Post
Topic
Board Bitcoin Discussion
Re: What would you consider living on crypto?
by
Theones
on 20/09/2021, 03:58:13 UTC


Personally I wouldn't want to live on crypto because of a very simple reason, the extreme price volatility. So today if the bitcoin price is very high and it is my salary date, I will be receiving less unit of bitcoins. And tomorrow, if the bitcoin price drops by 15%, I will be spending more units of bitcoin to buy my regular supplies.

To be honest, bitcoin has not reached that point where it can be considered as a regular currency. Things might be different for El-Salvador people, but for the rest of the world, it is still an investment with extremely hugh growth potential.


That's true and I am glad someone highlighted this issue. There are many limitations of BTC that need to be sorted out before we start seeing BTC as main stream payment system. Apart from volatility, Scalability and High fees are also one of main factor that are limiting BTC use in main stream industry.
Moreover my point of view is that BTC value is still measured in USD. BTC still doesnt has its own value. It might look strange but thats what I think about BTC.