Bitcoin cannot be a global currency

[octagonsaute]

Bitcoin is a decentralised money and if its made legal then it will become global.

[eann014]

Bitcoin can be used of all people in the world as long as they have or we have an online transaction using bitcoin, but using ONLY bitcoin and no other currencies or physical money can be difficult for all of us, it will be a big adjustment from all of us. Bitcoin just can be used online transaction and bitcoin has no exact and stable price. Bitcoin as of now is already good as it is, maybe it is better to just stay the same.

[dongbat03]

Bitcoin can be used of all people in the world as long as they have or we have an online transaction using bitcoin, but using ONLY bitcoin and no other currencies or physical money can be difficult for all of us, it will be a big adjustment from all of us. Bitcoin just can be used online transaction and bitcoin has no exact and stable price. Bitcoin as of now is already good as it is, maybe it is better to just stay the same.

Yes it can be use as global currency on top of our traditional money. Some countries already accept in payment of transactions of some businesses.

[secondhandlark5]

It can surely be the world currency but it is not yet valid in most of the countries.

[krampus854]

Yes it cannot be. There are some reasons to say it cannot be. Some people might say that yes it can be a global currency but they are not considering those countries who've banned the bitcoin without knowing that it can change their countries and make it more economic. One of the main reason is that not all people in the world know bitcoin as of today only some countries know about bitcoin.

[Thanasis]

There are many countries who doesn’t accept bitcoin and therefore it can’t be global.

But the fact is we don't need anyone's approval other than the receiver who is trading with us.Currently bitcoin can be used anywhere in the world the only requirement is the internet connectivity,the only problem with the banned countries is that we can't convert our crypto into fiat.

[EnaksiS]

Isn't it already a global currency? All blockchain people accepts Bitcoin and that is enough for now i think. I know we need more government to accept cryptocurrencies but we should wait and see what tommorrow brings.

[volleyballslenderF]

For bitcoins to become global it will take time and also that all the countries uses it.

[tungmeoden]

btc maybe can't global currency in the real life but it is the currency on the internet,now internet is very importance,we need new the way on the inrternet,with blockchain have many app for internet,it is the future of the world

[coinfinger]

I believe that a time may come when bitcoin (or some other alt coin) will become a global currency. Popularity of fiat will slowly disappear. Who knows poverty might disappear too.

No one would have ever thought of this thing that bitcoin will have this much of the market value and that bitcoin will have this much of the fame and popularity as it has now. So, we can expect anything to happen in this world especially when it comes to that of the bitcoin. There are likely chances of this thing to happen and that if this thing ever happens, then this will surely help the people in much better way.

But I agree with that person that it is helpful to disappear unemployment problem because people are getting involve in this field with the help of bitcoin so no doubt that people will priority will accept Bitcoin payment instead of fiat because bitcoin is that option of payment where they will don't think about the another thing which are not helping them to make earnings , so surely they will give priority to the bitcoin to use .
And here I am 100% sure that in the coming years of 10 year bitcoin will be a option for everyone to accept as a payment from one country to another country legally without any restriction ( even today we have no restrictions but still few regulations and rules are not in favour to Ake transaction from one country to another country without taxation ) .

I think bitcoin has nothing to do with poverty because poor people cannot but bitcoin. Other issue is that bitcoin will take over in the future or not. There is no doubt that bitcoin or any other cryptocurrency will hold the market because people are investing in bitcoin and everyone wants one usable currency in the globe, so that no need for exchange local currency.

[Bugatti73]

I believe that a time may come when bitcoin (or some other alt coin) will become a global currency. Popularity of fiat will slowly disappear. Who knows poverty might disappear too.

No one would have ever thought of this thing that bitcoin will have this much of the market value and that bitcoin will have this much of the fame and popularity as it has now. So, we can expect anything to happen in this world especially when it comes to that of the bitcoin. There are likely chances of this thing to happen and that if this thing ever happens, then this will surely help the people in much better way.

But I agree with that person that it is helpful to disappear unemployment problem because people are getting involve in this field with the help of bitcoin so no doubt that people will priority will accept Bitcoin payment instead of fiat because bitcoin is that option of payment where they will don't think about the another thing which are not helping them to make earnings , so surely they will give priority to the bitcoin to use .
And here I am 100% sure that in the coming years of 10 year bitcoin will be a option for everyone to accept as a payment from one country to another country legally without any restriction ( even today we have no restrictions but still few regulations and rules are not in favour to Ake transaction from one country to another country without taxation ) .

I think bitcoin has nothing to do with poverty because poor people cannot but bitcoin. Other issue is that bitcoin will take over in the future or not. There is no doubt that bitcoin or any other cryptocurrency will hold the market because people are investing in bitcoin and everyone wants one usable currency in the globe, so that no need for exchange local currency.

Yes, but now the bitcoin  is the global cryptocurrency, that pulls the whole market behind it.
Look at the indicators of bitcoin trading: where bitcoin, there and the rest of the cryptocurrency.

[3rrr angels]

btc maybe can't global currency in the real life but it is the currency on the internet,now internet is very importance,we need new the way on the inrternet,with blockchain have many app for internet,it is the future of the world

For me I think its possible because this is not the main currency and it can be used as an alternate currency when doing transactions worldwide.

[meatygeiger]

It will never be the main global currency as all the countries must accept it.

[@prashant]

It is not a point to say Bitcoin can not be a global currency,it is the world expensive currency and it is regarded as virtual gold.it is true it can't be use in day today life but investment purpose it is quite good.but as many payment project have been launched to make crypto spendable so it efficiently use the demerit of btc i.e slow transaction and make it fast,that way btc will be used globally.

[nabinkhadka]

I agree with you. because of it's volatile nature BTC can't be a means of Payment. However , BTC can be a store of value. There are other crypto that can serve as means of payment e.g. Litecoin(LTC)

[bowals]

third world countries are still mastering the art of fiat currency, they are not even ready for cryptocurrency. i can imagine in places where electricity is a major challenge, how would they get the necessary internet services to access the blockchain?
except bitcoin evolves, or rather cryptocurrencies, it'll at best, remain the talk of the top rated economies of the world

[Bugatti73]

A lot of ICO projects already run applications and wallets for crypto-currencies. In a few years everyone will use only electronic money, including crypto-currencies.

[charlizesmmes09]

It will take a lot of time for Bitcoin to prove itself. For now, although among our community, Bitcoin is the most trustworthy coin, people who doesnt know about cryptocurrency still think of it as scam or bubble. But I believe it will have a bright future

[ficihch]

I think it's not right statement. If I see that slow but certainly, Bitcoin will develop along with time going on. People already begun receiving bitcoin as a new economic system. It will continue to grow to be a trusted and popular economyc System. Bitcoin will be a global currency. I strongly believe in it.

[BIRC]

To some extent, we can say Bitcoin is a global currency now because people all around the world can buy/sell/invest it in the exchange or other places without the limitation of nationality or location.