Quote from: cryptocoiner on July 06, 2015, 08:21:34 AM

Quote from: LiteCoinGuy on July 05, 2015, 08:00:44 AM

Bitcoin is switching from investment commodity to everyday use [INFOGRAPHIC]

http://www.coupofy.com/blog/bitcoin-is-switching-from-investment-commodity-to-everyday-use?utm_content=bufferb6e68&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Doubt it. From my point of view bitcoin as well as other cryptocurrencyes more and more becoming a specultaive instrument rather than a currency. In order to use it as an everyday currency it should be way more stable.

The high volatility of the BTC market has always made me believe that's one of the barriers to large scale consumer adoption. I think that it's also a huge potential service space for consumer-side services to hook up with merchant-side services and use BTC as backchannel for payments, thus helping avoid some of the volatility.

Meanwhile, the release of more easy-to-use smartphone apps and wallets (as well as services that sell BTC easily) may also be helping close that gap. The problem I've seen is that pretty much all of 2014 we saw consumer and merchant adoption flatten; now in 2015 it seems to be all about institutional adoption touting "we're going to use the blockchain!" without much regard for bitcoin as a currency.

I guess it'll be more give and take before we see BTC as currency rise again in the community. No doubt Bitcoin Black Friday will be the next canary for that.

Kyt Dotson

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