Bitcoin failed as a currency

[roborttyler]

Bitcoin has really failed as a currency since its all about investment and profit making which was not the original purpose of its creation. Many crypto enthusiasts prefer to use bitcoin for investment instead of payment method which makes it to only be more useful on the internet alone. I believe bitcoin can only perform as a currency if investors decides to use it as a form of payment both online and offline.

[sneeze11]

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 not failed as a currency because it is good and trusted. Actually bitcoin now is so popular and famous because you can see it all over the world you can see it in the news, advertisement or even in the movie because there is so many people that is rich now because of bitcoin.

[koldir]

Yes, bitcoin can not be used as a currency. There are two main reasons for this. First, bitcoin is unstable and there is a risk of its collapse. Secondly, there is no country now that will agree to legalize it.

[bitcoinskyrocket09]

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 ?

Well, bitcoin has failed as a currency since its all about the investment and some profit making. And it is not the original purpose of bitcoin creation. Hence, many crypto enthusiasts prefer more to use bitcoin for investment. And instead of payment method they are more fun in investments. I believe that bitcoin can only perform as a currency if some holder and inventors will decide to use them as a form of payment.

[Tahir460pk]

Bitcoin not totally failed as currency i think they are trying and making there system but still struggling till now no country legal the bitcoin when anyone of country support it than it will must make new ways in the digital market and strong own position.

[lani123lani]

for now a lot of black propaganda just to damage the reputation of bitcoin but I still believe in the future of this matter, bitcoin will be the main currency in the future. This can be achieved when more stores from different sectors begin to receive BTC as payment.

[godrey123]

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 ?

Maybe right now bitcoin is being used as a form of investment and not as a currency which it should supposed to be, but lets not forget that bitcoin has still all the characteristics to become the currency of the. future so don't looose hope. One day people will realize that.

[Nnedaddy1]

I don't believe in your assert that bitcoin has failed.

Bitcoin is just starting. Very soon both the e-coomerece industry and offline commerce industry will accept bitcoin as a medium of exchange.

[Prodigan786]

Why are you always blaming bitcoin, all the cryptos are failed as a currency.Bitcoin "has pretty much failed thus far on ... the traditional aspects of money," Bank of England Governor Mark Carney said.Authorities have been weary of virtual currencies because of their volatile nature and illicit activities involving their use.

[leea-1334]

It will change. One day, when everyone is no longer crazy about it. When the whales have liquidated and Bitcoin is moved to millions more people. I mean, this month, I still bought my regular subscription for something I use online, which I could not do before because I have no way to get a credit card. And I use Bitcoin, so I do not mind every month to pay for a small service, with my Bitcoin. It is not failed as a currency for people like me.

[rodriguesserg967]

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'm afraid it can't It's still best trading and most secure for trading. While you can use any other coins for currency purposes.

[BanishedDemon]

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 ?

For cryptocurrencies, it will be very long journey earlier than they grow to be the mainstream opportunity to present-day cash currency payments and banking-based price structures. whether a brand new digital forex is released to take that location, or whether few of the prevailing-day famous cryptocurrencies stabilize over the coming few years to grab the spot, stays to be seen.

[copoyes]

I'd rather agree with bitcoin as an investment
if made as currency, will be many obstacles especially in bitcoin price research

[Trimegistus]

BTC was never meant to be a currency in the real sense of the word because currencies are always regulated by some central institution.

BTC was created to be something else:

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."

Satoshi Nkamoto in Bitcoin: A Peer-to-Peer Electronic Cash System

[bitcoinVPSD]

You're right  . It seems that bitcoin can hardly become currency in a short time. There are very few countries that pay attention and focus on developing it. Now it's more like an investment than a currency like the benefits it's about towards.

[Siamda]

what do you said that about bitcoin? I think bitcoin is the strongest cryptocurrency of all

[lemonzi]

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.

[szpalata]

I would rather say we as a people have failed to use it as a currency and are all interested in making quick and huge returns on them instead of looking for a solution to develop it well for our day to day usage. The merchants are also to blame for not adopting it on full scale so that the ordinary people will be encouraged to use it.

[vividbery]

I think from the beginning bitcoin is not used as currency because speculative characters are not suitable for currency. so as long as bitcoin is still speculative eating will fail as currency. It's possible that bitcoin can improvise, but not sure how far.

[HelenS]

We can't say this thing right now because the future are still bright with bitcoin. Yeah, for now a lot of black propaganda just to ruins bitcoin reputation but I still believe in the future of this thing, bitcoin will become a major currency in the future. This is just the beginning.

Yes, crypto is the future. Even if BTC fails, it will be replaced by other crypto currencies such as ethereum and ripple. But I'll long for bitcoin