Bitcoin failed as a currency - page 83.

MetalGear

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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 ?

The double-nature of bitcoin was always argued about but personally, I think bitcoin never failed in both purposes. Bitcoin is still used as a "currency" but not in the way we see as fiat. Fiat are used commonly to buy almost everything in the market and function as a currency. Bitcoin does this too but is limited to online transactions and few establishments and companies that accepts them.

Analea1

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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 ?

i think bitcoin didn't failed as a currency it can be used for a payment and investment.it set higher benchmark for another crypto to follow.bitcoin will survive as a currency.

joebrook

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Quote from: shadowdio on May 28, 2018, 09:37:34 AM

I don't agree with you that bitcoin failed as a currency it's been long years that people still use bitcoin as a virtual currency like paying bills, transfer funds, buying items online and even in japan accept bitcoin as a currency.

OP is right in some sense though, more people are now deciding to hold their bitcoins rather than using it to make payments as it used to be sometime ago. The previous issue of high fees definitely attributed to that as well. Bitcoins is now more like an investment asset rather than a currency.

miyong

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Quote from: Dreamchaser21 on April 23, 2018, 07:50:49 PM

We can't say this thing right now because the future are still bright with bitcoin. Yeah, for now a lot of black propaganda just to ruins bitcoin reputation but I still believe in the future of this thing, bitcoin will become a major currency in the future. This is just the beginning.

There are many issues that ruin the reputation of bitcoin but i still believe in bitcoin that it will recover and will remain the best in crypto currency.

Pyr3x

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What makes you? It's just that bitcoin is not developing as fast as everyone expects, and we need a few years to use bitcoin as a currency has become more popular and relevant.

Sumo

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Of course, because bitcoin does not stand still, it is developing, increasingly introduced into the economy and all areas of our life. He just needs more time.

ciciteng

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No it's NOT. In fact, it set the highest benchmark for another crypto to follow.
The main concern regarding Bitcoin is the scalability, therefore the (mass) adoption is bit slow.
However, once the LN is stable enough and able to solve the current issues, the mass adoption will just follow. It means that Bitcoin going to be HUGE!

Pistachiop

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Bitcoin Hs no failed as a currency just yet, there has been a lot of challenges facing Bitcoin yet it still has survived

jhonnydeep87

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Many assume that we should take this opportunity, even if the price has fallen and it will rise again. Those who are investing now enjoy in the future. Income will come more or less and we will definitely get added value and bitcoin represents and forever can represent countries in the crypto world. Cool

patrickj

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Bitcoin still won't considered as fizzled considering the way that it is additionally at the beginning period of overcoming the world. Despite the fact that its fundamental reason presently is to be a venture and not a money, it is as yet supportive to the general population and that is a decent point. A few nations advance bitcoin now, and its a decent begin. Sit tight for it.

Debu

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:)I think Bitcoin did not fail as a currency. Bitcoin can be used for payment and can also be serving as an investment purpose. People are still using bitcoin as a virtual currency like paying bills, transfer funds, buying items online. In-fact Japan accept bitcoin as a currency.

Syunusa

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Bitcoin did not fail as cryptocurrency. As we all know Many organisations have started accepted bitcoin as means of 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

chistiy

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I think Bitcoin did not fail as a currency, bitcoin can never fail now or tomorrow. 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.

Free1bitco.in

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bitcoin is not an offline currency like fiat money as a real means of payment, but a digital currency and will remain as a digital currency.
so I think bitcoin does not fail as currency and I do not understand why you say bitcoin fails as currency

Agapelove

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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. But for your concern, I think if Bitcoin goes steady more people would be willing to use it as a currency and be willing to buy and sell using it.

3angel84

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Yes,of course,this is our goal that bitcoin will become successful to be the currency in the future,we're still on the process,we're still on doing our mission as part of this community so,we will not lose hope that evrything will come base on what is on plan.

shadowdio

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Zawardo

I don't agree with you that bitcoin failed as a currency it's been long years that people still use bitcoin as a virtual currency like paying bills, transfer funds, buying items online and even in japan accept bitcoin as a currency.

ekalak manjeng

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for me, bitcoin survives with cryptocurrency and will not disturb the physical currency of the country. just look at how next about the currency to come.

airdrophunter

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Well, that's how bitocin's fate has unfolded right in our very eyes. We can't blame the people's demand that making its market cap and market price so high that it even reached to 20,000$ last year. Though bitcoin failed to be a currency where its creator wanted it to be, but bitcoin has also given another way of making the lives of people better.

TN0904950

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Quote from: Daseento on May 24, 2018, 03:30:57 AM

Eventually it will become stabilise someday, different government are making efforts to understand the technology behind it while some tertiary institutions have started it as a course. By the time the tech is fully understood, the volatility would reduce or eliminated. Only then, can it become a currency.

I think It may seem strange that people use currency as an investment option because we see our traditional currency losing the price every new day, it becomes unprofitable to hold, otherwise we will have fiat as an investment that is ogled as well and not just to pay for our needs
There are people who use Bitcoin as currency, so it does not fail. But that is not a rule and everyone can use Bitcoin because it is better suited to their needs.

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