Topic: Can Bitcoin become a global currency ? - page 5. (Read 1439 times)
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.
Can Bitcoin become a global currency ?
It depends on what exactly you mean by the word global. If you mean that it is a global currency used by everyone, then it has been since it was launched, but this cannot in any way cancel out the rest of the classic currencies such as the dollar and the ruble.
Everything have got its good and the bad. With bitcoin the decentralised infrastructure is good, but the same is being considered negative by the governments. So, the lack of control over the network makes government to restrict its usage. From common man's usage perspective it is good, because he have control over his own funds than any third party service operating his/her funds.
For now it is global currency with limited acceptance, which means the acceptance is found high as an investment than as currency.
Bitcoin although lightening network and most transparent transaction have bad and good site, depending adopt bitcoin used for what, I think with bitcoin most transparent transaction give positive side because we can track with bitcoin transaction from sender until who receiver of bitcoin, actually we know accurate amount or values how much sent. When adopting by government we can track with how much money in and out, but have negative side when bitcoin adopt and use for legal transaction, we can't track about bitcoin transaction when using or sending to hardware wallet. For now it is global currency with limited acceptance, which means the acceptance is found high as an investment than as currency.
hey to bitcoin is already become global currency no government no border just live on the internet and fly around thin air 
but to replace fiat umm i dont think so gov allowed it as investment that most gov still acceptable
Bitcoin may be considered as a Global currency by most people but there are some people who will think that bitcoin as an asset or investment due to its volatility on it's value. Also, "no government no border", Unfortunately, there are government who restrict the usage of bitcoin or even ban or made crypto illegal to their country such as China. but to replace fiat umm i dont think so gov allowed it as investment that most gov still acceptable
Anyway, I agree that bitcoin will never replace fiat however other centralized crytocurrency where the government support might replace fiat in the near future.
Despite its young age and unproven status as an investment, Bitcoin is being used by cryptocurrency speculators to store value and hedge against recessions and corrections. No government will not allow Bitcoin to become a global currency due to its high volatility and decentralized nature. Although crypto enthusiasts support it, some believe that it would be a better investment based on their risk tolerance. As Bitcoin is still a young technology, we have a long way to go.
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.
Yes it can, in quite a few ways it is slowly but surely as the ground work is being and has been laid with more and more countries, although a handful and growing, recognizing it as legal tender. Of course you will have some countries that may never come around and keep it banned, but this will only make it a de facto global currency at the least.
Some countries have not legalized and prohibit cryptocurrency due to volatility, so it is debatable whether bitcoin can ever be considered a global currency? Bitcoin is more of an investment, so many people buy it.
It can also be noted that cryptocurrency ceases to be a speculative asset and becomes a digital version of gold.
But also in many countries you can freely use and pay in bitcoin for various services, the range of offers is almost unlimited. For example, what you can buy with bitcoin:
digital appliances;
household goods;
electrical goods;
clothing;
products for handicrafts;
food, etc.
Various services are available for cryptocurrency - legal assistance, website development and promotion, flower delivery, etc.
From this we can conclude that bitcoin is an integral part of our lives and perhaps the future.
It can also be noted that cryptocurrency ceases to be a speculative asset and becomes a digital version of gold.
But also in many countries you can freely use and pay in bitcoin for various services, the range of offers is almost unlimited. For example, what you can buy with bitcoin:
digital appliances;
household goods;
electrical goods;
clothing;
products for handicrafts;
food, etc.
Various services are available for cryptocurrency - legal assistance, website development and promotion, flower delivery, etc.
From this we can conclude that bitcoin is an integral part of our lives and perhaps the future.
Bitcoin is accepted as the global currency in most places. In some countries, companies accept payments in bitcoin. A historic tram line in Prague has announced that it has agreed to pay with bitcoin. I think this is a big step for bitcoin. Too many steps like this have been taken. We will see a lot of companies accepting payments with bitcoin News like this show that bitcoin is on its way to a global currency. To me it just needs a little more time.
Regarding bitcoin as a global currency, different people will hold different opinions. Its acceptance and inherent qualities enable it to be utilized as a universal currency. However, due to its volatile nature, some people hold opposing views of it. As a result, it is regarded as an investment and treated as an asset that will eventually be sold for a profit. All of this is not conceivable using existing global fiat currency. Regarding bitcoin, many people have different opinions.
hey to bitcoin is already become global currency no government no border just live on the internet and fly around thin air
but to replace fiat umm i dont think so gov allowed it as investment that most gov still acceptable
Bitcoin may be considered as a Global currency by most people but there are some people who will think that bitcoin as an asset or investment due to its volatility on it's value. Also, "no government no border", Unfortunately, there are government who restrict the usage of bitcoin or even ban or made crypto illegal to their country such as China. but to replace fiat umm i dont think so gov allowed it as investment that most gov still acceptable
Anyway, I agree that bitcoin will never replace fiat however other centralized crytocurrency where the government support might replace fiat in the near 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.
Everything have got its good and the bad. With bitcoin the decentralised infrastructure is good, but the same is being considered negative by the governments. So, the lack of control over the network makes government to restrict its usage. From common man's usage perspective it is good, because he have control over his own funds than any third party service operating his/her funds.
For now it is global currency with limited acceptance, which means the acceptance is found high as an investment than as currency.
For now it is global currency with limited acceptance, which means the acceptance is found high as an investment than as currency.
hey to bitcoin is already become global currency no government no border just live on the internet and fly around thin air
but to replace fiat umm i dont think so gov allowed it as investment that most gov still acceptable
but to replace fiat umm i dont think so gov allowed it as investment that most gov still acceptable
If not in legal terms, In the internet age, bitcoin is virtually the world's currency, available to anyone who can access the Internet. The truth is, no matter how good and convenient bitcoin is a hundred times more convenient than fiat, it will never replace fiat as the main currency of the world. The government won't allow this, they will only allow it if they find a way to control bitcoin, but we all know no one has that ability.
hey to bitcoin is already become global currency no government no border just live on the internet and fly around thin air
but to replace fiat umm i dont think so gov allowed it as investment that most gov still acceptable
but to replace fiat umm i dont think so gov allowed it as investment that most gov still acceptable
Since Bitcoin is already used by many people around the world for both investment purposes and payment tools, we can say that Bitcoin has become a global currency. But we must admit that Bitcoin still cannot be used for investment purposes or payment tools in several countries. This is a big challenge for Bitcoin adoption because it is quite complicated to ensure all countries legalize Bitcoin. However, there are many countries that allow Bitcoin to use for any purpose, which makes Bitcoin status already as a global asset or a global currency.
To sum it all up, BTC cannot be a global currency, at least for the near future.
~snip~
^ But it can be a global alternative currency.~snip~
The point was definitely right, BTC was tougher to become a main global currency because of inflation and each country has its own different value of money, and has a different value of stocks so it is impossible there is one global currency.
However, people now think that BTC is an investment, not a currency, everyone keeps BTC to store value not spending it daily the same as fiat currency. So now, how it will become a global currency?
this i believe, is the hindrance for btc to become a regular currency as many people are still looking at btc as investment currency. which is no doubt, many are holding for the purpose of potential profits. but if you look at it, btc is attracting interest globally. there are no borders or boundaries so to speak. for me, in some ways, btc is already a global currency, though it can't be considered mainstream yet, but the reach is already in global extent.
To sum it all up, BTC cannot be a global currency, at least for the near future.
~snip~
^ But it can be a global alternative currency.~snip~
The point was definitely right, BTC was tougher to become a main global currency because of inflation and each country has its own different value of money, and has a different value of stocks so it is impossible there is one global currency.
However, people now think that BTC is an investment, not a currency, everyone keeps BTC to store value not spending it daily the same as fiat currency. So now, how it will become a global currency?
Bitcoin cannot become a global currency, no matter what there will still be some developed countries that will insist on it, although it might be use as a means of payment but there is still gonna be news of banning here and there, but no one knows the future though it might turns out in positive way though in many years to come
To sum it all up, BTC cannot be a global currency, at least for the near future.
The problem with BTC is its very nature itself- meaning its inflationary supply and value can be a future issue when it comes to pricing. Imagine, having a currency that has a value that changes regularly can be prejudicial in certain circumstances and scenarios. In addition, BTC is something that is considered to be an investment. Though this may be the case, there are certain factors that may be adopted from cryptocurrencies that can be integrated into the future financial model.
The problem with BTC is its very nature itself- meaning its inflationary supply and value can be a future issue when it comes to pricing. Imagine, having a currency that has a value that changes regularly can be prejudicial in certain circumstances and scenarios. In addition, BTC is something that is considered to be an investment. Though this may be the case, there are certain factors that may be adopted from cryptocurrencies that can be integrated into the future financial model.
Maybe it will happen, but only some countries have legalized Bitcoin, maybe in the future, sooner or later, it looks like there will be a change in using Bitcoin to become a global currency. and there will be many countries that will allow this.
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