Quote from: carlisle1 on August 18, 2018, 02:22:05 PM

Quote from: rohqit on July 14, 2018, 04:53:21 AM

Great post. I think the answer is in what you have stated .... the volatility. Based on that, the simple answer is NO. Bitcoin can never be currency as it currently is, no more than oil, gold, silver or pork bellies. Think about it, buying something for 1 bitcoin 7 months ago equaled roughly $20,000. That same item would cost about 3 bitcoins now or $60,000 end of 2017 prices.. It fails on all 3 measures you mentioned, medium of exchange, store of value, unit of account.

Bitcoin is a means of wealth transfer, no more no less.

The only value Bitcoin has is still measured against real currency such as US dollars. Unless you expect the value of Bitcoin to drop vs USD no-one should be buying anything using bitcoin. Also, if I expected the value of bitcoin to rise, as a seller I would definitely accept Bitcoin as payment to take advantage of uninformed buyers. Seems the sellers are losing now, but that will change because this is still a young market and bitcoin has a long way to rise.

If all of the people here in this crypto community has an outview like you and OP then bitcoin will continue to fail being a currency because instead of posting encouraging topic to attract many users to support bitcoin to hold its value ,what are you doing is making negative issues towards this great coin

Currency refers to money in any form when in actual use or circulation as a medium of exchange. What is not clear here? You think its volatility, that sounds like a joke, right? Why Rohqit didn`t mention how much pizzas you could buy 8 years ago with 10k bitcoins, and how many pizzas you can buy now with same amount of bitcoins?
Even op and this guy says the same, means a wealth transfer, I give you my wealth in bitcoins you give me same amount of wealth in pork. That is currency my friend, look it at in any way you want, but it can be medium of exchange, its currency. What is so good about bitcoin it can be asset too, you choose what you want, it can be a lot for who knows to take benefits from it, for people like op and this guy are bitcoin can be nothing, they can live crypto world, anyway more bitcoins for us.