Topic: Bitcoin world currency - page 21. (Read 5822 times)
Until now no country has officially made bitcoin as a currency, but I think bitcoin can be used as an international currency because it proves better than fiat money.
What commodities you can buy in a certain country depends on the laws and regulations of that country and I am pretty sure that we will never reach the situation that all countries in this world will have the same laws.
The economy of a country is based on the laws, tax and investment programs and not by a virtual currency.
Also, if more people use Bitcoin and avoid tax payment, then the economy of that country will decrease because the government will have less money to spend.
The economy of a country is based on the laws, tax and investment programs and not by a virtual currency.
Also, if more people use Bitcoin and avoid tax payment, then the economy of that country will decrease because the government will have less money to spend.
It's possible that we can use bitcoin to buy all commodities from all the countries but don't include those countries that will implement ban to bitcoin. We can't do something about those countries that will ban it but the adoption of bitcoin is keep on growing everyday many countries are starting to adopt bitcoin so this scenario of seeing bitcoin being used to buy all things is there and it's visible at the moment.
Yes it is really possible that we could see bitcoin as world's currency. That we could buy things that we wanted though there are some countries to ban bitcoin still it wont affect the possibilities that it will happen. I think it will happen in the future because there are lot of things to consider to make it finalized. We will see it and witness it one day and I'm very sure that bitcoin is going to be big on that day. And there will be no doubts with it, the cryptocurrency will be well known by that time and everyone is going to recognize bitcoin as a real digital money and best investment of all time. Once it already happens we can just simply travel all around the world with the use of bitcoin for our expenses.
I don't think that it would be that easy, although I am in favor of using bitcoin as the world currency. I just think that there will just be to much problem that will rise, not only in the world government but with the cryotoworld aswell. But I think it would be much better if the world could have only one currency.
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.
Yes it is possible in the near future when the bitcoin get established worldwide and the people adopt the world of crypto currency it might happen that bitcoin would be used as our means of payment transaction worldwide let us wait for the right time because we will get there.
For now it is not possible the percentage of knowledgeable in cryptocurrency is lower than 10% so what will you do to the rest? like the farmers old people and more people don't know about this new technology.. but if the governments are establishing learning center for all kids who taking their study right now maybe in the next 20 years this bitcoin will be implemented as a global currency..
I think btc will still be strong, but never will be world coin.. this market will be very competitive, we already can see this.
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 very possible for bitcoin to apply in all countries, because right now it's been a lot of big and advanced countries that accept bitcoin as a legitimate payment tool, if this is already accepted in all countries surely everything you ask will be missed, bitcoin one prices around the world
for now you can not purchase all commodities because not all of business or companies accept bitcoin payment if you want an camponies accepting bitcoin payment, you need a searching for that.
I think bitcoin will eventually be accepted by merchants around the globe. It would affect the economy greatly in a positive way because people do not have to pay huge amount in transacting with Bitcoin. Aside from that the payment transaction will be faster so it will save lots of billions of dollar being wasted waiting.
It will happen and I believe that it's possible to happen. Not that too fast but later on every merchant is going to adopt and accept bitcoin as the payment for their goods and other stuffs that people will avail to them. And also big companies and countries are now trying to see the future with bitcoin and it's very possible that we can be on that day when everyone uses bitcoin to buy all necessary things.
There will be legality issue that would come in front of us when we will ask for using bitcoin to trade with other commodities. Bitcoin just not ready for standing amongst the other in the real world. This is like trading virtual assets with solid one.
Yes, bitcoin isn't strong enough to engage in real word. Even though it is valuable today but still not enough.We can consider this become world currency used in online transactions only, but still fiat/local currency could be widely used by most because it is accepted in many establishments locally.
I think bitcoin will eventually be accepted by merchants around the globe. It would affect the economy greatly in a positive way because people do not have to pay huge amount in transacting with Bitcoin. Aside from that the payment transaction will be faster so it will save lots of billions of dollar being wasted waiting.
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.
You can use bitcoins to buy anything from any marketplace or site supporting BTC as payment method. But Bitcoin still not yet supported or legalized everywhere around the world, so sometimes you just need to convert it to fiat
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.
I think it's not possible, because as we already know. some country already ban bitcoin.But if that happens, I think the currency will be centralized to one.
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.
I think it's not possible, because as we already know. some country already ban bitcoin.But if that happens, I think the currency will be centralized to one.
It's possible that we can use bitcoin to buy all commodities from all the countries but don't include those countries that will implement ban to bitcoin. We can't do something about those countries that will ban it but the adoption of bitcoin is keep on growing everyday many countries are starting to adopt bitcoin so this scenario of seeing bitcoin being used to buy all things is there and it's visible at the moment.
Yes it is really possible that we could see bitcoin as world's currency. That we could buy things that we wanted though there are some countries to ban bitcoin still it wont affect the possibilities that it will happen. I think it will happen in the future because there are lot of things to consider to make it finalized.
It's possible that we can use bitcoin to buy all commodities from all the countries but don't include those countries that will implement ban to bitcoin. We can't do something about those countries that will ban it but the adoption of bitcoin is keep on growing everyday many countries are starting to adopt bitcoin so this scenario of seeing bitcoin being used to buy all things is there and it's visible at the moment.
Your idea of having a currency which allows anybody arround the world to buy and sell using bitcoin is good. I think its happening already, we can see it where different people are offering diferrent service and goods. Seeing how bitcoin works now, I think bitcoin is pretty good functioning along side with other currencies. I think we can already call bitcoin as "world currency" . But we are still on the process on making bitcoin available to all kinds of commodities, we cant rush it to happen. It is now under the development, then I think the countries part is to take their action how to apply tax with their people using bitcoin. Regulation is the part of the government to make the economy better alongside with bitcoin.
It seems to me that you are in a hurry. Bitcoin still not be called a currency. He has all the characteristics of currency. Indeed there are some places where you can pay with bitcoin but they are too few. Everything is still in order to make a purchase need to exchange bitcoins for Fiat.For now bitcoin is still a form of a digital product and not a currency yet, and some of us here really are rushing out for this. Keep calm and don't let it to come immediately, because it will really take more time becoming world's currency. The whole world might not ready for this, since internet capability on all nations wasn't yet available in every remote area around the world.
Mass adoption is a growing possibility. A bigger user base will open up different opportunities and the demand for bitcoin will keep growing thereby increasing its use worldwide.
This will happen. But take some more time. At first bitcoin will replace the dollar and then the entire paper currency and then the bank process .At last the bank. Finally the entire currency system.In many countries the bitcoin was accepted now.If it's accepted by all countries means ,bitcoin will became a world currency.
Ya true so.This will happen only if the bitcoin price reaches the moon and it's used by common people for their daily needs.This process will occur steps by step.At first the world most using dollar. Then all the paper currency. At last only the World currency system.
Yes one of the factor is also the price of bitcoin. Next thing is that mass adoption can be achieve, once other countries start recognizing bitcoin as a currency without even legalizing it. And yes also i agree that once it wil be accepted by other countries as well then it is not impossible that even commoners will adopt and recognize bitcoin and use it to their day to day transaction.
Bitcoin is easy to use any counters and it will use full for the traction for the money exchange. If need money, you will easy to transfer for the money or bitcoin. It is a digital currency its value charge every time. And you will check the wallet for the bitcoin price. bitcoin value the counter it is the benefit of the bitcoin users.
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 can help the export sector because bitcoin provide the easier transaction than the current methode that really provide the high barier to do export or import. Jump to: