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    Author Topic: Bitcoin failed as a currency  (Read 7214 times)

    • DU3O
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    August 24, 2018, 07:22:50 PM
     #1901
    Come on guys. This is not the first time that happen in bitcoin. Just have patience and we will see again the unstoppable rise of the crypto king. So for the meantime let me accumulate more Cheesy

  • Toraokun
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    August 24, 2018, 07:32:45 PM
     #1902
    Quote from: brawdias on April 23, 2018, 11:30:57 PM
    Bitcoin was supposed to be used as a currency, not only a form of investment. However, it's been more successful as a form of investment, a "speculative asset".

    Do you guys think that this can change in the long term ?


    Yes I agree with you, for now Bitcoin hard to become currency because it's prices too unstable. But maybe if bitcoin more stable like Fiat currency, Bitcoin can do his jobs as currency.
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  • Fred3030
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    August 24, 2018, 07:40:52 PM
     #1903
    Bitcoin is still in its infancy and as a result its value is so volatile and as such hasn't been able to be used as a currency. But i think that challenge will soon be a thing of the past as some recent blockchain project has gone a step further to provide smartcards and app that allow holder of cryptocurrencies to spend their assets as re currency in real time. And this is changing the perception of the general public about cryptocurrencies.
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  • Sircoss
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    August 24, 2018, 07:46:38 PM
     #1904
    Quote from: brawdias on April 23, 2018, 11:30:57 PM
    Bitcoin was supposed to be used as a currency, not only a form of investment. However, it's been more successful as a form of investment, a "speculative asset".

    Do you guys think that this can change in the long term ?

    For now, I agree. It is more than investment, than a currency. But we can change that as well. If those guys above us will make some laws to regulate and handle blockchain normelly, we will have the Bitcoin currency.

  • erichall
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    August 24, 2018, 07:48:42 PM
     #1905
    The progression of innovation then Bitcoin can be utilized as a cash. At present Bitcoin is as yet advancing and being connected in different budgetary frameworks on the planet. For a venture then Bitcoin is more alluring in light of the fact that it can bring numerous points of interest.

    Bitcoin is as of now in good shape and one day I'm certain that Bitcoin can be utilized as a money like utilizing the current USD Dollar.

  • RussCryptoBull
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    August 24, 2018, 07:50:53 PM
     #1906
    There's nothing like fail,  btc is still a new born baby, so give it some times to reveal what it has for the digital world, my opinion

  • happyme1818
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    August 24, 2018, 08:00:09 PM
     #1907
    Quote from: brawdias on April 23, 2018, 11:30:57 PM
    Bitcoin was supposed to be used as a currency, not only a form of investment. However, it's been more successful as a form of investment, a "speculative asset".

    Do you guys think that this can change in the long term ?

    I believe that this will change in the future because out of billions of people on the world, the adoption stage didn't even reach 25%. Until now we are still on early stage because the government's and the central banks are suppressing Bitcoin to be a world currency.

  • Criptomen
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    August 24, 2018, 08:14:55 PM
     #1908
    Bitcoin in my opinion is a pioneer, a prototype and sooner or later he will die. Many see in bitcoin a way to avoid taxes, but bitcoin is not so anonymous. Most of the exchanges trading bitcoin require KYC and will provide these data to the authorities if they are required.
    The most valuable thing about Bitcoin is that he introduced blockchain technology to the world. Blockchain is power. Its potential to change the world can be compared with the potential of the Internet.

  • estupido
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    August 24, 2018, 08:23:03 PM
     #1909
    maybe yes but it takes a long time. but for now, there is no possibility that bitcoin will be used as a currency

  • kalopaw
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    August 24, 2018, 08:35:16 PM
     #1910
    I think that bitcoin will never be a legitimate currency because bitcoin is too risky for it. It seems that it will not change even though for a long time

  • bucketthechange
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    August 24, 2018, 09:15:58 PM
     #1911
    Quote from: brawdias on April 23, 2018, 11:30:57 PM
    Bitcoin was supposed to be used as a currency, not only a form of investment. However, it's been more successful as a form of investment, a "speculative asset".

    Do you guys think that this can change in the long term ?


    Often when I see a bitcoin ATM I think of the cultural awareness of this as a stable currency. But who knows what cultural adoption rates will be over the next years. Do you think it will be as normal as cash or card?

  • bright4mech
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    August 24, 2018, 10:09:03 PM
     #1912
    Bitcoin is a crypto currency that is acceptable across the nation, for buying and selling of goods, which many industries are normally used, base on that, the current price of falling is a better chance to invest.

  • ShroudKar98
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    August 24, 2018, 10:19:20 PM
     #1913
    I think bitcoin is not only an asset, bitcoin can also be used as a transaction or online payment tool, many in other countries can make electricity using bitcoin.

  • m_f_o_c
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    August 24, 2018, 10:33:55 PM
     #1914
    Dollars are now also used for speculation, but this does not prevent us from using money as the currency that we pay for goods every day. The same thing is possible with Bitcoin.

  • rukawa101
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    August 24, 2018, 11:17:35 PM
     #1915
    it didn't fail because some still use it like a money to use for transaction and maybe if the price become more stable but i don't think it will become stable just maybe it will be more used as a currency

  • Ledy Alise
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    August 26, 2018, 07:50:31 AM
     #1916
    Bitcoin can't fail by default! Market can go bearish or bullish. We may be happy or unhappy about that. But it can't fail. And it still will have impact on the other currencies too.

  • kniheant
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    August 26, 2018, 09:14:46 AM
     #1917
    I think that the bitcoin do not failed as a currency. Maybe there are some flaws tagt need to be considered but as for the record there are some coubtries that make the bitcoin as an official currency.

  • Eigig
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    August 26, 2018, 09:28:53 AM
     #1918
    Bitcoin did not failed as currency ,in fact there are countries that already accept and legalized cryptocurrency in their country ,so now it is circulating in the cryptoworld as digital currency but as of now it is just waiting  to be recognized by everybody so that it will be a more successful ever.

  • alimatmo2019
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    August 26, 2018, 09:39:49 AM
     #1919
    While cryptocurrencies like bitcoin and ethereum continue to see increasing levels of interest and adoptability globally, they appear to be failing as currencies. In an interview with Bloomberg, Aswath Damodaran, professor of finance at the NYU Stern School of Business compared a speculative investment to a stable currency: “

  • L lawliet
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    August 26, 2018, 09:57:09 AM
     #1920
    Personally, I don't fail ... it's just that it needs a process to make Bitcoin a currency now and in the future
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