can you imagine bitcoin as your prime currency. - page 2.

Twentyonepaylots

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Quote from: Greenkarki on May 03, 2018, 06:01:43 PM

Quote from: burner2014 on May 03, 2018, 01:44:29 PM

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.

A great news if Bitcoin will the primary currency replacing FIAT money. Better digital transaction, faster and valuable profits for investment, this are everyone dreams, to have crypto currency trading transaction globally accepted, with no worries about having a large some of money when you travel, whether locally or on international vacation or tour maybe. But, lets be realistic for the moment, the entry of Crypto currency or Bitcoin in the trading market, CHANGE the general overview of the market trading since. It was hammered by a lot of issues, like Banned,Scammer and now the persistent issue on Regulation by the government. Once this issue were address, maybe by then , we can say, the possible use of Bitcoin as primary currency.

ruski

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It is hard to consider Bitcoin as a prime currency, because its usability offline is still really limited, and also the BTC transactions need time to get confirmed, while we need fast payments for our daily needs and paying the bills. Also BTC is still not yet supported around the world by most of the countries.

Coleth

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As of the moment i cannot still comprehend due to the fact that we still are using fiat money. And many are still not familiar with it.

Rooster101

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When it comes to virtual currency, bitcoin is my main currency and I often use it it in my online transactions. Bitcoin is not yet approved as one of the legal tender here in my country but the monetary authorities allowed it for remittance purposes only or by sending money through bitcoin and claim it by cash. There are already some local online shops that accept bitcoin as one of their mode of payment but I mostly convert it to cash.

South Park

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Quote from: denny27 on May 23, 2018, 06:45:47 AM

For me personally still thinking that it's a new thing as complementary of regular currency, which serves as the complementary role in my private economic life.
I think it will only survive as an alternative currency for everyone, because of its existence that just in a cyberspace.

It will depend on your lifestyle, and in the country in which you are living, for example if you're living in Japan which is the country that has adopted cryptocurrencies at the fullest then it will be entirely possible to only use bitcoin as your main currency, but if you live in a country which has barely adopted bitcoin and the income that you get out of bitcoin is very low then at best bitcoin will be a complement to your fiat currency.

Ryanpogi

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Yes, the money is really Powerful bitcoin not only Strong yet stable. So one believes in bitcoin. Thanks ..

Cotton Candy

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Quote from: Rockyxy on May 03, 2018, 12:22:22 PM

Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.

I can imagine them and that is wonderful I am sure that the people won't be able to go from.plave to place just tp pay those things they needed to pay because in bitcoins you can do transaction all over the world using just your mobile devices or computers. The life will be convenient because you will not bring a vash in you or an atm card you just need to bring you phone and scam everything you need to pay. But still the volatility will be a problem here.

basyang

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Quote from: Rockyxy on May 03, 2018, 12:22:22 PM

Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.

I can not imagine that I am using bitcoin as a prime currency. I will definitely choose our currency its because I know that it will not be hard or making an adjustment and people in our country are capable in using our national currency. Its better that bitcoin will be as a digital currency and its also unstable and the price of its is volatility, Bitcoin is better not became as a prime currency, for sure if this things happen some people will complain and the government will have a regulation about it. And bitcoin or other cryptocurrency will have a big adjustment in the market.

Digital_Lord

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Quote from: The_Dark_Knight on May 16, 2018, 09:42:48 PM

Quote from: dollarneed on May 03, 2018, 02:48:27 PM

I imagine how long you have to wait in line at the grocery store or supermarket to check out due to long confirmation time (unless you pay a higher fee) bitcoin is really good to pay something online but in real life or paying small amount i think bitcoin isn't suited for that. But to replace something like western union yes bitcoin can do that perfectly. On the other hand, it's really hard to find a shop that accepts bitcoin as payment method due to lack of adoption.

It is true that right now bitcoin is not very suitable to pay for your groceries in a supermarket because the confirmation time is simply too long, but this could be solved once the lightning network is completely activated once that happens we will be able to use our bitcoin anywhere we want and we will get very fast confirmations and when that happens finally will see bitcoin being adopted and being used in our everyday lives.

I can imagine bitcoin as my primary and the only usable currency in the future. It will take long time for the whole world to accept and use bitcoin as their regular currency. In this day I use bitcoin just for making more and more money and not using it for my needs. The use of bitcoin is rare today but with the passage of time it will increase more.

Chint_82

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if my most important desire for now, bitcoin can be used as a tool of transactions in all areas of my life, so under no circumstances will I feel calm because I live using bitcoin for my daily needs, so do not have to complicated there and here, enough with bitcoin alone affairs smoothly, here's my wish about this bitcoin

ausbit

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Quote from: 19Nov16 on May 19, 2018, 11:08:27 AM

Of course this depends on the situation, if more places are receiving bitcoin then i would happily make bitcoin as prime currency, but unfortunately this seems difficult to happen or takes a longer time.

At the present moment, we cannot use bitcoin in true sense of currency because most of the businesses and shopkeepers are not accepting it as a payment. It is due to the government. Many states of the world are not willing to accept bitcoin as it lays a great threat to their control.

It is not possible for bitcoin rather all the crypto coins to mainstream without the help of federal authorities. That is why it is treated as an asset.

zergenyt09

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Quote from: Btcmarmipp2 on May 18, 2018, 03:13:15 AM

If you imagine bitcoin as your prime currency it would be great. No need to exchange your money in different currencies when you go to other the other countries. The conflict is that every account in bitcoin don't have information that could look up by the government if you use bitcoin in illegal transaction.

It is too early to imagine any such thing like that and that it because of the reason that it is just the beginning and that all the crypto currencies especially bitcoin needs a lot of time to make their name in the market and to get what all these crypto currencies deserve. However, there are likely chances of this thing to happen and that if it happens, then this will surely bring lot of positive changing to this world.

The_Dark_Knight

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Quote from: rainezerr on May 21, 2018, 04:09:47 PM

Quote from: Rockyxy on May 03, 2018, 12:22:22 PM

Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.

There are governments today who does not really like cryptocurrency to grow in their area and that being said , bitcoins will not be fully accepted on the community so bitcoins as a prime currency will not happen.

There are without a doubt some governments that are not going to adopt cryptocurrencies until it is very late and unfortunately for their citizens it is very likely that this is going to happen when most of the world have already adopted cryptocurrencies and that means they will not get most of the benefits, this is why countries like Japan have adopted bitcoin because they want to obtain the benefits for themselves and their citizens.

ghost424

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That would be a hard adjustment because you will be always needing internet which is scarce in some places. You will need money to purchase internet weekly or even monthly. Having Bitcoin as the prime currency will give others a hard time. Bitcoin serves as a hassle free payment that lets you pay instant and avoid long lines.

TannerChandler

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I'd really love this idea, but can not find it will be real. Since my country already banned any transactions using crypto currency. well our govenrment got the point, they have strict rules to protect our currency

amih

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if bitcoin can be used as the main currency of course, on the one hand there is a clear ease in what we will do to conduct transaction activity, especially in terms of ease and speed to be gained. but for now as we know that bitcoin prices do not have the level of stability possessed like fiat currencies in general. and this will be a problem that needs to be fixed if bitcoin can be used as the primary currency.

sampalokmix

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Investing in the future development of blockchain

Quote from: Rockyxy on May 03, 2018, 12:22:22 PM

Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.

Well Bitcoin for me its grrat it gave me reasons for me to stay and work for myself to get profit and it actually does. Bitcoin is very accessible for me, it doesnt required so much information regarding yourself amd I think that's unusual for a money rrlated platform but everything has its own cons, and I prefer not to set this as my primary currencydue to unexpected dump that may happened to my money.

Jaky

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Quote from: Rockyxy on May 03, 2018, 12:22:22 PM

Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.

Bitcoin is one of my profits provider.. nowadays Bitcoin is has a lot of speculation but I'm into the positive side of it..and still continue using Bitcoin.. it's profit helps me in my daily need..

3rrr angels

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Quote from: Ryker1 on May 23, 2018, 09:06:57 AM

Quote from: kidamazo on May 23, 2018, 06:52:00 AM

I can

But it is a bit uncomfortable to undestand and consider all those 0.0000001 btc groceries prices, lol. I want to have a Ledger for that.

Indeed, you'll really need a ledger if that happens. And also there are advantage and disadvantage if bitcoin becomes our prime currency, when the price rises you can buy a lot of things with it, but when the price gets low, you'll get less from the product that you'll buy, and also bitcoin is volatile, there will be a sudden change everyday.

If bitcoin is our main currency and if it is supported by a high speed internet connection i think our life is very comportable as we dont need to bring some cash when we going to stores.

Ryker1

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Quote from: kidamazo on May 23, 2018, 06:52:00 AM

I can

But it is a bit uncomfortable to undestand and consider all those 0.0000001 btc groceries prices, lol. I want to have a Ledger for that.

Indeed, you'll really need a ledger if that happens. And also there are advantage and disadvantage if bitcoin becomes our prime currency, when the price rises you can buy a lot of things with it, but when the price gets low, you'll get less from the product that you'll buy, and also bitcoin is volatile, there will be a sudden change everyday.

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