why I'm not believing in bitcoin as currency

sam2014

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Quote from: toresto on February 16, 2018, 06:53:46 AM

even with Lightning Network people holding their coins and not really using them.

so Crypto became trade market and not currency

if people not looking at bitcoin as currency in real life, we kinda losing the whole point of bitcoin here

I make use of crypto even as a currency, so don't say that

rainezerr401

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multikript888

newbie

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guys hello. tell who invests where? how do you earn money on crypto currency?

irinalevina456

newbie

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Do not be afraid to make an investment if you go for your money, then invest a small amount first.

toresto

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Quote from: bncbnc on March 02, 2018, 04:37:42 PM

Quote from: Walrus1 on March 02, 2018, 03:47:28 PM

Although it's grown we are still in the beginning stage of btc adoption. Yes, a lot of people think they will get rich but I still think btc is like any other new technology and will have many morphs along the way

In fact still there are such places where people still do not have any idea about bitcoin. I think in such i do not think that they will believe to invest their fiat for making money and they will even not believe on bitcoin as currency, but later on when they will comes to know about bitcoin and they they will see or come to know about in vesting their money there will start believing of online purposes.

people treating bitcoin only as assets to invest most of the time, and not even looking at a digital way to buy goods Cry

.

common let's buy some crypto and HODL and get rich.

I not hearing anymore no one talking how he bought ps4 with bitcoin, or paid for gas, or what do you think should I buy this plain ticket using bitcoin or Litecoin?

or anything like that, but I always hear:

"invest", "I bought bitcoin and hold it till it moon", "what do you think to sell?" "Ripple or Litecoin"

most of them not looking at the technology or the use but a pure DIgital asset to invest and to hold

I say let's change officially the name from cryptocurrency to cryptoassets and bury the word Currency away from Crypto for life.

ekaterinastrelnikova505

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Purchasing from the hands of forums devoted to bitcoins can find a large number of owners in the crypto currency in your city. It is important to carefully monitor the reputation of the seller and ask what services you can receive funds.

bncbnc

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Quote from: Walrus1 on March 02, 2018, 03:47:28 PM

Although it's grown we are still in the beginning stage of btc adoption. Yes, a lot of people think they will get rich but I still think btc is like any other new technology and will have many morphs along the way

In fact still there are such places where people still do not have any idea about bitcoin. I think in such i do not think that they will believe to invest their fiat for making money and they will even not believe on bitcoin as currency, but later on when they will comes to know about bitcoin and they they will see or come to know about in vesting their money there will start believing of online purposes.

Walrus1

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Activity: 182

Merit: 20

Although it's grown we are still in the beginning stage of btc adoption. Yes, a lot of people think they will get rich but I still think btc is like any other new technology and will have many morphs along the way

toresto

jr. member

Activity: 81

Merit: 6

Quote from: KesoNie on February 21, 2018, 01:15:37 AM

Quote from: toresto on February 18, 2018, 07:19:21 PM

Quote from: ?? on ??

I totally agree with OP.
I myself never view bitcoin or any crypto token as currency but that doesn't mean it can't be. It's just the time isn't right. It's too volatile to be use as daily life currency right now. Maybe things will get better after the price is more stabilize in the future, 20 years from now.

i really hope so :-)

We do have different interpretations about bitcoin, some are not believing bitcoin as a currency some are also looked at it as a currency but we have to respect each others opinions. Well for me, bitcoin is still not considered as a currency because the fact that we still have to exchange or convert it into fiat is the one reason that hinder bitcoin to be called as a currency.

yup I probably still living in 2012 when we accepted bitcoin as payment based on trust and believes
but your words a correct "we have to respect each other's opinions."

KesoNie

copper member

Activity: 672

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Quote from: toresto on February 18, 2018, 07:19:21 PM

Quote from: ?? on ??

I totally agree with OP.
I myself never view bitcoin or any crypto token as currency but that doesn't mean it can't be. It's just the time isn't right. It's too volatile to be use as daily life currency right now. Maybe things will get better after the price is more stabilize in the future, 20 years from now.

i really hope so :-)

We do have different interpretations about bitcoin, some are not believing bitcoin as a currency some are also looked at it as a currency but we have to respect each others opinions. Well for me, bitcoin is still not considered as a currency because the fact that we still have to exchange or convert it into fiat is the one reason that hinder bitcoin to be called as a currency.

toresto

jr. member

Activity: 81

Merit: 6

North American Bitcoin Conference (TNABC) will be hosted in downtown Miami at the James L Knight Center, January 18-19. However, bitcoin proponents got some unfortunate news this week as the event organizers have announced they have stopped accepting bitcoin payments for conference tickets due to network fees and congestion.

I think it sums what I wrote

https://news.bitcoin.com/miami-bitcoin-conference-stops-accepting-bitcoin-due-to-fees-and-congestion/

Geoll29

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I understand that a currency is a thing we use to exchange for goods, products or services. Bitcoin has this characteristic. So I am considering bitcoin as a currency.

Walrus1

member

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Well even when businesses accept it not many take advantage of it. Overstock.com said less than 1% of transaction were btc

toresto

jr. member

Activity: 81

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Quote from: ?? on ??

I totally agree with OP.
I myself never view bitcoin or any crypto token as currency but that doesn't mean it can't be. It's just the time isn't right. It's too volatile to be use as daily life currency right now. Maybe things will get better after the price is more stabilize in the future, 20 years from now.

i really hope so :-)

toresto

jr. member

Activity: 81

Merit: 6

Quote from: shakhana on February 18, 2018, 08:34:23 AM

I think that in the near future we will really pay with the crypto currency. Therefore, it is better at this stage to fully study it and be ready for future events. Crypto currency is our future.

most of the people look at crypto only as a way to invest and gain money and not as currency that what i trying to say with my post.

shakhana

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I think that in the near future we will really pay with the crypto currency. Therefore, it is better at this stage to fully study it and be ready for future events. Crypto currency is our future.

gabmen

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Quote from: ganlianshifu1 on February 18, 2018, 04:03:12 AM

Bitcoin is not issued by a specific monetary authority, which is generated by a large number of calculations based on a particular algorithm.

BTC itself is central bank and currency! And the number of BTC is certain!

That is fiat's features and crypto is entirely different. That's why many believers are saying that the good thing about crypto is it gives them freedom from control by governments and banks. So crypto will be a currency different from how we see fiat today.

toresto

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Quote from: ganlianshifu1 on February 18, 2018, 04:03:12 AM

Bitcoin is not issued by a specific monetary authority, which is generated by a large number of calculations based on a particular algorithm.

BTC itself is central bank and currency! And the number of BTC is certain!

did you just do "WIKI" on me?

ganlianshifu1

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Bitcoin is not issued by a specific monetary authority, which is generated by a large number of calculations based on a particular algorithm.

BTC itself is central bank and currency! And the number of BTC is certain!

toresto

jr. member

Activity: 81

Merit: 6

Quote from: zhanghoqi5 on February 17, 2018, 08:03:15 AM

Don't be so negative.

I being objective not negative

Topic: why I'm not believing in bitcoin as currency (Read 715 times)