Topic: would you live in a country that use bitcoin as official currency? - page 4. (Read 5292 times)
January 19, 2018, 02:22:11 PM
in the US is the largest number of users of the crypto-currency economy and Bitcoin as its part-time part, in the world. A lot of start-ups from Silicon Valley are created immediately with a binding to the blockhouse and the largest number of ATMs Bitcoin in the world of course is the United States which from the very beginning was at the forefront of the crypto currency battle.
January 19, 2018, 02:19:18 PM
I ma not living in but I can use it as official currency in some places.
unfortunately in my country we are not using bitcoin as official currency, but now the users of bitcoin are also increasing in my country, with the passage of time people are now showing good response for bitcoin are now taking more interest there. I think that in future bitcoin will become more popular in my country and very soon we will become able to use bitcoin as official currency and will become able to use bitcoin for buying different things. January 19, 2018, 12:51:58 AM
I would not want to live in a country that adopted bitcoin as an official currency, as this is synonymous with a country that is experiencing extreme difficulties and without foreign exchange reserves to face its contracts, as is happening with Venezuela
January 19, 2018, 12:36:35 AM
Well, I would just live in a country with a standard use of bitcoin as an official currency. I will live in the country where I can see to it that I am safe and live comfortably. I know that using bitcoin can make transactions become easy. And to think about it, if a country use a standard bitcoin, i will surely live in that country.
January 19, 2018, 12:32:09 AM
It's a bit of an Utopian idea. But would i live in a country where you are paid in digital currency yes, i would, i would love to. Because to me the mode of payment doesn't really matter, as long as currency serves its purpose ( legal tender for exchanging goods and services). I pay for my grocery with my shopping card and most of my payments here in Singapore are in digital form. Singapore would soon move to a cashless country.
January 19, 2018, 12:25:05 AM
thinking 
but its price may get lower as it becomes official. like any other official money now. imagine if 1 day, u used it as a bank note, would it be that 'worth-mining'? I mean, ppl may stop appreciating it and living in that country or not doesnt matter anymore. that's the problem when something 'rare' becomes popular
but its price may get lower as it becomes official. like any other official money now. imagine if 1 day, u used it as a bank note, would it be that 'worth-mining'? I mean, ppl may stop appreciating it and living in that country or not doesnt matter anymore. that's the problem when something 'rare' becomes popular January 19, 2018, 12:16:14 AM
I ma not living in but I can use it as official currency in some places.
January 18, 2018, 11:57:17 PM
I do not think that Bitcoin can be used for official currency, unless its price is stable. But with now condition, when many people wanna invest in Bitcoin to get profit. Bitcoin will not be used for payment.
Because at the present time the price of Bitcoin is very sad because it dropped dramatically in the previous month.
January 18, 2018, 11:41:22 PM
I do not think that Bitcoin can be used for official currency, unless its price is stable. But with now condition, when many people wanna invest in Bitcoin to get profit. Bitcoin will not be used for payment.
January 18, 2018, 10:57:34 PM
if bitcoin becomes the official currency ,, and we have to use bitcoin when buying anything, it is not effective.
because every time we transaction bitcoin there is a transaction fee ,,
in small and large amounts the same cost, we will lose.
i think we will be loser mostly.the reason is transaction fee! because every time we transaction bitcoin there is a transaction fee ,,
in small and large amounts the same cost, we will lose.
January 18, 2018, 10:57:18 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%?
no i wont,being a virtual money and hasn't stable value.its impossible for companies or the employees to accept it as compensation.bitcoin is better for medium currency .when we have option if we wanted to withdraw or not.thats maybe the more applicable way 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%?
January 18, 2018, 10:41:23 PM
I think it is impossible, because so far no country is willing to completely accept bitcoin, they are waiting to see in the preparation of bitcoin.
January 18, 2018, 10:33:01 PM
I'm not sure about that, I do not think bitcoin can ever replace the real money
the reason is because shipping costs, bitcoin require shipping cost in every transaction
and if bitcoin becomes the official hearing instrument imagine if one day we transact up to 10 times
of course shipping costs will incriminate us
the reason is because shipping costs, bitcoin require shipping cost in every transaction
and if bitcoin becomes the official hearing instrument imagine if one day we transact up to 10 times
of course shipping costs will incriminate us
January 16, 2018, 09:23:30 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 dont think there is a country who looks at Bitcoin as an 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%?
Maybe Japan or something but I am not sure.
January 16, 2018, 08:57:17 AM
Ill think twice on living in a country that use bitcoin as official currency because I still believe that fiat is still needed until we are ready I will think twice on living there. But if I am going to live there and get paid in bitcoin I shall see if it is benefiting to if not then I will move out of the country and well see about the economic growth of the country because it affects all and Yes it is possible because if you use a cryptocurrency as a official currency it is also volatile like bitcoin.
January 16, 2018, 08:50:27 AM
Yes of course! We all know that bitcoin since its started lots of people already has given the oppurtunity to become millionaires. So, if there is a country that accept and recognize bitcoin as a official currency, HEAVEN!. I salute that country because it will really help the people to improve their way of living and can access them financially.
January 16, 2018, 08:30:45 AM
Like the adage says, it is unwise to keep all eggs in one basket, we all know that bitcoin is an internet based currency, what will happen to the country and the people if the entire internet goes off? So for me, i can only visit that country but not live in it.
For sure I will prefer to live in such a country where bitcoin is using is a official currency because in my country bitcoin price is very high and I know if I send my one month salary to my country is its more than enough for me and I wish that very soon we can see this opportunity as well because bitcoin is trying to help us and as bitcoin is going high day by day so a time will come that bitcoin will become an international currency. 
January 14, 2018, 11:06:15 AM
I think there really is not a country that dares to allow people to use Bitcoin as an official currency. Actually they just encourage or dumb it. They think it leads to many evils, tax evasion, etc .. so most of them are illegal and prohibited from using them to trade.
January 14, 2018, 11:02:25 AM
Right now it's impossible with the current fees, imagine you want to buy some stuff in the grocery for 5$ and have to pay 20$ fee.
Quick fix.
Buy a different currency....
January 14, 2018, 03:53:59 AM
Right now it's impossible with the current fees, imagine you want to buy some stuff in the grocery for 5$ and have to pay 20$ fee.
Jump to: