Topic: How does bitcoin become a currency? - page 4. (Read 2059 times)
How is that a pretty broad issue, so join the BTC for speculation about not being too fancy about them, forever forever becoming common currency.
only through a bank that has been determined for a solid payment even though the current price of gas is high and maybe this is the right time we should not use the things that are not important. 
Bitcoin is an electronic cash so it is form currency. Which can be use for transaction as a mode of payment. Buying some stuff or for paying bills. In other word btc is a currency.
I think the fact that we feel right now is Bitcoin is already a currency, this is because almost all the functions of currency can be replaced equal bitcoin, the thing that is still a lack of bitcoin is not able to be used for transactions directly like cash.
In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
I do not think that bitcoi is now a currency, I consider it an asset that can be compared to gold or silver. I think, because of its weak payment capacity per minute, the price for processing the payment and much more. I would bet on bitcoin cash, which can become the first currency of bitcoin.
In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
I do not think that bitcoi is now a currency, I consider it an asset that can be compared to gold or silver. I think, because of its weak payment capacity per minute, the price for processing the payment and much more. I would bet on bitcoin cash, which can become the first currency of bitcoin.
Bitcoins is an asset before but as soon as the market price of cryptocurrency rise up then now it was considered as currency which some online stores are accepting crypto as a payment method.
In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
I do not think that bitcoi is now a currency, I consider it an asset that can be compared to gold or silver. I think, because of its weak payment capacity per minute, the price for processing the payment and much more. I would bet on bitcoin cash, which can become the first currency of bitcoin.
In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
First of all it seems logic that bitcoin should be more stable priced in order to become a currency because it would be otherwise really hard to use it when it will have so volatile price, my country is already have a jumping good price.In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
I think that bitcoin can only become a commodity for exchanging between USD and altcoin and not be able to monetize, you can see that the amount of bitcoin in the world is very limited and if inflation happens we can not Any more bitcoin will be printed and this will gradually lead to social sluggishness and can not develop.In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
We need to try bitcoin as an alternative payment method and only then after successful start of this, we can call it a currency. Because not using the coins as a payment method after all could not be better. In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
I prefer and agree if bitcoin does not become my currency prefer it as an investment commodity like gold / silver but in digital form, and I think if bitcoin remains an investment commodity it will be very good for economic development in all countries because it will not exist FIAT currency is replaced by bitcoin
You do not understand anything, gold and silver are a form of money and for thousands of years were the dominant form of money through the world, most people have no historic memory but this experiment in which all the currencies of the world are not backed by anything and are just a fiat currency has only existed since the seventies, that is right, this experiment has been live for a very short amount of time and it is already showing signs that it will fail. In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
People can help btc now become their payment and investment. so bitcoin requests must always be in a crypto. from there that makes crypto a digital payment facility. In addition to being easy and simple, crypto also gives a very very small fee. so it is good for small or large nominal payments, and all is done in real time.
In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
First of all it seems logic that bitcoin should be more stable priced in order to become a currency because it would be otherwise really hard to use it when it will have so volatile price, my country is already have a jumping good price. In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
To me bitcoin is more valuable than fiats or bank notes, you can use same argument of intrinsic value for both, bank notes are colorfully printed stamps on paper with nothing t support it other than by a decree.bitcoin is mined, some computing power is expended at least
Initially evolved as a token that has got certain storage value. This got its major use on gambling which is quite easy compared to the fiat. As each and every activity got associated with internet the use of internet money got its importance in online gambling. This got further spreading as its usage kept on increasing, and finally got used as a currency for regular transaction needs. One that has made this happen is the blockchain technology which is to contribute big to the development.
The Bitcoin can become a currency because of it's ability to become used for everyday purchases and the high volatility of cryptocurrencies which means that it's value fluctuates much quicker than other traditional, more stable currencies.
In my own opinion, bitcoins just become a currency because the popularity already spread on the entire world and a lot of people are using cryptocurrency which makes the bitcoins to be recognized.
Bitcoin has become a currency because it can be used for exchange of goods and services.
As a norm, if something is accepted or back by a legal tender to be used as a medium of exchange, it becomes a currency. So for bitcoin to become a currency, it must be signed by some legal bodies and it would be used by those in that jurisdiction because the whole world is not ruled by one person or body. To be accepted worldwide, the different regulatory bodies must come together and sign it.
The Bitcoin can become a currency because of it's ability to become used for everyday purchases and the high volatility of cryptocurrencies which means that it's value fluctuates much quicker than other traditional, more stable currencies.
bitcoin will continue to occupy more solid positions as a supranational currency. On its side are high price and investor interest - these factors help to push legislative regulation and stimulate the development of payment services based on cryptocurrency. Bitcoin ia able to turn become a full currency, depends on when it starts accepting retail and how widely national laws will allow to implement it.
But for now, I think, bitcoin more tech then currency.
But for now, I think, bitcoin more tech then currency.
Yes i do agree on that, bitcoins will be legalized in other countries as well in the future and there are more people who will be capable of investing into cryptocurrency which means that the price of bitcoins will grow even more in the future.
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