Bitcoin must come back to its original use - currency !

[EdenHazard]

I'd love to use my Bitcoi. But then again, utility companies don't accept bitcoins, groceries haven't heard of bitcoins even my insurances don't give a damn about it. I mean yeah internet related transactions are good but I don't have any transactions over on the internet. But like any other fiat, you can always invest on them.

The problem becomes complicated, because volatile price changes and decentralized nature are part of the factor most countries are reluctant to accept bitcoin. If this part doesn't exist in bitcoin, certainly many countries will accept bitcoin as a payment system, returning to their original properties as currency. But now it is too late to change that, because until when bitcoin will remain as it is now. Even I like bitcoin like now, many functions other than as payment system.

[1715417362]

1715417362

[1715417362]

1715417362

[1715417362]

1715417362

[1715417362]

1715417362

[ApocalypseNow]

Some people are using it to buy products and markets where they prefer to transact through online. Bitcoin is still the same currency and nothing have been changed. We don't have to argue about this because it is what we are all really after.

[deloreswest]

I'd love to use my Bitcoi. But then again, utility companies don't accept bitcoins, groceries haven't heard of bitcoins even my insurances don't give a damn about it. I mean yeah internet related transactions are good but I don't have any transactions over on the internet. But like any other fiat, you can always invest on them.

yes not every one is aware of bitcoin but as lomg as bitcoin has a value it will become currency soon. Try to google about pundi x, i heard they will make hongkong merchant to be able to accept cryptocurrency in 2019, if im not mistaken.

Some people are using it to buy products and markets where they prefer to transact through online. Bitcoin is still the same currency and nothing have been changed. We don't have to argue about this because it is what we are all really after.

yes its still accepted im few place so its still currency  and i believe its just like dollar and euro and bitcoin just a different kind of currency.

[resty]

As the title says I am pretty sure most of us who understands "what is the actual use of the bitcoin will know what it says"

Bitcoin :
Mint Symbol : BTC
Value : Avg. 10K USD/BTC
Form : Virtual
Use : Currency

This should have been the actual thing after the Satoshi's dream to release the coin like BTC in the market. The bitcoin was supposed to be used as currency to buy and sell things the same way we do with our dollar.

The first use of BTC was done when the guy bought pizza for 10K BTC. That was the thing which should have been continued today also. No matter what how much you pay for pizza in those early days, it could have been few satoshi's today but it could have worked just fine.

The status of the BTC has now turned to commodity. The commodity which is being traded globally for the own profit and to run the different industries. This is getting ridiculous day by day as replica of it coming out of the forks.

This Should have been the Future:

Bitcoin is ebbing used as currency in 2009-2010. Government see that its popularity is growing day by day and it could be of could use in the financial sectors, lets implement the blockchain in our banks!

Bitcoin earns the legal status

Bitcoin gets widespread across the globe and rest of the country follow the same and thus the nationwide legal status turns into the global legal tender!

People start using the BTC for trading daily life needs with help of bitcoin.

There are no creation of million BTC addresses daily but the only one unique address per head per bank account!

No exchangers are being created but only handy smart phone apps and PC wallets to store the coins linked with bank chain.

Bitcoin smoothly shifts in the market capitalism and keeps going upwards slowly but steadily. The value rises and it gets cheaper to use for daily needs.

Global financial advisor think about minted coins to be formed physically with unique barcodes printed on them.

First appearance of the BTC in the global market!

Yes, that seems to me perfect. This is what bitcoin could have followed but greedy human changed its history by using it for their own benefit as commodity.

Ya that is exactly what  Bitcoin started, but it doesn't mean because of the Price sliding down continuously it will back to the starting Price again I think its no, because of the Year Change, Technology Change, People also Changed into a higher level standard Bitcoin Price is not Going Back to normal Starting because 2009 are limited user compared the volume of bitcoin User now. Am I right? so I think Bitcoin is not going Back to the Price 2009.

[futureofeth]

I'd love to use my Bitcoi. But then again, utility companies don't accept bitcoins, groceries haven't heard of bitcoins even my insurances don't give a damn about it. I mean yeah internet related transactions are good but I don't have any transactions over on the internet. But like any other fiat, you can always invest on them.

Still, there are many things to undergo about the process because still, the government are not giving any clarity about the whether the merchants should accept the Bitcoin or not. Once we get approvals from the government definitely merchants will start accepting the Bitcoin.

[Cosbycoin]

I whole heartly agree. I have always talked about thats the biggest issue about bitcoin. People use it to make money, buy low and sell high. However bitcoin is a currency itself, not something you use to make money. It is money itself. If we keep doing this and just buy and sell bitcoin than we will never have a great and successful "peoples coin" for ourselves and always use the fiat currency the governments fully control themselves. We need to realize the big potential bitcoin promises us.

[AleSergio]

Bitcoin would be used more and more as commodity rather than currency, it costs really a lot. Maybe some altcoins will be used as a payment method and they will be depended from the price of bitcoin. Otherwise bitcoin is really difficult to use as a payment method.

[billbear]

I`ve seen another topic it's saying that bitcoin is a vehicle and we are those who run it, so if it is true we need to run bitcoin towards being a currency and negotiate with government forcing them to accept Bitcoin as alternative currency.

[lingwistiko]

Since bitcoin has launched last 2009, it is the very desire of its creator (Satoshi Nakamoto) that bitcoin will become a currency that is an alternate to fiat. But the creator itself didn't expect the turn of events that made bitcoin more of an investment than being a currency.

[Ezmael Wright]

I think it's hard to bring back the old ones. Because much has happened today and the price of bitcoins is high. And some have changed their beliefs. Now this is done by the asset and they buy at a cheap price and sell it at a price. So what's happening is pump and dump, especially the whales who are really freaking out now and manipulating the price.

[redsun114]

currently bitcoin only common to used for trade and for long term investment even majority countries in this world considering bitcoin only an digital asset so very difficult to see and called bitcoin used only for the currencies however i personally considering bitcoin can be used for both that for the currencies and for investment tool

Bitcoin value fell and will rise again? people need to use bitcoin again as their daily currency like before,
But due to the high fee that seen before and the long transaction rate, bitcoin fall.
In due time this coin will rise again once Segwits are done to solve the problems.
Also Bitcoin Cash has some advantages over the bitcoin, nevermind Bitcoin is already a currency and the transaction fees now are normalized because of the bitcoin price but when BTC price will go up the transaction fee will be increased like we saw last year.

When it comes to that of the bitcoin, I think of it to be much more than simply a currency and that the ones who are investing their money into different crypto coins especially bitcoin is doing it as they think of bitcoin to be a very good way of making a steady income as well beside using it at different places to buy the things which they need to have. Bitcoin can indeed bring wonders to this world.

[JessicaThomas58]

No one would dare to buy the 1000 years later also did not increase. But only rumors are rising to buy and it will increase, Whale continues to hold cheap goods while on the rise. And the balloon continues to stretch. To reach a level that would cost billions of dollars, he would sell out and continue to break. Period only. Adding to the tightening of nations makes it even more difficult.

[dnovsckym]

Now it is impossible to return bitcoin to its original value - currency, because a huge number of people collect it!

[bitcoinrays]

One of BTC's strength, which is its deflationary nature, is also one of its greatest weaknesses. Like gold, its most valued utility is as an investment and a store of value if one was willing to take the volatility. But theres only one way BTC is going. Up.
With that said, tell me, are you willing to spend your coins for your daily needs? Then prove it. Because I dont. The opportunity cost is too great.

I don't know I love bitcoin being like that, because I would like to pay with it in the store, but also I love to invest and trade it which I cannot do with a regular currency around here.

Not only you but hundreds and thousands of people who are loving bitcoin for so many reasons. The thing that is different, choke and matter of fact that what suits them most relating bitcoin. Some people just love bitcoin as it is sourceof income for them and they are earning so amazing form it. But some do like it as it becomes more suitable and easy way for payment.

[darewaller]

As the title says I am pretty sure most of us who understands "what is the actual use of the bitcoin will know what it says"

Bitcoin :
Mint Symbol : BTC
Value : Avg. 10K USD/BTC
Form : Virtual
Use : Currency

This should have been the actual thing after the Satoshi's dream to release the coin like BTC in the market. The bitcoin was supposed to be used as currency to buy and sell things the same way we do with our dollar.

The first use of BTC was done when the guy bought pizza for 10K BTC. That was the thing which should have been continued today also. No matter what how much you pay for pizza in those early days, it could have been few satoshi's today but it could have worked just fine.

The status of the BTC has now turned to commodity. The commodity which is being traded globally for the own profit and to run the different industries. This is getting ridiculous day by day as replica of it coming out of the forks.

This Should have been the Future:

Bitcoin is ebbing used as currency in 2009-2010. Government see that its popularity is growing day by day and it could be of could use in the financial sectors, lets implement the blockchain in our banks!

Bitcoin earns the legal status

Bitcoin gets widespread across the globe and rest of the country follow the same and thus the nationwide legal status turns into the global legal tender!

People start using the BTC for trading daily life needs with help of bitcoin.

There are no creation of million BTC addresses daily but the only one unique address per head per bank account!

No exchangers are being created but only handy smart phone apps and PC wallets to store the coins linked with bank chain.

Bitcoin smoothly shifts in the market capitalism and keeps going upwards slowly but steadily. The value rises and it gets cheaper to use for daily needs.

Global financial advisor think about minted coins to be formed physically with unique barcodes printed on them.

First appearance of the BTC in the global market!

Yes, that seems to me perfect. This is what bitcoin could have followed but greedy human changed its history by using it for their own benefit as commodity.

First of all… you don’t just call it a “Currency” because it is not a currency rather it is a cryptocurrency. And there is a difference between cryptocurrency and currency. Bitcoin main purpose was for it to be used as a mode of payment (sending and receiving money peer-to-peer) that’s the main use for it, but things changed it is now also being used as an investment.

The fact that is being an investment is what attracts a lot of people, especially investors and it also makes our community to grow, so it’s aright as it is.

[Winterwood21]

The status of the BTC has now turned to commodity. The commodity which is being traded globally for the own profit and to run the different industries. This is getting ridiculous day by day as replica of it coming out of the forks.

Why should think narrowly if bitcoin is more profitable with its status as a commodity, instead with its use in investment will increasingly increase the public interest to have bitcoin this will also make bitcoin prices soar.
The use of limited bitcoin just as a means of payment alone will make the market trend down, because it seems boring.

[NevejElad]

It is still a currency ,if bitcoin will be use for another uses that is profitable to the holders of bitcoin, well thats all good , if it will not make some damage or errors to the investment then ,continue because in this business investors would be profitting for their investment.

[dublados]

One of BTC's strength, which is its deflationary nature, is also one of its greatest weaknesses. Like gold, its most valued utility is as an investment and a store of value if one was willing to take the volatility. But theres only one way BTC is going. Up.

With that said, tell me, are you willing to spend your coins for your daily needs? Then prove it. Because I dont. The opportunity cost is too great.

Truly, and deflationary coins conflicts with our expending society, where we need to spend our cash which loses esteem. As we as a whole need to keep our coins, having bitcoins as worldwide money would execute the expending society.

For bitcoin, the convention must advance to utilize it back as money. On the off chance that everybody begins to utilize their coins, expenses will rise once more, perhaps significantly more than december, so all day by day buys will be relatively incomprehensible. It was conceivable a few years prior, when we had extremely less clients, and I recall our inspiration back in these years was to see bitcoin acknowledged by enormous merchands (like steam, microsoft, amazon, paypal incorporation? ). I don't see many individuals seeking after another awesome shipper coordination today, at present, individuals are discussing nations control and exchanging. Appears like bitcoin utilization and objective has changed, surely.

[paynercash]

I whole heartly agree. I have always talked about thats the biggest issue about bitcoin. People use it to make money, buy low and sell high. However bitcoin is a currency itself, not something you use to make money. It is money itself. If we keep doing this and just buy and sell bitcoin than we will never have a great and successful "peoples coin" for ourselves and always use the fiat currency the governments fully control themselves. We need to realize the big potential bitcoin promises us.

Electronic money will dominate the financial markets. Its application is fast and convenient to shorten the time of other transactions on the internet. And imagine that when you buy something online there is a list of payments by bitcoin that is great. The digital age of territorial nations that need to be adapted and applied to the nation will grow dramatically.

[drachman]

I'd love to use my Bitcoi. But then again, utility companies don't accept bitcoins, groceries haven't heard of bitcoins even my insurances don't give a damn about it. I mean yeah internet related transactions are good but I don't have any transactions over on the internet. But like any other fiat, you can always invest on them.

This is going to be the case for some time but I really think that things are going to change in the next years and decades, adoption is not something that you can force out of people, they do not see the reason for adopting bitcoin yet but they are going to see it in the future when there is an economic crisis and they understand it was because of fiat currency.