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Author Topic: Many people think that Bitcoin is not a currency with practical uses  (Read 625 times)
AniviaBtc
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April 09, 2021, 07:43:05 AM
 #81

I won't even disagree that bitcoin is mostly used for speculation, because it's a pretty safe assumption. But even so, let's not pretend that it's not being used as a currency and as a store of value. Are we going to totally ignore it's important uses just because a lot of people use it for speculation?

As for the typical I've-seen-this-a-million-times bubble question, sure. It has bursted a couple of times in the past already. But every single time, the price floor has been higher.

No matter what other people say, I researched about bitcoin and I'm using it on how it is being utilized properly.

I'm benefiting bitcoin for so many years and it really a good thing for me.

I'm using it as an investment tool, and safe haven for my assets and we really have different preferences or strategies on how we will make a certain coin profitable for us.

Kong Hey Pakboy
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April 09, 2021, 08:02:38 AM
 #82

Let them think what they think, everyone is entitled to their opinion so I don't think that we should worry about it, the important thing is that the truth will come out no matter what and that's the time that we are going to know who is right and who is wrong. In this current bitcoin landscape, I am leaning on the fact that bitcoin still hasn't reached its full potential yet, that is why it has no other practical uses besides being a medium of transaction and an asset.

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Darkelf11
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April 09, 2021, 02:22:38 PM
 #83

Bitcoin is just an imaginary coin to the people who don't have it already even though it does not already exist as a physical coin but can be used in the digital world so nothing too much difference you can use now the bitcoin the same as the fiat currency. As you see the bitcoin now is going to adopt different aspects. Like today the bitcoin ATM is one of the popular ones. So it's better to have an early opportunity so you don't need regrets soon.
ChiBitCTy
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April 09, 2021, 02:40:41 PM
 #84

I am in the camp that bitcoin needs to be used as a currency for it to have long term success.  When people say that bitcoin is only used as a currency in illicit situations is simply flat out false.  I personally use bitcoin all the time for all sorts of different things that are NOT illegal.  Most of the time when people say this they are simply hating on bitcoin because it goes against their view of how money should work. 

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sapnu
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April 09, 2021, 03:59:27 PM
 #85

As we all know, bitcoin is not a legal currency yet and that makes it unqualified on practical uses already. The government still wouldn't agree to legalize it considsering its features that hinders them to benefit from it. Also, over the years, bitcoin ended up becoming an investment of many considering its volatility and capability to have its value keep on increasing over time. It ended being exchanged on user to user basis. Who knows what the future hold? Maybe that statement would change as bitcoin gets revolutionized as it gets more convenient and timely to use.
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