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Author Topic: can you imagine bitcoin as your prime currency.  (Read 1450 times)
ausbit
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May 24, 2018, 06:10:11 AM
 #301

Of course this depends on the situation, if more places are receiving bitcoin then i would happily make bitcoin as prime currency, but unfortunately this seems difficult to happen or takes a longer time.
At the present moment, we cannot use bitcoin in true sense of currency because most of the businesses and shopkeepers are not accepting it as a payment. It is due to the government. Many states of the world are not willing to accept bitcoin as it lays a great threat to their control.

It is not possible for bitcoin rather all the crypto coins to mainstream without the help of federal authorities. That is why it is treated as an asset.
Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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May 24, 2018, 09:17:50 AM
 #302

if my most important desire for now, bitcoin can be used as a tool of transactions in all areas of my life, so under no circumstances will I feel calm because I live using bitcoin for my daily needs, so do not have to complicated there and here, enough with bitcoin alone affairs smoothly, here's my wish about this bitcoin
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May 24, 2018, 09:49:43 AM
 #303

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 is true that right now bitcoin is not very suitable to pay for your groceries in a supermarket because the confirmation time is simply too long, but this could be solved once the lightning network is completely activated once that happens we will be able to use our bitcoin anywhere we want and we will get very fast confirmations and when that happens finally will see bitcoin being adopted and being used in our everyday lives.
I can imagine bitcoin as my primary and the only usable currency in the future. It will take long time for the whole world to accept and use bitcoin as their regular currency. In this day I use bitcoin just for making more and more money and not using it for my needs. The use of bitcoin is rare today but with the passage of time it will increase more.

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May 24, 2018, 09:53:03 AM
 #304

Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.

I can not imagine that I am using bitcoin as a prime currency. I will definitely choose our currency its because I know that it will not be hard or making an adjustment and people in our country are capable in using our national currency. Its better that bitcoin will be as a digital currency and its also unstable and the price of its is volatility, Bitcoin is better not became as a prime currency, for sure if this things happen some people will complain and the government will have a regulation about it. And bitcoin or other cryptocurrency will have a big adjustment in the market.

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Cotton Candy
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May 24, 2018, 09:54:43 AM
 #305

Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.

I can imagine them and that is wonderful I am sure that the people won't be able to go from.plave to place just tp pay those things they needed to pay because in bitcoins you can do transaction all over the world using just your mobile devices or computers. The life will be convenient because you will not bring a vash in you or an atm card you just need to bring you phone and scam everything you need to pay. But still the volatility will be a problem here.
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May 24, 2018, 10:03:11 AM
 #306

Yes, the money is really Powerful bitcoin not only Strong yet stable. So one believes in bitcoin. Thanks ..
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May 24, 2018, 10:18:04 PM
 #307

For me personally still thinking that it's a new thing as complementary of regular currency, which serves as the complementary role in my private economic life.
I think it will only survive as an alternative currency for everyone, because of its existence that just in a cyberspace.
It will depend on your lifestyle, and in the country in which you are living, for example if you're living in Japan which is the country that has adopted cryptocurrencies at the fullest then it will be entirely possible to only use bitcoin as your main currency, but if you live in a country which has barely adopted bitcoin and the income that you get out of bitcoin is very low then at best bitcoin will be a complement to your fiat currency.

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Rooster101
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May 25, 2018, 12:00:09 AM
 #308

When it comes to virtual currency, bitcoin is my main currency and I often use it it in my online transactions. Bitcoin is not yet approved as one of the legal tender here in my country but the monetary authorities allowed it for remittance purposes only or by sending money through bitcoin and claim it by cash. There are already some local online shops that accept bitcoin as one of their mode of payment but I mostly convert it to cash.
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May 25, 2018, 01:10:03 AM
 #309

As of the moment i cannot still comprehend due to the fact that we still are using fiat money. And many are still not familiar with it.
ruski
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May 25, 2018, 02:42:42 AM
 #310

It is hard to consider Bitcoin as a prime currency, because its usability offline is still really limited, and also the BTC transactions need time to get confirmed, while we need fast payments for our daily needs and paying the bills. Also BTC is still not yet supported around the world by most of the countries.

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May 25, 2018, 02:59:18 AM
 #311

Why not? Actually I am already considering as my currency, I may not using it in some things since some people and business are not yet accepting bitcoin here in our country but once I knew something that they are accepting it then I am using it, as in that way I am helping bitcoin to promote.

I would love to save this currency as like everyone does here. To be frank, i will to earn more bitcoin than my local currency. At the same time spend my own local currency for any expense than bitcoin. I have been here in this community for more than an year. The journey taught me that bitcoin is the best asset one can have at this situation. So targeted to earn more Bitcoin and other crypto currencies.

A great news if Bitcoin will the primary currency replacing FIAT money. Better digital transaction, faster and valuable profits for investment, this are everyone dreams, to have crypto currency trading transaction globally accepted, with no worries about having a large some of money when you travel, whether locally or on international vacation or tour maybe. But, lets be realistic for the moment, the entry of Crypto currency or Bitcoin in the trading market, CHANGE the general overview of the market trading since. It was hammered by a lot of issues, like Banned,Scammer and now the persistent issue on Regulation by the government. Once this issue were address, maybe by then , we can say, the possible use of Bitcoin as primary currency.
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May 25, 2018, 03:03:48 AM
 #312

Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.
Yes, you are right everyone has their own fantasy about Bitcoin. Especially if the person is very fond of Bitcoin, certainly a lot of good hope to live in the future. Yes, I imagine if one day Bitcoin could become my main currency. If this could happen I can not imagine how rich my life is.

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May 25, 2018, 03:10:58 AM
 #313

Bitcoin was the most correct investment I ever made, and it brought me wealth.

I think BTC will be the price currency of the future, and we will be more inclined to BTC than legal tender.

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May 25, 2018, 03:12:59 AM
 #314

Why not? Actually I am already considering as my currency, I may not using it in some things since some people and business are not yet accepting bitcoin here in our country but once I knew something that they are accepting it then I am using it, as in that way I am helping bitcoin to promote.

I would love to save this currency as like everyone does here. To be frank, i will to earn more bitcoin than my local currency. At the same time spend my own local currency for any expense than bitcoin. I have been here in this community for more than an year. The journey taught me that bitcoin is the best asset one can have at this situation. So targeted to earn more Bitcoin and other crypto currencies.

Everyone would love this when it happened specially  the crypto currency world of investors and traders, a global digital transaction is much better, easy, faster, no paper documentation, decentralized transaction. A better world for everybody, as everyone dreams to happen. But, lets look back a bit, the entry of crypto or Bitcoin on the market treed or the market trading Change the out look of general public investors, whether on stock market or on crypto market trading, with the growing acceptance on crypto trading globally, had an effect for the future of trading in the business world. Bitcoin was hammered by a lot of issues on Scammer, Banned, and now the never ending issue on Regulation on the use of digital transaction on its country trading Bitcoin, once this issues were address, i am optimistic, that the possible realization on Bitcoin as primary currency will be our future of market trading transaction.

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Jannatul Shefa
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May 25, 2018, 04:06:37 AM
 #315

Yeah. I can imagine bitcoin as our prime currency. Day by day people are becoming depending on online currency. One day will come when bitcoin will be the world's prime currency. And I can imagine that as bitcoin is on top.

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May 25, 2018, 05:43:03 AM
 #316

Bitcoin may be my main asset. But actually I like eth more, every time I need to trade I still use eth because it's faster, cheaper
There is nothing wrong in imaging any such thing as anything can happen in this world and that we never know what future will bring for us as the future is very much unpredictable. If we look at the capabilities and the potential of the bitcoin, then I don’t think so that we will have any other reason or logic because of which we can say that bitcoin cannot be the global currency or the primary currency of any country.
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May 26, 2018, 07:41:38 AM
 #317

I'm okay with using bitcoin as my main currency though as of the moment, its value is a bit unpredictable. It would be better if it would have a somewhat fix range or value.
bitcoin volatility make it become impossible to use as main currency.even more to use as global international trade payment.its to risky for exportir or importir.
There are pros and cons of each and everything we see in this world and that there are in very much favor of such kind of thing. At this very moment, the chances of this thing to happen are quite low but still, there is a hope that in the future you can expect something like that at time when the government will be willing to declare these crypto currencies as legal currencies.
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May 26, 2018, 09:40:48 PM
 #318

I guess it would be nice if that happens. Transactions will become easier and more faster. But in reality fiat still rules the market for a very long time.

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May 26, 2018, 09:45:25 PM
 #319

I think I can live my whole life in Bitcoin. Bitcoins can be my Prime life and I can use it whatever I like they used because I'm not in future I am sure everything will accept Bitcoin and other altcoins too. Right now it is hard but not impossible to stay in Bitcoin maybe there will be many consequences but still you can live on Bitcoin and I don't think I will switched over to Physical cash or any other payment stuff.
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May 26, 2018, 11:42:13 PM
 #320

Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.
For me bitcoin is such a blessing. It helps me to earn some money without the use of my own money. It helps me in sustaining the needs and wants of my family.
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