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Author Topic: Can Bitcoin become the universal currency of the world? What is the reason?  (Read 1785 times)
Biscutard
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October 27, 2018, 05:12:48 PM
 #81

Can Bitcoin become the universal currency of the world? What is the reason?

Universities and colleges are opening up to the idea of taking donations via cryptocurrency…by Manoj Sharma for CNR Earlier this week

Read more:
https://www.trackcoinmarket.com/en/crypto-news/34494/universities-colleges-learning-handle-donations-bitcoin
I think it won't happen because it does require such exchanging of information in each and every country to agree such plans but like what i have said. It won't happen and if there will be a chance then i guess the chances are very slim and it will get ignored by the government eventually.
javainn
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October 27, 2018, 06:10:44 PM
 #82

maybe in the future if bitcoin can be legalized it can be a universal currency, but I am more agreeing to bitcoin for online sales transactions if done for universal transactions can shift the position of money in a country. maybe it depends on government policies that exist to use bitcoin as one of the best uses.

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eashikde
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October 27, 2018, 06:39:16 PM
 #83

In my opinion, to achieve this process, you have to go through a lot, and most importantly a test of time. Now this segment is not stable and causes many doubts. Bitcoin is not legal in many countries of the world and does not work with governments. First you need to start cooperating, and then discuss global perspectives.
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October 27, 2018, 06:42:08 PM
 #84

Why do you equate legalization with globalization?

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nuraziaaziz
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October 31, 2018, 05:51:32 AM
 #85

I believe it can however there will be a lot of consequences that need to be faced, such problem may acquire is lack of awareness and understanding of Bitcoin also the risk and volatility.
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October 31, 2018, 06:09:51 AM
 #86

I hope Bitcoin becomes the universal currency of the world, because now is the era of technology so that the use of traditional money is not efficient, I think cryptocurrency is the best choice to be able to replace money as a means of payment
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October 31, 2018, 07:46:47 AM
 #87

I think that's possible because with the stormy development of blockchain, it will be a solid foundation for the boom of bitcoin, more people will know it, and it will be used extensively on Around the world
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October 31, 2018, 07:57:08 AM
 #88

Can Bitcoin become the universal currency of the world? What is the reason?

Universities and colleges are opening up to the idea of taking donations via cryptocurrency…by Manoj Sharma for CNR Earlier this week

Read more:
https://www.trackcoinmarket.com/en/crypto-news/34494/universities-colleges-learning-handle-donations-bitcoin
in my opinion, it is already a universal currency because we can use it anywhere in the world especially if we have an internet connection. I can't say that there is still no universal currency because there is bitcoin now. So I guess there is no need to discuss it in further. LOL.
kzozenberg
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October 31, 2018, 02:23:33 PM
 #89

It will not become a universal coin in the near future but will compete in the money we are accustomed to. The world economy was born for centuries and bitcoin which 10 years is very difficult to be close to them ! But he is I think !)

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October 31, 2018, 02:50:58 PM
 #90

Bitcoin is already universal cryptocurrency. Because bitcoin use all over the world and so many fields. Bitcoin is a border less and no need to go third party. Bitcoin use blockchain system its also another reason.
Universal currency dosen't means it's used all over the world. Bitcoin used illegally over the world that's why it's not a universal or global currency. Bitcoin will becoming a global currency need a lot of high transparency. Because people's abusing it's in everywhere by illegal transactions.
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October 31, 2018, 03:01:56 PM
 #91

Can Bitcoin become the universal currency of the world? What is the reason?

Universities and colleges are opening up to the idea of taking donations via cryptocurrency…by Manoj Sharma for CNR Earlier this week

Read more:
https://www.trackcoinmarket.com/en/crypto-news/34494/universities-colleges-learning-handle-donations-bitcoin
Yeah it can be and only time can tell. Although this should be tackle with our leaders in every country and the possibility can be achieve if we all can be united to support bitcoin for mass adoption. The rest could be history.
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November 01, 2018, 02:47:18 AM
 #92

Can Bitcoin become the universal currency of the world? What is the reason?

Universities and colleges are opening up to the idea of taking donations via cryptocurrency…by Manoj Sharma for CNR Earlier this week

Read more:
https://www.trackcoinmarket.com/en/crypto-news/34494/universities-colleges-learning-handle-donations-bitcoin

I don't see it yet now, but i don't know if later bitcoin will developing quickly so it become the universal currency.
Bitcoin volume is enough to become a global currency because it provide high liquidity, peoples will easily use their bitcoin and the others can accept bitcoin as a payment. The only problem i think only the speed of btc transaction.

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November 01, 2018, 03:15:07 AM
 #93

There is no denial in it that Bitcoin can become the universal currency because the population of internet users is growing rapidly  all over the world and the new generation can not think to live without it.They want everything on the internet so they will prefer the digital currency as well.

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November 01, 2018, 03:17:01 AM
 #94

Can Bitcoin become the universal currency of the world? What is the reason?

Universities and colleges are opening up to the idea of taking donations via cryptocurrency…by Manoj Sharma for CNR Earlier this week

Read more:
https://www.trackcoinmarket.com/en/crypto-news/34494/universities-colleges-learning-handle-donations-bitcoin

nope world will have countless currencies.

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November 01, 2018, 04:53:00 AM
 #95

Universal currency dosen't means it's used all over the world. Bitcoin used illegally over the world that's why it's not a universal or global currency. Bitcoin will becoming a global currency need a lot of high transparency. Because people's abusing it's in everywhere by illegal transactions.
But it is used all over the world right? Bitcoin can be used to all types of transactions so you may not just see the possibility and application now but there it is. Whether illegally used or not, don't look at that part because even fiat money is being used illegally.

It may not be the universal currency in the future or slight but it can be use by everyone for almost everything.

I think its very hard and impossible for bitcoin become global currency like US Dollar. Bitcoin is decentralized and no authorities can control and to talk to. But it could be global currency in internet
It isn't hard if the adoption is vast, we didn't even expected it to be supported by some countries so impossible can be possible.

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November 01, 2018, 06:53:54 AM
 #96

There is nothing impossible in the progress of this technology, if there are already many countries that accept bitcoin in their government, it can be possible that this bitcoin can be designated as an electronic currency. But of course it takes a long time to implement this.

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November 01, 2018, 06:59:25 AM
 #97

bro, the price of bitcoin is always rising and falling is the main reason why until now bitcoin cannot be adopted as a common currency for shopping in supermarkets. which causes the price of ups and downs because bitcoin is not backed up by real assets, I prefer cryptocurrency supported by real assets such as USD, Gold or Real Estate. this allows investors to feel safe with the amount of coins they hold
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November 01, 2018, 07:04:14 AM
 #98

maybe, but I think it won't be easy for countries to accept and regulate it, maybe in the next few years many countries will receive crypto but it will take time to be able to set it up.

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November 01, 2018, 07:15:22 AM
 #99

it can be currency for global if all human know about crypto, but for a while. it can be global currency if it can be use offline mode like fiat. everything have power and deficiency, so, use it in the right place. i think crypto can use without eliminating fiat. if some people want to pay in crypto is available, and fiat too
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November 01, 2018, 07:17:12 AM
 #100

I think it can, the existence of Bitcoin and other types of electronic money present certain challenges to the current monetary system. Its technology makes banks, brokers and credit card companies trust. Meanwhile, Bitcoin ownership is something that only the user knows, and is hidden behind the block code. In the future, bitcoin will be legal and become the common currency of the world.
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