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Topic: Bitcoin and Future of Economy! (Read 2883 times)

hero member
Activity: 1008
Merit: 500
November 22, 2018, 04:02:16 AM
Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?

It can still be used as a main currency of the world. However, I think it cannot be at the present state. It has to reach a certain level of stability, or else our world market will be in chaos more or less. We cannot entertain a currency which will be so volatile that what we can buy with a box of pizza today could only afford a piece of candy the following day. That cannot be a currency.
Still very long it will happen I think. We all know the community still many who have not known about Bitcoin so well that it is difficult for the Government to adopt Bitcoin as a legitimate means of payment or as currency in his country.
full member
Activity: 384
Merit: 106
November 22, 2018, 11:11:52 AM
Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
I guess. In the future. Because bitcoin has juat started and it will undergo many problems, changes and etc. So other countries don't accept bitcoin yet but I know it will be.
member
Activity: 434
Merit: 10
November 22, 2018, 03:41:26 AM
Don't be so optimistic about cryptocurrencies. Now that cryptocurrencies have entered a dangerous period, they are likely to disappear in the future. So don't overestimate the cryptocurrency, but you can't miss the cryptocurrency. If it rises again, now buying coins will become rich.
sr. member
Activity: 1022
Merit: 256
November 22, 2018, 03:28:07 AM
Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?

It can still be used as a main currency of the world. However, I think it cannot be at the present state. It has to reach a certain level of stability, or else our world market will be in chaos more or less. We cannot entertain a currency which will be so volatile that what we can buy with a box of pizza today could only afford a piece of candy the following day. That cannot be a currency.
full member
Activity: 686
Merit: 104
November 22, 2018, 03:04:02 AM
if the world economy currency, can't. bitcoin doesn't have the capacity for that. but if it is merely an alternative to online transactions, bitcoin can become real even for offline transactions using bitcoin. it does not play a major role in the economy as a whole, but at least bitcoin helps people for simpler transactions.
newbie
Activity: 31
Merit: 0
November 22, 2018, 02:50:13 AM
I think that in the future this world economy will need bitcoin to be one of the solutions that can be relied on for the future, because I feel that payment using paper currency is no longer safe and comfortable, I'm sure the future will be more likely to use digital currency like bitcoin.
I strongly agree with your opinion, bitcoin will be the solution for future payments. However, I consider bitcoin as a combination with paper money. For certain groups that have higher education levels, bitcoin is certainly easier, cheaper and safer. But for people with low education levels of course using bitcoin is difficult and complicated.
Exactly it is. But the time it will take, it is so much. We can’t say this is going to happen in coming few years even. It might take some decades instead. But still hope always not out and we are optimistic.
jr. member
Activity: 364
Merit: 3
GIGZI - INDEPENDENT WEALTH MANAGEMENT
November 18, 2018, 07:50:17 AM
Maybe cryptocrrency and bitcoin can have a big impact for the future of the economy, it is because cryptocurrency is growing more popular and this could attract more customers and investors ,so if government will accept it fully in the future , then this cryptocurrency would be a great help to the economy.
member
Activity: 383
Merit: 10
November 18, 2018, 05:53:34 AM
Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
it is possible and all possibilities can happen, no one can know for sure, of course, and requires a long process and time, of course legality and recognition of the community will use crypto currency as the applicable currency
sr. member
Activity: 665
Merit: 250
November 18, 2018, 04:53:09 AM
the development of crypto currencies and the economy cannot be ascertained if in my opinion crypto currencies were created using the advancement of time and technology as possible as over time and crypto currency technology will develop as well
member
Activity: 672
Merit: 14
November 17, 2018, 08:46:37 PM
A have seen a couple of post showing how Bitcoin can positively influence the economy of a country. Obviously, there is no doubt about this because the Blockchain and Bitcoin offers job opportunities and financial freedom for the people. As there is more job and income generation for the people, the status of the economy improves.
member
Activity: 840
Merit: 10
November 17, 2018, 08:37:19 PM
Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?

I think government can not ban bitcoin or others cryptocurrency. Government just want every bussiness entity comply with their law regulation. To be main currency in the world, i think bitcoin need approval from most country in the world and i think its hard to be done because no authorities can control bitcoin
member
Activity: 350
Merit: 11
November 17, 2018, 11:32:08 AM
Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
It's not main currency, but if you call it as a digital currency, as another method of payment yes it is. And I think it has nothing to do with the stable or unstable price because the technology that used by bitcoin is what matter regarding to your question. Perhaps this https://www.cnbc.com/video/2017/11/06/japan-made-bitcoin-a-legal-currency-and-now-its-more-popular-than-ever.html can help you out where a big country like Japan use the technology and how it woks rather than speculating about main currency of economic world. 
full member
Activity: 728
Merit: 100
https://i.imgur.com/hgxNNiA.png
November 17, 2018, 10:19:54 AM
I would like to see what will happen in a few years, and maybe even dozens of years Personally, I'm sure that the future is behind the crypto currency. Smiley Smiley

With patiently we know how potential the Bitcoin future going to be, we have seen many downfalls from 2010. Last year is the best year for the Bitcoin because the price of Bitcoin reached to ATH in the market and makes many companies and governments shocked by seeing the price.

I think Bitcoin walking in the circle. And some years looks like the others. And we can see new jumping in 2-3 years. My all hope is on it now.

lots of people are hoping for the future of bitcoin or crypto. for now we can only wait patiently, what surprises will be given by bitcoin and crypto next year. will it rise again like last year, or it will continue to fall. I also hope and wait, hopefully there is a miracle that makes the price of bitcoin rise suddenly.
sr. member
Activity: 826
Merit: 265
November 17, 2018, 10:06:49 AM
Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
What stupid question is this?Bitcoin will never become a worldwide currency because every country has their own,and theres no point of  having this because bitcoin can be used without claiming to be a worldwide currency and besides this coin can help all the existing fiat in the whole world to provide service and transaction for the human race
member
Activity: 1764
Merit: 10
November 17, 2018, 09:28:17 AM
It is difficult to say at the moment about such an option, now it is impossible, because for this it is necessary that all countries recognize bitcoin and make it legalized, and I do not think that this will happen because bitcoin is anonymous, so this is possible only without anonymity, but there is the chance that this will happen in the future, because blockchain and bitcoin technologies are already being introduced in all countries and this may happen someday. I think bitcoin could boost any economy.
newbie
Activity: 78
Merit: 0
November 17, 2018, 09:20:53 AM
I think that in the future this world economy will need bitcoin to be one of the solutions that can be relied on for the future, because I feel that payment using paper currency is no longer safe and comfortable, I'm sure the future will be more likely to use digital currency like bitcoin.
I strongly agree with your opinion, bitcoin will be the solution for future payments. However, I consider bitcoin as a combination with paper money. For certain groups that have higher education levels, bitcoin is certainly easier, cheaper and safer. But for people with low education levels of course using bitcoin is difficult and complicated.
hero member
Activity: 1190
Merit: 500
October 05, 2018, 10:28:03 PM
I would like to see what will happen in a few years, and maybe even dozens of years Personally, I'm sure that the future is behind the crypto currency. Smiley Smiley

With patiently we know how potential the Bitcoin future going to be, we have seen many downfalls from 2010. Last year is the best year for the Bitcoin because the price of Bitcoin reached to ATH in the market and makes many companies and governments shocked by seeing the price.
No, it is not patience it is use of mind as using by Germany after accepting the Bitcoin and few other crypto coins they are making it a part of their lives in many ways in which it can help them out as we know that is friction-less so it helps in their banking system as well. They are using it as payment mode everywhere and even banks are using the Bitcoin to pay loans to others.
but the point is that bitcoin continues to grow and develop, the development of bitcoin makes many parties accept and adopt bitcoin right? as you said many banks also started accepting bitcoin? this is a good signal for the future of bitcoin, that bitcoin might take an important role in the world economic system..
member
Activity: 156
Merit: 10
October 05, 2018, 09:39:04 PM
Its possible but it make take decades before it happen. Bitcoin may increase its value but it will have a hard time to get in the main market around the world. Maybe the whole cryptocurrency can be a good alternaternative for a fiat money but it will never be the main currency I think. Our government will always find ways to protect fiat money, but a least cryptocurrency will be accepted around the world in the future.
Yes that's right. Bitcoin is very good and a big  help for our future. It will also lower the rate of poor people in this world. It can also rise our economy.
full member
Activity: 891
Merit: 100
Oikos.cash | Decentralized Finance on Tron
October 03, 2018, 02:46:14 AM
Theoretically, this could happen, but I think that bitcoin will not become a global medium of exchange. But bitcoin and blockchain technology will have an impact on the further development of the economy.
hero member
Activity: 1596
Merit: 502
September 26, 2018, 10:43:27 PM
I think that in the future this world economy will need bitcoin to be one of the solutions that can be relied on for the future, because I feel that payment using paper currency is no longer safe and comfortable, I'm sure the future will be more likely to use digital currency like bitcoin.
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