Topic: Bitcoin is no longer a currency - page 16. (Read 15364 times)
With that only article we cannot say that bitcoin now is no more a currency but we have to look at the use of bitcoin as it is used on a large number of companies and a large amount of people are using bitcoin as a currency and no one is facing any hurdle for the use of bitcoin as a currency.
It will take along time before bitcoin can be a mainstream currencies as fiat has dominated human mind for time immemorial. Bitcoin as a store of value is good but as a medium of exchange it might not be for now but in future it has hope. Bitcoin could have been legalized in most countries of the world now if people see it as stock, digital Gold or oil but it is a crypto currencies.
I do think these corrupted politicians will allow bitcoin to become a centralized currency. If bitcoin become treasury wallet for a government then every thing in a open ledger. No one will allow this to happen from politicians side.
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Bitcoin is no longer a currency but for me its kind of business that most of the users earned profit from the investment of digital crypto currencies. We now have the strongest foundation of digital currency, and will continue to soar higher in time.
Many people also investing into dollar or some kind of currency and waiting its price to increase and then sell it when the time comes. Does it make the fiat I've mentioned no longer a currency? I guess not. In my opinion that as long as the currency still hold its primary features to be used for transaction and as a trading tool it's still a currency.
It will take along time before bitcoin can be a mainstream currencies as fiat has dominated human mind for time immemorial. Bitcoin as a store of value is good but as a medium of exchange it might not be for now but in future it has hope. Bitcoin could have been legalized in most countries of the world now if people see it as stock, digital Gold or oil but it is a crypto currencies.
Bitcoin is no longer a currency but for me its kind of business that most of the users earned profit from the investment of digital crypto currencies. We now have the strongest foundation of digital currency, and will continue to soar higher in time.
If you consider Bitcoin is a business or investment.But for me I consider Bitcoin is a alternative currency/cryptocurrency that we can use like the real cash. 
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.
I just wanna know, if bitcoin is not a currency, and your saying its an alternate and anonymous payment. Isn't the usual things most happened the real currency we used was our country money is being used too in any mode of payment. I don't see any differences between the bitcoin and a real currency. As far as I know they are both useful in anonymous payment.
Really? you can't find any difference between bitcoin and fiat money that which you call it as real currency? Any fiat needs third party entities(banks) but bitcoin not. Is it the same? On the other side bitcoin is anonymous? Bitcoin is only 'pseudonymous' .
Bitcoin is no longer a currency but for me its kind of business that most of the users earned profit from the investment of digital crypto currencies. We now have the strongest foundation of digital currency, and will continue to soar higher in time.
What people comes to your mind to say that bitcoin is no longer a currency? Then why we are calling it as a crypto currency if that is not a currency anymore?
It's use as an investment is popular and we know that it's potential is always there the value of it will keep on moving.
Bitcoin is no longer a currency but for me its kind of business that most of the users earned profit from the investment of digital crypto currencies. We now have the strongest foundation of digital currency, and will continue to soar higher in time.
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.
What people right now doing will not impact the applications of bitcoin permanently. We can use bitcoin as an investment vehicle as of now, but when we find stable prices and we need making use of what we are saving for years, bitcoin will automatically switch into currency mode.Bitcoin is a currency. But now it serves multiple purposes.
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.
Bitcoin can be a lot of things but at its core bitcoin is money, since it has all the good things you will want out of money, its durable, fungible, it's a unit of account, and the most important it is a store of value unlike all the currencies of the world except gold and silver, that is why sometimes people think of it as a stock or commodity but it is not, bitcoin is money.
So tell me why almost every bitcoin owner hold the coins? The best and the most common practice is hoarding bitcoins and waiting for the price to grow. Do you think this is what a currency is made for?
For keeping it safe, and never use it? BTC users are AFRAID to buy goods/services because BTC most likely will be worth more in the future due to deflationary nature of bitcoin.
Bitcoin can be a lot of things but at its core bitcoin is money, since it has all the good things you will want out of money, its durable, fungible, it's a unit of account, and the most important it is a store of value unlike all the currencies of the world except gold and silver, that is why sometimes people think of it as a stock or commodity but it is not, bitcoin is money.
So tell me why almost every bitcoin owner hold the coins? The best and the most common practice is hoarding bitcoins and waiting for the price to grow. Do you think this is what a currency is made for?
For keeping it safe, and never use it? BTC users are AFRAID to buy goods/services because BTC most likely will be worth more in the future due to deflationary nature of bitcoin.
The currency does not have such a large market yet, but I think as long as Bitcoin continues to be used for people to make payments on the internet, Bitcoin will remain a currency.
yeah bitcoin market has not been too big for the currency issue. for investment can be said bitcoin market is fairly large. need to take a long time for the bitcoin currency could spread.
The currency does not have such a large market yet, but I think as long as Bitcoin continues to be used for people to make payments on the internet, Bitcoin will remain a currency.
yeah bitcoin market has not been too big for the currency issue. for investment can be said bitcoin market is fairly large. need to take a long time for the bitcoin currency could spread. 
Too risky of an investment to be named the ultimate tech stock or whatever those reporters tried to sell along the line about bitcoin. Bitcoin is and will remain a currency for this community and some smart business out of this community that would like to capitalize on a growing market.
Though, I guess more and more people are going to be just buying and selling bitcoin on a daily basis to see if they're able to make money with it. It's tough for us in the community to thing of abusing bitcoin like that, but that's what is going to happen and we have to accept it I suppose.
Yeah, only some people in this community FULLY use bitcoin as a currency but most are just holding it which would steer towards more of an investment,.
Though, I guess more and more people are going to be just buying and selling bitcoin on a daily basis to see if they're able to make money with it. It's tough for us in the community to thing of abusing bitcoin like that, but that's what is going to happen and we have to accept it I suppose.
Most users don't treat it as a currency and never have. Only an honourable few use it as perhaps the original intention. It may well start being used as a currency once it's reached saturation. Something has to be store of value first before the currency aspect kicks in for most.
The very nature of its design discourages a high velocity. Deflation and spending don't go together especially if people believe it's going to keep on rising. I spend it occasionally but if I have crappy fiat to hand then that's going first.
The very nature of its design discourages a high velocity. Deflation and spending don't go together especially if people believe it's going to keep on rising. I spend it occasionally but if I have crappy fiat to hand then that's going first.
Yeah, only some people in this community FULLY use bitcoin as a currency but most are just holding it which would steer towards more of an investment,.
The article is not technically incorrect and we can certainly say bitcoin as a tech stock which gives us a very good investment opportunity even in the global economic slowdown. Bitcoin is first of its kind currency which can be generated from a computer program. So bitcoin doesn't have any inherited value. The value it has, it is based on public trust only.
Since people are investing heavily in bitcoin, it is getting so much attention and the market cap is increasing like rocket keeping the price also higher than any other currency. So I personally prefer to invest in bitcoin than to spend it for silly reasons. So it can be taken as an investment instead of currency.
Since people are investing heavily in bitcoin, it is getting so much attention and the market cap is increasing like rocket keeping the price also higher than any other currency. So I personally prefer to invest in bitcoin than to spend it for silly reasons. So it can be taken as an investment instead of currency.
Yes bitcoin is no longer a currency because it more like a business that has a peak season and an off-peak season of its price, which is the profit earned by most of the users who do investment of digital crypto currencies. As mostly others were saying it’s a storage digital value of money used as a medium of exchange that can buy, sell or purchase goods and even bitcoin is purchased using fiat money that sellers also earned profit through peer to peer trading. Eventually we are now facing the strongest pillars of digital currency, and will continue to have better future as it remain sustainable financial source of people who wanted progress in life.
I too really worry that we just gave up on trying to make bitcoin as international currency that can be used in shops and like any other payment method on the internet long time ago and we just accepted the fact that it is an investment also, because of this reason its price is still unstable and people do not trust using it in their business as a currency.But the positive note to consider, the investment characteristics of bitcoin may short live after that it may move into currency mode automatically.
Bitcoin isn't a currency, but there is no easy way to define it. It can be called a cryptocurrency, but that could also make people think it is a currency. Really it is several things including: 1) a store of value, 2) an investment, 3) a method of transferring money electronically, 4) a method of making purchases. I'm sure there are other features as well.
Bitcoin is whatever you want it to be. If you want to use it as currency, then it is a currency, if you want to use it as an investment, then it's exactly that, etc. That's why I find it weird that you say Bitcoin is this and that, but totally discard its usability as currency tool.
It's perhaps not the most convenient way when it comes to using it as currency in local situations due to the steep fees and confirmation times, but it serves pretty well in online circumstances.Bitcoin isn't a currency
3) a method of transferring money electronically
4) a method of making purchases.
Yes bitcoin is no longer a currency because it more like a business that has a peak season and an off-peak season of its price, which is the profit earned by most of the users who do investment of digital crypto currencies. As mostly others were saying it’s a storage digital value of money used as a medium of exchange that can buy, sell or purchase goods and even bitcoin is purchased using fiat money that sellers also earned profit through peer to peer trading. Eventually we are now facing the strongest pillars of digital currency, and will continue to have better future as it remain sustainable financial source of people who wanted progress in life.
A single coin has several usability directly which is not possible with the national currencies. Bitcoin initially is a store of value. Later got transformed to a technology development. Once again with its potential got the features of a currency without physical touch. Now people are using I similar to dollar and euro for their needs. So it can be considered as a currency. In a most popular news portal page of Germany Bitcoin is listed under the major currencies section. These too confirm it as a currency.
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