BTC as a national currency?

[ripti]

Bitcoin could not yet become a national currency. Why not, many countries in the world have not accepted it yet. Bitcoin needs more time to accept as a national currency.

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[bitliteethdashneo]

BTC is international , just like internet. It should have been named interbarter or interex or intercoin in larger interest of bit-ignorant public.

[Altas]

Japan has given similar importance as the national currency to the bitcoin. As Japan highly believe in technology advancement, it took such an initiative and now the growth it has been experiencing is much big compared to that of other countries. In future looking it's growth other countries too might give preference similar to national currency.

[Galahad111]

It is impossible for bitcoin to become a national currency from a lot of reason. First of all the transaction fees are t high and also the time that it takes for a transaction to be confirmed is pretty big if you pay a small fee. If you want to buy a coffe or a juice you would have to pay 5-6$ for the product + 4-5$ the fee for transaction so at the end you pay double the price.

The second problem is the big fluctuations of the price. One day a bitcoin can worth 8000$ then the next day it worths 6000$. This will obviously affect a lot of merchants because most of them have to calculate their profits everyday or every 2-3 days.

Everyone complains that the transaction fees are high, but what does this have to do with the issue, do you think Bitcoin will not be a national currency because of high transaction fees?

I think yes, if the transaction fees on the bitcoin goes high and what will be happening with those are thinking about the crypto fees was so cheap compared with the bank transaction.
The people are using crypto to get an alternative way to get cheap transaction. just like if you are making a transaction and it cost 3 cent for each transaction.

It will be great. Not only national but, international currency l. Bitcoin is very strong cryptocurrency. I will not be shock if it will rise above all in this world. Cause we how effective and how wonderfull it is.

[Creepings]

Bitcoin could not yet become a national currency. Why not, many countries in the world have not accepted it yet. Bitcoin needs more time to accept as a national currency.

More importantly, bitcoin is a decentralized digital currency, how can it be a country's national currency, it's feature as a decentralized currency will be stripped off.

And I also think even with a low chance of acceptance bitcoin will be a currency not as a national but a global currency, obviously the government will not allow  a currency they can't control.

[A Feeder]

Your question is kinda vague. Bitcoin can only be a national currency if the majority of the countries have high quality technology.

[Tux99]

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?

Of course not. Every country has already their national currency which is respected by their citizents.
Bitcoin is growing i know,but it will not make bitcoin can beat national currency.

[hydeevanz]

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?

I will say No because obviously every countries has their own currency and besides bitcoin just get started and still on the process of waiting for the acceptance of different countries. Since bitcoin is a digital currency, probably the government won't allow this as the global currency because it will take so long to understand and they will consider a lot of facts about it.

[Gabrieelle]

Your question is kinda vague. Bitcoin can only be a national currency if the majority of the countries have high quality technology.

That is one of the factors that needs to be considered before bitcoin can become a national currency, if the total population are equipped with the technology to use bitcoin in every transaction of their daily life. Bitcoin is already known worldwide but to those places which don't have access to the internet still don't have the knowledge about cryptocurrencies.

[Cointertrade]

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?

I think it is really hard to make bitcoin as a national currency because a lot of countries still didn't accepted bitcoin. So I think there is the possibility but then again it took a long period of time. So just hold on because bitcoin will continually grow.

[Sled]

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?

I think it is really hard to make bitcoin as a national currency because a lot of countries still didn't accepted bitcoin. So I think there is the possibility but then again it took a long period of time. So just hold on because bitcoin will continually grow.

Bitcoin will never become a national currency because people will might use it but the government are not in favor of using bitcoin as a national currency because a lot of people can take advantage to do some illegal activities like selling illegal drugs and firearms and it can also use in money laundering.

[princessfalcon]

Troubles if you went earn some cash investment  is the right thing, I suggest foryou populous it's a gohoice. c od

[katmalo.ak47]

Troubles if you went earn some cash investment  is the right thing, I suggest foryou populous it's a gohoice. c od

The national currencies are completed because every nation has fixed their national currency, it is very long term thinking that bitcoin will be a national currency , because a national currency must be legal all over the world so that they can trade in it or they can exchange it for the trade with other countries. while bitcoin is now not legal currency all over the world.

[Mahanton]

Troubles if you went earn some cash investment  is the right thing, I suggest foryou populous it's a gohoice. c od

The national currencies are completed because every nation has fixed their national currency, it is very long term thinking that bitcoin will be a national currency , because a national currency must be legal all over the world so that they can trade in it or they can exchange it for the trade with other countries. while bitcoin is now not legal currency all over the world.

That is the flaw of bitcoin which it isn't being recognized or regulated which means it is nearly impossible for it to be considered to become a national currency since any country do have its own local fiat which they do have the full control of it which means they cant easily replaced it with a decentralized stuff which is bitcoin this is why I do see this thing as an impossible situation to happen and be considered.

[xsaints128]

I don't think any country will accept BTC as a national currency because of the fact that it's too volatile. The value of a country's Fiat  currency changes daily but on a minor level but BTC's price fluctuates a lot which is simply not suitable for becoming a national currency, it's just a very profitable asset class and I just hope it remains one.

[sorin90]

I dont think it will be adopted as a national.curency, mainly because it started asa world wide one. That means ppl all over the world already have the majoraty of it. Plus the total numbers of bitcoins that can be mined is 21 mil. If a government adopts a coin, it has to have the power to make currency as it likes. Sometimes goverments make an currency to help the economy. If there is a predetermined number that can ever be created, and a goverment doesn't have the majority of it, i think it can not be a national currency. But it can be a world wide one. As it is now

[c0akley]

really a lot of ways to get bitcoin like we always follow resources bitcointalk task because there are numerous resources available which can provide us income, but before following the bounty we must comprehend the rules bounty to do the work we are able to be eligible, after we obtain it then coin we want to sell as company funds what's going to we nevertheless maintain.

[SilverChromia]

It is good for BTC to stay at of what of it is now. Maybe bitcoin can never be a national currency to a lot of countries because we all know this is only a digital currencies. We cannot always depend on something that cannot work via offline. Maybe we can say that bitcoin can be a global currency but not a physical global currency bitcoin as of now is our digital global currencies that we work for it and earn of it and use it to lead our every life to a good future.

[guxu219]

No doubt demand for Bictoin is increasing and it has a bright and positive future but we can't see Bitcoin as a national currency.The main reasons for this is it's decentralized nature and anonymity. As it is decentralized which means that government is not able to control it so no government will allow such currency over which they have no control to become the national currency.As the transactions through Bitcoin are anonymous so government is not able to identify the people involved in the transaction and so no tax is imposed so this can  also be a reason.Third reason can be the use of Bitcoin in illegal dealings such as drug dealings, ammunitions dealings etc.

All the countries have their own national currency and the bitcoin is not still in position that any country can make it as a national currency so when bitcoin will get maximum number of people then it will make possible of making national currency.

[jostorres]

for the short time i think bitcoin can't be the national currencies maybe in the next 10 years or more bitcoin can changed the physic payment in offline store, you just need your bitcoin in your phone to pay something, but bitcoin can't be the national currencies because national currencies in a country is an identity for them about their country

Once Bitcoin will be accepted worldwide then definitely it is going to be international currency rather national and it still is to some extent but no one can tell how long will it take Bitcoin to be legalized all over the  globe. By considering the present amount of available Bitcoin which is yet to be released, I am also of the opinion that its worldwide legalization will accelerate its value increment unexpectedly. I hope this happens soon because I want to enjoy purchasing in Satoshi.