Is Bitcoin still a people's currency?

[jameshugo17]

There's no money worth 7000 dollars. Bitcoin can be worth the price but with this store. People see bitcoin as an investment instrument. The instability of the Bitcoin price scares people. Offers an opportunity for people. And that attracts people. Uncertainty excites people.

[FlightyPouch]

There's no money worth 7000 dollars. Bitcoin can be worth the price but with this store. People see bitcoin as an investment instrument. The instability of the Bitcoin price scares people. Offers an opportunity for people. And that attracts people. Uncertainty excites people.

Why would it excite people? If we will be talking about using it, that would really annoy people since they will not adjust that quickly with the changes. In terms of investing, despite a lot of people being patient, there are still a lot of people thinkong that this is a huge risk and they should be careful im dealing with it. Yes it is exciting but just when you see it is progressing not falling.

[fiulpro]

First things first , bitcoins or anything here cannot survive without people , they use it , that's why it's there and the thing is even if the popularity of bitcoins will decrease in the near future , it won't die , because right now it's roots are embedded too deep in the market and it's providing jobs for a lot of people who are not being able to get anything through the government sector and that is a really good thing that they are able to work this way .
It is still for people and it will remain to work for people .

[maxreish]

I thought that Bitcoin might become one of the currencies used by people when the fiat systems collapse, but I think this will only be a minor use. I believe that fiat cash will be used for a while, and silver coins could become a longer term solution. Of course it all depends on the cryptos that are introduced by the various governments, and whether there will be any trust in them.

Fiat has a strong power over bitcoin and other digital currencies because it is centraized and under government's system. For now, bitcoin is not fully used as country's alternate currency as expected by many. Let's admit it, it is widely use as a store value and/or investment and not digital currency as it is.

[dimastegar]

I thought that Bitcoin might become one of the currencies used by people when the fiat systems collapse, but I think this will only be a minor use. I believe that fiat cash will be used for a while, and silver coins could become a longer term solution. Of course it all depends on the cryptos that are introduced by the various governments, and whether there will be any trust in them.

Again and again, Bitcoin is one alternative payment method. Bitcoin is only for Bitcoin wallet owners. And people who know about the use of crypto. And that is the reality. It takes something to introduce Bitcoin and crypto as a whole to the laity.

[Dart18]

It is a heart breaking reaction when you are a full supporter of Bitcoin.
I feel you there bro.

We cannot stop those media outlets that had been spreading lies of what Bitcoin really is.
But we can do something.
Spread more than how much they are trying to do.
In that case, we have a chance to shed some light to those who was filled with darkness of the media and the government.
They are all against it for it gives chances to the poor to get up once again.

[Republikcoin.com]

I agree with the statement that bitcoin will be an option when the fiat system collapses. it is proven by looking at the economic crisis in a country. some big businessmen turn to bitcoin or cryptocurrency to save their assets. however, FUD has no influence on this matter.

until now the development of bitcoin is still happening, no matter the media giving FUD news like anything. it is better to focus on gathering these assets before they also start. the thing that I believe is that bitcoin will continue to grow and will most likely be made as an alternative payment in the future.

[crossabdd]

if the governments of each country would make their currencies through the blockchain network, it could be a solution that decentralized crypto like bitcoin would still be accepted throughout the country. because both of them stay connected. Bitcoin is currently used for crypto trading. and its value increases, it will be the same as you say. the potential to save wealth assets, and make a thick personal wallet. and when you want to take it, then you can convert it to the government's centralized crypto. wherever we are in other countries.

[BitcoinHunt3r]

Maybe in future, what will be use of bitcoin people will keep support it. Although it can't be currency, bitcoin can be investment. Cryptocurrency like bitcoin, so far still flexible, it can be something that still be used although what some people want it to be is not happen. That is why i keep stick with cryptocurrency especially bitcoin.

Keep support when bitcoin existing with higher price only, but when bitcoin keep with lower price every one will left bitcoin because not profitable anymore, the same thing like ICOs investment project when giving much profit with higher price after coin listing many investor glad for investing with ICO, but look after many ICO failed how many people still remember and want join with  ICO.

I hope maybe there are a lot of people who still support bitcoin in every it's condition. Especially for me who know bitcoin when it is less than $200. And in past there are already a lot of people who know bitcoin since it's lower price. Actually i only can say i believe they will keep support bitcoin although it get dumped. And i will be 1 of people who do it.

[Beparanf]

if the governments of each country would make their currencies through the blockchain network, it could be a solution that decentralized crypto like bitcoin would still be accepted throughout the country. because both of them stay connected. Bitcoin is currently used for crypto trading. and its value increases, it will be the same as you say. the potential to save wealth assets, and make a thick personal wallet. and when you want to take it, then you can convert it to the government's centralized crypto. wherever we are in other countries.

It can still be considered people's currency in a way that everyone is able to use it fairly with same amount and with same rules and process. It just that government in different countries implements their own rules and sets new limits that hinders to others to use it. In my country it is only been popular now and still many didn't know it. The fact that it can be use by anyone if only no rules were set can still consider btc as people currency.

[kotik085]

Today, many do not know and do not fully understand bitcoin. In order for this to happen, you need to do in the use of bitcoin in a wide format and then, they will recognize bitcoin.

[Asmonist]

I think for now its not the basic means to exchange for goods or the main currency. But fortunately, its part of people's options to earn it and exchange for fiat or local currencies. However, digital paltforms are also growing and people are making money online, having businesses online so basically there forms of payments and settlements are conveniently thru online. Bitcoin and crypto is part of it and its happening already.

[longyenthanh]

There's no money worth 7000 dollars. Bitcoin can be worth the price but with this store. People see bitcoin as an investment instrument. The instability of the Bitcoin price scares people. Offers an opportunity for people. And that attracts people. Uncertainty excites people.

There is no money that is worth 7300$ today and was 3800$ on 1st March 2019. Is it wise to say that global fiats will crash one day? I mean who gave a surety of that? Even if fiat crashes, bitcoin is in no position to replace fiat as its too volatile, have a high transaction fees and settlement time. Tune-up bitcoin first if you wanna see him replacing fiat.

[yehestielsiburian]

Indeed, it will take a long time for bitcoin to be accepted worldwidly. The current process now is that a lot of people will join bitcoin community and it's gonna be so famous day by day till the government will accept it as soon as possible.

There are several countries that have recognized bitcoin, and have legalized bitcoin.
In my own country, Bitcoin is already legal and recognized.
Slowly but surely, the world will recognize and start using bitcoin.

[samuraijin]

some interesting news I saw on youtube when many countries will not use dollars, is this what is called a fiat collapse so that entry within seconds will collapse as a whole, if that happens the dollar is not used again by some countries will become worthless, I'm waiting for this to happen maybe it will benefit bitcoin as a currency but not for small people if the value is high, it could be others like Libra or Ethereum used as a currency for small people, bitcoin is still the currency for all people supporting crypto

I have been able to read some article about that fiat collapse in which the natural currency of the of the country has been collapsing and because of it they are using dome digital currency in order to be used as their own currency for a month and etc. That's right if the fiat collapse all over the world then probably it would be a hard time for those people who only used fiat in order to support their daily needs but for us crypto enthusiast it would be good and better because we already know how to use cryptocurrency or digital currency in many aspects.
People will use bitcoin,litecoin, ethereum, and libra for them to be their personal currency in the future and it is very good for us then.

luckily for us who already know how crypto currency works and often do online payment transactions, so if it is applied as a people's currency I think it would be really fun to be the currency in the country we live in, this hope might be in the minds of all crypto supporters , but speaking of Libra, I want to see if it really succeeds later next year

[crisanto01]

some interesting news I saw on youtube when many countries will not use dollars, is this what is called a fiat collapse so that entry within seconds will collapse as a whole, if that happens the dollar is not used again by some countries will become worthless, I'm waiting for this to happen maybe it will benefit bitcoin as a currency but not for small people if the value is high, it could be others like Libra or Ethereum used as a currency for small people, bitcoin is still the currency for all people supporting crypto

I have been able to read some article about that fiat collapse in which the natural currency of the of the country has been collapsing and because of it they are using dome digital currency in order to be used as their own currency for a month and etc. That's right if the fiat collapse all over the world then probably it would be a hard time for those people who only used fiat in order to support their daily needs but for us crypto enthusiast it would be good and better because we already know how to use cryptocurrency or digital currency in many aspects.
People will use bitcoin,litecoin, ethereum, and libra for them to be their personal currency in the future and it is very good for us then.

luckily for us who already know how crypto currency works and often do online payment transactions, so if it is applied as a people's currency I think it would be really fun to be the currency in the country we live in, this hope might be in the minds of all crypto supporters , but speaking of Libra, I want to see if it really succeeds later next year

For me, fiat still the worlds' currency and it is not yet replace by a cryptocurrency, but when we are talking about the crypto, of course Bitcoin is still the favorite of all people and the king of all crypto. For Libra, I am not even hearing it in the news lately, what happened to it? They are always delaying its launch.

[Asuspawer09]

I've been discussing Bitcoin in a couple of forums, and I'm shocked by the vitriol and anti-Bitcoin passion that I'm finding. It seems that the mass media FUD has turned away the very people who could benefit most from Bitcoin. In contrast, Bitcoin is becoming stronger every day, and is moving towards becoming a store of wealth, and it seems to be moving into the ambit of the rich and the knowledgeable. I'm giving up on Bitcoin evangelism, and concentrating on fattening my wallet.

I thought that Bitcoin might become one of the currencies used by people when the fiat systems collapse, but I think this will only be a minor use. I believe that fiat cash will be used for a while, and silver coins could become a longer term solution. Of course it all depends on the cryptos that are introduced by the various governments, and whether there will be any trust in them.

As the time pass i think bitcoin was still on its way to conquer the world and slowly influencing a lot of people, I still we still have a long way since in a lot of countries technology of bitcoin was still not a thing to implement since they already get used to fiat money. I think bitcoin was still a people currency in a lot of ways but still, for now, the bitcoin was not yet on the currency thing but still just a digital cash that is better for investment not for what it is made of digital cash. What we could do is influence people in bitcoin so that it could help us to spread bitcoin and that way we could achieved the bitcoin era.

[dimox]

im not sure if people use crypto as currency. when fiat system down, people will back to the previous system, and we never know about bitcoin, it can still be asset or we can use it as secondary currency. but what i know, people use cryoto for their profit, as digital asset. im afraid when the time come true, people not and never ready to spend their crypto for daily

[iamsheikhadil]

Bitcoin is indeed peoples currency for the fact that it is the money to bring privacy and transparency to the ecosystem and financial markets and all. It's like saying is if email will be used by people instead of postal mail because media is so anti technology? People will soon learn the better of crypto.

[Polar91]

There's no money worth 7000 dollars. Bitcoin can be worth the price but with this store. People see bitcoin as an investment instrument. The instability of the Bitcoin price scares people. Offers an opportunity for people. And that attracts people. Uncertainty excites people.

No, there is, Bitcoin. if we are to always lock our selves to the conversion of bitcoin to USD fiat, then we will not develop further. We should see the value intrinsically from bitcoin itself without really comparing it to fiat in the future. Because there could be a time when we widely trade using bitcoin and the market price today would be disregarding concerning a huge market correction. Especially if the whole world will adopt to bitcoin as their main currency backed by different assets such as gold, fiats and more.