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Author Topic: Bitcoin is Becoming a Global Currency  (Read 226328 times)
BitPlace
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October 20, 2016, 03:41:03 PM
 #1401

Bitcoin will be a Global Currency if all countries are properly connected online or through internet. Sadly there are still countries where internet is still not available and if it's available signal is bad or expensive to get a signal. We all know that we cant transact using Bitcoin with out using internet.
Yes many are not connected in online because of internet connections especially in the poor area or the tribe they dont know how to use gadgets so bitcoin  can not becoming global currency.

If 30-60% of the world population use the bitcoin, it can be regarded as a global currency. You can use it to buy a lot of things.
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October 20, 2016, 04:03:34 PM
 #1402

Bitcoin was a global currency 2-3 years ago when China was starting to adopt it. Russia adopted it a little earlier than that.

However, it does not have any sort of widespread usage except for niche markets.
I do think that bitcoin is becoming a global currency because more and more people are making use of bitcoin and  am sure that it will be only more in a couple of years.
If the bitcoin does not die then I think it will be possible.

Bitcoin is a de facto global currency or commodity if you please. It's got all it needs to be considered one - global adoption, exchange mechanisms, etc.
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October 20, 2016, 04:08:21 PM
 #1403

Bitcoin is already a global currency. I think it will need to become more and more adopted before it is "accepted" as one by the masses.
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October 20, 2016, 04:37:58 PM
 #1404

bitcoin can be a global currency, when all of the people around the world will know about bitcoin and they all will adopt it for their business.
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October 23, 2016, 05:10:26 AM
 #1405

it can be happen if government accept bitcoin in their country and i think global can accept it as well Smiley because bitcoin has high value than a us dollars and much profitable.
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October 27, 2016, 08:02:46 AM
 #1406

it can be happen if government accept bitcoin in their country and i think global can accept it as well Smiley because bitcoin has high value than a us dollars and much profitable.

It will take decades for the bitcoin to be a global currency. In 2019, there might be 10 million people using it.
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October 27, 2016, 08:47:16 AM
 #1407

it can be happen if government accept bitcoin in their country and i think global can accept it as well Smiley because bitcoin has high value than a us dollars and much profitable.

It will take decades for the bitcoin to be a global currency. In 2019, there might be 10 million people using it.
I expect it can be happened in the near future and i believe everybody will have same expectations as me right now,  even bitcoin has more valuable than the giant us dollar it is mean nothing.

As long as nobody use it , bitcoin are just a useles currency.

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October 27, 2016, 11:12:46 AM
 #1408

I hope that one day it will become a currency Bitcoin global great and I hope it is used by many people and many countries I believe it will happen in the future. But maybe it will happen for a long time because of limited distribution sangant bitcoin.
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October 29, 2016, 12:01:48 PM
 #1409

it can be happen if government accept bitcoin in their country and i think global can accept it as well Smiley because bitcoin has high value than a us dollars and much profitable.
The sole reason why you think that bitcoin is so profitable is because you're getting paid in bitcoins. If you're getting paid in Euros, you'd say that euro is more profitable, right? There are other things that you can do in the real world and I think fiat actually pays more than bitcoins. You get paid for 10$-15$ per hour in your day job while in bitcoins, you only get paid a couple of dollars per day.

Globally, people can receive and send bitcoins. Not sure why did you even have to mention that. You are free to use it and the government can never change that fact.

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October 29, 2016, 12:20:47 PM
 #1410

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.
Some countru are bitcoin is legal and kiterally theu using it with their daily activies buying goods seeing people uses bitcoin as payment method is awesome bitcoin is depending on Us money WHICH is dollar and some countries bitcoin are being legal now so that they can use it too.
It is good if in your country bitcoin is legal so more merchants will not hesitate to adopt as it is supported by the government. But in our country it is not legal yet so i need to wait for more time to experience buying in a store using my bitcoins but still what matters is it is not illegal.
Yes as of now bitcoin is really legal to use and some merchants are start accepting our bitcoin specially when it comes to bill we can really pay our bills via our bitcoin wallet that based here in my country . And it's really supported by our goverment i don't know if our president using bitcoin too to accept investment .

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October 29, 2016, 12:43:32 PM
 #1411

I hope that one day it will become a currency Bitcoin global great and I hope it is used by many people and many countries I believe it will happen in the future. But maybe it will happen for a long time because of limited distribution sangant bitcoin.

It could really happen and i can really feel it. As more and more companies and guess what they are not just a small ones they are a big whales in the marketing industries are trying to adopt this certain currency which we are using called bitcoin.
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October 29, 2016, 12:47:41 PM
 #1412

it can be happen if government accept bitcoin in their country and i think global can accept it as well Smiley because bitcoin has high value than a us dollars and much profitable.
The sole reason why you think that bitcoin is so profitable is because you're getting paid in bitcoins. If you're getting paid in Euros, you'd say that euro is more profitable, right? There are other things that you can do in the real world and I think fiat actually pays more than bitcoins. You get paid for 10$-15$ per hour in your day job while in bitcoins, you only get paid a couple of dollars per day.

Globally, people can receive and send bitcoins. Not sure why did you even have to mention that. You are free to use it and the government can never change that fact.
Not all of us here are working for money, most of us are trading or investing to make money, and we can say that bitcoin is profitable not because it is the type of currency that we receive but it is giving us more opportunity to make money online. With bitcoin we are connected since we are only using one currency.

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October 29, 2016, 12:59:30 PM
 #1413

I hope that one day it will become a currency Bitcoin global great and I hope it is used by many people and many countries I believe it will happen in the future. But maybe it will happen for a long time because of limited distribution sangant bitcoin.

It could really happen and i can really feel it. As more and more companies and guess what they are not just a small ones they are a big whales in the marketing industries are trying to adopt this certain currency which we are using called bitcoin.
Big companies know already the potential of bitcoin however due to the price volatility of bitcoin not all industries has a viable business plan using bitcoin, for merchant it is not good as they may lose for big price fluctuation and sometimes could lead to price fall back. They do not want that as they want to be safe.

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October 30, 2016, 07:12:43 AM
 #1414

I hope that one day it will become a currency Bitcoin global great and I hope it is used by many people and many countries I believe it will happen in the future. But maybe it will happen for a long time because of limited distribution sangant bitcoin.

It could really happen and i can really feel it. As more and more companies and guess what they are not just a small ones they are a big whales in the marketing industries are trying to adopt this certain currency which we are using called bitcoin.
Maybe some but i dont that it can be happen because plenty of people they dont know about bitcoin especially to those in poor area. They dont know what is bitcoin so its could not be happen that bitcoin becoming a global currency.
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October 30, 2016, 10:33:01 AM
 #1415

In terms of accessibility, Bitcoin can be used anywhere in the world. The problem to be solved is the question of adoption of Bitcoin as a currency, because many people still don't know it and the technology behind it.

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November 02, 2016, 02:06:46 AM
 #1416

In terms of accessibility, Bitcoin can be used anywhere in the world. The problem to be solved is the question of adoption of Bitcoin as a currency, because many people still don't know it and the technology behind it.

Nothing has done so fast and easily everything even techology took years or decades before everything we have at this moment came true like a smart phones. Aa like that bitcoin will be at its maximum success at the right time if it does have?
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November 02, 2016, 02:33:46 AM
 #1417

Bitcoin will be a Global Currency if all countries are properly connected online or through internet. Sadly there are still countries where internet is still not available and if it's available signal is bad or expensive to get a signal. We all know that we cant transact using Bitcoin with out using internet.

I thought it was possible to exchange some value of bitcoin offline, it just involves more trust perhaps as the receiver of the coin is not able to immediately use the coin or transfer it to another address ?     Arent there some special physical coins out there with an address on the middle and the idea is you have your own offline wallet kind of value holding

I'll find the picture, just seems arguable that even a countryside with no electricity could still maybe have a use for cyptocurrency.    People trust dollars when they are in the desert right but for all they know that government backing the paper went broke or the paper is not correct in some way ?    People take cheques and so on, I just assume that bitcoin can also be used in some part similarly


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November 02, 2016, 03:26:23 AM
 #1418

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

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November 02, 2016, 06:16:29 AM
 #1419

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.

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November 02, 2016, 06:23:19 AM
 #1420

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,.
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