Topic: Bitcoin failed as a currency - page 49. (Read 7186 times)
We might see bitcoin is going down but it doesn't mean it will failed.Its ok to used it for investing but in currency its only up to you because Bitcoin still meet its currency .Im also using bitcoin as my currency and im always believing in bitcoin to be the future currency and everyone will do believe it to
Despite the fact that bitcoin is seen more as an investment platform, bitcoin has the primary duty of being and online currency which is also known as the digital gold, bitcoin being use as a currency is very free and secured with it total freedom from third party involvement.
The instability in Bitcoin is somewhat worried for something proposed to be a store of significant worth. Yet, the straightforward truth is that it is being acquired for hypothesis, and not as a store of significant worth or methods for trade. The quantity of examiners overshadows the quantity of individuals who buy Bitcoin for some down to earth utilize. Hypothesis fits fast purchasing and offering moves, while individuals who really utilize a money hold tight to it. I trust that when Bitcoin use as a reasonable cash surpasses that of examiners, the unpredictability will diminish.
In today's state, bitcoin cannot be used as a mass means of payment, and in the future such as I believe will not change if not be more hard fork.
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 ?
Until we can using BTC physically and get legality from most of developing countries then yes Bitcoin will always be stuck for investment medium form. the main reason why it failed as a transaction form is because most people using it as investment medium and distribution of BTC is not legally accepted
Most of the people know bitcoin because they can invest the coins with the lure of big profits, so people know the bitcoin currency luck for those who invest in it.
I think Bitcoin is the top demandable, usable and most liking digital currency that is using very vast and widely worldwide that no one can compete for this and the most special thing is that Bitcoin is accepting legally and in a big amount in the government of the country level and it is the best thing to all of the holders who are holding it for long term so that is why bitcoin has most of the benefits to using to store to save for future that is the specialty of bitcoin,
Yes you say that most countries take bitcoin as a currency, but not all, and until it is so no one can agree.
In fact we don't know if it failed or not as a currency, do we? There is no way of knowing the bitcoin amount used for real-world transactions as far as I know.
Investment is of course a big part of those transactions, but how much is used for anything else is a big question mark I guess.
Investment is of course a big part of those transactions, but how much is used for anything else is a big question mark I guess.
I think Bitcoin is the top demandable, usable and most liking digital currency that is using very vast and widely worldwide that no one can compete for this and the most special thing is that Bitcoin is accepting legally and in a big amount in the government of the country level and it is the best thing to all of the holders who are holding it for long term so that is why bitcoin has most of the benefits to using to store to save for future that is the specialty of bitcoin,
I think in the future bitcoin is not only a profitable investment but as a currency or a simple payment option. Bitcoin can give us profit and never can do the same thing like bitcoin by the other coin in next day, only bitcoin can to take profit .
If the lightning network ends up being a dud than yeah you can say that Bitcoin failed as a currency but if it becomes a success and widely used than saying it has failed as a currency would be wrong.It is a success not a failure. Bitcoin just needs to improve to qualify as a currency.
bitcoin currency i think it not failed it supposed to be success and many bitcoin has a market right now and i guess it will not never be failed.
I disagree with you, despite being new to this world, I understand that the BTC has completed its mission! In fact, it's close to that, what will happen to later will be determined by the will of the people.
You're stuck in dollars and fiduciary values, you do not know what you're relating to having created this topic.
It's just an opinion.
You're stuck in dollars and fiduciary values, you do not know what you're relating to having created this topic.
It's just an opinion.
I don't think bitcoin failed as a currency 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. Bitcoin is not a failed cryptocurrency, its more of a springboard.
We cannot say BTC ha failed as a currency just yet,we must consider the fact that it has not been granted a fair chance to grow and develop as a currency as most governments have been up in arms fighting it and trying to regulate its activities, besides, the crypto phenomenon is yet to sink in to most, therefore its still too early to say that BTC has failed, there is sill lots of room for growth
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I do not think so, in my mind bitcoin only gaining strength. Yes, now the market is experiencing difficulties, but this is a temporary manifestation! I do not believe that the crypto currency will die in the next time or it will fall heavily in price.
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 Bitcoin is not failed as a currency.
many peoples bought it and sold higher than they bought, it cause bitcoin become overvalued.
If this is repeating, the price will really high now.
now many peoples considered bitcoin as an asset more than currency because they can invest their money in bitcoin.
I don't think bitcoin will ever be successful as a currency as it has been as a mode of investment. Actually the value of bitcoin fluctuates highly and that can be very much distressing for the economy of a country. But when it is used as a form of investment, it proves to be beneficial for its holders and volatility of bitcoin is the only feature that makes it possible for the investors to gain from their holdings.
The decentralized nature of the crypto instruments makes them vulnerable to many restrictions imposed by various governments. That is the reason they are not ready to accept it as a common medium of exchange.
The decentralized nature of the crypto instruments makes them vulnerable to many restrictions imposed by various governments. That is the reason they are not ready to accept it as a common medium of exchange.
Nothing always rises or falls. Bitcoin will go through ups and downs. He may even fail; but then the process can easily be restarted, since we now know how this works. At the moment, bitcoin may be too volatile for currencies. But this is the first digital currency.
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