Quote from: TimtheYoutuber on December 22, 2019, 01:38:25 PM

Quote from: Argoo on December 18, 2019, 08:02:07 PM

Quote from: TimtheYoutuber on November 11, 2019, 03:41:14 PM

Full article: https://www.forrestvisions.com/blog/people-are-underutilizing-bitcoin

People need to start accepting Bitcoin and keeping it, not converting it.

If you think of Bitcoin as just a virtual placeholder for fiat currency, stable coins will be the future and Bitcoin will slowly fade away.

Thoughts?

Bitcoin has not become a universally accepted means of payment in the world. During these ten years, it was generally used as a speculative means for profit. However, this is not the main and especially not the only function of bitcoin. Now, like all decentralized cryptocurrencies, he will have to compete with stable state coins and Im not sure that Bitcoin can withstand such competition.

Competition is always nice because it gives people options. If bitcoin can be accepted for its properties then It can succeed, however if people only look at it for the pegged fiat then it will have some trouble.

We cant deny that fact that bitcoin sometimes are being underutilized because of its limitation. Bitcoin was not that fully accepted as a currency compare to fiat which you can used in your daily living but what good to it was it gives profit to us. Bitcoin has also big benefits that can help you financially it has also advantages like what is written in the article.