Bitcoin failed as a currency - page 87.

guffie

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Quote from: brawdias on April 23, 2018, 06:30:57 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 not suitable to be called as currency. Bitcoin prices are very volatile is more suitable serve as a long-term investment asset. Because Bitcoin is more profitable to be used as an investment asset than used as a currency.

Gudhal Untu

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We are still waiting for a long time to make bitcoin into the currency, if the user continues to increase and this year can reach at least 3% then the hope of bitcoin to be a currency.

mkhadazz

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in my opinion bitcoin has become very successful by being a digital currency that can only be used for the digital world like computers and in the internet world which means bitcoin will never be physical money.

Mr.Dick

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Quote from: brawdias on April 23, 2018, 06:30:57 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 do see bitcoin as kind of currenciy for bigger expanses like a car or something, for allday use alts may be better thats true.

ranochigo

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The original intentions was to have a currency which is cheap and can serve as a viable alternative to fiat and other payment processors. While the transaction fees issue is largely solved by now, its still a problem if the adoption increases. The more obvious issue is the volatility. No one wants to use a currency which is so volatile and no one wants to invest in a currency that is stable. Until these two problems are solved, the adoption rate is likely to be extremely low.

Andrew1337

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First when I heard about bitcoin I didn't take it as a investment to take profit because I liked the technology behind scenes.
But the first guys who entered in game and they are still in game they make the price . Now it is just pump and dump world

AniviaBtc

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Bitcoin is failed to become currency now, but I know in the future it will be. Don't get too hurry about that. Just enjoy now for being apart of it and the acceptance. Bitcoin will give us better life, just focus to it.

jemerson1420

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NO IF BITCOIN IS FAILED AS A CURRENCY BITCOIN WILL NEVER USE COIN OR TOKEN.

signup01

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Quote from: brawdias on April 23, 2018, 06:30:57 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 believe it can change because we also know bitcoin is a digital economy system, and bitcoin will grow and advance very rapidly

3philong

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I think it's hard to change in the long term. As the cost of bitcoin trading is high, it is unstable. I think crypto can be used instead of cash but another kind of crypto money, not bitcoin

battistabellucci

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Btw it's the purpose of all the crypto - being just shares. At least for now

markk94

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Maybe, when the cap kinda high and the prices already become stable. Then, bitcoin could go to the currencies phase again. Because when the prices is so volatile, i doubt that many merchant/ online store would use this bitcoin as payment method. It would be difficult for the merchant/ online store to adjust the price.

handini

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Quote from: brawdias on April 23, 2018, 06:30:57 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 ?

in fact anything can happen and we can not figure it out, whatever happens for bitcoin is the best, want as an investment asset or the most important currency is the best bitcoin.

woolf12

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Not yet, but the volume of daily circulating coins is quite small, moreover transactions are sloow

Crypto Mark

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Quote from: brawdias on April 23, 2018, 06:30:57 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'm sure bitcoin will be the legal currency one day that applies to all the world's population like the European currency, Asian currency and others

Hotrod_88

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Quote from: Dreamchaser21 on April 23, 2018, 06:50:49 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.

Indeed! this is just the beginning. Since, the bitcoin has started a lot of propaganda already ruining it. But, look how successful bitcoin is. It is still surviving up to now and as far as i know, many of the company already accepting bitcoin.Maybe, in the future bitcoin will be legally accepted all over the world.

Yatsan

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Quote from: bajigur894784 on May 24, 2018, 09:44:47 AM

I think that's not a failure, but I think it's a bitcoin double functionality that can act as a currency to make payments, and can also be used as an investment vehicle because the price has experienced significant increases over time.

in other words, bitcoin is a currency that can be made into a means of payment, and can also be used as a means of storage of wealth.

I agree on this, It did not failed currency. It is far different, bitcoin just needs support and the media is against it so they will influence all to turn their backs since the price drop is happening they're taking advantage from it. Bitcoin is so underrated and ignored by the government, they didn't knew that this can lead into progress and the future of our currency not just the hassle type of currency which is the paper money. Bitcoin will definitely make it to the long term part, the rate is just declining but I know bitcoin will pull this off.

Hirameki

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Quote from: brawdias on April 23, 2018, 06:30:57 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 ?

Probably yes because many people realizes that bitcoin is not the future of cryptocurrency because of its limitation. Many altcoins that exceeds bitcoin but due to the fact that it is the most trustable cryptocurrency and has been accepted by most people that is why many people still use it. I believe that if this scenario continue, bitcoin would have stabilize and can be use as normal currency of mode of exchanges.

Theo222

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Quote from: brawdias on April 23, 2018, 06:30:57 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 ?

it can be change because bitcoin is on its way to new platform i think it will be a good currency later when it is already legal to all country.

Genamant

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Quote from: brawdias on April 23, 2018, 06:30:57 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 ?

Bitcoin price can only be stable if it is regulated so that may still be long way from being stable. That is the main problem as price can easily be manipulated by whales and big corporations. News here and there can easily bring the price down.

Topic: Bitcoin failed as a currency - page 87. (Read 7191 times)