I agree. As a currency, bitcoin is not strong enough (at the moment)
However, bitcoin was able to attract the huge attention of a large number of people to crypto-currencies, which gave a certain growth to the technological side of this direction. And let the market now in a bad state ... in the future everything can change. And all I thank bitkoinu, who helped in this in his time
Topic: Bitcoin failed as a currency - page 13. (Read 7191 times)
Bitcoin as a currency will certainly be a lot of people who reject and oppose, because of the limitations of bitcoin that do not qualify as a currency. so I think bitcoin is only an 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.
I don’t think Bitcoin has failed as a currency. The price to use the blockchain has falling to almost nothing, its save to use, and you can send Bitcoins across the globe very fast, and everyone know about Bitcoins, however most people don’t have a Bitcoins wallet, that will chance in the years to come.
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 ?
Actualy crypto its can be used in a long term investment,because its same value as a currency,and can be usable in the future,otherwise when you put it in a long terms investment,everything the value of your asset will be changes because of the price volatility in the market,while in the other hands crypto as a currency is not failed for now because its to early for now to declare a failure in cryptocurrency system.
No. Bitcoin was being used for online transactions such as payments and etc. There were also stores in our country which accept btc as payment for their goods.
Bitcoin is not a manual currency its a decentralize digital currency, so it can't fail it always wax stronger in the system.
I think we are still within the infancy period and Btc is still developing. I believe as btc matures, it may be more useful as a currency as btc becomes more stable.
It is still too early to say that Bitcoin has failed or succeeded. Even if Bitcoin fails, there will be more economical digital cryptocurrencies. Some do not understand Bitcoin or have not studied bitcoin to stop the attack, time will prove everything. 
Bitcoin is used as a digital asset because many countries prohibit people from paying with bitcoin. Some countries like Indonesia prohibit bitcoin as a payment instrument but are legally stored as assets. As time goes by, there is a high probability that bitcoin will become the global currency that everyone uses.
Not a global currency, but a global stable asset
For currency, bitcoin is too slow and difficult to use (compared to other methods of payment). But for the asset it's the number one candidate among all cryptocurrencies.
Bitcoin is more appropriately said to be a global asset, certainly not an easy thing to become a currency so I agree that bitcoin is a global asset, and I'm happy because the value of bitcoin continues to rise so that the value of assets continues to increase.
I see in terms of its function as a means of payment, the unstable price of bitcoin makes its status as a currency still doubtful, many merchants have not been able to accept this fact because in principle the characteristics of the payment instrument must be stable. Large-scale payments may not be a problem but the impact will be felt on small merchants.
But bitcoin as a currency has not failed, because maybe in the future bitcoin prices will be stable so that it can be accepted at all merchants.
But bitcoin as a currency has not failed, because maybe in the future bitcoin prices will be stable so that it can be accepted at all merchants.
This is not so, because many people who invest in bitcoin are already making profits, we just need to be patient and not worry, because bitcoin will soon be restored
Bitcoin can be a currency but just as a digital currency that has not been accepted by some countries and unaccompanied can comport yourself transactions with than some companies that have well-liked bitcoin for payment. You can create bitcoin as your "asset" because it frees us all to use it as whatever and there is no pass judgment that forbids it to be "asset" or investment. But now many have accepted bitcoin as payment services and goods.
I disagree. On the contrary, cryptomarket becomes more stable
I think Bitcoin will give us a better life, just focus.
And I'm sure that in the future it will happen. Don't be too fast about that. Enjoy it now because it is separate from it and acceptance. always optimistic
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.
Early, early, it's not yet evening. The main thing for bitcoin is technology, and with them everything is in order. All bitcoin has not yet demonstrated its capabilities
Sure bitcoin has indeed failed us a currency because all that people are using bitcoin to do is to hold it as an asset. Wait for it to grow in vaue and sell it off for profit instead of using it to trade.
Bitcoin will be used as a currency in future now you can pay when you go to hotel by bitcoin but not all hotels can accept that but i think all the country of the world must have a compromise to make bitcoin used as currency
Bitcoin is better as an asset Because Bitcoin is decentralized and we cannot only credit it to China or other countries as their currency.
Plus its invaluable investment value is not suitable as a currency every day.
Plus its invaluable investment value is not suitable as a currency every day.
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 ?
for me yes because bitcoin is not stable the value of it is always changing every minutes so i think this is a type og investment or i can say that this is like a gold because whem the supply is near to reach the demand will go high and the price will go up more. Do you guys think that this can change in the long term ?
Jump to: