Topic: Bitcoin is not a currency? - page 14. (Read 1975 times)
Bitcoin would like to be a currency, but so far it is only good for speculation. It does not behave like a store of value and is too volatile for means of payment.
I strongly disagree very approximately bitcoin is not a currency. Bitcoin is a currency, a cryptocurrency were by yourself exist in computer and could get your hands on any item online. I think the difference with the currency and the crypto one is the currency has a value and an actual visualization while the crypto is in addition to has a value and but without actual visualiziation. But yet the VALUE is indicated, bitcoin is a currency.
Of course, bitcoin is a currency. It was created as alternative currency. It is called digital currency.
Maybe he told that because he was paid buy other currwncy that want bitcoin to destroy. But hes not completely did because most people are believe that bitcoin will last longer and accept the reality that bitcoin is now our digital currency that lessen our work in buying. Helping us to have extra income or even as our full time job.
Bitcoin was long ago acknowledged to be a currency, a cryptocurrency to be precise. And it's very popular now and quite a lot of people try to pay with it.
the international financial services agency says bitcoin is not a digital currency but a virtual currency and not an effective currency to use. Indeed, virtual currencies such as bitcoin and litecoin are difficult to adopt as conventional currency.
however, due to its independent status alias knows no national borders, then the virtual currency has the potential to attract merchants.
however, due to its independent status alias knows no national borders, then the virtual currency has the potential to attract merchants.
Bitcoin can be quite a full-fledged cryptocurrency, just its time as a means of payment has not yet come. You'll see in the future will be very real to go to the store and pay for your purchases of bitcoin.
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 and also a property of those who own it. I think many people are investing in Bitcoin just to get a bit of time and money. Long-term investment, this does not affect Bitcoin much, but these currencies need more supply, so I think it is necessary to invest in long-term. Is he a hater of bitcoin? while other big names appreciate the bitcoin.
Your thoughts?
Many person looks bitcoin as an currency, it is be an money and rich for your. But indeed, bitcoin is bring and new range, it is open of new time, take in to blockchain, so i think it is more important bitcoin is not a currency, it is an represent of new technical in encrypt currency. So it is constitutor of the rule of encrype payment, it is an revolution. Now it is not just in currency, in many area is using blockchain technical.
In countless myths of wealth creation, bitcoin is probably the most legendary. Now Bitcoin users have been replaced by capital operators. Capital has changed the nature of bitcoin, and now bitcoin is becoming more and more like traditional 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?
Is he a hater of bitcoin? while other big names appreciate the bitcoin.
Your thoughts?
Well the man has a point that bitcoin could not be a currency and a lot of people holding bitcoin treated it as an asset and never use it for purchase because of some reasons. But saying that it will not be around in 10-20 years, I think he is mistaken. Bitcoin could even be more expensive by that time since a lot of people are already getting involved in cryptocurrency. If it didn't die before when it was not popular, I doubt it will happen now when it has so many supporters already.
truly for sure as indicated by a few people bitcoin as a money yet I concur with what he said. I think bitcoin is an instrument that utilizations blockchain innovation with a virtual frame so in view of its advantages as a methods for cash exchange or buy altcoin numerous individuals call it as money.
Every person have different opinion about bitcoin or other cryptocurrencies, and i think he is just telling what he thinks about bitcoin based on his observations. We cant do anything about that, because thats his thoughts. Yes, he is right that bitcoin is not a currency. In fact, it is not recognized by bank as currency, however, it has characteristics that are the same with currency such as divisibility, transferability, durability, and scarcity. Bitcoin is already existing for 9 years now, and i think it will still exist in the future due to its wider adoptation. It will only die if no one will use or invest on it.
Bitcoin is absolutely not a currency... although people can use it like it was, in some ways.
Bitcoin is three things:
1. An Internet/electronically transferred digit/number system;
2. A record of all such transfers (blockchain);
3. Encryption of the above.
Bitcoin is three things:
1. An Internet/electronically transferred digit/number system;
2. A record of all such transfers (blockchain);
3. Encryption of the above.
Bitcoin is just a currency only digital that carries a transfer to the national currency, you can translate it into anything.
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?
yes indeed according to some people bitcoin as a currency but I agree with what he said. I think bitcoin is a tool that uses blockchain technology with a virtual form so because of its benefits as a means of money transfer or purchase altcoin many people call it as currency. Is he a hater of bitcoin? while other big names appreciate the bitcoin.
Your thoughts?
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?
I think this is wrong. When we can use Bitcoin as a method of payment, then Bitcoin is the currency. The only bitcoin can be a way of investing, with the price fluctuating. So, tell them that bitcoin is the digital currency used by the world community. Is he a hater of bitcoin? while other big names appreciate the bitcoin.
Your thoughts?
Following.
Each has it's own opinion about the Bitcoin. Some one likes it and nobody is sure about it. So Warren is a person others do not like the idea of enriching ideas. He does not struggle but those who work on this project get money. This is a coin that is not used on an investment only.
Bitcoin is a electric data. No people can use it physically. They have to use it at online if they wants to deal with this coin. There is no genuine certificate has been given by any government to this coin so that we can not take it as a legal currency. Bitcoin is a cryptocurrency and there is no any type of legal documents about this coin by any government as well even some government have banned his coin in their country. If you want to deal with this coin then you have to take the decision with yourown responsibility. Currency is a genuine system for all time but this is not a coin which is related with government authority .
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?
There are some characteristics of currency, and it have some specific features and of course crypto differs from it, and I am not surprised, as it is normal. It is specific type of currency.
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