Bitcoin failed as a currency

[crypto warrior09]

No one can't say that right now. Bitcoin have a bright future. It's just start of bitcoin.

[Jerzzz]

bitcoin turns into an investment place because it has no rules and standard price. so everyone who has bitcoin can set their own price. in contrast to fiat currencies that have been regulated by the government. I think bitcoin can turn into another. but it remains a digital asset. which has a high price.

[irinarin]

Now there is enough propaganda and this destroys the reputation of bitcoin. I agree. But bitcoin's popularity does not fall. I think that our future is bitcoin and virtual currency, because it is now actual despite on all problems

[dupee419]

It can possibly change in the next few years or might even take 5 to 10 years, I really can't make exact predictions about but I am sure that soon enough Bitcoin would definitely be a currency that'll be used and fiat would be no more, bitcoin's potential is bright, I am expecting it to be the currency if things go out well in the future.

[Jamjamz30]

Bitcoin is always been used as a currency its just people are more focused on using it as an investment. Maybe in sometime if Bitcoin stopped fluctuating and become stable. More people would start using Bitcoin as a currency especially if transactions would be much more easier and fees would be much more lower.

[kidoseagle0312]

I think its just more people are into using it as a form of investment because they see the potential but people are also using Bitcoin as currency but not as prominent as its being used as a investment. Bitcoin is just doing fine just the it is. Maybe if Bitcoin became not so volatile and avoid its huge spikes and drop, Bitcoin can be used as a currency more frequently.

[bstewart]

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 ?

It will change as more people enter the market and bitcoin scales properly with faster transactions and lower fees. Only then will it become a useable currency and not just a speculative asset.

[daarul50]

I think its just more people are into using it as a form of investment because they see the potential but people are also using Bitcoin as currency but not as prominent as its being used as a investment. Bitcoin is just doing fine just the it is. Maybe if Bitcoin became not so volatile and avoid its huge spikes and drop, Bitcoin can be used as a currency more frequently.

The limited supply of bitcoin makes the potential used as an investment greater than the use as a currency. A price that keeps moving every time makes bitcoin very vulnerable if used as currency for daily transactions. However, if the bitcoin price can be stable maybe bitcoin used as currency will be the main choice for the community due to the speed and convenience of transaction services provided by bitcoin in the system.

[topkhai]

bitcoin turns into an investment place because it has no rules and standard price. so everyone who has bitcoin can set their own price. in contrast to fiat currencies that have been regulated by the government. I think bitcoin can turn into another. but it remains a digital asset. which has a high price.

Maybe that is the main purpose of bitcoin, as investment asset and digital transaction, nothing has changed on bitcoin (function). And to replace fiat, bitcoin will not be possible, because each country already has a legal provision of "fiat". Bitcoin changes only as a factor supporting the development of fiat for better systems

[sunita01]

Bitcoin has been successful in the form of currency, its fame has led it to the number one position, so that Bitcoin is getting fame all over the world.

[laryillary]

The most likely outcome is that some people consider a decline in the capitalization of the most popular crypto currency to 15-20% of the entire market and a slight fall in price or a fixation at the current cost level. The first place in the ranking will be taken by another, more sophisticated crypto currency

[semutracing]

In my opinion Bitcoin did not disappoint us to provide good service. Bitcoin is not a failed currency because we've seen its success, if bitcoin really fails, then we should not see it becoming popular. It depends on how you define gaga in terms of value, if it happens then it is not a failure due to price drop or price fluctuations being specific is just normal and always happens in the crypto world

[ScroodjMoney]

I believe that one day bitcoin users will beat all payment systems like paypal, neteller, and so forth. Of course all countries will legalize bitcoin so bitcoin becomes the international crypto currency.

[contrau]

This could happen

[almersyn]

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 long-term investment for its holders. With bitcoin people gain a doubled advantage in terms of matter. Strategies in trading should also be appropriate

[jpaul]

i THINK its too early to say that Bitcoin has failed as a currency, The cryptocurrency ideology is just taking shape in most countries, and they have not had a proper chance to properly establish themselves as a currency. Most people still don't know much about them  and those who do approach with lots of caution. THE GOVERNMENT AND THE CENTRAL GOVERNING INSTITUTIONS, have also not been fair to the crypto especially Bitcoins. we cannot therefore claim that it has failed yet it ha not been grated a fair ground to develop.

[mix max]

I think bitcoin has not failed, because bitcoin has not started yet and has not qualified as a currency. But I think, in the long run all can change because bitcoin has the potential as a currency.

[bart_to_bart]

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 ?

To answer this question right now, look at how the top 100 purses of bitcoin behave. What do you see? They are bought, and bought. I want to tell you more: a little of them, even the price is not important. I read one article, which analyzed the purchase of bitcoin all the time. And do you know what happened? Some whales buy at the peak of popularity! If you do not believe, then you can read here.
http://prosphero.io/top-100-bitcoin-wallets-main-characteristics-and-owners-trading-behavior/

[pat4cryptoreal]

Bitcoin has not failed as a  currency, I know what you expect. You want to start shopping in every part of the world with bitcoin and also pay for services. All those things you are expecting are coming soon.

[dgross0818]

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