Bitcoin must come back to its original use - currency !

[gowobonyok]

for the current position, it will be very difficult to make bitcoin become the original currency. because the growth of the value of bitcoin is very good and makes everyone actually make it an investment asset that has good prospects.

[BennyK]

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.

Yeah adoption will continue to happen, and you can't use someone to use bitcoin for currency. in fact bitcoin can be used for many things, and that's good because it's multi-tasking. so the point is no need to make a fuss about using bitcoin, because everyone is free to use bitcoin for anything

Well, adoption keeps on increasing as the need for bitcoin and acceptance all around the world is going high. Bitcoin as a mainstream currency takes time to reach the global market. As of now very little people are aware of bitcoin in comparison to the fiat usage globally.

The problem with bitcoin is on government regulation in many emerging country. Beside that, many country regulate bitcoin as commodity not as currency. I am agree, bitcoin need more time if we want to use in merchant as currency.

Definitely, Bitcoin needs more time to work its way out in order to be used by many as a form of currency. Every country has a different perception about Bitcoin and that is why the governments accept Bitcoin whereas others don't. But with time as more developments set in the Bitcoin Blockchain such as the Blockstream Satellite development which will enhance offline transactions with Bitcoin, people will begin to patronize Bitcoin using it more often on the offline mode in purchase of goods and services.

[andriarto]

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.

Yeah adoption will continue to happen, and you can't use someone to use bitcoin for currency. in fact bitcoin can be used for many things, and that's good because it's multi-tasking. so the point is no need to make a fuss about using bitcoin, because everyone is free to use bitcoin for anything

Well, adoption keeps on increasing as the need for bitcoin and acceptance all around the world is going high. Bitcoin as a mainstream currency takes time to reach the global market. As of now very little people are aware of bitcoin in comparison to the fiat usage globally.

The problem with bitcoin is on government regulation in many emerging country. Beside that, many country regulate bitcoin as commodity not as currency. I am agree, bitcoin need more time if we want to use in merchant as currency.

Definitely, Bitcoin needs more time to work its way out in order to be used by many as a form of currency. Every country has a different perception about Bitcoin and that is why the governments accept Bitcoin whereas others don't. But with time as more developments set in the Bitcoin Blockchain such as the Blockstream Satellite development which will enhance offline transactions with Bitcoin, people will begin to patronize Bitcoin using it more often on the offline mode in purchase of goods and services.

to be used as a full currency, of course all countries or most countries must legalize it. and to make it indeed requires not a little time, because indeed every country has their own views. and also every country has different constraints, therefore we must be patient to see that happen

[Ozero]

This should be one of the things that we should have promoted here and not what we are seeing today. Many of us has seeing bitcoin as investments tools and not as currency. We are concerned about how mush we would make from the push or fluctuations in pricing. Bitcoin been used as an assets to trade or invest for high profits will undermine it values and it positions as a currency.

Of course, if Bitcoin will continue to be used primarily as a means for investment and storage of value, then over time it will inevitably collapse. This is a dead end road. It needs to be developed and used precisely as a currency, as a means of payment, then it will have a good perspective.
Now it is still very weak legalization of cryptocurrency by the states and therefore the infrastructure for using cryptocurrency as a means of payment is practically not created or this process is too slow.

[whiteblue]

As far as we all concern, even though we want bitcoin to be a really functional currency worldwide, there are still some hindrance on how it doesnt make happen like illegalization of other countries and lack or funds and resources to produces upgraded gadgets to be a crypto bin. For now,we are contented about it and still looking up for the progress it brought us everyday.

I think cryptocurrency must be developed every month and make the cryptocurrency be optimal again, so that it will have an influence on the cryptocurrency price movements because more and more will interact between buyers and sellers in the exchange.

[virasog]

Sometimes I also hope to use bitcoin as an initial goal, which is to become a currency
even though I used my crypto currency to buy some mining machines.
but I did it online. because this country's government regulations prohibit making bitcoin to be used as a legitimate financial transaction.

If we analysis on bitcoins, we will see that it has failed to become the main currency anywhere. There are many forces which do not allow or do not want that bitcoin should become the real currency. These forces includes banks, governments and other finical houses who do not want this transformation to happen. They are of the point of view that if this happen, it will be a threat to their own ecosystem.

[jrrsparkles]

for the current position, it will be very difficult to make bitcoin become the original currency. because the growth of the value of bitcoin is very good and makes everyone actually make it an investment asset that has good prospects.

When we are suing bitcoin as an investment the prices will be like this keep bumping and dumping forever,so there need to be something occurs to accept it as payment.

But the good thing from the long bear run is lot of investors who came here to make short term profits were elimited now there are real crypto enthusisat were in action.

[slocker]

Bitcoin as crypto world in general evolved, it not just bitcoin its technology evolved. Finding more and more usage everyday. Banks and government can say that they dont approve but eventually they will used it and they are developing something similar to blockchain how will this be possible and how will it work no such intel but they are trying to take this market even by force. Cuz control is prime with banks and governments.

[Kuchiyose]

Bitcoin as crypto world in general evolved, it not just bitcoin its technology evolved. Finding more and more usage everyday. Banks and government can say that they dont approve but eventually they will used it and they are developing something similar to blockchain how will this be possible and how will it work no such intel but they are trying to take this market even by force. Cuz control is prime with banks and governments.

This is only a way for some countries to make a new coin that will beat Bitcoin and be used by others later on. You can see for yourself that there will be new coins that will rival Bitcoin.

[iMark]

Sometimes I also hope to use bitcoin as an initial goal, which is to become a currency
even though I used my crypto currency to buy some mining machines.
but I did it online. because this country's government regulations prohibit making bitcoin to be used as a legitimate financial transaction.

actually there is no intimidation for you to use bitcoin for currency only, anyone can use bitcoin for anything, isn't that a function of decentralization? dont need to force people to only use bitcoin as a currency, after all whatever they do, it will certainly add to the bitcoin market crowded right?

[Distinctin]

Sometimes I also hope to use bitcoin as an initial goal, which is to become a currency
even though I used my crypto currency to buy some mining machines.
but I did it online. because this country's government regulations prohibit making bitcoin to be used as a legitimate financial transaction.

actually there is no intimidation for you to use bitcoin for currency only, anyone can use bitcoin for anything, isn't that a function of decentralization? dont need to force people to only use bitcoin as a currency, after all whatever they do, it will certainly add to the bitcoin market crowded right?

It actually bitcoin will be used as a currency and that is really the intention of its creation but it turns into investment for the main time that crypto isn't accepted as a form of currency. But I do believe that from the time it comes, people will this and consider bitcoin as another form currency just like of fiat.

[idham29]

Bitcoin as crypto world in general evolved, it not just bitcoin its technology evolved. Finding more and more usage everyday. Banks and government can say that they dont approve but eventually they will used it and they are developing something similar to blockchain how will this be possible and how will it work no such intel but they are trying to take this market even by force. Cuz control is prime with banks and governments.

As the initial purpose of creating bitcoin ten years ago was to create digital currencies that could be used throughout the world. So the goal is indeed digital currency.
If in the next development creates new opportunities such as trade or investment, it is a positive impact of public trust in bitcoin. That is, bitcoin provides added value that can increase revenue in addition to its main function as a digital currency.

[AjithBtc]

Bitcoin as crypto world in general evolved, it not just bitcoin its technology evolved. Finding more and more usage everyday. Banks and government can say that they dont approve but eventually they will used it and they are developing something similar to blockchain how will this be possible and how will it work no such intel but they are trying to take this market even by force. Cuz control is prime with banks and governments.

As the initial purpose of creating bitcoin ten years ago was to create digital currencies that could be used throughout the world. So the goal is indeed digital currency.
If in the next development creates new opportunities such as trade or investment, it is a positive impact of public trust in bitcoin. That is, bitcoin provides added value that can increase revenue in addition to its main function as a digital currency.

Rather than a digital currency the main purpose was to serve similar to payment gateways. This further got transformation when the value the block holds is being used on several underground services to stay anonymous. Now it has got multiple usage and the large scale usage is getting served as a virtual currency. This will last forever as a currency but not as mainstream.

[mirawantirinjana]

Bitcoin is a currency but most people do not want to accept bitcoin for goods and services because of the way the price fluctuate in the market.

actually, there are many people or companies that accept bitcoin for financial transactions that they do, but some countries do not legalize the use of bitcoin so that citizens of these countries do not dare to violate these rules.

[gabmen]

Bitcoin is a currency but most people do not want to accept bitcoin for goods and services because of the way the price fluctuate in the market.

actually, there are many people or companies that accept bitcoin for financial transactions that they do, but some countries do not legalize the use of bitcoin so that citizens of these countries do not dare to violate these rules.

Well obviously most people wouldn't want to transact with a currency that swings in value hard quite often. That kind of movement is suited for trading where the fluctuations can be taken advatange of for making money. I think btc is not yet ready to be fully seen as a mode of transaction.

[iv4n]

Bitcoin is a currency but most people do not want to accept bitcoin for goods and services because of the way the price fluctuate in the market.

actually, there are many people or companies that accept bitcoin for financial transactions that they do, but some countries do not legalize the use of bitcoin so that citizens of these countries do not dare to violate these rules.

Well obviously most people wouldn't want to transact with a currency that swings in value hard quite often. That kind of movement is suited for trading where the fluctuations can be taken advatange of for making money. I think btc is not yet ready to be fully seen as a mode of transaction.

Bitcoin started from zero, nobody knew about it, now you can drink a beer in some bar and pay for it in bitcoins, litecoins, dogecoins, or you name it:

I want to see global adoption too, but where`s the hurry? Just cause bunch of us here like it and have it means that everyone else should too? You think that everything in the history is accepted with lightning speed? Things are moving in a good direction. Slower, sometimes faster, it`s going and there is no need for hurrying, pushing, in some places it`s happening already, it will spread to others sooner or later.

[marcelocoin]

the bitcoin is a fast payment method, agile and without limits geometric, yes to min I sweat my satoshis for transfers and payments!

[PlusOne88]

Yes this should be what is so suppose to be done by people that is if we wanted to make it useful. The reasonable and appropriate use will be the best thing to do during this time of the year when everything is not quite well. People should be educated to use it wisely if we want the service or the technology to work in the way we want it to be. Whales should not be there to be very greedy they must use it with the way it is intended to be.

[dimox]

some people ready to use it as currency, but it have up date price, bitcoin dont have real price, so people will take the advantage from it, buy and sell bitcoin to gain real money. if it use as real currency that have stable price, i think they are not ready for it, because bitcoin is profitable.

[Naida_BR]

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.

As long as people believe that they are going to make a profit from bitcoin then it is a commodity. Also the fluctuation in the bitcoin price makes it a commodity. Currencies do not used to have so many fluctuations in their value, so I think that your statement is wrong. If you need a currency you need a crypto which will have a stable value and it will be dedication to daily usage.