Bitcoin failed as a currency

[judemarco1996]

Well everything is possible to happen in bitcoin as a currency, to be widely accepted in the market in the future. Since bitcoin is a special form of currency and as an investment this result to its limitation to fully circulate as a currencies because it does not have a physical form and undetermined face value because of its volatility.  

[MahalQu2612]

I think its just fine if people see Bitcoin as a investment, its just part of it and they're just making the best out of Bitcoin. For your concern, if Bitcoin stabilizes in the future and became suitable as currency, then people would start using Bitcoin as currency. Its just at the current moment people are just making the best out of the both worlds, Bitcoin as currency and Bitcoin as investment.

[ParveZ219]

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 ?

Yes it is a currency but besides it works as assets....Its just like imagine coins made of gold... which can be asset as well as currency.

[Red Fish]

With time Bitcoin will be crypto currency, because banks will start to use it, for example in buy and sale daily trade. Plus there are growing market of altcoins, which also affect Bitcoin and make it more stable. Shortly Bitcoin will be stable crypto currency till 2025 !!! 

[ngusmin]

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 now bitcoin is used more as an investment than as a currency, but in the future bitcoin will be more popular all over the world so many stores are receiving bitcoin, so bitcoin will be the currency that many use to transact.

[Marnihughes82]

I think the long-term nature of bitcoin is still a kind of asset to invest. To become a currency is another type of electronic currency with faster and cheaper deals

[pasti kaya]

bitcoin does not fail as currency, maybe for me, bitcoin only survive in cryptocurrency and will not interfere with state affairs that depend on physical money. bitcoin like now is enough.

[tanginamoo]

On the contrary of the statement, I think that the bitcoin do not failed as a currency. Maybe there are some flaws tagt need to be considered but as for the record there are some coubtries that make the bitcoin as an official currency.

[Koalamite]

Bitcoin price is down for now but that not mean bitcoin is a failed cryptocurrency because many people who invest in bitcoin already earn profit we just need to be patient and don't worry because bitcoin will recover and rise again

[MudahDanHemat]

I strongly agree that bitcoin fails as a currency, but it is more perfect as an asset and a commodity like gold. In the long run I'm sure bitcoin will turn out perfect as a currency.

[ardibimbim]

Not so in my opinion, there are still many possibilities along with bitcoin development, because it takes a long time and process to make it happen.Pastinya, A number of other digital currencies will one time replace the position of paper money as a medium of exchange. The reason, this currency can fix problems that exist in paper currency, and indeed in history, the same thing always happens in the new currency that replaces the old currency.

[Zahrowil Qolbi]

I think bitcoin does not fail because bitcoin is used for online transactions even though bitcoin prices are unstable, but if bitcoin becomes stable there may be a chance that bitcoin will become currency, but for now, there is no possibility that bitcoin will be used as currency. this is only for payment.

[jamisky]

To say bitcoin as failed as a currency is too early to conclude because once the market becomes stable onec  more and many more countries recognize bitcoin as a means of transaction then it can be effective as money in the financial market.

[Maveric99]

I think bitcoin is used for online transactions and bitcoin prices are unstable, but if bitcoin becomes stable it may be possible that bitcoin will be the currency, but currently bitcoin can not be currency due to the inaccessibility or absence of assets to guarantee it from undesirable risk.

[Friskaadew]

I think bitcoin is not too far away or out of its original function as a digital currency. Because if we remember gold, once gold is used only as jewelry, but now gold is used as a valuable asset by many people. We can say bitcoin as gold, because the development of bitcoin is so valuable and can be used as an asset.

[King money]

The first function of a currency is to serve as a stable medium of exchange, a store of value and a unit of account which Bitcoin does not posses as of the moment, that's why its more of a speculative asses since its value is volatile. Maybe in the long run if the government permits and legalize cryptocurrency and meet its requirements, then it could be a new currency.

I think It may be the foundation of how we transact in the future - and that's probably the ideal situation. But for now, we can not accept the idealistic scenario.
While you may be right, I consider bitcoin as the gateway to this digital revolution in which people will use the platform in the future.

[Inikoo]

I do not think it will become a real, everyday life currency, probably some other, more scalable cryptocurrency could be better for that purpose.

[Menawikitajodohkok]

although it fails as a currency for the world. but the latest news is that Germany has accepted and declared that bitcoin is a legitimate currency to be used as a tool for transactions such as banknotes .

[Leyss]

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 can only say that if bitcoin continues to be used as a means of accumulating value, that is, people will buy it and store it in the hope that it will rise in price and they will have a profit, and not use it for its intended purpose as a means of payment, then None of this will work. Bitcoin as a result can almost completely depreciate.

[soplo]

for now bitcoin is not yet a big currency, but bitcoin already exists as a transaction tool, in some countries also have used bitcoin for payment in some online stores or supermarkets, for now bitcoin is only used as infestation only, I am sure if bitcoin has been received or managed by the state government and used as currency, then bitcoin will also be able to advance the country.