Topic: would you live in a country that use bitcoin as official currency? - page 13. (Read 5273 times)
November 07, 2017, 03:12:48 PM
Maybe, Bitcoin can be used for payment in some case. But I don't think that most people will use a coin that will increase in few weeks for payment. They will prefer to store it likes an asset.
November 07, 2017, 02:06:07 PM
would you live in a country that use bitcoin as official currency?
assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
I can't quite imagine how that would work from the economical point of view. I mean, I think that it may in a way become an isolated country, which means that the bitcoin has no real value. That a loaf of bread would almost always cost let's say 0.01btc, because it would be weird if the prices were adjusted based on all of the price fluctutations and if they were static, it could happen that an apple could cost few hundred dollars, because of price changes. assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
November 07, 2017, 01:56:09 PM
I would like to live such kind of country that use bitcoin officially . but I don’t thinks there is such type of country yet . but expecting that in some years many country will be in list of making btc as a official country.
November 07, 2017, 06:05:08 AM
This is a dream but if this happens, I will very well be happy to migrate to that country
November 07, 2017, 06:02:59 AM
I want such a great country where Bitcoin very official but i don't know when it's possible because it's very difficult issue i think.Although Bitcoin is deeply involved my regular way of life.
November 07, 2017, 05:51:55 AM
I just dealt with a law firm. I paid the fees with a credit card. They charged me $30 to handle the payment. All I can think of was: I wish I could've paid this in bitcoin.
Sure I will live in such a country where bitcoin is using as official currency because it can help a lot I can earn a lot of bitcoins there and then I will send to my home country and I know the price of bitcoin in my country it will change my whole family life and I think there is possibility to do so in coming time I wish that it come true. November 06, 2017, 01:24:22 AM
Well, yes why not but I really don't want one and only option to pay for the goods and services. Especially if we are talking about the currency that is based on the internet (the technology which might or might not work in natural calamities) so if the country has other payment options, then I would love to live in such country even if the primary currency if Bitcoin. However, the situation is changing rapidly and we will see Bitcoin in mainstream within next 5 to 10 years from now in major countries.
November 06, 2017, 01:17:36 AM
no , and also how many countries use bitcoin as official currency ? , i think no one ?
November 06, 2017, 01:09:32 AM
would you live in a country that use bitcoin as official currency?
assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
No, I won't live a country that uses bitcoin as their local currency because you pay fees and you wait for the transaction. And how can the government will maintain the country if there is no taxes to pay?
November 06, 2017, 01:05:51 AM
if I myself do want it, because from here I work focus on the internet. from the internet this can produce bitcoin to transact daily
November 06, 2017, 01:04:55 AM
would you live in a country that use bitcoin as official currency?
assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
I wont because bitcoin is volatile. What if your have already receive your salary but the bitcoin value suddenly decreases? Would you ask your employer for additional bitcoin because it doesnt meet your monthly salary? How bout if the internet will gone including the electricity? Would you still able to buy food and other things for your family need? So i say it very impossible to bitcoin will replace fiat, it will be limited to use it for investment to earn paper money.
November 06, 2017, 12:47:08 AM
I don't think its a good idea to live in a country that uses bitcoin as official currency because of the volatility nature of it. The salary of the citizens will probably become affected specially if the value goes down. And also the prices of the goods will also get affected once the price goes up they also become very expensive. I don't like to live like that.
November 05, 2017, 11:50:27 AM
would you live in a country that use bitcoin as official currency?
assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
No, I won't live a country that uses bitcoin as their local currency because you pay fees and you wait for the transaction. And how can the government will maintain the country if there is no taxes to pay?
November 05, 2017, 07:46:21 AM
would you live in a country that use bitcoin as official currency?
assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
I prefer not to live in that kind of country. it's okay if the value of btc is fix or if they will pay me in a fix price then the value of btc is fix I could live there but as of now that btc is not stable I preferred to use fiat money rather than to use a btc it maybe easy for a transaction but it's hard when it comes to getting your salary in a btc you don't it maybe as high as you want but also low as it is. assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
November 05, 2017, 07:42:17 AM
Why not, I dont see any difference from other currencies, if bitcoin would have been legalized in that country and made an official currency. I dont think that course would have fallen by 20% in this country, then people would start striking and holding rallies. Yes, and growth rate lets say on the same 20% government would not have allowed.
November 05, 2017, 07:14:33 AM
I prefer not to live in that country, cause that country is as same as where I live now, bitcoin in our country its value is very high its about 350k so my money is lesser value, so if I convert bitcoin in my own country money Its very high profit for me so I prefer to live in a country that bitcoin is an option to buy and sell items not the main currency that we are using.
November 05, 2017, 07:07:17 AM
would you live in a country that use bitcoin as official currency?
assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
First of all thats not possible to acquire to bitcoin as official currency in a country.
But, lets assume that it happens in reality then yes I will surely visit such country and will spend some time of my life. It wouldn't matter of the prices are fluctuating because everyday will be different in the way I will make purchases of things. May be one day I might get a ride at BTC = 0.0001 but the other day it could be BTC = 0.00001 so it wont matter as I will have my salary fluctuated in the same way the bitcoin prices are fluctuating. It will take time to adjust but things can be made possible.
November 05, 2017, 06:39:56 AM
Yes i will, Bitcoins value is very high and the products will be cheaper if the currency we are using is from bitcoins value, Another thing is that a lot of jobs will be open that is paying crypto currency and it will be easier to sustain our daily needs.
November 05, 2017, 06:31:27 AM
No, because bitcoin is still in its infancy, the value of bitcoin is not yet set, and the price of bitcoin is not stable enough to pay for what it may cost me. 
November 05, 2017, 06:23:19 AM
would you live in a country that use bitcoin as official currency?
assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
I will think this twice if given that it is bitcoin. Because of bitcoins volatility who would to be a millionaire yesterday and not as you wake up doing nothing but sleep. If there would be a currency stable well that can be, internet i think is not a problem for the network can run on just network.
Jump to: