Bitcoin is not a currency?

[Ranly123]

I found a video on YouTube https://youtu.be/qTxPfxmkLIY that according to this man (Warren Buffett) said "Bitcoin doesn't meet the definition of a currency" and he said that "he would not be surprised if bitcoin is not around in 10 or 20 years".

Is he a hater of bitcoin? while other big names appreciate the bitcoin.

Your thoughts?

That video is already old and he failed his predictions. I dont think he is a hater of bitcoin, but i believe that he is not a believer and he will stick to his phylosophy in his business style. We cannot blame him for his comments because he is also a successful businesman in this era.

[1715083017]

1715083017

[1715083017]

1715083017

[Swopon]

People don't care what did he said in his video.I also think that he is a hater of bitcoin otherwise we wouldn't said that.Of course bitcoin is a currency with digital version.And some years later bitcoin will be a global currency

[pocketfullofpoke]

Let his statements live with him through his entire life about bitcoin. Soon, if disadvantages about bitcoin will be addressed, i think, bitcoin will not only be a small time currency but it will be a global currency for all.

[Sembara]

I found a video on YouTube https://youtu.be/qTxPfxmkLIY that according to this man (Warren Buffett) said "Bitcoin doesn't meet the definition of a currency" and he said that "he would not be surprised if bitcoin is not around in 10 or 20 years".

Is he a hater of bitcoin? while other big names appreciate the bitcoin.

Your thoughts?

I agree if Bitcoin instead of currency. Because there are still many countries who do not legalize Bitcoin. And no Government set about Bitcoin. If you think my Bitcoin it just creates a future asset.

[Rath_]

Right now, Bitcoin is experiencing a huge load on its network. The transactions aren't as cheap as they used to be but it is also due to massive increase in Bitcoin price. Some people treat Bitcoin like a non-physical gold which will replace the real one. Fortunately, it might change after introducing the Lightning Network which will definitely lower the transaction fees and make Bitcoin widely accepted. Bitcoin is a currency.

[cherryganda]

for me it is not an enemy but I think that it does not have much knowledge about bitcoin, maybe in a time or some years change of opinion, bitcoin is still very young

Bitcoin is a virtual currency that has no physical appearance, so many big names are against bitcoin and telling bitcoin is just a bubble and a danger to deal with. why? well, they are those humans who gave all their lives in fiat and business to be rich and cant accept the fact that bitcoin can change anyone's life in just a short time and just be sitting at home!

[acener]

I found a video on YouTube https://youtu.be/qTxPfxmkLIY that according to this man (Warren Buffett) said "Bitcoin doesn't meet the definition of a currency" and he said that "he would not be surprised if bitcoin is not around in 10 or 20 years".

Is he a hater of bitcoin? while other big names appreciate the bitcoin.

Your thoughts?

The common thing that bitcoin and the regular currencies have is being able to be used as payment in transactions, this is the reason why it is considered as a form of currency, but belongs to a different classification which is online currency, because it doesn't have a physical form. So, I don't see any reason why not to consider it.

[Nfp]

Maybe not a virtual but still a currency that is only digital. Even though its a digital currency, it has the ability of a physical money when it comes to payment and buying products through online, like the other past food chains and restaurants that accept also bitcoin for payments. So you can not say that bitcoin is not a currency at all.

[Erichallig]

it is an asset. there are two big problems with bitcoin as a currency: its value is unstable and its transaction processing is too slow. The most important feature of a currency is that it be a stable store of value. Another basic feature of a currency, beyond being a stable store of value, is to facilitate transactions

[Oasisman]

I found a video on YouTube https://youtu.be/qTxPfxmkLIY that according to this man (Warren Buffett) said "Bitcoin doesn't meet the definition of a currency" and he said that "he would not be surprised if bitcoin is not around in 10 or 20 years".

Is he a hater of bitcoin? while other big names appreciate the bitcoin.

Your thoughts?

In some point he is right. We cannot consider Bitcoin as a currency today as its still facing some issues like high transaction fees and slow transaction procedures, in short Bitcoin is still unstable and still cant match the fiat currency. But once it becomes stable and can match the traditional banking system, this will eliminate big names in the business industry. Some big names are just afraid of Bitcoins future thats why they stand against it.

[dhka]

I am pretty sure Buffet will be gone long before bitcoin does LOL
Anybody could have their own opinion and judgment, you cant blame hame either, nothing to worry about here.

But yeah, it is no longer a perfect example of currency now because how hign the price is. But it is a good asset

[zhangfeng666]

I will not listen to what he said, he just won't buy COINS, and currency in the future replace now currency as legal tender in the future, he will feel how foolish it is what he said today

[mostkey]

Maybe not a virtual but still a currency that is only digital. Even though its a digital currency, it has the ability of a physical money when it comes to payment and buying products through online, like the other past food chains and restaurants that accept also bitcoin for payments. So you can not say that bitcoin is not a currency at all.

may be more so called modern means of payment. because the bitcoin is not intangible, so it is true this can not be called with the currency. perhaps many people assume that way because the bitcoin is intangible. so I myself think bitcoin is just a means of payment

[Jaya1995]

bitcoin is a kind of crypto currency ... indeed when in its world bitcoin is still questionable as which currency ... but bitcoin has a considerable interest rate ... when in the virtual world bitcoin become crypto currency which is very popular

[jancukiyah]

Everyone has their own opinions. Everyone is free to talk everything's about anything. Whatever he is a hater or lover of bitcoin, bitcoin is a digital currency, no one can predict anything about bitcoin. Just make him opinion to knowledge of bitcoin. For now just earn your profits from this digital currency.

[shiv06]

My opinion Bitcoin was originally invented as a peer to peer digital currency that a fast, secure, decentralized and to and to be acceptable worldwide.

[mardaed]

Bitcoin is a crypto currency, he may be enjoyed earning fruitful profits with bitcoin. We can convert currency into bitcoin and bitcoin crypto currency into currency to meet the daily needs as bitcoin usage is not extremely become legit.

[FullShoe812]

Bitcoins are a real currency, which can soon displace all known to us at the moment.

[gayan84]

Bitcoin is a cryptocurrency and worldwide payment system. Bitcoin is a new currency that was created in 2009.  find a wallet, buy bitcoin, shop with bitcoin, read bitcoin news, and get involved on the forum.

Start trading with Dannel.io
 

[usechain]

I found a video on YouTube https://youtu.be/qTxPfxmkLIY that according to this man (Warren Buffett) said "Bitcoin doesn't meet the definition of a currency" and he said that "he would not be surprised if bitcoin is not around in 10 or 20 years".

Is he a hater of bitcoin? while other big names appreciate the bitcoin.

Your thoughts?

We can not lose the sense of reason because we talked about bad bitcoin. We are bitcoin proponents, but we are not cultaries，we accept Bitcoin's criticism and goodwill advice. I do not think this person is a bit Opponents of the currency, on the contrary, I think some of his suggestions I can still accept and think deeply.