Bitcoin is not a currency? - page 7.

Dark Sky

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Quote from: rejekiku on April 09, 2018, 07:39:58 PM

Quote from: nix_7878 on December 26, 2017, 11:24:47 PM

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, he is. Maybe he doesnt know much about bitcoin.

Yes i think he is hate bitcoin or he is jealous from bitcoin so that's why he saying negative about bitcoin, so in my thought bitcoin is a very popular and beneficial currency in all over the world and many of people ate really like it because they know it can change their life.

rejekiku

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Quote from: nix_7878 on December 26, 2017, 11:24:47 PM

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, he is. Maybe he doesnt know much about bitcoin.

Starone1

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Quote from: bitcoinminer45678 on April 09, 2018, 11:02:47 AM

Bitcoin is a currency, a cryptocurrency were only exist in computer and could buy any item online. I think the difference between the currency and the crypto one is the currency has a value and an actual visualization while the crypto is also has a value and but without actual visualiziation. But still the VALUE is indicated, bitcoin is a currency.

Bitcoin is obviously a currency. The only thing that hinders the imagination of a person to consider it as a currency is that it could not be saved in a paper wallet in the form of physical entity. Bitcoin are being used nowadays at a greater rate than the normal paper or the plastic assets and I think that soon it is going to take over the old traditional methods.

Anamika143

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Definitely bitcoin is a currency. But it is online a currency. People can not keep this coin on their hands. Need a secure online wallet for keeping your bitcoin.

Crowdsale.network

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I think that everybody can have their own private opinion. like me or W.Buffett. BTC is a crypto currency and a payment system, its main advantage being that transactions are anonymous and peer-to-peer. I love BTC because I believe that BTC will change our lives.

bitcoinskyrocket09

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Well bitcoin is not a currency actually it is a digital currency or also digital money for us. Those bitcoins are very helpful in our community and also in our sociality. But for me as it continues to help and used by many people as an sort of income or a savings for me it will be a currency because the only thing that matter is bitcoin cannot be seen or cannot be touched it is inside a computer.

ScottJake

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For me this person is obviously a potential enemy of bitcoin, he simply wants to discredit the potential of this cryptocurrency

FRJ

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The Worlds Most Advanced Distributed Computer

Maybe he is a hater of Bitcoin. but I'm not sure about it .so I don't want to talk about this. but as far as I know Bitcoin is a digital currency. it can also be defined as Global currency. it can be used through the help of internet .actually it is an online currency. Maybe it can be used in offline too. We can buy things by Bitcoin .we can trade Bitcoin ,invest in Bitcoin. so where's the doubt comes that Bitcoin is not a currency ??then what is it which is helping us in doing different activities?? it's just like cash but it's actually not cash. it's better than cash.

emelyanova

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Quote from: nix_7878 on December 26, 2017, 11:24:47 PM

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?

Will Warren Buffet be around in 10-20 years ? Coming back to bitcoins , it has already survived for last 8 years and that is enough to shut up the haters.

BCTBF

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That can be called as the currency can be recognized by the state and the state has claimed if it is the currency in their country. That's not the case in bitcoin, bitcoin is just a digital currency and is not protected by any country. So obviously I think bitcoin is not a currency either.

Snaic

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Bitcoin, of course, is not a currency. Most of the national money is also not a currency. Bitcoin is officially recognized as a payment instrument only in some countries. In my opinion, I never met anywhere that any country recognized its currency. If ever it is recognized as a currency, it will not be soon. Now the crypto currency has more significant problems than this one.

robynmario

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If you talk about monetary concepts and define them according to the rules of currency existence. Bitcoin is obviously not true to that concept. However, with high value and from an economic point of view, with particularity may become the future payment method and be exchanged like the essence of USD, UERO ... it can be defined as currency.

jakoylantern

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For me, bitcoin is a currency but in forms of digital. We all know that you can use bitcoin to buy some things that you want or need. Also, there are some companies are now accepting bitcoin as payment and the popularity of bitcoin is now growing. Yes, you can say that bitcoin is not a currency because of most of its users use it as an asset, and I agree to them because you can earn money with the support of bitcoin or cryptocurrency. We all know that you can gain bitcoin in many different ways. Just don’t forget that bitcoin is a cryptocurrency and not a real and legal currency.

nesis67

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we have diversity of thinking and the opinion of one may lead to hoax or success. I doubt when he said, bitcoin will just exist 10 to 20 years. How he would know it? Is he a foreteller or storyteller? We could not guess the future based on what is happening right now but the point is, we must appreciate every second that bitcoin exist and helps the people to rise up from poverty.his opinion is very unreasonable, as many major state countries that support the use of bitcoin and influential people in the world also support bitcoin.

bidadari22_

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In my opinion, Bitcoin is a currency, but its operations require some infrastructure like the internet, cellular wallets, etc. This arrangement is not possible in all countries, even in all parts of the country. It has limited bicoin as currency. Because supply is limited and demand is rising, bitcoin prices are rising rapidly, as more and more investors are becoming increasingly interested and making it a popular investment mode, so it seems to me.

bitcoinminer45678

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Quote from: kasemin on April 08, 2018, 10:19:04 AM

Everyone has an assumption about Bitcoin and some days they like it and some of them are not sure if the buffett will live after twenty years. But Bitcoin will still exist and will shine for the future has proven its potential and no longer requires certification of someone praising Bitcoin. Predicting that bitcoin will die.

Bitcoin is experiencing a huge load on its network. The transactions aren't as cheap as they used to be but it is also due to massive increase in Bitcoin price. Some people treat Bitcoin like a non-physical gold which will replace the real one. Fortunately, it might change after introducing the Lightning Network which will definitely lower the transaction fees and make Bitcoin widely accepted. Bitcoin is a currency.

supine

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Bitcoin can be considered as a currency since it can be converted to fiat. Bitcoin or cryptocurrency is a technological advancement in terms of money. Bitcoin had been a convenience to any one, even in businesses. Some businesses are even starting to integrate block chain in their business system.

Dangdingdongbray

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Menurut pendapat saya, pembenci bitcoin selalu berpikir negatif tentang pengembangan bitcoin, dan mereka semua dipengaruhi oleh berita negatif tentang bitcoin, sedangkan banyak orang pintar di dunia mendukung penggunaan bitcoin.

Nanknink boy

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I think he is not a bitcoin hater, he is a person who does not keep up with the evolving technological developments and will be something that will be used in the future, of course that's only a small part because there are a lot of great and influential people out there who support the existence bitcoin.

KingOfWinterfell01

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He's probably right. In order for bitcoins to be dubbed as a currency, in my opinion, it must be stable in pricing, have an enormous supply, and is accessible to anyone, even the poor. We can't have bitcoins yet it places not connected to the internet heck even electricity.

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