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[AudraMiller]

One of the main things that is trying to be achieved by Bitcoin and the cryptocurrency world is the global adoption of the crypto coins. In this way the demand will increase and in turn the value of the coins will rise drastically as well and give new uses to the coins that are adopted. However, there are many that believe that this may not be the case.

According to Goldman Sachs' head of the investment group, a coin that is this volatile in value cannot be a unit of value. She further went on to say that just because there is much interest in it, does not change the fact that the volatility of along term investment into Bitcoin is high and very uncertain. Do you agree with this as well? Is the volatility holding Bitcoin back from its true potential and adoption globally?

 

[Brain]

But this is the truth, it's a logical auguement because bitcoin is very volatile and to a large extent can't just be rely on. Unless one is sure it won't crash badly in future like what is always predicted

 

[Rollerkid]

But this is the truth, it's a logical auguement because bitcoin is very volatile and to a large extent can't just be rely on. Unless one is sure it won't crash badly in future like what is always predicted

Yeah, that is just the truth. It wouldn't be easy for most people to be accepting crypto currency as a unit value because of its volatile nature. Only the few prepared people will take that risk.

 

[Niftyicon]

She has just stated it the way it is. We shouldn't let bias cloud our judgements where bitcoin is concerned. It is better to tread carefully.

 

[Rollerkid]

She has just stated it the way it is. We shouldn't let bias cloud our judgements where bitcoin is concerned. It is better to tread carefully.

Sure, that is a good observation. Every thing in life has disadvantages and advantages and we shouldn't always look at only the advantages but both like the thread is about.

 

[Niftyicon]

Sure, that is a good observation. Every thing in life has disadvantages and advantages and we shouldn't always look at only the advantages but both like the thread is about.

Thanks for stating it the way I was thinking it. The fact that most of what we want for bitcoin is positive, does not mean that there are no possible negatives somewhere.

 

[Wisdom01]

Nope i don't think so, and meanwhile bitcoin is already been adopted globally so there are many positive prospect attached to bit co in,,and if its not a flunctuating coin then how do they expect it to be

 

[Rollerkid]

Thanks for stating it the way I was thinking it. The fact that most of what we want for bitcoin is positive, does not mean that there are no possible negatives somewhere.

Yeah, that is true. Just look at those of us who invested in bitcoin when it was above $40k expecting it to climb to $50k, but it hasn't happened yet. So this is just one instance.

 

[GoldenLady]

One of the main things that is trying to be achieved by Bitcoin and the cryptocurrency world is the global adoption of the crypto coins. In this way the demand will increase and in turn the value of the coins will rise drastically as well and give new uses to the coins that are adopted. However, there are many that believe that this may not be the case.

According to Goldman Sachs' head of the investment group, a coin that is this volatile in value cannot be a unit of value. She further went on to say that just because there is much interest in it, does not change the fact that the volatility of along term investment into Bitcoin is high and very uncertain. Do you agree with this as well? Is the volatility holding Bitcoin back from its true potential and adoption globally?

Not really. The greatest limit that it's volatility places on Bitcoin is that it limits people from using it for day to day transactions.

People still want to use it a tool to measure value, especially against other cryptocurrencies.

 

[BullyMaguire]

Well she's got a point right there alright, but for me that unstable nature of Bitcoin is what makes it more appealing for me. It's just a game of investment after all.

 

[Wisdom01]

Yeah, that is true. Just look at those of us who invested in bitcoin when it was above $40k expecting it to climb to $50k, but it hasn't happened yet. So this is just one instance.

Yeah i think if you know how to trade you wont have issues with that and you would either set the right point to buy and sell and know when to take your profit

 

[Josemendez]

Well , if Bitcoin lacks volatility then it won't be any thing different from Fiat currency. The volatility is what makes Bitcoin to appear like a goof asset and investment .

 

[Niftyicon]

Not really. The greatest limit that it's volatility places on Bitcoin is that it limits people from using it for day to day transactions.

People still want to use it a tool to measure value, especially against other cryptocurrencies.

You are so right. That was my exact reason for thinking that doing buying and selling with stable coins should be a more welcomed idea than considering btc for such.

 

[Wisdom01]

Although bitcoin meets the requirements as an exchange medium, as a store of value and a unit of account, it fails. Bitcoin has proved to be too volatile to make it a stable vehicle to store value for long periods of time, unlike fiat currencies like the U.S. dollar.

Yeah i think if it comes as a stable coin people won't make profit from the coin , so its volatility is also an advantage and a disavantage too i think

 

[Rollerkid]

Yeah i think if you know how to trade you wont have issues with that and you would either set the right point to buy and sell and know when to take your profit

Sure, that is the best strategy. But for the beginners they were already panicking about their investment and most of them even sold out their investment at the loss. But that shouldn't be case anyways.

 

[achawaskey]

I think this is one of the reasons major countries have not adopted bitcoin as a means of payment because of its volatility. But the volatility can be checked with demand and supply.

 

[Rollerkid]

I think this is one of the reasons major countries have not adopted bitcoin as a means of payment because of its volatility. But the volatility can be checked with demand and supply.

Yeah, that is true. And because of its volatility nature, businesses dealing with cash in, cash out on daily basis might find it difficult to accept bitcoin.

 

[Josemendez]

Yeah, that is true. And because of its volatility nature, businesses dealing with cash in, cash out on daily basis might find it difficult to accept bitcoin.

Cryptocurrency is not for businesses because of it's high volatile nature . It is basically for investment by individuals and institutions.

 

[Rollerkid]

Cryptocurrency is not for businesses because of it's high volatile nature . It is basically for investment by individuals and institutions.

Yeah, that's really true. Dealing with cryptocurrencies in business can reset your income to zero value and all your effort will be wasted if the coin fall.
Since cryptocurrencies are more volatile, then I think investment will be better because every investment involves high risks.

 

[Balint098]

Unless, you're actively trading, like selling yoyr crypto as an exchange I don't think it can be business in the normal sense at all, it's more like an investment.