Quote from: error08 on October 07, 2019, 11:49:17 PM

Quote from: Google+ on October 07, 2019, 09:01:28 AM

bitcoin is not used as a currency, it seems that the influence of total supply is very limited and the price is very expensive so it makes the price of bitcoin very expensive and is not suitable if used as a currency because it will be difficult to use for transactions.

But it has been used as currency for years, people buy and sell things using bitcoin as a medium of exchange, it's a daily routine here in this forum and many others out there do it. What makes bitcoin isn't so good as fiat money due to its volatility, early adopters hoarding bitcoin while the whales on the wall street manipulate the price according to their need to gain profit in this market. The limited supply of bitcoin isn't the main problem, scarcity makes bitcoin won't lose its value to zero instead keep rising.

Yes the demand and supply had never been a problem as the key factor is it's price fluctuations band volatility as we cannot use bitcoin like fiat currency is because it's can be manipulated by the whales playing up with small and mid level investor's money by turning the tide based on their requirement.

I think the price manipulation might never end as far as greedy whales got huge chunk of bitcoin with them.