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Author Topic: Bitcoin failed as a currency  (Read 7186 times)
rinkeshkashyap01
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August 30, 2018, 05:56:21 PM
 #1941

Bitcoin is not stable, but  but for now, there's no chance that bitcoin will be used as currency. If bitcoin become stable maybe it might be possible that bitcoin will become currency.
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August 30, 2018, 06:17:24 PM
 #1942

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 ?

This can change, but only when the price of bitcoin stabilizes and fluctuates in the range of not more than 10%.
In practice, such a stable price is unfavorable to traders who make their money by buying in the dip and selling in the highs. So I think we will see great volatility of crypto for yet another several years.

Helen Jessica
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August 30, 2018, 06:53:48 PM
 #1943

I don't think that Bitcoin is a failure. Bitcoin helped a lot of people. And by that, it is a living proof that Bitcoin is not a failure but a success. The first ever cryptocurrency exist. It is the good example for the main coins why they exist in the market. I strongly believe that Bitcoin is a success
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August 31, 2018, 12:00:55 AM
 #1944

Bitcoin was developed as a technology that would allow all payments to be made anonymously and transparently. Technology that should not have hosts, be decentralized. But as we know, the anonymity of bitcoin under a big question. Decentralization is also in question. As a result, I think bitcoin has not achieved its goals.

But bitcoin brought the technology of blockchain into the world and now we have altcoins which in some aspects more advanced than bitcoin and this can be the future
Phan Trang
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August 31, 2018, 12:39:53 AM
 #1945

Bitcoin is a good coin and it is a useful currency. I believe that bitcoin will become more popular and it means that bitcoin is not a failure currency.
ClassyDancer
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August 31, 2018, 01:50:16 AM
 #1946

Bitcoin is a good coin and it is a useful currency. I believe that bitcoin will become more popular and it means that bitcoin is not a failure currency.

I think so too. I think we just need to be patient in allowing society to learn more about the concept of a digital currency before they embrace it --just like the internet. The benefits of a digital currency are far too great to be ignored, correct?
Joewright91
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August 31, 2018, 07:23:15 AM
 #1947

It is a failed currency already.
Thanks to failed developers. The smart ones left long ago to support Bitcoin Cash
Switchern
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August 31, 2018, 07:31:08 AM
 #1948

Bitcoin should be the world currency. But with the price not stable, bitcoin cannot be used for currency This takes a very long time. For bitcoin to become the world currency
Lauragreen85
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August 31, 2018, 07:36:34 AM
 #1949

The question is: Where will you have most of your value, in bank deposit money, or in bitcoin cash.
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August 31, 2018, 07:48:13 AM
 #1950

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 am sure that investing in bitcoin in the long run can potentially make a big income, but we have to be good at using funds, before we start investing in bitcoin, make sure your funds are free, hoping all countries want to pass bitcoin as their currency

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Maximus-1
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August 31, 2018, 07:50:25 AM
 #1951

Bitcoin can't change in the long term. Bitcoin will be successful in the coming years because many companies are supporting bitcoin. Bitcoin will be more successful in the future even though there are situations that the price fall. I hope that many countries accept bitcoin so that the people in that country can invest money.
FreeSpaceLoss
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August 31, 2018, 08:10:19 AM
 #1952

In the event that for the long haul feasible for bitcoin to be used as a methods for installment however,the part of government is expected to give a feeling that all is well with the world to somebody on the off chance that you need to put resources into bitcoin.
Kira_lapa
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August 31, 2018, 08:12:00 AM
 #1953

People will always make money on what they can earn, so it's no surprise that bitcoin from a promising currency has grown into a promising investment. However, my opinion is that bitcoin is good in the long run, and not as a means for speculation.
jademaxsuy
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August 31, 2018, 08:48:49 AM
 #1954

I believe that in the future if the Bitcoin price becomes more stable, that it could potentially be used as a currency. For right now though it still remains too volatile.
Being a volatile on its market price does not have any relevance to bitcoin as a failed currency. When you say currency actually it is a medium for an exchange to a transaction being made and as we all know that bitcoin had it like when you invest in an ICO projects where BTC could be used as a payment.
Julie PeaLarsen
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August 31, 2018, 09:07:55 AM
 #1955

Currently I find Bitcoin too successful to be a speculative asset and many people know it. But there will be a long time to be able to apply bitcoin as a means of payment.
Nicklas ioSJeppesen
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August 31, 2018, 09:20:24 AM
 #1956

I think in the long term Bitcoin will gradually be accepted as a means of delivering the team as the purpose of its formation.  Smiley
Leonardoross
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August 31, 2018, 09:26:35 AM
 #1957

What is the difference between Bitcoin and Monetary? You know, the currency is only circulated when the exchange of cryptocurrency takes place.
lotao
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August 31, 2018, 09:28:53 AM
 #1958

I think it's just an excessive phase of Bitcoin, because the previous gold has gone through this stage, but I think Bitcoin can develop even better!
samlaode
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August 31, 2018, 09:30:30 AM
 #1959

Currently I find Bitcoin too successful to be a speculative asset and many people know it. But there will be a long time to be able to apply bitcoin as a means of payment.
It is a valuable asset. The bitcoin does not need to be a currency, people only care about the benefits that it brings. I prefer to invest and trade it rather than using it as a means of payment.
kopamo
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August 31, 2018, 09:36:24 AM
 #1960

Bitcoin is now digital currency. It becomes an assets.   Bitcoin now  very  success everyone  use it easily.  I hope  in future  bitcoin no 1 currency
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