Topic: Bitcoin to be international currency - page 8. (Read 94961 times)
Its decentralized nature would help it reach this goal. After all, bitcoin is supposed to be the official currency of the internet before it was adapted as a mode of investment. I could say that this vision is quite achievable supposing bitcoin rids of its high volatility rate which makes its value highly unstable with the price fluctuations it brings about. After we solve the high volatility rate issue then we could focus on turning bitcoim into an international currency.
All users hope that bitcoin can become an international currency, but the biggest obstacle is now starting to show, the number of negative news about bitcoin makes bitcoin keeps fading and this makes many people panic and choose cut loss then leave.
Each country has special cash, in each country.
The cash is to be used as a means of payment within the country only if we are outside the country we can not use our cash as a means of payment in other countries, we must exchange this cash first in accordance with the state money we want to use for the payment of goods and services or another.
As this is the use of cash, and the difference of cripto money is not so far away with cash only cripto money is a digital currency that can be called as a virtual currency.
Same if you want to use this cripto money we must first change money cripto this new cash currency we can use.
So cripto money can not be said as international money.
The cash is to be used as a means of payment within the country only if we are outside the country we can not use our cash as a means of payment in other countries, we must exchange this cash first in accordance with the state money we want to use for the payment of goods and services or another.
As this is the use of cash, and the difference of cripto money is not so far away with cash only cripto money is a digital currency that can be called as a virtual currency.
Same if you want to use this cripto money we must first change money cripto this new cash currency we can use.
So cripto money can not be said as international money.
Well, yes there are not ATM that accept bitcoins or shopping mall when you can pay with bitcoins for things you wish to buy. But, bitcoin is exist on the net, so if you have some amount on your internet wallet you can easily withdraw necessary sum on your card and pay by this money wherever you wish. Simple.
You are actually wrong, maybe in your country bitcoin is not yet popular but AFAIK, in Japan it's widely accepted so that means bitcoin is really useful and it can be considered as international currency since it can be accepted in different countries
expect in China maybe because they did complete ban on crypto.
I would like bitcoin to be international currency but it seems to be impossible, one more minus is that bitcoin has not cash so it would be comlicated to use it in rural places. But I see some places are becoming "Mecca" for holders, Japan for instance known for adopting bitcoin, test of gasoline retail service accepting BTC is the last new I have heard from there
Bitcoin can be international currency but it will not happen as of now because the cryptocurrencies are still getting doubts from the people because they think that the cryptocurrencies are useless because they are volatile and they are dumping. In the future, once the people realizes the power of the blockchain technology then it will become the way for the cryptocurrencies just like bitcoin to become international currency and become fully legalized crypto. 
Everybody hopes so, if this happens it will certainly increase the volume of trade globally, because the factor that makes people do not like to buy from other countries' online sites is the problem of exchange rates.
I would like bitcoin to be international currency but it seems to be impossible, one more minus is that bitcoin has not cash so it would be comlicated to use it in rural places. But I see some places are becoming "Mecca" for holders, Japan for instance known for adopting bitcoin, test of gasoline retail service accepting BTC is the last new I have heard from there
i think is never bitcoin can real curency and can use in the world without exchange
until now bitcoin still not ready physic coin
and only several country is ready regulated bitcoin
majority country all the world still not yet regulated bitcoin
until now bitcoin still not ready physic coin
and only several country is ready regulated bitcoin
majority country all the world still not yet regulated bitcoin
Well, yes there are not ATM that accept bitcoins or shopping mall when you can pay with bitcoins for things you wish to buy. But, bitcoin is exist on the net, so if you have some amount on your internet wallet you can easily withdraw necessary sum on your card and pay by this money wherever you wish. Simple.
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?
its already happening now in different country like any kind of exchanger in other country,i think in the future other country that dont have information about bitcoin will be like a big problem because of the transaction and to use this in easy way to exchange in other country in terms of moneyYou 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?
yes most of the population does not know yet but we can send a number of things between countries so it just takes a little time to get certification and recognition. I believe that bitcoin has reached the status of 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?
Bitcoin is already an international currency. Because it has got access over all the countries and it has got the same value in every country.At present we need to exchange Bitcoin for fiat if we want to use the local currency of the country where we are located in, but I hope in the future Bitcoin will become like a legitimate second currency to fiat and all the prices in offline shops will be listed with both the fiat and Bitcoin values. 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?
:)There's demand for bitcoin as a form of money to make transactions. But as part of a currency portfolio, cryptocurrencies are "more consistent with a classic speculative bubble," the strategists said. They noted that Korea and Japan dominate bitcoin exchange volumes, but are also countries with stable monetary systems. That's because the key functions of money that bitcoin can serve are already well handled across much of the developed world. Many countries had stable currencies and inflation rates before bitcoin came along. The dollar is the standard for international trade, and for foreign-exchange reserves. Investors wanting to diversify their portfolios could use precious metals like gold. Bitcoin already known and used worldwide. Sure the number of people who use bitcoin is still not as big as we wanted to but it is not small neither. It would be an awesome thing if you could go anywhere and buy all goods and services with bitcoin exchanging. Bitcoins can be used without the need to exchange currency for the state. Bitcoin is already an international currency, and is already being used to pay for goods and services. I think many of those who are familiar with Bitcoin is like. Especially lovers of travel.
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?
In my own opinion, bitcoin is already a national crypto currency because you can use, transfer or get bitcoin everywhere and anywhere as long as you have an internet connection and a device that you will use to gain access with bitcoin and other crypto currencies. 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?
What happens today can be said is international currency, this is because bitcoin users come from various countries, only the issue of official recognition of the country that we have not yet got.
I don't really understand what the discussion is about. Bitcoin is an international currency. You can pay it all over the world. Even where there is no internet, we can use a printed paper wallet.
Btc has become an international currency.But according to my view,the Btc hasn't spread everywhere in the world and it's not used also.However,in many places bill payments and transactions are being done.I hope Btc will spread all over the world for a short time,only then Btc to be international currency.
Bitcoin is not to be, but it is already an international digital curenccy. Many people are using bitcoin all around the world. We can exchange bitcoin trough remittance centers, paying bills, buying foods and more. Bitcoin is more capabilities than fiat money. You can use bitcoin anytime anywhere, because it is decentralized.
Bitcoin is an International crypto currency but not currency alone as bitcoin is a good crypto and many people admire its capability and the earnings and profit that can be gather on having bitcoin still it cannot be an international currency as bitcoin weaknesses are in line, transfer rate and transfer fees are big issue.
Yes it is an international currency already. It is borderless and it does not change in its form when transferred to another place. Unlike the real currency as you mean in this post that needs to be exchange with other types of local currency anywhere in the world as it is transferred in. And for this same reason people really liked it.
Jump to: