Bitcoin failed as a currency

[ayambawang]

if it is called a failure, I think it is too early, it is very difficult to realize btc to be used as a whole currency, because in terms of legality, technology, trust is far from enough, there are too many obstacles, but for long-term planning it may happen, because now this has been a lot of changes, indeed every change process definitely takes time and this big change takes quite a long time, but I am still optimistic that even though the current state of btc is still an investment asset it is more than enough for me

[xiahui135]

bitcoin is not a currency, and will not succeed to be a successful asset. Because it is already meet its limitation, it can not handle more users.

[MoreMoneyHunt]

Bitcoin has not failed as a currency because you can still patronize an item or service with it online. The only development here is that a lot of the attention has been shifted to its investment because it has become more lucrative to hold Bitcoin for long term.

[Ekimzjames20]

bitcoin is not a currency, and will not succeed to be a successful asset. Because it is already meet its limitation, it can not handle more users.

For me it's early to say failure because nowadays is it started to accept in some other big companies as a currency in some other countries. So it is a good start to become a currency worldwild.

[assy]

I don't think bitcoin has failed as a currency. Because this has just begun, the article is that there are already company companies in the world that use bitcoin, indeed in the course Bitcoin is very popular as an investment because it is very profitable, but in the future I think bitcoin can be an investment tool and a currency.

[travelgear17]

Of course We can't say this factor right now due to the fact the destiny are nevertheless bright with bitcoin let us wait for Bitcoin to finally attain a positive degree of stability and we will see how it'll characteristic extra as a currency in place of as a speculative asset

[tracy2233]

How can we say that it’s failed as currency, we haven’t used it as a currency so far. Its used as an investment asset where transactions are done online. There is still a long way to go and who knows Bitcoin will be a successfull currency and can be adopted by banks in future.

[Wayan_Pedjeng]

Bitcoin failed as a currency because a lot of people want to use it as an investment asset (especially in countries such as China and Venezuela, where the governments rig the value of the national currency). And I don't think that it is a bad thing.

[Gulaa1885]

No it didnt, bitcoin still has a lot of potential

[abiola4real]

Bitcoin did not fail, it is just the opinion of some bitcoin haters that bitcoin has fail. For a long time, the price of bitcoin has strongly fell but the same bitcoin still maintain it stability.

[Hammonds]

If an item is made the currency must have its own country.
If Bitcoin wants to be converted into a Currency, it's very difficult to do it because which country wants to make Bitcoin as its currency?

[ParveZ219]

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 ?

Yes nowadays people are getting crazy for Bitcoins by investing in them as an asset only and they are not using Bitcoins as currency... Actually people are greedy enough to make profit anyhow so people are not accepting Bitcoin is currency brother they are investing in Bitcoins keeping it for long term investment or trading it and making profit.

[Konffetka]

Some governments around the world have already banned the offering of original coins and are considering strict regulation to bring cryptothermines under the control of the global financial system. This suppression of digital currencies is largely due to the decentralized anonymity that surrounds the crypto-currency.

[Checkoi]

I do not believe that it will be used as a currency but willingly willow in the fact that it will find itself an application like digital gold

[kalidos]

The longer people doubt bitcoin can scale, and believe that scale is the thing that will hold bitcoin back, the longer we get to collect cheaper bitcoin. Obviously Bitcoin can scale with some engineering and some time.

[Salesman4coinZ]

I dont think that Bitcoin fail as cryptocurrency. As we all know Many organisations have started accepted bitcoin as means of payment and many consumers are happy paying for goods and services with bitcoin. In my opinion, bitcoin can be used for payment and can also serve as an investment. BUt because of the rising value, everybody is using it as investment

[ParadiseEdge752]

I think its true.

[AssociatesBumble579]

I don't think so.

[liennhung345323]

Bitcoin is just a cryptographic coin that can not be a fiat because every country has only one Fiat that they are using. Bitcoins are valuable but only appropriate in certain areas for exchange or investment.

[NazaConte]

It does have so much fluctuation in its price in comparison to the fiat currency. While the usage of BTC as currency is much limited because only at few place you can do payment from BTC . And its availability is also limited.