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Author Topic: Bitcoin as Main Currency  (Read 6009 times)
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March 03, 2017, 12:26:28 PM
 #141

Bitcoin is a digital currency which is being popular since years. And I think it is still light years from being a main currency, bitcoin may be a successful digital currency, but not as a main or real currency.

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March 03, 2017, 12:40:44 PM
 #142

It's not impossible but its quite difficult cause not everybody can understand how the process of bitcoin works. It's quite complicated for beginners.  Smiley Wink
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March 03, 2017, 12:52:42 PM
 #143

it may happen in the future, however, it will be a very long road. it only begins when people Bitcoin is recognized as a legal currency, there is a lot of trouble at the moment, so it would be very unlikely. I feel excited if it happens. but there are many different countries using Bitcoin, why did you choose USA? something favorable than in other countries or not? I think, it will be easy to place more countries have recognized Bitcoin, they already have the technology and tools used in everyday life Bitcoin, it is very amazing, we absolutely can be confident about the future of Bitcoin in those countries
But, Now Bitcoin is still very rare in some countries, their knowledge against the bitcoin is really very low,
so when we say the name "Bitcoin" they are confused, what is that Bitcoin. This will be an obstacle
for the Government to accept bitcoin as main currencies.
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March 03, 2017, 01:08:44 PM
 #144

I don't think many bitcoin users want their currency to become main. As for sure, we can't even dream about it for next nearest 10 years.
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March 03, 2017, 01:34:58 PM
 #145

I don't think many bitcoin users want their currency to become main. As for sure, we can't even dream about it for next nearest 10 years.
Why do you think bitcoin users won't their currency to become the main one, not only in the market but also in the physical world. Being the main currency for bitcoin is a huge step for being more stable and being strong in the market because more people will use bitcoin as a currency and it will help bitcoin price to become higher and more stable and strong.
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March 03, 2017, 01:47:03 PM
 #146

I don't think many bitcoin users want their currency to become main. As for sure, we can't even dream about it for next nearest 10 years.

I believe that it is proper for bitcoins to be not a main currency. If it becomes a main currency then its value will no longer rise. The increase in value is one thing that makes this coin very special as a currency. If it becomes an ordinary currency then there is no much fun in it and we will no longer enjoy the price increase when the time comes.
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March 03, 2017, 01:54:34 PM
 #147

No. It will create many problems for government so I don't think government will allow bitcoin as main currency.

the currency is the most important means of payment in the world, so it is indeed the Government will surely prefer to keep using the currencies they charge. because only then they can still control and overseeing all circulation of money is different in each country, with bitcoin. Any Government would not be able to control and supervise all transactions or funds that exist therein. Because the bitcoin untraceable who's original owners.
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March 03, 2017, 01:57:27 PM
 #148

I was just curious but, what would you guys think if Bitcoin was the main currency of America. Would you like it and agree with it or would you agree with the current main currencie(s) we have.
That might not be possible. There not a single percent chance for that scenario to happen.
USD is considered as the official currency for like conversion bases.
Like it is used as a universal currency. But bitcoin is just an online currency a crypto currency.
It can just be a mode of payment but can never replace USD

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March 03, 2017, 02:01:25 PM
 #149

I don't think many bitcoin users want their currency to become main. As for sure, we can't even dream about it for next nearest 10 years.
for the time is certainly real money is still the main currency. but we can predict that in future most countries would have difficulty getting raw material for paper. so it could have been bitcoin become an alternative. bitcoin a digital currency is environmentally friendly because it does not depleting natural resources.
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March 03, 2017, 02:15:41 PM
 #150

I was just curious but, what would you guys think if Bitcoin was the main currency of America. Would you like it and agree with it or would you agree with the current main currencie(s) we have.

I am not a citizen of America but I am not sure how that will play out and reason being that USA is want to keep its influence over other countries of the world and one of the reason for that is because of the adoption of its currency I mean the US dollars and immediately they change to btc then I see that influence whittle down. Then there wont be room for them to give sanctions on countries or individuals not doing the right thing by freezing their accounts all over. That alone is something why I dont see them changing the currency to btc they find difficult to control.
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March 03, 2017, 02:20:27 PM
 #151

I don't think many bitcoin users want their currency to become main. As for sure, we can't even dream about it for next nearest 10 years.

Actually that is true. We have our own opinion about this bitcoin as mainstream currency.
I dont agree also with that. I dont want to see bitcoin falling to the officials of the government and just using it to milk money for their own profit.
In some way, I want it to be a currency for the online world, I mean no more other option but just bitcoin.
Better than making it like a physical money.
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March 03, 2017, 02:28:52 PM
 #152

bitcoin really has the potential to become a major currency. Well, bitcoin has been the major currencies on the internet, but not in the real world, because bitcoin has not been fully recognized by some countries. if bitcoin has been recognized, I think bitcoin will be the main currency.
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March 03, 2017, 02:50:25 PM
 #153

I was just curious but, what would you guys think if Bitcoin was the main currency of America. Would you like it and agree with it or would you agree with the current main currencie(s) we have.

The value of a dollar will be useless and worthless. No regulations on money or no monetary policy, it will become unitless. People would invest their money into bitcoin so it will drag money out and our economy would become unbalance.
There are also some difficulties of borrowing money in bitcoin because of the inflation rate. You can't determine what might gonna happen in the value of our bitcoin. Many investors and companies will be lost. I can't figure out the situation!   














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March 03, 2017, 02:57:17 PM
 #154

I don't think many bitcoin users want their currency to become main. As for sure, we can't even dream about it for next nearest 10 years.
for the time is certainly real money is still the main currency. but we can predict that in future most countries would have difficulty getting raw material for paper. so it could have been bitcoin become an alternative. bitcoin a digital currency is environmentally friendly because it does not depleting natural resources.
I am totally agree that bitcoin is a digital currencies are environmentally friendly,
But if the issue of raw materials for paper money, I think the Government will always
have a stock about that. And it's (Fiat money) will always be a main currency.
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March 03, 2017, 04:44:15 PM
 #155

No, seriously I don't like it, I use bitcoin because bitcoin is a crypto currency and it is different and new technology on online.  But first of all, it wouldn't be happened now and also in future, that bitcoin will be used as a main currency of America and any other more country.

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March 03, 2017, 07:01:54 PM
 #156

I was just curious but, what would you guys think if Bitcoin was the main currency of America. Would you like it and agree with it or would you agree with the current main currencie(s) we have.

I'm not agreed with it, Let us stick on the original essence of what bitcoin is. Since it became famous all around the world, let us focus to that matter. Besides many are happy for what bitcoin so far right now.
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March 03, 2017, 07:10:41 PM
 #157

bitcoin really has the potential to become a major currency. Well, bitcoin has been the major currencies on the internet, but not in the real world, because bitcoin has not been fully recognized by some countries. if bitcoin has been recognized, I think bitcoin will be the main currency.
yes that is right to say, there is n doubt about this that bitcoin has the potential to become the major currency of the world. although bitcoin has already the umber one digital currency but for overcoming fiat currencies it still need a lot of time, because still a few % of people are using bitcoin and when the users will increase then bitcoin will be the most popular currency of the world.

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March 04, 2017, 02:31:31 AM
 #158

I was just curious but, what would you guys think if Bitcoin was the main currency of America. Would you like it and agree with it or would you agree with the current main currencie(s) we have.

It needs a lot of time to be this thing possible. Because we need to have a stable connection on every houses or must have to be an individual Credit Card or ATM Cards to use because Bitcoin only exists inside the internet. If this thing will happen, other currencies will fall as well. But as I can see, this will need a lot of time to make this happen.
Satlite
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March 23, 2017, 06:00:30 PM
 #159

I was just curious but, what would you guys think if Bitcoin was the main currency of America. Would you like it and agree with it or would you agree with the current main currencie(s) we have.

It needs a lot of time to be this thing possible. Because we need to have a stable connection on every houses or must have to be an individual Credit Card or ATM Cards to use because Bitcoin only exists inside the internet. If this thing will happen, other currencies will fall as well. But as I can see, this will need a lot of time to make this happen.

That is right. That is the reason the bitcoin will coexist with other fiat in the long term.
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March 23, 2017, 09:15:17 PM
 #160

This is a very foolish idea to have bitcoin as a main currency in USA. Bitcoin is not a real world currency by nature and structure. It is an anonymous and decentralized currency without any regulatory authority. It will create huge economic disparity around the world if it is accepted as a main currency  in USA.

The most important thing is that bitcoin price is mainly based on public trust where the other currency is valued based on the gold reserve. So bitcoin can be accepted by individual merchants but certainly not by a country. 

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