Bitcoin failed as a currency

[vgk88]

I think that Bitcoin is still very young and the period of mass adoption is still ahead. Even now, some people use crypto currency to calculate between themselves.

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[dimbaba]

Bitcoin is more often used for investment or trade, because its very volatile price is certainly very profitable.Market cost is controlled by everyone and not on a brought together premise and due to this the cost is constantly unstable.

[imesh4you]

No. Definitely it will become as a currency. The bitcoin is very interesting cryptocurrency and the many of worldwide people know about the Bitcoin. It is a very valuable and very useful for the future world. There are has so many worthy things. Especially we can do the easy transactions by using BTC. However, I think the Bitcoin will become a currency very soon.

[Faraha_JJJ]

I agree with you. Bitcoin is meant to use as currency rather than a investment. It's lossing it's meaning of it's existence. But there are still people who uses it as money, I would say the number is very small.

[rochellesagabaen]

The fundamental factor that progresses toward becoming bitcoin is utilized as a venture resource and not as a cash due to unequal acknowledgment of all nations to acknowledge bitcoin as an advanced money. It would be an impediment if bitcoin is utilized as money since a few nations on the off chance that we move to a nation that does not get bitcoin then we won't have the capacity to utilize bitcoin to complete an exchange in that nation.

[bulanso12345]

We can't say this thing right now because the future are still bright with bitcoin. Yeah, for now a lot of black propaganda just to ruins bitcoin reputation but I still believe in the future of this thing, bitcoin will become a major currency in the future. This is just the beginning.

Indeed, now a very visible that bitcoin is used for investment. It can not be denied if bitcoin is more visible as an investment asset than is seen as a means of payment. This is because bitcoins are limited due to state policies that prohibit bitcoin as a means of payment so bitcoin can not function as a means of payment maximally. Bitcoin only performs its function as a means of payment in a country that gives legal status to bitcoin. In a country still banning bitcoin, bitcoin is used secretly. So in my opinion, bitcoin has not been declared a failure as a means of payment when bitcoin is still used as a means of payment

[sidodadii]

i dont know, but in my opinion bitcoin still be digital asset. maybe for some user will use bitcoin as currency (but, there are many store that accepting bitcoin as their payment. so, in some place, bitcoin still be currency for a while than be digital asset because im sure the owner keep it and sell when the price is good)

[Blackwhite69]

i dont know, but in my opinion bitcoin still be digital asset. maybe for some user will use bitcoin as currency (but, there are many store that accepting bitcoin as their payment. so, in some place, bitcoin still be currency for a while than be digital asset because im sure the owner keep it and sell when the price is good)

They say that because in their country they don't have many benefits from Bitcoin like not being able to pay shopping with Bitcoin. I still expect something big to happen in the future with Bitcoin.

[infested999]

As long as bitcoin doesn't change its volatile characteristics it will be hard to be used as a currency because the price fluctuates too much

[TelolettOm]

I agree with you. Bitcoin is meant to use as currency rather than a investment. It's lossing it's meaning of it's existence. But there are still people who uses it as money, I would say the number is very small.

Surely bitcoin is used as investment and currency, investment aims to gain profits in the future. if we don't invest bitcoin, our finances are difficult to walk. bitcoin is a digital currency that can be cashed into real currency. only countries that legalize bitcoin can use bitcoin as money and payment systems .

[Kirito-kun]

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".

Yes, Bitcoin is supposed to be a currecy but in unknown reason it became a good asset for investment. For me it doesn't matter if it will be an asset or currency the things is, it will be be useful for everyone. It doesn't matter if it failed as currency but it should be success for being an asset.

[altercreed]

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.

Even though bitcoin has failed its main purpose, it is still became the 6th most valuable currency since 2017 and that only prove that bitcoin is indeed successful in the currency side but i can't deny that i am hodling my crypto assets for a long term plan and its investment side outweighs bitcoin's vision to be the next currency of all time.

[yatogami]

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 don't think this situation will change in the nearest several years - whales won't let their profit to go away. Despite all the noise about "decentralization" and bla-bla, in reality crypto market is controlled and manipulated by a thousand of major btc holders. Anothet big transaction of 45,000 btc - and its price will again go below $6k.

[ariesjia]

I do not think so. We all know bitcoin is more than just a currency, it is a potential investment and many take the opportunity in this business. Bitcoin is still used as a "currency" but not in the way we see as fiat. Fiat are used commonly to buy almost everything in the market and function as a currency. We just need a few years to use bitcoin as a currency has become more popular and relevant than now.

[TGD]

I think that Bitcoin is still very young and the period of mass adoption is still ahead. Even now, some people use crypto currency to calculate between themselves.

and bitcoin are not yet been try as the one currency that are can be treated as an special currency that are been take for granted be as much as what others have too. It was not yet been failed as well i think that it was just slow adoption for them.

[EmmaBen]

Bitcoin was not only designed to be a currency. The currency characteristic is just one. It is also.originally intended to be a decentralised medium of transacting I.e one can convert his country's currency into bitcoins, then send it to some other, using the public key, to wherever without bottleneck bureaucracies or government interference. And definitely, bitcoin is fulfilling at least one of its main purposes which is; a hitch free and seamless means of moving cash around the globe.

[twiifm]

Yeah, sure it can change in time. No one knows what will happen in future. I don’t think that btc failed as a currency because not everyone but some people use it as currency too. For me, i think it’s better to wait and see. No need to make some predictions.

[marlo1001]

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 say that for sure for now but in the future there is so many possibilities for a bitcoin to become the exact thing that it was developed for, so the only thing that we can is to Hope.

[jfelix]

It is not the first time bitcoin fails. It was declared dead many times.

[Carol Jones1]

If you think this, then you need to read about AML BitCoin. AML BitCoin rests on a privately regulated public blockchain that facilitates AML-KYC compliance and identifies criminals associated with illicit transactions while maintaining and strengthening the privacy protections for legitimate users.