Topic: Bitcoin failed as a currency - page 26. (Read 7191 times)
yes to many possibles of using the bitcoin advise in trip type in the tourism with the conversion but practice only need to be accepted in world scale imagine a person in Japan needing money and you here wanting to help with certainty to transfer bitcoin would be but fast and convenient only be used in this way because it is an alternative to use
Long term I still want to see bitcoin reaches $20K again, and then to $40K. But now, it has to pass the resistance at $10K first! 
There are definitely other decentralized(not necessary crypto currencies) currencies that will take place of current currencies in next months/years.
I think that bitcoin was pushed into store of value which is not bad at all - digital gold.
I think that bitcoin was pushed into store of value which is not bad at all - digital gold.
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 it will take a long time if bitcoin will become like a currency in general. and maybe all that could happen. indeed for now most people just make an investment. but I think if they want to use to transact every day. may affect the increasing value of bitcoin in the market. I'm sure for the long term bitcoin can be like a currency. if the holders want to change their way of thinking to always use their bitcoin to transact every day. and if more and more people are interested in bitcoin.
I think some people having a work then bitcoin is not focus to their mine because the currency of bitcoin will decrease in market.
Yeah most people use it as investment but some use it for online shops so it really didn't fail cause it's not yet really a currency tbh
I think no because bitcoin is used for online transaction and the price of bitcoin is not stable, but if bitcoin become stable maybe it might be possible that bitcoin will become currency, but for now, there's no chance that bitcoin will be used as currency.
The other reason every country have their own currency so where do you think the country of bitcoin?
Bitcoin is decentralized and we couldn't just credit it to China or other countries as their currency.
until the BTC is legalized, it will not be stable. Just like you wrote another case, it's sick fees for transact. Especially in the ETH system. The other reason every country have their own currency so where do you think the country of bitcoin?
Bitcoin is decentralized and we couldn't just credit it to China or other countries as their currency.
Bitcoin failing as a currency is not really as a result of some intrinsic faults in bitcoin in itself but rather as a result of its level of use.We will move past that some day
Bitcoin disappoint many of its users as many believed in bitcoin adn invested some or all of their credit ut right after 2018 starts, bitcoin gave loss after loss and like my case I have lost 70% of my investment and I have nothing now in my hands.
Maybe. Most people think bitcoin is used as an investment, they think bitcoin is used as a means to gain profit only. Not many people use bitcoin as a means of transaction or payment. In addition, only a few countries can serve payments using bitcoins. If all or most countries agree and facilitate bitcoin as a means of transaction or exact payment, then bitcoin can be used as currency.
Bitcoin can be a currency but just as a digital currency that has not been accepted by some countries and only can do transactions with some companies that have accepted bitcoin for payment.
You can make bitcoin as your "asset" because it frees us all to use it as anything and there is no rule that forbids it to be "asset" or investment. But now many have accepted bitcoin as payment services and goods.
You can make bitcoin as your "asset" because it frees us all to use it as anything and there is no rule that forbids it to be "asset" or investment. But now many have accepted bitcoin as payment services and goods.
I do not think that bitcoin is a failed currency because I believe long-term bitcoin will be a very lucrative investment ground for world investors. so I'm still sure bitcoin will be bright in the future.
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 ?
About 10 years ago, have you ever thought that there will be something called cryptocurrencies in which the people will invest heavily like they do at the moment? I guess the answer is "No". That is the unpredictable behavior of this industry and you can expect the unexpected in almost all the time. There is a higher probability that the cryptocurrencies to grow further and sometimes those may displace the fiat currencies from their current positions in the longer run.
Totally agree !
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 ?
About 10 years ago, have you ever thought that there will be something called cryptocurrencies in which the people will invest heavily like they do at the moment? I guess the answer is "No". That is the unpredictable behavior of this industry and you can expect the unexpected in almost all the time. There is a higher probability that the cryptocurrencies to grow further and sometimes those may displace the fiat currencies from their current positions in the longer run.
Bitcoin is not even a currency per say,bitcoin is a digital currency . I dont for once believe that bitcoin is a failure at all,the problem here is that people over rated bitcoin price so much
I think it doesn't matter if bitcoin is a currency or not. For me the main thing is that thanks to bitcoin I can make a profit from investments.
Yes it is true that Bitcoin fails as a coin. But Bitcoin is a digital coin. I think Bitcoin will be recognized as a currency in some or no 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 ?
I don’t think bitcoin will become a currency, due to its nature and volatility it is more classified as an asset for many. There might be chance but very slim to make it legal as a currency but it will undergo a very long debate and process. Do you guys think that this can change in the long term ?
How do you think will the future of Bitcoin look like? Do you think it will be better again? I'm like a lot of people I guess very skeptical... but who knows, currently really don't know what to think about that... however some online stores do accept bitcoins .... also thinking of buying some once again ... so tell me about your thoughts...
The actual utility has just started. Today, Coinbase announced that its users can use BTC for paying Uber in Australia and EU. We are a part of initial community. For anything to be used as currency, its popularity and usage need to increase. So that, the transactions can become easier and there is no fear of price going to zero because of no demand. BTC has a huge user base now. It can be used successfully as a currency today and so is happening slowly and steadily.
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