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 think that if Bitcoin develops strongly and meets the needs of a country, it will be the main currency of that country, but Bitcoin is still unknown to many. This makes Bitcoin more difficult to become the main currency 
Topic: BTC as a national currency? - page 8. (Read 12591 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?
Well it will not happen that fast because not all people are aware of bitcoin yet. Some might be aware, however, bitcoin is not yet widely used by people. Some people are not even using their bitcoin for transactions. Some are just hoarding for future income. It's true that bitcoin is really profitable, however, I really think that bitcoin's real purpose is to be used as a medium for transactions.
BTC as national currency will happen but it would take some time like 5 to 10 years. All the cryptocurrencies like altcoins also would be part of national currency, each country would choose their own cryptocurrencies as their denomination. Things are changing day by day and this transformation also would definitely occur in a slow and steady phase.
I don't think it can, it will confuse the population having to pay things at a fraction of 1 Bitcoin. Then the volatility of it is going to stop people from spending money on things. Because what if it goes up.
Governments want a currency that is under their control. If they can't control it, then they are not going to make it as a national currency. Governments all over the world, regulate the flow of their currency in order to fight inflation and deflation in the economy. Bitcoin doesn't allow anyone to control it. So no chance to see bitcoin as a national currency.
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?
This is highly unlikely, no government is going to choose bitcoin as their currency, even a country in deep problems will prefer to use other fiat as their national currency, if they proved to be inefficient in managing their own currency, now that does not mean that the people of those countries will not adopt bitcoin in order to protect themselves, this is something we are seeing a lot in countries with problems in their economy and that we are going to keep seeing for some time. 
Why not? I think a lot of countries including US are looking into Bitcoin and considering their options in terms of how to incorporate this technology into their governments and political systems. And also how to get the people on board, because that could be very hard.
Recognizing, incorporating and even legalizing Bitcoin ought not to be confused with becoming a national currency. A national currency is a symbol and an instrument of control governments across the globe put to use in the control of affairs of their various countries and that makes Bitcoin, which is borderless, decentralized and censorship resistant a misfit, no country would be willing to accord the status of their national currency. Japan by legalizing Bitcoin for instance, did not have to undermine the Yen, which remains their national currency.
Come on bro let's get serious I do not see any chance that Bitcoin will never become the national currency of any country. No offence but there are a lot of menu another cryptocurrency out there which does not have a lot of problem with them I agree that they are too much violent right now but in future if we find another coin like Bitcoin which has a stable market but with low price then that will have potential to become a nice ok well see I guess. All I can say is there is a lot of problem with Bitcoin right now and the main problem is the transaction fees if it gets all then I think it has some chance.
In future of course it could, some of investors believe that it will just replace material money in some countries so why not become national currency at the same moment?
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 don't think that bitcoin would become a national currency because bitcoin transactions are online and not all people have there gadgets to transact with bitcoin, bitcoin now is using in many countries and it is well known, but some poor people do not know exactly what bitcoin is. 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 think there is a possibility that bitcoin can be a national currency or it may also go the other way around. Because of its advantages over fiat, government may finally utilized it and made it a national currency for good. But on the negative side of bitcoin, government may also be the first to oppose the use of bitcoin because it's decentralized, and of course, a perfect tool for criminals to commit crimes.
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?
Actually, Bitcoin for this current situation can now be somehow considered as a national currency since a wide range has already been captured to be using Bitcoin cryptocurrency as their personal currency has some states and/or countries are now recognizing not just Bitcoin's presence but also the other existing cryptocurrency which are widely used in a global scenario. The possibility for Bitcoin to become a national currency is literally and really observable since there are traits and good characteristics to be in lined with to be essential to be used as a national currency.
I was wondering if true bitcoin would be a national currency amate, and I've heard there are countries that already recognize bitcoin as the national currency. now technology is growing and economic growth is getting better, it needs an initiative and now its growth is much greater than that of countries that have not acknowledged bitcoin as national currency. In the future you will see for yourself how bitcoin plays a national currency.
I think the US government is developing its own cryptocurrency right now, which might become a national currency
National currency will be accepted by a country when there are large number of people follow the same currency and I think bitcoin is not still at that stage but it is more possible that bitcoin will cross this target and will become national currency.
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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 do not think it will ever become a national currency, there's too much volatility and the ever increasing price is not good to be used as a national currency. Furthermore it is decentralised and so supply cannot be used to influence the economy.
Sure, they know there is nothing that can be done to stop bitcoin which is why they will regulate the usage and one way or the other makes use of the exchanges for their benefits.
I think the US government is developing its own cryptocurrency right now, which might become a national currency
National currency will be accepted by a country when there are large number of people follow the same currency and I think bitcoin is not still at that stage but it is more possible that bitcoin will cross this target and will become national currency.
in fact, I can't see bitcoin becoming a national currency. Ever. How it's even possible? the emission of bitcoins has to be controlled by government! So right now there are many issues for any country trying to adopt bitcoin as 'their' currency. Governments, you know normally have control over the supply of their own currency, cause they can use this as a tool to manipulate and control the economy where and when necessary. This would not be possible with bitcoin. Furthermore bitcoin is very volatile which would not suit the needs of a country looking for a suitable currency. So i think it is more as asset..
One of Bitcoin's features is being decentralized, which means no entity, any sector of society or government agency that controls it. It is a digital currency that is free to use and you have the freedom to decide what do you want to do with what you have. So I doubt that it will ever happen. Even if it's not yet official, BTC being the pioneer of cryptocurrencies, is now being considered as the face of digital coins. Hence, world-wide used currency and I do think it's being close to be a world currenct, since no nation or country ever got a hold to became its property.
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 think there is a possibility that bitcoin can be a national currency or it may also go the other way around. Because of its advantages over fiat, government may finally utilized it and made it a national currency for good. But on the negative side of bitcoin, government may also be the first to oppose the use of bitcoin because it's decentralized, and of course, a perfect tool for criminals to commit crimes.
In addition, more people now are using crypto currency in the whole world.
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 think there is a possibility that bitcoin can be a national currency or it may also go the other way around. Because of its advantages over fiat, government may finally utilized it and made it a national currency for good. But on the negative side of bitcoin, government may also be the first to oppose the use of bitcoin because it's decentralized, and of course, a perfect tool for criminals to commit crimes.
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