Q. How can Bitcoin or any other crypto coin become the currency of the future with so much volatility?
daniel.e.sanchez

How can Bitcoin or any other crypto coin become the currency of the future with so much volatility?

What needs to happen for it to become stable?


crypto bitcoin
4

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25

Apr, 2018

Cryptocurrency
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  • bob

    Bitcoin is only volatile as a speculative investment, not as a usable thing. 1 BTC is always 1BTC the same as 1 Euro is 1 Euro and 1 USD is 1 USD. Once we start using crypto to purchase things as a society instead of as a minority it will stabalize much more.


       

    answered by

      2.75 q
  • ae1996

    This is what happen when the first kind digital asset implemented by blockchain. Bitcoin using blockchain has a peer-to-peer transfer which means everyone around the world can using, sell and buy bitcoin in result having a global liquidity :)


       

    answered by

      2.0 q (claimed)
  • danieldussan

    Relative stabilization with come with massive use and efficent regulations.


       

    answered by

      25.54 q
  • kiaazad

    as more money goes into bitcoin it will stabilize more, when the value goes up it would be pretty hard to move the bitcoin in any direction by buying and selling it at a big value.
    also as the time goes on and the whales use their big bitcoin amounts they will lose their power to be distributed between more people.
    I’d say volitolity helps bitcoins stability in future.


       

    answered by

      12.51 q

Asked in Category

Cryptocurrency

Cryptocurrency is a secure, trustful and transparent digital currency which can neither be counterfeited nor be reversed arbitrarily by the sender. It eliminates the necessity of a third party involvement for the exchange, as it is encrypted and peer-to-peer virtual currency. For those who prefer non-disclosure and privacy, cryptocurrency is the solution. The use of this kind of virtual currency prevents any kind of identity theft. The concept of cryptocurrency has given birth to reliable e-cash.

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