Bitcoin is Becoming a Global Currency - page 44.

Xavofat

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Did you see that ludicrous display last night?

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).

alexsamudra

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

marcuslong

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Quote from: Kasabus on May 24, 2017, 10:14:45 PM

Quote from: Sled on May 24, 2017, 09:32:00 PM

Quote from: marcuslong on May 24, 2017, 12:31:56 PM

Quote from: lighpulsar07 on May 24, 2017, 12:28:44 PM

no not yet bitcoin has to do a lot of things to be a global currency although bitcoin is indeed becoming popular in some countries but the problem is bitcoin just can't handle 250k- 350k transactions per day what if the transactions per day will increase because of the popularity?. we need a solution if we want bitcoin can be a global currency.

That is correct also they increasing every transaction fee to get funds and upgrade there system to make things normal again when we are going to try make an transaction it will gonna be back to normal real soon. But for me bitcoin is already a global currency because we can send it anywhere from the world and use anywhere as pocket money the problem on other countries is they trying to block this coins thinking it is black currency or only seen from dark net.

They are not increasing the fees because of the upgrade on their system. They are increasing the fee because of the miners, the miners are only capable in confirming transaction so we don't have any rights to be against to the increasing fee but to just to that. Soon the fees will increase again if there will be a lot of stuck transaction and also few miners.

That's probably gonna happen and I think at this moment that btc price is surging its good to start mining, when there
are more miners fees could be competiti
ve and there will be faster transaction.

If anyone can still get bitcoin from mining then probably they will make start happening they will just coat them 2000$ for a miner and for the electricity bill many people would have interest on this currency if this price will not change for long. Blockchain are becoming slow it cant handle too much transaction made every minutes or seconds

anami57

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Yes, bitcoin has potential to become a global currency, because no government controls price and circulation bitcoin. Bitcoin price formation's pure trading. Bitcoin makes world don't have curtains.

boumalo

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Bitcoin's price movements are big, it is a very speculative asset. Bitcoin needs to have the price fluctuations not affecting trades, if you sell and the result is a big enough portion of your net worth, you usually don't want to risk losing part of it in a short amount of time.

Xester

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Quote from: naniutik on May 29, 2017, 11:39:54 PM

As should be obvious now in bitcoin, it is straightforwardly turned into a worldwide cash in various nation. Why did I said that things? It is on the grounds that in Japan Bitcoin was lawfully announced as cash in a few spots of their nation, on the off chance that I am not mixed up, and now China is the following holding up wanting to make bitcoin to their nation to wind up plainly a lawful money as well.

Bitcoin is the first country to have declared to adopt bitcoins though actually Switzerland has been accepting bitcoins since the previous years. Australia will be accepting bitcoins next year and soon other countries will be following the footsteps of other countries. Africa, India, Indonesia, Philippines and many other countries are now studying the merits of bitcoin and are planning on creating regulations and policies before they will adopt it.

ariie

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Do not be surprised if bitcoin becomes global currency

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Quote from: kayeme on May 30, 2017, 01:14:48 AM

Bitcoin in its current form is not a currency, its an asset. A worldwide asset sure but its not useable for the majority of transactions a currency is normally used for. Until scaling solutions are implemented that will always be the case despite its growing popularity.

That's a more accurate definition but there are people who are calling it as currency, regardless of what we think it is still money
since it has value and we can spend our bitcoins just like money can do.

chineseprancing

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Quote from: zeze18 on May 18, 2017, 11:29:12 AM

Quote from: Janation on May 18, 2017, 11:07:18 AM

Quote from: chineseprancing on May 18, 2017, 10:06:43 AM

Wow, I think it is a good idea, using this currency you can easily travel to other countries. Also level of money to each country will become fair, due to equal value of currencies.

Using fiat can also be used to easily travel to other countries, so I think even not using bitcoin, it is still fine. And with the transactions that bitcoin has now, I think it is really not good using in a payment. But I dont get how the level of each country currnecy will be fair, we have different values for each currencies, and I think it will vary to every country.

Yes of course with different currency of each country will be different exchange rate obtained from bitcoin transactions.
But this certainly does not complicate the transaction bitcoin wherever we are

That is good to heard, I'am very happy if the bitcoin will become global currency. Because by the help of this currencies there's a lot of opportunity will be open in the future. Also using bitcoin even the poorest country now had a capacity to level on the other riches country. All in the world will become equal. Are you agree to this speculation?

kayeme

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Bitcoin in its current form is not a currency, its an asset. A worldwide asset sure but its not useable for the majority of transactions a currency is normally used for. Until scaling solutions are implemented that will always be the case despite its growing popularity.

mutiarabaswedan

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Each new thing sets aside opportunity to change and make put in our general public. Bitcoins has been there for more than eight years now and i feel in the following five years we should see bitcoins wherever around us. The Dollar and Euro are losing worth and Bitcoin will soon be the following worldwide cash far and wide.

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Quote from: anneiS_02 on May 29, 2017, 11:49:39 PM

Quote from: naniutik on May 29, 2017, 11:39:54 PM

As should be obvious now in bitcoin, it is straightforwardly turned into a worldwide cash in various nation. Why did I said that things? It is on the grounds that in Japan Bitcoin was lawfully announced as cash in a few spots of their nation, on the off chance that I am not mixed up, and now China is the following holding up wanting to make bitcoin to their nation to wind up plainly a lawful money as well.

It is still not certain that bitcoin will become a worldwide cash. All we just know is bitcoin will be accepted by many countries and in the future, it will be more known and popular.

Bitcoin were popular especially for businessmen and investors,it is also used bu common people to help in their financial needs but there are more developments to ensure until it become global currency.

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Quote from: naniutik on May 29, 2017, 11:39:54 PM

As should be obvious now in bitcoin, it is straightforwardly turned into a worldwide cash in various nation. Why did I said that things? It is on the grounds that in Japan Bitcoin was lawfully announced as cash in a few spots of their nation, on the off chance that I am not mixed up, and now China is the following holding up wanting to make bitcoin to their nation to wind up plainly a lawful money as well.

It is still not certain that bitcoin will become a worldwide cash. All we just know is bitcoin will be accepted by many countries and in the future, it will be more known and popular.

naniutik

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As should be obvious now in bitcoin, it is straightforwardly turned into a worldwide cash in various nation. Why did I said that things? It is on the grounds that in Japan Bitcoin was lawfully announced as cash in a few spots of their nation, on the off chance that I am not mixed up, and now China is the following holding up wanting to make bitcoin to their nation to wind up plainly a lawful money as well.

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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.

digez

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indeed, now in 2017 this is even more apparent now, bitcoin is actually taking the form of the international boarder-less country. there are exchanges right now for every single part of the world from Africa to South America and Australia, meaning BTC is not just US/EU based like it used to be. Even China and Eastern Asia have been the spine of BTC now.

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Quote from: Lalafell on May 29, 2017, 05:18:11 AM

Quote from: ipungadhi on May 28, 2017, 09:17:15 PM

Quote from: JemmaColin on May 28, 2017, 05:05:22 PM

Quote from: ecnalubma on May 28, 2017, 03:13:47 PM

Considerably it is there's no other currency or monetary can outrank bitcoin in terms sending and recieving money in the fastest way. Including low fees and controlled transactions that banks hardly can't offer.

I can not imagine how Bitcoin can be a global currency. Reality bitcoin is the currency for a narrow circle of people who deal with crypto-currencies and this community have very narrow scope

For now bitcoin has only a small community. But know that bitcoin is growing and growing? Users keep coming. And hope to make bitcoin global currency continue to exist?

I think that bitcoin is already an global currency because bitcoin is available in every country as long as they have internet connection. Furthermore, few countries are now adopting bitcoin such as japan and soon every country will legalize it also in their country.

yes that s true that computer and internet are now the basic components of every country, even the backward countries have the facilities of using internet, even their people have good access to internet. therefore to me i think there are very little chance internet will ever down. it will continue for ever and therefore bitcoin will also survive for ever.

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Quote from: Lalafell on May 29, 2017, 05:18:11 AM

Quote from: ipungadhi on May 28, 2017, 09:17:15 PM

Quote from: JemmaColin on May 28, 2017, 05:05:22 PM

Quote from: ecnalubma on May 28, 2017, 03:13:47 PM

Considerably it is there's no other currency or monetary can outrank bitcoin in terms sending and recieving money in the fastest way. Including low fees and controlled transactions that banks hardly can't offer.

I can not imagine how Bitcoin can be a global currency. Reality bitcoin is the currency for a narrow circle of people who deal with crypto-currencies and this community have very narrow scope

For now bitcoin has only a small community. But know that bitcoin is growing and growing? Users keep coming. And hope to make bitcoin global currency continue to exist?

I think that bitcoin is already an global currency because bitcoin is available in every country as long as they have internet connection. Furthermore, few countries are now adopting bitcoin such as japan and soon every country will legalize it also in their country.

To contradict regarding bitcoin becoming a global currency, it's not yet happening in the whole world. But if we have this dream of getting more profitable investments coming from digital currency; then it's a reasonable idea to make it as global currency now. I don't think it will become more popular if those innocent about digital currency will not try to learn better knowledge on this currency, because most of those who hear about this had a resistance of learning.

kpcian

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Since, day by day bitcoin is becoming a popular form of investment and trading, also getting a credible position of monetary system so we can predict as so....
From my point of view, bitcoin will be a global currency if it terms and conditions maintain strictly. Though its user is limited, but for the time being it will cover a massive amount of people in the future.

camelson

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Quote from: JemmaColin on May 28, 2017, 05:05:22 PM

Quote from: ecnalubma on May 28, 2017, 03:13:47 PM

Considerably it is there's no other currency or monetary can outrank bitcoin in terms sending and recieving money in the fastest way. Including low fees and controlled transactions that banks hardly can't offer.

I can not imagine how Bitcoin can be a global currency. Reality bitcoin is the currency for a narrow circle of people who deal with crypto-currencies and this community have very narrow scope

How can you say bitcoin has a narrow scope. Bitcoin can be used any where in the world and can be exchanged to any currency which make bitcoin a global currency. Also bitcoin users increases with every passing day and in every part of the world. Demand of bitcoin is also very high.

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