Topic: Is Bitcoin Worth To Be Currency? (Read 15695 times)
Yes, Bitcoin volatility is its advantage and disadvantage at the same time. Bitcoin may well be a currency and means of payment, however, under certain conditions. In some countries, they already use electronic or physical bank cards, in which you can pay with Bitcoins at the exchange rate at the time of the transaction, but payments are made in actual local currency. In my opinion, this perfectly solves the problem of bitcoin volatility and there are no problems, especially for the seller of goods or services.
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If we look at bitcoin volatility in recent years is very high,
Volatility only exists because we still compare the price to fiat. And not with other products. When Bitcoin become more used around the world, the price will not jump like this. We are just seeing the speculation price because nobody has any idea what is the right price. But I do not think Bitcoin will ever be a universal currency that will dominate every market. But BTC could become a currency accepted everywhere as a second currency. It will be easy to tourist around the world using Bitcoin as a reference.
Short answer: No
Long answer: Yes
To be able to adapt bitcoin as our standard currency, countries from all over the world must adapt to this kind of change including countries among the developed, developing, and underdeveloped stage. Due to discrepancies among the financial status of each country, others do not have access to basic needs. If that were the case, access to this kind of technology seems far from materializing.
In the long run where each country slowly adapts to change, they would inevitably reform and change their payment structure to a digitalized form- which would make bitcoin possible as a standard currency. But for the time being, I do not see it from happening anytime soon.
Long answer: Yes
To be able to adapt bitcoin as our standard currency, countries from all over the world must adapt to this kind of change including countries among the developed, developing, and underdeveloped stage. Due to discrepancies among the financial status of each country, others do not have access to basic needs. If that were the case, access to this kind of technology seems far from materializing.
In the long run where each country slowly adapts to change, they would inevitably reform and change their payment structure to a digitalized form- which would make bitcoin possible as a standard currency. But for the time being, I do not see it from happening anytime soon.
Bitcoin cannot be a currency in one country because it will be involved with the government that will have pros and cons in it, if bitcoin becomes the world currency it will be more appropriate, because all countries use bitcoin and can be used as fiat substitutes as alternative payment transactions in the country they, and that also depends on the country where they live because not all countries are the same.
Sure, it is our treading currency and It will replace fiat currency one day
I really don't think it should be considered a currency that can be paid in every means of service. In my opinion, the condition for being able to pay for all services, is that there is stability, supply is large enough to serve many people.But Bitcoin really can't do these two things. Whales and sharks always make its price rise and fall on a quarterly basis and it will not make users feel secure when keeping BTC in their wallet.
Besides, supply is also limited. It should only be an asset to invest.
I actually disagree if bitcoin is said to be money because the nature of bitcoin itself is very different from money. precisely the existence of bitcoin makes it a good investment instrument for us to buy
it is true that for now it is said to be inappropriate because in my country it is still prohibited for crypto currency transactions but over time and technology, of course crypto currencies will be needed of course 
For me, it is worth to be a currency. Of course it is not like the paper money where everyone can use it. It is a currency for people who are using crypto on online transactions such as bills payment and shopping. The only difference is the function on how it will go on the market.
for now I don't think it is feasible as a currency because in my opinion the government in my country the government still prohibits crypto currency for transactions directly but as the development of the era and technology will become the required currency
No, BTC is not forever a currency. For me, it's just a payment tool. People are misunderstanding the word "coin" and always think that it can become a means of paying them.
yes, it is currently being paid on some services. but it is still just a money transfer tool because when trading, Bitcoin miners will perform algorithms to process blocks and transfer that BTC number to another address. Every activity comes from Bitcoin's blockchain.
yes, it is currently being paid on some services. but it is still just a money transfer tool because when trading, Bitcoin miners will perform algorithms to process blocks and transfer that BTC number to another address. Every activity comes from Bitcoin's blockchain.
When it comes to' worth to be a Currency' 
It totally is, with this new integrated lightning system the payments takes 2 seconds , once we also used gold and stuff as a Currency , well guess what ? I think Bitcoin is the new digital gold , I strongly believe that in the long term graph it is going to increase and increasing for sure.
A currency does need stability and government recognition, unfortunately in both of things Bitcoin lacks some points but that doesn't actually mean that it cannot be used .
Even right now it is being used for buying many items .
But personally I don't think that I would use it as a Currency because I know the growth chart , a coffee that is of 10$ today brought with Bitcoin can easily surpass 100$ one day.
So am gonna keep them !
It totally is, with this new integrated lightning system the payments takes 2 seconds , once we also used gold and stuff as a Currency , well guess what ? I think Bitcoin is the new digital gold , I strongly believe that in the long term graph it is going to increase and increasing for sure.
A currency does need stability and government recognition, unfortunately in both of things Bitcoin lacks some points but that doesn't actually mean that it cannot be used .
Even right now it is being used for buying many items .
But personally I don't think that I would use it as a Currency because I know the growth chart , a coffee that is of 10$ today brought with Bitcoin can easily surpass 100$ one day.
So am gonna keep them !
Bitcoin is indeed a currency now and indeed the main purpose of the creation of bitcoin is to become a currency but this bitcoin is not accepted or recognized by some countries and governments as a currency for certain reasons that make people unable to use bitcoin for exchange
some people believe that the development of bitcoin is enough to make people shocked. because the development of bitcoin is quite high. therefore many hope that bitcoin will become a fiat currency in the world. but in reality it was quite different. because indeed until now many countries that do not approve bitcoin are circulating widely.
Well for me, bitcoin is worth to be a currency but bitcoin or most of the cryptocurrency always getting the huge problem of acceptance. Yes, there are numerous company, store, etc. that accept bitcoin as a payment or a currency but they're some countries that won't allow it to some reasons. Also, bitcoins price is not stable, so it will be difficult for some company to make bitcoin a real currency. 
Globally there is a requirement to have a currency that can unity the world, a neutral currency not used by any country, Bitcoin is the currency that has the solution to global currency requirement, Bitcoin is worth been a currency as it can be access globally.
we never know what the state of bitcoin will be next year. because the country is unpredictable. so whatever rules will be set by the government, of course we must agree. moreover if the government regulation about making bitcoin as a fiat currency, then of course there will be many people who approve it.
Now with the IBM partnership will MPCX release the platform earlier?
Globally there is a requirement to have a currency that can unity the world, a neutral currency not used by any country, Bitcoin is the currency that has the solution to global currency requirement, Bitcoin is worth been a currency as it can be access globally.
We still using bitcoins as mode of payment even it has characteristics of being volatile. We know that it is really convenience to use bitcoin because it is more faster and better than the traditional payment system.
Yup, you’re free to make use of Bitcoin as long as it is allowed in your country. I don’t even think people should be stopped from making their choices, though there are some reasons as to why the government does not really like cryptocurrency (there are some that do like it though). As for being fast, I believe that when it comes to doing local transactions, Bitcoin is not the fastest. I’d rather use my bank mobile app to do transaction locally than using Bitcoin. I only think of using Bitcoin when I’m doing transaction for someone who is not in the same country. I actually disagree if bitcoin is said to be money because the nature of bitcoin itself is very different from money. precisely the existence of bitcoin makes it a good investment instrument for us to buy
but from its inception, bitcoin was intended as a transaction tool, which has the same nature as money. but because the price is going up, many are investing in it, like 2017, where BTC is getting more famousWell may people don't yet see it that way because it's extremely volatile and you can't use something like that for stable transactions. That's why it's more of an investment at this point even though it was meant to be used. It will come eventually when this volatility settles down a bit though that may be a long time from now.
In terms of payment bitcoin was good only for online transaction not for offline transaction. Just like doing trade in the market, since the volatility is the main point of why many of the communities got profit in it. Perhaps, if bitcoin is not volatile also other crypto for sure it won't stand for 1 decade.
I have seen a lot of people say that they want cryptocurrency (Bitcoin) to be their currency, and my question is – why do they want Bitcoin as their currency ?
The worst part of it is that they never give any good reason as to why they want it, all the reasons they give are just stupid reasons. Some of them are saying because their government is stealing from them and they also want to be anonymous…. That’s not a good reason, and Bitcoin can’t be a currency, because it wasn’t meant to be so.
The worst part of it is that they never give any good reason as to why they want it, all the reasons they give are just stupid reasons. Some of them are saying because their government is stealing from them and they also want to be anonymous…. That’s not a good reason, and Bitcoin can’t be a currency, because it wasn’t meant to be so.
I actually disagree if bitcoin is said to be money because the nature of bitcoin itself is very different from money. precisely the existence of bitcoin makes it a good investment instrument for us to buy
but from its inception, bitcoin was intended as a transaction tool, which has the same nature as money. but because the price is going up, many are investing in it, like 2017, where BTC is getting more famousI actually disagree if bitcoin is said to be money because the nature of bitcoin itself is very different from money. precisely the existence of bitcoin makes it a good investment instrument for us to buy
but from its inception, bitcoin was intended as a transaction tool, which has the same nature as money. but because the price is going up, many are investing in it, like 2017, where BTC is getting more famous Jump to: