So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?
For now Bitcoin can not be categorized as a national currency in any country because of fluctuations in value so that prices that change too fast will affect the price of daily necessities because it follows the value of Bitcoin.
Topic: BTC as a national currency? - page 15. (Read 12619 times)
So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?
For now Bitcoin can not be categorized as a national currency in any country because of fluctuations in value so that prices that change too fast will affect the price of daily necessities because it follows the value of Bitcoin. 
How can any crypto become a national currency? It is the same like internet will be declared by some country their national system of connection. Bitcoin is an international currency, and it is its main privilege. It is the best currency to make transactions between different countries.
Bitcoin is P2P transaction. majority of people are using bitcoin to avoid the 3rd party. just like some people are consider by using the bitcoin caused by they can do it directly to the users without any autorithy. As the national currency and bitcoin is not made for it.
Bitcoins will some or the other day reach a huge price and they will also give the users immense profits but being a national currency will also bring with it "Taxation". Bitcoins with taxes are not worth it I guess.
It will never be happen that bitcoin will become a national currency because in my country many business man or the owner of bank will disagree about that at the government take action about that because we know the no one can control bitcoin.
Yes bitcoins can be used as a mean of payment for online purchased to increase the flexibility but they cannot be nationalised. Centralised currencies are been used as a national currency and bitcoins are completelt decentralised. Also many countries have not yet accepted bitcoins legally. Perhaps they could be used as a national currency if they are declared legal but it will surely affect the price for bitcoins. Bitcoins will go down and also the price variation will not be much if they are been nationalised. Individually I would resist doing so because I like bitcoins as they are now and I don't need any such huge changes in bitcoins.
It would be nice to all of us bitcoiner but it will not be good for a country to use bitcoin as a main currency because all countries i know is using their respective currency, but i can see it will replace dollar as world currency considering it continue growing now
There is nothing wrong in making bitcoin the national currency of the world. It has all features of the best currency and it is the best currency in the world right now. Even if the country is hesitant to declare it as the only national currency of their state, at least they can use it as the second official currency of the state which is really going to help them in improving their economy. Bitcoin can be used at any level, anywhere. encountering, if a nation will make it their currency it will be controlled by whales in which they can dump its value.
So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?
if bitcoins are made into national money then this will trigger an increase in bitcoin prices because they are in droves to have bitcoin for their payments and i agree if bitcoin can be national currency
The adoption of Bitcoin as a national currency by a country could lead to its economic collapse, deflationary nature of digital currencies would mean that they would not function well as a currency or medium of exchange in modern economies. Bitcoin is still young and still needs time to grow.
for me bitcoin can't be national currency because not all people know anything about bitcoin and not all people have bitcoins, and we need internet in order to transact and internet is somehow a problem to poor countries.
National? Maybe in a country who will accept bitcoin. A country that will support bitcoin not banned it. If that time comes other country will support too if they know what bitcoin could did to a poor country. That someday even a poor country will be a riches country or maybe they will not left behind.
If the country accept bitcoin for sure many people will become a rich someday, i can say bitcoin can be a national currency because you can exchange it into your local currency .
It would be nice to all of us bitcoiner but it will not be good for a country to use bitcoin as a main currency because all countries i know is using their respective currency, but i can see it will replace dollar as world currency considering it continue growing now
There is nothing wrong in making bitcoin the national currency of the world. It has all features of the best currency and it is the best currency in the world right now. Even if the country is hesitant to declare it as the only national currency of their state, at least they can use it as the second official currency of the state which is really going to help them in improving their economy. Bitcoin can be used at any level, anywhere. I do not know the total numbers of user in Bitcoin at current.
But only when the price of Bitcoin increases fastly and the market has strong fluctuation, the Bitcoin system will clog up transactions and stagnate.
Therefore, how does Bitcoin provide a system enough to confirm all transaction of a country as the national currency?
It would be nice to all of us bitcoiner but it will not be good for a country to use bitcoin as a main currency because all countries i know is using their respective currency, but i can see it will replace dollar as world currency considering it continue growing now
There is nothing wrong in making bitcoin the national currency of the world. It has all features of the best currency and it is the best currency in the world right now. Even if the country is hesitant to declare it as the only national currency of their state, at least they can use it as the second official currency of the state which is really going to help them in improving their economy. Bitcoin can be used at any level, anywhere. I think the US government is developing its own cryptocurrency right now, which might become a national currency
Some people are in very hurry that when bitcoin will be accepted as a national currency so I want to tell him that to become national currency is not easy it needs a large number of users and a big turst also and bitcoin is in the way of getting large number of users and it is more expected that in future it will be accepted as a national currency soon. 
It will never be happen that bitcoin will become a national currency because in my country many business man or the owner of bank will disagree about that at the government take action about that because we know the no one can control bitcoin.
Bitcoins have crossed 10,000$ because they can not nationalized. Bitcoins are a decentralized currency which gives it freedom to increase/decrease its price depending on the demand and supply. If bitcoins are nationalized, surely they will lose their importance and the demand will suddenly reduce affecting its price and inversely the price will go down. Bitcoins are good as they are now and they do not need any renovation such as nationalizing it. Bitcoins cannot be a national currency according to me.
So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?
I really doubt that. That would not be possible.
Each country is known for their monetary standard. The value and worth of their money affects the economy of the country as a whole.
"Decentralized currency in a country with government"? given the fact that it is digital and prone to hacking... I suppose no, bigtime.
I don't think that Bitcoin can become national currency of any country as Bitcoin can not work offline which simply makes it unsuitable for everyday transactions. Moreover, Bitcoin transaction are not as quick as paper money transactions are.
I support bitcoin totally, don't get me wrong, but I think that it won't become a national currency because those national currencies have been established in each country for a time now. It is not only based on value and other superficial aspects, but it is also based on history and how the country is known for. It is an identifier that is unique to one country, so bitcoin, which is available to all can't be somewhat owned by one country alone. Also, it would be better if every country has a hand in it and for it to keep its public character because it can reach more people and can be used by more people as well.
I do not think this will ever happen. We all know that Bitcoin is a digital currency and no single group / country can handle it. Everyone in the world today is entitled to use Bitcoin, so Bitcoin is unlikely to be mastered and Bitcoin prices are also influenced by various things, such as the number of transactions and also the number of people using Bitcoin. The more people who use Bitcoin, the higher the quality of Bitcoin. This is the demand factor that makes a Bitcoin more valuable.
Also bitcoins are completely digital and do not have any paper currency. Bitcoins are just been made to be used for online purchases and to generate good income online. Bitcoins should not be used as a national currency as it will affect in the users of bitcoins as being national currency will influence the people of that individual country to use bitcoins and other countries may leave bitcoins back.Bitcoins are used internationally now and also the demand is increasing day by day which is making a huge pump in the price of bitcoins. Bitcoin market completely depends on demand and supply and being national currency will surely induce more demand.
Very much doubt it will happen unless its in a 'extra terrestrial' country. Every country wants to regulate its money and thats the major difference between fiat and crypto (most at least).
There is no regulation and its on a limited supply. Also current price fluctuations wont help as if you go to shop to buy something with BTC and if price dropped you have to go source more (there is no predictability). Also sellers view they sell you something for a BTC and the price fluctuate in thousands, especially down he will go bankrupt.
Hope the GOVs wont add a lot of regulation around crypto, it will only make dark sites thrive.
There is no regulation and its on a limited supply. Also current price fluctuations wont help as if you go to shop to buy something with BTC and if price dropped you have to go source more (there is no predictability). Also sellers view they sell you something for a BTC and the price fluctuate in thousands, especially down he will go bankrupt.
Hope the GOVs wont add a lot of regulation around crypto, it will only make dark sites thrive.
I don’t like the idea of btc becoming the national currency of a country.If it become national currency how are we going to get its benefits how will there be profit for the investors who has already made investment in it more over there isn’t sufficient bitcoins available to provide for the entire population .More over btc is not something which is not affordable by everyone as per the current market situation it has become more difficult for everyone to buy btc. I disagree with the statement btc becoming national currency .
I thought the point is to make a bitcoin world-wide used currency, why the hell it should be nationalized?
Correct, it wouldn't make sense to adapt bitcoin as someone's national currency since its mode of operation is on the internet which is called world wide web for a reason.
So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?
BTC is originally design as the future currency but sad to say, right now it is impossible for btc to be the national currency. People sees it as an asset where they can invest and gain profit out of it. Every country has their own currency that's why as of now btc will never replace the current currency. It will take long years to make it happwn.Jump to: