Bitcoin and Future of Economy! - page 18.

Ridwan Fauzi

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Quote from: cryptomaster4 on June 14, 2018, 09:32:05 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?

What do you mean about main currency of world economy? I really don't understand about that.

Bitcoin can be the world's currency without government support. Bitcoin is easy to use, and getting bitcoin does not need to go through the government, so you can use what you want. If you want to buy an item then using bitcoin you can buy it in a country that accepts payments using bitcoin. Bitcoin being the world's currency has been achieved now, many people or maybe in all countries in this world there will be someone who uses bitcoin. Bitcoin is not centralized so there is no need for the government to use it.

Fretcy

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Bitcoin has good potential for the price to increase higher than the previous highest hit of $ 19300 USD and bitcoins has the potential to improve the economic conditions of the world as it provide a source of income and financial freedom to all its users. The major issues of the world like poverty and unemployment issues can be eradicated by the use of bitcoins. In the early stages bitcoins was used as a digital currency but now people consider this bitcoins as a good investment option as there is always a huge leap of bitcoins price in the crypto currency market.

elysion

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Why not? Of course, it is possible. But, it seems hard in the near future. Some countries resist to accept Bitcoin. Uf this problem is solved, Btc can be money of the future.

Ahmed4200

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Yes, there is nothing impossible that Bitcoin may be the main coin of the future world. But it requires a lot of time. And all the countries in the world need mutual understanding, with the help of Bitcoin's proper use. So in the future we will get it as the main currency.

weblouartisan

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Lets Go Adab

Quote from: cryptomaster4 on June 14, 2018, 09:32:05 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?

yes bitocin can be the main currency of the world economy but the government will actually place more regulations like they will set a stable price for bitcoins and there will be a disadvantage like the coin will not be profitable because there's no volatility so i prefer that bitcoins will be widely used just like today and will be considered as an asset.

drachman

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Quote from: cryptomaster4 on June 14, 2018, 09:32:05 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?

It is very unlikely that bitcoin is going to be the currency of the world because countries will do anything to avoid that fate but it is entirely possible that bitcoin will give birth to a parallel economy and there will be a growing number of people that will like to live outside of the fiat system, governments will try to avoid this through regulation but as they lose control of the economy this will become impossible.

EdenHazard

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Quote from: vagsun on June 17, 2018, 11:04:05 AM

Quote from: cryptomaster4 on June 14, 2018, 09:32:05 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?

It really seems to be impossible that bitcoin can become a main currency of world's economy, as many countries are still not accepting bitcoins stating them illegal. Moreover many people are not having trust on bitcoins as it is a crypto currency and is not present in physical state. Due to its price fluctuations on a higher scale many people are not ready to take risk. Its very difficult for bitcoin to beat its rival (US Dollar) to be a main currency of world's economy.

Depending on the utilization of bitcoin who used by people who have bitcoin. If they utilization bitcoin to be used as a tool to send money from different countries, and at this time bitcoin has become the world's currency.

There is no particular rule from any government that owning and using bitcoin is a criminal act that should be shunned.

But if someone who has bitcoin used for payment system, bitcoin not yet the currency of currency, every country has different regulation to utilization bitcoin. Seem is imposible if you look at regulations from different countries, but if you see access to send and receive bitcoins it will be possible.

pellor mas

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Over the last few years one of the most pronounced news in the financial world is the tremendous growth of Bitcoin prices. For many people it's hard to imagine how something worth a few bucks will skyrocket for just three years? At that time people began to think that maybe Bitcoin got a big future and they were right.

arief89

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Quote from: cryptomaster4 on June 14, 2018, 09:32:05 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 bitcoin can be the world's economic currency, because bitcoin has many advantages when used as world economic currencies because bitcoin is very easy to use and also very easy to introduce bitcoin to everyone ...

lincolnmad

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Quote from: cryptomaster4 on June 14, 2018, 09:32:05 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?

Lol nope, bitcoin is very far to become a main currency of world economy because there are still many people and countries that doubt about bitcoin. I think it's better for bitcoin just to stay in this condition, no need to make some "rules" that affect bitcoin.

molenracing

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I think it's very difficult to happen, Bitcoin will not be the world's economic currencies. but Bitcoin I think will play a big role in the progress of this world economy. because Bitcoin is a very valuable digital asset, and will be the stuff investors use to save their money, and hold it until it makes a huge profit.

rickadone

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Quote from: Zachwolf on June 14, 2018, 10:16:26 PM

Quote from: batang_bitcoin on June 14, 2018, 10:00:30 PM

Quote from: cryptomaster4 on June 14, 2018, 09:32:05 PM

So my question is can bitcoin be a main currency of world economy?

It will become the main currency for crypto economy but not for world economy.

There's a long debate on how will bitcoin going to overtake the currency worldwide but there's a long way to go before it will go there. Dollar will stay and bitcoin will be it's rival and alternative choice for people who wants to stay anonymous.

It is also depending the legality of bitcoin of that certain country. Some stated that it couldn't happen that it become a world currency due to current currency of every country which economy rely on it.

Irrespective of the legality which is something that would be in place in the long run anyway with governments all over the world coming with their own regulations one way or the other but we cannot expect the government of each country to start adapting bitcoin fully as a currency in replacement of their own centralized form of currency or simply put government replacing centralization with decentralization, I don't see this happening in anyway.

Bitcoin is all set to impact the economy of every country. Because when more people from one country start adopting it, it will give consequences in fiat circulation as people may start exchanging bitcoins within them for goods and services. Future of any country's economy will be decided by bitcoin for sure.

bitgolden

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Leading Crypto Sports Betting & Casino Platform

Quote from: cryptomaster4 on June 14, 2018, 09:32:05 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?

It is too early to start seeing the possibility of what bitcoin would be like in the future. It could take quite some number of years or decades to even see something like this happening, but do we really think it is a possibility ? Maybe. The thing is that no one knows tomorrow and we are just hoping that maybe one day bitcoin would be the currency accepted by all worldwide but if we are really to look at the way things are today, I don't see the likelihood of government allowing that to happen.

sabarr

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there is always the possibility of that, if bitcoin is acceptable to all countries then it can be a world currency and the economy will also be affected by the development of bitcoin

Gdra467

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Bitcoin can be widely accepted by people from all around the world as a medium of exchange, especially for online transactions. In future, this might compel governments to take the blockchain technology quite seriously and develop their own cryptocurrencies to rival the already existing ones.

awawo

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Yes with the way bitcoin is gaining more popularity in the nearest future bitcoin is going to be the world universal currency and at that time the world economy is going to be fused into one place and the driving forces is going to be bitcoin.

jak3

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Why not? Should a currency has to be likes by all the governments before it can be currency for everyone. No absolutely not Bitcoin is not going to pay any sort of free money to those hungry governments out there. No more useless fees everyone will get freedom of earning and spending money. I think bitcoin is the perfect system for our future and it has the potentiality to bear a clean money to our future and leave all the corruption back.

knight20

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Quote from: cryptomaster4 on June 14, 2018, 09:32:05 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?

Is bitcoin would be a an international bitcoin? Right now bitcoin is the strongest currency in the world. So the possibility to be a main currency of the world economy is not impossible.

vagsun

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Quote from: cryptomaster4 on June 14, 2018, 09:32:05 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?

It really seems to be impossible that bitcoin can become a main currency of world's economy, as many countries are still not accepting bitcoins stating them illegal. Moreover many people are not having trust on bitcoins as it is a crypto currency and is not present in physical state. Due to its price fluctuations on a higher scale many people are not ready to take risk. Its very difficult for bitcoin to beat its rival (US Dollar) to be a main currency of world's economy.

fishball

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Quote from: cryptomaster4 on June 14, 2018, 09:32:05 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 guess the world economy would be astonishing with the help of bitcoin. Yet, it is still on the hands of people with bitcoins if they are willing to help others and the societyor will they be too selfish?

Topic: Bitcoin and Future of Economy! - page 18. (Read 2933 times)