Bitcoin Forum

In 2017/2018 with the sharp increase in the price to the ATH of $18 000+, people were saying that Bitcoin can never be a currency with that kind of fluctuation and volatility in the price.

In the 3rd & 4th quater of 2018 up to Jan 2019, we have experienced a correction from that ATH and we are seeing much less volatility in the price. <The price hovering between $3500 and $4000>

Would you say that Bitcoin has shed it's speculator skin and emerged as a true currency, after this correction? I think with most of  the speculators left the Bitcoin scene in the last year or so and Bitcoin has truly transformed into a community of people who are more interested in the technology and using the technology as a currency. <This explains the stable price>  ???

Let's discuss, because I am very curious in what you opinions are about this.

Bitcoin is currently in the currency category in the digital, even though you say up, (In 2017/2018 with the sharp increase in the price to the ATH of $18 000+) to be a legitimate currency like one country's banknotes I think it's difficult at the moment. You know all countries already have their own currencies.

I would say bitcoin maturity as a currency not so much because of the price correction and somewhat stability now but because of there are better infrastructure on ground now that makes it easier to be deployed as a means of payment. For example,there are more  Lightning networks nodes-a second-layer protocol on the bitcoin blockchain that enables faster transactions and therefore make near instantaneous payments possible , There is more merchants who accept bitcoins than there was a year ago.

Honestly speaking there are a long way still to go for bitcoins to be accepted as matured currency. The key factor of a currency should be it's less volatility but currently or till now predicting this from bitcoins is not wise.

bitcoins are now around $3500 but no one know what will be the price value after a week. But consider the price between dollar/euro or dollar/pound it's predictable that there will be no big difference in near future in value.

bitcoins is still something good for investment but not everyday currency. May be Lightning Network will improve the Bitcoin and change the way we see bitcoins now.

Please see why I use bitcoins every time instead of Bitcoin (https://bitcointalk.org/index.php?topic=5101715.20) 🙂

I am not sure of that, because there are still many traders who want bitcoin to become crypto assets. So most traders focus on investment networks, not as crypto money. Maybe you can provide real data about investment institutions that use bitcoin and the marketplace that accepts bitcoin payments? Logically, everyone wants bitcoin to be an instant investment tool not as a currency. You can also see the daily trade between Tether and Bitcoin, both of them have the same daily volume, which means they are purely trading.

But we need to focus on accepting bitcoins as currency not a trading asset. The main obstacle we have now is that the transaction fees. I hope with Lightning Network we will be able to reduce it dramatically. The perception for Bitcoin as a trading asset should be changed.

When you compare the asset with current fiat system then the story is different.

To purchase a product worth $100 you are going to spend the following amount of bitcoins in two different price

@3,500 Dollar you will spend 0.02857143BTC
@20,000 Dollar you will spend 0.00500000BTC

Obviously you are holding your BTC so that in future you spend less.

Now consider valuing a product with bitcoins currency. If a product worth 0.005BTC then it's always 0.005BTC when you take off the fiat valuation.

I hope it make sense.

A bit less volatility and more stability will always help bitcoin to be perceived
as a true currency and there will always be market movements just like every
other traded entity.

I dont thjnk thus is a permanent thing though. I think because of its decentralised
technology and that it can attract a lot of speculators it is teetering on the edge
of a bullrun. A lot of people are passively waiting for the signal.

Yes because at the moment the majority of Bitcoin users make Bitcoin an asset, maybe only a few percent fully use Bitcoin as a currency. Now this is what must be improved because when more and more people make Bitcoin as a currency, the growth of Bitcoin users can be assumed to increase.

This should not stop people from using the currency. If you buy back most of the coins that you spend, then this will not influence you. I convert all the fiat that I would have spend on expenses and entertainment into bitcoins and then I use it. This way it helps to oil the merchant network and it stimulate the demand for coins.

The Lazlo excuse is getting old now and most people know how to use this to their advantage. <Buy at a low price and spend it when it is worth more or just replace it quickly>

The thread was created to highlight the fact that reduced volatility, strengthen the currency use case for this technology.  ;)

first let me say that bitcoin is still very new so talking about whether it is matured or not is a bit strange in my opinion.

in any case i think we can have two different approaches to this question which i think will modify and clarify the direction of answers in this topic.
one approach is to talk about how people treat bitcoin, another approach is ignoring what people do and focusing on what bitcoin CAN do.

so far i feel like all the replies, specially when you focus on the price and how people spend, are taking the first approach meaning how people treat bitcoin. while that is more than fine but it doesn't really tell us much about whether bitcoin itself is matured as a currency or not.

In my opinion the technology is almost complete, it only needs offline transactions and wallets lightning network support. Most of the work remains in the habits of people, especially those living in countries where their fiat is so convenient they still use it even in physical form.

Its not a problem to those of us whose fiat became garbage overnight and you need a pile of paper that you can't even get in the first place to buy common stuff... Here we are 80%ish cashless, with heavy debit card use. And indeed some elderly can't figure how to use a debit card, they lived in a time where our fiat was even stronger than the USD at times... There is this old saying about going to Miami (FL) just to buy groceries and buy twice as needed... (Its cheap, give me two!). So you can imagine that generation here purchasing things like Cars with a few banknotes (think Saudi Arabia lifestyle), after all this country in the 60ies was the world's first oil exporter...

I felt a bit like that two years ago when i visited a neighbor country, and i saw people paying with cash in a supermarket. It gave me nostalgia of how things used to be 10 or 20 years ago... But on the other hand if feels alien (and scary) to use banknotes and coins, i feel like i need to protect them for emergencies as they became scare here last year, and the banks still force you a small limit (around 40¢ in USD) to withdraw cash per day.

So as far as electronic money, we are almost there. I don't feel weird about those european countries talking about going cashless (even before talking about cryptocurrencies) it might perhaps become normal soon worldwide.

Also i don't think the price of a bitcoin is indicator of maturity, unless you mean it remains stable against a solid asset like gold. The USD is still fairly stable but because its going down (like all fiat), bitcoin should (slowly) always be increasing its price, not unlike gold. But to me this is a perception on the people, it is humanity that needs to mature toward Bitcoin, not the other way around.

It's possibly less of a currency than it's ever been in recent ish times.

The groundwork is definitely being laid for it to happen in a way it wasn't before. The people actually using it don't seem to be very interested in leaving speculation behind and the businesses attempting to offer it for the purposes of commerce seem to be contracting. That is of course partially related to beariness but even when it was vastly higher than now there was little to no mention of renewed merchant interest. 2014 was the peak of that probably, and it did not kick off.

I do not think you should only watch last ATH and the correction that followed after that, but to remember all past pumps and correction. I think today's situation is not much different from 2013 and 82.6% drop or maybe 2015 and 86.7% drop, after which we have long period of stability. Now we are in bear market or crypto winter, and probably this kind of situation will take whole year or even more.

It is hard to believe that volatility is gone, it is just temporarily frozen until a new opportunity appears and price is skyrocket again. I personally hold back my crypto spending now just because of what is Pamoldar write, it is not same to spend at 20k $ or at 3.5k $ - It is quite obvious that at a higher price you get more in fiat value, and spend less in crypto.

However for people who invest few years ago in BTC at 200$, spending is today an attractive option despite the relatively low price. It only confirms that BTC can be great store of value, but also currency - the advantage is to combine both possibilities at the right time.

In simple lightning networks can indeed be used as an alternative transaction, but not fully running transparently. Because you will see LN with blockchain not having an honest confirmation value.
Next, let's look at data on coin dance (https://coin.dance/poli), from 110 countries that accept bitcoin (legal), there are 23 countries that position bitcoin as a commodity, 52 countries that make bitcoin as a currency, 8 countries that position property and 2 countries position money. The data cannot be used as the main reference, because we do not know how big their daily transactions are with bitcoin whether they use it as a commodity or currency.

Yes, Lucius.. we have not seen the last of the wild volatility that we were used to, but for now most of the volatility has died down and much of this is due to less speculators pumping and dumping the coins.

They will return in their hoards if the SEC approve a Bitcoin ETF and then we will see even more volatility than before. The current price stability has a lot to do with less speculators in the markets and people hoarding their coins in anticipation for the next Bull market.  ;)

For bitcoin to matured as a true currency in the real world financial sector I think still there are certain qualities it should gain and stability of the price is significant among many things because high volatility can be definitely point out as an obstacle for bitcoin progress because it makes majority of Organizations and clients hesitate to combine there businesses or make payments with bitcoin because in a little time it can do a big profit loss so bitcoin might need more time to matured as a mainstream currency

There is still lots of speculations about the price, and i would say a lot of hodlers are still anticipating movements in the price, this is no suprise when you consider that most bought at a much higher price than it is at now, and would naturally expect profit from their investments.
The current price stability may be as a result of some other price parameter.

You are wrong about it. Bitcoin went down to $4k for the first time in the end of November, which is the end of Q4 2018. Before that, the price was mainly between $6k and $7k. The almost 2x decrease happened fast and btc is now stuck with the new price barrier. So it hasn't been really stable. Moreover, I think that while stability would be good for bitcoin as money, the price should at least reach something like ATH. Before it happens, people will not feel motivated enough to start using the coin. Remember that many investors lost the hell lot because of the bearish trend that came all of a sudden. Bitcoin has to prove that people who kept holding didn't lose, and then we can talk about maturity.

IMO, bitcoin is investment tool not currency ( yes, it has advantage as currency )
So they can't be compare because they are different.

Eventhough the government already legalize crypto, doesn't mean it has potential to replace fiat,right

I am in a really tough situation right now and i was able to buy a really important piece of hardware to be able to work online using entirely Bitcoins, which would have been impossible by other ethic means in that amount of time and with the other problems here. The place of talking about is Venezuela.

That proves it definitely have potential to be a really good currency as soon as it stabilizes. For now i agree it's better as an investment asset since it's still young and definitely not matured yet. Some years need to pass still until that happen.

I think nothing changed much in the recent few years, Bitcoin's adoption by merchants is growing slowly, Bitcoin's adoption as a donation method has increased a lot, and I'm encountering it in the wild quite often. Volatility has decreased only because of the natural part of the cycle, but it is very likely to soon return when we'll enter a new bull market. So, it will take many more years to truly mature, and the process seems to be slower than most people expected. Some people are betting on Lightning here, but I don't think that it alone is going to fix everything.

My answer is a confident NO. Bitcoin is at a very low price these days, we are at the end of a market cycle and trying to start a new one by finding that bottom. We will see a massive surge in price once the bulls are back into the game. I realise that the markets are pretty boring now, but we must get past hard times if we want to have massive success. ;)

Closer will be to halving more price will rise then we will have next correct i guess
In a case of technology i count for sidechain it looks like sidechain is already very advanced
I don't see bitcoin to be used like a currency i really hope on Bakkt can change it and bitcoin will be more in use like a currency

Bitcoin is a currency wheter or not is the price volatile, because it is made and designed to be a currency. Of course the volatility does affect people and it isn't really profitable for someone to use it only as a currency. And because Bitcoin is made like this, the price can never be stable, but Bitcoin is already 10 years here and it matured well.

And who said that the price will remain stable like this? Bitcoin will remain a violence currency no matter what and people need to accept it as it is and find ways to adapt to it because there will always be manipulators who will never pass a chance to make a profit, in real life we have regulation to control them and since there is no way to control manipulators in Crypto space violence will never cease to exist it is just a part of the Crypto identity.

as you say, bitcoin is difficult to become legitimate money in every country. because bitcoin is also digital money. even though bitcoin is of high value, the reality is that bitcoin cannot be used legally in every country.

The fact that some countries haven't legalized the bitcoin,and that is quite a few of them doesn't mean the network hasn't matured,in ten years the bitcoin has managed to spread far and wide and the network growth is immense in just 10 years,yes the network has its downsides such as scalability and volatility,but that doesn't mean or imply the network has not matured,i think if we're talking about maturity we are talking mostly about it's "growth",and you can't deny the growth of the network under just a decade.

Matured since 2009 - sure, there have been plenty of amazing advancements.
But it's worse as a currency than it was in 2013 due to the block size limit. No offence to LN proponents, I'm just as excited, but I just wish we could increase it slightly so that all merchants feel safe to adopt it, even without massive LN adoption first. Otherwise we're losing Steam and other big names, which is bad and the opposite of mature.

maybe bitcoin will be used by traders in various countries, but to make bitcoin become a country's currency is still difficult to realize, the biggest problem with bitcoin is the need for internet networks and things like this are very difficult to prepare a whole government. because of course there are some locations that are still difficult to connect to the internet, such as mountainous areas, so bitcoin will only be an alternative currency, and its use may only be in urban areas.

Yes you find the right thing .Bitcoin is the best and a popular cryptocurrency in the world . Its still most of the countries are not accepting it so that its so difficult to set up as a currency to any country as it is high volatile .The world using it as a currency for transaction as a real money . We can see something new in the future and we hope that it will be replace as a using of flat money.

I think this is not the right time that we can say bitcoin is mature already to become a currency. Yes it is starting their way to become a currency but it is not enough. Because we can't used it in no internet areas, internet is the life of bitcoin. It is best if we develop first our connection.

Ok, there are a lot of people that simply responded to this thread, based on the title and not on the content. You should take the time to read the content, before you post your garbage. <Just makes you look stupid, if your comments are off the mark>  ::)

The point of this thread is to highlight that Bitcoin is more of a currency now that most of the speculators have left, than what it was during 2017 and 2018, when it was at it's peak.

Let's at least read the content of the thread, before we comment on it.  :P

Bitcoin as a currency takes time to mature, but we cannot say it is immature. Because if it hasn't got the strength, till date it could've never survived crossing several death attacks. In terms of an evolution from a technology, it is highly matured and has been making big change in the community. More and more mass adoptions were the one that make bitcoin more mature than the present.

It's true that bitcoin has shed its speculator skin but I don't agree with the rest of the statement because bitcoin has not yet emerged as a true currency, at least as on date! Speculators still exists within the system and it is impossible to eliminate them all because a speculator is not necessarily thinks about the positive outcome in price, they just speculate and it can be either positive or negative. We are seeing more bearish speculators currently in the market and more numbers of short trade is ongoing.

Now lets get back to the actual question. You asked whether bitcoin has emerged as a true currency or not? My answer is simple, NO not yet! We still can't use bitcoin in our daily expenses, we still can't use bitcoin is any areas of our life (exceptions are there but majorly No!). Even though we can still exchange bitcoin for our local fiat and use that fiat money to cover our expenses but we can't directly use bitcoins. The reason is mostly about the unclear or no policies about cryptos from the governments. There are exceptions but in most of the countries we can't.

The emergence of true currency system is directly linked to this government decision! Unless and until any particular country has a clear and favorable policy about bitcoin and crypto usage, we won't see it becoming a true currency which we can use in our daily life. Even though bitcoin has every quality to become one true currency, the bottleneck is created by the rulers and we as a commoner, can't do much about it! 

I think it will pass a few more years before BTC ETF be approved by SEC or maybe by some other financial institutions in the world. People think that world spins only around USA&SEC, why first BTC ETF would not have been approved in Japan or some other country?

Also essential is type of ETF, physically-backed with real BTC(VanEck SolidX Bitcoin Trust), or just based on BTC futures contracts (ProShares). The first is likely to have a big impact on crypto market, and second is just like futures we have more then a year.

People will always wait next bull market, it is just how many experiencing BTC - just a method to get some profit. And this is working all the time, buy low and sell high, repeat the procedure and get profit. Whoever sold only 1 BTC in December 2017 is made nice profit, and for 20k$ today you can buy 6+ BTC, and wait next bull run which will be over 20k$ for sure.

This price stability is related to the delayed decisions of SEC and BAKKT and the current market situation.

In such a situation price prediction is not easy. Perhaps next movement can be seen in any way, but we do not know how prediction will result. Waiting seems less risky.

Secondly, the expected decisions compel people to wait, at least they can understand that these decisions can have an impact on the price and extending these decisions each time results in price stability.

The time of existence still looks young, if the factor of maturity is its volatility then it will still require some more years with lots of regulations that we are expecting. As a cryptoasset it will only preserve fund when you are a smart investors buying at dip, it will also require patience. Every holder still have better potential for wealth than in any other asset for now

One of the challenges of the bitcoin is the adoption, people will not easily adopt bitcoin because they do not know what it is. We should have a good education in our community in order for them to become aware about what it is. There are now countries nowadays who fully accepted the bitcoins, their citizens are now using it in their daily payments. I can conclude that bitcoin is now matured enough as currency.

So far bitcoin is a currency according to the perspective of its users, they consider bitcoin can be used as a transaction tool even with its volatile characteristics. But according to some people price volatility cannot be categorized as money, according to them everyone will not be able or even afraid to use bitcoin. In addition, I have the notion that the speculation factor that will continue to make bitcoin is not worthy of being used as a transaction tool because this will cause volatility in the price of bitcoin itself.

We all know that this is not the exact reason why Bitcoin is not accepted. Surely they can understand that, but we should not think the issue is so easy. At least, it is risky to apply a newly created system to the economy circulating for years. It will be accepted, but not suddenly.

no it will never, because there is no realiability in bitcoin being a currency only insecurity "continous insecurity" for all forever.

people will naturally not like it, and even less like to rely on it.

nope, definitely not. this is just one phase in the market cycle. it's either a bearish consolidation before the final crash like late 2014, or it's the start of a long term lull like 2015.

bitcoin's price can't stabilize until its user base and demand become relatively stable. this could occur after mass adoption. once the supply is highly distributed and used across society and the world, there will no longer be exponentially increasing demand to drive the bubble cycles. and it's the bubble cycles that cause the 90% crashes in value. price stability could also occur near $0, if adoption dries up and people stop using bitcoin.

either way, bitcoin's expected outcomes are very binary so it'll continue to be volatile and speculative until the prospect of exponentially increasing demand dies down.

To be honest, bitcoin isn't going to mature as a currency until all bitcoins are mined and miners are only earning bitcoins from transaction fees.
Remember 2-3 years ago when bitcoin was the same price as this? It's probably going to spike up and down again like last time.
Until all people starts using bitcoin and believes in it as a currency, or people in bitcoin right now stops looking for profits and speculating all the time, it's always going to fluctuate.

If you look for some improvements on every country you will notice that the adoption is slowly happening. There’s a lot of good news with regards to bitcoin, and some countries already made a decision to accept it and it makes bitcoin more matured. Price can be a good reason to say that it matured enough, because the demand of this are very impressive.  

This thing about maturity doesn't meant to be admitted by the bank all the time. There were certain cases on digital currency and fiat banking when this matter became compatible in terms of spending. Some trading sites in asia consider bitcoin as an investment, as well as quick trading exchange in order that it will be used for digital investments. For me in general it's a mature currency that's growing higher and popular.

you're right, besides that there are still so many regulations that conflict with bitcoin. currently, some of the views of important people about bitcoin focus on the development of the blockchain that they have. well, most people also think that bitcoin still can't be money, because the price is unstable in a short time. maybe at this time, bitcoin is still far enough from the word mature as a currency in general view.

Bitcoin was very stable at a price of around $6500,until the bitcoin cash fork destroyed the crypto economy. It will never be a stable currency though and should not be recognised as such, that is what tether is for

This is not going to happen any time soon. Bitcoin is extremely volatile right now and its prices have been declining since the start of 2018. It needs to be stable first and then people can look further. Though people like bitcoin because of its decentralized nature, but I don't think this can ever turn into fiat currency for so many reasons. No one knows who handle bitcoin and there are no governments or banks involved. So people can invest here and make transactions directly but it is too early to think that as currency.

In a perspective way, I see it as a matured currency already because of the fact that somehow its value has been stable for awhile although it has a massive falldown but still its value is in all time high and bitcoin still the master of all altcoins and it will never be taken away from him until the end. Bitcoin is crypto and crypto would be nothing without bitcoin.

I don't think we can mention just one reason why someone refuses to use bitcoin as a currency. of course there are many reasons. and in my opinion bitcoin is not yet a mature currency. besides because we are still new to the world of online payment systems. the number of merchants that accept bitcoin is also still limited? takes a long process to be called the matured currency

I do believe BItcoin has matured for sure. It's definitely not the same coin it was 3-4 years ago.

Specifically, I feel like the ecosystem surrounding Bitcoin has changed drastically. From an industry which was somehow looked down upon due to bank opinion manipulation to an industry which seeds millions of dollars in funding every year, I'd say it's changed for sure.

Fluctuations are usually we experience all day since we are depending on the market supply and demand. As we enter the year 2018 until today, all are declining and aren't showing aggressiveness of the market flows. But all these scenarios isn't we call for and end or even we say for its maturity. We are still developing and pre-matured enough, this changes is directions are just the results of its upgrading and adaptation.

That's over 120 years away. I don't think the human race is going to wait around for that. If it is to be something that straddles the world it's going to happen within the next couple of decades or never.

My pure guess is it has a couple more monster bubbles left in it. It's going to have the shit of the millennium. After that enough people figure out how to make proper use of it and in 15-20 years it's going to be heading towards saturation, though more as an asset rather than a currency.

Yes I agree. The matter is in infrastructure, and the availability of infrastructure depends on the degree of legalization of cryptocurrency by states and the development of necessary regulations for its circulation within each state. Business structures will not massively use cryptocurrency, if there is no appropriate regulatory framework for this. Without this, Bitcoin will remain mainly a speculative asset, not a means of payment.

Bitcoin still needs support from various parties, especially from the government. in terms of infrastructure and functionality, bitcoin is very ready to become a strong currency and has a large user base. what we need to wait for now is how is the government's support for the circulation of bitcoin, when the government supports the use of bitcoin so then at that time bitcoin will become a new ecosystem in the legal financial system.

The intention behind the creation of Bitcoin has not been fully realized because there have been a paradigm shift from the currency aspect to investment aspect. Because of the decentralized nature of Bitcoin, most of the government are refusing to authorize it as a legal form of payment. Therefore there are only limited merchants out there ready to accept Bitcoin. Investors prefer to hold and earn profit from it when the price goes up than to use it in the purchase of items on daily basis.

From my perspective, this is nowhere near enough

Even if there is less speculation (which is a contentious assumption on its own anyway), it doesn't mean  more real value came about in absolute terms. On the other hand, lower prices and higher stability may actually lead to greater adoption and real life use over time as factors preventing this adoption may have finally got removed

But here's another catch. We can't be sure that these prices are here to stay for any significant amount of time. And while daily volatility may in fact have diminished dramatically during the last couple of months, it is too early to tell about long-term volatility. In other words, the price being stable today is no guarantee that it won't crash 2x tomorrow (again)

If bitcoin is really mature then why its value is stuck at a low price point ?  Yes 3k or under is low because the ideal price of btc is 6 to 8k  .  

Other factor on why btc can be consider imature is the adoption . majority of countries / people arent familliar with it  .

We can call only it a mature currency if btc will became mainstream  .


Local currency are 100 percent stable ( except usd and other major coin )  . they have a fix value and cannot be manipulated anymore .

Bitcoin I first see it as a store of value and then as currency. The intensity of both depends on the degree of adoption. The adoption is increasing: every use case of whatever cryptocurrencies indirectly generates bitcoin popularity increase. The number of large companies and even states that promote solutions with blockchain technology is significantly increasing

The challenge with Bitcoin is that, it is such a rapidly changing field that it is almost impossible to have access to good books or adequate materials on the subject.
But still as i have seen there are some places where bitcoin has been used as payment option. So in their aspects bitcoin has become a matured Currency. But when the price will become more stable, we can call it a completely stable and matured currency.

The miner fee problem was a year ago and sending Bitcoins to multiple addresses all in one transaction was a feature long ago before the fees became expensive. We don't have to always spend miner fees when using Bitcoin sometimes people transact off chain. If Bitcoin didn't mature as a currency the miner fees should've stayed expensive but it didn't because as time pass by things change now we have the segwit and LN.

Most altcoins will always be affected by Bitcoin because they have their own trading pair.

Things have dramatically changed since then

I guess many of us would be extremely curious to see what would happen now with LN and SegWit in the mainnet if we were to face the same situation. And that would be a decisive answer to your stance that Bitcoin hasn't matured as a currency, though I'm strongly inclined to think that people would just start using LN in earnest to avoid the exorbitant fees we had to pay in 2017


I essentially agree with this part as Bitcoin will likely be a "digital gold", i.e. a store of value rather than a means of payment if it is going to succeed big time in the future

The whole mess of bitcoin being used as a currency and it's fluctuation is because of the dual nature of bitcoin. BTC needs volatility and fluctuation so that it can be used as an asset and bitcoin should be stable so that it can be used as a currency. At the present time bitcoin is being used as an asset more than a currency. If there comes a solution in future for it to become stable then bitcoin might be more widely adopted.
At the present time I honestly don't think that bitcoin has matured as a currency. It's price has just increased so much over time that people value it more. It has to be developed further in order for it to be used as it was meant to be.

Seems to me that Bitcoin is still a speculative asset. Of course, the number of investors has grown over the year, and speculators may have become a little less, but still there are still a lot of them in Bitcoin. And it seems to me that the speculators are now making money on a bear market helping to move it down. Of course, they are not the cause of so many long falls, but as a rule, speculators play in the direction of the market movement, and now it is bearish. At the cryptocurrency market can be earned easier and faster than the stock market, so many speculators, even with the decreasing liquidity of the cryptocurrency market, choose it.

I think it is getting there slowly, because more and more countries are installing ATMS and slowly more meetups are taking place in different countries, educating people about Bitcoin and the Cryptocurrency scene. As more and more young people also come into the workplace and are mobile with cell phones etc, they can easily now download apps that utilize Bitcoin and pay for their stuff they buy online or even offline. It's now becoming more and more famous too, even my 79 year old mother knows what Bitcoin is and every time there is something on the news where Bitcoin is mentioned she always tells me about it lol. I think the next ten years will be really interesting and we will see more progress made I think.

Although Bitcoin is used as a currency for the purchase of goods and services in stores like overstock.com, shopify stores, Newegg etc, it has not fully actualized this goal because there are few vendors or merchants ready to accept it because of issues coming from the governments with regards to the unathorization of Bitcoin in certain countries. The attention has shifted to the investment part where users prefer to hold and earn profit when the price rises than to use on a daily basis.

if in my opinion bitcoin hasn't matured to become a digital currency globally, bro. because there are still some countries that have not accepted bitcoin as a legitimate currency.
although in some countries bitcoin has been accepted as a legitimate currency like in Japan, jerman

It is great that some countries embraced Bitcoin as such but even though some countries did, some countries banned it. I do respect their reasons but I don't think they should ban it as it is not that dangerous in a country. People would find new ways to pay their bills and online transactions and it is also a good way to invest your time and money.

Exactly it was, we've been too far for its maturity and I may think a 2 decades from now might be possible but we can't even sure what will happen for that time as many changes come along for its journey. And while waiting for that moment, we just be enjoying the time and using cryptos. We shouldn't be rush cause eventually will go for that.

I think bitcoin isn't mature if it's used as a currency, it's because Bitcoin hasn't been so long that we don't know how to fluctuate in the future. Prices that fell very far in a few months ago made us have to rethink to make bitcoin a currency. If this happens again in the future when bitcoin has been used as a currency it will certainly experience hyper inflation and certainly not a good thing. It's too soon to conclude bitcoin as a currency, we better see the development of bitcoin in the next few years. If the price continues to stabilize and develop well, it is time for bitcoin to become a currency. But surely the traders will be disappointed with this because what they hope for is large fluctuations to make a profit.

The unpredictable fluctuation rate has become a major reason why bitcoin is not considered as a mature currency to replace United states dollar and many other fiat currencies to do real transactions with core business payments so merchants hesitate to combine there businesses with cryptocurrencies to receive or make payments because in moments it can turn into huge losses but with more stability and expansion among users definitely cryptocurrencies will be able to increase there adoption into online businesses in the near future but it might take some time to accept by majority bitcoin as a mature currency

Bitcoin is evolving as investment over the years but as currency it still can't be used because of its volatility.With the current situation it can be used as currency in my opinion since the value has less volatility and lies on some range for longer time but lack of people who accept it as currency with the fear of price fall.

The more exchange transactions you perform, the greater the loss. For each transaction, exchange offices take a commission, sometimes considerable. In this case, it is not always possible to change the currency at a favorable rate.

There is a good service for tracking the best quotes at the moment - BestChange. I personally always use it when I need to change electronic money for rubles or vice versa. The site not only gives the best rate in real time, but also publishes other important information - currency reserves, ratings of exchangers reliability, user reviews.

If the value of fiat money is influenced by various external factors - political events, government actions and stock market speculations, this does not affect the cryptocurrency rate. For example, after the 2016 referendum, the British pound sterling rate fell to 1985, and the election of Donald Trump as US president had a negative effect on stock quotes around the world, but this did not affect the Bitcoin rate - it continued to grow. .
Nevertheless, several times we have already witnessed how the course of Bitcoin, after a long increase, has significantly declined. The course jumps, because the volumes are not too large and an investor with several million dollars can easily shake the stock exchange glass.

I think there are still a lot of people who are not here because of technology, but because they are waiting for the right moment to speculate. Therefore, I believe that it is too early to talk about bitcoin as a currency and its stability.

And what do you think are people for in fiat money? Some of them treat it as currencies and some are trading on forex. Does it mean it's too early to talk about fiat money in terms of currencies? Don't be silly!
Bitcoin is mature enough to be a currency but it will take a lot of time before people start treating it like one.

the function and nature of the currency are recognized by all levels of society and all countries recognize the currency as the applicable currency in my opinion the legality that can make crypto currency as the applicable currency

It is even hard to say bitcoin is currency
There is still very low bitcoin usage and bitcoin is accepted like a payment method by not so many merchants
Bitcoin fee is problem very little knowledge about bitcoin and not clear tax legislation in many countries
Bakkt release can change it.That time bitcoin has chance to be accepted by merchants globally
 

the cryptography of the blockchain technology has never been heard of to be faulty in anyway and the challenges arising in the technological space has never been pointed to as a fault from the design of the blockchain, that is to tell you that the bitcoin is very matured enough to handle the capacity of transaction and its application indifferent section of spheres

It looks like a means of payment or medium of exchange (which is essentially the same thing) is not the only area of application that a currency can be used in. We should not dismiss Bitcoin's use as a vehicle for value transfer as Bitcoin is not only a currency (which many question) but also a payment system in its own right (which no one doubts), i.e. it can be used for moving wealth around, not just for payment

How much Bitcoin is actually used in this area remains to be seen, though

I can't say that bitcoin is the currency for now. because there are still some disadvantages compared to fiat money. but that does not rule out the possibility in the next few years, that bitcoin will become a currency. after the value is very stable. because for now there are still many people who prefer to use bitcoin as a trade or investment.

Recent forks of its blockchain addressed many of drawbacks BTC had, including high blockchain fees and slow transactions. But can we say that it matured as a currency? Not yet. The volatility is not gone anywhere so far.
As well its reputation as a "digital gold" is a double-edged sword. Bitcoin is still regarded in general as a form of investment, not payment.
What could help BTC in maturing as a currency? For sure trading volume to rise significantly, global-scale regulatory framework (like SWIFT standards for international transfers of money by banking institutions).

My opinion is very naive, even amateurish about such things. But I'll still write about it. For me, currency is any item for which you can buy/sell another item/service. Bitcoin definitely falls under this description. Now there is a huge number of opportunities to buy goods/services/other cryptocurrencies for Bitcoins. So why can't Bitcoin be a currency?Let the government does not recognize Bitcoin, but it does not recognize the currencies of other countries in the government-controlled territory. You won't be able to buy anything in the US for the Euro, but everyone recognizes the Euro as a currency.

Bitcoin has such a large number of potential characteristics as a cash however frequently value variances and absence of appropriation has turned into a major issue to maintain a strategic distance from it utilizing as a money and numerous individuals who are utilizing bitcoin's are utilizing as an exchanging item yet not as a money to make installments and that is one truth why still it has not to keep on developing as a money to do online exchanges yet on the off chance that these certainties change later on bitcoin can be effectively accomplishment as a cash

menurut pendapat saya, itu belum menjadi mata uang resmi, tetapi masih mempertahankan mata uang asli bagi saya, menjadi bitcoin telah menjadi mata uang dan digunakan dalam transaksi dunia

The currency must be stable. Unlike Bitcoin which is very far from a stable word its fluctuating value will be very unlikely to be considered as currency like a fiat currency.

Of course it still takes longer for bitcoin to become the official digital currency for many countries. For developed countries, the acceptance of the people is ready and the government also provides infrastructure such as a very decent internet network.
But in other parts there are still many countries that have problems with poverty and ignorance, so that bitcoin cannot be implemented because the people and their government are still thinking of ways to improve welfare and education.

I agree with you, indeed, at this time bitcoin is still weak, not fully said to be perfect, but there are still a lot of updating so that it is more perfect in every country, but it takes quite a long time

Bitcoin has passed a long time in this field. So i believe without showing maturity bitcoin wouldn't stay a long time with so many success. So i definitely feel bitcoin is a mature currency which is using by millions of people.

This won't occur at any point in the near future. Bitcoin is very unstable at this moment and its costs have been declining since the beginning February a year ago. It should be steady first and afterward individuals can look further. In spite of the fact that individuals like bitcoin as a result of its decentralized nature, yet I don't assume this can ever transform into fiat money for such a large number of reasons.

Nobody realizes who handle bitcoin and there are no legislatures or banks included. So each and everyone can contribute here and make exchanges straightforwardly yet it is too soon to feel that as money.

Maybe it used by millions of people (hopefully) even still not used as currency by even in few hundreds so definitely we are not seeing bitcoin as a currency yet and in the time from of our economy the bitcoin was created very recently just before 10 years. :)

Lot of people complaining that bitcoin cannot be used as a real currency due to its instable value so the current status of bitcoin will last util the bitcoin settle for some value for years.

It being a decade and really it is along time withstanding so many highs and low has definitely make it a seasoned coin. Also it is a market leader which is leading form the front. Whatever be the case it will always bounce back in coming time.

Yes.Bitcoin may not be called as a matured currency for now seeing the price is not yet stable because of its high volatility.I think it will only be matured once a mass adoption for bitcoin will take place.For now,bitcoin is more of a profitable investment rather than a matured currency.

I think bitcoin is already matured in cryptocurrency as currency. But it will not time to bitcoin to rest or to die because we still need bitcoin to pump more coins which is altcoins because if we do that we can have more profit. But incase bitcoin will die we still in our heart and they will be history and thankful because they gives us first opportunity to earn more money and I hope the next bitcoin will be like bitcoin or more better and gives more opportunity to us too.

bitcoin has not been able to address the base currency category, because of various things that cannot be fulfilled, one of which is the use of bitcoin in need of a good internet connection and secondly it requires advanced technology in its use, it is still an obstacle for most countries in the world especially poor countries market that is still traditional. so to be able to be used in all countries it still takes a long time. but now bitcoin can be used as an alternative currency to support the base currency.

in my opinion bitcoin is still not a matured currency and for me its still have long way before it become one
the price can rise or fall at any moment because there still now much using it
im not saying that only few people trading bitcoin but even we are million it still not enough to make the price stable

Of course, Bitcoin was created as a currency and it has got all it takes to act as a currency. Bitcoin possesses features which revolutionize payment systems and have more benefits than the paper money. All that is required now is the mass adoption of Bitcoin where both big and small stores, companies, institutions etc will integrate it into their payment systems.

It has matured it is not mature.

When we are no longer talking about forks, price, miners, where to use it, how to use it and we are just using it: bitcoin as a currency will have matured.

Don't think as an investment too because we need to remember the moans from people who came at Dec 2017 and still regreting their decision about it,the bitcoin may give profits but its not to be considered like a traditional investment,its just investing with a hope so no money have to be invested which is in need for us.

Bitcoin is not fully mature as currency,  but compared to last years it is much more mature:
- price doesn't fluctuate significantly from a month to another
- adoption rate increased
- it is no longer affected by any news in media

As I have seen the growth of Bitcoin, if I consider it, I am an admirer of technology, but I know very well the business model that bitcoin represents, when I started to see the bitcoin chart, I had no idea what was happening, now represents a whole market, its graph has a structure and volume, altcoin also derive and depend on bitcoin, for this reason is that I think that bitcoin is a mature currency, which may end up having similarity with the behavior of actions.

Even stability isn't a big concern, the usage scale of bitcoin is the one that decides whether it has matured as a currency or not. Bitcoin usage is very low when the fiat in circulation is calculated, in this way bitcoin requires time to reach a massive user community. This will help bitcoin get matured to be a currency as dollar and other currencies existing in the world.

If by "we" you mean general public, then I agree with you

But the problem is that there is no "we" as the general public (which you might refer to here) doesn't talk about Bitcoin at all. The general public is simply not very well aware of Bitcoin and what it can be used for. So it is kinda moot point really. If you actually mean us, i.e. folks around here, we are mostly interested in earning dough via Bitcoin in some way (be it speculation, offering services, doing jobs or whatever), but in that case we will always be interested in things like forks, price, miners, etc, i.e. anything which brings profits

There is a long long way for bitcoin to be accepted as a matured currency. For a currency to be accepted as a matured currency or as an accepted currency a currency should not be volatile or I should say that the volatility should be very less or even stable. Currently, bitcoin prices are between 3500$-4000$ some people would say it is not that volatile but imagine your country's currency going 500$ up and down.

Actually the hit from the government to Bitcoin through its regulation process has done some scratch on Bitcoin be use as a currency or as a global currency. But in terms of Bitcoin maturity as a currency, i still have hope that once this hits from the government are over, it will be accepted as a currency.

Well i am sorry to say that bitcoin is not matured as a currency and it is being used as an asset for trading. Many people believe that is it is the government which does not want it to be matured as a currency, well i guess No.  The main reason is its volatility due to which people do not want to use it as a currency.

Bitcoins needs be stable if it want to become a real usable currency.

From a point of view as a market speculator, Bitcoin has had a life of its own, has experienced the main phases in a market, such as: Accumulation, Bullish Trend, Distribution, Bearish Trend and currently in Accumulation, all these phases have helped to mature the Bitcoin.

The difference with the Stock Market is that the movements occur very slowly, it takes years for the market to show any of the aforementioned phases. If we compare it with the Bitcoin market, this has happened much more quickly, where the analogy can be made. Today many talk about high volatility, but it is a necessary volatility, bitcoin can not be stable, it has no support, it is only managed under supply and demand, it is what makes it a totally deflationary economy, and that makes it difficult to study for many economists.

Stability is one of the major factor that will make bitcoin to be fully matured as a currency. It won’t be okay for a current to keep falling and rising which means people will keep losing at some points and others gaining tab some point. Am sure no one will want to fall into the category of those that will be losing. That’s really going to be a big problem. So I say bitcoin is not yet matured as a currency as it needs some more perfection.

We cannot say how much will bitcoin value reach before we can say it is already mature. There is no exact value I think. Cryptocurrencies are also not familiar with all of the people so I don't think it will be one of our main currencies. All fiats are stable not only local coins, but fiats are also our currencies and our currencies depend on what country we are living in.

It didn't come to a point that it wasn't able to become stable, because people consider bitcoin as an asset and not currency yet. They find it amazing when it comes to an assurance of secure investments, which can be sustainable when value increase in a right time. As it grows a good profit, maturity always come as you wait for the market to have active buy and sell activities. We don't know yet as this asset grows, if there's a huge demand the dream of being a currency could be possible always.

I don't think, but I believe Bitcoin matured as a currency. It's true there was volatility on end of 2017, but it doesn't prove that Bitcoin is not a matured currency. We can see now, its stable during more than six months. World's forwarding to digitalization and obviously digital crypto-currency is the part of digital revolution. At this point Bitcoin is enough matured in my opinions. Never mind occasional volatility, sometimes it might happen. Once a day Bitcoin will rule on currency world, not only crypto world.

Bitcoin is a real currency, not a quasi-currency.

Now there is a saying that Bitcoin is not a currency, but a quasi-currency.

Quasi-currency is a kind of asset that can be converted into currency at any time although it can not be used for circulation directly. It is mainly composed of fixed deposits, savings deposits and various short-term credit circulation instruments. Obviously, Bitcoin does not meet the above definition.

At present, the fact that Bitcoin can not be used for shopping in our country is the result of the prohibition of administrative order, not caused by its own nature. If the restriction of administrative order is not taken into account, Bitcoin can naturally be used for circulation. Therefore, Bitcoin is a genuine currency rather than a quasi-currency.

Even if Bitcoin was introduced 10 years ago, I believe that it is still in the basic phase of development and we must give more time in order to improve it as an innovation that has potential to transform our day to day lives. I agree that we are mostly focusing on speculation activities instead of using it as a payment instrument and it is destroying the core and fundamental principle of the same. However, I am optimistic about the future and I believe that we will see a better picture down the road.

I would say it does. Over the past few years of its tenure in the currency market, I think that it has added many experiences and movements under its belt that would warrant for it to grow and mature. I know, it hasn't been all that good since Bitcoin has many downs and falls than ups and increases, but then, what I would say is a considerable light at the end of the title is the fact that it still show good movements rather than nothing at all. All that is happening, I think, is something that is bound to happen while the coin is stabilizing.

It is and in the future the adoption will grow bigger we can already stand alone.
Now that we are just starting or just in the early stage, we need the banks or payment processor to middle the transaction to make happen
but as the market grow things will eventually change.

The amount we are holding now is going to be massive in the future, so it's not just a currency but as a good investment as well.

As far as bitcoin is concern, it is not seen by most people as a currency. Regardless, it is still seen to be among the top used currencies in the world. The digital coin may not have matured as a currency due to its volatility, but it can still be regarded as a form of currency.

Officially, bitcoin has not yet become a currency, but in reality it has functioned as a currency in the community that agreed to accept bitcoin as a means of payment.
As long as the government has not declared bitcoin as a currency, it cannot be an official payment tool between governments. But for 10 years after being created Bitcoin has increasingly found its identity, among others, as it is currently correcting prices to a fair nominal. I am sure, more countries will accept bitcoin for next year.

I think the image is changing.


Venezuela case truly brings out how good bitcoin is, in leveraging economic disasters. Venezuela volumes are growing and they even used bitcoin in order to survived because their currency has no value at all. So yes, its pretty promising road ahead of crypto enthusiast globally.

- Indeed, although bitcoin is not used frequently in everyday transactions, when standing at a certain angle, from the position of bitcoin holders and users, we can consider bitcoin as an online currency, we can use it to buy necessary items as long as the seller accepts it. However, I believe everyone knows this is not a key role of bitcoin, Bitcoin's role is a place for speculation and investment, and when bitcoin gradually matures over time, people will never consider it as currency, they understand that this review will make bitcoin fade and no longer appealing

It is unlikely that a government declares it as a currency, because they do not have control, like banking, Bitcoin is decentralized in nature, it has suffered many attacks, however it has emerged in the midst of all that. There is a lot of history in bitcoin, its graph proves it, many have bet that it is a bubble, but seeing the success of the currency, they can not find a way.

Yes, with lightning network, onion routing and amtrex symtex trees, all really is needed is mass transactions upwards of 800,000 a day scaled and with south Korea and other countries making it main electronic spending, the physical dollar days are numbered.

Bitcoin hasn't got matured to be used as a currency, but it has got the importance as a global currency. To be mature as a currency it is supposed to travel long, and this can be determined only after certain time period without which it is not at all possible to come up with a perfect solution on this.

So to fight with dump we will have to hold and be patience at the same time to deal with pump we will have to remain active and sell at high price, latter on we can invest again at low price, but don’t lose your hope as there are so many investors who are investing and using bitcoin as currency at time of need we can buy everything with it without any issue.

As a legal tender of exchange it hasn't gained importance. But technically it is matured to be used as a currency. There were more people who prefer it for cross border transactions which takes a lot time as well a big process with the banking system. This way it is good to eliminate the use of banks. When something does the work of a bank it can be mentioned as a currency.

One of the desirable characteristic of a currency is its relative stability over a given period of time. This is one of the most challenging argument against bitcoin's growth as a currency. Honestly, btc has not fared well in this regard.It has been more of an asset than it was as a currency.

If you ask me I tell you that Bitcoin was officially declared as currency cause some governments (in EU region,Asia,Canada,Malta etc.) has declared it as legal tender but not in every countries and for government to accepted something that will give people liberation from their power for me Bitcoin is already a currency.

In terms bitcoin been mature as a currency I think yes, I know things are yet to be put in place but due Bitcoin strength during the government FUD I believed Bitcoin is mature enough.

it is very difficult to be able to become a currency, some countries are not ready for that, because some obstacles still exist, one of which is the uneven spread of bitcoin in all regions, not yet ready for some countries to accept bitcoin as the currency and most importantly because each country has different conditions. so the biggest possibility is that bitcoin is only an alternative currency that can be an option for some countries that experience excessive inflation.

For now, Bitcoin has not yet reached this stage, because there are still many crypto traders using it as their assets and people want Bitcoin as an investment rather than as a currency. Extreme volatility and stability make Bitcoin not wanted as a currency. However, some people use it as a transaction tool.

You right, Bitcoin is still very young, there are still many problems that exist in Bitcoin. starting from fees, lack of acceptance, length of confirmation, and so forth. bitcoin hasn't matured into a currency yet, it takes a long process for it, but now bitcoin remains a global currency that worth to using

well, maybe even bitcoin is still far enough to be said to be the perfect currency, because the perfect currency is when the price doesn't go up and down. however, bitcoin has great instability, making it far from the matured currency.

It's not mature yet, but it will. The fluctuations and the volatility is caused by the low liquidity of it. Bitcoin is not spread evenly yet, there are some people still has big amount of bitcoin which if they sell most of their bitcoin then the price will fall, but usually market will naturally achieve its stability. So don't worry to become long time holder.

No, I don't think bitcoin has shed its reputation as a speculative asset, because it is still highly volatile. Investors are also having a relatively difficult time gauging its true value, thus leading to volatility. However, as an asset it is definitely maturing, with institutional investors and custodial services coming online. I also believe that bitcoin will eventually resolve its scaling issues. Over time, I thus expect the price of bitcoin to stabilize.

Bitcoin's use as a currency didn't expand a lot in the last few years. People were euphoric about cryptocurrency prospects in 2015 but we are still where we were back then (by and large). And don't let yourself be fooled by allegedly "stable" prices because they are as stable as folks lying in the graves in the churchyard (read, there is nothing particularly good in this "stability")

There is neither sufficient supply nor demand to move the market in either direction which can be easily seen by the declining trading volumes. Definitely not something which you would expect from real growth or adoption. And technically, in the last 6 months Bitcoin crashed almost 2 times - from over 6k in November 2018 to below 4k now (actually within just 4 months)

I'm not sure if that can be counted as stable prices at all

I will echo most everyone's opinion, I don't think Bitcoin matured enough but at the same Bitcoin is just 10 years old. Too young for what it's supposed to change in a worldwide economy.
Though we have multiple ways to buy, to pay, to store our bitcoins there are not a lot of people effectively using it as a currency (even among the crypto community).
Perhaps in 10 or 15 years, the thing will be different

In my opinion, bitcoin is still far from maturity to become a currency. The very volatile bitcoin price is very risky to bring down the economy. I think that a good currency is a stable currency. But it does not rule out the possibility that someday bitcoin will become more stable and last several years. If bitcoin is more stable then bitcoin is very easily trusted to be the real currency. This makes bitcoin more easily recognized legally.

It will be hard for merchants to accept a volatile asset as a currency or a means of payment for them, Bitcoin will start being used as a currency when the majority of the merchants or service providers will accept it just like they accept fiat or paper money. I think it is too early to say that Bitcoin already matured as a currency and the volatility will never be lessened like what other people here think, Crypto Currencies are decentralized and no one controls it and anything can happen in a short period of time, the level of risk in this industry is really high.
Bitcoin is still an investment medium or a speculative asset that we are using right now and there are no signs that it will soon become a real currency like fiat does. 8)

All those problems you have mentioned are almost vanished because it is now acceptable all over the world as currency and as payment, now bitcoin has very low fees as compare to profit gain, so I think bitcoin is already mature enough that no one faces any problem using it and no one hesitates accepting it.

We're not there but we're going there, we have seen tremendous changes it was first introduced. There is no denying that it keeps on developing we are seeing how it matured through time. I believe that time will really bring real maturity to it as a currency knowing how the community continuously grow and support all aoect aboutits development. In time, it will be known to be the best established currency.

Yeah, it takes time for that and that's so very exciting cause we even don't know when and we are in full of surprises.
Bitcoin is on the grow, it far beyond from its existence if we all committed to support this currency. Though its not the intention to replace fiat but it might be a big competitor by then. We are all looking forward for the best of everybody  and this kind of digital currency might fulfilled with it.

Changes on bitcoin does not necessarily means that it matured a long its way. For being 10 years in the market, bitcoin showed its capability to stand the market challenges however thats not the meaning of maturity. What i think of maturity is a mass adoption over businesses and establishments and it is easily recognize by the people.

it certainly did mature , but way far off from being a fiat substitution
although  adoption has increased dramatically and the number of bitcoin ATM and places where you can buy things for bitcoin directly grown tenfold compared to the past years
it is not enough to dethrone fiat and VISA /Mastercard sweet duo
mainly because of the slow transactions and extremely low transactions per second number
while bitcoin struggles to get 10 transactions per second , VISA is doing tens of thousands
Lightning network should alleviate this problem to some extent , but will not be able to solve it completely
not in the near future at the very least

Exactly, I guess those who is claiming that bitcoin can replace fiat, it won't really happen and it won't make fiat obsolete as well.

You give one good example here, and it seems that it's going hard for bitcoin to overcome it. Even if you paid the highest fee for one transaction, still you have to wait for several minutes/hours before your transaction can even get 1 confirmations. Maybe LN will be the solution, let's see.

After 10 years can it be considered as stable and reliable enough to be used as a purposeful currency?
If you compare it to the british pound and the younger united states dollar of the two then no.
But to the newer euro then you could agree to it being so compared to these two.
The blockchain makes it more technological savvy and one of the greatest inventions in the past decade.

It's completely depends upon your own decisions that whether to conclude Bitcoin as a matured currency or not. If we see inside the deeper meaning of what is a "matured" currency, then we can find that it means that the currency can be exchanged with all the currencies present in the world.
So why not to consider it as a Matured currency? Moreover in my opinion Bitcoin is being now accepted in all formats. Some people get their salary in the form of Bitcoins. Now a days we can buy stuff in the online market through Bitcoins also. So I would Fully consider it as a matured currency. Moreover waiting for more updates with the coins.

As long as there is investment in the bitcoin market you wont be seeing a stable price and that literally means never and with the introduction of future markets the cycle is complete, it is a market like we never saw before with all the possibilities in one and it is a tremendous growth in a short space, now we are waiting for the mass adoption and traders understanding the true potential and it will happen soon and then it will be the true money of the internet.

Bitcoin is certainly maturing, and one sign eventually will be more price stability. At times bitcoin has been among the most stable investments out there, though it still has a tendency to swing wildly on occasion. Also, the recent bear market crash was not as steep as previous ones - if it's over. The layer 2 solution is also being worked on, and every day it survives it proves itself to be yet more indestructible. While the pace is slow, I'd say it's maturing.

It is as volatile cryptocurrency.

It is inevitable for Bitcoin to be an investment, a stock may be for some people since it is a volatile cryptocurrency. Instead of using it as a payment, why not just wait for some time and let it pump so you will be able to earn some profit out of it. It did not mature as a currency but a lot of people hope it does but with the volatility and the anonymity, I don't think it will happen.

It's better to be slow but quietly improving, the market is showing more interest and being used for payment process is also been accept by some
businesses, it's  maturing in the sense of people's acceptance not only for such tools of investment but also for being part of their daily life, if this
will continue and more businesses being added we can say that maturity stage already been established.

I think I already read other topic connected on this (Does bitcoin deserve to be the currency of future). So I can answered it, yes, bitcoin can matured as a currency but it is a long process and it can never replace a fiat money because it is a symbolized a country,it may be an additional currency. And bitcoin need to maintain it's popularity and demand to make it possible.

I don't think bitcoin still now matured as a currency. Yes bitcoin is really most valuable cryptocurrency in this time, it's the number one cryptocurrency now. Most of the online sites are allow BTC in their sites and now BTC also available in offline transaction. Moreover become currency is not a simple deal to gain, there are some rules and regulations to gain this achievement. I don't think that bitcoin now matured as a currency but I hope that bitcoin will be the currency in the future

I can expressly say YES, because bitcoin has developed very far from the initial launch. And I hope big countries will accept bitcoin as a legal currency or payment tool system.

I think it will take a long time to make bitcoin a true currency. and in my opinion most of the bitcoin holders prefer to make bitcoin as a trading and investment tool rather than the real currency. because the value of bitcoin I think is unstable can change over time. now the value of bitcoin has increased to $ 5000. and all countries already have their own national currency. they always use fiat money for everyday transactions.

Bitcoin don’t need to eliminate other countries currency so theres no issue about that,in some other countries that adopted bitcoin they are using fiat in physical payments and bitcoin in online so what we need to have is cryptocurrency to be accepted as payment method in some areas of living .thats why i hate the thread discussion about crypto replacing fiat when the truth is both can help each others for the benefits of all

Definitely yes because "Rome was not built a day" gradually and steady it will get mature and will be use as currency but for now it's be use as a payment method. Bitcoin still developing and we must be patient enough for it to grow to maturity before it can be appreciated as a currency.

Bitcoin can be considered as a real digital currency now because it is now considered as a matured. For the fact that it is now legal for almost all of the countries worldwide. We just need a little bit more of technology to be used as a terminal for crypto transaction.

You'll see the progress, through the progress Bitcoin does not only grow it matures as well although the price movement may be compared to as a rollercoaster ride, though if you'd look at how Bitcoin has evolved the crypto has matured also, and it may be obvious that the price went down but that won't be a problem since it may go up at any given time, no one knows when but it will for sure evolve eventually.

But that's not the problem


That is the problem

And it is unlikely to get resolved in the future, if ever. People are not going to use Bitcoin as a payment method en masse simply because it is too good for this purpose. The bad money always drives out the good money from circulation (so-called Gresham's law). And in this case fiat is that bad money, while Bitcoin is the good money. In other words, people would always try to spend fiat first just because they value Bitcoin higher and prefer to keep their precious coins to themselves, while spending dollars (or whatever)