Topic: Can Bitcoin become a global currency ? - page 4. (Read 1409 times)
Adding that Dollar is the global currency in fiat which is based on the value of gold and demand. Hence, in crypto currency market, the Bitcoin is a global currency, but the base of Bitcoin may only be demand. So I think that Global currency requires stable position which Bitcoin does not have. Notwithstanding, in cryptocurrency market, Bitcoin is the Queen of coins.
According to what proceeds, Bitcoin will not be able to compete with standard currencies. So the question we can ask : can Bitcoin become a global currency?
I think that the statement is wrong, Bitcoin can compete with all the FIAT currencies we have today. It already does when people have the chance to use Bitcoins for their purchases online. Especially in online gambling became crypto currencies a big part of the financial system for casinos and gamblers. Whenever bitcoins are used instead of the US Dollar it takes a bit away from the market leading position of the Dollar. There are two factors that play into the popularity of bitcoins and it's chance to become a global currency. The first one is the demand of investors, by now it must be clear that many investors look for an asset to invest in that is outside of the reach of government. Bitcoin is a great investment because it can't be printed by central banks. The second factor is that many countries in the world are looking for a way to reduce the strength of the Dollar. With bitcoins it's a good compromise to go away from one country dominating the world as a global currency.
Bitcoin continues to be used all over the world despite its various legal complications. While some countries have legalized it, most of the countries have not yet. But many countries are discussing it positively, maybe we will get the benefits soon after that we can consider it as a global currency. Although many have already termed it legal due to its worldwide use they consider it as a global currency.
Bitcoin is an investment, the reason many people are buying it and the adoption continues.
Some countries have legalize bitcoin as a legal tender, less than 15 countries in the world totally ban bitcoin as of present. If bitcoin is used in other countries of the world and also even so people in the countries that ban bitcoin are still using it, what currency can we call that? Global or local currency?
In my high opinion, the decentralization in bitcoin and its adoption makes it a global currency.
Some countries have legalize bitcoin as a legal tender, less than 15 countries in the world totally ban bitcoin as of present. If bitcoin is used in other countries of the world and also even so people in the countries that ban bitcoin are still using it, what currency can we call that? Global or local currency?
In my high opinion, the decentralization in bitcoin and its adoption makes it a global currency.
You are 100% right. Decentralised means no bank involved. If no bank involved then ofcourse no fees will be cahrged. This is minor aspect of Bitcoin. Some countries may fear that money Bitcoin will be in some hands and may pump and dump w.r.t times. But everyone, every country is moving around ₿.
though we have loved in bitcoin investing than Banks as there are a need for 3rd party involvement when in crypto we are just dealing with our own funds unless we need to pay others so the transaction go both ways.
actually bitcoin is already known and used globally as a digital currency or investment asset.
while for use as a means of payment at this time there are only a few countries that legalize it, but there is no doubt that in the next few years there will be other countries that want to legalize bitcoin as a means of payment such as fiat money.
because bitcoin itself has a high value and has many supporters behind it and bitcoin can also help a country to overcome economic and financial inflation.
For me I don't think some counrries will regulates or accepr bitcoin as currency bacause there are bussiness owner and consumers thay doesn't trust the run of the market. Meybe it will always stay as a optional to any services because or its unstable value. They would rather lose minimal than a great one.while for use as a means of payment at this time there are only a few countries that legalize it, but there is no doubt that in the next few years there will be other countries that want to legalize bitcoin as a means of payment such as fiat money.
because bitcoin itself has a high value and has many supporters behind it and bitcoin can also help a country to overcome economic and financial inflation.
I expect the same thing can happen with others. This for the people that don't want to use bitcoin or don't know how to use it. Governments can just force all their people if they don't want to. To become a global currency won't mean that fiat are now going to be replaced but it only means that bitcoin will now be accepted by each of the countries around the globe.
each country has its own regulations and all decisions are regulated by the government. Replacing fiat is impossible but coexisting with Fiat will be possible. Those who don't understand bitcoin will be forced to understand. El Salvador was indeed the first country to start adopting bitcoin and the use of payments is also allowed to use bitcoin. so there are still 2 options to use bitcoin or use fiat money. At this time to become a global currency, it is still very unlikely for bitcoin, there are many pros and cons and some risks that are still not worth it. but we know bitcoin has a good future.
actually bitcoin is already known and used globally as a digital currency or investment asset.
while for use as a means of payment at this time there are only a few countries that legalize it, but there is no doubt that in the next few years there will be other countries that want to legalize bitcoin as a means of payment such as fiat money.
because bitcoin itself has a high value and has many supporters behind it and bitcoin can also help a country to overcome economic and financial inflation.
For me I don't think some counrries will regulates or accepr bitcoin as currency bacause there are bussiness owner and consumers thay doesn't trust the run of the market. Meybe it will always stay as a optional to any services because or its unstable value. They would rather lose minimal than a great one.while for use as a means of payment at this time there are only a few countries that legalize it, but there is no doubt that in the next few years there will be other countries that want to legalize bitcoin as a means of payment such as fiat money.
because bitcoin itself has a high value and has many supporters behind it and bitcoin can also help a country to overcome economic and financial inflation.
I expect the same thing can happen with others. This for the people that don't want to use bitcoin or don't know how to use it. Governments can just force all their people if they don't want to. To become a global currency won't mean that fiat are now going to be replaced but it only means that bitcoin will now be accepted by each of the countries around the globe.
Isn't it already a global currency since Bitcoin has no borders? You can send from one end of the world to the other end within few seconds without any problems. No third-party involvement that would slow down the process. The only problem is few countries "banned" the usage of crypto currencies, but I am pretty much sure as more people starts to adopt bitcoin, those countries will be forced to lift the ban or else they will be lagging behind.
No, Bitcoin is not a global digital currency and you said it yourself that some countries ban its use of it. Having said that, there will never be a global digital or no digital currency due to some certain reasons which are
1) Different political understanding and system
2) Religion barrier
3) Inequality etc.
The government never wants any form of global currency and this is the reason why they sure the Facebook Libra coin is never established because the project concept is to make it a global digital currency.
a global currency and as you do mentioned those points above which is totally accurate and with those things then there's no way that it could really reach out into that certain extent.
So lets not hope for this one because it is really that impossible for it to happen.It might able to achieve something but it would really be just on being alternative but well
it isnt really been made for that kind of target or goal but we are emphasizing about being decentralized and p2p transactions without 3rd party intervention which do matter the most.
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According to my point of view, bitcoin has now become an investment asset. So becoming a currency would be tough. But it can be an optional digital payment method. First of all, if Bitcoin becomes a global currency, then every country’s economy will have to entirely depend on it. And the nature of bitcoin price volatility means it would be really tough to survive any kind of economic crisis. And the economic crisis will have a long-term impact on that generation. As a result, no country appears to be in a good position. That is why I believe bitcoin can be a digital payment system and an investment asset. That's my opinion; others can be different. Thank you.
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Isn't it already a global currency since Bitcoin has no borders? You can send from one end of the world to the other end within few seconds without any problems. No third-party involvement that would slow down the process. The only problem is few countries "banned" the usage of crypto currencies, but I am pretty much sure as more people starts to adopt bitcoin, those countries will be forced to lift the ban or else they will be lagging behind.
No, Bitcoin is not a global digital currency and you said it yourself that some countries ban its use of it. Having said that, there will never be a global digital or no digital currency due to some certain reasons which are
1) Different political understanding and system
2) Religion barrier
3) Inequality etc.
The government never wants any form of global currency and this is the reason why they sure the Facebook Libra coin is never established because the project concept is to make it a global digital currency.
According to what proceeds, Bitcoin will not be able to compete with standard currencies. So the question we can ask : can Bitcoin become a global currency?
check out https://roz-key.blogspot.com/2022/05/the-digital-agenda-of-virtual.html
check out https://roz-key.blogspot.com/2022/05/the-digital-agenda-of-virtual.html
Bitcoin is already a global currency.
Is it the most used ? No. Is it largely acceptable ? No, but its adoption is growing.
But if both parts want, it is easy to transfer bitcoin to anyone anywhere in the world.
I don't think bitcoin is competing with other currencies. It is just an alternative, for people who wants more freedom and don't want to be exposed to governments agendas.
Bitcoin is already a global currency and it's widely used throughout the world. Only a few countries are completely restricted. In the case of legal tender, it takes some time to accept Bitcoin. Or in the future, countries may come up with their own digital currencies like the fiet currencies we use now. Hope Bitcoin has its own future.
Bitcoin is already become global currency. Bitcoin is decentralization crypto currency it will never be stable. Cz bitcoin is not stable coin.People usually using bitcoin many ways. Many countries Govt didn’t didn’t accept crypto currency but people still using. People loves to bitcoin investment cz bitcoin is long term investment coin and most popular and valuable coin in crypto market. Bitcoin investment increase day by day.
Bitcoin is a global currency. People all over the world are now using Bitcoin. Bitcoin's popularity is increasing day by day.Different countries provide legal validity. There will come a time when Bitcoin will be valid in all countries and everyone will start doing Bitcoin transactions directly.We can see that Bitcoin is constantly increasing in popularity.Since Bitcoin is being used and invested by people all over the world then surely we can consider Bitcoin as a global currency. Bitcoin is an investment, the reason many people are buying it and the adoption continues.
Some countries have legalize bitcoin as a legal tender, less than 15 countries in the world totally ban bitcoin as of present. If bitcoin is used in other countries of the world and also even so people in the countries that ban bitcoin are still using it, what currency can we call that? Global or local currency?
In my high opinion, the decentralization in bitcoin and its adoption makes it a global currency.
Some countries have legalize bitcoin as a legal tender, less than 15 countries in the world totally ban bitcoin as of present. If bitcoin is used in other countries of the world and also even so people in the countries that ban bitcoin are still using it, what currency can we call that? Global or local currency?
In my high opinion, the decentralization in bitcoin and its adoption makes it a global currency.
You are 100% right. Decentralised means no bank involved. If no bank involved then ofcourse no fees will be cahrged. This is minor aspect of Bitcoin. Some countries may fear that money Bitcoin will be in some hands and may pump and dump w.r.t times. But everyone, every country is moving around ₿.
Since some nations have recognized bitcoin as legal tender, it is now possible to buy goods and services with selected countries. The majority of people prioritize bitcoin as an investment, so adoption is increasing. However, I don't think that bitcoin will cease to be a global currency after all some leaders still prefer to use their local currencies because that is what they are used to.
Bitcoin's volatility makes it hard to become a daily currency, especially in small amounts of transactions. But Bitcoin is still a decade-year-old currency and is becoming more popular day by day. The time will come when its price will stabilize. And Bitcoin becoming a legal tender doesn't mean making local currencies disappear. Bitcoin will become another currency option which is would be great knowing we can use a decentralized currency.
Since some nations have recognized bitcoin as legal tender, it is now possible to buy goods and services with selected countries. The majority of people prioritize bitcoin as an investment, so adoption is increasing. However, I don't think that bitcoin will cease to be a global currency after all some leaders still prefer to use their local currencies because that is what they are used to.
actually bitcoin is already known and used globally as a digital currency or investment asset.
while for use as a means of payment at this time there are only a few countries that legalize it, but there is no doubt that in the next few years there will be other countries that want to legalize bitcoin as a means of payment such as fiat money.
because bitcoin itself has a high value and has many supporters behind it and bitcoin can also help a country to overcome economic and financial inflation.
while for use as a means of payment at this time there are only a few countries that legalize it, but there is no doubt that in the next few years there will be other countries that want to legalize bitcoin as a means of payment such as fiat money.
because bitcoin itself has a high value and has many supporters behind it and bitcoin can also help a country to overcome economic and financial inflation.
For me I don't think some counrries will regulates or accepr bitcoin as currency bacause there are bussiness owner and consumers thay doesn't trust the run of the market. Meybe it will always stay as a optional to any services because or its unstable value. They would rather lose minimal than a great one.
actually bitcoin is already known and used globally as a digital currency or investment asset.
while for use as a means of payment at this time there are only a few countries that legalize it, but there is no doubt that in the next few years there will be other countries that want to legalize bitcoin as a means of payment such as fiat money.
because bitcoin itself has a high value and has many supporters behind it and bitcoin can also help a country to overcome economic and financial inflation.
while for use as a means of payment at this time there are only a few countries that legalize it, but there is no doubt that in the next few years there will be other countries that want to legalize bitcoin as a means of payment such as fiat money.
because bitcoin itself has a high value and has many supporters behind it and bitcoin can also help a country to overcome economic and financial inflation.
Its just a bad use of defining crypto as a currency the government shall definitely suggest to change the cryptp as a currency tag, most of the governments doesn't believe on giving up the power of regular currency.
Some state governments still really want to use their fiat currency rather than any cryptocurrency so there are still very many government parties who only pay attention to fiat currency for use by their citizens even though cryptocurrency can also be very good for use in certain things such as investment.But considering that the risk is not too small, so some government parties still want to use fiat without wanting to change it towards cryptocurrency.
To me bitcoin is already a global currency, because any part of the world that internet exist bitcoin is already trading there. even the countries that said they ban bitcoin.
Trading is another story mate. We talk about currency where we can use Bitcoin as a mode of payment globally but it is not how it works, many countries are not adopting Bitcoin, and more people had never used this instead, they'll consider this as an investment. However, this never means that it was a failure. I think we need more time to finally adopt the system and become acceptable in all major establishments.
To me bitcoin is already a global currency, because any part of the world that internet exist bitcoin is already trading there. even the countries that said they ban bitcoin.
Isn't it already a global currency since Bitcoin has no borders? You can send from one end of the world to the other end within few seconds without any problems. No third-party involvement that would slow down the process. The only problem is few countries "banned" the usage of crypto currencies, but I am pretty much sure as more people starts to adopt bitcoin, those countries will be forced to lift the ban or else they will be lagging behind.
Bitcoin is now very popular even almost all people have entered the world of bitcoin and have entered the world of crypto, in fact almost all countries have invested in bitcoin, but I don't dare say bitcoin will become a global currency, because I personally think it is very difficult to replace the world currency Even if that happens, it is certain that the government will oppose this provision. Jump to: