Bitcoin Forum

Discuss about bitcoin and cryptocurrency. For me, this is an interesting topic because bitcoin issues are often the talk, including confusion in many quarters. What is cryptocurrency? What is bitcoin? How does the regulator respond to the development of the current crypto currency? And how is the bitcoin phenomenon going forward?

In its purest form, cryptocurrency or crypto currency is a kind of electronic cash that can be sent directly from person to person (peer-to-peer) without going through financial institutions, or banks. Generally if we are currently sending funds or money to other parties, of course, must be processed through the bank. In this case, the bank serves as an intermediary. Well in this crypto technology, the payment is made directly without an intermediary. Transactions conducted between two parties in a network are then verified through a specific encoding process or cryptography. Well, Bitcoin is one of the existing cryptocurrency types, and is popular. In addition to Bitcoin there are more than a few crypto currencies similar to various names, such as ethereum, litecoin, etc. Many of these crypto currencies are short of devotees until they die one by one. In Bitcoin, if there are transactions of two persons, the other party in the network that can decode or verify the occurrence of the transaction, will be rewarded with bitcoin. This step is known as mining bitcoin (mining).

From what I've learned before, that David Yermack, researcher at the Bureau of Economic Research, New York University (2016) that bitcoin still fails to meet the criteria as a currency. It cites the basic functions of a currency, the medium of exchange, the a store of value, and the unit of account. Of the three criteria, bitcoin does not qualify as money. Yermack doubts that bitcoin can be a currency or means of payment acceptable to today's audiences. I agree with the analysis. If we look at bitcoin volatility in recent years is very high, much higher than the existing currency. This has an impact on the difficulty of calculating the short-term risks of bitcoin. In addition, the exchange rate of bitcoin in the day to day does not correlate at all with any currency in the world, nor with commodities such as gold for example. This makes bitcoin useless in risk management and difficult for the owner to hedge.

Let's look at one by one the money function on bitcoin for more details. First, as a medium of exchange. Bitcoin has no intrinsic value, so its value will depend largely on its usefulness in the economy or consumption. But in reality, today is still very small parties who use bitcoin in everyday life to make various payments. Few traders (merchants) are willing to accept bitcoin. Some countries such as Japan, for example, allow bitcoin to be used as a means of payment (not as legal tender or legal currency). But if we go to Japan, just a few, not to say very little, the store is willing to accept payment with bitcoin. Especially in other countries, including Indonesia. In other words, payments using bitcoins are currently very rare.

Second, as a unit of account. For users or buyers, we certainly look for ease in buying goods. For example, a bowl of chicken noodles cost Rp 25 thousand, a cup of coffee costs Rp 15 thousand. This will make it easy to calculate. But in the use of bitcoin, various problems arise, mainly due to its extreme volatility. The value of bitcoin can vary drastically from minute to minute. This makes it difficult for the seller to determine the price of an item. In addition, there is no uniform or fixed market price associated with bitcoin. I also tried to check on some bitcoin markets around the world, and the prices vary. This disparity, in the theory of market value, violates the law of one price for a currency. Why breaking? Because it is open most likely people to do arbitrage in the same market (buy cheap and sell high in commodities and the same time).

Third, as a store of value. When a currency serves as a store of value, the owner certainly has the expectation that the currency he holds can be obtained easily and can be redeemed for future goods or services as needed. The economic value of goods or services purchased in the future is expected to be equal to the money used or stored now.

From the above analysis it can be seen that Bitcoin, according to Yarmeck (2016), still can not meet the criteria as money because it has the deficiencies as above. Generally people currently hold bitcoin instead of being used as a means of payment, but rather to speculative investment. Bitcoin is also increasingly difficult to accept because it is disconnected with the payment system and banking in many countries, because most authorities in the world forbid it to be used as a means of payment.

Great post. I think the answer is in what you have stated .... the volatility. Based on that, the simple answer is NO. Bitcoin can never be currency as it currently is, no more than oil, gold, silver or pork bellies. Think about it,  buying something for 1 bitcoin 7 months ago equaled roughly $20,000. That same item would cost about 3 bitcoins now or $60,000 end of 2017 prices.. It fails on all 3 measures you mentioned, medium of exchange, store of value, unit of account.

Bitcoin is a means of wealth transfer, no more no less.

The only value Bitcoin has is still measured against real currency such as US dollars. Unless you expect the value of Bitcoin to drop vs USD no-one should be buying anything using bitcoin. Also, if I expected the value of bitcoin to rise, as a seller I would definitely accept Bitcoin as payment to take advantage of uninformed buyers. Seems the sellers are losing now, but that will change because this is still a young market and bitcoin has a long way to rise.

Due to the volatility of bitcoin's value as of now it will never be worthy to be a currency. For me personally I find bitcoin more as a store of value rather than use it as a currency for the fees are so high and sometimes slow transactions speed. Maybe few years from now when its value will be more stable then we could say that bitcoin is really worthy to be come a currency and use it in our everyday transactions.

Bitcoin is one of the lead coin of the market on the cryptoworld ,then it can be worth to be a currency because it is circulating  in the internet, and it had a big price value enven if it is volatile then it can be ether used as investment and payment ,like any other currency.

Sure, it is our treading currency and It will replace fiat currency one day

thanks so much for you sharing. For me, Bitcoin will always be a currency because it's really useful and it can give me control over my money

Bitcoin is already accepted as a digital currency and many shops, stores accept it as a payment method. But no country accept it as fiat money as far as i know. In real life, Bitcoin now likes a high risk asset because its price is high volatility. If there is any cryptocurrency accepted as fiat, i think it'll not Bitcoin.

A currency something that is exchanged for goods and services by a large group of people. As the number of people having belief in Bitcoin is increasing, its authentication as a currency is also increasing. I agree that Bitcoin is highly volatile at this point making it difficult for the microtransactions to take place in the market but there is a reason for it. We are still in the basic phase of development and this innovation is still evolving. Things will get better down the road and we will see sustainable growth in the price and with the increase in mass awareness among the users, we will see less volatility in the price.

Great post! Thanks for introducing me to David Yermack's paper. Pity I don't have any sMerit on me; Yours is the kind of stuff that deserves Merits aplenty.   :)

Volatility only exists because we still compare the price to fiat. And not with other products. When Bitcoin become more used around the world, the price will not jump like this. We are just seeing the speculation price because nobody has any idea what is the right price. But I do not think Bitcoin will ever be a universal currency that will dominate every market. But BTC could become a currency accepted everywhere as a second currency. It will be easy to tourist around the world using Bitcoin as a reference.

bitcoin has good quality and quantity, sometimes corrections like today make us pessimistic, and think badly about bitcoin.

but, please believe now, the process of getting better is still long, I also believe that bitcoin will be perfect after passed many exams. after graduating from FUD bitcoin will become a very important currency and has a high value.

Why not ? Bitcoin is currency because bitcoin transaction id really fast and cheap. It also allowed to pay in some countries

Bitcoin is a profitable coin, It can help people worldwide improve their life a lot. So you should think about your post again

Absolutely Bitcoin is currency. It is stable store of value

In my opinion, it should not be because it has many loopholes and is very risky

For me NO, in a good reason. If BTC will be approved as a currency, government will be adding it into your assets and if it is added on your assets definitely you will pay taxes. We all know that BTC has that outstanding value of thousands of dollars then if your country has a 10% of tax for every asset you will probably loss so much of money just in BTC.

I agree with your statement that bitcoin could become a second currency only and be accepted anywhere but could not replace whatever monitary
unit a country had and one of the biggest reason is its volatility.

A good post, it's very difficult to accept Bitcoin as a legitimate currency, because the cost is very high and sometimes the transaction speed is slow. the volatility of the value of bitcoin will now never be worthy of being a currency. For me personally I find bitcoin more as a store of value than using it as a currency. maybe we have to be more patient and just enjoy what bitcoin provides, there will be a possibility a few years from now when the value will be more stable then we can say that bitcoin is really worthy of being used as a currency and using it in our daily transactions.

For us which is already in crypto world perhaps yes ,because we already all knows how useful bitcoin is and it's a big help in our daily basis. However even though it is still impossible to become real currencry it's still worth it because of being friendly used.

Well, if you convert the bitcoins received, back to fiat immediately, you are not influenced by the volatility. Most companies use payment processors to do that, so they do not even know about the volatility, because they only see the fiat being deposited into their Bank accounts.

Also remember that volatility can be your friend. If someone paid you with a bitcoin in Jan 2017 and you only sold that Bitcoin in Dec 2017, then your profit on that sale would have been $18 000.  ;D

Everything we have come to know was a result of the collective agreement that the people have about it. Before the advent of money as we know it today, people over the period of civilisation have used different items and commodities as money and they still do so today. In recent times we have engaged in series of services that we have collected goods, praise, promises in return that is the money that we have accepted and its mutual between two people.

In the case of bitcoin, yes its not perfect but so also the currency we have known which without human intervention through various policies for or against, won't be any different from bitcoin. The moment we agree that bitcoin is money and its acceptable between the parties engaging in that transaction, then I don't see any problem in that.

According to the definition of what a currency is, as being "money or other items used to facilitate transactions" i think in this context that bitcoin satisfies its nature as a form of currency, because despite its volatility and lack of acceptance, it has been seen as a means of facilitating transactions.

Definitely bitcoin worth to be Currency because this is Internet based digital currency and peoples wanna spend it in markets for daily need also its transaction fast and with less fee so any one can send money world wide and fast. In future bitcoin will replace others fiat currencies and will be use in worldwide and already many companies and merchants accepted bitcoin as a payment.

Bitcoin for me cant be called as a currency anymore.
For me it now becomes a gem among cryptocurrency users due to the treatment it got.
It does have the capacity of being a currency but we treat it as not though.

The instability of the value causes bitcoin not to be worth a currenncy for now.But i think there's a high probability that this can change as worlwide adoption of bitcoin is fast approaching. More and more counties are now legalizing bitcoin and more big companies are now accepting it as payment.

In terms of adoption rate and market cap bitcoin is absolutely best. Bud do you think it has the best technology and infrastructure to support a digital currency? Bottom line is, a digital currency should have global, mainstream adoption and its utility function should be higher than any other crypto out there.

Well the fact that merchandises and other establishments accepts now Bitcoin as mode of payments because they know it has a value and that classifies for it to be a currency since it has a value but it doesn't remove that it is still connected to fiat money which is dollar that determines its value. How many USD per Bitcoin.

For me, Bitcoin is already a currency. It is a widely accepted currency, we're slowly trying to integrate on using this for daily transactions.

I don't think so. Bitcoin is called a digital currency but that doesn't mean that it can be a real currency that is used in a daily transactions.

Don't get me wrong, Bitcoin can still be used in daily transactions what I am trying to say is that Bitcoin is just usually treated as an asset, or an investment by a lot of people. Instead of using it as a payment, they rather hold for it until the price of it pumps in a good price.

In my opinion, bitcoin is the best worthy currency that I been seeing til now.

Yet, bitcoin needs to be regulated and probably handed in order to become a normal currency, also the instability of it matters, so we cannot have the currency which I cannot turn into the same value of products and services every time.

Using bitcoin in daily transactions are won't to be worth because of the volatility of the price, if it's going to stable coin it will be worth and good to use for daily. Bitcoin are having a great potential to have more expensive value, it means bitcoin would be worth it as an investment.

I believe that bitcoin well be used a good currency. The only requirement I see is that the volatility must be controlled by stable use of the coin. I see great potential to bitcoin due to its wide popularity and availability of exchanges intended for bitcoin.

I agree that the volatility still thr biggest obstacle that prevent bitcoin to be used act as currency, when a lot of of people think bitcoin as an asset to make profit then we will have difficulty to make the price stable, if we xan make bitcoin more stable then it will be really good to be used as currency as it's easier to do transaction globally, and when bitcoin is adopted the payment will be in btc not in the form of fiat anymore

I think 'worth' is not the correct term but rather 'viable.' There are many other things that was considered a currency due to their value depending on the society. Back then, salt was used as a major form of currency, but looking at it now, is salt really 'worth' something to the people? Bitcoin is, mainly because of speculation but the rest, because of people wanting to send and receive money through it. However in today's society, there's not enough merchants for bitcoin to go around, just like your regular fiat currency. Volatility IMO is what scares people into accepting it, though we have payment processors for that, still we cannot say that bitcoin is effective because we used these intermediaries.

i can say bitcoin can also consider and worth as currency because of its volatility just like our local or paper currency,bitcoins also faces ups and downs to its value which i think makes the market or the industry rather more stable.Bitcoins may has its lower value but same as the local currency,it may rise its value for a specific span of time.Traders and miners may also considers this factors on when is to invest or not.And bitcoin nowadays are starting to known globally.

With the situation now, the unstable value of bitcoin, i think it is not worth to be a currency yet. It needs stability to be a legit currency. That's just my opinion though.

Well, I think bitcoin deserves to be a currency. it's just the advantages of bitcoin often in use in comparison with the function. well, you know, that currently the world of investing in the internet, mostly focusing on there bitcoin, and other cryptocurrency.

As far as I think this is a fast-paced, global technology solution. This is the market for investment. To say it is money then I do not agree.

For me it can be a currency because of the fact that it has a value and its value is so high that it is important to the people of crypto enthusiast and everybody wants to have it, buy and sell it and even trade it to gain profit.

Yes it can be worth as a currency since it has a valure and by iys value that it makes it a precious to the people. Bitcoin can be currency and can me a method of payment through online. And i can see some predictions of it as a currency around the world in the future.

Bitcoin is worthy to be a currency ,because it is already circulating in the internet and use by the holders for payments to those selected establishment that accept bitcoin , and it is used as medium of exchanges in the market.

This is our case and most scenario in the society of bitcoin. Many people are asking that if would be worthy if bitcoin would be a currency?? I said yes,  for me it is possible that bitcoin would be currency in the future and i will support this statements:

In its purest form, cryptocurrency or crypto currency is a kind of electronic cash that can be sent directly from person to person (peer-to-peer) without going through financial institutions, or banks. Generally if we are currently sending funds or money to other parties, of course, must be processed through the bank. In this case, the bank serves as an intermediary. Well in this crypto technology, the payment is made directly without an intermediary. Transactions conducted between two parties in a network are then verified through a specific encoding process or cryptography. Well, Bitcoin is one of the existing cryptocurrency types, and is popular. In addition to Bitcoin there are more than a few crypto currencies similar to various names, such as ethereum, litecoin, etc. Many of these crypto currencies are short of devotees until they die one by one. In Bitcoin, if there are transactions of two persons, the other party in the network that can decode or verify the occurrence of the transaction, will be rewarded with bitcoin. This step is known as mining bitcoin (mining).

As a sigital currency yes it is. with the existence of bitcoin and other crypto coins it makes are online payment and transaction become more convenient but as a physical currency i think it is not worth and we know bitcoin primary purpose was to become a digital currency not afiat it would need more regulations and revisions to make it happen though.

yes, based on its functionality and the impossibleness that Bitcoin cannot be duplicated unlike money.

as the network size and participation/commerce and usage increases, volatility will decrease. So I wouldn't say it's great to use as a currency per se right now, but in the future with lightning and other improvements along with decreased volatility, it will be.

It's early in the space, so just time and adoption needed.

like many people said crypto is to volitale right now to be a currency. i think bitcoin is going to be the something like gold is right now. something you can always go back to. in my opinion right now we are at the start of the new tech run and people are looking at it as a investiment rather then a currency untill that changes or a coin comes in an chagnes that

Bitcoin can become a currency, but this will take many years when the bitcoin rate will remain unchanged, because bitcoin has many advantages and superior qualities, unlike ordinary money, it is not subject to inflation.

The BTC cannot be used as a store of value, but BTC is a good speculative product. If you buy at low price and sell at high price, it is also a good operation.

If  you base it on the current definition I think it is not yet ready to be a cryptocurrency because it is still very volatile and not yet adopted by many. But in proper time it will not ve as volatile as today once everyone are already using it.  

It's definitely worth of being a currency, but is it ready? No. There's still a lot that needs to change. When it will be ready, it will just be another $ without physical form. People overestimate bitcoin as a currency. It will do great things until it reaches the "normal money" status, but when it will happen, there won't be any difference from todays money.

If people believe in crypto-currencies in particular in bitcoin, bitcoin is real money.

In a couple of years, this will cease to be an investment and become a means of payment

Yes that's true, assuming it can settle down and stabilize itself. This is a very good thread because it brings up some intelligent issues behind the coin being accepted as a currency that most don't acknowledge.

At this point in time, there's no way it can meet any of those three criteria. But can it in the future? Who knows, maybe if centrally regulated. But then that would kind of defeat the purpose, wouldn't it? Now the biggest problem bitcoin faces in terms of regulation is stabilization and standardization of prices. If one exchange is quoting prices 2% higher than another, that could be a difference equal to thousands of dollars

it is now an accepted form of payment in dozens of countries around the globe. As more nations continue to adopt this groundbreaking technology, it increases the chances that bitcoin will in fact become the next global form of currency and one of the few not tied to a specific nation’s economy or a banking system.

Whatever the decision of many people it is fine whether we will make it is as a currency or just an alternative way, it is fine for me for as long as it is for the benefit of the whole crypto world, we just need to respect whatever the decision of the authorities.

Yes it is. Bitcoin has gained much trust from many peoples. They believe in bitcoin, so they hold bitcoin since the beginning.
The market price of bitcoin show us bitcoin is worth. For become a currency, of course volatility of bitcoin must be reduced.
So its price can keep stable when we use it as a currency.

Yes bitcoin is worth to be a currency because as we all know it is already accepted,from the beginning were currencies are made bitcoin is in their as there 1st priority to become the outstanding currency,many investors hold bitcoins for purposes and they beleive on it.

Bitcoin is one of the lead coin of the market on the cryptoworld ,then it can be worth to be a currency because it is circulating  in the internet, and it had a big price value

To date, new bitcoin has been used as a money changer, not for speculation

personally, bitcoin need more time to improve themselves in order to become a currency

of course, bitcoin is a currency now. It is used for payment nowadays.

For my own experience in using Bitcoin as a crypto currency, I can say that Bitcoin is worth to be called as a currency. I have a trust on the potential and great capabilities of the Bitcoin that works as a currency in this digital era we are living into. More opportunities are given us by the Bitcoin and prove that they are worth to support and trust as a crypto currency for payment method.

David Yermack argument is not fair and shows his bias towards fiat money. There is hardly anything that hasn’t been used as money, rock salt in Ethiopia, brass rings in West Africa, cowrie shells in Uganda; anything can be used as money. Bitcoin can be used as money provided a community agrees on its perceived value. Today, the bitcoin value is determined by market speculation, hence there is volatility. Bitcoin is similar to gold, its a commodity. Bitcoin's real price would gravitate towards the cost of bitcoin production. For example; average cost to produce a bitcoin is 5800$ for miners, hence price would be around 6000$ in absence of speculation.

As a thought experiment consider, there was a community who lived in isolation on the internet. They never heard about dollars. The services and goods they offer would be denominated in bitcoin. Due to the limited supply model of Bitcoin, the community would have a deflationary economic system. When we bring dollar in the picture, we perceive bitcoin store of value in dollars, rather than in bitcoins. Thereby arguing about volatility. Gold has existed and traded in society for so many years, if Bitcoin is artificial gold, then it only existed for 10years. It is unwise to rebuke such an infant system, with current monetary models.

For me, I am agree to this that the Bitcoin is worth to be a currency since it really have so many advantages and good features as well as opportunities for the people that Bitcoin is keep on giving us. As its features being a decentralized crypto currency, being anonymous, secure and convenient in being a currency for payment method, I will not against being Bitcoin to be called as a currency.

Yeah thats the best thing we can have about cryptocurrency and because of bitcoin we have full control on our money and this cant be offered by banks

So far i dont see any profiteering online that can be compared on what crypto can provide to us,thats why for sure in five to ten years we will be mainstream and cryptocurrency will be on top with bitcoin dominance

Of course the bitcoin is now the currency and in the future it will the currency of the world. Bitcoin is worth it. As the number of people who believe and use Bitcoin increases, if these people already use bitcoin for shopping, bitcoin is already  currency.

why not ? bitcoin is becoming more and more popular and it is used by almost everyone worldwide.

As you can see now bitcoin is very worth in the market, the most expensive coin. Bitcoin not only worth to become a currency, but become an asset is worth too. As a holders, we can agree that bitcoin is a long term hold coin, it is shown by the price history.

I believe in 5 or 10 more years,bitcoin will be number two currency in world, because now many are using bitcoin as an investment and using it like money. Well I just hope for the best for bitcoin.

There are some issue due to which btc is not getting popular as currency.
1. Fluctuations in its value is too much .
2. Accessibility to all person is not possible due to its technical nature.

As of now Bitcoin is moving upward and the faith in it needs to be restored first. After a big crash most of the population have had lost faith in BTC and resulting countries had banned it. We need to give more time to judge.

Nowadays btc is very popular in the world and its already replacing the currency in some places. I think in near future it will worth to be currency.

I think bitcoin is worth to be a flat currency as huge people now using it for trading and others purposes too.

In many shops and markets even trading is on with this digital currency. so one day it will use in a bulk amount as a currency.

Bitcoin is already a currency. it is using allover the world for some purposes but it will be used in every sectors of transaction one day. It will be expanding its kingdom beside normal currencies.

Btc is the highest market capital holder of all crypto currency. It has a very high tech maintenance facility with lower risk.  I am sure btc will definitely replace the currency in future.

Btc is so popular crypto currency.ATM booth are installed in some places. Many company replaces currency into Btc.

With huge amount of market capital it will certainly worth to be currency.

A money something that is traded for products and enterprises by an extensive gathering of individuals. As the quantity of individuals having confidence in Bitcoin is expanding, its confirmation as a cash is likewise expanding. I concur that Bitcoin is exceedingly unpredictable now making it troublesome for the microtransactions to happen in the market however there is an explanation behind it. We are still in the fundamental period of advancement and this development is as yet advancing. Things will show signs of improvement not far off and we will see practical development in the cost and with the expansion in mass mindfulness among the clients, we will see less instability in the cost.

Its a great perception, and i really appreciate your opinion about this. But, i think if we are talking about how worth bitcoin is to be a currency, i think its not easy answer. Because, like we all already know that in some aspect, bitcoin really helps our financial transaction, but also in the other hand, there are many country that is still banned bitcoin. I think bitcoin as currency, still not get its maximum role, because theres still many obstacle that holding bitcoin for that role. But, we can not close every possibility that might be come, i hope in the future, bitcoin can be a world wide currency.

bitcoin is meant to be a p2p currency. so yes, it's worth using it that way. should there be another widely crypto instead, i wouldn't mind that at all. can't wait to see how things turn out

If it will satisfy few conditions it could be a global currency, there should change for example:
-fees (now after lightning network if you use that it is cheap but
 if you use this 1xxx adreses the fee can be high),
 there is much cryptocurrencies that doesn't have fees for transfer (f.ex. steem)
-scalability (3000 tx/block) and waiting for block finish sometimes 40-50 minutes for confirm txs
-mass adoption (bitcoin is easy to use, in my opinion much easier than using bank accounts
 but ordinary people don't know that, maybe btc need some campaign to tell people how it is and how it isn't)
-price stability

Agree with your comments. Many argue that Bitcoin will replace fiat currency. If this becomes true in the future, then I think Bitcoin will be the strongest currency in the world, and everyone must use Bitcoin.

many people believe bitcoin to be very complicated ,infect its lot more simple and than what most people think to help everyone get the grasp of the basics and  over time also present other learning opportuneties

Bitcoin is worth to be a currency, cryptocurrency is on the rise now and it is high time governments all over the world appreciate the  great benefits bitcoin has  for the world. Ideally bitcoin should be considered as a currency that can be used for exchange of goods and services all over the world.

Not sure, but i think there will be another coin can do that... Bitcoin nowaday is the most popular and people use it as currency... Future will give us the answer.

If we exchange money for bitcoins and vice versa bitcoins for paper money, then probably it costs money and is now very good.

Bitcoin not only a common currency, it is a digital currency with decentralized system. of course it is worth to be a currency.
The price of bitcoin is the most expensive in cryptocurrency, it is more than currency, it is an investment currency.

Bitcon is very useful and helpful to everyone therefore it's worth to be a currency because is has a big value of price, it help users financially, it will use investment and payment, has good quality and quantity that people never disappoint and its a profitable coin.

I think bitcoin is the currency of the future.It takes time for people to get used to and adjust to new ways of paying for goods.New things always take time, people need to get used to the idea.Usually people are careful about things they do not know Because in my opinion we are at the beginning of running new technology and people see it as an investment rather than a currency until that change or coins come in the chagnes

Bitcoin is created to be a currency, but the best used of it is for investments. Because its volatile, means that the price is rapidly changing and its unpredictable to know if its going to increase or decrease, so if you used bitcoin as a payment, you might lose big profit when its price increase. For now this is the best to do, but in the future i think that bitcoin will be one of the known currency that we would be using for both investments and as a payment.

Bitcoin is already a currency and it is used for trading at present. But i have doubt that it will replace the fiat currencies in future.

Bitcoin is worth a currency. in future it will be used by the people just like as fiat currencies.

Bitcoin is the most popular currency in crypto world. it will remain ever beside normal currencies. it will be used as trading currency or can be used for online purchase.

Yeah I mean why not? It's a decentralized currency not like dollar or euro. I'm sure if SEC accept bitcoin it will be the next monetary revolution.
Mark my words..

Btc is so popular nowadays and its growing. So it will worth to be currency.

Btc is the king of decentralized word. It obviously meet the requirements to be the currency.

Surely. No doubt.

We look forward to surprises when entering the year-end as of now, I hope that the price of bitcoin can rise and skyrocket so as to make all haters silent and choose to buy bitcoin rather than fight bitcoin, and if this year bitcoin prices reach at least $ 25k then this is an indication to be international currency.

I think bitcoin is already accepted as a digital currency and many stores accept it as a payment method. In real life, Bitcoin now likes a high asset because its price is high volatility. And bitcoin is a international payment

Bitcoin is worth to be a currency and it is accepted as thes best currency now for me. There is so many currency now but o think bitcoin ia the best ia all meets the requirments as you can see.

Since the bitcoin has a value in the market and it was use as financial transaction in the market then for me it is worth it to be a currency actually it is already a currency in the internet world.Bitcoin has already prove itself when it terms of value so for me being stable over the year in the market is a good qualification for a good currency.

Bitcoin is a system of transactions that is easy and safe, compared to the bank system, of course bitcoin is more suitable to be an option to send and receive money, I am sure that the use of bitcoin will continue to increase so it deserves to be said international currency.

The future of BTC is likely to be the same as that of gold, which is one of the investment methods with stable price and can protect assets. Therefore, the future of BTC is very promising.

It is better to be a universal currency for people to used in transaction inside and outside their own country. Where they does not need to look for other currency just to deal with transaction and to have an investment and trade to earn in other places.

This seems very obvious for me that bitcoin is worthy to became currency, but it is far from being ready to become a currency. Because who would like to have the prices in the grocery store which would be so unstable as bitcoin is?

I think the Bitcoin is still not ready to become a currency. Better to keep it as investments asset, till the time, when it will be ready to be a currency. Maybe it will take up to 3 years from now.

I don't describe bitcoin as a currency worth the characteristics of the fiat. Well, it is more at the level of gold and other precious metals. The only difference is that, it is a digital asset. The volatility rate of bitcoin is too high. This is the reason why many great persons have heard of the coin yet do not want to risk their investments. If you bought one bitcoin at the price of 20,000USD then you have probably lost 13,000USD over a period of 7month.

I think bitcoin is worth to be a currency because it is a first digital currency at this point. Even if the price is so volatility but still we can called it an investment asset like gold.

I think bitcoin is not yet worthy of being a currency, indeed many countries have accepted it but maybe because of its fluctuating value there are still many countries that have not legalized. Bitcoin is currently more suitable as an investment but if its value is stable then bitcoin is worthy of being a currency in all countries.

Its hard to bitcoin worth to currency. Because all of the world already have their currency, dollar,  yuan,  yen, etc. And currency have a physical(IYKWIM). Bitcoin is a digital currency, if bitcoin want to be currency. Bitcoin must have physical to trade in daily life.

I believe bitcoin deserves to be a real currency in the future because it has its own potentials more from what fiat currencies have.But because it is decentralized in nature,it cannot be adopted as a currency for now,but maybe in the long run as people awareness had increased,its essence as a currency will be adopted too by the government.

bitcoin is very feasible for world currencies, because bitcoin is good if it is made into the world currency, everyone already uses bitcoin as a currency and transacts.

if bitcoin is used for payment instruments it is likely to be acceptable. but if it is used to replace the official fiat currency, I think it will be difficult to implement.

As an investment it's very good since it has a very volatile and people can take advantage of it by buying and selling at the right time. Although the same volatility hinders crypto currency to be used as a currency being that no businessman would want to use a volatile currency because then they have to deal with different prices all the time.

Bitcoin is extremely useful today , it's an incorruptible means of storing and transferring value which is used by millions of people today. Just like Gold and fiat which help store and transfer value BTC is worth being used as a legal tender and should be adopted by countries.

not too valuable as a currency, but very valuable as an investment asset. because yes, bitcoin volatility makes it difficult to determine value as a currency.

bitcoin is worth been a currency i mean bitcoin is already a currency, a digital currency though, but personally i would want bitcoin to remain that way, A DIGITAL CURRENCY, because bitcoin becoming a fiat currency will greatly affect the value of bitcoin, because at that point, bitcoin will be donominated into fracions, notes and coins, so we may then have 100btc notes, 500btc notes 50btc coin. this may not be good for bitcoineers.

I agree. Its spreads all over the world.

Btc is good but to be the main currency it will take a while.

BTC is new in compare with main currency. But it may have chance to be the currency in future.

Of course bitcoin costs money, that's probably why he's on the market.

I agree with you, but bitcoin will never be stable in price over time. In addition, if the cost of bitcoin increases with time, the volatility of bitcoin will also increase, because the possible amplitude of price fluctuations will increase. This can be seen even on the example of its fall in the price from 20 000 to 6 000 dollars. At a cost of $ 100,000, bitcoin would have dropped to $ 30,000. Simultaneously with the increase in the price of bitcoin, the risk of investing in it will increase.

The price of bitcoin is not going to get stable anytime soon, the potential for enormous growth is there and the potential for great loses as well, and it is going to be impossible to change that since that is the way most markets grow, there is nothing that starts from a value of zero and becomes incredibly valuable in such a short amount of time that does it in a stable manner.

It is already a store of value.

Although it may go up and down, the volatility has decreased since last year.

On the long term, the major cryptocurrencies gain value.

No you are wrong, bitcoins is now considered as a digital currency and amazon is accepting a cryptocurrency payment method, that is the reason why bitcoins do really have a bright future.

I believe that bitcoin will not become a currency, you can see that the market is constantly fluctuating and bitcoin prices are constantly adjusting and falling sharply, the bitcoin price fluctuations as much as the current time is due to bitcoin No country, or any government control, so bitcoin always fluctuates.

In addition, the number of bitcoins is limited and very few, so bitcoin is not enough to meet the needs of the market and people, so bitcoin will not be able to become currency.

some countries have already legalized it, but more countries have not yet received it, so currently btc is not yet worthy of being a world currency, even though later more countries will legalize it.

It is advantageous to have bitcoin because you can make use of these as a mode of payment. However, shifting from cash with currrency to bitcoin is somehow tough. Knowing that it has a greater demand for developing countries like government acceptance and technology to fully implement it. Nonetheless, it is better to make as second currrency.

Although Bitcoin roams in a lot of unrest. Yet the Bitcoin King of Crypto Market And even if the market up and down, Bitcoin's Leading position is very strong. However, Bitcoin is always exchangeable and coordinates in transactions. And it is being turned into currency by means of a medium. So it is common that Bitcoin is a currency.

In my opinion bitcoin is a cryptocurrency that we are using to enhance the online transaction especially when sending money from place to place and for me bitcoin cryptocurrency is ready to adapt by people around the world. It will help us all in sending money abroad without hesitating and we are sure that it is safe.

Bitcoin is a valuable investition, it is like investing in gold or diamonds, so always wealth was an expensive currency.

That, of course, is reflected in recent times. Investors are like lottery winners and win special prizes.

Yes.With the market price of bitcoin it has today,i'm sure all people will be crazy over bitcoin just to have even a single of it.Bitcoin has so much advantages like making transactions in a fast and convenient way.And the fact that the sender remains to be anonymous unlike fiat currency transactions.

Of course, it is very valuable from what we can see bitcoin is one of the most expensive compared to other crypto currencies means bitcoin is very useful and valuable to this crypto world if there is no bitcoin there may be chaos in the world of digital currency.

Is perfect for every side. Bitcoin can be used in replacement of physical currency just only one thing which unfortunately physical cash is better at as the privacy. Of course, I know what all the peoples are going to say about it but that's a fact with physical currency we are going to have the privacy but with the digital currency where compromising that feature. And one of the other features the transaction time with Bitcoin it is going to take a bit more but let's look on the lightning network and what speed with it provide.

I believe bitcoin is worth to be currency because of the features it has. It has the benefits that can gives good to the users. It will be more useful in the future where people good to use anywhere.

Bitcoin is already a digital currency and so, I would say yes, it worth it. But I do not describe bitcoin as just a mere currency. it goes beyond the currency we use for its description. I consider it as a digital assert. Everyone would want to have bitcoin. Even the FUDsters, aside the bad attributes they give to the coin, always would want to have some bitcoins.

For me it's all worth it as currency, and the advantages it has compared with fiat always provided everyone the fast and reliable ways. The anonymous recipients can have freedom to choose the best options, particular on trading business and other uses of bitcoin such as recreational purposes like gambling and other bitcoin uses. Compared to fiat currency there's always limitations in everything, and you it the system of slow transactions compared with bitcoin.

I think bitcoin can not become currency, bitcoin can only be intermediate coin to exchange between USD and altcoin. You can see that the number of bitcoins is limited and not sufficient to meet human needs and bitcoin prices fluctuate in huge amplitudes without the control of a government or any other country because So I believe that bitcoin can not be monetized.

Exactly.All kinds of people still prefer to have even one bitcoin because we know exactly how bright the future of bitcoin is.And yes bitcoin is already a digital currency,and will soon to be a global currency if all comes to understand how to utilize it and realizing all its potentials behind.

Bitcoin also was able to established the trust of many investors. The name itself is very interesting when some heard about it so bitcoin really is worth to be a currency.

Why not. You can use bitcoin to purchase a lot of things you want, from food, clothes to an airline ticket. I dont see the reason why not.
A lot of countries are already accepting bitcoin as a payment for almost everywhere like Germany.
Also there are other coins that are made to improve sending and receiving crypto so maybe not only bitcoin but other cryptos could become a currency too.

Bitcoin meets all the criteria to be a currency and even adds on to the features a currency needs to possess, most especially when it comes to security, fast transaction and low cost per transactions. Bitcoin as a currency enhances payments of goods and services online on a decentralized platform where users do not have to worry about the interruption of any middle man.

but it is still rarely.merchants that accept bitcoin as their payment still rarely to meet.for now on bitcoin acceptence still hard to happen in many country.

Currency must have a physical form and bitcoin also has the physical form of coins that I have seen on youtube or other social media etc. By having a physical form, I think bitcoin is indeed worthy of being a currency, but here bitcoin doesn't have a center or no one can manage it. If the currency generally has a center in banking that is supervised by the local government, then what about bitcoin. If there is a government that can handle this on bitcoin, it is likely that bitcoin will become the future money.

Yes, not all but globally bitcoin is popular and I think because the world is marching to optimize the use of digital transaction as what already started in debit card, credit card and other cards that has been used in purchasing goods and services and bitcoin as the product of blockchain technology is is worthy to be a currency because millions of people are adapting it so chances is very high that more establishment in the future to adapt bitcoin as mode of payment too.

Time will tell if it is worthy of being currency, by we at least we can have some idea what is going to be in the future but to fully recognize its value as a whole...we'll see, we'll cross the bridge when we get there as as saying goes, there still many things will happen that will prove if it worthy or not.

This is a characteristic many forget, bitcoin is a store of value, it is not the best store of value because it moves with great volatility compared to fiat but for the ones willing to hold their coins for the long term the effects of bitcoin are clearly visible, I bought bitcoin when it was cheap and the chance it ever touches that price again is zero, so it does not matter how much bitcoin crash I will always be on profit.

We  must consider different things as well. Yes the price of. It was freaking high where even s single bitcoin can transform your life into something much better. Before we say it was worth it, there are many things that it need to past like the fiat currency. Its a long process where it needs to study first to know the possible good and bad things that it may caused to the country and the people.

Yes as it is a currency develop or mined through a technological algorithm, not a ponzi scheme, I foresee a future where it will be accepted globally by all or more government agency in order to increase it value and also stabilize its existence

Bitcoin has proven itself to be considered a currency. Over the years, bitcoin has evolved despite several negative speculations, bitcoin continues to come up top always. When many begin to appreciate the benefits of using bitcoin in various business transaction, this amazing digital currency can easily become a global currency.

Yes! Why not? Of all things that bitcoin suffered, it does not decline. Though there are many people speculate bitcoin as bubble, it never devaluate nor destroyed. It is worth for me as a currency because above all crypto that exist in the market, bitcoin is the most dominant and simple cryptocurrency.

Agree with you, whatever speculation and opinion someone has with the price and the bitcoin market. but as long as there are users who accept bitcoin payments, then I will try to use bitcoin as a currency and bitcoin is worth it as currency. bitcoin has facilities that most currencies don't have, and many people like that

in my opinion,bitcoin is value in future,many people believe bitcoin to be very complicated ,infect its lot more simple and than what most people think to help everyone get the grasp of the basics and  over time also present other learning opportuneties

If that's your point, then bitcoin was strongly a currency because it can do whatever usefulness that the fiat can also do. Users will increase if there's a support from our government, and also people will be learning about digital currency as well. Without enough knowledge, people will be hesitant to adopt bitcoin so as the other cryptocurrency investments. Bitcoin's advantages can be generally appreciated if a person has positive visions towards holding an asset that has greater potential to increase to profitable value in the future.

Governments are getting desperate, they thought bitcoin was done for and now they are realizing things are not so simple and it is entirely possible they are going to lose the battle against bitcoin, many are imagining an scenario where bitcoin forcefully displaces fiat but that is not going to happen, what will happen is that the fiat system will collapse and bitcoin will simply fill the void.

The definition in which you base your analysis on about the qualities of a good currency- as a medium of exchange, unit of account and store of value i believe is more than 50 or 100 yrs old as such may be obsolete or alterly fatuous, hence currency needs to be redefined inline with our great digital world of 21st century thus BITCOIN is qualified to be a currency.

Bceм cпacибo зa инфy  ;D

Yes of course, it is decentralized and market based digital currency, and since it has a value in the market bearing the top most coin, it is stable coin now, and that is why it is called digital currency because it is a currency.

Yes definitely, Bitcoin is worth being a currency. It has all the attributes of what makes it a currency since it is an acceptable means of payment.

Bitcoin has a lot of reasons to become a currency.
1. Fixed supply will cause inflation not to happen.
2. Stable value if strictly controlled.
3. The number of investors knows and choose it very large.
4. The community accepts Bitcoin in every country.
5. Absolute security and do not worry about fraud, transparency.

If all of the people here in this crypto community has an outview like you and OP then bitcoin will continue to fail being a currency because instead of posting encouraging topic to attract many users to support bitcoin to hold its value ,what are you doing is making negative issues towards this great coin

We always think of positive in any part of crypto currency and we not say any negative things about cryptos , because that is true , thus making negatives discussions will drive away investors espevially now that yhe market is falling down , bitcoin is very worth as currency it is circulating in the net as digiral currency ansd serves as multiple uses to tbe people.

Currency refers to money in any form when in actual use or circulation as a medium of exchange. What is not clear here? You think its volatility, that sounds like a joke, right? Why Rohqit didn`t mention how much pizzas you could buy 8 years ago with 10k bitcoins, and how many pizzas you can buy now with same amount of bitcoins?
Even op and this guy says the same, means a wealth transfer, I give you my wealth in bitcoins you give me same amount of wealth in pork. That is currency my friend, look it at in any way you want, but it can be medium of exchange, its currency. What is so good about bitcoin it can be asset too, you choose what you want, it can be a lot for who knows to take benefits from it, for people like op and this guy are bitcoin can be nothing, they can live crypto world, anyway more bitcoins for us.

It's hard for Bitcoin to be currency like Fiat currency do. Like we all know, Bitcoin fluctuations made people will think hard when they want buy something use it, that's why most people utilize it for investment not for currency, even though Bitcoin created for currency

Yes, the purpose of the bitcoin generator is to trade, its applications are being used by coin developers. In my opinion it is safe, low risk, high security for trading and trade

Yes of course he has the good type of currency that could be use in any transactions and what only the problem I see is his value for being not stable in any moment that's why it is hard to make him a regular currency but many people were using them to some of their business just like me I use to buy and sell something using bitcoin.

it is worth ti be currency because it saves a lot of time to have some transaction and just like others it gives you a good profit when you know how bitcoins work.

I don't think bitcoin will be worthy of being a currency, but it does not rule out the possibility that it will become a reality in the future, because everything in the future nobody knows. To make bitcoin a currency I think it's very difficult because we know that the currency in each country has the power of many circles, when compared to bitcoin now, that support is still very much different even though the bitcoin exchange rate is very high and it won't guarantee for bitcoin is easy to become a currency.

I think bitcoin is worthy of becoming a currency that can be paid.

Seriously? Is bitcoin not a medium of exchange?


Based on this meaning bitcoin directly meets the criteria of a currency. Bitcoin has been an instrument for trades of goods since it started. So how can that be that bitcoin is not a form of medium for exchange?


Furthermore the explanation for bitcoin as a store of value is very much clear that for now a lot of bitcoin user consider bitcoin as an asset that can be exchange later on when the value gets higher.


Lastly, how do you define the unit of account?


There are items such as miners or even services that has a real value rates on bitcoin.
It is obviously clear that bitcoin have meet not just one of the criteria but basically all of it. And yet how come that bitcoin is considered as a currency because of its volitality?

Does volitality a requirement for a currency?


It is because you are not looking the right price of bitcoin. Basically you are seeing values from the exchangers which is not a the real value of course because they included some fees.




Even if we do talk about the US dollar the value that dollar currently have may not have the same value for tomorrow since it still differs even if a single cent.


Again you are seeing the other side of bitcoin users. Please take a look at the old users of bitcoins how they have fully understood it means. Most of them are using bitcoins as transactions. Forbiding it's used as payment in most of the world is not a strong reason to disqualify bitcoin as a currency.

It is still one of the best things that could happen but still, it is not worthy at the present. Basically due to its nature having volatile price, hard to regulate and more. But, we have been using bitcoin for years now in different exchanges so why not consider it as a medium of transactions?

Bitcoin can be a currency that can be used throughout the world, most importantly all countries can legalize bitcoin to share transactions. bitcoin is a modern technology that is able to grow rapidly throughout the world, it is possible that bitcoin in the future will be used globally such as existing currencies

Yes, it is worthy to be a currency. Because it passed the criteria to be a currency according to the federation which incorporates currency. Also bitcoin is accompanied with a lot of companies accepting bitcoin so why not? It should be the top 1 currency in the world because it is a universal currency, means that anyone, everyone, and someone can use it anytime, anywhere.

Asking why it is the top currency? Bitcoin has the most number of investors. It is indeed the leading cryptocurrency with the most valuable goods are exchanged. So why not a worth currency? It is indeed more worthy than your worn brief underwear. ;D ;D Why? Because bitcoin can obviously rise its price and your worn brief cannot. Lol ;D ;D

But whatever anyone talks about BTC. The mere fact is, BTC is the best currency in the world!

I think Bitcoin fit the criteria to become a currency, but the progress still being halt by the government, if the users could keep bring the positive usage of Bitcoin, I think the government will give the support, and from the beginning Bitcoin was a currency for global transactions

Where is the place accept Bitcoin payments? If so, I think it was not public, because now I know that only the Venezuelan government accepts Crypto payments and has issued ICO Petro. Transaction of bitcoin is slow compared to other platforms, it should be improved if want to become a currency.

Bitcoin no doubt worth being called a currency. Apart from not being issued by a central government, there are no other attributes of a currency which Bitcoin does not have and as such, it is a currency.

For now, the answer is no. However, cryptocurrency is still a bit new so perhaps if we all give it a few more years it will be worth it to be an official global currency that has a high value. Perhaps more country and more people will appreciate and start using it too.

Of course bitcoin is worth to be currency, that's why bitcoin called cryptocurrency, but the problem for now i think bitcoin prices is too unstable, this is make one of the people doing the transaction gets a loss and the other gets a profit.

If bitcoin is accepted by every government, then bitcoin may become the second currency in the nation and that is really meaningful for investors to make it possible for investors to conveniently trade. and fastest anywhere and at any time

It can become a worldwide currency if all countries agree to Bitcoin as a payment method. But that's hardly possible because no one wants to replace the existing currencies in the world. And they are trying to control the bitcoin and not let it grow, and prevent that from happening

Bitcoin cannot meet the criteria to be a regular currency because of it's volatility. Yes, it can't be but today people tend to risk in this volatile digital currency because they think that with this high risk comes with a high return.

Bitcoin as we know is a digital asset designed to work in peer-to-peer transactions, as far as we can use it in transacting than it stand to be call a currency because is currency we use to carryout transactions among two parties.

YES IT IS, in cryptocurrency ETH and BITCOIN is the main currency.
you can use them to invest in an ICO.
you can see also the trading market with BTC and ETH in return.
BTC is a currency now and will go global soon.

Bitcoin is the leader in digital currency systems. The influence owned by Bitcoin is so large that it is likely that everything that happens to Bitcoin will affect the state of the digital currency market globally. As the right partner, Etherum can be said to be a digital currency that has a broad market. If juxtaposed, Bitcoin and Etherum are the right pair and can represent the existence of a digital currency in the global financial system.

how can you be sure that bitcoin will replace fiat currency one day? Did you predicted the future?

I think as a currency it will be awesome given that it is instantaneous in its transfers, accurate in terms of recordings and mkre and more people are accepting it as a means to exchange goods and services with. But the thing that makes investors on the fence about using it in their business is the volatility. Once Bitcoin becomes stable that is when it will be awesome.

Why not, bitcoin soon will overtake the many recognized currencies by the states, if not already overtaken, just as bitcoin gives us a way of earning and many other incredible opportunities that were not available with the help of fiat money. So I think that bitcoin should develop more and give us other new discoveries.

Bitcoin is no doubt worth the status of a currency. There is no doubt about this since it has all the qualities of what makes an entity a currency. It is jus a currency in digital form only.

Yes Bitcoin is worth to be a currency bitcoin features are good like we can send payments without third party and this is good cause less hassle and no big fees required sadly lots of countries have a bad point of view on crypto but I hope someday they will see bitcoin in a positive ways not on negative ways cause bitcoin could their economy and have more infrastructure on their country.

Bitcoin mostly reminds me the securities. Meanwhile Jay Clayton, the chairman of SEC supposes that BTC is something like a replacement for certain sovereign currencies.

Yes definitely Bitcoin is worthy to become a currency.Bitcoin is the leading cryptocurrency in the market and more and more people are enrolling themselves in Bitcoin because it gives huge amount of profits in a lesser period of time.Bitcoin is now also supported in some nations and traders are now also accepting bitcoin.Bitcoin also has some advantages over the normal fiat currency like faster transactions,one can carry any amounts of bitcoin in the bitcoin wallet etc.

Beauty of bitcoin is that we can use it for many things, it can be currency, it can be asset. People are making confusion with questions like this one, is bitcoin worth to be currency. This people don`t know what is currency, they don`t know basics, how will they know for what bitcoin can be used, but they know to ask this kind of questions. Bitcoin will be what it needs to be for every single person, that`s the beauty of bitcoin.

Many of us are believing that bitcoin is worth to be a currency , the only thing in crypyocurrency is it is circulating in the digital world ,in which it is hard for people to use especially if they lack in knowkedge about modern technology in digital form, but for bitcoin it is very worth to be a currency.

I am not gonna agree with it fully. I know bitcoin is good and other stuff but there are many problems with it too, It is not the perfect solution. The main point I am gonna point my fingers at is the price change, Why people always compare its current price with its previous price. I mean currency and investment are two completely different things. If you hold a currency so you can sell it later for a higher price is not a currency anymore. Bitcoin won't be a currency anytime soon.

I prefer bitcoin to be just a digital asset and not a currency, because I think if bitcoin becomes a currency it will be very risky considering the bit fluctuating prices of bitcoin and tend to change very significantly in a matter of seconds, and certainly there will be a lot of rejection from government from various countries about this

On the contrary I strongly agree that bitcoin's used as a currency because bitcoin has a perfect concept rather than fiat currency. Bitcoin has a problem because its mistakes have been exploited by governments and politicians, especially for officials and politicians who like corruption for the interests of their party.


Means you also really expect if bitcoin can be used as a currency in the future.

Though it has failed to do many things which are close to the fiat or an ideal current then also it is perfect current or we can say that is the best shot for accepting as a currency. Due to insufficient infrastructure around us we may not be able to use it in the real life yet but the time will surely come when it will prove itself as the way of transferring the money in perfect manner. This will prove itself to be the best crypto currency surely. The blockchain was invented first and then the BTC came upon it,  guess this much investment of time and efforts was done to create a miracle, isn't it?  ;)

I agree with you but with the current rejection of application of ETF that aims bitcoin to be an asset it's far to happen neither as currency. I don't know why people are using ETF issue to dump bitcoin like can they just leave bitcoin alone and let it people enjoy its benefit.

I know we're aiming a mass adoption and with the help of getting approval in SEC it can be attain but this is of course not an assurance.

It will be very great if this is realistic because it is people's  desire for digital currency to be invoke with the new way the world is going.  The world is going digital virtually in everything  and there is progress in every places

Bitcoin will be worth to be currency when that cryptocurrency can less it fluctuations, if Bitcoin fluctuate to much, it just worth to be investment not for currency.

What do you expect to be as a currency? The srabke value or a value with fluctuations? If you expect the second one then yes there its already. Cypto currencies' valies do move up and down, so bitcoin can not be expected to be a currency with stable price / value. Just look at bitcoin and other crypto currencies as an investment platform until everyone accepts and uses them as currencies. Its more then a worth currency to speak out. Crypto has gone beyond the expectations.

Bitcoin is keep on giving us. As its features being a decentralized crypto currency, being anonymous, secure and convenient in being a currency for payment method, I will not against being Bitcoin to be called as a currency.

At least for me not. i cannot consider Bitcoin as a currency . have you seen any currency that is so so volatile and used in a daily basic. for me bitcoin is a technology introducer and store of value.

Indeed. I am agree with you. Personally for me I see bitcoin or any cryptos are worth to be a currency, why? because as of now bitcoin was using in may transactions just like paying, for investing, remittance, buy and sell. See as of today bitcoin was popular and we can also its effect in our lifes and community. Many people now, rely on earning bitcoins because they believe to it.

It depends entirely on people's preferences. If Bitcoin continues to be preferred by people, it will be worth everything. Otherwise it goes away already.

Reliable, Bitcoin is likely to become a legitimate currency and traded everywhere. However, it is difficult and requires a long process.

Many argue that Bitcoin will replace fiat currency. If this becomes true in the future, then I think Bitcoin will be the strongest currency in the world, and everyone must use Bitcoin.

yes of course it is very valuable and you should indeed be able to buy as much bitcoin or cryptocurrecny as you can so you don't sell it at a cheap price and grow the cryptocurrency that you have so that it can become more.

I think bitcoin is worth to be currency and the only think that makes it not worthy is just the volatility and also the total supply is too small to become currency.

i think for volacity, all fiat currencies also have it. and supply is not a barrier to that. the more people need, the higher price. vice versa. therefore government policy is needed

In my opinion, bitcoin is worth to be a currency, but at the moment it has some problems to solve. The volatility of bitcoin’s price that can change in seconds is very risky. On the other hand, since you can’t forge bitcoin, there won’t be any inflation. And the most important thing, bitcoin has a perfect concept comparably to fiats. Its decentralized character eliminates the need of centralized banks. There are many arguments for both sides, but only time will show the result.

In my opinion, bitcoin is a tool, a tool that is used as good as cash, if the people are using bitcoin to pay, or send money, then I think it could be called as currency as well. The only thing that would matter here is, if people are going to use bitcoin as money, accept payments in bitcoin, or pay money in bitcoin, well for me, if the people are willing, then we could call it as a currency.

For me bitcoin is worth to be a currency. Because like fiat currency, bitcoin can use also for payment. Fiat currency mostly use to pay or buy something. Like bitcoin can use in many different things including payment, you can use bitcoin to buy in online store because there are some online shops in the internet that accepted bitcoin for payment.

I think it is worth it. It has some advantages over paper money. Why not think it will be able to effectively support paper money if it is considered a currency? It may be another option for users to pay or manage assets. Direct deals do not require a third party with much time and unnecessary costs.

Bitcoin can be used for many purposes. It can be a currency or a real tool to make money. The investors of BTC can become very rich people in a short period of time.

Bitcoin is money whoever who says otherwise is lying, if you take a look at all the things that money has to be you will see that bitcoin does all that stuff and even more, what happens is that governments cannot recognize this because if they admit that bitcoin is way better than the currency that they are printing then everyone is going to adopt this new currency and the money they print will have no value.

We should accept the fact that one day bitcoin will become great provider for all of us that it will be part of our future, especially now that there are some projects who are using cryptocurrency as a tool for their project to become feasible, so for sure that bitcoin will really bring an honor as a replacement in fiat in the future but not too soon.

I guess so. I think bitcoin is the future of the whole world. Maybe in the future, it will become one of the top 3 of the currency in the world until bitcoin will be the top 1 currency in the world. Well it is worth to be a currency I think. It just need some trust to most of the people here. If they do, then it will happen.

More than anything. Crypto currency's weakness as a means of exchanging goods and services is its volatility. A volatile currency won't be adopted by merchants in their businesses. But tthe same volatility is the advantage of crypto currency as an investment. I just hope it becomes stable soon so we can see adoption.

It really is a huge help for everyone. As we all know the usage of bitcoin help us to do things instantly which is the characteristics that the current generation is looking for. Therefore sooner or later the People will.love using bitcoin in daily basis. And this will be the start of bitcoin slowly being a currency. Bitcoin is the future currency.

Yeah, bitcoin can be used to pay, but the problem is not worthed or not? but about accepting bitcoin at merchants?
Are there merchants around you who want to receive payments with bitcoin? that's the problem so far

Bitcoin is a digital currency helping us in two major ways; one as investment source and one as payment mode. It is the most profitable source of investment along with another tremendous property of making friction-less transactions for us.

Then it is irrelevant to say that Bitcoin is not a currency and recently Germany proved that it is a necessary and useful source for the progress and success of a country.

Are all overprinted, unfairly distributed, centralized fiat currencies "worthy" of being a currency?

In my opinion yes. Because, bitcoin has a saving value. From the start bitcoin was created with a limited amount, which is as much as 21 million pieces, so that its value can fluctuate, unlike gold. Now, bitcoin's worthy of being called a currency, because it has gained a lot of support and trust from most of its users. However the increase in bitcoin prices's not based on the economy of a country, but on request, that's what I know.

Some of the companies are accepting bitcoin as the medium of exchange. But according to me bitcoin is not worth to be a currency, as there exists transaction cost , so large number of transactions will lead to large amount of transaction fee. Moreover you need internet connection to make payment, so sometimes its not feasible to have internet connection everywhere. Bitcoin is highly volatile ,so according to me bitcoin is not worth to be a currency.

I think it's really possible, but in the distant future, because our government doesn't like crypto

In my opinion, bitcoin has really influenced many people. It is worthy to be a currency, it is being called digital currency today but to become the world's currency maybe it will takes time. There are countries not yet adopting on it so its not that easy.

What else do we call a currency? Bitcoin has this quality and property of making the transaction happening and has all the traits that any currency would have. For example Bitcoin is highly liquid which means to say it can be easily converted into cash.

It is used for instant transaction which is another property of currency. The more you explore Bitcoin, the more you come to know about its nature as a currency.

Bitcoin has brought forward the idea of a digital, cashless society and the coin has great prospects in the future but currently the coin is not worth to be a currency, though it is a great investment asset.
Bitcoin is too volatile to be a currency right now. A strong economy needs a stable currency. However, the coin's blockchain which ensures secure transactions throughout the world is a great feature of the coin.
Also, another obstacle is the coin's decentralised nature which makes it not bound to any rules and regulations but at the same time can be a disadvantage for the coin.

Yes maybe in the future if bitcoin will be recognize around the world and bitcoin is also a digital currency  compared to paper money but it takes a lot of.procedures to become a currency in the future.

Yes definitely Bitcoin  is very worthy because Bitcoin is gaining a lot of users in today's date and it is the cryptocurrency with the highest demand in the market.It is the most expensive crypto and is the father of all the cryptocurrencies.It is the best option in today's date for investment purposes  because the price of Bitcoin is rising and therefore it is giving decent amount of profit rates to its users.It is also getting support from some Nations now.

Volatility is not a weakness because in this way the price can grow even more depending on the supply and demand so we can expect higher prices in the future since the statistics in the market is increasing in a fibbonacci sequence.

As use of bitcoin increases in real market, it will be evaluated as a currency by experts. To accerelate this process, volatility of bitcoin must speed down and bitcoin supporters should work to make more  companies accept payments in bitcoin. It is our job to make it a payment tool.

Yes surely it has the potential to be a currency.It is one of the top most cryptocurrency and can easily replace the paper currency in coming years.Nowdays gold and bitcoin both are considered equally important for investment.Mostly all companies are accepting bitcoin for all transactions .Number of users are increasing day by day  and so its worth.

I think this bitcoin is worth it to become a cryptocurrency but always remember that there is always a positive and negative side. Bitcoin can be currency i guess but not now.

Bitcoin is a digital currency that accepts to us because bitcoin has lot of benefits where taken from it . This is worth to be cryptocurreny yet this is part of the cryptocurrency and many people granted it .

Assuming that Bitcoin will become the world currency, do you think where not going to have a problem in the internet? Because, we all know Bitcoin was useful only if we have data connection, and all transaction that we are going to make using Bitcoin will be register all the records in the blockchain before we receive the confirmation. And all this was being done thru internet only.

there are still work that has to be done before bitcoin becomes a worthy currency that will replace the fiat currency. few that still pulling back bitcoin is the regulation along with its volatility and scalability.

No they are not worthy, but they have the characteristics needed to be a currency, and if even fiat currencies can be said to have those characteristics then we need to accept that bitcoin has those characteristics and more to be considered to be a form of money, what it happens is that they do not want accept it because they know that if they do it, people will put fiat currencies and cryptocurrencies at the same level and governments do not want that.

bitcoin has carried out its role as a crypto currency with smooth and proportional smoothness, but the characteristics of this coin do not match the real currency system and have the potential to make inflation on fiat if implemented together.

for public businesses, it is better if bitcoin is only designated as a commodity asset and still considers fiat as the only viable currency to be traded to various groups of people, but bitcoin will remain feasible in its own business world. So there will be two balanced economic patterns.

My opinion about cryptocurrency is store of value or digital gold. Cryptocurrency should be not controlled by a person or a group because its decentralized.
Bitcoin is different with digital money, most digital money right now controlled by central banks and its just fiat money with digital form. I am believe bitcoin worth to be currency and will become a global curerncy

yes, of course, bitcoin is very worth it to become a currency, because the total supply is very limited and may also be due to the influence of very high demand so that the price of bitcoin has a very clear and valuable influence.

I think for now bitcoin is not yet worth to be a main currency because bitcoin is not stable in terms of its market price, so I think bitcoin is not yet ready or worth for no to be a currency.

Yes Bitcoin is worth to be a currency, it is the currency of the moment and the future, mostly for online and global transaction Bitcoin is the real answer to the cashless policy advocacy, but for this to come to reality government must have an influence and stake in the circulation and regulation of Bitcoin as a currency

Bitcoin as currency already proven its worth as it was already used successfully in direct spending, payments and even as salary payment for the workers like in Japan therefore no doubt it act as a currency and all that we need is to improve the development of the transactions in the block chain that it may use instantly like the fiat currency.

maybe if bitcoin used as payment at international trade and for exportir or importir, its demand and price will rise sharply.bitcoin will give them less fee if compare with conventional payment

Yes, it is truly worth it to make Bitcoin as a currency, but they need to improve it more to make the price of it in a stable price and would make it a good thing to make it a currency in the future.

Stable price?! The fact that bitcoin's price is not stable is the thing that attract so many people and investors.
I do not understand the question 's Bitcoin Worth To Be Currency?' bitcoin is already currency and it deserves to be on all exchangers, in banks as well.

People will only use bitcoin as commodity for digital assets as they think that this will become more expensive in the future. That's why they buy and hold for the best price to come. Adoption has not being practice due to price volatility and manipulation with some bigger investors that own huge amount of bitcoin.

Yes bitcoin is definitely a good currency already but not for the centralized currency rather it is good for the decentralized system. Bitcoin is used to invest from ICO projects to payments, and other decentralized transaction where bitcoin is being involved. However, if it is all about centralized currency then there could a conflict and most likely bitcoin would not fit on centralized currency.

I believe Bitcoin will be considered as a legal form of digital currency worldwide and may small establishment will accept these. As we look into its concept and platform, we saw its potentiality around but some government authorities still doubt of these and some thinking of huge money laundering happen. And some worries that, crypto won't stay long for us and causes only economic threats to us.

Since the price of bitcoin is to much high plus there transaction speed getting slow bitcoin is highly volatile which can not be wroth to be currency.

It can be consider as online banks or the place where we can store our money. Maybe in future when the price stop increasing and become stable not only people but government also accept it as currency and use it in our daily basis.

Those bad impressions still keeping bitcoin being accepted as a payments options, its a digital  currency indeed but there's less end users who use it instead they are keeping bitcoin as an assets to invest their spare money, for me it's good to have an alternative like bitcoin especially inside this digital era, being a currency to advance payment process can be a good sign of innovations, bitcoin just need to resolve issues that still in questions.

Alas.  It would not be desirable to finally see the digital currency as a means of payment, but the opinion that Bitcoin can cope with this erroneously, because of the volatility!

I think it is worth it. It deserves to represent a certain value. It is capable of trading well and can help a lot for the economy later. It should be guaranteed and used more. It can contribute to the economy and it deserves more trust. Hopefully in 3 to 4 years it will have more noticeable changes.

agreed, you have explained very well.

You have stated it very well my friend, and in my own opinion, I for myself think that Bitcoin is worth to be a CRYLTOcurrency, and as for being a currency, I don't think that the people are ready for it, and as for BTC I think it can somewhat be ready, but not yet fully ready, It needs moe development if you'd ask me.

Yes definitely Bitcoin is very worthy to be a currency. Bitcoin is the top most cryptocurrency in the market and it is the most expensive and valuable one.It is the oldest cryptocurrency and has the highest number of users.The demand of Bitcoin is also very high above all the altcoins and cryptocurrencies.Bitcoin is the easiest way through which one can earn a lot of money and that too in a short period of time.It is a money making machine and we should definitely take advantage of it.

Bitcoin can be an alternative to fiat. It definitely can't replace it. But can be a medium to make transactions and play globally. But there will be a lot of resistance to this from all over the world because in this centralized world, a decentralized monetary payment structure that too globally won't be accepted by the governments and banks of many countries.

Those are great arguments but the definition of currency may be different. There is no absolutely right definition. If anything, it may even change over time.

Of course. I Bitcoin is not worth in crypto currency. Maybe cryto currencies will not be famous like this. Because Bitcoin more and more people know the crypto currency and use it too. Therefore Bitcoin is very valuable.

Bitcoin was created to be the currency and assets used worldwide so it is perfectly deserving of becoming a common currency. Bitcoin can become a widely used currency because of its fast and secure trading. In addition, ETH and XRP are also coins that are likely to become very large currencies.

It's possible, along with the existence of developments which until now continue to be carried out, maybe we will see that bitcoin can be used as a currency in the years to come because he has had its own value during its development both as selling points, payment instruments, and investment media.

I think at best, Bitcoin is currently a store of value and at worst a speculative asset. It is barely used as medium of exchange, as it is as of yet not widely accepted as a means of payment. Most transactions are of a speculative nature. Moreover, Bitcoin’s value is currently way too volatile to function as money, as it is not a reliable store of value.

maybe there will be pros and cons regarding fluctuations can be used as a currency or not? some say it could be because it can also benefit to you. some others are contra because it will make a loss to the buyer or seller. for myself as long as the seller is ready with all the risks. then bitcoin can be used as a currency

Bitcoin worth more than even a currency. Bitcoin is dynamic and offers several benefits which includes the feature of a currency. Bitcoin is considered a currency because it offers security in the transactions, speed, low costs and owner control of transactions.

I don't think it's worthy of being a currency, not because of the technology, but because of its volatility. need a low level of volatility to be used as a currency. currently bitcoin is an investment asset, and it is not time to be used as a currency.

that is why bitcoin became more like an investment rather than just a currency, with the conversion of bitcoin to fiats has high fees and now it does became a great medium for investment like forex, as volatility is high, bitcoin being a currency to be used like fiats seem have a gray area, meaning as we speak, it will definitely not gonna replace fiats nor co exist on an equal value as dollars or local currencies.

we must accept that bitcoin is functioned as a currency but it is a digital currency. Bitcoin is now accepted for payment in some countrties

Ofcourse, Bitcoin is a currency but is in digital form which has brought many cheap uses and we have benefits everywhere. We should not fall in this discussion because it will waste our time, I am saying this because Germany is a developed country of wise government and people as they showed quick actions towards Bitcoin. They recognized it yesterday and tomorrow it is their payment mode as well as banks are using it as payment of loans.

I think bitcoin can be categorized as money because bitcoin has fulfilled some requirements to be money in economics, such as having value on other goods, can be used as store of value, generally accepted, etc.

I think yes, it is worth to be a currency even if the price is rollercoaster in the start up to now. Because it is generate in the internet and it is the king of all crypto world, cryptocurrency is known because of bitcoin.

Bitcoin has whatever that qualifies an entity to be a currency. It can be used just as normal fiat currencies. It is only a decentralized and digital currency.

It is interesting that you mention this because governments are the ones that are making the media to spread false information about bitcoin being mainly used as a way to launder money, and then other politicians begins to be influenced by that information and suddenly you have a cycled that feeds itself in which the media spreads false information and the government believing them takes actions against bitcoin and then the media reacts creating an eternal cycle

That can be possible in next few years. When most of the coins are mined, the price will get stable as well. This is because most of the people would not like to sell their bitcoins at that time as it will become very precious and get accumulated to limited people only.

when most coins are mined  , the value of bitcoin will possibly rise and that can lead to dumping again because majority of the people will now sell thier coins in which it can cause for the price to become unstable due to severe fluctuations . bitcoin will remain this way , thats why i think it isnt really worth it to become a currency .

most of us will permanently treat bitcoin as an asset only . while other cryptos such as altcoins can also be used for a currency purposes .

Bitcoin should be and is more than just a currency. With all the currencies in the world, bitcoin was able to be the most versatile and flexible in everything that currencies should be. It meets the important criteria that many currencies both in real and digital world lacks in their system or the way they are being used.

Bitcoin is a digital currency and is always acting as currency which can be used for different purposes both as an investment source and payment mode.

If you have Bitcoin right now then look at its market value and then tell others that you have precious coins though stored in digital form but works well than anything. Now, German banks are using it as loan payment so the cloud is growing and expanding with the passage of time.

Directly they will implement Bitcoin as cash but we can use them for online stores for payment, in the coming days it makes easier for us holders we use them anywhere in the world. In the coming days, many stores will start accepting the Bitcoin as one of the payment methods.

in my opinion, bitcoin can be used as a currency if all countries can accept and support bitcoin because if all countries support the price of bitcoin will be stable and can be used as a currency and will make us easier to use

Bitcoin worth the tag of a currency since it can perform almost every function you would expect of a currency. There should be no counter opinion about it.

Bitcoin have a potential and can be a global currency and used in many country in the world. Many advance country already accept bitcoin as payment and more country will follow this step. I am believe bitcoin can be currency and it will help tourist much

Yes probably. Especially today that it is famous and more and more people wanted to engaged with this. Its popularity is boosting today therefore we can really see the huge possibility of it being famous worldwide and this will be the stepping stone for it to move forward amd replace fiat.

Whatever the function of bitcoin before and whatever people's definition of bitcoin. whatever deficiencies are obtained from that
payment method. if you can use bitcoin to shop/spending and people accept payment with bitcoin. I think bitcoin is worhted to become a currency

Yeah, bitcoin worth to be currency, we use it as a medium of exchange as a store of value and as for volatility it is really high, but once market will be regulated and total market cap will increase to 5-10 trillion, BTC price will be less volatile and people will call BTC true currency. I believe it will happen, what is more, it seems to me that some countries can buy BTC as a gold reserve and in this case we can easily call BTC as a currency.

Your post is good and i appreciate. Its to much hard to accept bitcoin as a currency. For me  it should not be a currency especially global since its volatile and can not be trusted.

There's a lot of disadvantages of bitcoins it can be stole, it can be hacked we can lose plus most of countries has restricted to using bitcoins so maybe it can not be called a currency it should remain Internet's money.

It's our duties to participate in campaigns such as bounties, facebook ,twitter and etc. We're the one who would like to choose which reliable to us and in my choose is only bounty program in where it has a bigger allocation to distribute tokens. It's more stressful for me to join another campaign so I only focused in only one program.

What i think is bitcoins are not worth to be a currency rathar then having huge plus points and financial benefits. Actually bitcoins do not fit the criteria for setting up as currency. It is rather a good decentralised currency having all those benefits and features we all want here. The ubstable markets for decentealised currency makes the coin go much popular amongst the traders.

Benefits like mining, trading, anonymous gambling, etc gives us a lot of benefits as there are a number of ways to make our lives financial stable. If they are made a currency all these features will be then vanished which would not at all liked by the community here.

So let bitcoins stay as they are and they will make us happy. Instead legalising bitcoins can be a major issue and can be beneficial for us.

Exactly, even if bitcoin deserves to be a currency, I still would not support that idea because it would make bitcoin gloomy and lacking in investors when people just use it as a currency, no longer a place to invest. And the most important thing here with this change is that we can no longer make money, dream of becoming millionaires and earn extra income with crypto to be destroyed, I do not think people will be happy when they face the situation, they take a hammer and then throw it at their feet, it is unwise and painful action

No i don't think so that bitcoin is worth to be currency because if in anycase it will become currency then no scope for investment will be left. People invests in bitcoin to earn number of profits and make the money double. And this will not be possible if bitcoin will become currency. So according to me bitcoin is not of the worth to become currency.

And aside from that many countries don't want to make it as a currency because it will be a threat and they cannot be able to control it. So for me I think it is not worth be a currency.

In my point of view bitcoin is already a currency , a digital currency.
But unfortunately because of its volatility it cant be legalize or formalized rather as a currency like peso ,dollar,euro ,etc.

Yes, Bitcoin is designed as a currency. Now Bitcoin has begun to be applied in various financial systems in the world.
Slowly, I am very optimistic that someday Bitcoin can become one of the major currencies in the world.
Even in the future all financial transactions will be digital and that is a very good start in expanding Bitcoin coverage.

Bitcoin is digital currency, and I think it has potential to be a currency but the only problem is what country will accept digital currency since it is not fixed its value. If the value of Bitcoin is become fixed then possible it will be currency but since its fluctuates it hard to be a currency and the government will not allow it. Bitcoin have the highest value in cryptocurrency and its price is always changing which is the currency in other country is fixed.

I already use Bitcoin as a currency and payment method so to my opinion there is no doubt Bitcoin is a currency.
On the other hand some experts think that Bitcoin can't be considered as a currency because it's not issued by central financial institution, so central bank and it isn't under some central control and regulation.
But as Bitcoin and other cryptocurrencies are growing and taking more and more relevant place in everyday use and economy I think such opinion might change in the future.

I don't think it's a problem if you call Bitcoin a currency or some other person who says Bitcoin is a crypto asset, but in my opinion Bitcoin hasn't fulfilled the requirements to be called a currency, I better agree Bitcoin is referred to as crypto assets...

I think Yes but not completely a currency like fiat, cause bitcoin as a currency will be complicated cause its volatile and but it can be an international payment transaction online cause sending payment thru bitcoin is fast and less hassle than other payment transaction online.

Bitcoin is a currency, just because not a lot of people are using it like that doesn't mean that it is not a currency, also even if bitcoin becomes really popular and most people begin to use it mostly as a currency that doesn't mean that you're not going to be able to speculate with it, you just need to look at the US dollar, the most popular currency at the moment and yet people love to speculate with its price.

Bitcoin is worth being a currency because it has all the quality. A currency is primary used for the exchange of goods and services, which bitcoin already does.

Bitcoin isn’t a global currency ready to replace national currencies, including the mighty dollar. That’s a myth.

At least, that’s the message from the recent emerging market currency crisis. The digital currency is crashing in tandem with emerging market currencies rather than rallying, as Bitcoin investors would have expected.

Bitcoin is already accepted as a payment method in some stores. If bitcoin becomes a currency, it will be good for all world.

In my perception bitcoin is already a currency with form of digital money. It is already being used by some countries to purchase in an online store such as amazon that called e-commerce. And Japan country is one of the good example by developing bitcoin to its country.

That is right about Bitcoin being accepted already in some of the shopping malls and companies around European countries and America but this is not the case all over the world. Only the developed countries can make use of the benefits Bitcoin offers.

And yes it has all the qualities to be a currency and experts call it the future currency of the world but in the mean time people are still uncertain about whether it would boost the economy in real terms or just momentary boost. This is something which refrains these people to accept Bitcoin as the primary medium of exchange.

I think it is worth that bitcoin would become a currency in the future because there are many countries in the world now accepting bitcoin as direct payment in their shopping malls, mostly happened in European countries. But to totally happened this worldwide would take a long time to go because majority of the countries are still not accepting bitcoin directly, but it is started recognized by it's great uses of source of income that could really helps improved economic growth to every countries patronizing it.

Most of the government still didn't recognise thee bitcoin than how can we treat it as a currency. Still, bitcoin is an unregulated currency which we cannot use them in our local countries. Everything we have to wait and see how bitcoin will be treated in the coming days.

I think it is only valuable as a currency, all of this "investment option" for bitcoin has gone too far if you ask me. At the start of all of this bitcoin and crypto world the currency started as something that would be used all around the world as payments and using it to buy and sell stuff.

Right now its mostly people who has not seen the troubles of fiat currencies like dollar and they are trying to just put in x amount of dollar into bitcoin and than take out 2x amount out of it, in the end they still end up with dollars after all, I have for example only withdrew the amount of money I spend and whenever I need money I cash out but the money I do not need at that moment always stays in crypto because i believe in the idea behind it and not the potential wealth it would bring me.

it could happen because we all cannot know for sure what crypto currencies will look like in the future if crypto currencies have been inaugurated as a currency that applies to all countries and the government of course crypto currency can be a substitute currency for fiat currency

bitcoin is worth exactly as much as it is given, but the point is that it gives money based on expectations. so draw your own conclusions

Just because David Yermack says so it doesn't need to be true. And his thoughts are clearly what we know as FUD on the overall industry. Fear, uncertainty and doubt are always present in the normal behavior of humanity when something new is appearing.

It's true that maybe Bitcoin can serve as currency now -mostly because it's scalability issues- but it's true that also now serves as store of value and wealth transfer. Wealth transfer can never been so easy, cheap and secure like it is now because of Bitcoin. You have the certainty that the amount of Bitcoin you send through blockchain will be the amount of legit Bitcoin your counterparty will receive. No double spending neither counterfeit issues. This is the intrinsic value some people deny to see.

The technology itself is what gives value to Bitcoin so it's false it's value it's taken from nowhere. What really fails to meet the criteria as currency is the fiat we're using right now. The biggest scam in history  ;D

Even if people used bitcoin as a currency instead of an investment it does not mean that big profits will not be possible, you will just need to change the way you do things that is all, for example if the movements of bitcoin became more stable then you could use leverage to make money with bitcoin and the lesser volatility, but do not worry a stable bitcoin will not happen soon.

I think when we overcome the limitations of bitcoin, it is fully deserves to become a currency, if we have not found a solution then it is still a means to store it.

Oh yes it was a good history to our world and also in cryptocurrencies, they said kings of all kings in the crypto world as I will be agreed on that because of being no.1 in market and also most profitable by holding bitcoins.

With Bitcoin's global acceptance and recognition at the moment, we can say clearly that it is fit already to be called a currency even from its name. The bitcoin is the future of currency and already being prepared and programmed to toll that path.

of course, in my opinion Bitcoin is worth to be currency, now only how the government can give legality to Bitcoin as one legal and safe payment, because if the recognition is given by the government in each country then Bitcoin can already be used to transact selling and buying basic needs and others..

Yes, bitcoin is worth to be a currency. It already plays an important role in economic system and it is accepted as payment currency in some countries.

Currency = no
P2p medium = yes

Currency is something that is related to one country economy not consensus.

Well for me it is the best option to choose from and I believe that bitcoin will not become a currency in the future but will be the best thing to consider when making any payments and you can see that the market is constantly fluctuating and bitcoin prices are constantly adjusting and falling sharply, the bitcoin price fluctuations as much as the current time is due to bitcoin No country, or any government control, so bitcoin always fluctuates even in these coming days.

Yes but i think its not easy to be a currency because its value is always changing while if the currency needed it should be have fix value. I think its better if Bitcoin is only good as an asset because there is possibility give you huge profit. Bitcoin is better for an alternative currency as payment especially in transaction.

Yes bitcoin is a currency and we have option to use this currency for various purposes crypto currencies is a vast market and now a days the market is down other wise we would not leave it like this the traders were actively trading crypto and it is worth to every one for their bright future it is a kind of side business for me and it is fruitful in the future ii am thinking in long run.

maybe at this time not yet if all countries had legalized crypto currency as official currency and could be used as currency as possible it could have happened

Bitcoin can't be popular if its features was not a good things. But why it became popular? it is because lot of investors believed in its capabilities, until such times bitcoin  reached the high peak levels of its price in the market. Where some of the country regulated it then like Japan and more, and most Asian country also had their exchange platform that accepting bitcoin as their mode of payment. So it is cleared, that bitcoin worth to be a currency.

In my opinion. whether or not the crypto currency is the currency used by the transaction if the crypto currency has a price determination. so, if the crypto currency continues to experience price changes, in my opinion, it is better for this currency to remain a trading commodity. but the crypto currency must be legalized so that traders will be protected and feel safe when using crypto currencies.

Yes definitely bitcoin is very worthy to be a currency.Although it is a cryptocurrency but still it has the capability and potential to overtake the normal currency.Bitcoin has many advantages over the normal currency like faster transactions.Bitcoin is also a money making machine and one should take advantage of it.Although the prices are down but still bitcoin is a good option for investment purposes as it gives decent profit returns.

Based on the descriptions that are given, Bitcoin, of course, cannot be recognized as currency. However, I still believe that in some cases it may well be considered and perform the function of a means of payment. However, he can walk in society, like the other decentralized cryptocurrency, only in parallel with the national money of the states. As the main currency in the state, it can not and never will.

I do respect the countries that accepted Bitcoin but I don't think it is that worthy especially right now. The price of Bitcoin as we all know is so volatile, the price go up and down, just like that back and forth. If someone will be accepting it as a payment method, it will be their loss and it will be really hard dealing with that moving price.

Actually money is a representation of gold. Paper money it self don't have intrinsic value which can equal with gold but bitcoin has the same characteristics as gold although bitcoin also don't have intrinsic value. But for me since bitcoin maximum amount is limited and can't be counterfeited then bitcoin is worth to be currency.

indeed to make fiat money must have gold reserves, but in my opinion between bitcoin and gold is different. with a limited number and a decentralized system, the government cannot control it, so there are still many governments that don't like it

Actually, there is also paper which represents gold, currently price of gold is price for that paper.
Similiar could happen to Bitcoin, in that way government could control Bitcoin.
It is easier to follow and collect informations of cash flow of Bitcoin than cash flow of paper cash.

- From a legal perspective, bitcoin is really not recognized as a currency when its features and problems are not suitable for currency, it is only suitable to become an investment asset but if we stand in the perspective of bitcoin users, Bitcoin is always recognized as a currency but this currency is not so common in everyday life, very few people use it. Because for people who do not know bitcoin, bitcoin does not create credibility for them and they do not want to use it, with investors and traders, even with bitcin users, they also do not want to use bitcoin when the value of bitcoin increases over time, using bitcoin as currency will be wasted

In my own words, I don't think that BTC is ready to be considered as the currency that we'll be using in the future, the prediction is too vague, Bitcoin needs to develop more and people need to recognize about BTC first and how it could benefit us, its quite hard but nothing is impossible though, just wishing that BTC would continue to develop as alts would likely to evolve as well.

For me gold is Nothing in front of bitcoin because bitcoin has strong system which keeps it safe and away from all harm’s but gold is hard ri keep safe with you because it can be stolen as well as it improves the price deadly but it falls faster than the flow of water so I don’t like investing in gold while i feel safe with bitcoin.

We cant compared gold to bitcoin in currency form cause they are totally different from each other.  They aren't competing anymore cause they have different in purpose.

We/some of us are started to used bitcoin in buying stuffs and do paying bills. It can be used as a currency if it is accepted and it gonna be easily to used than of paper money.

Of course Bitcoin worth to be a currency, because it is already simply used by so many people around the world to buy and sell items online and offline, and it is mainly created to be a currency, with so many attractive features making it better than fiat currencies.

For you it might be but for me, it is not. Bitcoin is being used by a lot of people around the world, that might be right but the thing is that they are just using it as an investment. Who would want to use a currency that changes its prices eveey sinlge time? That is really frustrating since people should really look on how they will be able to earn their profit and if they will be using Bitcoin, they will deal with its volatility that is really hard to deal with.

I think this will be very difficult, because the price of bitcoin is very volatile and occurs in a short time and it will make it difficult for the government to stabilize the prices of basic commodities for the economic needs of the community. but to be an investment asset, of course crypto is very valuable.

What's important is that bitcoin has value and price, and there are many millions of users and agencies that accept and use bitcoin.
it is the key to the definition of the currency itself, as long as there are people who accept, you can use bitcoin to shopping

I will not patronize it if it is not worth. There are now many users like me who using bitcoin in our daily lives. I use my bitcoin for me to buy goods and services and also for me to pay my bills. The traditional payment system is really too slow and bitcoin is the solution to the slow transaction in our economy. It is really worth it to buy bitcoin because of its functions and benefits.

Wow, happy to hear you are using Bitcoin in everyday life. Of course, there are many ways to do it (https://cryptodetail.com/10-ways-spend-your-bitcoin) right now, we just could make it a habit.
I don't really sure BTC will be a currency a future, but it surely will be gold, an asset for saving your money.

I think bitcoin should not be a real currency in the world but at least it can help us in my daily life that is enough for me and I think bitcoin is becoming a financial addition besides me working it is more than enough

I agree with your pattern of thinking, and it would be nice to make this bitcoin not always the forefront of world currencies but we deserve to maintain bitcoin into a human tool in today's technology that I think is enough for me

I think so. I think bitcoin can coexist with fiat currency is good, so it's bitcoin as an alternative payment besides fiat. and the main thing is that such a position is recognized by many governments

Yes, definitely because bitcoin has it's potential to be accepted as a currency that can be adapted by everyone. With the ideology bitcoin possess it could change the payment system and great adoption for bitcoin is spreading like wildfire all over the globe.

Bitcoin is a great try in cryptocurency field. However, it is the first one, thus there are a lot of disadvantanges for Bitcoin. The ecology is not complete, the situation where it is using is limited currently. In addition, the conflict between centralization and decentralization cannot be solved in short time.

First, Bitcoin is known to everyone in the world, definitely needs an internet network connection, so it's difficult to make Bitcoin a paper currency that can be used by many people today.

what you convey is very true if bitcoin is acceptable to the government and officially becomes the currency that applies to all countries, of course bitcoin will become the currency that will be needed

it won't happen if bitcoin becomes a real currency, because bitcoin is already destined as a digital currency that can be used in the online world. and there are still many countries that oppose bitcoin too

For me it does. It's not a simple technology and took many years before it can be used and another thing is that is unhackable. Bitcoin is the answer for data loss and trust gap in businesses but fiat lovers that are ridiculously rich does not want that to happen.

yes, for now there are still many things to consider before making bitcoin into a currency. well, you know that one of the problems with bitcoin on this side is price stability. it makes it not so suitable to be a currency. other than that, when bitcoin is made into a currency, there will be very many rules that conflict with that. so I think at this time bitcoin is not ready to become a currency.

it still takes process time and of course a long step for that all legality from the government and recognition from all levels of society to the crypto currency and that might be very difficult to happen and we all cannot know with the times and technology developments

not yet and still requires a very long time and process and of course the time of government legality as a currency that applies the recognition of all levels of society as the official currency that can be used as the applicable currency

Even now there are more countries around the world that doesn't have proper internet connectivity. By this time it is impossible to make each and every people understand about the need for bitcoin. In this regard it needs long time for widespread and usage as a currency same as the traditional currency that is in usage all around.

As far as I can see bitcoin for now is not yet worthy to become digital or virtual currency, because it not stable even the market is not, and there are still many country who had not yet recognize bitcoin as currency, its not yet legal there are some irregularity going on, I believe its still in the process.

since the price rightnow are not too volatile , i think bitcoin are aceppected as currency might be happens with the "base" function of bitcoin itself

Still in process but also in progressive movements, bitcoin already gained businesses who accepting as a payment process, some countries also adopts
bitcoin as a mean for payment system, little by little the real intentions of became a legal currency are showing a big interest from people who already
used and seen the advantage of bitcoin as alternative money.

As I see it both of you don`t know much, so better educate yourself before you make any kind of assumption. I will give you definition, you can start your education from there "Currency refers to any kind of money that is in circulation in an economy, used to purchase goods and services" Can you use bitcoin to pay for something, can you buy something with bitcoin, and last can you pay some service with bitcoins? All tree questions have a positive answer, crypto community is maybe small but it`s growing.
Ask yourself what represents bitcoin, what legality means and what is better for your and your children future!

For now, I think bitcoin is not worthy of being used as a currency because volatility and fluctuations in bitcoin are still high. I think bitcoin is more worthy of being a digital asset for investment because by making it like that bitcoin is more useful compared to being made a currency because if bitcoin is made into a currency then bitcoin must meet the criteria that must be owned as official currency while bitcoin is physical do not have any.

In my opinion the currency is not because the value is very volatile but can be a payment option for people. and also the main ones are trade commodities and digital assets that have selling value

If the Bitcoin was also been like a normal paper currency then the popularity and the market will definitely not higher than the normal currency so what is my opinion is bitcoin to be present in online only will be the good idea and it will also be the safe on way to make with sign more valuable.

Worth it or not, the question is very abstract. Because everyone has their own opinion on their own account. But the bottom line is that Bitcoin (or another cryptocurrency) will (possibly replace) conventional currency in the future.

It can be a possibility, it can be not. There are a lot of things that may happen in the future but I think Bitcoin will stay as it is in the future. It will continue as something that we invest in amd we hold in order for us to earn our profit. That just means it will stay as a a investment ir an asset rather than a currency that might or will not replace the conventional currency.

I think if bitcoin becomes like a normal paper currency in the real world its value will not rise and remain stable in the numbers that will be determined, therefore many have not ratified bitcoin as a payment tool in addition it also has fluctuating values ​​that continue to move accordingly total market capitalization.

I am still using Bitcoin for trading so there is nothing will be profitable for me like Bitcoin will giving me so it can be the best cryptocurrency at the top position in any period of time.

In a few country like Japan, Germany bitcoin already accepted in merchant and its already like as fiat money. Bitcoin is currency and store as value and as investment. I am agree as investment bitcoin still high risk because there is no government regulation but if ETF launch, there is should be no question about regulation anymore

The Bitcoin is still in the top position of Crypto market because of it had lots of support from the people and the investors and the popularity will increase everyday due to the market and demand of Bitcoin show the best currency for investment and trading will be Bitcoin only.

I think it will never happen, paper money can be printed anytime unlike bitcoin where there is only a specific supply.
The demand will increase then the price will rise, I think it would be nice to see it stable a big and with good price movement and with that, people
will not be afraid of using it as even if the value will change but if it's uptrend it's very attractive to them.
Bitcoin and paper money can co-exist, we don't need the majority of people to adopt crypto because it seems not viable.

I Think , since bitcoin was bit stable rightnow at 3500-4000 , become a "real" currency can happens , just see the demand of this bitcoin at social place

Bitcoin has got all that it takes to be a currency. As of now, there are stores and businesses that accept Bitcoin as forms of payment. The only factor hindering Bitcoin to reach its full potential as a currency is the issue with the governments. Most of the government across the globe are unwilling to authorize Bitcoin hence the people fear to integrate it into the payment systems. However, this trend will pass and Bitcoin will meet the mass adoption some few years t come.

Worth to be currency doesn't mean replacing fiat right? some people use paypal also and worth to be used as a means of payment but it does not mean replacing fiat. in my opinion at this time though bitcoin is worth to be used as a payment method or currency, bitcoin has a rate to be used as a medium of exchange, and currently there are also many merchants who accept it.

There are lots of advantage from the Bitcoin to be performed a good currency here but when Bitcoin came to your country legally it will affect the usage of normal paper money that's why it will not be accepted by the government also but in the future it may be possible the economic situation will be good for the country.

Maybe yes maybe no, It's all just an estimate that will be a big question mark seeing Bitcoin be a currency in all countries. It was a bad impact with banknotes that some people no longer used.

feasible because the beginning of the appearance of bitcoin is considered a currency but is digital based. When used as a payment instrument, it is very efficient in conducting transactions.

We still using bitcoins as mode of payment even it has characteristics of being volatile. We know that it is really convenience to use bitcoin because it is more faster and better than the traditional payment system.

Users of the bitcoin will not patronize bitcoin if it is not worthy to be a currency. There are many merchants that are now willing to accept cryptocurrencies even the price of bitcoin is unstable.

to be able to become a whole currency bitcoin still can't, but to become an alternative currency bitcoin is very suitable to use, if in large trade and between countries then bitcoin can be an alternative tool to pay, because bitcoin in all countries has the same value, very different from ordinary currency, each country has a different value, this can make the price difference very sharp, but if using bitcoin as a medium of exchange things like this will not happen, but bitcoin cannot be used as payments on a small scale, and not all countries has supporting facilities for digital currency technology.

day by day there is new merchants that start accepting bitcoin as their payment methode.and it will make bitcoin usage and demand rise alot.investors become more confidence if bitcoin slowly but sure adopted in online or offline merchants in all of over the world.and more east to make old investors back to cryptocurrency market.

Strictly it may not equal the functions of our currency but in terms of online service it may be considered worth as a currency. There are so many things that it to has change like volatility but nevertheless it can be still be used as a payment system. I know these problems can be solved in the future human thinking evolves and the acceptance of things that are impossible for now might be possible in the future. Like, "What if bitcoin or any cryptocurrency will have a standard value in dollar regardless of usage?" or "Bitcoin prices will have a price tag that doesn't go volatile with other blocks of bitcoin?". These are ideas though but if this can be made possible then why not if it could actually help.

For me, it is worth to be a currency. Of course it is not like the paper money where everyone can use it. It is a currency for people who are using crypto on online transactions such as bills payment and shopping. The only difference is the function on how it will go on the market.

why is a discussion about bitcoin always interesting and constantly being discussed?
one factor is because whatever news happens to bitcoin and affects the price of bitcoin itself, it is certain that the news will also affect other crypto currencies.
so that any tokens that are in the holder or investor hold then the news about bitcoin will always be an interesting thing to discuss.

I actually disagree if bitcoin is said to be money because the nature of bitcoin itself is very different from money. precisely the existence of bitcoin makes it a good investment instrument for us to buy

but from its inception, bitcoin was intended as a transaction tool, which has the same nature as money. but because the price is going up, many are investing in it, like 2017, where BTC is getting more famous

i think we could call bitcoin as money.money and bitcoin has different definition.but both of them could used to as money.bitcoin actually blockchain that we often called it.without bitcoin maybe we will not see blockchain technology now.

I have seen a lot of people say that they want cryptocurrency (Bitcoin) to be their currency, and my question is – why do they want Bitcoin as their currency ?

The worst part of it is that they never give any good reason as to why they want it, all the reasons they give are just stupid reasons. Some of them are saying because their government is stealing from them and they also want to be anonymous…. That’s not a good reason, and Bitcoin can’t be a currency, because it wasn’t meant to be so.

In terms of payment bitcoin was good only for online transaction not for offline transaction. Just like doing trade in the market, since the volatility is the main point of why many of the communities got profit in it. Perhaps, if bitcoin is not volatile also other crypto for sure it won't stand for 1 decade.

Well may people don't yet see it that way because it's extremely volatile and you can't use something like that for stable transactions. That's why it's more of an investment at this point even though it was meant to be used. It will come eventually when this volatility settles down a bit though that may be a long time from now.

Yup, you’re free to make use of Bitcoin as long as it is allowed in your country. I don’t even think people should be stopped from making their choices, though there are some reasons as to why the government does not really like cryptocurrency (there are some that do like it though). As for being fast, I believe that when it comes to doing local transactions, Bitcoin is not the fastest. I’d rather use my bank mobile app to do transaction locally than using Bitcoin. I only think of using Bitcoin when I’m doing transaction for someone who is not in the same country.

Globally there is a requirement to have a currency that can unity the world, a neutral currency not used by any country, Bitcoin is the currency that has the solution to global currency requirement, Bitcoin is worth been a currency as it can be access globally. 

Now with the IBM partnership will MPCX release the platform earlier?

we never know what the state of bitcoin will be next year. because the country is unpredictable. so whatever rules will be set by the government, of course we must agree. moreover if the government regulation about making bitcoin as a fiat currency, then of course there will be many people who approve it.

Well for me, bitcoin is worth to be a currency but bitcoin or most of the cryptocurrency always getting the huge problem of acceptance. Yes, there are numerous company, store, etc. that accept bitcoin as a payment or a currency but they're some countries that won't allow it to some reasons. Also, bitcoins price is not stable, so it will be difficult for some company to make bitcoin a real currency. :)

some people believe that the development of bitcoin is enough to make people shocked. because the development of bitcoin is quite high. therefore many hope that bitcoin will become a fiat currency in the world. but in reality it was quite different. because indeed until now many countries that do not approve bitcoin are circulating widely.

When it comes to' worth to be a Currency' ???

It totally is, with this new integrated lightning system the payments takes 2 seconds , once we also used gold and stuff as a Currency , well guess what ? I think Bitcoin is the new digital gold , I strongly believe that in the long term graph it is going to increase and increasing for sure.

A currency does need stability and government recognition, unfortunately in both of things Bitcoin lacks some points but that doesn't actually mean that it cannot be used .

Even right now it is being used for buying many items .

But personally I don't think that I would use it as a Currency because I know the growth chart , a coffee that is of 10$ today brought with Bitcoin can easily surpass 100$ one day.
So am gonna keep them !

No, BTC is not forever a currency. For me, it's just a payment tool. People are misunderstanding the word "coin" and always think that it can become a means of paying them.
yes, it is currently being paid on some services. but it is still just a money transfer tool because when trading, Bitcoin miners will perform algorithms to process blocks and transfer that BTC number to another address. Every activity comes from Bitcoin's blockchain.

for now I don't think it is feasible as a currency because in my opinion the government in my country the government still prohibits crypto currency for transactions directly but as the development of the era and technology will become the required currency

it is true that for now it is said to be inappropriate because in my country it is still prohibited for crypto currency transactions but over time and technology, of course crypto currencies will be needed of course

I really don't think it should be considered a currency that can be paid in every means of service. In my opinion, the condition for being able to pay for all services, is that there is stability, supply is large enough to serve many people.
But Bitcoin really can't do these two things. Whales and sharks always make its price rise and fall on a quarterly basis and it will not make users feel secure when keeping BTC in their wallet.
Besides, supply is also limited. It should only be an asset to invest.

Bitcoin cannot be a currency in one country because it will be involved with the government that will have pros and cons in it, if bitcoin becomes the world currency it will be more appropriate, because all countries use bitcoin and can be used as fiat substitutes as alternative payment transactions in the country they, and that also depends on the country where they live because not all countries are the same.

Short answer: No
Long answer: Yes

To be able to adapt bitcoin as our standard currency, countries from all over the world must adapt to this kind of change including countries among the developed, developing, and underdeveloped stage. Due to discrepancies among the financial status of each country, others do not have access to basic needs. If that were the case, access to this kind of technology seems far from materializing.

In the long run where each country slowly adapts to change, they would inevitably reform and change their payment structure to a digitalized form- which would make bitcoin possible as a standard currency. But for the time being, I do not see it from happening anytime soon.

No, I do not agree with you. Bitcoin, like other types of decentralized cryptocurrencies, will always have high price volatility. Supply and demand will always be changeable. Because of this, bitcoin is unlikely to be used on a massive scale by business structures. High price volatility also creates common obstacles in the financial reporting to the tax authorities, since the price of an ace of a group of goods will constantly jump. On the other hand, when making large transactions in which it takes a long time from the moment of the conclusion of the agreement to its practical implementation, one of the parties will constantly lose due to price changes. Usually businessmen are not inclined to play a lottery.

Yes, Bitcoin volatility is its advantage and disadvantage at the same time. Bitcoin may well be a currency and means of payment, however, under certain conditions. In some countries, they already use electronic or physical bank cards, in which you can pay with Bitcoins at the exchange rate at the time of the transaction, but payments are made in actual local currency. In my opinion, this perfectly solves the problem of bitcoin volatility and there are no problems, especially for the seller of goods or services.