Topic: Cryptocurrency - page 8. (Read 3524 times)
Cryptocurrency is a digital currency designed to act as a means of exchange. It uses cryptography to secure and verify transactions that now have a lot of cryptocurrency
Cryptoncurrency is the new trend of economic of the world.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
I am believe that will happen in next 5 years. Bitcoin and cryptocurrency obstacle right now is on government regulation. Most advance country already accepting bitcoin for payment and i am believe it will spread in near future and adoption on cryptocurrency will happen
There is stock market for that even the most popular devices are now into stock market every company had that. Cryptocurrency is for online users and it can be accessed by everyone unlike stock market sometimes you need a stock broker in able to trade in that and sometimes you will need an advice from professional unlike in bitcoin there is a big chance to get increased.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
Taking a deeper concentration on this discussion, what is happening to Cryptocurrency on the world's market stage?
Cryptocurrency” is being fuelled by the likes of two renown Chicago exchanges offering cryptocurrency futures and also Cantor Fitzgerald jumping on the bandwagon. Money can be converted into bitcoin at ATMs on street corners in New York and London. Microsoft has accepted Bitcoin for game purchases through Xbox. Surf Air, a frequent-flier airline servicing passengers in Europe, California and Texas, now accepts payments via bitcoins and ethereum. Overstock accepts more than 40 types of cryptocurrencies.
All these are big news to propell the industry into the next big thing.
Additionally, Crypto-currency has the full support of Technology, and in this generation of ours, Technology drives the world. The world always crave for development and people are working every tirelessly to solve this. So, I see crypto as the future of the world's Financial sector, the future the world's exchange market awaits. Gone are the days where goods were exchange for goods, before we started using physical Currencies in exchange for goods and services, that's development, and Crypto-currency is making such big steps too, sooner or later.
I can even boldly say, every contributor to the crypto Industry, is creating an historical impact the future world awaits to surf.
I can even boldly say, every contributor to the crypto Industry, is creating an historical impact the future world awaits to surf.
In some months, the market will rise again and the bitcoins will be high again. It is a good strategy to buy when products are losing their value. This is what is happening to cryptos now. I believe that in the future they will be very important. Now, some people are afraid to invest in virtual money. It is totally normal because they do not know what will happen to the cryptos. However, I am sure that virtual money will change our society. The internet and social networks changed our lives. The next major change to happen in our generation is virtual money. Our society will be even better and wealthier with cryptocurrency.
For a crypto enthusiast like me, the verb "can" will make me resolve to saying Yes it can!!. Apart from being a crypto enthusiast, I stay positive beyond all odds. Moreover, anything is possible. We've seen many sides of Crypto-currency, the ups and downs also the reds and greens. It's not new that a lot of potentials are embedded in crypto. Infact, one major reason many people are still head strong with crypto, is because of what it has been like and what it could be/do.
So, Yes, Cryptocurrency can. It some countries it already has and that is the first step to going global.
So, Yes, Cryptocurrency can. It some countries it already has and that is the first step to going global.
We know that Bitcoin can be a legitimate global payment instrument if all countries agree and legalize bitcoin. currently, transactions that use Bitcoin can only be done by a group of people or sellers and buyers who agree to use crypto for payment instruments, so without involving the government in transacting. so the risks are held by their own.
Cryptocurrency consists of 2 words, crypto which means secret and currency which means money. Simply put, we can interpret cryptocurrency as a virtual currency technology which uses cryptographic systems to secure transactions. Unlike currencies that we use every day, cryptocurrency has no physical form because it is in a virtual world and is digital.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
For my own opinion, cryptocurrency is something that is digital off. It can be universal means of exchange if all countries across a globe will accept it, and also the establishments. A means of support is a huge factor that can contribute to acceptance of cryptocurrency. Physical money is something that off, cause again it is digital.
Maybe it can happen, although it is less likely. Given that not all countries fully support the existence of bitcoin.
So, we just wait for the fate of bitcoin in the future.
So, we just wait for the fate of bitcoin in the future.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
It feels more daily that Bitcoin is going to fail in near future and we all gonna return to our previous work places where everybody was making fun of us, saying that those were the Interiors of cryptocurrency, what a fools.No it will not, most of the crypto analyst are positive about the market price this year and it could actually reach $50k dollars before the year ends so keep on holding your coins.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
Let's speculate. States can allow the circulation of decentralized crypto currency in their territory in parallel with their national money. The state will not support this crypto currency, because it is not interested in it because of its uncontrollability and high volatility. For the same reason, states are unlikely to use it widely in calculations between themselves. Decentralized crypto currency will be predominantly used by citizens. And now how to install. will they use the crypto currency as a global means of payment? It's possible to happen but not now. We need more time and wait until people start realise the benefit of using bitcoin. Once bitcoin become popular, people around the world will use bitcoin and when it happens maybe we can see bitcoin as a currency and has a physical money on bitcoin.
I also look forward to the future of electronic money will be more and more friendly to the community. There will be new opportunities for exchanges and economic development. Helping people to live better, especially to replace all activities, sales and transactions. That is very likely to happen in the future. In some months, the market will rise again and the bitcoins will be high again. It is a good strategy to buy when products are losing their value. This is what is happening to cryptos now. I believe that in the future they will be very important. Now, some people are afraid to invest in virtual money. It is totally normal because they do not know what will happen to the cryptos. However, I am sure that virtual money will change our society. The internet and social networks changed our lives. The next major change to happen in our generation is virtual money. Our society will be even better and wealthier with cryptocurrency.
I think that it is possible, why not? but time is needed for this! I am sure that crypto will be used successfully as the general means and all of us will benefit from this. To my mind, this is obvious that potential is great
Maybe it will takes time, it needs a solid system that can protect from misconduct behaviour, but if we see currency in exchange system is actually based on trust between two parties, cryptocurrencies could be the future "money", because trust in fiat money is decided by one party, the bank, but in crypto a lot of "people" decide wether your account is legit or not, and i think that would be the main concept in the future.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
It feels more daily that Bitcoin is going to fail in near future and we all gonna return to our previous work places where everybody was making fun of us, saying that those were the Interiors of cryptocurrency, what a fools. 
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
I would say differently what you are talking about. This is called an asset that can be purchased for Fiat money and can be stored for our future time with you. As a means of payment, then here comes another coin bitcoin cash. And the Commission is small and the speed of transfers is high.
Jump to: