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Topic: Bitcoin being a top currency - page 3. (Read 807 times)

legendary
Activity: 966
Merit: 1042
October 07, 2017, 10:18:05 PM
#28
Lol no one actually spends physical bitcoin in the way you spend a physical dollar. They exist only for either nostalgia or novelty purposes. If you accepted them it would be impossible because the coin makers make small batches and they're all so different.
hero member
Activity: 1470
Merit: 655
October 07, 2017, 10:09:36 PM
#27
i don't know if the mention of "physical bitcoin" was related to your question or not but remember that "physical bitcoin" is mainly a collectible than being for usage. as a collector you buy it and keep it among your collections of valuables. it can even be an investment. these coins contain bitcoin in their keys after all so you gain profit on them on top of them being a rare item.
sr. member
Activity: 574
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
October 07, 2017, 10:02:58 PM
#26
Bitcoin is a very fast booming and rising currency and I have been hearing about there being a physical bitcoin I mean in the form of a metal. Now if this is possible I would like to know if bitcoin would be a generally accepted means of payment in the next years to come and what are the possibilities of other currencies meeting it( I mean in demand and supply)
Bitcoin is the most popular cryptocurrency. I believe that this is the father of all cryptocurrency. It is the first one that was created in this world of crypto. What do you mean by generally accepted means of payment? Like making bitcoin as the payment for example ordering a pizza? Well there is one traveler that made it possible. He only have 100 usd and having 3 bitcoins on his acc and he visited to cities.
full member
Activity: 448
Merit: 100
CRYPTOCITIZEN $CCASH
October 07, 2017, 09:50:01 PM
#25
bitcoin has become so popular now.I think it wii the top currency. even people are now like bitcoin so much.
full member
Activity: 430
Merit: 100
October 07, 2017, 09:39:13 PM
#24
Bitcoin is a very fast booming and rising currency and I have been hearing about there being a physical bitcoin I mean in the form of a metal. Now if this is possible I would like to know if bitcoin would be a generally accepted means of payment in the next years to come and what are the possibilities of other currencies meeting it( I mean in demand and supply)
Bitcoin enjoys the first mover advantage among cryptocurrencies. There are potentially and technically better altcoins than Bitcoin. But they are no where near to Bitcoin's marketcap or popularity. Regarding its adoption. Indeed the adoption rate will increase with time. This year only, many merchants have started accepting Bitcoin as a payment with Dubai apartment being sold for Bitcoin being the major one. Trend is surely to continue in future.
full member
Activity: 448
Merit: 100
October 07, 2017, 09:34:53 PM
#23
Yeah! Indeed bitcoin is now the top currency in the crypto-currency world. Most popular among all coins and are being used by more people. It has higher value among other coins and established a strong credibility in the market.
legendary
Activity: 1526
Merit: 1001
October 07, 2017, 09:30:58 PM
#22
Bitcoin is a very fast booming and rising currency and I have been hearing about there being a physical bitcoin I mean in the form of a metal. Now if this is possible I would like to know if bitcoin would be a generally accepted means of payment in the next years to come and what are the possibilities of other currencies meeting it( I mean in demand and supply)
Bitcoin develops gradually every year. Right now we are starting to see a lot of stores that accept bitcoin. This is an advancement because then we can see the bitcoin circulating in society is getting bigger. It may take some time until we can see bitcoin being one of the commonly used currencies. Currently we are still inhibited by regulation and uneven infrastructure in some areas.
sr. member
Activity: 252
Merit: 250
October 07, 2017, 09:24:48 PM
#21
Sure it will, just a matter of time. It's easily used as a payment method online and with online purchases on the rise it only makes sense
hero member
Activity: 1610
Merit: 507
October 07, 2017, 09:19:33 PM
#20
Bitcoin is a very fast booming and rising currency and I have been hearing about there being a physical bitcoin I mean in the form of a metal. Now if this is possible I would like to know if bitcoin would be a generally accepted means of payment in the next years to come and what are the possibilities of other currencies meeting it( I mean in demand and supply)

i think the physical bitcoin is not bitcoin, its different than bitcoin. bitcoin don't have any physical yet and i am not sure if there will be bitcoin physical and i am curious how it looks like. soon after more country approve bitcoin, bitcoin can be use as payment like money itself. but for now, we can use bitcoin in internet and we can do trade for increase our amount. i think bitcoin now is in the top currency and people out there is only know bitcoin than the other coins but after they are in crypto world (in exchanges), they will learn that there is many coins inside the crypto currency world.
legendary
Activity: 1918
Merit: 1728
October 07, 2017, 10:50:45 AM
#19
Bitcoin is a very fast booming and rising currency and I have been hearing about there being a physical bitcoin I mean in the form of a metal. Now if this is possible I would like to know if bitcoin would be a generally accepted means of payment in the next years to come and what are the possibilities of other currencies meeting it( I mean in demand and supply)

Bitcoin is intangible currency and cannot be mold in physical form any how. It works on restricted ecosystem known as Blockchain. When someone send Bitcoins from one address to other, there is no real movement. But there is just transfer of ownership from one address to other. So even if someone says transferring paper wallet is physical movement of Bitcoin, he is wrong as when the other person import keys, he is just transferring ownership, not Bitcoin itself.
sr. member
Activity: 2618
Merit: 439
October 07, 2017, 10:32:26 AM
#18
Bitcoin is a very fast booming and rising currency and I have been hearing about there being a physical bitcoin I mean in the form of a metal. Now if this is possible I would like to know if bitcoin would be a generally accepted means of payment in the next years to come and what are the possibilities of other currencies meeting it( I mean in demand and supply)
The physical bitcoin that you are referring is called "Casascius bitcoin".

https://www.casascius.com

However, I do not think that the physical bitcoin will be mass produce to be used like the usual coins we have. However, you can spend it because the private key is embedded on the coins if I'm not mistaken. So you can import it directly to your Core wallet or Electrum.
sr. member
Activity: 1274
Merit: 263
October 07, 2017, 10:31:42 AM
#17
Bitcoin being a top 'currency' indeed sounds very good and has a possibility.
but if we want to become like that,do not you think that we need a physical to back it up ?
if that thing happen,i think Bitcoin itself will lose its value.
even though we heard about casascius(indeed it's real and you can buy it on ebay),it still do not have any use in a real life.
it's more like a jewelry in my opinion and does not used as a payment method.

in the next few years later on,
every countries will regulated every exchanger,so they can track and record everything that we have.
that time there'll be a time for Bitcoin to get used by people and generally accepted.
sr. member
Activity: 474
Merit: 285
Brave New World
October 07, 2017, 10:30:05 AM
#16
You can get a physical bitcoin as a sort of trinket, but it is essentially useless in of itself

You can however use it to hold your bitcoin(s) key
hero member
Activity: 756
Merit: 504
October 07, 2017, 10:25:33 AM
#15
If government also support bitcoin , everything can happen but my government still forbid bitcoin usage because bitcoin still volatile and can be use for criminal activity which our government are against with it
When I saw China and South Korean decide to accept bitcoin, I think there will be more country and will legalized bitcoin as well
currently most of countries have doubts about bitcoins just because of they cannot control this in last few months we have some positive ways for bitcoins as Japan Taiwan giving soft policies for this and China is also working on this hope this could help and bitcoin could be top currency but still long way to go for this journey
full member
Activity: 546
Merit: 100
October 07, 2017, 10:18:48 AM
#14
Yes I hope so in the near future bitcoin will be the top currency it has the potential because the transaction of this crypto currency is increasing day by day which will make the future of bitcoin bright. In a simple saying bitcoin get much popularity in a very short time which is the sign of success. Therefor we should invest in this type of currency to get excess amounts in the future.
hero member
Activity: 616
Merit: 502
October 07, 2017, 10:17:42 AM
#13
Bitcoin is a very fast booming and rising currency and I have been hearing about there being a physical bitcoin I mean in the form of a metal. Now if this is possible I would like to know if bitcoin would be a generally accepted means of payment in the next years to come and what are the possibilities of other currencies meeting it( I mean in demand and supply)
I too heard about these physical bitcoin which are called casascius coins which has a bitcoin valvue depending on the material and its balance.  Casascius coins has a paper like thingy inside it which has a private key embedded into it that has Bitcoins inside once redeemed. So yeah, it's like a paper wallet and nothing more.
legendary
Activity: 1148
Merit: 1006
Black Panther
October 07, 2017, 10:01:29 AM
#12
If government also support bitcoin , everything can happen but my government still forbid bitcoin usage because bitcoin still volatile and can be use for criminal activity which our government are against with it
When I saw China and South Korean decide to accept bitcoin, I think there will be more country and will legalized bitcoin as well
sr. member
Activity: 504
Merit: 250
October 07, 2017, 09:56:15 AM
#11
I think there is already a Bitcoin in a physical form like a literal real coin but it is not for paying stuff just like the fiat money. And yes it could be possible in the future once the government would accept bitcoin all over the world as a form of payment even on the over the counter things we buy. But this is really very far from the real thing.
sr. member
Activity: 254
Merit: 250
October 07, 2017, 09:49:44 AM
#10
Making Bitcoin physical would kind of defeat the purpose. I don't think it's possible, but if it is, it won't be sustainable. Also, it having a physical form won't impact acceptance at all, since being digital has never been a problem.
legendary
Activity: 1218
Merit: 1007
October 07, 2017, 09:48:58 AM
#9
Bitcoin is a very fast booming and rising currency and I have been hearing about there being a physical bitcoin I mean in the form of a metal. Now if this is possible I would like to know if bitcoin would be a generally accepted means of payment in the next years to come and what are the possibilities of other currencies meeting it( I mean in demand and supply)
Bitcoin might be a relatively acceptable means of paying for goods and services in a few years, but it will still need a lot of people to be willing to accept Bitcoin or use it in some capacity for that to be a reality. That's going to require a fair amount of growth and activity, and that's something that might not be easy unless there is some considerable demand for Bitcoin, which might be in the form of new people joining the community or just more activity from existing members.

It is unlikely other cryptos will be able to hit the same level as Bitcoin at any part of their lifespan.
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