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Author Topic: When will be see bitcoin as international currency?  (Read 21156 times)
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May 30, 2017, 01:22:24 PM
 #461

By the year 2020 i think there will be bitcoin atm's anywhere

Anywhere? Maybe this is possible anywhere on a first world countries like US or Europe. However when you talk about the whole world then 2020 might be too early to say that btc could be an international currency
in fact it s depending on the interest and the number of users of bitcoin. if the number of bitcoin uses are increasing throughout the world, then bitcon will surely become global and international currency very soon. currently i think the number of bitcoin users are increasing too much as the demand of bitcoin is increasing which is also causing the increase in the price of bitcoin.
- Sure, 2020 is still too early, Bitcoin needs more, it needs a very long time to grow and become more popular than ever. Bitcoin will become international currency when it is known to many people around the world and accepted by governments but want to do that, it needs to improve a lot of problems. Especially issues related to time accept transactions and technology issues to make payment more convenient and secure, if these issues are resolved, bitcoin will have great breakthroughs


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May 30, 2017, 09:52:46 PM
 #462

By the year 2020 i think there will be bitcoin atm's anywhere

Anywhere? Maybe this is possible anywhere on a first world countries like US or Europe. However when you talk about the whole world then 2020 might be too early to say that btc could be an international currency
in fact it s depending on the interest and the number of users of bitcoin. if the number of bitcoin uses are increasing throughout the world, then bitcon will surely become global and international currency very soon. currently i think the number of bitcoin users are increasing too much as the demand of bitcoin is increasing which is also causing the increase in the price of bitcoin.
- Sure, 2020 is still too early, Bitcoin needs more, it needs a very long time to grow and become more popular than ever. Bitcoin will become international currency when it is known to many people around the world and accepted by governments but want to do that, it needs to improve a lot of problems. Especially issues related to time accept transactions and technology issues to make payment more convenient and secure, if these issues are resolved, bitcoin will have great breakthroughs
yes that is right, but to me i think the users of bitcoin are already present in all over the world, despite the fact that in some places their number are negligible but still it is present in all over the world and therefore i would like to say that we can consider bitcoin as an international currency.
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June 14, 2017, 12:21:31 PM
 #463

As people are awarding of bitcoin & its potential.When we can see bitcoin as international currency? Huh

Every day a lot of people are getting involved / or discovering bitcoin. Meaning after a year or maybe even month it doubled. I can see bitcoin as international currency 10 - 20 years after. But technology also needs to reach some countries / provinces first.
Bitcoin as international currency is great because you don't have to convert it when you go to other countries. Unlike money, if you're in the Philippines your money must be peso and when you go to other country like America, your money must be in dollar.

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June 14, 2017, 12:55:44 PM
 #464

As people are awarding of bitcoin & its potential.When we can see bitcoin as international currency? Huh
Bitcoin is already available internationally.But for it to become an international currency like dollars,it has to be accepted legally in all countries.Now Japan has accepted it legally and few more countries are considering to accept it legally.It would take some more years for this to happen.
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June 14, 2017, 02:45:28 PM
 #465

As people are awarding of bitcoin & its potential.When we can see bitcoin as international currency? Huh
Bitcoin could be international currency if some countries started to accpet bitcoin as a legal currency or accepting bitcoin as a real money. And if that happens many bitcoin users will be happy because they can now use bitcoin to buy the things that they wanted without converting bitcoin into a real money.
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June 14, 2017, 02:56:06 PM
 #466

I agree with what other members have said about Bitcoin as of right now being an international currency. Even though it is not official yet in any country, the amount of users and what country they are receiving or sending Bitcoin will make it count as an international currency. The fact that Bitcoin users are all over the world makes it a international or global currency because you don't need to change it into another currency but you can send it directly as it is because it is acknowledge as a kind of currency.
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June 14, 2017, 03:01:36 PM
 #467

As others have already stated that bitcoin is an international currency as it is being used by people from various parts of the world. But if you are asking that it become currency of exchange between countries and for official trades. I doubt that it could happen because this involves government. And I think that governments of all the countries would never accept bitcoin. I think that it shouldn't even happen. If governments will get into bitcoin then they will definitely try to control it and this is not what bitcoin is about.
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June 14, 2017, 03:10:17 PM
 #468

As I observe bitcoin is already available worldwide but not globally accepted. In some countries bitcoin is not yet fully accepted in exchange of goods and services. Maybe after 5-10years there is development that it will used internationally.
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June 14, 2017, 03:30:25 PM
 #469

As people are awarding of bitcoin & its potential.When we can see bitcoin as international currency? Huh
Bitcoin could be international currency if some countries started to accpet bitcoin as a legal currency or accepting bitcoin as a real money. And if that happens many bitcoin users will be happy because they can now use bitcoin to buy the things that they wanted without converting bitcoin into a real money.
it could happen because Japan accepted the bitcoin to be legal in their country and it is also the reason why the bitcoin price is increasing but there are so many barriers right now for example general acceptance. If the whole world will recognize bitcoin it can be accepted as a global currency in the future.
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June 14, 2017, 04:10:54 PM
 #470

Bitcoin is already accepted in many countries, and like any other type of payment or currency it is not going to be accepted or used by everyone in this world, i means take paypal or credit cards for exemple not every person in the world uses it and they still exist because it is somthing not sutibale for everyone and the same case with bitcoin.
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June 14, 2017, 04:55:22 PM
 #471

Bitcoin is already accepted in many countries, and like any other type of payment or currency it is not going to be accepted or used by everyone in this world, i means take paypal or credit cards for exemple not every person in the world uses it and they still exist because it is somthing not sutibale for everyone and the same case with bitcoin.

Half correct for me.
I dont want to compare it with paypal or credit cards.
There will be a time that this world will grow more with technology and we will be needing a currency that will provide for the transaction every time we use the new technology or machinery.
Some dont see it, but this world is changing fast.
Just look at how internet grew and also the way we communicate. Very few are now using paper mails because of e-mails and sometimes they just use social media for the messaging purpose.
There will be a time for bitcoin, it might not be near yet but it will come.
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June 14, 2017, 05:15:49 PM
 #472

As I observe bitcoin is already available worldwide but not globally accepted. In some countries bitcoin is not yet fully accepted in exchange of goods and services. Maybe after 5-10years there is development that it will used internationally.
yes there is no doubt that bitcoin users are present throughout the world, although it is not yet accepted by all the states while japan has taken the step but i am hopeful that very soon other countries will soon follow them and will turn bitcoin legal currency, we can can say that very soon we will be able to say that bitcoin is an international currency, and hope that very soon we all will also be able to use bitcoin even in our local shops.
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June 14, 2017, 05:29:56 PM
 #473

As I observe bitcoin is already available worldwide but not globally accepted. In some countries bitcoin is not yet fully accepted in exchange of goods and services. Maybe after 5-10years there is development that it will used internationally.
Maybe you're right, As a very popular cryptocurrency bitcoin should wait some years to be an international currency and all countries will start use it around the globe. Because until this moment, there is some countries didn't accept bitcoin like a method of payment. So my prediction is, after 2020 bitcoin will be used in the whole world.

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August 24, 2017, 10:52:52 AM
 #474

that would still take many years for bitcoin to become international currency. It could only happen when most store and market are accepting bitcoin as payment, which is still far since not everybody know about bitcoin and if everybody does, it would still take years for government to make law regarding it. Well lets think about that when bitcoin price stabilized.

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August 24, 2017, 11:03:31 AM
 #475

Currently the development of bitcoin is greatly improved and also has been widely accepted by the public. So maybe we just wait for the time to make bitcoin can be made into an internationally recognized digital currency. Our current task is to continue to use bitcoin every day, as the increasing use of bitcoin will make bitcoin more familiar to the world community.
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August 24, 2017, 11:21:09 AM
 #476

I think Many of countries have been seen bitcoin as global currency.
For eg China and Australia Create bitcoin regulation recently And India is also thinking about that.

Bitcoin has made impact on internationally.

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August 24, 2017, 11:48:15 AM
 #477

I think Many of countries have been seen bitcoin as global currency.
For eg China and Australia Create bitcoin regulation recently And India is also thinking about that.

Bitcoin has made impact on internationally.

Cool, that is a great news about bitcoin, plenty of countries now accepting bitcoins and making rules and regulation about it. Well i think if all of the country accepts bitcoin and make it legal to their country and make a bill about it then i think that is the time all of the world leaders talking about how it will be a international currency in the future
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August 24, 2017, 12:04:30 PM
 #478

As I observe bitcoin is already available worldwide but not globally accepted. In some countries bitcoin is not yet fully accepted in exchange of goods and services. Maybe after 5-10years there is development that it will used internationally.
Maybe you're right, As a very popular cryptocurrency bitcoin should wait some years to be an international currency and all countries will start use it around the globe. Because until this moment, there is some countries didn't accept bitcoin like a method of payment. So my prediction is, after 2020 bitcoin will be used in the whole world.

Agreed with you, bitcoin is doing really well and its user base is also increasing by each passing day. Being a first crypotocurrency, bitcoin has shown tremendous growth since 2009. As per me, btcoin is already a international currency as it has been used worldwide. I think within 5 years, it would be recognized globally as a international currency.
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August 24, 2017, 03:05:19 PM
 #479

Still need a long process, when the world will be united with 1 currency, surely many people are difficult to accept, same as bitcoin, it depends how strong community and bitcoin users.
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August 24, 2017, 03:16:16 PM
 #480

I think Many of countries have been seen bitcoin as global currency.
For eg China and Australia Create bitcoin regulation recently And India is also thinking about that.

Bitcoin has made impact on internationally.
In reality bitcoin is getting termed to be the global currency. China and Australia are examples for the other countries that are with plans of implementing bitcoin or creating their own digital currency. I don't think India is not gonna make bitcoin legal at the earliest, because it needs a education base which is a difficult task to be attained in a highly populated country.

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