Topic: Bitcoin failed as a currency - page 95. (Read 7186 times)
To be said as an international currency, Bitcoin can not be used as a currency on the grounds that many countries have not been able to receive Bitcoin as a legitimate transaction tool. But in his own world, the digital world, Bitcoin has actually become a currency. In fact, today many online companies can accept payments using Bitcoin. In fact, with its popularity, Bitcoin is able to become a parent and be used as a benchmark for other digital currencies. In fiat currency, it can be said Bitcoin is equal to dollar.
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 not so sure that this will change, many common people consider Bitcoin a currency, while for people who are already in Bitcoin more consider Bitcoin as an investment.Do you guys think that this can change in the long term ?
but in the future understanding of Bitcoin, I'm sure will change, and will be many people who consider Bitcoin as one of the forms of investment...
The meaning of the currency is its stability. Probably, everyone will agree that ideally I would like to have more or less the same value of the dollar on Friday and Monday. And although it is possible to earn a little (otherwise there would be no Forex), any economist will tell you that the currency is not an asset. But the precious metal is an asset. And bitcoin seems to have become its digital alternative. This conclusion, for example, came to Professor of Economics at the University of Georgia Jeffrey Dorfman, who believes that bitcoin jumps prevent him from becoming a currency.
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 ?
Ofcourse this is going to change in the future,don't forget that it's still early days for Bitcoin and for all cryptocurrencies in general.Yes Bitcoin showed it's biggest limit in term of transacting but we can clearly see improvements/solutions made like Lightning network,Segwit.... As I always say,it's just the beginning,we have to give it some more time before seeing it as a strong currency and not only an asset.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 ?
I think we have some time to use it as a currency , in 2020 or later it will be more popular as a currency but i am ok with it if we consider bitcoin as gold 2.0
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 might change in the future specially if the price will stabelise and the volatility will be minimize. In this way we could try to make BTC as a currency which we could use in everywhere.
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 ?
Ofcourse this is going to change in the future,don't forget that it's still early days for Bitcoin and for all cryptocurrencies in general.Yes Bitcoin showed it's biggest limit in term of transacting but we can clearly see improvements/solutions made like Lightning network,Segwit.... As I always say,it's just the beginning,we have to give it some more time before seeing it as a strong currency and not only an asset. Do you guys think that this can change in the long term ?
yes, I also think that Bitcoin has failed as a currency. This is mainly because of huge fluctuations in its price. This makes it unfit to act as a currency as currency is expected to show some stability but Bitcoin shows fluctuations in a matter of hours. Due to this reason only people have started using it as a store of value. Bitcoin has become a long term investment.
There will be no problem with people buying and using Bitcoin as an investment asset. But its value is too easily lost to be considered a real currency. At this time the virtual currency can not replace the gold. It simply does some good job over gold.
If the government in a country has started formalizing the existence of bitcoin certainly the opportunity to be utilized as a means of payment is very wide open so bitcoin can experience a rapid development and someone also more happy when want to make online business going forward.
I think bitcoin does not fail to build a digital currency instead bitcoin managed to create various kinds of digital currency that could be the solution of some problems in the world by connecting with blockchain technology.
BTC didnt fail as a currency.. Instead it is always succeed as a currency.. Since 2008, till now it increased day by day. So why call it failed ?
Bitcoin did not fail as a currency for me i think. It is doing its job properly. Being secured in every transactions
Bitcoin is supposedly for online transactions only but they made it to buy some physical things and btc evolves from time to time =) so bitcoin's success will continue
Bitcoin is supposedly for online transactions only but they made it to buy some physical things and btc evolves from time to time =) so bitcoin's success will continue
In my opinion Bitcoin's success depends on wether second layer technologies can solve the scaling problems. Lighting Network has made big steps in the last months. I am sure there will be even better solutions in the future 
Bitcoin failed as a currency It can be just illusion Not true Bitcoin has established its empire throughout the world today, Bitcoin is a successful currency in the form of digital currency.
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 ?
Bitcoin can be use only online and it is was created designed for investment and not for a national currency because every country has it's own currency to use. One more thing bitcoin is decentralized and very volatile which is far from the paper money we use offline that has stable equivalent amount.
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 ?
With the constant improvement and innovation the blockchain technology has been offering bitcoin in the past 10 years since it was introduced in the market, there is a huge possibility to bitcoin's changes in both its nature and the manner of its systemization in the market. I just hope that the issue with bitcoin's volatility will be resolved in future updates on its technology, Do you guys think that this can change in the long term ?
It's interesting to know why the volatility of the crypto currency will decrease if capitalization and the market increase significantly 
I believe that, despite the unstable price of crypto currency, we will still use crypto-currencies more often, as a means of payment.
If there are many investors around the globe and and the price of bitcoin increases, the level of manipulation in price would be really low because you cannot purchase and hoard or manipulate huge number of coins when the price is high, still the whales who are holding the coins could sell off their coins and manipulate the market as we see now with the Mt Gox liquidation, they are selling off their coins in huge numbers that are affecting the market. I believe that, despite the unstable price of crypto currency, we will still use crypto-currencies more often, as a means of payment.
I wouldn't say it failed as a currency, people do use it to buy goods and services but there are many that do see the investment potential bitcoin offers.
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 agree that bitcoin is more used as a method of investment, but it is only beginning and some countries recognize it as a means of payment, and the number of shops in which it is possible to pay with the help of crypto-currency is growing.Do you guys think that this can change in the long term ?
Till the time country do not support it or make some laws regarding it and start accepting it people will use it for money transfer and to invest or do trading. As once government encourages people in businesses can also start using it as it becomes legalize and also an effective mode of payment method.
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