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

    • Timere
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    May 31, 2018, 04:04:24 PM
     #581
    It is very difficult to make bitcoin stable. Its price is formed by supply and demand. I think that he will always be volatile, but I believe in his bright future

  • Dr.Nina
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    May 31, 2018, 04:32:49 PM
     #582
    In long run the bitcoin may loose its volatility. If the price of the bitcoin become stable and if the e-commerce companies and many multinational companies like KFC, Samsung and Amazan accept bitcoin then there is a possibility to become currency of bitcoin.

    We also hope for the better.

  • paulmaritz
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    May 31, 2018, 04:45:32 PM
     #583
    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 ?


    The original Bitcoin was destroyed via the Segwit hack and its attempt to scale off the Bitcoin system on the Lightning Network (LN). Lucky for us the real Bitcoin was revived in the form of Bitcoin Cash (BCH) - peer-to-peer electronic cash that scales on the Bitcoin system. It has a strong use case and don't have to be used solely as a "speculative asset."

  • xxx3
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    May 31, 2018, 04:48:13 PM
     #584
    for now even though there are some transactions now that can be done using bitcoin but still limited that's why i can not still consider bitcoin as currency. One may find it difficult to adapt bitcoin to a volatile currency and many companies are still hesitant to accept bitcoin as payment. Hopefully there will be changes in the next few months or even years. The value will be more stable unlike the last few years.

  • MbakNarti
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    May 31, 2018, 04:58:41 PM
     #585
    Maybe Bitcoin Does Not Fail To Be Currency Because Bitcoin Is Created Through Non-Bank Or Computer Government So Bitcoin Can Only Be Used On The Computer It Is The Purpose Of Bitcoin Made Only To Invest So Bitcoin Is Created Not To Be State Currency So Bitcoin Is Created Just To Become Digital Assets We

  • Timere
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    May 31, 2018, 05:05:39 PM
     #586
    Quote from: Dr.Nina on May 31, 2018, 04:32:49 PM
    In long run the bitcoin may loose its volatility. If the price of the bitcoin become stable and if the e-commerce companies and many multinational companies like KFC, Samsung and Amazan accept bitcoin then there is a possibility to become currency of bitcoin.

    We also hope for the better.

    You also need to understand that households play against the existing monetary system, which also means against large corporations.

  • baclinhdam
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    May 31, 2018, 05:26:53 PM
     #587
    I do not believe that Bitcoin is only good for investment, Bitcoin is a digital currency from its inception. It has met the aspiration for settlement of goods and services which is major characteristics of currency. Bitcoin can go for both and infact its for both.

  • SilverChromia
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    May 31, 2018, 05:50:27 PM
     #588
    I dont believe that bitcoin is failed as a currency, We know that what capability that bitcoin has and even it facing a lot of dropping down its value on the market it still standing and making a lot of good things to people and in a lot of nation or countries all over the world and we know that bitcoin is already a currency but in digital feature. maybe as of today it is too hard for bitcoin to have its stable status but in the future i believe it will do a lot of accomplishment and bring success to a lot of people.
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  • jeluhtajem
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    May 31, 2018, 06:01:04 PM
     #589
    I think bitcoin remains as currency because bitcoin is used for online transactions and long-term investments and this is indeed successful, although bitcoin prices are unstable. I think the bitcoin reputation will be more advanced in the future and I call it an asset.

  • Javathon
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    May 31, 2018, 06:10:34 PM
     #590
    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 ?


    It is very far from happening. Unless it can have stability and faster block confirmations then it can be a truly efficient tool as a regular currency for everyday usage. Bitcoin will just stay as a speculative asset.

  • Heopu
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    May 31, 2018, 06:29:10 PM
     #591
    While it is impossible to predict what will happen in the future, I believe this will not change in the long term. Bitcoin has been more successful than expected and in the future too. I believe in that.

  • collision00
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    May 31, 2018, 06:31:30 PM
     #592
    Regardless of the way that ventures prospects of bitcoin exceed its status as a money does not mean bitcoin has flopped completely in being a cash. For bitcoin to have withstood every one of the kickbacks, particularly frame this year and still exist should disclose to you that bitcoin is only a stone discard to being acknowledged by greater organizations later on.

  • Nanknink boy
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    May 31, 2018, 06:37:51 PM
     #593
    Bitcoin is a speculative currency, the use of bitcoin currencies not controlled by government or authorized financial institutions. As a result, such conditions provide great opportunities for criminal activities such as money laundering and tax evasion.
    and in use, wallet files are similar to the function of the cash storage wallet but the wallet files stored on the hard disk of your electronic equipment are very susceptible to damage. In addition, viruses that attack your hard disk can also make stored bitcoins just disappear.

  • Timere
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    May 31, 2018, 07:32:55 PM
     #594
    Quote from: Nanknink boy on May 31, 2018, 06:37:51 PM
    Bitcoin is a speculative currency, the use of bitcoin currencies not controlled by government or authorized financial institutions. As a result, such conditions provide great opportunities for criminal activities such as money laundering and tax evasion.
    and in use, wallet files are similar to the function of the cash storage wallet but the wallet files stored on the hard disk of your electronic equipment are very susceptible to damage. In addition, viruses that attack your hard disk can also make stored bitcoins just disappear.

    Do you carry such nonsense ... Do you even know how the current monetary system is structured? Do you know how the government works? Do you know who controls the printing of your dollars? And do you know how bitcoin works? I think that's not !!!!!

  • Hidden
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    May 31, 2018, 07:38:54 PM
     #595
    of course if bitcoin is used by many people it is certain bitcoin will be used as currency because bitcoin is an efficient, fast and safe currency very suitable for currency in de period

  • Emanammy
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    May 31, 2018, 07:50:50 PM
     #596
    Bitcoin is used for online business.its value does not remain constant.If it remains constant and its worth does not change then bitcoin will may failed.

  • TahuDiniHari
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    May 31, 2018, 07:55:51 PM
     #597
    it could happen. If all countries participate to promote and accept bitcoin as currency or means of payment. but for now, making bitcoin as the primary means of payment in digital currency is logical.

  • laryillary
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    May 31, 2018, 08:02:31 PM
     #598
    traditional terminology, bitcoin can not be legitimately considered a currency because it does not meet its two main characteristics: it is neither a means of exchange nor a means of accumulation.

  • Timere
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    May 31, 2018, 08:05:34 PM
     #599
    Quote from: laryillary on May 31, 2018, 08:02:31 PM
    traditional terminology, bitcoin can not be legitimately considered a currency because it does not meet its two main characteristics: it is neither a means of exchange nor a means of accumulation.


    And that if the world changes, it will change radically. Many industries are moving towards globalization ... What if the world order changes? What place does bitcoin play in this?

  • JoshPacAhlayeer
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    May 31, 2018, 08:31:29 PM
     #600
    To be said as an international currency, Bitcoin can not be used as a currency on the grounds that many countries have not been able to receive Bitcoin as a legitimate transaction tool. But in his own world, the digital world, Bitcoin has actually become a currency. In fact, today many online companies can accept payments using Bitcoin. In fact, with its popularity, Bitcoin is able to become a parent and be used as a benchmark for other digital currencies. In fiat currency, it can be said Bitcoin is equal to dollar.
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