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[AudraMiller]

We as a whole need bitcoin to turn into an ordinary money and something that we can use at all dealers. Indeed bitcoin and its use is effortless, and this is true for the other crypto as well. It would be an extraordinary as a payment system for online sites also, without us agonizing over data fraud and so forth. Nonetheless, as per an ongoing article that was distributed, Ray Dalio says that bitcoin may not turn into this coordinated currency as we are seeking after it to be.

Ray Dalio is an extremely rich person, and as per him, bitcoin is excessively unpredictable and because of this unpredictability it would not be a decent money to use for regular use. This bodes well, as the unpredictability could bring about a misfortune to the purchaser or the vender relying upon what direction the market goes throughout the days that the exchange happens. Moreover, the acknowledgment by banks and governments will be a hard one to accomplish, as it might fill in as a serious competitor with them. Finally, with bitcoin cost being so high, could there be a descending pattern coming that we are not yet ready for?

What do you folks think? Are these authentic reasons with regards to why bitcoin won't be embraced completely? It sounds good to me, particularly the explanation of instability, in any case, I need to concede that in spite of this I actually am seeking after crypto to turn into a significant currency in our economies in the future.

 

[sagefave]

I second this opinion totally as because of its instability in price, Bitcoin is not an ideal method of payment for manufactured goods, it is more acceptable for online transactions usually website subscriptions and upgrades, and digital products

 

[Josemendez]

Ofcourse the challenge Bitcoin has been facing with respect to being accepted by government is no longer new. The fact remains that it won't stop it from soaring higher

 

[Brain]

Bitcoin might be limited by some factors but it will still excel In the long run. So when once it will embrace by the government it will be a lot better

 

[CrazySher]

We as a whole need bitcoin to turn into an ordinary money and something that we can use at all dealers. Indeed bitcoin and its use is effortless, and this is true for the other crypto as well. It would be an extraordinary as a payment system for online sites also, without us agonizing over data fraud and so forth. Nonetheless, as per an ongoing article that was distributed, Ray Dalio says that bitcoin may not turn into this coordinated currency as we are seeking after it to be.

Ray Dalio is an extremely rich person, and as per him, bitcoin is excessively unpredictable and because of this unpredictability it would not be a decent money to use for regular use. This bodes well, as the unpredictability could bring about a misfortune to the purchaser or the vender relying upon what direction the market goes throughout the days that the exchange happens. Moreover, the acknowledgment by banks and governments will be a hard one to accomplish, as it might fill in as a serious competitor with them. Finally, with bitcoin cost being so high, could there be a descending pattern coming that we are not yet ready for?

What do you folks think? Are these authentic reasons with regards to why bitcoin won't be embraced completely? It sounds good to me, particularly the explanation of instability, in any case, I need to concede that in spite of this I actually am seeking after crypto to turn into a significant currency in our economies in the future.

As we know that bitcoin is not stable, so it can't be used as a real currency system, if it have a stable and certain value in future then it will be used as a real currency.

 

[ELSA-ELI]

The main problem is that it is highly volatile hence making it value adjust eigher upwards or down wards abnormally ,the bit is not bondable and it does not have reserves.Where bonds are secured onniys behalf.It's a virtual currency and it can't be touched like the way we touch paper money.

 

[Brain]

As we know that bitcoin is not stable, so it can't be used as a real currency system, if it have a stable and certain value in future then it will be used as a real currency.

Yeah no stability with crypto currency so it will be difficult to have it as real money. Again, it is digital money which can't be touched or used physically so here lies the problem

 

[SCAMEXPOSER]

To a greater extent the volatility nature of bitcoin comes with season just like few other commodities that are being traded in the market they have their dull and boom season.

 

[Wisdom01]

I think bitcoin might still be accepted by some sectors in the financial basis , because its now been used by payments companies , so gradually its getting there

 

[SCAMEXPOSER]

I think bitcoin might still be accepted by some sectors in the financial basis , because its now been used by payments companies , so gradually its getting there

Definitely it has that potential but the recent crash is not good one for people that Invested recently in it , I hope it kick back.

 

[Niftyicon]

All the points he made are quite true and I can easily see reason with them. The fluctuations in the price of Bitcoin make it a risky tool in carrying out financial transactions at that level indeed.

 

[achawaskey]

It is quite unfortunate that the Faith of Bitcoin will be tire to the this reasons especially with the fluctuations of Bitcoin one can't really predict its future.

 

[SCAMEXPOSER]

It is quite unfortunate that the Faith of Bitcoin will be tire to the this reasons especially with the fluctuations of Bitcoin one can't really predict its future.

Without fluctuations bitcoin can't be sustained so the fact is that people that should invest in Crypto currencies should be people that are aware of it dynamism.

 

[Brain]

Without fluctuations bitcoin can't be sustained so the fact is that people that should invest in Crypto currencies should be people that are aware of it dynamism.

Definitely, the fluctuations is the attribute of bitcoin and a feature that will be difficult to eradicate. This is why that want to indulge in it should know about this before indulging it

 

[Wisdom01]

Definitely it has that potential but the recent crash is not good one for people that Invested recently in it , I hope it kick back.

The recent crash i think shows that bitcoin can fall deeply and also r but this won't stop people from investing it ,i think a lot of people would still invest despite that

 

[microunit]

really simple answer to this as to why most financial sectors doesn't want to adopt bitcoin or most cryptocurrencies is because of its volatile nature as they may incur losses along the way

 

[SCAMEXPOSER]

really simple answer to this as to why most financial sectors doesn't want to adopt bitcoin or most cryptocurrencies is because of its volatile nature as they may incur losses along the way

It is a trading asset that they should adopt because even the US dollars and other forex are also volatile too so if more institution uses it may not be that volatile as it is now recall is more stable compare to 2017

 

[chicnthin]

People are still trying to learn how the crypto currency works. As per your question, you have said so yourself that bitcoin is unpredictable. It will go up or drastically go down which costs major losses to financial sectors.

 

[SCAMEXPOSER]

If any one wants to introduce someone to bitcoin Investment let him be aware that there is risk involved it also like every other business and the risk may be higher and it also required patience.

 

[aryan4]

The low interest environment and inflation fears, especially in countries such as the USA, attracted both corporate and individual customers to bitcoin.
Financial systems will one day try to fulfill the justified demands of these asset investors.