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Author Topic: Bitcoin failed as a currency  (Read 6951 times)
666Kleopatra
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June 09, 2018, 12:42:00 PM
 #861

Bitcoin is just gaining popularity. Only 1 person with 1000 used ever beatcoin. There is still no critical number of participants when the bitcoin system will be able to reverse the course of history and capture the whole world including daily small financial operations
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camily.june24
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June 09, 2018, 12:55:09 PM
 #862

I think it wouldn't. Besides, by that, bitcoin has been purposely working.If you try to look at now, many investors are now into Bitcoin because they want to have profit rather than use bitcoin as payment method.
Miles123
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June 09, 2018, 01:01:49 PM
 #863

Bitcoin is not a failed as a currency because it has the highest value and no one can control that money even the governments. If you are old here of using this forum, then you already know how bitcoin important to us.

xbl1008
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June 09, 2018, 01:08:15 PM
 #864

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 ?

you may not feel it now but in the future when the volatility is low and the market is bigger that we see it now where as nearly all of us is using bitcoin as a means of exchange you will appreciate it much better, but if you really look deeper to what it can do as of now it functions as a currency like what it does in forex a center of exchange for other digital currency without bitcoin there will be no altcoins.
Silenox
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June 09, 2018, 01:11:38 PM
 #865

This is relative, the initial idea was that everyone would mining with CPU, which was spoiled by Asics. It is very volatile compared to fiat, but 1 Bitcoin is always 1 Bitcoin, this has incredible value. The "problem" is how much fiat it takes to get a fraction of Bitcoin, which makes it so volatile.
Altf4
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June 09, 2018, 01:20:56 PM
 #866

I do not think bitcoin failed as currency, because it has establish in the cryptoworld, it is not recognized in the outside  world , but some of the banks ,stores , establishment and industries, are starting to accept bitcoin, but in the digital world  where bitcoin is circulating  the bitcoin have reach a milestone , and it is so popular coin in the coin market, so I can say that bitcoin so successful crypto.

handsomes
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June 09, 2018, 01:33:18 PM
 #867

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 ?

its not true because bitcoin is currency that any time any day or months the value is change because of industrial Do you think the bitcoin soon failed because of the currency ofcourse no this is a phenomenon that value of bitcoin can't failed.
pushups44
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June 09, 2018, 01:36:13 PM
 #868

Bitcoin is still in the process of development and some people just want quick results. Sooner or later scaling was bound to become a roadblock for many blockchain projects. Bitcoin is tackling that problem head on right now.
wave1002012
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June 09, 2018, 02:01:21 PM
 #869

I think bitcoin failed as currency because of its volatile characteristics and its really difficult to buy when the value of money we are using as payment is changing and also the transactions is dependent on internet connection.
xiahui135
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June 09, 2018, 02:02:17 PM
 #870

bitcoin is an asset like gold.
bitcoin is not a currency.
saumang2m
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June 09, 2018, 06:25:55 PM
 #871

I do not agree with bitcoin because bitcoin is a crypto currency and in this time only a few people have understood and used this currency but in the future Bitcoin currency will become so popular. That all people will start using this currency in their daily transactions.

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thanhdat031
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June 09, 2018, 06:40:44 PM
 #872

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 think bitcoin cant failed as a currency because how comes that the company of bitcoin will be failed, they are the demand business in this industry because they are the best and  all requirements that investors or what is looking for or finding is in the bitcoin company so there’s no reason to failed them as currency.
dear53
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June 09, 2018, 07:11:18 PM
 #873

NO i think bitcoin is one of the best and trusted currency in the whole world. Most of the country use bitcoin now. It is a trusted name in online. The price of bitcoin going to ups and ups day by day. I am very happy with it. I seen that many people change there life with it. It is a very powerful currency in online. There are many more currency in online but i feel safe with bitcoin. I am not think about like this that bitcoin failed as a currency..... Smiley
Usafstar
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June 10, 2018, 12:04:25 AM
 #874

I am thinking that bitcoin is still growing and good as a mode of investment and now a days people are doing well in the crypto market as we know that it is volatile but still the people are getting profit in this market i would love to hold my investment as this currency will become more famous once adopted by big countries.

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Marcelini
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June 10, 2018, 12:15:21 AM
 #875

Yes Bitcoin doesn't have enough uses in real life. Maybe it isn't that good as a currency, but it's still a verry good investmentproduct.
Capradina
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June 10, 2018, 01:33:00 AM
 #876

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 think it's hard for Bitcoin to be a currency.
this is due to the high Bitcoin vitality and bitcoin prices that change every minute, this problem making it difficult for traders to determine the price of the goods they sell.
sangungaji
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June 10, 2018, 02:00:32 AM
 #877

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 think bitcoin is not fail as a currency, because I see bitcoin is growing. I am sure in the future, bitcoin will dominate and as a currency
.
bravehearth0319
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June 10, 2018, 02:03:57 AM
 #878

I think its just how people sees and gain from it. We don't want to be someone who disregards people because its conflicting our views. People gain a lot from investing in Bitcoin and I think its good and better as long as people are becoming satisfied with what they do. And its not like that people are not using Bitcoin as currency, Bitcoin is still used as currency and its not just as prominent as investing is. Long story short, let people be successful in ways they want, as long as its not affecting something. In Bitcoin's case its not hurting Bitcoin to be a investment rather than a currency.
alvinmtp
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June 10, 2018, 02:10:32 AM
 #879


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
ehrz22
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June 10, 2018, 02:13:56 AM
 #880

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 think it's hard for Bitcoin to be a currency.
this is due to the high Bitcoin vitality and bitcoin prices that change every minute, this problem making it difficult for traders to determine the price of the goods they sell.

You are right, I think this is the main reason why bitcoin still not considered as currency, but a lot of people consider it as digital currency. Soon maybe we can hear news about what really a bitcoin is.

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