Topic: Bitcoin failed as a currency - page 99. (Read 7191 times)
We have to wait because everything needs process, I'm sure that someday bitcoin usage will beat all payment system such as paypal, web money and so on, and of course all countries immediately legalize bitcoin so as to make bitcoin into international currency.
yeah it can be, bitcoin can reduce it poppularity because it has been change in it ecosystem not as an currency but for an asset i think that kind of a trouble to in the future right now if this can still happen
Bitcoin failed as a currency? It's not possible, people are now exchanging bitcoin for fiat easily,countries are adopting bitcoin as a currency and a means of exchange..sooner than we think bitcoin will be like pounds and dollars when it comes to using..
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 ?
Perhaps so few people use cryptocurrency as they are accustomed to cash and are not yet ready to accept something new, but over time it will change and you can not get rid of it. Do you guys think that this can change in the long term ?
The btc is more an asset than a currency because it has many drawbacks, first of all the high value. Imagine taking a coffee and paying in btc. The price would be a very small decimal. Then it is too variable to be used effectively as a currency.
Bitcoin hasn't failed as a currency, the usage is found low compared to the traditional currency. Bitcoin usage as a currency could have reached a much higher level of usage, if it has got a physical appearance. As future is dependent upon the digital environment, surely bitcoin usage as a currency for daily needs will increase.
Bitcoin will be the currency when bitcoin will have a stable price and there won't be such crazy price jumps
Bitcoin is benign used for a number of online transactions and a number of new merchants have also started to accept it. Give it some time and you will see it dominating over other options like PayPal.
The main factor that becomes bitcoin is used as an investment asset and not as a currency because of unequal recognition of all countries to accept bitcoin as a digital currency. It would be an obstacle if bitcoin is used as currency because some countries if we move to a country that does not receive bitcoin then we will not be able to use bitcoin to do a transaction in that country.
That is actually a big problem in my opinion that everyone is ignoring because of returns it is giving. The primary focus of its use should be as a payment medium only.
in the USA, USD is just a medium on changes or Currency and stocks GOLD as the reserve, but other countries stock their reserve in both GOLD and USD - so USD becomes an asset there but not currency. so, Bitcoin can go both ways, too. The issue is, Bitcoin acceptance everywhere will take time, we need 3rd party payment gateways so that we can process any payment in Bitcoin and go borderless - just wait a few years, this is already happening.
I think no because bitcoin is used for online transaction and the price of bitcoin is not stable, but if bitcoin become stable maybe it might be possible that bitcoin will become currency, but for now, there's no chance that bitcoin will be used as currency.
The other reason every country have their own currency so where do you think the country of bitcoin?
Bitcoin is decentralized and we couldn't just credit it to China or other countries as their currency.
The other reason every country have their own currency so where do you think the country of bitcoin?
Bitcoin is decentralized and we couldn't just credit it to China or other countries as their currency.
I also agree with your opinion that bitcoin for now is only in use for online transactions not as real currency. but bitcoin has its own disadvantage: its price is changing every time and this is one of the reasons that bitcoin can not be used as a real currency for now but if bitcoin prices stabilize maybe bitcoin can beat the original 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 ?
This will have to change if bitcoin has to survive in the long term. It was designed to be a payment system only but everything changed as people started to make money by investing in them. This has made prices volatile making it ineffective as payment medium. So the greed has to end if we want to see it competing with options like PayPal.
I think it is too strict to say it has failed. I believe it has not matured yet, but in the future it may still become a currency. Or perhaps not bitcoin, but some altcoin that has more currency oriented "profile".
I prefer if bitcoin as digital asset than currency
I do not think there is a problem if bitcoin not as currency will not be popular if bitcoin as a digital asset only
I do not think there is a problem if bitcoin not as currency will not be popular if bitcoin as a digital asset only
I feel bitcoin is the most perfect and successful currency, bitcoin is only the digital currency but has real value and higher value with all real currency
less suitable if bitcoin into a currency. the nature of bitcoin today that requires a lot of fees to be able to transfer and as well as to send funds takes a long time. not as it used to be that easy and fast
I feel bitcoin is the most perfect and successful currency, bitcoin is only the digital currency but has real value and higher value with all real currency
Right now BTC enthusiasts don't use it for payments. It is one of the most important problems. Everybody wants to buy, hold and wait for better BTC price. Something must be changed!
I don't know where do you see this, show me its failure. Using cryptocurrency in real life is the future, so we have to wait until it'll be done.
The fluctuation of Bitcoin make it not suitable yet as currency, the speed also not fast enough to be used in stores, but it can change in the future when BTC mass adopted the fluctuation won't be too high, and now developers are working on the transaction speed, when all the developments are complete then BTC will be suitable as currency
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