Bitcoin to be used as world currency? - page 4.

janaiz

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Quote from: rddsd7 on May 14, 2018, 07:17:42 AM

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??

Bitcoin is the world’s first decentralized currency now an accepted form of payment in dozens of countries around the world. As more countries begin to adopt this innovative technology, it’s clear that Bitcoin has the potential to become the new global currency not tied to a specific country or central bank.

balamuda

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Quote from: rddsd7 on May 14, 2018, 07:17:42 AM

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??

The possibility in the future bitcoin will be one of the global currencies, but I think bitcoin can not make traditional money lost, traditional money will remain in use in local scope and bitcoin for global transactions.

Magkirap

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Quote from: Xester on May 14, 2018, 07:25:19 AM

I do agree that bitcoin cannot replace the fiat currency. The government will not allow any currency that they cannot control to replace their own national currency except if there is economic collapse. But if you notice countries are now making their own cryptocurrency such as Sweden, they are the first country that have launched the first ever government owned cryptocurrency. Soon other countries will follow their footsteps and eventually will be used by people. But even though bitcoin will not replace traditional money but it will be still used worldwide.

I also agree to that opinion, we all know that fiat is the our currency and I think it will still remain our future currency in the future. But I think there is a possibility that bitcoin will become our future currency as long all government allow it and recognized it as currency. Lastly, I think bitcoin will also become our future currency but it will not replace our traditional money.

Rustandy

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I predict if a decade ahead, bitcoin currencies will replace all world currencies. I am sure if bitcoin will eventually overcome all kinds of financial transaction barriers adopted globally so far. Although today, the use of bitcoin is still plagued by volatility or price that is easy to rise and fall, mainly due to banning ads on multiple platforms and refusals in some countries. The ease of transaction and availability of use also poses a major challenge to cryptocurrency or virtual currency. I estimate that after bitcoin becomes a currency that can make transactions simpler, then service providers and products begin to accept it, then eventually this cyptocurrency is likely to become more stable.

usamamalik555

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In far future,I hope cryptocurrency can be usable as world currency, but I have a feeling that goverment will find a way how to control it. What about bitcoin it has a limited amount of coins,so propably each country just will make its own cryptocurrency,but it wont be so independent.

Dondisimo

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Yes, the author of the topic is right, in 5-10 years bitcoin has all the chances to become the leading world currency. But on this way there will still be many different manipulative obstacles.

Sandus_Cryptolover

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Been the standard by which all Cryprocurrencies are measured with, then there's a high probability that some day in the nearest future, Bitcoin might be used as an alternative to our fiat currencies.

Quote from: rddsd7 on May 14, 2018, 07:17:42 AM

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??

Yatsan

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Quote from: fileo on May 15, 2018, 07:23:40 PM

I know it is easy to search at google site but can you provide some evidences or links for more sites to get and it will be more reliable. Vatican is influential place. Big impact of Roman Catholic religion. People there love their church leader. One day if they will make a first step with the relation of religion it is not hard to convince the people about the one world leader and should have one world currency.

On its own, bitcoin could really notnimprove and be able to become a cryptocurrency suitable for all types of transactions, be it micro or macro. However, blockchain technology has bitcoin's back, and has since been the one to support and improve bitcoin with updates that would prove beneficial later on. So yes, bitcoin could still be a world currency with the help of blockchain technology.

kimochidesh

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Your doubts are completely true that Bitcoin cannot replace fiat currencies. I am quite sure about this. Bitcoin has not yet reached a stage that it can act as prime currency. There are so many loopholes that need to be fixed. It has to be regulated and some standards need to establish against which Bitcoin will be compared. I don’t think so government will provide such support.

Tytanowy Janusz

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Quote from: BlossomSp on May 18, 2018, 10:25:20 AM

I do not think it could be used as a world currency, because its value fluctuates frequently. I hope it is still a high value currency and is a long-term investment and a great profit for everyone.

Why do you think bitcoin is fluctuating that much? Beacuse its very small market. Imagine this numbers:

30% of bitcoins are lost (wrong adress during transfers, lost keys etc)
part of them are on cold wallets - long term investors or peapole that are using it (yea it can be usefull). In japan you can go shoping with only bitcoin wallet.

So lets say 50% of them are making price on market - 8 000 000.

Now let see how much money you need to came to this market and put bitcoin price to 20 000$ form 8 000$ in one day

20 000 * 8 000 000 = 160 bil - there are people with this amount money - single person can set price to 20 000 $ tomorrow. (160 bil is maxiumim (he will buy all bitcoins on market). If price will skyrocked lots of outsider will jump in and i think than less then 10 bil will be spend to this jump)

Now imagine how this numbers changes when mass adoption comes in. Bitcoin slowly go to 1 mil - 5 mil $ in next 10 years. Istitutional investors jump into market. It wont move that easyli anymore . It will need amount of money that noone is possible to spend to move price 1-5% (like other currencies on forex)

the only explenation of bitcoin fluctuating that much is size of market.

BlossomSp

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I do not think it could be used as a world currency, because its value fluctuates frequently. I hope it is still a high value currency and is a long-term investment and a great profit for everyone.

unsianofarhan

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for the possibility is still very small because the value of bitcoin is still not stable, so more precisely for now used as an investment asset but one day the possibility to become the world's currency can also be.
essentially for now you investlah in bitcoin because one day will be useful

websing

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Bitcoin that is not affiliated with a country in my opinion is very likely to be used as world currency for trading. Without any affiliation the influence of a country's circumstances to the value of Bitcoin would be minimal, so Bitcoin would be more stable in its exchange rate.

chara78

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I do not think it will probably be used as a world currency, because of the rising and fluctuating value of Bitcoin, the beginning of the goal of creating Bitcoin as a digital currency. But it does not rule out that in the future Bitcoin could be used as a coneventional currency.

Duogembrot

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bitcoins are made into world currencies and used for all countries to pay for anything they want it seems very unlikely because I think bitcoin has a very limited supply of possibilities most likely bitcoin will be in play price.

Demughni

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Quote from: rddsd7 on May 14, 2018, 07:17:42 AM

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??

Bitcoin to be used as world currency, I think it is possible. Maybe in the future when the bitcoin price is more stable , it will happen.

bstewart

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Quote from: umbara ardian on May 18, 2018, 09:23:14 AM

when bitcoin is used as the world's digital currency it seems that it will make the bitcoin price to be expensive and will make the bit supply of bitcoin very little because bitcoin has a very high demand.

Yes, considering the world's population relative to the supply of bitcoin, there is tremendous room to grow within the near future.

vinbitpon

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This is a great news indeed and will be beneficial to all people around the world. But the thing is, it is still a long way. Some countries were still unaware and still did not open its door to this innovation. In addition, it will definitely affect the world market so it needs further studies and considerations.

Looking forward this will happen in the future.

umbara ardian

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when bitcoin is used as the world's digital currency it seems that it will make the bitcoin price to be expensive and will make the bit supply of bitcoin very little because bitcoin has a very high demand.

CryptAssist

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Quote from: rddsd7 on May 14, 2018, 07:17:42 AM

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??

Well it would need higher transaction capability. And anyway, it's too volatile for a reliable currency in my opinion. GREAT for speculation purposes.

Topic: Bitcoin to be used as world currency? - page 4. (Read 1033 times)