Topic: When you think of currency what will come to your mind? - page 9. (Read 3896 times)
I think bitcoins draws so much attention that even IMF notice the rising of bitcoin in the community. But I would rather think of currency like fiat the official money used worldwide. Thw most efficient way to find transaction in the economy is by using the fiat. Cryprocurrency is a little bit hassle in making transaction as a payment for the purchase product or services. For now I would rather used fiat than bitcoin.
When I think about money, the thing in my mind is the property. I understand that money can change people, I appreciate those who build money community value. But we should also know that money is a used thing, not because of money but blind.
It seems to me that everything is going to this. Bitcoin continues to evolve and spread around the world, and therefore sooner or later it is recognized by the whole world.
Well, US dollars.
As you know most people are into cryptocurrencies not because of its use cases such as a decentralized currency, a currency that has fast transactions without any middleman, its because it short time it can make you millionaires in terms of US dollars. I think this is the current situation of many who are into cryptocurrencies.
As you know most people are into cryptocurrencies not because of its use cases such as a decentralized currency, a currency that has fast transactions without any middleman, its because it short time it can make you millionaires in terms of US dollars. I think this is the current situation of many who are into cryptocurrencies.
as the currency is most likely not, but as a technology that will be integrated in fiat currency
Basically, it refers to real money like dollars, euros and etc. Even before bitcoins was created, currency or money is already been accepted or used generally as payments for goods and services. Furthermore, it served as a medium of exchange between the retailers and consumers in the form of coins or paper money.
well this is a very interesting question because when i think of the national currency as the moment, what comes to my mind is the US dollar because I have been to many countries and it is no problem to go there and then exchange i to the national currency. when I think of digital currency of course bitcoin comes to my mind, and I guess it is the same case for many other people when they think about the digital currency because bitcoin in all discussions and memes and advertisements are being used as the image to present all other types of digital currencies .
The International Monetary Fund (IMF) just recently posted a picture that shows the evolution of money that people have used since the beginning of human civilization. Will IMF consider Bitcoin as a new currency?
The illustration is definitely going to happen. People are like glued with smartphones and some are getting used to pay things in shopping malls through digital payment. Some still used fiat but credit card are more convenient to them and what more if bitcoin is adopted.
I think to change the currency is still too early you say it, with me looking at pictures or photos that you have maybe I can conclude that is a form of payment or transaction, it makes sense if, in the future, people will use bitcoin as a payment or online transaction. And that is still a fiat currency because it is still widely used by the majority of people. But Bitcoin and other cryptocurrency gain popularity around and even global monetary authorities like the IMF have influenced the influence of virtual coins. And I believe that in the future bitcoin will replace fiat money.
Bitcoin as a new and legitimate currency? I think that dream is still too early to be realized. I think the IMF will also not consider bitcoin as a currency, because even the IMF itself cannot control bitcoin. In some countries already using smartphones that are connected to someone's bank account. So electronic currencies or e-money will be easily accepted rather than digital currencies.
Of course it is FIAT that comes to mind and I agree with the IMF’s statement that says most of today's digital currencies still can’t be called real currency because it doesn’t have all the characteristic of the currency itself and still limited as a payment tool and investment. But I still put very high hopes for Bitcoin or maybe altcoin, because we are still at the beginning and our struggle and the journey of crypto itself is still long.
Of cour the best and the leading cryptocurrency in the market, the bitcoin. It is the first currency that comes into my mind. May be because it is the first currency that I have known when I first joined crypto world and when I first became a crypto user.
There is no normal human being that doesn't like the simplest way of performing any task including financial task, We also like privacy especially when it Involve our finances. bitcoin is fintech evolution that cannot be avoided by ETF. Just imagine sending huge amount of money across the globe with low cost and privately
The International Monetary Fund (IMF) just recently posted a picture that shows the evolution of money that people have used since the beginning of human civilization. Will IMF consider Bitcoin as a new currency?
Since the world is continually changing, we will accept the fact that crypto currency is possible to rule the world. That our fiat money now may not be used soon.
a lot of money, insane high cost. I really think on the subconscious that it's very expensive
I think IMF dont have authorities regulate bitcoin as currency, its depending on every government and every government have their own regulation. IMF already have their own currency which is SDR (Special Drawing Right)
The IMF understands that it is necessary to be in a trend otherwise will remain outside
Currency for me is how money is interpreted. This is more of a medium within the finance world. As we see today fiat money is what our currency is, we exchange money for services or products offered to us. But slowly we can observe that currency is transitioning to the digital age. Wherein money is not something we held on our hands but rather a data that is stored within the digital world.
Hello,
When I think about currency, as we know that there are 164 official different types of currencies.
when It comes to my mind that where I am standing today. In real I am a beginner and searching about bitcoin. because I think its a best digital currency. my mind comes in that how far behind I am so, I have to struggle for improving my life.
When I think about currency, as we know that there are 164 official different types of currencies.
when It comes to my mind that where I am standing today. In real I am a beginner and searching about bitcoin. because I think its a best digital currency. my mind comes in that how far behind I am so, I have to struggle for improving my life.
When I think of currency, I think of fiat, crypto and money. These three are the most involved words for me, fiat is for the traditional and crypto is for the modern and innovated version. I like them both.
The International Monetary Fund (IMF) just recently posted a picture that shows the evolution of money that people have used since the beginning of human civilization. Will IMF consider Bitcoin as a new currency?
The IMF will still consider it a new currency. Surely BTC has paid for some services but it still will not be big development. Because some of its unstable and ambiguous nature makes many businesses unconvinced.So I think the strong development of BTC will become very difficult in the future if it is not strictly controlled.
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