Bitcoin is Becoming a Global Currency - page 37.

Viscore

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Quote from: hawkins on August 06, 2017, 01:50:59 AM

I think so many obstacles to bitcoin in order to become a global currency. A limited amount will make bitcoin just like gold. In addition, bitcoin is also not received by all countries. So maybe a lot of things have to be fixed to make bitcoin into global currency.

There are but that obstacle can be surpass if we will continue to stand for our support with bitcoin, it will not replace the current
financial system but it will just aid to make it better so I guess the government should not oppose this new technology.
We have to support and be strong as we can also hear negative speculation that would temp us to drop what we are holding now.

hawkins

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I think so many obstacles to bitcoin in order to become a global currency. A limited amount will make bitcoin just like gold. In addition, bitcoin is also not received by all countries. So maybe a lot of things have to be fixed to make bitcoin into global currency.

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Quote from: Casabrandy on August 06, 2017, 01:23:22 AM

Quote from: BeGoods on August 06, 2017, 01:05:30 AM

Quote from: Dainye_dyep on August 04, 2017, 11:26:11 AM

Quote from: Satterfield on March 28, 2014, 09:40:24 AM

Yes I also think that bitcoin is becoming a worldwide currency and more people are interested to know about it, how they can treat it.

I dont think so, since bitcoin is a digital currency, every people in this must have Internet connection and gadgets as well if that happened. So I think it is not a good idea that paper money will be xtiynct just think about the people who dont have and still can run with techy world.

I think no matter the number of bitcoin users in the world, when you can use bitcoin wherever you are even though it needs gadgets and internet to access it, I think it's included in the global currency, because you can use bitcoins anywhere and in all countries, and you can also send Bitcoin anywhere to all countries in the world?

In terms of usage it is really globally but in the number of users, it's only few to get into it unlike USD that are use by many. Though the importance of btc is really increasing for its user that anytime soon it will be popular thrice it is now.

yes as of now we are still few if you compared to the total population but fortunately everyday users are increasing rapidly on the contrary, methods on where to use it is not.

most cryptocoins are mainly used in trading/exchange platforms and theres nothing bad about it. its just that since they are still money after all. the users should have a variety

of choices on where to spend it, unfortunately its progress on that is really slow.

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Quote from: BeGoods on August 06, 2017, 01:05:30 AM

Quote from: Dainye_dyep on August 04, 2017, 11:26:11 AM

Quote from: Satterfield on March 28, 2014, 09:40:24 AM

Yes I also think that bitcoin is becoming a worldwide currency and more people are interested to know about it, how they can treat it.

I dont think so, since bitcoin is a digital currency, every people in this must have Internet connection and gadgets as well if that happened. So I think it is not a good idea that paper money will be xtiynct just think about the people who dont have and still can run with techy world.

I think no matter the number of bitcoin users in the world, when you can use bitcoin wherever you are even though it needs gadgets and internet to access it, I think it's included in the global currency, because you can use bitcoins anywhere and in all countries, and you can also send Bitcoin anywhere to all countries in the world?

In terms of usage it is really globally but in the number of users, it's only few to get into it unlike USD that are use by many. Though the importance of btc is really increasing for its user that anytime soon it will be popular thrice it is now.

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Quote from: Dainye_dyep on August 04, 2017, 11:26:11 AM

Quote from: Satterfield on March 28, 2014, 09:40:24 AM

Yes I also think that bitcoin is becoming a worldwide currency and more people are interested to know about it, how they can treat it.

I dont think so, since bitcoin is a digital currency, every people in this must have Internet connection and gadgets as well if that happened. So I think it is not a good idea that paper money will be xtiynct just think about the people who dont have and still can run with techy world.

I think no matter the number of bitcoin users in the world, when you can use bitcoin wherever you are even though it needs gadgets and internet to access it, I think it's included in the global currency, because you can use bitcoins anywhere and in all countries, and you can also send Bitcoin anywhere to all countries in the world?

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Quote from: Satterfield on March 28, 2014, 09:40:24 AM

Yes I also think that bitcoin is becoming a worldwide currency and more people are interested to know about it, how they can treat it.

Yes it may be a global currency, but it is not the dominating currency worldwide, it must be known in each state worldwide and be used for trading and investing non or virtial community to sistain fairness usage of it value and to be obtain by forum users.

NoNetwork

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Quote from: basyang on August 05, 2017, 03:40:30 PM

Quote from: Hazir on March 08, 2015, 07:07:36 PM

Quote from: countryfree on March 08, 2015, 06:48:24 PM

You may also note that many people may be using the US dollar without being US citizens.

That is exactly the case here. 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. While other currencies stay close and some are even more expensive than USD it dies not matter since dollars are more regarded and used all over the world. But I do not see bitcoin becoming World Currency anytime soon bitcoin revolution just begun.

I strongly agree with your opinion, I also do not think bitcoin will replace dollar even though bitcoin is popular nowadays it still have to improved and many people would be knowledgeable about it. To become global currency, bitcoin still need to study on how it will help the economy to amended and let's consider the country that slow in internet connection because we know that to used bitcoin the number thing we need a is internet.

But it already is a Global Currency, you see everyone can use it. Even though some countries ban this, they could still utilize it. I guess that's the main concept of Bitcoin, to have freedom in using it. I think economically, it will not help (for now), because we are still using Fiat in all of the transactions and we still using it to circulate and determine every exchange prices in specific countries.

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Quote from: Hazir on March 08, 2015, 07:07:36 PM

Quote from: countryfree on March 08, 2015, 06:48:24 PM

You may also note that many people may be using the US dollar without being US citizens.

That is exactly the case here. 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. While other currencies stay close and some are even more expensive than USD it dies not matter since dollars are more regarded and used all over the world. But I do not see bitcoin becoming World Currency anytime soon bitcoin revolution just begun.

I strongly agree with your opinion, I also do not think bitcoin will replace dollar even though bitcoin is popular nowadays it still have to improved and many people would be knowledgeable about it. To become global currency, bitcoin still need to study on how it will help the economy to amended and let's consider the country that slow in internet connection because we know that to used bitcoin the number thing we need a is internet.

aryana42

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Bitcoin only remain as the most successful virtual currency in world. To become global currency, bitcoin still constrained by availability of internet in some countries and there are even countries that resist bitcoin and even considered illegal.

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Quote from: benjamindees on March 28, 2014, 03:31:21 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.

This thing is much expected because of the continuous growth of the bitcoin's value. The influence of bitcoin has really emerged since it began with a high value. But there are still a lot of things to be considered so that you may earn huge amount of money with bitcoin. If bitcoin will be legalized, there is a possibility that it will really overlap other currency due to the fact that bitcoin is a global cryptocurrency. Many people will continue to appreciate bitcoin but still we don't know what may happen with it's future.

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Well bitcoin is a global currency, but it has yet to become one that is dominating the globe. For that to be accomplished, I believe that most of the developing and under-developed countries need to be modernized a bit first, to ensure stable internet, and then awareness about BTC should be raised si that people understand it's benefits and start using it.

If these steps can be effectively carried out, BTC as a currency will soon be dominating the world!

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Bitcoin is already a global currency, definition of global currencies point that out. Maybe its not regulated by governments, bitcoin can is used in whole world and by that its global. Why we discuss something
that is a fact, we all need to agree on this as a community.

Quote from: Lampaster on August 04, 2017, 11:17:21 AM

I doubt that the stores will accept bitcoin for payment. It can only afford the online stores. The dollar is recognized and legalized all over the world. The dollars are almost at each person, but you can't legally buy the products in the store for dollars. So it will be with bitcoin.

Bitcoin is becoming very expensive, and value of bitcoin is rising. Can we use gold as payment processor? No we can not, and with bitcoin will be the same, there will be specialized stores for bitcoin, or bitcoin
can find some other higher application. There are other alt-coins that can be used more widely then bitcoin, cheaper ones for the masses, crypto world is making a revolution in global economy and everything
that happen will be on global level, sooner or later.

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Quote from: Cocobrayy on August 04, 2017, 12:16:45 PM

Bitcoin has become a global currency in terms of cryptocurrency and bitcoin can also be dollar and other money for the country concerned. So bitcoin is the virtual currency available in the digital world only, bitcoin can also be used in online trading transactions and the like

Yes, I have the same opinion as you, now, Bitcoin has become a global currency on cryptocurrency. In the world of electronic money, Bitcoin has surpassed all else to occupy the first place, both in value and popularity. Bitcoin was born 10 years ago, it has been through a long time, its value is great. When it comes to electronic money, people think Bitcoin. Gradually the trend will be towards Bitcoin, it will become a common currency

Cocobrayy

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Bitcoin has become a global currency in terms of cryptocurrency and bitcoin can also be dollar and other money for the country concerned. So bitcoin is the virtual currency available in the digital world only, bitcoin can also be used in online trading transactions and the like

Dainye_dyep

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Quote from: Satterfield on March 28, 2014, 09:40:24 AM

Yes I also think that bitcoin is becoming a worldwide currency and more people are interested to know about it, how they can treat it.

I dont think so, since bitcoin is a digital currency, every people in this must have Internet connection and gadgets as well if that happened. So I think it is not a good idea that paper money will be xtiynct just think about the people who dont have and still can run with techy world.

Lampaster

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I doubt that the stores will accept bitcoin for payment. It can only afford the online stores. The dollar is recognized and legalized all over the world. The dollars are almost at each person, but you can't legally buy the products in the store for dollars. So it will be with bitcoin.

mace15

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Quote from: luka red on August 04, 2017, 01:07:14 AM

obviously, Bitcoin is getting acceptable currency around the world. recently, Bitcoin has been accepted as a payment tool in many countries. already, Japan and South Korea declared it as legal currency. not only that but also a couple of developed countries are considering to allow as a accepted currency. so it can be said that, Bitcoin will become a global currency in the future.

It can be considered global currency in the future because even in my country its not yet legalized. Unlike in other country like Japan, South Korea bitcoin has been adopted, use and legalized already by their government. But not yet in my country. So hoping soon it will and many stores will accept bitcoin as payment.

NoNetwork

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Quote from: Shamie1002 on August 03, 2017, 01:04:56 AM

Yes it is not impossible because of massive adoptation. In my country it is accepted. There is an application wallet that is exclusive to use here. And it has its own features that includes transactions like paying bills and even be a load retailer too.

Well technically speaking, it is already a Global Currency my friend. Its just that it lacks so much versatility when it comes to its usage. We are not considering it as such because not so many country are legally accepting it.

But in countries that are accepting it has exclusive ways of usage like what you've mentioned, its just one of their features that they've added, only in their country that is.

luka red

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obviously, Bitcoin is getting acceptable currency around the world. recently, Bitcoin has been accepted as a payment tool in many countries. already, Japan and South Korea declared it as legal currency. not only that but also a couple of developed countries are considering to allow as a accepted currency. so it can be said that, Bitcoin will become a global currency in the future.

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Bitcoin users already exist all over the world. All countries are also familiar with bitcoin. I think bitcoin will be a global currency that will probably replace fiat money. Although bitcoin is not yet legal but already many countries, companies or stores receive bitcoin. This signifies the advancement of bitcoin to make bitcoin a means of payment accepted by the whole world.

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