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Author Topic: Bitcoin to be international currency  (Read 94629 times)
Hatuferu
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June 13, 2016, 06:48:52 AM
 #201

Well I think bitcoin is already an international currency because many use it worldwide. Its just that some countries banned it and many stores just doesn't accept bitcoin for now. But maybe in the near future many stores will accept bitcoin.  Grin

Yeah, a lot of countries indeed ban the usage of bitcoin because they fear of people evading taxes or sending money overseas illegally. But they gotta face it, bitcoin is P2P and no one can ban the system completely.

many stores are already accepting bitcoins, and there will be more to come.

Eventhough some countries are banning bitcoin transactions,bitcoin growth and acceptance on other parts of the world are overwhelming. Bitcoin is unstoppable as long there are many supporters of this system.
We are unstoppable as the real supporters of bitcoins, let us continue to spread the news all over the countries to attract others adopt with bitcoins. I want to make it happen that it will be globally adopted so we can easily purchase services and products online the same with the fast payment transactions.

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June 13, 2016, 09:19:08 AM
 #202

Bitcoin can be international but I do not think we are seeing use in every corner of the globe, yet. Some what not wanting bitcoin to replace fiat straight out either, would prefer side by side.
i see, and i hope so. If bitcoin can use every where. It's make a simple transaction with one currency. :-)




The new generation will bring us new things to us, it is not a dream ,it's true that Bitcoin already international currency and digital too.
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June 13, 2016, 09:21:11 AM
 #203

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.
Maybe we have different definitions on what majority of the population means, but it can't be that different. How is less than 1% of the population, the majority? Because that is how many people use Bitcoin. The majority of people on the world use fiat.(Pretty much everybody)
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June 13, 2016, 05:59:42 PM
 #204

I don't see Bitcoin used very much as a currency for regular trade. Mostly for ways to get around barriers for certain activities that may be outlawed in certain jurisdictions, especially gambling. Without gambling, bitcoin wouldn't be near the size it is now.
Compared to other currencies yes, but generally speaking bitcoin or some other types of money will be used more in the next years, I think concept of Internet of Objects can help bitcoin too.

But that's my point against that sentiment. It's too volatile to have much use for regular trade because you can't hold it without risk of it depreciating. A currency without a stable value is not conducive to trade or economic activity. It's only useful in areas where the activity is otherwise illegal and you don't have access to it with traditional money, like gambling that is banned online in many jurisdictions and regulated by cutting off the flow of fiat, or for other illegal purchases, like Silk Road. In those instances, the stable value problem takes a back seat because you wouldn't have access to those items in the traditional monetary system.
You are correct from some aspects but it is not true that it can be used only for illegal activities but it can reduce transfer costs, also one advantage of bitcoin for many of investors its nature of instability which maybe similar to stock market.

Right, but you don't want your currency to rise and drop unpredictably. The purpose of money is to reliably store value. Look at the economies of places that have a currency that changes in value rapidly, they're a giant mess and unemployment is through the roof because nothing is stable. That's the same problem with bitcoin, it doesn't hold a stable value. People who are drawn to the volatility are bad for the prospects of bitcoin as a currency, because they're only interested in making a profit off its volatility, which leads to more volatility.
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June 13, 2016, 09:53:10 PM
 #205

I think bitcoin is already an international currency as it is gaining popularity and there is increase in the market cap of bitcoin in compare to last year.
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June 13, 2016, 10:15:48 PM
 #206

I think bitcoin is already an international currency as it is gaining popularity and there is increase in the market cap of bitcoin in compare to last year.
Nah its not a real international currency right now due to the fact that its a currency that is not globally known right now and also not used globally right now.
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June 13, 2016, 10:17:44 PM
 #207

I think bitcoin is already an international currency as it is gaining popularity and there is increase in the market cap of bitcoin in compare to last year.
Nah its not a real international currency right now due to the fact that its a currency that is not globally known right now and also not used globally right now.

Its not used globally but people are getting aware about it and sooner or latter it will become global currency when it will reach to each and every person.
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June 14, 2016, 01:56:27 AM
 #208

I think bitcoin is already an international currency as it is gaining popularity and there is increase in the market cap of bitcoin in compare to last year.
Nah its not a real international currency right now due to the fact that its a currency that is not globally known right now and also not used globally right now.

Its not used globally but people are getting aware about it and sooner or latter it will become global currency when it will reach to each and every person.
In our country it is getting popular because the central bank are already beginning to impose strict requirements of our local exchange sites. They already required us like to comply with the KYC policy.

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June 14, 2016, 03:37:32 AM
 #209

In the future it will be, more people will adopt bitcoins because of the good benefits we can get when using it. It is good for the people who has an online business as they can easily attract buyers with the simple payment system yet very affordable of charges.

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June 14, 2016, 09:08:08 AM
 #210

Bitcoin will be more worth and that is really nice and you can even see now that Bitcoin is becoming more worth and that is perfect for the people who already have Bitcoin.
You see that Bitcoin is becoming more used and more popular and that is nice.
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June 14, 2016, 10:01:22 AM
 #211

With high price and expensive price yes bitcoin can be the international curreny like Dollar. But it's still a long journey for bitcoin, maybe someday it will happen.
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June 14, 2016, 10:03:11 AM
 #212

With high price and expensive price yes bitcoin can be the international curreny like Dollar. But it's still a long journey for bitcoin, maybe someday it will happen.

May be its possible in future, but at a moment its not an international currency yet, as many people are not aware about it and also it is not widely used and accepted like dollar.
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June 14, 2016, 01:20:22 PM
Last edit: June 14, 2016, 08:15:07 PM by RodeoX
 #213

It already is. I use it internationally all the time.  Huh

I have used it in Turkey, UK, Netherlands, Oman, USA, Jordan, Panama, Dubai, Israel, Canada, Japan, and soon in Iceland. That's international right?

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June 14, 2016, 08:09:01 PM
 #214

Not yet, it has not achieved global acceptance yet and once it gets it can be called as an international currency not before that and I think it will take some more time for that.
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June 14, 2016, 08:11:54 PM
 #215

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?
To use it everywhere say at restaurants or to get a cab or bus ride it will need to be mobile. So smart phones are the thing of the future for that. It's already used internationally but yes it is still exchanged for the money of the country the people are in so they can pay bills etc. with it.
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June 14, 2016, 08:37:41 PM
 #216

bitcoin is sooner or later going to be an international currency when all the banks will go down and all people will start using crypto

 
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June 14, 2016, 08:40:21 PM
 #217

bitcoin is sooner or later going to be an international currency when all the banks will go down and all people will start using crypto

Lol that is never possible that banks will get disappear, banks are the most strongest and trusted financial institutions we have and bitcoin don't hold that great power to replace them.
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June 14, 2016, 08:46:21 PM
 #218

Not yet, it has not achieved global acceptance yet and once it gets it can be called as an international currency not before that and I think it will take some more time for that.

Considering people bought during the crisis in greece, not many but people were aware of their options.

I say we are already known as a international medium, not currency.

Its more of a western union type of play then anything else in my view.
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June 14, 2016, 10:50:25 PM
 #219

At my opinion it's can't be till everycountry will accept bitcoin as legal currency, but bitcoin is for far from it, it's not even accepted everyting online.

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June 15, 2016, 07:40:45 AM
 #220

At my opinion it's can't be till everycountry will accept bitcoin as legal currency, but bitcoin is for far from it, it's not even accepted everyting online.
It is too early to tell, we have to pass thru many test in order to determined how the potential of bitcoins in the future to be the international currency, and speaking of international currency the government has their own interest so it would really be hard to achieve that level.
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