The progression of innovation then Bitcoin can be utilized as a cash. At present Bitcoin is as yet advancing and being connected in different budgetary frameworks on the planet. For a venture then Bitcoin is more alluring in light of the fact that it can bring numerous points of interest.
Bitcoin is as of now in good shape and one day I'm certain that Bitcoin can be utilized as a money like utilizing the current USD Dollar.
Topic: Bitcoin failed as a currency (Read 7186 times)
I think that bitcoin will be used as a means of accumulating valuables, it is not in vain compared to gold! Nobody has paid gold for a long time, but it measures the value!
Yeah, sure it can change in time. No one knows what will happen in future. I don’t think that btc failed as a currency because not everyone but some people use it as currency too. For me, i think it’s better to wait and see. No need to make some predictions.
Something that you can't be sure of will happen in the future, that's how Bitcoin works. You can only hope big with the increase in Bitcoin.
There will be no problems with the purchase and use of Bitcoin as an investment asset. But its value is too easily lost to be considered a real currency. At this time, virtual currency can not replace gold.
The very hesitating value of bitcoins makes bitcoin not qualified as a currency. Although many shops accept bitcoin as a payment, but use it little, bitcoin is more often used for investment or trade, because its very volatile price is certainly very profitable. At this point, perhaps, bitcoin is failing as a currency, but in the future? Nobody knows this. Technological achievements will allow using bitcoin as a currency in the future. Bitcoin always grows, the possibilities are still huge.
We can't promptly say bitcoin flopped as a cash because of the conditions that encompass it. Market cost is controlled by everyone and not on a brought together premise and due to this the cost is constantly unstable. This unpredictability makes it an ideal resource for a few people as they accept on the off chance that they purchase btc at bring down value they can offer at high when the cost is going up.
I don't think so, because there are people still using a bitcoin as currency. But it depends on the people on how they use bitcoin if it is investment or currency. Bitcoin currency is used for online transaction and the price of bitcoin is not stable so when the time comes and bitcoin price is gonna be stable it might be possible that many users will do bitcoin currency rather than investments.
Bitcoin was supposed to be used as a currency, not only a form of investment. However, it's been more successful as a form of investment, a "speculative asset".
Do you guys think that this can change in the long term ?
Do you guys think that this can change in the long term ?
Yes as we can see nobody is accepting Bitcoins as a currency.They are accepting it as a thing which can be traded and made some profit.. Everyone forgot that its a currency and nothing else.. Though its price varies time to time.
Bitcoin is still being used as currency because you can pay in millions of merchants with bitcoin and its still dominant whole cryptocurrency space.
Therefore bitcoin is both investment and currency, in next few years we will have lightening network which will make bitcoin ultimate payment gateway.
Bitcoin might keep on holding speculative value in future too but volatility might get lower down with increasing marketcap.
Therefore bitcoin is both investment and currency, in next few years we will have lightening network which will make bitcoin ultimate payment gateway.
Bitcoin might keep on holding speculative value in future too but volatility might get lower down with increasing marketcap.
I agree! Bitcoin is now a currency in other parts of the world even though it is not yet officially but it is a first step to let some improvements will happen next to its successful first stage of trying and error.
Bitcoin was supposed to be used as a currency, not only a form of investment. However, it's been more successful as a form of investment, a "speculative asset".
Do you guys think that this can change in the long term ?
Do you guys think that this can change in the long term ?
In my understanding now about in bitcoin was that it is being used by the users so far as sending money through different remittances in different countries. Then, we can also have a savings in the near future if we hold it in a long terms, aside from that bitcoin was commonly used for online payment transaction it can be use to as your business too.
I will say bitcoin remains as currency because it is used for online transactions and long-term investments which are progress made, although bitcoin prices are unstable. I think the bitcoin reputation will be more advanced in the future and I call it an asset.
I think it's too early to say bitcoin is worthless as a currency. It has no long history in this economic universe. If you're smart you have to be patient and wait what's going on.
As far as I know bitcoin is a digital currency that cannot replace paper currency, so bitcoin can be said to be a promising investment and trading asset 
Bitcoin did not fail, it just an early adoption going on, give it 5 years more, so when more company and store will accept this bitcoin currency, people will feel comfortable and use it. Then it will become worldwide currency, bitcoin need time.
The problem is not time, but high transaction fees. Bitcoin already used to be accepted in the past in much more places than it is today. What happened? High transaction fees happened.This. We've gone backwards since december. Retailers seem to have given up on accepting bitcoin for commerce, and all focus seems to be on bitcoin as a financial asset instead (see all the chatter about ETFs etc).
in fact, it is difficult to say, and maybe created this currency, but at the moment it is used as an online transit, someone holds money in this currency, and someone does not. everyone has their own opinion and reflection
Bitcoin is the best project to earn money. Therefore bitcoin is both investment and currency, in next few years we will have lightening network which will make bitcoin ultimate payment gateway. Bitcoin may be failing now as a currency, but in a few years it should be more public-friendly.It is still accepted worldwide as a payment system by thousands of merchants.
I think it's a part of currency right now. What would you call to it if it's not a currency? A PUZZLE BUBBLE? For me I think it's already Currency for my own. You can buy a lot from it and you can exchange for other Currency so how suppose you want to call from it right now?
I think it's too early to say bitcoin is worthless as a currency. It has no long history in this economic universe. If you're smart you have to be patient and wait what's going on.
Bitcoin was supposed to be used as a currency, not only a form of investment. However, it's been more successful as a form of investment, a "speculative asset".
Do you guys think that this can change in the long term ?
Do you guys think that this can change in the long term ?
It definitely can, but first manipulators have to get their profits.
In my opinion Bitcoin does not fail as a currency, its use is found to be low compared to traditional currencies. The use of Bitcoin as a currency can reach a much higher level of usage, if it has got a physical appearance. Participate to promote and accept Bitcoin as a currency or payment instrument.
At this stage, bitcoin is more commonly used as an investment and way of trading in the market, rather than as a currency, although it was its original function. Let's hope that in the near future we will have the opportunity to use bitcoin as a method of payment without any problems.
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