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Author Topic: How well is Bitcoin functioning as a currency?  (Read 733 times)

Offline Domithra

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How well is Bitcoin functioning as a currency?
« on: October 01, 2018, 02:36:06 AM »
Bitcoin has all the features of a currency to harness the patronage of goods and services yet it is still young on the market. Bitcoin is gradually becoming popular and the people are now learning about its concept and the significance it can offer when used to patronize items and services.
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How well is Bitcoin functioning as a currency?
« on: October 01, 2018, 02:36:06 AM »

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Offline TripleVodka

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Re: How well is Bitcoin functioning as a currency?
« Reply #1 on: October 01, 2018, 09:06:05 AM »
I think at this time is good enough of the function bitcoin as currency, but in trading field or for investment, for payment tools I think Bitcoin still developing to be better than now, day by day I believe if Bitcoin can be a universal payment for goods or service but need long time to make it come true, but remember if Bitcoin can't replace cash money and if more government can legalize Bitcoin that can make this faster.

Offline 88percent

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Re: How well is Bitcoin functioning as a currency?
« Reply #2 on: October 01, 2018, 11:27:36 AM »
Bitcoin is a digital currency for me who is new and still cannot master the traditional markets used by users in the real world. It is true. Bitcoin is eyeing items that are new in the market. But the excess of this currency is the system that uses Blockchain, where this system is very effective and efficient and cost-effective in transactions.

Offline Puncak_pelangi

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Re: How well is Bitcoin functioning as a currency?
« Reply #3 on: October 02, 2018, 06:18:59 AM »
it's true that bitcoin has all the good features, and I think bitcoin does have a very good future to always develop and become the main digital currency.

Offline I-Bit

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Re: How well is Bitcoin functioning as a currency?
« Reply #4 on: October 02, 2018, 07:33:58 AM »
Bitcoin will be good to use as a currency yet the project of bitcoin ATM has begun to develop around the world. I see a potential progress to prepare the bitcoin as a payment instrument to apply globally. Although it will be difficult to be accepted as a national currency in a country, it has an advantage that it is accepted for international payment instrument. The reason is its value applied and equal internationally.     

Offline dentolas

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Re: How well is Bitcoin functioning as a currency?
« Reply #5 on: October 02, 2018, 08:52:33 AM »
Well, Bitcoin has all the funcionalities of a currency, nevertheless, as it is digital, there is the need to develop instruments that can connect the consumer wallet with the actual goods to be consumed, like payment terminals, ATMs, etc. There is also the issue of the mindset of the people, as they are used to money being paper and coins and not digital... but this will fade with new changing of generations...
BTC is rapidly becoming the international currency, replacing the dollar in a lot of transactions....

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Re: How well is Bitcoin functioning as a currency?
« Reply #6 on: October 02, 2018, 02:03:08 PM »
Bitcoin has all the features of a currency to harness the patronage of goods and services yet it is still young on the market. Bitcoin is gradually becoming popular and the people are now learning about its concept and the significance it can offer when used to patronize items and services.

Yes I think Bitcoin has good functioning as a currency.  But For now It is high volatile. I believe at the future It will be currency when the bitcoin is more stable.

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Re: How well is Bitcoin functioning as a currency?
« Reply #6 on: October 02, 2018, 02:03:08 PM »


Offline Taufiq-yy1

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Re: How well is Bitcoin functioning as a currency?
« Reply #7 on: October 03, 2018, 09:25:07 AM »
Bitcoin is a digital currency for me who is new and still cannot master the traditional markets used by users in the real world. It is true. Bitcoin is eyeing items that are new in the market.

Offline Crypto Prime

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Re: How well is Bitcoin functioning as a currency?
« Reply #8 on: October 03, 2018, 10:10:06 AM »
Bitcoin is a more compact digital currency, can be used to make payment transactions, transfer or pay employees. This is a great solution in the world of digital money. This solves a solution that cannot be done by fiat currency.

Offline kamal420

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Re: How well is Bitcoin functioning as a currency?
« Reply #9 on: October 03, 2018, 09:06:09 PM »
The nuber three is not passed in bitcoin, why? because we can see that bitcoin is the digial currency that don't have the stable price, as we know that the price of bitcoin is always changing the the fast time, its because the user of bitcoin is not much, maybe if all people in this world using bitcoin and have bitcoin the price of bitcoin will stable like the other currency like USD, or Euro
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