Topic: Bitcoin to be international currency - page 59. (Read 94988 times)
Nope, If you will use bitcoin in transactions you will need the basic needs of bitcoin and that is the internet and gadgets to store the bitcoin although many peoples have that but some didn't have so not all people can use bitcoin especially with the country that their internet is very expensive and very slow, So it's too far to bitcoin became the international currency.
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?
Actually, bitcoin was already an international currency. It can be use in every part of the world, even in different form of businesses whether in advertising online, private sectors company, and different merchants who's accepted bitcoin as mode of payment online are being applied almost in the entire world.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?
I think it doesn't need to be recognized like that, knowing Bitcoin enough is unique. Making it possible that to transact and give money to the person offering a service or selling merchandise, that's a good thing, and it's to be recognized by itself. It's a great invention and still at its infancy. It would skyrocket with the price.
It should be recognized this way because of it the price of bitcoin can have a chance to keep on pumping and that's why after Japan and Russia's acceptance of bitcoin the price of bitcoin starts to pump and I know bitfinex has some contribution with it too. If bitcoin will be declared as an international currency then I would love to travel if that happens.
Yes I forgot about ETF it's just a good news that it is reconsider but I don't if that is going to make the result change on May. Because it has already rejected so I think it will have the same output. But if ever it will be approved for sure the price will make it higher again and this is now going to make bitcoin well known and has a chance to be declared as international crypto.
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?
Actually, bitcoin was already an international currency. It can be use in every part of the world, even in different form of businesses whether in advertising online, private sectors company, and different merchants who's accepted bitcoin as mode of payment online are being applied almost in the entire world.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?
As far as I know, Bitcoin has gone beyond the limits of electronic money, has appeared Bitcoin coin and some countries have accepted, considered it as an official currency. I think this is perfectly good, people will be using Bitcoin officially, not afraid of legality of bitcoin, the transaction of people is also easier to facilitate. But nowadays, not all countries accept Bitcoin because some countries are still struggling with their economies, they fear that Bitcoin will change the market.
This really true but here is a matter of thing that if you can imagine that bitcoin is accepted in the whole world and suppose bitcoin Became a international currency .Then in this case you don't need to cashout it in any way because the bitcoin payment and it's value is in the wordlwide level , so why we need to convert it to cash .
Here Currently after the earn of the bitcoin we sell it for the cash or bank money because we can't use bitcoin in our local , so if the thinking by the OP Became true then we don't need to cashout for any type of Fiat of bank money .
But probably here I would like to say that in the bitcoin there is system of the cold storage that is making the users Anonymous for the money deals , so probably fee country didn't allow use bitcoin officially .
I think it doesn't need to be recognized like that, knowing Bitcoin enough is unique. Making it possible that to transact and give money to the person offering a service or selling merchandise, that's a good thing, and it's to be recognized by itself. It's a great invention and still at its infancy. It would skyrocket with the price.
It should be recognized this way because of it the price of bitcoin can have a chance to keep on pumping and that's why after Japan and Russia's acceptance of bitcoin the price of bitcoin starts to pump and I know bitfinex has some contribution with it too. If bitcoin will be declared as an international currency then I would love to travel if that happens.
Even without ETF approval we are going well. Many people and me personally predicted to have a bigger loss on Bitcoin price after the rejection, but it didn't happen... Things stayed almost stable, just a little drop at first, but recovered really fast.
I think the government interference, like when we say Bitcoin was "accepted" by a country, it's not good, as with regulamentations there will be fees and with fees we will have a lower profit.
Yes most of the userd here have predicted the same.
They thought it will be a great impact once accepted and also a great lose from denial. I think it is just a panic sell from some users which made bitcoin fall for a little while.
Then they go back, and here comes BU. Still not a successful way to make bitcoin fall.
It is international which can be seen by other countries which make different moves just to interfere with it.
Perhaps they have their own agendas which is not going to be successful unless bitcoin was taken down.
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?
Actually, bitcoin was already an international currency. It can be use in every part of the world, even in different form of businesses whether in advertising online, private sectors company, and different merchants who's accepted bitcoin as mode of payment online are being applied almost in the entire world.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?
I think it doesn't need to be recognized like that, knowing Bitcoin enough is unique. Making it possible that to transact and give money to the person offering a service or selling merchandise, that's a good thing, and it's to be recognized by itself. It's a great invention and still at its infancy. It would skyrocket with the price.
It should be recognized this way because of it the price of bitcoin can have a chance to keep on pumping and that's why after Japan and Russia's acceptance of bitcoin the price of bitcoin starts to pump and I know bitfinex has some contribution with it too. If bitcoin will be declared as an international currency then I would love to travel if that happens.
Even without ETF approval we are going well. Many people and me personally predicted to have a bigger loss on Bitcoin price after the rejection, but it didn't happen... Things stayed almost stable, just a little drop at first, but recovered really fast.
I think the government interference, like when we say Bitcoin was "accepted" by a country, it's not good, as with regulamentations there will be fees and with fees we will have a lower profit.
I think it doesn't need to be recognized like that, knowing Bitcoin enough is unique. Making it possible that to transact and give money to the person offering a service or selling merchandise, that's a good thing, and it's to be recognized by itself. It's a great invention and still at its infancy. It would skyrocket with the price.
It should be recognized this way because of it the price of bitcoin can have a chance to keep on pumping and that's why after Japan and Russia's acceptance of bitcoin the price of bitcoin starts to pump and I know bitfinex has some contribution with it too. If bitcoin will be declared as an international currency then I would love to travel if that happens.
I think it doesn't need to be recognized like that, knowing Bitcoin enough is unique. Making it possible that to transact and give money to the person offering a service or selling merchandise, that's a good thing, and it's to be recognized by itself. It's a great invention and still at its infancy. It would skyrocket with the price.
It should be recognized this way because of it the price of bitcoin can have a chance to keep on pumping and that's why after Japan and Russia's acceptance of bitcoin the price of bitcoin starts to pump and I know bitfinex has some contribution with it too. If bitcoin will be declared as an international currency then I would love to travel if that happens.
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?
Actually, bitcoin was already an international currency. It can be use in every part of the world, even in different form of businesses whether in advertising online, private sectors company, and different merchants who's accepted bitcoin as mode of payment online are being applied almost in the entire world.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 see that there are hundreds of thousands people backing bitcoin, so there will always be some people willing to buy them from you.
If for example I'm a merchant selling whatever, I could use one of the well established payment processors to automatically accept bitcoin from clients and send me my fiat directly to my bank account but the problem is in the fees they are deducting from the end amount.
One thing I could do as a bitcoin supporter would be to charge a little more like if market average price of BTC is $1320 I could demand bitcoin from buyers of my products as if the price was $1350 to compensate the fees which the payment processor has deducted and I'm certain most people would pay that much if it's more convenient for them by using bitcoin as currency.
If for example I'm a merchant selling whatever, I could use one of the well established payment processors to automatically accept bitcoin from clients and send me my fiat directly to my bank account but the problem is in the fees they are deducting from the end amount.
One thing I could do as a bitcoin supporter would be to charge a little more like if market average price of BTC is $1320 I could demand bitcoin from buyers of my products as if the price was $1350 to compensate the fees which the payment processor has deducted and I'm certain most people would pay that much if it's more convenient for them by using bitcoin as currency.
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?
Actually, bitcoin was already an international currency. It can be use in every part of the world, even in different form of businesses whether in advertising online, private sectors company, and different merchants who's accepted bitcoin as mode of payment online are being applied almost in the entire world. 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?
As far as I know, Bitcoin has gone beyond the limits of electronic money, has appeared Bitcoin coin and some countries have accepted, considered it as an official currency. I think this is perfectly good, people will be using Bitcoin officially, not afraid of legality of bitcoin, the transaction of people is also easier to facilitate. But nowadays, not all countries accept Bitcoin because some countries are still struggling with their economies, they fear that Bitcoin will change the market.
Well, Bitcoin has already gained it's ground. Though it's not a formal way but we can use it in our way. If Bitcoin will be declared as a international currency then it would be a interesting as well as fruitful for people who are engaged in Bitcoin.
Hopefully it will be a international currency very soon.
The differences while talking about the international that makes is I guess the formal form. Until and unless it is officially declared by the competent authorities we can’t term is international. Though it is used internationally but on the mutual understanding of the two parties, we can’t pressurize and compel to accept the BTC. On the other hand if we talk about dollar it is understood that both the international parties will deal in dollar. Hopefully it will be a international currency very soon.
I think it doesn't need to be recognized like that, knowing Bitcoin enough is unique. Making it possible that to transact and give money to the person offering a service or selling merchandise, that's a good thing, and it's to be recognized by itself. It's a great invention and still at its infancy. It would skyrocket with the price.
Bitcoin is an international currency because we can use bitcoin whenever we want, we just need a wallet and also an internet to open and do transactions in our wallet. I think OP, you are trying to say the bitcoin to be used in almost foreign countries and i think this is already happening also because of the adoptions from different countries.
Bitcoin has become an international currency, just not yet legalized in some countries.
If bitcoin has been authorized in some countries it may be very easy to use it anywhere without having to trade it.
If bitcoin has been authorized in some countries it may be very easy to use it anywhere without having to trade it.
I don't think the same. Legalisation is not the basis of adoption. One can still use it anywhere in the world if seller accepts it as payment. Turning it legal tendor will not dramatically change its acceptance. However, it would provide some catalyst impact to adoption though but to make it use anywhere, better way is to increase its usage which can be done through spreading awareness.
Why is it not enough? Bitcoin is already in demand among many users. And for him there are no boundaries. It can be used by all people all over the world. Formally, it has already become an international currency.
In demand by many people? Do you have some stats there? Prove it that you are not posting because of your signature campaign.
Since you are here in bitcoin world, you will thought of things like that but if you look into the globe, currently it's not been widely used. Remember that.
of people who are into crypto.
Bitcoin has become an international currency, just not yet legalized in some countries.
If bitcoin has been authorized in some countries it may be very easy to use it anywhere without having to trade it.
If bitcoin has been authorized in some countries it may be very easy to use it anywhere without having to trade it.
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