There are many of that want bitcoin to become integrated into our financial systems and for it to be a main stream form of payment so that we can easily transact with the crypto that we have either earned or that we have been able to mine over our time in the crypto world. However, in my opinion, perhaps this may not happen anytime soon. We all know that trading in the crypto world is due to the volatile nature of the coins, however this volatility that allows us to profit from crypto, could be the very reason why bitcoin can't be integrated into the financial system.
If bitcoin is used as a payment and the value changes over the course of the day, there is a disadvantage to the buyer or the merchant. Depending on the direction of the change there will be a loss on either of the two side. This is not good for business as merchants can end up selling things for cheaper than they bought it for (loss) or buyers could be paying more than what it is worth (a loss for them).
what do you think? do you agree with my reasoning? Could the trading potential of the coins be the cause of it not being integrated as a min form of payment?
If bitcoin is used as a payment and the value changes over the course of the day, there is a disadvantage to the buyer or the merchant. Depending on the direction of the change there will be a loss on either of the two side. This is not good for business as merchants can end up selling things for cheaper than they bought it for (loss) or buyers could be paying more than what it is worth (a loss for them).
what do you think? do you agree with my reasoning? Could the trading potential of the coins be the cause of it not being integrated as a min form of payment?