Bitcoin failed as a currency

[Mekmbem]

I feel bitcoin is the most perfect and successful currency, bitcoin is only the digital currency but has real value and higher value with all real currency

[Bitcoin_Delivery]

I feel bitcoin is the most perfect and successful currency, bitcoin is only the digital currency but has real value and higher value with all real currency

less suitable if bitcoin into a currency. the nature of bitcoin today that requires a lot of fees to be able to transfer and as well as to send funds takes a long time. not as it used to be that easy and fast

[Refozzblaze]

I prefer if bitcoin as digital asset than currency
I do not think there is a problem if bitcoin not as currency will not be popular if bitcoin as a digital asset only

[PinkFox]

I think it is too strict to say it has failed. I believe it has not matured yet, but in the future it may still become a currency. Or perhaps not bitcoin, but some altcoin that has more currency oriented "profile".

[krishnaverma]

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 ?

This will have to change if bitcoin has to survive in the long term. It was designed to be a payment system only but everything changed as people started to make money by investing in them. This has made prices volatile making it ineffective as payment medium. So the greed has to end if we want to see it competing with options like PayPal.

[Hackarit]

I think no because bitcoin is used for online transaction and the price of bitcoin is not stable, but if bitcoin become stable maybe it might be possible that bitcoin will become currency, but for now, there's no chance that bitcoin will be used as currency.

The other reason every country have their own currency so where do you think the country of bitcoin?

Bitcoin is decentralized and we couldn't just credit it to China or other countries as their currency.

I also agree with your opinion that bitcoin for now is only in use for online transactions not as real currency. but bitcoin has its own disadvantage: its price is changing every time and this is one of the reasons that bitcoin can not be used as a real currency for now but if bitcoin prices stabilize maybe bitcoin can beat the original currency.

[bitfocus]

in the USA, USD is just a medium on changes or Currency and stocks GOLD as the reserve, but other countries stock their reserve in both GOLD and USD - so USD becomes an asset there but not currency. so, Bitcoin can go both ways, too. The issue is, Bitcoin acceptance everywhere will take time, we need 3rd party payment gateways so that we can process any payment in Bitcoin and go borderless - just wait a few years, this is already happening.

[vandako]

That is actually a big problem in my opinion that everyone is ignoring because of returns it is giving. The primary focus of its use should be as a payment medium only.

[daarul50]

The main factor that becomes bitcoin is used as an investment asset and not as a currency because of unequal recognition of all countries to accept bitcoin as a digital currency. It would be an obstacle if bitcoin is used as currency because some countries if we move to a country that does not receive bitcoin then we will not be able to use bitcoin to do a transaction in that country.

[samoilov]

Bitcoin is benign used for a number of online transactions and a number of new merchants have also started to accept it. Give it some time and you will see it dominating over other options like PayPal.

[Roman Coinson]

Bitcoin will be the currency when bitcoin will have a stable price and there won't be such crazy price jumps

[Ayiranorea]

Bitcoin hasn't failed as a currency, the usage is found low compared to the traditional currency. Bitcoin usage as a currency could have reached a much higher level of usage, if it has got a physical appearance. As future is dependent upon the digital environment, surely bitcoin usage as a currency for daily needs will increase.

[@Hakermania@]

The btc is more an asset than a currency because it has many drawbacks, first of all the high value. Imagine taking a coffee and paying in btc. The price would be a very small decimal. Then it is too variable to be used effectively as a currency.

[Froy]

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 ?

Perhaps so few people use cryptocurrency as they are accustomed to cash and are not yet ready to accept something new, but over time it will change and you can not get rid of it.

[Giftedcrypt]

Bitcoin failed as a currency? It's not possible, people are now exchanging bitcoin for fiat easily,countries are adopting bitcoin as a currency and a means of exchange..sooner than we think bitcoin will be like pounds and dollars when it comes to using..

[satecream]

yeah it can be, bitcoin can reduce it poppularity because it has been change in it ecosystem not as an currency but for an asset i think that kind of a trouble to in the future right now if this can still happen

[Pujangga]

We have to wait because everything needs process, I'm sure that someday bitcoin usage will beat all payment system such as paypal, web money and so on, and of course all countries immediately legalize bitcoin so as to make bitcoin into international currency.

[icaica22]

Volatility in Bitcoin is something of concern for something that is meant to be a store of value. However, the simple fact is that it was bought for speculation, and not as a store of value or a medium of exchange. The number of speculators dwarfs the number of people who buy Bitcoin for some practical use. Speculation is suitable for fast buying and selling moves, while people who really use currency depend on it. Bitcoin is a direct investment that is easily converted as currency and (Private online & secure >>> limited <<<)
How dare to speak like a banker?
and in these days everyone flees the banks even the best wall traders come to crypto
We must unite bicouse, the great wall will come and we have to make (union investment) to have more chances against big players
United we are stronger and the sky is the limit

[qiwoman2]

Bitcoin hasn't failed as a currency, not yet as many people use Bitcoin now even to buy houses. I saw whole blocks of apartments being sold in Dubai for Bitcoin. So in some places it will become very popular. Just mass adoption has taken a while that's all to happen but that might happen with universal wallets like Ethos and more countries regulating it so it can be taxable. Remember also that Bitcoin is a technology and not just a monetary unit that many people want t to be, it has far more value than paper money.

[vonnyaries]

i think bitcoin still a currencies we can use it to pay something that we want and of course the seller must accept bitcoin as their payment, for the reason that bitcoin is for investing, maybe you don't know but in small country with unstable economics the citizen is use USD to investing, which is if their local currencies is not stable they still has a USD that has a stable currencies, so what is the USD? is this a investing media or the currencies? i thin its depend on the holder of bitcoin