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 that would ever change the fact that bitcoin can never be used as a currency as it is so volatile. It's price literally flies and drops every other hour or maybe minutes. Maybe some firms or companies may accept them but its difficult to show cash flow so it will not be used as a currency overall.
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BoardAltcoin Discussion
What about rest of the Cryptos?
by
AutisticKid
on 27/06/2018, 16:33:48 UTC
At the moment even the value of bitcoin is somewhat stuck within 6-7k. Do you guys think that there is any other crypto/coins are worth investing in and why?
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BoardBitcoin Discussion
Re: Sell your house for investment in btc.
by
AutisticKid
on 22/12/2017, 09:51:09 UTC
i think you should not gamble your house and your memories for BTC as its value can go down if people start dumping it, look how it came down 7000 dollars in a matter of 4 days, so you should not risk such kind of thing!
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BoardOff-topic
Re: If bitcoin goes to zero
by
AutisticKid
on 22/12/2017, 09:30:30 UTC
if all the people start dumping them but the banking giants(investing in bitcoins) wont let the value of BTC to decrease to that level
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BoardBitcoin Discussion
Re: Bitcoin Core 0.15.1 Released
by
AutisticKid
on 22/12/2017, 09:24:18 UTC
is bitcoin core better than blockchain and the others?
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BoardSpeculation
Acceptance
by
AutisticKid
on 22/12/2017, 09:09:38 UTC
Due to how volatile prices of bitcoin are, they cannot be accepted anywhere in the world. 6000 dollars down in a mere time of 4 days! WTFFFF its price increased by 20 dollars while taking a screenshot LOL