Bitcoin is Becoming a Global Currency

[roadbits]

Bitcoin could also be a "safe" investment like gold is, because of the low inflation if the demand is steady the price would remain the same over large periods of time.

I doubt whether that is possible. Gold is being used as a form of currency for more than 5,000 years now, and that is one of the reasons why we are having stable exchange rates for gold. Also, gold is exchangeable almost anywhere in the world. Bitcoin, on the other hand is just 6 years old, and very few people are using it.

Not only very less people using it but it also have lot of transaction limitations and bitcoins also using in may non legal transactions so no governments will official accept bitcoin as currency. Instead bitcoin will be a alternative currency to buy some things online like now forever but in future this market may be quite big.

[Amph]

Yes it is spreading everywhere throughout the world however it is not as quicker that it ought to be and the reason is absence of knowledge among the common people of the most. It is headed to be a worldwide cash yet it will require some investment and it is just conceivable when there is acknowledgment from the world people.

from what i can tell, it seems that only the awareness it's spreading nicely but still there is a long way to go, on the contrary the usage not so much, kinda stale

we need something like a catalyzing process, that speed up the usage, someone big should start it

[fkvidar]

I believe it's only a matter of time. I don't know exactly how much time. But what I see happening is enormously exciting on so many levels. Bitcoin is the new money. It's just that the majority of people don't know it yet.

[BlackPanda]

bitcoin as a currency will enter the market held, be a strong currency and reliable

[Dotakels]

Bitcoin could also be a "safe" investment like gold is, because of the low inflation if the demand is steady the price would remain the same over large periods of time.

I doubt whether that is possible. Gold is being used as a form of currency for more than 5,000 years now, and that is one of the reasons why we are having stable exchange rates for gold. Also, gold is exchangeable almost anywhere in the world. Bitcoin, on the other hand is just 6 years old, and very few people are using it.

Not only very less people using it but it also have lot of transaction limitations and bitcoins also using in may non legal transactions so no governments will official accept bitcoin as currency. Instead bitcoin will be a alternative currency to buy some things online like now forever but in future this market may be quite big.

You know why theres some people who are using bitcoin after 6 years? because theres so many things that must to study about bitcoin, if they will accept it right now after you introduced it to them without studying it, it may cause of many crimes or bad things will happen.

[angelakay124]

It is true that bitcoin have begun to be accepted by several countries and stock markets. But in some of the countries like nepal it is very hard to deal with paypal and other payment processor till now. Bitcoin is also not in so much of light over here as currency but for developer like me it has become a good way to accept payment rather than paypal due to no restrictions for my country like they have in paypal. Happy to see how bitcoin is working these days.

[pitham1]

It is true that bitcoin have begun to be accepted by several countries and stock markets. But in some of the countries like nepal it is very hard to deal with paypal and other payment processor till now. Bitcoin is also not in so much of light over here as currency but for developer like me it has become a good way to accept payment rather than paypal due to no restrictions for my country like they have in paypal. Happy to see how bitcoin is working these days.

As long as bitcoin is small and under the radar of the government, there is no problem. Once it becomes bigger, the government will subject it to the same restrictions / regulations as any other money transmission medium.

[chennan]

As long as bitcoin is small and under the radar of the government, there is no problem. Once it becomes bigger, the government will subject it to the same restrictions / regulations as any other money transmission medium.

Yes, this is especially true when you think about the fed and private banks and the amount of control they have over the government.  It would be very naive to think that a small group of very wealthy/very powerful group of white men with indirect control of the worlds most powerful armies wouldn't do something to protect the scheme they have going as of right now.  It'll be a long hard road for bitcoin to be fully accepted in every business/institution residing in every country in the planet.  That's some WWIII sh**.

[fox19891989]

America can sustain their way of life by just printing more dollars, and the inflation will not only hit America, but the whole world. So America is basically stealing wealth from the whole world by importing goods with infinite dollars. Once Bitcoin becomes mainstream and dollars become relics of the past, America will need to find export products or else their economy will collapse, they can't print their way out of this. Even if they'd own every single Bitcoin, they minute they import something the world will demand something of equal value back, so eventually they either need to export or hand over some bitcoins.

This means wealth will theoretically become more evenly distributed. You can get a huge head starts by investing early, but once Bitcoin is the 'reserve currency' of the world you will eventually have to do something productive or accept the fact that you will eventually bleed dry.

[wearepoor]

Yes it is spreading everywhere throughout the world however it is not as quicker that it ought to be and the reason is absence of knowledge among the common people of the most. It is headed to be a worldwide cash yet it will require some investment and it is just conceivable when there is acknowledgment from the world people.

Agreed with you, many people are not aware with the concept of crypto currency. Education and awareness in required in order to build the trust towards bitcoins so that there will be increase in the people who are using bitcoins and the same has to be spread over the period. I believe that one day btc will be accepted universally as a mode of payment.

[Miss Fortune]

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 is possible for it to become the next global currency, as much as heard that it is becoming known with  other countries out there and at the same time used.

[Dotakels]

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 is possible for it to become the next global currency, as much as heard that it is becoming known with  other countries out there and at the same time used.

as much theres someone use it and as much as government will not ban it and if they can not totally support it, just give bitcoin a chance to prove that it can help the economy of their country.

[coinplus]

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 is possible for it to become the next global currency, as much as heard that it is becoming known with  other countries out there and at the same time used.

as much theres someone use it and as much as government will not ban it and if they can not totally support it, just give bitcoin a chance to prove that it can help the economy of their country.

There is no problem even if some countries do not like the growth of bitcoin or the raise of bitcoin. It will not definitely affect the bitcoin's growth as a global currency. When, there is a real potential thing happens, it will reach it's own target just because of it's own deserved potential heights. So, bitcoin to be global currency is imminent.

[letsplayagame]

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.

Many people feel that bitcoin can have the largest impact in developing economies with weak fiat currencies. Most of the world does not even have a bank account. Bitcoin can help

[Miss Fortune]

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.

When there are people who will use it and support it and as much as the government wont do things that can be a hindrance to it soon I believe it will be.

[Dotakels]

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 is possible for it to become the next global currency, as much as heard that it is becoming known with  other countries out there and at the same time used.

as much theres someone use it and as much as government will not ban it and if they can not totally support it, just give bitcoin a chance to prove that it can help the economy of their country.

There is no problem even if some countries do not like the growth of bitcoin or the raise of bitcoin. It will not definitely affect the bitcoin's growth as a global currency. When, there is a real potential thing happens, it will reach it's own target just because of it's own deserved potential heights. So, bitcoin to be global currency is imminent.

yeah its about to happen we are not to rush the growth of bitcoin and let the people discover how its work or we can help them to introduced and to understand to them what bitcoin can make.

[Falconer]

America can sustain their way of life by just printing more dollars, and the inflation will not only hit America, but the whole world. So America is basically stealing wealth from the whole world by importing goods with infinite dollars. Once Bitcoin becomes mainstream and dollars become relics of the past, America will need to find export products or else their economy will collapse, they can't print their way out of this. Even if they'd own every single Bitcoin, they minute they import something the world will demand something of equal value back, so eventually they either need to export or hand over some bitcoins.

This means wealth will theoretically become more evenly distributed. You can get a huge head starts by investing early, but once Bitcoin is the 'reserve currency' of the world you will eventually have to do something productive or accept the fact that you will eventually bleed dry.

Good point, but I think US would treat bitcoin as a commodity like gold instead of currency. I'm not supporting US, but if bitcoin disturb its economy, I guess US will do anything to regulate bitcoin with its power (although we know bitcoin is a decentralized thing). And sometimes what exactly happens in real world is different with what we expected before, so if the whole world adopt bitcoin, we can't guarantee the wealth become more distributed in every country.

[operrajunk74]

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.

Many people feel that bitcoin can have the largest impact in developing economies with weak fiat currencies. Most of the world does not even have a bank account. Bitcoin can help

Yes it is spreading all over the world but it is not as faster that it should be and the reason is lack of awareness among the people of the country. It is on the way to be a global currency but it will take some time and it is only possible when there is acceptance across the globe.

[apriyani420]

its nice to see that bitcoins are getting more and more popular all around the world these are the signs that its price might grow a lot in the future

[bitart]

Acceptance can be OK with the bitcoin backed debit cards. Most of the merchants won't notice that you payed with bitcoins, they only see the VISA logo.
On the long run they will accept bitcoins via phone NFC payment but it's really long term I think.