Bitcoin is Becoming a Global Currency - page 19.

stadus

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Quote from: w33man on November 10, 2017, 02:40:37 AM

Quote from: benjamindees on March 28, 2014, 04:31:21 AM

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.

When it comes to the world of internet, yes. Bitcoin is the only reliable and most common cryptocurrency in the internet. This is why most probably people around the world prefer to use it. Hopefully, others will realize this too because it's for their own good.

There are a lot of crypto-currency that is always good in using online, bitcoin is just the most popular because it was invented first.
Bitcoin is not cheap anymore if you will compare with the fees on altcoins, the bigger the value of bitcoin increases, the more it's become expensive to transact.

w33man

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Quote from: benjamindees on March 28, 2014, 04:31:21 AM

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.

When it comes to the world of internet, yes. Bitcoin is the only reliable and most common cryptocurrency in the internet. This is why most probably people around the world prefer to use it. Hopefully, others will realize this too because it's for their own good.

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Quote from: ask on November 08, 2017, 02:59:52 AM

I am waiting that goverments start to reserve bitcoin like gold or USD. then bitcoin will be a global currency.
Without a goverment reserve we can not call bitcoin a global currency.

I guess that would not happen because bitcoin is not in their control, they can consider their own very precious but not their competitor.
Bitcoin is one of the best invention and I would say I like the current situation now, I don't know what will happen if the government will start to impose strict rules on us bitcoin holders.

pavelv3

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for bitcoin becoming a worldwide forex very first it need to have to be used more than all web site as an online payment. now the numbre of web site utilizing bitcoin grow working day by working day.and soon after bitcoin get to that it will be utilised in stores and other factors and in that minute we can say that bitcoin is a worldwide currency.it have a prolonged way to go and that will consider a lengthy time but if it continu like that it will come a day to reach that objective.

Malaya

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As the days goes by, we can see how bitcoin also evolves and how it has been widely accepted by various countries worldwide. Bitcoin becoming a global currency is not impossible to happened years from now. As bitcoin continuous the flow of it's market, I'm sure it will be used and accepted all the more even the people who haven't heard of it now. We all know for the fact the bitcoin is so useful most especially on global transactions like changing the currency in USD, Euro, Yen, etc... this means, it is as if it's liquid matter that can be used well anywhere.

ask

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I am waiting that goverments start to reserve bitcoin like gold or USD. then bitcoin will be a global currency.
Without a goverment reserve we can not call bitcoin a global currency.

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Quote from: Charisse1229 on November 07, 2017, 04:32:24 AM

Quote from: benjamindees on March 28, 2014, 04:31:21 AM

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.

I think US Dollar is still the most used business currency in the world. You are paying for most of your international deal with US Dollars after all. I don't think it will gonna change anytime soon. Bitcoin is definitely not a currency that will catch on globally at this time

Bitcoin is a currency but US Dollar is still the most used currency even until now because that is a universal money and a lot of countries are using that for a lot of decades and with US Dollar, there is no problem but they can also use bitcoin as a way of paying things internationally because bitcoin is also fast and secure but as of now, it is still an option.

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Quote from: benjamindees on March 28, 2014, 04:31:21 AM

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.

It is a great opportunity for us if that will happen. But to others who are not yet using bitcoin, it could be hard for them to adapt such currency because they do not know how to use it and they do not know how to start wit it. But for us who are already using bitcoin, of course, it could be easy for us.

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Quote from: benjamindees on March 28, 2014, 04:31:21 AM

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.

I think, it would be just a matter of time before Bitcoin can be called as the global currency or should I say, the international currency. Today, bitcoin is being known to every countries and it is a big shock for them once they knew about it, that there are cryptocurrencies that actually are having larger value than what they use today. Many people are just being drawn to bitcoin and they are asking for it to be used in their daily payments or transactions.

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Quote from: benjamindees on March 28, 2014, 04:31:21 AM

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.

I think US Dollar is still the most used business currency in the world. You are paying for most of your international deal with US Dollars after all. I don't think it will gonna change anytime soon. Bitcoin is definitely not a currency that will catch on globally at this time

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Quote from: Mr Tea on July 03, 2015, 11:46:55 AM

Quote from: merve10495 on April 07, 2015, 11:30:44 PM

People talk about Bitcoin one day becoming a global currency but something we don't consider is a currency is anything that you can trade goods and services for.
Money (Fiat or cryptocurrency) is only worth what people value it at.

Bitcoin is valued at ~330AUD$ and is used globally.
Bitcoin already is a global currency. It is used around the world and is technically valued higher than any other currency in the modern world.

It's arguable as to whether its a global currency. Sure, it can be used globally but in not many places. It would be very difficult to travel the world on bitcoin or survive solely on it. I hope one day this will change however and it will take time but I do believe it could become the worlds first global currency.

It's interest has been increased globally and will slowly become internationally accepted by almost all vendors. As for traveling, once you have enough money to trade with bitcoin you can become financially independent to spend on traveling and others leisure expenses too. Once the popularity increases every circumstance will support bitcoin.

King Sastro

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If this happens of course this is good news, bitcoin or cryptocurrency can make international transactions easier and safer, as we know that transactions between countries currently using USD or EURO, of course this makes a high dependency with 2 currency .

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Quote from: mistanama on November 07, 2017, 02:57:03 AM

Bitcoins are coming soon. That will definitely change the way Payments are used. And it's especially near now that bitcoins are already recognized by countries and legally using it. So the bitcoins can not explain our lives full of darkness. Let's take our bitcoins and consider them as gold. Surely the world will be cashless world.

It may be that many countries accept it as a form of payment, but many countries have banned it so we still have to wait a long time.

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Bitcoins are coming soon. That will definitely change the way Payments are used. And it's especially near now that bitcoins are already recognized by countries and legally using it. So the bitcoins can not explain our lives full of darkness. Let's take our bitcoins and consider them as gold. Surely the world will be cashless world.

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Quote from: benjamindees on March 28, 2014, 04:31:21 AM

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.

Wow! And I think today it is more than exposed than this time. Well that will be the great future of bitcoin to become one of the Global currency into the world.

PetalPose

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Every country has a minimum of a single person using bitcoin. So in a single type it's already a worldwide forex but in other terms of controllability and global approval it requires time to arise as a worldwide currency.

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If I am honest I don't see this happen whatsoever, its too a lot if you ask me and the fact is that a global forex is originating but it will not be the bitcoin for sure.The bitcoin is just too small and it is also not manageable through the federal government therefore it should never be accepted by the globe.

Semaj123

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Quote from: appleffi on November 03, 2017, 08:25:17 PM

I thought about that too. Bitcoin is the currency that is recognized in almost all the 7 continents of the world. This is a superb thing circulating the world for it can be widely used globally thus one currency we can all unite for. Isn't - good thing to have?

Still it is impossible that it will become the global currency because bitcoin has no proper value.Its difficult to think a currency that is so volatile and still other countries dont legalized bitcoin as form of payment.It can lead to many discrepancies and would create a problem to world market.

sunnex100

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Bitcoin is rising in prominence globally. It is now being used and adopted for many transactions across the world. It transcends border and guarantees anonymity. The internet and technology has change a lot of things and Btcoin is proving to be the new global monetary paradigm.

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Quote from: benjamindees on March 28, 2014, 04:31:21 AM

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.

we must admit that bitcoin has the potential to be a global currency, because it is being recognized so many countries and is being used some of their transactions like payments, spending online shops, restaurants and so on..But it also has a disadvantage for it is also being used for maoney laundering and even payments for drugs and there are still few countries that doesn't accept Bitcoin and even see bitcoins as illegal. I think bitcoin still has to face a lot of legal discussions before it is legally declared as a global currency.

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