Bitcoin failed as a currency

[setialovers]

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 .

Indeed, bitcoin just need regulation from government if we want bitcoin become currency. Unstable bitcoin price right now because cryptocurrency market is unregulated market and investor still wait and see on regulation. Its still need long process.
 

[A Feeder]

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 ?

In my opinion, I say yes. The reason I've said that is because we have not yet reached the limits of technologies nor the brink of it. It is not concluded yet that bitcoin has failed as a currency because a lot of people still believes in its capabilities and I am one of them.

[Domain_THEME]

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 ?

In my opinion, I say yes. The reason I've said that is because we have not yet reached the limits of technologies nor the brink of it. It is not concluded yet that bitcoin has failed as a currency because a lot of people still believes in its capabilities and I am one of them.

I think that many people are now driven by disappointment. Bitcoin has already fallen almost four times in price relative to its peak value and this makes many people think that everything is lost and that this is the end. But this is only a temporary phenomenon.

[Trimegistus]

I think that many people are now driven by disappointment. Bitcoin has already fallen almost four times in price relative to its peak value and this makes many people think that everything is lost and that this is the end. But this is only a temporary phenomenon.

As temporary as the rise to ~19k USD was?

 

[vhroen]

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 ?

Because bitcoin is highly volatile, merchants are discouraged to use it as payment and the speculative high value of it is a good long-term investment.

[Marvelio]

In my opinion bitcoin is used for online transactions and bitcoin prices are unstable, but if bitcoin becomes stable there may be a chance that bitcoin will be currency, but for now, there is no possibility that bitcoin will be used as currency. because the flow of money made by altcoin is also unstable because people out there can not wait to sell if they experience a rapid increase.

[AutisticKid]

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 don't think that would ever change the fact that bitcoin can never be used as a currency as it is so volatile. It's price literally flies and drops every other hour or maybe minutes. Maybe some firms or companies may accept them but its difficult to show cash flow so it will not be used as a currency overall.

[Violettochka]

Currency means price stability. And if bitcoin has a stable price, then it will cease to interest investors - it will be death for bitcoin. Bitcoin will never become an international currency.

[Pruegelprinz]

Bitcoin has become a pure speculation object, because it doesnt serve the needs of a currency. And if you read a bit around here you quickly gain the assumption that for many people it is:

1) a religion
2) they are invested long and want to see higher prices

It is still hyped a lot in the community. In the mainstream it is exactly the opposite. And public interest seems to decline since a while.

[tylerderden]

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 ?

It has never failed as a currency as people use it to transact daily in their day to day life and purchase goods online and I am also one of those people. Bitcoin provides both the benefits that of PayPal as a payment processor and of USD that is a currency itself and is also a investment vehicle as people also use it for investment purposes.

[oni4an]

And what is wrong with the fact that Bitcoin has become not just a currency, but also an investment? I think it's great that it's evolving. People are interested in them, buying, improving. Everything is gradually, because bitcoin has no competitors.

[zimmah]

For me it is not only a store of value. Part of the cryptocurrency I hold for the future, because I see no reason to sell what in a few years will cost hundreds times more  than it is now. 
I also have a cryptocurrency for everyday payments. There are many stores that accept cryptocurrency, and in my town you can even buy pizza for bitcoin.

[The Cryptologist]

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 ?

It is still used as a currency but it's just much more used in trading. There are numbers of merchant out there that still accepts bitcoin up to this point and that proves that bitcoin is still a currency despite of many confusion and arguments about it.

[Kotone]

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 ?

It is still used as a currency but it's just much more used in trading. There are numbers of merchant out there that still accepts bitcoin up to this point and that proves that bitcoin is still a currency despite of many confusion and arguments about it.

nope, I don't think that the bitcoin is failed as currency. bitcoin is alive and actually it is 1st decade in 2019, bitcoin is made in 2009 and it is a good performance since then.and now , the price of the cryptocurrency is dropping low and we can't say that the bitcoin failed because of this. so what you can say if the price is rising up ? the bitcoin is really good? don't be hypocrite. just believe in the bitcoin

[Gaurav11kb]

Bitcoin cannot be used as a currency because it is not regulated and its price is not stable. Some whales can manipulate the price whenever they want. So until these problems are not solved, we cannot expect bitcoin to be used as a currency.

[Daihan]

First when I heard about bitcoin I didn't take it as a investment to take profit because I liked the technology behind it. And now I'm try to invest. I think it is perfect time because the price is down.

[armadaskr]

I think the failure of Bitcoin to be a currency is because too many complicated procedures as a requirement to become a currency. for now Bitcoin can only be called as an asset. But who knows in the future there are changes that could help Bitcoin become currency, maybe right ?.

[Muspion]

Bitcoin accepts legally and in large numbers in government-level governments and that is the best thing for all holders who hold it for the long term so that's why bitcoin has most of the benefits to using to save for the future which is a bitcoin specialty and I think Bitcoin is the eye the most needed digital money can be used and most preferably that uses a very wide worldwide that no one can compete for this and the most special thing

[budw1ser]

Ultimately I think if Bitcoin fails as a currency it'll still succeed as a store of value. It has a limited supply and once its fully mined it'll be sought after like gold.

I think that blockchain technology itself will succeed, its just which companies is the question. This is why I am bullish on bitcoin long term. No matter what happens bitcoin will always be the first use of blockchain technology. In years to come I envisage people saying they want to be able to say they own some of the original currency, the coin that kicked it all off.

I guess time will tell though!

[Blackwhite69]

Nothing has failed from the existence of Bitcoin until now because Bitcoin has benefited everyone with prices that increase every year. We are only worried that Bitcoin will be so bad in the future.