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Topic: Is The Bitcoin Become New Money In The World (Read 1452 times)

full member
Activity: 280
Merit: 100
October 25, 2017, 03:34:51 PM
#90
actually bitcoin is money since it is recognize and trusted currency but the difference is that it is a digital currency, there are a lot of speculation that bitcoin will replace fiat but i don't believe that simply because fiat is the basis of all the monetary value in this planet.
full member
Activity: 350
Merit: 105
I guess yes! Bitcoin will be known one day. We are living in new era so we update our fiat money to digital currency.
member
Activity: 121
Merit: 10
no, it is not. Bitcoin is becoming a new form of investment and in the future, bitcoin will replace gold and become digital gold or we can call it gold 2.0. The main reason is that the price of bitcoin is so high and no one willing to spend bitcoin in these time. They just want to earn profit from bitcoin
hero member
Activity: 1624
Merit: 500
If I think personally about bitcoin, to replace the world currency, it could happen, where all countries to buy everything using dollar currency, when the dollar is replaced with bitcoin, most likely all countries will receive bitcoin and probably will use bitcoin for the construction of an imprastructure of a country and to facilitate their financial interests ...
full member
Activity: 213
Merit: 100

Yes, it seems to me that in the near future digital currencies will replace fiat money. Because they are more promising, easy to use, have anonymity and small prices for translations.
sr. member
Activity: 264
Merit: 250
Bitcoin is the current requirement of today generation...it will be greatfull if all the country have bitcoin as there legal tender....
I think that is very much expected in future that bitcoin will be use as legal currency throghout the world. All the countires have to accept bitcoin as legal currency, becaseu it is the need of the day. the yound generation are mostly giving preference to bitcoin as compare to fait currency and i think that as time pass this trend will even continue increasing from time to time.
full member
Activity: 378
Merit: 114
Bitcoin is the current requirement of today generation...it will be greatfull if all the country have bitcoin as there legal tender....
hero member
Activity: 658
Merit: 500
I also hope so, but to be accepted as a tool of exchange (money in this case) there are many aspects that must be considered by a country. Because the country itself wants to protect its people from various threats from outside, isn’t it? so it would be wise for bitcoin to remain as it is. but don’t forget, the situation might change someday. I also want to buy a new car, pay taxes, or other cool things using bitcoin.
full member
Activity: 308
Merit: 100
For me bitcoin is far from being a money, yes you can buy anything you want using bitcoin if the shop or sellers accept it as a payment but the high transaction fee makes you just convert it to fiat and use it as a payment. I think of it more as an asset that is great for both short and long term investment than use it as a money.
newbie
Activity: 14
Merit: 0
I hope that maybe be more than money many people have dream the bitcoin take the place of gold
member
Activity: 364
Merit: 16
https://crowdsale.network
I hope the Bitcoin becomes the new  money in the world, like you said we can buy clothes with bitcoin, pay tax with bitcoin and buy house and car with bitcoin, actually there are many countries accept bitcoin, but some ban this bitcoin like china. So it depends on what you think, if you thing it is great then you can keep it, otherwise, don't touch this thing.

True, we can buy clothes, pay taxes and buy houses and cars with bitcoin. But currently, most, not all of the companies in these industries don't directly accept bitcoin. We mostly only pay through a third party, then that third party will pay these industry companies with fiat. It's pretty much just like selling our bitcoin for fiat and then paying these industry companies. Just slightly easier as we have a 3rd party to do it for us.

I hope the day that we directly pay people bitcoin isn't too far from present.

I agree.  The more company accepting bitcoin as mode of payment, the better of us holding bitcoins.  Let's hope these companies will realize in the near future that their company will gain if they accept bitcoins.
full member
Activity: 251
Merit: 101
Bitgesell (BGL) Decentralized Cryptocurrency!
If government thinking is already open about btc and many major countries legalizing crypto currency is sure to happen  Cheesy
legendary
Activity: 1512
Merit: 1010
ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀
It's more than money. Bitcoin's unique features make it allot better for the users. Simple and easy transactions, you can send to anywhere in the world. I just feel that everyone will start using it soon
legendary
Activity: 1400
Merit: 1001
Undeads.com - P2E Runner Game
unlike the money used as a tool of exchange, Bitcoin is an asset and can be a currency exchange, like gold and silver long time ago. exchange rate is not its main function, but a commodity that covers many things.
Bitcoin will never be an official 'money' used worldwide and don’t expect it to happen because it has some limitations that can’t be eliminated.
hero member
Activity: 535
Merit: 500
oh hi Google Translate users!
and this time to wake up..not only them..we all the same....
What will you do?
Bitcoin has been a 'money' since it was created, do you don’t know about it?
so if the most community will be reach , the control will be down
so do you mean the good news about Bitcoin should be massively spreaded and constantly crammed onto the public?

member
Activity: 60
Merit: 10
It is difficult to say whether bitcoin and crypto currency can completely replace paper money and become the only currency, but it has all the chances to coexist on a par with the money we are accustomed to. We live in an era of digital technology, and e-currency - is necessary for the greatest convenience. I think that in the near future we will all be able to understand whether bitcoin will be a full-fledged global currency.
hero member
Activity: 884
Merit: 500
Isn’t Bitcoin already been a money since it was created by Satoshi Nakamoto? and what’s the relation of the title and the content of the post? and what are you trying to talk about in this post? because I am a bit confused to read your sentence and your grammar
member
Activity: 224
Merit: 10
Not the brand new but for some people it is new currency because they are newly joined bitcoin forum. There are hundreds of crypto currencies which are using daily and they are trading on daily basis So in the rate of bitcoin and its comparison with other currencies you will find bitcoin is the most reliable and easily traded currency and it has a value in the market. For a bright future we must earn the bitcoin valuable currency to have with us.
sr. member
Activity: 674
Merit: 250
Bitcoin is an interesting economics project playing out in real life. Everything is connected through Bitcoin, so there is no comparison here at all, it became new money in the world.
member
Activity: 112
Merit: 10
In some countries, bitcoin is seen as a new kind of money but just a few country accept it. All most countries remain not accept it and judge it as a illegal money and anyone who do bitcoin stuff can be seen as criminals, it is really sad. I hope in future bitcoin will be legal and accepted by goverment as a new kind of money, everybody can do shopping with bitcoin like buying clothes, pay tax or everything can be paid with normal money
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