Good, for people who do like Bitcoin and he has a lot of money and is not good for people who have no money to buy bitcoins 
. Bitcoin is an asset or can also be a saving and I am very happy to play, invest, trade Bitcoin and Altcoins 
Topic: Why Bitcoin is not that good as currency? - page 5. (Read 2222 times)
Good, for people who do like Bitcoin and he has a lot of money and is not good for people who have no money to buy bitcoins . Bitcoin is an asset or can also be a saving and I am very happy to play, invest, trade Bitcoin and Altcoins It looks like more and more outlets are accepting bitcoin:
https://cointelegraph.com/news/where-to-spend-bitcoin-a-global-overview-from-ljubljana-to-zurich
The problem is, unless bitcoiners actually use bitcoin to spend in these places, they'll just disable the payment function.
It's very much use it or lose it - but this community is more focused on speculation than on making it profitable for retailers to accept payment with bitcoin.
There are only have available using bitcoin for trading and investing, for currency if have available and support with many country can use bitcoin as currency I will use bitcoin, there are many country not allowed using bitcoin as transaction payment because less get support with store for adopting bitcoin as transaction payment, they only need bitcoin as trading and investing assets.https://cointelegraph.com/news/where-to-spend-bitcoin-a-global-overview-from-ljubljana-to-zurich
Quote
As of late October 2019, 15,558 business venues worldwide were accepting Bitcoin (BTC) as a method of payment, up 18% from a year earlier, according to Coinmap.org.
The problem is, unless bitcoiners actually use bitcoin to spend in these places, they'll just disable the payment function.
It's very much use it or lose it - but this community is more focused on speculation than on making it profitable for retailers to accept payment with bitcoin.
legendary
Activity: 2716
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
Countries that have regulated bitcoin too has added it to the taxable assets like gold. This means it hasn't given the importance as a currency same as that we use physically. Considering the value it has been getting used as a currency, this is just the beginning. In less than ten years of time getting such a level of acceptance in the global market will make it used as currency in the falling years.
Nothing happens within days especially any kind of revolution is first resisted and then gradually accepted by people. Bitcoin is also a digital revolution in the world of currencies. It is great achievement for crypto market to have bitcoin legalized in states. If it is treated even as gold in the beginning, with the passage of time people will start using it for buying and purchasing ultimately giving it currency value. Please read this article in Forbes. it is very clear why bitcoin is not suitable as a currency. Prices are volatile. Limited amount. Supervision that cannot be done. This system works without an institution such as a central bank that controls the circulation of money. in my opinion bitcoin is not suitable as a money in any country. will later become bubble
https://www.forbes.com/sites/jeffreydorfman/2017/05/17/bitcoin-is-an-asset-not-a-currency/#5f3e25ae2e5b
We do not really need to read the article, we already know what they are going to say, those people are just describing how the current system works and only point out the differences between bitcoin and fiat, if what that article was saying was true, then how it was possible for governments to run their economies using precious metals for thousands of years?https://www.forbes.com/sites/jeffreydorfman/2017/05/17/bitcoin-is-an-asset-not-a-currency/#5f3e25ae2e5b
After all gold and silver are limited by nature just as bitcoin, and anyone could mint their own coin and no one cared as long as it was made of gold and they could calculate its weight accurately so no central supervision was needed, and despite their volatility in fiat one oz of gold remains one oz of gold.
Please read this article in Forbes. it is very clear why bitcoin is not suitable as a currency. Prices are volatile. Limited amount. Supervision that cannot be done. This system works without an institution such as a central bank that controls the circulation of money. in my opinion bitcoin is not suitable as a money in any country. will later become bubble
https://www.forbes.com/sites/jeffreydorfman/2017/05/17/bitcoin-is-an-asset-not-a-currency/#5f3e25ae2e5b
Except for the USDT token (because of its stability) which other token looks more suitable as currency? unfortunately, USDT not that engaged as currency as its supposed to. https://www.forbes.com/sites/jeffreydorfman/2017/05/17/bitcoin-is-an-asset-not-a-currency/#5f3e25ae2e5b
Countries that have regulated bitcoin too has added it to the taxable assets like gold. This means it hasn't given the importance as a currency same as that we use physically. Considering the value it has been getting used as a currency, this is just the beginning. In less than ten years of time getting such a level of acceptance in the global market will make it used as currency in the falling years.
Nothing happens within days especially any kind of revolution is first resisted and then gradually accepted by people. Bitcoin is also a digital revolution in the world of currencies. It is great achievement for crypto market to have bitcoin legalized in states. If it is treated even as gold in the beginning, with the passage of time people will start using it for buying and purchasing ultimately giving it currency value. Good, for people who do like Bitcoin and he has a lot of money and is not good for people who have no money to buy bitcoins . Bitcoin is an asset or can also be a saving and I am very happy to play, invest, trade Bitcoin and Altcoins It is really bad for someone to invest in something and they can't afford it. That would really bring them down but for me, the bad thing about bitcoin is that it is a decentralized crypto currency. Despite the big pumps and big profits, they are getting. Even if it faster to transact than other currencies, it will still be decentralized and that means it would never be a currency.
But you can buy even not totally one bitcoin so how you can't afford it? If you have a job you can save all your money on bitcoin but before that, you need to know about the bitcoin before investing on it so you fully understand why it is good to invest in bitcoin.
Please read this article in Forbes. it is very clear why bitcoin is not suitable as a currency. Prices are volatile. Limited amount. Supervision that cannot be done. This system works without an institution such as a central bank that controls the circulation of money. in my opinion bitcoin is not suitable as a money in any country. will later become bubble
https://www.forbes.com/sites/jeffreydorfman/2017/05/17/bitcoin-is-an-asset-not-a-currency/#5f3e25ae2e5b
https://www.forbes.com/sites/jeffreydorfman/2017/05/17/bitcoin-is-an-asset-not-a-currency/#5f3e25ae2e5b
Good, for people who do like Bitcoin and he has a lot of money and is not good for people who have no money to buy bitcoins . Bitcoin is an asset or can also be a saving and I am very happy to play, invest, trade Bitcoin and Altcoins It is really bad for someone to invest in something and they can't afford it. That would really bring them down but for me, the bad thing about bitcoin is that it is a decentralized crypto currency. Despite the big pumps and big profits, they are getting. Even if it faster to transact than other currencies, it will still be decentralized and that means it would never be a currency.
It looks like more and more outlets are accepting bitcoin:
https://cointelegraph.com/news/where-to-spend-bitcoin-a-global-overview-from-ljubljana-to-zurich
The problem is, unless bitcoiners actually use bitcoin to spend in these places, they'll just disable the payment function.
It's very much use it or lose it - but this community is more focused on speculation than on making it profitable for retailers to accept payment with bitcoin.
There are only have available using bitcoin for trading and investing, for currency if have available and support with many country can use bitcoin as currency I will use bitcoin, there are many country not allowed using bitcoin as transaction payment because less get support with store for adopting bitcoin as transaction payment, they only need bitcoin as trading and investing assets.https://cointelegraph.com/news/where-to-spend-bitcoin-a-global-overview-from-ljubljana-to-zurich
Quote
As of late October 2019, 15,558 business venues worldwide were accepting Bitcoin (BTC) as a method of payment, up 18% from a year earlier, according to Coinmap.org.
The problem is, unless bitcoiners actually use bitcoin to spend in these places, they'll just disable the payment function.
It's very much use it or lose it - but this community is more focused on speculation than on making it profitable for retailers to accept payment with bitcoin.
Good, for people who do like Bitcoin and he has a lot of money and is not good for people who have no money to buy bitcoins . Bitcoin is an asset or can also be a saving and I am very happy to play, invest, trade Bitcoin and Altcoins 
Bitcoin is not a valid currency because bitcoin was created not to be a physical buying and selling tool, whereas our real life is the life in which we transact in real terms like for example: we buy shoes with legitimate money / currency. We live in the real world not digital nature hhehehehe. And why is bitcoin not good as a currency because of the price of bitcoin itself can be said to be unstable, where the nominal value of 1 can change every second. While for example the dollar, it is clear the count.
Please go educate yourself more! You don`t know anything about what bitcoin is and what it stands for. Even less you know about what is 'legitimate money'! I don`t know why you spend time here earning Bitcoin advertising crypto exchange when for you dollar is a clear count!
I need to say that I didn`t saw a crazier comment in recent times, and you are a senior member? You probably bought that account!
Countries that have regulated bitcoin too has added it to the taxable assets like gold. This means it hasn't given the importance as a currency same as that we use physically. Considering the value it has been getting used as a currency, this is just the beginning. In less than ten years of time getting such a level of acceptance in the global market will make it used as currency in the falling years.
Bitcoin is not a valid currency because bitcoin was created not to be a physical buying and selling tool, whereas our real life is the life in which we transact in real terms like for example: we buy shoes with legitimate money / currency. We live in the real world not digital nature hhehehehe. And why is bitcoin not good as a currency because of the price of bitcoin itself can be said to be unstable, where the nominal value of 1 can change every second. While for example the dollar, it is clear the count.
This picture is showing how funny can be crypto maximalists. One bitcoin is not growing like this and this is very volatile for real world use.
Speculation is the main use case
For people who are not doing anything in life bitcoin might not be that useful and that may be the case with you but if you are a trader or a merchant bitcoin is the most important invention than the rest of the payments methods that are available. Speculation in the market is just one aspect of the market and if it is just used for speculation then it will not grow like this Speculation is the main use case
. 
Of course it does not make any sense to say that Bitcoin is not a currency when we know people are buying and selling goods with bitcoin payments same as they do with the fiat currency
Whenever we say we're buying Bitcoin, it sounds like it's an asset/investment; whenever we say we're exchanging Bitcoin to fiat currency makes it sound like Gold; and whenever we use Bitcoin by means of payment makes it a currency. That's probably the closest comparison I can say about Bitcoin.
But then again, the main reason behind attracting people is the benefits or profits it can return over time, not the daily commerce. At present, it is best to be considered as an investment.
But I can still say that Bitcoin is very dangerous. Yes, I will not deny the fact that it yields a lot of profit when invested/managed right, but then again with its volatility newcomers usually panic and would buy or sell at the wrong time. That said, I would argue that it is the "best" as a means of investment. Because you can still invest in stock markets, real estate, banks, etc. and would still have a lot of profits, and its safer. But in Bitcoin, you have to consider a lot of things, on top of that you have to expect the worse. Disclaimer, I'm not discouraging anyone, this is real talk right here--a reminder if you will.
It looks like more and more outlets are accepting bitcoin:
https://cointelegraph.com/news/where-to-spend-bitcoin-a-global-overview-from-ljubljana-to-zurich
The problem is, unless bitcoiners actually use bitcoin to spend in these places, they'll just disable the payment function.
It's very much use it or lose it - but this community is more focused on speculation than on making it profitable for retailers to accept payment with bitcoin.
There are only have available using bitcoin for trading and investing, for currency if have available and support with many country can use bitcoin as currency I will use bitcoin, there are many country not allowed using bitcoin as transaction payment because less get support with store for adopting bitcoin as transaction payment, they only need bitcoin as trading and investing assets. https://cointelegraph.com/news/where-to-spend-bitcoin-a-global-overview-from-ljubljana-to-zurich
Quote
As of late October 2019, 15,558 business venues worldwide were accepting Bitcoin (BTC) as a method of payment, up 18% from a year earlier, according to Coinmap.org.
The problem is, unless bitcoiners actually use bitcoin to spend in these places, they'll just disable the payment function.
It's very much use it or lose it - but this community is more focused on speculation than on making it profitable for retailers to accept payment with bitcoin.
This picture is showing how funny can be crypto maximalists. One bitcoin is not growing like this and this is very volatile for real world use.
Speculation is the main use case
Speculation is the main use case
This is clearly not a maximalist point of view. This is a prediction, as well as a comparison. If you look thoroughly, as time goes on, fiat money is starting to decrease its value (cause of inflation), goods and services are getting more and more expensive. While Bitcoin doesn't give a crap, why(?) easy(!) because it's decentralized it has nothing to do with our so-called "economy", and guess what it's volatile. It is an independent currency (asset, if you will) that even the price can only be affected internally and does not have any correlation to goods or services.
I think being volatile and decentralized is its strong suit.
it is still best to use our traditional currency because they cost less in overall process.
For now at least. Bitcoin is not really being treated as a fairly usable currency, most of the users treat it more than that. That's why I guess when it comes to its usability it doesn't really live up to its expectations, but I'm sure we're currently on the way there.
Well, I believe finite supply is like a stamp collection. It's "collectors item" in terms of economics. It will lose its fungibility in time and people will want to have bitcoin because of its rarity. It's perfect for store of value, but it cannot be used currency of modern world just because of "right of economics". You know that guy who is a stamp collector and burnt his one of high priced stamp, and consequently second one's price went to the roof.
Monero can be a currency of an utopic world. However, we are not living in an utopic world. It won't be used except privacy enthusiasts, criminals, some wannabes and Linux cowboys in the future, I'm afraid.
I couldn't have said any better, the decentralized concept used by bitcoin actually should be a problem solver on the current economic struggle, but those stubborn world leaders can never let this inventions used widely anytime soon.Monero can be a currency of an utopic world. However, we are not living in an utopic world. It won't be used except privacy enthusiasts, criminals, some wannabes and Linux cowboys in the future, I'm afraid.
It takes really long long time for bitcoin to be well received and recognized as a currency in the wide community.
The volatility still becomes a serious problem, where stable coins recently offering to solve this matters, many crypto stakeholders can't believe in such concept would work . So the only way to make bitcoin considered as good enough as a currency is just waiting a little longer till the time where people can accept every single thing in bitcoin come.
Well, I believe finite supply is like a stamp collection. It's "collectors item" in terms of economics. It will lose its fungibility in time and people will want to have bitcoin because of its rarity. It's perfect for store of value, but it cannot be used currency of modern world just because of "right of economics". You know that guy who is a stamp collector and burnt his one of high priced stamp, and consequently second one's price went to the roof.
Monero can be a currency of an utopic world. However, we are not living in an utopic world. It won't be used except privacy enthusiasts, criminals, some wannabes and Linux cowboys in the future, I'm afraid.
Monero can be a currency of an utopic world. However, we are not living in an utopic world. It won't be used except privacy enthusiasts, criminals, some wannabes and Linux cowboys in the future, I'm afraid.
Jump to: