Post
Topic
Board Bitcoin Discussion
Re: bitcoin cannot replace currency in the world because price is not stable
by
stayeduptolate
on 16/03/2018, 20:52:55 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
Yes. I do believe that bitcoin will not be able to replace fiat currency from the world because firstly, bitcoin is not a stable form of currency because of which its value keeps on fluctuating. Then bitcoin is not governed by any government or any bank because of which its stability further decreases leading to more fluctuations in bitcoins prices.then bitcoin is also not as popular as fiat currency and bitcoin has way more less users than users of fiat currency.