Quote from: setupbounds on June 06, 2018, 05:19:32 AM

Quote from: BartS on June 04, 2018, 02:51:19 PM

Quote from: ulia93 on May 31, 2018, 04:45:26 PM

Perhaps if the cryptocurrency is used ubiquitously and Bitcoin will have and use everything, then it will cease to be tied to the dollar and no one will evaluate its price in dollars. After all, it does not matter how the price of Bitcoin has changed in an hour, if a cup of coffee now costs 1000 satoshi and in an hour the same cup of coffee costs the same 1000 satoshi.

We still need something more than adoption for that to happen bitcoin will have to destroy fiat currencies for something like what you are describing to happen, after all you want bitcoin to be the point of reference when it comes to pricing things but we know that is not what it is happening now when the point of reference is the US dollar, after all everything is priced in dollars and until that changes bitcoin will continue to being valued in dollars as well.

As far as I can foresee the things, there is nothing in this world which is not possible and that we can even expect any of the crypto currency especially bitcoin having a highly fluctuating market value as a global currency and that a time will come, when people will start using the crypto currencies just like the normal paper money and that they will then have no need to keep the paper money with themselves.

Cryptocurrency traders argue strongly in favor of price-volatility, fluctuating market price. Stability kills their interest they argue but everything comes with a moderation, at least for ordinary users to be able to use a cryptocurrency for their daily routine without sporadic changes in value.