Bitcoin failed as a currency - page 24.

ir.yance

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Quote from: brawdias on April 23, 2018, 07:30:57 PM

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 ?

bitcoin does not fail to become a currency but has not yet arrived for that time. I do not want to say bitcoin fails to be a currency because now there are some countries that have received bitcoin as currency, we can use bitcoin in that country as a means of payment.

Allan Ramanda

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I think bitcoin is not a currency, but an asset that we can keep in the long run, then sell it when the price goes up. currency is everyone's use for exchange tools, and is supported by all sides like the government. while bitcoin is still many countries that can not accept bitcoin.

blackandred

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it is still too early to draw conclusions. bitcoin is still in its early stages . it has not stabilized. Now, its users are all over the world. as a currency, it embraces such a wide range of users. it has been successful .

samiul12

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I think bitcoin is now more valuable than regular currencies. Because now bitcoin is controlling other currency and we are addicted to it like a regular investment. And it is so long much more successful in digital business and everyday many people are joining this digital market. So in future it can take the place of other currencies.

Khalp1

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Quote from: brawdias on April 23, 2018, 07:30:57 PM

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 Bitcoin has not gotten into something like real currency because it is not a currency but rather something closer to a commodity (digital commodity), something like the digital version of gold without the intrinsic use.

bitterdog

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dApps Development Automation Platform

Quote from: brawdias on April 23, 2018, 07:30:57 PM

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 ?

Like we all already know, basically bitcoin has two main function, to be a currency and to be a medium of investment.
But, in the middle of the proccess, bitcoin as a medium for investment is more popular than to be a currency. Maybe its because for currency, bitcoin is still facing many obstacle in the permission from country thats why bitcoin is more popular to be a medium for investment. But, i hope in the future, bitcoin can balancing its role to be a currency and to be a medium for investment.

MaxApple147

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Btc will take more time to establish as an independent currency. But it will go a long way to achieve its goal to be a currency in future. Many people are using btc for many purposes now. so we can imagine it's bright future.

InboundMercury

newbie

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I thing, Btc will be a successful currency one day. It has become a source of income now a days. so it can be say that, people will use it for online transaction.

TradeParty

newbie

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We cannot say that btc is or is not going to be a successful currency. It has become a great source of investment and income. as its market and its stability, i think it will be a currency one day.

osmo

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it may be that today most people use bitcoin just as an investment, but actually bitcoin serves as currency too, bitcoin is not used as currency because still few countries legalize bitcoin, if more and more countries that legalize bitcon then bitcoin will be widely used as currency

Malam90

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Bitcoin is not a real currency. It is the world's first digital currency. Now a days, people use Bitcoin to pay utility bill, restaurant bill, car loan payment, and payment transfer from P2P. It is not a failed currency today but it is useful digital currency.

Marry Finch

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The meaning of the currency is in its stability and circulation. Bitcoin is deflationary in nature, and this means a constant increase in price and the interruption of bitcoin into an asset, rather than into a currency.

cosmicart

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i don't think it did fail, people use bitcoin for transactions, there things you can use bitcoin in paying for, even as good as purchasing a car, it has never gone out of the context of being a currency.

Cryptotissue

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Bitcoin has not failed as a currency. As it stands now bitcoin is a currency and the same time a means to invest in. For the investment aspect of bitcoin, it will not be a long term thing, bitcoin will gradually gain a fix market price in some few time to come....

gorkin0606

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I think that we will see even greater growth of bitcoin. It can happen in the next few years.

pinoyden

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Quote from: ainaya1994 on July 28, 2018, 05:38:51 AM

Quote from: brawdias on April 23, 2018, 07:30:57 PM

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 ?

maybe in the long run bitcoin could just be a regular currency but the odds are very small so I think bitcoin will be onward to be an investment ...

Bitcoin cant possibly become a regular currency because it is not a government/bank based . bitcoin is a crypto and they are only meant for online usage but bitcoin did not ever failed as a currency because many stores and merchants are now already using it as a payment method although many people are just only using their bitcoin as an investment tool because it is already known that bitcoin can increase its value in the long run.

ainaya1994

newbie

Activity: 159

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Quote from: brawdias on April 23, 2018, 07:30:57 PM

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 ?

maybe in the long run bitcoin could just be a regular currency but the odds are very small so I think bitcoin will be onward to be an investment ...

Premooooo

jr. member

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Bitcoin does not exist anymore because today the bitcoin price is high and the volume becomes bitcoin in markets because all investors continue to buy bitcoin because they expect that the price of bitcoin will rise from now on august.

riyarana1123

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In my opinion no because investors of BITCOIN use their coins in different ways it's actually depend on investor to investor that how they want to use their bitcoin.As the bitcoin is a digital currency and it is very easy to use for online transactions but,if a investor of the bitcoin wants to convert its bitcoin into fiat currency of his own nation it is also possible.Bitcoin is a currency who make their investors rich and now they are able to fulfill their dreams and not even can buy basis things but also buy luxury items.Moreover the basic function of any currency is that with the exchange of it people can purchase what they want and BITCOIN is easily use as a currency.

anume123

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Proof-of-Stake Blockchain Network

Bitcoin does not fail as a cryptocurrency because bitcoin price is still higher today it has the largest supply of all altcoin and tokens the biggest money is also being marketed around the world for bitcoin.

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