Bitcoin and Future of Economy! - page 6.

KeijiN

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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?

In my opinion we need to come up to the point when all the countries will have the stable position tolerance bitcoin and cryptocurrency in general because right now everything is so unstable that every other country is the saying among themselves about bitcoin and there is no united opinion between.

Kellyrobinson86

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I think all of this depends on the bitcoin prices and the market itself. When all people decide to turn bitcoin into currencies, many whales should be resting and not playing pump and dump anymore. Or the number of whales could be reduced by many smallholders in the market. When the demands are rocketing again and the prices kinda high, I thought that bitcoin could be currencies again when it becomes more stable.

Clemcout

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Quote from: bizalaz on August 04, 2018, 09:16:21 AM

I am also interested in this issue and I think that the chances are for such activity and place in our environment and the environment of currencies. But cryptographics consider it an investment opportunity, not a form of payment. Therefore, this is a controversial issue. But of course, what can be like that.

Bitcoin can indeed be a key factor in making the economy of any of the state far better than its present situation and that it can help the ones who will go for investing their money into bitcoin in a way they cannot even think of. Bitcoin is gaining more popularity which a very positive sign is as it will help us in having more money which will then strengthen the economy of the country.

Dread Pirate Roberts

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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?

For MAIN currency for me personally who loved Crypto so much. think this will probabily not be happy. Every country has their regulation of financial. it will not be possible in a country to use crypto alone without physical payments. but to become a major digital payment throughout the world it might happen.

Winterwood21

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with the development of bitcoin around the world, it makes the country inevitably also have to accept bitcoin, this does not rule out the possibility that bitcoin can become a global currency in the future. The ever-increasing market situation is increasing the interest of people to buy bitcoin.

ordeath

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My answer is that it is possible for bitcoin to become one, but it needs to come through many regulations and corrections until the time that bitcoin will become worthy to be accepted as a currency at least somewhere.

putriliesma

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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?

Maybe if bitcoin as a global economy it will be a little difficult because there are still local currencies that are still used as a transaction tool and still beat bitcoin until now. But in the future it may be little by little that many people will use bitcoin and make the local currency become extinct.

Cryptoworld4

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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?

In future, it may be possible for Bitcoin to be used in the world global economy. This is still a testing stage.

South Park

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I am terrible at Fantasy Football!!!

Quote from: stellgod on August 04, 2018, 01:54:18 AM

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Quote from: efxtrader on August 01, 2018, 08:18:17 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 is hard to make bitcoin as main currency in the world because every country have their own advantages and regulation on their economy. But if most country in the world regulate bitcoin, I am believe bitcoin can accepted as payment in merchant in every country beside their official fiat currency.

Yes, if bitcoins have been accepted in different countries and used as a medium of exchange other than their currencies, I'm sure that for countries that have not set bitcoin as a means of exchange they will do the same to make bitcoin as a medium of exchange.

That is right and in my opinion; it has been a hot topic in many international conferences and in the world economic forum as well. Since we are stepping to an age where it would be the technology that would be playing major role in almost all aspects of life, Bitcoin being a technology will be performing the same function thereby reducing the demand for cash or fiat and limiting the governments’ ability to intervene in the rising prices and unemployment.

I think it is the opposite, the regulations created by governments create a barrier to entry and a barrier to stay on business, since bitcoin will allow people to bypass that, this is going to create a more efficient market in which there is going to be less unemployment since people will be able to employ themselves and sell their products all over the Internet and accept payments thanks to bitcoin.

cryptocurrencyguru

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even many governments now are saying bitcoin is the future of economy we can expect the market to recover by dec by then we can see many merchants adopting bitcoin into masses

websoftwareengineer

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Blockchain with VTOS energy

Quote from: blockdragon on August 04, 2018, 11:19:41 AM

as far as I can see btc is treated more as an asset and in order for it to become the world only currency we need to experience something huge as a world where balances will change hand.

Bitcoins is very popular today and it was already treated as an asset and that is the reason why there is a very bright future for cryptocurrency so keep on investing today while the market prices are still low.

blockdragon

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as far as I can see btc is treated more as an asset and in order for it to become the world only currency we need to experience something huge as a world where balances will change hand.

nightxglow

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Anything is possible, but i think it will be kinda hard to achieve, bitcoin being the main currency in the country. Because every country has their own currency, and although they sometimes depend on one currency like US, or others, but digital money that not everyone can approve will be hard to be use as a national currency.
Moreover, bitcoin is not so stable, and it might be so risky if it becomes the main currency in this economy. But still, with the technology development and world changes, it's not weird or shocking if that thing happens.

Kusnechik

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Bitcoin can become a leader in maintaining and developing the economy of many world countries, including developing ones.

Vritesh

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Bitcoin is beneficial not only for the person using it but for the whole nation. With the more and more use of bitcoin future of the economy can be more secured and stable. All the crisis can be solved by the bitcoin. It has the potential of increasing any country's financial statements. It has also helped by eradicating unemployment. So it can be concluded that any country can have bright and developed future with the aid of bitcoin.

greg0rioo

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If you are a bitcoin user or invest in bitcoin, I guarantee your future will be good. Especially in the economic field, that's for sure because the average of all people in this world the economy has turned good.

hibiscus

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Bitcoin is an electronic asset which is a new form of economy with strong net work systems connected with the modern technology.
Bitcoin is found useful in different ways to the day to day life of human being. Bitcoin is a good investment tool and it can be used for the day trading since it is volatile in the market.Bitcoin can be used for the local and international shopping.It also used for the domestic service bill payments etc.So its popularity has wide spread world wide and bitcoin can be used as a future global economy.

nano77

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the government should be able to see that bitcoin has helped the economy a lot and has overcome some problems of unemployment, they can earn income from bitcoin and have an increased economy

Henry Sy

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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?

For what reason not? It can possibly be the fundamental money of the world. Bitcoin is a technological innovation and as a human, we need changes to our economy and to the entire society. Bitcoin brings straightforwardness and decentralization. Be that as it may, because of the restricting of different nations, bitcoin has struggle to end up the fundamental cash on the planet.

bizalaz

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I am also interested in this issue and I think that the chances are for such activity and place in our environment and the environment of currencies. But cryptographics consider it an investment opportunity, not a form of payment. Therefore, this is a controversial issue. But of course, what can be like that.

Topic: Bitcoin and Future of Economy! - page 6. (Read 2933 times)