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Author Topic: BTC as a national currency?  (Read 12558 times)
yusupjatigumilar
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December 01, 2017, 01:43:15 PM
 #501

I think to be a currency, this bitcoin is impossible because as far as I know the currency is a means of exchange issued legally under the law of a country, while the bitcoin who created it? who is producing ?. Better bitcoin remains the current investment and trade commodity that has potential profit potential.
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alisafidel58
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December 02, 2017, 03:54:13 AM
 #502

No i dont think that bitcoin will become a national currency among other countries, a national currency must be connected to some past of certain country must have a good positive side with it.
Bitcoin is a crypto currency and specially made for the internet and bitcoin is intangible and i dont think that any country will have a pride with a bitcoin currency.
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December 02, 2017, 06:09:23 AM
 #503

I don't think it would be became national currency, because still many country the government not legalized bitcoin yet.
I think bitcoin can be alternative payment for online transactions, to make easy and faster for payment.
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December 02, 2017, 06:11:12 AM
 #504

I don't think it would be became national currency, because still many country the government not legalized bitcoin yet.
I think bitcoin can be alternative payment for online transactions, to make easy and faster for payment.
The bitcoin will not become national currency and even though the governments will make bitcoin as a fully legalized cryptocurrency in different countries then it will not become the trigger for bitcoin to become the national currency because bitcoin doesn't have the supply that is needed to be able to sustain the needs of the people in terms of amount of money to be used.
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December 02, 2017, 06:15:34 AM
 #505

So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?
It is possible since bitcoin is already international where there still banning bitcoin because they believe its scam and what so ever  it will became a national currency when all countries accept it and learning more about bitcoin this digital currency is the keading the new generation of our world
Partially we can yes, because of what bitcoin doing right now spreading the words and spreading the mobility that bitcoin have. I frequently say bitcoin can become a national currency and i think there's time for it to do. Since bitcoin came and across into $10,000 then there's a possibility that it would be
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December 02, 2017, 07:57:00 AM
 #506

So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?

As of now! Its not possible or maybe never because we all know that bitcoin value is very volatile that is why some offline merchant does not want bitcoin as their mode of payment. So many investors are believing in bitcoin but there is so much things to improve first and needs a lot to work.

marks1976
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December 02, 2017, 08:20:05 AM
 #507

How can any crypto become a national currency? It is the same like internet will be declared by some country their national system of connection. Bitcoin is an international currency, and it is its main privilege. It is the best currency to make transactions between different countries.
Bitcoin is P2P transaction. majority of people are using bitcoin to avoid the 3rd party. just like some people are consider by using the bitcoin caused by they can do it directly to the users without any autorithy.
As the national currency and bitcoin is not made for it.

 
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jerowacik
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December 02, 2017, 08:27:43 AM
 #508

I do not think this will ever happen. We all know that Bitcoin is a digital currency and no single group / country can handle it. Everyone in the world today is entitled to use Bitcoin, so Bitcoin is unlikely to be mastered and Bitcoin prices are also influenced by various things, such as the number of transactions and also the number of people using Bitcoin. The more people who use Bitcoin, the higher the quality of Bitcoin. This is the demand factor that makes a Bitcoin more valuable.
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December 02, 2017, 08:35:40 AM
 #509

So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?

BTC has no national boundaries, it could be some countries' national currency, but the best thing would be that BTC become international currency, so every body can pay with BTC anywhere.

It would be a dream come true if BTC can become an international currency as then everyone in the world will start using the btc whenever they require and wherever they travel. the demand will be huge as all the people would start using it and the price would also become more stable and will be accepted everywhere.

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December 02, 2017, 08:46:10 AM
 #510

So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?
Im looking forward that someday bitcoin will be our national currency although we know that it has many process and years passed by before it will implement.And for now it is possible because the price of bitcoin is increasing and I know it will be stable forever in our life as long many investors and users who adapt bitcoin.
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December 02, 2017, 10:13:45 AM
 #511

It will never be happen that bitcoin will become a national currency because in my country many business man or the owner of bank will disagree about that at the government take action about that because we know the no one can control bitcoin.

fabrizoc
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December 02, 2017, 12:31:12 PM
 #512

I don't think so, bitcoin features let people earn much money beasause of limited coins available, and when fiat are printing BTC grows. By the way, mainly beacause of 1. huge financial (nobody will sell its) 2. huge fees so the selling etc. so not efficient 3. It is not the fastest crypto in the world so definitely unbankable.
There is no difficulty in doing this bitcoin is the best coin we have now and declaring it as national currency will bring a lot of benefits the major is the economy will be boosted secondly people will prefer to come and work into the bitcoin region because money here is in great value, and smartphone and internet is normal thing nowadays every region has these facilities now and now kids are carrying smartphone also.

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December 02, 2017, 01:05:17 PM
 #513

So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?

So far, bitcoin can not be a national currency. Due to the fact that bitcoin is very volatile when we use our daily cost we can have a problem. Furthermore, the transaction fee is huge for bitcoin whenever we send it. So for now, bitcoin cannot be a national currency.

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December 02, 2017, 01:51:01 PM
Last edit: December 03, 2017, 12:39:16 PM by sclmte
 #514

So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?
Could be yes and can also not. Become a national currency is too impossible, because bitcoin crypto currency that exist only in internet world, but can also yes in this world nothing is impossible
I guess it is impossible to happen. As we all know bitcoin is not acceptable in other countries. They even banned bitcoin for some reasons. Then going to a national currency? It's impossible. Bitcoin is tax free, so the central banks cannot gain any profits from it. And to make it as a national currency, the governments make sure they can manipulate the bitcoin. And surely, they will implement the tax.
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December 02, 2017, 02:35:32 PM
 #515

for a while I think it's hard to make BTC a national currency. because, now there are some that prohibit BTC to enter into the country. even forbid users to play bitcoin
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December 02, 2017, 02:50:59 PM
 #516

So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?

BTC has no national boundaries, it could be some countries' national currency, but the best thing would be that BTC become international currency, so every body can pay with BTC anywhere.

It would be a dream come true if BTC can become an international currency as then everyone in the world will start using the btc whenever they require and wherever they travel. the demand will be huge as all the people would start using it and the price would also become more stable and will be accepted everywhere.

Already it has gained an status to be a international currency with its anywhere accessible feature. Being a national currency is not at all possible, and to reach such an level it needs to fulfill lot of regulatory acts which is not possible with bitcoin or other digital currencies that we use it in different forms.
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December 02, 2017, 03:08:21 PM
 #517

So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?

For now, no that's because bitcoin is still unstable and very volatile. If we put bitcoin as our national currency our economy will go up and down and we don't want that in our country, bitcoin has still more things to improve before that happens, probably in the future it will but we can't be sure and we don't know whats in the future but I do think that bitcoin will surely rise up and be available all around the world.
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December 02, 2017, 03:17:14 PM
 #518

One thing we should understand that every country has their own currency they will not let it to be finish and have one currency that also cryptocurrency it is not possible I think so. Every countries financial sectors they have their own policy so they will not allow bitcoin cryptocurrency due to the rate hike which is not consistency it is versatile also we cant plan based on the bitcoin price.
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December 03, 2017, 06:32:54 AM
 #519

it still has a long way to go. Not yet at this current stage..
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December 03, 2017, 07:04:58 AM
 #520

As of the moment, Bitcoin is still in the progressive stage and not all citizens of a country are aware about Bitcoin. Yes Bitcoin already shown the potential but not to the point that it will replace the current currency of a country. Bitcoin must pass (if ever) the tribunal comunity of a Government to be accepted as a mode payment and let the process dictates whether it has the capability of being a National Currency.
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