Quote from: Anies_Sandi on October 16, 2017, 12:30:15 PM

Quote from: Cranidos on October 16, 2017, 06:55:51 AM

Quote from: equator on July 07, 2017, 07:22:34 AM

Quote from: mjglqw on July 07, 2017, 06:52:10 AM

Quote from: facenew111 on July 07, 2017, 06:40:42 AM

bitcoin cannot replace currency in the world because price is not stable.

currency should be more stable.

you may reply me. currency is not stable also but you should think

USD currency price is up and down 1-2% in 1 month.

bitcoin price is up and down 20% in 1 month.

what will people think if they just change USD to bitcoin then their money down 10% in 10 minutes?

bitcoin can become stock but cannot become currency

Bitcoin is made to be a global currency and not as stock.

Why is bitcoin so volatile?

Because bitcoin is in a very VERY young stage. The system isn't final yet. There are lots of updates to be made in the future that can determine if bitcoin will continue to be the de-facto of cryptocurrencies or not. Not to mention that we haven't achieved global adoption yet.

The USD has been around since forever. So common sense should tell you that it will be stable compared to crypto that hasn't even been around for more than a decade yet.

Do your own research.

But you are forgetting that USD or any other fiat currency is controlled by the government and Bitcoin is not controlled by anyone so price fluctuation is a common in Bitcoin. I agree with OP that Bitcoin is more like a Investment option then currency mode.

I also consider bitcoin as an investment or an asset that will have a great value over. Maybe other bitcoin are so amazed of its price for now to make them think bitcoin can replace the current existing fiat. Every currency in each country is being controlled by its government. They have laws and regulations for using these currencies. So I think bitcoin is so far from being regulated by the government, and of course the bitcoin users will never agree for centralization.

if I think that bitcoin is unstable, and my guess is that bitcoin can not replace the original currency in the country that we use as transaction tool.
because in the case of replacing it is not easy. there must be a rule as well so what this title is true is true.

Bitcoin was not really created to replace the fiat money and in fact, it should not be because fiat money is regulated by the government whole bitcoin is designed not to. That is one of the many reasons why bitcoin will not replace fiat but can go hand in hand with fiat money and it will then be the people preference what to use.