Bitcoin failed as a currency

[asus09]

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 think not, because bitcoin goes along with evolution and development. of course the current bitcoin is getting away from its core as a currency. but bitcoin has evolved to be the most important part in the crypto industry that makes it the most valuable and phenomenally valuable asset

[Javanewstar]

More recently, bitcoin is a speculative asset.
However, in the future, I believe bitcoin will be a currency, because when the throughput of bitcoin increases, it is completely possible.

[lesya-ya]

In my opinion, Bitcoin in the future will become a significant currency for us, and not just a means of investment.

[TrevorSmith]

I don't think so. Bitcoin is not stable and is used for online transactions. Bitcoin should first become more stable to be used as currency

[JoshMart]

My take on this is, I don't believe that Bitcoin failed on being a currency because there are still some people using it as currency regardless of its volatility. It may not be as successful as it is being utilized as an asset but that doesn't mean it failed on that area. I, myself, don't use it as a currency but there are still others who do, more and more establishments are accepting Bitcoin as payment already, i think that will continue still, at least from where I came from.

[Bitcoincole]

I don't think bitcoin is failed in a form of currency, thinking is just a kind of FUD. In todays generation many stablishments have already accepting bitcoin as a mode of payments through services and including schools institutions like tuition fee and etc. So this means bitcoin is a currency.

[Jacsnuffles]

Bitcoin is a digital currency where many people especially those rich in Bitcoin people use it to buy expensive cars, properties and even as a gift for a wedding. Despite it's being decentralized, the volume of Bitcoin users increases in number. The popularity of its currency has reached the thoughts of many and it's starting to get more investors among businesses and other industries. So I can say that Bitcoin is now a currency, just decentralized, and so far, unregulated.

[Tamilson]

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 ?

with the advancement of the times and technology I think maybe bitcoin could be a currency recognized by the whole world and that investors hope in investing with bitcoin

I agree. Eventually this can happen as the world will be more open for new innovation. Bitcoin had become as an asset because of its continues increasing value because before only few just accepted bitcoin as payment but I'm pretty sure sooner it will. And if that will happen Satoshi Nakamoto will be happy to see where bitcoin bounded. And I think after all there's nothing wrong if bitcoin became an speculative asset.

[Cutieh01]

In my opinion, Bitcoin in the future will become a significant currency for us, and not just a means of investment.

As we know that Bitcoin is best investment this technological inventions Bitcoin will be driven into the mainstream by economies that are thriving. And for me its not been truly proven that Bitcoin failed as a currency.

[dbutp]

I do not agree with your point. bitcoin is growing. Many people know bitcoin, some countries have accepted bitcoin. bitcoin has many benefits. I think bitcoin will become the currency of the world.

[mrben77]

It is unlikely that bitcoin will collapse in the foreseeable future. The upcoming hardcore can well pat his nerves, but absolutely surely does not put a cross on the first and most popular currency. The most negative scenario is after the appearance of B2X, when there may be a rollback of bitcoins, but most likely, after a few weeks, bitcoin will go to storm new highs

[Chacha1000]

Bitcoin did not fail as a currency,bitcoin can never fail now or tomorrow. The red market is just for s while,bitcoin is the giant of all crypto and will forever be

[Umuoji]

I disagree with this,bitcoin can never fail

[stellaekun]

Bitcoin is currently failing as a currency chiefly because it is very volatile.A unique feature of a good currency is its stability (at least over a short period of time).Bitcoin will perform better in future with greater adoption.The price will relatively be more stable,less market manipulation plus general acceptability

[thom88]

I disagree with this,bitcoin can never fail

I partially agree with him and also with you. Bitcoin might not have failed as an idea or whatever it is, but it might be failing as a currency if in the next 2-3 years, this volatility is not stopping. it can't be that a 2k usd transfer is suddenly only 1900 usd worth. ya, this from sending a TX until receiving a TX.

I am positive, but as of now, its failing AS A CURRENCY.

[alex_gr_cc]

If bitcoin will continue to lead among other cryptocurrency, then it will always be an investment tool. As a means of payment, people will use less liquid cryptocurrencies.

[goaldigger]

Bitcoin still will not considered as failed considering the fact that it is also at the early stage of conquering the world. Even though its main purpose now is to be an investment and not a currency, it is still helpful to the people and that is a good point. Some countries promote bitcoin now, and its a good start. Wait for it.

[extrimals]

I think it's possible. More and more countries recognize bitcoin as a world currency. In the long run, you can pay for services by bitcoin. It will be great!

[lasry]

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 ?

Bitcoin isn't valid as a currency. It is not bound to be one. There are various reason why I says so.
1. Its unstability wont make it last.
2. Everytime the network is saturated, it gets slower.
3. Sooner or later, with the technology rapidly rising, people might be able to develop a hack

[redhorsebeer1980]

Bitcoin still a currencies we can use it to pay something that we want.The seller must accept bitcoin as their payment for the reason that bitcoin is for investing.Bitcoin is more commonly used for investment or trade because its highly volatile price is certainly very profitable.Technological advances will enable bitcoin to be used as a currency in the future.