Topic: Bitcoin to be international currency - page 113. (Read 94985 times)
It already is an international currency, just not a widely adopted one. I like that I'm using the same money as someone in Africa or Antarctica. It's like silver currency.
Bitcoin has been used by the users worldwide, So I think it has already became an international currency, the only thing now we need is adoption at all levels.
Bitcoin could be an international currency if enough countries started to see it and respect it as a major currency and something worth identifying as a valuable commodity.
It could be the reserve currency if enough countries wanted the USD gone and wanted to move towards something not controlled by anyone specifically. That day, if it ever comes around, though, it's still a far ways away and we won't see any legislature or movements happening related to that for a long time.
It could be the reserve currency if enough countries wanted the USD gone and wanted to move towards something not controlled by anyone specifically. That day, if it ever comes around, though, it's still a far ways away and we won't see any legislature or movements happening related to that for a long time.
Bitcoin is used by so many different people in different countries all around the world.
Sometimes I send a friend of mine who lives in UK some bits just for fun.And he is doing the same to me.
I call this a cross border transaction. So yes I would say Bitcoin is an international money already.But it's not a currency yet and will not be for many more years.But that doesn't matter because upwards volatility is good to all of us who see Bitcoin as a store of value or a long term investment!
Sometimes I send a friend of mine who lives in UK some bits just for fun.And he is doing the same to me.
I call this a cross border transaction. So yes I would say Bitcoin is an international money already.But it's not a currency yet and will not be for many more years.But that doesn't matter because upwards volatility is good to all of us who see Bitcoin as a store of value or a long term investment!
As long as Bitcoin is super volatile it will be used more like a store of value and less like a digital currency. Also Bitcoin can't have worldwide penetration because there are communities living in remote locations with no good Internet infrastructure and no Bitcoin exchanges so it will be impossible for them to buy or sell Bitcoin and no merchants will accept that as a method of payment. Bitcoin is on the right track but still it has a long way to go before it's accepted worldwide.
The main problem is that investors will not or do not trust bitcoin as a worthy investment since they see the volatility.
Volatility tiself is not bad, but in the case of bitcoin it is caused by market manipulation which is why the majority of the investors keep away from bitcoin.
People wont invest because its volatility are you sure?Lets look at gold ,its a lot volatil as bitcoin and people keep investing trading it all days,sure bitcoin is just digital but the market wanna bitcoin,otherwise wouldnt be big miners into it,and would be worthing 6 bilions dollars at the moment.
I see bitcoin as a international currency already as there are people from several countries here earning and using bitcoin already.
If bitcoin to be international currency, what do you think?
It would be better if it's a legal international currency as it would make it easier for us to spend our coins anywhere and we could buy and sell it on forex as well.
You can use it every where and anywhere, without exchange it.
Exchanging it is an issue if there are very few buyers and it's main problem is it being dependent on fiat. I would prefer if it has its own independent identity like USD, EUR and INR. It could give a good competition to PayPal and Visa cards then.
And how to use transaction with it, if bitcoin just crypto currency?
Having physical bitcoins would make it easier for us to go and spend it in physical stores but it being just a crypto currency wouldn't mean much as now also it is just that.
It would be better if it's a legal international currency as it would make it easier for us to spend our coins anywhere and we could buy and sell it on forex as well.
You can use it every where and anywhere, without exchange it.
Exchanging it is an issue if there are very few buyers and it's main problem is it being dependent on fiat. I would prefer if it has its own independent identity like USD, EUR and INR. It could give a good competition to PayPal and Visa cards then.
And how to use transaction with it, if bitcoin just crypto currency?
Having physical bitcoins would make it easier for us to go and spend it in physical stores but it being just a crypto currency wouldn't mean much as now also it is just that.
As long as Bitcoin is super volatile it will be used more like a store of value and less like a digital currency. Also Bitcoin can't have worldwide penetration because there are communities living in remote locations with no good Internet infrastructure and no Bitcoin exchanges so it will be impossible for them to buy or sell Bitcoin and no merchants will accept that as a method of payment. Bitcoin is on the right track but still it has a long way to go before it's accepted worldwide.
The main problem is that investors will not or do not trust bitcoin as a worthy investment since they see the volatility.
Volatility tiself is not bad, but in the case of bitcoin it is caused by market manipulation which is why the majority of the investors keep away from bitcoin.
As long as Bitcoin is super volatile it will be used more like a store of value and less like a digital currency. Also Bitcoin can't have worldwide penetration because there are communities living in remote locations with no good Internet infrastructure and no Bitcoin exchanges so it will be impossible for them to buy or sell Bitcoin and no merchants will accept that as a method of payment. Bitcoin is on the right track but still it has a long way to go before it's accepted worldwide.
It is already a international currency as majority of people across the globe are using it, the only thing we need is that it should hit the mainstream to get more popular in future.
Actually we are already in digital world everything is going to be digital and analogue is going to be disappeared, so we can say that , bitcoin is one kind of digital international currency and world wide spared it as international currency.We need to explain it to others who still doesn't know about bitcoin just explain them and we can be able to make world first currency is Bitcoin.
What is up with your question bro?
As far as I know, Bitcoin is already an international currency for each and every country on this planet
As far as I know, Bitcoin is already an international currency for each and every country on this planet
Exactly said, from its existence bitcoin is getting circulated as a international currency because of the usage over most of the world countries as a earning, investment and currency.
What is up with your question bro?
As far as I know, Bitcoin is already an international currency for each and every country on this planet
yeah bitcoin has become an international currency. almost every country has bitcoin users even though the number of users is still small. but it looks very impressive. bitcoin is used by many of the world population.As far as I know, Bitcoin is already an international currency for each and every country on this planet
you can use bitcoin in any country
I like it to happen, so we can have an honest and transparent transactions especially on the government side. As taxpayers sometimes we are got given the public information to keep track on how our taxes are being spent by the government.
I think bitcoin has become an international currency, but bitcoin not really legalized by each country. bitcoin only become an alternative currency.
I hope in the future of bitcoin really become the currency that is accepted around the world
I hope in the future of bitcoin really become the currency that is accepted around the world
oh, I'm sorry bro. I wasn't aware of that.
I apologize.
I apologize.
What is up with your question bro?
As far as I know, Bitcoin is already an international currency for each and every country on this planet
sorry bro if your life in country so you don't how i life in a little village. There is verry difficult to know about bitcoin As far as I know, Bitcoin is already an international currency for each and every country on this planet
In many countries people didn't even here a word - bitcoin, so bitcoin is very far to become an internatioinal currency, it's already reach a goal - the best crypto currency and it's okay. But i don't really think that's it will move far in 2 years for sure.
But, making people aware of bitcoin would be a just a week time of work. Technologists are always faster than fire to spread out.
15 years back no one knows about mobile phone around the World except some developed countries. But, now even in undeveloped countries' village a man also using 4G mobile phone.
In my view bitcoin will spreadout more faster than mobile technology after a kick start.
A kick start = higher bitcoin price.
If bitcoin to be international currency, what do you think?
You can use it every where and anywhere, without exchange it.
And how to use transaction with it, if bitcoin just crypto currency?
How many people like with this thread?
You can use it every where and anywhere, without exchange it.
And how to use transaction with it, if bitcoin just crypto currency?
How many people like with this thread?
bitcoin is already a international currency you dont need to exchange it for a specific
currency to be used, but bitcoin has a very limited usage considering that it is not that
popular among the stores world wide but you can still use it in some who is accepting
bitcoin.
What is up with your question bro?
As far as I know, Bitcoin is already an international currency for each and every country on this planet
As far as I know, Bitcoin is already an international currency for each and every country on this planet
In many countries people didn't even here a word - bitcoin, so bitcoin is very far to become an internatioinal currency, it's already reach a goal - the best crypto currency and it's okay. But i don't really think that's it will move far in 2 years for sure.
Bitcoin has a slow acceptance among the government of the world since they cant control it. It will be popular among us and to the masses because of its security,flexibility and many features.Hope oneday more and more state will accept this currency.
In many countries people didn't even here a word - bitcoin, so bitcoin is very far to become an internatioinal currency, it's already reach a goal - the best crypto currency and it's okay. But i don't really think that's it will move far in 2 years for sure.
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