Quote from: petroaj on October 18, 2017, 08:41:33 PM

If bitcoin is meant to be a currency, how does the idea go from investment (future growth) to everyday uses, given the extreme volatility of the "price" of Bitcoin. If today a pizza costs me .002 BTC but next Friday is costs me .005 BTC, why would I take that risk on price volatility instead of fiat currency?

How do you see purchases with BTC evolving over the years as the masses adopt the idea of cryptocurrency? Will BTC always be the "gold commodity" and other crytocurrencies with less volatility will be the everyday currencies?

Thoughts?

The bitcoin was initially started with the idea of being a virtual currency and not as an investment. However, being a pioneer in crypto market, bitcoin started getting a lot of investment from worldwide and based on the normal demand-supply rule along with few other factors, price started getting increased. Due to which bitcoin slowly moved to become an investor's paradise.

However, at the current scenario, bitcoin is not fit for becoming a currency because of its huge transaction confirmation time. The average time of confirmation is now 30+ minutes which makes it not fit for daily use. Also the factor you stated, is very true. The price is so dynamic that the cost of a pizza can become double within few days. So fiat is best for daily use and purchases and bitcoin as an investment, at least for me.