Topic: Bitcoin to be used as world currency? - page 10. (Read 1033 times)
I also believe bitcoin will replace our current cash money and convert it to the digital currency. Bitcoin is a leading one in this situation. There will be crypto currency era and I believe we no longer use traditional moneys in th near future.
I do not agree with this view. Bitcoin or any coin can never be a common currency.
With crypto money we can pay in many places in the future. But it is very difficult to be a common currency.
Bitcoin's value 8k. It's impossible at these prices.
We live in a digitizing world. Crypto money is digital money in the digital world.
With crypto money we can pay in many places in the future. But it is very difficult to be a common currency.
Bitcoin's value 8k. It's impossible at these prices.
We live in a digitizing world. Crypto money is digital money in the digital world.
Bitcoin is a world currency already, its used all over the word by everyone interested in using it, the more people gain interest in it the more it grows, at some point, there will be no stopping BTC
For me i want bitcoib to be the world currency some of the people in the world know the name bitcoin. But they dont know how it works. Bitcoin can transfer using blockchain and you can send money with low fee and in the safe transaction.
For a long time, now the political elite and the leaders of the Vatican have been looking for a world government and currency,
I do believe that bitcoin is a part of financial future and great way to become an investor, but I have doubts that it can possibly replace traditional money or become world currency.
What are the possibilities and stopovers??
I too agree with all of your statements that bitcoin is an asset a resource that people could reserve as a saving for future generations , I have read many success stories of many bitcoin millionaires clearly indicating that bitcoin has very great potential to be very great and has reduced poverty to a very great extent and moreover few countries has also legalised bitcoin for transactions purposes and I strongly believe that in future bitcoin will grow as a central currency world wide and even could replace the paper currency in future. I do believe that bitcoin is a part of financial future and great way to become an investor, but I have doubts that it can possibly replace traditional money or become world currency.
What are the possibilities and stopovers??
Yes Bitcoin will not be the world's major currency. There are several reasons for that and the limited volatility and number of coins are some of them. This can still be considered as a world currency because it can be used anywhere in a world where people have internet connections and are accepted by many countries. The government will not allow crypto currency because they can not control it. to replace their own national currency unless there is an economic collapse.
No doubt, bitcoins has got good potential as a currency as some countries are even planning to launch their own crypto. I doubt that the leaders of different countries will allow bitcoins to be a common currency as this will make them weaker.
To some extent we can say Bitcoin is already a world currency now because people all over the world can buy/sell/invest Bitcoin freely.
But if Bitcoin to be used as world currency like USD, I think it is still too early. The progress of decentralization will resist by the power of centralization(government). This is political issue.
But if Bitcoin to be used as world currency like USD, I think it is still too early. The progress of decentralization will resist by the power of centralization(government). This is political issue.
it is true the possibility of bitcoin to replace the world is difficult. because they are governed by the government. even if being a traditional money for bitcoin, I do not think it will happen. but if investing and defeating gold it can happen
bitcoin will indeed continue to be something big and will continue to grow for the future
and bitcoin will not replace traditional money but will complement each other
A good opinion and I agree with your opinion.and bitcoin will not replace traditional money but will complement each other
It is true that bitcoin is difficult to replace traditional money but bitcoin complement each other between the same bitisoin tradisoinal money.
if old traditional money users distract the bitcoin then it is likely that bitcoin can replace it but both still complement each other in the end.
I doubt it will ever be used as a common currency all over the world. Countries having stronger currencies will never let that happen.
Bitcoin won't be the world currency but the most powerful coin in the world. The value wouldn't stop to increase and decrease if no one can manipulate. There should have some alts that will be the currency in the future. I think there are projects out there that the purpose is to engage to be the world currency in specific uses.
I agree. Bitcoin have a great future as currency but i dont think that it will be use as world currency, traditional money is hard to replace.
Bitcoin is already a world currency in which it is a currency itself that can be used for different physical currency such as usd or euros but ut doesnt mean that it is already a viable currency to use it is volatile and decentralised not an ideal way to use for the economic market.
Majority of the countries won't accept it and if it gains acceptance too, it will get termed similar to the banking system with assurance for the investors making it centralized. When things get turned to be centralized users won't benefit anymore, all the earnings will be made by the government and the corporates.
The leaders from different countries, especially developed ones will not want this to happen as they become weak due to this. However, it can still be used worldwide for big transactions.
This is the best proposal for me, bitcoin to be used as world currency means unity, one currency means an excellent community. I am hoping that this might be happen, this would be a great opportunity for all but they must learn every aspect of it and endorse so that it will be a lot easy to others how to work or use bitcoin. Bitcoin will be our currency and I am very happy if this will happen, but we have a lot to do to make it, so support and educate others about bitcoin.
I also believe that BTC will world no. one currency. But it should a long run to go. When the price of BTC will stable and the volatility will be less then general people will use it without any hesitation. But I am pretty confident it will be a number one currency of the world.
If bitcoin will become a world currency, that thing would be quite impossible since not all countries are agreeing with the existence and the way that bitcoin works in their countries. And if bitcoin will be used as a world currency, people who are working with bitcoin may not be able to gain profit from it. And think about the underdeveloped countries, they might have a hard time in accessing bitcoin so that'll be a disadvantage for their daily lives, so it is impossible for bitcoin to be a world currency.
Bitcoin still has a deficiency in price volatility. fluctuating bitcoin prices can be a frightening specter for the owner. I think bitcoin is still not worth it to be the official currency.
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