Topic: Bitcoin failed as a currency - page 81. (Read 7191 times)
That is actually a big problem in my opinion that everyone is ignoring because of returns it is giving. The primary focus of its use should be as a payment medium only.
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 ?
It is a specialty of bitcoin, bitcoin can be used for online transactions, and also bitcoin can be used as an asset because bitcoin values can increase high, holding in the long run can provide maximum benefits.
Actually bitcoin is potentially good as currency but i guess now bitcoin fails as currency because its value is unpredictable and can change anytime. Perhaps along with the progress and growing the better bitcoin can be perfected and used as a currency.
It'll take a lot of time and many processes before bitcoin becomes a currency. Even tho its popular, you can't just change any country's currency specially the big ones.
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 it will be as a payment. Because nowadays in digital many companies use it to pay their pariner that help them in build digital assets. Maybe will be expand to others area too.
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 still considerable as a currency, it is still circulating in the market as a medium of exchange in various countries worldwide, although it is more popular as an investment choice, it gradually inches its way to succeed as a currency. The expansion of coverage and acceptance from big companies worldwide is a sign that bitcoin is still marching its way to become a stronger currency in its full potential. Do you guys think that this can change in the long term ?
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 ?
It depends on you if you want to use bitcoin as an investment or for purchases purpose. No one is dictating you what you wanna do to your coin.
About me, I'm using both. If i want to buy something online, i pay thru bitcoin; but i also invest, for it to profit more.
In the long term, of course bitcoin will increase its price (no doubt), so it is also wise to invest. So I'm suggesting you to invest.
I think not, because until now bitcoin is still used and not completely abandoned. maybe for other currencies are also the same, fall and rise repeatedly.
I don't agree that Bitcoin failed as a currency. We never know what will happen in the future. As long as Bitcoin survive longer there's a bigger chance that it will become a currency in the future. Our technology is improving as will as the way of living. Hoping for the goodness of our economy through 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 ?
At the moment, bitcoin is really used more as a tool for investing, but it should not be forgotten that in some countries it is accepted as a means of payment, and the number of establishments where bitcoin can be used as a payment is also increased. Do you guys think that this can change in the long term ?
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 ?
Many people prefer to bitcoin as investment because it is more convenient to use as investment. However, many people say that bitcoin can also use as currency where you can exchange it in some valuable things especially on online market. Furthermore, I agree that bitcoin is more successful as a form of investment. Do you guys think that this can change in the long term ?
i believe that one day bitcoin users will beat all payment systems like paypal, neteller, and so forth. Of course all countries will legalize bitcoin so bitcoin becomes the international crypto currency
indeed the purpose of sotosi nakamato creates bitcoin as money. maybe bitcoin can not be money only in some countries only. but in certain countries bitcoin can already be used like paper currency. such as in Korea and Japan .
I think that bitcoin is only at the beginning of the great long way of mistakes and successes, but we need to adopt and support it all ways
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 ?
For me, bitcoin can't change in the long term. 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. I hope that many countries accept bitcoin so that the people in that country can invest money.
Too early if we conclude that bitcoin fails as currency. Since the beginning bitcoin main function is as an asset and commodity but further developed so that it can be used for payment. It is a success not a failure. Bitcoin just needs to improve to qualify as a currency.
If the lightning network ends up being a dud than yeah you can say that Bitcoin failed as a currency but if it becomes a success and widely used than saying it has failed as a currency would be wrong. The main purpose of bitcoin is to make the people the owner of their own money and it is great in doing that.
I don't think it's exactly failed, since I've used bitcoin to buy things numerous times in the past two years or thereabouts. One of the biggest issues in my eyes is the extreme volatility, and that's why you wouldn't want to get paid in bitcoin but cash money instead. No one wants to hold a currency that could drop by 30% (or more) by the time the sun comes up in the morning!
And on the other hand, what makes bitcoin so attractive to people is the fact that it's volatile and the potential for capital gains is so great. Because of that, and all the people trading it, bitcoin is indeed an excellent speculative asset and could be a decent store of value, but again only if volatility comes down.
Think about the fact that bitcoin isn't even 10 years old yet. It's still far too early to consider any aspect of it "failed" yet.
And on the other hand, what makes bitcoin so attractive to people is the fact that it's volatile and the potential for capital gains is so great. Because of that, and all the people trading it, bitcoin is indeed an excellent speculative asset and could be a decent store of value, but again only if volatility comes down.
Think about the fact that bitcoin isn't even 10 years old yet. It's still far too early to consider any aspect of it "failed" yet.
In the future, with the hope, it is used as a form of payment instead of as an investment option. At present, there are many great websites offering Bitcoin services as a form of cash, which is good news for us.
I think not, because until now bitcoin is still used and not completely abandoned. maybe for other currencies are also the same, fall and rise repeatedly.
may be the failure of bitcoin as currency in the real world, bitcoin in the real world is not valuable because no one set bitcoin. if bitcoin digital bitcoin has been very successful because bitcoin as an online payment tool and many use bitcoin as their job.
I think not, because until now bitcoin is still used and not completely abandoned. maybe for other currencies are also the same, fall and rise repeatedly.
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