Topic: Bitcoin cannot be a global currency - page 56. (Read 5119 times)
sure, the technology of bitcoin is too old.but now btc is still the king of cryptocurrency. I think bitcoin is gold, ethereum is gas for now
Never think such will ever happen, it might just be use by most advanced countries, and moreso, the volatility of bitcoin will not always allow that because i cant just imagine a reason where the financial position of a bank will be fluctuating because of price change..
I strongly agree, because bitcoin can not be a global currency because there are some countries that can not accept the existence of bitcoin, and the global currency is still controlled by fiat. but bitcoin can replace the payment system through the internet.
I think bitcoin is too young for now to be a global currency I mean there's a lot needed to be consider before it will use worldwide and it will take years or decades to be like a real currency. And so we should be enjoying these moments when bitcoin is still affordable for everyone as when bitcoin will be used globally surely the demand will increase.
Bitcoin is already being used as global currency..many people in different country in the world is already using btc regardless of its legality in their nation.. acceptance and security is the key to its existence..many people every day are being aware of the existence of btc and seeing its potentiality as currency..
Well, I think it's possible but not in this time. Cause it's clearly that the bitcoin is the official and top crypto currency that you may use in different country. It's depend on what will gonna happen in the future, no one knows. But all things is possible.
Bitcoin cannot be a global currency: because no power has ever done it. But I do not know what to show us next time. Nearly 200 countries can use a single currency in half of these countries, but it is impossible to combine southern america and eastern asian countries under a single currency.
Honestly, reading your post actually got me confused the more as to what you are implying exactly.Bitcoin is already being used internationally between one country and the other, which absolutely makes it global. Are we in the level of huge adoption yet ? No, but this is a start and we are going to be heading there eventually. In a nutshell, people are gradually beginning to see what makes bitcoin useful and valuable as a currency and that is what would make it possible.
it also has ability to become a global currency but it’s not more common than fiat. As far as you know that bitcoin is going more viral recently and even quickly. The numbers of people keeps an eye on it is significantly huge and almost it is covered all over the world. What more, there are some countries right now accept bitcoin as a real currency although it’s not a paper money. Therefore bitcoin can be a global currency which is used by bitcoin users. We can take it as an extra currency which can help us pay for what we buy and use around the world and this is really great!
I wonder why we keep saying it has the ability when it is of course already being used globally. Gone are those days when I would have to start sourcing for dollar in my country just to send to a merchant in Japan as an importer. I can easily just send bitcoin from my country without any hassle at the comfort of my home from my wallet and then get my consignments.If that is not global already to anyone, I wonder what else is called global. One day or other, bitcoin will definitely become as a global currency of the world for the people who adopt digital systems and for the rest of people it may take century of time to serve them as a global currency.
I agree that bitcoin cannot be a global currency. Bitcoin and other crypto currencies are highly volatile. This means the value of a bitcoin can fluctuate drastically—and often there is no way to predict a fluctuation or explain why one may have occurred. Because bitcoins are not tied to a centralized institution, government, or bank their prices may rise and fall dramatically.
Well bitcoin is volatile currency but still it is using for high amount of profit with it, fluctuation of bitcoin is not bad thing if we get to know about the nature of bitcoin, bitcoin is free currency so no government can have command over it, we should use it as it has very high potential to be legal globally, bitcoin fame and popularity is now increasing for profit making, so bitcoin is making profit now we are not going to see the fall this year, better we hold for that day to see it as most wide currency, bitcoin price is now expending more and more I am hopeful to see bitcoin as global currency in few years.Bitcoin do have many advantages but it may still be diffucult to become a global currency because bitcoin dont have a strong connection in governments and banks or in short bitcoin isnt regulated due to the fact that it is a decentralized currency. Bitcoin is also limited which means not all people can posibly obtain a bitcoin , not unlike to fiats or local currencies that their supply is unlimited because they are been created by the banks and governments. Bitcoin can only be a national currency but not an international currency because some few countries wont unite because they restrct and ban bitcoin.
We are living in anxiety. when BTC is going down. But it has shown signs of recovery.
I agree that bitcoin cannot be a global currency. Bitcoin and other crypto currencies are highly volatile. This means the value of a bitcoin can fluctuate drastically—and often there is no way to predict a fluctuation or explain why one may have occurred. Because bitcoins are not tied to a centralized institution, government, or bank their prices may rise and fall dramatically.
Well bitcoin is volatile currency but still it is using for high amount of profit with it, fluctuation of bitcoin is not bad thing if we get to know about the nature of bitcoin, bitcoin is free currency so no government can have command over it, we should use it as it has very high potential to be legal globally, bitcoin fame and popularity is now increasing for profit making, so bitcoin is making profit now we are not going to see the fall this year, better we hold for that day to see it as most wide currency, bitcoin price is now expending more and more I am hopeful to see bitcoin as global currency in few years. 
Bitcoin is already a world currency, It's popularity are all over the world.
We have seen its capability though bitcoin was not ready at that time.
This year will be a good time for bitcoin as it gains the improvement we need.
BTC is all over the world and many countries want to shut down bitcoin because they know that anytime now
Bitcoin will be the currency of all country.
We have seen its capability though bitcoin was not ready at that time.
This year will be a good time for bitcoin as it gains the improvement we need.
BTC is all over the world and many countries want to shut down bitcoin because they know that anytime now
Bitcoin will be the currency of all country.
I do not think so. I think the bitcoin future will be a global currency used by all nations in the world. The world economy is growing and bitcoin is born to meet that development demand, people will respond and use the features of bitcoin effectively. And I believe, with that potential, with that bright future, the bitcoin will grow as we expect.
We all expect bitcoin as a global currency for border-less transactions. It may happen but definitely not in quick time as there are lots of places where people still not having access to internet. So, probably the first step toward bitcoin as a global currency must be reaching out of internet to every part of this world. After that only we can see bitcoin will be evolving as a global currency.
I agree that bitcoin cannot be a global currency. Bitcoin and other crypto currencies are highly volatile. This means the value of a bitcoin can fluctuate drastically—and often there is no way to predict a fluctuation or explain why one may have occurred. Because bitcoins are not tied to a centralized institution, government, or bank their prices may rise and fall dramatically.
Bitcoin hasn't gained the potential of being a global currency. Till date bitcoin has been serving as an alternative to the global currency which is in use around the world. Altcoins were serving as an alternative to the bitcoin, which is the main cause for the existence of the term as well the innovation bitcoin and blockchain technology.
Now this consensus has been established, that Bitcoin has a certain value. People who recognize this consensus come from many countries. actually Bitcoin has become one of the world's currencies. IMO, Bitcoin not affiliated with a country is very likely to be used as world currency for trading. Without any affiliation the influence of a country's circumstances to the value of Bitcoin would be minimal, so Bitcoin would be more stable in its exchange rate. If in the end formed a consensus between Bitcoin users and governments of the countries of the world. I think Bitcoin will be the world's currency
You give some valid points but it has a long way to go before coming to an conclusion.
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.
If we are talking about bitcoin being used globally and accepted by a large population, then we can say that is possible, but if we are looking at it being accepted by government as a currency as against fiat, then we are deceiving ourselves. I believe bitcoin stand a chance of being used worldwide on a global scale which we are gradually getting there, but that is what it is going to be. While some of us will adopt it, some will stick to fiat and the whole system will keep on being like that.Bitcoin is even already replacing the internet payment system and that is how I am going to see this whole thing playing out in the long run. No government will even want to replace bitcoin with fiat anyway since it cannot be controlled, so that is one we should always rule out, but in the case of global adoption as an internet currency for some, I believe this is something that we can see happen.
Bitcoin can be used by anyone who choose to make use of it, no matter where you are living, not minding your country. It’s a decentralized currency, but what it can’t ever achieve is becoming a currency that will be used by any country. Why? Because no country wants to share the same currency with another. But if it’s to accept it as a mode of payment, yep that’s possible in everywhere.
Bitcoin can actually be a global currency. People sometimes misinterprets the world "global currency". They thing that bitcoin will be the "only" currency that will prevail and be used once it has been accepted as a global currency. This is not true actually. Other currencies will also be used along side bitcoin just like the present time.
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