Topic: Bitcoin failed as a currency - page 45. (Read 7186 times)
I think the failure of Bitcoin to be a currency is because too many complicated procedures as a requirement to become a currency. for now Bitcoin can only be called as an asset. But who knows in the future there are changes that could help Bitcoin become currency, maybe right ?.
First when I heard about bitcoin I didn't take it as a investment to take profit because I liked the technology behind it. And now I'm try to invest. I think it is perfect time because the price is down.
Bitcoin cannot be used as a currency because it is not regulated and its price is not stable. Some whales can manipulate the price whenever they want. So until these problems are not solved, we cannot expect bitcoin to be used 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 ?
It is still used as a currency but it's just much more used in trading. There are numbers of merchant out there that still accepts bitcoin up to this point and that proves that bitcoin is still a currency despite of many confusion and arguments about it.
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 ?
It is still used as a currency but it's just much more used in trading. There are numbers of merchant out there that still accepts bitcoin up to this point and that proves that bitcoin is still a currency despite of many confusion and arguments about it.
For me it is not only a store of value. Part of the cryptocurrency I hold for the future, because I see no reason to sell what in a few years will cost hundreds times more than it is now.
I also have a cryptocurrency for everyday payments. There are many stores that accept cryptocurrency, and in my town you can even buy pizza for bitcoin.
And what is wrong with the fact that Bitcoin has become not just a currency, but also an investment? I think it's great that it's evolving. People are interested in them, buying, improving. Everything is gradually, because bitcoin has no competitors.
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 ?
It has never failed as a currency as people use it to transact daily in their day to day life and purchase goods online and I am also one of those people. Bitcoin provides both the benefits that of PayPal as a payment processor and of USD that is a currency itself and is also a investment vehicle as people also use it for investment purposes. Do you guys think that this can change in the long term ?
Bitcoin has become a pure speculation object, because it doesnt serve the needs of a currency. And if you read a bit around here you quickly gain the assumption that for many people it is:
1) a religion
2) they are invested long and want to see higher prices
It is still hyped a lot in the community. In the mainstream it is exactly the opposite. And public interest seems to decline since a while.
1) a religion
2) they are invested long and want to see higher prices
It is still hyped a lot in the community. In the mainstream it is exactly the opposite. And public interest seems to decline since a while.
Currency means price stability. And if bitcoin has a stable price, then it will cease to interest investors - it will be death for bitcoin. Bitcoin will never become an international 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 ?
i don't think that would ever change the fact that bitcoin can never be used as a currency as it is so volatile. It's price literally flies and drops every other hour or maybe minutes. Maybe some firms or companies may accept them but its difficult to show cash flow so it will not be used as a currency overall. Do you guys think that this can change in the long term ?
In my opinion bitcoin is used for online transactions and bitcoin prices are unstable, but if bitcoin becomes stable there may be a chance that bitcoin will be currency, but for now, there is no possibility that bitcoin will be used as currency. because the flow of money made by altcoin is also unstable because people out there can not wait to sell if they experience a rapid increase.
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 ?
Because bitcoin is highly volatile, merchants are discouraged to use it as payment and the speculative high value of it is a good long-term investment.
I think that many people are now driven by disappointment. Bitcoin has already fallen almost four times in price relative to its peak value and this makes many people think that everything is lost and that this is the end. But this is only a temporary phenomenon.
As temporary as the rise to ~19k USD was?
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 my opinion, I say yes. The reason I've said that is because we have not yet reached the limits of technologies nor the brink of it. It is not concluded yet that bitcoin has failed as a currency because a lot of people still believes in its capabilities and I am one of them. Do you guys think that this can change in the long term ?
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 my opinion, I say yes. The reason I've said that is because we have not yet reached the limits of technologies nor the brink of it. It is not concluded yet that bitcoin has failed as a currency because a lot of people still believes in its capabilities and I am one of them. Do you guys think that this can change in the long term ?
not a failure. if in my opinion it might still be the running stage and process. because it is not easy to make bitcoin as a digital currency for the whole world .
Indeed, bitcoin just need regulation from government if we want bitcoin become currency. Unstable bitcoin price right now because cryptocurrency market is unregulated market and investor still wait and see on regulation. Its still need long process.
With the development of bitcoin is increasingly rapidly then the possibility to be utilized as a means of payment can still be realized However, the government should be prepared to make strict rules so bitcoin is not used in bad activities.
The instability in Bitcoin is somewhat worried for something planned to be a store of significant worth. However, the basic reality is that it is being acquired for hypothesis, and not as a store of significant worth or methods for trade. The quantity of examiners predominates the quantity of individuals who buy Bitcoin for some functional utilize. Hypothesis fits speedy purchasing and offering moves, while individuals who really utilize a money hold tight to it. I trust that when Bitcoin use as a down to earth money surpasses that of theorists, the unpredictability will diminish.
i'd not say that it is a failed forex because it's just a amateur compared to those seasoned and lengthy-time used currencies. it could have been present for approximately a decade, but it nevertheless has lots to experience earlier than it could be a solid and so-to-talk dependable forex. although it continues to be in a degree in which it has so many movements and developments to amass earlier than it is able to absolutely start to emerge as solid, i might say that it's far a long way off to finish just but that it's miles a failure due to the fact there are so many greater things which could manifest to it.
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