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Topic: Bitcoin is Becoming a Global Currency - page 132. (Read 226365 times)

Pab
legendary
Activity: 1862
Merit: 1012
December 26, 2015, 03:52:21 PM
No there is not and never will be,i hope.It is like tragic comedy.Look what bitcoin really is before posting
Bitcoin is even not a currency
hero member
Activity: 631
Merit: 500
December 26, 2015, 02:37:14 PM
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.
if you are talking about a global currency, then better explain first sense, because I think the sense of global currency wider than bitcoin itself, bitcoin take many years to become a global currency, but bitcoin has been used by many countries, may be regarded as global currency.

It can be termed as global currency only when majority of the people starts using it, a small proportion of users cannot make bitcoins a global currency and it is used in many countries now but on the other hand majority of the people are not even about what bitcoins is all about, so in that case it is difficult to treat bitcoins as a global currency, and in reality bitcoins can never replace any major currencies.
legendary
Activity: 2674
Merit: 1048
December 26, 2015, 01:54:19 PM
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.
if you are talking about a global currency, then better explain first sense, because I think the sense of global currency wider than bitcoin itself, bitcoin take many years to become a global currency, but bitcoin has been used by many countries, may be regarded as global currency.
full member
Activity: 224
Merit: 100
December 26, 2015, 11:59:53 AM
The potential of bitcoin is huge.

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 to another country with so much ease.
member
Activity: 70
Merit: 10
December 26, 2015, 10:14:42 AM
I agree completely, My country didn't have anything to do with BTC before in around 2011 and saying BTC was like saying some coded sentence but now I seen multiple local exchanges in localbitcoins and few friends had already known about it and one (a programmer) even had specific technical knowledge and interest in it.
sr. member
Activity: 882
Merit: 251
December 26, 2015, 09:30:45 AM
all i can say is thank god the mass's are not as dumb as we think, as long as internet and electricity are controlled by some external source bitcoin will never get mass adoption, most people i talk to about crypto give me the same response, you want me to put my money into something that could be taken away by cutting off my internet, yeahh LOL pull the other 1

as much as i love crypto i do not want mass adoption, especially if we have to live by some retarded concept of guilty until proven innocent Sad
hero member
Activity: 994
Merit: 1000
December 26, 2015, 09:21:52 AM
Yes bitcoin became very big globally accepted currency. It will eventually be used even in illegal position in some countries.
When it sees socially acceptance from basic users like young adults, it will be even bigger.

If Bitcoin became global currency, it would necessarily limit what bankers and govt could do. It would be much, much more difficult for govt to finance wars, continually expand welfare roles  Bankers would also have more incentive to limit it's lending. If people ready to accept all these things means It will become a global currency.Wink
hero member
Activity: 560
Merit: 501
December 26, 2015, 05:32:29 AM
It would be nice, no more exchanging money when you go to other country, and when buying online.
sr. member
Activity: 392
Merit: 251
December 26, 2015, 05:28:54 AM
I wouldn't go as far as to say it's a "global currency", but i'd say it's a "globally recognized asset". It isn't a currency because it isn't backed by a country, nor is it a country's official currency.

But it's nice and heartwarming to see a growth in a project we all have put effort in to. Maybe in a couple of years, a country will officially adopt bitcoin and maybe there might be a bitcoin Union Cheesy
copper member
Activity: 2562
Merit: 2510
Spear the bees
December 25, 2015, 10:08:23 PM
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.

You are right about adoption, but in most cases when it comes to selling our coins for higher prices in different currencies, we might not conclude who's a better trader and who's a scammer...
There are many PayPal cases being seen, I myself use PayPal to sell my BTC and get paid in PayPal, but I don't go for unbelievably high margins as they are most probably scammers, not in just USD, but in all the currencies...
If you are the seller of bitcoin and you let the buyer to pay using paypal you face the risk of chargeback or paypal dispute and claim. What is your experience with paypal payments in connection with bitcoin selling? Are there a lot of scammers or the majority of the users are OK?
I believe that as a way to combat PayPal chargebacks, that some buyers can pay using a certain "gift" form, which then prevents any chargebacks. I'm unsure as to whether this is true or not - I think so, as I was informed by a couple people, but if this is the case, then it is a way to solidify the PayPal situation.

Obviously, there's also reputable people to trade with.
hero member
Activity: 1442
Merit: 629
Vires in Numeris
December 25, 2015, 06:44:32 PM
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.

You are right about adoption, but in most cases when it comes to selling our coins for higher prices in different currencies, we might not conclude who's a better trader and who's a scammer...
There are many PayPal cases being seen, I myself use PayPal to sell my BTC and get paid in PayPal, but I don't go for unbelievably high margins as they are most probably scammers, not in just USD, but in all the currencies...
If you are the seller of bitcoin and you let the buyer to pay using paypal you face the risk of chargeback or paypal dispute and claim. What is your experience with paypal payments in connection with bitcoin selling? Are there a lot of scammers or the majority of the users are OK?
sr. member
Activity: 476
Merit: 250
December 22, 2015, 06:39:12 PM
in my country volume market of bitcoin in 24 hours can reached 3000 bitcoin and that is only from 1 exchange
i think this is good start for it because bitcoin will more popular in my country and lot of people will use it
and also i hope in the future this is really happen and bitcoin become a global currency which can rival USD
what is your country ? its amazing
I look at the BTC-e only about 6000 BTC perday.
your country could have halved the volume was very exceptional, it proves that users bitcoin in your country is very much
legendary
Activity: 1246
Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
December 22, 2015, 06:10:19 PM
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.

You are right about adoption, but in most cases when it comes to selling our coins for higher prices in different currencies, we might not conclude who's a better trader and who's a scammer...
There are many PayPal cases being seen, I myself use PayPal to sell my BTC and get paid in PayPal, but I don't go for unbelievably high margins as they are most probably scammers, not in just USD, but in all the currencies...
sr. member
Activity: 493
Merit: 250
Live by your own rules
December 22, 2015, 01:13:19 PM
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.
yes i alwys hope bitcoin will become global currency,and very happy to knwo that bitcoin more popular and mass adopted for now,not anly countries you call above,but also so many country start accept and so many bitcoin adopter on that country,like Asian country,philipines,indonesia and also vietnam,and Brazil you dont called.
sr. member
Activity: 420
Merit: 250
December 22, 2015, 12:22:55 PM
Yes there is, it's nice to see this growth in bitcoin. It gives me a bit of hope that bitcoin won't just die out.
Or become useless in the future.
member
Activity: 90
Merit: 10
December 22, 2015, 11:30:20 AM
It's not a full fledged currency since it's being sold to fiat.
Employees should also be proposed to be paid in bitcoin with perhaps a little wage bonus.
hero member
Activity: 631
Merit: 500
December 22, 2015, 11:28:58 AM
Bitcoin regulation has been, and will continue to be, a hot topic as it continues to gain momentum and interest in personal and corporate finance

But how do you regulate a pseudo-anonymous, distributed protocol? It's near impossible

This is why bitcoin has been adopted on a global scale, and we will continue to see this rate of adoption increase

Correct. Effective regulation (whatever that means) is just a bureaucratic pipedream. The technology is moving too rapidly now and the rate of adoption is running far ahead of anything they could hope to implement in a timely manner. The rails are almost in place, soon we will be transmitting like Lightning.

Exactly, the awareness level of people is getting higher and higher day by day and that is the good news and as the awareness level will go high it would directly have a positive impact on the adoption level and bitcoin is positively marching towards becoming a global currency but still it needs a great level of support from the people then only it could become a global currency.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
December 21, 2015, 07:39:18 PM
Bitcoin regulation has been, and will continue to be, a hot topic as it continues to gain momentum and interest in personal and corporate finance

But how do you regulate a pseudo-anonymous, distributed protocol? It's near impossible

This is why bitcoin has been adopted on a global scale, and we will continue to see this rate of adoption increase

Correct. Effective regulation (whatever that means) is just a bureaucratic pipedream. The technology is moving too rapidly now and the rate of adoption is running far ahead of anything they could hope to implement in a timely manner. The rails are almost in place, soon we will be transmitting like Lightning.
newbie
Activity: 53
Merit: 0
December 21, 2015, 02:06:54 PM
Bitcoin regulation has been, and will continue to be, a hot topic as it continues to gain momentum and interest in personal and corporate finance

But how do you regulate a pseudo-anonymous, distributed protocol? It's near impossible

This is why bitcoin has been adopted on a global scale, and we will continue to see this rate of adoption increase
hero member
Activity: 952
Merit: 1000
November 26, 2015, 10:53:33 PM
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.
Bitcoin becoming global currency,its what i call "magical of bitcoin", there are a half-dozen currencies ahead of the US dollar,but nothing like bitcoin,bitcoin is special,it a unique currency,its have physical,and i dont think other currencies have both non-physical and physical shape.
proud to be part of bitcoin,and knowing about bitcoin earlier before bitcoin become a legend of currency.

Yeah bitcoins is gaining popularity day by day and more and more people are keen to know about bitcoins and start using bitcoins as a currency, and once there is increase in the customer base of bitcoins it would surely become a global currency, and if it doesn't we are satisfied the variety of benefits that is offering us.
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