Bitcoin world currency

[harizen]

Yes it is possible but it may take some time or years as bitcoin don't have a stable price in the market though you could use bitcoin for payment online and some physical store who accepted bitcoin.

A lot of development needed so some countries will accept bitcoin as payment but the problem is the government and other bank who are against on bitcoin.

The government may only end up coming to realize the fact that there is little they can do in halting bitcoin's progress and I am sure if most countries start adopting bitcoin and finds a way to regulate it, then most other countries will start using theirs as a case study. No country will want to be backward in any technological progress and any country that wants to do that, the citizens had better just find themselves a new place to belong.

As soon as people in those countries is actively seen more engaged in world of cryptocurrencies, government will surely do some regulations and it's a great step for bitcoin to become fully legalized in that country.

And once it was recognized as legal currencies, surely most of the merchants and  local stores on that country will now consider adding bitcoin in their payment methods. One of the factor why merchants and stores is having difficulty if they will accept bitcoin as payment method is because of the question about the legality on it. Well just give time to make all process be completed and soon we can see a more healtyh crypto activity on a certain country.

[UsernameBitcoin]

Bitcoin is a perfect currency for the world. It being on the internet is only natural as there is so much technology to take advantage of this can spur on a lot of great innovations.

[batang_bitcoin]

It's possible that we can use bitcoin to buy all commodities from all the countries but don't include those countries that will implement ban to bitcoin. We can't do something about those countries that will ban it but the adoption of bitcoin is keep on growing everyday many countries are starting to adopt bitcoin so this scenario of seeing bitcoin being used to buy all things is there and it's visible at the moment.

Yes it is really possible that we could see bitcoin as world's currency. That we could buy things that we wanted though there are some countries to ban bitcoin still it wont affect the possibilities that it will happen. I think it will happen in the future because there are lot of things to consider to make it finalized.

We will see it and witness it one day and I'm very sure that bitcoin is going to be big on that day. And there will be no doubts with it, the cryptocurrency will be well known by that time and everyone is going to recognize bitcoin as a real digital money and best investment of all time. Once it already happens we can just simply travel all around the world with the use of bitcoin for our expenses.

Maybe in that time, we are millionaire and enjoy our life without any stress or worry about the future . Sounds like I'm dreaming about a future never happen, but if I have a wish, I hope my dream can become the truth.

Hopefully mate that all of us here are all millionaires by that time or even not I'm not a millionaire as long as I have spread investments and I have enough savings and assets by that time. It's not that bad to dream about this since we are in reality and it's really happening as the adoption of each countries to cryptocurrency and bitcoin is always on the news so we are possibly near on this time.

[serjent05]

I believe bitcoin will be used by the whole world but not as their primary currency.  It will be used as an alternative because government will forbid it.  We all know government is anti decentralization because they do not have any control over it and they hate it.  So even if it was proven that Bitcoin is a great tool as currency they will definitely ignore this fact and be stubborn to follow their own way of centralization.  They will acquire the technology probably but i am sure it won't be public.

[Cocobrayy]

Bitcoin users are universal, free of bank and state regulations. Bitcoin offers convenience for its users. We all know that currently bitcoin users are increasing, but bitcoin is not their primary currency. Because bitcoins are not shaped, they only use bitcoin as an alternative to get the currency in general according to their respective countries that already use bitcoin.

[nwahshearthiad]

There would be a high possibility that bitcoin will be a world currency but not for now. There will be a lot of things to do, and a lot to consider before that.

[cryptoglobal79]

I dont think this  possible with these transaction times and fees. Fee amounts are not efficient for small numbers. Bitcoin use will increase in the world. But bitcoin will not be available for all purchases.

[TagaMungkahi]

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.

On the "Entire World" Option is now not available because of some countries that banned bitcoins. This is possible but not as of now, the thing here is that we are continually supporting bitcoin for it's maturity and globalization (its not yet globally accepted).

[n0ne]

Bitcoin users are universal, free of bank and state regulations. Bitcoin offers convenience for its users. We all know that currently bitcoin users are increasing, but bitcoin is not their primary currency. Because bitcoins are not shaped, they only use bitcoin as an alternative to get the currency in general according to their respective countries that already use bitcoin.

The growth of the user base along with the market capital keeps counting. This makes it reach as an secondary option to the banking system, because at present without bitcoin we cannot make any form of transactions. Bitcoin being a world currency is possible when countries similar to Japan legalize bitcoin.

[n691309]

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.

With the current situation, no i don't think it is possible. Everyone will have to be using bitcoin. Third world countries that do have access to the internet will be left out. Will create more problems for them. Price stability is needed and legal issues is  another problem that will hold us back from making it the world currency.

We surely cannot have that with this current situation from most of the instances you have mentioned. As time goes on though, a lot of development will come up that will make some of this allayed fears, come to rest. For the price stability, we may not really have much of that since it is also a currency and the usual demand/supply stuff applies to it. The only thing we may just have is the high level of volatility reducing hopefully one day when it is already and properly in circulation.

[denny27]

Bitcoin is indeed a freedom to be used by everyone, and hasn't really been arranged by governments and banks. Freedom of transactions can be do by many bitcoin users of course, but still bitcoin hasn't really considered official as the regular currency which is inaugurated by all countries, given the price is still not yet stable that easily influenced by various things. Currently we know bitcoin is widely used by many people only as a reserve currency that can be sold to the regular currency. I don't know whether bitcoin could be the world's official currency in the future that can be directly used to buying whatever is needed without having to turn it into local currency first, I myself can't yet confirmed it.. maybe it will be have a major impact on the economy of the countries.

[passwordnow]

I dont think this  possible with these transaction times and fees. Fee amounts are not efficient for small numbers. Bitcoin use will increase in the world. But bitcoin will not be available for all purchases.

The fee's aren't even high as of the moment unlike before the fees are getting crazily high. It's possible to happen, remember on what technology nowadays can do. There's nothing impossible now as world well known companies and bankers are showing their ideas and interest to bitcoin.

There would be a high possibility that bitcoin will be a world currency but not for now. There will be a lot of things to do, and a lot to consider before that.

This is what I would like to hear, the possibility is very real and even though we don't have an idea on when it'll happen, it doesn't matter.

[Cocobrayy]

Bitcoin users are universal, free of bank and state regulations. Bitcoin offers convenience for its users. We all know that currently bitcoin users are increasing, but bitcoin is not their primary currency. Because bitcoins are not shaped, they only use bitcoin as an alternative to get the currency in general according to their respective countries that already use bitcoin.

The growth of the user base along with the market capital keeps counting. This makes it reach as an secondary option to the banking system, because at present without bitcoin we cannot make any form of transactions. Bitcoin being a world currency is possible when countries similar to Japan legalize bitcoin.

Yes, if all countries have accepted existence and legalized bitcoin as a valid currency for transactions, as more and more that agree and use digital currency means Bitcoin will be increasingly accepted in various circles to transact.

[jennywhzz]

Well yes it only happen if the bitcoin become more famous. It takes a lot of time or i should say some 10 - 20 years. Since the bitcoin don't have any stable price so they may seems scared of buying bitcoin. But still there's many places who accept bitcoins as payment method but it is not being used everywhere in the world currently.

[justdimin]

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.

Is there anything impossible in this world? It is very possible if it becomes adopted by most countries and people for transaction purpose. That is what we want anyway. I want a day to come when I can travel to any country of my choice without bothering to find ways of having to convert my fiat into their currency since bitcoin is available to make any transaction I wish to make.

[Shamie1002]

  We are already experiencing it. Bitcoin is a currency used worldwide depending on how each countries' government implements it. China banned and some countries may too. The main idea is that worldwide currency is huge. Thinking about limited supply of bitcoins yet is is not yet widely used. How much more if it will be implemented to every market. we are experiencing slow and high fees in transactions. Maybe its better to set developments for these kind of problems before even going to a more serious matters that anyone can't barely fix anymore.

[katiecbell]

Bitcoin is a perfect currency for the world. It being on the internet is only natural as there is so much technology to take advantage of this can spur on a lot of great innovations.

There is absolutely no doubt that Bitcoin is the perfect currency for the world, but I don’t think so that it will ever happen in the future. Bitcoin is very much profitable and is leading digital currency, even then it cannot compete with paper money. Paper money is entirely a different thing and this world will never accept such kind of thing.

[emezh10]

No country will ever adapt it (or an alt) as their official currency, fiat still holds many real world benefits. I think they will work alongside each other quite well though, the fact it's international is really great and that is so much easier than international bank transfers etc.. as the law is defined in the coin itself rather than multiple different countries confusing each other.

But bitcoin is in a form of crypto-currency which isuch aligned to future. So there is still a possibility for Bitcoin to become a future currency that is good on transaction, investments or in the platform of trading. Which can give people an opportunity to earn and to have profit but most of all gave a universal form of currency for all form of transaction in business or daily transaction.

[Milo_Kidd]

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.

Yeah its possible. As of now we can buy online with the use of this. But some of things was not as of now. So it is not impossible in the future that all commodities and services can be payed by this.

[Emitdama]

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.