Bitcoin is Becoming a Global Currency - page 142.

edric

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Quote from: mordekaiser on September 01, 2015, 12:25:50 PM

Quote from: avatar_kiyoshi on September 01, 2015, 12:03:42 PM

Quote from: jt byte on August 31, 2015, 06:53:16 AM

Quote from: avatar_kiyoshi on August 30, 2015, 02:47:58 PM

Quote from: mindrust on August 29, 2015, 05:40:32 AM

Bitcoin is already a global currency in the terms of cryptocurrencies. Agreed.

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 Tongue

, 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.

That is the point, still need some problem which should to solved(block size i means Tongue

).
people afraid to invest is because bitcoin price is volatile with significantly, bit for who believe to bitcoin they will haven't doubt.

I`m just more worried on the bitcoin split.

And since most common users only know one wallet or the normal person coming to bitcoin will have a hard time what the 2 differences are lol.

What is the bitcoin split?

wxa7115

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Bitcoin is GOD

Quote from: lissandra on August 31, 2015, 06:38:24 PM

Quote from: RealBitcoin on August 31, 2015, 12:22:54 PM

Quote from: roadbits on August 31, 2015, 03:03:06 AM

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.

mordekaiser

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Quote from: avatar_kiyoshi on September 01, 2015, 12:03:42 PM

Quote from: jt byte on August 31, 2015, 06:53:16 AM

Quote from: avatar_kiyoshi on August 30, 2015, 02:47:58 PM

Quote from: mindrust on August 29, 2015, 05:40:32 AM

Bitcoin is already a global currency in the terms of cryptocurrencies. Agreed.

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 Tongue

, 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.

That is the point, still need some problem which should to solved(block size i means Tongue

).
people afraid to invest is because bitcoin price is volatile with significantly, bit for who believe to bitcoin they will haven't doubt.

I`m just more worried on the bitcoin split.

And since most common users only know one wallet or the normal person coming to bitcoin will have a hard time what the 2 differences are lol.

avatar_kiyoshi

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Activity: 1106

Merit: 1000

Quote from: jt byte on August 31, 2015, 06:53:16 AM

Quote from: avatar_kiyoshi on August 30, 2015, 02:47:58 PM

Quote from: mindrust on August 29, 2015, 05:40:32 AM

Bitcoin is already a global currency in the terms of cryptocurrencies. Agreed.

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 Tongue

, 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.

That is the point, still need some problem which should to solved(block size i means Tongue

).
people afraid to invest is because bitcoin price is volatile with significantly, bit for who believe to bitcoin they will haven't doubt.

luciann

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Activity: 252

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Quote from: wicks on August 30, 2015, 04:13:04 AM

Even if a person lives at some part of the world where he cannot have internet or something, it doesn't matter. Even with modest SMS messaging on your basic phone, you can transact business globally. You are the bank. Buy, sell and trade worldwide, with no banking fees. No car, debit card or ID required.

The most basic phone cant do everything on sms, but as long it has the form of internet to proceed transactions then yeah sms is a no brainer.

If you dont have internet, its almost impossible.

lissandra

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Activity: 434

Merit: 250

Quote from: RealBitcoin on August 31, 2015, 12:22:54 PM

Quote from: roadbits on August 31, 2015, 03:03:06 AM

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.

techgeek

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Quote from: acroman08 on August 31, 2015, 04:07:00 PM

theres no doubt bitcoin becoming a global currency if it keeps rising then it will soon. but before that it will be a problem to. it will be used on blackmarket,laundering and other criminal transaction.

If its a "currency" we should see more transactions for commerce. I think more of the part where bitcoin has way too many areas to increase its value in any market and the black market.

So eventually itll go up, despite global currency or not.

mrhelpful

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Its already a global money transmitter, but it wont be a currency format I see.

It challenges the usd dollar to replace, and if its the world reservce currency and if the usd failed, then another country can step in its fiat form.

acroman08

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theres no doubt bitcoin becoming a global currency if it keeps rising then it will soon. but before that it will be a problem to. it will be used on blackmarket,laundering and other criminal transaction.

RealBitcoin

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JAYCE DESIGNS - http://bit.ly/1tmgIwK

Quote from: roadbits on August 31, 2015, 03:03:06 AM

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!

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: jt byte on August 31, 2015, 06:53:16 AM

Quote from: avatar_kiyoshi on August 30, 2015, 02:47:58 PM

Quote from: mindrust on August 29, 2015, 05:40:32 AM

Bitcoin is already a global currency in the terms of cryptocurrencies. Agreed.

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 Tongue

, 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.

jt byte

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Quote from: HarHarHar9965 on August 31, 2015, 07:33:58 AM

Quote from: jt byte on August 31, 2015, 06:53:16 AM

Quote from: avatar_kiyoshi on August 30, 2015, 02:47:58 PM

Quote from: mindrust on August 29, 2015, 05:40:32 AM

Bitcoin is already a global currency in the terms of cryptocurrencies. Agreed.

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 Tongue

, 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

It was recently a decline, so to invest in something we should look when the price is cheap. But it can go lower and lower and the return of investment (ROI) would take just too long to get back the money.

HarHarHar9965

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Quote from: jt byte on August 31, 2015, 06:53:16 AM

Quote from: avatar_kiyoshi on August 30, 2015, 02:47:58 PM

Quote from: mindrust on August 29, 2015, 05:40:32 AM

Bitcoin is already a global currency in the terms of cryptocurrencies. Agreed.

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 Tongue

, 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

jt byte

hero member

Activity: 994

Merit: 500

Quote from: avatar_kiyoshi on August 30, 2015, 02:47:58 PM

Quote from: mindrust on August 29, 2015, 05:40:32 AM

Bitcoin is already a global currency in the terms of cryptocurrencies. Agreed.

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 Tongue

, 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.

ralle14

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Shuffle.com

i think it can be a global currency cause you can exchange
bitcoin to any currency you want

roadbits

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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)

avatar_kiyoshi

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Quote from: mindrust on August 29, 2015, 05:40:32 AM

Bitcoin is already a global currency in the terms of cryptocurrencies. Agreed.

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.

wxa7115

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Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: BTChaintrader on August 30, 2015, 07:40:11 AM

Quote from: wicks on August 30, 2015, 04:13:04 AM

Even if a person lives at some part of the world where he cannot have internet or something, it doesn't matter. Even with modest SMS messaging on your basic phone, you can transact business globally. You are the bank. Buy, sell and trade worldwide, with no banking fees. No car, debit card or ID required.

That's why the BTC's model is scalable, you can't reach those people (4 BILLION people are right now without fully functioning banking system) with the current banking model.

This is one of the greatest advantages of bitcoin, institutions like banks, need building, banking licenses, employees, etc. But with bitcoin you don’t need even a computer or phone; you just need access to those for a few minutes, so as long as you have access to a cyber café you can send payments all over the world.

oxiyusuf

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Quote from: BTChaintrader on August 30, 2015, 07:40:11 AM

Quote from: wicks on August 30, 2015, 04:13:04 AM

Even if a person lives at some part of the world where he cannot have internet or something, it doesn't matter. Even with modest SMS messaging on your basic phone, you can transact business globally. You are the bank. Buy, sell and trade worldwide, with no banking fees. No car, debit card or ID required.

That's why the BTC's model is scalable, you can't reach those people (4 BILLION people are right now without fully functioning banking system) with the current banking model.

well, and it's time bitcoin become a global currency, which is capable of providing the advantages of the paper currency

BTChaintrader

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Quote from: wicks on August 30, 2015, 04:13:04 AM

Even if a person lives at some part of the world where he cannot have internet or something, it doesn't matter. Even with modest SMS messaging on your basic phone, you can transact business globally. You are the bank. Buy, sell and trade worldwide, with no banking fees. No car, debit card or ID required.

That's why the BTC's model is scalable, you can't reach those people (4 BILLION people are right now without fully functioning banking system) with the current banking model.

Topic: Bitcoin is Becoming a Global Currency - page 142. (Read 226473 times)