Is Bitcoin still a people's currency?

[Wipeout2097]

Thumbs up,Informative statement.In my opinion Bitcoin is now global currency due t its worthy feature and benefits.Can transfer globally any one can from any where send and receive without any paperwork.

Having string value and increasing day by day,Its initially days to much volatility but stability came over the years.
There is n third party just you are own bank and utilize it as you want,either hold for long run,use it as medium of exchange and invest for passive income.

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[oktana]

if the fiat currency system collapses and ends with negative sentiment, then great attention will move back to gold.

Here bitcoin plays the role not as a fast alternative like currency, but as a powerful means of securing assets from extreme changes in global conditions, there will still be a long deflationary process in this case to at least open up space for new speculation between two different entities.

[Ozero]

It seems that Bitcoin was and will remain the currency of the people and for the people. The states used it very little, and in the future they will use even less. Now many of them issue national stable coins, that is, their digitized currencies and will support and use mainly only them. The main thing is that decentralized cryptocurrency is accepted by states and recognized as a means of payment. Therefore, she will find her niche for walking.

[GodRACE]

Bitcoin is even more than people's currency because it has grown to a level where it is getting stable as it now as a trend.

Bitcoin is more than people's currency and is still very much acceptable and very soon, we'll see mass adoption as it now used for mining, and now that De-Fi platforms are emerging, bitcoin will soon become the general identity of finance.

[cutesgirl]

Still haven't new coin coin become competitor for bitcoin make keep safety on the first place for bitcoin and have higher price than other coin, maybe when have new coin can be listed with higher price and take profit for many investor bitcoin will allowed his on first position give to other coin, but waiting for which one the best and potential coin become competitor for bitcoin.

[Bim abk]

forms of rejection are always there but it does not have much effect for bitcoin, because every year bitcoin can grow well even though there are obstacles during its development. maybe bitcoin is not currently widely seen by many people, but I'm sure with the increase in technology the system will continue to change including the transaction system. Maybe the current rival is fiat currency in digital form, which is more dominant in my country

[Mpamaegbu]

Bitcoin doesn't give the much profit these days as its volatility has dropped. The excitement isn't there at the moment and I guess that could be a reason why some are bashing Bitcoin. Thus, the anti-Bitcoin chants. I have seen certain altcoins give tremendous profit within a short while and transaction speed is top notch - Thorecoin for example.

[BeManga]

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.

well fiat system is really collapsing since a long time ago
the value of fiat is decreasing by a small margin that's why it's hard to notice
only if you will compare the fiat value today in the past you will see the difference
this is because of the uncontrollable money supply unlike bitcoin that have fixed and halving every 4 years

[GodRACE]

The first Proof of Keys day took place last year, on 3 January 2019.

Today is an important day in the crypto space as it marks the another anniversary of the creation of the first Bitcoin block, the Genesis block.

The proof of Key day always celebrated by Trace Mayer is a day that reminds us to always store our keys safety because of this slogan which goes thus- Your Keys = Your Assets.

Storing your bitcoin is very vital that is why non-custodian wallets like Atomic wallet  are the best options for storing and safe-guarding..

Happy Birthday Bitcoin.

[Artemis3]

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.

What are you talking about? the satoshi is the coin of the masses, and bitcoin belongs to the elite.

Actual silver coins have the very same problem of gold coins. In the physical realm, they can be counterfeited, and not everyone will be able to verify (in real time) that their coin weights exactly what it should, or is completely made of what it should. This built-in verification does exist in Bitcoin.

In any case a coin is only a means of storing value. It did not come to "redistribute" wealth. Sure it did help a few early believers, good for them, but for the masses, it will always remain a legend. The difference is Bitcoin brought us a coin that that is separate from the State, a coin that doesn't lose value overtime. We can use it or not, nobody is forcing us anything, unlike the State issued fiat...

[akirasendo17]

as I can see bitcoin is use by lots of people , specially the millenials if its keep on growing and other people use bitcoin, it will still peoples currency although there is chances that other tokens coins will compete with it because there is a lot of chance that it will happen, since being use by the community gives it a chance to be more  expensive

[Boov]

storage of assets in digital form such as cryptocurrency seems to be a trend of the modern.
cryptocurrency was chosen as an alternative to gold.
but on the security side, the digital world is not 100% really safe, we as cryptocurrency users who for a long time certainly know about this.

I am agree with you. Using crypto currency has a lot of advantages but it has also a lot of disadvantages. So I must say that still there is no safe place for us to store our moneys or bitcoins or even altcoins. All we need to do is to be careful in trusting whether which place were going to hide our money.

[CarnagexD]

I am not so sure anymore as many institutions and big whales have the biggest chunk of the Bitcoin Pie, but what it has unleashed I think is the hope for something different and more and more creativity has been born because of Bitcoin. Still, people can own Bitcoin and start with just a few sats and build from there. So technically yes, anyone can own Bitcoin and it is this that makes it so much better than FIAT, which is extremely centralized and also inflationary. I still feel it has a People'ish quality about it but most of it has gone into deep pockets. So it's up to the People again to start collecting it and transferring the wealth to them by buying it up as it is limited in supply. This is something very important that many people don't understand, that Bitcoin can be as disruptive as we want it to be.

My take on this is that bigger companies seeing the huge potential there is with bitcoin took the initiative to horde the wealth for themselves and discourage the common joe by telling them the negativities of investing, so they can keep the money for themselves and so they can take advantage of people even in this new type of currency, we can help by informing people to counter the badmouthing bitcoin and other cryptocurrencies receive from these major corporate entities.

[keeee]

storage of assets in digital form such as cryptocurrency seems to be a trend of the modern.
cryptocurrency was chosen as an alternative to gold.
but on the security side, the digital world is not 100% really safe, we as cryptocurrency users who for a long time certainly know about this.

I agree and I cant see the future that they can make fiat currency vanish. As we know that it was the strongest type of currency that we can have because of its security.  Cryptocurrency is just one type of currency that we bitcoiners used to earn money but it still have limited usage in every country. 

[yehestielsiburian]

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.

I agree with Polar91's opinion.
So far we only make bitcoin values ​​based on fiat.
We haven't made bitcoin a staple.
For example when we sell a car:
* The price of a car is 20k USD worth of bitcoin.
we can change it to full using bitcoin prices without caring about the ups and downs of bitcoin prices with fiat.
And we change it to:
* The price of a car is 2 Bitcoin. "Just 2 Bitcoin, do not talk it worth in USD or other Fiat"
Do friends understand what I mean?

[Assface16678]

as I can see bitcoin is use by lots of people , specially the millenials if its keep on growing and other people use bitcoin, it will still peoples currency although there is chances that other tokens coins will compete with it because there is a lot of chance that it will happen, since being use by the community gives it a chance to be more  expensive

One of the most significant growing coin today is the bitcoin because before the value of this coin is not enough to buy anything. However, still, many people are trusting this coin and risk their money to invest. After a few years, the price of the bitcoin becomes one of the most profitable coins in the world of cryptocurrency. Many people now are asking how to becomes rich and millionaire with the use of bitcoin. Some traders use the old way of investment, they are trying to wait until they can if the price of the bitcoin will low until it becomes not valuable again, and then put all of their money to invest. Then they wait until the cost of the coin gives enormous funds to them.  But today, we have different trading techniques that we can use in bitcoin. Short term or long term investment, in the short term you are investing your money for a short period, and you will get it if you have a profit. Still, in a long time, trading is you are now put all of your money and buy bitcoin for a low value and wait until it becomes profitable.

[imstillthebest]

storage of assets in digital form such as cryptocurrency seems to be a trend of the modern.
cryptocurrency was chosen as an alternative to gold.
but on the security side, the digital world is not 100% really safe, we as cryptocurrency users who for a long time certainly know about this.

I agree and I cant see the future that they can make fiat currency vanish. As we know that it was the strongest type of currency that we can have because of its security.  Cryptocurrency is just one type of currency that we bitcoiners used to earn money but it still have limited usage in every country. 

Before bitcoin accepted as legal currency payment always make bitcoin only illegal payment transaction and only for investing assets, we can't use bitcoin for payment currency because government not allowed and legal using bitcoin as legal currency payment, still have review first with bitcoin to be legal currency payment because many weakness from bitcoin it self.

but despite all of those disadvantages that you guys mentioned above  , bitcoin is still the people's currency these days because people do still have some benefits left that greatly help people to earn and to live without hassel in terms of paying bill , paying someone and alike  . soon when bitcoin makes updates and improvements of its current state  .  people wont doubt anymore about bitcoin  and we can totally call it as a people's currency when it becomes perfect  .

[imutlinda]

storage of assets in digital form such as cryptocurrency seems to be a trend of the modern.
cryptocurrency was chosen as an alternative to gold.
but on the security side, the digital world is not 100% really safe, we as cryptocurrency users who for a long time certainly know about this.

I agree and I cant see the future that they can make fiat currency vanish. As we know that it was the strongest type of currency that we can have because of its security.  Cryptocurrency is just one type of currency that we bitcoiners used to earn money but it still have limited usage in every country. 

fiat is indeed difficult to replace because transactions using fiat have been around for a long time, if changing a payment method might be difficult and certainly requires time to apply the most recent transaction method because it requires an old adjustment

[tambok]

storage of assets in digital form such as cryptocurrency seems to be a trend of the modern.
cryptocurrency was chosen as an alternative to gold.
but on the security side, the digital world is not 100% really safe, we as cryptocurrency users who for a long time certainly know about this.

I agree and I cant see the future that they can make fiat currency vanish. As we know that it was the strongest type of currency that we can have because of its security.  Cryptocurrency is just one type of currency that we bitcoiners used to earn money but it still have limited usage in every country. 

fiat is indeed difficult to replace because transactions using fiat have been around for a long time, if changing a payment method might be difficult and certainly requires time to apply the most recent transaction method because it requires an old adjustment

At the moment and up to this new decade I think that fiat cannot replace by crypto yet, but crypto will be more popular and will be widely used as an alternative to fiat, but still, it will be a big debate for the government and for the people if ever the government will legalize and make crypto as the legal tender and that they will replace fiat, it's impossible for now.

[Cacingkemi]

storage of assets in digital form such as cryptocurrency seems to be a trend of the modern.
cryptocurrency was chosen as an alternative to gold.
but on the security side, the digital world is not 100% really safe, we as cryptocurrency users who for a long time certainly know about this.

I agree and I cant see the future that they can make fiat currency vanish. As we know that it was the strongest type of currency that we can have because of its security.  Cryptocurrency is just one type of currency that we bitcoiners used to earn money but it still have limited usage in every country. 

for me ctyptocurrency is a valuable asset which can certainly be used for various payment alternatives, but not all countries can accept payments using cryptocurrency and that also applies where rules have been imposed in my country, therefore I think cryptocurrency is only a valuable digital asset, and not as a digital currency that is free to be used for various transactions.