Bitcoin and Future of Economy! - page 7.

Dasvino

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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?

yes I agree you, but I think bitcoin can't be the first currency in the world because there are some that doesn't have bitcoin, and bitcoin is just a digital currency that is perfect for being money in the virtual world.

Lisadavis87

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I think when bitcoin is accepted by all countries, the economic growth of the country will be more effective. Now the bitcoin price is not stable, it is facing a lot of ups and downs. The current market situation is not good for bitcoin and other altcoins. Many countries now legalized bitcoin with some rules to use. At the same time, many countries are banned. If a country succeeds in economic growth then other countries also accept as legitimate.

iv4n

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Most of you needs to understand that this economy we know will be reshaped in very close future, sooner or later I say. It`s inevitable to happen, and what will be the biggest change of them all, of course complete digitalization, digital technologies to change a business model and provide new revenue and value-producing opportunities. And all that is blockchain, smart contracts, digital id saved in some chain, you will have signature, and how can I verify it`s you, you will sign a message and I will know, it`s blockchain and that`s happening around. This isn`t a question anymore, world will change and there isn`t anything else except blockchain that can provide what the world needs in new digital era, the ones who doubt will be left in the history.

zakariajaki

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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?

My answer is simply true, because buying and selling remain in front of the ordinary currency or the dollar even though there are many world currencies, but the dollar remains standard will certainly benefit the dollar as a standard currency and bitcoin as buying and selling, hopefully useful and success for all of us

AaronVaughn

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the future of Bitcoin. will probably stand and develop in the next 1-2 years but may in the next decade Bitcoin gradually exhausted and hard to stand in the future

DaughterOFbitcoin

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Quote from: JohnWick_Bitcoin on August 01, 2018, 08:10:10 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?

In my own opinion, bitcoins can be the main currency of a country only if those government are going to legalize cryptocurrency in their country since most of the people today wants faster transactions.

Many countries are in consideration and are very close to adopt the system of Bitcoin in their countries and these are those countries who were against it but now they have realized its importance by observing the progress of other countries with the Bitcoin. It contributes more to the economic growth of a country and we know that we search for benefit so all the other countries will realize as well about it.

BoisclaiR

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Quote from: BTCGOLD on August 01, 2018, 11:06:55 AM

Quote from: Angna27 on August 01, 2018, 10:55:20 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?

I think no,, because many country cant accept bitcoin as their currency, Hopefully in the future they see what potential bitcoin do, if this happen i think can help economy in one country. We dont know if this happen but i believe in bitcoin.

Bitcoin could be made legal in those countries, we don't need to wait till some countries will make bitcoin as their currency it will be enough if they will change the law and say that crypto could be used in their country.

That will surely be a very good news I think, we are expecting that very soon we will hear such news from some countries. In fact my country still do not take any decision about bitcoin, but I am sure that they will hopeful turn bitcoin a legal currency and will allow us to start using bitcoin for different purposes.

stellgod

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Quote from: elimi on August 01, 2018, 09:27:42 AM

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.

Rosa Paula

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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?

Although the government might be prepared to direct bitcoin by one means or another to balance out bitcoin costs notwithstanding assuming I feel it is extremely hard to attempt and do. I am sure bitcoin won't be the world's major financial monetary standards. because of bitcoin is definitely not a physical money, bitcoin is basically an advanced cash that is to a great degree conceivable to be a high-esteem computerized quality.

chaukhchi

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in my opinion bitcoin will not be able to become the world's main economic currency now or in the next few decades, because bitcoin will remain the main currency for the crypto economy and not for the world economy.

Noval121

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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?

will never be able to. but bitcoin can help someone to help earn more money. so that one's economy will be helped and reduce the poverty rate in that country.

jhon15

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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?

Of course saka I think, bitcoin which is currently very often used by people and has more and more demand,So I think it's right for bitcoin to be the world's currency, let alone bitcoin is one of the most modern future investments,

AbuSarap1

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Its conceivable yet it make take a long time before it happen. Bitcoin may expand its esteem yet it will experience considerable difficulties to get in the primary market the world over. Possibly the entire digital currency can be a decent option for a fiat cash yet it will never be the primary money I think. Our legislature will dependably discover approaches to ensure fiat cash, yet a minimum digital money will be acknowledged the world over later on.

Jimitieu

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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 will hardly become the world's currency which will be considered as a valuable resource and used to communicate with each other. Because with gf that bitcoin can do, it's more of a currency, because its nature is far from normal, so I think Bitcoin can do even better in the future.

South Park

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I am terrible at Fantasy Football!!!

Quote from: bungphe on August 01, 2018, 08:01:38 PM

In order for btc to become the main store of value, majority of the population must agree on that it will be so, since btc does not have any intrinsic value; the value of btc is decided purely by demand for btc.
So, my answer is no. Btc is not the future of our economy.

Nothing has an intrinsic value, fiat only has value because the governments of the world say it does, but what it is going to happen when the people stop trusting the words of their governments? Fiat will lose all its value, bitcoin at least is a new technology with the blockchain backing it, so the bitcoin network has some value, it is impossible to know how high is that value but we try to discover that every day in the market of cryptocurrencies.

Rony24h7

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Well, I love to answer this question. I love to show the people what will happen next in the near future. See before some centuries ago if you tell anyone that he just not can talk to someone but also see him live what he or she is doing right now in that time people. Will tell you that you have gone mad you are crazy and all the bully things as possible but now we know these things are possible for blessing of modern science no doubt. So now we can not see this thing happening but very soon the time is coming when people do not feel comfortable to carry paper cash as a currency they love to be modernized them self as a result the technology will get auto priority. So this thing will happen very soon in near future. As many days advance those countries who are not accepting the cryptocurrency they are bound to accept that.

Soneo

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Quote from: coinhunt on July 13, 2018, 08:58:51 AM

I'm pretty sure that it can become a sort of international currency. I even suppose that countries, in which BTC is banned, will accept it someday. I mean after they’ll see how profitable it might be.

I think our Government will always find a way to protect fiat money, but at least cryptocurrency will be accepted worldwide in the future.
That's possible but it took decades before it happened. Bitcoin can increase its value but will have a hard time getting into major markets around the world. Maybe the whole cryptocurrency can be a good alternative to paper money but it will never be the main currency

baby02

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In some countries where bitcoin is already legal I can say that bitcoin helps a lot for their economy. Just for example to mention Japan and South Korea they already made bitcoin legal, their government get taxes from exchanger and it helps the economy and its citizens getting extra income.

stasiulman

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Bitcoin may well become a world supranational currency. In the future, the global banking system can become available to more users using bitcoin. This will positively affect on the financial position of people and monetary relations and the world market.

BitcoinMarketer39

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Quote from: Harrow30 on August 01, 2018, 06:42:20 PM

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?

As at today we are still experiencing the controversy of having the bitcoin become universally accepted. A lot of factors are still militating against the bitcoin becoming the main currency of world economy. Part is the bitcoin volatility which is still under strong scrutiny for a real control.

In my own opinion, not every country can handle the growth of cryptocurrency and that is the reason why not every government are allowing bitcoins in their area but governments should accept that cryptocurrency will be part of the industry because it helps different people's life.

Topic: Bitcoin and Future of Economy! - page 7. (Read 2933 times)