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Author Topic: When will be see bitcoin as international currency?  (Read 21156 times)
deepaksharma (OP)
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August 04, 2016, 12:10:54 PM
 #1

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

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August 04, 2016, 12:19:41 PM
 #2

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

This will take many more years to come. Especially now after another bitcoin exchange security breach. The bitcoin price is just not stable enough to be a major international currency. Investors are getting spooked out of bitcoins too fast.
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August 04, 2016, 01:56:48 PM
 #3

Bitcoin is already an International Currency. don't you know bitcoin is being used worldwideley. you can almost use bitcoin on the whole world every corner of the word where you get access to Internet you can use bitcoin you can buy sell everything.
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August 04, 2016, 11:02:10 PM
 #4

BTC's an international currency now! International people use it, but it could be used much more if it was easier, much easier for travelers to exchange BTC with the local fiat currency.

I used to be a citizen and a taxpayer. Those days are long gone.
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August 04, 2016, 11:58:51 PM
 #5

As people are awarding of bitcoin & its potential.When we can see bitcoin as international currency? Huh
Not for the international currency, until this time I don't or ever seeing about the international currency. If wanna say like a dollar, it's not an international currency but just the currency from the developed country is giving a big impact for the global.

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August 05, 2016, 12:01:30 AM
 #6

Never. I've got another question for you: when will we be able to be anonymous in this world? The institutions of this world are constantly tracking our moves. It's like we are their pets and we need 'to be safe'. We can be unsafe whether they are tracking us or not. Bitcoin being anonymous, ir's now their enemy. They got to come with really bad news to bring BTC to a low popularity. Unless they will find a way to make BTC trackable, it's never gonna happen.
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August 05, 2016, 12:36:58 AM
 #7

BTC's an international currency now! International people use it, but it could be used much more if it was easier, much easier for travelers to exchange BTC with the local fiat currency.

Yes, I agree. And that is why several international networks of illegal trafficking are taking advantage of bitcoin to carry out their transactions, and you also can easily buy and sell different goods around the world with bitcoins, provided that those stores accept it.
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August 05, 2016, 01:29:43 AM
 #8

Bitcoin is already an international currency, but only the number of users is still very very low. In addition, as it requires some kind of connectivity (to assess the ledger and to transmit the transactions), it is not being used in your day-to-day groceries.

Give us another 10 years!
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August 05, 2016, 01:31:26 AM
 #9

Bitcoin is already an international currency, but only the number of users is still very very low. In addition, as it requires some kind of connectivity (to assess the ledger and to transmit the transactions), it is not being used in your day-to-day groceries.

Give us another 10 years!
But not all countries view it as a currency so how can it be an international currency if it is not globally accepted?
I would still consider it an e-currency for political correctness sake.
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August 05, 2016, 01:36:00 AM
 #10

Bitcoin is globally accepted, if someone in another country wants to sell you something and will take bitcoin for payment then that 1 transaction by itself makes it a global currency.

If you are talking about it being the currency of the globe then that is extremely unlikely to ever happen .

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August 05, 2016, 01:40:13 AM
 #11

I believe op wanna ask when bitcoin will be accepted as a payment currency, or used as the fiat currencies.
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August 05, 2016, 01:48:57 AM
 #12

I believe op wanna ask when bitcoin will be accepted as a payment currency, or used as the fiat currencies.
I think bitcoin, it has become the currency that we can use to buy something. And bitcoin was created as money in general. But if bitcoin becomes fiat I think is unlikely to happen, because there must be a country that adopts bitcoin. And thats contrary to the nature of bitcoin namely decentralization. Thank you

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August 05, 2016, 02:03:26 AM
 #13

It is already an international currency because you can spend bitcoin in international online shop but as of now bitcoin has no physical coin to spend in different store in every country just always use an internet to go the transaction.
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August 05, 2016, 02:48:06 AM
 #14

I don't think you'll ever see bitcoin in every shop. Bitcoin is an online cryptocurrency, do you see an online payment method, like paypal, being used to buy coffee? Not usually.

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deepaksharma (OP)
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August 05, 2016, 04:04:58 AM
 #15

Thanks to all for replying.I think it is not gonna soon.

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August 05, 2016, 04:08:02 AM
 #16

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

since bitcoin can be used and is being used by people all around the world then you can consider it as an international currency, also bitcoin is not controlled by any nation and does not belong to any of them too and that is another reason for considering it as an international currency already.

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August 05, 2016, 04:33:28 AM
Last edit: August 05, 2016, 04:46:45 AM by aubert
 #17

when all countries already regulates bitcoin,if few countries banned bitcoin it'll no matter if the rest is still consider it as legal thing,but untill now bitcoin still between legal and illegal in so many countries so it'll took couple of year maybe
although bitcoin is already an international currency but not legal in few countries

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August 05, 2016, 04:48:09 AM
 #18

BTC's an international currency now! International people use it, but it could be used much more if it was easier, much easier for travelers to exchange BTC with the local fiat currency.
definitely right,various race and ethnic use bitcoin,every living people on this world have the right to use bitcoin without any limitation or restriction so it's actually already an international currency no matter what

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August 05, 2016, 05:21:22 AM
 #19

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

if by that you mean when bitcoin is being used by every single person on the planet and replaces fiat then the answer is Never.
but bitcoin is an international currency right now in a sense that it can be used by anybody in any country without any restriction from bitcoin (the restrictions may be from the government though).

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August 05, 2016, 05:27:47 AM
 #20

Most countries have deep emotional ties and a history with their own national fiat currencies, so I have serious doubts, that Bitcoin would replace these currencies. You might see it replaced in countries where the fiat currencies collapsed and/or people are in the process of a revolution against their governments.

This will only serve as a temporary alternative, for fiat currencies. ^hmmmm^

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