Quote from: doomistake on January 16, 2020, 03:36:35 PM

Quote from: sovie on January 13, 2020, 04:55:44 PM

Quote from: hugeblack on January 13, 2020, 04:10:21 PM

Unfortunately, volatility is still a feature of these currencies, therefore it attracts speculators and those who believe in their long-term value more than ordinary traders.

Volatility is something that need to be addressed if we want to have a living on bitcoin. Within days bitcoin can have a jump of over 1000 USD. If we dont have stable BTC price we will continue to have BTC that will be only an asset of storage.

That can't happen.

Volatility is the reason why we called cryptocurrency is better than fiat, because we could always take advantage of its price fluctuation, either it falls down or rise up, it is all depends on how smart we are to make profits whatever situation does the market have. Another thing is that living in cryptocurrency is pretty much depressing in some point, because of the transaction fee you gotta pay.

But me, I always convert it first to fiat therefore the fee that I'm going to pay is when I'm going to cash it out thru bank or any money remittances, that is only to lessen the fee.

There is no doubt that one can make huge gains with crypto due to price volatility but the main point of debate is that we cant have daily living due to this price volatility. You think merchants will be willing to accept payments in this volatile currency?