Topic: Bitcoin is Becoming a Global Currency - page 140. (Read 226473 times)
I believe it's only a matter of time. I don't know exactly how much time. But what I see happening is enormously exciting on so many levels. Bitcoin is the new money. It's just that the majority of people don't know it yet.
Yes it is spreading everywhere throughout the world however it is not as quicker that it ought to be and the reason is absence of knowledge among the common people of the most. It is headed to be a worldwide cash yet it will require some investment and it is just conceivable when there is acknowledgment from the world people.
from what i can tell, it seems that only the awareness it's spreading nicely but still there is a long way to go, on the contrary the usage not so much, kinda stale
we need something like a catalyzing process, that speed up the usage, someone big should start it
Bitcoin could also be a "safe" investment like gold is, because of the low inflation if the demand is steady the price would remain the same over large periods of time.
I doubt whether that is possible. Gold is being used as a form of currency for more than 5,000 years now, and that is one of the reasons why we are having stable exchange rates for gold. Also, gold is exchangeable almost anywhere in the world. Bitcoin, on the other hand is just 6 years old, and very few people are using it.
Not only very less people using it but it also have lot of transaction limitations and bitcoins also using in may non legal transactions so no governments will official accept bitcoin as currency. Instead bitcoin will be a alternative currency to buy some things online like now forever but in future this market may be quite big.
Yes it is spreading everywhere throughout the world however it is not as quicker that it ought to be and the reason is absence of knowledge among the common people of the most. It is headed to be a worldwide cash yet it will require some investment and it is just conceivable when there is acknowledgment from the world people.
Bitcoin could also be a "safe" investment like gold is, because of the low inflation if the demand is steady the price would remain the same over large periods of time.
I doubt whether that is possible. Gold is being used as a form of currency for more than 5,000 years now, and that is one of the reasons why we are having stable exchange rates for gold. Also, gold is exchangeable almost anywhere in the world. Bitcoin, on the other hand is just 6 years old, and very few people are using it.
Bitcoin could also be a "safe" investment like gold is, because of the low inflation if the demand is steady the price would remain the same over large periods of time.
I doubt whether that is possible. Gold is being used as a form of currency for more than 5,000 years now, and that is one of the reasons why we are having stable exchange rates for gold. Also, gold is exchangeable almost anywhere in the world. Bitcoin, on the other hand is just 6 years old, and very few people are using it.
it will become soon ...am happy that it is gaining its popularity day by that.....hope the day will come when we dont have currencies and get to see a FUTURE WORLD- BITCOIN WORLD am dying and waiting for the day to come 
Well, i think bitcoins will be more popular in the future and yes maybe it will be the global currency maybe one day all countries will use this currency. when it is happened, what happened with the current currencies?
I think bitcoin will not replace any current currencies but it will be surely an alternative currency to buy any thing in online.
In the real world it can only replace if it will be produced in physical coin, otherwise i think it will be the main currency online.
usa is lossing its grip and russians too and so on..bitcoin is expanding day by day and peoples really loves it even if the maket is too much volatile but then also peoples are stisfy with this system
it will become soon ...am happy that it is gaining its popularity day by that.....hope the day will come when we dont have currencies and get to see a FUTURE WORLD- BITCOIN WORLD am dying and waiting for the day to come
Well, i think bitcoins will be more popular in the future and yes maybe it will be the global currency maybe one day all countries will use this currency. when it is happened, what happened with the current currencies?
I think bitcoin will not replace any current currencies but it will be surely an alternative currency to buy any thing in online.
In the real world it can only replace if it will be produced in physical coin, otherwise i think it will be the main currency online.
it will become soon ...am happy that it is gaining its popularity day by that.....hope the day will come when we dont have currencies and get to see a FUTURE WORLD- BITCOIN WORLD am dying and waiting for the day to come
Well, i think bitcoins will be more popular in the future and yes maybe it will be the global currency maybe one day all countries will use this currency. when it is happened, what happened with the current currencies?
I think bitcoin will not replace any current currencies but it will be surely an alternative currency to buy any thing in online.
In the real world it can only replace if it will be produced in physical coin, otherwise i think it will be the main currency online.
it will become soon ...am happy that it is gaining its popularity day by that.....hope the day will come when we dont have currencies and get to see a FUTURE WORLD- BITCOIN WORLD am dying and waiting for the day to come
Well, i think bitcoins will be more popular in the future and yes maybe it will be the global currency maybe one day all countries will use this currency. when it is happened, what happened with the current currencies?
I think bitcoin will not replace any current currencies but it will be surely an alternative currency to buy any thing in online.
it will become soon ...am happy that it is gaining its popularity day by that.....hope the day will come when we dont have currencies and get to see a FUTURE WORLD- BITCOIN WORLD am dying and waiting for the day to come
Well, i think bitcoins will be more popular in the future and yes maybe it will be the global currency maybe one day all countries will use this currency. when it is happened, what happened with the current currencies?
it will become soon ...am happy that it is gaining its popularity day by that.....hope the day will come when we dont have currencies and get to see a FUTURE WORLD- BITCOIN WORLD am dying and waiting for the day to come
Well, i think bitcoins will be more popular in the future and yes maybe it will be the global currency maybe one day all countries will use this currency. when it is happened, what happened with the current currencies?
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deisik & RealBitcoin
Actually I would like it if the Fed raises rates. Very few times in history have we seen such distortions caused by ZIRP. Asset prices are very high, even if measured inflation is low (my explanation guess: very low "Monetary Velocity").
Pensions and investors need a positive rate of return on their investments. Otherwise it is theft ("financial repression").
Policy makers (.gov and .fed) are doing a very poor job of managing our (USA, probably the whole Western world as well) economy, I have no trust in them nor their competence. I sold almost the entire the balance of my stocks & bonds a month or so ago.
Gold, CA$H, real estate and BTC. And BTC is about 1% of my assets, no more than that.
deisik & RealBitcoin
Actually I would like it if the Fed raises rates. Very few times in history have we seen such distortions caused by ZIRP. Asset prices are very high, even if measured inflation is low (my explanation guess: very low "Monetary Velocity").
Pensions and investors need a positive rate of return on their investments. Otherwise it is theft ("financial repression").
Policy makers (.gov and .fed) are doing a very poor job of managing our (USA, probably the whole Western world as well) economy, I have no trust in them nor their competence. I sold almost the entire the balance of my stocks & bonds a month or so ago.
Gold, CA$H, real estate and BTC. And BTC is about 1% of my assets, no more than that.
That seems to be right. I have a higher percentage, but I bought only a small part of my BTC stash with fiat. The best part of it came in through speculation...
...
deisik & RealBitcoin
Actually I would like it if the Fed raises rates. Very few times in history have we seen such distortions caused by ZIRP. Asset prices are very high, even if measured inflation is low (my explanation guess: very low "Monetary Velocity").
Pensions and investors need a positive rate of return on their investments. Otherwise it is theft ("financial repression").
Policy makers (.gov and .fed) are doing a very poor job of managing our (USA, probably the whole Western world as well) economy, I have no trust in them nor their competence. I sold almost the entire the balance of my stocks & bonds a month or so ago.
Gold, CA$H, real estate and BTC. And BTC is about 1% of my assets, no more than that.
deisik & RealBitcoin
Actually I would like it if the Fed raises rates. Very few times in history have we seen such distortions caused by ZIRP. Asset prices are very high, even if measured inflation is low (my explanation guess: very low "Monetary Velocity").
Pensions and investors need a positive rate of return on their investments. Otherwise it is theft ("financial repression").
Policy makers (.gov and .fed) are doing a very poor job of managing our (USA, probably the whole Western world as well) economy, I have no trust in them nor their competence. I sold almost the entire the balance of my stocks & bonds a month or so ago.
Gold, CA$H, real estate and BTC. And BTC is about 1% of my assets, no more than that.
What about endogenous money creation and destruction as required by the economy? I assume it won't be a matter of dispute that 1) this is a useful feature, and 2) Bitcoin is totally devoid of it...
Money is never destroyed, it is supposed to when the interest rates rise but we all know how BS is that.
Many central banks are targeting inflation rate, and as long as they succeed (keeping it low, but not lower), you will have to agree that interest rates are ultimately irrelevant
The interest rates can never ever fucking rise again, because that woud collapse the world economy under the pressure of debt
Who owes whom, globally?
What about endogenous money creation and destruction as required by the economy? I assume it won't be a matter of dispute that 1) this is a useful feature, and 2) Bitcoin is totally devoid of it...
Money is never destroyed, it is supposed to when the interest rates rise but we all know how BS is that.
The interest rates can never ever fucking rise again, because that woud collapse the world economy under the pressure of debt
Bitcoin is already a global currency in the terms of cryptocurrencies. Agreed.
USD is the only global currency atm tho.
USD is the only global currency atm tho.
LOL, Bitcoin can't replace USD, Bitcoin still a baby. i'm not sure Bitcoin can be a real global currency, it's just alt currency but it will big and will be a global alternative currency. the fact is there are still a lot people still choose a paypal than bitcoin, it's prove if Bitcoin can't replace fiat, but it became a global alternative currency.
Bitcoin is a baby but it has started to walk
, i see especially my friends time by time are more interested about bitcoin but as anyone are afraid to invest because of decline. Fiat has it own place and can't be replaced by bitcoin but online bitcoin is competitive.Well, unless your friends are willing to invest tens of thousands of dollars I don’t see why anyone could be afraid; invest a sum that, if everything goes to hell, you’ll not be afraid to lose, maybe a few hundreds, tops. Familiarize yourself with the bitcoin community and see if it’s for you.
I don't have friends that will invest tens of thousands of dollars in bitcoin. These are called boss(es)
What about endogenous money creation and destruction as required by the economy? I assume it won't be a matter of dispute that 1) this is a useful feature, and 2) Bitcoin is totally devoid of it...
Bitcoin/gold/silver is our saviour!
Lol, you talk about logarithmic charts, but at the same time fail to notice that the Y-axis at this chart doesn't start at zero and the M3 monetary aggregate had actually increased only by 25% in the time span of ten years (less than 3% annually)...
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