Bitcoin hasn't got matured to be used as a currency, but it has got the importance as a global currency. To be mature as a currency it is supposed to travel long, and this can be determined only after certain time period without which it is not at all possible to come up with a perfect solution on this.
You right, Bitcoin is still very young, there are still many problems that exist in Bitcoin. starting from fees, lack of acceptance, length of confirmation, and so forth. bitcoin hasn't matured into a currency yet, it takes a long process for it, but now bitcoin remains a global currency that worth to using
Topic: Do you think Bitcoin matured as a currency? - page 2. (Read 1613 times)
In the 3rd & 4th quater of 2018 up to Jan 2019, we have experienced a correction from that ATH and we are seeing much less volatility in the price.
Honestly speaking there are a long way still to go for bitcoins to be accepted as matured currency. The key factor of a currency should be it's less volatility but currently or till now predicting this from bitcoins is not wise.bitcoins are now around $3500 but no one know what will be the price value after a week. But consider the price between dollar/euro or dollar/pound it's predictable that there will be no big difference in near future in value.
bitcoins is still something good for investment but not everyday currency. May be Lightning Network will improve the Bitcoin and change the way we see bitcoins now.
Please see why I use bitcoins every time instead of Bitcoin 🙂
Bitcoin is still an investment medium or a speculative asset that we are using right now and there are no signs that it will soon become a real currency like fiat does.
In my opinion, bitcoin is still far from maturity to become a currency. The very volatile bitcoin price is very risky to bring down the economy. I think that a good currency is a stable currency. But it does not rule out the possibility that someday bitcoin will become more stable and last several years. If bitcoin is more stable then bitcoin is very easily trusted to be the real currency. This makes bitcoin more easily recognized legally.
I will echo most everyone's opinion, I don't think Bitcoin matured enough but at the same Bitcoin is just 10 years old. Too young for what it's supposed to change in a worldwide economy.
Though we have multiple ways to buy, to pay, to store our bitcoins there are not a lot of people effectively using it as a currency (even among the crypto community).
Perhaps in 10 or 15 years, the thing will be different
Though we have multiple ways to buy, to pay, to store our bitcoins there are not a lot of people effectively using it as a currency (even among the crypto community).
Perhaps in 10 or 15 years, the thing will be different
I don't think, but I believe Bitcoin matured as a currency. It's true there was volatility on end of 2017, but it doesn't prove that Bitcoin is not a matured currency. We can see now, its stable during more than six months. World's forwarding to digitalization and obviously digital crypto-currency is the part of digital revolution. At this point Bitcoin is enough matured in my opinions. Never mind occasional volatility, sometimes it might happen. Once a day Bitcoin will rule on currency world, not only crypto world
Bitcoin's use as a currency didn't expand a lot in the last few years. People were euphoric about cryptocurrency prospects in 2015 but we are still where we were back then (by and large). And don't let yourself be fooled by allegedly "stable" prices because they are as stable as folks lying in the graves in the churchyard (read, there is nothing particularly good in this "stability")
There is neither sufficient supply nor demand to move the market in either direction which can be easily seen by the declining trading volumes. Definitely not something which you would expect from real growth or adoption. And technically, in the last 6 months Bitcoin crashed almost 2 times - from over 6k in November 2018 to below 4k now (actually within just 4 months)
I'm not sure if that can be counted as stable prices at all
No, I don't think bitcoin has shed its reputation as a speculative asset, because it is still highly volatile. Investors are also having a relatively difficult time gauging its true value, thus leading to volatility. However, as an asset it is definitely maturing, with institutional investors and custodial services coming online. I also believe that bitcoin will eventually resolve its scaling issues. Over time, I thus expect the price of bitcoin to stabilize.
It's not mature yet, but it will. The fluctuations and the volatility is caused by the low liquidity of it. Bitcoin is not spread evenly yet, there are some people still has big amount of bitcoin which if they sell most of their bitcoin then the price will fall, but usually market will naturally achieve its stability. So don't worry to become long time holder.
For now, Bitcoin has not yet reached this stage, because there are still many crypto traders using it as their assets and people want Bitcoin as an investment rather than as a currency. Extreme volatility and stability make Bitcoin not wanted as a currency. However, some people use it as a transaction tool.
well, maybe even bitcoin is still far enough to be said to be the perfect currency, because the perfect currency is when the price doesn't go up and down. however, bitcoin has great instability, making it far from the matured currency. 
Bitcoin hasn't got matured to be used as a currency, but it has got the importance as a global currency. To be mature as a currency it is supposed to travel long, and this can be determined only after certain time period without which it is not at all possible to come up with a perfect solution on this.
You right, Bitcoin is still very young, there are still many problems that exist in Bitcoin. starting from fees, lack of acceptance, length of confirmation, and so forth. bitcoin hasn't matured into a currency yet, it takes a long process for it, but now bitcoin remains a global currency that worth to using
For now, Bitcoin has not yet reached this stage, because there are still many crypto traders using it as their assets and people want Bitcoin as an investment rather than as a currency. Extreme volatility and stability make Bitcoin not wanted as a currency. However, some people use it as a transaction tool.
Bitcoin is currently in the currency category in the digital, even though you say up, (In 2017/2018 with the sharp increase in the price to the ATH of $18 000+) to be a legitimate currency like one country's banknotes I think it's difficult at the moment. You know all countries already have their own currencies.
it is very difficult to be able to become a currency, some countries are not ready for that, because some obstacles still exist, one of which is the uneven spread of bitcoin in all regions, not yet ready for some countries to accept bitcoin as the currency and most importantly because each country has different conditions. so the biggest possibility is that bitcoin is only an alternative currency that can be an option for some countries that experience excessive inflation. 
As far as bitcoin is concern, it is not seen by most people as a currency. Regardless, it is still seen to be among the top used currencies in the world. The digital coin may not have matured as a currency due to its volatility, but it can still be regarded as a form of currency.
Officially, bitcoin has not yet become a currency, but in reality it has functioned as a currency in the community that agreed to accept bitcoin as a means of payment.As long as the government has not declared bitcoin as a currency, it cannot be an official payment tool between governments. But for 10 years after being created Bitcoin has increasingly found its identity, among others, as it is currently correcting prices to a fair nominal. I am sure, more countries will accept bitcoin for next year.
In terms bitcoin been mature as a currency I think yes, I know things are yet to be put in place but due Bitcoin strength during the government FUD I believed Bitcoin is mature enough.
One of the desirable characteristic of a currency is its relative stability over a given period of time. This is one of the most challenging argument against bitcoin's growth as a currency. Honestly, btc has not fared well in this regard.It has been more of an asset than it was as a currency.
Its not matured enough to be considered by the government to be a legal currency in the financing system now,bitcoins has a long way to go to achieve this kind of stuff.Having stability will be the best resolve for that for bitcoin to be considered to be implented as main currency
As a legal tender of exchange it hasn't gained importance. But technically it is matured to be used as a currency. There were more people who prefer it for cross border transactions which takes a lot time as well a big process with the banking system. This way it is good to eliminate the use of banks. When something does the work of a bank it can be mentioned as a currency. Its hard to Judge because bitcoins biggest drawback I feel is its stability in the market, It has the capability to go over the moon but if the drop happen it does down massively which is suppose to be a big jolt. bitcoin is decentralized and that's the reason a lot of countries are scared of.
So to fight with dump we will have to hold and be patience at the same time to deal with pump we will have to remain active and sell at high price, latter on we can invest again at low price, but don’t lose your hope as there are so many investors who are investing and using bitcoin as currency at time of need we can buy everything with it without any issue. 
Bitcoin hasn't got matured to be used as a currency, but it has got the importance as a global currency. To be mature as a currency it is supposed to travel long, and this can be determined only after certain time period without which it is not at all possible to come up with a perfect solution on this.
Yes, with lightning network, onion routing and amtrex symtex trees, all really is needed is mass transactions upwards of 800,000 a day scaled and with south Korea and other countries making it main electronic spending, the physical dollar days are numbered.
As far as bitcoin is concern, it is not seen by most people as a currency. Regardless, it is still seen to be among the top used currencies in the world. The digital coin may not have matured as a currency due to its volatility, but it can still be regarded as a form of currency.
Officially, bitcoin has not yet become a currency, but in reality it has functioned as a currency in the community that agreed to accept bitcoin as a means of payment.As long as the government has not declared bitcoin as a currency, it cannot be an official payment tool between governments. But for 10 years after being created Bitcoin has increasingly found its identity, among others, as it is currently correcting prices to a fair nominal. I am sure, more countries will accept bitcoin for next year.
As far as bitcoin is concern, it is not seen by most people as a currency. Regardless, it is still seen to be among the top used currencies in the world. The digital coin may not have matured as a currency due to its volatility, but it can still be regarded as a form of currency.
- Indeed, although bitcoin is not used frequently in everyday transactions, when standing at a certain angle, from the position of bitcoin holders and users, we can consider bitcoin as an online currency, we can use it to buy necessary items as long as the seller accepts it. However, I believe everyone knows this is not a key role of bitcoin, Bitcoin's role is a place for speculation and investment, and when bitcoin gradually matures over time, people will never consider it as currency, they understand that this review will make bitcoin fade and no longer appealing Even through a lot of people still have this image of Bitcoin being a scam and only used on drugs and other illegal activities, i feel like the "respect" is growing.
Financing sectors have shifted from fighting crypto to adopting blockchain. ^
Financing sectors have shifted from fighting crypto to adopting blockchain. ^
I think the image is changing.
It has shown its value in states of emergency like Venezuela, trading volumes are still growing, blockchain startups are still booming.
All of this is supporting bitcoins maturity. The road ahead seems promising.
All of this is supporting bitcoins maturity. The road ahead seems promising.
Venezuela case truly brings out how good bitcoin is, in leveraging economic disasters. Venezuela volumes are growing and they even used bitcoin in order to survived because their currency has no value at all. So yes, its pretty promising road ahead of crypto enthusiast globally.
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