I think bitcoin can continue drive progress more years even it has no legal acceptance.
Topic: Bitcoin too volatile for payment, but what is the problem ? (Read 553 times)
I read some criticism around Bitcoin, because is too volatile, but this is the reason for the success of this crypto ( and others), imo
Also, why do you need a stable coin ? If you can't pay with Bitcoin for you coffe, who cares ? I mean, it is just like gold, you don't walk around paying with gold, but you know it has value.
I just can't see a clear disadvantage on being too volatile, something that could make ppl loose interest on Bitcoin. I would like to hear opinions on that.
Also, why do you need a stable coin ? If you can't pay with Bitcoin for you coffe, who cares ? I mean, it is just like gold, you don't walk around paying with gold, but you know it has value.
I just can't see a clear disadvantage on being too volatile, something that could make ppl loose interest on Bitcoin. I would like to hear opinions on that.
For currency of course we need a stable coin. Can you imagine the price of your coffee changes before you even drink it? Are you okay if the price of your ordered meal changes when you are going to pay?
of course the volatility is one of the factors that have great influence inacceptability of the coin for making payment. and this is actually limiting some great merchant and ecommerce from accepting crypto for payment but however, It does not stop them also from making crypto as part of the payment. volatility has its pros as well the most important thing is how are the crypto recieved by merchant being managed. when i sell crypto for local exchange, they pay based on the price of the coin at the point they want to send my payment.
When Bitcoin is volatile i think you should invest more bitcoins because surely bitcoin price will increase again after a few months so profit will come for you this is one my strategy in holding altcoins.
I read some criticism around Bitcoin, because is too volatile, but this is the reason for the success of this crypto ( and others), imo
Also, why do you need a stable coin ? If you can't pay with Bitcoin for you coffe, who cares ? I mean, it is just like gold, you don't walk around paying with gold, but you know it has value.
I just can't see a clear disadvantage on being too volatile, something that could make ppl loose interest on Bitcoin. I would like to hear opinions on that.
Stability of value is one of the absolute conditions that must be owned by a currency as a payment instrument, and that characteristic is not owned by bitcoin. Some merchants will worry about this because the price changes are very uncertain, just imagine if the price of a currency changes every hour, for example you can buy a sports car at that time then an hour later the price drops dramatically and is only equivalent to the price of a van Of course this will be very detrimental to the merchant. Also, why do you need a stable coin ? If you can't pay with Bitcoin for you coffe, who cares ? I mean, it is just like gold, you don't walk around paying with gold, but you know it has value.
I just can't see a clear disadvantage on being too volatile, something that could make ppl loose interest on Bitcoin. I would like to hear opinions on that.
Bitcoin and Cryptocurrency are volatile in my opinion. For now, bitcoin cannot be used as the main payment gateway as the price is very volatile. The price must be stable in order for it to be used for payments
The year from its very beginning had set hopes for the community and people had bought in the hope for making profits in the short run. But what happened was quite opposite of what was expected.
if the bitcoin is legal and used transactions by all the world's people, I think the bitcoin fluctuations will be easy to control.
today we feel the fluctuations are not normal, because bitcoin has no legality and has no clear regulation, at least bitcoin regulation can make it a little easier to control.
today we feel the fluctuations are not normal, because bitcoin has no legality and has no clear regulation, at least bitcoin regulation can make it a little easier to control.
"Time will tell" is the most appropriate phrase governing the crypto space. Because here nothing can be predetermined in advance. You cannot say the what will be the next move of the market. 2018 is the perfect example for the same. The year from its very beginning had set hopes for the community and people had bought in the hope for making profits in the short run. But what happened was quite opposite of what was expected. And of the current scenario, you see, nothing can be said clearly. Stabilization of the market right now seems difficult as is evident from the recent technical analysis. Bull trap as you say, it might be true! Because it has been observed earlier also in the market and the same thing is expected to be seen again.
This kind of volatile nature of the crypto market according to me is necessary for the market to move. I agree totally with the OP and the point put forward is absolutely correct. Volatile nature of the crypto coins is what makes the success of the market investments a reality.
This kind of volatile nature of the crypto market according to me is necessary for the market to move. I agree totally with the OP and the point put forward is absolutely correct. Volatile nature of the crypto coins is what makes the success of the market investments a reality.
High fluctuation on cryptocurrency is not a reason crypto can not used for payment. Every currency fluctuated and its normal. Its very normal cryptocurrency volatile because price determined by market. I think cryptocurrency can used for payment
I read some criticism around Bitcoin, because is too volatile, but this is the reason for the success of this crypto ( and others), imo
Also, why do you need a stable coin ? If you can't pay with Bitcoin for you coffe, who cares ? I mean, it is just like gold, you don't walk around paying with gold, but you know it has value.
I just can't see a clear disadvantage on being too volatile, something that could make ppl loose interest on Bitcoin. I would like to hear opinions on that.
Also, why do you need a stable coin ? If you can't pay with Bitcoin for you coffe, who cares ? I mean, it is just like gold, you don't walk around paying with gold, but you know it has value.
I just can't see a clear disadvantage on being too volatile, something that could make ppl loose interest on Bitcoin. I would like to hear opinions on that.
I agree that Bitcoin's volatility is the main reason why Bitcoin is successful and many people are using it. People do not want to receive a volatile currency that is why stable coin needed to exist. Also, they are not oriented (no adequate knowledge) about Bitcoin that is why they do not accept that kind of payment.
in my opinion, bitcoin is the same as gold, according to the function of its value. gold other than as jewelry is also used as an investment asset, as well as bitcoin. when talking now, bitcoin is most appropriate as an investment asset, but it is less feasible as a direct or offline transaction payment like in a store or coffee shop, due to the expensive transaction fees and long confirmed transaction, but it is still feasible to use on indirect or online transactions such as in online stores.
The volatility of bitcoin is very normal. It's like gold bitcoin is a kind of asset to store rather than coin created to pay for fiat replacement.
Bitcoin is very variable and creative for payment but if you are talking about constantly increasing or decreasing Bitcoin this is not a problem because Bitcoin has always done these upsets and of course it has done so in the ascension so I think there is no problem.
Volatility is the problem which came from us.No one willing to accept a currency which has too much swing in it value.And the volatility happening because of the less availability of bitcoin when comparing to the total world population and imagine how much the volatility will be if all the people uses bitcoin.
Many people disregard the fact that Bitcoin can be used both as a currency and as a commodity and then they complain about the volatility. A lot of people work around these problems by using centralized solutions to cancel out the impact of the volatility, when they use it as a currency.
I think volatility can be used to your advantage, if you know how to play the game.
I think volatility can be used to your advantage, if you know how to play the game.
I read some criticism around Bitcoin, because is too volatile, but this is the reason for the success of this crypto ( and others), imo
Also, why do you need a stable coin ? If you can't pay with Bitcoin for you coffe, who cares ? I mean, it is just like gold, you don't walk around paying with gold, but you know it has value.
I just can't see a clear disadvantage on being too volatile, something that could make ppl loose interest on Bitcoin. I would like to hear opinions on that.
Also, why do you need a stable coin ? If you can't pay with Bitcoin for you coffe, who cares ? I mean, it is just like gold, you don't walk around paying with gold, but you know it has value.
I just can't see a clear disadvantage on being too volatile, something that could make ppl loose interest on Bitcoin. I would like to hear opinions on that.
If we watching on forex market, every fiat money always volatile and sometimes have high fluctuation. Its same with bitcoin or cryptocurrency because when currency landed on market, demand and supply control the price. I think bitcoin can be used for payment if regulation from government come out
In my opinion, the problem is that people have lack of trust in BTC. They are hesitant about the market value. They have lack of knowledge on how to deal it to give it a full the trust to BTC.
Bitcoins volatility is it's major asset and I don't see anything wrong with it being volatile cause it's good that way, at times it goes down and then other times it just shoots ups. That's what I love about bitcoins it gives you thrills like nothing, plus the returns you get are just awesome so people who don't understand bitcoins think volatility is bad.
Dare to start then have to dare also take the risk, there is time to profit or even get loss, do not be afraid, because wheel always rotate, not always down, will surely back up, I believe it!
Absolutely.Bitcoin is too volatile to be used as payment because if you wil pay then the value will change since its volatile possibly there will be a difference between your payment or shall I say that I wont be accurate.
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