Bitcoin world currency

[Vikingr]

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

Every people just dream on it and just need time to make it true, becuase the dollar value of a Bitcoin is determined on an open market, just as is the exchange rate between different world currencies If many countries are legalizing bitcoin as a means of payment. Maybe in the future bitcoin Will be the world currency

This is something really difficult to comment on right now. It is because of the reason that at present, neither of the countries in the world announce it to be their national currency. So it is very time taking process for bitcoin to be the world currency. We can always hope for the best and bitcoin has this much tendency to recognize itself as the world currency one day.

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[muncuss]

This is something really difficult to comment on right now. It is because of the reason that at present, neither of the countries in the world announce it to be their national currency. So it is very time taking process for bitcoin to be the world currency. We can always hope for the best and bitcoin has this much tendency to recognize itself as the world currency one day.

bitcoin is enough to be payment method, just like paypal or payeer, it's more easy if bitcoin used as like that.
to be world currency, that still loooooong way.

[twobits]

Again as i said on my other post, this will take a lot of time. Coz more people out there are still doing FUDs despite of BTC's success and All time high. But who knows as we all see bitcoin has been unstoppable all through out and i hope this will continue. Many famous people who use to say bitcoin is a fraud are now entering cryptos and i believe that's a very big progress.

Too many FUD attack the bitcoin as the fraud, but many people already realized about the truth of the bitcoin itself, that will never unstoppable even the government can't be stopped the bitcoin itself to be used a lot of the people around the world.

[novhitadaloma]

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

Bitcoin will someday be accepted in all countries, and bitcoin will affect the economic sector.

[eann014]

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

Maybe you can just convert it in fiat, so you can use your money in other ways this is the simplest way to use it in other ways if you want to. We all know how bitcoin works and where do we need to use them so just stick to that and don't expect more about the transactions.

[raven7886]

I don't think that it would be that easy, although I am in favor of using bitcoin as the world currency. I just think that there will just be to much problem that will rise, not only in the world government but with the cryotoworld aswell. But I think it would be much better if the world could have only one currency.

There is hardly any reason to deny this fact that there will so many problems which will resist the Bitcoin to become the world currency. But even then I am very much hopeful that we will be able to listen this news someday that Bitcoin is the world currency and it is now recognized and legalized across the globe.

It will come with a huge fight like it is already, however, it cannot be controlled and it cannot be stopped. Eventually it will be recognized and the governments will only try to find a way to control its usage or probably find a way to tax it.

There will be so many developments and improvements as time goes on and eventually, it will become a preferred usage for daily needs globally. Before we get there though, a whole lot would have ensued. Even now, we cannot really use it for micro transactions, and these are some of the things that will eventually be dealt with over time.

[ahmad21]

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

Long long time to see these things coming in application. Government intervention and high network fees are some more obstructions is success. We can say it the virtual world currency but its difficult to say that it would become a real world currency accepted unanimously.

[ASHLIUSZ]

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

Long long time to see these things coming in application. Government intervention and high network fees are some more obstructions is success. We can say it the virtual world currency but its difficult to say that it would become a real world currency accepted unanimously.

As in the statement above bitcoin being a world currency won't happen in the short. This happens with Time and as a part now the usage of bitcoin as a currency keep on increasing. At present it's purely an world currency, because of the varied features from the traditional fiat.

[resty]

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

It will a big impact for the economy, if Bitcoin is primary use for all people and all transaction should be through digital payment method. beyond that, those transaction have existing procedure I think it might be change and convert into Bitcoin currency to bypass any taxable payment for government. So, the community itself  has affected to loss profit of government when all of these are making through Bitcoin digital payment, because Bitcoin is FREE for all taxes unless government shall imposed their legal option for their constituents Bitcoin users.

[Hui8]

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

According to me there are enough crypto currencies in the world to trade and pair against the bitcoin. They are filled with amazing as well as shitty coins too and I don't think we need more than that to cover our needs. Why would even go for trading crypto against the real commodities in the world ? This will increase the complexity of valuation as one relies on th real world market cap and the other one relies on the market cap which is produced by investing fiat into virtual internet. There is different aspect of both but they will not even workout even if out together. It's better to sip cup of tea over the crypto currency trades rather than 5 days limited market of real world.

[lenovo16]

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

I think that is not impossible to happen. Especially now that bitcoin is continue to evolve itself for the better. Actually even now we can really use BTC in many aspect of our life, like sharing load, tranfering money at paying bills. What more if we can use it in buying all the commodities that we need.
But we did'nt need to rush that to happen. BTC will go to a long process before that to happen. For now, we just need to enjoy the helpful feature of BTC.

[Reid]

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

I think that is not impossible to happen. Especially now that bitcoin is continue to evolve itself for the better. Actually even now we can really use BTC in many aspect of our life, like sharing load, tranfering money at paying bills. What more if we can use it in buying all the commodities that we need.
But we did'nt need to rush that to happen. BTC will go to a long process before that to happen. For now, we just need to enjoy the helpful feature of BTC.

Yes that is true.
If someone will offer for you to be invested in one commodity through online and be part of their shares then it is possible.
Bitcoin is valuable so it can be used as means of payment for anything in the online world.
If it is person to person then it can also be possible by means of trade. Actually it will be a lot easier since you dont need to bring a lot of money.

[cryptojac17]

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

Long long time to see these things coming in application. Government intervention and high network fees are some more obstructions is success. We can say it the virtual world currency but its difficult to say that it would become a real world currency accepted unanimously.

As in the statement above bitcoin being a world currency won't happen in the short. This happens with Time and as a part now the usage of bitcoin as a currency keep on increasing. At present it's purely an world currency, because of the varied features from the traditional fiat.

Talking about world currency US dollars is most recognized, for instant in a third world country, if your central bank doesn’t have enough gold reserve at least you have a US dollars reserve to run the economy of that certain nation when you don’t have enough reserve you suffer deflation the value of your money very low that’ s how powerful US dollars is. Now talking about BTC as World currency
Once US economy will suffer lost and dollar become weak there is a big possibilities that Bitcoin will Repalce USD.

[irwanjabryg]

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

Bitcoin will someday be accepted in all countries, and bitcoin will affect the economic sector.

The economy of a country will increase if people are able to increase purchases in various sectors, and bitcoin has helped increase people's incomes so that people's purchasing power increases.
I can not make a good percentage but this is a direct observation and I see it myself.

[Sled]

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

Bitcoin will someday be accepted in all countries, and bitcoin will affect the economic sector.

The economy of a country will increase if people are able to increase purchases in various sectors, and bitcoin has helped increase people's incomes so that people's purchasing power increases.
I can not make a good percentage but this is a direct observation and I see it myself.

If the people will have an increase to their income and purchasing power then it will be a great chance for the country to have an increase on their economy too because that is how they get more profits and income their countrymen, they are depending on the money that they are getting from the stores and other places that generating money or income for the government and they get it by taxing them.

[KingdomHearts]

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

I think a day will come when bitcoin will be accepted all over the world and we should expect this to happen before the end of 2030. Economically it will help reduce unemployment, interest rate and stimulating our economy. We should keep promote the beauty of this technology and see were we would be in futures.

You are already affirming 2030, you may think that is a long time, but it is quite short and it is just by the corner.

No doubt bitcoin will be accepted, but not by everyone. Even in each country, some will still prefer the traditional way over the technological changes since some will not be able to adapt.

It is not going to be possible for bitcoin to replace fiats apparently, what will just happen is government trying to benefit from it and making it legal but not without some little controls. So at that stage, you are free to use if you like and no one will stop you.

[cripperz]

It think every country will have its own coin. And major cities might have their own coin also, as well as individual provinces/states.

[reda]

It think every country will have its own coin. And major cities might have their own coin also, as well as individual provinces/states.

Yeah bitcoin is the world currency it all counter using and money he knows the bitcoin how to process and how to work it a future growth for the all people it give more opportunity for the all people. But you know the bigtcoin how to handle it. Most of the country is using the bitcoin for the future growth bitcoin is the future currency.

[nskendrovic]

Yes Bitcoin is on it's way to becoming the world's reserve currency as it is a superior choice than gold and for sure the US dollar. Get them while you can, especially under 10k.

[bncbnc]

It think every country will have its own coin. And major cities might have their own coin also, as well as individual provinces/states.

Interested, then why not everyone have their own currency. i think that some stages must be looking for creating their own altcoin, but it think it will still never replace bitcoin, because such altcoins will not decentralize and will be limited to some specific area, while bitcoin is a universal decentralize currency and one can use it throughout the world wit same value everywhere.