Bitcoin failed as a currency

[Timere]

If people knew how to actually arranged the banking system they would it hated. Crypt this is the most fair education values

[ribowo76]

With the current transaction speed, as well as high transaction costs. It's hard to bitcoin into a currency, so most people tend to make it as a means of investment. But hopefully in the future, that obstacle can be overcome by the developers

[Antonina]

Until now, this bitkoyn as an investment direction in the long term, as well as short-term trading, and if later many places where stores already serve Bikkoy transactions, I think that bitkoyn can really be a good and worthy currency.

[diedvw96]

For bitcoin to become a real currency it has to become more mainstream then it already is. In my country in almost every online shop its a payment option but it doesn't get used to often.

And if only people think about investing in it but not spending it, bitcoin will never become a real currency

[Grace037]

We can't say this thing right now because the future are still bright with bitcoin. Yeah, for now a lot of black propaganda just to ruins bitcoin reputation but I still believe in the future of this thing, bitcoin will become a major currency in the future. This is just the beginning.

True bitcoin will never fail after all the long run since it is developed until this years well i think it will never be failed.,bitcoin is the best cryptocurrencies and the loudest of all.

[perla]

With the current transaction speed, as well as high transaction costs. It's hard to bitcoin into a currency, so most people tend to make it as a means of investment. But hopefully in the future, that obstacle can be overcome by the developers

that is the main problem why bitcoin not good to use as currency, even in future transaction cost will not change and it will keep high like now, but now people already know if bitcoin can be used as investment

[vnnbot]

I think that bitcoin will be used as a means of accumulating valuables, it is not in vain compared to gold! Nobody has paid gold for a long time, but it measures the value!

[MrBlack001]

In it's current state (pow) Bitcoin can't be used as a (massively adopted) currency.

Don't think its a bad thing that Bitcoin is considered an investment (with some characteristics similar to gold).

In the end investors who are building up an portfolio will add all sorts of different assets to spread risks (ie. real estate, shares, bonds, commodities (silver, gold) and in that list in my opinion there will be room for bitcoin in the future.

[SistaFista]

Most people think that bitcoin was only made to be a form of investment, and that is not true at all.
I do not understand why most people think that bitcoin has failed if the price goes down, or vice-versa.

[Pan Troglodytes]

Most people think that bitcoin was only made to be a form of investment, and that is not true at all.
I do not understand why most people think that bitcoin has failed if the price goes down, or vice-versa.

I don't think that bitcoin failed when the price goes down. It is more or less normal and I expect it to happen many times over..

But I am inclined to be worried if bitcoin fails as currency, meaning that fees are insanely high and confirmation times are in weeks, because that means (in my book) that bitcoin will soon fail as a form of investment too.

[retnoanjani]

With the current transaction speed, as well as high transaction costs. It's hard to bitcoin into a currency, so most people tend to make it as a means of investment. But hopefully in the future, that obstacle can be overcome by the developers

that is the main problem why bitcoin not good to use as currency, even in future transaction cost will not change and it will keep high like now, but now people already know if bitcoin can be used as investment

In addition, if using bitcoin as a means of payment I still less effective, let alone uneven development, if there is disruption of the internet then the transaction can be delayed. As easy as anything, I think using fiat is still very effective today. So suppose later bitcoin is effective as currency, all constraints can be overcome, I just seem to be using it as an investment.

[Pan Troglodytes]

Very recently we had a pizza day - a commemoration of an event, that  a guy bought two pizzas for a few million dollars, now. I always wonder what he really thinks about the deal (I know he speaks publicly on it, but well, I wonder what he really thinks ) - because it was the very first time that bitcoin was used as a currency.

But of course, there is really no difference in terms of profitability between buying some items when bitcoins costs x and exchangin bitcoin for x dollars in an exchange. And there were a lot of people who sold their bitcoins cheap.

So maybe the pizza guy is happy that he made it into history quite cheap

[miyong]

Bitcoin is a good coin and it is a useful currency. I believe that bitcoin will become more popular and it means that bitcoin is not a failure currency.

[deonyx]

It is completely out of place to use the word 'fail' to describe the situation of Bitcoin as whether it is a currency or not because there was no stated time that was specified for it to have acted differently and then seeing that it has been undergoing different stages of upgrade and development aiming at improving the operation of its network. Pending till when the TPS is improved and also with a much reduced transaction fees it won't be easy adopting it as a general currency.

[asabed256]

So far I've seen people praising bitcoin for it's investment prowess. For bitcoin to be a true currency I believe most of the Pioneers who believe in bitcoin could begin to accept it as means for payment of goods and services they offer. When this is successful more investors will begin to join and companies will love to accept bitcoin as a means of payment.

[DavidLuziz]

I think that bitcoin will be used as a means of accumulating valuables, it is not in vain compared to gold! Nobody has paid gold for a long time, but it measures the value!

[adheesha]

I think the main reason for this is that the value of bitcoin is always fluctuating. It is not stable. If it would manage to get stabilized in future, we will be able to use more in transactions just like other money. Then it will be accepted as a currency.  

[pilnenkii]

The world economy will not suffer, on the contrary, if the world will give goods to the crypto currency, the world economy will go up.

[pilnenkii]

Bitcoin did not fail bad luck. In my personal opinion, bitcoin is now just starting the way up!

[kimjoo11]

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] unsuitable as a currency, because people are far more likely to hold it in anticipation of it appreciating in price." -- Kain Warwick

I'm pretty Satoshi will be dismayed.