Some people don't believe in bitcoin because they don't even try yet to play in bitcoin. They did not aware what bitcoin is and at the same time they don't know the value of it.
They did not experience yet to win or to get an income to it. They don't even try to discover the power of bitcoin.
Topic: Bitcoin is not a currency? - page 16. (Read 1994 times)
Bitcoin is not a currency, and many countries issue it, and it isn't considered money. You can not use it to buy items in stores or at grocery stores. It can not be used to pay rent, electricity or water bills. So I think it is not a currency.
I disagree with you I think bitcoin is a currency people earn online and it make transaction easily people use it and invest in it and it changes life of many people and it is more than a currency. and it will be global coin soon and i am sure bitcoin will bring good days soon.
Bitcoin is not a currency, and many countries issue it, and it isn't considered money. You can not use it to buy items in stores or at grocery stores. It can not be used to pay rent, electricity or water bills. So I think it is not a currency.
I disagree with you I think bitcoin is a currency people earn online and it make transaction easily people use it and invest in it and it changes life of many people and it is more than a currency. and it will be global coin soon and i am sure bitcoin will bring good days soon.
Everyone has their own opinion about bitcoin and some of them love it and some of them are not sure about it. So most likely Warren is one of those men who do not like the idea of bitcoin to make others become able to meet his economic needs, but now everyone can get as much money as possible if working well in this project.
Bitcoin is not a currency, and many countries issue it, and it isn't considered money. You can not use it to buy items in stores or at grocery stores. It can not be used to pay rent, electricity or water bills. So I think it is not a currency.
It is a currency but lacks some criteria of other currencies. Lacking some criteria doesn't make you any less human or anything, you're just a different kind of currency human
It's not just a currency, it's a great one and more than a currency.
It's not just a currency, it's a great one and more than a currency.
In my opinion, he is not a hater but this man is just don't fully understand what Bitcoin is and how it has changed a lot of people's lives. Yes he is popular and has great influence but then he cannot change the fact that Bitcoin can change lives and it will continue to do so whether he believes in it or not.
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?
Maybe right now because of its high value that bitcoin tends to be overlooked as a currency and more of an asset or investment. Most of the time other altcoins fills this role since they have a lower value and much easier to use for transactions but I doubt that bitcoin would be like this forever, I'm sure it would be more stable in the years to come.
As the current situation BTC dominance is around 39% and market cap is around 450mioUSD. The dominance of the btc is decreased yoy calculation but the market cap is increased. In the longer term this would be in same parallel. BTC is no longer a currency it is loosing its power, if it has not develop itself by segwit, LN or any other new technological improvement.
There are a lot of websites out there which are accepting Bitcoin as a mode of payment, such as Overstock and Bitify. So we can say that Bitcoin (and some of the other currencies such as Litecoin and Ethereum) can be classified as a currency.
Unfortunately as of now because og certaib reasons such as the high volatility rate of bitcoin, and the high fluctuation rates, bitcoin, although originally intended to be the currency of the internet, couldn't be able to perform its main purpose. Which is very saddening when you remember the fact that bitcoin has a bleak future as an asset because of its high volatility rate. I hope someday bitcoin enthusiasts would come up with an effective solution to the said problem.
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?
Bitcoins was been here for almost 10 years and they are still existing so they are now considered as currency? And besides they will not be called as a cryptocurrency if they are not a currency because they can be exchange into real money or directly buy products using them and that thing is also the thing that a currency can do so they can be considered as a digital currency so dont hate.
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?
Everyone has the right to express his opinion, including the person in the youtube video you are watching, and for his statement bitcoin will disappear 10-20 years ahead only a predictor which is not necessarily true. As long as anyone uses bitcoin, bitcoin will survive, even after 20 years.
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?
No, it is indeed a currency. Otherwise it wouldn't be classified as a cryptocurrency right? Bitcoin is a currency but because of its unstable value and certain other reasons, it couldn't serve the purpose. As a matter of fact bitcoin was intended by Satoshi Nakamoto, the creator of bitcoin, to be the official currency of the internet. Yet sadly it couldn't serve the purpose it was bestowed with. Let's just hope that someday in the near future this problem would be solved. Is he a hater of bitcoin? while other big names appreciate the bitcoin.
Your thoughts?
For me bitcoin is currency, because i used it in specific transaction that accept bitcoin as payment, thats why many people invest in bitcoin, it has value, in can be used in many transactions.
Who care? People trade goods and fiat for Bitcoin now. Either it is a currency or asset, it has a value. Many people right now google for Bitcoin, just like people in the past questioning about "what is a Dial-up Modem?" when 3G not even exist yet". This is just a start, I estimate ~2% of world population. Sooner or later, this tech will emerge and trade around the world. It will be used by many people just like you are holding one country fiat.
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?
Yes, the man is a hater not just of Bitcoin but of cryptocurrency in general. And the more unfortunate thing here is that it seems to me that the man is not well-informed about the best features of Bitcoin. Bitcoin is not just about Bitcoin itself, or the coin that has earned so huge growths in the history of its existence. It is all about decentralization. Bitcoin is all about blockchain. It is all about anonymity. It is about a form of payment that is what we need in this age of digitalization.
Bitcoin has never been and will never become a currency. There are basic criteria on which is determined by currency. 1. Act as a monetary unit. 2.Used as a means of exchange. 3. They are a means of preserving capital.Bitcoin does not meet all these requirements.Due to the constant fluctuations in the bitcoin exchange rate, it is poorly functioning as a means of exchange.Bitcoin has no nominal value. Because of its volatility, it also does not meet this criterion. Bitcoin as an alternative investment is ideal as a means of preserving capital.
Of course Bitcoin is a currency and it is universally used. However, there is some availability of it that makes life easier for people to live. Bitcoin is used online because it is easy to deal with. I think people will be encouraged to use Bitcoin in the future.
Bitcoin is not a currency cause bitcoin is not a coin it also gold coin. Everyone is busy making their won statement bitcoin is getting stronger and more popular. Easy to international payment. Bitcoin is currency but in digital and we use it online but we aslo exchange it in official currency so it will make it easier for us to use it.
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