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Author Topic: Bitcoin to be international currency  (Read 94629 times)
zhanghoqi5
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February 28, 2018, 03:07:19 AM
 #2101

Bitcoin is well known, and if it becomes an international currency, its price will be immeasurable.

Because it's measuring 21 million.
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nazaididuan1
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February 28, 2018, 03:26:04 AM
 #2102

I believe that as long as the state exists, it will be difficult to establish a set of monetary system that transcends national sovereignty and legalized digital encryption.

Digital cryptographic currency is just a choice for people to make financial activities!

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Bendz
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February 28, 2018, 03:32:56 AM
 #2103

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 my opinion, bitcoin has become an international currency because people in some countries have recognized bitcoin as a transactional tool and even use it as an investment tool. But legally bitcoin is not recognized as a currency because in every country already has its own currency. But bitcoin can be used by everyone from different parts of the world, because bitcoin itself is not bound by any country.
mstfprcn
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February 28, 2018, 11:49:27 AM
 #2104

I am not in favor of the idea. Due to many reasons. Like how it is limited, Bitcoin that can be circulated virtually is up to 21,000,000 which at first is big but all of us 7 Billion plus sharing it would not be enough to be considered as a global currency.
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February 28, 2018, 11:51:45 AM
 #2105

bitcoin is an independent currenccy. Based on a decentralized technology. Nobody can fully control it. nobody can claim it. so it is an international currency. you can use your bitcoins in anywhere in the world with almost same value.

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JerryJam
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February 28, 2018, 12:44:30 PM
 #2106

To describe the bitcoin network, the definition as a full-fledged peer-to-peer electronic money system is more suitable. The system is designed to make payments without intermediaries.Now the network of bitcoin is still in the stage of development and implementation of Bitcoin now serves as a digital gold.Bticoin needs to go through the development stage.Solve the problems of flexibility, scalability and anonymity. And only then can it become a world currency.

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CanadaGoose
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February 28, 2018, 01:21:39 PM
 #2107

I'd go as far as saying it already is the world currency. I mean all other currencies are tied to a geological space. Bitcoin is truly decentralised and by default global.
Creating N Action
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February 28, 2018, 01:26:26 PM
 #2108

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 it is because as we all know bitcoin is most powerful and popular crypto currency in all. Most of the people prefer bitcoin than the rest. In a matter of fact, bitcoin is peer to peer electronic money system  and used  as transactional tool.  I am favor with this because there are many investors who support bitcoin as well as people who enjoy doing bitcoin. Majority of the people used bitcoin that's why it id possible to make it happen.

Xenoph0bia
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March 01, 2018, 05:37:59 AM
 #2109

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 it is because as we all know bitcoin is most powerful and popular crypto currency in all. Most of the people prefer bitcoin than the rest. In a matter of fact, bitcoin is peer to peer electronic money system  and used  as transactional tool.  I am favor with this because there are many investors who support bitcoin as well as people who enjoy doing bitcoin. Majority of the people used bitcoin that's why it id possible to make it happen.
There is a long way to go.To become an international currency,it should be accepted all over the world.All the people must know about it.The governments and central banks should support it.But this is not the case.Bitcoin is banned in some nations.Bitcoin is not legalised in many nations and is also not backed by any central banks.Many people still depend on paper money for their day to day transactions.Bitcoin requires internet connection but this is also not possible in every corner of the world.
CoinChili
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March 02, 2018, 05:59:39 AM
 #2110

also not backed by any central banks

It is because Bitcoin is decentralized currency, Central bank will abolished if they allowed it. Or why don't they renamed it like. Decentalized Bank? Cheesy

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Many people still depend on paper money for their day to day transactions.Bitcoin requires internet connection but this is also not possible in every corner of the world.

Along the way, the entire world will be interconnected.
buiduc
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March 02, 2018, 06:05:01 AM
 #2111

Btc is absolutely international currency but i think it will be smart gold, and maybe don’t use to sell and buy, it will be storage property  Wink
MD Milon
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March 02, 2018, 08:44:44 AM
 #2112

I think bitcoin now as international currency.many countries accept it as a digital currency.many people across the world are use it,lot of people trade it.and invest it.definately,bitcoin now as international currency.
really01
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March 02, 2018, 10:06:19 AM
 #2113

I like bitcoin becoming international currency. But to achieve that, many companies have to accept bitcoin and other altcoin payments. with guarantees of valuable assets. The trend I see is growing a lot this year.
srmecdes
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March 02, 2018, 10:16:59 AM
 #2114

The problem is that even bitcoin users believe more in fiat than btc.
If they thought btc was the bomb, you will see more customers requesting that street stores add bitcoin payment options.
longhair0418
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March 02, 2018, 10:21:34 AM
 #2115

I think the current problem is its popularity. I am not talking about its popularity in the crypto world, but in the "real" world where people trade deal with transactions every day and for everything. let's imagine if you can use bitcoins or other types of cryptocurrencies in a supermarket, to pay for cars or tuitions, would you think that any current fiat has the ability to compete with the cryptos? Even with regulations from the government lead to taxing on the transaction, if we find a way to somehow maintain the anonymity and low transaction cost of cryptos, I believe we are looking at a huge potential in a crypto dominating future.
EinaiOraCoinDev
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March 02, 2018, 07:40:18 PM
 #2116

Bitcoin has already garnered the much needed global prominence. There is no gainsaying the fact that it is an already entrenched international currency. What is now needed is for governments and nations to make efforts towards making it a local legal tender. The rate at which Bitcoin is gaining relevance and the level of transactions that are been carried out with the crypto currency suggests nothing but a possibility of a global acceptance. At the rate at which Bitcoin is gaining popularity globally, in no time, we may begin to see framework that would make it generally acceptable.
komjhq
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March 02, 2018, 08:55:10 PM
 #2117

Bitcoin has already garnered the much needed global prominence. There is no gainsaying the fact that it is an already entrenched international currency. What is now needed is for governments and nations to make efforts towards making it a local legal tender. The rate at which Bitcoin is gaining relevance and the level of transactions that are been carried out with the crypto currency suggests nothing but a possibility of a global acceptance. At the rate at which Bitcoin is gaining popularity globally, in no time, we may begin to see framework that would make it generally acceptable.
You listen only to the desire of many Bitcoin users, but you need to look at things realistically. I think that Bitcoin can not have any prospects for the future, especially to use it as a means of payment. To date, Bitcoin is a good way to earn, but nothing more.
andrey111
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March 02, 2018, 09:14:45 PM
 #2118

Tim Draper, a well-known venture capitalist, said in an interview with Bloomberg "The world needs a new currency, so why can not it become bitcoin?" I fully agree with his words.
mayidid
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March 02, 2018, 10:08:14 PM
 #2119

Bitcoin is already an international currency and that means that you can use anywhere but you need to make sure that there is an internet connection so you can send or receive bitcoin without any problems. Even bitcoin is not known in the law for being international, you can still use it because it is decentralized and it doesn't depend on the government law or something related to that.
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March 02, 2018, 10:21:50 PM
 #2120

Bitcoin is already an international currency Cheesy
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