Topic: Bitcoin failed as a currency - page 78. (Read 7186 times)
with bitcoin is happening the same thing that happened with gold, gold was first used as a currency then it became an asset and I think that's why bitcoin is the new gold 2.0
The limited supply of bitcoin makes the potential used as an investment greater than the use as a currency. It has met the aspiration for settlement of goods and services which is major characteristics of currency.
I think it takes a long process and not instant to be able to make bitcoin as a currency, a lot of predictions that say bitcoin in 2020 will become international currency and many countries that legalize bitcoin, let's wait.
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 this idea rose from the claims of different people where the main idea is bitcoin is not a currency because it is too unstable. But in the years to come, block chain technology has a high chance to be used more since our society tends to depend on technological progress. This innovation is still in its maturing stage and has a room to grow and improve. Let us just wait what will happen next.
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 ?
Even though many people I know in this industry are holding bitcoins, there are still people that claim they still use bitcoin as payment for transactions. I don't think bitcoin already failed as a currency just because the users tend to use it more as investment and not a payment method. I hope that in the future, this will change because I believe that cryptos will be more common.
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 still believe that bitcoin has a chance to be useful currency in the market. It will take years but I am sure that bitcoin can still grow and will not be always limited as an asset in investments. Yes I agree that right now, more people see it only as investment but there are also people here that still believe that bitcoin can change our monetary system and improve our economy in the next years.
Of course available! But for this there must be certain conditions. I would gladly buy for bitcoin and would not pay exchange for conversion. But I do not like the price jumps.
Bitcoin is a crypto currency and is only for online transactions and investments, so in my opinion bitcoin can not be a legitimate currency in a country because every country already has its own currency.
and bitcoin can be used throughout the country and to be used as a means of buying and selling still must be exchanged with the currency of each country.
and bitcoin can be used throughout the country and to be used as a means of buying and selling still must be exchanged with the currency of each country.
A currency is anything termed as a convenient medium of exchange and also a storage medium of value.....Is bitcoin a currency? I will say in my opinion NO as it has not been accepted worldwide as a trustworthy stable currency and storage medium of value. However, i see it as more of a tool for speculative investment...Bitcoin as well as other cryptocurrencies still has a long journey before they actually become the mainstream alternative to present day banking payment systems
probably not now, but for the foreseeable future. when all countries have received Bitcoin, Bitcoin may be a currency like a regular currency, just a different shape. Currently Bitcoin is still unacceptable to some countries in the world, this is tough but Bitcoin will continue to struggle to convince them. and in addition to functioning as a currency, Bitcoin is a very promising investment tool.
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 In the future it will happen, Bitcoin as a currency. When the price of bitcoin is more stable.
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 ?
There has never been a new currency created by itself, so it is very difficult to imagine what will happen next. But we remain optimistic because of the demands of the international community
I don't think so, because bitcoin use for the online transactions and investment purpose.
one reason is that bitcoin has not been legalized in many countries (although some countries have legalized transactions with bitcoins). because the government of a country still considers that bitcion does not obey the principle of anti money laundering.
that's why bitcoin is more suitable for long-term investment or for trading.
I hope someday bitcoin will be accepted as a means of payment.
that's why bitcoin is more suitable for long-term investment or for trading.
I hope someday bitcoin will be accepted as a means of payment.
I think nothing is impossible. With extremely flexible and useful features such as bitcoin, it will also become a currency in the near future. The work we do now is to wait.
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 ?
Sir bitcoin is continuously movable every minute and trying to rise up even little chances but we don't quickly predict to bitcoin failed as currency because until now even in a low price it is a still a good price than other.
The price of bitcoin is not stable so its not easy for it to be a currency.
Of course We can't say this thing right now because the future are still bright with bitcoin Let us wait for Bitcoin to finally reach a certain level of stability and we will see how it will function more as a currency rather than as a speculative asset
We can never say precisely what bitcoin can be because of use relies upon the individual which one they will help us as money or investment. The reason some store or company don't adopt the bitcoin because the unsteady value and the volatility. Bitcoin isn't yet completely legitimate for across the world. By the way; we can utilize the bitcoin as a payment to others store accept it. We know whether we utilize the bitcoin as an investment we will acquire wage with it. A few people already become successful with the assistance of investing on bitcoin.
It is still too early to say that Bitcoin has failed or succeeded. Even if Bitcoin fails, there will be more economical digital cryptocurrencies. Some do not understand Bitcoin or have not studied bitcoin to stop the attack, time will prove everything.
It's not really that early. Go back 5-9 year ago and the common opinion was that if Bitcoin was traded on an international scale with hundreds and billions in volume and market cap it would have stability similar to central bank controlled currencies. Volatility has been one of the main complaints from users and critics as far back as I can't remember. And the answer was always that volatility would become far less of an issue. But clearly that didn't happen.
I think Bitcoin in general has been wildly successful. But I think of someone wants to restrict their argument to whether it's been successful as strictly a 'currency', then they could probably make a decent argument that it hasn't done too well in that regard.
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