Topic: Bitcoin is no longer a currency (Read 15364 times)
Simply understand this remember after studying your publish, that is a surely desirable point. bitcoin sincerely is commonly used in buying and selling, extensively utilized in saving and changing it to real money. they're now not that usable on transactions that use bitcoin as a Forex or fee, yes it is probably used every so often however no longer all of the time.
I didn't use bitcoin as a currency, so it was never a currency for me, but was a valuable asset
I think Bitcoin is not a currency but a payment instrument like Paypal and Western Union. So Bitcoin can be transferred with blockchain technology. Bitcoin is not a fiat currency but a digital payment system.
Much more a store of value in theory and a highly speculative asset in practice right now i guess. As transaction methods lighter currencies as lumen or even litecoin are more practical.
I think Bitcoin is not a currency but a payment instrument like Paypal and Western Union. So Bitcoin can be transferred with blockchain technology. Bitcoin is not a fiat currency but a digital payment system.
I agree with you. I realize that bitcoin is a very useful asset or techno stock that a businessman needs. The daily improvement of technology leads to the daily increase in demand in bitcoin.
For me bitcoin is a negotiable instrument that access by many people which the real purpose is to earn money. It is a profitable instrument also which somebody invested their money which the outcome is to gain more compare to any kind of businesses.
For me bitcoin shall we called a currency also because it can be convertible to cash paper or money. Bitcoin is now a secondary medium of exchange. But im wondering of some reasons behind that bitcoin is now no longer a currency. Being a new of these industry ive been doubt of what is really the thruth ot this. But thinking possitively bitcoin is an asset that helps finacial needs.
not pounds or euro, currency Internet again rampant.
Previously, CEO of Bitcoin explains bitcoin like a digital gold offering two options as an investment and payment tool. However, this bitcoin is not exactly said to be a means of payment. That's because people have not been able to accept bitcoin as payment and unstable.
He explains, the tendency of bitcoin exchange rate is stronger than down. That's because the amount of bitcoin is limited. Total circulation in global, bitcoin only 12.2 million. When looking at the exchange rate in Bitcoin, the buys of coin rate reached 10,682,100 and the selling rate is 9,571,000.
Previously, CEO of Bitcoin explains bitcoin like a digital gold offering two options as an investment and payment tool. However, this bitcoin is not exactly said to be a means of payment. That's because people have not been able to accept bitcoin as payment and unstable.
He explains, the tendency of bitcoin exchange rate is stronger than down. That's because the amount of bitcoin is limited. Total circulation in global, bitcoin only 12.2 million. When looking at the exchange rate in Bitcoin, the buys of coin rate reached 10,682,100 and the selling rate is 9,571,000.
I have to agree with them. Every week that passes without a new company in any local metropolitan area deciding to accept bitcoin as currency is a two weeks further away from bitcoin actually being adopted, mainstream, as a currency.
Bitcoin is an investment. A stock or an asset class/commodity can be debated, although it doesn't much matter. Bitcoin is a store of value not a medium of exchange.
The concept of bitcoin has changed a lot from the initial stages as it was meant to be a currency with literally zero transaction charges but things have changed considerably from it and now it is a store of value rather than a currency that can the transferred easily at a cheap rate.With the implementation of lightening networks i think we will get back to normal. Bitcoin is an investment. A stock or an asset class/commodity can be debated, although it doesn't much matter. Bitcoin is a store of value not a medium of exchange.
For me Bitcoin is not yet a currency. Government will decide or the Federal reserve I think that will decide on what will be the acceptable currency. Though the purpose of Bitcoin is to become the first digital currency, but what it is right now is an asset like a commodity.
What is the difference between currency and bitcoin? I think it makes no difference so that it can be said bitcoin is money because what can be done with money can also be done with bitcoin, but from the other side bitcoin is better because the price is increasing.
I guess there's no such big difference between the two but these two are important in our daily living now. Why? Because with these two how can we survive without money in our pocket. At first I could say that bitcoin is a currency at the same time because it has a total package of currencies involved so we should be confused of these two for they are both profitable and useful in the world of cryptocurrency. But we can't say that bitcoin is no longer a currency it is still and don't change that. 
Bitcoin is an investment. A stock or an asset class/commodity can be debated, although it doesn't much matter. Bitcoin is a store of value not a medium of exchange.
I agree, but it's the fault of the people who bought it seeking profits and not real usages. I mean, I'm not sure if it's a "fault", but having a virtual "thing" that has actually no usage other then people speculating on the exchanges is a very risky situation. There is no real demand for bitcoin, as for something to be used for anonymously made transactions, there is that fake demand for bitcoin, because it is still raising and by buying it you can expect some profits. The sole fact, that so many people on that forum post constantly only about holding it and waiting as it's price will grow is very harming for bitcoin as a currency. Because what is the point of a currency, that no one wants to use? People seems like they are afraid to pay in bitcoin, because it may be worth more in the future, so they only keep it.a currency is a generally accepted medium of exchange, in my opinion bitcoin meets that criteria although a it is also said that a currency should be backed by a government. Many countries are regulating bitcoin although they don't show their support on it except Japan who has fully accepted bitcoin and is currently testing it. So the conclusion is for now its in between a currency and not
What is the difference between currency and bitcoin? I think it makes no difference so that it can be said bitcoin is money because what can be done with money can also be done with bitcoin, but from the other side bitcoin is better because the price is increasing.
Can be said bitcoin is a commodity, if the currency of course there must be a country or a certain party who can control the full bitcoin as happened with regular money which is fully controlled by the central bank.
Bitcoin is an investment. A stock or an asset class/commodity can be debated, although it doesn't much matter. Bitcoin is a store of value not a medium of exchange.
I agree, but it's the fault of the people who bought it seeking profits and not real usages. I mean, I'm not sure if it's a "fault", but having a virtual "thing" that has actually no usage other then people speculating on the exchanges is a very risky situation. There is no real demand for bitcoin, as for something to be used for anonymously made transactions, there is that fake demand for bitcoin, because it is still raising and by buying it you can expect some profits. The sole fact, that so many people on that forum post constantly only about holding it and waiting as it's price will grow is very harming for bitcoin as a currency. Because what is the point of a currency, that no one wants to use? People seems like they are afraid to pay in bitcoin, because it may be worth more in the future, so they only keep it.Bitcoin is an investment. A stock or an asset class/commodity can be debated, although it doesn't much matter. Bitcoin is a store of value not a medium of exchange.
I agree, but it's the fault of the people who bought it seeking profits and not real usages. I mean, I'm not sure if it's a "fault", but having a virtual "thing" that has actually no usage other then people speculating on the exchanges is a very risky situation. There is no real demand for bitcoin, as for something to be used for anonymously made transactions, there is that fake demand for bitcoin, because it is still raising and by buying it you can expect some profits. The sole fact, that so many people on that forum post constantly only about holding it and waiting as it's price will grow is very harming for bitcoin as a currency. Because what is the point of a currency, that no one wants to use? People seems like they are afraid to pay in bitcoin, because it may be worth more in the future, so they only keep it.
Bitcoin is an investment. A stock or an asset class/commodity can be debated, although it doesn't much matter. Bitcoin is a store of value not a medium of exchange.
I agree, but it's the fault of the people who bought it seeking profits and not real usages. I mean, I'm not sure if it's a "fault", but having a virtual "thing" that has actually no usage other then people speculating on the exchanges is a very risky situation. There is no real demand for bitcoin, as for something to be used for anonymously made transactions, there is that fake demand for bitcoin, because it is still raising and by buying it you can expect some profits. The sole fact, that so many people on that forum post constantly only about holding it and waiting as it's price will grow is very harming for bitcoin as a currency. Because what is the point of a currency, that no one wants to use? People seems like they are afraid to pay in bitcoin, because it may be worth more in the future, so they only keep it.Bitcoin is an investment. A stock or an asset class/commodity can be debated, although it doesn't much matter. Bitcoin is a store of value not a medium of exchange.
I agree, but it's the fault of the people who bought it seeking profits and not real usages. I mean, I'm not sure if it's a "fault", but having a virtual "thing" that has actually no usage other then people speculating on the exchanges is a very risky situation. There is no real demand for bitcoin, as for something to be used for anonymously made transactions, there is that fake demand for bitcoin, because it is still raising and by buying it you can expect some profits. The sole fact, that so many people on that forum post constantly only about holding it and waiting as it's price will grow is very harming for bitcoin as a currency. Because what is the point of a currency, that no one wants to use? People seems like they are afraid to pay in bitcoin, because it may be worth more in the future, so they only keep it. https://www.theatlantic.com/business/archive/2013/04/bitcoin-is-no-longer-a-currency/274859/
An article from The Atlantic magazine - from 2013, way back in 2013 - declaring that bitcoin is not a currency, but "the ultimate tech stock"!
The four years since the article was written has proven that bitcoin is akin to an Amazon or Facebook (stock, not company), and much less "Pets.com". That's a good thing.
I have to agree with them. Every week that passes without a new company in any local metropolitan area deciding to accept bitcoin as currency is a two weeks further away from bitcoin actually being adopted, mainstream, as a currency.
Bitcoin is an investment. A stock or an asset class/commodity can be debated, although it doesn't much matter. Bitcoin is a store of value not a medium of exchange.
What do you think?
An article from The Atlantic magazine - from 2013, way back in 2013 - declaring that bitcoin is not a currency, but "the ultimate tech stock"!
The four years since the article was written has proven that bitcoin is akin to an Amazon or Facebook (stock, not company), and much less "Pets.com". That's a good thing.
I have to agree with them. Every week that passes without a new company in any local metropolitan area deciding to accept bitcoin as currency is a two weeks further away from bitcoin actually being adopted, mainstream, as a currency.
Bitcoin is an investment. A stock or an asset class/commodity can be debated, although it doesn't much matter. Bitcoin is a store of value not a medium of exchange.
What do you think?
Yes I get your point that it is more of an investment now instead of a currency. But that does not make it a stock. It it may not be a typical or regular currency but it is still a cryptocurrency or easier to be considerd as digital currency.
You have to remember that although Bitcoin is being used more of as an investment rather than for transactions, the regular or fiat currencies are also for investments. Anything witu volatile rates can be an investment and actually forex trading is more volatile and risky than stock trading.
Although bitcoin is decentralized, uncensorable and distributed in nature, it is not anonymous. In fact, the decentralized and open ledger of bitcoin allows anyone within the network to transparently access transactions through blockchain explorer platforms.
It is important to acknowledge that bitcoin has significantly evolved since 2010, back when the cryptocurrency’s main use case was to finance ransomware distributors and online criminals. Bitcoin has become a safe haven asset and currency for large-scale institutional, retail and professional investors, as well as casual users across the globe.
It is important to acknowledge that bitcoin has significantly evolved since 2010, back when the cryptocurrency’s main use case was to finance ransomware distributors and online criminals. Bitcoin has become a safe haven asset and currency for large-scale institutional, retail and professional investors, as well as casual users across the globe.
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