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Author Topic: Bitcoin is Becoming a Global Currency  (Read 226401 times)
noormcs5
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September 14, 2016, 03:27:39 AM
 #1281

Till it's not accepted somewhere, bitcoin is golobal currency only in people minds, but honestly bitcoin is still young for it.

Yes, to become an international currency, bitcoin must be known by all people around the world. For now, bitcoin is not become a global currency, because there are many people that still don't know about bitcoin and how it works.

I want to believe that this is what everyone is hoping for because this will go along way in removing the bottleneck attached to converting to FIAT in other to get basic things in real time

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September 14, 2016, 03:56:40 AM
 #1282

I believe it will take a few years for this to happen, but perhaps it's closer to happening than we imagine. It is true that bitcoin and cryptocurrencies in general are becoming increasingly popular around the world, day after day.

the main problem bitcoin is "DIGITAL CURRENCY" so we need internet conection for each transaction, and this is can't make bitcoin as 1st global currency like a us dollar.
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September 14, 2016, 03:57:01 AM
 #1283

Till it's not accepted somewhere, bitcoin is golobal currency only in people minds, but honestly bitcoin is still young for it.

Yes, to become an international currency, bitcoin must be known by all people around the world. For now, bitcoin is not become a global currency, because there are many people that still don't know about bitcoin and how it works.

Global currency means it can used worldwide. It's not always that no much people knows this currency. Bitcoin can consider a global currency regardless of the idea and number of adoption.

Same applied for being an international currency.

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September 14, 2016, 05:07:21 AM
 #1284

Till it's not accepted somewhere, bitcoin is golobal currency only in people minds, but honestly bitcoin is still young for it.

Yes, to become an international currency, bitcoin must be known by all people around the world. For now, bitcoin is not become a global currency, because there are many people that still don't know about bitcoin and how it works.

Global currency means it can used worldwide. It's not always that no much people knows this currency. Bitcoin can consider a global currency regardless of the idea and number of adoption.

Same applied for being an international currency.
Agree with you sir, Bitcoin now is can be used internationally/globally. Bitcoin is not more popular but we can use it anywhere we want that is why we can consider the uses of bitcoin internationally.
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September 14, 2016, 05:10:34 AM
 #1285

Till it's not accepted somewhere, bitcoin is golobal currency only in people minds, but honestly bitcoin is still young for it.

Yes, to become an international currency, bitcoin must be known by all people around the world. For now, bitcoin is not become a global currency, because there are many people that still don't know about bitcoin and how it works.

also bitcoin must be acceptable everywhere, we must keep introduce bitcoin to near people, we must invite each people to know more about bitcoin.

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martinacar
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September 14, 2016, 03:38:18 PM
 #1286

Yeah I know the Bitcoin is becoming a global currency because everyone in the world can make use of it and that is why I see it as an global currency.
But it needs to attract more people because not everyone makes use of it.
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September 14, 2016, 04:31:46 PM
 #1287

Till it's not accepted somewhere, bitcoin is golobal currency only in people minds, but honestly bitcoin is still young for it.

Yes, to become an international currency, bitcoin must be known by all people around the world. For now, bitcoin is not become a global currency, because there are many people that still don't know about bitcoin and how it works.

I beg to disagree, as far as I know there are people in different country though they are in a small percentage, known bitcoin and using it in their daily to monthly lives.  I think that is enough for me to consider bitcoin as global currency.  The mere fact that exchanges accept bitcoin and exchange it to their respective local fiat shows that it is really a global currency.

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September 14, 2016, 04:57:41 PM
 #1288

We can say that it is global currency now because lots of people use it
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September 14, 2016, 06:10:22 PM
 #1289


I am very confident in the future that bitcoin could become a global currency, bitcoin will be recognized by many countries and received assurances from credible financial institution. I believe the strength of bitcoin could do it.

In addition to that, it will also increase the acceptance and also change the perception people have about BITCOIN generally...

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September 14, 2016, 11:29:36 PM
 #1290

It will certainly be a long process, but major steps have been taken until this moment. Many people are already aware of the potential of bitcoin, and the possibilities that it can bring to make the economy even better.
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September 15, 2016, 02:20:07 AM
 #1291

It will certainly be a long process, but major steps have been taken until this moment. Many people are already aware of the potential of bitcoin, and the possibilities that it can bring to make the economy even better.
A long and a continuous process, more people are interested in bitcoin not primarily of the concept and system but because they are attracted with the price of bitcoin now and amazed how the price have grown that much when it is not a physical investment that cannot be appraised of its value.

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September 15, 2016, 02:27:59 AM
 #1292


I am very confident in the future that bitcoin could become a global currency, bitcoin will be recognized by many countries and received assurances from credible financial institution. I believe the strength of bitcoin could do it.

In addition to that, it will also increase the acceptance and also change the perception people have about BITCOIN generally...

It will change of course because of the popularity of bitcoin and it could be easy for them to understand if they wanted to have a complete details because the necessary information is all over the internet. This is a global currency already and what we are seeing now is it will be more popular in the future with the continuous adoption.

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September 15, 2016, 03:11:06 AM
 #1293

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.
here i also observing the same things . earlier there was few of countries currency exchange user but now the rush of countries and its peoplea makes the bitcoin as a global currency . which make the future of bitcoin bright and more bright .

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maydna
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September 15, 2016, 07:22:53 AM
 #1294

Till it's not accepted somewhere, bitcoin is golobal currency only in people minds, but honestly bitcoin is still young for it.

Yes, to become an international currency, bitcoin must be known by all people around the world. For now, bitcoin is not become a global currency, because there are many people that still don't know about bitcoin and how it works.

also bitcoin must be acceptable everywhere, we must keep introduce bitcoin to near people, we must invite each people to know more about bitcoin.

i agree with this, this is our chance to introduce bitcoin into many people so they can know what is bitcoin and don't make judge that bitcoin is wrong.

i think if there is community in our city and make a schedule to meet and make a plan about how to introduce, and in every meet we can ask people to join with us and this will be a good way for people to know bitcoin.

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Altynbekova
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September 15, 2016, 08:04:02 AM
 #1295

It's a great thing that it's becoming more global but it's not far yet. We have to be able to pay with it in alot of places and see more advertisements towards bitcoin.
Only then can we speak of a global currency, now it's a global digital only currency since more webshops accept it then local stores.
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September 15, 2016, 08:04:59 AM
 #1296

Yeah I agree that the potential of bitcoin is huge, and crap like that but you have to admit that it is not growing as fast as you make it sound right in the first post of this thread, you have to accept the fact that bitcoin is new compared to other methods of doing transaction and the world might take another five years to actually accept bitcoin, and will demand some changes in the core existence and functionality of bitcoin transactions
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September 18, 2016, 08:29:57 AM
 #1297

It's possible to see that btc is  becoming more and more popular everyday. There  are more people getting to now what btc is. I  would say, that as a result of this,  btc is becoming a global currency..
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September 18, 2016, 09:04:58 AM
 #1298

We can say that it is global currency now because lots of people use it
just wondering if a currency is still not being recognited as official currency in most of country but still biased or just say between illegal and legal (not regulated) yet,can it be called global currency? though it's being used by people widely but don't know whether it's legal or illegal

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September 18, 2016, 02:14:26 PM
 #1299

We can say that it is global currency now because lots of people use it
just wondering if a currency is still not being recognited as official currency in most of country but still biased or just say between illegal and legal (not regulated) yet,can it be called global currency? though it's being used by people widely but don't know whether it's legal or illegal
Wait for the right time and now is not the right time yet, the popularity of bitcoin is not that big, and for the country to declare bitcoin as legal currency, they need to pass to their rules and qualifications and I think some country are reviewing the possibility of declaring bitcoin as legal.

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September 18, 2016, 05:43:04 PM
 #1300

We can say that it is global currency now because lots of people use it
just wondering if a currency is still not being recognited as official currency in most of country but still biased or just say between illegal and legal (not regulated) yet,can it be called global currency? though it's being used by people widely but don't know whether it's legal or illegal
Wait for the right time and now is not the right time yet, the popularity of bitcoin is not that big, and for the country to declare bitcoin as legal currency, they need to pass to their rules and qualifications and I think some country are reviewing the possibility of declaring bitcoin as legal.

That could be true. The bitcoin is not the only coin any more. There are other good coins which will divert the money.

 
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