PsylockReborn
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April 24, 2018, 02:19:46 AM |
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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 disagree with you since I myself is using bitcoin as mode of payment when purchasing online, buying game credits in steam, paying my bills and even paying my insurance. It is somehow used as a store of value right now just like gold but bitcoin didn't totally fail when it comes to currency. There are still lots of individuals that are using bitcoin not just only for investment purposes or trading but as well as a mode of payment. With the lightning network and much lesser fees compared to last year, I think there is an improvement when it comes to bitcoin as a currency but if and only if the time comes that bitcoins supply limit will be reached and the demand to acquire bitcoin increases then I do believe bitcoin at this very moment in time will never be used as a currency but just an investment vehicle or a store of value because I'm pretty sure the value of bitcoin will skyrocket. |
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emanjun
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WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
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April 24, 2018, 02:29:26 AM |
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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 dont think so that bitcoin will change in the long term because bitcoin is made to become a currency and it will always be. Many people used it as a form of investment, trading center, form of payment and especially it is also serves as another source of income for those people who already had a job. And I think that is the used of crypto currency. |
﹏﹏﹋﹌﹌ WPP ENERGY ﹌﹌﹋﹏﹏ ☆═══━┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈━═══☆ ≈ WORLD POWER PRODUCTION ≈ █ █ █ |
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metenjean
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April 24, 2018, 07:14:33 AM |
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As long as the price fluctuation for bitcoin still hectic and the volume is still high then i don't think this could be change in the long term, its because people trying to gain profits from bitcoin investment and as long as people treat them as investment rather than using it for transactions purpose then i guess there is no cure for this. However this could change if the price of bitcoin become more stable like USDT then i think it could be used as currency.  |
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dodz031718
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April 24, 2018, 09:54:53 AM |
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Some governments around the world have already banned initial coin offerings and are looking at strict regulation to bring cryptocurrencies under the control of the global financial system.This crackdown on the digital currencies is largely due to the decentralised anonymity that surrounds cryptocurrency.
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jchav010101
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April 24, 2018, 09:58:19 AM |
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Several governments around the world have already banned initial coin offerings and are looking at strict regulation to bring cryptocurrencies under the control of the global financial system.This crackdown on the digital currencies is largely due to the decentralised anonymity that surrounds cryptocurrency.
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Xxmodded
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Seabet.io | Crypto-Casino
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April 24, 2018, 10:03:11 AM |
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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 ?
No, bitcoin does not fail to become a currency. but the revolution that causes bitcoin doniman to be an investment because part of the asset. we know, everyone prefers the advantage rather than to be a currency. and this will happen continuously as long as bitcoin has a high value |
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Kersh768
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Freshdice.com
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April 24, 2018, 10:05:51 AM |
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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 also have the same thoughts. Unfortunately, as a currency (a stand alone currency), bitcoin has not fulfilled its function. As a form of asset, many people are into bitcoin because of this attribute. I found nothing wring with this, because bitcoin is still bitcoin and it is up to the users on how will they look on to it. It also has its own purpose depending on the people. |
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Xester
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April 24, 2018, 10:08:57 AM |
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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 the long term bitcoin can possibly function as a currency. It is really hard for bitcoin to be called fully a currency due to many obstacles and non-acceptance of the public. Though we are already seeing some merchants and e-commerce business that are going to accept bitcoin but the road is still a long way to go. Possibly in 5 to 10 years bitcoin could already be a fully functional currency. |
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cyptosunny
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April 24, 2018, 10:09:40 AM |
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Untill some point you are right that bitcoin doesnt verify all the properties of being a currency as it has no any stable price and for most of the investors it has become a source of investment just . Well if whole world would recognize it as a currency and when bitcoin will be acceptable everywhere than no doubt its stability will be maintained so we can hope to see bitcoin as the future currency because of its secure transactions and no doubt fast
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anisuzzaman99apu
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April 24, 2018, 10:15:58 AM |
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No. Bitcoin is not failed as a currency. It is future currency in the world. in future bitcoin will be most popular currency in the world.
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ralle14
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Metawin.com
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April 24, 2018, 10:37:32 AM |
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It's still early to say Bitcoin failed in terms of being a currency I know fees can be a problem but there's solution to that just give it more time. Not everyone uses Bitcoin as a currency because there's not a lot of merchants that accepts Bitcoin. I sometimes use Bitcoin as a currency but I want to save as much as possible instead of spending it because I don't want to miss the opportunity to profit.
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wer9d25gqj
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April 24, 2018, 10:40:30 AM |
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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 ?
Its all about the progress, people are making more and more coins. For what exactly? if they just use it as an standard web currency for services, transactions, online payments then it could be seen as a currency not an asset for investment. The number of investors are greater than the number of people using it. |
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Minionnn
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April 24, 2018, 10:43:49 AM |
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It is not accurate to confirm this when the future of bitcoin is very good. More and more people know Bitcoin and invest in it. Moreover, some countries have accepted bitcoin and it is considered as their currency.
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virendarnagpal
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April 24, 2018, 10:57:44 AM |
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Motive behind the creation may have been to create digital currency without barriers or boundaries. Though people used and are using it as source of transactions. But when people started creating stocks of bitcoin and using it as investment instrument it took new form. Now it is currency as well as investment. Role of speculators made it investment instead of currency.
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Morgann
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April 24, 2018, 11:09:06 AM |
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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 will always be good investment what ever will happen to our world because it is very good coin but that speculation is not so accurate but the chance is very high. but some countries accept bitcoin already and consider as their currency or payment method. |
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santino11
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April 24, 2018, 11:18:56 AM |
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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 a currency, it was last month of 2017 where a big number of people try to use it daily, this coin was not ready for that mass adoption that is why we failed to maintain the price. but this year we have enough and ready to go. |
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fargoway
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April 24, 2018, 11:33:41 AM |
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Although it is not widely used in a lot of countries - you cannot tell it has failed as a currency. People are hardly overgoing changes, especially when they are related to money. Just give it some time and you will see the revolution in the finance world.
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gobingo
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April 24, 2018, 11:37:22 AM |
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It is true that bitcoin is more in investment than its role as a currency, but I am sure that one day it will really be a transaction tool like fiat money.
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hawkins
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April 24, 2018, 11:38:03 AM |
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Well, for most people, bitcoin does look like a promising investment. but, I think bitcoin does not fail to be a currency. there are still a lot of people who use bitcoin as currency, or transaction tool. moreover there are so many advantages that bitcoin has in it.
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Betheng10
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dApps Development Automation Platform
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April 24, 2018, 12:48:50 PM |
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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 ?
sad reality is that it is. Some people see bitcoin as investment product rather than service. A lot of companies have opened for bitcoin but users have not used it for its main purpose. |
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