How well does Bitcoin function as a currency?

[Mix_Fix]

I always use Bitcoin as a stable store of value. You must understand that developing countries have problems with national currencies, so something like BTC is great alternative for people.

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[jerrison]

the bitcoin functions optimally well as a currency as it has its own way of being characterized as  it relates to the cryptocurrency part of the whole dealings. i must conclude by saying that the few years i have been in the currency has been fruitful.

[Adeforever]

I often use bitcoin as a currency but not frequent. It serves a mean of payment when ever i tendered service to some of my on the crypto world, then when ever I received it, I head to exchange to use it to secure another trending token.

[olgafox0404]

bitcoin has shown many times that it works perfectly as a currency! and the increase in services and online stores that take payment in bitcoins is the best evidence that speaks about bitcoin as the best currency

[Impulseboy]

As far as stableness go, I do not think bitcoin is. It is highly unpredictable and seeing how many times the price went down, it is not stable enough as a currency. It also is not being used by more people as everyone in the crypto world expects and wants. But give it a few more years and it might get back up again like all other currencies.

[pokang13]

Bitcoin function well as currency because it is already beign used to buy items online.Many people use it also for faster payment transactions.If you have bitcoin, it means you have money.That's it!

[Ethan Argu]

It is a digital currencies that you can use of mode of exchange and its continuing develop atm's in some country . Some country are accepting bitcoin especially on the tourist country. No hassle free just by sending using your mobile phone. Everything will be easy.

[Antony85]

Bitcoin is a currency, on the other hand, Bitcoin is also a distribution network distribution (peer to peer). You can send Bitcoin directly to other people without intermediaries, the cost is very low, even zero.

[dilemamis]

I would say that i don’t think bitcoin functions to well as a currency, this comes down to the fact that there isn’t much adoption at all from companies to accept bitcoin, which is vital to the success of bitcoin. Also, when the market becomes congested fees get too high.

[maminelly]

this is a very correct question,the problem is that bitcoin has a huge number of technical flaws ... i doubt very much that this will be used as an alternative, and over time and a substitute for the dollar and any other real currency. i adhere to the point of view that if the Crypto-currencies and oust the usual money, then at the head of the world economy there will definitely be no bitcoin....

[Janation]

bitcoin has shown many times that it works perfectly as a currency! and the increase in services and online stores that take payment in bitcoins is the best evidence that speaks about bitcoin as the best currency

Do you even know what currency means? Currency are the fiats that is being used on every countries as a payment. With the volatility of Bitcoin, I don't think it will ever be a great fiat or currency.

Bitcoin may be a best investment, a best digital currency but I don't think it will ever be a perfect currency.

[Dana-pasar]

I myself still don't know for sure, bro. because in my country in Indonesia the use of bitcon as a currency is still banned or considered illegal by the Indonesian government. but if I see the news I've read. bitcoin It's great to be a currency ..

[Tszone]

 Bitcoin arguably satisfies the first criterion, because a growing number of merchants accept it as payment. But it performs poorly as a unit of account and a store of value. I think bitcoin is not yet what the world actually wants it to be in order to be recognized as a currency.

[Wobweb038]

It's an entire of oversights to have an outlook that bitcoin isn't a cash, since it's not utilized in business exercises as much as the significant fiat monetary forms. That is a misconception, as I would like to think

[RianDrop]

Yes, you named it! These are the reasons why bitcoin is a currency. But you missed one thing, bitcoin is a currency because it fits the criteria pf being a currency by the federal which is responsible for it.

So this is a currency and perhaps the best currency ever invented!

[AntiMage007]

Successful currencies meet three criteria:

(1) they are in widespread use as medium of exchange
(2) they serve as unit of account
(3) they are a stable store of value.

Most sovereign currencies fully meet all three criteria.

What about Bitcoin?

1. Medium of exchange. The main criteria for something to function as a medium of exchange are that it be robust and portable, Since BTC are virtual, they obviously fulfill these functions.

2. Unit of account. A unit of account needs to have a stable value.

[*kimcil*]

Bitcoin increases it with internet usage. Now, we can make online transactions using bitcoin. We only need to wait for the merchant to accept it. I see many companies still doubt but somehow they will also improve. Instead of making their own coins, it's easier to use trusted ones.

[0t3p0t]

Successful currencies meet three criteria:

(1) they are in widespread use as medium of exchange
(2) they serve as unit of account
(3) they are a stable store of value.

Most sovereign currencies fully meet all three criteria.

What about Bitcoin?

As of this time Bitcoin is more popular as an investment asset and not as a currency wherein it is really what is intended to be by the legendary founder Satoshi Nakamoto. Though it is not known by late comers as a currency but still the community knows it's purpose of existence and I myselfuse it as a currency to buy prepaid loads for my data connection and I find it convenient because it is super fast unfortunately Bitcoin is unstable due to volatility.

[mooccowmoo]

But I think over time, bitcoin will be able to function as a full currency. Only for its development in the world requires more time.

[Kekenapep]

Btc is obviously a currency,just a decentralized one which makes it a whole lot better as customers decide its worth...
Btc is also international
Btc is cheap and fast..

I think it qualifies as a currency