When bitcoin will be used more like a payments method then bitcoin will be less volatile
Bitcoin need more merchants adoption to be more in use
However best performing asset in the world always will be volatile
Gold is stable but can't bring bring that kind of profit nothing can
Topic: Can Bitcoin be a volatile investment tool and payment method at the same time? (Read 1064 times)
April 16, 2019, 12:45:41 PM
April 15, 2019, 02:04:02 AM
Of course it can, but to be a credible payment method it needs to become much less volatile overtime.
I have a very bad feeling about its price for near future. Stoch RSI (daily & weekly) are very high, RSI daily as well.
There are a lot of "bullish video" on youtube, everyone seems to have $5700 or more as the target.
Short/long chart have never been that low since a long time.
In my opinion, we're going to see a big crash in a few days or week.
I have a very bad feeling about its price for near future. Stoch RSI (daily & weekly) are very high, RSI daily as well.
There are a lot of "bullish video" on youtube, everyone seems to have $5700 or more as the target.
Short/long chart have never been that low since a long time.
In my opinion, we're going to see a big crash in a few days or week.
April 12, 2019, 05:23:23 AM
Currently there's no problem using it for both since most of the products and service being paid for in bitcoins have their value priced in fiat. That means the amount paid is adjusted anyway.
If we intend for bitcoin to be the successor to fiat though, then it'll have to be less volatile as it is now.
That's not very likely
Since it is a vicious circle of sorts. Using Bitcoin as a payment device or value transfer vehicle means real value, while increasing real value leads to less volatility. On the other hand, speculation boosts volatility and prevents mass adoption for Bitcoin's use in these fields. As speculative value comes before real value (it just happened so for whatever reason), it prevents adoption but without adoption there is no way real value is going to increase. Thus you get locked into this vicious circle
Sadly yes.
If we intend for bitcoin to be the successor to fiat though, then it'll have to be less volatile as it is now.
snip
That's not very likely
Since it is a vicious circle of sorts. Using Bitcoin as a payment device or value transfer vehicle means real value, while increasing real value leads to less volatility. On the other hand, speculation boosts volatility and prevents mass adoption for Bitcoin's use in these fields. As speculative value comes before real value (it just happened so for whatever reason), it prevents adoption but without adoption there is no way real value is going to increase. Thus you get locked into this vicious circle
Sadly yes.
April 12, 2019, 04:57:54 AM
At some point in time I guess it will become either one thing or the other. It cannot stay both at the same time. Can it? Is it a healthy usage method to have it as both?
Just think about the currency in Venezuela and you will understand that volatility has nothing to do with payment options.
Their currency is much more volatile than most of crypto coins and it's still being used
In no case I would call that volatility
It is correctly called depreciation up to a point where a money token (be it the Zimbabwean dollar or Venezuelan bolivar, or whatever) stops being money. Volatility means change in value, most definitely in both directions. This assumes there is some value but when a money token loses that value altogether, it has nothing to do with volatility. And for the majority of fiat money existing in today's world it is strictly a one-way ticket, i.e. these monies can only depreciate over time. As I'm inclined to think, we can't actually call such depreciation volatility
April 12, 2019, 12:21:26 AM
At some point in time I guess it will become either one thing or the other. It cannot stay both at the same time. Can it? Is it a healthy usage method to have it as both?
This is difficult to ascertain. What is clear is that Bitcoin is now used as an investment medium that provides opportunities to gain profits. In addition, the system and function of the currency are also owned by Bitcoin. We try to use all the benefits that exist in Bitcoin and I think it's worth making Bitcoin a good financial system. April 11, 2019, 11:59:25 PM
At some point in time I guess it will become either one thing or the other. It cannot stay both at the same time. Can it? Is it a healthy usage method to have it as both?
Just think about the currency in Venezuela and you will understand that volatility has nothing to do with payment options.
Their currency is much more volatile than most of crypto coins and it's still being used.
April 11, 2019, 11:41:46 PM
At some point in time I guess it will become either one thing or the other. It cannot stay both at the same time. Can it? Is it a healthy usage method to have it as both?
While Bitcoin remains very volatile in price by its nature and method of payment at the same time. And in the near future, nothing seems to change. Bitcoin is volatile because its decentralized nature obliges it. Stable in price, it looks like it will never. On the other hand, it was created in this way and at the same time was conceived precisely as a means of payment. Therefore, it still has to combine the volatile price nature and be both an investment instrument and a means of payment. By the way, even a regular currency fulfills this dual role, but the price volatility in them is not so vividly expressed. April 04, 2019, 12:26:27 PM
At some point in time I guess it will become either one thing or the other. It cannot stay both at the same time. Can it? Is it a healthy usage method to have it as both?
I think there are some place or country that has it already both.They are using it for payment at the same time other people use it for investment .
There are already so many places that we could use our Bitcoin for payment method but the question here is are you willing to pay with your Bitcoin ?
I think it depends on the two parties making transaction. If the receiving party would gladly accept btc as payment, knowing well that it has a very volatile nature, then why not. They could be btc investors themselves.
April 04, 2019, 10:42:47 AM
At some point in time I guess it will become either one thing or the other. It cannot stay both at the same time. Can it? Is it a healthy usage method to have it as both?
I think there are some place or country that has it already both.They are using it for payment at the same time other people use it for investment .
There are already so many places that we could use our Bitcoin for payment method but the question here is are you willing to pay with your Bitcoin ?
April 04, 2019, 08:36:41 AM
Of course, it can.
It can always be paired to something stable. If not the dollar, we could create a stable currency/unit of measurement that is slightly affected by the economic factors of the most stable economy or product of the world.
The inventor included the deflation for good reasons.
Before you can safely take away the deflation, there are several other things that need to be adjusted as well. Example: the 21 million supply limits has to be adjusted.
It can always be paired to something stable. If not the dollar, we could create a stable currency/unit of measurement that is slightly affected by the economic factors of the most stable economy or product of the world.
The inventor included the deflation for good reasons.
Before you can safely take away the deflation, there are several other things that need to be adjusted as well. Example: the 21 million supply limits has to be adjusted.
April 04, 2019, 12:57:24 AM
At some point in time I guess it will become either one thing or the other. It cannot stay both at the same time. Can it? Is it a healthy usage method to have it as both?
I think there are some place or country that has it already both.They are using it for payment at the same time other people use it for investment .
There are already so many places that we could use our Bitcoin for payment method but the question here is are you willing to pay with your Bitcoin ?
Switzerland is the first country that comes into my mind, so possibly, it's doable.
Right now? I'm not willing to pay with my bitcoin, lol, the price is really going up, would rather hold it as a investment. But there are a lot of bitcoin supporters, no matter what the price, is using it as mode of payment though.
April 03, 2019, 11:43:18 PM
volatility has been bitcoin's feature since the beginning and if it can be a payment method, haven't you heard? more and more stores and other markets are accepting bitcoin as payment? there are even retail stores here in my place that are accepting not just bitcoin but also other major cryptocurrencies. It is just a matter of choice for merchants, whether they will take risk and trust bitcoin in spite of its volatility or never at all.
Bitcoin is known to fluctuate, so many are afraid to have it. Despite its fluctuating nature is the process towards long-term price stability. So that bitcoin investment is considered very feasible because it provides big profits.When bitcoin is created, people will consider it not a global digital currency because based on their analysis, people will be afraid of unstable prices. It turns out that everything is not right because now bitcoin has become a digital currency that is used globally, and more and more users.
March 29, 2019, 01:21:12 PM
At some point in time I guess it will become either one thing or the other. It cannot stay both at the same time. Can it? Is it a healthy usage method to have it as both?
I think there are some place or country that has it already both.They are using it for payment at the same time other people use it for investment .
There are already so many places that we could use our Bitcoin for payment method but the question here is are you willing to pay with your Bitcoin ?
March 29, 2019, 01:06:50 PM
There are examples out there. Gold bars and coins can be used as an investment asset, and at the same time they have been used as currency (especially during the middle ages). If gold can be used in this way, then why can't Bitcoin or any other crypto?
What you have mentioned is agreeable in one way, but the same isn't a volatile investment tool. Gold bars and coins have a physical state and a very long years of history. This is how they gained importance as an investment, and bitcoin is truly a volatile investment in comparison to gold bars and coins. 
March 27, 2019, 11:52:27 AM
There are examples out there. Gold bars and coins can be used as an investment asset, and at the same time they have been used as currency (especially during the middle ages). If gold can be used in this way, then why can't Bitcoin or any other crypto?
March 27, 2019, 11:39:20 AM
You can still make it worth by saving some of your bitcoin as investment against price flutuation.
When price goes up the price you bought take advantage and sell it again so you profit from sell - bought price.
Therefore yeah surely can be volatile investment tool and payment method as the same time.
When price goes up the price you bought take advantage and sell it again so you profit from sell - bought price.
Therefore yeah surely can be volatile investment tool and payment method as the same time.
March 27, 2019, 11:08:12 AM
Fiat currencies are also volatile but that doesn't prevent anyone from using it
And do you know why everyone is using it?
Because everyone is forced to use it, as simple as it gets. People and businesses alike have to pay taxes in the local legal tender, and unlike the former who pay these taxes maybe once a year the latter pay them constantly (read, they have to price their goods and services in the local currency). Further, the government pays government employees and requires payment for the services it itself provides in this currency as well. All in all, if we take into account all the channels through which the use of fiat is forced on the general public, there is no way you can avoid using it (till the advent of cryptocurrencies at least)
As an aside, in cases of runaway inflation people as well as businesses do in fact stop using a heavily depreciating currency but that's an extreme case when a money token (say, the Zimbabwean dollar or Venezuelan bolivar) stops representing money as such and turns into useless and worthless trash
Put simply, all paper will burn
March 26, 2019, 04:13:47 PM
volatility has been bitcoin's feature since the beginning and if it can be a payment method, haven't you heard? more and more stores and other markets are accepting bitcoin as payment? there are even retail stores here in my place that are accepting not just bitcoin but also other major cryptocurrencies. It is just a matter of choice for merchants, whether they will take risk and trust bitcoin in spite of its volatility or never at all.
March 26, 2019, 03:50:36 PM
Bitcoin is an excellent investment tool. In fact, it can be used as part of a diversified cryptoasset portfolio to help investors secure their finances for the long term. Many investors are already pouring their 401ks and IRAs into dependable assets such as precious metals, real estate and yes, Bitcoin.
I would recommend checking out how a cryptocurrency ira works in order to educate yourself on the benefits of holding them as an investment vehicle.
I would recommend checking out how a cryptocurrency ira works in order to educate yourself on the benefits of holding them as an investment vehicle.
March 25, 2019, 05:59:04 PM
At some point in time I guess it will become either one thing or the other. It cannot stay both at the same time. Can it? Is it a healthy usage method to have it as both?
Yeah, i also believe so because it'll be very difficult for Bitcoin to remain in both features. A worldwide accepted currency can't be highly volatile else it'll affect trades. Nevertheless i believe also that Bitcoin will gain some stability but it'll be at a higher price. If it would've died, it would already. Bitcoin gas tested many extreme forms of rejections by economists, governments, etc but it has shown enormous resilience. With that, i believe Bitcoin shall have a very impressive price in the future and at that time, we'll get te stability we need to make it appreciated by all as a currency. Jump to: