Bitcoin failed as a currency - page 7.

ionabori

jr. member

Activity: 31

Merit: 1

Quote from: Sircoss on August 24, 2018, 03:46:38 PM

For now, I agree. It is more than investment, than a currency. But we can change that as well. If those guys above us will make some laws to regulate and handle blockchain normelly, we will have the Bitcoin currency.

I hope what you are saying comes true. But even if it has failed as a currency or used primarily for other purposes, it is not the defeat of crypto. Many projects have evolved in same way. Like YouTube started as a dating website and later became a video sharing platform.

Tilde Holst 888

newbie

Activity: 8

Merit: 0

I think Bitcoin, when formed with the intention of being a means of exchange as currency. However, at the present time bitcoin is too dynamic to become a currency. When bitcoin is stable I think it will soon become as bad as the original purpose of bitcoin.

adiva16

newbie

Activity: 39

Merit: 0

if talking today maybe many people use Bitcoin as an investment,
but Bitcoin is a future that is not for now, what will happen in the future maybe Bitcoin will be a currency but not for one country but for all countries..

syntac

full member

Activity: 338

Merit: 100

in my opinion, right. but nowadays many perpetrators of cyber crime, especially criminals, use bitcoin as a tool for their financial transactions. then our attitude or action thus, must be wiser to use bitcoin as a tool to improve the economy of the community.

muneeb.zain

newbie

Activity: 140

Merit: 0

As most people around the globe say that the bitcoin is a digital currency but what i think is that it might not become the paper currency all over the globe as an international currency.

Zabzab9

newbie

Activity: 60

Merit: 0

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 ?

Yes ofcourse.

Bitcoin is proven a kind of business where lots of people can benefit. Thus, the productivity of this cryptocurrency will lead into such series of studies that will later result into development. If people tend to appreciate Bitcoin procedures by its development, it might lead into acceptance of the majority to make it become a currency.

Furthermore, I think it is already a currency since lots of transactions are processing by Bitcoin. With that, the future of digital money is already there.

We have to believe it and appreciate the innovations.

lamcouz

member

Activity: 322

Merit: 10

As a currency, people also use bitcoin for money laundering it because bitcoin is a good strategic for money laundering. It really hard to track and if track the transaction you wont find out who is carrying out this. Thus this is good as a currency.

Demanderoca

newbie

Activity: 30

Merit: 0

Bitcoin have been still using as a currency in our economy nowadays, it means, it was not fail as a currency. It still in the process and as it became legalized and accepted, this will be more useful.

12tribes

member

Activity: 378

Merit: 11

I am not totally in consonance that bitcoin has failed as a currency. Infact the ability of bitcoin to be adopted as a means of payment is a sign that things will certainly get better and be more predictable and adaptable as the bitcoin and crypto currency becomes much more stable an reliable. The best is yet to come!

Blackwhite69

sr. member

Activity: 560

Merit: 250

Quote from: Daniel91 on August 26, 2018, 08:34:53 AM

I think it's to early to give such statement.
How old is bitcoin? Only 9 years.
We still didn't see much but only time will tell.
Please be patient and don't judge to early.

No one knows for sure how long Bitcoin will survive because that explanation has never been known by anyone but some people only have big hopes to see Bitcoin become an advantage or help for everyone in this world.

indayburakday012

newbie

Activity: 168

Merit: 0

Quote from: BitMaxz on April 23, 2018, 07:45:12 PM

I think no 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.

The other reason every country have their own currency so where do you think the country of bitcoin?

Bitcoin is decentralized and we couldn't just credit it to China or other countries as their currency.

Well it is difficult to assert that bitcoin will be used as a digital currency that could be mixed with centralized currency because the market value for bitcoin always changes as what you had mention and for that we can say that bitcoin is not for the likes of these a currency where we can use to buy commodities however, there are many applications that bitcoin could be use as a digital currency and those to eradicate corruption because of its blockchain technology. Bitcoin as a digital currency was not a failure because it is already being used as a currency but not being mixup with centralized currency. It has its own specific functions that it may be advantage for the business.

Daniel91

legendary

Activity: 3374

Merit: 1824

I think it's to early to give such statement.
How old is bitcoin? Only 9 years.
We still didn't see much but only time will tell.
Please be patient and don't judge to early.

Syarief28

newbie

Activity: 70

Merit: 0

in my opinion there is no Bitcoin that does not fail as a currency. and this is the future currency in the world. in bitcoin the future will be the most popular currency in the world.
and It's true that bitcoin is more into investment

delphic

full member

Activity: 378

Merit: 100

I don't think so.And even if it can,then a very long time.Its market value is still quite high, even after such a strong fall in the rate.It can become a currency only in case of a stronger fall or on the contrary even more colossal growth.

follor

copper member

Activity: 28

Merit: 0

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 ?

why you think that ?

MTNAX

newbie

Activity: 283

Merit: 0

I think bitcoin doesn't fail as a currency, because until now there are still many people who believe and use bitcoin as a means of payment even some countries have accepted it as a means of payment. Although bitcoin prices often go up and down but bitcoin has not failed and will continue to grow from year to year. Bitcoin can be said to be a failure if no one has used it again.

BILGPS

full member

Activity: 378

Merit: 100

As i know bitcoin is not failed as we know that bitcoin is not capable for every citizen of the country to use it to invest in it and to make money with it so now the bitcoin is useful for the users and they are fulfilling their needs.

L lawliet

newbie

Activity: 27

Merit: 0

Personally, I don't fail ... it's just that it needs a process to make Bitcoin a currency now and in the future

alimatmo2019

newbie

Activity: 295

Merit: 0

While cryptocurrencies like bitcoin and ethereum continue to see increasing levels of interest and adoptability globally, they appear to be failing as currencies. In an interview with Bloomberg, Aswath Damodaran, professor of finance at the NYU Stern School of Business compared a speculative investment to a stable currency: “

Eigig

newbie

Activity: 126

Merit: 0

Bitcoin did not failed as currency ,in fact there are countries that already accept and legalized cryptocurrency in their country ,so now it is circulating in the cryptoworld as digital currency but as of now it is just waiting to be recognized by everybody so that it will be a more successful ever.

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