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[–] Baconmon 1 point -1 points (+0|-1) ago 

Yeah it does need internet, which is a disadvantage of it compared to fiat or gold, but enough people feel like they will always have internet access save for an apocalyptic disaster so I guess most people don't mind that disadvantage..

There are already many businesses that will accept cryptocurrencies (rakuten, overstock, newegg, etc) despite the volatility, maybe because they convert it to fiat quickly as soon as they receive it? (Although I know overstock keeps 50% of the crypto it receives for the purpose of investing in them..)

But yes, the volatility is a current issue with cryptocurrencies, and it will continue to be that way until they become mainstream and the price finally levels off and stabilizes.. The more wide-spread a particular coin is, the more stable the price tends to be.. This is why bitcoin is the most stable coin price-wise compared to all the other coins (although compared to fiat like USD, bitcoin is still wildly unstable)

It will continue to be mostly an asset class until it becomes very mainstream.. Over time it slowly morphs from an asset/currency class to just a currency class..