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Topic: can you imagine bitcoin as your prime currency. - page 16. (Read 1508 times)

newbie
Activity: 154
Merit: 0
In my own opinion using Bitcoin as your prime currency in your daily needs is rather difficult. BTC is only good for online shopping. Imagine the long process on every store you are going to buy from using BTC. It would cause you too much a hassle.
hero member
Activity: 1190
Merit: 525
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I can imagine, but at this moment that is all I can do!  Cheesy
For me it's impossible to use Bitcoin as prime currency as most people around me don't use it. I need to make deals, buy/sell stuff, so fiat is still necessary, otherwise I will close myself inside a "bubble" and stay away from the "real world", looking only for few people who deal with BTC, so I can trade with them. In big cities I think it's already a possibility, as Bitcoin becomes popular faster and there are big businesses which give you the chance to use BTC or you can use the "middleman services" to convert the money anyway, but at smaller cities, countryside cities it's not going to happen soon.
member
Activity: 238
Merit: 10
It is better for us to hold more bitcoins because aside from waiting for more earnings, if bitcoin is being accepted in all establishment and they are already well known in the world atleast we already have bitcoin on our hands.
member
Activity: 630
Merit: 20
It's not hard to adopt bitcoin as primary currency, there are still changes but is more convinient to everyone. It may take longer before we can acquired all the changes. Our economy will grow more. Despite of that, I know for a fact that I am not yet ready for that but I am welcome for the changes to be happened when the time comes.
member
Activity: 548
Merit: 12
Of course people today strongly support what technology will happen, if Bitcoin greatly facilitates the wrong buying and selling transactions to live comfortably, but maybe the government is still thinking about the development of Bitcoin in the future, do not want to take a direct decision to make Bitcoin as legitimate payment instruments, maybe at other times can be realized very mature, we will all be crazy about the price of Bitcoin, so support what is good for Bitcoin so the price can soar.
hero member
Activity: 3080
Merit: 603
Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.
Bitcoin will be known for it's use as a digital currency / cryptocurrency though there are words that are being thrown to it to make it look bad in front of investors, enthusiasts and optimistic believers. I do use bitcoin for paying now my bills and it's a real deal, a real money that I'm very convenient of using it. Sitting in front of my desktop watching youtube videos and suddenly the biller emails me my bill. Dude I'll just pay you off with my bitcoins and it's on its way.
legendary
Activity: 3164
Merit: 1127
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I do not imagine  this because the government of my country is made up of very corrupt people who have shaped the history of my country to satisfy their own interests, and this small group of people who constitute the government of my country approve laws that only benefit them; they never will abandon our currency to make bitcoin as our main coin. so I do not even imagine this, I'm happy to have my coins in my wallet and I prefer to keep away from the sight of the corrupt ones of my country

If bitcoin will be our prime currency...

but I doubt that happens someday, because people are greedy and just do things for their own interest
newbie
Activity: 196
Merit: 0
If bitcoin will be our prime currency then all things are done with hassle-free like buying goods,services,paying bills and even salary payments because it is done electronically since bitcoin is a digital currency.
hero member
Activity: 966
Merit: 501
Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.
speculation arises when we have read some predictions ,, and I speculate that bitcoin will fall again in the next 2 weeks ,, and it will probably reach 10-15%. I speculate like this because some predictions are overflowing to the surface
newbie
Activity: 15
Merit: 0
I already pay with crypto for food ordering or wherever I am able to. And I also get my salery in eth, so yes. I live in a mixture of crypto and fiat. Hopefully the crypto-share of my financials will raise over time Smiley
member
Activity: 420
Merit: 19
Why not? Actually I am already considering as my currency, I may not using it in some things since some people and business are not yet accepting bitcoin here in our country but once I knew something that they are accepting it then I am using it, as in that way I am helping bitcoin to promote.

I would love to save this currency as like everyone does here. To be frank, i will to earn more bitcoin than my local currency. At the same time spend my own local currency for any expense than bitcoin. I have been here in this community for more than an year. The journey taught me that bitcoin is the best asset one can have at this situation. So targeted to earn more Bitcoin and other crypto currencies.
hero member
Activity: 2730
Merit: 632
Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.
Imagine what will happen if bitcoin is recognized as the main currency, rather difficult. I can not even imagine how commercial structures will report to the tax service if the price of bitcoin is constantly changing. The binding to stable normal currencies will have to be done in any case. However, it will be very difficult to prove the income and expenses. The planning of the country's economy in general and the subsequent implementation of the budget will be very difficult, if at all possible. I would not want to participate in such an experiment.
There would really be lots of sectors would be mainly affected if we do talk about bitcoin as a prime currency when we are pertaining on general means or as a whole but yet we are just talking about ourselves on how we do treat it then i would say it would always stand next to my local fiat holdings which bitcoin is a currency and also serves as an investment which i do end up on saving it rather than on spending it into useless things.
full member
Activity: 1344
Merit: 110
SOL.BIOKRIPT.COM
I think most of us here are, we want Bitcoin to be at the surface and be used as the primary currrency not only in the internet but in the whole world. Let us make it happen, fully recognize by the people, let us not stop supporting it. Imagine where we are if this comes through, we might get our lambo's too like the one who got it first.
legendary
Activity: 1372
Merit: 1123
Can I imagine it? I'm living it. It is sincerely not that far fetched of an idea to accomplish. Bitcoin is extremely liquid and valuable, there's no reason why you cannot use it as your primary currency. The entire point of Bitcoin since it's genesis has been to be a feasible replacement for the regular fiat currencies. Reserve currencies and centralization is one of the primary foundational principles of Bitcoin. If you cannot imagine or implement Bitcoin as your primary currency then you are doing Bitcoin wrong.
newbie
Activity: 60
Merit: 0
Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.
I imagine that. but there are many reasons with this especially in the use of shopping still use fiat money for transactions.
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
Of course I can. It in fact is my prime currency as most of my wealth is in BTC and other cryptos right now. I'm not transacting every day because I'm still forced to use fiat by all the institutions around me that don't even know what a cryptocurrency is, but hopefully it will change in the near future.
My parents couldn't imagine plastic cards as their main form of payment and here they are.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
It doesn't really matter what my currency is, it's what everyone else's is. It's no use to me if no one else will take it off me.

But, as of right now if I had something of mine I wanted to sell I would certainly prefer to accept Bitcoin for it, though where I'm at converting it to the money everyone else wants is still a pain up the arse so I couldn't do it if it was to meet some pressing bills.
sr. member
Activity: 1246
Merit: 255
It can be, but may take time
Bitcoin has the potential of becoming a prime currency to the universe.
The more countries accept and supports it, the quicker it achieve it. It will soon turn the world currency around.
sr. member
Activity: 1150
Merit: 260
☆Gaget-Pack☆
Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.
Maybe not Bitcoin per say, but definitely something similar and a bit more stable on the market side. I like the idea of keeping the technology of the blockchain, but hopefully a suitable replacement will be created to surpass Bitcoin in every way. All we can do now is to wait and see.
full member
Activity: 406
Merit: 100
BAILOUT
Everyone imagines that but not because bitcoin is a good currency, rather it has risen a lot so far, so people want to exchange their prime currency usd for bitcoin as they want more prime currency  Undecided
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