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Topic: Bitcoin is not a currency? - page 3. (Read 1973 times)

newbie
Activity: 53
Merit: 0
April 21, 2018, 08:43:16 AM
It would appear that 2017 could be fairly called the Year of Bitcoin. The most popular and thus valuable cryptocurrency has been breaking record after record this year. On 8 November, 1 BTC was trading somewhere around $7,700; at the beginning of the year it was worth about $960). Crazy.
However, due to the fork that did not happen (and the Bitcoin community was rather looking forward to it, as the intended development should have increased the speed of transactions), the market reacted harshly. Bitcoin quickly lost quite a chunk of its value. At one point in time, it was as low as $5,600, but at press time had rebounded to $7,200. Hence, it is growing. Again.
Despite seeing all of this, I am still quite surprised that many people tend to think that Bitcoin is a currency, though at this point in time it is not a threat to our regular fiat currencies. On the other hand, a number of people seem to realize that transaction times, energy inefficiencies in Bitcoin mining and the like are some of the key challenges that prevent Bitcoin from becoming a true alternative to USD, GBP or EUR.
full member
Activity: 336
Merit: 100
The Pure Proof-of-Tansaction [POT]
April 21, 2018, 08:21:35 AM
I don't know if he hates bitcoin,maybe he have not enough knowledge on bitcoin.For me,I considered bitcoin as future currency.
jr. member
Activity: 168
Merit: 4
April 21, 2018, 08:17:06 AM
Anyone can argument anything about bitcoin, no one forbids it. But we have to know every decision to join bitcoin is a self-decision. We can see also the percentage of the likes bitcoin more than the dislike. Many other famous figures support with bitcoin are Bill Gates, Richard Branson, Eric Schmid and others. I think it is understood only when there are like and dislike of something phenomenal thing. The decision to come back is in your hands. But I keep joining bitcoin. Smiley
full member
Activity: 406
Merit: 117
April 21, 2018, 08:09:45 AM
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 Mr. Warren Buffet is a anti bitcoin or anti crypto. Maybe he doesn’t experience having the bitcoin. He is intelligent person, but he judges the bitcoin by its cover. Whatever he says regarding on the bitcoin. we always believe the bitcoin is can be an asset and currency.  Currency because we can use the bitcoin paying the bills through online or even normal transaction. It can be also asset because of the unstable value. Never judge somethings without knowing the whole benefits that can give to the people.
newbie
Activity: 112
Merit: 0
April 21, 2018, 07:59:08 AM
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 bitcoin ia crypto currency. it will become currency in future. I prefer to say bitcoin is an assets.
newbie
Activity: 224
Merit: 0
April 21, 2018, 07:55:05 AM
What does it matter what someone likes or dislikes. We have our own opinion. If now there is a time to make money on it, why not believe it.
jr. member
Activity: 317
Merit: 1
April 21, 2018, 07:31:55 AM
I think bitcoin is not a currency. which we can hold, touch, so it's different.

we must hold bitcoins for a long and rich future. Every future shareholder depends on holding bitcoin in the future. Bitcoin is a currency that we can use every day for daily transactions
full member
Activity: 336
Merit: 100
April 21, 2018, 06:59:56 AM
Bitcoin may not be like our fiat currency since its digital likewise the paypal, gcash, and other digital apps to storing your currencies. But once it is withdrawn to whatever currency you are using then it becomes one.. In my opinion. It's hard to explain to those closed minded people so why bother wasting time explaining to them when they don't even believe. Let them discover it for themselves if they are that interested they will surely find ways. As for us who knows what bitcoin is and have earned throught the years or days lets stick to what we believe in. And do our research study on that matter to prove everything we think it is.
copper member
Activity: 280
Merit: 0
April 21, 2018, 06:51:39 AM
Many people in the world do not consider Bitcoin as currency because they do not know anything about Bitcoin, Bitcoin seems to be a scam. But for people who are connected to Bitcoin or who have complete knowledge about Bitcoin, this is a viable currencies. . Bitcoin will become the most used currency in the world in the coming times.
full member
Activity: 1638
Merit: 122
April 13, 2018, 05:51:55 PM
yes various people have different opinions, and I do not really care what he says. yes, most importantly for me, bitcoin can provide an opportunity to improve good living through investment, trade.

Yeah right. All of us have our own different meaning or deffinition to any other things that we see and feel. I also agree that we should never care about other people, on what they are saying. Instead we should only care to our self because we only know what is really good for us. But overall based on my own perspective , i think that bitcoin is really a legit and pure currency because it can also be used as buying. bitcoin can do what fiats can do but fiat cant do what bitcoin can do ( vice versa)
full member
Activity: 152
Merit: 100
April 13, 2018, 04:21:24 PM
My opinion about this new individual, that bitcoin is an investment and  transaction, bitcoin is an easy-to-use digital currency. Because for us bitcoin a bright future, easy to get more profit, according to our society bitcoin is very safe and easy to use in all forms. .
hero member
Activity: 1204
Merit: 500
April 13, 2018, 01:46:41 PM
for now, bitcoin is not a legitimate money mat. bitcoin is only recognized as a source, because bitcoin is often used as an investment tool. I think that bitcoin is better at making investment tool, because the utility most often done by people is investment.
newbie
Activity: 154
Merit: 0
April 13, 2018, 01:45:14 PM
Why not? Bitcoin have every attribute of fiat currency and even with benefits. I believe that bitcoin would be international currency at some point.
sr. member
Activity: 686
Merit: 257
April 13, 2018, 01:23:22 PM
It is not a currency it is just like a digital goods and just like a gold where in we are using it as an investment, and I don't think that it would be recognize as a currency as time is passing by. Maybe in the future, if all countries would finally adapt it.
sr. member
Activity: 588
Merit: 253
April 13, 2018, 01:09:56 PM
Everyone is free to say about bitcoin, but most important all bitcoin users feel the great benefits of bitcoin, we already feel a huge profit because of the price increase that happened in the past year, and it's just a matter of time to see the state legalize bitcoin.
newbie
Activity: 34
Merit: 0
April 13, 2018, 08:38:54 AM
the crypto-currencies began with bitcoin,this man's speech is not logical at all.
legendary
Activity: 867
Merit: 1000
April 13, 2018, 08:35:41 AM
Bitcoin can be a currency and also can be as an asset or your investment
it's depend on you how to use of bitcoin, I prefer to use bitcoin as the online payment and online investment
newbie
Activity: 26
Merit: 0
April 13, 2018, 08:21:22 AM
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 believe everyone is entitled to have their own perceptions about anything. It seems Warren Buffett doesn't like Bitcoin, it is his opinion after all. Maybe we just have to free ourselves from giving importance to such negativities that others tell about bitcoin and focus on what we really want. We can't just tell what might really happen to Bitcoin in the coming years based to what is happening right now.
hero member
Activity: 1092
Merit: 500
April 13, 2018, 08:13:42 AM
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?

For what He said about in Bitcoin was just his only opinion and speculation. Then if bitcoin is not true 2009 up to the present why Bitcoin came to this price value if there is no big community who believed the potentiality of bitcoin has.
member
Activity: 186
Merit: 10
April 13, 2018, 08:09:02 AM
Indeed many people assume that bitcoin is not a currency, bitcoin is a decentralized global transaction cash system. But for me bitcoin is the virtual currency used for payment. Bitcoin is also called the crypto currency which is a digital payment tool.
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