Is Bitcoin Worth To Be Currency?

[jonatuzc]

More than anything. Crypto currency's weakness as a means of exchanging goods and services is its volatility. A volatile currency won't be adopted by merchants in their businesses. But tthe same volatility is the advantage of crypto currency as an investment. I just hope it becomes stable soon so we can see adoption.

Volatility is not a weakness because in this way the price can grow even more depending on the supply and demand so we can expect higher prices in the future since the statistics in the market is increasing in a fibbonacci sequence.

It can be consider as online banks or the place where we can store our money. Maybe in future when the price stop increasing and become stable not only people but government also accept it as currency and use it in our daily basis.

Bitcoin is a digital currency and is always acting as currency which can be used for different purposes both as an investment source and payment mode.

If you have Bitcoin right now then look at its market value and then tell others that you have precious coins though stored in digital form but works well than anything. Now, German banks are using it as loan payment so the cloud is growing and expanding with the passage of time.

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[quality.crypto]

I think bitcoin can be categorized as money because bitcoin has fulfilled some requirements to be money in economics, such as having value on other goods, can be used as store of value, generally accepted, etc.

Directly they will implement Bitcoin as cash but we can use them for online stores for payment, in the coming days it makes easier for us holders we use them anywhere in the world. In the coming days, many stores will start accepting the Bitcoin as one of the payment methods.

[gurupauts]

in my opinion, bitcoin can be used as a currency if all countries can accept and support bitcoin because if all countries support the price of bitcoin will be stable and can be used as a currency and will make us easier to use

[mcTether]

Bitcoin worth the tag of a currency since it can perform almost every function you would expect of a currency. There should be no counter opinion about it.

[TheClownSong]

I believe Bitcoin will be considered as a legal form of digital currency worldwide and may small establishment will accept these. As we look into its concept and platform, we saw its potentiality around but some government authorities still doubt of these and some thinking of huge money laundering happen. And some worries that, crypto won't stay long for us and causes only economic threats to us.

Bitcoin have a potential and can be a global currency and used in many country in the world. Many advance country already accept bitcoin as payment and more country will follow this step. I am believe bitcoin can be currency and it will help tourist much

[Shimmiry]

Sure, it is our treading currency and It will replace fiat currency one day

Yes probably. Especially today that it is famous and more and more people wanted to engaged with this. Its popularity is boosting today therefore we can really see the huge possibility of it being famous worldwide and this will be the stepping stone for it to move forward amd replace fiat.

[deppil]

I think bitcoin can be categorized as money because bitcoin has fulfilled some requirements to be money in economics, such as having value on other goods, can be used as store of value, generally accepted, etc.

Whatever the function of bitcoin before and whatever people's definition of bitcoin. whatever deficiencies are obtained from that
payment method. if you can use bitcoin to shop/spending and people accept payment with bitcoin. I think bitcoin is worhted to become a currency

[contactmike1]

Yeah, bitcoin worth to be currency, we use it as a medium of exchange as a store of value and as for volatility it is really high, but once market will be regulated and total market cap will increase to 5-10 trillion, BTC price will be less volatile and people will call BTC true currency. I believe it will happen, what is more, it seems to me that some countries can buy BTC as a gold reserve and in this case we can easily call BTC as a currency.

[cintamoni]

I think bitcoin can be categorized as money because bitcoin has fulfilled some requirements to be money in economics, such as having value on other goods, can be used as store of value, generally accepted, etc.

Your post is good and i appreciate. Its to much hard to accept bitcoin as a currency. For me  it should not be a currency especially global since its volatile and can not be trusted.

[centimentalking]

I think bitcoin can be categorized as money because bitcoin has fulfilled some requirements to be money in economics, such as having value on other goods, can be used as store of value, generally accepted, etc.

There's a lot of disadvantages of bitcoins it can be stole, it can be hacked we can lose plus most of countries has restricted to using bitcoins so maybe it can not be called a currency it should remain Internet's money.

[Btcmaeng18]

At the same time, I can only join one project, but I can join 2 types of campaigns. Like signatures and Facebook or Twitter campaigns at the same time and in the same project. I think Twitter and Facebook are not so heavy in their duties, and I also still have free time from my assignment during the signature campaign. So at that time, I used to join another campaign to make more money and profit.

Well when I started, i used to concentrate on one particular Bounty projects, but when I realize that there are so many exciting ICO projects out there that have what it takes to succeed. I decided to participate bit by bit. Now I can run up to 4 projects effectively while carrying out different task in the campaign. I think the stress isn't much if you are used to it and I also think the stress is worth it especially if you're participating in signature, translations and some other campaigns that have High percentage of token allocated to it. You can give it a try.

It's our duties to participate in campaigns such as bounties, facebook ,twitter and etc. We're the one who would like to choose which reliable to us and in my choose is only bounty program in where it has a bigger allocation to distribute tokens. It's more stressful for me to join another campaign so I only focused in only one program.

[galambo]

What i think is bitcoins are not worth to be a currency rathar then having huge plus points and financial benefits. Actually bitcoins do not fit the criteria for setting up as currency. It is rather a good decentralised currency having all those benefits and features we all want here. The ubstable markets for decentealised currency makes the coin go much popular amongst the traders.

Benefits like mining, trading, anonymous gambling, etc gives us a lot of benefits as there are a number of ways to make our lives financial stable. If they are made a currency all these features will be then vanished which would not at all liked by the community here.

So let bitcoins stay as they are and they will make us happy. Instead legalising bitcoins can be a major issue and can be beneficial for us.

[dat.ho12492]

What i think is bitcoins are not worth to be a currency rathar then having huge plus points and financial benefits. Actually bitcoins do not fit the criteria for setting up as currency. It is rather a good decentralised currency having all those benefits and features we all want here. The ubstable markets for decentealised currency makes the coin go much popular amongst the traders.

Benefits like mining, trading, anonymous gambling, etc gives us a lot of benefits as there are a number of ways to make our lives financial stable. If they are made a currency all these features will be then vanished which would not at all liked by the community here.

So let bitcoins stay as they are and they will make us happy. Instead legalising bitcoins can be a major issue and can be beneficial for us.

Exactly, even if bitcoin deserves to be a currency, I still would not support that idea because it would make bitcoin gloomy and lacking in investors when people just use it as a currency, no longer a place to invest. And the most important thing here with this change is that we can no longer make money, dream of becoming millionaires and earn extra income with crypto to be destroyed, I do not think people will be happy when they face the situation, they take a hammer and then throw it at their feet, it is unwise and painful action

[Vritesh]

No i don't think so that bitcoin is worth to be currency because if in anycase it will become currency then no scope for investment will be left. People invests in bitcoin to earn number of profits and make the money double. And this will not be possible if bitcoin will become currency. So according to me bitcoin is not of the worth to become currency.

[melch100]

No i don't think so that bitcoin is worth to be currency because if in anycase it will become currency then no scope for investment will be left. People invests in bitcoin to earn number of profits and make the money double. And this will not be possible if bitcoin will become currency. So according to me bitcoin is not of the worth to become currency.

And aside from that many countries don't want to make it as a currency because it will be a threat and they cannot be able to control it. So for me I think it is not worth be a currency.

[Genamant]

In my point of view bitcoin is already a currency , a digital currency.
But unfortunately because of its volatility it cant be legalize or formalized rather as a currency like peso ,dollar,euro ,etc.

[gilangIDR]

Yes, Bitcoin is designed as a currency. Now Bitcoin has begun to be applied in various financial systems in the world.
Slowly, I am very optimistic that someday Bitcoin can become one of the major currencies in the world.
Even in the future all financial transactions will be digital and that is a very good start in expanding Bitcoin coverage.

[Ahimoth]

In my point of view bitcoin is already a currency , a digital currency.
But unfortunately because of its volatility it cant be legalize or formalized rather as a currency like peso ,dollar,euro ,etc.

Bitcoin is digital currency, and I think it has potential to be a currency but the only problem is what country will accept digital currency since it is not fixed its value. If the value of Bitcoin is become fixed then possible it will be currency but since its fluctuates it hard to be a currency and the government will not allow it. Bitcoin have the highest value in cryptocurrency and its price is always changing which is the currency in other country is fixed.

[bitbunnny]

I already use Bitcoin as a currency and payment method so to my opinion there is no doubt Bitcoin is a currency.
On the other hand some experts think that Bitcoin can't be considered as a currency because it's not issued by central financial institution, so central bank and it isn't under some central control and regulation.
But as Bitcoin and other cryptocurrencies are growing and taking more and more relevant place in everyday use and economy I think such opinion might change in the future.

[Chrystora123]

Bitcoin has whatever that qualifies an entity to be a currency. It can be used just as normal fiat currencies. It is only a decentralized and digital currency.

I don't think it's a problem if you call Bitcoin a currency or some other person who says Bitcoin is a crypto asset, but in my opinion Bitcoin hasn't fulfilled the requirements to be called a currency, I better agree Bitcoin is referred to as crypto assets...