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Author Topic: Bitcoin failed as a currency  (Read 7186 times)
bitcointodayand
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June 23, 2018, 10:18:53 PM
 #1081

I do not think so, in my mind bitcoin only gaining strength. Yes, now the market is experiencing difficulties, but this is a temporary manifestation! I do not believe that the crypto currency will die in the next time or it will fall heavily in price.

Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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coinbeach1
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June 23, 2018, 11:44:56 PM
 #1082

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Coin buy-back coming!
Lilmon
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June 23, 2018, 11:54:22 PM
 #1083

 We cannot say BTC ha failed as a currency just yet,we must consider the fact that it has not been granted a fair chance to grow and develop as a currency as most governments have been up in arms fighting it and trying to regulate its activities, besides, the crypto phenomenon is yet to sink in to most, therefore its still too early to say that BTC has failed, there is sill lots of room for growth
korkor
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June 24, 2018, 12:00:47 AM
 #1084

I don't think bitcoin failed as a currency 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. Bitcoin is not a failed cryptocurrency, its more of a springboard.
Buzhou
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June 24, 2018, 12:25:05 AM
 #1085

I disagree with you, despite being new to this world, I understand that the BTC has completed its mission! In fact, it's close to that, what will happen to later will be determined by the will of the people.
You're stuck in dollars and fiduciary values, you do not know what you're relating to having created this topic. Wink
It's just an opinion.
Babycuteless
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June 24, 2018, 01:48:47 AM
 #1086

bitcoin currency i think it not failed it supposed to be success and many bitcoin has a market right now and i guess it will not never be failed.
camily.june24
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June 24, 2018, 01:50:21 AM
 #1087

If the lightning network ends up being a dud than yeah you can say that Bitcoin failed as a currency but if it becomes a success and widely used than saying it has failed as a currency would be wrong.It is a success not a failure. Bitcoin just needs to improve to qualify as a currency.
david.super
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June 24, 2018, 01:53:39 AM
 #1088

I think in the future bitcoin is not only a profitable investment but as a currency or a simple payment option. Bitcoin can give us profit and never can do the same thing like bitcoin by the other coin in next day, only bitcoin can to take profit .
mudasarali43
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June 24, 2018, 07:06:42 PM
 #1089

I think Bitcoin is the top demandable, usable and most liking digital currency that is using very vast and widely worldwide that no one can compete for this and the most special thing is that Bitcoin is accepting legally and in a big amount in the government of the country level and it is the best thing to all of the holders who are holding it for long term so that is why bitcoin has most of the benefits to using to store to save for future that is the specialty of bitcoin,
krazy_yvan
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June 24, 2018, 07:15:30 PM
 #1090

In fact we don't know if it failed or not as a currency, do we? There is no way of knowing the bitcoin amount used for real-world transactions as far as I know.

Investment is of course a big part of those transactions, but how much is used for anything else is a big question mark I guess.
Dmitry.sit
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June 24, 2018, 07:38:14 PM
 #1091

I think Bitcoin is the top demandable, usable and most liking digital currency that is using very vast and widely worldwide that no one can compete for this and the most special thing is that Bitcoin is accepting legally and in a big amount in the government of the country level and it is the best thing to all of the holders who are holding it for long term so that is why bitcoin has most of the benefits to using to store to save for future that is the specialty of bitcoin,

Yes you say that most countries take bitcoin as a currency, but not all, and until it is so no one can agree.
reidel21
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June 24, 2018, 07:45:38 PM
 #1092

Most of the people know bitcoin because they can invest the coins with the lure of big profits, so people know the bitcoin currency luck for those who invest in it.
anrian062
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June 24, 2018, 07:51:22 PM
 #1093

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 ?


Until we can using BTC physically and get legality from most of developing countries then yes Bitcoin will always be stuck for investment medium form. the main reason why it failed as a transaction form is because most people using it as investment medium and  distribution of BTC is not legally accepted
Ascredo
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June 24, 2018, 08:10:16 PM
 #1094

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.
successful7
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June 24, 2018, 09:06:10 PM
 #1095

The instability in Bitcoin is somewhat worried for something proposed to be a store of significant worth. Yet, the straightforward truth is that it is being acquired for hypothesis, and not as a store of significant worth or methods for trade. The quantity of examiners overshadows the quantity of individuals who buy Bitcoin for some down to earth utilize. Hypothesis fits fast purchasing and offering moves, while individuals who really utilize a money hold tight to it. I trust that when Bitcoin use as a reasonable cash surpasses that of examiners, the unpredictability will diminish.
awawo
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June 24, 2018, 09:18:39 PM
 #1096

Despite the fact that bitcoin is seen more as an investment platform, bitcoin has the primary duty of being and online currency which is also known as the digital gold, bitcoin being use as a currency is very free and secured with it total freedom from third party involvement.
christina30
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June 25, 2018, 07:43:02 AM
 #1097

We might see bitcoin is going down but it doesn't mean it will failed.Its ok to used it for investing but in currency its only up to you because Bitcoin still meet its currency .Im also using bitcoin as my currency and im always believing in bitcoin to be the future currency and everyone will do believe it to
sam.purg
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June 25, 2018, 09:23:54 AM
 #1098

bitcoin doesn't fail Smiley don't be negative Smiley
poletando
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June 25, 2018, 09:30:44 AM
 #1099

yes right now bitcoin is failed as the currecneis because we don't use bitcoin like the other currencie like money or paypal, but it will be the good investment media and maybe someday if the bitcoin success the image bitcoin as the currencies will realized

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cryptoguy1234
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June 25, 2018, 09:49:13 AM
 #1100

Bitcoin can in any case be utilized as an advanced cash which can be utilized to convey items and administrations in return of bitcoins, for exchanging cash to outside nation it requires more exchange charges though on the off chance that you exchange support through bitcoins there is no issue as there is just low exchange charges for bitcoins to exchange everywhere throughout the world. Bitcoins can be considered as an advanced money and additionally speculation resource. Bitcoins will be in the standard of every single money related market inside the following ten years time.
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