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Author Topic: Bitcoin failed as a currency  (Read 7186 times)
jackjones53
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June 11, 2018, 11:49:00 PM
 #921

I think that bitcoin did not work and started a new history of the world economy! Development kriptovalyuttsimvoliziruet the desire of the people with freedom. If you say that bitcoin failed as a currency, then why is everyone talking about it?
Natural Perm
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June 12, 2018, 12:32:16 AM
 #922

Bitcoin never failed as a currency because it is supposed to be a digital money to be used for online market / transactions. Some people think that bitcoin is too bad to be a currency, because the media/internet is ruining the reputation of bitcoin. They say that this thing is just a scam and useless, which in reality, it isn't. That's why governments are still unsure whether to make bitcoin as their legal currency to begin with. Hey but who knows what the future holds. Bitcoin might be the flow of money in the global market, and prove people wrong of what they think bitcoin is. People just use bitcoin as an investment now.
Trimegistus
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June 12, 2018, 08:58:17 AM
 #923

BTC is far from being a currency; it has to be regulated and stabilized first.

However, regulation will demolish one of BTC's pillars: decentralization.

Which one do we choose; regulation and stability or decentralization?

Tuyoqhh
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June 12, 2018, 09:23:17 AM
 #924

In today's state, bitcoin cannot be used as a mass means of payment, and in the future such as I believe will not change if not be more hard fork.
extrimals
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June 12, 2018, 11:42:05 AM
 #925

Yes, a strange question because bitcoin is like the basis of crypto-currencies. He is the most popular among all though now he is clearly not in shape. But in my opinion he will soon return to his top.
nicktalman93
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June 12, 2018, 12:15:31 PM
 #926

Mcafee has something to say ...

https://coingape.com/bitcoin-price-falls-amidst-bear-market/
Pepito Manaloto
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June 12, 2018, 05:18:08 PM
 #927

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 ?

We've called bitcoin plenty of terms already but it is mostly used as an investment. Many people has already succeeded from their investment here in bitcoin and I think we should atleast appreciate bitcoin as an investment. Maybe it has failed as a currency but still it is making a way to prove people that it's worth to be called as a currency in the future.

emberbekas
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June 12, 2018, 05:22:58 PM
 #928

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 ?

We've called bitcoin plenty of terms already but it is mostly used as an investment. Many people has already succeeded from their investment here in bitcoin and I think we should atleast appreciate bitcoin as an investment. Maybe it has failed as a currency but still it is making a way to prove people that it's worth to be called as a currency in the future.

Me and some of my friends prefer to call bitcoin as an asset since the chance for bitcoin to be currency seems won't be allowed in the near future. But, although bitcoin can be used as investment only, that is already enough for me.

kingkongcorp
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June 12, 2018, 05:24:36 PM
 #929

not In my opinion Bitcoin will only be our virtual asset and bitcoin will not be a national currency but bitcoin is made just for a form of investment so bitcoin will never become the national currency
rindayle
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June 12, 2018, 06:34:53 PM
 #930

You can not say this about the currency for which you have the most part of the capitalization of the crypto-currency market. The number of investors and its correct development will leave it in the first place. And that it takes time.
priyanjana
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June 12, 2018, 06:40:07 PM
 #931

As a currency bitcoin may not be the success. But as an assert bitcoin is digital gold. Bitcoin is not the only cryptocurrency, it introduces revolutionise technology to the world. If, want stable the bitcoin we have created new bitcoin to stop the inflation.
laiya94
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June 12, 2018, 06:40:48 PM
 #932

Due to volatile of bitcoin its failed as a currency but success as an investment because even during past year Bitcoin has raised so much.

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Gabah56
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June 12, 2018, 06:41:47 PM
 #933

between the way that is. save it in the Wallet you like. but the most important thing is.
always provide additional security.
do not hesitate WD in the cafe.
and always clean the phone from viruses and applications that are not clear where it came from .

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Rozita
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June 12, 2018, 06:44:40 PM
 #934

Due to volatile of bitcoin its failed as a currency but success as an investment because even during past year Bitcoin has raised so much.

If bitcoin fails as a currency, it will also fail as an investment in long term. Now people invest in bitcoin due to its potential to become a global currency. If it is proved that bitcoin won't be a currency, there won't be a high demand.
NaomiNagata
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June 12, 2018, 10:25:09 PM
 #935

If you want to understand what is going on in the market of cryptocurrency you should use the new platform -  Cryptics. It is a cryptocurrency exchange rate forecasting platform, that is making predictions on a base of analysis of collected data from more than 100,000 sources in social networks and 400 technical indicators. It is able to make a daily and hourly forecasts for the crypto market (Bitcoin, Ethereum, Ripple and more) with 70% accuracy. I think this is really cool. If you want to know more - https://youtu.be/52RacK8L4GI
rafi035
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June 12, 2018, 10:43:56 PM
 #936

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 ?

of course could be with the advancement of technology and the need for the development of crypto currency needed by the society in the future
Thyristor
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June 12, 2018, 11:02:16 PM
 #937

Bitcoin is very successful as a digital currency i think.Why you think or you asking about Bitcoin failed as a currency.Some reasons BTC day by day dumping,Media is number one fuder i think because they published news against BTC.
shalaza
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June 12, 2018, 11:17:10 PM
 #938

The sad truth is that this is actually true. People see it as an investment only which is not the sole purpose. I hooe this changeon the long run
Mwalshe89
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June 12, 2018, 11:26:21 PM
 #939

I think it's too early to talk about the dimension of bitcoin, because at the moment bitcoin is in a sideways trend! Therefore, price changes in the range of 6-10 thousand dollars will be for a long time. Growth can be said at the moment when bitcoin is fixed on top of the mark of 10 thousand dollars.
junkerr
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June 12, 2018, 11:28:03 PM
 #940

If it's said to fail it seems not because after seeing the great development that occurred from the first until now it can be said that bitcoin has experienced great success as a crypto currency

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