Re: Bitcoin is no longer a currency

Well, the more others says that bitcoin is no longer a currency it became more a legal currency online and also became popular too. Look a the price value of bitcoin at the present time now it is almost 1700$ each bitcoin. The demand was getting higher more and more and many businesses too are also adopting the concept of bitcoin.

Bitcoin is more than a currency, bitcoin has risen to an asset for one's investment, because many people get big profits from current price spike. Demand for bitcoin is increasing, giving extra benefits to bitcoin owners who hold it.

Well, if bitcoin is not considered a currency, then it is considered a good asset for the future which is constantly growing rapidly.

i think everyone consider here that bitcoin is unique and wonderful currency and we know that bitcoin already change the life of maximum people and bitcoin is the way of income and many jobless people are earning income from bitcoin.

to me i think bitcoin is created on the basis of currency and specially as online currency, but as the users of bitcoin are not yet so more therefore people are using it for trading. and they are getting good profit from trading. i am hopeful that when the users of bitcoin will increase and when it will become possible for the people to use bitcoin as currency in their local shops then they will certainly use bitcoin as currency.

Bitcoin as of right now is more used as a tool for speculation than an actual currency. hopefully as more countries such as Japan approve of bitcoin and more people start using it, bitcoin will develop into the decentralized currency it was designed to be.

Bitcoin is already decentralized but there is a threat that bitcoin can be centralized and will be controlled by the governments in other country that can adopt bitcoin like in Russia that they will accept and adopt bitcoin but they will control and monitor the transactions of bitcoin which is against to the features of bitcoin for being anonymous.

Well that would be bad if government will control bitcoins since i think this coin will be controlled and prices of it will decreased nor increasing slowly and limited so thats why its truly better to let bitcoins handled by nobody so that we can see the price will surge up for more.

We Should let the countries adopt the bitcoin but we should not let them control it since it can kill its ecosystem.