if I think bitcoin can be a currency gan. if you use in countries like Japan Korea and countries that have joined in the crypto.
if you use bitcoin agan in Indonesia it is true the Indonesian government still prohibits bitcoin as a transaction tool .
Topic: Bitcoin is not a currency? - page 11. (Read 1975 times)
BItcoin was an virtual currency not a fiat currency and it is a new technology so it no need to fulfil the old definition of an currency.You can see bitcoin is the most expensive currency of the world right now.You are right it may stay forever or will fade away in 10 years this statement was already given by the founder of bitcoin.
According to scientists, to bind "Alice" to its Bitcoin-transactions you need very little data. It is quite possible to establish the identity of even users of CoinJoin
I found a video on YouTube https://youtu.be/qTxPfxmkLIY that according to this man (Warren Buffett) said "Bitcoin doesn't meet the definition of a currency" and he said that "he would not be surprised if bitcoin is not around in 10 or 20 years".
Is he a hater of bitcoin? while other big names appreciate the bitcoin.
Your thoughts?
Is he a hater of bitcoin? while other big names appreciate the bitcoin.
Your thoughts?
Anyway in this cases he has a point when he said bitcoin is not a currency because before we can use bitcoin in other side we need first to convert bitcoin to our local currency or money so the process is like buying oil or other things but don't stop in that point, make the meaning of bitcoin broad because we can also use bitcoin as currency because we can pay something like electric bills using bitcoin its because bitcoin is accepted as one of the world currency so we can buy our needs using bitcoin not only our local currency where we are. In that point we don't have any reason to say bitcoin is not a real currency because bitcoin is real and great currency not just a currency because bitcoin is universal currency.
Bitcoin is an investment , not a currency.
I found a video on YouTube https://youtu.be/qTxPfxmkLIY that according to this man (Warren Buffett) said "Bitcoin doesn't meet the definition of a currency" and he said that "he would not be surprised if bitcoin is not around in 10 or 20 years".
Is he a hater of bitcoin? while other big names appreciate the bitcoin.
Your thoughts?
Bitcoin is a currency, it is a virtual money or a cryptocurrency. Bitcoin is a good investment than in a fiat money in a bank. Although its price is unstable, and it is always changing, I can assure you that if you invest to bitcoin you can reveice a higher profit than in investing to a banks. Is he a hater of bitcoin? while other big names appreciate the bitcoin.
Your thoughts?
You can say that bitcoin is a good investment. The price is constantly changing and at this drop you can earn good money. But on the other hand bitcoin is a currency which can be traded for example.
in simple words bitcoins is not a currency but it is a form of investment which can be converted into cash anytime at the time of need..
maybe that's just his opinion we never know the next few years about what will happen because change always happens at any time.bitcoin as currency or not it depends on the person itself, if bitcoin as a means of payment then it is called a currency
Different people using them with different purposes. Some are taking them as asset and start investing in them. And some legends are there who are continuously using them in payment methods and thus they become currency. So yes you are right. It basically depends on the person how he is taking these amazing coins. But majority is now, considering them as an asset not a currency.
from the beginning of bitcoin making is designed to be a currency, you can use it as a tool to transact, but nowadays most people use it as an asset to invest than make it as currency, there may be some factors that cause bitcoin better used as investment as the price is quite volatile where bitcoin prices tend to change quickly so that many people are looking for profits from the price changes
This old man is talking too much and didn't intended to talk like that, obviously he cannot point out Any factors why he said bitcoin is not a currency while in fact Currency means to facilitate transactions. Bitcoin is a currency because bitcoin is making any transactions easy and easier than fiat currency. Bitcoin is making transactions safe and effortless.
Bitcoin has already become a popular medium of exchange, and in some places started trading commodities by this. In this case, Bitcoin can be considered as a type of currency. Although it has not yet emerged as the official currency.
For your information,bitcoi had step into 9th year now.Do you think,it will no more in a decade.Not at all.Now bitcoin is used as a
one of the currency in many G-20 countries.I think bitcoin was legal in 15 countries of G-20 countries.
Bitcoin is the both currency and asset now.Many people had start to inverse in bitcoin as an asset.
one of the currency in many G-20 countries.I think bitcoin was legal in 15 countries of G-20 countries.
Bitcoin is the both currency and asset now.Many people had start to inverse in bitcoin as an asset.
I found a video on YouTube https://youtu.be/qTxPfxmkLIY that according to this man (Warren Buffett) said "Bitcoin doesn't meet the definition of a currency" and he said that "he would not be surprised if bitcoin is not around in 10 or 20 years".
Is he a hater of bitcoin? while other big names appreciate the bitcoin.
Your thoughts?
Is he a hater of bitcoin? while other big names appreciate the bitcoin.
Your thoughts?
"bitcoin is not currency", "bitcoin is bubble", and many more such statements are spread on the internet and mass media. but, I think, bitcoin holders are indifferent to statements someone like Warrent buffett.
I think, they (someone like warrent buffett) just try to spread fear to the community. maybe, actually he do not fully understand about bitcoin.
Warren Buffett has already admitted that he do not understand potential of modern technologies and he can not predict their future, like he thought that Facebook is unsuccessful startup, so don`t mind about his words
I think Bitcoin and other crypto currencies are still very new. there is a lot of speculations and negative opinion about it. So I'm sure that people will be valued even more when they understand its fundamentals and logic.
I found a video on YouTube https://youtu.be/qTxPfxmkLIY that according to this man (Warren Buffett) said "Bitcoin doesn't meet the definition of a currency" and he said that "he would not be surprised if bitcoin is not around in 10 or 20 years".
Is he a hater of bitcoin? while other big names appreciate the bitcoin.
Your thoughts?
Is he a hater of bitcoin? while other big names appreciate the bitcoin.
Your thoughts?
I know buffet won't be here in 20 years
He's like 100 now
Crypto will be the global currency
Crypto has moved into big corporations with eth
Every major bank has crypto divisions trying to create their coin
Currency is obsolete
It's all digital now
Most get direct deposit digital credits
Most pay bills with auto digits
Crypto just makes digital currency which everyone uses more secure
Old digital currencies tied to Fiat
Early crypto valued in Fiat
The eventual winner will be a global crypto valued in crypto
U see it now, new crypto is valued in fractions of what?
BTC
So Bitcoin is now what 800 billion in crypto assets is valued in
As soon as all these new coins started to be valued against BTC it proved buffet wrong
Fiat is the dinosaur
I think the correct use for bitcoin besides HODL is to exchange it for alts when you do want to make smaller transactions.I have recently been swapping to LTC before the recent spike because of its stability and quick processing time.
The bitcoin consists of a string of letters and numbers, called a public key. This public key is a bitcoin address that you can share with others
I found a video on YouTube https://youtu.be/qTxPfxmkLIY that according to this man (Warren Buffett) said "Bitcoin doesn't meet the definition of a currency" and he said that "he would not be surprised if bitcoin is not around in 10 or 20 years".
Is he a hater of bitcoin? while other big names appreciate the bitcoin.
Your thoughts?
that was his opinion I think, and maybe it's true because, in my own understanding, a currency should be used in all monetary aspects such mode of payments that accepted on all business establishments, as long that mass adoption has not been realized, bitcoin will never be a currency. Is he a hater of bitcoin? while other big names appreciate the bitcoin.
Your thoughts?
Jump to: