Topic: Bitcoin is Becoming a Global Currency - page 141. (Read 226473 times)
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
Fiat cannot compete with bitcoin, that is why it is forced on us!
In hyperinflation peeps easily switch either to using some foreign currency or to trading through barter. Therefore, no one can force you to stick to a money that is no longer money (see Zimbabwe as the most recent example). Yes, you still have to pay taxes, but in this very case you pay them with already devalued money (Olivera–Tanzi effect)...
What do you talk about guys, Bitcoin is Currency, Bitcoin is Money.
Fiat is Currency, but Fiat is not money, it's a "bank-note" a.k.a toilet paper with human pictures on it.
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If there would be no fiat money, bitcoin would probably be used by much more people than it is now. People need a means of exchange, and bitcoin is perfect for the digital age +2000 era.
The first part naturally contradicts the second
Ok, i corrected it. I like you are like my old grammar teacher, always picking on the small mistakes.
Kinda seems you didn't even grasp what I was referring to. I specifically omitted "money" from highlighting, so that you would get a clue, but since you are devastatingly clueless, this didn't help either...
If fiat is not money, it cannot compete with something being money as money, by definition
What do you talk about guys, Bitcoin is Currency, Bitcoin is Money.
Fiat is Currency, but Fiat is not money, it's a "bank-note" a.k.a toilet paper with human pictures on it.
-----
If there would be no fiat money, bitcoin would probably be used by much more people than it is now. People need a means of exchange, and bitcoin is perfect for the digital age +2000 era.
The first part naturally contradicts the second
Ok, i corrected it. I like you are like my old grammar teacher, always picking on the small mistakes.
What do you talk about guys, Bitcoin is Currency, Bitcoin is Money.
Fiat is Currency, but Fiat is not money, it's a "bank-note" a.k.a toilet paper with human pictures on it.
-----
If there would be no fiat money, bitcoin would probably be used by much more people than it is now. People need a means of exchange, and bitcoin is perfect for the digital age +2000 era.
The first part naturally contradicts the second
What do you talk about guys, Bitcoin is Currency, Bitcoin is Money.
Fiat is Currency, but Fiat is not money, it's a "bank-note" a.k.a toilet paper with human pictures on it.
-----
If there would be no fiat currency, bitcoin would probably be used by much more people than it is now. People need a means of exchange, and bitcoin is perfect for the digital age +2000 era.
Fiat is Currency, but Fiat is not money, it's a "bank-note" a.k.a toilet paper with human pictures on it.
-----
If there would be no fiat currency, bitcoin would probably be used by much more people than it is now. People need a means of exchange, and bitcoin is perfect for the digital age +2000 era.
yes soon it will be the world wide best technology ..and it will replce or extect the word "money" we will call it 'cryptomoney' in a smarter way.I wish I got 10bitcoins in next year before its too late and future comes in
No, money is a good term. But people have to learn that the toilet paper that they have in their purse is not money, its a "bank-note" or in other words its a toilet paper scam currency.
Money is only: gold,silver, bitcoin.
yes soon it will be the world wide best technology ..and it will replce or extect the word "money" we will call it 'cryptomoney' in a smarter way.I wish I got 10bitcoins in next year before its too late and future comes in
No, money is a good term. But people have to learn that the toilet paper that they have in their purse is not money, its a "bank-note" or in other words its a toilet paper scam currency.
Money is only: gold,silver, bitcoin.
I totally agree with you because their is no future of Bitcoin with out Currency, because at the end of the day what ever you do with bitcoins you have to convert it through Currency, but in future bitcoin will become essential as most the part of every business they will start bitcoin as payment system, but then also bitcoins original price will be according to the Currency.
yes soon it will be the world wide best technology ..and it will replce or extect the word "money" we will call it 'cryptomoney' in a smarter way.I wish I got 10bitcoins in next year before its too late and future comes in
No, money is a good term. But people have to learn that the toilet paper that they have in their purse is not money, its a "bank-note" or in other words its a toilet paper scam currency.
Money is only: gold,silver, bitcoin.
yes soon it will be the world wide best technology ..and it will replce or extect the word "money" we will call it 'cryptomoney' in a smarter way.I wish I got 10bitcoins in next year before its too late and future comes in
No, money is a good term. But people have to learn that the toilet paper that they have in their purse is not money, its a "bank-note" or in other words its a toilet paper scam currency.
Money is only: gold,silver, bitcoin.
yes soon it will be the world wide best technology ..and it will replce or extect the word "money" we will call it 'cryptomoney' in a smarter way.I wish I got 10bitcoins in next year before its too late and future comes in
Yeah. Bitcoin is becoming a global currency and after sometime, it will use anywhere. In my think, peoples is preffering Bitcoin more and more 
Yes, Bitcoin has potential to become a global currency but its kind of self serving and narrow. Bitcoin transfers are instant, regardless of the current price in FIAT, its an instant exchange medium, that's its main strength. Also, speculators do and will speculate on anything. All Bitcoin really does is speed and cut the cost of transfers from buyer to seller of goods. Due to such unique qualities Bitcoin can be global currency.
"If it is defined as a global currency, this would be a
positive step to encouraging the bitcoin market to
continue innovating. The Australian bitcoin market will
significantly improve.
positive step to encouraging the bitcoin market to
continue innovating. The Australian bitcoin market will
significantly improve.
I think every market for every country that has an exchange would improve.
Not just australian, and esp those who need to move money the most would be the ones to 1st explode.
"If it is defined as a global currency, this would be a
positive step to encouraging the bitcoin market to
continue innovating. The Australian bitcoin market will
significantly improve.
positive step to encouraging the bitcoin market to
continue innovating. The Australian bitcoin market will
significantly improve.
I think every market for every country that has an exchange would improve.
Not just australian, and esp those who need to move money the most would be the ones to 1st explode.
Yeah, but at what point do you consider it to be officially a decline?
I buy in small amounts, but at this point in time. I think buying in general should be avoided despite people stating its cheap, and further your creative options to get it by selling something or other creative ways then buying a coin.
cause you know some go all-in and now they are in debt based on the rate dependency.
Well maybe some people think bitcoin will devalue over time from here on out and fluctuate at a price way lower than what it was in 2013; that doesn't mean that people still won't believe in the value of a decentralized currency that can be globally used. Honestly, I think that there will be 3 or 4 major players in the crypto world that would offer different capabilities. That, in turn, means that bitcoin would have to share the market of who uses cryptocurrency (because, let's face it... fiat isn't going anywhere).
So what I'm trying to get at is that maybe more and more people are starting to not like how bitcoins volatile market is going right now due to the blockchain debate... so people with bitcoins (I think) are starting to hedge funds into altcoins that they think are going to "make it". When I say "make it" I don't mean surpass the price of bitcoin, but instead be a major player that has substantial amount of value above a couple of dollars per coin. Therefore, the occasional bubble and bursts of btc are going to happen for a while now because when people see it declining in price, they aren't just buying btc because they think that it's going to go to $900 again... but they are trying to ride the bull to a certain price point to get more "bang for their buck" to get more altcoins per btc.
Theres some hard truth for people to swallow lol.
Fiat isnt going to go anywhere, and I like how some threads say that bitcoin would be a world reserve currency to replace fiat lolll.
Yeah, but at what point do you consider it to be officially a decline?
I buy in small amounts, but at this point in time. I think buying in general should be avoided despite people stating its cheap, and further your creative options to get it by selling something or other creative ways then buying a coin.
cause you know some go all-in and now they are in debt based on the rate dependency.
Well maybe some people think bitcoin will devalue over time from here on out and fluctuate at a price way lower than what it was in 2013; that doesn't mean that people still won't believe in the value of a decentralized currency that can be globally used. Honestly, I think that there will be 3 or 4 major players in the crypto world that would offer different capabilities. That, in turn, means that bitcoin would have to share the market of who uses cryptocurrency (because, let's face it... fiat isn't going anywhere).
So what I'm trying to get at is that maybe more and more people are starting to not like how bitcoins volatile market is going right now due to the blockchain debate... so people with bitcoins (I think) are starting to hedge funds into altcoins that they think are going to "make it". When I say "make it" I don't mean surpass the price of bitcoin, but instead be a major player that has substantial amount of value above a couple of dollars per coin. Therefore, the occasional bubble and bursts of btc are going to happen for a while now because when people see it declining in price, they aren't just buying btc because they think that it's going to go to $900 again... but they are trying to ride the bull to a certain price point to get more "bang for their buck" to get more altcoins per btc.
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.the best time to invest actually is when there is decline, a few weeks and there will be the same bubbles, same increase and decline and the cycle keeps repeating itself, its an investment and its volatile. Time to deal with it and make better choices than rant on forums question speculation graphs and authenticity of statistics.. Its not that complicated, man
Yeah, but at what point do you consider it to be officially a decline?
I buy in small amounts, but at this point in time. I think buying in general should be avoided despite people stating its cheap, and further your creative options to get it by selling something or other creative ways then buying a coin.
cause you know some go all-in and now they are in debt based on the rate dependency.
Regardless of speculation, I don't see fiat disappearing anytime soon. Only expand, remember there are bazillions of currencies in existance. Working in parallel. Each have it's niche, either beeing locally accepted or universally applicable (as in world's reserve)
They will both fight with eachother until all of them simultaneously reach their intrinsic value: 0.
Its called currency wars, and it will end in a few years, of that I have no doubt. Now it can end softly, or it can end the hard way.
But eventually hyperinflation will be inevitable. So then bitcoin will have a strong up-hand!
Its no doubt that intrisinc value will become zero.
But its a matter of when and how many more years it`ll take to be zero is the waiting process lol.
I personally dont think it`ll happen anytime soon though.
True, as the saying goes "The market can remain irrational longer than you can remain solvent". While some speculate that the day some of the major currencies will hit zero could be soon, that’s not my belief. I think we’re going to wait a few decades.
Yea but i`m not trading USD, so i dont really care about it. In fact I dont even have any USD anymore, sold the some I had months ago.
I hold some EUR, but i`ll sell that too soon if SHTF, especially as the QE in europe has been admitted by the IMF that it didnt had any results, so they will probably do more of it.
Japan does QE for 30 years, and they are near hyperinflation, if 1 domino falls they will all fall.
These currency wars are a race to the bottom, and they will all be worth toilet paper soon.
What is the bitcoin split?
Might be referring to the recent issue regarding different versions of bitcoin, XT and Core in particular. Because the network couldn't reach to a consensus or even a compromise, some people believe that the network would be split in different parties believing in different bitcoin implementations and might remain like that until consensus is finally reached. The XT guys are stressing out that if we really want to see widespread adoption, we should take into consideration that 1MB block size limit is pretty small to that matter whereas Core guys believe that 1MB block size limit is in itself sufficient to handle future transactions regardless of growth and should only change once the need for it arises.
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