Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin become a daily currency?
by
metenjean
on 06/03/2018, 06:55:14 UTC
As anything that has to to come into acceptance, it has to go through some challenges, the crypto world is seeing a high influx of people, so most definitely some adjustments has to be made to be able to handle the transactions. Maybe now it cant be used for everyday buying and selling, but its possible it can be in the future.
All I can say is, this could probably be happen if cryptocurrency will become legally issued in your country or even worldwide. This could be possibly be happen bit yes it would under go some challenges. But I would surely that everybody that belongs to this forum and has a bitcoin on their own will be glad to this resolution of bitcoin soon.
I think there will be many obstacles when many users want to implement bitcoin as their daily currency, first bitcoin needs a regulation and legalization so all merchants can accept bitcoin without any prohibition from anyone but the difficult thing is to make bitcoin legal because the government is still adamant to ban bitcoin and cryptocurrency
Although regulation and legalization can be done, the government still need to find ways to make bitcoin price stable enough to be used to buy daily necessities, no one wanted to use such unstable currency since it possess high risk to regular business, high volatility in bitcoin price is also another reason government and economist try to urge investor to stay away since high volatility possess more risk that doesn't cope with logic investment