HiringYou
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May 15, 2018, 06:28:07 PM |
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Bitcoin provide me with a lot of facilities such as profitable investments in short time,a way to earn good amount of money,cheap and fast anonymous transactions and it also allows me to keep a check on my money etc.No doubt Bitcoin is important to me but I can't consider it as my prime currency.This is because in my country I can't still use Bitcoin directly for payments.I have to convert it into my countries national currency in order to make a use of it.I have to use fiat currency as a mode of payment for basic needs,I get my salary in the form of fiat currency so how can I consider Bitcoin as my prime currency.I am a Bitcoin believer and I hope that in future my government will support Bitcoin so that I can use it directly and at that time it will be my prime currency.
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Tomborneque_1102
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May 15, 2018, 07:06:59 PM |
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Bitcoin can be a prime currency on the internet only. I can't imagine Bitcoin as physical money. what does it look like? how about the other currencies just like US Dollar. will it be gone for good? how about the other Countries that are not accepting Bitcoin. it will take a lot and arguments and debates before Bitcoin can be used and considered as a prime currency.
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v0rtecxz
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May 15, 2018, 07:27:00 PM |
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I imagine how long you have to wait in line at the grocery store or supermarket to check out due to long confirmation time (unless you pay a higher fee) bitcoin is really good to pay something online but in real life or paying small amount i think bitcoin isn't suited for that. But to replace something like western union yes bitcoin can do that perfectly. On the other hand, it's really hard to find a shop that accepts bitcoin as payment method due to lack of adoption.
it's a bit funny, imagine those who queue up at the cashier's to pay for their groceries using bitcoin, of course I think it's inefficient, I prefer to use fiat currency to just pay for groceries at the checkout, as you said bitcoin is good enough to Sizable transactions and large distances, will be very effective using bitcoins for such transactions
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jimmybush07702
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May 15, 2018, 07:28:23 PM |
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I figure the focal point of our group in the following couple of years ought to be on a portion of the crypto world frameworks, and we see that the mishandle of ICO in the last 50% of the year is harming the advancement of the market, and a considerable measure of negative news identified with crypto.
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Stac
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May 15, 2018, 07:35:57 PM |
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In the years to come there are chances for the bitcoins to be in the financial frontier than any other currency as every day new users are entering the bitcoin network and demand for bitcoins is increasing causes for the mass acceptance of bitcoins and block chain technology will cause it to be the prime currency all around the world. Bitcoins has brought a revolutionary change in the way of using finances than the traditional way, bitcoins made the transfer of funds easy digitally world wide.
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Herbys
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May 15, 2018, 08:06:03 PM |
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It's very interesting to read that Bitcoin brought income to someone. now he will enjoy it very very long and so on. But you want to do what you did to make Bitcoin a currency? Bitcoin would not be a currency, it was created as a prototype, but by coincidence, it turned out that Bitcoin was believed, of course, then a little disappointed.
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3la9l_kolbaCa
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May 16, 2018, 12:13:59 AM |
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Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.
In my own bitcoin is my source or it is a money for me because I can do any transaction process with bicoin for easy way. Bitcoin has it's own specialty that is the reason why everyone wants to have bitcoin also. They do have their own speculations and ideas about how they know bitcoin in their own way.
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zarados
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May 16, 2018, 12:35:13 AM |
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I'm sure everyone will argue according to the conditions of bitcoin development in the country or region where he lives. There are some people who can't even invest because of the government ban, moreover to want to make Bitcoin as its main currency. Maybe if later adoption of bitcoin has spread evenly around the world, then we can think of this.
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kier010
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May 16, 2018, 01:24:40 AM |
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bitcoin and fiat could be a good combo. for me bitcoin alone can't become one primary currency it needs fiat to go beside it. each of them have their own advantages and disadvantages and with the two of them working together would be the best. fiat for physical and bitcoin for digital.
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Dr.Osh
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May 16, 2018, 01:41:39 AM |
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bitcoin and fiat could be a good combo. for me bitcoin alone can't become one primary currency it needs fiat to go beside it. each of them have their own advantages and disadvantages and with the two of them working together would be the best. fiat for physical and bitcoin for digital.
Exactly. I do not think bitcoin can stand without fiat. Well, besides, despite the ease of investing, but I think it would be an unstable economic system. You can lose value at any time. so it's better like this.
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Sled
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May 16, 2018, 02:34:55 AM |
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As of now, i cannot imagine bitcoin as my primary currency because it is impossible since the fees are not that payment friendly since you need to pay high fees compare the amount that you just need to pay in the market using fiat so it is still not a good thing for us to think that bitcoin could possibly the primary currency these days.
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Rufsilf
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May 16, 2018, 02:35:38 AM |
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If that would happen, the price of bitcoin should be now fixed since the currency of every country is fixed as well. You could no longer gain money from investing in bitcoin since bitcoin is now the thing that your whole country is now using.Tax will also be impended with every transaction, so what just change is that the thing that you are using is more on account than in cash.
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bitcoinerjawa
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May 16, 2018, 03:02:48 AM |
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Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.
I imagine when bitcoin becomes the main currency for a method of purchasing or used to pay for something to buy, of course it will be able to trigger a rise in bitcoin prices because auto bitcoin demand is increasing.
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macchiato
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May 16, 2018, 03:17:11 AM |
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Bitcoin is too volatile and unstable to become the main currency. It is not meant for buying you groceries and stuffs. It is an asset. An investment. It goes with fiat money. Without fiat money as our primary currency, it will lose its essence. The reason why digital money is all hyped is because it has a huge fiat money equivalent.
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Ca.ming14
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May 16, 2018, 04:08:58 AM |
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I consider bitcoin as currency but i dont think it will be a good idea to use it as my prime currency because not everyone in my country knows Bitcoin even stores so it will be hard to use as a payment so it cannot be my prime currency.
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VentureHero
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May 16, 2018, 04:20:54 AM |
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I still can't see Bitcoin as a "currency" but more as a standard of value. I imagine we will have the same process which brought from gold to fiat currencies, where the new digital currency has to be created yet.
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charlotte04
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May 16, 2018, 04:22:05 AM |
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Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.
We should not expect to much. Just because maybe some other crypto will replace Bitcoin as a payment method.
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DogmaF10
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May 16, 2018, 05:01:12 AM |
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I'd really love this idea, but can not find it will be real. Since my country already banned any transactions using crypto currency. well our govenrment got the point, they have strict rules to protect our currency
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shinchan123
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May 16, 2018, 08:22:15 AM |
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Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.
Actually, I can. There are some advantages and disadvantages to this scenario. Having bitcoin as the prime currency will definitely give order and revolutionized way of how the system works. However, the only problem I see here is the volatility of bitcoin which can definitely affect it's users.
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redsun114
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May 16, 2018, 08:25:42 AM |
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Definitely! as long as all my transactions and orders can be done using bitcoin as a means of payment. But most times, in the real world, u still need fiat to make things happen but i can say they are limited. Bitcoin being the prime currency will be great
If we talk about the potential of the bitcoin and the reputation which bitcoin is having in the international market, then I don’t think so that we will be left with any such reason because of which we do not believe the potential and the capabilities of the bitcoin in not only becoming the prime currency but also the global currency. If that happens, we will surely be able to see much better world.
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