Bitcoin is Becoming a Global Currency - page 89.

chaser15

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Quote from: PacePay on September 20, 2016, 06:26:35 PM

Quote from: chaser15 on September 20, 2016, 12:50:36 PM

Quote from: Finestream on September 19, 2016, 11:21:44 PM

Quote from: Fatanut on September 19, 2016, 10:51:04 PM

One of the primary reasons why Bitcoin has the ability to become very very popular that it'll eventually become scarce. Bitcoin can be used anywhere in the world, thus, it's a currency that can conquer the world of currencies. Right now, dollar seem to be the most universal fiat. But if you're going to pay a Philippine Peso in a country like Vietnam, they wouldn't recognize that money. Bitcoin, on the other hand, no matter where you are, it can be recognized.

Very well said dude, bitcoin has a great potential to be the most popular online currency in the future as anywhere it can be accepted if people will adopt on it, however the only problem I can see is on the actions of the government towards bitcoin, they are aware already of bitcoin and its popularity nowadays, if they will not support it, we will be having a problem promoting this to the majority of the people.

Bitcoin will be the most popular currency online since in the first place, bitcoin was made purely on online transactions.

Fiat will take care most the physical transaction and bitcoin will dominates the online transactions of sending and receiving money.

and we are seeing that every person with their business is going to shift to online world now everyone prefer digital system of business so the use of fiat will remain much lower and bitcoin will have dominance over all other currencies. In the coming future we will see that even governments will approve bitcoin for their financial affairs and will support that currency as this currency is a worldwide currency which have no any single nation owner.

Well Im not sure of that. There are lots online transactions now but still today, fiats dominates the online transaction since banks are upgrading continously. Here in my country, bank services are really great and transferring money to other person with the same bank account is just a seconds away.

But one thing for sure, even without dominance, bitcoin is good option in terms of online transacting.

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Quote from: madwica on September 20, 2016, 11:51:50 PM

Quote from: Athenasian on September 20, 2016, 10:17:28 PM

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.

madwica

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Quote from: Athenasian on September 20, 2016, 10:17:28 PM

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.

Athenasian

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It could be possible but not eventually. There would be many things to consider for it to become a global currency.

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Quote from: dhampir-D on September 20, 2016, 08:39:46 PM

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.

That's right, I believe bitcoin is the future of currency because of the benefits we can get that other currency is not offering, bitcoin is unique as it is decentralized and it can be considered as investment as well, I hope we will continue to support bitcoin so we can witness its continued success.

dhampir-D

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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.

PacePay

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Quote from: chaser15 on September 20, 2016, 12:50:36 PM

Quote from: Finestream on September 19, 2016, 11:21:44 PM

Quote from: Fatanut on September 19, 2016, 10:51:04 PM

One of the primary reasons why Bitcoin has the ability to become very very popular that it'll eventually become scarce. Bitcoin can be used anywhere in the world, thus, it's a currency that can conquer the world of currencies. Right now, dollar seem to be the most universal fiat. But if you're going to pay a Philippine Peso in a country like Vietnam, they wouldn't recognize that money. Bitcoin, on the other hand, no matter where you are, it can be recognized.

Very well said dude, bitcoin has a great potential to be the most popular online currency in the future as anywhere it can be accepted if people will adopt on it, however the only problem I can see is on the actions of the government towards bitcoin, they are aware already of bitcoin and its popularity nowadays, if they will not support it, we will be having a problem promoting this to the majority of the people.

Bitcoin will be the most popular currency online since in the first place, bitcoin was made purely on online transactions.

Fiat will take care most the physical transaction and bitcoin will dominates the online transactions of sending and receiving money.

and we are seeing that every person with their business is going to shift to online world now everyone prefer digital system of business so the use of fiat will remain much lower and bitcoin will have dominance over all other currencies. In the coming future we will see that even governments will approve bitcoin for their financial affairs and will support that currency as this currency is a worldwide currency which have no any single nation owner.

John Constantine

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I think it already is. Anyone around the world can use it. But many people still don't know the real potential of the currency and possible applications for it.

picolo

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Quote from: Fatanut on September 19, 2016, 10:51:04 PM

One of the primary reasons why Bitcoin has the ability to become very very popular that it'll eventually become scarce. Bitcoin can be used anywhere in the world, thus, it's a currency that can conquer the world of currencies. Right now, dollar seem to be the most universal fiat. But if you're going to pay a Philippine Peso in a country like Vietnam, they wouldn't recognize that money. Bitcoin, on the other hand, no matter where you are, it can be recognized.

Bitcoin can be divided at will though.

Bitcoin is a great honest currency.

chaser15

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Quote from: Finestream on September 19, 2016, 11:21:44 PM

Quote from: Fatanut on September 19, 2016, 10:51:04 PM

One of the primary reasons why Bitcoin has the ability to become very very popular that it'll eventually become scarce. Bitcoin can be used anywhere in the world, thus, it's a currency that can conquer the world of currencies. Right now, dollar seem to be the most universal fiat. But if you're going to pay a Philippine Peso in a country like Vietnam, they wouldn't recognize that money. Bitcoin, on the other hand, no matter where you are, it can be recognized.

Very well said dude, bitcoin has a great potential to be the most popular online currency in the future as anywhere it can be accepted if people will adopt on it, however the only problem I can see is on the actions of the government towards bitcoin, they are aware already of bitcoin and its popularity nowadays, if they will not support it, we will be having a problem promoting this to the majority of the people.

Bitcoin will be the most popular currency online since in the first place, bitcoin was made purely on online transactions.

Fiat will take care most the physical transaction and bitcoin will dominates the online transactions of sending and receiving money.

simpler2016

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Quote from: Finestream on September 19, 2016, 11:21:44 PM

Quote from: Fatanut on September 19, 2016, 10:51:04 PM

One of the primary reasons why Bitcoin has the ability to become very very popular that it'll eventually become scarce. Bitcoin can be used anywhere in the world, thus, it's a currency that can conquer the world of currencies. Right now, dollar seem to be the most universal fiat. But if you're going to pay a Philippine Peso in a country like Vietnam, they wouldn't recognize that money. Bitcoin, on the other hand, no matter where you are, it can be recognized.

Very well said dude, bitcoin has a great potential to be the most popular online currency in the future as anywhere it can be accepted if people will adopt on it, however the only problem I can see is on the actions of the government towards bitcoin, they are aware already of bitcoin and its popularity nowadays, if they will not support it, we will be having a problem promoting this to the majority of the people.

I agree with the fact that the government should maintain bitkoints. But beware of the fact that the government will take full control of bitkoints. Here then is the end.

Finestream

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Quote from: Fatanut on September 19, 2016, 10:51:04 PM

One of the primary reasons why Bitcoin has the ability to become very very popular that it'll eventually become scarce. Bitcoin can be used anywhere in the world, thus, it's a currency that can conquer the world of currencies. Right now, dollar seem to be the most universal fiat. But if you're going to pay a Philippine Peso in a country like Vietnam, they wouldn't recognize that money. Bitcoin, on the other hand, no matter where you are, it can be recognized.

Very well said dude, bitcoin has a great potential to be the most popular online currency in the future as anywhere it can be accepted if people will adopt on it, however the only problem I can see is on the actions of the government towards bitcoin, they are aware already of bitcoin and its popularity nowadays, if they will not support it, we will be having a problem promoting this to the majority of the people.

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Quote from: techfm86 on September 19, 2016, 09:55:30 PM

Yes bitcoin became very big globally accepted currency. It will eventually be used even in illegal position in some countries . When it sees socially acceptance from basic users like young adults, it will be even bigger...

of course but unfortunately bitcoin is not yet approve and accepted by government so people still use for selling and buying bitcoin but with our own risk. if the government approved with bitcoin, i think bitcoin will be more bigger than before because bitcoin will reach million people than now and become a global currency like OP said.

Darwin02

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Quote from: Fatanut on September 19, 2016, 10:51:04 PM

One of the primary reasons why Bitcoin has the ability to become very very popular that it'll eventually become scarce. Bitcoin can be used anywhere in the world, thus, it's a currency that can conquer the world of currencies. Right now, dollar seem to be the most universal fiat. But if you're going to pay a Philippine Peso in a country like Vietnam, they wouldn't recognize that money. Bitcoin, on the other hand, no matter where you are, it can be recognized.

Agree if you are a professional and want to work with people whos in other country its easy now to hired in paid that person without going to any where and no hassle ,thats why bitcoins really help and going to be international currency.

Fatanut

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One of the primary reasons why Bitcoin has the ability to become very very popular that it'll eventually become scarce. Bitcoin can be used anywhere in the world, thus, it's a currency that can conquer the world of currencies. Right now, dollar seem to be the most universal fiat. But if you're going to pay a Philippine Peso in a country like Vietnam, they wouldn't recognize that money. Bitcoin, on the other hand, no matter where you are, it can be recognized.

techfm86

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Yes bitcoin became very big globally accepted currency. It will eventually be used even in illegal position in some countries . When it sees socially acceptance from basic users like young adults, it will be even bigger...

stadus

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Quote from: kim.apps on September 19, 2016, 08:13:02 PM

It can be considered already an international currency, because it was made for everybody to use and can be used anywhere in the world . I believe what the currency needs, at the time, is more adoption to give it some positive traction..

There is no double it will be more successful in the future and more people will experience the benefits of using bitcoins, we have already a good economy this year as we have seen how the price have react on the substantial increase, this is the beginning of the continues success of bitcoin so we should not let this opportunity slip away.

kim.apps

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It can be considered already an international currency, because it was made for everybody to use and can be used anywhere in the world . I believe what the currency needs, at the time, is more adoption to give it some positive traction..

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Quote from: 1Referee on September 18, 2016, 04:26:57 PM

Quote from: bitdumper on September 18, 2016, 12:52:22 PM

bitcoin is growing slowly but it is growing mostly on the important parts of every country because only imteligent people use bitcoin and stupid peoples do not even use internet so they are basically nothing just a clowns

I agree on the part where smart people indeed use Bitcoin as they know and are able to understand the power of using and holding Bitcoin. But people without internet either can't afford it as they are living in third world countries, or they make the choice to not use internet. But that doesn't mean these people are stupid.

actually using bitcoin doesn't mean you're smart either,if they use bitcoin but still wasting money for anything useless then how can we call they smart,
smart or stupid is relative,and can't be calculated,judging people and consider they're stupid because of not using bitcoin is so subjective

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Quote from: BitcoinPaw on September 13, 2016, 05:38:37 PM

Till it's not accepted somewhere, bitcoin is golobal currency only in people minds, but honestly bitcoin is still young for it.

I think thats right dude for most bitcoin users themselves. bitcoin has become a global currency? because in use by many people in different countries? but in fact you can see for yourself bitcoin bitcoin is still too young and still not popular and was not accepted everywhere?

Topic: Bitcoin is Becoming a Global Currency - page 89. (Read 226473 times)