Topic: Can Bitcoin become a daily currency? - page 10. (Read 1405 times)
Bitcoin is already been use as a daily currency, as many transactions is carried out using Bitcoin for these transactions almost all over the world.The transaction fees are not too high and the confirmation time on the block found is about 10 to 30 minutes. For those who are already using bitcoin for daily online payments and other transactions, they are already use to the system of payments which on daily bases when they enter into their transactions.The Volatility may be a factor, when it is been use, yet when holders of bitcoin come to the understanding of the Crypto called Bitcoin, it will rather gain more acceptability and Usage as a daily currency as it already have been used.
that if approved by the country we certainly can but who knows only the real currency to transact in supermarkets or wherever, if the currency in gital not many people will know around the world.
This may all appear somewhat stunning and impalpable, yet it really bodes well. The Bitcoin arrange is developed of mineworkers, who are put resources into keeping the cash secure and steady as they are paid in bitcoins and go about as endorses of the blockchains through their action. Like any on the web and automated business, it can be liable to hacking and burglary, similarly as your bank can.
When Satoshi Nakamoto invented Bitcoin in 2009, he was hoping that it will become a daily currency. Unfortunately, he dropped out of the development team in 2010, and the remaining core developers were not interested in retaining Bitcoin as a currency for daily usage.
not in India, because the law here doesn't support cryptocurrency.
Bitcoin as of now like in the philippines it cannot be the currency because it goes to the senate hearing and it can be read in the court for how many readings untill such it will became a currency.there lots of people or in the senate will bring it on the senate for further discussion.
Bitcoin transactions are way slower than other cryptos and fees are high, and when you pay with bitcoin you pay with only fractions of it, so do you think it is possible for bitcoin to become a daily currency? Something you can use to pay for coffee? If no, then what cryptocurrency have this potential?
This will take a lot of time to happen. A lot of improvements also need to be done like there should be instant transfer.
no, because the cost of crypto currency is not dictated by the authorities. You are not forced to accept crypto currency forcibly and only in it to make certain payments, as it happens with government money. The cost of crypto currency is determined only by the ratio of demand and supply in the market. Free market economy.
it seems very unlikely at the moment, the fees are very high but bitcoin can be suitable for daily use if the fees are low. Time will show it.
Bitcoin transactions are way slower than other cryptos and fees are high, and when you pay with bitcoin you pay with only fractions of it, so do you think it is possible for bitcoin to become a daily currency? Something you can use to pay for coffee? If no, then what cryptocurrency have this potential?
BTC was made particularly to end up a currency that can be utilized to pay speedier and with bring down fees however as should be obvious bitcoin is currently utilized similarly as a venture to make benefit out of it and just a not very many individuals really utilize it to purchase things on the web.
I don't think it may happen, bitcoin is a digital decentralized currency so it can't be used for daily expenses. But, it can be a global community currency that whenever there will be transaction overseas, bitcoin will be used.
as per current bitcoin volatility, it is difficult to use bitcoin as daily currency price speculated daily it is difficult for buyer and seller to stand for one price
Bitcoin will not become a daily currency . The good thing is that it has bought the blockchain technology to the world . There are many altcoins that has more and better advantages than bitcoin.
The reason behind slow Bitcoin transaction can be its use. It is getting used in trading a lot so it can be the reason for slow transaction. Talking about its daily use, if it will be accepted by most of the countries then it can definitely become the currency to be used in daily life. But till now it is not getting used as currency in most of the countries.
I don't know what do you exactly mean by term daily currency. There is nothing to stop you to use Bitcoins daily for your daily needs.
Still if you wanted to ask if Bitcoin could become official mainstream currency then this is another story and I don't think this Bitcoin will ever become mainstream currency in any country in the world. But to be honest I don't even see the need for that.
Still if you wanted to ask if Bitcoin could become official mainstream currency then this is another story and I don't think this Bitcoin will ever become mainstream currency in any country in the world. But to be honest I don't even see the need for that.
Bitcoin transactions are way slower than other cryptos and fees are high, and when you pay with bitcoin you pay with only fractions of it, so do you think it is possible for bitcoin to become a daily currency? Something you can use to pay for coffee? If no, then what cryptocurrency have this potential?
I think, its hard to make bitcoin or other cryptocurrency to become daily currency. Beside to many obstacle to become currency, I am prefer choose bitcoin as investment instrument because gain year on year is fantastic
It seems bitcoin for daily use is not very convenient. That's when he will not have sharp jumps, then you can and make purchases and other joy of life.
Bitcoin transactions are way slower than other cryptos and fees are high, and when you pay with bitcoin you pay with only fractions of it, so do you think it is possible for bitcoin to become a daily currency? Something you can use to pay for coffee? If no, then what cryptocurrency have this potential?
If for now the bitcoin is not good into the daily currency because of its long transaction and high cost. If in the future there is an improvement of bitcoin, I think bitcoin can be for daily transactions.
In my opinion bitcoin couldn't be the major of exchange but can be the major way of transactions. Payment is a simple way of paying some items that bought by one person. If we disregard the value of bitcoin it can but but if we took up and look up what the potential of bitcoin can be in the future, then we couldn't allowed bitcoin as the currency daily. What will be the purpose of some altcoins that was and are and will be created in different areas of business in the land of business field. There are a lot of coins who have the exact uses to daily currency.
Bitcoin used to be used all the time. The weed was bought and so on. And now everyone wants only if it grew in price, and no one is going to use it.
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