What will be our new world currency? - page 11.

mirakal

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Quote from: arseaboy on October 30, 2016, 10:13:18 AM

Quote from: choppork on October 30, 2016, 09:54:16 AM

I'm pretty sure that most of us, people that are always on the Internet, will become global minded in the new world instead of just staying inside our comfort zone and thinking locally. We would need bitcoins at that time to transact with people worldwide. But because the majority of people aren't ready for this, I think the currency in the next decade or so will still be dollars. People just love the USA and dollars so much.

Indeed. Bitcoin will remain in the future but I believe that it may take time to be legalized and consider it as a new world currency. First it should be introduced to each country and yeah there will be a lot of debate and discussions to attend to before it reaches its goal. For now, USD will still be the top world currency.

We could dream of making bitcoin legalized but I am losing my hope to that as since we are making bitcoin increase its price, the government should have make the right move to legalize bitcoin as it has a great amount of money circulated online specifically in the crypto world, but seems I do not hear any news regarding that.

arseaboy

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Quote from: choppork on October 30, 2016, 09:54:16 AM

I'm pretty sure that most of us, people that are always on the Internet, will become global minded in the new world instead of just staying inside our comfort zone and thinking locally. We would need bitcoins at that time to transact with people worldwide. But because the majority of people aren't ready for this, I think the currency in the next decade or so will still be dollars. People just love the USA and dollars so much.

Indeed. Bitcoin will remain in the future but I believe that it may take time to be legalized and consider it as a new world currency. First it should be introduced to each country and yeah there will be a lot of debate and discussions to attend to before it reaches its goal. For now, USD will still be the top world currency.

choppork

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I'm pretty sure that most of us, people that are always on the Internet, will become global minded in the new world instead of just staying inside our comfort zone and thinking locally. We would need bitcoins at that time to transact with people worldwide. But because the majority of people aren't ready for this, I think the currency in the next decade or so will still be dollars. People just love the USA and dollars so much.

ajun96

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Quote from: HeroCat on October 21, 2016, 03:43:48 AM

World currency in long time period can be Bitcoin, especially, if many not so developed countries, like India, China etc. will implement it. For this step all countries need Internet network developing. In medium time period of course USD play its role as world currency. Do not forget that many people like paper fiat too, so all paper fiat money is more or less strong. Wink

I think it reached that level it was not easy thing you know ? bitcoin is currently not so well known and very difficult for bitcoin to be able to get the legalization of a one country ? because the government thought bitcoin is a threat to them and their currency ?

Adamsmit556

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It is easy to predict in the bitcoin forum that bitcoin is going to be the next world currency. There are so much of things going on in the world right now, like war-drumming in the middle east, strained relations between US and Russia, Brexit in Eu, volatile economy etc..
We might see a new fiat currency put into use, like some kind of Eurodollar for example.

Decrypted

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Theres a high possibility that Bitcoin is going to be the new world currency and I cant wait to see that happened

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Quote from: DeDordtenaar on October 22, 2016, 07:19:14 AM

Quote from: HeroCat on October 21, 2016, 03:43:48 AM

World currency in long time period can be Bitcoin, especially, if many not so developed countries, like India, China etc. will implement it. For this step all countries need Internet network developing. In medium time period of course USD play its role as world currency. Do not forget that many people like paper fiat too, so all paper fiat money is more or less strong. Wink

yeah I think that the internet would be a very flourishing future later possibly all financial transactions can be accessed and used online.
and you could see today that fewer and fewer people use paper money right ? people prefer to use a credit card, or debit card for shopping at supermarket

well that depends. if we're talking about how widely used these currencies are right now, it's still going to be the dollar, and I think it would be so still in the next couple of years. although digital currency is slowly gaining more popularity, when you say world currency, I think the dollar would still the basis for now.

DeDordtenaar

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Quote from: HeroCat on October 21, 2016, 03:43:48 AM

World currency in long time period can be Bitcoin, especially, if many not so developed countries, like India, China etc. will implement it. For this step all countries need Internet network developing. In medium time period of course USD play its role as world currency. Do not forget that many people like paper fiat too, so all paper fiat money is more or less strong. Wink

yeah I think that the internet would be a very flourishing future later possibly all financial transactions can be accessed and used online.
and you could see today that fewer and fewer people use paper money right ? people prefer to use a credit card, or debit card for shopping at supermarket

ekoice

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I think for the next 20 years, dollar will be the world currency.After that, it may be replaced by Euro.I wish Bitcoin should be the world currency, but it will take a lon time to happen.

danherbias07

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Without a doubt it will not be bitcoin. Let us be real here. They wont let that happen. Yes there is a UN but they dont really cooperate with each other. It is more who is the stronger everyday. More like a fight to which currencybis strong so bitcoin got no spot in that.

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Quote from: ObscureBean on October 21, 2016, 04:17:19 AM

Quote from: HeroCat on October 21, 2016, 03:43:48 AM

World currency in long time period can be Bitcoin, especially, if many not so developed countries, like India, China etc. will implement it. For this step all countries need Internet network developing. In medium time period of course USD play its role as world currency. Do not forget that many people like paper fiat too, so all paper fiat money is more or less strong. Wink

Yup I can confirm I'm one of those people that likes paper money

I'll be the first to admit that it's not efficient (in the sense that it's not practical to carry large sums around) but digital money or even plastic don't come close to the feel of a semi-thick wad of bills Grin

Plus I love the smell of new bills, plastic and digital money are so boring in that regard. Also paper money is as close as you'll ever get to true anonymity.
That doesn't mean that I'm against digital money, I just wouldn't mind having paper money around for a little longer.

And i think it will be around for quite a long time still bro. I don't think we'd be able to see it being replaced during our lifetime. People still would have a hard time adjusting if ever paper money would be replaced and a lot of things must be done first so it would a considerable amount of time if ever it will replaced by digital currencies

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Quote from: HeroCat on October 21, 2016, 03:43:48 AM

World currency in long time period can be Bitcoin, especially, if many not so developed countries, like India, China etc. will implement it. For this step all countries need Internet network developing. In medium time period of course USD play its role as world currency. Do not forget that many people like paper fiat too, so all paper fiat money is more or less strong. Wink

Yup I can confirm I'm one of those people that likes paper money

I'll be the first to admit that it's not efficient (in the sense that it's not practical to carry large sums around) but digital money or even plastic don't come close to the feel of a semi-thick wad of bills Grin

Plus I love the smell of new bills, plastic and digital money are so boring in that regard. Also paper money is as close as you'll ever get to true anonymity.
That doesn't mean that I'm against digital money, I just wouldn't mind having paper money around for a little longer.

MTBTT

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Quote from: mace15 on October 21, 2016, 03:00:27 AM

As of now, Usd is still the currency that is popular in
every country. Bitcoin is a long way to become the
new world currency, as we all know not everyone
can easily adopt bitcoin and finds hard to use bitcoin.

and it can be said that the dollar is the international currency because most international transactions in dollars and the exchange rate dolar

HeroCat

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World currency in long time period can be Bitcoin, especially, if many not so developed countries, like India, China etc. will implement it. For this step all countries need Internet network developing. In medium time period of course USD play its role as world currency. Do not forget that many people like paper fiat too, so all paper fiat money is more or less strong. Wink

mace15

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As of now, Usd is still the currency that is popular in
every country. Bitcoin is a long way to become the
new world currency, as we all know not everyone
can easily adopt bitcoin and finds hard to use bitcoin.

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Quote from: romero121 on October 20, 2016, 08:52:00 AM

Quote from: icecube45 on October 20, 2016, 07:50:46 AM

I think the US dollar will remain the world's currency. Because if bitcoin be a world currency is still not fit my taste. Because bitcoin prices always fluctuate so that it would create economic imbalances. There are many factors to consider if you want to use bitcoin as a world currency.

That's true. Bitcoin needs to travel long to become a world currency. Right now US dollar is very strong as a world currency due to its increased acceptance as well the stable value. In my view bitcoin is very young to get recognized as a world currency. Soon after years due to continuous adoption and the digitalization of world things could change.

Yes US dollar is very strong and has a very good stability and even continue to increase. To be a world currency bitcoin should be accepted as a fiat in one of the countries that want to accept it, and also must have a form to determine nominal. Very difficult that happens, the most important I think bitcoin known to many people and continues to grow.

satdas

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in present time as we can see that US Dollar is one the most stable and popular currency of the world and most of the countries economy is depending on it, but as the new generation are interested in online trading therefore they need a digital currency which will be more convenient for them to use, therefore i think bitcoin is the best option with them and hope that bitcoin will be the new currency of world currency.

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Massive price drop coming...

Quote from: satdas on October 20, 2016, 03:26:24 PM

as you can see that in present time USD is the most popular and stable currency of the world and therefore it is the world number one fiat currency, but as the interest of the new generation is now changing to online buying, selling, shopping and trafers, therefore their thinking about currency is also changing and now they are giving preference to bitcoin as bitcoin is the world number one crypto currency.

Bitcoin still good as alternative for usd.. and i think it can be the best crypto currency in the world and can be the best online payment processor online in the future for now there is few stores online that can accept bitcoin as payment..

iv4n

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Talking about world currency is almost impossible in this moment, we have so many currencies that are fighting for throne. Yes dollar is most dominant currency in the moment, but it`s not strongest that is a fact. Dollar depends from many things, and in future economic crises dollar can easily crash if something goes wrong.
I think that will be the moment for bitcoin to step on stage, and only then we can expect something to happen. Before that things will stay as they are, dollar is present on too many markets that can be thrown from the throne.

satdas

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as you can see that in present time USD is the most popular and stable currency of the world and therefore it is the world number one fiat currency, but as the interest of the new generation is now changing to online buying, selling, shopping and trafers, therefore their thinking about currency is also changing and now they are giving preference to bitcoin as bitcoin is the world number one crypto currency.

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