Topic: Bitcoin to be international currency - page 100. (Read 94985 times)

The investing and gambling industry in the bitcoin community is doing a good job in spreading the news in the social media or in the internet as a whole, sometimes the ponzis are very aggressive to attract people to invest on their scam sites.

I love to see that happen and also all of us here that is our main goal to see it happening that is why we are making all effort to promote bitcoins to those who have not discovered it yet.

is this all people hope?bitcoin mass adopted,become a legal and become a accepted currency in every country. of course i will think it was a great move if bitcoin to be international currency,if that happen,the next big thing might bitcoin as main payment in some countries.

You are talking on what we really wish to happen, we can only get success with massive adoption that would happen, right now it is a game for the traders and the investors.

If more people start using bitcoin, yes bitcoin can be an international currency and become popular. So people who will not use bitcoin yet, will start using bitcoin too.

LOL not that limit, he meant that bitcoins were created in a limited number and can not be mined over that certain value. I think he is right but the answer to his questions is then we can increase price per btc and hence even 1 satoshi can be considered 1 bitcoins ?

Bitcoin is already used all over the world but Im not sure it can be officially called an international currency.    

There are certain national currencies held all over the world in reserve by central banks in order to facilitate global trade, this is the modern economy that no nation exists by itself or tries to operate a colony type empire.   So we have competing currencies based on a few themes, such as Oil is a widely recognised trading background to currencies.   Some upset from USA fracking and increased oil production has changed global balance and economies globally.

Bitcoin is largely benefiting from the US dollar QE policy, it allows its citizens and those tied to USA indirectly by trade such as China to bypass some of the losses that occur from QE.   Its been a useful product or token but not yet held as currency as such I think, its more transitory


Taken from Wiki.   The missing reserve is gold but that is backing in part to some of these currencies.    The very next world currency will not be bitcoin, it will be SDR and if you have never heard of what that is and it already exists then you would look to the IMF who issue SDR.    Its possible if US dollar did pass out its proxy as world currency then the understudy to the crown is SDR not anything less official.   Once SDR fails and the IMF system fails then you can consider gold and bitcoin as maybe and perhaps much higher prices and usage would result, its a sink or swim scenario at that point and we are still well afloat a long way from that outcome

http://www.imf.org/external/np/exr/facts/sdr.htm

The best thing with bitcoin as international currency is it has a great benefit using it online and we can easily transact internationally with less service fee and very fast transaction, I am happy to know bitcoin because it bridges the gap between the rich country and the poor.

Well, I agree. I think any currency that is accepted throughout the world and has no limitations for a specific country is called international currency. Bitcoins are widely opened for international users and hence I think is a international currency.

yeah, i think so. cause bitcoin have may weakness, and need a long time to change fiat currency

I think bitcoin 1. Will never be a real currency 2. is already a currency for doing deals in digital environments.

True, in the Philippines, thanks to coins.ph, we have a way to pay our bills with bitcoin.  Loading mobile numbers offering a 5% rebates to promote and introduce BTC to non users.  There are some restaurant that accept bitcoins here too and even a Bitcoin ATM is also available for use.

I agree but let's not take it generally. There are people too who join this community because they found out that bitcoin is safe and thus make their money safe too once they convert it.

you are right about it, it depends on whether big companies will be using or not, if they will decide not to adopt to bitcoins then bitcoin will be in a huge problem as the adoption would stop

i think that bitcoin might become an international currency in the near future i think, though nearly anything might happen, i hope that bitcoin will become really big in a few years

I dont think its hard for the bitcoin to gain reputation as international money...Because the major countries like Germany has already started using BTC.....They are using BTc in the local cafes, bars and even in the governmental bodies.. So in the near future we can see the BTC as international money.. It has nothing to do with paper money...if paper money is important then why we are using credit card ?

Well, international means that government of all the countries allow and recognize bitcoins as a legal currency and allow the straightforward use of it. I think this wont happen because govt. always seek personal interest, while bitcoins is a users currency

New users will only join the community if they see higher price and opportunity to earn good profits from it, if price will go back then even existing users will prefer to switch to something else.

lI also think that way, I think people will be adopting bitcoin as they we know that the we're on era where you we need things quick and by that we want digital currency. A currency which you can use online without getting worried.

Some day it may be one of the global currency leaders. But that is if larger institutions will use it.  There is more ot it then users alone, our former enemy the banks, will need to embrace it too.

Its all about perception. It all matters what we think about bitcoin. But I believe bitcoin has a huge potential to be recognized as international currency. In the near future I think It will replace the use of credit cards and other online payment systems like paypal or western union.

Every people will use the BTC for the trading, for business and other small work. We all hope that it will be the well recognized currency which must be a first step towards international currency.