Topic: Bitcoin failed as a currency - page 35. (Read 7191 times)
the possibility of bitcoin has not fully qualified, and many people do not know about bitcoin yet.
You are right but there is no fault of bitcoins in this. The developers wanted it to currency but it is the users who decide the ultimate use.
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 ?
What is a currency supposed to do? Used as a measurement of value and used for exchanging with other stuff.
I think bitcoin works with both purposes. It is basically a virtual currency that we can use to trade around the globe.
It didn't fail at all.
Of course this is a long process and can not be instant, to be a currency then it takes a long time and massive socialization. So it will be solved by the time when Bitcoin will become more popular then more merchants will starting accept Bitcoin.
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 has not failed as a currency. It is a digital currency operating on blockchain technology. People are investing in bitcoin because of the potential it has to increase in its market value. Do you guys think that this can change in the long term ?
It fits in with one type of asset. Stability that is essential for a currency that Bitcoin does not have. In fact, it varies considerably in value and fluctuates continuously. Therefore it is used to make a high profit investment tool. Along with that is exchanging with other coin as well as dollars. I prefer to call it a property rather than a currency although it has no apparent shape and I can not grasp it
It never was a currency but it is similar, back then, the main purpose of bitcoin is to send money anywhere anytime globally without having to pay the micro transaction fees which is a big deal if you are sending money dar across the globe, a lot of people take advantage to that because it does really help them sending money to someone. In that particular aspect bitcoin was a success as a form of currency not literally a currency itself
It is a great possibility in the future of course, i'd say Bitcoin will slowly die off sooner or later due to its old-fashioned, less adaptive towards the advanced economy. 
Bitcoin prices do continue to fluctuate and many people invest long-term in them. But bitcoin does not fail, bitcoin at this time has managed to become another currency alternative for online purchase payments as well as to pay the insulting fees at the hotel.
Now more and more organizations and various enterprises are starting to accept payment in bitcoins, but at the same time we can still earn on its growth, thereby it can be called also an asset on which you can earn in addition to payment.
The limited supply of bitcoin makes the potential used as an investment greater than the use as a currency. A price that keeps moving every time makes bitcoin very vulnerable if used as currency for daily transactions. However, if the bitcoin price can be stable maybe bitcoin used as currency will be the main choice for the community due to the speed and convenience of transaction services provided by bitcoin in the system.
Like gold, gold was not considered at all but is now very precious. And it took a long time to prove it, bitcoin was the same, it was only 10 years old and it was very young. While you can get bitcoin, keep looking for it because its supply is limited.
Regarding Bitcoin as a currency that has been proven true, bitcoin has been used as a paying tool on many platforms until now.
Regarding Bitcoin as a currency that has been proven true, bitcoin has been used as a paying tool on many platforms until now.
As big as bitcoin is, it's just a matter of time until it DOES get accepted more especially as a currency.
The main idea in your message is that Bitcoin is successful. It develops and therefore it was perceived as currency, and now as a form of investments. Perhaps, with the development of time it will again become as the main currency, and may on the contrary, will be the most desirable investment. It is very difficult to guess.
I think btc has no reason to fail them as currency.
Bitcoin isn't failed currency. This is legal & Successful currency. It's not national it's international currency. Day by day this users increase.Most people this currency some knowledge. Day by day this currency popular.Most country people this currency knowledge.This currency earning from Country increase economic. So I there for bitcoin Successfully currency for world wide.
Bitcoin is still a new technological innovation. Less than 20% of the entire population of the world have started using it maybe because of its very volatile. But as soon as more people know about it, say 50% of the population and it achieves stability, then its going to be used as a currency as well.
bitcoin is not failed,it is good currency to invest in market, it is first in the market compared to other coins.it will slowly gained the market.
Let us wait for Bitcoin to 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.if the bitcoin price can be stable maybe bitcoin used as currency will be the main choice for the community due to the speed and convenience of transaction services provided by bitcoin in the system.
it has not failed yet, i think that bitcoin has a huge path to keep recovering before something bad happens, it is more than alive for me and it will keep going on for more than years
It's just money for speculation and no real value. Because virtual currency is forever virtual currency
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