Bitcoin is not a currency?

[Dilladupak]

My opinion about this new individual, that bitcoin is an investment and  transaction, bitcoin is an easy-to-use digital currency.
Because for us bitcoin a bright future, easy to get more profit, according to our society bitcoin is very safe and easy to use in all forms .

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[webdevmastery]

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 believe that some wealthy gentleman are just envy of those people who earn their wealth from cryptocurrency because it was the easier way rather than working hard on the corporate world and earn a few amount of salary or maybe he is not knowledgeable enough about cryptocurrency that's why he tell those wrong words.

[ShiroThe5th]

I strongly disagree about bitcoin is not a currency. Bitcoin is a currency, a cryptocurrency were only exist in computer and could buy any item online. I think the difference between the currency and the crypto one is the currency has a value and an actual visualization while the crypto is also has a value and but without actual visualiziation. But still the VALUE is indicated, bitcoin is a currency.

[wireless474]

My opinion about this new individual, that bitcoin is an investment and  transaction, bitcoin is an easy-to-use digital currency.
Because for us bitcoin a bright future, easy to get more profit, according to our society bitcoin is very safe and easy to use in all forms, although currently in  my bitcoin country is very famous.

I agree with everything you said other than the "easy to use" comment. There is still no easy way to really use bitcoins. It's easier for more techy and younger people to understand how to use it. But there is still not an easy way to use it or understand how to use it for a major general population.

[carlisle1]

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?

you know what?instead of reading and watching about this nonsense issues.why not spend your time on crypto buy trading good coins or better do some other valuable things..this kind of videos only means one thing,bitcoin is most popular among them all and unstoppable thats why so many issues has been thrown to us.but always fail to make this community down.

[Rubble898zaitO]

I believe Warren Buffett is a non believer of Bitcoin because he doesn't know much about it, how it works, its advantages, its technology and how it actually help people change their lives financially. For those who have had their lives changed, his words and beliefs about bitcoin, won't matter at all.

[DoublerHunter]

Bitcoin is not a currency as of now because we cannot use it as a currency like the fiat that you just give the payment then you will be okay because in bitcoin, you need to wait for the confirmation before the cashier can declare that the transaction between you and the cashier is official and the problem is, you need to pay extra bucks for fees just to do a payment.

[tesmark07]

Well for me bitcoin is a digital currency.
Like a fiat we can use it in so many ways. But it is better to convert it to your countries currency for easy transactions

[batman12345]

maybe warren buffets do not understand about the concept of blockhain from bitcoin. from his remarks. I do not think he's a bitcoin hater but rather still neutral in terms of assessing bitcoin currencies..

[BarrieBarrett]

So far, no one can say definitely what bitcoin and crypto-currencies are.

[wireless474]

I believe Warren Buffett is a non believer of Bitcoin because he doesn't know much about it, how it works, its advantages, its technology and how it actually help people change their lives financially. For those who have had their lives changed, his words and beliefs about bitcoin, won't matter at all.

This statement is very true. I think I read somewhere about an interview with him, he admitted not fully knowing the technology behind and/or fully understanding how bitcoin works. If I can find the link again, i will definitely post it up in here.

OP, either you are trying to advertise bad news to the crypto community or you are wasting your time reading about nonsense words from people who don't even believe or is a a part of the crypto world...

[ljm8888]

Yes, I think the current bitcoin is not in accordance with the definition of money. First of all, the most important thing is the rise and fall! The price of real money should be stable. The tumble and tumble of bitcoin does not match. But this characteristic of bitcoin is the magic of attracting people. There is a great interest in the middle. I see a bullish bit of bitcoin!

 

[mc.craigsvictor]

I think that it does not have much knowledge about bitcoin.Warren is one of the guy who is not liking the idea of bitcoin making others rich.The people who are with the flow is making profit and who are against it, spreading rumours are watching people making money. when Warren Buffet or the likes of him are talking about bitcoin, they have invested in it or want to buy in the dip or want it to go up so they make profit when they talk positively like John McAfee.

[Mer1251]

no we know all that bitcoin is the future currency that we face in the future  maybe it takes to long for that....

[bitcoinstress]

It's depends on you looking at if you like to use Bitcoin for any transaction surely for you Bitcoin is currency but im looking Bitcoin as investment.

[federicocrespi]

I saw an interesting article about this topic! Bitcoin doesnt act like a currency in some of its caratheristics! If i can find the link i’ll post it on this conversation!

[Ariess]

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?

yes various people have different opinions, and I do not really care what he says. yes, most importantly for me, bitcoin can provide an opportunity to improve good living through investment, trade.

[AmericanBit]

I think that it is currency, but specific type of currency, so it is difficult to compare it with fiat.

[AliMan]

I think that it is currency, but specific type of currency, so it is difficult to compare it with fiat.

Bitcoin is a type of cryptocurrency. I think, he compare the traditional currency to bitcoin in terms of use and regulation. Maybe he said that bitcoin cannot be used in daily living as compared to currency that can be used anytime without transaction fees only if theres no third party intervention. And a currency is accompanied by coin or paper not bitcoin that has no physical representation.

[ipanks]

no we know all that bitcoin is the future currency that we face in the future  maybe it takes to long for that....

to be a new currency for every country, bitcoin needs approval from the governments and the governments allowing people to use bitcoin in many things, especially in the payment section. but for now, I think we only could use bitcoin on the internet and we could save more bitcoin to prepare for the future because in the future, if bitcoin is really good for the country, then I am sure that the government will approve bitcoin and bitcoin will be a new currency and will be bridge from the real life and the online life without any limits.