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Topic: Can Bitcoin become a daily currency? - page 13. (Read 1398 times)

sr. member
Activity: 644
Merit: 261
February 18, 2018, 09:19:52 PM
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?

There is always a possibility that it will be use as a daily currency someday. As of now, it is not ideal because of the transaction fee and confirmation time. There are current developments under process like Lightning Network to solve this problem and segwit is already implemented which has lowered the transaction fee. If you can observed in here, many campaigns are asking for segwit address to have a low transaction fee which is one of the solution to counter such problems.

There are already other currencies that has low transaction fee and faster confirmation time but still people are more inclined to use bitcoin than those currencies because it has more volume and most of the exchanges use it as base coin. Some platforms only accept bitcoin in exchange to fiat so bitcoin would still be the must have currency as of now.
hero member
Activity: 1148
Merit: 504
February 18, 2018, 08:57:04 PM
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 bitcoin can become a daily currency given that it gets more support from the community now. However, price-wise, we should establish that bitcoins must have a stable price first before being considered a daily currency. People should always consider first the total supply.
I think an unstable price can still be tolerated by the auto convert technique to fiat so you can avoid losses if the price drops after they send bitcoins to pay, but the main problem is transaction fee on bitcoin, I don't think many people would use bitcoin for daily transactions if the fee for a one-time payment could reach $5. You want to do that mate?
newbie
Activity: 94
Merit: 0
February 18, 2018, 08:34:54 PM
It is a possibility, using the fast-growing technology bitcoin can be used in digital wallets through NFC technology in cards or mobile phones. It will provide quick and easy transactions for business purposes.
full member
Activity: 302
Merit: 120
February 18, 2018, 08:30:32 PM
there is no guarantee that bitcoin will be the daily currency. I think this will not happen because bitcoin currencies greatly fluctuate their movements non-stop. but you can see into the ripple they have a better future of bitcoin
sr. member
Activity: 574
Merit: 250
February 18, 2018, 08:06:44 PM
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?

As far as I know buddy it will depends on your society. Also, the kind of store since as of this time only few stores around the globe that accepts bitcoin. I would say bitcoin become daily currency if there are many store will accept bitcoin since the particular place need a strong internet connections in order to have a consistent transactions from bitcoin to bitcoin or bitcoin to fiats.
member
Activity: 132
Merit: 11
Streamity Decentralized cryptocurrency exchange
February 18, 2018, 08:05:41 PM
With the current status of Bitcoin with high  fees and takes longer transaction time, it is highly unlikely that it will become a daily currency. Bitcoin today is used as an investment platform, it is an asset to potentially grow your money just like that of the stock market. I think people should fix this idea and start thinking of Bitcoin's true purpose which is to become an alternative day to day currency.
full member
Activity: 238
Merit: 101
February 18, 2018, 07:59:34 PM
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?
Everyone wish that bitcoin is our daily currency,  but don't lose hope because it will come at the right time.  Important is,  you always believe in bitcoin and its gonna be okay someday that bitcoin is the main currency that we used in our daily life. 
copper member
Activity: 224
Merit: 0
February 18, 2018, 07:40:51 PM
Bitcoin can become a daily currency and hopefully it will as time goes by! Imagine going to the groceries, doing shopping, etc. using Bitcoin as your method of payment. That would be so hassle free and fun at the same time.
sr. member
Activity: 462
Merit: 252
February 18, 2018, 07:12:10 PM
bitcoin is a digital, virtual currency that uses encryption to facilitate the management and exchange of funds , this sounds comical given its intangible however if we sit and think about it , it makes a lot of sense. the miners are the ones who have invested heavily in equipment that solves mathematical problems to create unique blocks in a chain which are added to the bitcoin ledger . this results in blockchain creation and so you are able to now distinguish the bitcoins as they are unique in order to make transaction legitimate as well as ownership confirmation. if we can get the creation of a bitcoin exchange trading fund then we would be well on our way to creating a daily currency.
newbie
Activity: 5
Merit: 0
February 18, 2018, 07:06:52 PM
As of now we cannot say  that it can be a daily currency, due to the changing of it's value.Sometimes it will dumb and sometimes it will pump therefore there is no stability so if a certain currency has no stability you cannot call it a currency.
full member
Activity: 504
Merit: 100
February 18, 2018, 06:47:02 PM
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 can happen. The possibility is high since the total supply of bitcoins is plenty enough to accomodate everyone across the globe considering how much of a fraction is used per bitcoin. So we can actually use bitcoins as a daily currency to buy our daily needs.
jr. member
Activity: 148
Merit: 3
February 18, 2018, 06:37:40 PM
yes bitcoin could become a daily currency if all governments regulate it, fees are down to less than a cent, transactions are 100% confirmed by the next block and safety is guaranteed for everyone. It's still a long road to go and many competitors are out there to push bitcoin from its throne. Also majority of people still don't know what bitcoin is and we need to help them using it and get to know about bitcoin so spread the word & help nonbitcoiners out there.
sr. member
Activity: 546
Merit: 250
February 16, 2018, 10:45:26 PM
Truly there are numerous enhancements that bitcoin needs and our general public that got it. Everybody ought to know what bitcoin is with the goal that they know on the most proficient method to utilize bitcoin and knowing additionally its huge capability. Bitcoin can empowers sending cash wherever we are however the expenses are the issue and we ought to be center around that so it can be low and numerous individuals can have the capacity to utilize it.
full member
Activity: 336
Merit: 100
February 16, 2018, 10:26:03 PM
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?

Of course Bitcoin is spreading  wider and wider. More and more ATMs around the world. But I don’t think it will become the currency for common use in a near future. Cash today is traditionally has its strong positions.
sr. member
Activity: 588
Merit: 256
February 16, 2018, 08:49:23 AM
bitcoin to be a daily currency I think this is not an easy thing and of course need a long process because not everyone can accept bitcoin as a daily currency. and some of the people of course do not yet understand fully in terms of transactions using bitcoins.
newbie
Activity: 112
Merit: 0
February 16, 2018, 04:12:27 AM
Yes I can buy some things via BTC
In the future BTC or any antcoin will improve payment system
full member
Activity: 504
Merit: 100
February 16, 2018, 01:33:14 AM
I think, bitcoin can not be a daily currency because of other high fees and confirmations that take a long time and people may not be interested in using it
full member
Activity: 448
Merit: 100
February 16, 2018, 01:07:27 AM
bitcoin can be a daily currency if the government cooperate with it but it will keep the local currency as well. but i think in Europe they were already using bitcoin as term of payment in some store.
sr. member
Activity: 406
Merit: 250
February 15, 2018, 09:53:15 PM
#99
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?

Yes, it could be use for daily currency. Bitcoin has the only crypto that accept by some store specially some online shops.  Bitcoin is the only possible now that can be a cryto that used for now because it is the coin that are too longer and also the mother of all crypto.  Ethereum is good also for currency but ethereum cannot fight bitcoin because bitcoin was more popular than ethereum.

It is hard to pay things, foods, clothes, etc. using bitcoin because the price of bitcoin was not consistent and it pumps and dump too easy unlike the fiat that you cannot feel the change.
newbie
Activity: 126
Merit: 0
February 15, 2018, 09:43:05 PM
#98
Yes! Smiley if businesses and more big investors will support bitcoin to be use as daily currency or can be an alternate payment for goods and trades. So the only way to make it happen is for people to support bitcoin, make it stronger. Strenghten it.
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