Why Using Bitcoin As A Payment Method Probably Won't Work

in #bitcoin7 years ago
Note that these are just some thoughts that came up in my head, and if you don't agree feel free to criticize me. 

Using Bitcoin as an everyday currency

I've thought about this for some time, thinking that one day maybe bitcoin could be the main payment method used all over the worlds, just like we're doing with regular money. But how would it be possible? there are so many things that bitcoin and other cryptocurrencies do better than regular money. But after some thinking i realized that it would be very hard to actually use Bitcoin like the money we use today.

The price changes

As we all know, the price of bitcoin changes every day. It goes up and down all the time and it's never ever really stable at one price. If we take a look at all the worlds currencies, (USD) & (EUR) for example, the prices of these are almost always stable and make changes in a longer period of time. That's why keeping such currencies as USD is a much safer choice. When you have a bitcoin wallet, stored with a lot of money, you'll see the prices go up and down all the time, and it almost never sits stable.

Future

Maybe in the future it could become a thing tho. We never know what might happen to bitcoin. Maybe it will become really stable one day, so we all can use it without knowing that there's a chance of all your money going down in value. 



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You seems to be equally inactive like me, bro. What happened?

I don't know, i gotta come back and post more lol i just forgot about it for so long.