Topic: Bitcoin failed as a currency - page 18. (Read 7186 times)
I can't agree with you. Also i won't disagree.. Because bitcoin has use as asset. But very low use as a currency.. As we know bitcoin is getting popular. It can be changed. And it will
When the price of bitcoin is stable and bitcoin becomes centrally managed. Now the bitcoin will become a currency
No bitcoin is not failed but there are some reason which become the barrier in this way one of them is volatility and also the price and most important rumors.
chances are there are still not many who use digital currency to be used in a day, and it is likely that in some years there will be extraordinary developments
The price of bitcoin is unstable and varies continuously. I think it is very hard for bitcoin to become a currency
i think finally reach a certain level of stability and we will see how it will function more as a currency rather than as a speculative asset.
It is not final time. It will take more times to stable. Wait little bit and see how it survives. Bitcoin has still enough potential and thus price will be rising in the future.i think finally reach a certain level of stability and we will see how it will function more as a currency rather than as a speculative asset.
It is not final time. It will take more times to stable. Wait little bit and see how it survives. Bitcoin has still enough potential and thus price will be rising in the future.
Bitcoin's goal isn't really being a stable currency but as a medium of transaction. Before, bitcoin wasn't mostly used for investing, but to make the lives of people become easy. For easy transaction, for less carrying of money and many more. Because of spreading of technology and making it more advance, Bitcoin now has evolve on becoming a currency. But still, It can't be because of stability and lack of security.
To me bitcoin has not fail in it primary purpose which is as a digital currency for online transactions but have balanced it unilateral use which is bitcoin as an assets and as a currency and at the same time a store of value, due to this multidimensional feature bitcoin can not be judge from one direction.
i think finally reach a certain level of stability and we will see how it will function more as a currency rather than as a speculative asset.
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 think bitcoin can't change in the long run. Bitcoin will succeed in the coming years because many companies support bitcoin. Bitcoin will be more successful in the future even though there are situations where prices fall. I hope many countries accept bitcoin so that people in that country can invest their money with bitcoin.
Bitcoin is decentralized, the government and banks don't control bitcoin. It's true that many people use it as investment but there are some merchants who accept Bitcoin as payment.
Bitcoin as a digital currency not failed currency.in the meantime there are many traders who accept bitcoin for payoff and it will be recognized by the universe.bitcoin with help Internet.i m assured he will be our posterior.
BitCoin cannot become a ubiquitous currency until high power consumption required per BitCoin transaction is addressed on it's current level.
Very much. It depends on the increasing number of people who start using bitcoin in their lives.
Now I do not expect much new money like bitcoin, bitcoin needs to be spread evenly so the price can be more stable. The fluctuation of bitcoin makes the merchant afraid to accept it. But in the longer term bitcoin may be more stable, bitcoin is not fail but has failed to be accepted currency yet. I would like to see Bitcoin as a kind of exchangeable asset like gold
The problem is not even in the price fluctuations, beacuse this risk can be delegated upon a third party (like the payment processor, for instance). The problem is in transaction fees - in Dec'17 buying a cup of coffe for 2$ meant paying 75$ in transaction fees.
Now I do not expect much new money like bitcoin, bitcoin needs to be spread evenly so the price can be more stable. The fluctuation of bitcoin makes the merchant afraid to accept it. But in the longer term bitcoin may be more stable, bitcoin is not fail but has failed to be accepted currency yet. I would like to see Bitcoin as a kind of exchangeable asset like gold
Bitcoin as of now can never be a currency because bitcoin is lack of properties as a currency compared to real money.
bitcoin is not a failure to become a currency, but now bitcoin is declining in price, bitcoin will become the world currency in the future, because enthusiasts who follow bitcoin are so many, I believe bitcoin will be recognized by the world, because of the times more advanced
bitcoin does not qualify to be an official currency because it does not have an active creator who can provide accountability and periodic policies, in the end bitcoin will only be an asset like gold. The fluctuations that occur at this time do not make it fail because there is always an appreciation from speculators and traders, too extreme price movements are a pleasure.
bitcoin is not a failure to become a currency, but now bitcoin is declining in price, bitcoin will become the world currency in the future, because enthusiasts who follow bitcoin are so many, I believe bitcoin will be recognized by the world, because of the times more advanced
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