Bitcoin failed as a currency

[hoangthipro244]

The limited amount of btc does not allow it to be a monetary alternative, setting the limit on the amount of coin so btc in the long term will not change our view of it.

[spartaka]

Yes, even as a investment medium, it can go long term. In current time, it is the users who decide how the product is going to be used and thus the product has to evolve accordingly.

[Dana-pasar]

not a failure. if in my opinion it might still be the running stage and process. because it is not easy to make bitcoin as a digital currency for the whole world .

[tri lie]

Bitcoin is in its early stages as currency, trial and error seem to be a normal thing. It hopefully can be used as a reference to improve bitcoin performance. There is still plenty of time to perfect bicoin as currency.

[Zainal-baguz]

if in say failed also not gan. proof some countries have received bitcoin as a legitimate currency to use such as paper money. like the news I read. in Germany it has received bitcoin as a legitimate currency .

[abaidudez]

We can't be really sure that it can be use as a world currency in the future. But it's already a crypto currency which you can trade with any crypto you wish to trade or buy. There are some that can be purchase using bitcoin also. There are few countries that already accepted bitcoin in some store and accepted bitcoin as one of their currency. There are still lot's of time to stop thinking of the possibility that Bitcoin can be a world currency.

[Qeupe]

we can not say that btc fails as currency because btc is still very young and new booming in 2017, the future is still bright for bitcoin investors although no one can guarantee it.
Maybe one day the use of bitcoin as currency will be more dominant used in many countries

[f150]

yes Bitcoin fails, but the value of Bitcoin exceeds the value of the currency and even becomes an alternative to earn money so they want to use their money to invest in Bitcoin for profit.

[Cryptokeke]

Some currency is depending in bitcoin, bitcoin is not stable but almost all altcoins are relying on it so i say its not such a failure as a currency. Each currency is relying to one another anyways

[shesheboy]

yes Bitcoin fails, but the value of Bitcoin exceeds the value of the currency and even becomes an alternative to earn money so they want to use their money to invest in Bitcoin for profit.

fail of what? of providing a profit? yes maybe but bitcoin didnt promise anything to give you a succesive income, infact it was already given that bitcoins nature is volatility or unstable . so overall , bitcoin did not failed as a currency but instead , bitcoin is already a succesful currency (a cryptocurrency ) because it did become a wide spread and many business & lives have improved because of the existence of bitcoin.

what really failed is the people that does not know who to use it. they use thier bitcoin in a wrong way such as for investing or trading and they blame bitcoin because bitcoin did not increase its value ,which result for them to loose.

[rumexx]

Bitcoin concept is for it to be a digital currency and not fiat currency. It is doing well as at what the original concept was. Even if it is for investment coin it is still doing well.

[Dacosta Osei-Tutu]

It will be very difficult for bitcoin to be used by a country as its official currency because of its volatility. Secondary its an electronic asset and that will be a disadvantage to those who are not technologically inclined in that particular country.

[Sergio444]

Yes, bitcoin cannot be a currency for global adoption, it is more of an asset as compared to be a currency. Making bitcoin a currency will create loses for most industries due to it high volatility. The market is not stable for bitcoin. This is the reason why it has failed to be a currency. It is good to retain its quality as an investment coin rather that seeing it as currency. But only invest what you can afford to loose. Anyway, some industries receive bitcoin as a means of payment.

[Farma]

Bitcoin concept is for it to be a digital currency and not fiat currency. It is doing well as at what the original concept was. Even if it is for investment coin it is still doing well.

well, as far as I know, the concept of bitcoin is more in view as an investment than currency. only, the use of bitcoin as so much currency raises the debate among countries. well, I think bitcoin does not fail as currency, it's just the main function that is often used is as an investment tool.

[vessing]

Bitcoin may have failed in his original mission, but he paved the way for other, more scalable crypto conversions.Perhaps in a few decades people will invest pension contributions to the digital asset with bitcoins

[Mersterious]

for me As long as it is used it will not be failed. Bitcoin passed tough years so it would be so hard to conclude that it failed, some countries have banned it and others are learning how to deal with it.

[pujarihema]

The first and primary need for any currency is to be stable. Of course inflation will be there but that should be low and uniform too. But Bitcoin is neither stable, nor the price increase/decrease is uniform. That's why if failed as a currency and it won't ever become a successful one.

[Stioned1987]

i'd not say that it is a failed forex because it's just a amateur compared to those seasoned and lengthy-time used currencies. it could have been present for approximately a decade, but it nevertheless has lots to experience earlier than it could be a solid and so-to-talk dependable forex. although it continues to be in a degree in which it has so many movements and developments to amass earlier than it is able to absolutely start to emerge as solid, i might say that it's far a long way off to finish just but that it's miles a failure due to the fact there are so many greater things which could manifest to it.

[HasithaM]

The instability in Bitcoin is somewhat worried for something planned to be a store of significant worth. However, the basic reality is that it is being acquired for hypothesis, and not as a store of significant worth or methods for trade. The quantity of examiners predominates the quantity of individuals who buy Bitcoin for some functional utilize. Hypothesis fits speedy purchasing and offering moves, while individuals who really utilize a money hold tight to it. I trust that when Bitcoin use as a down to earth money surpasses that of theorists, the unpredictability will diminish.

[compak_comunity]

With the development of bitcoin is increasingly rapidly then the possibility to be utilized as a means of payment can still be realized However, the government should be prepared to make strict rules so bitcoin is not used in bad activities.