Post
Topic
Board Bitcoin Discussion
Re: bitcoin cannot replace currency in the world because price is not stable
by
emberbekas
on 11/03/2018, 11:48:57 UTC
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
I agree with you that if bitcoin becomes a currency, it may cause turmoil in the world economy. Bitcoin prices can fluctuate substantially in a single day, and I think it is only suitable for investment.

Yes of course bitcoin cannot replace currency in the world. First and foremost it is not the currency used in our country. If time comes that it will be acceptable to our country bitcoin will be use as currency which is very helpful to all of us.

True, bitcoin can be used as a means of payment but it won't replace real money. When people use bitcoin as a payment tool, they should aware about the risk that may occur.