a_t_e_e_b
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June 22, 2018, 06:10:44 PM |
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Yes due to its high volatility it has failed as a currency but turned out to be a good investment but i do think it can change in the long run there will be a time when it will be used as currency and less as an investment it was its initial idea also to be a digital currency which would replace traditional money
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hridoyb
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June 22, 2018, 09:41:50 PM |
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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 a crypto-currency coin and it's totally decentralized. Bitcoin is failed to currency because of its price violate and nobody can not control this .Bitcoin is an innovative payment network and a new kind of money but its can't be the international currency like as euro,usd |
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sodeogi1122
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June 22, 2018, 09:52:07 PM |
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I think it depends on the perspective of each person!
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somebadger
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June 22, 2018, 10:04:29 PM |
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It has not failed, and because you are saying it, it means that it is true? came on mate, you seriously need to understand for what kind of purposes bitocin has been created
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Huntler1993
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June 22, 2018, 10:40:54 PM |
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Bitcoin as a currency has not failed since many merchants accept BTC, many people are using bitcoin as a currency so far as it facilitates their transactions. The truth of the matter is bitcoin has it value and unless it loses its value which is unimaginable and unthinkable it still performs the task other traditional currencies does. For me I think many others will start using bitcoin when it best fit their needs. Also lets us not forget that it is really hard for people adapt to change. Therefore let our mother coin run it course gradually.
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_Aristocrat_
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June 22, 2018, 10:47:52 PM |
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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. I think that instead of bitcoin, another altcoin will be used, which will be better in all respects. |
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Keeping Up
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Staker.network - POS Smart Contract ETH Token
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June 22, 2018, 10:50:42 PM |
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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 do agree that bitcoin is now indeed being used more as an investment rather than a currency. This could be attributed to there isnt much of a market that accepts it as one due to its volatility. Business entities that will accept it will see the risk of doing since they may loss a lot by doing so. |
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Dingdong7
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June 22, 2018, 10:53:45 PM |
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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 both an asset and a currency, but it's more like a currency since bitcoin an ever growing currency. It's wise to consider bitcoin as an investment and chose not to spend it but just hold it until the right time has come. We are still not losing the point and the use of bitcoin, bitcoin can still be used as an exchange for good or services. |
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Ailmand
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June 22, 2018, 11:02:11 PM |
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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 would not say that it is a failed currency because it's just a newbie compared to those seasoned and long-time used currencies. It may have been present for about a decade, but it still has a lot to experience before it can be a stable and so-to-speak reliable currency. Although it is still in a stage where it has so many movements and trends to amass before it can actually start to become stable, I would say that it is far off to conclude just yet that it is a failure because there are so many more things that can happen to it. |
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DoublerHunter
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June 22, 2018, 11:25:48 PM |
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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 has actually become a new form and means of payment. Its not yet reaching tge point of be coming a currency but it only shows that the technology of it has tge potential for the future. Bitcoin is one of a kind form of payment, if it will be fully recognized it will surely show itself as more than capable as a currency. It is not actually became a means of payment, it is just an another option for people if they want to be secured and if they want a faster mode of payment compare to the banks that will require them a lot of things and they need to wait for a few days before they get the money especially if it is a huge amount of money and that when bitcoin come as a means of payment but for ordinary payments it is not suitable to use bitcoin. |
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shadowduck
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Oikos.cash | Decentralized Finance on Tron
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June 22, 2018, 11:26:55 PM |
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I do not think so. Bitcoin has not yet fallen to such an extent that it can be said about his death or something else. Yes, after correction, the price of bitcoin has greatly reduced, but this does not mean that you need to panic. On the contrary, we should consider this as a chance to buy more coins, because soon the growth will begin again and everyone will talk about bitcoin!
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CRYPTON0101
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June 22, 2018, 11:28:21 PM |
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Bitcoin is not a failed crypto currency more of a springboard. Bitcoin will remain however there needs to be a way to protect bitcoin as well as other altcoins. Whomever births the way to protect crypto currency will become insanely wealthy. The wifi circuit must be removed modified so it doesnt connect to the Internet protecting our digital assets.
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rynanosih21
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June 22, 2018, 11:30:20 PM |
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Bitcoin has been used for investment.
Bitcoin is feasible to be used as a tool for transactions but its use is still very limited.
Transactions with Bitcoin are still questionable because of their unstable value.
Plus there are some countries that do not legalize the use of Bitcoin, making Bitcoin difficult to accept.
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CurtisEvans
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June 23, 2018, 02:55:17 AM |
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I think bitcoin cant failed as a currency because how comes that the company of bitcoin will be failed,the role of government is needed to provide a sense of security for someone if you want to invest in bitcoin.
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btcjocan
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June 23, 2018, 03:45:59 AM |
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Why they think that bitcoin failed to be a curenccy, it is already a decentralized and peer to peer currency a digital curenccy. Bitcoin is a successful curenccy, and not only a digital curenccy but it is also a digital asset, it is an investment.
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raahi
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June 23, 2018, 03:34:13 PM |
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Many think that bitcoin had reached its peak value of 19000 USD and will never reach that standard again but fail to see the point that even though it is at a correction of 6200 USD as of this day, it is the 6th strongest currency in the world without being regulated by any central authority so it has definitely not failed.
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kok jujung
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June 23, 2018, 04:54:59 PM |
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no, i think that is the wrong statement.the journey is still long and bitcoin is still new in the world of currency
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gvnsrbtc
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June 23, 2018, 05:38:46 PM |
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Nothing always rises or falls. Bitcoin will go through ups and downs. He may even fail; but then the process can easily be restarted, since we now know how this works. At the moment, bitcoin may be too volatile for currencies. But this is the first digital currency.
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ahmad21
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June 23, 2018, 05:45:37 PM |
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I don't think bitcoin will ever be successful as a currency as it has been as a mode of investment. Actually the value of bitcoin fluctuates highly and that can be very much distressing for the economy of a country. But when it is used as a form of investment, it proves to be beneficial for its holders and volatility of bitcoin is the only feature that makes it possible for the investors to gain from their holdings.
The decentralized nature of the crypto instruments makes them vulnerable to many restrictions imposed by various governments. That is the reason they are not ready to accept it as a common medium of exchange.
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mommysean
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June 23, 2018, 09:14:38 PM |
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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 failed as a currency. many peoples bought it and sold higher than they bought, it cause bitcoin become overvalued. If this is repeating, the price will really high now. now many peoples considered bitcoin as an asset more than currency because they can invest their money in bitcoin. |
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