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ruthbabe

sr. member

Activity: 966

Merit: 275

Quote from: costanos02 on April 17, 2018, 07:51:40 AM

I believed also that sooner or later bitcoin would be legal in the type of transaction, as a matter of fact there are some big companies who already accepted bitcoins, and i can say that they are the leading model for the better future of bitcoin.

Actually, the use of Bitcoin in almost 70 countries is legal and to name a few these are Norway, Poland, Singapore, Slovenia, South Korea, Spain, Switzerland, Sweden, Turkey, United Kingdom, United States, Australia, Belgium, Brazil, Canada, Colombia, Croatia, Czech Republic, Cyprus, Denmark, France, Germany, Hong Kong, Israel, Italy, Japan, Ukraine, New Zealand etc. Being legal in those countries people used it in any type of transactions, e.g. trading, shopping, exchanges, etc. However, for Bitcoin to become the world's leading currency I have no idea.

costanos02

jr. member

Activity: 518

Merit: 6

I believed also that sooner or later bitcoin would be legal in the type of transaction, as a matter of fact there are some big companies who already accepted bitcoins, and i can say that they are the leading model for the better future of bitcoin.

coinholic

full member

Activity: 518

Merit: 101

Quote from: TheTichman on April 15, 2018, 08:37:08 PM

I feel like even though the price of Bitcoin has been on the down fall I feel like Bitcoin is so close to becoming the worlds leading currency. I can see it, however I feel like it takes some kind of major event for it to get over the hump. I know this sounds messed up, but I feel like another financial crisis would help out bitcoin make that leap and make people trust the currency more. Another thing is retailers and their acceptance of bitcoins. If Amazon, Walmart, Target etc. started to accept Bitcoin as a valid currency, the currency would become more stable and attractive to consumers. What do you guys think?

It has been foreseen that digital currencies will be the basis of economic wealth and stability in the future in lieu of gold and oil. Now we cannot absolutely confirm the accuracy of this prediction due to some current market situations. All I can say is that anything is possible. So I wouldn't be surprised if Bitcoin will indeed be the top currency in the future.

zolfa

member

Activity: 518

Merit: 11

I agree with you, bitcoin will have a good future, but to spread bitcoin to the world, we have to make a big socialization event in every country about bitcoin.

we want to straighten out the public's understanding of bitcoin, so they become aware that bitcoin has more benefits. there is no FOMO and no doubt in the public eye, we will change bad mindset them about bitcoin.

EinaiOraCoinDev

full member

Activity: 336

Merit: 100

I think, Bitcoin has now become one of the most important currencies in the world, as long as Bitcoin investors do not totally give up Bitcoin investment in bulk or Bitcoin is not completely banned all over the world. Future developments and improvements in the Bitcoinde system will help Bitcoin be considered a payment option.

pimkobai

jr. member

Activity: 196

Merit: 1

Quote from: allycn on April 16, 2018, 10:04:48 PM

Quote from: TheTichman on April 15, 2018, 08:37:08 PM

I feel like even though the price of Bitcoin has been on the down fall I feel like Bitcoin is so close to becoming the worlds leading currency. I can see it, however I feel like it takes some kind of major event for it to get over the hump. I know this sounds messed up, but I feel like another financial crisis would help out bitcoin make that leap and make people trust the currency more. Another thing is retailers and their acceptance of bitcoins. If Amazon, Walmart, Target etc. started to accept Bitcoin as a valid currency, the currency would become more stable and attractive to consumers. What do you guys think?

It would be amazing if more online vendors started accepting Bitcoin or another coin / token as an official online currency. I have read of several ICOs hoping to implement contactless payment options and integration with third-party payment services. Should these projects launch successfully, it would be a game changer for crypto currencies in general.

I think that bitcoin is not ready for now to become a currency that will be use worldwide due to restrictions from other countries where it had been ban from other countries. Another factor that bitcoin may not be considered this time as a world currency is due to it's volatility where prices of bitcoin is not yet stable.

castiloros

sr. member

Activity: 770

Merit: 250

bitcoin is very difficult if you want to set as the world currency. Moreover, there are still many rejections of bitcoin from different countries and this will make the bitcoin can be hard getting into a range of countries. that's probably one reason the basis for bitcoin it will not become a world currency.

Tasya04

newbie

Activity: 57

Merit: 0

I feel like though the price of Bitcoin has fallen down I feel like Bitcoin is very close to becoming the world's major currency.

allycn

full member

Activity: 420

Merit: 110

Quote from: TheTichman on April 15, 2018, 08:37:08 PM

I feel like even though the price of Bitcoin has been on the down fall I feel like Bitcoin is so close to becoming the worlds leading currency. I can see it, however I feel like it takes some kind of major event for it to get over the hump. I know this sounds messed up, but I feel like another financial crisis would help out bitcoin make that leap and make people trust the currency more. Another thing is retailers and their acceptance of bitcoins. If Amazon, Walmart, Target etc. started to accept Bitcoin as a valid currency, the currency would become more stable and attractive to consumers. What do you guys think?

It would be amazing if more online vendors started accepting Bitcoin or another coin / token as an official online currency. I have read of several ICOs hoping to implement contactless payment options and integration with third-party payment services. Should these projects launch successfully, it would be a game changer for crypto currencies in general.

maianh09

full member

Activity: 672

Merit: 100

Quote from: TheTichman on April 15, 2018, 08:37:08 PM

I feel like even though the price of Bitcoin has been on the down fall I feel like Bitcoin is so close to becoming the worlds leading currency. I can see it, however I feel like it takes some kind of major event for it to get over the hump. I know this sounds messed up, but I feel like another financial crisis would help out bitcoin make that leap and make people trust the currency more. Another thing is retailers and their acceptance of bitcoins. If Amazon, Walmart, Target etc. started to accept Bitcoin as a valid currency, the currency would become more stable and attractive to consumers. What do you guys think?

I am not an expert, and I do not study economics, but I can tell you that the world economy at present is very stable because of the previous economic crises. The world suite has solutions that will not happen again. Bitcoin can hardly be used as a payment solution if it does not remove criminals trying to use it for illegal transactions and countries banned from Bitcoin have to remove the ban on it.

Periodik

sr. member

Activity: 1022

Merit: 256

Quote from: TheTichman on April 15, 2018, 08:37:08 PM

I feel like even though the price of Bitcoin has been on the down fall I feel like Bitcoin is so close to becoming the worlds leading currency. I can see it, however I feel like it takes some kind of major event for it to get over the hump. I know this sounds messed up, but I feel like another financial crisis would help out bitcoin make that leap and make people trust the currency more. Another thing is retailers and their acceptance of bitcoins. If Amazon, Walmart, Target etc. started to accept Bitcoin as a valid currency, the currency would become more stable and attractive to consumers. What do you guys think?

I agree. As soon as Bitcoin will become the number one currency in the world, the price is expected to stabilize. It is good that some leasing business establishments are already accepting Bitcoin as the mode of payment. This will definitely become a model that the other business establishments will follow. I have read another thread here that Bitcoin is already the 6th top currency in the world. That is not too far from number 1. So we are already going there.

zhuiyongliang8

newbie

Activity: 210

Merit: 0

Bitcoin has a long way to go to become a global currency.

If you will be the currency compared with classical currency, the former will not be able to leave the network exists, although modern currency is increasingly digital, but as the notes of the currency symbol, at least in the short term will not die. No matter how the token pattern of money changes, it must be backed by national credit and even force.

So what bitcoin needs is more trust to be accepted by more people.

bajindul88

member

Activity: 303

Merit: 10

It could happen Dude, because in my own country there are some markets that accept payment by using Bitcoin although still a little. But I'm sure bitcoin will be accepted throughout the world following the increasingly modern and all-digital era.
I'm not sure bitcoin is the official currency of a country, but I believe bitcoin will be the world's digital money that will be used all over the world. Hopefully

Disclaimert

newbie

Activity: 266

Merit: 0

Quote from: TheTichman on April 15, 2018, 08:37:08 PM

I feel like even though the price of Bitcoin has been on the down fall I feel like Bitcoin is so close to becoming the worlds leading currency. I can see it, however I feel like it takes some kind of major event for it to get over the hump. I know this sounds messed up, but I feel like another financial crisis would help out bitcoin make that leap and make people trust the currency more. Another thing is retailers and their acceptance of bitcoins. If Amazon, Walmart, Target etc. started to accept Bitcoin as a valid currency, the currency would become more stable and attractive to consumers. What do you guys think?

I was sure of it. however bitcoin state I am now convinced that bitcoin will become the global currency that the world will recognize
although fiat currencies will never be replaced by crypto currency

FurDich

member

Activity: 208

Merit: 10

Quote from: TheTichman on April 15, 2018, 08:37:08 PM

I feel like even though the price of Bitcoin has been on the down fall I feel like Bitcoin is so close to becoming the worlds leading currency. I can see it, however I feel like it takes some kind of major event for it to get over the hump. I know this sounds messed up, but I feel like another financial crisis would help out bitcoin make that leap and make people trust the currency more. Another thing is retailers and their acceptance of bitcoins. If Amazon, Walmart, Target etc. started to accept Bitcoin as a valid currency, the currency would become more stable and attractive to consumers. What do you guys think?

Yes I agree with it is a big help and chance for the bitcoin to known to others. It will make nore people to be intrested to join bitcoin. It is like promoting bitcoin and by that many people will recognize all about bitcoin.

tikong

member

Activity: 154

Merit: 12

It is slowly getting mainstream by it's own organic way and Fiat currencies have governments backing them, governments have armies at their beck and call. Time will come, bitcoin would be a leading currency as many investors invested on it, gradually will be number and trusted leading currency.

Fire316

newbie

Activity: 281

Merit: 0

Quote from: TheTichman on April 15, 2018, 08:37:08 PM

I feel like even though the price of Bitcoin has been on the down fall I feel like Bitcoin is so close to becoming the worlds leading currency. I can see it, however I feel like it takes some kind of major event for it to get over the hump. I know this sounds messed up, but I feel like another financial crisis would help out bitcoin make that leap and make people trust the currency more. Another thing is retailers and their acceptance of bitcoins. If Amazon, Walmart, Target etc. started to accept Bitcoin as a valid currency, the currency would become more stable and attractive to consumers. What do you guys think?

Bitcoin is decentralized and impossible to become the worlds leading currency because more countries still not accepting bitcoin and you can't use bitcoin as payment in different store and company. Maybe it will become a leading digital currency which bitcoin already is. It is the king of all crypto. It will rise for sure because it has a highest value and always be valuable because a lot of people still believe and trust bitcoin. No doubt bitcoin will increase soon more than our expectation and speculations.

timerland

hero member

Activity: 1526

Merit: 596

Quote from: TheTichman on April 15, 2018, 08:37:08 PM

I feel like even though the price of Bitcoin has been on the down fall I feel like Bitcoin is so close to becoming the worlds leading currency. I can see it, however I feel like it takes some kind of major event for it to get over the hump. I know this sounds messed up, but I feel like another financial crisis would help out bitcoin make that leap and make people trust the currency more. Another thing is retailers and their acceptance of bitcoins. If Amazon, Walmart, Target etc. started to accept Bitcoin as a valid currency, the currency would become more stable and attractive to consumers. What do you guys think?

Bitcoin is still very far away from being the world's leading currency. It's not close at all, but it will become close if given enough time.

Fiat currencies are still dominating here. As high as the hyped up rallies of 2017 went, there was simply not enough actual usage of bitcoin to say that it was anywhere near being the world's leading currency. And that will not happen, unless adoption increased on a massive scale.

You're right, there needs to be way more than just a bull market for bitcoin to take that leap from being viewed as a speculative asset, to a legitimate global currency. And it's not going to be done overnight.

Retailers accepting bitcoin would indeed help stabilize the price and help push adoption, although these events will not happen overnight. Public awareness and adoption of BTC will increase slowly and gradually.

Zandra

full member

Activity: 418

Merit: 100

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Quote from: Washball on April 16, 2018, 06:07:37 PM

Bitcoin will become the world's leading currency, but it will take some time. In countries like Japan it already is an important currency and more countries will follow. And indeed, many shops are beginning to accept bitcoin as a payment.

And also there's government in many country are prohibited to used bitcoin and it will banned it.
But I believe everything's gonna be alright because bitcoin was so profitable and powerful.

ranochigo

legendary

Activity: 2982

Merit: 4193

Bitcoin cannot be known as a global currency as of yet. Even if Bitcoin does indeed grow exponentially, it is not indicative of its status as a currency. Many countries still do not recognise Bitcoin as a legal tender and it is unfair to call something a global currency if it can't be used anywhere. The adoption rate is way too low.

Even if Amazon accepts it, that would just be a single corporations and it doesn't mean everyone would use it.

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