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Author Topic: What would it actually take to make BitCoin the most used currency in the world?  (Read 2982 times)
Betwrong
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August 22, 2016, 10:36:04 AM
 #81

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?

I think with time it will be so, but for now  Bitcoin is the most used cryptocurrency in the world and that's not bad too. Personally I don't understand why it should be a problem if Bitcoin is not the most used currency. Take the British Pound for example. It's not the most used currency but if you'd have lots of them you'd be happy, right? )

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BitFinnese
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August 22, 2016, 12:04:20 PM
 #82

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 need to be accepted by the government.  To do that, bitcoin must make sure to have the support of merchants, users and influencial company.  If the government saw that Bitcoin is a trend to merchants and majority of the population and think that they will have a profit without creating any economic issue if they implement bitcoin.  Im sure that they will acccept it.
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August 22, 2016, 08:59:00 PM
 #83

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?

I think with time it will be so, but for now  Bitcoin is the most used cryptocurrency in the world and that's not bad too. Personally I don't understand why it should be a problem if Bitcoin is not the most used currency. Take the British Pound for example. It's not the most used currency but if you'd have lots of them you'd be happy, right? )

yeah and it will be like it all the time, in my opinion bitcoin is going to stay huge and it will make me big profit in the future

 
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Aamir1
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August 25, 2016, 05:20:36 PM
 #84

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 need to be accepted by the government.  To do that, bitcoin must make sure to have the support of merchants, users and influencial company.  If the government saw that Bitcoin is a trend to merchants and majority of the population and think that they will have a profit without creating any economic issue if they implement bitcoin.  Im sure that they will acccept it.

I think big companies or businesses wont accept bitcoin right now as the price is not stable at all and if a company accepts it as a payment then they would probably have to keep a lot of bitcoins and what if the price drops while they have bitcoins? For sure they cannot hold them like a user can do so they would pick up a big loss.
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August 25, 2016, 05:41:57 PM
 #85

We need fast adoption and some experts who can solve the present market solutions.we need better stratgyes and more innovative ideas we need to advertise we have to spread bitcoin to every corner of the world so we can make it to mainstream
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August 25, 2016, 05:53:13 PM
 #86

We need fast adoption and some experts who can solve the present market solutions.we need better stratgyes and more innovative ideas we need to advertise we have to spread bitcoin to every corner of the world so we can make it to mainstream
besides mass adoption by the people we also need countries to be accepting it as an official currency in order for it to grow
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August 25, 2016, 07:24:59 PM
 #87

We need fast adoption and some experts who can solve the present market solutions.we need better stratgyes and more innovative ideas we need to advertise we have to spread bitcoin to every corner of the world so we can make it to mainstream
that would be really great to be honest and in my opinion bitcoin is going to be more adopted in the future

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August 25, 2016, 09:49:21 PM
 #88

We need fast adoption and some experts who can solve the present market solutions.we need better stratgyes and more innovative ideas we need to advertise we have to spread bitcoin to every corner of the world so we can make it to mainstream
that would be really great to be honest and in my opinion bitcoin is going to be more adopted in the future
it should actually be adopted way more because of the financial system starting to fail though anything might happen

 
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August 25, 2016, 09:56:58 PM
 #89

We need fast adoption and some experts who can solve the present market solutions.we need better stratgyes and more innovative ideas we need to advertise we have to spread bitcoin to every corner of the world so we can make it to mainstream
besides mass adoption by the people we also need countries to be accepting it as an official currency in order for it to grow
you are right though i dont think that would completely make the work done, i think that it will take a lot of time till this happens

 
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