Quote from: cn567 on June 12, 2021, 06:46:18 PM

Quote from: Coyster on June 12, 2021, 06:22:34 PM

Quote from: cn567 on June 12, 2021, 05:43:56 PM

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Yes I know people use it to buy and sell stuff but the majority people are hodlers let me give you a simple example

You are a normal working man and is paid salary in Bitcoin, your salary is 20,000$ so your company gives you that much worth of bitcoin as salary, now the Bitcoin prices rises which means you 20k salary becomes 25-30k or more which is obviously very very good but what if that 20k become 15-10k so tell me is that a steady income every person has his calculations that he will this much and save this much but now the price has dropped so your whole monthly planning is messed up, your expenses are same as before but your salary is not same, now do you think is a great idea to adopt is as a currency.

AND I DON'T KNOW WHY GIVE SUCH EXAMPLES THEY THINK I HAVE PROBLEM WITH BITCOIN'S VOLATILITY, NO I DON'T I HAVE 0% PROB WITH IT I AM A FULL TIME TRADER, this might have happened to you if you are trading in crypto you might have plans to buy something but the prices go downs so ob you won't be able to buy that unless BTC restores it's price, majority of us a are a trader and we know that BTC will rise again but what about regular people they don't what will happen when will it go up or down they just want their money to fulfil their dreams.

One more thing GOD FORBID if anything happens to you or anyone in your family and let us assume Bitcoin is legal everywhere and you have to pay operation fees which is 34,000$ = almost 1 BTC acc to current market price, so you are about to pay 1 BTC and the prices went down to 28,000 then you have shortfall of 6000$ how will you arrange that ?

See there are many economical problems to use Bitcoin as a currency.

Bottom line, the issue is the high volatility of Bitcoin. Am I right?
I don't think you don't have a problem with Bitcoin's volatility. Base on your example from your statement, you're pointing out that Bitcoin's volatile nature is the major economical problem for it to be used as a currency.
Correct me If I'm wrong.
However, I somehow get your point and It's very obvious that majority of Bitcoin owners are either hodlers or traders and isn't usually used as a currency.