You are viewing a single comment's thread from:
RE: WIN 500 SP - DISCUSSION: "Should Bitcoin Just Be a Currency or Store of Value?"
I think that bitcoin cannot be a currency for now because of following reasons-
Unstable
- It is very unstable unlike our native currencies. If I have But bitcoins at 2000$ and soon They become 1500$ and I have to purchase an item so It will not work for me. it may increase in future if I hold but I want to purchase that item now so that's the case.
Transaction time
- imagine that you are standing holding your phone on the counter waiting for the transaction to complete for a packet of bread that will increase crowd in stores.
As a trader's view I don't want crypto-currency to become stable but if it's to be used as a currency. Then I prefer it to be stable, I think it can be stored as a store of value for technical people., who can quickly manage the situation that even if it crashes.
So these are my views
And I want to thank you for the contest I was feeling the same so I started a contest by my own to encourage new people.
Wait -- native currency -- the USD? The fiat that is based on debt? Falling since 1913? That stable?
I am being a little facetious here - because all Central Bank Fiat as all but stable. It's a subject for another time though.
I do agree that it's falling but the change is not so much in short interval of time . What I am trying to say is that Bitcoin can pretty damn high or low within 1 day if I want to buy a car with Bitcoin that that I purchased yesterday . And Bitcoin crashes today.Damn I am bound I will have to buy a wolkswagen instead of lambo
True - it is still volatile. I think it will level out to a more stable asset/currency once the mining has been completed.
BTW, VW is good German engineering. And lots more fuel efficient. 🚗
Lol the VW won't catch fire when you are driving it!
There is that 🔥
WV is a good company but it 's cars don't have potential to steal someone's chick. Lambo's do have
LOL just kidding
Roar's V12 and steals @globocop 's chick
WHICH ONE 👧
@varunsangwan?
One who is sitting along me in lambo
asks name
she- denies to answer
Great answer mate. Short, clear and to the point!
correction 'to the point' instead of 'too the point'. ; )
Lol thanks!
HAHA Thank you man. Glad you liked that. Always feel good when I see your posts, you present something surprising every time