SO CLOSE

[TheTichman]

I feel like even though the price of Bitcoin has been on the down fall I feel like Bitcoin is so close to becoming the worlds leading currency. I can see it, however I feel like it takes some kind of major event for it to get over the hump. I know this sounds messed up, but I feel like another financial crisis would  help out bitcoin make that leap and make people trust the currency more. Another thing is retailers and their acceptance of bitcoins. If Amazon, Walmart, Target etc. started to accept Bitcoin as a valid currency, the currency would become more stable and attractive to consumers. What do you guys think?

[Manoharachan]

Yes it is true and I also think what you think, when the Online store stores can all receive bitcoin as a means of payment I think it will be more stable bitcoin can even rise well.

[KingScorpio]

I feel like even though the price of Bitcoin has been on the down fall I feel like Bitcoin is so close to becoming the worlds leading currency. I can see it, however I feel like it takes some kind of major event for it to get over the hump. I know this sounds messed up, but I feel like another financial crisis would  help out bitcoin make that leap and make people trust the currency more. Another thing is retailers and their acceptance of bitcoins. If Amazon, Walmart, Target etc. started to accept Bitcoin as a valid currency, the currency would become more stable and attractive to consumers. What do you guys think?

how can bitcoin be the worlds leading currency, its not even possible to spend it,

people and bitcoin trader still think in us dollar they seek to increase their amount of us dollar thats why they sell bitcoin or buy it.

from that you see that the us dollar is the lead currency.

[SUDARMONO]

I also feel like you, though bitcoin prices have fallen but bitcoin prices are still expensive for me, and if bitcoin is widely used in online trading I think bitcoin prices will be better and stable.

[Wheelige]

Bitcoin is far from a leading global currency. It needs universal acceptance in a single country before it can make the leap into global acceptance. Think about how many countries will accept USD, even though they may have their own local currency.

I don't think that it necessarily needs to shake being compared to the USD or valued in USD as a main point of reference in order to achieve global currency status (most currencies are compared to other currencies and the US $$ is the most recognised at this point in time).

Stability and ease of transaction will be the big check points for global acceptance. As soon as there is no longer a need to transfer Btc immediately into fiat in order to cover operating expenses then it could hold that kind of status. The more accepted it becomes the more accepted it becomes, its a snowball that just needs a big enough push (acceptance at Amazon or something of that stature would be a pretty decent shove). If you are willing to get paid in Btc because you can buy your milk from the supermarket in btc and pay your rent/mortgage in btc then chances are so will your neighbours etc.

In order for it to be used like a currency though it needs to be transferable like a currency at the micro level. If i can give someone 10c in bitcoin and it only costs me 10-11c then that is the point at which it will be in a similar boat as a FIAT currency. That transaction needs to also happen a the pace of any currently accepted electronic transaction (VISA etc).

We are just at that leap of faith point where people are getting on board the bitcoin train and converting into fiat if need be. If the growing rate of acceptance keeps up then maybe soon you will be able to go on holiday and never have to stop in at a bank to change currency. I see it more as a store of value atm (electronic gold) and have not made a single purchase with it because purchasing it has fees, and transferring it has fess, so in the end its not really at a workable transactional currency yet.

[TheTichman]

I feel like even though the price of Bitcoin has been on the down fall I feel like Bitcoin is so close to becoming the worlds leading currency. I can see it, however I feel like it takes some kind of major event for it to get over the hump. I know this sounds messed up, but I feel like another financial crisis would  help out bitcoin make that leap and make people trust the currency more. Another thing is retailers and their acceptance of bitcoins. If Amazon, Walmart, Target etc. started to accept Bitcoin as a valid currency, the currency would become more stable and attractive to consumers. What do you guys think?

how can bitcoin be the worlds leading currency, its not even possible to spend it,

people and bitcoin trader still think in us dollar they seek to increase their amount of us dollar thats why they sell bitcoin or buy it.

from that you see that the us dollar is the lead currency.

I get what you're saying, but I feel like it has huge advantages over the US dollar. It's not centralized, but even though it's not, it has a system of controlling it's inflation through mining speed. I really don't think that we'll get rid of the dollar or other currencies soon, but I think it has the potential to stand equal to the world's strongest monetary systems.

[reality18]

Such an inspiration feeling, that is good and on a more serious note, you're right with your point. As we all know, the price and value of Bitcoin is affected by the supply and demand of the market and the willingness of people to accept it as a medium of exchange. If Amazon, Walmart etc begin to accept BTC as medium of exchange, its demand will surely be on the rise as these platforms holds millions of people. Anyway, it's a gradual journey Bitcoin has to undertake to get there. Bitcoin hitting a global patronage wouldn't happen out of the blue. There is still more effort to put in place and we all have a part to play.

[andylioe78]

although bitcoin prices have gone down but bitcoin prices are still expensive for me, and if bitcoin is widely used in online trading I think bitcoin prices will be better and stable.

[TheTichman]

Bitcoin is far from a leading global currency. It needs universal acceptance in a single country before it can make the leap into global acceptance. Think about how many countries will accept USD, even though they may have their own local currency.

I don't think that it necessarily needs to shake being compared to the USD or valued in USD as a main point of reference in order to achieve global currency status (most currencies are compared to other currencies and the US $$ is the most recognised at this point in time).

Stability and ease of transaction will be the big check points for global acceptance. As soon as there is no longer a need to transfer Btc immediately into fiat in order to cover operating expenses then it could hold that kind of status. The more accepted it becomes the more accepted it becomes, its a snowball that just needs a big enough push (acceptance at Amazon or something of that stature would be a pretty decent shove). If you are willing to get paid in Btc because you can buy your milk from the supermarket in btc and pay your rent/mortgage in btc then chances are so will your neighbours etc.

In order for it to be used like a currency though it needs to be transferable like a currency at the micro level. If i can give someone 10c in bitcoin and it only costs me 10-11c then that is the point at which it will be in a similar boat as a FIAT currency. That transaction needs to also happen a the pace of any currently accepted electronic transaction (VISA etc).

We are just at that leap of faith point where people are getting on board the bitcoin train and converting into fiat if need be. If the growing rate of acceptance keeps up then maybe soon you will be able to go on holiday and never have to stop in at a bank to change currency. I see it more as a store of value atm (electronic gold) and have not made a single purchase with it because purchasing it has fees, and transferring it has fess, so in the end its not really at a workable transactional currency yet.

Interesting Perspective, do you think that there might be a way to lower the general transaction prices and make it affordable? I feel like you could technically use it today like PayPal, just safer. What do you think?

[Wheelige]

Bitcoin is far from a leading global currency. It needs universal acceptance in a single country before it can make the leap into global acceptance. Think about how many countries will accept USD, even though they may have their own local currency.

I don't think that it necessarily needs to shake being compared to the USD or valued in USD as a main point of reference in order to achieve global currency status (most currencies are compared to other currencies and the US $$ is the most recognised at this point in time).

Stability and ease of transaction will be the big check points for global acceptance. As soon as there is no longer a need to transfer Btc immediately into fiat in order to cover operating expenses then it could hold that kind of status. The more accepted it becomes the more accepted it becomes, its a snowball that just needs a big enough push (acceptance at Amazon or something of that stature would be a pretty decent shove). If you are willing to get paid in Btc because you can buy your milk from the supermarket in btc and pay your rent/mortgage in btc then chances are so will your neighbours etc.

In order for it to be used like a currency though it needs to be transferable like a currency at the micro level. If i can give someone 10c in bitcoin and it only costs me 10-11c then that is the point at which it will be in a similar boat as a FIAT currency. That transaction needs to also happen a the pace of any currently accepted electronic transaction (VISA etc).

We are just at that leap of faith point where people are getting on board the bitcoin train and converting into fiat if need be. If the growing rate of acceptance keeps up then maybe soon you will be able to go on holiday and never have to stop in at a bank to change currency. I see it more as a store of value atm (electronic gold) and have not made a single purchase with it because purchasing it has fees, and transferring it has fess, so in the end its not really at a workable transactional currency yet.

Interesting Perspective, do you think that there might be a way to lower the general transaction prices and make it affordable? I feel like you could technically use it today like PayPal, just safer. What do you think?

Sure, if it was accepted like paypal then it you COULD use it. I think there were operators getting into a space of being a middleman for btc payments by accepting btc and paying retailers fiat but that entirely defeats the purpose by adding friction. I'm not sure on the exact amount of an average transaction atm but i dont think it is quite there even with segwit. The lightning network, by my understanding, is trying to solve this by setting up a single on-chain transaction which would lower the cost over multiple transactions. If your purchasing a car then the %fee isnt going to hurt but if you pay the fee for every bottle of milk it would stack up.

[sultanali]

Yes, I totally agree with you that bitcoin is very close to becoming a normal currency which people are using as a normal currency. I want to see the world to use bitcoin in their daily lives.

[keping1]

I think if a giant like amazon, walmart, the target will make bitcoin more needed and indirectly the level of bitcoin demand will increase

[bingungsekali]

I feel like even though the price of Bitcoin has been on the down fall I feel like Bitcoin is so close to becoming the worlds leading currency. I can see it, however I feel like it takes some kind of major event for it to get over the hump. I know this sounds messed up, but I feel like another financial crisis would  help out bitcoin make that leap and make people trust the currency more. Another thing is retailers and their acceptance of bitcoins. If Amazon, Walmart, Target etc. started to accept Bitcoin as a valid currency, the currency would become more stable and attractive to consumers. What do you guys think?

it's true what you say, when all the people and some countries of the world accept the existence of bitcoin and become a legitimate currency, bitcoin prices can be more expensive than today and for the next few months.
this may happen, even if for now only a few countries can accept bitcoin and this seems a bit difficult to do.

[pooya87]

I feel like even though the price of Bitcoin has been on the down fall I feel like Bitcoin is so close to becoming the worlds leading currency.

bitcoin stopped being on "the down fall" a couple of weeks ago!
and we are not anywhere close to seeing bitcoin as the worlds leading currency, it has the potential for sure but it is far away.

Another thing is retailers and their acceptance of bitcoins. If Amazon, Walmart, Target etc. started to accept Bitcoin as a valid currency, the currency would become more stable and attractive to consumers. What do you guys think?

merchants, retailers,... adoption of bitcoin will increase the adoption in general, that is for sure but it won't make bitcoin price stable. the only thing that can make it stable is more trusted exchanges with packed order books instead of current shady/risky ones with thin order books.

[Jcabudx]

Yes bitcoin price fall down but its price is still expensive no one can just buy a bitcoin in just one buying. And bitcoin can't be a price that you can use to buy stuff in the store. Yes it is leading all currency but its on crypto not the real currency like dollar that you can use to buy in store or in the market. Its just my thought.

[Kotone]

I feel like even though the price of Bitcoin has been on the down fall I feel like Bitcoin is so close to becoming the worlds leading currency. I can see it, however I feel like it takes some kind of major event for it to get over the hump. I know this sounds messed up, but I feel like another financial crisis would  help out bitcoin make that leap and make people trust the currency more. Another thing is retailers and their acceptance of bitcoins. If Amazon, Walmart, Target etc. started to accept Bitcoin as a valid currency, the currency would become more stable and attractive to consumers. What do you guys think?

For me, If I am going to put an analogy to it, I think that bitcoin’s price is viewable on the horizon but still far enough. Although I know what you mean when you say that it is so close yet so far. However, with how bitcoin has been acting uo and how volatile the current structure is I can say that we still need to have a regulations in effect which I think would help bitcoin and the whole of the cryptocurrency market greatly. That said I am waiting for a country to realky integrate bitcoin into them

[Prodigan786]

Bitcoin can’t accept as a regular currency because of its high volatility. Still I am not seeing bitcoin as a major currency it’s more or less like asset or commodity. Even any shares or asset couldn’t find such a huge fluctuation . Bitcoin will be having this fluctuation in future also because of increasing popularity and demand other side only 21 million coins.

[idgaf007]

Yes it is true because little by little bitcoin is improving it's technology together with the countries slowly knowing more or accepting it's real world use. It is slowly getting mainstream by it's own organic way.  If reasonable regulations could be implemented without altering bitcoin's purpose then we could see it being adapted faster. I like this time of bitcoin's growth and I am happy to be part of history.

[Mpamaegbu]

I feel like even though the price of Bitcoin has been on the down fall I feel like Bitcoin is so close to becoming the worlds leading currency. I can see it, however I feel like it takes some kind of major event for it to get over the hump. I know this sounds messed up...

I also feel " I know this sounds messed up" Bitcoin is a phenomenal, no doubt but how we exalt it into the apotheosis of world leading currency beats me hallow. How is that going to happen? Bitcoin can't even survive without the Internet. Its workings aren't easily understood by the unlettered and illiterates, even the literate ones struggle to understand how the blockchain tech works. It's a good feeling to have about Bitcoin's position in world currency but an objective critique shows it isn't going to be possible.

[Caesar Cung]

I feel like even though the price of Bitcoin has been on the down fall I feel like Bitcoin is so close to becoming the worlds leading currency. I can see it, however I feel like it takes some kind of major event for it to get over the hump. I know this sounds messed up...

I also feel " I know this sounds messed up" Bitcoin is a phenomenal, no doubt but how we exalt it into the apotheosis of world leading currency beats me hallow. How is that going to happen? It can't even survive without the Internet. Its workings aren't easily understood by the unlettered and illiterates. Even the literate struggle to understand how the blockchain tech works. It's a good feeling to have about Bitcoin's position in world currency but an objective critique shows it isn't going to be possible.

Man I wouldn't know what to do with a car like that. My main wheels is a bicycle and I have a scooter for when I step out. With a cup holder for my beer.

A Lambo is the most useless car I can think off.

In fact I was in Singapore and some dude was driving a Ferrari, you can hear it miles away. So he pulls off at the light, gets to second gear, has to stop for the next light. I heard that car go about 5 traffic lights, he never got over second gear. Totally and utterly pointless.

Where I am you can't get over 80km/h in the entire country, just water buffaloes and scooters. So if I ever bought one I'd wall mount it. Just what you have to do if you make it in Crypto's I guess.