Topic: Bitcoin failed as a currency - page 50. (Read 7191 times)
no, i think that is the wrong statement.the journey is still long and bitcoin is still new in the world of currency
Many think that bitcoin had reached its peak value of 19000 USD and will never reach that standard again but fail to see the point that even though it is at a correction of 6200 USD as of this day, it is the 6th strongest currency in the world without being regulated by any central authority so it has definitely not failed.
Why they think that bitcoin failed to be a curenccy, it is already a decentralized and peer to peer currency a digital curenccy. Bitcoin is a successful curenccy, and not only a digital curenccy but it is also a digital asset, it is an investment.
I think bitcoin cant failed as a currency because how comes that the company of bitcoin will be failed,the role of government is needed to provide a sense of security for someone if you want to invest in bitcoin.
Bitcoin has been used for investment.
Bitcoin is feasible to be used as a tool for transactions but its use is still very limited.
Transactions with Bitcoin are still questionable because of their unstable value.
Plus there are some countries that do not legalize the use of Bitcoin, making Bitcoin difficult to accept.
Bitcoin is feasible to be used as a tool for transactions but its use is still very limited.
Transactions with Bitcoin are still questionable because of their unstable value.
Plus there are some countries that do not legalize the use of Bitcoin, making Bitcoin difficult to accept.
Bitcoin is not a failed crypto currency more of a springboard. Bitcoin will remain however there needs to be a way to protect bitcoin as well as other altcoins. Whomever births the way to protect crypto currency will become insanely wealthy. The wifi circuit must be removed modified so it doesnt connect to the Internet protecting our digital assets.
I do not think so. Bitcoin has not yet fallen to such an extent that it can be said about his death or something else. Yes, after correction, the price of bitcoin has greatly reduced, but this does not mean that you need to panic. On the contrary, we should consider this as a chance to buy more coins, because soon the growth will begin again and everyone will talk about 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 ?
Do you guys think that this can change in the long term ?
Bitcoin has actually become a new form and means of payment. Its not yet reaching tge point of be coming a currency but it only shows that the technology of it has tge potential for the future. Bitcoin is one of a kind form of payment, if it will be fully recognized it will surely show itself as more than capable 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 ?
I would not say that it is a failed currency because it's just a newbie compared to those seasoned and long-time used currencies. It may have been present for about a decade, but it still has a lot to experience before it can be a stable and so-to-speak reliable currency. Although it is still in a stage where it has so many movements and trends to amass before it can actually start to become stable, I would say that it is far off to conclude just yet that it is a failure because there are so many more things that can happen to 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 ?
Bitcoin is both an asset and a currency, but it's more like a currency since bitcoin an ever growing currency. It's wise to consider bitcoin as an investment and chose not to spend it but just hold it until the right time has come. We are still not losing the point and the use of bitcoin, bitcoin can still be used as an exchange for good or services.
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 do agree that bitcoin is now indeed being used more as an investment rather than a currency.
This could be attributed to there isnt much of a market that accepts it as one due to its volatility.
Business entities that will accept it will see the risk of doing since they may loss a lot by doing so.
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 ?
No. I think that instead of bitcoin, another altcoin will be used, which will be better in all respects. Do you guys think that this can change in the long term ?
Bitcoin as a currency has not failed since many merchants accept BTC, many people are using bitcoin as a currency so far as it facilitates their transactions. The truth of the matter is bitcoin has it value and unless it loses its value which is unimaginable and unthinkable it still performs the task other traditional currencies does. For me I think many others will start using bitcoin when it best fit their needs. Also lets us not forget that it is really hard for people adapt to change. Therefore let our mother coin run it course gradually.
It has not failed, and because you are saying it, it means that it is true? came on mate, you seriously need to understand for what kind of purposes bitocin has been created
I think it depends on the perspective of each person!
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 a crypto-currency coin and it's totally decentralized. Bitcoin is failed to currency because of its price violate and nobody can not control this .Bitcoin is an innovative payment network and a new kind of money but its can't be the international currency like as euro,usd Do you guys think that this can change in the long term ?
Yes due to its high volatility it has failed as a currency but turned out to be a good investment but i do think it can change in the long run there will be a time when it will be used as currency and less as an investment it was its initial idea also to be a digital currency which would replace traditional money
of course, because bitcoin is digital and its value is also unstable. with its fluctuations, bitcoin is more worth mentioning as a digital investment asset.
I think not, because if it will be made in currency, bitcoin price is very expensive. besides the bitcoin price is also very volatile, the price is not stable and the price is determined from the amount of sale and purchase volume,
Indeed, now a very visible that bitcoin is used for investment. It can not be denied if bitcoin is more visible as an investment asset than is seen as a means of payment. This is because bitcoins are limited due to state policies that prohibit bitcoin as a means of payment so bitcoin can not function as a means of payment maximally. Bitcoin only performs its function as a means of payment in a country that gives legal status to bitcoin. In a country still banning bitcoin, bitcoin is used secretly. So in my opinion, bitcoin has not been declared a failure as a means of payment when bitcoin is still used as a means of payment.
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