Bitcoin is Becoming a Global Currency - page 117.

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Quote from: benjamindees on March 28, 2014, 03:31:21 AM

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.

bitcoinhopper

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Bravity is beautiful.

As you see now you see also that Bitcoin is getting more used now and that is perfect for Bitcoin and that is also nice for the people who already have Bitcoin so they can spend it more maybe.
But it is only hard to know what is going to happen with the Bitcoin and that is the problem.

bitlancr

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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.

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Quote from: Etaren on May 12, 2016, 12:23:33 PM

It would be nice of course if that is possible and you also can see now already that there are now more people that is using it and that there are also more stores that is accepting it.
But you have to also know that there will be a lot of people that must have to know to use Bitcoin and get to know about it.

yeah actually bitcoin has become a global currency because it indirectly. bitcoin currency is accepted throughout the world,
you know bitcoin users include state seleuruh asia, europe, america, africa all continents have bitcoin users

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Quote from: co5hike on May 12, 2016, 12:27:05 PM

Quote from: Etaren on May 12, 2016, 12:23:33 PM

It would be nice of course if that is possible and you also can see now already that there are now more people that is using it and that there are also more stores that is accepting it.
But you have to also know that there will be a lot of people that must have to know to use Bitcoin and get to know about it.

When majority of people will start using bitcoin at that time we can say that it has become a global currency, as of now its just an digital currency nothing else.

Yes and I think bitcoin in the best case can become a global digital currency although I have some doubts about this.

co5hike

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Quote from: Etaren on May 12, 2016, 12:23:33 PM

It would be nice of course if that is possible and you also can see now already that there are now more people that is using it and that there are also more stores that is accepting it.
But you have to also know that there will be a lot of people that must have to know to use Bitcoin and get to know about it.

When majority of people will start using bitcoin at that time we can say that it has become a global currency, as of now its just an digital currency nothing else.

Etaren

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It would be nice of course if that is possible and you also can see now already that there are now more people that is using it and that there are also more stores that is accepting it.
But you have to also know that there will be a lot of people that must have to know to use Bitcoin and get to know about it.

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Quote from: Pitchblackroom on May 12, 2016, 10:04:23 AM

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.

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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.

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Bravity is beautiful.

Quote from: phreaky on April 25, 2016, 03:15:48 PM

Quote from: Piltover on April 25, 2016, 08:52:48 AM

Quote from: Ulloa on April 25, 2016, 08:20:27 AM

You see also that Bitcoin is getting more popular in using and the reason is because the world is getting more digital and that is quite nice for the currency itself so that is quite nice.
But the bad thing of Bitcoin is that you never know from before what will happen with the value in the future.

Indeed, the bitcoin is getting bigger everyday because everyday there are coming more users, the only downside is indeed that the bitcoin is unpredictable.
I think if the bitcoin will get bigger it also will be more stable and at the end more predictable.

The bitcoin is getting bigger everyday and I think it can be possible, although the problem is the banks.
The banks will never let this happen they want to destroy the bitcoin!

You can also now see that more people that is going to use Bitcoin and that is nice because the world is also getting more digital and that is nice for the Bitcoin because that is digital money.
The only thing that you have chance is the value and that would be nice if that would be higher.

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Quote from: martinacar on May 11, 2016, 04:15:11 PM

I hope soon or later this will happen but we will see, the future cannot be predicted and I really love the bitcoin so I'm really hoping it will.
The bitcoin has a good future a head, no doubt about that.

There is no doubt that the future of bitcoin is good, but it will take long time to become a global currency, and for that we need almost all people worldwide should use it, which is hard to find now.

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I don't find this very surprising at all. The US is one of the worst when it comes to buying bitcoin and mining. A lot of other countries are beating it.

martinacar

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I hope soon or later this will happen but we will see, the future cannot be predicted and I really love the bitcoin so I'm really hoping it will.
The bitcoin has a good future a head, no doubt about that.

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Quote from: Kartikay on April 27, 2016, 10:08:40 AM

Bitcoin has always been a global currency since the day it was generated. Few countries has given a thought of making bitcoin legal like US and California but they dropped the idea quoting possibility of hacking as reason.

That is right. Bitcoin is internet money so it is borderless. I have used bitcoin to buy in my own country and internationally/

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Bitcoin has always been a global currency since the day it was generated. Few countries has given a thought of making bitcoin legal like US and California but they dropped the idea quoting possibility of hacking as reason.

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Quote from: goinmerry on April 27, 2016, 12:42:19 AM

Quote from: MingLee on April 26, 2016, 05:47:20 PM

Quote from: LarryHocks on April 26, 2016, 05:17:32 PM

Bitcoin is already a global currency but I think it will never be in the top 3 to be honest, the other currency's are just way too big in my opinion.
Most likely the bitcoin will not succeed with this but of course we will never know till it really happens, the future is unpredictable.

Well yeah, it will never be in the top 3 because it doesn't have a government and resources (tangible resources) behind it to give it value, only cryptography.

Possessing a market cap of over $7b USD is already impressive enough, if it keeps going any higher it will be relatively insane for a currency not issued by a government body.

True. They would want something in return before advertising that it will be in Top 3. Of course they are also the one controlling the media and they can edit it anytime they want for a good deal.

That's right. It is impossible now that bitcoin will not be accepted in global since many people already using it. Maybe in the future, the government will adopt using bitcoin.

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Quote from: MingLee on April 26, 2016, 05:47:20 PM

Quote from: LarryHocks on April 26, 2016, 05:17:32 PM

Bitcoin is already a global currency but I think it will never be in the top 3 to be honest, the other currency's are just way too big in my opinion.
Most likely the bitcoin will not succeed with this but of course we will never know till it really happens, the future is unpredictable.

Well yeah, it will never be in the top 3 because it doesn't have a government and resources (tangible resources) behind it to give it value, only cryptography.

Possessing a market cap of over $7b USD is already impressive enough, if it keeps going any higher it will be relatively insane for a currency not issued by a government body.

True. They would want something in return before advertising that it will be in Top 3. Of course they are also the one controlling the media and they can edit it anytime they want for a good deal.

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Quote from: LarryHocks on April 26, 2016, 05:17:32 PM

Bitcoin is already a global currency but I think it will never be in the top 3 to be honest, the other currency's are just way too big in my opinion.
Most likely the bitcoin will not succeed with this but of course we will never know till it really happens, the future is unpredictable.

Well yeah, it will never be in the top 3 because it doesn't have a government and resources (tangible resources) behind it to give it value, only cryptography.

Possessing a market cap of over $7b USD is already impressive enough, if it keeps going any higher it will be relatively insane for a currency not issued by a government body.

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Bitcoin is already a global currency but I think it will never be in the top 3 to be honest, the other currency's are just way too big in my opinion.
Most likely the bitcoin will not succeed with this but of course we will never know till it really happens, the future is unpredictable.

Kevin77

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Quote from: FabioDelcatto on April 25, 2016, 09:53:25 AM

Quote from: Piltover on April 25, 2016, 08:52:48 AM

Quote from: Ulloa on April 25, 2016, 08:20:27 AM

You see also that Bitcoin is getting more popular in using and the reason is because the world is getting more digital and that is quite nice for the currency itself so that is quite nice.
But the bad thing of Bitcoin is that you never know from before what will happen with the value in the future.

Indeed, the bitcoin is getting bigger everyday because everyday there are coming more users, the only downside is indeed that the bitcoin is unpredictable.
I think if the bitcoin will get bigger it also will be more stable and at the end more predictable.

Bitcoin will be later a global currency and as you can see now you see also already that the halving is coming and it is becoming more popular so that is quite nice.
But you never know what will happen with the halving and that can be bad for the users.

Yes a time will come sooner when bitcoin will become global currency, now more people are added to this community and more coins are mined and added to this community once all the coins are mined the stability will occur in bitcoin price also.

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