Bitcoin failed as a currency

[bizarro]

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 ?

For real time bitcoin still is digital money.  I don't think we need to talk about bitcoin as a currency because we still have fiat, and we use it. Bitcoin mass stay only in the internet. It is the best stage for him.

[muratdur]

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 ?

I am saying, bitcoin is only a digital currency. So it doesn't need to be a real currency in the future, because we still have fiat money. If to talk about digital currency, I don't see that bitcoin failed, because technology is growing up every day.

[aleksej.rozhkov]

bitcoin is the same currency, only much more unique and has more opportunities, this is a unique electronic currency

[svetochka.yakovleva.93]

why can not you call bitcoin currency? It seems to me that this is a very strange proposition, it is a currency but only it is electronic money.

[Yurikochdt]

To say that it cannot be used as currency because it is too volatile is true in some sense. New markets are by their very nature volatile. Only greater adoption will help stabilize the price but it will also drive up the price so what do we do??

[LegitizeDrops]

I don't think so. "The question was will it lasts for long-term". I don't agree. Because as days past by, many cryptocurrencies is being created, which is much better than BTC. There is KOMODO, EOS, RIPPLE and etc. But the advantage of BTC is that it already gains popularity and many people trust it.

[ggezlink]

Numerous individuals want to use bitcoin since it is more helpful to use as venture. Nonetheless, numerous individuals say that bitcoin can likewise use as money where you can trade it in some significant things particularly on online market. Moreover, I concur that bitcoin is more effective as a type of commodity we can use as good investment.

[sapnu]

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 ?

How can you justify that bitcoin failed as currency if there are many investors and users who have been successful for this. How can you say that btc failed as currency if it is the standard of all coin and currencies now. How can you say that btc failed as currency if there are comapnies accepts btc as their medium of exchange.

[amwer]

These major issues with Bitcoin raise the question: what happens if it fails? Many people have hinged the success of crypto-currency in general on the success of Bitcoin. So, if Bitcoin fails, does that mean that all crypto-currencies can never be as successful as precious metals or paper money? Could the anti-Bitcoin pundits, such as Peter Schiff, be right? No. Although Bitcoin may fail at some point in the future, it has still created a discussion in economic circles that could potentially advance the entire monetary theory in general. The failure of one crypto-currency, even if it is the most successful one, does not mean the entire economic theory surrounding these currencies is invalid.

[Mlowo]

a time bitcoin will become the world currency, maybe this bitcoin price decreased so that bitcoin coins are not clear its usefulness, I believe bitcoin will be the currency in the world.

[cold cool]

At present, the BTC cannot be judged as currency, at least it does not have the value and qualification of legal currency, it is just a speculative product.

[Anish02]

I think because of the bitcoin many people have earned a lot of money and become successful. And on the other side of bitcoin, still now many countries are against bitcoin and these countries are not supporting to it. So in this phase bitcoin has failed. And after several years, I hope that those countries which are not supporting it right now will be supporting it. And make a good use of it.

[Tamboran]

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 ?

Any way your opinion is yours but i don't think bitcoin as fail in any area yet because it has not got it goal and using bitcoin as an asset or currency is individual opinion because is decentralized no one can choose how to used or manage your investment for me i can decide to use by bitcoin for currency and also i meant decide to store it as asset this don't mean bitcoin fail as currency but playing multiple rules which is more interesting .

Agree, Bitcoin is some kind of currency tools in beginning purpose, but with running time, people more interest it become as asset of investment, how they were expected to hold it and sell it after 5-10 years later. Whereas if Bitcoin is in a condition as a currency only, then its value may remain even if it is stored for 5-10 years later.

[Jay51]

I am not sure because there is a lot competitors but I have read that btc counts as a 6th biggest currency in the world actually. And now I am interested in learning Token Sale projects and I found one maybe you cn help me.

[VclDm]

Absolutely correct, BTC will not be able to become the currency of any country, the first is that they are not owned by anyone, the second is the price of BTC fluctuations too large, so inappropriate for becoming a common currency of the nation

[satria2]

Absolutely correct, BTC will not be able to become the currency of any country, the first is that they are not owned by anyone, the second is the price of BTC fluctuations too large, so inappropriate for becoming a common currency of the nation

The unstable price makes everyone think about how Bitcoin will be made into a paper currency that can be used visually.

[nexus5chetan]

I am still trying to understand why you say bitcoin has failed because, in my books, bitcoin hasn’t failed at all. Yes, it has been called a bubble, a scam, and many other names but it has the promise of the future. Bitcoin is a pioneer and historical cryptocurrency in earth.

[linlinhl]

I think it is because it has a high volatility so bitcoin as a payment would be less effective. Imagine if bitcoin is used mainly as currency everything should be adjusted every hour or span of time to update the prices and value

[SaiWAFU]

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 ?

It really does fail as a currency. Stores or shops are very limited in terms of accepting bitcoin for transactions.

No big companies yet have announced for adapting bitcoin transactions in their businesses.

[xuzukami]

Never, the BTC is now only a cryptographic currency that accounts for a small part of the world economy, the MOF has not yet been widely accepted and has not been widely disseminated in some areas and countries.