When will be see bitcoin as international currency? - page 29.

Denker

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Quote from: Dinki on August 27, 2016, 01:42:57 AM

I think OP wants to know when bitcoin will replace USD as the international means of exchange.

Top banks of the world are coming up with their own coin, they will rather use their coin as an international means of exchange than use bitcoin.

Then OP will be very diappointed as this not going to happen the next several decades.
Banks and governments always will come with a new scam and Ponzi where they will make sure to have the control over the money supply.
Bitcoin most exist and grow beside that fraudalent system!That it it's only chance.People must realize themselves that fiat currencies and the actual financial system only exists to oppress the majority of people.
With Bitcoin they have the possibility to choose!Something like that never existed before.

Sidas_Crew669

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Quote from: amacar2 on August 27, 2016, 10:57:11 AM

Quote from: Dinki on August 27, 2016, 01:42:57 AM

I think OP wants to know when bitcoin will replace USD as the international means of exchange.

Top banks of the world are coming up with their own coin, they will rather use their coin as an international means of exchange than use bitcoin.

It is quite sure that all those banks and especially USA will not allow any other fiat currency or bitcoin to overtake USD and dominate the international market. But when people will slowly realizes the benifits of storing their wealth in bitcoin than bitcoin may be as valuable as gold and may dominate some part of the international market.

Yeah, indeed I am sure that will be rejected by all of the bitcoin bank and also the State of super power (USA), but it also does not give bad effect to bitcoin for bitcoin can stand on its own and become a valuable item for those who know it well bitcoin. Although there may be a replacement, that certainly is bitcoin origin of it all and maybe history will record it all

amacar2

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Quote from: Dinki on August 27, 2016, 01:42:57 AM

I think OP wants to know when bitcoin will replace USD as the international means of exchange.

Top banks of the world are coming up with their own coin, they will rather use their coin as an international means of exchange than use bitcoin.

It is quite sure that all those banks and especially USA will not allow any other fiat currency or bitcoin to overtake USD and dominate the international market. But when people will slowly realizes the benifits of storing their wealth in bitcoin than bitcoin may be as valuable as gold and may dominate some part of the international market.

Kevin77

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Quote from: agamasrori on August 27, 2016, 07:32:01 AM

Quote from: Mauser on August 04, 2016, 07:19:41 AM

Quote from: deepaksharma on August 04, 2016, 07:10:54 AM

As people are awarding of bitcoin & its potential.When we can see bitcoin as international currency? Huh

This will take many more years to come. Especially now after another bitcoin exchange security breach. The bitcoin price is just not stable enough to be a major international currency. Investors are getting spooked out of bitcoins too fast.

You are right, may be it will take a very very long time to be happen. But I think it must be happen. And I think bitcoin would not make other international currency like usd or euro dissapear, bitcoin will be just one part of international currency.

Seeing how bitcoin is already known and being used around the world, I guess it's safe to say that bitcoin is now an international currency? Since it can be used at almost every country except for those that have banned bitcoins. Although it hasn't received an official statement of acceptance by the government, it still is already being used.

Senor.Bla

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Quote from: SvenBomvolen on August 27, 2016, 07:46:42 AM

Believe it or not, bitcoin is international currency from beginning. I don't see that bitcoins can belong to any country more then to others. I'm not so long into bitcoins, but as I see here there is people from all over the world. That is international, without any borders.
Bitcoins are used in all world, and whrn right time come people will be able to buy almost everything with bitcoins without exchange coins first and lose money on transaction fees.
It's my opinion, and I think I'm right because bitcoin doesn't have state of origin. Bitcoin belongs to all of us.

thanks to you i had an interesting idea. if we talk about bitcoin as a currency for a country then most people thing that a certain country will adopt bitcoin as their official currency.
some expect this and only wonder when this happens and who the first of many countries to come will be.
the cool thing about 2 different countries with the same currency is, that you have no interest to go to war against them since you would hurt the value of your currency.
and in conclusion bitcoin could contribute to a peaceful world. great.

umaOuma

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Quote from: agamasrori on August 27, 2016, 07:32:01 AM

Quote from: Mauser on August 04, 2016, 07:19:41 AM

Quote from: deepaksharma on August 04, 2016, 07:10:54 AM

As people are awarding of bitcoin & its potential.When we can see bitcoin as international currency? Huh

This will take many more years to come. Especially now after another bitcoin exchange security breach. The bitcoin price is just not stable enough to be a major international currency. Investors are getting spooked out of bitcoins too fast.

You are right, may be it will take a very very long time to be happen. But I think it must be happen. And I think bitcoin would not make other international currency like usd or euro dissapear, bitcoin will be just one part of international currency.

Bitcoin is helping in many ways and we don't want it should be international currency or should replace any major currency, we should be satisfied with benefits its offering us.

SvenBomvolen

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Believe it or not, bitcoin is international currency from beginning. I don't see that bitcoins can belong to any country more then to others. I'm not so long into bitcoins, but as I see here there is people from all over the world. That is international, without any borders.
Bitcoins are used in all world, and whrn right time come people will be able to buy almost everything with bitcoins without exchange coins first and lose money on transaction fees.
It's my opinion, and I think I'm right because bitcoin doesn't have state of origin. Bitcoin belongs to all of us.

agamasrori

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Quote from: Mauser on August 04, 2016, 07:19:41 AM

Quote from: deepaksharma on August 04, 2016, 07:10:54 AM

As people are awarding of bitcoin & its potential.When we can see bitcoin as international currency? Huh

This will take many more years to come. Especially now after another bitcoin exchange security breach. The bitcoin price is just not stable enough to be a major international currency. Investors are getting spooked out of bitcoins too fast.

You are right, may be it will take a very very long time to be happen. But I think it must be happen. And I think bitcoin would not make other international currency like usd or euro dissapear, bitcoin will be just one part of international currency.

Senor.Bla

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Quote from: coinsocieties on August 27, 2016, 05:57:24 AM

Quote from: Mauser on August 04, 2016, 07:19:41 AM

Quote from: deepaksharma on August 04, 2016, 07:10:54 AM

As people are awarding of bitcoin & its potential.When we can see bitcoin as international currency? Huh

This will take many more years to come. Especially now after another bitcoin exchange security breach. The bitcoin price is just not stable enough to be a major international currency. Investors are getting spooked out of bitcoins too fast.

I have to agree ^^^, this will take many more years to come. There are to many governments who are concerned with controlling the currency and this is stopping them from making it mainstream because they have no control and they are not making any money off of it. You have to remember that the government always has to get their share!!

the more people will start using bitcoin the more people will be scammed. the hacks wont stop. the smart people will learn to not store their bitcoins for long time periods in hot wallets.
maybe the price will stop to change so much and often if people get used to these scams and hacks, but i think we can expect the media coverage to raise if the popularity goes up and this will mean that more people can panic or get exited, so i would expect more ups and downs in the future.
this will continue even if bitcoin replaces a government currency, which i do not see happening.
or let me put it this way. it this would happen, then the world changed a lot and probably not for the better.

coinsocieties

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Quote from: Mauser on August 04, 2016, 07:19:41 AM

Quote from: deepaksharma on August 04, 2016, 07:10:54 AM

As people are awarding of bitcoin & its potential.When we can see bitcoin as international currency? Huh

This will take many more years to come. Especially now after another bitcoin exchange security breach. The bitcoin price is just not stable enough to be a major international currency. Investors are getting spooked out of bitcoins too fast.

I have to agree ^^^, this will take many more years to come. There are to many governments who are concerned with controlling the currency and this is stopping them from making it mainstream because they have no control and they are not making any money off of it. You have to remember that the government always has to get their share!!

xuan87

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If you mean by international currency is replacing dollar then the answer is going to be a long time, because some of the country even ban bitcoin due to the bitcoin reputation and then i havent see any infra-structure that can support bitcoin usage and then the biggest problem is the transaction time which take a long time, so its still far away from replacing dollar as international currency

Mastsetad

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Quote from: deepaksharma on August 04, 2016, 07:10:54 AM

As people are awarding of bitcoin & its potential.When we can see bitcoin as international currency? Huh

Bitcoin still has to see a lot of ups and downs so reach that stage, it is already some years old and it has discovered a lot and reached to a large extent of user interface but for getting international and reach mainstream it would still need to wait for some more years i guess.

Dinki

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I think OP wants to know when bitcoin will replace USD as the international means of exchange.

Top banks of the world are coming up with their own coin, they will rather use their coin as an international means of exchange than use bitcoin.

harizen

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Quote from: deepaksharma on August 04, 2016, 07:10:54 AM

As people are awarding of bitcoin & its potential.When we can see bitcoin as international currency? Huh

Bitcoin is already an international currency to be considered. At least all of the specifications are into this currency to be considered as an international one.

Out of the topic, but I smell fishy with your name. Hopefully you and that person on my mind are not the same.

20kevin20

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Quote from: lumeire on August 27, 2016, 01:12:12 AM

IMO BTCBTCBTC is what it is. It's a concept by itself. Currencies are backed by something tangible. Bitcoin is backed only by trust. While BTCBTCBTC can function as a currency, it can never be entirely like that.

Hard to predict such things, and hard to believe it's even going to be one day a currency. It's been years since people in my country have heard about Bitcoins and yet there is just one city having an ATM.

Jambolb2

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Quote from: deepaksharma on August 04, 2016, 07:10:54 AM

As people are awarding of bitcoin & its potential.When we can see bitcoin as international currency? Huh

That is not going to happen so soon... Bitcoin has already taken some years to reach this stage where a large number of people in the world are using bitcoin and also some countries having places accepting bitcoins but it would still take a lot of time to become an international currency.

lumeire

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IMO BTCBTCBTC is what it is. It's a concept by itself. Currencies are backed by something tangible. Bitcoin is backed only by trust. While BTCBTCBTC can function as a currency, it can never be entirely like that.

davis196

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Quote from: deepaksharma on August 04, 2016, 07:10:54 AM

As people are awarding of bitcoin & its potential.When we can see bitcoin as international currency? Huh

Bitcoin IS an international currency right now.

People all over the world can buy and sell bitcoins.

Why are you asking this question?

hieu81

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Now, more people know about bitoin, but it not international currency at the moment!

MingLee

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Quote from: ImHash on August 05, 2016, 10:37:52 AM

when all the governments and big banks and companies are all dead and when fiat money has no profit for big players.
when the world is a fair place for every one to live.

So basically never, according to your statement?

The governments, bug banks and companies will never collapse unless a majority of modern society collapses, and this means that Bitcoin would more or less be equally as useless in such a society. And the world will never be fair and should never be fair. You are entitled to nothing, no-one owes you anything, you exist. Now do something with it. Those who did something are the rich, and those who never do anything are the poor. It's a challenge, and not supposed to be a cakewalk.

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