Bitcoin failed as a currency - page 43.

Redredred

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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 ?

The price volatility has made it difficult for Bitcoin to be used as a currency. If the price gets more stable Bitcoin will get much value as a coin. Another factor is that because the acceptance of BTC is still low it makes it difficult to use in real life.

ronnis.gomes

jr. member

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I have always believed that Bitcoin is more for a value reserve than for a currency and every time I am more sure of it

gbsray

member

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We can't say this thing right now because the future are still bright with bitcoin.

But not all countries accept bitcoin, so it prevents BTC to become a worldwide currency like dollar

Zigzagkuy

full member

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I think this will change in the future. Because the thoughts and characteristics of each person is different. So it can not be said that bitcoin fails as a currency. Bitcoin is famous for being the digital currency I think. So this has a different mindset of each individual.

Raven91

sr. member

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Bitcoin is supposed to be a currency but it has very un definedefined purpose for other countries, here in the Philippines many rich people and business man and woman are finding cryptocurrency very useful, thats why it is very helpful, but theres a thing, that bitcoin is not popular for simple humans and workers, thats why they cannot prove and conclude that bitcoin can be a real currency. But for me bitcoin can be a currency and it can also help us i every thing what we do.

TanteStefana

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The Future Of Work

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 hope so, because for now Bitcoin is just a bubble from a hard matherials

We are just a puppets, and whales are manipulating our market

bapetdik

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I also think that bitcoin is like an asset. This is certainly good for us when we invest in bitcoins. But this is full of risks because bitcoins are so unstable. Sometimes bitcoin is seen from different angles. this depends on how each individual.

Marlo Stanfield

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Quote from: btcmmo9314 on June 29, 2018, 05:37:42 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 ?

Bitcoin is the technology of the future, I believe in the future it will be used in parallel with paper money. It is developing well, and Bitcoin will be a major currency in the future. Let's wait.

It might be used in parallel with paper money for a little while. But I really think that paper money is going to be phased out relatively soon by most governments in the world. The control they can have over fully digital cash is going to be too tempting for them to pass up.

shaadsufi

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Bitcoin's strength lies in its network , as you can see that the transaction and account informations are spread between the servers across the globe and the best currency’s main requirement is that it should be safe from any vulnerability only then can it be used and accepted as a standard which bitcoin has proved to be.

Momoamzad

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$CYBERCASH METAVERSE

bitcoin has such feature that make it more popular crypto currency.and I think it is still on.people are very fond of bitcoin but from some months its going down and down in price so you are thinking it is failed. but the fact is this is still the best crypto. wisers are still buying btc. they use it as a currency. crypto currency means as digital currency help people to buy from online shops.

Yarsk

full member

Activity: 448

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Bitcoin have three great functions which are, bitcoin as a digital currency and bitcoin as an assets and at the same time bitcoin as a store of value. Bitcoin have not failed in carrying out it functions both as a currency bitcoin is doing well using it as payments for goods and services with eas.

aziie110

newbie

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Bitcoin has two impacts one is negative and the positive, Bitcoin price when goes down there are a lot of investors and the holders feel fear about the bitcoin and mostly pass the negativity in this thread and the other one is the reality that lot of traders are using bitcoin as investment, long-term short-term trading, using in different payments that are the main thing and the good sign of bitcoin because it is using as currency,

hurriebra49

member

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Bitcoin price is going down and down and non-stop breaking down price disturb the mind of the peoples that they thing bitcoin failed as a currency and give negative feedback due to loss, but it is not anything in this type,

DoublerHunter

hero member

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Quote from: BulbaLord on June 30, 2018, 07:25:10 AM

I think it will not happen . Because other people dont know what is btc all about . Btc also is only in online , and we need to trade before having a money . And i believe currency will never be replace .

Of course, i also believed that the currencies that we have right now will never be replace by cryptocurrencies because government are not trusting the cryptocurrencies since they can be easily created by coding or programming and a currency is hard to replace because the government are backing it and they are supporting it since it is more stabilize and more efficient to use for them.

BulbaLord

member

Activity: 261

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I think it will not happen . Because other people dont know what is btc all about . Btc also is only in online , and we need to trade before having a money . And i believe currency will never be replace .

empoy

member

Activity: 77

Merit: 33

Look ARROUND!

Currency is far and different form the cryptocurrency. Currency can be controlled and managed, yet cryptos are decentralized and doesn't depend on a single country or a single huge company. It is a successful mode of payment, yet its unstable price makes it hard for someone to use their Bitcoins. It is still successful but only as a crypto.

gvnsrbtc

sr. member

Activity: 523

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Bitcoin will be used as currency in our place for sure because bitcoin is getting more and more famous which is a sign for us that bitcoin is going to be our future currency, nothing happens within days of hours but it takes time to accomplish our aim of being rich or to see the huge change of currency from fiat to crypto which is almost don’t in many countries bitcoin is a currency, and fiat has converted to crypto currency.

Henry Sy

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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 ?

Indeed! Once the market gets bigger (considerably bigger) unpredictability should diminish fundamentally. The in addition to the lightning system will set Bitcoin up for use as a money. At present right now with its unpredictability, individuals see it as a theoretical venture.

Dortira

newbie

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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 ?

In the long term, bitcoin will show its insolvency as a means of payment. In other words, bitcoin will die. But it will not happen soon.

lemonzi

newbie

Activity: 16

Merit: 0

I do not agree with bitcoin because bitcoin is a crypto currency and in this time only a few people have understood and used this currency but in the future Bitcoin currency will become so popular. That all people will start using this currency in their daily transactions.

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