Topic: Bitcoin failed as a currency - page 4. (Read 7186 times)
I think its true.
I dont think that Bitcoin fail as cryptocurrency. As we all know Many organisations have started accepted bitcoin as means of payment and many consumers are happy paying for goods and services with bitcoin. In my opinion, bitcoin can be used for payment and can also serve as an investment. BUt because of the rising value, everybody is using it as investment
The longer people doubt bitcoin can scale, and believe that scale is the thing that will hold bitcoin back, the longer we get to collect cheaper bitcoin. Obviously Bitcoin can scale with some engineering and some time.
I do not believe that it will be used as a currency but willingly willow in the fact that it will find itself an application like digital gold
Some governments around the world have already banned the offering of original coins and are considering strict regulation to bring cryptothermines under the control of the global financial system. This suppression of digital currencies is largely due to the decentralized anonymity that surrounds the crypto-currency.
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 ?
Yes nowadays people are getting crazy for Bitcoins by investing in them as an asset only and they are not using Bitcoins as currency... Actually people are greedy enough to make profit anyhow so people are not accepting Bitcoin is currency brother they are investing in Bitcoins keeping it for long term investment or trading it and making profit.
If an item is made the currency must have its own country.
If Bitcoin wants to be converted into a Currency, it's very difficult to do it because which country wants to make Bitcoin as its currency?
If Bitcoin wants to be converted into a Currency, it's very difficult to do it because which country wants to make Bitcoin as its currency?
Bitcoin did not fail, it is just the opinion of some bitcoin haters that bitcoin has fail. For a long time, the price of bitcoin has strongly fell but the same bitcoin still maintain it stability.
No it didnt, bitcoin still has a lot of potential
Bitcoin failed as a currency because a lot of people want to use it as an investment asset (especially in countries such as China and Venezuela, where the governments rig the value of the national currency). And I don't think that it is a bad thing.
How can we say that it’s failed as currency, we haven’t used it as a currency so far. Its used as an investment asset where transactions are done online. There is still a long way to go and who knows Bitcoin will be a successfull currency and can be adopted by banks in future.
Of course We can't say this factor right now due to the fact the destiny are nevertheless bright with bitcoin let us wait for Bitcoin to finally attain a positive degree of stability and we will see how it'll characteristic extra as a currency in place of as a speculative asset
I don't think bitcoin has failed as a currency. Because this has just begun, the article is that there are already company companies in the world that use bitcoin, indeed in the course Bitcoin is very popular as an investment because it is very profitable, but in the future I think bitcoin can be an investment tool and a currency.
bitcoin is not a currency, and will not succeed to be a successful asset. Because it is already meet its limitation, it can not handle more users.
For me it's early to say failure because nowadays is it started to accept in some other big companies as a currency in some other countries. So it is a good start to become a currency worldwild.
Bitcoin has not failed as a currency because you can still patronize an item or service with it online. The only development here is that a lot of the attention has been shifted to its investment because it has become more lucrative to hold Bitcoin for long term.
bitcoin is not a currency, and will not succeed to be a successful asset. Because it is already meet its limitation, it can not handle more users.
if it is called a failure, I think it is too early, it is very difficult to realize btc to be used as a whole currency, because in terms of legality, technology, trust is far from enough, there are too many obstacles, but for long-term planning it may happen, because now this has been a lot of changes, indeed every change process definitely takes time and this big change takes quite a long time, but I am still optimistic that even though the current state of btc is still an investment asset it is more than enough for me
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 ?
Bitcoin is still on the process of getting into its goals, which is to be a currency. Maybe we don't really see any progress right now, but i think there are some news where people accepts bitcoin as a currency.
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 ?
No, if you are thinking that Bitcoin is not a currency, well you are wrong! due to if Bitcoin was being accepted as payment in other merchants businesses all over the world. And it is also being used for online transaction. Each country had their exchange where they can able to convert their Bitcoin to their Fiat currency. Which means, it is Bitcoin was being consider as currency thru online.
Well, you have a really good and solid point. These days most persons want to just make some quick bucks by investing in bitcoin for the short or long term without really paying any consideration to its main purpose or the reason for which it was created in the first place. I guess we'll just have to wait and see what the future holds and if things would change in either direction.
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