Topic: Bitcoin failed as a currency - page 15. (Read 7186 times)

In fact Bitcoin is hard to become a widely used currency. It is unstable and evaporates quickly. That leads to a lot of bad consequences for the user. That is quite the opposite of previous fiat money, little change and clear shape

Yes you are right, bitcoin is more usable as asset rather than to be currency because fluctuation make it hard to become currency. But lets wait for now, maybe in future bitcoin will more usable as currency.

I would not call it a failure because Bitcoin was never intended as a traditional currency. It was "created" as an electronic payment system based on cryptography and has succeeded as a decentralized digital currency.

What do you expect from a bitcoin currency? The coin is a commercial coin and is not regulated by legal institutions of the world government, so it is still unknown what the purpose of Bitcoin is, except for altcoins which indeed every company has provided a platform for their coin

As a totality maybe bitcoin failed on that part and many would agree on you. This is because of the stability issues where bitcoin is known for its volatility. But there are also aspects where bitcoin might just be good at. For example as a payment system bitcoin might just be used but we do have limitations though as money paid should exchange immediately back to the fiat money as it could drop in its price. Maybe there is something to do here to solved this problem. But it is up to the brilliant minds of the originator or developer.

Bitcoin is really not very popular as a currency. but I think that in the future this situation will change.

There are people using Bitcoin as currency, so it didn't fail. But it's not a rule and each person can use Bitcoin as it better fits their needs. Maybe it looks strange that people use a currency as investment option because we see our traditional currencies losing price each new day, being unprofitable to hold, otherwise we would have fiat as a glimpsed investment too and not only to pay for our needs.

It is completely out of place to use the word 'fail' to describe the situation of Bitcoin as whether it is a currency or not because there was no stated time that was specified for it to have acted differently and then seeing that it has been undergoing different stages of upgrade and development aiming at improving the operation of its network.

I think bitcoin succeed as a crypto currency, It reached a peak that any currency can’t reach. I guess it only a matter of time that bitcoin will go up again.

We can't state this thing right now in light of the fact that what's to come are still brilliant with bitcoin. Definitely, until further notice a great deal of dark purposeful publicity just to ruins bitcoin notoriety however regardless I have faith later on of this thing, bitcoin will turn into a noteworthy cash later on. This is only the start. There are individuals utilizing Bitcoin as money, so it didn't fizzle. Be that as it may, it is anything but a control and every individual can utilize Bitcoin as it better fits their requirements. Perhaps it looks abnormal that individuals utilize a money as venture choice since we see our conventional monetary forms losing value each new day, being unbeneficial to hold, else we would have fiat as a witnessed speculation as well and not exclusively to pay for our requirements. More individuals will begin utilizing BTC as money if it's fascinating for them. It can be accomplished when more stores from various parts begin tolerating BTC as installment and subsequently when the interest for the advanced money increments. The instability in Bitcoin is somewhat worried for something proposed to be a store of significant worth. However, the basic certainty is that it is being obtained for hypothesis, and not as a store of significant worth or methods for trade. The quantity of theorists predominates the quantity of individuals who buy Bitcoin for some functional utilize. Theory fits fast purchasing and offering moves, while individuals who really utilize a cash hold tight to it. I trust that when Bitcoin use as a useful cash surpasses that of examiners, the unpredictability will diminish. This could happen, and I trust later on, and if the bitcoin money as of now has a high cost certainly bitcoin will be an instrument as a cash as opposed to only a venture. As of recently it is bitcoin as a venture goal over the long haul and furthermore here and now exchanging, and if later numerous spots where shopping is as of now serving bitcoin exchanges I figure bitcoin can truly be a money. I would not call it a disappointment as Bitcoin was never planned as a customary cash. It was "made" as an electronic installment framework in light of cryptography and it has prevailing as a pseudonymous decentralized computerized cash. Despite the fact that it may not be acknowledged by everybody, it is as yet acknowledged worldwide as an installment framework by a huge number of shippers.

Why would you say that? Pessimism contributes to the backwardness of the system, why not stay optimistic and positive, setbacks are normal in every system. but always will be a comeback.

I don't think that it totally failed. It can not to carry out some functions of real money as purchase goods immediately and without fee, or buy without any gadget. But I think many problems will be solved in the future and Bitcoin become real asset with a wide range of money functions.

I know expectation was so high for bitcoin. Of course there are some missings and it requires to do some changes and developments but in the end i believe it’s not fair, to say that bitcoin is failed. I don’t agree.

Many perceive bitcoin only as a way to earn by investing, so they quickly withdraw soy money and coins.

No,according to me this is not true.Bitcoin is doing good as a digital currency .No doubt it still needs to improve a lot in order to replace paper currency.It has a bright future and has ability to replace paper currency.It is not global currency at present but it is expected that in coming years it will be a global currency and all the transactions will be through it.We should believe in bitcoin and keep on investing in it.

maybe not saying this now because the future is still bright with bitcoin. Yes, nowadays a lot of black propaganda is only to damage the reputation of bitcoin but I still believe in the future of bitcoin will become the main currency in the future. This is just the beginning

I do not think that bitcoin has failed as a currency. As we all know, many organizations have started taking bitcoin as a means of payment, and many are happy to pay for goods and services with bitcoins. In my opinion, bitcoin can be used for payment and can also serve as an investment

Bitcoin hasn't failed as a currency. Remember Bitcoin is in its early stages of development and not everyone knows about it or how it works unlike the fiat of any country. At the moment Bitcoin is a currency for online payments although people take advantage of it's speculative nature to take advantage of it. When Bitcoin goes to mainstream adoption it is believed that its price will stabilize and this will make people to be more confident in having Bitcoins.

bitcoin is just a way to make money at the moment. but once it becomes used, opinion will change

that's why many altcoin develops coins into currencies but in the end they fail and will only remain an asset even if new coin and used only certain in own platforms but it will still be difficult to change statements if the crypto currency is an asset as well as Bitcoin