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Author Topic: Bitcoin to be international currency  (Read 94629 times)
komjhq
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October 03, 2017, 08:55:45 PM
 #1441

Bitcoin is previously an worldwide forex. Wherever you are, you can constantly use your Bitcoin to transact with somebody online. When going to other nations and you want to get a neighborhood currency, you can look up on the internet what online wallet supports a withdrawal in that forex. For case in point, in my region which is the Philippines, we have cash.ph which makes it possible for you to withdraw your Bitcoins into peso. I wager there are other countries that has internet site like ours.
The fact is that since the new projects that are now being promoted in oil are somehow connected with the crypto currency, then uniquely Bitcoin will be more and more popular. But I'm still doubtful about the massive use of crypto currency.
I also have my doubts unequivocally in this matter, but I am confident that only Internet users will be able to work very fruitfully with the crypto currency, basically this is the only audience that will earn using crypto currency. The bulk of humanity with this issue will not even be familiar.
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October 03, 2017, 09:22:43 PM
 #1442

It is already a international currency as majority of people across the globe are using it, the only thing we need is that it should hit the mainstream to get more popular in future.

Yes, I think this is an international currency from the very beginning. Bitcoin has no boundaries. And you can use Bitcoin wherever you are. Bitcoin is becoming increasingly popular in all countries. But the only problem is that in not all countries you can use it without exchanging for the national currency. But I think that this will change soon and bitcoin will become truly international.
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October 03, 2017, 09:49:05 PM
 #1443

If bitcoin to be international currency, what do you think?
You can use it every where and anywhere, without exchange it.
And how to use transaction with it, if bitcoin just crypto currency?
How many people like with this thread?
In our current time, bitcoin has been already credited and coined as an international currency which can be typically aligned with the leading currencies in the world like Dollar, Euro and etc. The scenario of bitcoin being an international currency has already happened and as we can see, it was made possible by many supporting countries together with the potential investors and bitcoin user that result into the rise of the demand which brought bitcoin into the peak of claiming being one of the international currency which is widely use in the world. As of now, we can see its benefits which are fast transaction which includes online payment on purchasing products and services, sending money and even gaining an income online.

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October 03, 2017, 11:22:39 PM
 #1444

Isn't Bitcoin already an international currency? Cheesy There are even rumors that mcdonald's will start accepting btc
Not exactly as no government accepts bitcoin for payment of taxes or similar type tasks that might fit the profile.   However it does convey value internationally so any confusion is reasonable.  The reason that matters is because size is limited, dollars transact in the trillions or billions but there is no counterparty to Bitcoin for this size which excludes full trading


http://www.economist.com/content/big-mac-index

McDonalds itself has an index of value, its unofficial but every country that sells a mcburger is compared to see the cost of being a citizen in each country.  So which country has the most expensive menu compared to the menu for USA.   You cant transport the burger and use it for trade so I guess its not really comparable but similar in that people are presuming the value is the same all over the world.
Arguably Bitcoin is more valuable in Venezuela where US dollar is banned and their own currency is unusable, whatever the price is the worth is greater there in their hands.   Places like that are probably supporting value elsewhere.  Japan has a bad currency system and you know the issues with their neighbours also.   If bitcoin was purely vs free units of value it might be alot less and it has no backing of one certain country which comes back to question of is it really a global currency.  Its the anti hero in this story
Really interesting info! I enjoyed reading! This theory has a lot of pros and cons, but still tnx a lot!
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October 03, 2017, 11:26:31 PM
 #1445

It is already a international currency as majority of people across the globe are using it, the only thing we need is that it should hit the mainstream to get more popular in future.

Yes, I think this is an international currency from the very beginning. Bitcoin has no boundaries. And you can use Bitcoin wherever you are. Bitcoin is becoming increasingly popular in all countries. But the only problem is that in not all countries you can use it without exchanging for the national currency. But I think that this will change soon and bitcoin will become truly international.

In my opinion, bitcoin will experience a very steep path because the independence offered is so contradictory to the world civilization system, I can only think of bitcoin into a common currency all over the world, but it still does not make sense because bitcoins can not be controlled and intervened. Very dangerous if more wild and uncontrolled.
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October 04, 2017, 12:22:40 AM
 #1446

Bitcoin already known and used worldwide. Sure the number of people who use bitcoin is still not as big as we wanted to but it is not small neither. I wish that Gox thing never happened. Because of that scam people got scared a lot and they see bitcoin as scam sadly.
how to make all people love this currency, and change bad image (scam) about bitcoin?

Bitcoin is already being recognized as legal by a lot of governments and countries and I think this would contribute to the legitimacy of Bitcoin and cryptocurrency. With this, Bitcoin has been getting more and more popular everywhere - positively and not negatively like a scam as you've said.

It would be awesome for it to be an international currency because a lot of people will be able to use it easily and conveniently, and this would give some ease for those who are travelling.
moinul018
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October 04, 2017, 12:26:40 AM
 #1447

Bitcoin is gradually being adopted by many countries. The truth is no developed country can reject it forever. They may make regulations, but they have to adapt it.
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October 04, 2017, 02:38:55 AM
 #1448

Bitcoin previously is an worldwide present since you only want the internet if you want to make use of Bitcoin and in present-day entire world virtually every person has access to the web. But the issue is that even tho absolutely everyone can use it not everyone wants to use it.
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October 04, 2017, 11:33:30 AM
 #1449

In my opinion, Bitcoin is already international currency and available for everyone around the world. Maybe you mean is it legalized worldwide ? in this case the answer is not yet, because so many governments have their own doubts about this crypto currency until now.
But there is some countries (Japan, Germany..) fully legalized Bitcoin.
Obviously if people are using bitcoins for transferring funds from one country to another, this means bitcoins are international in nature. People are enjoying using bitcoins and are very comfortable in carrying bitcoins all around the world. Bitcoins will take some time to be legal around the globe.
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October 04, 2017, 11:36:48 AM
 #1450

for digital life we can says " now days bitcoin is number 1 international digital currency" but for real merchand i doubt it.
people who cant acces internet will never use bitcoin, and this is bad to people in village.
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October 04, 2017, 11:54:44 AM
 #1451

If you look after 5  Years from here no one is going to use paper currency very few only going to handle paper currency.

So Bitcoin is going to rule the world as of now world wide we are dealing with Bitcoin so it is already International currency in digital mode.

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October 04, 2017, 12:16:52 PM
 #1452

Bitcoin already known and used worldwide. Sure the number of people who use bitcoin is still not as big as we wanted to but it is not small neither. I wish that Gox thing never happened. Because of that scam people got scared a lot and they see bitcoin as scam sadly.
how to make all people love this currency, and change bad image (scam) about bitcoin?

Bitcoin is already being recognized as legal by a lot of governments and countries and I think this would contribute to the legitimacy of Bitcoin and cryptocurrency. With this, Bitcoin has been getting more and more popular everywhere - positively and not negatively like a scam as you've said.

It would be awesome for it to be an international currency because a lot of people will be able to use it easily and conveniently, and this would give some ease for those who are travelling.
Bitcoin by definition is in fact a currency, a currency which no country has a control of. Already it is being recognized and accepted up to the local businesses of several countries. As of now we can consider Bitcoin to be internationally accepted but I don't think it is appropriate to be called an international currency as it will be politically wrong for most governments. What it can be called right now is a payment method that will soon be accepted by the majority of the world, well that is my own personal opinion.

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October 04, 2017, 12:34:09 PM
 #1453

Bitcoin is already an international currency being utilized as a payment method to pay and get paid over different platforms.
This only aspect in general makes a bitcoin increase in price and much more demandable among traders.
If local shops start accepting bitcoin, you do not need to carry hard cash in your pocket while travelling like before.

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October 04, 2017, 12:58:19 PM
 #1454

If you look after 5  Years from here no one is going to use paper currency very few only going to handle paper currency.

So Bitcoin is going to rule the world as of now world wide we are dealing with Bitcoin so it is already International currency in digital mode.

I disagree, it wil take more than 5 years to phase out paper currency.  There will always a country that wil fall behind and these countries will be the one using paper currency.  Yes other advanced country may use digital currency but I bet they will get a hard time removing paper wallet in the circulation.  So I guess it will take more than 5 years to do so.  About Bitcoin, I think bitcoin being alternative currency best suited as being international currency.
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October 04, 2017, 01:15:37 PM
 #1455

If bitcoin to be international currency, what do you think?
You can use it every where and anywhere, without exchange it.
And how to use transaction with it, if bitcoin just crypto currency?
How many people like with this thread?

I think bitcoin is already a international currency in which can be used as medium of payments for those country who saw the potentials they may acquire from it but seeing this as priority currency ? I dont thing that is possible for now since it is volatile government will not take the risk to used it without the assurance of being productive and alao the fact that they will not let a decentralized currency rule over them.

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October 04, 2017, 01:31:10 PM
 #1456

If bitcoin to be international currency, what do you think?
You can use it every where and anywhere, without exchange it.
And how to use transaction with it, if bitcoin just crypto currency?
How many people like with this thread?

its awesome if it happen, accept and believe by all country. it mean in country there are many store or stuff like that accept bitcoin for payment, but if bitcoin's supply almost out, it will problem, or the world take one off another altcoin to be international currency.

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October 04, 2017, 02:04:25 PM
 #1457

It is already a international currency as majority of people across the globe are using it, the only thing we need is that it should hit the mainstream to get more popular in future.

Yes, I think this is an international currency from the very beginning. Bitcoin has no boundaries. And you can use Bitcoin wherever you are. Bitcoin is becoming increasingly popular in all countries. But the only problem is that in not all countries you can use it without exchanging for the national currency. But I think that this will change soon and bitcoin will become truly international.

Yeah, i also agree with both of you, bitcoin is already an international crypto currency. We have a lot of references to prove it, but in short, most of the powerful countries announce that they will use bitcoin as a legal currency in their countries, because they know the value of bitcoin and they trust on bitcoin. I believe in the coming time, in all over the world, we will use bitcoin as an international legal crypto currency. 



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October 04, 2017, 02:18:48 PM
 #1458

If bitcoin to be international currency, what do you think?
You can use it every where and anywhere, without exchange it.
And how to use transaction with it, if bitcoin just crypto currency?
How many people like with this thread?
That would be great if bitcoin will be legal in all the countries. I just hope that our local currencies will stay as they are today because they are still essential for us to know how our country's economy is developing or improving. Aside from bitcoin as a worldwide currency, we also need our local currencies for our own countries.

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October 04, 2017, 04:19:13 PM
 #1459

Bitcoin has currently attained the phase of international currency.Its utilization is welcomed in created countries.But still it is largely unfamiliar in some developing international locations.when people folks also start making use of bitcoins, then there will be a wonderful foreseeable future for bitcoin.
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October 04, 2017, 06:43:41 PM
 #1460

If bitcoin to be international currency, what do you think?
You can use it every where and anywhere, without exchange it.
And how to use transaction with it, if bitcoin just crypto currency?
How many people like with this thread?

If Internet is a Country than BITCOIN would be its official currency. That means where there is Internet you can use BITCOIN without any exchange. So it is already an International currency and you need internet not any exchange to make a transaction from it.
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