Do you think Bitcoin matured as a currency?

[LUCKMCFLY]

As far as bitcoin is concern, it is not seen by most people as a currency. Regardless, it is still seen to be among the top used currencies in the world. The digital coin may not have matured as a currency due to its volatility, but it can still be regarded as a form of currency.

Officially, bitcoin has not yet become a currency, but in reality it has functioned as a currency in the community that agreed to accept bitcoin as a means of payment.
As long as the government has not declared bitcoin as a currency, it cannot be an official payment tool between governments. But for 10 years after being created Bitcoin has increasingly found its identity, among others, as it is currently correcting prices to a fair nominal. I am sure, more countries will accept bitcoin for next year.

It is unlikely that a government declares it as a currency, because they do not have control, like banking, Bitcoin is decentralized in nature, it has suffered many attacks, however it has emerged in the midst of all that. There is a lot of history in bitcoin, its graph proves it, many have bet that it is a bubble, but seeing the success of the currency, they can not find a way.

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[Rorouni]

Yes, with lightning network, onion routing and amtrex symtex trees, all really is needed is mass transactions upwards of 800,000 a day scaled and with south Korea and other countries making it main electronic spending, the physical dollar days are numbered.

[Duzter]

Bitcoin hasn't got matured to be used as a currency, but it has got the importance as a global currency. To be mature as a currency it is supposed to travel long, and this can be determined only after certain time period without which it is not at all possible to come up with a perfect solution on this.

[Faxmate]

Its hard to Judge because bitcoins biggest drawback I feel is its stability in the market, It has the capability to go over the moon but if the drop happen it does down massively which is suppose to be a big jolt. bitcoin is decentralized and that's the reason a lot of countries are scared of.

So to fight with dump we will have to hold and be patience at the same time to deal with pump we will have to remain active and sell at high price, latter on we can invest again at low price, but don’t lose your hope as there are so many investors who are investing and using bitcoin as currency at time of need we can buy everything with it without any issue.

[oegarod]

Its not matured enough to be considered by the government to be a legal currency in the financing system now,bitcoins has a long way to go to achieve this kind of stuff.Having stability will be the best resolve for that for bitcoin to be considered to be implented as main currency

As a legal tender of exchange it hasn't gained importance. But technically it is matured to be used as a currency. There were more people who prefer it for cross border transactions which takes a lot time as well a big process with the banking system. This way it is good to eliminate the use of banks. When something does the work of a bank it can be mentioned as a currency.

[oriontab]

One of the desirable characteristic of a currency is its relative stability over a given period of time. This is one of the most challenging argument against bitcoin's growth as a currency. Honestly, btc has not fared well in this regard.It has been more of an asset than it was as a currency.

[hulla]

As far as bitcoin is concern, it is not seen by most people as a currency. Regardless, it is still seen to be among the top used currencies in the world. The digital coin may not have matured as a currency due to its volatility, but it can still be regarded as a form of currency.

Officially, bitcoin has not yet become a currency, but in reality it has functioned as a currency in the community that agreed to accept bitcoin as a means of payment.
As long as the government has not declared bitcoin as a currency, it cannot be an official payment tool between governments. But for 10 years after being created Bitcoin has increasingly found its identity, among others, as it is currently correcting prices to a fair nominal. I am sure, more countries will accept bitcoin for next year.

If you ask me I tell you that Bitcoin was officially declared as currency cause some governments (in EU region,Asia,Canada,Malta etc.) has declared it as legal tender but not in every countries and for government to accepted something that will give people liberation from their power for me Bitcoin is already a currency.

In terms bitcoin been mature as a currency I think yes, I know things are yet to be put in place but due Bitcoin strength during the government FUD I believed Bitcoin is mature enough.

[rollingstorm45]

Bitcoin is currently in the currency category in the digital, even though you say up, (In 2017/2018 with the sharp increase in the price to the ATH of $18 000+) to be a legitimate currency like one country's banknotes I think it's difficult at the moment. You know all countries already have their own currencies.

it is very difficult to be able to become a currency, some countries are not ready for that, because some obstacles still exist, one of which is the uneven spread of bitcoin in all regions, not yet ready for some countries to accept bitcoin as the currency and most importantly because each country has different conditions. so the biggest possibility is that bitcoin is only an alternative currency that can be an option for some countries that experience excessive inflation.

[Choyor]

For now, Bitcoin has not yet reached this stage, because there are still many crypto traders using it as their assets and people want Bitcoin as an investment rather than as a currency. Extreme volatility and stability make Bitcoin not wanted as a currency. However, some people use it as a transaction tool.

[BeGoods]

Bitcoin hasn't got matured to be used as a currency, but it has got the importance as a global currency. To be mature as a currency it is supposed to travel long, and this can be determined only after certain time period without which it is not at all possible to come up with a perfect solution on this.

You right, Bitcoin is still very young, there are still many problems that exist in Bitcoin. starting from fees, lack of acceptance, length of confirmation, and so forth. bitcoin hasn't matured into a currency yet, it takes a long process for it, but now bitcoin remains a global currency that worth to using

[BigBos]

For now, Bitcoin has not yet reached this stage, because there are still many crypto traders using it as their assets and people want Bitcoin as an investment rather than as a currency. Extreme volatility and stability make Bitcoin not wanted as a currency. However, some people use it as a transaction tool.

well, maybe even bitcoin is still far enough to be said to be the perfect currency, because the perfect currency is when the price doesn't go up and down. however, bitcoin has great instability, making it far from the matured currency.

[loopes]

It's not mature yet, but it will. The fluctuations and the volatility is caused by the low liquidity of it. Bitcoin is not spread evenly yet, there are some people still has big amount of bitcoin which if they sell most of their bitcoin then the price will fall, but usually market will naturally achieve its stability. So don't worry to become long time holder.

[pushups44]

No, I don't think bitcoin has shed its reputation as a speculative asset, because it is still highly volatile. Investors are also having a relatively difficult time gauging its true value, thus leading to volatility. However, as an asset it is definitely maturing, with institutional investors and custodial services coming online. I also believe that bitcoin will eventually resolve its scaling issues. Over time, I thus expect the price of bitcoin to stabilize.

[deisik]

I don't think, but I believe Bitcoin matured as a currency. It's true there was volatility on end of 2017, but it doesn't prove that Bitcoin is not a matured currency. We can see now, its stable during more than six months. World's forwarding to digitalization and obviously digital crypto-currency is the part of digital revolution. At this point Bitcoin is enough matured in my opinions. Never mind occasional volatility, sometimes it might happen. Once a day Bitcoin will rule on currency world, not only crypto world

Bitcoin's use as a currency didn't expand a lot in the last few years. People were euphoric about cryptocurrency prospects in 2015 but we are still where we were back then (by and large). And don't let yourself be fooled by allegedly "stable" prices because they are as stable as folks lying in the graves in the churchyard (read, there is nothing particularly good in this "stability")

There is neither sufficient supply nor demand to move the market in either direction which can be easily seen by the declining trading volumes. Definitely not something which you would expect from real growth or adoption. And technically, in the last 6 months Bitcoin crashed almost 2 times - from over 6k in November 2018 to below 4k now (actually within just 4 months)

I'm not sure if that can be counted as stable prices at all

[LeGaulois]

I will echo most everyone's opinion, I don't think Bitcoin matured enough but at the same Bitcoin is just 10 years old. Too young for what it's supposed to change in a worldwide economy.
Though we have multiple ways to buy, to pay, to store our bitcoins there are not a lot of people effectively using it as a currency (even among the crypto community).
Perhaps in 10 or 15 years, the thing will be different

[Utuhikan]

In my opinion, bitcoin is still far from maturity to become a currency. The very volatile bitcoin price is very risky to bring down the economy. I think that a good currency is a stable currency. But it does not rule out the possibility that someday bitcoin will become more stable and last several years. If bitcoin is more stable then bitcoin is very easily trusted to be the real currency. This makes bitcoin more easily recognized legally.

[denzkilim]

In the 3rd & 4th quater of 2018 up to Jan 2019, we have experienced a correction from that ATH and we are seeing much less volatility in the price. <The price hovering between $3500 and $4000>

Honestly speaking there are a long way still to go for bitcoins to be accepted as matured currency. The key factor of a currency should be it's less volatility but currently or till now predicting this from bitcoins is not wise.

bitcoins are now around $3500 but no one know what will be the price value after a week. But consider the price between dollar/euro or dollar/pound it's predictable that there will be no big difference in near future in value.

bitcoins is still something good for investment but not everyday currency. May be Lightning Network will improve the Bitcoin and change the way we see bitcoins now.

Please see why I use bitcoins every time instead of Bitcoin 🙂

It will be hard for merchants to accept a volatile asset as a currency or a means of payment for them, Bitcoin will start being used as a currency when the majority of the merchants or service providers will accept it just like they accept fiat or paper money. I think it is too early to say that Bitcoin already matured as a currency and the volatility will never be lessened like what other people here think, Crypto Currencies are decentralized and no one controls it and anything can happen in a short period of time, the level of risk in this industry is really high.
Bitcoin is still an investment medium or a speculative asset that we are using right now and there are no signs that it will soon become a real currency like fiat does.

[Best Dreams]

Bitcoin hasn't got matured to be used as a currency, but it has got the importance as a global currency. To be mature as a currency it is supposed to travel long, and this can be determined only after certain time period without which it is not at all possible to come up with a perfect solution on this.

You right, Bitcoin is still very young, there are still many problems that exist in Bitcoin. starting from fees, lack of acceptance, length of confirmation, and so forth. bitcoin hasn't matured into a currency yet, it takes a long process for it, but now bitcoin remains a global currency that worth to using

All those problems you have mentioned are almost vanished because it is now acceptable all over the world as currency and as payment, now bitcoin has very low fees as compare to profit gain, so I think bitcoin is already mature enough that no one faces any problem using it and no one hesitates accepting it.

[faceoff97]

We're not there but we're going there, we have seen tremendous changes it was first introduced. There is no denying that it keeps on developing we are seeing how it matured through time. I believe that time will really bring real maturity to it as a currency knowing how the community continuously grow and support all aoect aboutits development. In time, it will be known to be the best established currency.

[Altero]

We're not there but we're going there, we have seen tremendous changes it was first introduced. There is no denying that it keeps on developing we are seeing how it matured through time. I believe that time will really bring real maturity to it as a currency knowing how the community continuously grow and support all aoect aboutits development. In time, it will be known to be the best established currency.

Yeah, it takes time for that and that's so very exciting cause we even don't know when and we are in full of surprises.
Bitcoin is on the grow, it far beyond from its existence if we all committed to support this currency. Though its not the intention to replace fiat but it might be a big competitor by then. We are all looking forward for the best of everybody  and this kind of digital currency might fulfilled with it.