Author

Topic: Bitcoin is Becoming a Global Currency - page 116. (Read 226404 times)

legendary
Activity: 1526
Merit: 1179
It can never become a global currency, and bitcoin to be a global currency needs higher user base and market cap which is missing at this stage.
Not only that, but it also needs support from governments and that's something that will never happen.

They will not allow Bitcoin to become a main currency at cost of their own local currency.
hero member
Activity: 952
Merit: 1000
It can never become a global currency, and bitcoin to be a global currency needs higher user base and market cap which is missing at this stage.
full member
Activity: 192
Merit: 100
if BTC become "mainstream" and many merchant around the world adopt it, i'm sure BTC will become a global currency
even without any government backup it




It's a global currency, the digital currency bitcoins bit the US dollar and world wide using this currency. what ever we got a nice value of the bitcoin than others currency it became global currency.
 Smiley
 
full member
Activity: 192
Merit: 100
I'm not sure I would class some of those countries as 'major' ... but there is a general sense now that bitcoins are leaving the USA, and at an accelerating rate.



In September 2014 TeraExchange, LLC, received approval from the U.S.Commodity Futures Trading Commission "CFTC" to begin listing an over-the-counter swap product based on the price of a bitcoin. The CFTC swap product approval marks the first time a U.S. regulatory agency approved a bitcoin financial product.
hero member
Activity: 616
Merit: 500
No Bitcoin is already a global currency if you count the fact that everybody in the world can make use of it. But not everybody is making use of it so if you look at it that way it is not a global currency but it sure has the potential to become one.
full member
Activity: 224
Merit: 100

I believe that Bitcoin can serve developing communities very well, especially those with a weak banking infrastructure. Now in Asia many are being empowered through the mobile phone so using bitcoin as a means of transaction can work very well in areas where mobile internet is the only way to go.
Yes, bitcoin can be considered as a plan B for the developing countries but not the main currency.

Bitcoin will always be used as an secondary currency in developing countries as very few people are aware about it, and it will long time to see many people using it.
Unfortunately there is no developing country that legalized Bitcoin, although many of its citizens who have benefited from this digital currency. I think it is better for a developing country to create its own digital currency (altcoin) as second currency instead of using Bitcoin, and  that means Bitcoin will not be a global currency at all, but the Bitcoin concept can change the financial system of developing countries, IMHO.

And who would emit new money in this currency? If government, how would it be different from the currency they already have?
With the blockchain system, this secondary currency will be different with the primary currency. The government has authority over their own country, right?
hero member
Activity: 672
Merit: 500
Bitcoin was a global currency 2-3 years ago when China was starting to adopt it. Russia adopted it a little earlier than that.

However, it does not have any sort of widespread usage except for niche markets.

At a moment bitcoin cannot be treated as an global currency, as majority of the people are not aware about the bitcoin but it can be a global currency in future.
Bitcoin is already a global currency and that is nice because you already can see that Bitcoin is becoming more popular so that is perfect and nice for the people with already Bitcoin.
But it have also to change because the price is still low and that is bad for the most people.


No doubt bitcoin is gaining more popularity but at this stage you cannot consider it as a global currency as market cap of bitcoin is too small and very few people are using it at a moment.
legendary
Activity: 3248
Merit: 1070

I believe that Bitcoin can serve developing communities very well, especially those with a weak banking infrastructure. Now in Asia many are being empowered through the mobile phone so using bitcoin as a means of transaction can work very well in areas where mobile internet is the only way to go.
Yes, bitcoin can be considered as a plan B for the developing countries but not the main currency.

Bitcoin will always be used as an secondary currency in developing countries as very few people are aware about it, and it will long time to see many people using it.
Unfortunately there is no developing country that legalized Bitcoin, although many of its citizens who have benefited from this digital currency. I think it is better for a developing country to create its own digital currency (altcoin) as second currency instead of using Bitcoin, and  that means Bitcoin will not be a global currency at all, but the Bitcoin concept can change the financial system of developing countries, IMHO.

And who would emit new money in this currency? If government, how would it be different from the currency they already have?

they should simply embracing bitcoin and stop making their shitty altfiatcoin, that would only bring a few positivity related to proof of integrity if they were to use the blockchain

at the end is the people who decide what to use, not the government, so good luck to all the government when bitcoin will be big, their fiat will most likely be worthless
sr. member
Activity: 336
Merit: 250
Bitcoin was a global currency 2-3 years ago when China was starting to adopt it. Russia adopted it a little earlier than that.

However, it does not have any sort of widespread usage except for niche markets.

At a moment bitcoin cannot be treated as an global currency, as majority of the people are not aware about the bitcoin but it can be a global currency in future.
Bitcoin is already a global currency and that is nice because you already can see that Bitcoin is becoming more popular so that is perfect and nice for the people with already Bitcoin.
But it have also to change because the price is still low and that is bad for the most people.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services

I believe that Bitcoin can serve developing communities very well, especially those with a weak banking infrastructure. Now in Asia many are being empowered through the mobile phone so using bitcoin as a means of transaction can work very well in areas where mobile internet is the only way to go.
Yes, bitcoin can be considered as a plan B for the developing countries but not the main currency.

Bitcoin will always be used as an secondary currency in developing countries as very few people are aware about it, and it will long time to see many people using it.
Unfortunately there is no developing country that legalized Bitcoin, although many of its citizens who have benefited from this digital currency. I think it is better for a developing country to create its own digital currency (altcoin) as second currency instead of using Bitcoin, and  that means Bitcoin will not be a global currency at all, but the Bitcoin concept can change the financial system of developing countries, IMHO.

And who would emit new money in this currency? If government, how would it be different from the currency they already have?
full member
Activity: 224
Merit: 100

I believe that Bitcoin can serve developing communities very well, especially those with a weak banking infrastructure. Now in Asia many are being empowered through the mobile phone so using bitcoin as a means of transaction can work very well in areas where mobile internet is the only way to go.
Yes, bitcoin can be considered as a plan B for the developing countries but not the main currency.

Bitcoin will always be used as an secondary currency in developing countries as very few people are aware about it, and it will long time to see many people using it.
Unfortunately there is no developing country that legalized Bitcoin, although many of its citizens who have benefited from this digital currency. I think it is better for a developing country to create its own digital currency (altcoin) as second currency instead of using Bitcoin, and  that means Bitcoin will not be a global currency at all, but the Bitcoin concept can change the financial system of developing countries, IMHO.
hero member
Activity: 924
Merit: 1000

I believe that Bitcoin can serve developing communities very well, especially those with a weak banking infrastructure. Now in Asia many are being empowered through the mobile phone so using bitcoin as a means of transaction can work very well in areas where mobile internet is the only way to go.
Yes, bitcoin can be considered as a plan B for the developing countries but not the main currency.

Bitcoin will always be used as an secondary currency in developing countries as very few people are aware about it, and it will long time to see many people using it.
hero member
Activity: 826
Merit: 1000
The All-in-One Cryptocurrency Exchange

I believe that Bitcoin can serve developing communities very well, especially those with a weak banking infrastructure. Now in Asia many are being empowered through the mobile phone so using bitcoin as a means of transaction can work very well in areas where mobile internet is the only way to go.
Yes, bitcoin can be considered as a plan B for the developing countries but not the main currency.
hero member
Activity: 644
Merit: 500

I believe that Bitcoin can serve developing communities very well, especially those with a weak banking infrastructure. Now in Asia many are being empowered through the mobile phone so using bitcoin as a means of transaction can work very well in areas where mobile internet is the only way to go.
hero member
Activity: 826
Merit: 1000
The All-in-One Cryptocurrency Exchange
No this is never gonna happen, the bitcoin is too small and the other currency's are still way to big compared with it.
I consider this as impossible to be honest.
Bitcoin will not become a global currency since it does not have the required  characteristics for becoming the currency.
hero member
Activity: 924
Merit: 1000
It could happen but in my eyes its right now very far from that because yes it has a good future but still not a good future to take over the world with it.

Bitcoin will be more popular in future but it getting a global currency is difficult to digest, as its really difficult to replace fiat currency and become a primary currency.
sr. member
Activity: 420
Merit: 250
It could happen but in my eyes its right now very far from that because yes it has a good future but still not a good future to take over the world with it.
legendary
Activity: 3332
Merit: 1191
For the first time, when I look at the offers on LocalBitcoins.com, there are a half-dozen currencies ahead of the US dollar, offering a higher price for Bitcoin than US dollar users.

Euros, South African Rands, New Zealand Dollars, Hong Kong Dollars, Polish Zloty, Malaysian Ringgits.

It is no longer just the US, EU or even China driving adoption.  There is a market for Bitcoins in major countries all over the world.

We are growing more each year, I think we can expect same to happen with every other currency in the world in some near future. I think people accepted bitcoin all over the world, next natural step in that process is some people to open trade sites for bitcoin and local currencies.

Market in major countries now need to pull little ones, only united we can grow even more and to survive in troubled times. But all that is not enough, bitcoin need to get into real markets for goods, into companies and firms.

I think bitcoin have good future, I don't expect things will happen for day or two, a lot of work waiting for us. I hope for the best.
xht
sr. member
Activity: 462
Merit: 250
hey you, yeah you, fuck you!!!
No this is never gonna happen, the bitcoin is too small and the other currency's are still way to big compared with it.
I consider this as impossible to be honest.
For now bitcoin still smal if you compared to other currency but as digital money, i believe not need wait for a long time to bitcoin take over all electronic money.
hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
For the first time, when I look at the offers on LocalBitcoins.com, there are a half-dozen currencies ahead of the US dollar, offering a higher price for Bitcoin than US dollar users.

Euros, South African Rands, New Zealand Dollars, Hong Kong Dollars, Polish Zloty, Malaysian Ringgits.

It is no longer just the US, EU or even China driving adoption.  There is a market for Bitcoins in major countries all over the world.

More countries will follow and with their help of  the users here, its possible that paypal will soon change their policy just to compete with bitcoin.
All that bitcoin needs is the exposure to these individuals and allowing the them to earn thru bitcoin, they will certainly be using bitcoin.

It happens thay paypal users really switch using bitcoin now because bitcoin has have less transaction fee and there are less hassle using it unlike paypal it has big fee when you try to transfer your balance to bank accounts and it is very strict, i really think that they will compete with bitcoin because they don want to lose costumer,
Jump to: