Things have changed due to the development of information technology,
last time, to buy something you have to go to the store, grocery, or supermarket to buy but nowaday, you are only stay indoors and with a mouse click, the goods will come to your hand.
And the demand for money is different, so the introduction of virtual currency is necessary and Bitcoin is the payment system needed in today's society,
However, bitcoin is still in the basic phase of development period So many people are skeptical about it
I hope the market to adopt cryptocurrencies in the coming years and we should really think about that aspect and work in that direction. Things are still in the black area and it needs time to have the habit of using it as a payment system.It's very necessary!
Topic: Bitcoin failed as a currency - page 89. (Read 7191 times)
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.
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.
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 that time will come that the mandatory speculation or the massive knowing about Bitcoin as a mere asset will somehow be changed with regards to time because it will come to realization that Bitcoin was that really flexible to be used not only to specific as a currency or an asset because Bitcoin can be used as both of the two which is a real unique and good feature a currency have especially when talking about a newly rise type of currency. Bitcoin will surely be progressive acting as both currency and an asset because that is how Bitcoin basically works that was a good thing to inhibit. Long term progression and action will be taken for that thing to be clearly stated. Do you guys think that this can change in the long term ?
I think it's too early to talk about the collapse of bitcoin as a currency. He still has everything ahead of him and we will see it, it will be something!
No way. It's used daily by thousands of people who want to stay anonymous or don't want to pay taxes. There is actually no better alternative to that. Commission is still high for little sums, but you'll have that in the bank too
I believe it is for now though there are some transactions now that can be made using bitcoin but it is still limited that is why i cannot still consider bitcoin as currency. People maybe hard to adapt a volatile currency and many establishment are still hesitant to accept bitcoin as payments. Hopefully there will be changes in coming months or even years. The value will be more stable not like this past few years.
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 guess basically it should be like that. but in the development that occurs from time to time bitcoin evolved to be part of the most valuable asset of the crypto industry. and this happens unplanned from the start. so, I'm not as perturbed as you discussed.
Of course we are thinking Bitcoin is an investment instrument payment system that should be considered from every angle in every way I do not have a money transfer commission and I do not think that certain criteria of certain people will be better than others in the future even if it is seen as a pawn.
Maybe let us take time to wait for a moment of bitcoin to roar the in the world as it will be a currency in due time. It takes time my friend make it easy. There is no magic in business to success.
the vision of bitcoin is to become the world's currency, but 21 million bitcoin is not enough for the whole world.
bitcoin has failed with its primary purpose, but the current bitcoin has a greater purpose than the previous goal, ie as a means to make money.
bitcoin has proven it. bitcoin as a very profitable investment tool
bitcoin has failed with its primary purpose, but the current bitcoin has a greater purpose than the previous goal, ie as a means to make money.
bitcoin has proven it. bitcoin as a very profitable investment tool
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.
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 ?
to make bitcoin into a currency that can be used as a transaction tool it is certainly not easy and takes a long time. besides, of course, the government does not accept bitcoin as a legal currency because bitcoin is a decentralized crypto currency so the government can not fully control the bitcoin circulation 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 ?
No one can predict the behavior of the market whether its short term or long term. BTC started its journey from .009 USD and in less than a decade it touched 19000 USD, no one was certain that this could happen. I am very sure BTC in few years will be accepted as a recognized currency.
Well, it's not a curse for me. I was really fascinated as it really came up to be a multi- purpose one. Its a good innovation. We can't conclude about its future in present times but I really hope that if bitcoin will take a change, I'm sure it is for the better.
The unpredictability in Bitcoin is somewhat worried for something proposed to be a store of significant worth. In any case, the straightforward reality is that it is being acquired for hypothesis, and not as a store of significant worth or methods for trade. The quantity of examiners predominates the quantity of individuals who buy Bitcoin for some commonsense utilize. Hypothesis fits fast purchasing and offering moves, while individuals who really utilize a cash hold tight to it. I trust that when Bitcoin use as a useful money surpasses that of examiners, the unpredictability will diminish.
Well no matter what may change in the ideological perspective of bitcoin the truth still remains the same that bitcoin is a digital currency that is use for payments for goods and services and at the same time the digital gold which is a great platform for investment and also a network just like the internet so this three characteristics is what bitcoin is made up of.
Bitcoin as a digital currency is a relatively slow growth and can also be said very rapidly, so nothing is impossible if in the future Bitcoin become a very feasible currency to be used by all most people ...
To be a currency would need a long process, do not think that bitcoin fails to be a currency because it takes time.
Yes, the process is not easy; as we can see, Bitcoin is still improving, it is still on the proce of becoming better digital currency. There's no doubt that after a couple of years it will be more consistent. 
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 ?
Not yet. You still can buy much goods and services with BTC. Do you guys think that this can change in the long term ?
Yes, it's better compatible with big purchases, imho, like real estate, cars etc.
Probably full implementing Lightning protocol will solve this problem, cause transactions speed is much faster.
I think it cant. Its already 11 years old but it still can not be a currency. eventhough in the most thrive of blockchain technology it dont have any big improve. There is so many new coin is greater than bitcoin if use it in to transaction. But the season bitcoin is still alive because its marketcap is biggest, but its decreasing. Its the sign of bitcoin crisis. I think bitcoin is like Nokia in the mobile world, there will be some samsung and apple guys can beat it. And it will be the coin can solve all the problems of bitcoin, to be truely a currency.
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