Bitcoin must come back to its original use - currency !

[JoshMart]

I understand that Bitcoin initially was created as a currency but as time goes by, it is now more as an asset to a lot of people. It is going to be hard to take it back to just the plain currency. With the current price and value of Bitcoin, no wonder a lot of people can't use it as a currency anymore, I am guilty of that. Right now, even though I know that it is a currency, due to its volatility and the price value, I rarely, actually I am not using it as a currency at all. I utilize my coins as my asset for my long term investment and trading business.

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[oxygensignatureR]

Whenever you try to succeed in btcs by using it as local bits, you are bound to get ashamed by a group people for using illegal currerncy

[Pelevelyl]

No one needs bitcoin as a cryptocurrency, everyone needs bitcoin as a tool for speculation on the exchange.

[bowals]

It had to go through this to gain critism,  popularity, regulation and hopefully universal acceptance

[gorodi]

I don't see a lot of people that hopes for another great merchant integration today, currently, people are talking about countries regulation and trading

What I see is that many people take Bitcoin as the investment, not as the currency. Yes, you can pay for many things with your BTC but are you ready to do it?

[Bitfling]

With limitation on supply, i think peoples will keep and hold bitcoin as investment. That supply will make bitcoin like gold in real world. If used for currency, peoples with limitation on internet will hard to used it and its better for them if they hold bitcoin as investment

[Elkafi]

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.

I think If the price of bitcoin is more stable, It can be currency.
But I think bitcoin is an asset. Nothing is proved about it because our thoughts are set to assets, store value, trade, profit when we say "Bitcoin". If it's never going to be associated with that then I'm sure you'll use it as a currency as well without further evidence.

[bering]

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

[kipo]

as soon as bitcoin is at the level at which it approaches as a means of exchange, most transactions will occur not in the main network, but in second-tier networks with much lower commission fees.

[Reid]

Because of all that reason people became wise again making it as an investment. Manipulating the price by making demands go larger instead of continous circulation with the usage of it as a currency.

It is difficult to avoid ot since they see a lot of money coming in.
But the problem became larger when rich people came in. They want more. Trading back and forth with large amounts to manipulate the price.
Who can stop that since bitcoin is not controlled?
We will just have to wait for countries that will accept it.

[frowsiter]

Indeed. Now a days it is becoming even more and more unsafe or unstable to use. People will never look at the crypto like bitcoin as currency because their minds are already sat up with the one thing only and that is getting our investment doubled or tripled in short period of time. If they are already bound with such pyschology then I am pretty sure we have no way out for making BTC as the new currency. There needs be brain wash for such things to be reconsidered, but with the current values around us it seems highly impossible.

[Jamescur]

BTC's price fluctuations are difficult to use as a currency! And there are few merchants that end BTC payment, which also hinders the circulation of BTC!
To be like Japan, the state supports the development of BTC in order to make BTC return to the same as when the currency was used!

[pantheraio]

I also think that if bitcoin focuses itself on functioning as a currency. This will probably make the price and bitcoin value more stable in because bitcoin turnover occurs in many things not only occur in the market only.

[i_iz_vins]

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.

Sure it started as a currency but it is also used as a currency like cash and a payment network just like how paypal works. It is used in either of the two and we cannot deny the fact that it helped a lot of users that uses it for payments. It is part of development so it naturally occurs.

[winterland]

Bitcoin has not strayed from that path, bitcoin is still a currency the reason bitcoin so far had more success as an investment is because we all can recognize its great characteristics as a store of value, but as a currency bitcoin is kind of slow, but this is going to be solved once the lightning network is operational, at that point its usage as a currency will eventually surpass its use as a speculative asset.

[krishnaverma]

Bitcoin started as a currency, but it's more of a commodity now. One has to wonder if Bitcoin got more traction as a currency would it have been as popular as it's now as a commodity? Would Bitcoin prices have been much more stable than now where users would have been using it for day-to-day lives? Not likely. Not about Bitcoin vs fiat, but if you're living in a country with a strong and stable economic conditions, Bitcoin doesn't serve much purpose as a medium of exchange, other payment systems would do the job, unless Bitcoin transactions are that cost-effective, but yeah in a hyperinflated or a nation with a broken economic structure, that's where Bitcoin serves its true purpose as a medium of exchange.

I can understand that the users have got greedy and thus no one wants to spend  his bitcoins for payments. But what about the people behind the project. I am sure that they must e holding good amount of bitcoins and they should set an example before the users. They should use that crypto to buy services and products from genuine sellers.

Also, there can be some sort of incentive for spending x amount of bitcoins. Problem with current way that it will kill crypto in long run.

[ghermghuda]

I also believe the same thing. Until we come back to yhe full realization that Bitcoin is supposed to be a currency that will serve as a medium or portal of transactions, we'll be pondering about the market everyday. Though market value has influence, if we're able to make the use case realistic, we'll rather use the use case to determine a better market value.

[RockBar0]

Bitcoin has not strayed from that path, bitcoin is still a currency the reason bitcoin so far had more success as an investment is because we all can recognize its great characteristics as a store of value, but as a currency bitcoin is kind of slow, but this is going to be solved once the lightning network is operational, at that point its usage as a currency will eventually surpass its use as a speculative asset.

Bitcoin is increasingly demonstrating its worth in the global financial market from a low value virtual currency to a very valuable asset in the market. I believe that this strong development is its reason and it will not stop because of the current investment needs and trends.

[BitHodler]

Though market value has influence, if we're able to make the use case realistic, we'll rather use the use case to determine a better market value.

The market value is the only thing that matters for people.

Altcoins are the perfect example of why people don't care about what the underlying technology of these coins stands for, they just want to ride the peaks and then move to the next coin they hope is on the brink of exploding.

The exact same speculative hype happened during the dotcom bubble, where everything that was technology or internet related was worth orders of magnitude more than their real world application or product.

Bubbles are pretty easy to spot, and crypto currencies are going through one that has still not popped yet. Not sure when it will pop, but it will happen. Only a dozen or so coins/tokens will be left standing after the cleanup.

[xitrum]

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.

I think that in terms of bitcoin's popularity, it will be very difficult to replace the currency although human needs for electronic transactions are increasing. You can see that the crypto market is fluctuating continuously and is in the bearish cycle in the long run, so to be able to trade successfully is very difficult, the popularity of bitcoin is still very limited, Therefore, it will be very long time for Bitcoin to replace the currency.