Bitcoin failed as a currency

[Delinquency]

I think it's too early to say bitcoin is worthless as a currency. It has no long history in this economic universe. If you're smart you have to be patient and wait what's going on.

[1714831186]

1714831186

[cryptogideon19]

I think it's a part of currency right now. What would you call to it if it's not a currency? A PUZZLE BUBBLE? For me I think it's already Currency for my own. You can buy a lot from it and you can exchange for other Currency so how suppose you want to call from it right now?

[Darkmoon85]

Bitcoin is the best project to earn money. Therefore bitcoin is both investment and currency, in next few years we will have lightening network which will make bitcoin ultimate payment gateway. Bitcoin may be failing now as a currency, but in a few years it should be more public-friendly.It is still accepted worldwide as a payment system by thousands of merchants.

[BitTheLight]

in fact, it is difficult to say, and maybe created this currency, but at the moment it is used as an online transit, someone holds money in this currency, and someone does not. everyone has their own opinion and reflection

[alyssa85]

Bitcoin did not fail, it just an early adoption going on, give it 5 years more, so when more company and store will accept this bitcoin currency, people will feel comfortable and use it. Then it will become worldwide currency, bitcoin need time.

The problem is not time, but high transaction fees. Bitcoin already used to be accepted in the past in much more places than it is today. What happened? High transaction fees happened.

This. We've gone backwards since december. Retailers seem to have given up on accepting bitcoin for commerce, and all focus seems to be on bitcoin as a financial asset instead (see all the chatter about ETFs etc).

[RokokGudangGaram]

I think it's too early to say bitcoin is worthless as a currency. It has no long history in this economic universe. If you're smart you have to be patient and wait what's going on.

As far as I know bitcoin is a digital currency that cannot replace paper currency, so bitcoin can be said to be a promising investment and trading asset

[equal2detask123]

I will say bitcoin remains as currency because it is used for online transactions and long-term investments which are progress made, although bitcoin prices are unstable. I think the bitcoin reputation will be more advanced in the future and I call it an asset.

[Babyrica0226]

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 ?

In my understanding now about in bitcoin was that it is being used by the users so far as sending money through different remittances in different countries. Then, we can also have a savings in the near future if we hold it in a long terms, aside from that bitcoin was commonly used for online payment transaction it can be use to as your business too.

[treatWy]

Bitcoin is still being used as currency because you can pay in millions of merchants with bitcoin and its still dominant whole cryptocurrency space.

Therefore bitcoin is both investment and currency, in next few years we will have lightening network which will make bitcoin ultimate payment gateway.

Bitcoin might keep on holding speculative value in future too but volatility might get lower down with increasing marketcap.

I agree! Bitcoin is now a currency in other parts of the world even though it is not yet officially but it is a first step to let some improvements will happen next to its successful first stage of trying and error.

[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 as we can see nobody is accepting Bitcoins as a currency.They are accepting it as a thing which can be traded and made some profit.. Everyone forgot that its a currency and nothing else.. Though its price varies time to time.