Bitcoin failed as a currency

[Nakakapagpabagabag]

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.

It was just stated that bitcoin failed as a currency, not a failure as a crypo. It was just that bitcoin is best used for investments than to be a currency because of its volatility, the rapidly changing of its value and unpredictable if its going higher or lower, and i think that is normal. Its volatility is the advantage and disadvantage, we just need to be patiently wait for its increase, to get high profit.

[RawDog]

It was just stated that bitcoin failed as a currency, not a failure as a crypo.

it was supposed to be 'cryptocurrency'.  It has pretty much failed as both.  Without the currency part, the rest will soon have very little value.  Good news is, the original bitcoin was preserved by Roger Ver and is running great!!!   Bitcoin lives on!!!  Bitcoin Cash is the real Bitcoin anyway.

[khelan]

Bitcoin is failed as currency as many people only keep it or treat as a asset rather than currency.

[aryadiningrat123]

Bitcoin Is a Digital Asset Is Not A Currency So Bitcoin Is Not A Failure Of A Currency So Bitcoin Is Just To Be On The Internet Open To Be The Currency Of The Government Or State

[arya123210]

According to My Bitcoin Not Fail As Currency but Bitcoin Only In Use As Digital Asset Not A Currency Often We Use Every Day Indeed Bitcoin In Use Only For On The Internet Open As A Currency

[riskarcher]

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 ?

No more speculation, The crypto used is an asset system that is investment. I wonder why some people think that Bitcoin is the currency. significantly in the future will not change the statement about Bitcoin just as an investment

[Yantoaja]

I think bitcoin will develop in the future, so the function of bitcoin is not just for investment assets only. Rather it returns to its original function as a digital currency for each payment transaction.

[Froloff92]

If bitcoin will continue to lead among other cryptocurrency, then it will always be an investment tool. As a means of payment, people will use less liquid cryptocurrencies.

[bitcoinVPSD]

You are referring to something long term and I think that's possible. I believe in the future many places will accept bitcoin payments and the demand for bitcoin payments will increase and may lead to money  paper  bitcoin born

[Cryptoproff]

I think in the future bitcoin is not only a profitable investment but as a currency or a simple payment option. I don't think bitcoin is a failed currency simply because of the lack of merchants that accept bitcoin.

[Findingnemo]

Bitcoin is failed as currency as many people only keep it or treat as a asset rather than currency.

The decision making in short time is not right we need more time to make these types of big decisions but my opinion is to give some more time for that the comeback.

[Tylev]

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, the situation can change for the better and bitcoin will still be able to regain the advantage in the function of the means of payment, rather than the accumulation of value, as now. This can happen if, after using it as it is now, it rises very high in price and, once panic and practical depreciation occurs, will return to the previous low price. If this does not teach some people the first time, bitcoin can repeat the same scenario, after which not many investors will have enough stupidity to step on the same rake a third time. Only after this bitcoin can be freely used as a means of payment and volatility it will not be so high, because the rush demand for it will no longer be. He will work in his usual mode for him as a means of payment.

[genlocy]

Many people think bitcoin is not fully a currency but i don't believe that bitcoin does not fail to become a currency.It need more time to fulfill all the rules of  currency,i think it will develop in future.

[BIOX]

The future can be changed and future of bitcoin can also be different too. But there  are a lot other altcoins and some of them can become leaders of the marketplace soon

[teejayrichard2]

yes bitcoin has indeed failed as a currency as instead of being used as a currency, people use it as a sure means of investment expecting huge returns within a short period of time. But i strongly believe in the nearby future, bitcoin will be used for its main purpose which is as a currency for transaction.

[mdrakibul]

Bitcoin has merchants and it is also used in online payments.Some big companies like alibaba had introduce the existence of bitcoin in our country.Although it is not known in some parts of the world most especially those poor countries that cannot easily access bitcoin. Maybe if Bitcoin became not so volatile and avoid its huge spikes and drop, Bitcoin can be used as a currency more frequently.

[fianaindriati]

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 ?

everything can happen through a long journey, so we have to wait and support things like this in order to run smoothly without any future.

[Labay]

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.

But it is used as currency, but you'll regret when you used this because of the price that we have.

It hasn't own country currency but i think soon it could be more popular and other countries ban it.

Why we need to credit it to china or to others that you said? it is for the whole world.  I think it is the currency for whole world that's why no one can mine it as their currency.  When bitcoin was used as currency for whole world, it is more good because when you travel at another country, it is easy to buy and at least less hustle.

[Dancobit]

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 ?

So far bitcoin has failed more, on the traditional aspects of money. This is not a store of value because it is so out of focus and inconsistent.

[thenameisjay]

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 ?

Bitcoins failed as a currency mainly because of the over-inflated value against its very small supply. How can a currency like this take over the world when the actual supply can't even cover a whole country. And imagine only the rich and the middleclass men has access to bitcoins. A currency should be handled by anyone.