Pages:
Author

Topic: is it possible? - page 7. (Read 5945 times)

full member
Activity: 168
Merit: 100
November 08, 2017, 07:43:05 AM
Can bitcoin be the world's currency?
Possible but something it is very difficult at this moment.There are many debates about Bitcoin is legal or illegal i know it is not legal for all countries only some countries have got legitimacy my idea as much.
full member
Activity: 182
Merit: 100
November 08, 2017, 07:40:26 AM
Can bitcoin be the world's currency?

No. I dont think that bitcoin can really to be world currency.
Bitcoin has big power i know, but its not enough to make it as the world currency.
sr. member
Activity: 700
Merit: 250
November 08, 2017, 07:35:29 AM
Can bitcoin be the world's currency?
I think it is a big yes, bitcoin can be a world's currency because of its value and because of its popularity and everyone wants to use it just like me.

in my opinion, it could be bitcoin into world currency. but bitcoins have to face obstacles in the past as world currencies.
full member
Activity: 266
Merit: 101
The Experience Layer of the Decentralized Internet
November 08, 2017, 07:30:38 AM
Not in the near future
We've been using fiat for a lot of decades, it is surely tough to beat
The other problem is bitcoin cannot be reissued unlike fiat, it will be to damn expensive as world population grows
newbie
Activity: 15
Merit: 0
November 08, 2017, 07:06:35 AM
No absolutely not.
There will be always some people to oppose this .
Also what about other crypto currency ?
Like dash which is way more advanced than bitcoin if you see the technical side.
hero member
Activity: 770
Merit: 505
November 08, 2017, 06:35:31 AM
Can bitcoin be the world's currency?

It think not because the total number of coin is capped and it would have a hard time supplying it worlwide though I believe that there is a great possibility for bitcoin to be the main currency used worlwide in every internet transactions and most services. Each world's currencies has history backing it up and it carries its national identity in the market and economy status which I think is another barrier if bitcoins was to be classified as a world currency unless every nations become one then maybe it may really happen in the future.
It can be possible only when all countries legalize it and provide a stable connection of internet to the far flung areas of their land, educate people about bitcoin and let their institutions and restaurants and shops to accept in bitcoin, though bitcoin is easy to be transferred gives quick and high results but internet provision is necessary for all this.

With its popularity and use the problem of internet will also be solved and then its golden era will begin in which bitcoin will lead all other currencies
newbie
Activity: 42
Merit: 0
November 05, 2017, 10:46:10 AM
I don't believe that it will be the main source of money, but it can be among the top ones.
sr. member
Activity: 364
Merit: 250
November 05, 2017, 10:40:00 AM
Can bitcoin be the world's currency?

I believe so. Actually if you haven't noticed yet, btc can be considered a world's currency already. Wherever you are in the world it can be accepted by people who knows it and is also investing/trading in it. If you have bitcoins there's no need to worry wherever you go especially in a place that it is widely accepted. You don't have to go to a money exchange if you are in a different country that only accepts their own currency. It's only a matter of time for it to be officially considered as world's currency. But don't be confused here. My statements are solely for btc acceptance globally and not to replace any currency because that will really take too long to happen.
full member
Activity: 319
Merit: 100
November 05, 2017, 10:19:16 AM
Can bitcoin be the world's currency?
I think it is a big yes, bitcoin can be a world's currency because of its value and because of its popularity and everyone wants to use it just like me.
member
Activity: 266
Merit: 10
November 05, 2017, 09:52:22 AM
I think it would be very hard for Bitcoin to become the world's currency if it was not corrected. The adjustment here is the decentralization, if you keep the essence of it, almost no one will be able to control or manage it. Since then the social evils are increasing, the economy is in serious crisis. So it may be a revolution to re-adjust Bitcoin or create a new digital signature that replaces it completely.
That is probably inevitable. But with the digital age of today, the BTC becomes a world currency is entirely possible.
full member
Activity: 232
Merit: 100
November 05, 2017, 09:48:39 AM
I think it would be very hard for Bitcoin to become the world's currency if it was not corrected. The adjustment here is the decentralization, if you keep the essence of it, almost no one will be able to control or manage it. Since then the social evils are increasing, the economy is in serious crisis. So it may be a revolution to re-adjust Bitcoin or create a new digital signature that replaces it completely.
legendary
Activity: 2576
Merit: 1043
Need A Campaign Manager? | Contact Little_Mouse
November 05, 2017, 09:41:47 AM
For me it is a NO because bitcoin has only a 21 million supply and it will not be enough to use by all the people around the world. Unlike fiat money that you can produce anytime you like, if bitcoin reached the 21M its the limit. Another problem is the slow transaction. Some transactions if not all are too slow sometimes it takes many hour or days.
full member
Activity: 574
Merit: 100
November 05, 2017, 07:51:31 AM
Can bitcoin be the world's currency?

It think not because the total number of coin is capped and it would have a hard time supplying it worlwide though I believe that there is a great possibility for bitcoin to be the main currency used worlwide in every internet transactions and most services. Each world's currencies has history backing it up and it carries its national identity in the market and economy status which I think is another barrier if bitcoins was to be classified as a world currency unless every nations become one then maybe it may really happen in the future.
sr. member
Activity: 518
Merit: 250
November 05, 2017, 07:23:38 AM
it already is, however only between geeks and crypto-lovers.
full member
Activity: 296
Merit: 100
November 05, 2017, 07:20:49 AM
It is possible that Bitcoin has become a global currency which in turn drives many other global Cryptocurrencies.
Until then, Bitcoin will most likely continue to point the way to a new world of personal finance and trade.
full member
Activity: 140
Merit: 100
November 04, 2017, 09:28:33 AM

Yes, It is possible the bitcoin currency become global currency but  I think its never replace the FIAT as the primary currency of a country. There's still a lot of development/improvement and problem that must be done using bitcoin like its volatility,technology,safety and forks problem and long bitcoin processing time.
sr. member
Activity: 438
Merit: 250
November 04, 2017, 09:21:29 AM
Any economy moves with inflation, money is constantly getting cheaper and this makes people spend it, and bitcoin will stagnate into the economy, and it's even worse, people will not just waste bitcoins because they always go up, it's not clear how the balance will be found Huh
full member
Activity: 364
Merit: 100
November 01, 2017, 05:48:36 PM
bitcoin can be the world's currency, as bitcoin users continue to grow so that the price increase is very high, and the more countries that legalize bitcoin, in the future bitcoin could become the world's currency
full member
Activity: 1092
Merit: 117
November 01, 2017, 05:40:26 PM
Impossible.
In order that something to become worlds currency it has to be a new technology and a great thing with many advantages. Bitcoin is not even close to that. Money are so easy to spend, you can spend it absolutely anywhere and there is no fee for using money. I think money its just something you cannot replace because they are used since year 500 and there are so many in the whole world.
sr. member
Activity: 490
Merit: 250
November 01, 2017, 10:09:59 AM
No i guess.i mean maybe it will get the accptance but i dnt think everyone will like it and accept it as the worlds currency just like dollar.i dnt know actually.maybe it can possible

In the world of Bitcoins everything is possible. This is a strange phenomenon, but I think it is still possible. If you are not sure, do not ever trust anyone else because there are many people who want to use you.
Pages:
Jump to: