Bitcoin failed as a currency

[indog]

Very difficult for bitcoin to change function equal to fiat money due to regulation. There are several segment of bitcoin that cant be applied in real life, it's better now that bitcoin is used as an investment asset and digital transaction, all more real and provide convenience. Only legitimation is needed now for bitcoin in the future

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[Chrystora123]

many things are created by accident...it is true Bitcoin fails to be called as currency because its form does not exist and does not get permission from the world government as one type of currency,
but Bitcoin does not fail to help foster the economy and people's interest to invest, the more Bitcoin will be more successful in changing the way we transact...

[nhoj25]

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 now only seems to serve a limited set of use cases. It is not very private, it’s becoming harder to upgrade and add new features to the protocol making it resistant to new technologies and innovations. Also, transactions are generally slow and becoming expensive. Despite of this, it does not failed as a currency. In fact in our country, we can use it to buy goods and pay services like internet and Electricity bills.

It is now considered as one of digital asset.

[bakekang008]

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 ?

For me its no, because bitcoin have own strategy to know all over the world and bitcoin have own value, wvwn its ups and down. But bitcoin is still currency or virtual currency.

[DisWhale]

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 is still used as a medium of exchange in some stores and restaurants and not only a form of investment as you perceive. Bitcoin in its wake is dynamic and can be likened to many things, some experts see it as a digital gold, others see it as a valuable asset, some see it as a currency whereas others see it as an avenue for investment. In any of these forms, Bitcoin is being utilized.

[mdrakibul]

There are people using Bitcoin as currency, so it didn't fail.I think it's no problem if bitcoin only used as an Investment eventhough bitcoin is created as a crypto currency but indeed most of people use bitcoin as an investment because bitcoin is very promising for Investment.but we don't know about future, everything can be occurred in cryptocurrency. maybe cryptocurrency will stabled enough in the future to become world currency.

[shekt4]

Consider bitcoin as a store of value until mass adoption there will be high volatility

[thegreatdodoy]

It would have been great if people really know that bitcoin is supposed to be a currency. I bet 7 out of every 10 people will tell you it is an investment,this could change later if the price becomes stable but for now,it is a long shot

I think we can consider already bitcoin as currency as this is used by so many people as payment and it is also accepted  by so many establishment in different countries.

[roomboy85]

It didn't fail as a currency because we use it as a medium of exchange if we want to buy other coins. But as global currency accepted by every country, it is not yet there. But that is not the end. There are many things that can happen and Bitcoin's development is still on-going. It is a long journey for Bitcoin to become the first cryptocurrency acknowledged by all, but I am confident that it will happen one day.

[celtic99]

I think of bitcoin more as digital gold instead of a currency.  But it is the best way to transfer large amounts of money globally with no middleman.

[hardtargetbtc002018]

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 so if this can be use as currency for all in the future because what we have seen today bitcoin is usually use as form of investment  and most number of coins currently hold by so many people.

[gvnsrbtc]

Bitcoin is an online virtual currency. It has no real existence. Bitcoin's price is always variable. If Bitcoin's price was at a fixed price, it could have become a real currency. Bitcoin we can trade online.

[AleksandrSMI]

Now bitcoin is used for investment, it is uncontested, but it just needs to get in shape, time must pass, and people will use it as currency

[blue_id69]

I believe bitcoin did not fail as currency. 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. A currency is a legal tender accepted as medium of exchange but bitcoin is fulfilling that purpose of be a medium of exchange to those that  knows its uses. In the future it can be use by a whole country. So is wrong bitcoin has failed as a currency.

[Jejak]

To be said as an international currency, Bitcoin can not be used as a currency on the grounds that many countries have not been able to receive Bitcoin as a legitimate transaction tool. But in his own world, the digital world, Bitcoin has actually become a currency. In fact, today many online companies can accept payments using Bitcoin. In fact, with its popularity, Bitcoin is able to become a parent and be used as a benchmark for other digital currencies. In fiat currency, it can be said Bitcoin is equal to dollar.

[pxo.011]

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 opinion the volatility of bitcoin is the main reason why are they using it in investing not as a currency, because there is a fact that bitcoin can easily change the value in a minute.

[thevlox]

I believe that bitcoin is a profitable currency. Many have succeeded in investing here. bitcoin is going on a lot in the whole world now Yet bitcoin can not be used for daily expenses.

[Ishiro5]

Very true that we cannot really consider bitcoin as a real currency now due to its volatility. But we would definitely get to the point where it would become a major currency of reference just like the USD is today and we can see that's already fading away.

[bitllionaire]

Very true that we cannot really consider bitcoin as a real currency now due to its volatility. But we would definitely get to the point where it would become a major currency of reference just like the USD is today and we can see that's already fading away.

To me i think that it is still very early to say about that, because bitcoin is not yet as such popular throughout the world, it will take a lot of time when bitcoin will become so much popular that all over the world people start using bitcoin, bitcoin is currently use as for investment and trading purposes but later on when bitcoin will become so much popular then people will even like to use it for shopping etc.

[nvt2511]

A potential solution to Bitcoin price fluctuation is to connect Bitcoin prices to gold at a fixed rate. This requires a consensus within the Bitcoin community, as well as the need for a donor willing to create a physical gold market according to the agreed value in Bitcoin