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Topic: Bitcoin is no longer a currency - page 7. (Read 15364 times)

hero member
Activity: 3080
Merit: 603
May 06, 2017, 06:17:36 PM
Bitcoin is more than just a currency. Bitcoin can be used as an investment that provides a better profit than what we previously did. Popularity bitcoin's evidence bitcoin has a bright future.
Those people that are saying that bitcoin is dead and it is no longer a currency are the ones who want to make the others worry about their investment in bitcoin. Definitely bitcoin is more than a currency, it is a all in one currency , investment and remittance payment method.
sr. member
Activity: 378
Merit: 250
May 06, 2017, 06:11:54 PM
It's still a currency, but right now the price was changing really fast. I think better to sell right now your coins and wait for any dumps, if you read the last news we had a lot of issues with lost bitcoins 3 billion bitcoins been wiped. Indeed, we know that anything can happend in this 2 weeks better to buy some fiat money and save them for next invest

I dont think that it was treated still as a currency, when is the last time you paid for something using bitcoin? It is treated now as an asset especially to third worlds that do not have that much information bout the digital currrencies. In my country there are no bitcoin ATMs and there are only few stores that accept bitcoin, which is really dissapointing. So what will you do with your bitcoin when you can't use it to buy something, you save them, and the very good way to earn is to wait for a good price and sell it or convert to real money. It is an asset.
Yes, bitcoin is an asset but this doesn't mean bitcoin is not a currency. I have something for all of you that said bitcoin is not currency. Anything that have values or can be used in making payments or can be transferred digitally are also asset? Therefore, the so call currency you spent in your country is also an asset.
yes basically bitcoin is a currency and specially is an online currency, but the problem is that he users of bitcoin are still very low therefore most of the people are not using it as currency and are using bitcoin as for investment.
legendary
Activity: 966
Merit: 1042
May 06, 2017, 12:16:04 PM
Bitcoin is more than just a currency. Bitcoin can be used as an investment that provides a better profit than what we previously did. Popularity bitcoin's evidence bitcoin has a bright future.

Yup, I exclusively hold bitcoins as a store of value and I'm not ever going to sell them. Once I retire I'll use them as my spending money. If they're worth nothing then I guess I'll just buy a nice rocking chair and watch the days pass by until I croak. Either way is good for me.
hero member
Activity: 490
Merit: 520
May 06, 2017, 11:34:30 AM
It's still a currency, but right now the price was changing really fast. I think better to sell right now your coins and wait for any dumps, if you read the last news we had a lot of issues with lost bitcoins 3 billion bitcoins been wiped. Indeed, we know that anything can happend in this 2 weeks better to buy some fiat money and save them for next invest

I dont think that it was treated still as a currency, when is the last time you paid for something using bitcoin? It is treated now as an asset especially to third worlds that do not have that much information bout the digital currrencies. In my country there are no bitcoin ATMs and there are only few stores that accept bitcoin, which is really dissapointing. So what will you do with your bitcoin when you can't use it to buy something, you save them, and the very good way to earn is to wait for a good price and sell it or convert to real money. It is an asset.
Yes, bitcoin is an asset but this doesn't mean bitcoin is not a currency. I have something for all of you that said bitcoin is not currency. Anything that have values or can be used in making payments or can be transferred digitally are also asset? Therefore, the so call currency you spent in your country is also an asset.
If anything Bitcoin makes an interesting debate on where something of value that is divisible and easily spendable changes from an asset to a currency, or the other way around. There aren't really any good ways to reference the information for something like this since the only instance we've had was gold (and other metal) coins transitioning into bars and the like, but the thought experiment is interesting nonetheless. I've heard that there is a different between currency and money, so where does Bitcoin fit in?
sr. member
Activity: 980
Merit: 250
$CYBERCASH METAVERSE
May 06, 2017, 11:23:31 AM
Bitcoin is more than just a currency. Bitcoin can be used as an investment that provides a better profit than what we previously did. Popularity bitcoin's evidence bitcoin has a bright future.
sr. member
Activity: 910
Merit: 251
May 06, 2017, 10:26:42 AM
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?
Actually, you already answered your own question dude, it is true the bitcoin is a store of value. But for me I would rather go to hold some bitcoin for the future preparation due to the volatility is very aggressive when it comes the value is movable sometimes too.
hero member
Activity: 1834
Merit: 566
April 04, 2017, 09:09:06 PM
It's still a currency, but right now the price was changing really fast. I think better to sell right now your coins and wait for any dumps, if you read the last news we had a lot of issues with lost bitcoins 3 billion bitcoins been wiped. Indeed, we know that anything can happend in this 2 weeks better to buy some fiat money and save them for next invest

I dont think that it was treated still as a currency, when is the last time you paid for something using bitcoin? It is treated now as an asset especially to third worlds that do not have that much information bout the digital currrencies. In my country there are no bitcoin ATMs and there are only few stores that accept bitcoin, which is really dissapointing. So what will you do with your bitcoin when you can't use it to buy something, you save them, and the very good way to earn is to wait for a good price and sell it or convert to real money. It is an asset.
Yes, bitcoin is an asset but this doesn't mean bitcoin is not a currency. I have something for all of you that said bitcoin is not currency. Anything that have values or can be used in making payments or can be transferred digitally are also asset? Therefore, the so call currency you spent in your country is also an asset.
full member
Activity: 252
Merit: 100
April 04, 2017, 09:08:52 PM
if this is not a mat bitcoin money but bitcoit is a stock company, as the stock has a high price and the price can go down as well. most of the price or value increased by adoption and demands.
hero member
Activity: 1008
Merit: 501
April 04, 2017, 07:27:55 PM
It's still a currency, but right now the price was changing really fast. I think better to sell right now your coins and wait for any dumps, if you read the last news we had a lot of issues with lost bitcoins 3 billion bitcoins been wiped. Indeed, we know that anything can happend in this 2 weeks better to buy some fiat money and save them for next invest

Those people that are thinking bitcoin isn't a currency now are those people that wants to make their coins pumped and used by bitcoin users. They are spreading lies throughout the forum just like what happened with bitcoins price. It's dropping because of their ambitious goal to make in line with bitcoin which is a crazy thing.
I think the bitcoin currency. All that you can buy a product can be considered currency. As for the price, I think it will fall further. It is impossible to keep such a high price. Stable the currency will not.
I think they could not use bitcoin for spending easily and freely. so they say that it is not a currency bitcoin? I think it naturally happened
sr. member
Activity: 378
Merit: 250
April 04, 2017, 04:24:15 PM
I have always considered bitcoin an asset not a currency.
hero member
Activity: 1092
Merit: 501
April 04, 2017, 03:51:42 PM
I think this is a truth that bitcoin is not a currency , because the name of the bitcoin to bitcoin digital currency is made by the users of bitcoin .
The reality behind the  bitcoin is , it is just a written data , and it is about impossible to erase without the permission of the owner of bitcoin network .
And here all the bitcoiners have the trust with bitcoin that bitcoin can be use as payment and has value and has limit like the fiat money .
Allover this is just the trust system between the bitcoin to each other for bitcoin value .
I guess as long as it can be used as payment I will call it a currency which is (virtual currency). Moreover, if bitcoin is not a currency it shouldn't be en-cash or convert it into a real currency of each nation.
sr. member
Activity: 1638
Merit: 300
April 03, 2017, 05:19:14 PM
It's still a currency, but right now the price was changing really fast. I think better to sell right now your coins and wait for any dumps, if you read the last news we had a lot of issues with lost bitcoins 3 billion bitcoins been wiped. Indeed, we know that anything can happend in this 2 weeks better to buy some fiat money and save them for next invest

I dont think that it was treated still as a currency, when is the last time you paid for something using bitcoin? It is treated now as an asset especially to third worlds that do not have that much information bout the digital currrencies. In my country there are no bitcoin ATMs and there are only few stores that accept bitcoin, which is really dissapointing. So what will you do with your bitcoin when you can't use it to buy something, you save them, and the very good way to earn is to wait for a good price and sell it or convert to real money. It is an asset.
legendary
Activity: 1862
Merit: 1004
April 03, 2017, 05:06:52 PM
Bitcoin is not as good as it used to anymore. Since the number of the people using Bitcoin increases, the blockchain and miners can not handle and make all transaction confirmed in 24 hours and it is very suck. You know, sending $1000000 oversea in only 2-3 days is a great thing but buying a cup of coffee for 2-3 days is a disaster
Progress of adoption is not a problem, not yet anyway. We estimate that legitimate uses of the blockchain storage space to be approximately 3/4 of 1 MB.
All other data is either spam or useless data. W can still have properly confirmed transaction with proper and hefty fee.
SegWit and Lightning Network activation (hopefully) will solve that problem in the future completely.
hero member
Activity: 1834
Merit: 566
April 03, 2017, 03:50:43 PM
It's still a currency, but right now the price was changing really fast. I think better to sell right now your coins and wait for any dumps, if you read the last news we had a lot of issues with lost bitcoins 3 billion bitcoins been wiped. Indeed, we know that anything can happend in this 2 weeks better to buy some fiat money and save them for next invest

The fact that it shows glimpses of a commodity or stock doesn't make it less of a currency. It's just that Bitcoin is more than a currency but not less of a currency. It has more features other fiats don't plus it can do more and the blockchain technology behind it makes payment processing easier world wide.
We have to focus on what bitcoin can only deliver, it's not a fiat then fine but I can say now it's useful than fiat at least to all of us who appreciate bitcoin. It will not be the future but I am sure it's going to be big, the future still depends on how people will be able to accept this innovative technology.
Bitcoin is not as good as it used to anymore. Since the number of the people using Bitcoin increases, the blockchain and miners can not handle and make all transaction confirmed in 24 hours and it is very suck. You know, sending $1000000 oversea in only 2-3 days is a great thing but buying a cup of coffee for 2-3 days is a disaster
Bitcoin is now good more than before. Yes, was having problem with the block size since number of bitcoin users increase. But a lot of correction were through the network which work on blockchain transaction. The developer were the cause of the problem though and this don't stop bitcoin from been a decentralized currency.
member
Activity: 84
Merit: 10
March 22, 2017, 01:50:28 PM
It's still a currency, but right now the price was changing really fast. I think better to sell right now your coins and wait for any dumps, if you read the last news we had a lot of issues with lost bitcoins 3 billion bitcoins been wiped. Indeed, we know that anything can happend in this 2 weeks better to buy some fiat money and save them for next invest

Those people that are thinking bitcoin isn't a currency now are those people that wants to make their coins pumped and used by bitcoin users. They are spreading lies throughout the forum just like what happened with bitcoins price. It's dropping because of their ambitious goal to make in line with bitcoin which is a crazy thing.
I think the bitcoin currency. All that you can buy a product can be considered currency. As for the price, I think it will fall further. It is impossible to keep such a high price. Stable the currency will not.
hero member
Activity: 854
Merit: 500
March 22, 2017, 12:43:44 PM
It's still a currency, but right now the price was changing really fast. I think better to sell right now your coins and wait for any dumps, if you read the last news we had a lot of issues with lost bitcoins 3 billion bitcoins been wiped. Indeed, we know that anything can happend in this 2 weeks better to buy some fiat money and save them for next invest

The fact that it shows glimpses of a commodity or stock doesn't make it less of a currency. It's just that Bitcoin is more than a currency but not less of a currency. It has more features other fiats don't plus it can do more and the blockchain technology behind it makes payment processing easier world wide.
We have to focus on what bitcoin can only deliver, it's not a fiat then fine but I can say now it's useful than fiat at least to all of us who appreciate bitcoin. It will not be the future but I am sure it's going to be big, the future still depends on how people will be able to accept this innovative technology.
Bitcoin is not as good as it used to anymore. Since the number of the people using Bitcoin increases, the blockchain and miners can not handle and make all transaction confirmed in 24 hours and it is very suck. You know, sending $1000000 oversea in only 2-3 days is a great thing but buying a cup of coffee for 2-3 days is a disaster
sr. member
Activity: 784
Merit: 250
March 22, 2017, 11:34:06 AM
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.
I like to ask if any currency had ever been invested into before, It seems not to be property of a known currency. I stand to be corrected.
Having two incomes, and separately receiving bitcoin and fiat, it is possible to invest Fiat, and beatcoin to save. I like investing in real estate. This is a good income.

In order to invest in real estate you need to accumulate a lot of money. This is a serious investment.
In bitcoin it is easier to invest, because you can buy only a small part of this coin
Investing in real estate is not a joke, it needs big capital for you to have an investment in this type scheme. compare into bitcoin, you can invest in the amount what you can afford to buy only.
legendary
Activity: 1092
Merit: 1000
https://trueflip.io/
March 20, 2017, 06:38:09 PM
It's still a currency, but right now the price was changing really fast. I think better to sell right now your coins and wait for any dumps, if you read the last news we had a lot of issues with lost bitcoins 3 billion bitcoins been wiped. Indeed, we know that anything can happend in this 2 weeks better to buy some fiat money and save them for next invest

The fact that it shows glimpses of a commodity or stock doesn't make it less of a currency. It's just that Bitcoin is more than a currency but not less of a currency. It has more features other fiats don't plus it can do more and the blockchain technology behind it makes payment processing easier world wide.
We have to focus on what bitcoin can only deliver, it's not a fiat then fine but I can say now it's useful than fiat at least to all of us who appreciate bitcoin. It will not be the future but I am sure it's going to be big, the future still depends on how people will be able to accept this innovative technology.
sr. member
Activity: 686
Merit: 253
March 20, 2017, 05:27:18 PM
It's still a currency, but right now the price was changing really fast. I think better to sell right now your coins and wait for any dumps, if you read the last news we had a lot of issues with lost bitcoins 3 billion bitcoins been wiped. Indeed, we know that anything can happend in this 2 weeks better to buy some fiat money and save them for next invest

The fact that it shows glimpses of a commodity or stock doesn't make it less of a currency. It's just that Bitcoin is more than a currency but not less of a currency. It has more features other fiats don't plus it can do more and the blockchain technology behind it makes payment processing easier world wide.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
March 20, 2017, 03:50:23 PM
It's still a currency, but right now the price was changing really fast. I think better to sell right now your coins and wait for any dumps, if you read the last news we had a lot of issues with lost bitcoins 3 billion bitcoins been wiped. Indeed, we know that anything can happend in this 2 weeks better to buy some fiat money and save them for next invest

Those people that are thinking bitcoin isn't a currency now are those people that wants to make their coins pumped and used by bitcoin users. They are spreading lies throughout the forum just like what happened with bitcoins price. It's dropping because of their ambitious goal to make in line with bitcoin which is a crazy thing.
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