Post
Topic
Board Economics
Re: Bitcoin is no longer a currency
by
densuj
on 19/03/2017, 15:36:31 UTC
https://www.theatlantic.com/business/archive/2013/04/bitcoin-is-no-longer-a-currency/274859/

An article from The Atlantic magazine - from 2013, way back in 2013 - declaring that bitcoin is not a currency, but "the ultimate tech stock"!

The four years since the article was written has proven that bitcoin is akin to an Amazon or Facebook (stock, not company), and much less "Pets.com". That's a good thing.

I have to agree with them. Every week that passes without a new company in any local metropolitan area deciding to accept bitcoin as currency is a two weeks further away from bitcoin actually being adopted, mainstream, as a currency.

Bitcoin is an investment. A stock or an asset class/commodity can be debated, although it doesn't much matter. Bitcoin is a store of value not a medium of exchange.

What do you think?
I think yes bitcoin is like stock without dividen and movement of bitcoin price is like stock,
at least analysis technical darvas box worked for me when trading bitcoin to fiat currency
bitcoin is no currency because there is bug block size of bitcoin that take high fees sending bitcoin,
so bitcoin can not be considered as currency at least for today.