Bitcoin failed as a currency

[gvnsrbtc]

Bitcoin will be used as currency in our place for sure because bitcoin is getting more and more famous which is a sign for us that bitcoin is going to be our future currency, nothing happens within days of hours but it takes time to accomplish our aim of being rich or to see the huge change of currency from fiat to crypto which is almost don’t in many countries bitcoin is a currency, and fiat has converted to crypto currency.

[empoy]

Currency is far and different form the cryptocurrency. Currency can be controlled and managed, yet cryptos are decentralized and doesn't depend on a single country or a single huge company. It is a successful mode of payment, yet its unstable price makes it hard for someone to use their Bitcoins. It is still successful but only as a crypto.

[BulbaLord]

I think it will not happen . Because other people dont know what is btc all about . Btc also is only in online , and we need to trade before having a money  . And i believe currency will never be replace .

[DoublerHunter]

I think it will not happen . Because other people dont know what is btc all about . Btc also is only in online , and we need to trade before having a money  . And i believe currency will never be replace .

Of course, i also believed that the currencies that we have right now will never be replace by cryptocurrencies because government are not trusting the cryptocurrencies since they can be easily created by coding or programming and a currency is hard to replace because the government are backing it and they are supporting it since it is more stabilize and more efficient to use for them.

[hurriebra49]

Bitcoin price is going down and down and non-stop breaking down price disturb the mind of the peoples that they thing bitcoin failed as a currency and give negative feedback due to loss, but it is not anything in this type,

[aziie110]

Bitcoin has two impacts one is negative and the positive, Bitcoin price when goes down there are a lot of investors and the holders feel fear about the bitcoin and mostly pass the negativity in this thread and the other one is the reality that lot of traders are using bitcoin as investment, long-term short-term trading, using in different payments that are the main thing and the good sign of bitcoin because it is using as currency,

[Yarsk]

Bitcoin have three great functions which are, bitcoin as a digital currency and bitcoin as an assets and at the same time bitcoin as a store of value. Bitcoin have not failed in carrying out it functions both as a currency bitcoin is doing well using it as payments for goods and services with eas.

[Momoamzad]

bitcoin has such feature that make it more popular crypto currency.and I think it is still on.people are very fond of bitcoin but from some months its going down and down in price so you are thinking it is failed. but the fact is this is still the best crypto. wisers are still buying btc. they use it as a currency.  crypto currency means as digital currency help people to buy from online shops.

[shaadsufi]

Bitcoin's strength lies in its network , as you can see that the transaction and account informations are spread between the servers across the globe and the best currency’s main requirement is that it should be safe from any vulnerability only then can it be used and accepted as a standard which bitcoin has proved to be.

[Marlo Stanfield]

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 the technology of the future, I believe in the future it will be used in parallel with paper money. It is developing well, and Bitcoin will be a major currency in the future. Let's wait.

It might be used in parallel with paper money for a little while. But I really think that paper money is going to be phased out relatively soon by most governments in the world. The control they can have over fully digital cash is going to be too tempting for them to pass up.

[bapetdik]

I also think that bitcoin is like an asset. This is certainly good for us when we invest in bitcoins. But this is full of risks because bitcoins are so unstable. Sometimes bitcoin is seen from different angles. this depends on how each individual.

[TanteStefana]

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 hope so, because for now Bitcoin is just a bubble from a hard matherials We are just a puppets, and whales are manipulating our market

[Raven91]

Bitcoin is supposed to be a currency but it has very un definedefined purpose for other countries, here in the Philippines many rich people and business man and woman are finding cryptocurrency very useful, thats why it is very helpful, but theres a thing, that bitcoin is not popular for simple humans and workers, thats why they cannot prove and conclude that bitcoin can be a real currency. But for me bitcoin can be a currency and it can also help us i every thing what we do.

[Zigzagkuy]

I think this will change in the future. Because the thoughts and characteristics of each person is different. So it can not be said that bitcoin fails as a currency. Bitcoin is famous for being the digital currency I think. So this has a different mindset of each individual.

[gbsray]

We can't say this thing right now because the future are still bright with bitcoin.

But not all countries accept bitcoin, so it prevents BTC to become a worldwide currency like dollar

[ronnis.gomes]

I have always believed that Bitcoin is more for a value reserve than for a currency and every time I am more sure of it

[Redredred]

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 ?

The price volatility has made it difficult for Bitcoin to be used as a currency. If the price gets  more stable Bitcoin will get much value as a coin. Another factor is that because the acceptance of BTC is still low it makes it difficult to use in real life.

[s4l1wu]

bitcoin has a very good security for something digital, bitcoin is a very protetive currency in terms of hacking. this is what makes bitcoin has a very expensive price compared to other currencies. so it's very difficult if anyone wants to hack the bitcoin

[Psychee]

yes you are right that bitcoin is falling but not only it falls and its competition is falling here Socratus is already growing in the world crypto market

[Malya_alkendy]

In countries that have legalized Bitcoin, Bitcoin can already be used as a means of payment for goods and services. but due to the rapidly rising bitcoin prices, it's hard to make Bitcoin a currency, but more toward digital assets.