Bitcoin world currency - page 2. | Bitcointalksearch.org

nidacoinlove

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Quote from: supto005 on April 24, 2018, 01:02:32 AM

Quote from: Jmmerquita on August 05, 2017, 12:43:57 AM

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

Well, it's quite good idea. it can be possible when entire world accept Bitcoin as we know few country is not accepting Bitcoin. So, until the entire world doesn't accept either it is not possible.

Yes and no country would like it to be like that. Currency is the identity of the country and its people.

Mapalast

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Quote from: Jmmerquita on August 05, 2017, 12:43:57 AM

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

it is the opposite, isn't it? people in the same country would do the payment with their own currency as it used to be to make it easier. on the other hand, BTC is quite good to do the transaction abroad easily. In my opinion, if someday let's say 30 years ahead people in the whole world use bitcoin as the main payment , which government couldn't control it and doesn't get any tax from it, that could affect the income of the country ehich is decreasing.

BigDig

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I do not think that someone will be able to predict how the world financial system will develop in this scenario. It is not known whether banks will withstand direct competition with crypto and how the global economy will react to this.

Kusnechik

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Soon, calculations for purchases can be done in bitcoins. Only for this purpose it is necessary to accelerate the passage of transactions and make updates.

mulukey

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At present, bitcoin is not yet the world currency. It was born and developed until now. Many people, many countries around the world accept and use bitcoin in a common and effective way. With the optimal benefits such as: fast payment services, ... I think in the future bitcoin may be the world currency in the modern direction.

nurbay

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It could happen in the future but to be able to buy all commodities in various countries will surely take a long time and a long process also for all countries to legalize Bitcoin.
Currently, we know only a few countries allow the use of Bitcoin while many countries are banning the use of Bitcoin.
The challenge is how to convince people around the world about Bitcoin.
From an economic point of view, Bitcoin will affect the economy of a country through transactions made using Bitcoin.
Another thing that can affect the economy is the number of people becoming billionaires with Bitcoin will affect the taxes given to the state.

Alifal

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yes this is possible,but too late.because so many shop don't receive directly bitcoin.since countries have their own currency but its not just that, every currency has its own history and justifies the sovereignty of that country.just now only hopped.thanks

Saiful Islam777

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Bitcoin has not been able to establish its program yet. But I think that in future Bitcoin will be used as the currency of all countries.

Max.junior1

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Quote from: supto005 on April 24, 2018, 01:02:32 AM

Quote from: Jmmerquita on August 05, 2017, 12:43:57 AM

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

Well, it's quite good idea. it can be possible when entire world accept Bitcoin as we know few country is not accepting Bitcoin. So, until the entire world doesn't accept either it is not possible.

Actually, bitcoin is already used by the world community. But it depends on each country that receives cryptocurrency (Bitcoin), some countries use bitcoin as a transaction tool and some use bitcoin as a medium of exchange only.

supto005

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Quote from: Jmmerquita on August 05, 2017, 12:43:57 AM

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

Well, it's quite good idea. it can be possible when entire world accept Bitcoin as we know few country is not accepting Bitcoin. So, until the entire world doesn't accept either it is not possible.

Jlv

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The Future Of Work

It could be possible maybe in the future but for now not all the business establishment acknowledge the bitcoin and accept it but it is good if the people would learned how to use this for sure it really helps a lot to all the users.

pluMmet

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Quote from: reyanshbasu on April 24, 2018, 12:02:34 AM

In my opinion, we can use bitcoin us world currency if the value of it is stable, I mean the value is always at a higher price. People need to upgrade their self and accept the world of cryptocurrency. Using bitcoin can help the nation to reduce spending time for paying bills, and I believe It will helpful to all government and community. But we cannot please all people who don't want to use bitcoin, that is their choice and I respect that.

Yes indeed bitcoin in made some of the world will help but if the value that unstable it will be a new problem but this is just a opinion out of individuals and anything can happen and we see bitcoin in the future will like what

reyanshbasu

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In my opinion, we can use bitcoin us world currency if the value of it is stable, I mean the value is always at a higher price. People need to upgrade their self and accept the world of cryptocurrency. Using bitcoin can help the nation to reduce spending time for paying bills, and I believe It will helpful to all government and community. But we cannot please all people who don't want to use bitcoin, that is their choice and I respect that.

mintevacuateT

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If that becomes possible it means selling also possible. So the question arises that if btcs price falls how would be the selling or cost price?

ronics

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why not !!! so the nations are gradually increasingly being joined with bitcoin to be with some countries of bitcoin so it means when the government agrees with all the rules here and it's time to accept the bitcoin money in the whole world and would have happened that's it. for me the bitcoin is better than dollars so it would happen that bitcoin would be the money in the whole world and that's what we're going to expect to happen so hope.

Lubang Bawah

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This is a good idea, by making bitcoin as the world currency then this will certainly make a big change for the world because the easier the people to trade without having to exchange to the other currency first.

gilangIDR

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Quote from: laravuemaster on April 23, 2018, 07:25:18 PM

Quote from: Jmmerquita on August 05, 2017, 12:43:57 AM

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

Bitcoin as a world currency is not possible because some of the countries today are banning ico's and any source of cryptocurrency so if you want to earn bitcoins then migrate on the country where cryptocurrency is legalized on the area.

Bitcoin is strictly prohibited in some countries. But now bitcoin has a very strong Commodities so I remain optimistic that bitcoin can survive. Even in the future it is not impossible that bitcoin can be the world's currency used by all people in the world. Bitcoin like the dollar today, there are many places that receive payments via bitcoin and this is the view that bitcoin can be much better in the future.

laravuemaster

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When Football meets Crypto

Quote from: Jmmerquita on August 05, 2017, 12:43:57 AM

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

Bitcoin as a world currency is not possible because some of the countries today are banning ico's and any source of cryptocurrency so if you want to earn bitcoins then migrate on the country where cryptocurrency is legalized on the area.

endermanfomalhaut7

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yes its possible but we just need to circulate it freely over the whole world for it first before buying

fiulpro

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This won't happen well you know we need at least a 100 years for this to happen and work .
There will still be countries through who won't support this system because most counties are dominated by banks and they won't let this happen .
Well if 1 in a million it did happened then it will strengthen the economy from the individual point of view.
They could really own their money and it can really help in payments accross the globe without hectic steps .

Topic: Bitcoin world currency - page 2. (Read 5797 times)