Topic: Bitcoin is no longer a currency - page 14. (Read 15364 times)
Everybody can use bitcoin like investment tool right now, but after if we find stable prices we would change the meaning of invest tool to normal currency as USD or EUR. Bitcoin can be used for transactions or tool to invest and earn more some fiat money.
Bitcoin for me is considered as currencie, asset and a payment processor all at the same time, the only thing is that bitcoin is a digital currencie because countries afraid the power bitcoin can reach if they recognize it.
I think in fact you can buy stuff using bitcoin right ? and bitcoin itself has a lot of users and has a rate as real money in general. so I think bitcoin it is still currency If bitcoin will no longer a currency why stil lthere are people who keeps using bitcoin? To trade investment , and other thing like gambling bitcoin can be used to the features like it can be used to payment online.
These articles are purely titled this way to attract people to click on them. Bitcoin has plenty of interesting and useful features, which doesn't directly mean each feature is perfect, but at least it gets the job done. Especially when you look at the currency aspect of Bitcoin. Example; Bitcoin as currency is less interesting to use when it comes to you daily shoppings, but it's a perfect currency tool that you can use to transfer money from one place to another. It also depends on how you use Bitcoin. These articles are just pointed at gaining ad income, so take them with a grain of salt.
bitcoin is a currency and will always remain a currency because it has value and you can use it as such.
but being a good currency or not is the question here. so far bitcoin has been a good currency. it has been cheap, fast, safe, decentralized, and easy to use. these days it is becoming a little big more expensive but it still has all the other perks which you shouldn't ignore.
but being a good currency or not is the question here. so far bitcoin has been a good currency. it has been cheap, fast, safe, decentralized, and easy to use. these days it is becoming a little big more expensive but it still has all the other perks which you shouldn't ignore.
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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.
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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.
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Slow progress, but proceeding. Maybe that article wasn't meant that straight into the face. Of course it's a currency, since people tend to use it like some currency! Facts fight fiction.
I almost exclusively use bitcoins as a store of value so I definitely treat it more like a stock. There are a ton of people that don't on this forum though. It's the same with fiat, some people are savers and some are spenders.
Good for you, but it is not the same as with fiat, since central banks can print their national currency that means there is inflation so every single second your saved fiat losses some of its value, this is the opposite that happens with bitcoin, because bitcoin is a deflationary currency which earns a small value every second.Of course fiat has a decrease in buying power, but it's a very slow one.
Bitcoin can lose it's value in the blink of an eye if the circumstances are unfortunate.
I almost exclusively use bitcoins as a store of value so I definitely treat it more like a stock. There are a ton of people that don't on this forum though. It's the same with fiat, some people are savers and some are spenders.
Good for you, but it is not the same as with fiat, since central banks can print their national currency that means there is inflation so every single second your saved fiat losses some of its value, this is the opposite that happens with bitcoin, because bitcoin is a deflationary currency which earns a small value every second.
??Bitcoin will not be cryptocurrency is really weird article for me because bitcoin is still cryptocurrency and I think that it will be also later because I cant undestard why to value for pay something can become stock.
Title is a bit misleading as it should be -- Bitcoin is less usable as currency. Of course Bitcoin will always remain a currency solution if you wish to use it as such. But if you look at how Bitcoin is used by the majority of the people, then it's easy to assume that Bitcoin is more an investment option rather than a currency solution. I don't think anything is wrong with that as we are all free to choose what feature of Bitcoin we will be using.
So we can not say that bitcoin is not usable.
For time being people may use bitcoins similar to stocks but they will start using it as money when they see their corner shop accepting bitcoin for candy. Yes hitting main stream of adoption will change this scenario.
Afaik we can say bitcoin is in both worlds of being a currency and stock
which could be seen from most bitcoin traders that treat it as stock literally and the rest using it as fiat( a currency ).
which could be seen from most bitcoin traders that treat it as stock literally and the rest using it as fiat( a currency ).
I couldn't agree more, Bitcoin is actually listed by the CFTC-commodities futures trading commission as a commodity hence it shows character traits of both currency and a commodity. People need to come to terms with this because it's a currency and a commodity at the same time
We shouldn't rely on what governments or government commissions say on this matter
After all, Bitcoin is considered as a currency in Europe but does it mean that it is another Bitcoin which is used there? Obviously, it is absolutely the same Bitcoin, everywhere around the world. Governments are treating Bitcoin as they think is best for them, some governments even choose to ignore it as if it didn't exist at all. In my opinion, Bitcoin is a financial asset (like bonds or stocks), first and foremost, then a currency (currencies are also financial assets), and only after that it could be considered as a commodity since it doesn't have direct use (like food or water)
I'm not sure of that, but it seems that Bitcoin adoption doesn't depend on its users as such. After almost 8 years of Bitcoin sticking around, I guess, we can already draw some conclusions both about the past that has been and the future that might be. As to me, Bitcoin as a payment system is perfectly usable (and with Lightning Network it will be on par with payment cards such as Visa and cronies), but it still didn't take off for real besides trading and gambling. I tend to think this is primarily due to irreconcilable antagonism between a store of value and a means of exchange...
In other words, Bitcoin is too good to be used as a full-fledged currency (just like gold vs silver in Medieval Europe)
If bitcoin will no longer a currency why stil lthere are people who keeps using bitcoin? To trade investment , and other thing like gambling bitcoin can be used to the features like it can be used to payment online.
I was confusing after reading about the article on the next 5 years that bitcoin already ended its value that it will be no longer a currency and theres something new comming that will change bitcoin into it. But how if theres an good oppurunity waiting for bitcoin isnt?
The fact that Bitcoin can be used for other things, shows other character traits, or its viewed differently by other people/governments doesn't make it less of a currency. It's still Bitcoin people, so where from this question "Bitcoin is no longer a currency"? Does being a bisexual render one inactive sexually???
Actually bitcoins are now being used by stock brookers and whale investors .by the next 3 decades it might so happen that most of the population will be using bitcoins to a whole new level and i guess it will the world s next currency.
If you mean more like the majority, I guess that is far from happening or will never gonna happen. It only attracts the investors and traders because it's getting popular now and as a result of increase of demand of bitcoin is the price increase. We all know we are getting profits when the price increase but it has a limitation and it will just only be payment system even in the future.
Actually bitcoins are now being used by stock brookers and whale investors .by the next 3 decades it might so happen that most of the population will be using bitcoins to a whole new level and i guess it will the world s next currency.
Afaik we can say bitcoin is in both worlds of being a currency and stock
which could be seen from most bitcoin traders that treat it as stock literally and the rest using it as fiat( a currency ).
which could be seen from most bitcoin traders that treat it as stock literally and the rest using it as fiat( a currency ).
I couldn't agree more, Bitcoin is actually listed by the CFTC-commodities futures trading commission as a commodity hence it shows character traits of both currency and a commodity. People need to come to terms with this because it's a currency and a commodity at the same time
We shouldn't rely on what governments or government commissions say on this matter
After all, Bitcoin is considered as a currency in Europe but does it mean that it is another Bitcoin which is used there? Obviously, it is absolutely the same Bitcoin, everywhere around the world. Governments are treating Bitcoin as they think is best for them, some governments even choose to ignore it as if it didn't exist at all. In my opinion, Bitcoin is a financial asset (like bonds or stocks), first and foremost, then a currency (currencies are also financial assets), and only after that it could be considered as a commodity since it doesn't have direct use (like food or water)
Bitcoin for me is considered as currencie, asset and a payment processor all at the same time, the only thing is that bitcoin is a digital currencie because countries afraid the power bitcoin can reach if they recognize it.
It is all about terms and defnitions,if you can buy and sell product with bitcoins it is money ,currency
China term for bitcoin is virtual goods,i think it is very good bitcon definition
So who care,bitcoin exist that is all
true! at a glance bitcoin is indeed could be defined as a virtual stock ,China term for bitcoin is virtual goods,i think it is very good bitcon definition
So who care,bitcoin exist that is all
but when people start to use bitcoin as a tool to pay something then it is money/currency ,
also a lot of people recently really recognize bitcoin as an investment only ,
without spend it i guess you have considered bitcoin as a virtual stock.
It is all about terms and defnitions,if you can buy and sell product with bitcoins it is money ,currency
China term for bitcoin is virtual goods,i think it is very good bitcon definition
So who care,bitcoin exist that is all
China term for bitcoin is virtual goods,i think it is very good bitcon definition
So who care,bitcoin exist that is all
It is true that bitcoin was and is considered as commodity than currency. People are still treating it as any other commodity that is why everyone is just buying and holding them. Isn't is like gold, metal, oil?
Most of people know, understand that bitcoin is a currency however still treat it as commodity.
If you really want to see the power of bitcoin then try sending bitcoin to your friend in different country, see how quickly it happens. Compare it with existing establishment we have.
PS:in case if you don't have any friend you could send bitcoins to me as well.
Most of people know, understand that bitcoin is a currency however still treat it as commodity.
If you really want to see the power of bitcoin then try sending bitcoin to your friend in different country, see how quickly it happens. Compare it with existing establishment we have.
PS:in case if you don't have any friend you could send bitcoins to me as well.
Bitcoin was never a currency, most of people use bitcoin as an alternate and anonymous payment method without higher transaction fees while others used bitcoin as an investment.A currency is backed by bank or solid collateral but with bitcoin there is nothing like this.
Alternate currency, it's the right name for bitcoin at this time but it will grow become the main currency(digital). I can't call it a currency because based on bitcoin is not have a physical form. But every time the definition of the currency always changes. Jump to: