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Topic: Bitcoin is Becoming a Global Currency - page 88. (Read 226367 times)

hero member
Activity: 910
Merit: 507
September 23, 2016, 02:26:44 AM
Bitcoin is becoming more  popular everyday. More people are getting  to now what Bitcoin is. I would say that,  as a result of this, Bitcoin is  becoming a global currency.
Yeah many users of bitcoin now and the popularity is increasing and many big investor are invest in bitcoin so no one can stop that bitcoin become popular in all country and maybe is becoming global currency.
member
Activity: 70
Merit: 10
September 22, 2016, 11:11:03 PM
Bitcoin is becoming more  popular everyday. More people are getting  to now what Bitcoin is. I would say that,  as a result of this, Bitcoin is  becoming a global currency.
legendary
Activity: 1372
Merit: 1008
September 22, 2016, 06:48:46 PM
Bitcoin is born to become a global currency, Internet now known as global village, should have a global currency as well. Bitcoin has the potential to replace the US Dollar on internet, and honestly, it has already started to do that.
Online I think there's more room to grow,however I agree that it's very spread online and maybe prevails the cash,there need to be more retailers accepting BTC really   Wink
agree I think the internet or online is a place for all countries to come together. so I think when bitcoin become more famous and thrive even become mainstream on the internet I'm sure there are many people around the world who use bitcoin. so I think bitcoin was born to become a global currency it was just about time dude
legendary
Activity: 1526
Merit: 1001
September 22, 2016, 06:17:27 PM
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.

Bitcoin is not bad and the bitcoin popularity is keeping increasing day by day because people know the power of bitcoin and know where and how to use it, recently we can see in exchanges that there is not only "Usd/Btc" but also in other currencies meaning that bitcoin is being used worldwide.
hero member
Activity: 518
Merit: 500
September 22, 2016, 02:21:40 PM
It will be global currency but in online in the future., if more adoption will come in bitcoin it can be happen for now we can not say that because we are just few users who uses bitcoins.. and few stores are can accept bitcoin .. so its a long journey to seen that bitcoin will be global currency..
now everything can be done online and bitcoin appear at the right time but still lacking interest of people as too much bad news about bitcoin from the media.
legendary
Activity: 2030
Merit: 1030
Privacy is always important
September 22, 2016, 01:56:01 PM
It will be global currency but in online in the future., if more adoption will come in bitcoin it can be happen for now we can not say that because we are just few users who uses bitcoins.. and few stores are can accept bitcoin .. so its a long journey to seen that bitcoin will be global currency..
legendary
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
September 22, 2016, 01:38:40 PM


It has the potential, but will governments and vested interests allow it to do so?
We have already seen many governments banning the use of cryptocurrencies.

They will allow it as long as local bitcoin exchangers stationed in the said country will pay the tax. How is it possible? The local exchange site will have it's own modified exchange rate of btc to usd (but seems close to the current exchange rate).

Local exchange here in our country is just like that. Their bitcoin to usd exchange rate is at least around $5 lower but the services they offered is really a big help for the people here.
legendary
Activity: 1288
Merit: 1036
September 22, 2016, 01:34:35 PM
Bitcoin has a very good features and advancement of technology will make it more powerful. Only thing is the stability of some sort will help it to be become global currency in coming time.

Other than the inherited advantages, the real power will come into bitcoin system only when more people will be adopting it. Until then expecting bitcoin to become a global currency is meaningless, we need to promote bitcoin heavily to reach the very big achievement of becoming global currency.
hero member
Activity: 1218
Merit: 557
September 22, 2016, 01:30:57 PM
Bitcoin has a very good features and advancement of technology will make it more powerful. Only thing is the stability of some sort will help it to be become global currency in coming time.
legendary
Activity: 1274
Merit: 1000
September 22, 2016, 12:55:09 PM
Bitcoin is born to become a global currency, Internet now known as global village, should have a global currency as well. Bitcoin has the potential to replace the US Dollar on internet, and honestly, it has already started to do that.
Online I think there's more room to grow,however I agree that it's very spread online and maybe prevails the cash,there need to be more retailers accepting BTC really   Wink
legendary
Activity: 1232
Merit: 1000
September 22, 2016, 11:14:16 AM
Bitcoin is born to become a global currency, Internet now known as global village, should have a global currency as well. Bitcoin has the potential to replace the US Dollar on internet, and honestly, it has already started to do that.

It has the potential, but will governments and vested interests allow it to do so?
We have already seen many governments banning the use of cryptocurrencies.
sr. member
Activity: 378
Merit: 251
A Trader & An Investor
September 22, 2016, 11:11:02 AM
Bitcoin is still capturing the market. People are starting to understand about the problems and issues of the Monetary policies and the ruthless printing of money without anything to back it up. This will get unfolded in the coming years and everyone will start looking for alternative sources to store wealth. Bitcoin has already been considered as an alternative investment. It's not adopted completely yet, but it will.

The Global meltdown in 2008 should have inspired satoshi nakomoto to start something innovative like bitcoin. Another global recession and we can see a big user growth for bitcoin. I am not happy with global recession like any normal person, but the authorities have screwed up and now like it or not we all have pay a price.
hero member
Activity: 713
Merit: 501
September 22, 2016, 10:55:53 AM
That's basically one of the privileges that you get by using Bitcoin. You don't have to worry about the location of the sender of your payment. Even if he's in the Atlantic ocean as long as there's an Internet connection, he'll be able to send you your money. Bitcoin is accepted everywhere and can be converted into almost all currencies in the world in preev.com. Bitcoin is, indeed, a global currency.
legendary
Activity: 1862
Merit: 1505
September 22, 2016, 10:52:22 AM
Bitcoin is born to become a global currency, Internet now known as global village, should have a global currency as well. Bitcoin has the potential to replace the US Dollar on internet, and honestly, it has already started to do that.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
September 22, 2016, 05:15:17 AM
My answer  would be that's true. Bitcoin has become  a global currency, in Australia for  example, btc will save  for people hundreds of billions of dollars  per year, due to transactions fees.
I was quite amazed by bitcoin user growth in Asia and Australia, there may be some communities there so bitcoin bitcoin can develop quite rapidly there, I hope bitcoin will continue to spread throughout the world, not only in Australia, but all over the country
Well, we need more time to witness that, actually we are going their and the future is bright for bitcoin, just continue to support bitcoin and we will be able to reach the promise land. It has already become a global currency for me since the world is already aware and using bitcoin.
hero member
Activity: 490
Merit: 500
September 22, 2016, 04:46:49 AM
My answer  would be that's true. Bitcoin has become  a global currency, in Australia for  example, btc will save  for people hundreds of billions of dollars  per year, due to transactions fees.
I was quite amazed by bitcoin user growth in Asia and Australia, there may be some communities there so bitcoin bitcoin can develop quite rapidly there, I hope bitcoin will continue to spread throughout the world, not only in Australia, but all over the country
sr. member
Activity: 364
Merit: 250
September 22, 2016, 04:02:28 AM
Technically bitcoin has always been a global currency but just not globally used as much as we would prefer ofcourse.
But this can change and it should change. Once people realise it's better than fiat then everybody will use and accept it causing it to explode.
sr. member
Activity: 336
Merit: 250
September 22, 2016, 03:42:51 AM
It could be possible but not eventually.  There would be many things to consider for it to become a global currency.
Bitcoin now is able to used in an international currency but it can not spend it in offline method because there is not real coin as this moment, but i think bitcoin now is global currency which can be use it in online method.

First, Bitcoin needs to establish itself as a "currency". Right now only 2 or 3 countries recognize Bitcoin as a form of currency. The usage is also quite low, and daily transaction volumes amount to less than $10 million USD. Compare this to the forex volumes of hundreds of billions of USD for the major world currencies such as the US Dollar and UK Pound.
Bitcoin still need to be more famous, in order to become a global currency,  for now its still too little user know bitcoin and using bitcoin as transaction, and bitcoin still need to develop to upgrade the transaction speed, so it's still a long way to become global currency
Exactly,there are just not enough people using BTC right now and it has to change in order for BTC ro reach such a level.I really hope this happens as I want to pay with BTC Cheesy

Yes it will become famous.  The news that I read here on thread stated that New York judge ruled out that bitcoin is a legal currency.  So it will speed up its popularity on people who do not and have little knowledge on bitcoin.  Plus, it will gain curiosity to people who are afraid on using bitcoin as currency.  They will start on investing on it, maybe.  There is really a good time for everything. 
legendary
Activity: 1274
Merit: 1000
September 22, 2016, 03:31:54 AM
It could be possible but not eventually.  There would be many things to consider for it to become a global currency.
Bitcoin now is able to used in an international currency but it can not spend it in offline method because there is not real coin as this moment, but i think bitcoin now is global currency which can be use it in online method.

First, Bitcoin needs to establish itself as a "currency". Right now only 2 or 3 countries recognize Bitcoin as a form of currency. The usage is also quite low, and daily transaction volumes amount to less than $10 million USD. Compare this to the forex volumes of hundreds of billions of USD for the major world currencies such as the US Dollar and UK Pound.
Bitcoin still need to be more famous, in order to become a global currency,  for now its still too little user know bitcoin and using bitcoin as transaction, and bitcoin still need to develop to upgrade the transaction speed, so it's still a long way to become global currency
Exactly,there are just not enough people using BTC right now and it has to change in order for BTC ro reach such a level.I really hope this happens as I want to pay with BTC Cheesy
hero member
Activity: 1274
Merit: 516
September 22, 2016, 03:03:46 AM
It could be possible but not eventually.  There would be many things to consider for it to become a global currency.
Bitcoin now is able to used in an international currency but it can not spend it in offline method because there is not real coin as this moment, but i think bitcoin now is global currency which can be use it in online method.

First, Bitcoin needs to establish itself as a "currency". Right now only 2 or 3 countries recognize Bitcoin as a form of currency. The usage is also quite low, and daily transaction volumes amount to less than $10 million USD. Compare this to the forex volumes of hundreds of billions of USD for the major world currencies such as the US Dollar and UK Pound.
Bitcoin still need to be more famous, in order to become a global currency,  for now its still too little user know bitcoin and using bitcoin as transaction, and bitcoin still need to develop to upgrade the transaction speed, so it's still a long way to become global currency
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