in order for bitcoin to be considered as a currency. I never think of bitcoin as a currency. I always think that bitcoin is an investment and there will always be risk. There are a lot of people who fantasize about bitcoin being a currency, it will never happen unless bitcoin will turn into cash, not your currency, but a cash who represent bitcoin.
February 28, 2018, 07:42:26 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
Nobody can stll predict what the future holds. Anything is possible right now specially when the time comes that bitcoin gets legalized in the whole world already. If people would keep on patronizing bitcoin, there's a big chance that it would replace fiat money in no time and dominate all of them while making all of our lives more convenient as time passes by. 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
February 28, 2018, 07:41:55 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
Unfortunately yes, bitcoin couldn't serve it's intended purpose to be the official currency of the internet because of high volatility rates that bring about a huge amount pf value fluctuations.this doesn't only hurt the chance for bitcoin to become what it is intended to but also the value of bitcoin. A huge amount of price drops over the course of bitcoin's existence could be credited to thid huge pain in the neck. 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
February 28, 2018, 07:39:48 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
Actually, bitcoin has all the capabilities on replacing our present currencies considering the fact that it has a lot of good features which makes it more attractive and it can even give great convenience for everyone compared to our present currencies. If only it is legal worldwide, it will surely dominate and take over the world as it becomes the currency we will be using. 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
February 28, 2018, 07:30:20 PM
bitcoin is not a government-regulated currency
that's why the bitcoin price is unstable
peoples must convert their bitcoin into local currency to buy something on their country
because not many stores accept bitcoin as payment
that's why the bitcoin price is unstable
peoples must convert their bitcoin into local currency to buy something on their country
because not many stores accept bitcoin as payment
February 28, 2018, 06:46:47 PM
No currencies have a stable value, USD, for example, is always changing in value - mostly downwards. But because 1 USD will also be worth 1 USD tomorrow, people don't notice this. Bitcoin is however very volatile and wouldn't be suitable as a currency atm. If bitcoin and other cryptocurrencies really do become truly mainstream then the same logic applies, 1 bitcoin = 1 bitcoin tomorrow, no matter what. The USD is just not swinging in value fast enough for people to notice in their everyday life, only when looking years back noticing everything has become 40% more expensive in the last 10 years
People know of currency for what it is visibly. A dollar bill is a dollar bill, they don't notice the price of their dollar bill appreciating or depreciating. They can notice it when they purchase things in the stores within the area. 
February 28, 2018, 06:41:14 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
Sadly but true. Bitcoin is very unstable that although it is classified as a currency it couldn't serve the purpose. There are numerous reasons as to why bitcoin's value is very unstable. Most of which is caused by bitcoin's high volatility rate. Which causes a lot if value fluctuations that makes bitcoin's value fairly unstable. Another is the oftentimes unmet demands for bitcoin which dramatically increases the price but only for a while. 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
February 28, 2018, 06:05:36 PM
I believe that with the passage of time bitcoin will be able to become a real currency and its price will be stable. This will happen approximately when all bitcoins will be mined.
Bitcoin cannot replace currencyin the world not just because of price fluctuations. The different currency that we have right now is powerful; it cannot be replaced in just a blast; Bitcoin can be a currency but it cannot replace the currency in the world. Jump to: