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Topic: Bitcoin as a world power? - page 5. (Read 2053 times)

sr. member
Activity: 910
Merit: 253
Hodlers Network
November 19, 2020, 06:56:38 PM
#82
As distant as crypto ventures are concerned, Bitcoin is certainly the gold. But in the event that we are to consider all the rest of the speculation choices counting gold, I would not say Bitcoin rules them all.
Bitcoin is one among numerous valuable resources but I would not say it is way better than gold in all aspects. Investment portfolio expanded is continuously perfect way to go which implies an speculation portfolio ought to continuously incorporate gold in it. Gold is proven with a really solid track record. I do not think a astute portfolio will not incorporate it.
sr. member
Activity: 1246
Merit: 285
November 19, 2020, 06:05:20 PM
#81
~snip
The mere fact that fiat currency were legally adopted and implemented by the government makes it the most reason why people still can't go off with this currency. What i really meant was bitcoin was a strong currency, a good investment with the current maket cap of almost $17000 no doubt that investors well continue to come with us but the only concerned raised by each member was the decentralized status of crypto. I think legalization still has a huge part for a bitcoin to be able to become world power.
although the legality is still weak, bitcoin is recognized as having extraordinary benefits. Bitcoin can overcome many problems that become obstacles in the conventional financial system. that is why there are several countries that are open to crypto. It's just that, the negative side related to decentralization that cannot be controlled and has the opportunity to be used for illegal activities has made most countries limit this.
We must be wise in dealing with this. all things also have negative and positive sides, the important thing is we can take advantage of them. There will always be cons, which is clear that the adoption of bitcoin is getting wider, this indicates that crypto is starting to be received well.
jr. member
Activity: 127
Merit: 1
November 19, 2020, 12:06:42 PM
#80
Bitcoin being a world power in my opinion is not as easy as imagined.
Maybe in the future people will use digital money but do not use bitcoin but use other money in the form of digits like bitcoin and maybe pegged to the price of bitcoin. And surely gold is always at the forefront.
hero member
Activity: 1498
Merit: 586
November 19, 2020, 11:47:16 AM
#79
This will increase the creativity in bitcoin world.Have we thought of this, I’m seeing bitcoin leading the world as the world power cryptocurrency.If a president of the world power is a trader and in support of bitcoin, It will affect bitcoin positively, countries,people will now start to legalize bitcoin on their own.So it will be great if this happens, I do understand that bitcoin is not a physical cash, that doesn’t stopped anything,You can move with millions of dollars in your wallet as bitcoin. It will be a positive impact if this happens.

As much as we wanted Bitcoin or to see Bitcoin leading the world as the world power cryptocurrency, it will still fall short of the fiat currency being implemented by the government.  And if ever the government issue a cryptocurrency then Bitcoin won't be the leading power of cryptocurrency since each country will vouch for each created cryptocurrency that renders BTC as an alternative and never be the main crypto that is used by every citizen of the world.

The mere fact that fiat currency were legally adopted and implemented by the government makes it the most reason why people still can't go off with this currency. What i really meant was bitcoin was a strong currency, a good investment with the current maket cap of almost $17000 no doubt that investors well continue to come with us but the only concerned raised by each member was the decentralized status of crypto. I think legalization still has a huge part for a bitcoin to be able to become world power.
sr. member
Activity: 2436
Merit: 455
November 19, 2020, 07:45:47 AM
#78
Bitcoin would eventually be a world power as many countries are slowly adapting and welcoming bitcoin. Bitcoin is currently leading and at the top of the list of cryptocurrencies. In no time, bitcoin would probably be used globally by different races because of its advantages and benefits.

There are still countries that have banned and made bitcoin illegal. However, many countries and states are starting to embrace the digital currency since it has few promising nature and features. Several government officials in other countries allowed bitcoin to be utilized and used by their citizens in accordance to the rules and regulations they have set. If ever the majority of the countries would start to do the same, bitcoin would really gain that world power. If the majority of the population is using something, it could bring a great influence. If ever bitcoin would be widely known and would have a lot of users and supporters, bitcoin community would grow bigger and bigger. This would signify power and control - some sort of domination.
full member
Activity: 630
Merit: 102
November 19, 2020, 02:29:45 AM
#77
This will increase the creativity in bitcoin world.Have we thought of this, I’m seeing bitcoin leading the world as the world power cryptocurrency.If a president of the world power is a trader and in support of bitcoin, It will affect bitcoin positively, countries,people will now start to legalize bitcoin on their own.So it will be great if this happens, I do understand that bitcoin is not a physical cash, that doesn’t stopped anything,You can move with millions of dollars in your wallet as bitcoin. It will be a positive impact if this happens.

As much as we wanted Bitcoin or to see Bitcoin leading the world as the world power cryptocurrency, it will still fall short of the fiat currency being implemented by the government.  And if ever the government issue a cryptocurrency then Bitcoin won't be the leading power of cryptocurrency since each country will vouch for each created cryptocurrency that renders BTC as an alternative and never be the main crypto that is used by every citizen of the world.

Since the last 10 years bitcoin has gone through a long process, Bitcoin is still having trouble leading the world as a Cryptocurrency currency, and not all countries recognize bitcoin as a good impact for every country, not even all countries accept bitcoin growth in their country, maybe a developed countries that will issue licenses to ensure the growth of bitcoin as an alternative currency for each of its users in developed countries, even though some countries do not get permission from their government, at least there are some countries that have made breakthroughs to prove that bitcoin and cryptocurrency are good for petrify the country's economic growth ..
legendary
Activity: 3010
Merit: 1280
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November 18, 2020, 04:12:46 PM
#76
This will increase the creativity in bitcoin world.Have we thought of this, I’m seeing bitcoin leading the world as the world power cryptocurrency.If a president of the world power is a trader and in support of bitcoin, It will affect bitcoin positively, countries,people will now start to legalize bitcoin on their own.So it will be great if this happens, I do understand that bitcoin is not a physical cash, that doesn’t stopped anything,You can move with millions of dollars in your wallet as bitcoin. It will be a positive impact if this happens.

As much as we wanted Bitcoin or to see Bitcoin leading the world as the world power cryptocurrency, it will still fall short of the fiat currency being implemented by the government.  And if ever the government issue a cryptocurrency then Bitcoin won't be the leading power of cryptocurrency since each country will vouch for each created cryptocurrency that renders BTC as an alternative and never be the main crypto that is used by every citizen of the world.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
November 18, 2020, 03:01:36 PM
#75
what is a world power and why it can increase creativity .
What I've caught from @op understanding is that with the independent nature of bitcoin, people can increase creativity that fiat has never offered.
In my opinion bitcoin is the power of freedom. We know that bitcoin's goal is not to oppose and fight against anything. Bitcoin is only for people who like freedom without breaking the rules.
For me it still doesn't make much sense, but I agree when you say bitcoin's goal isn't to oppose anything, but to give people freedom without breaking the rules.
I think bitcoin is more about opportunity than creativity, because thanks to the digital currency, besides the speculation which can grants us profit, there is also a lot of new job and tasks offers on the internet. Without bitcoin I doubt they would exist. Maybe with opportunities the creativity awakes in people's minds, who knows... A bit philosophical here.
jr. member
Activity: 278
Merit: 1
November 18, 2020, 02:34:02 PM
#74
Bitcoin is the best assets in the world to invest on, or trading with, because bitcoin is a global usage, and also secure on the digital form, without stress, having said that bitcoin taken over world power is added more advantage in the cryptocurrency community.
sr. member
Activity: 1918
Merit: 370
November 18, 2020, 02:07:26 PM
#73
The current world power will not allow bitcoin to become something more than it is now. But it would be interesting to see what happened then.

Anything can happen in the next 10-20 years, who knows about bitcoin at that time, as Satoshi said about bitcoin in 2010; in 20 years there will either be very large transaction volume or no volume. we will find out in 2030.
It'll be in 10 years, but we can clearly see it happening. If people still don't believe on bitcoin despite the price and it's massive exposure on mainstream then they will regret it in 10 years wishing they should've invented a time machine.

Not all governments are agreed to ban bitcoin or legalize bitcoin, like in Japan.
Still bitcoin is untouchable, I didn't see any of countries having a standard or at least metal hand law against crypto except banning it.

If what he meant was bitcoin as the currency that will dominate the world upon traditional fiat currency, it depends on people's choice.
Even if the government ban bitcoin, we can still use it by using a VPN to access overseas exchanges, yet bitcoin still can't accommodate a global scale at one time.
  Decentralization might be favorable for all people, who does not want to take care of their own assets?
hero member
Activity: 1778
Merit: 709
[Nope]No hype delivers more than hope
November 18, 2020, 01:10:22 PM
#72
what is a world power and why it can increase creativity .
What I've caught from @op understanding is that with the independent nature of bitcoin, people can increase creativity that fiat has never offered.
In my opinion bitcoin is the power of freedom. We know that bitcoin's goal is not to oppose and fight against anything. Bitcoin is only for people who like freedom without breaking the rules.
full member
Activity: 1638
Merit: 122
November 18, 2020, 11:47:49 AM
#71
what is a world power and why it can increase creativity . i dont know if your sentence is too deep or your using words that are out of this world but hey i think i get what your trying to say . you mean that if you hold the most bitcoin that shows that you are powerful because you think bitcoin symbolizes power, is that right ? bitcoin isnt leading the world but it is leading the world of cryptocurrency  .

every country wants power but btc isnt enough because btc doesnt dominate everything. that is why i dont think other countries will unban btc just to join this movement .
full member
Activity: 364
Merit: 105
Dolphins Finance TRUSTED FINANCE
November 18, 2020, 11:27:03 AM
#70
This will increase the creativity in bitcoin world.Have we thought of this, I’m seeing bitcoin leading the world as the world power cryptocurrency.If a president of the world power is a trader and in support of bitcoin, It will affect bitcoin positively, countries,people will now start to legalize bitcoin on their own.So it will be great if this happens, I do understand that bitcoin is not a physical cash, that doesn’t stopped anything,You can move with millions of dollars in your wallet as bitcoin. It will be a positive impact if this happens.
IMO, even thou it will affect Bitcoin positively and became legalized. I do expect that the government/the one with a power will try to monopolized the most number of it in order to have a better control on the market and society so it's a drawbacks for the simple Joe's and bounty hunters.
full member
Activity: 666
Merit: 108
November 18, 2020, 07:30:35 AM
#69
Surely, this is profitable for the bitcoin users but it won't happens earlier. A fixed number or sector of people is leading and getting money with transaction fee samely as bitcoin. But as the bitcoin is way more transparent and easy to use also we can get or sent it instant so other methods will be destroyed if  a president supports bitcoin.
hero member
Activity: 2324
Merit: 562
DGbet.fun - Crypto Sportsbook
November 18, 2020, 05:27:44 AM
#68
This will increase the creativity in bitcoin world.Have we thought of this, I’m seeing bitcoin leading the world as the world power cryptocurrency.If a president of the world power is a trader and in support of bitcoin, It will affect bitcoin positively, countries,people will now start to legalize bitcoin on their own.So it will be great if this happens, I do understand that bitcoin is not a physical cash, that doesn’t stopped anything,You can move with millions of dollars in your wallet as bitcoin. It will be a positive impact if this happens.

You mean the US president will inverse in cryptocurrency.Actually if the president inverse in cryptocurrency,it won't be find by anyone.It will be a top secret one.And the transaction through crypto currency was not traceable one.Only if the world trader accept it as a phical currency,it will be a paper currency.
legendary
Activity: 2030
Merit: 1189
November 18, 2020, 04:28:02 AM
#67
I will say you are right, but let us know that bitcoin is valuable than to be used only one person to referred to its progress, without Biden, bitcoin has been growing, it is supported by people because it is decentralized and deflationary currency. This means that even without Biden, bitcoin will still grow the more because more people will support it and be using it.

I agree. Although there are a few out there who can't recognise BTC as a digital currency and a few who do, at the end of the day what's important is adoption by the majority.
Even if public facing personas like Biden recognise the power BTC entails, the major role is still about the rest of the world responding in a positive manner.

Given the current state of the BTC it look likely that more people will join the BTC market just like they did in 2017, and that would contribute greatly to increasing BTC's marketcap which is what's needed to see the abundant growth everybody expects/talks about.
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Activity: 994
Merit: 11
Daxetoken.net
November 18, 2020, 04:23:37 AM
#66
This will increase the creativity in bitcoin world.Have we thought of this, I’m seeing bitcoin leading the world as the world power cryptocurrency.If a president of the world power is a trader and in support of bitcoin, It will affect bitcoin positively, countries,people will now start to legalize bitcoin on their own.So it will be great if this happens, I do understand that bitcoin is not a physical cash, that doesn’t stopped anything,You can move with millions of dollars in your wallet as bitcoin. It will be a positive impact if this happens.

I think people like a decentralized bitcoin rather a centralize one which is under control of the government. But on the other side, you're right! If the leader of one country engage in crypto and make it legal, of course His fellowmen will also patronizing it. It has a huge impact to bitcoin and another digital currency , but what will be the effect of it to us?
copper member
Activity: 966
Merit: 5
November 18, 2020, 04:13:10 AM
#65
This will increase the creativity in bitcoin world.Have we thought of this, I’m seeing bitcoin leading the world as the world power cryptocurrency.If a president of the world power is a trader and in support of bitcoin, It will affect bitcoin positively, countries,people will now start to legalize bitcoin on their own.So it will be great if this happens, I do understand that bitcoin is not a physical cash, that doesn’t stopped anything,You can move with millions of dollars in your wallet as bitcoin. It will be a positive impact if this happens.

Bitcoin gained prominence due to its high level of trust, it also grew due to its decentralized nature, it means that, what Bitcoin offers is what is driving its growth. Although it's quite true that if the president of a world power support Bitcoin, it will grow even more but it is also good to remember that Bitcoin has been growing even without their support, further showing that with or without their support, Bitcoin is on the path of changing a lot of things in the world. However, looking from another point of view, it might be hard for a president to say that since it is obvious they can't control it, and what they can't control they might not support so that they won't lose their power.
Lastly, Bitcoin is already the world leading cryptocurrency because it can be trusted and can be accessed from anywhere in the world, but same can not be said of  the new digital currency created by central banks of some countries.
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Activity: 518
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November 18, 2020, 02:29:19 AM
#64
This will increase the creativity in bitcoin world.Have we thought of this, I’m seeing bitcoin leading the world as the world power cryptocurrency.If a president of the world power is a trader and in support of bitcoin, It will affect bitcoin positively, countries,people will now start to legalize bitcoin on their own.So it will be great if this happens, I do understand that bitcoin is not a physical cash, that doesn’t stopped anything,You can move with millions of dollars in your wallet as bitcoin. It will be a positive impact if this happens.

You must hope that Bitcoin gets the attention it needs from the Government and from there, we can say that it has the possibility of being a World Power. Bitcoin is already legal to use but in some countries they are being banned out because of the lack of knowledge of the people banning it. It will be a useful tool to be used but some developers are also pursuing into digitizing their local currencies. All we can do now is keep supporting Bitcoin and learn about its future developments.
sr. member
Activity: 1302
Merit: 270
November 11, 2020, 09:09:00 PM
#63
It could be that what you say comes true but a president cannot make his own decision to legalize Bitcoin in his country, because the president has to discuss it with other important people to make sure Bitcoin is legalized in their country, if everyone agrees and it is definitely safe to use Bitcoin in its own country.
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