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Author Topic: Is Bitcoin Worth To Be Currency?  (Read 15653 times)
Kelvinid
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August 12, 2018, 11:49:11 PM
 #141

Bitcoin is already a digital currency and so, I would say yes, it worth it. But I do not describe bitcoin as just a mere currency. it goes beyond the currency we use for its description. I consider it as a digital assert. Everyone would want to have bitcoin. Even the FUDsters, aside the bad attributes they give to the coin, always would want to have some bitcoins.
Exactly.All kinds of people still prefer to have even one bitcoin because we know exactly how bright the future of bitcoin is.And yes bitcoin is already a digital currency,and will soon to be a global currency if all comes to understand how to utilize it and realizing all its potentials behind.

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Indai24
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August 13, 2018, 12:59:40 AM
 #142

Bitcoin is already a digital currency and so, I would say yes, it worth it. But I do not describe bitcoin as just a mere currency. it goes beyond the currency we use for its description. I consider it as a digital assert. Everyone would want to have bitcoin. Even the FUDsters, aside the bad attributes they give to the coin, always would want to have some bitcoin
Exactly.All kinds of people still prefer to have even one bitcoin because we know exactly how bright the future of bitcoin is.And yes bitcoin is already a digital currency,and will soon to be a global currency if all comes to understand how to utilize it and realizing all its potentials behind.

Bitcoin also was able to established the trust of many investors. The name itself is very interesting when some heard about it so bitcoin really is worth to be a currency.
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August 13, 2018, 01:41:57 AM
 #143

Why not. You can use bitcoin to purchase a lot of things you want, from food, clothes to an airline ticket. I dont see the reason why not.
A lot of countries are already accepting bitcoin as a payment for almost everywhere like Germany.
Also there are other coins that are made to improve sending and receiving crypto so maybe not only bitcoin but other cryptos could become a currency too.
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August 13, 2018, 01:46:21 AM
 #144

Bitcoin meets all the criteria to be a currency and even adds on to the features a currency needs to possess, most especially when it comes to security, fast transaction and low cost per transactions. Bitcoin as a currency enhances payments of goods and services online on a decentralized platform where users do not have to worry about the interruption of any middle man.

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calya
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August 13, 2018, 01:49:38 AM
 #145

Why not. You can use bitcoin to purchase a lot of things you want, from food, clothes to an airline ticket. I dont see the reason why not.
A lot of countries are already accepting bitcoin as a payment for almost everywhere like Germany.
Also there are other coins that are made to improve sending and receiving crypto so maybe not only bitcoin but other cryptos could become a currency too.
but it is still rarely.merchants that accept bitcoin as their payment still rarely to meet.for now on bitcoin acceptence still hard to happen in many country.
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August 13, 2018, 02:00:08 AM
 #146

Currency must have a physical form and bitcoin also has the physical form of coins that I have seen on youtube or other social media etc. By having a physical form, I think bitcoin is indeed worthy of being a currency, but here bitcoin doesn't have a center or no one can manage it. If the currency generally has a center in banking that is supervised by the local government, then what about bitcoin. If there is a government that can handle this on bitcoin, it is likely that bitcoin will become the future money.

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August 13, 2018, 02:24:50 AM
 #147

Why not. You can use bitcoin to purchase a lot of things you want, from food, clothes to an airline ticket. I dont see the reason why not.
A lot of countries are already accepting bitcoin as a payment for almost everywhere like Germany.
Also there are other coins that are made to improve sending and receiving crypto so maybe not only bitcoin but other cryptos could become a currency too.
but it is still rarely.merchants that accept bitcoin as their payment still rarely to meet.for now on bitcoin acceptence still hard to happen in many country.
Yes, not all but globally bitcoin is popular and I think because the world is marching to optimize the use of digital transaction as what already started in debit card, credit card and other cards that has been used in purchasing goods and services and bitcoin as the product of blockchain technology is is worthy to be a currency because millions of people are adapting it so chances is very high that more establishment in the future to adapt bitcoin as mode of payment too.

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August 13, 2018, 02:50:50 AM
 #148

Time will tell if it is worthy of being currency, by we at least we can have some idea what is going to be in the future but to fully recognize its value as a whole...we'll see, we'll cross the bridge when we get there as as saying goes, there still many things will happen that will prove if it worthy or not.

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South Park
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August 15, 2018, 10:07:36 PM
 #149

It is already a store of value.

Although it may go up and down, the volatility has decreased since last year.

On the long term, the major cryptocurrencies gain value.
This is a characteristic many forget, bitcoin is a store of value, it is not the best store of value because it moves with great volatility compared to fiat but for the ones willing to hold their coins for the long term the effects of bitcoin are clearly visible, I bought bitcoin when it was cheap and the chance it ever touches that price again is zero, so it does not matter how much bitcoin crash I will always be on profit.

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August 15, 2018, 10:15:50 PM
 #150

Bitcoin is a valuable investition, it is like investing in gold or diamonds, so always wealth was an expensive currency.
That, of course, is reflected in recent times. Investors are like lottery winners and win special prizes.
Yes.With the market price of bitcoin it has today,i'm sure all people will be crazy over bitcoin just to have even a single of it.Bitcoin has so much advantages like making transactions in a fast and convenient way.And the fact that the sender remains to be anonymous unlike fiat currency transactions.
We  must consider different things as well. Yes the price of. It was freaking high where even s single bitcoin can transform your life into something much better. Before we say it was worth it, there are many things that it need to past like the fiat currency. Its a long process where it needs to study first to know the possible good and bad things that it may caused to the country and the people.
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August 15, 2018, 10:24:42 PM
 #151

Yes as it is a currency develop or mined through a technological algorithm, not a ponzi scheme, I foresee a future where it will be accepted globally by all or more government agency in order to increase it value and also stabilize its existence
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August 16, 2018, 01:23:35 AM
 #152

Bitcoin has proven itself to be considered a currency. Over the years, bitcoin has evolved despite several negative speculations, bitcoin continues to come up top always. When many begin to appreciate the benefits of using bitcoin in various business transaction, this amazing digital currency can easily become a global currency.
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August 16, 2018, 01:49:27 AM
 #153

Yes! Why not? Of all things that bitcoin suffered, it does not decline. Though there are many people speculate bitcoin as bubble, it never devaluate nor destroyed. It is worth for me as a currency because above all crypto that exist in the market, bitcoin is the most dominant and simple cryptocurrency.

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August 16, 2018, 02:09:35 AM
 #154

Yes! Why not? Of all things that bitcoin suffered, it does not decline. Though there are many people speculate bitcoin as bubble, it never devaluate nor destroyed. It is worth for me as a currency because above all crypto that exist in the market, bitcoin is the most dominant and simple cryptocurrency.
Agree with you, whatever speculation and opinion someone has with the price and the bitcoin market. but as long as there are users who accept bitcoin payments, then I will try to use bitcoin as a currency and bitcoin is worth it as currency. bitcoin has facilities that most currencies don't have, and many people like that
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August 16, 2018, 02:28:32 AM
 #155

in my opinion,bitcoin is value in future,many people believe bitcoin to be very complicated ,infect its lot more simple and than what most people think to help everyone get the grasp of the basics and  over time also present other learning opportuneties
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August 16, 2018, 02:52:21 AM
 #156

Yes! Why not? Of all things that bitcoin suffered, it does not decline. Though there are many people speculate bitcoin as bubble, it never devaluate nor destroyed. It is worth for me as a currency because above all crypto that exist in the market, bitcoin is the most dominant and simple cryptocurrency.
Agree with you, whatever speculation and opinion someone has with the price and the bitcoin market. but as long as there are users who accept bitcoin payments, then I will try to use bitcoin as a currency and bitcoin is worth it as currency. bitcoin has facilities that most currencies don't have, and many people like that

If that's your point, then bitcoin was strongly a currency because it can do whatever usefulness that the fiat can also do. Users will increase if there's a support from our government, and also people will be learning about digital currency as well. Without enough knowledge, people will be hesitant to adopt bitcoin so as the other cryptocurrency investments. Bitcoin's advantages can be generally appreciated if a person has positive visions towards holding an asset that has greater potential to increase to profitable value in the future.
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August 17, 2018, 05:18:06 PM
 #157

Bitcoin has proven itself to be considered a currency. Over the years, bitcoin has evolved despite several negative speculations, bitcoin continues to come up top always. When many begin to appreciate the benefits of using bitcoin in various business transaction, this amazing digital currency can easily become a global currency.
Governments are getting desperate, they thought bitcoin was done for and now they are realizing things are not so simple and it is entirely possible they are going to lose the battle against bitcoin, many are imagining an scenario where bitcoin forcefully displaces fiat but that is not going to happen, what will happen is that the fiat system will collapse and bitcoin will simply fill the void.

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August 18, 2018, 01:12:25 PM
 #158

The definition in which you base your analysis on about the qualities of a good currency- as a medium of exchange, unit of account and store of value i believe is more than 50 or 100 yrs old as such may be obsolete or alterly fatuous, hence currency needs to be redefined inline with our great digital world of 21st century thus BITCOIN is qualified to be a currency.
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August 18, 2018, 01:14:42 PM
 #159

Bceм cпacибo зa инфy  Grin
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August 18, 2018, 01:50:12 PM
 #160

Yes of course, it is decentralized and market based digital currency, and since it has a value in the market bearing the top most coin, it is stable coin now, and that is why it is called digital currency because it is a currency.
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