Bitcoin Forum

As the title says I am pretty sure most of us who understands "what is the actual use of the bitcoin will know what it says"

Bitcoin :
Mint Symbol : BTC
Value : Avg. 10K USD/BTC
Form : Virtual
Use : Currency

This should have been the actual thing after the Satoshi's dream to release the coin like BTC in the market. The bitcoin was supposed to be used as currency to buy and sell things the same way we do with our dollar.

The first use of BTC was done when the guy bought pizza for 10K BTC. That was the thing which should have been continued today also. No matter what how much you pay for pizza in those early days, it could have been few satoshi's today but it could have worked just fine.

The status of the BTC has now turned to commodity. The commodity which is being traded globally for the own profit and to run the different industries. This is getting ridiculous day by day as replica of it coming out of the forks.

This Should have been the Future:

Bitcoin is ebbing used as currency in 2009-2010. Government see that its popularity is growing day by day and it could be of could use in the financial sectors, lets implement the blockchain in our banks!

Bitcoin earns the legal status

Bitcoin gets widespread across the globe and rest of the country follow the same and thus the nationwide legal status turns into the global legal tender!

People start using the BTC for trading daily life needs with help of bitcoin.

There are no creation of million BTC addresses daily but the only one unique address per head per bank account!

No exchangers are being created but only handy smart phone apps and PC wallets to store the coins linked with bank chain.

Bitcoin smoothly shifts in the market capitalism and keeps going upwards slowly but steadily. The value rises and it gets cheaper to use for daily needs.

Global financial advisor think about minted coins to be formed physically with unique barcodes printed on them.

First appearance of the BTC in the global market!

Yes, that seems to me perfect. This is what bitcoin could have followed but greedy human changed its history by using it for their own benefit as commodity.

One of BTC's strength, which is its deflationary nature, is also one of its greatest weaknesses. Like gold, its most valued utility is as an investment and a store of value if one was willing to take the volatility. But theres only one way BTC is going. Up.

With that said, tell me, are you willing to spend your coins for your daily needs? Then prove it. Because I dont. The opportunity cost is too great.

Thats what I am pointing out here. Lets keep the Gold as an investment asset or store value which is utility metal. It can be bought with currency/money. However, the bitcoin on the other hand is itself a currency which could be used to buy gold itself. Bitcoin was never asset for Satoshi's sake! We made it like that.


With that said by me, yes I am willing to use it for daily life needs with off course digital platforms unlike the physical currency.  :)

There is nothing to prove about it because our thinking has set to assets, store values, trades, profits when we say "Bitcoin". If that would have been never linked with it then im sure you would have been using it as currency too with no more proofs. :D

Yes, and deflationary coins goes against our consuming society, where we have to spend our money which loses value. As we all want to keep our coins, having bitcoins as global currency would kill the consuming society, haha.

Currently, everyone sees bitcoin as a deflationary currency, which is wrong as mining creates inflation (around 1440 coins everydays, 525 600 every years which gives an inflation rate of 3.1% for this year). When inflation was higher in 2014, we were thinking it was one reason of a price drop.

For bitcoin, the protocol must evolve to use it back as currency. If everyone starts to use their coins, fees will rise again, maybe even more than december, so all daily purchases will be almost impossible. It was possible some years ago, when we had really less users, and I remember our motivation back in these years was to see bitcoin accepted by big merchands (like steam, microsoft, amazon, paypal integration? ). I don't see a lot of people hoping for another great merchant integration today, currently, people are talking about countries regulation and trading. Seems like bitcoin usage and goal has changed, indeed.

It is impossible to take Bitcoin back to it's original use as currency because investors are keep on hoarding it themselves for a long term investment. Bitcoin is for everyone but now only wealthy people can afford to have atleast a coin plus it is only applicable to bigger transactions due to high fees. But yeah I love it when Bitcoin will be used again as currency and Altcoins as digital commodity.

I usually use Bitcoin in buying prepaid loads and also paying bills here in my country and it is super fast and easy compared to fiat currency. But when I first knew about Bitcoin it is really a currency but when I came through various online communities they used it as investment just like precious stones and metals. My question is how could it be back when all the people are using it for investment purposes and not as currency?

Yeah, Bitcoin started as a currency, but it's more of a commodity now. One has to wonder if Bitcoin got more traction as a currency would it have been as popular as it's now as a commodity? Would Bitcoin prices have been much more stable than now where users would have been using it for day-to-day lives? Not likely. Not about Bitcoin vs fiat, but if you're living in a country with a strong and stable economic conditions, Bitcoin doesn't serve much purpose as a medium of exchange, other payment systems would do the job, unless Bitcoin transactions are that cost-effective, but yeah in a hyperinflated or a nation with a broken economic structure, that's where Bitcoin serves its true purpose as a medium of exchange.

The countries that have regulated Bitcoin have classified it as a commodity, apart from Japan where it's considered a legal tender. I think governments planning to regulate Bitcoin would take the commodity route rather than recognizing Bitcoin as a currency, better a commodity than accepting a decentralized currency they can't control. It's about stability, less volatility, currency or commodity, what matters is how mass adoption will be achieved. Bitcoin can't only be digital gold without utility, and so far apart from volatility, scalability concerns have been limiting Bitcoins potential as a currency, but with LN, there are a few good reasons to believe that the next phase of adoption would be utility/currency driven.

We can't do anything about it because that's how we made it look like. Off course human is best species considering the greed and want of money or what we can say something valuable. Thus they bitcoin as the best and easiest way to achieve it and finally here we are trading the shit out of bitcoin and making millions. (Well not me) but many others in the stories.  ::)

Your chronological order is good one by the way but things could not have been so simple as you have depicted there. The bank collaboration will need huge regulations and strictest confidence to do it smoothly. It might have not been sorted by now. That's how politics works.

This should be one of the things that we should have promoted here and not what we are seeing today. Many of us has seeing bitcoin as investments tools and not as currency. We are concerned about how mush we would make from the push or fluctuations in pricing. Bitcoin been used as an assets to trade or invest for high profits will undermine it values and it positions as a currency.

If people is not using bitcoin as a currency is because there are not many places where they can spend their coins but this will change over time

As much as I agree with you this won't happen because larger number of people see bitcoin as internet gold and not internet money.
Newcomers don't care what they can buy with bitcoin, they only care about how much profit they can make and cash out.

I am pretty sure lots people don't know that they can use bitcoin to buy something. It is just sad.

I would be agree if Bitcoin has been unsuitable as a currency.
While Satoshi original vision are using this as peer-to-peer electronic cash that didn't require the supervision of banks, but many people are likely to stored it rather than to spend it. This is what keeps Bitcoin prices up, so investors start to compare it like the value of gold.
In fact, we can't resist the trend of market participants who prefer to invest and trading it rather than use it for daily needs.

Aahhh, so you want to instill rules about how Bitcoin is used? How people can interact with it? What its average price should be?

Sounds like regulation - NO THANK YOU!

Why are you against letting the free market decide what Bitcoin's utility will be? Right now it's clearly moving toward being a commodity or investment class. This is a great use, something outside of the regulated financial markets, something that operates outside the corruption-tempted hands of humans. Where is this reality going wrong for you?

I appreciate the world you have created for bitcoin. But lets face it. Its tooo fictional. I was away from the forum for last month as I went for a financial summit and trust me the big banks and authorities have no plans to bring in cryptos anytime soon. They are really still too dominant in the society. Just a word from the governments against the cryptocurrencies would mean a full stop on the legal transactions all together. So its hard to believe this world could exist. But on the very same time there is no way to stop cryptocurrencies too. Their flow is imminent but will be restricted as a secondary source of currency only. 

Pardon the call out here, but I think you misunderstand how little power "the big banks" have over this thing.

The growth of bitcoin and what the OP is proposing relies zero on "the big banks" to accept it. This system works outside of all traditional banks. On the contrary, we would be willing to consider bringing the big banks into crypto...some time soon.

Even a word from a Government against crypto currencies doesn't bring this thing down. It'll flush out the newest investors, but won't stop the system and it surely won't put a "full stop on the legal transactions". I can send Bitcoin to anyone who's willing to accept it for any good or service I'm legally allowed to possess. A Government has as much control to stop bitcoin transactions as they have of stopping you from givng a sixer of beer for to a neighbor in exchange for keeping an eye on your house while you were out of town at that financial summit.

The only thing that is required for Bitcoin to be flourishing as a currency is for merchants to accept it as a currency. But even if they don't, Bitcoin remains avialable around the globe.

Can you do us a favor? The next time you're at a financial summit, please spread the word that crypto currencies have already arrived. "The big banks" don't have a table we want (or need) to sit at.

You have some good ideas (I would like to see Bitcoin have a clear legal status), but you are also wrong in many aspects.
Let me explain:

1. Why should be the value of this coin be quite fixed? My country's coin was 18 years ago 2.14 RON for 1 USD. Now it's 3.7 RON for USD. Quite a difference, and it's still a currency. You can research for yourself how valuable was US Dollar some 30-50 years ago and may be surprised. Those are inflationary coins. Bitcoin is deflationary, its value HAS TO grow over time. So the fixed part makes no sense, neither mathematically, nor economically.

2. The pizza example is not good. We can pay in the same way today with Bitcoin. I bought a monitor for BTC not long ago. The problem is that it's not feasible to pay at the grocery store with Bitcoin. Not yet. And I think that Satoshi knew that Bitcoin will need "something more" at some point. Lightning Network is that something.

3. Legal tender, hmm. This is going to be difficult. Just look at Euro. UK and others just didn't want to get rid of their coin. Greece may be sorry that they use EUR. All in all, governments don't like to let go the control over the currency. They want to adjust the inflation by their needs.

4. One address/head/bank account? First of all banks have nothing to do with this. Second, the number and the use of wallets is "not your business", meaning everybody have to be allowed to make as many as they want for the needs they want. You mixed up here the currency with the banks. They are way different. Wallet is the thing from your pocket. And I am sure you wouldn't like when you go in a bad neighborhood to have written all over you how much money is in your wallet.

5. No exchanges. This is related to 3. If you get Bitcoin accepted everywhere then the exchanges will die off, since it will no use for them. Until then, you need them, in the same way as you need exchange to change your USD to EUR if you go to France and have to pay something with cash.

..I could think on more things, but I am lazy enough to stop here.

Bitcoin is a currency but most people do not want to accept bitcoin for goods and services because of the way the price fluctuate in the market.

I agree with you, actually it is still a currency but it is not used like a currency but it is seen as a store of value, and as it is decentralized, lots of people want to make money through price fluctuations.

Bitcoin is supposed to be a currency, yes it is a currency but people made the deflation and made it an asset like gold. We may still made bitcoin as currency but many people use it the other way. Because of our new technolgy, bitcoin itself evolve to catter the needs of each investors. Right now bitcoin is a two way digital currency, it is like a gold which grow in value overtime and a currency which is used to buy things online.

Nah, those days are gone. We have gold, black gold, white gold,etc.. and now we have crypto gold. That's bitcoins role today, pretty much, and most likely will be. Just an investment asset.


Gold was used as a currency and now it's an asset, bitcoin was created with intention of it being a currency but has went on to be an asset.

Will share this (https://www.forbes.com/sites/jeffreydorfman/2017/05/17/bitcoin-is-an-asset-not-a-currency/#32bcaecc2e5b) link again.

BTC is not fully useful for payments. it's better as gold of crypto - market value holder of crypto. I would prefer XRB to BTC as a customer or as a business owner if I was not related to crypto with any way. BTC is not very cheap and you can't buy small value assets with it or it has a big fee to do that. It cost much if you want to buy a thing for 100$.

BTC is still not suitable for get accepted as real world payment system. Current financial system is based on beliefs of some people so, cryptocurrrencies cant easily change this system. Some of newly created coins aim to change this but let's dont foold each other of community ;)

Why would we get rid of one of the features that distinguish using Bitcoin from bank accounts? Also, it is impossible to stop people from creating new Bitcoin addresses because someone code their own generator thanks to Bitcoin being open source.
There are many merchants who accept Bitcoin as a payment. Bitcoin fees are quite low so don't even bother accusing it of not being cheap enough to use it for every day payments. Why should we care if some people use Bitcoin as a long-term store of value? We can't prevent this from happening.

Bitcoin was created to become a currency, but for now bitcoin still not suitable to become currency, if bitcoin only act as currency for sure many people will ditch bitcoin, the high fee and slow confirmation will make society uaing other payment option, I think there should be a balance  where bitcoin being used as currency and commodity, after all the one that make bitcoin famous is because it is being used as commodity and we still need more popularity for bitcoin so many countries can adopt bitcoin

But what if I want to save all my BTC and use my fiat money to buy everything for my daily needs. Cash accepting stores are more accessible, its also easier to pay with cash, and without the hassle of waiting for a confirmation which sometimes is inconsistent.

Let me say again that that opportunity costs is simply too great. If I spend my BTC today, and the price goes up to $15,000 the next week, I lose that opportunity to buy more with it.

What do you mean bitcoin must back back to the original use? So how about today usage? Is bitcoin do not become people passive income? Or even some of them can make become their main income because everyone that use bitcoin will surely get some profit, even the latest should get profit till this day so I do not think bitcoin need to be back to the original position as if they not getting good future

It is impossible to return Bitcoin to its original use as a currency, because investors continue to buy it for long-term investments. Bitcoin did not return to the accumulation council

thats it,most of us valued bitcoin as gold more than a currency,because we treasure this in our wallet or exchange as valuable materials that upgrading the price day by day.and returning this to original form is impossible for this reason.since more and more are holding this great coin than spending

I like the fact that Bitcoin offer you the ability to chose if you want to use it as a currency or if you want to use it as a commodity. This choice should never be taken away from you, because Bitcoin is all about FREEDOM of choice.

People are so accustomed to governments or people in centralized authority, making the decisions for them that they seldom appreciate the freedom of "choice" that Bitcoin offer them.

Bitcoin gives you 100% freedom to control your own financial wealth. <Go to bed tonight and just think about that for a while, I promise you it is a eye opener when you get that.> ^smile^

,although i agree with you there is also no guarantee that after the legalization of bitcoin into a specific country it wont be controlled by mosr of the governments, and worst part is that they will monitor all of your funds and try to control it or limit the usage, hopefully that wont happen.

I assume that you know that bitcoin is made as a virtual currency that can be use in purchasing goods or other thing that fiat can do. But since the value is increasing as we near in supply people sees bitcoin as an reserve asset that the more you'll hold it the greater the value. Truem it can be as source of income if we trade it but still it's not the proper way to treat a currency. And yes the true essence of bitcoin had gone and let's just embrace that this will be an asset that everyone love to have.

I think for all bitcoin users strongly agree that going back to the original but it does not mean can not be in exchange, because bitcoin digital currency that has much evidence for all its use.

I believe he meant to be used mainly as a currency, rather than an investment asset. It's not that it's not being used today, it's that that it's being used as an asset, people buy at low and hold it for some longer time.. and to me that's not being used as a currency.

People would always go for the most convenient way of living and we do all know that bitcoin isn't still capable on replacing fiat when it comes to daily transactions on our daily living.Even though how hard we do push on why bitcoin is being created but we cant really easily changed the situation on strictly implementing it. Why? because adoption isn't still there yet and people isn't seeing this thing as a currency but an asset to hold off.

Bitcoin continue to evolve its features so it means that it is expected to have some changes. Changes that is for the good of the user so that it will continue to be used by many. What you are trying to impose that bitcoin  must comeback to its original use is I think it is hardly not happen because it is already establishing a strong foundation. Moreover, people are now contented of the services of bitcoin although sometimes it has some problem regarding with its transaction fee but I think all is still in good.

I seriously dislike people telling others how to use Bitcoin. It's basically like banks telling you how to use you own money.... Bitcoin equals freedom, which allows you to choose for that what's better for YOU, and not what's better in general terms or what's better for whatever central authority, and this freedom is something banks and the governments will never be able to provide. Instead of focusing on what others are doing with their coins and how they use them, focus solely on yourself and use Bitcoin in the way you think it should be used, and from there I hope for you that your way of thinking aligns with your actual needs, otherwise you're just a hypocrite.

It is hard to tell people to use bitcoin when there is a high chance that their coins will be worth much more tomorrow, next month or next year.
I would only spend my coins if I stumble upon a really good offer: for example, could buy a car or house with BTC directly.
If I could avoid all that paperwork with exchanging BTC to fiat then I could consider spending my BTC.

You can not change a reality by magic. Bitcoin has never really been a currency. First it has been a tech experiment, and then it has mutated into a store of value, something you would buy to hold, not to spend. This is quite difficult to change. Perhaps impossible.

That's quite interesting point of view. 2009-2010 would be definitely too early for Bitcoin to become noticed by large companies and governments. I guess you don't understand the point of Bitcoin's existence at all. Bitcoin was supposed to help us create a currency which wouldn't require any third party. Someone could now say that Lightning Network breaks this rule but keep in mind it's a second layer solution, nobody is forced to use it. No exchanges? No ability to keep coins in my own wallet generated offline? Let's go further. Get rid of miners and allow central banks to reverse or freeze transactions.

I think it is not just greed that take its place. It is practicality. Anyway USD is a currency that is being traded with other currency and I see bitcoin has the same uses as it is. Only that bitcoin has a greater value that can be compared to gold, even greater than USD does.

It is not greed, it is taking advantage of the opportunity and being more open on the possiblity that this virtual crypto can offer. Bitcoin being a currency is boring, there are a lot of currency out there and this can be use for the same purpose online. So people maximize the use of bitcoin and tried to be greater than any other currency. Trades happen.

I think trading is the best defision and best usage of crypto ever created.

All currencies are assets as well, this is something usually forgotten and as long as bitcoin performs a better job being an asset then that is the use people are going to give to it, bitcoin as a currency is not very good, that will change in the near future but we cannot deny the best usage of our bitcoin does not come from paying our bills it comes from holding and trading and as long that is true that is what we will keep doing.

The problem is, government wouldn't consider it as currency instead they are putting it under pressure in form of regulations such as identity verifications in order to buy bitcoins and withdraw it to your wallet in some exchanges like bittrex, i think satoshi's vision will be just a vision if this current situation of bitcoin in eyes government dodn't improve.

Most of what you said make sense, but the red statement would not work right now. Not at least with the blockchain is designed.

You said : There are no creation of million BTC addresses daily but the only one unique address per head per bank account!

But don't forget that the blockchain is public, so if there was 1 unique address per head, everyone would know exactly how much money that person has, and how they spend it. This is not a good thing, because we all value privacy, or at least we should. Bitcoin tech would need to change for this to be true. To be honest I don't see why this is so important, there is no problem in users having as much addresses as they want. Total privacy leads the to "criminal use" dilemma, but then again, so does fiat, so we will never escape this part.

As for bitcoin being used as a currency and not  commodity, I totally agree. I do believe that we need liquidity and more stability for this to happen, and those things take time. Don't forget that bitcoin is scarce, and that has it's advantages and disadvantages, where the main disadvantage it that it gets very volatile, and people know it's value should increase if they hold it, and it should decrease if they sell it. This opens ways for speculation, and only enough liquidity will ever fix this problem.

to make bitcoin as a ransaksi tool that can be used and apply in each country it is very difficult because in each each country of course already have a legitimate currency that must be used to make a transaction. although at the beginning created bitcoin with a goal as a tool of transactions but still many from some countries who think that bitcoin will be a problem that will face in terms of economy. and this is the reason for some people taking an alternative to making bitcoin a digital investment asset that aims to make a profit.

I believe except for the fact governments are trying to regulate Bitcoin heavily, everything is happening as it should be. Bitcoin gives us the chance to grow wealth by holding it on long term and there isn't any problem about. Makes no sense to keep spending it now while many others will be holding and enjoying the increasement in price on long term, while you will have nothing stored. It's upon to each one of us, and holders shouldn't be blamed for it, especially the little ones who collects each penny with a lot of sacrifice.

The idea is vein for now because we have missed the chance of using it as the currency. The purpose is now just an asset or store value which can be used for further tradings, gambling, investment and much more to name it.

How do we get it back as currency from such complex investment would be difficult because it has become the trend now and nobody is there to blame for that. It could or it may get back its status of currency if somehow it gets involved into regulations. That might sound like taking all the fun out of it but it think that's the only way for now.

One of BTC's best usage would be the ability to make a censor resistant transaction at a time when its impossible to do it in all other currencies. Maybe in a dystopian setting.

Thats a very powerful use case if you think about it deeply enough.

you are too hypocritical I think.
try to think rationally and go forward, we must be ready to accept technological change if we do not want to be left behind from others.
do not force a bitcoin user to use your mindset.

How will a government control a technology that cannot be stopped? China has some of the best firewalls in the world, but they cannot stop Bitcoin transactions going through that firewall. Agreed, they can make it a criminal offense, but people will still use it in Black markets or on the Dark web.

Regulation just increase the tax income form people who are using Bitcoin legally and it offer some level of customer protection. People still use other methods to circumvent government controls. <but it would be unethical for me to go into this on a public forum>

Bitcoin is the virtual currency and it can become to it's original use it is the currency of the future and mostly this currency is using for online transactions so it is good to hold the crypto and use them in the future now some of the organizations are ready to accept bitcoin as online payment and it is true that the bitcoin have a good future so it is our goodness to donate some of the bitcoin for charity as well.

Why force it to be something it is less adapted to be? It doesnt have to be a currency to be a disruptive technology. It could very well still make an impact in the financial world as a "commodity". Right now, it's far too valuable to trade like currency, but it's still a good way to keep your money. I do agree, the forks are getting ridiculous and they tarnish crypto's reputation, but it's a minor set back, compared to the giant leap forward the development of bitcoin offers.

Usage of paper money in order to meet your daily needs and wants is the best thing to do and that there is no point of spending your most worthy and valuable coins just for the sake is buying something or meeting your needs. Bitcoin can help you in much better way if you keep holding it for some good period of time as with every passing day, its value rises which actually means that you are having greater profit.

We made bitcoins asset, you are right here. The developing team might be cursing us as we have totally changed the nature of a thing. Bitcoins couldn’t never be thought as an asset in earlier times rather they were started to replace other currencies of the time. But the ending is somehow not according to the plan, as much of us are continuously dealing bitcoins as gold.

Bitcoin has never meant to be a currency, even if you could have used it as a currency when the fees were normal, it still doesn't mean that we should it as a currency.
If you wish to buy small items such as coffee, lunch meal and etc, you can use a smaller cryptocurrency who offers a smaller amount of security but at the same time it offers reduced fees.
Bitcoin has meant to be a store of value, just like the gold, and not for daily transfers.

At this point it's unlikely to not be seen as an asset even if ease of making transactions have improved. People still look at it based on its exchange rate with fiat that they'd rather hold, trade and exchange rather than using it as money for purchases.


You are right. It was intended as a secure, decentralized option to fiat and look how it turned out. Maybe things will change once all of it has been mined out? Hard to tell since that would still take decades to happen.

We believe in Bitcoin. Its market capitalisation is 40% of all cryptocurrencies.

I think it's a little late for bitcoin to go back to being just a currency. It's evolve now, it innovated and
somehow I think that is good. It will always be a currency if you wish to use it as one, but fortunately
it is more than that now. We should try at least to accept and look forward what bitcoins can and will
achieve and accomplish, it will benefit us all.

After the entire bitcoin getting mined changes might take place from something a transaction token to a currency. Still it has got little possibility, because with the limited number of bitcoin it is hardly an impossible task for each and every user having at least a small amount of bitcoin.

and that's how it's going to be in the future. Bitcoin will remain as the biggest one and will become a full on investment asset, while the smaller crypto will replace bitcoin in various fields like the state crypto we're seeing being developed today.

and tbh, that's what I'd love to see. Just like changing from one currency to another, you'll be hopping from one crypto into another for whatever you need and it can also be bought on some corner shop like you're buying bus ride tokens.

Bitcoin strongly reminds me of gold. In the ancient times, they use gold and silver as means of currency to replace the barter system. However, as times go by, people used other means of currency which are cheaper and easier to obtain. The value of gold sky rocketed that normal citizens cannot afford to have it. As a result, gold became an asset instead of means of purchase.

That's what's happening to bitcoin now. It's more like an asset now than of a currency, which, for me is fine. We have Ethereum (which heavily reminds me of silver) and other good altcoins to use. Eventually, cryptocurrency will fall in the same trend as what happened to gold and fiat money.

Yes, but, you can still buy a fragment of bitcoin like 0.001 or 0.01 so it's still affordable. Tho that's not what I meant. Regardless of price, you can always buy fragments of any crypto, but just the very idea of people buying and trying to collect, while holding it all for a long time, is that's making it an asset.

Actually when bitcoins are considered as the world’s super currency then it is necessary for bitcoins to be shared throughout the world’s populations. Every person sold be easily accessible to bitcoins and this fixed count of bitcoins have to be increased. Only then we can say bitcoins have made the world’s best currency that would be used in every form and everywhere.

The price should come back especially for those who bought it at a relatively higher price. If not, then these investors would loose a lot of money.

We have no choice, bitcoin is evolving, rapidly and with full potential, these changes are making investors roll their eyes with a dollar sign, lol, maybe as a currency, it is only one of the uses why bitcoin was created, but because lots of investors are seeing how bitcoin evolve profitably, everyone tends to go with the trend. We cannot blame them, just like dollar, as supposed to be a currency butbecause of its market value and wolrdwide  acceptance, it landed on trading platforms too, it is a natural phenomenon. And nobody can derail it.

People should still be able to afford buying a few satoshis after every btc has been mined out, the price would just be a bit higher.

If bitcoin is the only crypto or currency left (no more alts and fiat) then it's value would be measured with the goods and services it can buy so the amount you have is not much of a problem since you'd eventually get some one way or another.

I disagree with the OP. US Dollar and other hard currencies are also used as commodity in the Least Developed Countries but they are still currencies nevertheless. Also I wouldn't go so far to call people who trade Bitcoin greedy. If there's a demand for something you can trade it in the free world and that is not making you greedy. And why do you think the price should stabilize at around $10k? What if I tell you that the reasonable price for Bitcoin with today's demand should be around $50k? Also if there was only one unique address "per head" it would totally eliminate the anonimity of Bitcoin.

That will be great use case but unless you live in North Korea we do not have a need to use bitcoin in that way, however it seems we are heading in the direction of a more intrusive government and if that is the case then the fact we do not need to use any middle man is critical but I still think we are on time to avoid that future and bitcoin will be one of the tools necessary to avoid it.

I don't think it "must" do anything... it "will" do what the market makes of it

I am new here and even doesn't know what the actual use of bitcoins is :(

Its very nice if bitcoin can be currency but I think its very hard and still long way to become currency. Its happen because banking lobby on government is very strong and banker dont want to lose control on monetary system

As per me its real use is evaluated in using it as a daily traded local currency but its not gonna get that form ever

Agree! Bitcoin increased it price very fastly so it should undergo some market correction before increasing it's price further. Even i bought the Bitcoins at the higher price but still, holding them patiently because i am have lot of faith in bitcoin.

Btcs original purpose was to serve as a support gambling currency for the unemployed and employed people. But they are taking it too serious

It will get back to its original use case of currency, just give it some time will you? For the moment it has veered off, but I bet you once we get more stabilized or hit a certain high enough price people will begin using Bitcoin and other cryptocurrencies more often. I personally, don't need my Bitcoin to have gained I just need to know I am transacting anonymously.

Unfortunately we are pretend bitcoin not as currency but only as source of income, where people can earn money online. Just look at ourselves and be honest, we are only want to grow our wealth by invest in bitcoin, aren't we? We can use bitcoin to buy something in online shop or e-commerce marketplace such as Amazon and etc but we need to use vendors such as purse.io , the merchants aren't accept bitcoin, they only accept fiat money but purse.io help bitcoin through their method.

I think limiting bitcoins use to currency is like forcing an octopus to operate with one arm

Yes, the founder of BTC with the purpose of helping to speed up trading, reduce the cost of circulation. But nowadays, BTC has lost its purpose, and no one knows its purpose anymore. They plunged into the BTC for speculation, business profits and the BTC market became more chaotic than ever. Has created many fraudsters, specializing in appropriating property of others.

Aside from being a currency, what are its purposes?
1. Income sources
2. Asset
3. Storage
4. Support gambling
But the root of these purposes is that bitcoin is a currency. The OP made it more complicated. The people will choose for his or her own purpose of bitcoin. We can say it is an income source but the essence of bitcoin is still there. That is to transact and transfer in a peer to peer network.

We can't force things. Some people are living in countries where cryptocurrencies are not legal yet. So the only thing that they could make use of it is investment to earn profit. Bitcoin might be used as its main function which is as a currency after a couple of years but for now,just be happy to those people who are earning.

Bitcoin cannot now be used as a currency. Miners and the rest of the bitcoin community have different interests. This can cause a great deal of conflict. Now I do not see the prerequisites for the problems of transactions to be solved. Maybe bitcoin will never become a currency? It will be an asset for saving and moving our savings outside the banking system.

Well it was meant to be a currency but has never been used as such since people are looking at it's potential to make money. And with btc's high vilatility rate, it's going to be very difficult to have it that way for now. Probably not until btc has reached it's peak or the last satoshi has been mined.

I agree with you. Also if Bitcoin will start to be used as a currency (I really look forward to lightening network technology), instead as only a store of value, its price volatility will decrease dramatically.

Bitcoin has become an asset rather than a currency. People are looking at bitcoin as a way of earning money like stocks. The volatility of bitcoin has been taken advantaged. But despite the rise in price because of mere greed bitcoin took a big fall. I think the way people look at bitcoin now, we cant change that anymore. Despite the fall people are still investing in bitcoi. Simply because they wanted more. So making it a currency would mean using it but instead people are just storing and holding their bitcoins.

I agree with this. At first people were actually using bitcoin for all its intents and purposes which was as a currency but then the value of bitcoin began to increase which means that prices started to increase and people started to notice that bitcoin will do good as an asset and they started using and treating it as such which will make bitcoin resorting back to its original use as a currency very hard and the volatility of bitcoin does not help matters either.

I agree that bitcoin should return to its original designation - as a means of payment for the acquisition of daily purchases, as it was and was conceived during the creation. Now there are a lot of conversations and various speculations about its value storage function, although we can not say with certainty which bitcoin rate will be in a few years. Therefore, these conversations are worthless. The main thing is how you can use bitcoin at the moment.

But there's a problem. Bitcoin is not yet legal to most of the countries and as such only few people will be able to use it as a currench to buy things for their daily living and those who are located to countries where it is not yet legal,they have no choice but to make use of its volstility in the market which is thorugh investment.

bitcoint is cryptocurrency, what's the argument in that? Fiat is being used as investment as what people also do with bitcoin. But unlike fiat, bitcoin have limited value as we all know (21M) thus making the price go high because of the demand vs the supply. I know people using btc as payment as well as investment, how about you? do you pay using bitcoin and/or altcoin? if not then what's the point of argument?
Also, 1address 1person? what's the point of decentralization and egalitarian ? where's the freedom on that?
Bitcoin legal? not anytime soon, but there are some country you can freely use bitcoins but for some, we need to fight tooth and nail to show the world this is the real future.

There's a lot of argument going on around bitcoin but it is what it is. We can't change it's value now we can't make it die unless Satoshi immaculately appear which I doubt will happen since feds and irs after him but for now we can just enjoy what we have or leave it alone  ;D

Without any doubt,it is a currency.Used as a medium of exchanges for goods and services, currency is the basis of trade.Although it's running in the currency system,but is present it's being considered as an asset.

We don't know exactly and how long it will take to reach its original value but there are many factors to be considered. Surely one day Bitcoin will hit back to its original value where it was before, but the market cap should increase.

It is not really about the value I am talking about but about its real use as the title also says the same.

However, this is also good thought that we will surely get to original value or something more stable than what we are experiencing right now. I just wanted to see that bitcoin be the currency and it should have been in other dimension by now. I mean all the banking needs being shared with the crypto currencies and vice versa. Gotta say that would have the different world really.

it wont happen. limited bitcoin quantity make it not feasible as a currency. how you gonna distribute to over 7billion people and growing population? infinite economy needs infinite currency to work. bitcoin is not one of it.

But dont worry, this year gonna be exciting year as we see many new ICO mainly use as currency.

The real usage was to be a P2P currency without a third party and based on demand for it, as long as you are pleased with the value you are getting it from me, then so be it. Nevertheless, I feel we are asking for too much at this stage.

We are in the pre growth phase as far as I am concerned, and you really would not expect everyone to just see bitcoin as a currency when indeed a lot of people are busy looking for ways to get rich which is why we have weak hands in the market and until when we have a cap with those who believe in the real value making use of it, then there is no way we would not keep having that.

It will but it is too early for us to be asking for that. The only time it did was when it was still very much early and people really saw the main value for it as it is, and then the whole thing with speculation started and we started getting to see a lot of people getting greedy which ended up making it a speculative asset, and the only time we will get to see this happening where we have bitcoin as a currency fully is when it has really reached a stage of no return and the market capitalization is extremely huge, that would be hard to see any huge manipulation.

As far I know, bitcoin invented for replacing fiat money that controlled by central bank. Thats why bitcoin have limited supply and using blockchain technology so everyone can see the ledger with more transparant. But many government ban bitcoin for payment and right now bitcoin is like investment instrument and looks like gold in digital world

This is what I also think. Bitcoin is supposed to be used as a currency and not as a commodity. It is also the reason for its volatility because whales and pump and dump groups are also controlling its direction. But if it is accessible by many people and is being used as a currency to buy and sell necessities then the masses will have more control over Bitcoin like any other fiat currency and its price will stabilize. I just wish that within the next decade the direction of Bitcoin will shift from being a commodity to a currency.

For me - bitcoin is more than the currency. It is bank system, data storage and great example of the hitech which does not get old after 9 years of launch! Using BTC as a currency is a waste of potential...

Yes, Bitcoin is a payment system in its core and we should treat it in that way in the first place. I am not against earning money from speculation activities but that should not be the primary aim of a user. I try to spend my 50% of the Bitcoins and hodl/invest rest 50% of the funds but I don't have even a single merchant in my city accepting Bitcoins against goods and services so there is no utility value for my Bitcoins unless converted into the fiat currency. However, I am optimistic that we will have a crypto friendly market environment in the coming years in most of the countries and the number of people using it as a payment system would drastically increase.

In reality the value of a centralized currency represent the country or state's on the economic status and its participation for global trade. Bitcoin as a decentralized currency where no governing body tries to control its price stabilty to represent its real value, supply and demand is  the only indication of it real value where volatility is the downside if it is going to be used as a real currency. As long as bitcoin is freely decentralized there is no real value after all.

I think that isn't the only part of bitcoins original use , the decentralization and ability to have control over your own money are also part of that. The only thing left right now is the control over your own money part. Decentralization is a joke and bitcoin became unusable as a currency. And tbh i don't even see how bitcoin would go back to that point.

I suppose, that world is not actually ready for accepting a bitcoin ass common currency for common usage, it is too many difficulties still

If bitcoin the original use is cryptocurrency and it had  expand to some additional uses and program then continue its multitasking use or function in order for the bitcoin will be much more familiar and popular to the other business outlets in the digital world.

totally agree but the problem is how to make it real, because what we see around is that governments are not supporting the ecosystem of bitcoin and cryptos, even we have a friendliest country for bitcoin like Japan, but still Japan government does not acknowledge bitcoin as a currency, so as long as government hesitate and suspicious it will be hard to see bitcoin as a currency, because currency must be legalised by an authority before being used and implemented in society.

I believe as well that the price of bitcoins will grow back to 10k dollar within just a few months starting this past few weeks because the tax day in united states has already end last wednesday.

That is something that we must prepare for because when that time comes, then we would not be able to make profit and take advantage of bitcoin's volatility. I'm quite positive that once bitcoin becomes a regular currency, then the volatility range will not be as high and as low as it is right now.

Yes, bitcoin was originally a currency, but it is now more of a commodity.

Because there is so much volatility in bitcoin, there is now more and more people using it as a tool of speculation, against the original intention of bitcoin.

What is the original use of bitcoin? I think that the original use of bitcoin is that all the people start using bitcoin as their regular currency for their daily needs. It will take time and I am sure in the near future we will see this with our eyes. The use of different currencies will be replaced by bitcoin only. This will be the original use of bitcoin in the future.

Nothing is perfect and everything stated is an absolute best for bitcoin but too far-fetched. If bitcoin was to be used as currency, it will lose its volatility as a trading platform and might even loss its price due to people's loss of interest in it. Minting physical bitcoins would have to go through too much red tape for global distribution. There are a lot of others things probably we need to take into consideration.

I agree that more attention should be paid to using bitcoin as a means of payment, rather than investing in it to raise its cost. Increasing the cost of bitcoin is actually a way to a dead end, which eventually leads to its depreciation if the cost of bitcoin reaches very high price values. At the same time, it will deal a very serious blow to the image of the entire crypto currency. Therefore, we should pay more attention to bitcoin as money, and it is with this that it is still a big problem. We want bitcoin to grow in price, but its functional quality is very low. In fact, now, bitcoin can not yet be used freely as a means of payment for goods and services that are insignificant in value. How can we then expect its significant growth in price, if it does not perform its usual functions in due measure. It can grow under these circumstances in a price only at the expense of artificial demand for it, that is, we ourselves make a financial bubble out of it. And while still wondering: where it comes from.

That will hardly happen because there are currencies with unique specifications and they are useful in their implementation area. Bitcoin will not be and should not be the only cryptocurrency because this is not how the free market works. Bitcoin is capable not only survive in the world of fair competition but it can remain number one in many fields while giving the way to other cryptos in the fields where they perform better.

I like your optimism and enthusiasm about the future use of bitcoin but unfortunately I don’t see it happening in the near future. People from around the world are looking at bitcoin more as a stock/commodity than a currency.
Reason is that BTC is in the hands of few materialistic and selfish people who don’t want it to be used like a currency as they have the fear of losing hold and more money with it. We saw Segwit then Segwit 2X and lightening were introduced for to keep their hold on BTC. All these things are hindering the mining of BTC. BTC could only be used as a currency when the mining issues will be resolved.

I think uses of bitcoin had never change only its value has change, untill now using bitcoin for transaction and exchange of goods is acceptable. For me bitcoin is in crisis now but we our hoping to it will back to its past value.

It is quite impossible to actually change back bitcoin as just a currency, a lot of time and effort has already been placed to it. Many of the people using it and I for one like how bitcoin is currently. The volatility of bitcoin and putting investments related to it is very useful to everyone and may be considered as additional source of income.

let's say bitcoin as an asset, just like money/gold be. basically asset can be used not only for transaction but people use it to invest, trade, and other activity for their income. so what the difference and the problem actually is nothing.

That is not a problem. It may not be now but that does not mean it would not be in the future.
Moreover, a lot of countries are already considering regulating it which apparently works hand in hand with legalization and as long as they realize it as a legal entity, a lot of things will change, we will get to see big institutions, as well as top players coming into the system, and then we will get to see a more matured market, but until then, we should not expect to see some of these huge volatility.

Yeah I also want the same. When all the people use bitcoin and all payments made though bitcoin, is the success of bitcoin and it will come back to its original use. The creation of bitcoin is for the purpose that the whole world will use just one currency in the future and that will be only bitcoin. People will be happy because of the easy use of bitcoin.

i think being a currency is just one of the many ideas why bitcoin was created, but since the whole digital system is evolving, even the world changes financially, every ideas evolve as it goes on the wire to present economic status. bitcoin is developing into more ideas and financially, it is coping with the aid of human needs and wants, bitcoin is ever-developing as the world evolve, more and more ideas will be developed.

Bitcoin is good and the value of bitcoin in the past were very volatile as compared to now and now a days bitcoin is demanding in many countries while the online merchants are also using crypto money for online payments and for me bitcoin is very lucky and if we do some work for bitcoin it is a good source of income for me as well. while bitcoin is coming back to it's original use as it was designed for a good purpose.

Bitcoin is now popular as the storage value rather than a currency in which peole are holding there bitcoin and not spending in daily use. They are waitig for the best price because they believe that a decentralized currency will become expensive as the supply will become few.

Because the price of BTC is very volatile.

People just use BTC to make a profit!

Money is a measure of value, and the price volatility of BTC is very difficult to withdraw money.

I think one of strength sides of btc which is deflationary nature, is also one of its biggers weaknesses. Its like gold, most valued utility as an investment, and a store of value if one was willing to take the volatility.

Bitcoin was created to AVOID banks and basically ruin them and you want the banks to use Bitcoin and even make BTC bank accounts? Funny.

A lot of new comers here in the industry have a misconception about the bitcoins because they thought that this is just a kind of investment but they are really not meant to be one. They are created as a currency that is why they are called the cryptocurrency and the bitcoins are the pioneer and before they are really been used to transact but as the people discovered the volatility they became a pure investment. I just want to say that dont be afraid to use the bitcoins as a transaction tool

I agree with what the OP is saying and I do believe some do use bitcoin as its original purpose. It is slowly being used as it is but slowly progressing because there are some countries that does not accept bitcoin as payment yet and although there are some countries which accepts them, it is hard to look for websites too that accept cryptocurrencies as payments and the shipping should be one to look out for too when purchasing things online.

Even accessibility where not widely happening yet, just think of having it still for future, like how bitcoin does before. The early owners and users benefit more in crypto.

It will be definitely used as the currency. I even suspect that people that stay online as they work on computers, will prefer to use exactly virtual money. It will be much more convenient for them.

Bitcoin has grown a lot expensive than it used to be and there is no doubt in this fact that early investors who not only bought bitcoin at low rates but also held it for long duration of time are now enjoying fruits of their efforts. The amount of profit entirely depends on two factors; the amount of bitcoin someone is holding and its time period. Bitcoin is a long way from being used just as a currency.

Bitcoin is indeed a crypto currency and that we should use it as a currency instead of using it as an asset but the thing is at this very moment, there are not so many people who knows about the concept of the bitcoin and the crypto currency because of which the acceptance rate of the bitcoin in different places is very low. However, we can really hope that things will be in favor of the bitcoin in near future.

I can't say that our society is ready to accept bitcoin as the currency today but in the future this will be possible. To my mind, it must be used as a currency as it has a lot of advantages compared to others

Yeah, a lot of people are still using it as a currency every day although so many people prefer it as a store of value anyway. However, we cannot expect everyone to think alike since bitcoin serves as both store of value and as a currency, but the greed and manipulation is all the things we will keep getting to see now and there is just no way we cannot until the market really ends up very matured enough to be used basically as a currency.

if bitcoin has to return to its original goal of making it difficult to make today because many countries forbid bitcoin in countries if their status as currency, unlike commodities, some countries allow it

Currently many people make bitcoin for investment instead of currency, and I prefer to say that bitcoin is a digital asset compared to currency because bitcoin can not replace the function of currency.

Not because of the greed that makes bitcoin a commodity to invest, all because of circumstances that require bitcoin to be an option as an investment. Some countries have their own regulation of the currency so that there are certain conditions to recognize a thing to be one currency has a physical, and bitcoin can not meet one of these conditions. I am more comfortable bitcoi considered a digital asset because fluctuations in price really resemble an investment commodity.

That is so true, it's biggest strength has turned out to be the thing holding it back. How long do you think it will actually take for some form of price stability to be realised? I think even with the scaling updates like segwit and lightning that only goes half way to making sure that bitcoin can be used as a currency

Yes I agree, bitcoin should return to the currency because the main function of bitcoin is to replace the current financial system we use, with increasing number of users so I hope that transactions with bitcoin continue to increase.

This is also want I wanted for bitcoin, to serve as currency not a commodity. But we can't blame the peoples interest in putting a value to something exxagerately. People are feed with greed, and we can't blame people for that. As a bitcoin and blockchain enthusiast. I technically use bitcoin as currency and never hold one. I invest into startups that runs ICO and I use currency as currency. The way they were intended to be.

It was possible some years ago here, when we had really much more less users than now, and I remember our motivation back in these years was to see bitcoin accepted by big merchants

I agree because it would be easy to use and accessible.
But it looks like it may happen will not see the present situation might be difficult if it's back to the beginning

I understand how the good the idea is. Hacking will be stopped if you only have one account. The reason is that you can be tracked. So security is a bit good compared to what just seems to be anonymous. The only problem on the other end is that if you are know with the money that you have you can be the center of interest for those who would be committing crimes like for example robbers. But that can be given solution. Being anonymous until somebody challenges your identity after being reported as a hacker and that after that if proven not guilty you are allowed to pick new address to hide yourself again. If guilty you will be sending back the coins you have stolen with your identity known as being a hacker. This I think will help resolved the problem of security and so much hacking.

As far as I remember satoshi developed it as just a prize currency and nothing else. So will you want to take it back to that? ;)

The protocol for bitcoin must evolve to use it back as currency, so if everybody starts to use their coins, fees will rise again, maybe even more than in december

This problem is not impossible to solve and will not live forever because Bitcoin is a currency acting and responding very rapidly to people and people are using it in order to save their money  so the problem is possible to solve. If some governments accede to adopt Bitcoin as a currency according to the agreement then Bitcoin will be stable and not remain unstable forever.

Maybe in the future we will use bitcoin only as a currency, but at the moment it is more like a method of investment, and not every country has a positive attitude towards bitcoin or use it as a means of payment.

Bitcs real motive was none of it. Their real motive was to be used as mere gift tokens. That ended up in so high expectations

It seems to be difficult into turning back, cause the minds of people are now on making bitcoin as an investment  not a simple form of currency. Even big merchants tend to rally its purpose  to the community but it feels that people won't listen into it.

Actually, it was not a problem and cryptocurrency does not have a weakness because there is always a way to earn profit, investing a huge amount on market when the prices are low is good and do the vice versa because they were both really profitable.

we are no one to change the fate. Destiny will decide what will happen with btcs not us.

Bitcoin now is more used in terms of money generating or profit earning system. People are buying and selling bitcoin for a purpose of making income rather than use it as a currency. Bitcoin is not only created as currency but also a a means of maming profit. This is the reality now.

Bitcoin is still considered as an asset nowadays more than a currency, because a lot of reasons. Bitcoin is not supported by most big marketplaces online until yet and also not supported offline and even banned by some countries. Using it as a currency in this conditions is very hard.

I think it is not that easy as you think mate. If this issue is just easy to solve, then it should have been solved before already. The thing is that, we cannot freely move to make any action because the government may interfere in our action that might change big time for bitcoin.
Let us remember that if bitcoin will be used solely as a currency, it will lose its value and shall not be considered as an investment. too bad that it will happen because that only thing that will happen to bitcoin then will be as form of currency.

I think Bitcoin is still used as a currency by so many people around the world, especially for trading altcoins, and also for completing the deals in the marketplaces which support BTC like the marketplace of this forum.
But some people still treat BTC as an asset because its high value and price.

I like btcs real strength, its fluctuations is the main cause that causing weakness and may change its fate.

It seems impossible at this moment. The Fiats stand in the way of btcs in fulfilling their real motive

If you want to use cryptocurrency for your daily needs then you need to trade in the market daily in order to earn more profit because some of the investors today are just using the volatility of the market and not pursuing the long term holding in order to earn more profit.

It was originally designed and created to serve as a currency but at the moment it is deemed more of an investment. Although popularity is growing acceptance and adaptability is slow but if we could somehow break this barrier then definitely its original purpose of being a currency would materialize.

Yes, I absolutely agree with this. If bitcoin is not primarily used as a means of payment, but will be largely used as a means of accumulating value, it can eventually lead to its complete or partial depreciation and then its digital gold will disappear as smoke. Many seek only to derive profits from it from its price growth and buy, hold bitcoin. However, this is a dead-end road, it can not lead to anything good.

Yes, Every country needs to follow some rules and regulation before accepting but if they legal Bitcoin, surely it will affect their currency. Maybe this is one of the reasons why the country doesn't want to legal Bitcoin as the currency.

The original and the real purpose of bitcoin is on deepweb bitcoin was used to buy and sell. In Silk road at deepweb you know what is silk road? Its a black market where those illegal things can be bought. Like drugs guns animals. Endangered species.  And even hired guns. Theres a lot of illegal doings at deepweb and thats how bitcoin was born.

I think that's really impossible to take bitcoin back to it's original use as currency, because investors are keep on hoarding it themselves for long-term investment

Bitcoin started as a currency, but it's more of a commodity now. One has to wonder if Bitcoin got more traction as a currency would it have been as popular as it's now as a commodity? Would Bitcoin prices have been much more stable than now where users would have been using it for day-to-day lives? Not likely. Not about Bitcoin vs fiat, but if you're living in a country with a strong and stable economic conditions, Bitcoin doesn't serve much purpose as a medium of exchange, other payment systems would do the job, unless Bitcoin transactions are that cost-effective, but yeah in a hyperinflated or a nation with a broken economic structure, that's where Bitcoin serves its true purpose as a medium of exchange.

With the expensive fees to just do a simple transaction using bitcoin it is not that simple anymore to use bitcoin as a currency because a lot of time passed by and we all see the evolution of the price of bitcoin and also the fee which is not convenient for all of the people who want to use bitcoin as a currency or way of paying someone.

I don't see a lot of people that hopes for another great merchant integration today, currently, people are talking about countries regulation and trading

I understand that Bitcoin initially was created as a currency but as time goes by, it is now more as an asset to a lot of people. It is going to be hard to take it back to just the plain currency. With the current price and value of Bitcoin, no wonder a lot of people can't use it as a currency anymore, I am guilty of that. Right now, even though I know that it is a currency, due to its volatility and the price value, I rarely, actually I am not using it as a currency at all. I utilize my coins as my asset for my long term investment and trading business.

Whenever you try to succeed in btcs by using it as local bits, you are bound to get ashamed by a group people for using illegal currerncy

No one needs bitcoin as a cryptocurrency, everyone needs bitcoin as a tool for speculation on the exchange.

It had to go through this to gain critism,  popularity, regulation and hopefully universal acceptance

What I see is that many people take Bitcoin as the investment, not as the currency. Yes, you can pay for many things with your BTC but are you ready to do it?

With limitation on supply, i think peoples will keep and hold bitcoin as investment. That supply will make bitcoin like gold in real world. If used for currency, peoples with limitation on internet will hard to used it and its better for them if they hold bitcoin as investment

I think If the price of bitcoin is more stable, It can be currency.
But I think bitcoin is an asset. Nothing is proved about it because our thoughts are set to assets, store value, trade, profit when we say "Bitcoin". If it's never going to be associated with that then I'm sure you'll use it as a currency as well without further evidence.

currently bitcoin only common to used for trade and for long term investment even majority countries in this world considering bitcoin only an digital asset so very difficult to see and called bitcoin used only for the currencies however i personally considering bitcoin can be used for both that for the currencies and for investment tool

as soon as bitcoin is at the level at which it approaches as a means of exchange, most transactions will occur not in the main network, but in second-tier networks with much lower commission fees.

Because of all that reason people became wise again making it as an investment. Manipulating the price by making demands go larger instead of continous circulation with the usage of it as a currency.

It is difficult to avoid ot since they see a lot of money coming in.
But the problem became larger when rich people came in. They want more. Trading back and forth with large amounts to manipulate the price.
Who can stop that since bitcoin is not controlled?
We will just have to wait for countries that will accept it.

Indeed. Now a days it is becoming even more and more unsafe or unstable to use. People will never look at the crypto like bitcoin as currency because their minds are already sat up with the one thing only and that is getting our investment doubled or tripled in short period of time. If they are already bound with such pyschology then I am pretty sure we have no way out for making BTC as the new currency. There needs be brain wash for such things to be reconsidered, but with the current values around us it seems highly impossible.

BTC's price fluctuations are difficult to use as a currency! And there are few merchants that end BTC payment, which also hinders the circulation of BTC!
To be like Japan, the state supports the development of BTC in order to make BTC return to the same as when the currency was used!

I also think that if bitcoin focuses itself on functioning as a currency. This will probably make the price and bitcoin value more stable in because bitcoin turnover occurs in many things not only occur in the market only.

Sure it started as a currency but it is also used as a currency like cash and a payment network just like how paypal works. It is used in either of the two and we cannot deny the fact that it helped a lot of users that uses it for payments. It is part of development so it naturally occurs.

Bitcoin has not strayed from that path, bitcoin is still a currency the reason bitcoin so far had more success as an investment is because we all can recognize its great characteristics as a store of value, but as a currency bitcoin is kind of slow, but this is going to be solved once the lightning network is operational, at that point its usage as a currency will eventually surpass its use as a speculative asset.

I can understand that the users have got greedy and thus no one wants to spend  his bitcoins for payments. But what about the people behind the project. I am sure that they must e holding good amount of bitcoins and they should set an example before the users. They should use that crypto to buy services and products from genuine sellers.

Also, there can be some sort of incentive for spending x amount of bitcoins. Problem with current way that it will kill crypto in long run.

I also believe the same thing. Until we come back to yhe full realization that Bitcoin is supposed to be a currency that will serve as a medium or portal of transactions, we'll be pondering about the market everyday. Though market value has influence, if we're able to make the use case realistic, we'll rather use the use case to determine a better market value.

Bitcoin is increasingly demonstrating its worth in the global financial market from a low value virtual currency to a very valuable asset in the market. I believe that this strong development is its reason and it will not stop because of the current investment needs and trends.

The market value is the only thing that matters for people.

Altcoins are the perfect example of why people don't care about what the underlying technology of these coins stands for, they just want to ride the peaks and then move to the next coin they hope is on the brink of exploding.

The exact same speculative hype happened during the dotcom bubble, where everything that was technology or internet related was worth orders of magnitude more than their real world application or product.

Bubbles are pretty easy to spot, and crypto currencies are going through one that has still not popped yet. Not sure when it will pop, but it will happen. Only a dozen or so coins/tokens will be left standing after the cleanup.

I think that in terms of bitcoin's popularity, it will be very difficult to replace the currency although human needs for electronic transactions are increasing. You can see that the crypto market is fluctuating continuously and is in the bearish cycle in the long run, so to be able to trade successfully is very difficult, the popularity of bitcoin is still very limited, Therefore, it will be very long time for Bitcoin to replace the currency.

Bitcoin or any other cryptocurrency will never replace the regular currency or the fiat currency that we have now because that is such an impossible thing because if that is the thing that will happen in the future then the government will see that as a threat and then they will eventually ban the cryptocurrencies to stop that threat. So i think there will be no trial for replacement so there will be no harm.

If Satoshi Nakamoto is watching how its creation has turned into a different path, he might be doing something to make its vision on his whitepaper to come true. Instead, bitcoin has become an investment scheme that turned people's lives to be better.

Bitcoin value fell and will rise again? people need to use bitcoin again as their daily currency like before,
But due to the high fee that seen before and the long transaction rate, bitcoin fall.
In due time this coin will rise again once Segwits are done to solve the problems.
Also Bitcoin Cash has some advantages over the bitcoin, nevermind Bitcoin is already a currency and the transaction fees now are normalized because of the bitcoin price but when BTC price will go up the transaction fee will be increased like we saw last year.

It is still being used as a currency, but it is an online currency (online money) So we can only make use of it online only, any other use apart from that is not permitted or not possible.

As for those who are making use of Bitcoin as an investment/asset, well, that’s what happens when you see that the price of something is fluctuating up and down, since they have seen the possibility for that, they have decided to start doing it. Especially whales are fond of manipulating price up and down.

I believe some people are using bitcoin as a currency while others take it as a commodity. I myself was using its both purpose, a currency and at the same time a commodity. Currency in the sense that I'm using it in paying bills and buy load if ever I run out of fiat money. And sometimes I just put it in my wallet and wait for quite some time for an increase to earn a profit before I take back my money. To get its true purpose as a currency we need to have a fixed value of bitcoin like our regular currency to avoid misleading and confusions.

I don't know I love bitcoin being like that, because I would like to pay with it in the store, but also I love to invest and trade it which I cannot do with a regular currency around here.

What ever happens to bitcoin in future satoshi nakamoto will still proud of hes/her creation as this become a worldwide currency and has been using by people all over the world and helping many users to have atleast even small profit,this is the vision creator satoshi wanted to achieve and now its happening

I agree with you because bitcoin is more to be an asset of Investments right now, then a currency. But what are we supposed to do in that process of reversing the Bitcoin? It is up to us I think.

It is not so easy as I am thinking to bitcoin to became a currency again because to be a currency it needs to have an acceptance in the country which would allow it to be as one.

Bitcoin in it's physical form , I think it will not be great,  if we have the I will call the Hard Copy of Bitcoin.  There  will be no difference between the fiat and bitcoin it wil just become a universal  currency.  and that will never happen  because every country have different state of economy.  The currency's value depends on the economy.

Bitcoin will be back in its price but the the way how it must be use.
Bitcoin now is getting up and it is better than last year.
 now we can make sure that every ups can be sustained and will have no delayed transfer like before.

Bitcoin has grown a bit and will continue, why people think that it is not a currency.

It will come back to its price, but how it must be used.
It's rising and it's better than last year.
Right now, we need to be mentally prepared with our own strategies to deal with it.

It is going to take a while for that to happen and it is entirely possible that bitcoin becomes something similar to gold, out of the two precious metals gold was the most valuable and this meant that the most circulated of those two metals was silver and not gold, so it is entirely possible that gold will not be used as a currency as much as we would like and that in the future another currency is the one that takes that place while bitcoin is mostly stored as a valuable commodity.

I think bitcoin will really have high chances to be a currency but because it is still not yet legalized in all countries,majority of people use bitcoin as a store of value,as making huge profits through bitcoin investments,rather than using it as a currency.

I believe the Lighning technology will give bitcoin a solid leap forward towards becoming a currency. With the Lighning transactions will be fast and extremely cheap so people will be able to use btc for everyday operations.

Satoshi nakamoto is just a screen name and the person behind cryptocurrency is anonymous, i believe that the person who invented bitcoins right now is very rich and hiding somewhere.

Yeah indon't believe satoshi nakamoto is a real person as well the the guy or the people who created btc may have even intended bitcoin to be like this. We'll never know for sure but i don't think it's time yet to consider btc as a currency. Probably not in a couple of more years.

I'd love to use my Bitcoi. But then again, utility companies don't accept bitcoins, groceries haven't heard of bitcoins even my insurances don't give a damn about it. I mean yeah internet related transactions are good but I don't have any transactions over on the internet. But like any other fiat, you can always invest on them.

I suppose that the purposes of using bitcoin is different depending on each person's aim. Some would find bitcoin a useful and efficient mean of currency while others might prefer to invest in bitcoin and earn profit from it and some would use it in both ways. But since the price of bitcoin fluctuates too rapidly and dramatically, people are easily drawn to the considerable amount of profit they could gain if they invest in bitcoin. Moreover, in some parts of the world, bitcoin is not recognised and supported as a legit currency by large companies and governments, so people in these places may find it hard to use bitcoin as a currency.

The problem becomes complicated, because volatile price changes and decentralized nature are part of the factor most countries are reluctant to accept bitcoin. If this part doesn't exist in bitcoin, certainly many countries will accept bitcoin as a payment system, returning to their original properties as currency. But now it is too late to change that, because until when bitcoin will remain as it is now. Even I like bitcoin like now, many functions other than as payment system.

Some people are using it to buy products and markets where they prefer to transact through online. Bitcoin is still the same currency and nothing have been changed. We don't have to argue about this because it is what we are all really after.

yes not every one is aware of bitcoin but as lomg as bitcoin has a value it will become currency soon. Try to google about pundi x, i heard they will make hongkong merchant to be able to accept cryptocurrency in 2019, if im not mistaken.yes its still accepted im few place so its still currency  and i believe its just like dollar and euro and bitcoin just a different kind of currency.

Ya that is exactly what  Bitcoin started, but it doesn't mean because of the Price sliding down continuously it will back to the starting Price again I think its no, because of the Year Change, Technology Change, People also Changed into a higher level standard Bitcoin Price is not Going Back to normal Starting because 2009 are limited user compared the volume of bitcoin User now. Am I right? so I think Bitcoin is not going Back to the Price 2009.

Still, there are many things to undergo about the process because still, the government are not giving any clarity about the whether the merchants should accept the Bitcoin or not. Once we get approvals from the government definitely merchants will start accepting the Bitcoin.

I whole heartly agree. I have always talked about thats the biggest issue about bitcoin. People use it to make money, buy low and sell high. However bitcoin is a currency itself, not something you use to make money. It is money itself. If we keep doing this and just buy and sell bitcoin than we will never have a great and successful "peoples coin" for ourselves and always use the fiat currency the governments fully control themselves. We need to realize the big potential bitcoin promises us.

Bitcoin would be used more and more as commodity rather than currency, it costs really a lot. Maybe some altcoins will be used as a payment method and they will be depended from the price of bitcoin. Otherwise bitcoin is really difficult to use as a payment method.

I`ve seen another topic it's saying that bitcoin is a vehicle and we are those who run it, so if it is true we need to run bitcoin towards being a currency and negotiate with government forcing them to accept Bitcoin as alternative currency.

Since bitcoin has launched last 2009, it is the very desire of its creator (Satoshi Nakamoto) that bitcoin will become a currency that is an alternate to fiat. But the creator itself didn't expect the turn of events that made bitcoin more of an investment than being a currency.

I think it's hard to bring back the old ones. Because much has happened today and the price of bitcoins is high. And some have changed their beliefs. Now this is done by the asset and they buy at a cheap price and sell it at a price. So what's happening is pump and dump, especially the whales who are really freaking out now and manipulating the price.

When it comes to that of the bitcoin, I think of it to be much more than simply a currency and that the ones who are investing their money into different crypto coins especially bitcoin is doing it as they think of bitcoin to be a very good way of making a steady income as well beside using it at different places to buy the things which they need to have. Bitcoin can indeed bring wonders to this world.

No one would dare to buy the 1000 years later also did not increase. But only rumors are rising to buy and it will increase, Whale continues to hold cheap goods while on the rise. And the balloon continues to stretch. To reach a level that would cost billions of dollars, he would sell out and continue to break. Period only. Adding to the tightening of nations makes it even more difficult.

Now it is impossible to return bitcoin to its original value - currency, because a huge number of people collect it!

Not only you but hundreds and thousands of people who are loving bitcoin for so many reasons. The thing that is different, choke and matter of fact that what suits them most relating bitcoin. Some people just love bitcoin as it is sourceof income for them and they are earning so amazing form it. But some do like it as it becomes more suitable and easy way for payment.

First of all… you don’t just call it a “Currency” because it is not a currency rather it is a cryptocurrency. And there is a difference between cryptocurrency and currency. Bitcoin main purpose was for it to be used as a mode of payment (sending and receiving money peer-to-peer) that’s the main use for it, but things changed it is now also being used as an investment.

The fact that is being an investment is what attracts a lot of people, especially investors and it also makes our community to grow, so it’s aright as it is.

Why should think narrowly if bitcoin is more profitable with its status as a commodity, instead with its use in investment will increasingly increase the public interest to have bitcoin this will also make bitcoin prices soar.
The use of limited bitcoin just as a means of payment alone will make the market trend down, because it seems boring.

It is still a currency ,if bitcoin will be use for another uses that is profitable to the holders of bitcoin, well thats all good , if it will not make some damage or errors to the investment then ,continue because in this business investors would be profitting for their investment.

Truly, and deflationary coins conflicts with our expending society, where we need to spend our cash which loses esteem. As we as a whole need to keep our coins, having bitcoins as worldwide money would execute the expending society.

For bitcoin, the convention must advance to utilize it back as money. On the off chance that everybody begins to utilize their coins, expenses will rise once more, perhaps significantly more than december, so all day by day buys will be relatively incomprehensible. It was conceivable a few years prior, when we had extremely less clients, and I recall our inspiration back in these years was to see bitcoin acknowledged by enormous merchands (like steam, microsoft, amazon, paypal incorporation? ). I don't see many individuals seeking after another awesome shipper coordination today, at present, individuals are discussing nations control and exchanging. Appears like bitcoin utilization and objective has changed, surely.

Electronic money will dominate the financial markets. Its application is fast and convenient to shorten the time of other transactions on the internet. And imagine that when you buy something online there is a list of payments by bitcoin that is great. The digital age of territorial nations that need to be adapted and applied to the nation will grow dramatically.

This is going to be the case for some time but I really think that things are going to change in the next years and decades, adoption is not something that you can force out of people, they do not see the reason for adopting bitcoin yet but they are going to see it in the future when there is an economic crisis and they understand it was because of fiat currency.

No ofcourse it's possible the only question is when would it be

As i believe this may happen when the adaptation of cryptocurrencies take place al over the global since the usage of crypto or bitcoin is only limited as of this days.

When time comes that this coins will being used for transactions in anything then thats the time for this to happen

Having crypto as a currency is not a good idea, so I don’t really think you’re saying the right thing. We can use them as a payment method between friends or for making payments online and in stores, but for it to be used as the real currency, I don’t support that kind of idea.

There is nothing wrong with the way it is being used, at least we are earning income out of it through this way, it is an investment and also a method of transaction.

This should be one of the things that we should have promoted here and not what we are seeing today. Many of us has seeing bitcoin as investments tools and not as currency. We are concerned about how mush we would make from the push or fluctuations in pricing. Bitcoin been used as an assets to trade or invest for high profits will undermine it values and it positions as a currency.

for that there must be a product that is willing to accept bitcoin as their official payment, so that everyone who will buy the product must use bitcoin and definitely other products and companies will follow that step.

There are a lot of products or platforms that accept Bitcoin.

As I said, there are a lot of products that accept Bitcoin as a payment method but nothing has changed. Steam accepted Bitcoin in the past but not they stop that because of the fees. If that will be the case, then I think it should be used by a lot of people now as a currency but that is not happening because most of the country can't support that kind of transaction every time.

I hope bitcoin could come back at higher price about $10,000 and will have positive effect for all altcoin could raised to higher price again, many time almost all of altcoin at lower price because bitcoin still could back at higher price.

Yeah adoption will continue to happen, and you can't use someone to use bitcoin for currency. in fact bitcoin can be used for many things, and that's good because it's multi-tasking. so the point is no need to make a fuss about using bitcoin, because everyone is free to use bitcoin for anything

Yes it needs to be but not in the way as OP says,because bitcoin is decentralized so we can have the freedom os using money so when we are restrciting the creation of bitcoin addresses and lonk our bitcoin wallet to bank will make obsolete of the decentralization.

Its true that this need more time. Bitcoin is popular currency in internet but not in real world. Not many merchant knowing about bitcoin and not many government allowing bitcoin as currency in merchant. Adoption will happen but its not happen in short time and need more time

Well, adoption keeps on increasing as the need for bitcoin and acceptance all around the world is going high. Bitcoin as a mainstream currency takes time to reach the global market. As of now very little people are aware of bitcoin in comparison to the fiat usage globally.

Anonymity is what many came to this market, hoping that they can hide their identity while working to earned money, if that will be compromised
as integrating with banks required you to provide your legal ID's then the essence will be lost, we have to be positive that the system itself will be
adopted without any changes with how the way we knew it.

Things will happen accordingly, it's just need to have some time and understanding.

banks are partners of the government that support the stability of a country's economy. it is certainly natural that banks must know the ID to maintain confidentiality. I think it will be a good step if the government supports it, and this can support a country's progress from the tax sector. I think the government is headed there

The problem with bitcoin is on government regulation in many emerging country. Beside that, many country regulate bitcoin as commodity not as currency. I am agree, bitcoin need more time if we want to use in merchant as currency.

Bitcoin increasing in price would make it stray further away from being a currency. If price increases, people will tend to hold their coins more so less bitcoin is 'moving' in the community. This is counter-productive since a currency is meant to be spent not hoarded.

Electronic money is a broader term, there are payment gateways as well as centralized solution as well as online banking and many other option to carry on a deal, but our aim must be to spread the word about a decentralized currency that could be used world wide and can be used in trade without much obstacle and with a lesser transaction fees nor you do not need to shell out conversion charges, basically to use bitcoin as the currency for online deals, no credit card leakage nothing, its completely safe and secure.

Bitcoin is a digital currency, proven by the acceptance of Bitcoin for payment of various types of goods and services in various countries.
What is still a problem is the difference between countries in dealing with bitcoin, meaning that there are countries that accept but there are those who refuse. While those who received the regulation still differed from one country to another.
This is a bitcoin problem that must be overcome for the advancement of bitcoin in the future.

right, because there has not been an agreement from many countries making the fate of bitcoin still in the struggle until now. but we also have to be aware that each country has its own constraints. therefore hopefully bitcoin can be received immediately

Every country have different perspective about bitcoin and thats why not all government allowing bitcoin used in merchant. Its need time for every government to regulate bitcoin because banks must be oppose government step to regulate bitcoin as currency

Sometimes I also hope to use bitcoin as an initial goal, which is to become a currency
even though I used my crypto currency to buy some mining machines.
but I did it online. because this country's government regulations prohibit making bitcoin to be used as a legitimate financial transaction.

As far as we all concern, even though we want bitcoin to be a really functional currency worldwide, there are still some hindrance on how it doesnt make happen like illegalization of other countries and lack or funds and resources to produces upgraded gadgets to be a crypto bin. For now,we are contented about it and still looking up for the progress it brought us everyday.

for the current position, it will be very difficult to make bitcoin become the original currency. because the growth of the value of bitcoin is very good and makes everyone actually make it an investment asset that has good prospects.

Definitely, Bitcoin needs more time to work its way out in order to be used by many as a form of currency. Every country has a different perception about Bitcoin and that is why the governments accept Bitcoin whereas others don't. But with time as more developments set in the Bitcoin Blockchain such as the Blockstream Satellite development which will enhance offline transactions with Bitcoin, people will begin to patronize Bitcoin using it more often on the offline mode in purchase of goods and services.

to be used as a full currency, of course all countries or most countries must legalize it. and to make it indeed requires not a little time, because indeed every country has their own views. and also every country has different constraints, therefore we must be patient to see that happen

Of course, if Bitcoin will continue to be used primarily as a means for investment and storage of value, then over time it will inevitably collapse. This is a dead end road. It needs to be developed and used precisely as a currency, as a means of payment, then it will have a good perspective.
Now it is still very weak legalization of cryptocurrency by the states and therefore the infrastructure for using cryptocurrency as a means of payment is practically not created or this process is too slow.

I think cryptocurrency must be developed every month and make the cryptocurrency be optimal again, so that it will have an influence on the cryptocurrency price movements because more and more will interact between buyers and sellers in the exchange.

If we analysis on bitcoins, we will see that it has failed to become the main currency anywhere. There are many forces which do not allow or do not want that bitcoin should become the real currency. These forces includes banks, governments and other finical houses who do not want this transformation to happen. They are of the point of view that if this happen, it will be a threat to their own ecosystem.

When we are suing bitcoin as an investment the prices will be like this keep bumping and dumping forever,so there need to be something occurs to accept it as payment.

But the good thing from the long bear run is lot of investors who came here to make short term profits were elimited now there are real crypto enthusisat were in action.

Bitcoin as crypto world in general evolved, it not just bitcoin its technology evolved. Finding more and more usage everyday. Banks and government can say that they dont approve but eventually they will used it and they are developing something similar to blockchain how will this be possible and how will it work no such intel but they are trying to take this market even by force. Cuz control is prime with banks and governments.

This is only a way for some countries to make a new coin that will beat Bitcoin and be used by others later on. You can see for yourself that there will be new coins that will rival Bitcoin.

actually there is no intimidation for you to use bitcoin for currency only, anyone can use bitcoin for anything, isn't that a function of decentralization? dont need to force people to only use bitcoin as a currency, after all whatever they do, it will certainly add to the bitcoin market crowded right?

It actually bitcoin will be used as a currency and that is really the intention of its creation but it turns into investment for the main time that crypto isn't accepted as a form of currency. But I do believe that from the time it comes, people will this and consider bitcoin as another form currency just like of fiat.

As the initial purpose of creating bitcoin ten years ago was to create digital currencies that could be used throughout the world. So the goal is indeed digital currency.
If in the next development creates new opportunities such as trade or investment, it is a positive impact of public trust in bitcoin. That is, bitcoin provides added value that can increase revenue in addition to its main function as a digital currency.

Rather than a digital currency the main purpose was to serve similar to payment gateways. This further got transformation when the value the block holds is being used on several underground services to stay anonymous. Now it has got multiple usage and the large scale usage is getting served as a virtual currency. This will last forever as a currency but not as mainstream.

actually, there are many people or companies that accept bitcoin for financial transactions that they do, but some countries do not legalize the use of bitcoin so that citizens of these countries do not dare to violate these rules.

Well obviously most people wouldn't want to transact with a currency that swings in value hard quite often. That kind of movement is suited for trading where the fluctuations can be taken advatange of for making money. I think btc is not yet ready to be fully seen as a mode of transaction.

Bitcoin started from zero, nobody knew about it, now you can drink a beer in some bar and pay for it in bitcoins, litecoins, dogecoins, or you name it:
https://i0.wp.com/bitcandy.io/wp-content/uploads/2018/11/unnamed-2.jpg?fit=1620%2C1852&ssl=1
I want to see global adoption too, but where`s the hurry? Just cause bunch of us here like it and have it means that everyone else should too? You think that everything in the history is accepted with lightning speed? Things are moving in a good direction. Slower, sometimes faster, it`s going and there is no need for hurrying, pushing, in some places it`s happening already, it will spread to others sooner or later.

the bitcoin is a fast payment method, agile and without limits geometric, yes to min I sweat my satoshis for transfers and payments!

Yes this should be what is so suppose to be done by people that is if we wanted to make it useful. The reasonable and appropriate use will be the best thing to do during this time of the year when everything is not quite well. People should be educated to use it wisely if we want the service or the technology to work in the way we want it to be. Whales should not be there to be very greedy they must use it with the way it is intended to be.

some people ready to use it as currency, but it have up date price, bitcoin dont have real price, so people will take the advantage from it, buy and sell bitcoin to gain real money. if it use as real currency that have stable price, i think they are not ready for it, because bitcoin is profitable.

As long as people believe that they are going to make a profit from bitcoin then it is a commodity. Also the fluctuation in the bitcoin price makes it a commodity. Currencies do not used to have so many fluctuations in their value, so I think that your statement is wrong. If you need a currency you need a crypto which will have a stable value and it will be dedication to daily usage.

Op,  your ideas especially the single Bitcoin address for each individual are extremely dangerous. I think some of guys do not take into account the disadvantages of your ideas on society.
What sort of society do you plan to run with this? A murderous fascist society?

Why can't we make bitcoin a commodity asset for trading? Whereas fiat currencies can be traded in various markets. I think the use of bitcoin is returned back to its users because they have the freedom to use bitcoin either as a currency or as an asset as long as the bitcoin is not used for a variety of negative things.

This will be a gradual process for Bitcoin to go back to it original use, as the adoption rate increase, there will be an increase in it's use as a currency for global transaction, when BTC become stable then we can be sure of  of it been accepted as a currency.

In my opinion. at present, bitcoin cannot be a currency like a conventional currency. the majority of the whole world uses conventional currency to transact and users of crypto currencies only consist of certain groups or certain groups so that for now the use of crypto is only limited to trading commodities such as stocks. and all countries still prohibit using crytpo to transact.

Bitcoin will comparing to the gold show the nature is always been more developed for Bitcoin so I could be a good comparison because the gold is more expensive than anything and it is more trustable that's why Bitcoin is also been more popular and it's compared to Gold I trust the value will definitely came to normal very easily.

It will be difficult to install the system to make payments through Bitcoin. Because, we need a separate device to calculate such volatile price every second. Also, as the price increases over time and becomes more stable, it will find its place.

Right, the main problem is still it's volatility nature of it. Well there is Bitpay (a bitcoin payment service provider) most merchants are using it so it's possible as well to accept bitcoin as mode of payment or as a currency.

But most merchants are still afraid to accept bitcoin though, they think they can lose in the end because the price is really unstable. But bitcoin is growing, every year, it could be a dilemma but in the next 2-3 years we may see more merchants accepting it, so it's going to be a win win situation for us.

Bitcoin is indeed a digital currency that can be used to pay for transactions in countries that legalize it. But it turns out there is another side of bitcoin that is attractive for investment because it provides a pretty good profit so that there are those who have it for investment, but there are also those that are used for financial transactions.
This condition is very good because it will attract many people to have bitcoin which will eventually become more popular and increasingly sought after, then the price will increase.

As the Lightning Network gradually reaches its full development with the imminent Blockstream Satellite development which will facilitate Bitcoin offline transactions, Bitcoin will gradually enter the mainstream adoption as a currency. Every year, there is a record of new stores integrating Bitcoin into their payment systems. Gradually, Bitcoin will get there.

Bitcoin is indeed a currency, but i think we need more people and shops start using it and put the price on bitcoin, and more people will start using for payments, and in that way can be used like a currency.

I agree, bitcoin even at this point is not ready to be adopted by most people around the world, it is simply too slow if you want to make transactions that need a fast confirmation, however bitcoin is great as a way to send money from one side of the world to the other in a relatively short amount of time with low fees, but the lightning network will change all that and it will make possible for us to engage in micro transactions once again.

I think the highest role holder for bitcoin can be used as a currency is the government. by regulating it, it will certainly have a major impact on the use of BTC in stores or companies in the country

Bitcoin evolved as a token that doesn't have any big value. Earlier it was given to users as a giveaway. There are history regarding people not knowing the true value of bitcoin, someone bought a single pizza for 10000btc. Later slowly it termed as a value transfer system and further got used as a currency. This way bitcoin doesn't have anything specific, it has got multiple usage.

I don’t really think so. Even if it starts to be regulated, people will still be using as an investment. Being regulated can only make it, maybe, better than what it is or maybe not (the main purpose of Bitcoin is to be anonymous and not being controlled and a lot of people are against it being regulated.). But, being regulated means that institutions will start to invest in it.

Based on my experience, people don’t want to use Bitcoin/cryptocurrencies as currency or their main method of transaction. I have asked some people before on whether they would like to make use of cryptocurrency for making transaction, and their reply was that they can’t, because there’s already banks and other safe methods like PayPal that are meant for such purposes. They just prefer that cryptocurrency is an investment.

When does Bitcoin require and pay attention to their users to only use bitcoin on one thing. Isn't decentralization of bitcoin giving you the freedom to do whatever you like? So you and everyone do not have the right to limit the use of bitcoin for any purpose to someone #imo

Bitcoin is profitable because the current conditions are few users and the government legalizes it. so that with increasing users and increasing demand make the price rise. maybe later after many countries legalize BTC it will be more stable

this moment will coming in near future.there will alot of government legalize bitcoin and take taxes from it as source income for their countries.investors will get certanity from it and maybe will put more their money here.

Bitcoin should back above $20,000 and make many investor will be glad with bitcoin situation where could raised to higher price, its the only way how to stop bad news of bitcoin for all investor.

Bitcoin has many uses and making payments is just one of them. Satoshi has never said that Bitcoin should be only used as a currency. If that was the case, then there would have been no limit on the maximum supply. Since Bitcoin is protected from inflation, it is natural to assume that it can also be used as an investment asset, or as a store value of money.

Agreed, also that is what most of us has been practiced for how many years, as an investment and you can't actually change them on how they think. All of us wants to earn money, and btc is one of those that can give us profit. Also, we are not setting aside btc as a currency, if there's a lot of store or online shopping in the near future that accept btc, we're gonna use it eventually.

You say that in order to stop bad news about bitcoin, the price of bitcoin must reach $ 20k while the one that can increase the price of bitcoin is the investor's own trust. I think there must be another reason so that the price of bitcoin can be pumped for the price of $ 20k

Yes, unfortunately, today Bitcoin is used more as an investment value, and not as a currency. There are many reasons for this and above all - the desire of the majority of people to extract the maximum profit during the long-term storage period, as well as the slow legalization of Bitcoin by the states, as a result of which the infrastructure for using Bitcoin as a means of payment is developing very poorly.
It seems that this situation will not change in the near future.

My opinion about the Bitcoin in today situation is it was the most expensive and more valuable investment and the profitable currency ever when comparing to the normal country currency had so much of development in it that's why people are getting involved with their savings in future it may be the best in this world.

We expect the development like that 2017 but we cannot accurately say it will happened again but we need to accept anything that happened to bakain in this situation then only the success will make you more investment again and the value will definitely increases

Yes but bitcoin is kinda very slow if you consider the scalability of the network.
Due to that fact it is very hard for it to be used and adopted as a currency and this is the reason why people have started using it as digital gold in a way of storing value. Of course, lightning network is a thing but it is not reliable to my eyes.

I am also sure the price of bitcoin will also return to its position at a higher price. because bitcoin is also the best coin and also the most popular.

There's should be a lots of factors in order to bring back the hyped and build once more investors interest, bad news though is jut part of surging movements of Bitcoin we all don't know what will satisfied them, even the maret rise high back 2017, there's still bad news that showed up so why
being bothered, the industry will keep moving, the cycle will be there to continue.

with bitcoin fighting this 2019, hopefully making investors recover their trust in bitcoin. We know that 2018 is a difficult time, so many say that BTC has a bubble, and finally it's no longer worth it, but this time we can see BTC rising again, and hopefully good news helps it

The truth is that bitcoin isn't use for what it was meant to and in deed we should look back to the original btc whitepaper.

In order for Bitcoin to become widely used as a means of payment, it is necessary for business structures to be interested in using cryptocurrency as a means of payment. Now for this there are no necessary conditions. First of all, we need the legalization of cryptocurrencies by most states. This happens, however, very slowly. For business structures it is necessary that the use of cryptocurrency does not cause issues in tax and other regulatory bodies. Only then will the infrastructure for using Bitcoin and other cryptocurrency be developed. In addition, there is still an insoluble problem of high price volatility of cryptocurrency, and this greatly hinders its use in business. Business and high price volatility are incompatible with each other.

That kind of thinking is what gets many investors in trouble, they believe that a coin should have a price and they invest based based on the fundamentals, and while there is nothing wrong with investing in the fundamentals since there are several investors which prove that works, many do not have the patience to hold long enough to see their predictions materialized.

Bitcoin will not be able to be fully used as a means of payment until the states legalize it, its legal status is clearly established, the procedure and conditions for its circulation are determined. Only when the appropriate state cryptocurrency regulation authorities start working will there be an opportunity to develop the cryptocurrency infrastructure as a means of payment. The conditions for this have not yet matured.

If bitcoin mostly used as currency then the price will be more stable. But since the price will tend to rise then you can't force people to hoard it or trading it. It is simple demand and supply rule that applying on bitcoin now. Since the liquidity of bitcoin is still low then the price fluctuations is unavoidable, this condition attracts people to do trading. Traders look into profit from bitcoin by take  advantages of bitcoin volatility. Nothing to do with it. But atleast bitcoin is also used as medium of exchange in some online business. so I think it is still okay.

If bitcoin will be used as a currency , people will buy and sell bitcoins actively which means the price will rise and fall more oftenly  . by that , how can you say that the price will become stable ?  The price can only become stable if people will continue hodling thier bitcoins and that is what they are doing right now  . didnt you see that the price is stable at 5k+usd ?   However , bitcoin is still a highly volatile type of crypto and at the price can still fluctuate at some point .

Bitcoin is used creatively for many years. that was an incident when a guy paid for pizza a total of 10k bitcoins. and there is also another famous incident like when on 2013 a guy earned 1million bitcoins from satoshi dice at the highest payout when he bet 2bitcoin. in order to make it creative again, some of us have to use it in the real world that will inspire others to use it too, Be an example for others and this is a great opportunity for you.

Yes it will be the original price for Bitcoin and it will be the goal also for the Bitcoin to be at you from this situation and the possibility is not been very difficult target to achieve and I hope the end of the year will double the original price for Bitcoin.

It's actually rational behaviour.

Imagine you had $20,000 worth of gold coins and $20,000 in dollar bills. Which would you spend first? The dollar bills of course, because historically they've lost their value over time against gold. Basically you lose nothing by spending the dollar bills first and then the gold, and you potentially gain a lot.

Now consider if you had $20,000 in bitcoin and $20,000 worth of doge. You'd spend the doge first and keep the bitcoin, because again, doges sometimes drops against bitcoin and if you had to bet which would survive it would be bitcoin.

Partially, Bitcoin can already be used as a means of payment, but the fact is that now many people store Bitcoin as gold and do not want to spend it.  Now he acts more as an investment instrument in which people invest their money in the hope of selling later at a higher price. I think that over time, when its price keeps above $20,000, and the volatility is lower than it is now, people will more often use Bitcoin as a means of payment. Because while everyone is waiting for a strong price increase, you should not expect that those who have Bitcoin will start spending it on food, entertainment, things, etc.