Topic: is it possible? - page 6. (Read 5945 times)
in my own knowledge, its impossible that bitcoin will be the world currency. it give us a huge income at there price, but still bitcoin is a digital currency for us. you need some trading market site to convert it in our own money.
I dont see that happening at all especially since some countries have outright banned bitcoin.
bitcoin is a very unique and interesting hold of value, but because of its versatility other countries will see it as competing with their own currency and like mentioned above have banned it.
I can see the value of bitcoin going up and peaking around when the last bitcoins are mined. What happens to its value at that time depends on its popularity compared to other alt coins and the alt coin market altogether
bitcoin is a very unique and interesting hold of value, but because of its versatility other countries will see it as competing with their own currency and like mentioned above have banned it.
I can see the value of bitcoin going up and peaking around when the last bitcoins are mined. What happens to its value at that time depends on its popularity compared to other alt coins and the alt coin market altogether
There is a chance for being a medium of world currency but never as a world currency.Bitcoin is a digital currency which fluctuating it's price every single minute , so this kind of digital currency can't be act as a world currency.
Personally, my opinion - of course, will be able to do it all because computer equipment and the Internet are increasingly entering our life and the use of electronic money should soon almost completely replace paper, which also need to be printed. And with such a powerful safety of electronic money as the military technical cooperation does not exist anywhere.
I don't think so because government will not allow this to happen
Maybe right now the Government are still hesitating about it, but the right time will come and the Government will make bitcoin the world's currency that we are going to use. I don't care actually because I don't have any complaints about using fiat, it is just fine how things are working, so I'm in the neutral position on making bitcoin as the world currency.
I hope in the future bitcoin won't be hacked
A world currency need to have a great stability and bitcoin cannot give that. It is decentralized and can also be used for illegal purposes. Bitcoin today is just a form of investment, a material for trading, an asset. It is hard to change the way many people see bitcoin because of its characteristics especially the high price increase rate, the volatility, which is a characteristic of a coin that is suitable for profitable purposes, trading and investments.
I don't think so because government will not allow this to happen
yes but in my speculation theres a chance in the future bitcoin can change fiat because of its high value now adays. I think in my opinion if bitcoin didn't hide identity of any transaction of person maybe theres a possibility that goverment allow bitcoin to replace fiat or maybe some neither country accepts also bitcoin. even before when the time bitcoin value surpass the value of gold. But sad to say bitcoin has a lot of bad things happened thats why some of the country decline bitcoin. Can bitcoin be the world's currency?
Hi wawan99, in my point of view, there is a little chance of a possibility that bitcoin could be the world currency due to different countries laws and regulation regarding the cryptocurrency. If I'm not mistaken, seven countries prohibit our popular bitcoin. But even lifted; the government is still hesitant to promote or support the use of bitcoin which will ultimately block its way to be the world currency. However, given the fact that in ancient times people use gold as currency and as we can see today people use fiat money that makes us definitely to think that bitcoin could do the same. 
Can bitcoin be the world's currency?
In our generation, I guess it is impossible but in the next generation, there will be no doubt. I said so, because, in our generation, technology, specifically the internet is still on the process of conquering to reach all over the world. There are still areas here in the Philippines specially the provinces where there is no internet connection. So, how can bitcoin become world currency while we know that it is a crypto currencies. But I believe that what we have planted now in the bitcoin world and how we support bitcoin will be reaped by the next generation where bitcoin will be the world's currency. 
I don't think that this is possible...as said above, the government won't allow this...and it seems to me that it is not convenient for everyon...it is necessary to use the moment now, the future is not known to us...and there can be many options with a cryptocurrency
Nope, adopting a super currency like bitcoin while replacing anything else wouldn't work as different countries have it's own currency that represents their value and identity as well. Replacing them would bring harm - small countries would die. It's better to treat BTC like 'Internet money' like how Japan announced them as, if you are thinking bitcoin would worth millions each that would be naive and it wouldn't reach that status as long people are treating them as investment rather than fiats. It's still far for bitcoin to be accepted for trade throughout the world as the main economies are still tied closely with fiat pairs.
Bitcoin being the world currency is possible, if the entire governments around the globe understand the goodness that's incorporated into bitcoin. Now this has been described as an universal currency as it can be converted to any fiat. So, the change had got initiated and if this continues can expect bitcoin to be world currency.
Can bitcoin be the world's currency?
Not sure about this but for me it will not happen. Btc can be used as a currency when purchasing or transacting online but it cannot be the world's currency. That will be kind of complicated you know. We are so far from that to happen. And let's not forget the government who will never let this happen for sure. And not to mention the banks!
Can bitcoin be the world's currency?
Currently not, but it has a possibility. On my opinion, bitcoin is now currently a world currency since we are exchanging in bitcoins. We use bitcoin as a mode of payment here. But still, it is not yet accepted by the majority given its predicament. We can think of it as a currency for a certain lobby or we could say the main in a game, where players are from different countries gather.
I don't think so because government will not allow this to happen
Can bitcoin be the world's currency?
I don't think so. First of all, there are lots of currencies from different countries. Also, it is not yet even recognized and legal to most of the countries. And knowing that it is decentralized, i highly doubt that it will be the world's currency. I am thinking that it will coexist with regular currencies in the future but won't be the only currency to be used because that's really impossible for the world to have only one currency. Can bitcoin be the world's currency?
Maybe but i think it will take years or maybe a century to make this happen because for now the whole world is not ready of this type of transaction in which all the people will need to learn the digital technologies and computer literacy so that they could do digital transactions in which vital for the digital currencies. Most nations specially the 3rd world countries are cant afford to pay such education and technology advancement for their use as we know technologies are always for sell if a certain country will going to learn such advancement.
Can bitcoin be the world's currency?
For me, bitcoin is a currency. But it will not become the world's currency, because I am sure that the government will not approve to become bitcoin a world's currency. Because bitcoin is an online currency or digital currency, it cannot touch by your hands only your online account (online wallet) can touch it. As long as bitcoin is TAX FREE the government will never approve to become it as the world's currency.
Can bitcoin be the world's currency?
I thought yes because when you research some of information someday you the cryptocurrency was declare one world currency which is we didnt use any hard copy money or any country money was remove and it change the cryptocurrency to be come a one world currency and every country using this kind of coins.
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