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

[youhgt2]

bitcoin need to convince the big merchants if they start using bitcoin for their trading hope no one will be able to stop bitcoin from becoming the world most preferable currency of the world. and all the people will then use bitcoin for their trading.

[rphk]

many countries still not accepted bitcoin , first that needs to be legalized and government has to allow that for transactions. further that bitcoin has to become popular so that all the internet user should depend on that . many shopping places ,sites ,banks should allow the bitcoins ,then i believe it may come in to value of currency.

[MFahad]

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 is  cryto currency and as you said USD, CAD and EURO, those all are fiat currency, and you know now few years ago crypto currencies have introduce in this world, it need take some time, and hope after 10 years, bitcoin achieve more top places.    

[rio3233]

I think we can start do that from ourself. I mean, we can spread the information about bitcoin and the benefit of using bitcoin as currency and as investment.

[randy8777]

I think we can start do that from ourself. I mean, we can spread the information about bitcoin and the benefit of using bitcoin as currency and as investment.

no matter how much information we spread about bitcoin, we can't force people to use it. the impression of bitcoin on the average joe isn't helping at all. the media effect is having a serious impact on them. it sounds weird, but they have full trust and confidence in the government. something that isn't in control of the government is a danger spot for these people. don't think it will change.

[KiboPlatform]

It is also important to make it easy for people to understand, how to use bitcoin, wallets, etc. I think, if we provide more information in a simple way, that could have an effect.

[Wind_FURY]

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?

Start by making BTC scalable and capable of handling thousands of transactions per second without bloating the blockchain too much and without further centralization of mining. Until then stop asking such questions and be happy with what we have. BTC is still awesome.

[purebitco]

I think we can start do that from ourself. I mean, we can spread the information about bitcoin and the benefit of using bitcoin as currency and as investment.

yeah, i think that is the most that i can personally do at the moment though i doubt that it would help as people usually dont want to hear about it

[pereira4]

People need to be fucked up and slapped around a couple times more until they understand the importance of being self sufficient and holding your own savings instead of putting them in third party places like banks and whatnot. People will learn the hard way how valuable Bitcoin is.

[krishna1]

i think television advertisments will do the work.please someone take your profit any only for one month place a ad on any channel and say what bitcoin and how to join it

[Aamir1]

i think television advertisments will do the work.please someone take your profit any only for one month place a ad on any channel and say what bitcoin and how to join it

Just advertising on t.v wont do any wonders if there is no places accepting bitcoin as a payment system, what would people do with their bitcoins if they start using them? They would probably need places for spending them as well that is the way bitcoin can be used all over the world.

[maydna]

when the government didn't say anything about bitcoin, bitcoin will not be accepted as the most used currency in the world. the first thing is government will read and know about bitcoin. second, after they know and learn about the bitcoin technology and what is the most benefit of bitcoin to their economic, government will make a statement about bitcoin and maybe accepted bitcoin as a new currency for internet. third, we need store online which selling product and accept bitcoin as their payment.

when 3 step its done, then people will know and learn by doing and this will make bitcoin is the most used currency in the world.

[betohell]

bitcoin need to convince the big merchants if they start using bitcoin for their trading hope no one will be able to stop bitcoin from becoming the world most preferable currency of the world. and all the people will then use bitcoin for their trading.

yeah I think if bitcoin already mainstream and many merchants who accept bitcoin. I'm sure the development and growth of the adopter will grow very fast.

[richardsNY]

i think television advertisments will do the work.please someone take your profit any only for one month place a ad on any channel and say what bitcoin and how to join it

Just advertising on t.v wont do any wonders if there is no places accepting bitcoin as a payment system, what would people do with their bitcoins if they start using them? They would probably need places for spending them as well that is the way bitcoin can be used all over the world.

Don't forget that the far majority of the people use Bitcoin as an investment tool. In that aspect, advertising will do good as it may attract people to put some money into Bitcoin. Back in the days when the price reached $100 for the first time, it was in the media. At this point there might not been so much attention from people, but it reached the media again at $200, and $300, and so on. At that point people were seeing Bitcoin was only going up and up, and thus they were attracted. I am fairly sure the impact right now will be lower, but it will remain effective.

[bitbunnny]

At the moment Bitcoin is the most used cryptocurrency and that is huge success. Right now it can't totaly compete with fiat currencies because it still has some disadvantages, like huge volatility, and the whole financial system should have been changed.

[n691309]

I think that in countries that bitcoin is not supported and banned from their government bitcoin is being used in the illegal way of course and if these countries legalize bitcoin then I believe that bitcoin price will be increased but to be the most used currency I think people should move their big shares in bitcoin

Not the people, but big companies would have to move their big shares in bitcoin in order to make it one of the most used currencies in the world, because without that it would never be able to reach mainstream if it is not adopted by big companies around the world.

One of them are amazon, aliexpress, walmart etc those that have millions of costumers and from many different countries in the world and when they expand accepting bitcoin then it will make bitcoin price rising even more.

That would obviously rise the price of bitcoin if those sites accept bitcoin, but it would just spread in the world of internet but we need adoption to a large extent in physical world, so that the people unaware of bitcoin or having different or negative ideas about it start learning and knowing its usage.

When people see that bitcoin is listed in the popular websites that I mentioned above then they will look at this new way of payment and buy (especially when there is a better discount through bitcoin) or invest at all and join the bitcoin world. Another thing is to have a bitcoin logo on popular shops.

[ImHacked]

We only need to use it always.  We need also to introduce it to other people to be familiar with what bitcoin can do.  Many were still do not understand and heard nothing about bitcoins.  Some where afraid as they thinks it is not real money because they did not grasp it like the paper money.  We just need to strengthen it by using it everyday and introduce it to the world on what its potential.  Then when people knew about bitcoin they may be interested and use it. 

[xJuturna]

The best thing for Bitcoin would be more merchant acceptance which would allow a broader audience to become aware of and knowledgeable about bitcoin. I believe that's the starting point and there are more ways to make it the most used currency but you have to make the world aware of it on the same scale as their awareness to fiat. Once that is achieved then there's only a handful of reasons people wouldn't use bitcoin but that wouldn't outweigh the large number of people that would.

As of right now, I believe that's the biggest challenge bitcoin is facing at least in this particular situation.

[btc-facebook]

First your goverment must accept bitcoin and the time has come, EURO notice appearance , they may legalize bitcoin as world currency just like other currency ( EURO, US$ , etc )
But it's need time for happening since bitcoin still struggling about their value
   

[jak3]

every thing is accomplished. big companys like microsoft are accepting it as a payment is i being used at many places of the world and bitcoin atm's are also setuped now we just need to advertise it a little just to show people what it really is like televesion ads