is it possible? - page 18. | Bitcointalksearch.org

Hamphser

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Quote from: orions.belt19 on September 11, 2017, 08:58:49 AM

Quote from: Kaller on September 06, 2017, 01:17:18 AM

Quote from: cafucafucafu on September 01, 2017, 08:09:50 PM

Quote from: wawan99 on September 01, 2017, 05:53:24 PM

Can bitcoin be the world's currency?

By world currency I am assuming you mean currencies that can be used by everyone in the world, without translating that currency to that country's native fiat currency.

I don't think Bitcoin will become this though, too many problems such as high transaction fees, but other altcoins might have a chance of this.

Anything is possible, but we still have a LONG ways to go if Bitcoin is to become used by everyone. Still today 99% or more of people do not know what it is.

It's possible if technological advancements were made and the countries adopted it. The problems it has now may be solved in the near future and as of now, a lot of countries are starting to accept Bitcoin and cryptocurrencies.

It would be cool though if it were. It would provide convenience for the travellers, because they won't go through the hassle of having to exchange their fiat money to the local currency of the country which they'll visit and lose a lot of money through the taxes. Also, Bitcoin would allow easy and fast transactions along with the convenience of not having to carry it around. As of now, Bitcoin may look far from becoming the world's currency but it may be possible given the circumstances at hand.

If you do see on those aspect you would able to say that bitcoin would really be considered on those sectors but thinking off that all things should really be regulated and knowing bitcoin its a decentralized thing and making it as a main currency.I would say its really an impossible thing to happen.No matter how bitcoin would progress or be successful it would really just still remain on its place on where its just a new way payment system and wont really replaced any strong local fiat currencies on any country.

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Quote from: wawan99 on September 01, 2017, 05:53:24 PM

Can bitcoin be the world's currency?

i think it imposible , there must be approval from all countries around the world so bitcoin can be made in the world currency ..

orions.belt19

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Quote from: Kaller on September 06, 2017, 01:17:18 AM

Quote from: cafucafucafu on September 01, 2017, 08:09:50 PM

Quote from: wawan99 on September 01, 2017, 05:53:24 PM

Can bitcoin be the world's currency?

By world currency I am assuming you mean currencies that can be used by everyone in the world, without translating that currency to that country's native fiat currency.

I don't think Bitcoin will become this though, too many problems such as high transaction fees, but other altcoins might have a chance of this.

Anything is possible, but we still have a LONG ways to go if Bitcoin is to become used by everyone. Still today 99% or more of people do not know what it is.

It's possible if technological advancements were made and the countries adopted it. The problems it has now may be solved in the near future and as of now, a lot of countries are starting to accept Bitcoin and cryptocurrencies.

It would be cool though if it were. It would provide convenience for the travellers, because they won't go through the hassle of having to exchange their fiat money to the local currency of the country which they'll visit and lose a lot of money through the taxes. Also, Bitcoin would allow easy and fast transactions along with the convenience of not having to carry it around. As of now, Bitcoin may look far from becoming the world's currency but it may be possible given the circumstances at hand.

carriebee

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Bitcoin has spreading worldwide that is become popular. Though we can't predict the future but for now it's not possible that bitcoin can be the world's currency. Because bitcoin is used as digital currency and still main currency is the fiat. It is volatile that it's not easy to be used as world's currency.

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I can't say it's not possible but for that to happen, bitcoin should be accessible throughout the world provided with a system and internet connection to be used by the most complex to simplest business or services which is very unlikely to happen specially in third world countries.

Dart18

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On the internet it will be. But with the recent bans in different countries this is now going to be impossible.
I thought before nothing can stop bitcoin but now they have find a way to do it.
But I have still one question in my mind. If they ban the bitcoin in one country, what agency of the government is tracing the bitcoin movement inside or outside their country. Can they really know that?

silver23

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I think it is still not possible because bitcoin is free and not controlled by a particular institution

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Quote from: wawan99 on September 01, 2017, 05:53:24 PM

Can bitcoin be the world's currency?

It's quite impossible but tomorrow is way unpredictable. Since the whole world is coping up the the advancement of technology, if there's nothing wrong that will happen such as things that will make the reputation of digital currency or perhaps bitcoin, it will be possible in the future. But still, I won't say that other regular currencies will disappear in am instant, maybe it is more on dominance such that in the future, Bitcoin has potential to be a more dominant currency than fiat.

suryati

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I don't know exactly whether bitcoin can be a real currency but in my opinion for now it will be hard to make bitcoin as real currency because bitcoin price is still very fluctuating and if it will later be made a currency of course prepared the means used to make bitcoin as real currency.

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everyone does not think about how Bitcoin can grow up to now or the next few years?
I think everyone also can not explain about the existence of satoshi nakamoto and suddenly lost

I am just saying that if technology in a more sophisticated world in the future might also replace the financial system

EddyGameta

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I think it is impossible if bitcoin becomes money in the world, because it differs considerably from USD which already has unlimited stock in the world while bitcoin has 21 million stock distribution in this world but it isn’t enough for this world and it also has unstable selling price unlike USD which already has a stable price around the world

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Quote from: wawan99 on September 01, 2017, 05:53:24 PM

Can bitcoin be the world's currency?

In which world you are living , Because here in this world most of the people who are making worldwide payments are using bitcoin and saving much amount of the money ( with the savings of transaction fee ) .
So you can understand well people are using bitcoin in much amount and no chance for any other coin to get success like bitcoin because bitcoin has trust with the people more than what another coins or options have .
So don't get in doubt whether it will get success or not and use it in every field and for every purpose for which you can take advantage and ease with cryptocurrency world .
Here you can see the example of the japan where many big big services are using bitcoin payment like in hotel , airways airlines officially .

NY-city

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No, bitcoin is already too high a price and it will be a global investment for storing and multiplying money. This is an independent crypto currency that is not intended only for use as a currency.

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Is a possibility. A lot of people know about Bitcoin, included North Korea's Special delegate of the Committee on Cultural Relations

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I think its already the worlds currency because no country or no authority owns bitcoin .Even you can send money from one country to another without any barrier . even you can do any international transaction using bitcoin without any limitation what else you need to b bitcoin as world currency.

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No, it is unlikely it will become it. Not impossible... it could evolve, become faster, more widely known and reach to that point. But most likely will stay as it is and keep being a very good store of value.

Blitzboy

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It is currently world's currency, dude. Many people from many places are using bitcoin for many purposes. They use bitcoin in the deepweb, they use bitcoin to buy goods and buy games on steam. They hold their bitcoin for future profit. And you can take your bitcoin to any place you want and you can easily exchange it to local currency without any troubles

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It depends on what you mean by "world currency".
Well, if you mean is that it will be used world wild, so the answer is yes, it's really possible since Bitcoin now is widely known and can be used to purchase anything. So, you can say BTC is the world currency.
In the other hand, if you mean that Bitcoin will be recognized by governments, I think that is really hard since governments will never approve to deal with something they can't monitor and control.
I think we can say that Bitcoin is the "un-official world currency".

jilani

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I think its so much difficult because still now there are many countries not legal in Bitcoin.So its i think impossible and its my personal opinion.

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Quote from: wawan99 on September 01, 2017, 05:53:24 PM

Can bitcoin be the world's currency?

I think with the growing popularity Bitcoin has all the chances to become the global cryptocurrency, though there still is the risk of its security and stability.

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