Bitcoin failed as a currency

[Dayan1]

I think bitcoin can not replace fiat money because bitcoin is a digital asset dedicated to digital investment and has other reasons in every country. And if people are more confident in bitcoin than fiat money there will be inflation

I do not think replacing fiat money by bitcoin can cause inflation,  although it is not possible to happen but still if ot happens the only effect will be lesser ise of money.  Inflation is cause by many things,  one is because of money supply,  if people will not use money as a form of payment, it will not change it's money supply because investment and fiat money is different,  aside from that it will be controlled by government to decrease it's supply if there is no people who uses it.

[coincruncher1982]

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 still used as a currency for stuff like buying domains, hosting, VPS, and gambling. Once it becomes less volatile, it'll have more use cases.

[josephpogi]

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's not that Bitcoin failed as a currency, it's more that bitcoin is a huge success as an asset. To make it as a successful currency takes time and bitcoin only exists just a few years now. Once transactions get faster and free, it will be used as a currency much more than it is now.

[TheClownSong]

I am believe that many central banks wont bitcoin become currency. If bitcoin to be currency, central bank can not print money like they want and I am believe inflation hard to increase.
But many obstable to make bitcoin as currency, like bitcoin using decentralized system and every country have different economic growth. Like twitter ceo said that bitcoin can be single currency in internet

[Fujiati]

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 ?

at this time bitcoin has not been fully used for the means of payment. now there are still many countries that have not received bitcoin as a legal means of payment. bitcoin can be used as a means of payment in a country that already receives bitcoin, so I think bitcoin is not currently a means of payment that we can use in all countries.

[Sachinthani]

The most important feature of a currency is that it be a stable store of value. It is vital for a developing country economy to attract the investment it needs. Even in developed countries, as John Tamny explained here on ,
 http://www.forbesindia.com/article/column/steve-forbes-elephant-in-the-roommoney/40573/1
           ,a stable currency value is the key to investment because those who invest are expecting a stream of future earnings to earn back their investment plus some profit. Instability in currency values mean that an investor cannot accurately predict the value of those future earnings. I think this has become a minus point that some investors hesitate to do their investments in these currencies.

[Gen-8]

It is too early for us to say that Bitcoin has failed as a substitute for fiat currency. Currently there are some countries that have used Bitcoin as their currency to make some payment transactions, take a long time to make Bitcoin better work procedures for the future, so it can be accepted as a replacement for legitimate fiat currency in the world, as well as its investment .

[djmixen]

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 ?

Well, i think this is not change easily or become failed because as what you said that bitcoin is successful in terms of investment and aside from that as a users of bitcoin, it is more useful now and many users want the changes on it because almost all are advantages.

[ajuelnah akun]

Bitcoin is still too early to call failure, but it will be difficult to make bitcoin as global currency if bitcoin values are still unstable.
The panic of a novice investor who is always interested in them and whales always tries to pump when falling bitcoin values are the cause of unstable bitcoin prices, and more miners are making the number of coins on the market out of control, while the number of bitcoin buyers is still small.

[Kita Kita]

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 me it still has chance that bitcoin can used as a currency in the future, but i am sure that it will take for more than 20 years until the bitcoin can be used as a currency in all countries in this world.

[Choy13]

I don't think so, because there are people still using a bitcoin as currency. But it depends on the people on how they use bitcoin if it is investment or currency. Bitcoin currency is used for online transaction and the price of bitcoin is not stable so when the time comes and bitcoin price is gonna be stable it might be possible that many users will do bitcoin currency rather than investments.

[goodfortune2018]

I don't think so, because there are people still using a bitcoin as currency. But it depends on the people on how they use bitcoin if it is investment or currency. Bitcoin currency is used for online transaction and the price of bitcoin is not stable so when the time comes and bitcoin price is gonna be stable it might be possible that many users will do bitcoin currency rather than investments.

actually bitcoin is already a currency but in terms of digital, and aside from being a currency it is also known as an investment because it is connected to crypto market.

[JiuMiBe]

A potential solution to Bitcoin price fluctuation is to connect Bitcoin prices to gold at a fixed rate. This requires a consensus within the Bitcoin community, as well as the need for a donor willing to create a physical gold market according to the agreed value in Bitcoin.

[NNMT]

I can not predict the future of bitcoin, because its present value goes down so fast. If bitcoin is the common currency of the world then it is quite good news, otherwise no matter, bitcoin can be like gold as well.

[ZAYANDI]

There are some people who use Bitcoin as currency, so it does not fail. But that's not the rule and everyone can use Bitcoin because it better suits their needs. I think not because 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.

[JiuMiBe]

Traditional money is circulated under the auspices of the government. Therefore, we have to accept it and pay taxes when using it. With Bitcoin, though nearly 5 years old and not yet widely available, many large retailers have begun accepting Bitcoin payments. Apart from gold and some other assets and commodities, many professional and institutional investors have started adding Bitcoin to their portfolio.

[mkcube]

I think not because bitcoin is used for online transactions and bitcoin prices are unstable but if bitcoin becaimes stable it may be pissibke that butcoin will be the currency. Besides from these gold and other assets there are also investors who are adding bitcoin in thier portfolio.

[malbano2099]

Bitcoin is still too soon to call disappointment, yet it will be hard to make bitcoin as worldwide money if bitcoin values are as yet temperamental.

The frenzy of an amateur speculator who is constantly intrigued by them and whales dependably tries to pump while falling bitcoin esteems are the reason for shaky bitcoin costs, and more mineworkers are influencing the quantity of coins available to crazy, while the quantity of bitcoin purchasers is still little.

[xaker74]

Maybe in the distant future when volatility decreases, it will definitely become a means of payment, and not be speculation investment.

[thevlox]

Bitcoin online is a good opportunity for trading. We all know that the price of bitcoin is not stable. It's changing every moment. And on the other hand, bitcoin has no currency and no good time.

 Yet bitcoin is being famous as the bitcoin currency we can see.