Topic: Bitcoin failed as a currency - page 53. (Read 7186 times)
I do not believe that Bitcoin is only good for investment, Bitcoin is a digital currency from its inception.It will be continuous and beginning from today, Bitcoin is as of now in good shape and one day I'm certain that Bitcoin can be utilized as a money like utilizing the current USD Dollar.
we believe ether will be the digital currency.
I think not bitcoin is so volatile that it is not suitable for use as currency and means of payment. and most people prefer to use fiat money for payment instruments. and also all countries in the world already have their country's national currency. so I think for the next few years bitcoin will remain an investment tool.
Bitcoin has to solve some internal issues like speed and security of the wallets in order to feet the global adoption. in my opinion
I think in a business there must be a period where the boundary point will go down maybe even to the point of being destroyed, just as in trading there must be supply and demand as part of the fluctuating movement of trade, but this bitcoin is unique, where the prospect that we know nothing Significantly Bitcoin, which until now the office and founder of bitcoin itself is still mysterious, I think it will be a mysterious thing in the future, I can not predict anything about this bitcoin in the future
well i think bitcoin does not yet failed as a form of currency becasue there is still future a head on Bitcoin in terms of its system. I think people need to embrace the fact that Bitcoin could really function as a form of universal currency that could deal with transaction for future. With a better system and market through the help of the blockchain system and its volatility and I believe most of the Pioneers who believe in the crypto could begin to accept bitcoin payments. When this is successful more investors will begin to join and companies will love to accept bitcoin as a means of payment.
Yes that is right that bitcoin is not yet fail as currency, although still most of the people are using bitcoin as for investment and trading , but i think when bitcoin users will increase too much then they will give preference to start using bitcoin as currency and then they will even feel it more better than to use bitcoin as fiat currency in their daily life.
well i think bitcoin does not yet failed as a form of currency becasue there is still future a head on Bitcoin in terms of its system. I think people need to embrace the fact that Bitcoin could really function as a form of universal currency that could deal with transaction for future. With a better system and market through the help of the blockchain system and its volatility and I believe most of the Pioneers who believe in the crypto could begin to accept bitcoin payments. When this is successful more investors will begin to join and companies will love to accept bitcoin as a means of payment.
when the capitalization of the crypto currency will be trillions then there will not be such market volatility, and it will be possible to talk about bitcoin slowly replacing the Fiat currency.
Why do people say that the coin failed when it takes the first line among all the cryptocurrency. Just need to wait and not invest and immediately withdraw from the deposit. Drawdown gives any coin and this market is no exception.
Bitcoin is an online virtual currency. It has no real existence. Bitcoin's price is always variable. If Bitcoin's price was at a fixed price, it could have become a real currency. Bitcoin we can trade online. I think it's too early to talk about the collapse of bitcoin as a currency. He still has everything ahead of him and we will see it, it will be something!
In my opinion bitcoin is already worth to use as currency. So far bitcoin has been used as a payment system and merchants that support bitcoin is increasing. Concerning the conclusion that bitcoin succeeds or fails as a currency, just wait first because this process is still going on.
In current state it's failed as a currency, mainly because expensive & slow transactions (from crypto currency perspective) and volatility. Don't really see this changing in the future.
Bitcoin could (like people have suggested) serve as a store of value like gold but btc as of the past couple of months has not been really a safe haven in this respect (since price all over the place).
Bitcoin could (like people have suggested) serve as a store of value like gold but btc as of the past couple of months has not been really a safe haven in this respect (since price all over the place).
no, bitcoin is not failed it is successfully performs its duty in every cases.
Yes bitcoin is a digital currency but it is also good in investment. As we can see bitcoin is not legalize world wide so it can't be used in the country that banned bitcoin as a payment furthermore it is volatile and has a limited supply maybe in the next 10 years or so we can see it as a currency as it was made for that not just a speculative asset.
i think the bitcoin is a speculative asset is right.But if it's a currency, that's not true
Bitcoin is definitely successful as a currency. Many companies already using bitcoin on their business. In transactions payments etc. And you can buy things in the market without any hassle, ofcourse using bitcoin.
The volatility of bitcoin does not make it conducive to be used as a currency. A currency should be able to be stabilized for some period of months but bitcoin does not meet this standard. The only available use for bitcoin now is investment.
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 agree that Bitcoin is a speculative asset. Maybe it will change in the future, but I am hoping that it will be a positve one. Do you guys think that this can change in the long term ?
maybe bitcoin can not be money only in some countries only. but in certain countries bitcoin can already be used like paper currency. i believe that one day bitcoin users will beat all payment systems like paypal...
I think in the future bitcoin is not only a profitable investment but as a currency or a simple payment option. I don't think bitcoin is a failed currency simply because of the lack of merchants that accept bitcoin.
for me i think people are just using Bitcoin at its full potential, they're just using the best of both worlds. I think its good that people are using Bitcoin for various reasons, maybe its currency or as investment.It is unlikely that bitcoin will collapse in the foreseeable future. The red market is just for s while, bitcoin is the giant of all cryptoworld.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.
One thing that needs to be addressed is the high power consumption required per BitCoin transaction. At current levels, or even a fraction thereof, BitCoin cannot become a ubiquitous currency until this is addressed.
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