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Topic: Bitcoin cannot be a global currency - page 40. (Read 5099 times)

hero member
Activity: 728
Merit: 502
June 27, 2018, 05:11:14 PM
Firstly, the price of Bitcoins is fluctuated. And it is not stable. Secondly, Bitcoins is not accepted in all countries.



This problem is not almost solved now each and every country is accepting bitcoin legally and they are allowing the people of their country to sell and buy goods using bitcoin, volatility is being use as an advantage of earning good money as buy at lower price and sell higher, we should keep on investing at any situation so we will play a part to make it legal globally.
newbie
Activity: 71
Merit: 0
June 27, 2018, 02:32:27 PM

The whole world is revolting in a new era, crypto will replace a normal paper money period
It will soon be popular in the world without any other country
newbie
Activity: 11
Merit: 0
June 27, 2018, 08:38:38 AM
Maybe not, but blockchain technology itself will be a part of future for sure.
sr. member
Activity: 2016
Merit: 322
June 27, 2018, 07:59:21 AM
I think Bitcoin was a global currency already because wherever place you are and as long as that place legalize Bitcoin you could use it. In fact, there are some countries are now seen the potential of this coin that's why they allow it to use in few transaction like in local stores. Though there are still some countries who are against it but it might change if it'll introduce well in their place.
But the fact is there are many countries that ban the use of bitcoin, for instance, if you come to my country bitcoin does not apply to be a means of payment. My country's government makes bitcoin as the illegal currency used for a payment. Global currency is maximized is all the use of bitcoin legalized, if you want to exchange money in local exchange in the country is not your place, I am sure with 100% you will not do it. A lot of things have to be met when creating a local exchange account, and I think this applies across the country.

Its impossible to ban bitcoin

Decentralised blockchains can be regulated only  by miners or users. There is no way for humans or governments to regulate bitcoin.

Governments can only accept bitcoin  in their Law systems or ignore it.
Ban is a kind of ignorance
This is something governments have not realized yet, they have no control over the network, they like to think that whatever laws they pass will be obeyed without question but when it comes to bitcoin they have no power and even if in the future they decided to buy bitcoin and mine bitcoin as well the moment they reach some kind of control over the network we can switch to another network more capable of resisting them.
Yeah you are right Many big countries have already legalized Bitcoin in their countries. The future of Bitcoin is very bright and it is a fact that Bitcoin will take over the market in the future.It will be the Global currency and I am enthusiastic to see the time when the whole world will use just one currency around the globe.hope this time will come soon.
jr. member
Activity: 197
Merit: 1
June 27, 2018, 03:36:28 AM
Possibly it'll lead to the creation of a new union which gets various countries as the members and these particular countries will consider it as a currency same as that European Union has got Euro, bitcoin yeah a global currency.
newbie
Activity: 10
Merit: 0
June 26, 2018, 11:01:11 PM
Firstly, the price of Bitcoins is fluctuated. And it is not stable. Secondly, Bitcoins is not accepted in all countries.


full member
Activity: 434
Merit: 100
June 26, 2018, 05:00:40 PM
I believe in the future; bitcoin can completely replace the global currency. Because if the bitcoin price is stable and controlled by the government, then bitcoin will be recognized as a monetary asset.

Yes bitcoin can replace the fiat from our world to become global currency, now we can see how fast bitcoin is being use for all kind of purchasing and all kind of shopping purposes, people have guts to invest in bitcoin even at the falling situation only because they know bitcoin has potential to be high and rise as much as we can get from it, so everywhere in the world bitcoin is being famous as monetary asset.
I do not think that bitcoin can replace fiat so easily, it will surely take a lot of time and may be more than half century, but still its users will continue increasing and it will very soon become a global currency, because people from all over the world will start using it as optional. They will like to use both bitcoin as well as their fiat currency for different purposes.
While it will be nice to have a currency like bitcoin being a global currency since it does not cheat us the way fiat does, at the same time it is not completely necessary, as long as bitcoin is there to offer us an option that is fine, personally it seems to me bitcoin will be adopted by more people until it eventually reaches a critical mass and then many business around the wold will begin to accept it as a form of payment.
sr. member
Activity: 994
Merit: 252
June 26, 2018, 03:44:46 PM
Bitcoin can be the global currency in the not too distant future.

Since it isn't restricted to use in particular countries, and can be used anywhere the seller accepts it.

It is the future of money. It is the new normal.
To some extent you are right, but keep one thing in mind that blockchain is on the bank of bitcoin and they will never let it down and limit it only to investment assets. In the future it will hold the world market and all other currencies will disappear from the market but it will take long time because trust in digital currency will take time for many people.

  YES of course bitcoin is bank for bitcoin because almost every bitcoin holder use blockchain technology to hold his bitcoin for long term, even now almost at every place people prefer using bitcoin than fiat, so those who are aware of bitcoin potential and power will surely be agree with you, many people use bitcoin invest in bitcoin and now it has highest popularity, so after couple of years bitcoin will become global currency.
newbie
Activity: 20
Merit: 0
June 26, 2018, 01:59:39 PM
Need time to prove. When BTC was at $50,000, it would be a lot to say.
newbie
Activity: 238
Merit: 0
June 26, 2018, 08:11:16 AM
Although Bitcoin is not valid in every country of the world, Bitcoin has gained recognition in every country. From this contact, Bitcoin will be recognized as a worldwide currency. There is no human in the world who likes Bitcoin and does not want to earn money from Bitcoin. So, just waiting for that time, Bitcoin will be known as the global currency.
jr. member
Activity: 252
Merit: 4
June 26, 2018, 01:42:09 AM
It can be adopted globally as a means of transferring assets, but to become the global currency, it would have to undergo regulations. Hence, coming out of the shadows and under the umbrella of financial regulatory bodies.
member
Activity: 294
Merit: 23
June 25, 2018, 04:41:58 PM
Perhaps we see the price of bitcoin for the last time! And it is possible that even now he was sacked in an "artificial" way, so that big players could buy cheap!
I'm only doing what I buy, I can not lose this opportunity !!!
hero member
Activity: 1078
Merit: 501
June 25, 2018, 03:32:24 PM
This is just the beginning of cryptocurrency. The beginning of human is human not the monkeys.They are a different specie lol
Well even then bitcoin is so high lighted among all currency, there are a lot of coins in market but still everyone loves to buy bitcoin, as it has more potential and more value, I am pretty sure in every country this is world would use bitcoin OP has announced bitcoin as global currency o that means soon everyone in the world will have to accept bitcoin globally.
newbie
Activity: 44
Merit: 0
June 25, 2018, 02:00:23 PM
Many countries have accepted the BTC in service payments.
member
Activity: 434
Merit: 13
June 25, 2018, 01:33:38 PM
Of course, Bitcoin can be a world currency. However, Bitcoin is not valid in all countries. But seeing the popularity of Bitcoin,it will be the world currency for a time.Only the bitcoin has been known in all the countries, which could not make any other coins.Everywhere they are Bitcoin,world Currency Will be.
Yes, you are right. Bitcoin can be the world's currency. But does the government in every country give permission. In some countries they have laws to use currency. So let's encourage the government to legalize Bitcoin as a means of payment.
newbie
Activity: 26
Merit: 0
June 25, 2018, 11:37:29 AM
This is just the beginning of cryptocurrency. The beginning of human is human not the monkeys.They are a different specie lol
full member
Activity: 360
Merit: 100
June 25, 2018, 05:23:54 AM
No it is not right concept. Bitcoin has a good response in many country. But it is mostly using now on developed countries. Bitcoin can be a world currency. But unfortunately, Bitcoin is not valid in all countries. But seeing the popularity of Bitcoin,it will be the world currency within short time.
newbie
Activity: 168
Merit: 0
June 24, 2018, 07:44:02 PM
I think the possibility of having a cryptocurrency to be globally used have a slim posibilty. but it's not impossible tohappen, there are just some issues that needs to be address prior it could be implemented.
hero member
Activity: 1078
Merit: 507
June 24, 2018, 07:08:21 PM
This is a good hypothesis but I don't believe in such possibility as Bitcoin is airway becoming a global curreny and in the coming days more and more people are joining this curreny.
full member
Activity: 524
Merit: 100
June 24, 2018, 08:42:01 AM
Bitcoin can be the global currency in the not too distant future.

Since it isn't restricted to use in particular countries, and can be used anywhere the seller accepts it.

It is the future of money. It is the new normal.
To some extent you are right, but keep one thing in mind that blockchain is on the bank of bitcoin and they will never let it down and limit it only to investment assets. In the future it will hold the world market and all other currencies will disappear from the market but it will take long time because trust in digital currency will take time for many people.
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