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Author Topic: is it possible?  (Read 5876 times)
CryptoBeefy
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September 06, 2017, 07:49:47 AM
 #21

You can never say never but i'd highly doubt it will become the worlds currency! Certainly I think it will continue to grow in technology, use and awareness but I can't see it being the world's currency personally.
It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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September 06, 2017, 07:56:34 AM
 #22

Actually the bitcoin is the world's currency right now. Why did i say it or what's the prooft?

1. It is used by different people around the world. (Eventhough some country didn't accept it)
2. The most known currency and the most valuable currency in crypto.
3. It is now used as a mode of payment.
4. Some countries stores accepts bitcoin.
5. The value of it is increasing and increasing.

By just look at this features of bitcoin you can say that it's now a world's currency.
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September 06, 2017, 08:00:56 AM
 #23

No. Not yet.
There may have been some people who are saying yes. I say they are too optimistic but we have to be true and see reality.
This world right now is not yet organized to be set into online currency that will be circulating. That needs world peace too which cannot be done. It is impossible. It can be a currency for all but just online which is different from being a global currency.

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September 06, 2017, 08:05:38 AM
 #24

You can never say never but i'd highly doubt it will become the worlds currency! Certainly I think it will continue to grow in technology, use and awareness but I can't see it being the world's currency personally.
why do you think bitcoin cannot turn into the worlds currency? Bitcoin is very popular at the moment.
and the value is still rising. i personally think it might even reach 10000 dollars in about 10 years.
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September 06, 2017, 08:09:02 AM
 #25

It is already a currency that can be used worldwide, so yes. But if you mean that it will be the main currency everywhere, I do not think so. Fiat will still remain however strong gets. And it is healthier to have other currencies other than bitcoin.
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September 06, 2017, 08:09:13 AM
 #26

In a short time frame it is not possible to become global currency without supported by officially, but in the long run there is a potential to become one of the strongest currency.

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babarian
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September 06, 2017, 08:14:10 AM
 #27

most likely not, because an eye if it wants to be a global currency or an international currency requires political support from some ruling countries, therefore for now bitcoin is unlikely to be the world's currency
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September 06, 2017, 08:47:31 AM
 #28

No, unless 100% of the world population has an internet
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September 06, 2017, 08:50:34 AM
 #29

As the time past by , bitcoin can be adjust by anytime and anywhere around the world
The fact : bitcoin is popular currency so anything is possible
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September 06, 2017, 08:52:03 AM
 #30

I don't think there has to be one single currency. Currencies can complement each other quite well. So perhaps we'll see that every country still has his/her own fiat, but crypto's are supported, but not regulated (that much) as well.  

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September 06, 2017, 08:56:05 AM
 #31

In my opinion bitcoin cant never be a world currency it will remain as digital currency or just a storage of hidden treasure. Countries accepting bitcoin is just a mode or method of payment in different market or industry but being a currency government will impose a genius regulation about it. But in our world everything is possible so we cant tell what happen next. Everything i wrote is my own opinion and understanding i dont want to hurt or disrepect anyone in this forum...  

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September 06, 2017, 09:19:43 AM
 #32

I have said this and I am saying again. Money is an expression of the work. When there is no work, there is no money, or the value of the money is little.

Money was invented as an easier way for barter, that existed 2000-5000 years ago. Instead of giving an object and receiving other object, people were receiving money for that given object.
 
Bitcoin was invented primarly to give some money and receive bitcoin instead, not to give an object and receive bitcoin. In this acception bitcoin is not real money, it is something that has been invented instead of money. Time will tell if bitcoin will become the future world currency or not, I would say that this will not happen in the next 10-20 years.

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September 06, 2017, 09:30:25 AM
 #33

Can bitcoin be the world's currency?

I will just say perhaps. I don't know actually. With the high volatility of bitcoin right now, I am afraid it will just be unstable to be used as a world's currency. Some are not spending a single satoshi even because of the prospect of BTC's price to shoot higher soon.
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September 06, 2017, 09:32:36 AM
 #34

For bitcoin to be the world's currency, i think this is impossible, bitcoin is just a non tangible digital currency like its real currency which more stable value than bitcoin whose value is so fluctuating / changing over time and whose numbers are still limited. In my opinion, bitcoin will remain as a new breakthrough or just another side from the real money only, to make money in a more modern way that must use internet connection.

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September 06, 2017, 09:34:35 AM
 #35

I think it will. But it's so far from now. Because all the country is not proper digital now to have bitcoin as their currency.
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September 06, 2017, 09:47:54 AM
 #36

Can bitcoin be the world's currency?

I think with the growing popularity Bitcoin has all the chances to become the global cryptocurrency, though there still is the risk of its security and stability.
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September 06, 2017, 09:49:46 AM
 #37

I think its so much difficult because still now there are many countries not legal in Bitcoin.So its i think impossible and its my personal opinion.
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September 06, 2017, 09:53:16 AM
 #38

It depends on what you mean by "world currency".
Well, if you mean is that it will be used world wild, so the answer is yes, it's really possible since Bitcoin now is widely known and can be used to purchase anything. So, you can say BTC is the world currency.
In the other hand, if you mean that Bitcoin will be recognized by governments, I think that is really hard since governments will never approve to deal with something they can't monitor and control.
I think we can say that Bitcoin is the "un-official world currency".

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September 06, 2017, 10:07:59 AM
 #39

It is currently world's currency, dude. Many people from many places are using bitcoin for many purposes. They use bitcoin in the deepweb, they use bitcoin to buy goods and buy games on steam. They hold their bitcoin for future profit. And you can take your bitcoin to any place you want and you can easily exchange it to local currency without any troubles

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September 06, 2017, 10:12:07 AM
 #40

No, it is unlikely it will become it. Not impossible... it could evolve, become faster, more widely known and reach to that point. But most likely will stay as it is and keep being a very good store of value.

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