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Author Topic: Bitcoin is Becoming a Global Currency  (Read 225604 times)
warkop121
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April 08, 2018, 10:31:29 AM
 #3081

The strengthening of exchange rate and the position of virtual currency Bitcoin in monetary transactions on the internet make it digadang will be a global currency, This is due to the increasing number of transactions without face to face from all people in various parts of the world. We believe Bitcoin could be the global currency as the largest payment instrument for e-commerce and may be a serious contender for traditional money changers. As a medium of exchange, Bitcoin can certainly grow and become a global currency
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April 08, 2018, 10:12:00 PM
 #3082

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 was already a global currency but it was only a crypto so it was a digital currency and it was good for us it was a same like a true currency.
Yes true, it can be said that bitcoin is becoming a global currency, everyone from various countries is free and easy to trade with bitcoin so it only takes recognition from many countries to make bitcoin is international currency.
LOL, international currency means Bitcoin must support all transaction of the people on many countries. Do you know the Bitcoin system have not enough capacity to do that? Never, I am sure Bitcoin never become the international currency until its system can support few trillion transactions every day.


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kaizerblitz
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April 08, 2018, 10:39:10 PM
 #3083

Yes it is i believe on that bitcoin is becoming global currency someday not for now because fiat currency were important but somehow it the near future bitcoin will be know in the world and replace fiat currency.

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April 08, 2018, 10:54:50 PM
 #3084

I agree with this statement. Moreover, the world needs such currency - it's very difficult to do something with all these currencies and constantly changing rates.

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April 09, 2018, 10:49:53 AM
 #3085

I agree with this statement. Moreover, the world needs such currency - it's very difficult to do something with all these currencies and constantly changing rates.
Volatility will be eliminated once everything will be regulated, we are decentralized and suppose to be free from any government interference
but what is happening now is not based on our expectation. Since the market is free, it is also very risky so more people are losing money as they
treat bitcoin as an investment and we know we have a lot of scams here and if one will not study hard, he might be victim of scam.

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April 09, 2018, 11:10:54 AM
 #3086

If you look now at the hype generated by bitcoin during the last 2 year definintly you would see that bitcoin will be a global currency that will get over fiat around us . but this will be very fast if many country official adapt bitcoin in the government system.
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April 09, 2018, 01:29:40 PM
 #3087

Indeed, there's no doubt that with the popularity of btc makes it a currency now. Maybe due to it's ease of access for the people and the value that it has. It is becoming a Global Currency, however, if people will focus on btc the currency that they used to have will have no sense or vice versa. Let's face it, bitcoin might be used in different countries in there transactions. But what if btc loses it's value? Will the dependents on btc still have there life back in the way it was before? Btc is still a good way of transaction but it cannot be a concrete currency.


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April 09, 2018, 01:40:02 PM
 #3088

It is not news anymore if Bitcoin would eventually be a global currency. Based from the widespread, it seems possible that someday it would be open to everyone. Due to the benefits it can give, people would really indulge in having this currency. We just have to ensure that the effects of this currency to the economy will not be a negative one.

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April 15, 2018, 05:27:26 PM
 #3089

yes bitcoin current progress is very rapid, the more people who know what it bitcoin, how it works, and its superiority compared to paper currency, and certainly will be the currency bitcoin priority someday
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April 15, 2018, 05:28:57 PM
 #3090

Well bitcoin will never replace fiat but this is not a problem. For new entrants to buy bitcoin, existing holders has to sell. As more people invest in bitcoin more distributed the wealth will be.
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April 15, 2018, 05:51:42 PM
 #3091

Bitcoin is already a global currency nowadays, as it's used worldwide and could being earned everywhere, and accepted as payment method in some big marketplaces as well
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April 15, 2018, 05:54:14 PM
 #3092

On the virtual planet it will absolutely be a world-wide forex, as it is a currency of everybody and is not owned by a specific region.
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April 15, 2018, 08:59:57 PM
 #3093

It could happen, maybe in the future. Indeed bitcoin users have spread across the country, and have changed many of their economies, but there are still countries that ban bitcoin as a means of transaction. But all possibilities can happen if bitcoin is really used in general.
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April 18, 2018, 08:29:12 PM
 #3094

Indeed, there's no doubt that with the popularity of btc makes it a currency now. Maybe due to it's ease of access for the people and the value that it has. It is becoming a Global Currency, however, if people will focus on btc the currency that they used to have will have no sense or vice versa. Let's face it, bitcoin might be used in different countries in there transactions. But what if btc loses it's value? Will the dependents on btc still have there life back in the way it was before? Btc is still a good way of transaction but it cannot be a concrete currency.
The value of Bitcoin is so higher than the value of a currency, FIAT, should possess.
Bitcoin can becomes an intermediary tool that helps us global transfer money with extremely cheap fees, but to becomes a global currency, the government never accept this situation.
Bitcoin is an unstable system, not only its value is unstable.
You can see just a war in Bitcoin system because between developer have different idea made Bitcoin Cash, created by developers do not accept Bitcoin SegWit, forked from Bitcoin.


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Panpan66L
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April 18, 2018, 08:40:48 PM
 #3095

I personaly think. that before it became a worldwide currency, bitcoin needs so many regulations and adjustments, that we will face this thing not very soon

Izalcomax
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April 19, 2018, 01:19:37 AM
 #3096

More people are getting interesting on bitcoin right now, but to me, bitcoin become a global currency? i dont think so..
US dollar still got what it takes to become a global currency right now, not to mention the other GBP, Euro etc.
bilyboy
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April 19, 2018, 01:26:55 AM
 #3097

I hope that bitcoin can officially become international currency, this is because the world needs a real and clear solution that global transactions can be simple, fast and can be done by anyone without dependent banks.
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