Bitcoin failed as a currency - page 71.

Randolf007

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Adonx.one

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 ?

if bitcoin is used as currency in a country maybe it could happen, but it will be difficult. Why.?
because it will disrupt the development of a country based on the currency of each country. if bitcoin so currency no longer rich country and poor country all the same. In my opinion.

mbe48

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I think bitcoin can not replace fiat money because bitcoin is a digital asset dedicated to digital investment and has other reasons in every country. And if people are more confident in bitcoin than fiat money there will be inflation

Tugsukana

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you are right, the purpose of bitcoin at the moment is not the reason why people invest in it. for now people see it as an asset and just want to invest and make money instead of a regular source of transaction. but for sure soon its full purpose will be put in place

loraalbert

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Although bitcoin is still opening the door to predictions that may become currency. But I do not think that is the goal of bitcoin. In the current trend, decentralized supply is still prevalent and shows the support of a large number of investors and the crypto community. Therefore, we may need more time to see more important transformations from the crypto market.

jemerson1420

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No if bitcoin failed as a currency bitcoin never use tokens or money and the name of currency.

nikay12

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We can used bitcoin as an investment but as a currency used for now I think it can't be, maybe in the future if bitcoin will become stable and can be acceptable to all establishment let's see.

Michaleclark

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No, Because bitcoin is a first cryptocurrency

ClaraLuV

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Presale is live!

Initially bitcoin was created by the developer satoshi Nakamoto as a digital currency which can be used all without hindrance all through out the globe but now, due to more demand of bitcoins and due to the rise in the price of bitcoins many consider this a good investment commodity as bitcoins always has a huge leap in the crypto market than any other investment commodity or asset but that does not mean that bitcoins failed as a currency still it can be used as a digital currency all through out the world.

kokobaba880

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I think those who are doing well in the crypto market like crypto investment and crypto trading these are very profitable and important for life. Bitcoin will make us successful in the near future.

supergorg27

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I think for now there is no chance for bitcoin to be used as currency because as we all know bitcoin is not stable, maybe in the future who knows because many establishment now support bitcoin.

LePhuCuong

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Today Bitcoin develops in most countries. Codecs are expanding and everyone knows it and uses it as a payment method. It's rising rapidly

alvinmtp

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I think its just fine if people see Bitcoin as a investment, its just part of it and they're just making the best out of Bitcoin. For your concern, if Bitcoin stabilizes in the future and became suitable as currency, then people would start using Bitcoin as currency. Its just at the current moment people are just making the best out of the both worlds, Bitcoin as currency and Bitcoin as investment.

amberthomas

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Bitcoin will be successful in the coming years because many companies are supporting bitcoin. Bitcoin will be more successful in the future even though there are situations that the price fall.

Getmon

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It has not failed totally. In fact, Bitcoin is still the number one cryptocurrency in use in the whole wide world. A lot of people are saying that Bitcoin is a failure as a currency but the data of the world is saying otherwise. My personal observation is a strong confirmation that among the so many cryptocurrencies right now, there is not a single business establishment that prefers other crypto than Bitcoin. And Bitcoin is paid more than any other crypto.

Ch01ce0N3

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I think it can happen in the long term. Because the development of cryptocurrency around the world its development is very fast and good.

careCentre

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I think the main idea behind the creating of bitcoin was to provide a medium to help with transaction anywhere in the world. Also to create a system where everybody can see all transactions being made..... I think Bitcoin was intended to be a digital currency which was to be operated in a decentralized system. Bitcoin hasn't failed as a currency. Bitcoin wasn't might to be an asset for people to invest in.

soraxas01

newbie

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Bitcoin is an online currency that serves for transactions online. It dint fail but rather it was a success in using it as an investment but still it is a currency that is number 1 in cryptocurrency..

Herressy

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Quote from: poisonivy77 on June 02, 2018, 12:37:57 AM

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 ?

Quote from: Df9898 on June 01, 2018, 11:18:55 PM

certainly not because of the bitcoin has value is high and strong and its not failed.

It is not a failure actually, although bitcoin is not set as a universal currency, but being decentralize doesn't mean bitcoin has failed many investors have belief in this.

people that has been not know more about bitcoin they can actually tell that bitcoin is a failed currency but for does who had been used this a lot of time and see this as a good currency.

Farahtenan

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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, you are right Bitcoin is already failing to become a currency. Because some people even want Bitcoin as an investment asset instead of currency. And I think Bitcoin is better suited to be a long-term investment asset. Because the longer hold Bitcoin the greater the price of Bitcoin.

ilovefeetsmell

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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 ?

We can call it what we want , money, asset, international money and etc.? What do you mean can change in the long term? Long term investment? It is not connected to your title above "bitcoin failed as a currency". As we all know, bitcoin is a digital asset that can be used anywhere you are and you can carry it whenever and wherever you are.

Topic: Bitcoin failed as a currency - page 71. (Read 7186 times)