Bitcoin failed as a currency

[nguyenduc474616@gmail.com]

Bitcoin has become a currency in some areas when it comes to life. But it's not popular yet. Bitcoin's main goal is to make a profit from high volatility

[roadwell890]

failed from where? I feel that bitcoin is an investment vehicle that can support citizens around the world from small and medium intestines
this causes the majority of people in the world to rise and better

[HeatherRamsey]

I do not think you can say that bitcoin fails as currency. If you compare with some other national currencies, it is very successful. Bitcoin is accepted in many online stores, and for the most desirable products in deepweb. You can also buy a tesla with it. So I can not see any sign of failure!

[biskitop]

his situation is very difficult. because traditional traders and markets such as minimarkets and others generally do not accept bitcoin as their payment. and one can not accept bitcoin as payment for private transactions either.

[Janeterrekg]

I will not agree with this that the Bitcoin failed to be as a currency. Why? Because we all know and aware that the Bitcoin is the King of all the crypto currencies. It makes and helps a lot to our community and to the different industries most especially to the different businesses to expand and help to be more productive as a currency, so nothing to say that it failed to be one as a currency.

[Karie_Legend]

his situation is very difficult. because traditional traders and markets such as minimarkets and others generally do not accept bitcoin as their payment. and one can not accept bitcoin as payment for private transactions either.

Not all markets to receive shopping pass Bitcoin because Bitcoin has not been received in every country.

[IndigoRed]

Bitcoin was supposed to be used as a currency, not only a form of investment. However, it's been more successful as a form of investment, a "speculative asset".

Do you guys think that this can change in the long term ?

We cannot easily conclude from what we are just seeing right now. There are many things that may happen and may somehow change your point of view. Bitcoin is not just used as a currency, as we all know ,bitcoin is a digital cryptocurrency which only exist in the digital world. Since it is a product of technology, change is inevitable and bitcoin is not exempted from that. Before it was just used a currency, well now it can also be used in earning which is not a bad thing.

It's interesting what you said about bitcoin being a digital cryptocurrency existing in a digital world. You're right. That's why I have a solid acceptance of virtual currencies because I'm a firm believer that our future will be highly digital. Why do you think there's so much hype now about augmented, virtual and mixed realities? It's because these technologies will be harnessed in order to create a digital world. What do you think about digital currencies actually being used in a digital world?

[doodle07]

We cannot jump to a conclusion like that, bitcoin will never failed as a currency just because others making it as an investment, for me its both currency and investment but nowadays many were been blessed to gain profit from bitcoin and will be their future asset.

[bitcoinsocial09]

Bitcoin was supposed to be used as a currency, not only a form of investment. However, it's been more successful as a form of investment, a "speculative asset".

Do you guys think that this can change in the long term ?

We can’t predict it right now. But if thats happen it is in potive side. It is better that bitcoin will be successful as a currency because we can used it to buy those things that is necessary in outlr life. It can help us to sustain in this world.

[PAES23]

I think bitcoin is still used as a currency, the only thing that makes people invest to is due to the fact that the price of bitcoin is fluctuating so much and it's decentralized. That’s why many people will always invest to it, but some uses it for transaction as a digital currency.

[TaliskerDarkStorm]

You’re right now people see it as an investment method but it doesn’t mean that bitcoin failed as a currency. Economics are complicated than we all think and we are talking about cryptocurrency here. The world needs more time to use it a payment method. It’s simple and in future maybe we might really use it as just a currency. So we just need to be patient to see if it’s gonna success or fail.

[ay0d1]

Bitcoin was supposed to be used as a currency, not only a form of investment. However, it's been more successful as a form of investment, a "speculative asset".

Do you guys think that this can change in the long term ?

Is just a matter of time, if you follow the history of money it all started as a way of trade by barter especially in major undeveloped world before full adoption of paper and coin currency. Bitccoin as currency will gradually see the light of day as technology keeps increasing and e-commerce.

[captin crunch]

It did not failed, we cannot say so, but in the end of the 2017 the prices of cryptos hit their highest level, and now they are normalized and we think that they are failed, but no I think that the situation in December was abnormality itself.

[maneka]

Bitcoin can not become a currency, it has been around for a long time, it has grown, but it has not reached the top.

[patron bounty]

I think bitcoin does not fail, people who fail to control their greed to keep pumping and profit from bitcoin. Bitcoin continues to move and will achieve its goal of becoming a global currency and the use of bitcoin in everyday life is clear evidence that people have started using bitcoin as a means of payment in the future.

[F$m@nia]

It did not failed, we cannot say so, but in the end of the 2017 the prices of cryptos hit their highest level, and now they are normalized and we think that they are failed, but no I think that the situation in December was abnormality itself.

I agree, Bitcoin has not failed. Still it has the potential to touch the new highs.

[SHAWN-MIDWAYS]

It won't become currency since it has no fixed price it's not stable it has a volatile feature which makes it decentralized.

There huge chances of getting a ban in worldwide because it is affecting the economy of a country.
It just internet currency and it will remain here forever plus it doesn't exist physically its risk and can be stolen easily.

Maybe in future government start accepting it up right now it's not possible

[yamete kudasai]

Bitcoin was supposed to be used as a currency, not only a form of investment. However, it's been more successful as a form of investment, a "speculative asset".

Do you guys think that this can change in the long term ?

There are still industries that accepts bitcoin as payment and new ones are coming up every now and then. There are also private transactions that happens between users worldwide. The duality of bitcoin makes it really unique because you won't know which one will still in place in the future. When all bitcoins are mined, I expect that the prices will stabilise and it will be used more as a currency.

[DoublerHunter]

Bitcoin was supposed to be used as a currency, not only a form of investment. However, it's been more successful as a form of investment, a "speculative asset".

Do you guys think that this can change in the long term ?

There are still industries that accepts bitcoin as payment and new ones are coming up every now and then. There are also private transactions that happens between users worldwide. The duality of bitcoin makes it really unique because you won't know which one will still in place in the future. When all bitcoins are mined, I expect that the prices will stabilise and it will be used more as a currency.

That is right, that is the same thought that i have when it comes to the supply of bitcoin, if bitcoin will be fully mined then the price of bitcoin will stabilize since people already have all of the bitcoin and most of the time, people will use it to buy things since the companies will accept it because of the stability.

[sicnarfwb]

I can proved it your wrong about your interpretation about BITCOIN failed as currency. BITCOIN currency already been used by countries which they accepted BITCOIN as payment.