Bitcoin failed as a currency

[BETAWI]

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 more of bitcoin as an investment.not likely to be a currency. I do not think that's possible. and also we know that there are many countries that can not accept bitcoin as a legal means of payment. this becomes one of the factors.

[jony35490]

No Bitcoin not fail as a currency.Because Bitcoin is a secure and profitable currency.We already seen it last couple of years and I can say future is coming.Bitcoin will be one of the top currency to be use.

[Tambu]

I think its too early to judge if the btc is s failure as currency.There are still enough time to ponder on this. If the whole community accept btc then it will a currency. In the future where heading on that.

[Kiweikoo]

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.

For bitcoin to be a major currency it needs to be centralized by atleast one country but due to such volatile rates no country would take such chances fearing economic unstability , also bitcoin is not as secure as cash currency with so many scams happening around every now and then where bitcoin is directly indirectly involved. And yeah it was the Wanna Cry Malware which indeed made the bitcoins rates rocket flying a year back.

[werner52911]

That's the big question, investment or paycoin. I believe that question will answer the future. Currently, the Bitcoin is seen as speculation.

The BTC can only prevail as a payment coup if the high volatility is gone.

[Linggis]

It looks like Bitcoin will remain an investment tool.
And Bitcoin will not turn into a currency.
This is very evident from several years
If Bitcoin is used for currency this is very risky.
Many countries do not legalize the use of Bitcoin because Bitcoin is Volatile.
Many of them are buying Bitcoin for long-term investment tools.

[TianaStam]

I think crypto currencies will stay as trading and speculative form of making money till the end. Some of them will be accepted as payment, but it won't be so popular.

[kolitski]

Probably i felt that bitcoin is not failed as a currency as you can see that there are some country are using bitcoin in purchasing their goods, payments of bills, and now i had latest information that bitcoin is using paying of school tuition in that country.

[megatrix]

I agree that Bitcoin is now more utilized as an asset for investment and trading than as a currency, I am guilty of that to be honest. Well who can blame us, I feel that I can maximize the good things I can get from by coins by utilizing it as an asset for my trading and investments. I find them so valuable for me to just use it to shop, we cannot deny the fact that, very rare establishments and businesses are accepting Bitcoins and more often than not these businesses are pricier than the others who do not accept Bitcoins as mode of payment.

[Baekhyun]

I think for now maybe bitcoin can not yet be declared as currency, although some countries have legalized it.
Many speculate that bitcoin will fail in the future because of its unstable price, but I am sure that with the advancement of crypto currency bitcoin will be accepted and can become a global currency.

[katri]

No one can tell! Today, bitcoin as a form of investment did a great position in the community. Maybe later, it would comeback as a form of payment but as of to date better to stay in that kind of position.

[Dynika]

Recently, I have doubts about the prospects of bitcoin in the long term. I think it will be replaced by a younger cryptocurrency.

[CRYPTOGANGSTERs]

Bitcoin is sure to become a currency that can be used in everyday life, immediately after the introduction of technology Lighting Network. The whole world is already tokenized and this process can not be stopped.

[vachellie]

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 for now bitcoin cant be currency because fluctuations making it hard to do trade and transaction maybe if bitcoin become stable or more stable bitcoin can completely become currency. For now i just using bitcoin for investing

[minhquang3869]

Sure, bitcoin can not become a government currency, because every country has its own money. Bitcoin can only be used for exchange for online trading services; it replaces government cash in this segment for convenience, less cumbersome, time consuming. And more specifically, the volatility of the cryptocurrency market makes it difficult for bitcoin to become the official currency the government recognizes.

[Koalamite]

Bitcoin is not a failed cryptocurrency many people are already gain profit in bitcoin may be for now bitcoin is tottaly down in the market right now but its not mean that bitcoin is a failed currency we can say that when bitcoin will recover and rise again

[Jetblack01]

The way I see it, bitcoin is always going to be paired with everything.   Bitcoin gives other coins a value right now.  Atleast it looks this way.  When BTC price drops, everything else follows.   This is just my opinion and I hope someone else jumps in on this topic.  I know we have USDT right now and maybe soon that will be paired with all these other altcoins, but I see bitcoin to stick around forever being used as it is used right now.

[ervinmadureri]

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 do not think like you I believe that bitcoin will become the currency and will be the payment form of the future, you can see that the market is growing human life requires development. The successful 4.0 revolution has led the whole world to recognize the benefits of bitcoin and there are many countries that recognize and license bitcoin legally.

[tuturutmunding]

of course because bitcoin does not meet the standards of provision for currency. And it is not possible because each country in the world already has its own currency bitcoin can only be used in the form of transactions between the community

[luis fantom15]

Bitcoin is currently failing as a currency chiefly because it is very volatile.A unique feature of a good currency is its stability (at least over a short period of time).Bitcoin will perform better in future with greater adoption.The price will relatively be more stable,less market manipulation plus general acceptability.