What would it actually take to make BitCoin the most used currency in the world?

[psomas2]

What would need to happen to the global economy to actually make Bitcoin take over in place of National Currency like, USD, CAD or EURO?

So many people on here are banking on this happening one day, many even openly use this as a reason to invest in coins like Monero.
So I ask you, what do you think it would it actually take to make that happen?

WW3? An Asteroid, Alien Invasion?

[Doamader]

What would need to happen to the global economy to actually make Bitcoin take over in place of National Currency like, USD, CAD or EURO?

So many people on here are banking on this happening one day, many even openly use this as a reason to invest in coins like Monero.
So I ask you, what do you think it would it actually take to make that happen?

WW3? An Asteroid, Alien Invasion?

Well bitcoin need to achieve the merchants, the online merchants, big companies must accept it, support it, soo countries can regulate it or allow it to be used and traded. Besides that bitcoin volatility may be one of the bigges challenges since its decentralized.

[nor9850]

What would need to happen to the global economy to actually make Bitcoin take over in place of National Currency like, USD, CAD or EURO?

So many people on here are banking on this happening one day, many even openly use this as a reason to invest in coins like Monero.
So I ask you, what do you think it would it actually take to make that happen?

WW3? An Asteroid, Alien Invasion?

Well bitcoin need to achieve the merchants, the online merchants, big companies must accept it, support it, soo countries can regulate it or allow it to be used and traded. Besides that bitcoin volatility may be one of the bigges challenges since its decentralized.

Before bit coin could achieve all that it would break from over use and slow transaction speed. But it would take a global disaster or some kind of new invention that causes humans to be able to travel around the globe much more freely, thus requiring some kind of globally recognized currency

[Leonard2016]

i think it is very hard to reach that level you have in mind and it may never happen but it is possible for bitcoin to grow a lot more than this.

and for that it only needs more adoption by the merchants. for example if some big corporate like Amazon starts accepting bitcoin then bitcoin can grow so big.

[Yakamoto]

What would need to happen to the global economy to actually make Bitcoin take over in place of National Currency like, USD, CAD or EURO?

So many people on here are banking on this happening one day, many even openly use this as a reason to invest in coins like Monero.
So I ask you, what do you think it would it actually take to make that happen?

WW3? An Asteroid, Alien Invasion?

Collapse of absolutely every value system and form of currency throughout the globe, a swift implementation of upgraded and simplified Bitcoin infrastructure, a lighting network or similar form of killer app, and an aggressive campaign by the community to get it in place as the most used currency, primarily through getting large chains or whoever to accept it and branding it as the only currency that went up when everything collapsed.

WW3 wouldn't do much to be honest (and it would wreck Bitcoin if it was nuclear, like everything else) and asteroid would kill everything or a lot of things (most likely) and thus that is a write-off, and an alien invasion might gives us something to do before we get wiped out, but if we beat them or at least make peace with them we might get absorbed into the intergalactic community and adopt whatever they have.

[nor9850]

i think it is very hard to reach that level you have in mind and it may never happen but it is possible for bitcoin to grow a lot more than this.

and for that it only needs more adoption by the merchants. for example if some big corporate like Amazon starts accepting bitcoin then bitcoin can grow so big.

If amazon started using BTC as a payment method it would make people now very rich, but then it would level out as the whole world sells to cash in.

[simon66]

Slow and steady wins the pace guys.. We are gaining good ground, and by the looks of elections the people all over the world are loosing faith in their governments..

[Nahl]

actually it's very difficult to make bitcoin as international currency such as USD or EURO because some people considers that digital currency less worth than traditional currency however currently bitcoin already use for worldwide people and without much people realize that indirectly bitcoin has become global currency

[nor9850]

actually it's very difficult to make bitcoin as international currency such as USD or EURO because some people considers that digital currency less worth than traditional currency however currently bitcoin already use for worldwide people and without much people realize that indirectly bitcoin has become global currency

True it already is a global currency in a sense, but you cant depend on it to survive. right now you could only depend on it as long as you could sell it for Fiat Cash

[MingLee]

i think it is very hard to reach that level you have in mind and it may never happen but it is possible for bitcoin to grow a lot more than this.

and for that it only needs more adoption by the merchants. for example if some big corporate like Amazon starts accepting bitcoin then bitcoin can grow so big.

If amazon started using BTC as a payment method it would make people now very rich, but then it would level out as the whole world sells to cash in.

Amazon starting to accept Bitcoin as a form of payment might make people right now rich because of the price jump, but if I'm remembering right PayPal is owned by Amazon so that would also be a pretty big thing; namely Amazon seceding the near exclusivity of their own payment platform.

It would be a pretty big thing, but the speculation can only run so rampant before it becomes too fantastical for a realistic scenario.

[nor9850]

i think it is very hard to reach that level you have in mind and it may never happen but it is possible for bitcoin to grow a lot more than this.

and for that it only needs more adoption by the merchants. for example if some big corporate like Amazon starts accepting bitcoin then bitcoin can grow so big.

If amazon started using BTC as a payment method it would make people now very rich, but then it would level out as the whole world sells to cash in.

Amazon starting to accept Bitcoin as a form of payment might make people right now rich because of the price jump, but if I'm remembering right PayPal is owned by Amazon so that would also be a pretty big thing; namely Amazon seceding the near exclusivity of their own payment platform.

It would be a pretty big thing, but the speculation can only run so rampant before it becomes too fantastical for a realistic scenario.

"but the speculation can only run so rampant before it becomes too fantastical for a realistic scenario."

This what we call the creation of a bubble

[groll]

It takes time I guess.  Given that bitcoin do have good value but less people knew its existence.   In time, if many people will be familiar with bitcoin, the demand would rise and it will get attention from people.  Companies, banks, and other financial institutions might consider using and patronizing bitcoin as part of their transactions then many people will use it.  If many people will become more familiar with bitcoin, then one day government might consider them.

[chesatochi]

I think the day when you can start buy anything with Bitcoin from an airplane ticket or you grocery. Also, have the possibility to get paid in Bitcoin in any job !

[crairezx20]

actually it's very difficult to make bitcoin as international currency such as USD or EURO because some people considers that digital currency less worth than traditional currency however currently bitcoin already use for worldwide people and without much people realize that indirectly bitcoin has become global currency

Yeah right also bitcoin will be the same as perfect money as alternative only for buying or paying online.. but the advantage of bitcoin is you can tranfer bitcoin fast unlike the other services.. paypal it takes time before you can receive to withdraw or perfect money withdraw your funds in westernunion it takes   
day before you can receive it.. here in my country bitcoin you can instantly receive it via banks or cardless... this is one of the good advantage of bitcoin..

[purebitco]

we dont need much, we just need a world wide adoption, then people will see that it is better to use bitcoins and have small or non fees then bitcoin will become a worldwide currency

[Aamir1]

What would need to happen to the global economy to actually make Bitcoin take over in place of National Currency like, USD, CAD or EURO?

So many people on here are banking on this happening one day, many even openly use this as a reason to invest in coins like Monero.
So I ask you, what do you think it would it actually take to make that happen?

WW3? An Asteroid, Alien Invasion?

Bitcoin would only be able to take over the national currencies like USD or EURO if the governments of every country accepts it to get adopted by banks or big companies connected to government directly or indirectly, but that does not seem to be possible because the price of bitcoin is never stable and because of that any company holding any funds in the shape of bitcoin would pick up losses when the price drops a bit and that wont let governments accept it.

[amacar2]

Taking over local/national currency is not possible for bitcoin for sure as bitcoin will always remain as assets just like gold, silver available to trade and earn from. Bitcoin can't have stable price just like national fiat so pricing everything in bitcoin value will be hard so national economy can't fully depend upon bitcoin.

[virusasog]

Taking over local/national currency is not possible for bitcoin for sure as bitcoin will always remain as assets just like gold, silver available to trade and earn from. Bitcoin can't have stable price just like national fiat so pricing everything in bitcoin value will be hard so national economy can't fully depend upon bitcoin.

Yeah Its not possible and US government will not allow bitcoin to move further in world market, If bitcoins moves further and become centralized means USD value will decrease due to lack of use because If bitcoin arise most of the people will use that only in international transactions...

[Junko]

In addition to more merchants accepting it, it would take people to realize the benefits and utility of using bitcoin. And that would mean them, them being the mainstream world population, to get past all the fud that gets pumped out about bitcoin. Hopefully, as people see bitcoin passing the test of time - not dying out despite all the constant fud, they will realize and think, "Hey, maybe this bitcoin thing is legit afterall," and look into further for themselves.

In the meantime, those of us already on the bitcoin train can continue to accumulate and grow our bitcoin stashes...

[Ayers]

i think it need to be used by the mass nothing more or less, until the majority of people use it you can not have a good future for bitcoin, but before that big merchants like amazon need to exist, only then you will have a solid future for bitcoin