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Topic: Bitcoin is Becoming a Global Currency - page 32. (Read 226365 times)

hero member
Activity: 1190
Merit: 500
September 04, 2017, 11:48:13 AM
Bitcoin has gained global popularity due to its nature of transactions. It is very easy to transact with bitcoin and there are no elaborate procedures involved. It can also not be traced easily that is why many people prefer using it. This feature has made it to be liked by many people thus its likelihood of becoming a global currency is high, specially in a time of a global economical decadence like now...
It seems to me that bitcoin is gaining popularity because for many it has become a source of additional income and sometimes the income becomes more than the basic income. The myth of the privacy of bitcoins is wildly exaggerated. You can always be calculated on exchange transactions.
yeah increasingly popular bitcoin day for certain reasons such as profitable investment, fast transactions, currency freedom, etc. the most important and appropriate to this topic is bitcoin has spread to all corners of the world even in poor country even in africa some people have adopted bitcoin for their transaction tool proven I ever did transaction with nigeria people to buy score tips, it proves that bitcoin already spread and become global currency
hero member
Activity: 826
Merit: 529
September 04, 2017, 11:29:28 AM
it will take some years to become a global currency because Bitcoin has to gain much availability and credibility across the world. But it will be a common currency in the developed countries very soon. But it will be difficult for the least developed countries because of unavailability of Bitcoin.
full member
Activity: 266
Merit: 111
September 04, 2017, 11:10:31 AM
It is likely to happen for bitcoin to become a global currency but it needs the acceptance of government. Bitcoin popularity increases very fast and so as the demand continue to grow it only means it is accepted globally but somehow it cannot achieve the full adoptation of the market maybe in few more years bitcoin will become the major cryptocurrency accepted globally
sr. member
Activity: 392
Merit: 292
September 04, 2017, 10:10:32 AM
Every region has at the very least a single man or woman who use bitcoin. So in one particular type it has previously a international forex but in other phrases of controllability and international acceptance it requires time to emerge as a global currency.
Actually the definition of Bitcoin is a global currency at first. However, it just not accept by goverment and illegal. Therefore, there are many investor wait Bitcoin become to legal for helps them have a reason for believe future of Bitcoin.
Bitcoins are sued for international transactions and people really want them to be legalized all over the world. There is nothing wrong in legalizing bitcoins as long as they are not controlled by governments because the moment it happened, the bitcoins will lose their attraction.
Not only that they will lose its attraction but also the whole concept of bitcoin in all. It is right that there's nothing wrong about making bitcoin legalized all over the world but we can't control the decisions of other countries are we now.

Once the government get their hands on Bitcoin, it will start to lose its value and eventually be eradicated to the point where it will have no meaning at all.
newbie
Activity: 28
Merit: 0
September 04, 2017, 10:01:59 AM
The governments don't like it because they dont really know how to regulate it so as they can continue to steal just as much from the people that use it. The banks hate it because it's threatening the very core of their existence. But even governments have to keep up with the times so if people want to use it for Internet shopping then they will find a way to still get their cut.
legendary
Activity: 1106
Merit: 1000
September 04, 2017, 08:50:21 AM
Bitcoin has gained global popularity due to its nature of transactions. It is very easy to transact with bitcoin and there are no elaborate procedures involved. It can also not be traced easily that is why many people prefer using it. This feature has made it to be liked by many people thus its likelihood of becoming a global currency is high, specially in a time of a global economical decadence like now...
It seems to me that bitcoin is gaining popularity because for many it has become a source of additional income and sometimes the income becomes more than the basic income. The myth of the privacy of bitcoins is wildly exaggerated. You can always be calculated on exchange transactions.
every day bitcoin is growing in popularity as many people from different parts of the world start using bitcoin and automatically the more people then the bitcoin will be increasingly accepted in various retailers, stores, merchants, etc and with that you will be easier to spend on your bitcoin bitcoins

That's what we are hoping to continue to happen until a massive adoption will happen, bitcoin is just relatively new for most of the people
but its increasing popularity is a good sigh to lead this for a more bigger success in the future.
We support bitcoin not only because we make money from it but because we feel the need of humanity to enjoy the benefits of using bitcoin.
hero member
Activity: 952
Merit: 503
September 04, 2017, 08:05:20 AM
Every region has at the very least a single man or woman who use bitcoin. So in one particular type it has previously a international forex but in other phrases of controllability and international acceptance it requires time to emerge as a global currency.
Actually the definition of Bitcoin is a global currency at first. However, it just not accept by goverment and illegal. Therefore, there are many investor wait Bitcoin become to legal for helps them have a reason for believe future of Bitcoin.
Bitcoins are sued for international transactions and people really want them to be legalized all over the world. There is nothing wrong in legalizing bitcoins as long as they are not controlled by governments because the moment it happened, the bitcoins will lose their attraction.
legendary
Activity: 1372
Merit: 1008
September 04, 2017, 05:53:43 AM
Bitcoin has gained global popularity due to its nature of transactions. It is very easy to transact with bitcoin and there are no elaborate procedures involved. It can also not be traced easily that is why many people prefer using it. This feature has made it to be liked by many people thus its likelihood of becoming a global currency is high, specially in a time of a global economical decadence like now...
It seems to me that bitcoin is gaining popularity because for many it has become a source of additional income and sometimes the income becomes more than the basic income. The myth of the privacy of bitcoins is wildly exaggerated. You can always be calculated on exchange transactions.
every day bitcoin is growing in popularity as many people from different parts of the world start using bitcoin and automatically the more people then the bitcoin will be increasingly accepted in various retailers, stores, merchants, etc and with that you will be easier to spend on your bitcoin bitcoins
sr. member
Activity: 392
Merit: 292
September 04, 2017, 05:05:02 AM
Every region has at the very least a single man or woman who use bitcoin. So in one particular type it has previously a international forex but in other phrases of controllability and international acceptance it requires time to emerge as a global currency.
You're ratio is very bad I mean there would only be atleast one in every region? I mean this is a 'region' we're talking about and if I will be the one to ratio it it would be 10/100 people in the same region have knowledge on how to earn Bitcoin or even I could say that 50/100 people in that region knew what Bitcoin is.
legendary
Activity: 1106
Merit: 1001
The Decentralized TCP/IP Internet Protocol
September 03, 2017, 12:15:41 PM
Every region has at the very least a single man or woman who use bitcoin. So in one particular type it has previously a international forex but in other phrases of controllability and international acceptance it requires time to emerge as a global currency.
Actually the definition of Bitcoin is a global currency at first. However, it just not accept by goverment and illegal. Therefore, there are many investor wait Bitcoin become to legal for helps them have a reason for believe future of Bitcoin.
sr. member
Activity: 532
Merit: 280
September 03, 2017, 11:00:37 AM
This is not possible in the future because bitcoin have a potential to be a great currency in the future which giving more people a chance to be rich. Being global currency i think it will take a long time to happen but it will happen for sure just believed in this currency.
newbie
Activity: 50
Merit: 0
September 03, 2017, 10:48:07 AM
Every region has at the very least a single man or woman who use bitcoin. So in one particular type it has previously a international forex but in other phrases of controllability and international acceptance it requires time to emerge as a global currency.
sr. member
Activity: 980
Merit: 255
August 23, 2017, 05:33:55 PM
Bitcoin is significantly different from all coins. And its main difference is the lack of territorial linkage. And this suggests that bitcoin since its inception was a global currency
This is a good point a currency minted by a government is meant to be used in its territory nothing more, this is why the system using US dollars is so unstable since it was not created with that purpose in mind, in the past some communities printed their own currency as well but that put a limitation to where you could spend your money, with bitcoin there is not such a limitation and the fact that it is not linked to any state makes it in my opinion the perfect settlement currency in the world.
hero member
Activity: 959
Merit: 500
August 22, 2017, 09:29:02 AM
Bitcoin is becoming a global asset!
For being a currency the price increase is simply too high.
Everybody who buys bitcoin at this point is doing so with the intention of making profit with it.
I can't blame the people for doing so, when you have the chance to make a living you need to take it.
But the times when bitcoin was a currency are over.
sr. member
Activity: 406
Merit: 256
August 22, 2017, 09:06:36 AM
Bitcoin has gained global popularity due to its nature of transactions. It is very easy to transact with bitcoin and there are no elaborate procedures involved. It can also not be traced easily that is why many people prefer using it. This feature has made it to be liked by many people thus its likelihood of becoming a global currency is high, specially in a time of a global economical decadence like now...
It seems to me that bitcoin is gaining popularity because for many it has become a source of additional income and sometimes the income becomes more than the basic income. The myth of the privacy of bitcoins is wildly exaggerated. You can always be calculated on exchange transactions.
sr. member
Activity: 476
Merit: 314
August 22, 2017, 09:00:33 AM
Bitcoin has gained global popularity due to its nature of transactions. It is very easy to transact with bitcoin and there are no elaborate procedures involved. It can also not be traced easily that is why many people prefer using it. This feature has made it to be liked by many people thus its likelihood of becoming a global currency is high, specially in a time of a global economical decadence like now...
sr. member
Activity: 882
Merit: 282
August 22, 2017, 03:10:24 AM
Of a truth blockchain technology which bitcoin is a represent is the only financial system that can represent global financial system. Bitcoin is most acceptable because the system is OK for global acceptability. From Africa to Asia to west and east bitcoin is now most accepted currency.
sr. member
Activity: 819
Merit: 251
August 22, 2017, 02:57:01 AM
No it can't be, bitcoin need transaction a time will put there, we can easily contact each other and connect to people , send funds easily, but the point here is what if there is a problem with block chain, the transaction will be delay and all of the transaction of people will delay also, that is the disadvantage of bitcoin becoming a global currency.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
August 22, 2017, 12:33:40 AM
i think bitcoin is becoming a worldwide currency . i think after 1-2 years all people will know about bitcoin for sure
to me i think bitcoin is already a global currency because people are using bitcoin throughout the world.
Well, it is for me as well, even in small countries they are starting to recognize bitcoin already and there are altcoins that are popular now and with them people will also know about bitcoin. This progress is very impressive, and that is because of the people who continued to support bitcoin, in the future we will be big because the adoption continues to grow.
The evolution of bitcoin will continue and the growth of its users will continue to grow also because the world is getting into a point where the people are getting more a kind of tech lover and if we are going to visualize the world 10 years ago then we can see that bitcoin will be one of the most popular invention that is being used by almost anyone in that time.
hero member
Activity: 3052
Merit: 606
August 21, 2017, 10:21:51 PM
i think bitcoin is becoming a worldwide currency . i think after 1-2 years all people will know about bitcoin for sure
to me i think bitcoin is already a global currency because people are using bitcoin throughout the world.
Well, it is for me as well, even in small countries they are starting to recognize bitcoin already and there are altcoins that are popular now and with them people will also know about bitcoin. This progress is very impressive, and that is because of the people who continued to support bitcoin, in the future we will be big because the adoption continues to grow.
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