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Topic: What would it actually take to make BitCoin the most used currency in the world? (Read 2995 times)

sr. member
Activity: 336
Merit: 250
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We need fast adoption and some experts who can solve the present market solutions.we need better stratgyes and more innovative ideas we need to advertise we have to spread bitcoin to every corner of the world so we can make it to mainstream
besides mass adoption by the people we also need countries to be accepting it as an official currency in order for it to grow
you are right though i dont think that would completely make the work done, i think that it will take a lot of time till this happens
hero member
Activity: 658
Merit: 500
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We need fast adoption and some experts who can solve the present market solutions.we need better stratgyes and more innovative ideas we need to advertise we have to spread bitcoin to every corner of the world so we can make it to mainstream
that would be really great to be honest and in my opinion bitcoin is going to be more adopted in the future
it should actually be adopted way more because of the financial system starting to fail though anything might happen
full member
Activity: 154
Merit: 100
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We need fast adoption and some experts who can solve the present market solutions.we need better stratgyes and more innovative ideas we need to advertise we have to spread bitcoin to every corner of the world so we can make it to mainstream
that would be really great to be honest and in my opinion bitcoin is going to be more adopted in the future
full member
Activity: 219
Merit: 205
_Bitcoin Africa_
We need fast adoption and some experts who can solve the present market solutions.we need better stratgyes and more innovative ideas we need to advertise we have to spread bitcoin to every corner of the world so we can make it to mainstream
besides mass adoption by the people we also need countries to be accepting it as an official currency in order for it to grow
legendary
Activity: 1274
Merit: 1004
We need fast adoption and some experts who can solve the present market solutions.we need better stratgyes and more innovative ideas we need to advertise we have to spread bitcoin to every corner of the world so we can make it to mainstream
hero member
Activity: 756
Merit: 500
What would need to happen to the global economy to actually make Bitcoin take over in place of National Currency like, USD, CAD or EURO?

So many people on here are banking on this happening one day, many even openly use this as a reason to invest in coins like Monero.
So I ask you, what do you think it would it actually take to make that happen?

WW3? An Asteroid, Alien Invasion?

Bitcoin need to be accepted by the government.  To do that, bitcoin must make sure to have the support of merchants, users and influencial company.  If the government saw that Bitcoin is a trend to merchants and majority of the population and think that they will have a profit without creating any economic issue if they implement bitcoin.  Im sure that they will acccept it.

I think big companies or businesses wont accept bitcoin right now as the price is not stable at all and if a company accepts it as a payment then they would probably have to keep a lot of bitcoins and what if the price drops while they have bitcoins? For sure they cannot hold them like a user can do so they would pick up a big loss.
sr. member
Activity: 394
Merit: 250
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What would need to happen to the global economy to actually make Bitcoin take over in place of National Currency like, USD, CAD or EURO?

So many people on here are banking on this happening one day, many even openly use this as a reason to invest in coins like Monero.
So I ask you, what do you think it would it actually take to make that happen?

WW3? An Asteroid, Alien Invasion?

I think with time it will be so, but for now  Bitcoin is the most used cryptocurrency in the world and that's not bad too. Personally I don't understand why it should be a problem if Bitcoin is not the most used currency. Take the British Pound for example. It's not the most used currency but if you'd have lots of them you'd be happy, right? )

yeah and it will be like it all the time, in my opinion bitcoin is going to stay huge and it will make me big profit in the future
copper member
Activity: 1050
Merit: 500
What would need to happen to the global economy to actually make Bitcoin take over in place of National Currency like, USD, CAD or EURO?

So many people on here are banking on this happening one day, many even openly use this as a reason to invest in coins like Monero.
So I ask you, what do you think it would it actually take to make that happen?

WW3? An Asteroid, Alien Invasion?

Bitcoin need to be accepted by the government.  To do that, bitcoin must make sure to have the support of merchants, users and influencial company.  If the government saw that Bitcoin is a trend to merchants and majority of the population and think that they will have a profit without creating any economic issue if they implement bitcoin.  Im sure that they will acccept it.
legendary
Activity: 3374
Merit: 2198
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What would need to happen to the global economy to actually make Bitcoin take over in place of National Currency like, USD, CAD or EURO?

So many people on here are banking on this happening one day, many even openly use this as a reason to invest in coins like Monero.
So I ask you, what do you think it would it actually take to make that happen?

WW3? An Asteroid, Alien Invasion?

I think with time it will be so, but for now  Bitcoin is the most used cryptocurrency in the world and that's not bad too. Personally I don't understand why it should be a problem if Bitcoin is not the most used currency. Take the British Pound for example. It's not the most used currency but if you'd have lots of them you'd be happy, right? )
legendary
Activity: 1274
Merit: 1004
every thing is accomplished. big companys like microsoft are accepting it as a payment is i being used at many places of the world and bitcoin atm's are also setuped now we just need to advertise it a little just to show people what it really is like televesion ads
legendary
Activity: 1862
Merit: 1015
First your goverment must accept bitcoin and the time has come, EURO notice appearance , they may legalize bitcoin as world currency just like other currency ( EURO, US$ , etc )
But it's need time for happening since bitcoin still struggling about their value
   
sr. member
Activity: 252
Merit: 250
The best thing for Bitcoin would be more merchant acceptance which would allow a broader audience to become aware of and knowledgeable about bitcoin. I believe that's the starting point and there are more ways to make it the most used currency but you have to make the world aware of it on the same scale as their awareness to fiat. Once that is achieved then there's only a handful of reasons people wouldn't use bitcoin but that wouldn't outweigh the large number of people that would.

As of right now, I believe that's the biggest challenge bitcoin is facing at least in this particular situation.
full member
Activity: 231
Merit: 100
We only need to use it always.  We need also to introduce it to other people to be familiar with what bitcoin can do.  Many were still do not understand and heard nothing about bitcoins.  Some where afraid as they thinks it is not real money because they did not grasp it like the paper money.  We just need to strengthen it by using it everyday and introduce it to the world on what its potential.  Then when people knew about bitcoin they may be interested and use it. 
legendary
Activity: 1526
Merit: 1001
I think that in countries that bitcoin is not supported and banned from their government bitcoin is being used in the illegal way of course and if these countries legalize bitcoin then I believe that bitcoin price will be increased but to be the most used currency I think people should move their big shares in bitcoin

Not the people, but big companies would have to move their big shares in bitcoin in order to make it one of the most used currencies in the world, because without that it would never be able to reach mainstream if it is not adopted by big companies around the world.

One of them are amazon, aliexpress, walmart etc those that have millions of costumers and from many different countries in the world and when they expand accepting bitcoin then it will make bitcoin price rising even more.

That would obviously rise the price of bitcoin if those sites accept bitcoin, but it would just spread in the world of internet but we need adoption to a large extent in physical world, so that the people unaware of bitcoin or having different or negative ideas about it start learning and knowing its usage.

When people see that bitcoin is listed in the popular websites that I mentioned above then they will look at this new way of payment and buy (especially when there is a better discount through bitcoin) or invest at all and join the bitcoin world. Another thing is to have a bitcoin logo on popular shops.
legendary
Activity: 2912
Merit: 1068
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At the moment Bitcoin is the most used cryptocurrency and that is huge success. Right now it can't totaly compete with fiat currencies because it still has some disadvantages, like huge volatility, and the whole financial system should have been changed.
legendary
Activity: 1232
Merit: 1091
i think television advertisments will do the work.please someone take your profit any only for one month place a ad on any channel and say what bitcoin and how to join it

Just advertising on t.v wont do any wonders if there is no places accepting bitcoin as a payment system, what would people do with their bitcoins if they start using them? They would probably need places for spending them as well that is the way bitcoin can be used all over the world.

Don't forget that the far majority of the people use Bitcoin as an investment tool. In that aspect, advertising will do good as it may attract people to put some money into Bitcoin. Back in the days when the price reached $100 for the first time, it was in the media. At this point there might not been so much attention from people, but it reached the media again at $200, and $300, and so on. At that point people were seeing Bitcoin was only going up and up, and thus they were attracted. I am fairly sure the impact right now will be lower, but it will remain effective.
sr. member
Activity: 476
Merit: 250
bitcoin need to convince the big merchants if they start using bitcoin for their trading hope no one will be able to stop bitcoin from becoming the world most preferable currency of the world. and all the people will then use bitcoin for their trading.
yeah I think if bitcoin already mainstream and many merchants who accept bitcoin. I'm sure the development and growth of the adopter will grow very fast.
hero member
Activity: 2912
Merit: 556
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when the government didn't say anything about bitcoin, bitcoin will not be accepted as the most used currency in the world. the first thing is government will read and know about bitcoin. second, after they know and learn about the bitcoin technology and what is the most benefit of bitcoin to their economic, government will make a statement about bitcoin and maybe accepted bitcoin as a new currency for internet. third, we need store online which selling product and accept bitcoin as their payment.

when 3 step its done, then people will know and learn by doing and this will make bitcoin is the most used currency in the world.
hero member
Activity: 756
Merit: 500
i think television advertisments will do the work.please someone take your profit any only for one month place a ad on any channel and say what bitcoin and how to join it

Just advertising on t.v wont do any wonders if there is no places accepting bitcoin as a payment system, what would people do with their bitcoins if they start using them? They would probably need places for spending them as well that is the way bitcoin can be used all over the world.
sr. member
Activity: 322
Merit: 250
i think television advertisments will do the work.please someone take your profit any only for one month place a ad on any channel and say what bitcoin and how to join it
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