Will Bitcoin become a daily currency??? - page 2.

undeadbitcoiner

sr. member

Activity: 896

Merit: 272

Undeadbitcoiner Will not DIE until 1BTC=50K

Quote from: 00DKM@ on April 11, 2018, 07:50:01 AM

Quote from: undeadbitcoiner on April 10, 2018, 10:54:21 PM

One day Bitcoin will be Mainstream currency but it will take time. Before that Bitcoin price will settle somewhere and may be we will start using Mbit or Ubit

No, In my opinion, this is very unlikely. Beyond contradictions from the way the government operates and manages the economy and society with the nature of bitcoin. It also has the disadvantage that it can not become a coin in daily life. that is high value. The supply is decentralized and limited, it does not bring a balance if continuous fluctuations occur. Poor people or people without conditions can own bitcoin to pay and spend in living. Without the change from bitcoin, this can never happen.

I think you just see my half answer and you didn't carefully read my half (Bold Now) In concern about High Value as i already told we need to go from BTC to mBTC, bits, and Satoshis that is what Value will be covered we have to remember that Bitcoin could be Divisible in hundred Million so actually we will have 2100000000000000 Satoshis circulated with us once all the bitcoin will be mined, Continuous Fluctuation Did you tried to see Gold? or The New York Stock Exchange (NYSE), The London Stock Exchange, NASDAQ virtual exchange Just check out there starting, check there history they use to fluctuate more than what Bitcoin is fluctuating today so once market settles down price will remain steady. Owning Bitcoin by poor people or poor condition i believe once you understand bitcoin with Satoshis i might not need to explain. just for a simple example Today you can own 1000 Satoshis with just US$ 0.081, you can own 1000 Ubtc with just US$ 8.11, you can own 1000 Mbtc with just US$ 8100 Which is One Whole BTC,

nara1892

hero member

Activity: 1666

Merit: 701

I'm sure someday we'll use another bitcoin or crypto currency like we use fiat currencies at this moment. It just takes time, and there are some requirements for bitcoin if you want to use it everyday such as the price should be stable, acknowledged or even recommended by many countries and small transaction fees (the block should be enlarged to fit more transactions) and increased speed of miner confirmation .

anahawjeff21

newbie

Activity: 77

Merit: 0

No, i dont think so, its really hard to apply that in daily basis, because if you use bitcoin in a transaction, you and the store or establishment need an internet access, because without that, you cant finish the transaction, and in some place, they dont have internet connection.

Webberson

full member

Activity: 602

Merit: 102

Daily currency, means daily transactions. And considering the fact that bitcoin still has its own challenges and can only be used with the aid of the internet, makes it not possibe to be a daily currency.

YNAGS Team

member

Activity: 220

Merit: 10

I thing personaly with the thing going like today, we are not facing the idea you say soon, becouse imagine a package of milk, that today costs $1 and tomorrow $10, lmfao.

PilosopongTacio

jr. member

Activity: 308

Merit: 1

Quote from: The Golden Boy on February 27, 2018, 01:18:33 PM

I have recently written an article about the possibility of Bitcoin becoming currency we will use on daily basis. so now I want to ask the question do you think we will see if it can be used as a daily currency??? or do you think it will be more like gold a good store of value???
My own personal hope is that we will see cryptocurrencies develop into currencies we will use on a daily basis. in my opinion, bitcoin will be a good place to start due to the mainstream knowledge about Bitcoin, but I do not think it's the best-suited kind for daily use and I believe we have a long way to go before it is a viable alternative to Fiat currencies for the majority of people.

For inspirational purposes, I have included my article
https://cryptoms.online/2018/02/27/will-bitcoin-become-a-daliy-currency/

I think its impossible. For now.. Even if a certain country became too familiar with cryptocurrency, its still impossible for bitcoin to become a daily currency to be use for purchasing and buying things.
Majority of the people in the world are still living in the past and these sudden changes is not possible and besides cryptocurrency's reputation is still on its developing stage and it could take decades before most countries would recognize its full potential and declared it as a new currency to be accepted as payment for almost anything in the world.
There is also the problem of poverty where many countries have inadequacy in education,information and technology.. Third world countries from Asia and other parts of africa and the middle east.

saumang2m

copper member

Activity: 280

Merit: 0

I think we will be able to use Bitcoin everyday in the future, but this time Bitcoin can not be used in day-to-day transactions as 90% people still use paper currency, ATM, debit card in day-to-day transactions is. And those people have become habituated to that kind of currency. But after a few years, the number of people who use Bitcoin will increase from 50 to 70%, so that people will get used to using Bitcoin.

syamster

hero member

Activity: 1078

Merit: 501

Quote from: chillitabit on April 11, 2018, 07:44:43 AM

Quote from: The Golden Boy on February 27, 2018, 01:18:33 PM

I have recently written an article about the possibility of Bitcoin becoming currency we will use on daily basis. so now I want to ask the question do you think we will see if it can be used as a daily currency??? or do you think it will be more like gold a good store of value???
My own personal hope is that we will see cryptocurrencies develop into currencies we will use on a daily basis. in my opinion, bitcoin will be a good place to start due to the mainstream knowledge about Bitcoin, but I do not think it's the best-suited kind for daily use and I believe we have a long way to go before it is a viable alternative to Fiat currencies for the majority of people.

For inspirational purposes, I have included my article
https://cryptoms.online/2018/02/27/will-bitcoin-become-a-daliy-currency/

it will take some time, but I really believe it is going to happen. Main problem now is the volatility, people are afraid to hold bitcoin and spend it because it might lose the 20% of value overnight

Well if you want to earn something you will have to take the risk and you will have to work hard to rise your rank,. Price of bitcoin never reaming the same if you see the price of bitcoin is getting down then you will have to hold your bitcoin with high patience and never think about selling your bitcoin at the panic rating. If today bitcoin lose the value at 20% then it is sure that the price will increase once again, at the 40% so mean profit will be double than the lose.

Epimetheus

legendary

Activity: 1120

Merit: 1000

Quote from: HanaTenun on April 11, 2018, 09:35:56 AM

Quote from: The Golden Boy on February 27, 2018, 01:18:33 PM

I have recently written an article about the possibility of Bitcoin becoming currency we will use on daily basis. so now I want to ask the question do you think we will see if it can be used as a daily currency??? or do you think it will be more like gold a good store of value???
My own personal hope is that we will see cryptocurrencies develop into currencies we will use on a daily basis. in my opinion, bitcoin will be a good place to start due to the mainstream knowledge about Bitcoin, but I do not think it's the best-suited kind for daily use and I believe we have a long way to go before it is a viable alternative to Fiat currencies for the majority of people.

For inspirational purposes, I have included my article
https://cryptoms.online/2018/02/27/will-bitcoin-become-a-daliy-currency/

chances are that it could happen but right now for my country it is still too far for that because the government still prohibits direct deals with bitcoin maybe if bitcoin is official as the currency could happen

This process will take time but can happen later in the future.Bitcoin is being used by many people in the world but still people use fiat currency for their day to day transactions.Fiat currency does not require any internet connection to get operated unlike bitcoin.Bitcoin is also decentralised so it is not backed by any central bank or government.Fiat is backed on the other hand.It is getting famous very slowly.But for time being fiat is our daily currency only.

alihasangoto

newbie

Activity: 70

Merit: 0

Bitcoin is not a currency which you can use in your daily life. Slowly it will become assett

GangNamSK

member

Activity: 280

Merit: 10

Ok. I believe so. Today, many countries around the world use bitcoin to trade smoothly and quickly. I think in the near future bitcoin will be used every day, be a lot of people know. Bitcoin meets the needs of people increasingly high.

tera linh

newbie

Activity: 84

Merit: 0

I think in the near future, it will become our daily currency. It has many benefits and it depends as the volume of people who use bitcoin is still small compared to live in a cashless society. But ofcourse, if people will agree that bitcoin will become our daily currency.

Seriousbizz

newbie

Activity: 155

Merit: 0

Maybe sometime in the future bitcoin will become a daily currency but there are things needed to sort out first like transaction fees and times.

dhka

full member

Activity: 266

Merit: 101

The Experience Layer of the Decentralized Internet

For crypto that is very possible, but for bitcoin to be one I thing bitcoin value would be to expensive. We have to deal with so many zeros behind decimal and that would be not so effective.
We need stronger coin with more total amount in circulation to be able to be adopted for daily basis currency

HanaTenun

sr. member

Activity: 817

Merit: 250

Quote from: The Golden Boy on February 27, 2018, 01:18:33 PM

I have recently written an article about the possibility of Bitcoin becoming currency we will use on daily basis. so now I want to ask the question do you think we will see if it can be used as a daily currency??? or do you think it will be more like gold a good store of value???
My own personal hope is that we will see cryptocurrencies develop into currencies we will use on a daily basis. in my opinion, bitcoin will be a good place to start due to the mainstream knowledge about Bitcoin, but I do not think it's the best-suited kind for daily use and I believe we have a long way to go before it is a viable alternative to Fiat currencies for the majority of people.

For inspirational purposes, I have included my article
https://cryptoms.online/2018/02/27/will-bitcoin-become-a-daliy-currency/

chances are that it could happen but right now for my country it is still too far for that because the government still prohibits direct deals with bitcoin maybe if bitcoin is official as the currency could happen

jomel

full member

Activity: 406

Merit: 101

If bitcoin will be stable and it if will boom there is a tendency that bitcoin will be a daily currency because we all know that nowadays technologies are innovating and maybe one day in the near future our way of transaction wiill be using crypto currency and using bitcoin for convenient and no hassle transaction.

Allura74

full member

Activity: 546

Merit: 100

Quote from: makolz26 on April 11, 2018, 09:09:53 AM

Quote from: chillitabit on April 11, 2018, 07:44:43 AM

Quote from: The Golden Boy on February 27, 2018, 01:18:33 PM

I have recently written an article about the possibility of Bitcoin becoming currency we will use on daily basis. so now I want to ask the question do you think we will see if it can be used as a daily currency??? or do you think it will be more like gold a good store of value???
My own personal hope is that we will see cryptocurrencies develop into currencies we will use on a daily basis. in my opinion, bitcoin will be a good place to start due to the mainstream knowledge about Bitcoin, but I do not think it's the best-suited kind for daily use and I believe we have a long way to go before it is a viable alternative to Fiat currencies for the majority of people.

For inspirational purposes, I have included my article
https://cryptoms.online/2018/02/27/will-bitcoin-become-a-daliy-currency/

it will take some time, but I really believe it is going to happen. Main problem now is the volatility, people are afraid to hold bitcoin and spend it because it might lose the 20% of value overnight

That is right, time will come that cryptocurrency will be widely used compare to paypal so we can really assume that most people will prefer to have this as a way of transacting rather than bringing cash all the time since we know cash is prone to theft.

The world's modern technology bring bitcoin as new system of electronics money and because of its popularity for giving more opportunity of having profitable earnings many people convince to use it and yes bitcoin is a crypto currency that are massively use for it by converting most into people's individual currency in different corners of the world.

makolz26

sr. member

Activity: 714

Merit: 254

Quote from: chillitabit on April 11, 2018, 07:44:43 AM

Quote from: The Golden Boy on February 27, 2018, 01:18:33 PM

I have recently written an article about the possibility of Bitcoin becoming currency we will use on daily basis. so now I want to ask the question do you think we will see if it can be used as a daily currency??? or do you think it will be more like gold a good store of value???
My own personal hope is that we will see cryptocurrencies develop into currencies we will use on a daily basis. in my opinion, bitcoin will be a good place to start due to the mainstream knowledge about Bitcoin, but I do not think it's the best-suited kind for daily use and I believe we have a long way to go before it is a viable alternative to Fiat currencies for the majority of people.

For inspirational purposes, I have included my article
https://cryptoms.online/2018/02/27/will-bitcoin-become-a-daliy-currency/

it will take some time, but I really believe it is going to happen. Main problem now is the volatility, people are afraid to hold bitcoin and spend it because it might lose the 20% of value overnight

That is right, time will come that cryptocurrency will be widely used compare to paypal so we can really assume that most people will prefer to have this as a way of transacting rather than bringing cash all the time since we know cash is prone to theft.

00DKM@

member

Activity: 378

Merit: 10

Quote from: undeadbitcoiner on April 10, 2018, 10:54:21 PM

One day Bitcoin will be Mainstream currency but it will take time. Before that Bitcoin price will settle somewhere and may be we will start using Mbit or Ubit

No, In my opinion, this is very unlikely. Beyond contradictions from the way the government operates and manages the economy and society with the nature of bitcoin. It also has the disadvantage that it can not become a coin in daily life. that is high value. The supply is decentralized and limited, it does not bring a balance if continuous fluctuations occur. Poor people or people without conditions can own bitcoin to pay and spend in living. Without the change from bitcoin, this can never happen.

chillitabit

newbie

Activity: 196

Merit: 0

Quote from: The Golden Boy on February 27, 2018, 01:18:33 PM

I have recently written an article about the possibility of Bitcoin becoming currency we will use on daily basis. so now I want to ask the question do you think we will see if it can be used as a daily currency??? or do you think it will be more like gold a good store of value???
My own personal hope is that we will see cryptocurrencies develop into currencies we will use on a daily basis. in my opinion, bitcoin will be a good place to start due to the mainstream knowledge about Bitcoin, but I do not think it's the best-suited kind for daily use and I believe we have a long way to go before it is a viable alternative to Fiat currencies for the majority of people.

For inspirational purposes, I have included my article
https://cryptoms.online/2018/02/27/will-bitcoin-become-a-daliy-currency/

it will take some time, but I really believe it is going to happen. Main problem now is the volatility, people are afraid to hold bitcoin and spend it because it might lose the 20% of value overnight

Topic: Will Bitcoin become a daily currency??? - page 2. (Read 1141 times)