Bitcoin failed as a currency

[33caseysalt]

The price of bitcoin is not stable so its not easy for it to be a currency.

[1714976738]

1714976738

[cherryfer]

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 ?

Sir bitcoin is continuously movable every minute and trying to rise up even little chances but we don't quickly predict to bitcoin failed as currency because until now even in a low price it is a still a good price than other.

[fluctuations]

I think nothing is impossible. With extremely flexible and useful features such as bitcoin, it will also become a currency in the near future. The work we do now is to wait.

[mulyadi dedii]

one reason is that bitcoin has not been legalized in many countries (although some countries have legalized transactions with bitcoins). because the government of a country still considers that bitcion does not obey the principle of anti money laundering.
that's why bitcoin is more suitable for long-term investment or for trading.
I hope someday bitcoin will be accepted as a means of payment.

[judyphillips]

I don't think so, because bitcoin use for the online transactions and investment purpose.

[Crypto Mark]

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 ?

There has never been a new currency created by itself, so it is very difficult to imagine what will happen next. But we remain optimistic because of the demands of the international community

[Elrozaq]

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 In the future it will happen, Bitcoin as a currency. When the price of bitcoin is more stable.

[andieoke]

probably not now, but for the foreseeable future. when all countries have received Bitcoin, Bitcoin may be a currency like a regular currency, just a different shape. Currently Bitcoin is still unacceptable to some countries in the world, this is tough but Bitcoin will continue to struggle to convince them. and in addition to functioning as a currency, Bitcoin is a very promising investment tool.

[Chicryptomama]

A currency is anything termed as a convenient medium of exchange and also a storage medium of value.....Is bitcoin a currency? I will say in my opinion NO as it has not been accepted worldwide as a trustworthy stable currency and storage medium of value. However, i see it as more of a tool for speculative investment...Bitcoin as well as other cryptocurrencies still has a long journey before they actually become the mainstream alternative to present day banking payment systems

[bitzizzix]

Bitcoin is a crypto currency and is only for online transactions and investments, so in my opinion bitcoin can not be a legitimate currency in a country because every country already has its own currency.
and bitcoin can be used throughout the country and to be used as a means of buying and selling still must be exchanged with the currency of each country.

[atamat]

Of course available! But for this there must be certain conditions. I would gladly buy for bitcoin and would not pay exchange for conversion. But I do not like the price jumps.

[Larva14]

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 still believe that bitcoin has a chance to be useful currency in the market. It will take years but I am sure that bitcoin can still grow and will not be always limited as an asset in investments. Yes I agree that right now, more people see it only as investment but there are also people here that still believe that bitcoin can change our monetary system and improve our economy in the next years.

[wallstone]

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 ?

Even though many people I know in this industry are holding bitcoins, there are still people that claim they still use bitcoin as payment for transactions. I don't think bitcoin already failed as a currency just because the users tend to use it more as investment and not a payment method. I hope that in the future, this will change because I believe that cryptos will be more common.

[Peashooter]

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 this idea rose from the claims of different people where the main idea is bitcoin is not a currency because it is too unstable. But in the years to come, block chain technology has a high chance  to be used more since our society tends to depend on technological progress. This innovation is still in its maturing stage and has a room to grow and improve. Let us just wait what will happen next.

[Sir Legend]

I think it takes a long process and not instant to be able to make bitcoin as a currency, a lot of predictions that say bitcoin in 2020 will become international currency and many countries that legalize bitcoin, let's wait.

[richchard3]

The limited supply of bitcoin makes the potential used as an investment greater than the use as a currency. It has met the aspiration for settlement of goods and services which is major characteristics of currency.

[crypto3644]

with bitcoin is happening the same thing that happened with gold, gold was first used as a currency then it became an asset and I think that's why bitcoin is the new gold 2.0

[Pero20]

Bitcoin could be potentially good as a currency but i think for now it can't because the value of bitcoin is unpredictable and can always change.

[sergamin]

I'm very glad that people perceive bitcoin as an investment. It's a complete realization that bitcoin is very profitable in our time. And it will probably become the currency of the future.

[Satnam0394]

#KRT Airdrop
Telegram username:@SatnamAthwal
Twitter username:@SatnamAthwal4