bitcoin can only be used as an asset or as a land for investment so far and so far has run smoothly.
many say that bitcoin will become a currency, but if we think all countries already have their own currencies and so far the country's currencies in all regions are safe and accepted by the people.
then my opinion is that bitcoin must be a currency that's a difficult thing but if changing the point of view of bitcoin as an asset or investment into a payment instrument it might happen, because there are countries that already use bitcoin as payment.
Topic: Bitcoin failed as a currency - page 10. (Read 7186 times)
Bitcoin didnt fail as a currency. Due to the price of the bitcoin and how big your profit when you invest . So usually they prefer more on investing.
Bitcoin as a currency has not failed, bitcoin needs time to become a currency because the fluctuating market situation makes it unstable, this factor makes bitcoin an investment, because everyone wants to be a billionaire, they compete to invest in bitcoin.
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 ?
I think it's still early days.Do you guys think that this can change in the long term ?
Yes, initially we have seen incredible success in BTC investment (and catastrophic failure for some), but the road to mass adoption is a long one and I think we are heading in the right direction for sure.
bitcoin has everything ahead
I would not say that it has failed, however, now it seems to be at the declining stage and this drives negative thoughts and opinions about this currency. It’s one of the top currencies in the market nowadays
I think no, bitcoin was now also used as a form of payment. Many countries adapted to the concepts of cryptocurrency already and I've seen stores which accept btc as a form of payment.
I think that it is not true. BTC is gaining power and popularity so I think that its time will come soon. It's still long way to worldwide approval but I hope that BTC will be a global currency.
it will be a currency, but an investment.Bitcoin is an asset, not money. 1M block size just limit onchain transactions and bitcoin can not bear more usage.
I think that it is not true. BTC is gaining power and popularity so I think that its time will come soon. It's still long way to worldwide approval but I hope that BTC will be a global currency.
Bitcoin is more like a digital asset than a subject of calculation ! But it is convenient to use it as transactions between countries.
Interestingly, Bitcoin can only be converted into currency. In the future, no one is sure Bitcoin is a currency. But now it's still cryptocurrency.
Now bitcoin is really more active as an investment. But this is only because its price continues to rise and people see this as an excellent profit for themselves, so no one will spend bitcoin now. It is when the price is more or less stabilized, it will be implemented as a currency.
No, I don't think that volatility is a stopper here. I think that the transaction fee is a real stopper and developers' attention should definitely go into enhancing the blockchain throuput. 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 ?
I think it's still early days.Do you guys think that this can change in the long term ?
Yes, initially we have seen incredible success in BTC investment (and catastrophic failure for some), but the road to mass adoption is a long one and I think we are heading in the right direction for sure.
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 ?
Bitcoin was used by people as a means of ease in earning income and for better used - the technological innovation that might change the whole world. Thus, the challenge is much bigger than the present. The past defines the future and the great challenge lies on the future. Bitcoin is the technology that do not possess the tangibility and every investors - made investment because they can see it, they can make through it. The point of bitcoin is its decentralization and intangibilty and the trust of people in it as an investment. If in the future, this thought would be its weakness then it would turn out to be unsuccessful and in would greatly create negative situation not on the market of bitcoin but by the bitcoin and crypto itself...
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 ?
Bitcoin will operated almost 10 years and their service is very much rested, why we are suddenly predict that bitcoin was failed their task, you know this is part of the volatile movement we don't panic about this soon there is big changes of price I'm sure we just wait guys we don't dis courage count a little few moths when you wake up in the morning then you tsek the status it has a big changes of price I'm sure.
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 ?
I think it's still early days.Do you guys think that this can change in the long term ?
Yes, initially we have seen incredible success in BTC investment (and catastrophic failure for some), but the road to mass adoption is a long one and I think we are heading in the right direction for sure.
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 ?
I completely disagree with the premise. I have used and keep using bitcoin to buy things. Yes, it's not ready for adoption at scale, but like every other technology it needs time to incubate.
For the second question. Yes, I think things can change in the long term. Bitcoin could be replaced by a fairer crypto, although life is never fair, and one could argue that the way bitcoin was distributed, is as fair as it can get (as people back then didn't know the potential value) and future projects will have people waiting to try and jump in (thus the first ones being even richer than in the case of good old bitcoin).
Bitcoin could be replaced. But I don't think it will be. And I'd like to re-iterate that it works perfectly well as a currency. I don't see how paying a 0.15 cent fee for a transaction is more than trivial.
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 ?
A figure has been published that only 1.3 percent of the world population uses bitcoin as a means of payment. Of course, this is too little. However, the crypto currency is still very poorly embedded in our life, this process is still going on and will last for a long time, probably for decades. To use bitcoin as a means of payment, it is necessary that most states legalize it, this process will also take a long time. For him, you need to create an infrastructure so that bitcoin can be used directly as a means of payment, it is also a long process.Do you guys think that this can change in the long term ?
As for the primary use of bitcoin as a means of storing the value, unfortunately, I do not see the possibility of a change for the better, and this is very bad for both bitcoin and the entire crypto currency in general.
It's so early to say that I think. Bitcoin got through similar situations before. When it dropped to 200 dollars from 1k most of people thought bitcoin is dead and sell everything they have. And we saw what happened 4 years later. I don't think bitcoin is failed yet, but we have to wait new rising wave.
Every asset is speculative.
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