Bitcoin has passed a long time in this field. So i believe without showing maturity bitcoin wouldn't stay a long time with so many success. So i definitely feel bitcoin is a mature currency which is using by millions of people.
Of course, Bitcoin was created as a currency and it has got all it takes to act as a currency. Bitcoin possesses features which revolutionize payment systems and have more benefits than the paper money. All that is required now is the mass adoption of Bitcoin where both big and small stores, companies, institutions etc will integrate it into their payment systems. 
Topic: Do you think Bitcoin matured as a currency? - page 4. (Read 1613 times)
In 2017/2018 with the sharp increase in the price to the ATH of $18 000+, people were saying that Bitcoin can never be a currency with that kind of fluctuation and volatility in the price.
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.
Would you say that Bitcoin has shed it's speculator skin and emerged as a true currency, after this correction? I think with most of the speculators left the Bitcoin scene in the last year or so and Bitcoin has truly transformed into a community of people who are more interested in the technology and using the technology as a currency. 
Let's discuss, because I am very curious in what you opinions are about this.
in my opinion bitcoin is still not a matured currency and for me its still have long way before it become oneIn 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.
Would you say that Bitcoin has shed it's speculator skin and emerged as a true currency, after this correction? I think with most of the speculators left the Bitcoin scene in the last year or so and Bitcoin has truly transformed into a community of people who are more interested in the technology and using the technology as a currency.
Let's discuss, because I am very curious in what you opinions are about this.
the price can rise or fall at any moment because there still now much using it
im not saying that only few people trading bitcoin but even we are million it still not enough to make the price stable
bitcoin has not been able to address the base currency category, because of various things that cannot be fulfilled, one of which is the use of bitcoin in need of a good internet connection and secondly it requires advanced technology in its use, it is still an obstacle for most countries in the world especially poor countries market that is still traditional. so to be able to be used in all countries it still takes a long time. but now bitcoin can be used as an alternative currency to support the base currency.
I think bitcoin is already matured in cryptocurrency as currency. But it will not time to bitcoin to rest or to die because we still need bitcoin to pump more coins which is altcoins because if we do that we can have more profit. But incase bitcoin will die we still in our heart and they will be history and thankful because they gives us first opportunity to earn more money and I hope the next bitcoin will be like bitcoin or more better and gives more opportunity to us too.
Bitcoin has passed a long time in this field. So i believe without showing maturity bitcoin wouldn't stay a long time with so many success. So i definitely feel bitcoin is a mature currency which is using by millions of people.
Maybe it used by millions of people (hopefully) even still not used as currency by even in few hundreds so definitely we are not seeing bitcoin as a currency yet and in the time from of our economy the bitcoin was created very recently just before 10 years. 
Lot of people complaining that bitcoin cannot be used as a real currency due to its instable value so the current status of bitcoin will last util the bitcoin settle for some value for years.
Bitcoin has passed a long time in this field. So i believe without showing maturity bitcoin wouldn't stay a long time with so many success. So i definitely feel bitcoin is a mature currency which is using by millions of people.
It being a decade and really it is along time withstanding so many highs and low has definitely make it a seasoned coin. Also it is a market leader which is leading form the front. Whatever be the case it will always bounce back in coming time.
Bitcoin has passed a long time in this field. So i believe without showing maturity bitcoin wouldn't stay a long time with so many success. So i definitely feel bitcoin is a mature currency which is using by millions of people.
Maybe it used by millions of people (hopefully) even still not used as currency by even in few hundreds so definitely we are not seeing bitcoin as a currency yet and in the time from of our economy the bitcoin was created very recently just before 10 years. Lot of people complaining that bitcoin cannot be used as a real currency due to its instable value so the current status of bitcoin will last util the bitcoin settle for some value for years.
Bitcoin has passed a long time in this field. So i believe without showing maturity bitcoin wouldn't stay a long time with so many success. So i definitely feel bitcoin is a mature currency which is using by millions of people.
This won't occur at any point in the near future. Bitcoin is very unstable at this moment and its costs have been declining since the beginning February a year ago. It should be steady first and afterward individuals can look further. In spite of the fact that individuals like bitcoin as a result of its decentralized nature, yet I don't assume this can ever transform into fiat money for such a large number of reasons.
Nobody realizes who handle bitcoin and there are no legislatures or banks included. So each and everyone can contribute here and make exchanges straightforwardly yet it is too soon to feel that as money.
Bitcoin has passed a long time in this field. So i believe without showing maturity bitcoin wouldn't stay a long time with so many success. So i definitely feel bitcoin is a mature currency which is using by millions of people.
I can't say that bitcoin is the currency for now. because there are still some disadvantages compared to fiat money. but that does not rule out the possibility in the next few years, that bitcoin will become a currency. after the value is very stable. because for now there are still many people who prefer to use bitcoin as a trade or investment.
Of course it still takes longer for bitcoin to become the official digital currency for many countries. For developed countries, the acceptance of the people is ready and the government also provides infrastructure such as a very decent internet network.But in other parts there are still many countries that have problems with poverty and ignorance, so that bitcoin cannot be implemented because the people and their government are still thinking of ways to improve welfare and education.
I can't say that bitcoin is the currency for now. because there are still some disadvantages compared to fiat money. but that does not rule out the possibility in the next few years, that bitcoin will become a currency. after the value is very stable. because for now there are still many people who prefer to use bitcoin as a trade or investment.
Of course it still takes longer for bitcoin to become the official digital currency for many countries. For developed countries, the acceptance of the people is ready and the government also provides infrastructure such as a very decent internet network.But in other parts there are still many countries that have problems with poverty and ignorance, so that bitcoin cannot be implemented because the people and their government are still thinking of ways to improve welfare and education.
The currency must be stable. Unlike Bitcoin which is very far from a stable word its fluctuating value will be very unlikely to be considered as currency like a fiat currency.
In 2017/2018 with the sharp increase in the price to the ATH of $18 000+, people were saying that Bitcoin can never be a currency with that kind of fluctuation and volatility in the price.
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.
Would you say that Bitcoin has shed it's speculator skin and emerged as a true currency, after this correction? I think with most of the speculators left the Bitcoin scene in the last year or so and Bitcoin has truly transformed into a community of people who are more interested in the technology and using the technology as a currency.
Let's discuss, because I am very curious in what you opinions are about this.
the cryptography of the blockchain technology has never been heard of to be faulty in anyway and the challenges arising in the technological space has never been pointed to as a fault from the design of the blockchain, that is to tell you that the bitcoin is very matured enough to handle the capacity of transaction and its application indifferent section of spheresIn 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.
Would you say that Bitcoin has shed it's speculator skin and emerged as a true currency, after this correction? I think with most of the speculators left the Bitcoin scene in the last year or so and Bitcoin has truly transformed into a community of people who are more interested in the technology and using the technology as a currency.
Let's discuss, because I am very curious in what you opinions are about this.
Bitcoin has such a large number of potential characteristics as a cash however frequently value variances and absence of appropriation has turned into a major issue to maintain a strategic distance from it utilizing as a money and numerous individuals who are utilizing bitcoin's are utilizing as an exchanging item yet not as a money to make installments and that is one truth why still it has not to keep on developing as a money to do online exchanges yet on the off chance that these certainties change later on bitcoin can be effectively accomplishment as a cash
My opinion is very naive, even amateurish about such things. But I'll still write about it. For me, currency is any item for which you can buy/sell another item/service. Bitcoin definitely falls under this description. Now there is a huge number of opportunities to buy goods/services/other cryptocurrencies for Bitcoins. So why can't Bitcoin be a currency?Let the government does not recognize Bitcoin, but it does not recognize the currencies of other countries in the government-controlled territory. You won't be able to buy anything in the US for the Euro, but everyone recognizes the Euro as a currency.
Recent forks of its blockchain addressed many of drawbacks BTC had, including high blockchain fees and slow transactions. But can we say that it matured as a currency? Not yet. The volatility is not gone anywhere so far.
As well its reputation as a "digital gold" is a double-edged sword. Bitcoin is still regarded in general as a form of investment, not payment.
What could help BTC in maturing as a currency? For sure trading volume to rise significantly, global-scale regulatory framework (like SWIFT standards for international transfers of money by banking institutions).
As well its reputation as a "digital gold" is a double-edged sword. Bitcoin is still regarded in general as a form of investment, not payment.
What could help BTC in maturing as a currency? For sure trading volume to rise significantly, global-scale regulatory framework (like SWIFT standards for international transfers of money by banking institutions).
I can't say that bitcoin is the currency for now. because there are still some disadvantages compared to fiat money. but that does not rule out the possibility in the next few years, that bitcoin will become a currency. after the value is very stable. because for now there are still many people who prefer to use bitcoin as a trade or investment.
It is even hard to say bitcoin is currency
There is still very low bitcoin usage and bitcoin is accepted like a payment method by not so many merchants
Bitcoin fee is problem very little knowledge about bitcoin and not clear tax legislation in many countries
Bakkt release can change it.That time bitcoin has chance to be accepted by merchants globally
There is still very low bitcoin usage and bitcoin is accepted like a payment method by not so many merchants
Bitcoin fee is problem very little knowledge about bitcoin and not clear tax legislation in many countries
Bakkt release can change it.That time bitcoin has chance to be accepted by merchants globally
It looks like a means of payment or medium of exchange (which is essentially the same thing) is not the only area of application that a currency can be used in. We should not dismiss Bitcoin's use as a vehicle for value transfer as Bitcoin is not only a currency (which many question) but also a payment system in its own right (which no one doubts), i.e. it can be used for moving wealth around, not just for payment
How much Bitcoin is actually used in this area remains to be seen, though
In 2017/2018 with the sharp increase in the price to the ATH of $18 000+, people were saying that Bitcoin can never be a currency with that kind of fluctuation and volatility in the price.
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.
Would you say that Bitcoin has shed it's speculator skin and emerged as a true currency, after this correction? I think with most of the speculators left the Bitcoin scene in the last year or so and Bitcoin has truly transformed into a community of people who are more interested in the technology and using the technology as a currency.
Let's discuss, because I am very curious in what you opinions are about this.
the cryptography of the blockchain technology has never been heard of to be faulty in anyway and the challenges arising in the technological space has never been pointed to as a fault from the design of the blockchain, that is to tell you that the bitcoin is very matured enough to handle the capacity of transaction and its application indifferent section of spheres 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.
Would you say that Bitcoin has shed it's speculator skin and emerged as a true currency, after this correction? I think with most of the speculators left the Bitcoin scene in the last year or so and Bitcoin has truly transformed into a community of people who are more interested in the technology and using the technology as a currency.
Let's discuss, because I am very curious in what you opinions are about this.
It is even hard to say bitcoin is currency
There is still very low bitcoin usage and bitcoin is accepted like a payment method by not so many merchants
Bitcoin fee is problem very little knowledge about bitcoin and not clear tax legislation in many countries
Bakkt release can change it.That time bitcoin has chance to be accepted by merchants globally
There is still very low bitcoin usage and bitcoin is accepted like a payment method by not so many merchants
Bitcoin fee is problem very little knowledge about bitcoin and not clear tax legislation in many countries
Bakkt release can change it.That time bitcoin has chance to be accepted by merchants globally
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