Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Domithra on October 04, 2018, 03:04:06 AM
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Bitcoin worth more than even a currency. Bitcoin is dynamic and offers several benefits which includes the feature of a currency. Bitcoin is considered a currency because it offers security in the transactions, speed, low costs and owner control of transactions.
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Only the crypto supporters considered it as currency. As long As bitcoin remain as decentralized it couldn't have the rights to become acceptable as a currency in legal terms.
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bitcoin is not a currency but this is a valuable asset and this can beat paper money.
with considerable value, investors continue to increase their income ..
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not a currency, but a livelihood for the term cripto supporters whose eyes have income that can be made into money ..
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As long As bitcoin remain as decentralized it couldn't have the rights to become acceptable as a currency in legal terms.
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bitcoin is not a currency but a search currency for crpyto supporters who provide income and can be made into money as well as valuable assets and many investos continue to increase their income because they see considerable value
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A good post, it's very difficult to accept Bitcoin as a legitimate currency, because the cost is very high and sometimes the transaction speed is slow. the volatility of the value of bitcoin will now never be worthy of being a currency. For me personally I find bitcoin more as a store of value than using it as a currency. maybe we have to be more patient and just enjoy what bitcoin provides, there will be a possibility a few years from now when the value will be more stable then we can say that bitcoin is really worthy of being used as a currency and using it in our daily transactions.
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I think bitcoin is not a legitimate currency because it will certainly be difficult to accept in every country if bitcoin is used as a currency
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You are true, bitcoin has more advantages. Bitcoin provide a simplicity, good security, fast transaction, and lower fees. This makes people or companies to like the bitcoin and its concept. I am also interested with the benefits, it will improve our life at future.
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Only the crypto supporters considered it as currency. As long As bitcoin remain as decentralized it couldn't have the rights to become acceptable as a currency in legal terms.
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can also be called a currency, it depends on who said it, because so far bitcoin is just a tool / place that they use to find additional income, because bitcoin has not been fully accepted by the world
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No, my country calls it a commodity. Although Bitcoin can be called a currency it is not suitable for our country because bitcoin is not controlled.
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A currency something that is exchanged for goods and services by a large group of people. As the number of people having belief in Bitcoin is increasing, its authentication as a currency is also increasing. I agree that Bitcoin is highly volatile at this point making it difficult for the microtransactions to take place in the market but there is a reason for it. We are still in the basic phase of development and this innovation is still evolving. Things will get better down the road and we will see sustainable growth in the price and with the increase in mass awareness among the users, we will see less volatility in the price.
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Of course, Bitcoin costs money. I think he should replace any other money. You can pay on many services today. I think we can pay in the store for bitcoin products soon.
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Yes, obviously. Most Bitcoin is valued by people with dollars, because the dollar is a universal currency. If we see that we can buy Bitcoin with any currency in this world. If for the amount depends on the ratio of the exchange rate of the dollar with the country's currency.
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According to many people good money is limited in number and there is no third party intervention and bitcoin has it, but for now bitcoin cannot be considered a currency because it has not received legal approval from the government of each country, maybe in the future all that could happen , bitcoin as a payment tool.
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actually bitcoin is a currency but in the form of digital, created to meet the needs of life in the future that are all electronic and digital, but nowadays it is more often used for investment places because of its very high value .