Quote from: Pan Troglodytes on July 24, 2018, 11:03:43 AM

Quote from: yj300316 on July 23, 2018, 04:16:04 PM

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 ?

Even though bitcoin failed as a currency, but it has succeed become a savings or asset to hold from earlier.
You can see how many peoples got rich because of bitcoin. They didn't use bitcoin as a currency, but as a savings.

I think that it is a fallacy to believe that. If bitcoin eventually fails as currency it will fail as a tool for savings and preserve one's capital in times of crisis, too. Tha basic use case for Bitcoin is the one from Satoshi's white paper: a peer to peer electronic cash system.

Bitcoin is a cryptocurrency that will not be a legal currency like fiats. Many governments of other countries are not supported to bitcoin because it has a lot of bad records in the news like using it for buying and selling of drugs, using it to pay a girl and to do manyu illegal things like money laundering. If this is the case, Bitcoin will never be like fiats. Many people also have no idea about this cryptocurrency.