Bitcoin and Future of Economy! - page 9.

Harrow30

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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?

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.

ogabonny

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Many countries will not adopt bitcoins as their national currency in the future but may adopt some form crypto based on the blockchain ,controlled by the central bank

ylnar123

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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?

No, Bitcoin will not be a main currency in a country but it will remain to sustain the balance of Fiat and digital currencies. Even with it's stable price, bitcoin is still sustainable to the point that Fiat cannot even match but the volatility of it is the reason why it will not be a main currency.

Escan0r

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Bitcoin and the future of the economy will probably be one thing because I believe in bitcoin in the future will always be used because of its easy use and fast and safe transactions. Surely people will dream of having such a transaction tool.

South Park

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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?

Probably not, but the question is do we really want that, I do not want governments holding huge amounts of bitcoin because they could burn them or they could just hold them, we want bitcoin to be as far away and as free from the governments of the world and if we are unable to do that governments will find a way to try to subvert bitcoin and destroy it.

Jannatul Shefa

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If bitcoin accepted by all country or legalize by every country then the future of economy is bright. Bitcoin will directly take place in the future of world's economy. Economically the country and the ordinary people will be successful and rich which will affects on economy directly and surely.

Angela28

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The more economically liberated it is, the richer it is. The smart government will continue to support Blockchain and virtual money. Virtual money will continue to create more efficient markets; The market with most consumers and surplus producers

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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.

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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 all flows away, the volume of bitcoin users is growing, and some countries have tried to legalize bitcoin by regulating it so bitcoin can be monitored including some small countries whose economies are more advanced because of the large population who use bitcoin.

Angna27

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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 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.

Pancho95

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That would mean that bitcoin is stable and reliable unit witch it is not. So it would be stuped regulating bitcoin as the real money would lose its value from day to day with dumps and pumps. That would cause the crises with big consequences.

icreative998

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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's hard to bitcoin a real money. Because as we know, Bitcoin is gold or resources, one day it will end and one can only treat it as a trading tool, a valuable commodity. So, people often view bitcoin as a kind of asset that is used to trade instead of money

elimi

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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.

chalkboard17

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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.

Since bitcoin is yet to be regulated in some countries and even banned in other areas, becoming a main international currency does seem like a fantasy to bitcoin. I think the answer for this lies in the nature of bitcoin and what it could do to the governments and their monetary system. Take my country as an example, although there is no laws imposed on bitcoin and cryptocurrencies, the government has started to pay more attention to bitcoin in a negative way and they think that bitcoin is just another tool for criminal actions. Therefore, they try to limit the use of bitcoin and I heard on the grapevine that they will ban bitcoin some day. I surely don't hope that this is the future for bitcoin here.

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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 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.

JohnWick_Bitcoin

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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 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.

Michael_Cox

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Well many people think that btc is the future of the economy because usually every 100 years there is a whole new idea that takes over. It's possible that bitcoin can be a major digital or cryptocurrency in the Global platform. Bitcoin is the mother of cryptocurrency and I'm sure if it's not bitcoin that will be use widely, we owe it all to bitcoin. All the alts right now is like a version of bitcoin that is being developed. Let us see, it will be in a near future that people will likely us it. But lets wait and see what happens, there is a lot of optimism and pessimism around the whole idea.

concept2

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Quote from: zeaderza on July 28, 2018, 01:48:08 AM

Quote from: Btcmaeng18 on July 19, 2018, 06:42:16 AM

Quote from: crzy on June 14, 2018, 09:54:26 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.

That is right. Just recall the Solow growth model and we can say that even if all the factors of production are fully employed, we can improve the output by involving technology in the production process. Also the improvement and advancement of technology further contributes to the growth. So the involvement of Bitcoin can really give a forward push to the economy.

I concur that bitcoin will have such bright and promising future but it would take a long time for bitcoin to be fully accepted by all nations and become an international currency. From my perspective, bitcoin doesn't stand much of a chance of completely replacing fiat money, at least in the near future since fiat currencies have been around for thousands of years and played a key role in people's lives. However, I think bitcoin would be an efficient, profitable alternative to fiat money and with its cutting-edge blockchain technology, it would surely change the world's economy for the better.

jeronimosuykens

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Quote from: MNDan on July 24, 2018, 07:25:38 AM

If we will fresh and open to a new ideas here I think bitcoin will be the great helper and supporter for the existing economy system in the world.

Electronic money is very popular in the financial world. And at the same time it is well received from the community of nations in the territory. It has made the economy boom and especially for human life such as payments and other transactions very quickly. In the future it will do more.

webdevmastery

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Quote from: arpon11 on July 24, 2018, 02:46:11 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?

Bitcoin is going to be number world currency and that may happen before 2030. Many countries are studying bitcoin and blockchain technology and how to adopt it into they financial system. The current good news coming into the market is also a sign that bitcoin is going to recover.

I agree on that, bitcoins is always the number one cryptocurrency in the market because most of the people are preferring to invest on this coin more than other altcoins and that is the reason why crytocurrency will have a very bright future.

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