Bitcoin is Becoming a Global Currency - page 49.

wahb

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Quote from: carlisle1 on May 12, 2017, 02:35:17 PM

Quote from: NEWGOODOUBLE on May 11, 2017, 09:14:36 AM

Quote from: UCHCHILD on May 09, 2017, 09:45:27 PM

Yes, but for sure things will be different if we have a very crowded volume of users, like government will try to take charge of it because people are going into bitcoin.
Things are good in bitcoin now so I hope when it become global currency it will remain the same as what we have now.

May be even better for the future of bitcoin, if the government is willing to legalize bitcoin. Not just as an international currency. But bitcoin may be used as the primary currency

after being legalized and accepted in japan as a new payment method I hope it will affect the popularity of bitcoin that it can lead bitcoin the international currency i think it is enough because even if bitcoin did not become a primary currency I think we can still use in various transactions just like how we our primary or local currency .

in fact we can see the effect right now. as we can see that the price of bitcoin is trading above 1800 USD level and that is really a very high value in present time. it is really all because of the Japan accepting bitcoin and giving it as a legal status. i am hopeful that the government will also become pressurize by the increasing number of bitcoin users, because the number of bitcoin users are increasing continuously.

batang_bitcoin

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Quote from: Urban Crypto on May 16, 2017, 11:55:14 PM

I guess the question is what you mean by global currency? If you mean to replace currencies in general, that is doubtful. If you mean adoption by users in the global market that seems plausible.

There's no need to replace the currencies, because bitcoin can be a good alternative payment method. And the fact that we are doing it already, we can see that bitcoin is already a global currency for us who are using bitcoin. We are near to the cashless society and transactions will be processed automatically.

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Quote from: joganuts on May 16, 2017, 11:49:52 PM

Quote from: Karmakid on May 16, 2017, 10:55:26 PM

It already does sir,bitcoins is now available on any places in the world that have access in bitcoins besides those countries that totally banned bitcoin,but all country and places with internet they can use bitcoins so bitcoin is now a global currency

That's the concept of bitcoin. As long you have an internet connection although it's banned in your county, you cab still access it through vpn. Hopefully, they unbanned bitcoin in their market and it's not possoble since it's already legal in many countries.

Pretty unsure on when it would be happen since many countries see's that bitcoin is illegal money so we cannot tell on when the unlift the banned from it. But as of now i see some people who came from banned countries who still uses bitcoin's maybe they are great for hiding it since they accumulate more money from it eventhough theirs government restriction from them

Urban Crypto

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I guess the question is what you mean by global currency? If you mean to replace currencies in general, that is doubtful. If you mean adoption by users in the global market that seems plausible.

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Quote from: Karmakid on May 16, 2017, 10:55:26 PM

It already does sir,bitcoins is now available on any places in the world that have access in bitcoins besides those countries that totally banned bitcoin,but all country and places with internet they can use bitcoins so bitcoin is now a global currency

That's the concept of bitcoin. As long you have an internet connection although it's banned in your county, you cab still access it through vpn. Hopefully, they unbanned bitcoin in their market and it's not possoble since it's already legal in many countries.

Karmakid

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It already does sir,bitcoins is now available on any places in the world that have access in bitcoins besides those countries that totally banned bitcoin,but all country and places with internet they can use bitcoins so bitcoin is now a global currency

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Quote from: Russlenat on May 16, 2017, 08:18:25 PM

for me bitcoin is now already a digital currency globally in fact here in Philippines it is already used in some private investor to accept payment using bitcoin and now some of our bank here are accepting bitcoin payments or trade.

Really dude? What particular bank, that is a great progress if that is true, Philippines is not a big country in Asia like China and Japan but with the fast progress in the county it would give some impact to other small countries in the neighbors, good thing your government is very supportive.

theunbeatable

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I could either watch it happen or be a part of it

In the past years, bitcoins community has been struggling to survive. Yup. The potential of Bitcoin to take over the monetary system of the world is there but the acceptability of it to people and government and banks is another story. Cryptocurrencies are being popular not only in these community but to people and many are asking what really is cryptocurrencies. Since BTC came form the underground of the internet some are afraid that it must be illegal and a threat to humanity.
Nowadays, because of bitcoins potential some banks decided to be open on it's regulation. Many sites are open in cryptocurrencies exchanges, online games and online stores are accepting it as a payment. Maybe still not legally accepted we can't deny the fact that Bitcoin is becoming the people's money. A global currency that being accepted slowly.

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Quote from: mundang on May 16, 2017, 08:25:36 PM

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.

Your prediction came true after 2 years when you posted this thread. Japan already accepted bitcoin as one of the payment option in almost all the stores in japan. Well see whos the next on the line that will accept bitcoin in thier country just like japan.

Could you please post a link regarding Japan accepting bitcoin, i knew they have started to lead the way but didn't know they had gone so far that you could pay with bitcoin in almost all stores.
How do the store accept payments, do customers have to wait for at least 1 confirmation before leaving with the goods?

mundang

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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.

Your prediction came true after 2 years when you posted this thread. Japan already accepted bitcoin as one of the payment option in almost all the stores in japan. Well see whos the next on the line that will accept bitcoin in thier country just like japan.

Russlenat

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for me bitcoin is now already a digital currency globally in fact here in Philippines it is already used in some private investor to accept payment using bitcoin and now some of our bank here are accepting bitcoin payments or trade.

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Quote from: specgamer on March 08, 2015, 03:27:30 PM

Certainly, bitcoin is becoming a world wide currency, and will grow bigger in the future. Half of the places I go now, all except bitcoin. Wink

I guess that's a good thing for us investors. BTC

Bitcoin actually so far is already a global currency. Because, there are some countries now who accepted bitcoin as their legal currency like in Japan, now China is next, then in Africa there are planning to accept it too, also in Israel, then in Australia and Europe so it is considered as international global currency.

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Quote from: Comeatmebro111 on May 11, 2017, 09:00:48 PM

I would already consider bitcoin as a global currency as people from all over the globe accept it as a method of payment and acknowledge that it is valuable.

Sorry to burst your bubbles as this is a false generalization. And you committed a fallacy of hasty generalization with that assertion. Bitcoin is not yet that popular beyond the first and second world countries. The third world countries are still trying to grasp with what it really is let alone accepting it.

Quote from: Tyrantt on May 12, 2017, 11:45:03 AM

Just because it's available worldwide that doesn't make it a global currency, maybe if you look at it in the way that everyone is able using it. Otherwise, I won't be considering it a global currency until it is officially accepted as one.

Exactly! That's my point...

carlisle1

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Quote from: NEWGOODOUBLE on May 11, 2017, 09:14:36 AM

Quote from: UCHCHILD on May 09, 2017, 09:45:27 PM

Yes, but for sure things will be different if we have a very crowded volume of users, like government will try to take charge of it because people are going into bitcoin.
Things are good in bitcoin now so I hope when it become global currency it will remain the same as what we have now.

May be even better for the future of bitcoin, if the government is willing to legalize bitcoin. Not just as an international currency. But bitcoin may be used as the primary currency

after being legalized and accepted in japan as a new payment method I hope it will affect the popularity of bitcoin that it can lead bitcoin the international currency i think it is enough because even if bitcoin did not become a primary currency I think we can still use in various transactions just like how we our primary or local currency .

bitgolden

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Quote from: btcdiggingmaster on May 09, 2017, 05:02:46 AM

Quote from: Immakillya on May 09, 2017, 01:36:31 AM

In america, bitcoin is commodity there not currency as far as i know. But i agree, bitcoin can be a global currency because you can use it as payment. You can buy things with bitcoin. The bad thing is, its not accepted globally and only few markets are accepting bitcoin. Hope to see bitcoin is accepted worldwide.

Things will work according to the situation we move in this world, yes only a few markets are accepting bitcoin but at least within limited period of time those markets at least implement bitcoin as a payment method. To become a global currency it will take lot time because it is completely related to the government so we have to wait until it is acceptable around the world.

I really am not picking the word global currency. If you mean by it that the global currency stands for the currency through which different countries trade like the dollar then I think it can never be the one because the dollar is a very stable currency the value and the price is not everything that makes the world trade each other but also the security.

Tyrantt

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Just because it's available worldwide that doesn't make it a global currency, maybe if you look at it in the way that everyone is able using it. Otherwise, I won't be considering it a global currency until it is officially accepted as one.

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Quote from: gabmen on May 11, 2017, 05:37:14 AM

Quote from: sunsilk on May 11, 2017, 05:20:25 AM

I don't have an idea about that guy and do you have link on that case pal? I'm interested to read and know everything about his case.

I knew that there's a case on coinbase did that before but right now, still I'm not worried about this thing.

I don't want to be frustrated on thinking this sort of things.

well there may probably have been a report about security there. bitcoin wallets put a lot of emphasis on their security and I think its still for the user's safety that sometimes accounts are investigated and blocked. though I think this case is quite rare and doesn't really happen that often

The company or wallet provider has the rights to block and investigate their users account but they should it with justification.

Because with this type of news or problems, it can affect the adoption of bitcoin.

And for those aspiring new comers, when they heard or read this type of bad news, they will doubt bitcoin.

It will delay bitcoin to become a global currency.

micher143

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Bitcoin was already an global currency in terms of digital currency. Bitcoin is accessible around the world as long as we have internet connection. However, I can't say that in every country that bitcoin is legalize in their area because many of them aren't accept bitcoin. Bitcoin can be used anytime and anywhere, you can even use it as mode of payment as long as the local shop is accepting bitcoin as payment.

Mvaporis1961

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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.

Yes, surely it is. Different nations and different races been using it and we can say that Bitcoin is indeed a global currency at its finest. Let's hope that Bitcoin would grow more and be known for to everyone else around the world.

Comeatmebro111

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I would already consider bitcoin as a global currency as people from all over the globe accept it as a method of payment and acknowledge that it is valuable.

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