Bitcoin is Becoming a Global Currency - page 121.

ElpadroBitcoin

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Quote from: ajun96 on April 18, 2016, 08:38:28 AM

Quote from: ElpadroBitcoin on April 14, 2016, 04:10:23 AM

Bitcoin is on its way to become a global currency the advantage Bitcoin is, is that if you have internet you can make use of Bitcoin. The only thing that it misses is paper money.

I strongly agree with this many people say bitcoin has become a global currency but I have not seen bitcoin in use by many people in the world.
although we all know that bitcoin has strong capital to become a global currency and defeat the dollar.
but all of them are still in the stage of "on the way":

Bitcoin will be global currency soon because you as you can see you see also that the value is going to rise soon and that would be nice for the people who already have Bitcoin.
And you also see that Bitcoin is getting more used so that is nice.

CasioK

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Quote from: Hellacopter on April 15, 2016, 11:00:20 AM

Bitcoin isn't yet a global currency, unless you mean that it could be used worldwide so yes that's true. But it's still need more advertising and support from the Bitcoin's community as many people don't know anything about it till now.

Yes bitcoin need more support from the users to promote it to others, with that bitcoin will get more stability and success and more people will be there to believe on it and so will sooner become global currency.

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Quote from: expert4knowledge on April 19, 2016, 03:54:57 PM

Quote from: marcus_of_augustus on April 14, 2016, 04:25:19 PM

Bitcoin is already a global currency, albeit of limited usage.

The real question is "will it become a global reserve money?"

... or remain a global transaction commodity, like gold.

I doubt if it is a global currency now or not. It is not supported by anything such as gold that all of currencies do have it and it is needed for all currencies.

Most of the nowdays currencies are not supported by gold or anything, although most of the central banks has a piles of gold in the trezor and has also some dollars and euros to back up their currency on the forex market. The quantity of these are not enough for the value of the whole country's currency, it's only held in order to do some interventions on forex market if needed to maintain the value of their own currency.
So to sum it up in a few words, bitcoin is just like real world currencies, there's no need to be backed up with gold or similar. As long as people trust bitcoin, it won't fail.
If you check the news, some giant banks are planning to use the blockchain technology, so the direction is OK at least.

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Quote from: expert4knowledge on April 19, 2016, 03:54:57 PM

Quote from: marcus_of_augustus on April 14, 2016, 04:25:19 PM

Bitcoin is already a global currency, albeit of limited usage.

The real question is "will it become a global reserve money?"

... or remain a global transaction commodity, like gold.

I doubt if it is a global currency now or not. It is not supported by anything such as gold that all of currencies do have it and it is needed for all currencies.

Do not expect too high from bitcoin which is not achievable, its a digital currency and helping us in many ways so let us continue with the same flow.

expert4knowledge

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Quote from: klarki on April 19, 2016, 03:34:19 PM

I also believe that Bitcoin will be the world currency) Although what will? Is it not the world? How many people around the globe use it in various parts of our country.
The technology has prompted many to review the current situation in the world of payments.
What is the future of Bitcoin? Definitely bright)
I really hope that I am not mistaken about that.

It is bright, OK. But I do not think that we can call it currency such easily, we may be abe to call it a virtual currency.

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Quote from: marcus_of_augustus on April 14, 2016, 04:25:19 PM

Bitcoin is already a global currency, albeit of limited usage.

The real question is "will it become a global reserve money?"

... or remain a global transaction commodity, like gold.

I doubt if it is a global currency now or not. It is not supported by anything such as gold that all of currencies do have it and it is needed for all currencies.

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Quote from: klarki on April 19, 2016, 03:34:19 PM

I also believe that Bitcoin will be the world currency) Although what will? Is it not the world? How many people around the globe use it in various parts of our country.
The technology has prompted many to review the current situation in the world of payments.
What is the future of Bitcoin? Definitely bright)
I really hope that I am not mistaken about that.

Being a global currency is not of them, because bitcoin is already a global currency. There is no currency which make it so easy to transfer money..

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Quote from: lixer on April 17, 2016, 03:02:57 PM

Quote from: blackmachinegun on April 15, 2016, 09:55:49 AM

Quote from: BTCBinary on April 13, 2016, 09:07:26 AM

the thing is... Bitcoin is already a global currency. Aside from Bitcoin only gold can be compared to a global currency. Bitcoin is the perfect toll for international transactions

I think it is still very young to say that bitcoin is an international currency? bitcoin still under paypal and gold in the movement of the market each year. so bitcoin still need to progress more rapidly again to be a global currency.
global currency must necessarily be greater than the dollar right ?

Yes, currently dollar is a global currency and if some other currency want to be the global currency it must have to be necessarily more greater than dollar.

Yeah, it is currently too young to be the global currency of the world , but if we look at the increasing rate of adoption of bitcoin, I think the time is near when it become a global currency.

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I also believe that Bitcoin will be the world currency) Although what will? Is it not the world? How many people around the globe use it in various parts of our country.
The technology has prompted many to review the current situation in the world of payments.
What is the future of Bitcoin? Definitely bright)
I really hope that I am not mistaken about that.

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Quote from: Oscoda on April 15, 2016, 10:22:55 AM

Quote from: blackmachinegun on April 15, 2016, 09:55:49 AM

Quote from: BTCBinary on April 13, 2016, 09:07:26 AM

the thing is... Bitcoin is already a global currency. Aside from Bitcoin only gold can be compared to a global currency. Bitcoin is the perfect toll for international transactions

I think it is still very young to say that bitcoin is an international currency? bitcoin still under paypal and gold in the movement of the market each year. so bitcoin still need to progress more rapidly again to be a global currency.
global currency must necessarily be greater than the dollar right ?

I also think its highly unlikely it will take a lot of years to accomplish this, most likely it will not be accomplished this couple years.
I really think the bitcoin would need a lot more years to do this, maybe even more than 15 years..

No, 15 years is too much time for it , bitcoin will become a global currency within only 5 years or less, or maybe 7 years will be enough, as now the time is of digital business and everyone will prefer bitcoin once it establish.

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Quote from: marcus_of_augustus on April 18, 2016, 05:07:18 PM

Let's start a counter to see how many countries bitcoin has been used in.

I've witnessed for a fact that bitcoin was used these countries:

United Kingdom
Netherlands
Switzerland
Canada
New Zealand
Hong Kong

... that's 6 right there, go ahead add which countries you have witnessed for a fact (no hearsays) bitcoin used in.

I use bitcoins almost everyday in Australai, add us to the list.

We even made it to the top 10 list:
https://news.bitcoin.com/worlds-top-10-bitcoin-friendly-countries/

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Let's start a counter to see how many countries bitcoin has been used in.

I've witnessed for a fact that bitcoin was used these countries:

United Kingdom
Netherlands
Switzerland
Canada
New Zealand
Hong Kong

... that's 6 right there, go ahead add which countries you have witnessed for a fact (no hearsays) bitcoin used in.

ajun96

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Quote from: ElpadroBitcoin on April 14, 2016, 04:10:23 AM

Bitcoin is on its way to become a global currency the advantage Bitcoin is, is that if you have internet you can make use of Bitcoin. The only thing that it misses is paper money.

I strongly agree with this many people say bitcoin has become a global currency but I have not seen bitcoin in use by many people in the world.
although we all know that bitcoin has strong capital to become a global currency and defeat the dollar.
but all of them are still in the stage of "on the way":

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Quote from: haileysantos95 on April 18, 2016, 06:10:06 AM

Quote from: Vaskiy on April 18, 2016, 05:18:11 AM

Quote from: armansolis593 on April 18, 2016, 02:27:30 AM

Quote from: maudevang on April 18, 2016, 02:21:32 AM

Quote from: greghansel89 on April 17, 2016, 06:48:46 AM

Quote from: diodio5 on April 17, 2016, 06:23:23 AM

Quote from: losoya on April 15, 2016, 04:57:31 PM

Lol, its becoming?

It already is a global currency, you can buy and sell thing with it everywhere around the world!!

yeah everyone in the world could use bitcoin is no exception of course it can be regarded as a global currency and all users from different countries use the same currency that is bitcoin. But the global currency should be able to include all human beings. but now users are still very few. I think we not yet achieve global currency

Yeah every people should know what bitcoin is and where they can sell or buy things with bitcoin as of now we are the only ones who know about bitcoin and people outside doesnt even bother to know what bitcoin is.

Yes I also think that it is now already a Global Currency,as you can see you see that the value of Bitcoin is not even rising now so that is not bad but many people are using it.
And that is why it made a global currency Bitcoin is already used all over the world and that is nice.

Yes bitcoin is used all over the world but only a few thousand in every country if bitcoin wants to become a global currency i think is should be used by 1/4 or half the human population.

I think now bitcoin is not even used by 1/4 of the people, still more users should involve in bitcoin. 3/4 and above people use bitcoin means it will become a popular payment system, but becoming global currency is very rare.

It will be very rare or have no chance that bitcoin will become a global currency in the future but bitcoin will still be used by its present users.

I can say nowaday bitcoin is global currency because many user onlines do wallet to wallet transaction. And people used it to pay jobs online and investments some or other pays bitcoin to buy goods. Maybe for those who dont know bitcoin maybe their now aware for this global curriences existance and hoping to reach to more global online geeks.

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Quote from: Vaskiy on April 18, 2016, 05:18:11 AM

Quote from: armansolis593 on April 18, 2016, 02:27:30 AM

Quote from: maudevang on April 18, 2016, 02:21:32 AM

Quote from: greghansel89 on April 17, 2016, 06:48:46 AM

Quote from: diodio5 on April 17, 2016, 06:23:23 AM

Quote from: losoya on April 15, 2016, 04:57:31 PM

Lol, its becoming?

It already is a global currency, you can buy and sell thing with it everywhere around the world!!

yeah everyone in the world could use bitcoin is no exception of course it can be regarded as a global currency and all users from different countries use the same currency that is bitcoin. But the global currency should be able to include all human beings. but now users are still very few. I think we not yet achieve global currency

Yeah every people should know what bitcoin is and where they can sell or buy things with bitcoin as of now we are the only ones who know about bitcoin and people outside doesnt even bother to know what bitcoin is.

Yes I also think that it is now already a Global Currency,as you can see you see that the value of Bitcoin is not even rising now so that is not bad but many people are using it.
And that is why it made a global currency Bitcoin is already used all over the world and that is nice.

Yes bitcoin is used all over the world but only a few thousand in every country if bitcoin wants to become a global currency i think is should be used by 1/4 or half the human population.

I think now bitcoin is not even used by 1/4 of the people, still more users should involve in bitcoin. 3/4 and above people use bitcoin means it will become a popular payment system, but becoming global currency is very rare.

It will be very rare or have no chance that bitcoin will become a global currency in the future but bitcoin will still be used by its present users.

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Quote from: armansolis593 on April 18, 2016, 02:27:30 AM

Quote from: maudevang on April 18, 2016, 02:21:32 AM

Quote from: greghansel89 on April 17, 2016, 06:48:46 AM

Quote from: diodio5 on April 17, 2016, 06:23:23 AM

Quote from: losoya on April 15, 2016, 04:57:31 PM

Lol, its becoming?

It already is a global currency, you can buy and sell thing with it everywhere around the world!!

yeah everyone in the world could use bitcoin is no exception of course it can be regarded as a global currency and all users from different countries use the same currency that is bitcoin. But the global currency should be able to include all human beings. but now users are still very few. I think we not yet achieve global currency

Yeah every people should know what bitcoin is and where they can sell or buy things with bitcoin as of now we are the only ones who know about bitcoin and people outside doesnt even bother to know what bitcoin is.

Yes I also think that it is now already a Global Currency,as you can see you see that the value of Bitcoin is not even rising now so that is not bad but many people are using it.
And that is why it made a global currency Bitcoin is already used all over the world and that is nice.

Yes bitcoin is used all over the world but only a few thousand in every country if bitcoin wants to become a global currency i think is should be used by 1/4 or half the human population.

I think now bitcoin is not even used by 1/4 of the people, still more users should involve in bitcoin. 3/4 and above people use bitcoin means it will become a popular payment system, but becoming global currency is very rare.

armansolis593

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Quote from: maudevang on April 18, 2016, 02:21:32 AM

Quote from: greghansel89 on April 17, 2016, 06:48:46 AM

Quote from: diodio5 on April 17, 2016, 06:23:23 AM

Quote from: losoya on April 15, 2016, 04:57:31 PM

Lol, its becoming?

It already is a global currency, you can buy and sell thing with it everywhere around the world!!

yeah everyone in the world could use bitcoin is no exception of course it can be regarded as a global currency and all users from different countries use the same currency that is bitcoin. But the global currency should be able to include all human beings. but now users are still very few. I think we not yet achieve global currency

Yeah every people should know what bitcoin is and where they can sell or buy things with bitcoin as of now we are the only ones who know about bitcoin and people outside doesnt even bother to know what bitcoin is.

Yes I also think that it is now already a Global Currency,as you can see you see that the value of Bitcoin is not even rising now so that is not bad but many people are using it.
And that is why it made a global currency Bitcoin is already used all over the world and that is nice.

Yes bitcoin is used all over the world but only a few thousand in every country if bitcoin wants to become a global currency i think is should be used by 1/4 or half the human population.

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Quote from: greghansel89 on April 17, 2016, 06:48:46 AM

Quote from: diodio5 on April 17, 2016, 06:23:23 AM

Quote from: losoya on April 15, 2016, 04:57:31 PM

Lol, its becoming?

It already is a global currency, you can buy and sell thing with it everywhere around the world!!

yeah everyone in the world could use bitcoin is no exception of course it can be regarded as a global currency and all users from different countries use the same currency that is bitcoin. But the global currency should be able to include all human beings. but now users are still very few. I think we not yet achieve global currency

Yeah every people should know what bitcoin is and where they can sell or buy things with bitcoin as of now we are the only ones who know about bitcoin and people outside doesnt even bother to know what bitcoin is.

Yes I also think that it is now already a Global Currency,as you can see you see that the value of Bitcoin is not even rising now so that is not bad but many people are using it.
And that is why it made a global currency Bitcoin is already used all over the world and that is nice.

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Quote from: Zacudis on April 17, 2016, 09:14:32 PM

Bitcoin has already become a global currency, It did this when it was trading on the Stock markets, yes as a stock, but also as a currency if you look at the stock exchange you have all currencies traded, and then the commodities market is also Bitcoin. so it is in all levels of trade, and currency exchanges, this is what keeps it strong, and will make it stronger for days to come.

But in theory, it's also a global currency for being accepted as a payment from stores all over the worls. Wheareas for them to accept a FIAT currency from a certain country, they'd have to use third party services to convert them to their currency of preference. Thing is though, it's value is still based on FIAT currency and that's unlikely to change.

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Quote from: Zacudis on April 17, 2016, 09:14:32 PM

Bitcoin has already become a global currency, It did this when it was trading on the Stock markets, yes as a stock, but also as a currency if you look at the stock exchange you have all currencies traded, and then the commodities market is also Bitcoin. so it is in all levels of trade, and currency exchanges, this is what keeps it strong, and will make it stronger for days to come.

According to me bitcoin current progress is very rapid(adoption), the more people who know what it bitcoin, how it works, and its superiority compared to paper currency, and certainly will be the currency bitcoin priority someday

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