Topic: Bitcoin failed as a currency - page 85. (Read 7191 times)
I think bitcoin has not failed, because bitcoin has not started yet and has not qualified as a currency. But I think, in the long run all can change because bitcoin has the potential as a currency.
i THINK its too early to say that Bitcoin has failed as a currency, The cryptocurrency ideology is just taking shape in most countries, and they have not had a proper chance to properly establish themselves as a currency. Most people still don't know much about them and those who do approach with lots of caution. THE GOVERNMENT AND THE CENTRAL GOVERNING INSTITUTIONS, have also not been fair to the crypto especially Bitcoins. we cannot therefore claim that it has failed yet it ha not been grated a fair ground to develop.
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 a long-term investment for its holders. With bitcoin people gain a doubled advantage in terms of matter. Strategies in trading should also be appropriate Do you guys think that this can change in the long term ?
This could happen
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.
In my opinion Bitcoin did not disappoint us to provide good service. Bitcoin is not a failed currency because we've seen its success, if bitcoin really fails, then we should not see it becoming popular. It depends on how you define gaga in terms of value, if it happens then it is not a failure due to price drop or price fluctuations being specific is just normal and always happens in the crypto world
The most likely outcome is that some people consider a decline in the capitalization of the most popular crypto currency to 15-20% of the entire market and a slight fall in price or a fixation at the current cost level. The first place in the ranking will be taken by another, more sophisticated crypto currency
Bitcoin has been successful in the form of currency, its fame has led it to the number one position, so that Bitcoin is getting fame all over the world.
bitcoin turns into an investment place because it has no rules and standard price. so everyone who has bitcoin can set their own price. in contrast to fiat currencies that have been regulated by the government. I think bitcoin can turn into another. but it remains a digital asset. which has a high price.
Maybe that is the main purpose of bitcoin, as investment asset and digital transaction, nothing has changed on bitcoin (function). And to replace fiat, bitcoin will not be possible, because each country already has a legal provision of "fiat". Bitcoin changes only as a factor supporting the development of fiat for better systems
I think its just more people are into using it as a form of investment because they see the potential but people are also using Bitcoin as currency but not as prominent as its being used as a investment. Bitcoin is just doing fine just the it is. Maybe if Bitcoin became not so volatile and avoid its huge spikes and drop, Bitcoin can be used as a currency more frequently.
The limited supply of bitcoin makes the potential used as an investment greater than the use as a currency. A price that keeps moving every time makes bitcoin very vulnerable if used as currency for daily transactions. However, if the bitcoin price can be stable maybe bitcoin used as currency will be the main choice for the community due to the speed and convenience of transaction services provided by bitcoin in the system.
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 will change as more people enter the market and bitcoin scales properly with faster transactions and lower fees. Only then will it become a useable currency and not just a speculative asset.
I think its just more people are into using it as a form of investment because they see the potential but people are also using Bitcoin as currency but not as prominent as its being used as a investment. Bitcoin is just doing fine just the it is. Maybe if Bitcoin became not so volatile and avoid its huge spikes and drop, Bitcoin can be used as a currency more frequently.
Bitcoin is always been used as a currency its just people are more focused on using it as an investment. Maybe in sometime if Bitcoin stopped fluctuating and become stable. More people would start using Bitcoin as a currency especially if transactions would be much more easier and fees would be much more lower.
It can possibly change in the next few years or might even take 5 to 10 years, I really can't make exact predictions about but I am sure that soon enough Bitcoin would definitely be a currency that'll be used and fiat would be no more, bitcoin's potential is bright, I am expecting it to be the currency if things go out well in the future.
Now there is enough propaganda and this destroys the reputation of bitcoin. I agree. But bitcoin's popularity does not fall. I think that our future is bitcoin and virtual currency, because it is now actual despite on all problems
bitcoin turns into an investment place because it has no rules and standard price. so everyone who has bitcoin can set their own price. in contrast to fiat currencies that have been regulated by the government. I think bitcoin can turn into another. but it remains a digital asset. which has a high price.
No one can't say that right now. Bitcoin have a bright future. It's just start of bitcoin.
I don't think so, because many people still using bitcoin as cryptocurrency. Of course, there are some people who are wanting to have more bitcoin that's why they are investing their bitcoin. But still i prefer using currency in bitcoin no other than.
what are you saying???
I think it's not bitcoin's fault, people want to buy and use cryptocurrencies but many governments making big problems for anyone who trying to make business based on bitcoin.
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