Bitcoin is Becoming a Global Currency - page 43.

kpcian

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Quote from: MMA on June 01, 2017, 09:37:15 AM

Quote from: FanatMonet on May 30, 2017, 11:10:14 PM

Bitcoin can not become a world currency, as long as there are countries where the Internet is still used a little, a countries where there are interruptions of electricity. Cash in most countries is a priority, if you do not have Internet access, then you can not use BTC

internet has now become one of the most important part of our life, there may not be a single country, even in backward countries where internet connection may be be available. therefore i am pretty sure that very soon bitcoin will become a global currency, which is already present in all over the world. i do not think that the bitcoin users may not be available in a single country.

Well said...
I think internet will be spread out all the world in the future, then bitcoin also be available for everywhere. I also think that, bitcoin already spread out all over the world but all people still not familiar with it. But day by day it's getting popular and familiar among the people. So that day is not so far, when bitcoin will become a global currency.

MMA

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Quote from: FanatMonet on May 30, 2017, 11:10:14 PM

Bitcoin can not become a world currency, as long as there are countries where the Internet is still used a little, a countries where there are interruptions of electricity. Cash in most countries is a priority, if you do not have Internet access, then you can not use BTC

internet has now become one of the most important part of our life, there may not be a single country, even in backward countries where internet connection may be be available. therefore i am pretty sure that very soon bitcoin will become a global currency, which is already present in all over the world. i do not think that the bitcoin users may not be available in a single country.

TrumpD

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Yeah, much appreciated than in the early days, even more than when this thread was started. I think adoption is still in its toddler years, and there is a lot of scope for growth.

romero121

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Quote from: JofryTheKing on May 31, 2017, 03:38:19 PM

Quote from: shadelockme on May 31, 2017, 10:14:20 AM

it's really true that bitcoin is turning into a Global Currency, and bitcoin are currently beginning to be mainstream and known by many individuals. Furthermore, some individual are truly regarding bitcoin as a Global Currency since they trust that bitcoin can do a wonder such as this. i think bitcoin is as of now a Global Currency on the grounds that the client of bitcoin are accessible wherever on the planet, in this manner we can clrealy say that bitcoin is an all inclusive cash, trust that the clients of bitcoin will build increasingly in future.

Very much is being talked about this but I'm very weak I believe that Bitcoin will be a global currency and will be able to replace, for example, such currency as the dollar. But I very much hope that Bitcoin will be, as it is now, a very good investment project in the future.

Bitcoin will grow gradually and reach higher acceptance similar to the fiat currency that's used around the world. Already it's been used as the global currency due to the conversion accessibility. This becomes a secondary option for the users who expect financial freedom.

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Quote from: tabas on May 29, 2017, 05:10:05 PM

Quote from: EdenHazard on May 29, 2017, 02:19:06 AM

Quote from: tabas on May 28, 2017, 06:15:12 PM

Quote from: yakushev on May 28, 2017, 11:39:56 AM

Due to the legalization of bitcoin in Japan, its popularity has grown significantly. Many countries began to trust bikkoin more. It happened quickly and now we see new high prices of bitcoins.

And we are now near to see bitcoin being used by almost everybody. But there's no need to say that bitcoin is becoming a global currency. It is destined to be like that and we are already enjoying the perks of using bitcoin. Even we are ordering some products offshore, we can pay with the use of bitcoin and ship it to us.

not only japan , at the same time russia reported legalizes bitcoin as currency too.

and it is just make the cryptocurrency market went crazy in the last three weeks , going up and down so fast leading to people curiousity and it is also make the demands keep increasing day by day. and of course more merchants available to accept bitcoin around the world.

That's a good news, I heard rumors that there are now people that started to love and adopt bitcoin. And also with the current bitcoin price leader is the South Korea, they are having the highest rate to the pricing of bitcoin. And if I'm correct, there will be an upcoming adoption that is about to happen in Australia this coming July.

actually we don't need every country to legalize bitcoin officially to make bitcoin as a global currency , once a lot of people actively spend bitcoin in daily basis and all of them detected from different places/different country i think it is enough to consider bitcoin has become a global currency.

but yes an official announcement made by government to recognize bitcoin as currency are an important step too.

JofryTheKing

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Quote from: shadelockme on May 31, 2017, 10:14:20 AM

it's really true that bitcoin is turning into a Global Currency, and bitcoin are currently beginning to be mainstream and known by many individuals. Furthermore, some individual are truly regarding bitcoin as a Global Currency since they trust that bitcoin can do a wonder such as this. i think bitcoin is as of now a Global Currency on the grounds that the client of bitcoin are accessible wherever on the planet, in this manner we can clrealy say that bitcoin is an all inclusive cash, trust that the clients of bitcoin will build increasingly in future.

Very much is being talked about this but I'm very weak I believe that Bitcoin will be a global currency and will be able to replace, for example, such currency as the dollar. But I very much hope that Bitcoin will be, as it is now, a very good investment project in the future.

farharhadi

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It will indeed happen to this world let us take over.

shadelockme

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it's really true that bitcoin is turning into a Global Currency, and bitcoin are currently beginning to be mainstream and known by many individuals. Furthermore, some individual are truly regarding bitcoin as a Global Currency since they trust that bitcoin can do a wonder such as this. i think bitcoin is as of now a Global Currency on the grounds that the client of bitcoin are accessible wherever on the planet, in this manner we can clrealy say that bitcoin is an all inclusive cash, trust that the clients of bitcoin will build increasingly in future.

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Quote from: illaslli on May 30, 2017, 10:13:06 PM

Global asset not currency. Currency implies its actually being used across the world for transactions. That may be true for some things but in general its not.

Currencies don't have to have an unlimited supply. It can be both a speculative asset and a currency at the same time.

gogoors

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There is no nation on the planet starting at yet, that formally acknowledges bitcoin. There are reasons why governments wouldn't need bitcoins, chiefly in light of the fact that it would make it simpler for their nationals to maintain a strategic distance from duties. However, maybe, for bitcoin to wind up to end up noticeably a worldwide money, all it truly needs is an ever increasing number of individuals utilizing it. Bitcoin is really restricted in numerous nations, similar to China. One reason that it's troublesome for bitcoin to wind up noticeably a worldwide cash is that it isn't sponsored by anything. Different monetary forms are supported by gold or different wares, while bitcoin is just upheld by the trust put into it by its clients

Sir Paijoe

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I think it still needs a lot of study, it is because the transaction is bitcoin fee the greater and confirm the slower so it makes us have to reset it. I think other coin is better than bitcoin.

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Indeed not only local bitcoins but there many more sites offering these exchanges. The price value is very demanding and higher than us dollar. China India and some Asian countries enjoy this on the primary basis as they have higher valuation in terms of USD dollar. This leads to amazing profit window for these countries. Also many more currency are there which are having even double the value of USD. These guys should take lot of profits from such trading platforms.

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Quote from: asriloni on May 30, 2017, 11:15:22 PM

Quote from: illaslli on May 30, 2017, 10:13:06 PM

Global asset not currency. Currency implies its actually being used across the world for transactions. That may be true for some things but in general its not.

Bitcoin as micropayment method and it's related to the payment method and currency. Bitcoin can't be determined as global asset but it will better to call it as commodity for us. Bitcoin is not asset like gold btw.

I disagree I think its exactly like gold except that its being adopted faster than its supply is increasing. I wouldn't call it a commodity cause it isn't used in any production, its exactly like gold where you buy and hold it. In fact even gold used to be used for a limited number of high value transactions in the past.

We should call it a digital gold rather than label it as asset, currency or commodity I think.

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Quote from: illaslli on May 30, 2017, 10:13:06 PM

Global asset not currency. Currency implies its actually being used across the world for transactions. That may be true for some things but in general its not.

Bitcoin as micropayment method and it's related to the payment method and currency. Bitcoin can't be determined as global asset but it will better to call it as commodity for us. Bitcoin is not asset like gold btw.

FanatMonet

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Bitcoin can not become a world currency, as long as there are countries where the Internet is still used a little, a countries where there are interruptions of electricity. Cash in most countries is a priority, if you do not have Internet access, then you can not use BTC

Viscore

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Quote from: alexsamudra on May 30, 2017, 02:25:08 PM

Why bitcoin is a global currency because bitcoin is becoming known all over the world

Maybe not the majority of population but we are increasing and that's what matters at all.
Now people are aware of the crypto and they started to invest to prepare for their future, if you read the headlines
you can tell bitcoin has a lot of potential to succeed more.

illaslli

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Global asset not currency. Currency implies its actually being used across the world for transactions. That may be true for some things but in general its not.

goldcoinminer

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Quote from: Palodar on May 30, 2017, 07:03:48 PM

Quote from: Xavofat on May 30, 2017, 04:25:39 PM

Quote from: alexsamudra on May 30, 2017, 02:25:08 PM

Why bitcoin is a global currency because bitcoin is becoming known all over the world

It was always a "global currency". It doesn't matter how many people actually accept it

The adoption of Bitcoin is still in the extremely early stages. In the adoption curve, we're definitely in the innovator phase.

But that doesn't stop it being a global currency in that, in theory, it can be spent to anywhere in the world, instantly (minus confirmations).

As long as it can be used anywhere and every nation accepts it we can consider it as a global currency.

I agree with that, massive adoption will happen in the future to come and we should not worry enough of the price
volatility as it is normal. Japan is one of the biggest users of bitcoin, we should expect more countries will adopt.

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Quote from: Palodar on May 30, 2017, 07:03:48 PM

Quote from: Xavofat on May 30, 2017, 04:25:39 PM

Quote from: alexsamudra on May 30, 2017, 02:25:08 PM

Why bitcoin is a global currency because bitcoin is becoming known all over the world

It was always a "global currency". It doesn't matter how many people actually accept it

The adoption of Bitcoin is still in the extremely early stages. In the adoption curve, we're definitely in the innovator phase.

But that doesn't stop it being a global currency in that, in theory, it can be spent to anywhere in the world, instantly (minus confirmations).

As long as it can be used anywhere and every nation accepts it we can consider it as a global currency.

Yes, it is all about the availability of the currency if bitcoin is available in almost all the country or accessible in any part of the world then it is already global currency and the only enemy of bitcoin for that is about the restrictions of the government because some of the government doesn't allow bitcoin or totally banned it so it is one of the illusion that makes bitcoin not global currency.

Palodar

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Quote from: Xavofat on May 30, 2017, 04:25:39 PM

Quote from: alexsamudra on May 30, 2017, 02:25:08 PM

Why bitcoin is a global currency because bitcoin is becoming known all over the world

It was always a "global currency". It doesn't matter how many people actually accept it

The adoption of Bitcoin is still in the extremely early stages. In the adoption curve, we're definitely in the innovator phase.

But that doesn't stop it being a global currency in that, in theory, it can be spent to anywhere in the world, instantly (minus confirmations).

As long as it can be used anywhere and every nation accepts it we can consider it as a global currency.

Topic: Bitcoin is Becoming a Global Currency - page 43. (Read 226367 times)