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Author Topic: Bitcoin is Becoming a Global Currency  (Read 226327 times)
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November 02, 2016, 10:16:37 AM
 #1421

It's possible.. but someone must represent bitcoin and introduce it to the world and it would be a very hard job because there would be a lot of discussions, questions that needs to be answered and in the end all countries will decide if they're going to accept bitcoin as the world/global currency. I enjoyed bitcoin a lot for as long as I'm profiting money from it then that would be fine for me. Cheesy
We will go down to the lowest level in the community as we are only limited to transacting online. Do not expect that we can make all people adopt with bitcoin because only those who are educated with crypto currency will understand about bitcoin. Despite of the limited users, we can still call it as a global currency since it was accepted globally.
Which is the concept and the target success of this currency giving us another option and little by little we are now seeing the progress bitcoin is almost been used to most known country and adoption is really getting high from time to time,.
Yeah and the speed of btc's progress is quite promising. I think it already is an international currency but we also have to do our part in introducing bitcoin to others as the more bitcoin grows, thebmore benefits we will merit

 
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November 02, 2016, 10:51:28 AM
 #1422

It's possible.. but someone must represent bitcoin and introduce it to the world and it would be a very hard job because there would be a lot of discussions, questions that needs to be answered and in the end all countries will decide if they're going to accept bitcoin as the world/global currency. I enjoyed bitcoin a lot for as long as I'm profiting money from it then that would be fine for me. Cheesy
We will go down to the lowest level in the community as we are only limited to transacting online. Do not expect that we can make all people adopt with bitcoin because only those who are educated with crypto currency will understand about bitcoin. Despite of the limited users, we can still call it as a global currency since it was accepted globally.
Which is the concept and the target success of this currency giving us another option and little by little we are now seeing the progress bitcoin is almost been used to most known country and adoption is really getting high from time to time,.
Yeah and the speed of btc's progress is quite promising. I think it already is an international currency but we also have to do our part in introducing bitcoin to others as the more bitcoin grows, thebmore benefits we will merit
bitcoin is indeed already an international currency but only in internet which are nationality and even government's rules doesn't matter that much while bitcoin is actually not yet stated as "official  international currency" in so many countries,even its status still biased

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November 02, 2016, 10:53:00 AM
 #1423

It's possible.. but someone must represent bitcoin and introduce it to the world and it would be a very hard job because there would be a lot of discussions, questions that needs to be answered and in the end all countries will decide if they're going to accept bitcoin as the world/global currency. I enjoyed bitcoin a lot for as long as I'm profiting money from it then that would be fine for me. Cheesy
We will go down to the lowest level in the community as we are only limited to transacting online. Do not expect that we can make all people adopt with bitcoin because only those who are educated with crypto currency will understand about bitcoin. Despite of the limited users, we can still call it as a global currency since it was accepted globally.

I don't think it is necessary to be educated with crypto currency to accept Bitcoin. What percentage of the people who are using computers have an idea how they really work? I think it would be less than 1%. So it is enough to be convenient to use for most people to be used by them. Bitcoin is definitely becoming a Global Currency whether anybody wants it or not.

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November 02, 2016, 11:23:56 AM
 #1424

It's possible.. but someone must represent bitcoin and introduce it to the world and it would be a very hard job because there would be a lot of discussions, questions that needs to be answered and in the end all countries will decide if they're going to accept bitcoin as the world/global currency. I enjoyed bitcoin a lot for as long as I'm profiting money from it then that would be fine for me. Cheesy
We will go down to the lowest level in the community as we are only limited to transacting online. Do not expect that we can make all people adopt with bitcoin because only those who are educated with crypto currency will understand about bitcoin. Despite of the limited users, we can still call it as a global currency since it was accepted globally.

I don't think it is necessary to be educated with crypto currency to accept Bitcoin. What percentage of the people who are using computers have an idea how they really work? I think it would be less than 1%. So it is enough to be convenient to use for most people to be used by them. Bitcoin is definitely becoming a Global Currency whether anybody wants it or not.
It could be more on us because we are the users of bitcoin and not other people who does not have the idea of what bitcoin really is. Most of the businesses that are using bitcoin are so profitable, like take it for example a gambling industry, they are booming because of bitcoin and since gamblers are all around the world it will certainly grow.

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November 02, 2016, 12:14:03 PM
 #1425

In the past years bitcoin has grown and improved a lot, No wonder that other countries are setting their eyes on it  . If the world of paper money gets replaced by cryptocurrencies then I'm sure bitcoin will take the lead, However it takes too much time before this thing will happen. 

As long as bitcoin continues to improve itself then it will be just a matter of time before it becomes widely known and used.

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November 02, 2016, 12:54:51 PM
 #1426

In the past years bitcoin has grown and improved a lot, No wonder that other countries are setting their eyes on it  . If the world of paper money gets replaced by cryptocurrencies then I'm sure bitcoin will take the lead, However it takes too much time before this thing will happen. 

As long as bitcoin continues to improve itself then it will be just a matter of time before it becomes widely known and used.
For sure we will be a big thing in the future, we are lucky we are here now so we can take all the opportunity to earn and we have to make sure by the time bitcoin is not good for investment as it has become popular, we should be rich because of BTC by then.

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November 02, 2016, 01:56:00 PM
 #1427

For the first time, when I look at the offers on LocalBitcoins.com, there are a half-dozen currencies ahead of the US dollar, offering a higher price for Bitcoin than US dollar users.

Euros, South African Rands, New Zealand Dollars, Hong Kong Dollars, Polish Zloty, Malaysian Ringgits.

It is no longer just the US, EU or even China driving adoption.  There is a market for Bitcoins in major countries all over the world.
It can be a Global Currency But it will never replace any phycal money in this world if you guy's are going to think it bitcoin has really good feature when it comes in currencies but it will be more risk if bitcoin will be our main method of currency and it will be more expensive when the year comes in the right place but if bitcoin will be banned into the countries soon what will happen?
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November 02, 2016, 08:32:01 PM
 #1428

For the first time, when I look at the offers on LocalBitcoins.com, there are a half-dozen currencies ahead of the US dollar, offering a higher price for Bitcoin than US dollar users.

Euros, South African Rands, New Zealand Dollars, Hong Kong Dollars, Polish Zloty, Malaysian Ringgits.

It is no longer just the US, EU or even China driving adoption.  There is a market for Bitcoins in major countries all over the world.
It can be a Global Currency But it will never replace any phycal money in this world if you guy's are going to think it bitcoin has really good feature when it comes in currencies but it will be more risk if bitcoin will be our main method of currency and it will be more expensive when the year comes in the right place but if bitcoin will be banned into the countries soon what will happen?
What will be the difficulties if bitcoin costs more? To use bitcoin as a currency its price has no significant role.
Banning bitcoin will not be possible for any country to restrict their citizen to use and save bitcoins. As per basic human right, we can save a digital property and we can use them. If possible a government may tax it, beyond tax a government can not do anything with bitcoin.

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November 02, 2016, 08:45:54 PM
 #1429

Let's stop this thread and all speculations. There is simple explanation what is "global currency", and bitcoin fulfilled all necessary conditions to be called global currency.
Definition of global currency is:

In the foreign exchange market and international finance, a world currency, supranational currency, or global currency refers to a currency that is transacted internationally, with no set borders.


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November 02, 2016, 09:10:07 PM
 #1430

It's possible.. but someone must represent bitcoin and introduce it to the world and it would be a very hard job because there would be a lot of discussions, questions that needs to be answered and in the end all countries will decide if they're going to accept bitcoin as the world/global currency. I enjoyed bitcoin a lot for as long as I'm profiting money from it then that would be fine for me. Cheesy
I think do not need a big story to tell about bitcoin, you just need to sit down and see what happens, because bitcoin evolved and spread worldwide
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November 03, 2016, 12:56:25 AM
 #1431

Let's stop this thread and all speculations. There is simple explanation what is "global currency", and bitcoin fulfilled all necessary conditions to be called global currency.
Definition of global currency is:

In the foreign exchange market and international finance, a world currency, supranational currency, or global currency refers to a currency that is transacted internationally, with no set borders.


Definitely I agree with your comment here, there's no point of debating whether bitcoin is a global currency or not because we have already proven that it is. The fact that we can transact with different people and bitcoin connects us even you are living in different dimension of the world, that is already an awesome reality that cannot be argued.

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November 03, 2016, 03:51:45 AM
 #1432

This is possible bitcoin is becoming global currency. As bitcoin price
seems increasing and increasing its demands. Since bitcoin is
becoming well known globally but not all people knew bitcoin. Yet,
still their is a need to introduce bitcoin to other people. However,
luckily that we knew bitcoin and we earned from it.
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November 03, 2016, 04:05:10 AM
 #1433

The bitcoin can become a global currency but its the question when this will happen and there still needs to happen a lot to accomplish this if you are asking me.
The bitcoin can gain more users and by that it can later accomplish this.
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November 03, 2016, 04:49:42 AM
 #1434

The bitcoin can become a global currency but its the question when this will happen and there still needs to happen a lot to accomplish this if you are asking me.
The bitcoin can gain more users and by that it can later accomplish this.

Bitcoin is already a global currency. It is being used in different countries and traded to different currencies. Nothing more can be more global than that. There are fewer bitcoin users that fiat users but it is still being used globally. So It is a global currency.
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November 03, 2016, 06:08:28 AM
 #1435

The bitcoin can become a global currency but its the question when this will happen and there still needs to happen a lot to accomplish this if you are asking me.
The bitcoin can gain more users and by that it can later accomplish this.

Bitcoin is already a global currency. It is being used in different countries and traded to different currencies. Nothing more can be more global than that. There are fewer bitcoin users that fiat users but it is still being used globally. So It is a global currency.

Yeah it is now being used as global currency as we can see and in fact thousands of merchants are already accepting bitcoins.

So this is a good indication that bitcoin is being used as one of the most used currency wherever country you live.
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November 03, 2016, 02:23:36 PM
 #1436

It's certainly on this path, many establishments are going to use and customers are realizing the advantages that the use of bitcoin as a payment method can bring.

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November 03, 2016, 02:38:18 PM
 #1437

bitcoin just needs proper marketing for people to understand it so that it gains popularity and gets to be a global currency
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November 03, 2016, 03:35:08 PM
 #1438

bitcoin just needs proper marketing for people to understand it so that it gains popularity and gets to be a global currency

The best promotion that bictcoin can have is from their costumers, we, besides that some big companies are start working with bitcoin already, and some people are investing into bitcoin the same way they do and did with gold, as a store of value, bitcoin has its place already in the market, even being a small portion at the moment it has huge potencial to achieve a better status and position.
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November 03, 2016, 03:44:38 PM
 #1439

bitcoin just needs proper marketing for people to understand it so that it gains popularity and gets to be a global currency
Well, it is quite possible if a time bitcoin-known, and has been known to everyone, become a global currency. however, the presence of anonymous transactions that will make it difficult to accept, because it will support the illegal transactions everywhere. if bitcoin wants to become a global currency, the transaction must be conducted openly


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November 04, 2016, 10:39:19 AM
 #1440

Bitcoin has gained global popularity due to its nature of transactions. It is very easy to transact with bitcoin and there are no elaborate procedures involved. It can also not be traced easily that is why many people prefer using it. This feature has made it to be liked by many people thus its likelihood of becoming a global currency is high.
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