Post
Topic
Board Bitcoin Discussion
Re: Bitcoin failed as a currency
by
yatogami
on 06/09/2018, 15:54:25 UTC
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 ?

I don't think this situation will change in the nearest several years - whales won't let their profit to go away. Despite all the noise about "decentralization" and bla-bla, in reality crypto market is controlled and manipulated by a thousand of major btc holders. Anothet big transaction of 45,000 btc - and its price will again go below $6k.