Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: kaleemmalik on August 30, 2018, 07:14:44 AM
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I read some criticism around Bitcoin, because is too volatile, but this is the reason for the success of this crypto ( and others), imo
Also, why do you need a stable coin ? If you can't pay with Bitcoin for you coffe, who cares ? I mean, it is just like gold, you don't walk around paying with gold, but you know it has value.
I just can't see a clear disadvantage on being too volatile, something that could make ppl loose interest on Bitcoin. I would like to hear opinions on that.
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It is volatile because it is still in price discovery phase, as all great assets have been before prior to stabilizing.
I personally dont mind the volatility at all. It is superior mean of payment compared to cards, especially over the internet.
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Do you mean if you use bitcoin to buy something? Yes, the moisturizer until now only a few countries have authorized for payments using bitcoin or altcoin. The main problem is unstable prices and risk of large price reductions.
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I agree with.
People wouldn't buy coffee for it.
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There is a bigger issue of bitcoin if ever to use as payment. The main problem is the volatility of the coin. The large reduction would surely give a lot of headache for the establishment. Payment method is somewhat hassle both parties the sender and the receiver since a strong internet connection is requires to complete the transaction.