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Author Topic: Will Bitcoin become a daily currency???  (Read 1141 times)
nara1892
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April 13, 2018, 02:07:54 PM
 #301

I'm sure someday we'll use another bitcoin or crypto currency like we use fiat currencies at this moment. It just takes time, and there are some requirements for bitcoin if you want to use it everyday such as the price should be stable, acknowledged or even recommended by many countries and small transaction fees (the block should be enlarged to fit more transactions) and increased speed of miner confirmation .

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undeadbitcoiner
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April 13, 2018, 02:49:55 PM
 #302

One day Bitcoin will be Mainstream currency but it will take time. Before that Bitcoin price will settle somewhere and may be we will start using Mbit or Ubit
No, In my opinion, this is very unlikely. Beyond contradictions from the way the government operates and manages the economy and society with the nature of bitcoin. It also has the disadvantage that it can not become a coin in daily life. that is high value. The supply is decentralized and limited, it does not bring a balance if continuous fluctuations occur. Poor people or people without conditions can own bitcoin to pay and spend in living. Without the change from bitcoin, this can never happen.


I think you just see my half answer and you didn't carefully read my half (Bold Now) In concern about High Value as i already told we need to go from BTC to mBTC, bits, and Satoshis that is what Value will be covered we have to remember that Bitcoin could be Divisible in hundred Million so actually we will have 2100000000000000 Satoshis circulated with us once all the bitcoin will be mined, Continuous Fluctuation Did you tried to see Gold? or The New York Stock Exchange (NYSE), The London Stock Exchange, NASDAQ virtual exchange Just check out there starting, check there history they use to fluctuate more than what Bitcoin is fluctuating today so once market settles down price will remain steady.  Owning Bitcoin by poor people or poor condition i believe once you understand bitcoin with Satoshis i might not need to explain. just for a simple example Today you can own 1000 Satoshis with just US$ 0.081, you can own 1000 Ubtc with just US$ 8.11, you can own 1000 Mbtc with just US$ 8100 Which is One Whole BTC,

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April 15, 2018, 09:45:18 AM
 #303

I have recently written an article about the possibility of Bitcoin becoming currency we will use on daily basis.  so now I want to ask the question do you think we will see if it can be used as a daily currency???  or do you think it will be more like gold a good store of value???
My own personal hope is that we will see cryptocurrencies develop into currencies we will use on a daily basis.  in my opinion, bitcoin will be a good place to start due to the mainstream knowledge about Bitcoin,  but I do not think it's the best-suited kind for daily use and I believe we have a long way to go before it is a viable alternative to Fiat currencies for the majority of people.

For inspirational purposes, I have included my article
https://cryptoms.online/2018/02/27/will-bitcoin-become-a-daliy-currency/

You are right from your one side of understanding about bitcoin as a leading cryptourrency but in Actual at the better technology and better potential we can't go through for every small small transaction with bitcoin because fees that is attached  is high , so how can we use bitcoin in our daily life for small small transactions .
But still if there will be any third party in future for bitcoin wallet then I am sure we will be able to use bitcoin in Daily life but if there be no third party then In that case we should go with another better altcoin like etherium , dash , digibyte  coins will be better option for us .
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April 15, 2018, 11:17:09 AM
 #304

Bitcoin is a virtual currency and its popularity increasing worldwide day by day.many companies are accepting bitcoin,but it will take a little while,becoming daily currencies
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April 15, 2018, 11:26:06 AM
 #305

I don't think this is possible..
I don't think you would want to have a currency that today is 12000 $ tomorrow 7000 $, you will not able to have the same income every month..
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April 15, 2018, 11:37:40 AM
 #306

If the dollar, euro and pound go into hyper inflation, which they could under certain market conditions then bitcoin will become a more attractive means of exchanging value.


ekeh
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April 15, 2018, 12:27:48 PM
 #307

bitcoin is a digital currency that can be sell any time true conversion to local currency of your choice, which can be saved as daily currency. all depends the transaction of your business towards bitcoin and investment of your daily returns, bitcoin currency is real and well confirm working perfectly and also ready to sell and buy any time, both parties are ready, all depends yours, and your activities towards bitcoin business.
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April 15, 2018, 09:14:35 PM
 #308

I have recently written an article about the possibility of Bitcoin becoming currency we will use on daily basis.  so now I want to ask the question do you think we will see if it can be used as a daily currency???  or do you think it will be more like gold a good store of value???
My own personal hope is that we will see cryptocurrencies develop into currencies we will use on a daily basis.  in my opinion, bitcoin will be a good place to start due to the mainstream knowledge about Bitcoin,  but I do not think it's the best-suited kind for daily use and I believe we have a long way to go before it is a viable alternative to Fiat currencies for the majority of people.

For inspirational purposes, I have included my article
https://cryptoms.online/2018/02/27/will-bitcoin-become-a-daliy-currency/

You are right from your one side of understanding about bitcoin as a leading cryptourrency but in Actual at the better technology and better potential we can't go through for every small small transaction with bitcoin because fees that is attached  is high , so how can we use bitcoin in our daily life for small small transactions .
But still if there will be any third party in future for bitcoin wallet then I am sure we will be able to use bitcoin in Daily life but if there be no third party then In that case we should go with another better altcoin like etherium , dash , digibyte  coins will be better option for us .

I agree with you mate, but it just depend in a country if how how they used and accept bitcoin, like Japan country. I don't know how they manage bitcoin as a mode payment in their country, but the fact is they success used bitcoin as like a currency.
gtx1060aa
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April 15, 2018, 09:46:01 PM
 #309

I think in the near future, it will become our daily currency. It has many benefits and it depends as the volume of people who use bitcoin is still small compared to live in a cashless society. But ofcourse, if people will agree that bitcoin will become our daily currency.
hahahafr
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April 15, 2018, 09:59:01 PM
 #310

It will depend on the fees, the current rate for fees is pretty low at this moment, to be honest, $0,20 for a single transaction is nothing. But if it goes up to $20 like it was the last year, it would be a nightmare to adopt it as a daily currency.

I think in the near future, it will become our daily currency. It has many benefits and it depends as the volume of people who use bitcoin is still small compared to live in a cashless society. But ofcourse, if people will agree that bitcoin will become our daily currency.




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brengoskandel
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April 15, 2018, 10:27:43 PM
 #311

Bitcoin is pretty much settled as a commodity now. I think a paradigm shift is going to be needed for it to become a daily currency. You have to also keep in mind that the current infrastructure behind bitcoin does not allow it to become a daily currency, due to scalability issues.
the prime purpose of bitcoin originally was to become the world's currency, but it seems it did not happen. however, today bitcoin has a better use I think, that is as an investment. although it has failed with its original purpose.
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April 16, 2018, 03:22:19 AM
 #312

I thing personaly with the thing going like today, we are not facing the idea you say soon, becouse imagine a package of milk, that today costs $1 and tomorrow $10, lmfao.

lol, that's why bitcoin has not used for pay something on our daily needs yet.
because the price is still easy to fluctuates. when bitcoin has globally used by peoples, its price will stable.
and bitcoin will be used for every transactions.

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April 16, 2018, 03:30:43 AM
 #313

It’s a bit fairy tale for me because there are a lot of country don’t want their original currency being replace with other currency. And not to mention still a lot of country against with this digital currency.
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April 16, 2018, 03:53:50 AM
 #314

Perhaps. Bitcoins are widely used and preferred. Thanks to the bitcoin the payment of services through the internet in a fast and efficient way. I think in the future bitcoin will soon become the currency used daily.

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April 16, 2018, 04:07:20 AM
 #315

I don't know but if it really happens then it will not be so good. Bitcoin is a digital currency which can be used to online and it can be trade, invested etc .but using it as a daily currency will not be so good at all .I don't know actually. The time of bitcoin is not going well .so I think this is not the time to talk about this.

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April 16, 2018, 04:07:48 AM
 #316

No, I don't think that Bitcoin can now become a currency. Think about it if your money will rise for a while and it will affect your life. If the price of Bitcoin continues to fall, it will cause many problems. People will not Bitcoin will be selected as currency
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April 16, 2018, 08:31:03 PM
 #317

I have recently written an article about the possibility of Bitcoin becoming currency we will use on daily basis.  so now I want to ask the question do you think we will see if it can be used as a daily currency???  or do you think it will be more like gold a good store of value???
My own personal hope is that we will see cryptocurrencies develop into currencies we will use on a daily basis.  in my opinion, bitcoin will be a good place to start due to the mainstream knowledge about Bitcoin,  but I do not think it's the best-suited kind for daily use and I believe we have a long way to go before it is a viable alternative to Fiat currencies for the majority of people.

For inspirational purposes, I have included my article
https://cryptoms.online/2018/02/27/will-bitcoin-become-a-daliy-currency/


Bitcoin is very interesting tool of keeping money and making transactions but it has still some complicated technical problems that should be solved until it can be named a useable everyday currency.
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April 16, 2018, 08:36:38 PM
 #318

It’s a bit fairy tale for me because there are a lot of country don’t want their original currency being replace with other currency. And not to mention still a lot of country against with this digital currency.

They can somewhat control their own currency, they can't control bitcoin Wink
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April 17, 2018, 05:04:39 AM
 #319

It’s a bit fairy tale for me because there are a lot of country don’t want their original currency being replace with other currency. And not to mention still a lot of country against with this digital currency.
Actually that is the biggest problem. When bitcoins are promoted, there becomes two world within a country, the liker and dis-liker. Now, it really varies from country to country that which one sector have majority. But in majority of countries, the banks and governments are against these bitcoins else everyone is just praising bitcoins for their immense profit giving nature.
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April 17, 2018, 05:27:37 AM
 #320

That's a long long way journey of Bitcoin. But I am very optimistic that it will happen one day but not too soon. Becuase there are still many countries or even organizations that are against to cryptocurrencies and they are doing what they can to stop this from happening.

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